Mount Vernon USDA Loan Rates, Closing Costs & Stats
Mount Vernon, IL
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Mount Vernon's 5 lenders originated 10 USDA loans during 2023. The total origination value was $990,000, with an average USDA loan value of $99,000.
Mount Vernon USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Mount Vernon
averaged
6.76%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Mount Vernon's average USDA mortgage closing costs are $3,472.
The average rate for the prior week (2024-04-12) was
6.61% and
one month ago for the week of 2024-03-15, the
average rate was 6.89%.
The average rate one year ago was 6.33%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.96%.
Mount Vernon USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Mount Vernon level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Petefish, Skiles & Co. | 5 | 7.00% | $3,171 |
| Peoples National Bank , N.A. | 2 | 6.13% | $3,246 |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | 1 | 6.13% | $5,581 |
| ENDEAVOR CAPITAL, LLC. | 1 | 6.00% | $5,514 |
| First Mid Bank & Trust | 1 | 6.88% | $3,393 |
The top Mount Vernon USDA lender as defined by loan originations is Petefish, Skiles & Co., with
5 USDA loans originated. Their average total fees are
$3,171, which is $76
lower than the next largest lender,
Peoples National Bank , N.A..
The lowest fee Mount Vernon USDA lenders (with over 10 loans originated) are
.
The lowest rate Mount Vernon USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Mount Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $119,900 (-1.1%) | $141,603 (-4.5%) | 0.00 | 156 |
| 2018-02-01 | $124,900 (2.0%) | $147,627 (1.5%) | 0.00 | 158 |
| 2018-03-01 | $124,900 (3.4%) | $146,930 (2.1%) | 0.00 | 161 |
| 2018-04-01 | $129,900 (8.3%) | $151,242 (2.7%) | 0.00 | 153 |
| 2018-05-01 | $128,350 (7.1%) | $150,454 (2.4%) | 0.00 | 158 |
| 2018-06-01 | $120,900 (0.8%) | $147,196 (1.3%) | 0.00 | 168 |
| 2018-07-01 | $120,675 (-0.3%) | $145,362 (1.1%) | 0.00 | 185 |
| 2018-08-01 | $119,650 (-0.2%) | $146,063 (4.3%) | 0.00 | 185 |
| 2018-09-01 | $117,900 (-0.7%) | $147,963 (6.4%) | 0.00 | 172 |
| 2018-10-01 | $119,875 (4.3%) | $149,108 (5.8%) | 0.00 | 164 |
| 2018-11-01 | $119,200 (2.4%) | $149,845 (8.7%) | 0.00 | 162 |
| 2018-12-01 | $109,700 (-7.2%) | $147,962 (6.1%) | 0.00 | 157 |
| 2019-01-01 | $103,425 (-13.7%) | $140,990 (-0.4%) | 0.00 | 144 |
| 2019-02-01 | $109,000 (-12.7%) | $142,053 (-3.8%) | 0.00 | 138 |
| 2019-03-01 | $114,114 (-8.6%) | $153,394 (4.4%) | 0.00 | 132 |
| 2019-04-01 | $114,014 (-12.2%) | $159,908 (5.7%) | 0.00 | 130 |
| 2019-05-01 | $118,100 (-8.0%) | $169,954 (13.0%) | 0.00 | 130 |
| 2019-06-01 | $132,450 (9.6%) | $174,892 (18.8%) | 0.00 | 136 |
| 2019-07-01 | $126,625 (4.9%) | $181,503 (24.9%) | 0.00 | 132 |
| 2019-08-01 | $125,670 (5.0%) | $178,012 (21.9%) | 0.00 | 138 |
| 2019-09-01 | $125,251 (6.2%) | $172,421 (16.5%) | 0.00 | 145 |
| 2019-10-01 | $124,984 (4.3%) | $168,694 (13.1%) | 0.00 | 150 |
| 2019-11-01 | $126,667 (6.3%) | $165,596 (10.5%) | 0.00 | 139 |
| 2019-12-01 | $123,875 (12.9%) | $165,510 (11.9%) | 0.00 | 134 |
| 2020-01-01 | $122,500 (18.4%) | $170,810 (21.2%) | 0.00 | 128 |
| 2020-02-01 | $125,000 (14.7%) | $165,946 (16.8%) | 0.00 | 136 |
| 2020-03-01 | $129,700 (13.7%) | $173,467 (13.1%) | 0.00 | 145 |
| 2020-04-01 | $131,975 (15.8%) | $174,002 (8.8%) | 0.00 | 148 |
| 2020-05-01 | $135,000 (14.3%) | $176,398 (3.8%) | 0.00 | 135 |
| 2020-06-01 | $138,250 (4.4%) | $189,833 (8.5%) | 0.00 | 125 |
| 2020-07-01 | $140,425 (10.9%) | $197,349 (8.7%) | 0.00 | 123 |
| 2020-08-01 | $159,950 (27.3%) | $203,130 (14.1%) | 0.00 | 111 |
| 2020-09-01 | $167,700 (33.9%) | $215,143 (24.8%) | 0.00 | 99 |
| 2020-10-01 | $185,250 (48.2%) | $223,515 (32.5%) | 0.00 | 83 |
| 2020-11-01 | $162,925 (28.6%) | $212,442 (28.3%) | 0.00 | 79 |
| 2020-12-01 | $158,250 (27.8%) | $209,499 (26.6%) | 0.00 | 78 |
| 2021-01-01 | $156,250 (27.6%) | $204,145 (19.5%) | 0.00 | 70 |
| 2021-02-01 | $163,450 (30.8%) | $199,353 (20.1%) | 0.00 | 65 |
| 2021-03-01 | $159,500 (23.0%) | $211,045 (21.7%) | 0.00 | 52 |
| 2021-04-01 | $150,875 (14.3%) | $200,985 (15.5%) | 0.00 | 45 |
| 2021-05-01 | $145,900 (8.1%) | $184,487 (4.6%) | 0.00 | 47 |
| 2021-06-01 | $143,450 (3.8%) | $199,573 (5.1%) | 0.00 | 53 |
| 2021-07-01 | $147,900 (5.3%) | $198,444 (0.6%) | 0.00 | 59 |
| 2021-08-01 | $152,475 (-4.7%) | $196,069 (-3.5%) | 0.00 | 60 |
| 2021-09-01 | $189,000 (12.7%) | $209,497 (-2.6%) | 0.00 | 62 |
| 2021-10-01 | $149,000 (-19.6%) | $201,533 (-9.8%) | 0.00 | 56 |
| 2021-11-01 | $150,575 (-7.6%) | $193,789 (-8.8%) | 0.00 | 56 |
| 2021-12-01 | $131,125 (-17.1%) | $183,015 (-12.6%) | 0.00 | 53 |
| 2022-01-01 | $184,900 (18.3%) | $208,227 (2.0%) | 0.00 | 42 |
| 2022-02-01 | $157,225 (-3.8%) | $194,718 (-2.3%) | 0.00 | 41 |
| 2022-03-01 | $132,450 (-17.0%) | $177,631 (-15.8%) | 0.00 | 37 |
| 2022-04-01 | $129,000 (-14.5%) | $183,393 (-8.8%) | 0.00 | 33 |
| 2022-05-01 | $134,000 (-8.2%) | $194,716 (5.5%) | 0.00 | 35 |
| 2022-06-01 | $141,000 (-1.7%) | $195,538 (-2.0%) | 0.00 | 43 |
| 2022-07-01 | $142,750 (-3.5%) | $200,809 (1.2%) | 0.00 | 47 |
| 2022-08-01 | $149,950 (-1.7%) | $197,393 (0.7%) | 0.00 | 51 |
| 2022-09-01 | $137,875 (-27.1%) | $189,196 (-9.7%) | 0.00 | 49 |
| 2022-10-01 | $154,000 (3.4%) | $183,716 (-8.8%) | 0.00 | 49 |
| 2022-11-01 | $140,250 (-6.9%) | $189,540 (-2.2%) | 0.00 | 51 |
| 2022-12-01 | $151,500 (15.5%) | $190,998 (4.4%) | 0.00 | 43 |
| 2023-01-01 | $172,500 (-6.7%) | $203,174 (-2.4%) | 0.00 | 38 |
| 2023-02-01 | $177,500 (12.9%) | $195,054 (0.2%) | 0.00 | 37 |
| 2023-03-01 | $165,325 (24.8%) | $190,674 (7.3%) | 0.00 | 41 |
| 2023-04-01 | $189,950 (47.3%) | $200,066 (9.1%) | 0.00 | 38 |
| 2023-05-01 | $211,200 (57.6%) | $218,142 (12.0%) | 0.00 | 38 |
| 2023-06-01 | $202,750 (43.8%) | $225,563 (15.4%) | 0.00 | 42 |
| 2023-07-01 | $168,000 (17.7%) | $201,962 (0.6%) | 0.00 | 42 |
| 2023-08-01 | $165,600 (10.4%) | $179,350 (-9.1%) | 0.00 | 38 |
| 2023-09-01 | $159,250 (15.5%) | $180,262 (-4.7%) | 0.00 | 40 |
| 2023-10-01 | $143,750 (-6.7%) | $178,095 (-3.1%) | 0.00 | 44 |
| 2023-11-01 | $135,750 (-3.2%) | $180,224 (-4.9%) | 0.00 | 41 |
| 2023-12-01 | $135,000 (-10.9%) | $200,512 (5.0%) | 0.00 | 43 |
| 2024-01-01 | $129,925 (-24.7%) | $215,529 (6.1%) | 0.00 | 40 |
| 2024-02-01 | $137,125 (-22.8%) | $236,618 (21.3%) | 0.00 | 39 |
| 2024-03-01 | $141,000 (-14.7%) | $206,786 (8.5%) | 0.00 | 46 |
Mount Vernon's median listing price comes in at 0% of the national average.
Mount Vernon's average listing price for 2024-03-01 was $206,786, a difference of $16,112 (8.5%) versus the prior year and $-29,832 versus the prior month.
For the 2024-03-01 period, Mount Vernon had 46 MLS listings, a difference of 7 listings (18%) versus the prior month and 5 listings (12%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Mount Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,800 sqft |
| 2018-02-01 | 0 days | 1,810 sqft |
| 2018-03-01 | 0 days | 1,841 sqft |
| 2018-04-01 | 0 days | 1,805 sqft |
| 2018-05-01 | 0 days | 1,744 sqft |
| 2018-06-01 | 0 days | 1,733 sqft |
| 2018-07-01 | 0 days | 1,725 sqft |
| 2018-08-01 | 0 days | 1,714 sqft |
| 2018-09-01 | 0 days | 1,714 sqft |
| 2018-10-01 | 0 days | 1,715 sqft |
| 2018-11-01 | 0 days | 1,680 sqft |
| 2018-12-01 | 0 days | 1,676 sqft |
| 2019-01-01 | 0 days | 1,671 sqft |
| 2019-02-01 | 0 days | 1,658 sqft |
| 2019-03-01 | 0 days | 1,693 sqft |
| 2019-04-01 | 0 days | 1,697 sqft |
| 2019-05-01 | 0 days | 1,739 sqft |
| 2019-06-01 | 0 days | 1,856 sqft |
| 2019-07-01 | 0 days | 1,828 sqft |
| 2019-08-01 | 0 days | 1,793 sqft |
| 2019-09-01 | 0 days | 1,751 sqft |
| 2019-10-01 | 0 days | 1,728 sqft |
| 2019-11-01 | 0 days | 1,713 sqft |
| 2019-12-01 | 0 days | 1,695 sqft |
| 2020-01-01 | 0 days | 1,747 sqft |
| 2020-02-01 | 0 days | 1,764 sqft |
| 2020-03-01 | 0 days | 1,755 sqft |
| 2020-04-01 | 0 days | 1,758 sqft |
| 2020-05-01 | 0 days | 1,744 sqft |
| 2020-06-01 | 0 days | 1,841 sqft |
| 2020-07-01 | 0 days | 1,890 sqft |
| 2020-08-01 | 0 days | 1,820 sqft |
| 2020-09-01 | 0 days | 1,941 sqft |
| 2020-10-01 | 0 days | 2,056 sqft |
| 2020-11-01 | 0 days | 1,899 sqft |
| 2020-12-01 | 0 days | 1,843 sqft |
| 2021-01-01 | 0 days | 1,861 sqft |
| 2021-02-01 | 0 days | 1,860 sqft |
| 2021-03-01 | 0 days | 2,079 sqft |
| 2021-04-01 | 0 days | 1,984 sqft |
| 2021-05-01 | 0 days | 1,817 sqft |
| 2021-06-01 | 0 days | 1,793 sqft |
| 2021-07-01 | 0 days | 1,915 sqft |
| 2021-08-01 | 0 days | 1,753 sqft |
| 2021-09-01 | 0 days | 1,886 sqft |
| 2021-10-01 | 0 days | 1,732 sqft |
| 2021-11-01 | 0 days | 1,670 sqft |
| 2021-12-01 | 0 days | 1,684 sqft |
| 2022-01-01 | 0 days | 1,536 sqft |
| 2022-02-01 | 0 days | 1,518 sqft |
| 2022-03-01 | 0 days | 1,518 sqft |
| 2022-04-01 | 0 days | 1,464 sqft |
| 2022-05-01 | 0 days | 1,434 sqft |
| 2022-06-01 | 0 days | 1,463 sqft |
| 2022-07-01 | 0 days | 1,614 sqft |
| 2022-08-01 | 0 days | 1,604 sqft |
| 2022-09-01 | 0 days | 1,619 sqft |
| 2022-10-01 | 0 days | 1,604 sqft |
| 2022-11-01 | 0 days | 1,586 sqft |
| 2022-12-01 | 0 days | 1,620 sqft |
| 2023-01-01 | 0 days | 1,704 sqft |
| 2023-02-01 | 0 days | 1,709 sqft |
| 2023-03-01 | 0 days | 1,669 sqft |
| 2023-04-01 | 0 days | 1,697 sqft |
| 2023-05-01 | 0 days | 1,798 sqft |
| 2023-06-01 | 0 days | 1,922 sqft |
| 2023-07-01 | 0 days | 1,837 sqft |
| 2023-08-01 | 0 days | 1,622 sqft |
| 2023-09-01 | 0 days | 1,604 sqft |
| 2023-10-01 | 0 days | 1,569 sqft |
| 2023-11-01 | 0 days | 1,560 sqft |
| 2023-12-01 | 0 days | 1,566 sqft |
| 2024-01-01 | 0 days | 1,571 sqft |
| 2024-02-01 | 0 days | 1,563 sqft |
| 2024-03-01 | 0 days | 1,639 sqft |
Mount Vernon's median square footage for active listings during the 2024-03-01 period was 1,639 sqft. One year prior, the average listing was 1,669 sqft.