Muscatine USDA Loan Rates, Closing Costs & Stats
Muscatine, IA
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.
Muscatine's 3 lenders originated 5 USDA loans during 2023. The total origination value was $735,000, with an average USDA loan value of $147,000.
Muscatine USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Muscatine
averaged
6.28%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Muscatine's average USDA mortgage closing costs are $4,199.
The average rate for the prior week (2024-12-06) was
6.21% and
one month ago for the week of 2024-11-08, the
average rate was 6.53%.
The average rate one year ago was 6.6%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.3%.
Muscatine 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 Muscatine level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| IOWA BANKERS MORTGAGE CORPORATION | 2 | 6.94% | $4,114 |
| SUN WEST MORTGAGE COMPANY, INC. | 2 | 7.25% | $6,744 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.13% | $4,349 |
The top Muscatine USDA lender as defined by loan originations is IOWA BANKERS MORTGAGE CORPORATION, with
2 USDA loans originated. Their average total fees are
$4,114, which is $2,631
lower than the next largest lender,
SUN WEST MORTGAGE COMPANY, INC..
The lowest fee Muscatine USDA lenders (with over 10 loans originated) are
.
The lowest rate Muscatine USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Muscatine (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 | $147,175 (-0.9%) | $173,597 (1.1%) | 0.00 | 95 |
| 2018-02-01 | $146,975 (2.5%) | $171,364 (-1.7%) | 0.00 | 90 |
| 2018-03-01 | $149,900 (7.2%) | $181,981 (6.8%) | 0.00 | 89 |
| 2018-04-01 | $174,850 (17.0%) | $202,860 (14.6%) | 0.00 | 89 |
| 2018-05-01 | $180,150 (30.5%) | $213,679 (24.4%) | 0.00 | 92 |
| 2018-06-01 | $197,000 (30.9%) | $223,418 (31.6%) | 0.00 | 108 |
| 2018-07-01 | $199,075 (32.8%) | $218,919 (28.9%) | 0.00 | 118 |
| 2018-08-01 | $185,500 (23.8%) | $205,585 (19.6%) | 0.00 | 120 |
| 2018-09-01 | $174,900 (14.1%) | $199,548 (15.3%) | 0.00 | 134 |
| 2018-10-01 | $165,875 (15.5%) | $197,839 (18.7%) | 0.00 | 148 |
| 2018-11-01 | $166,225 (13.8%) | $206,742 (19.8%) | 0.00 | 142 |
| 2018-12-01 | $174,900 (20.7%) | $212,930 (23.6%) | 0.00 | 142 |
| 2019-01-01 | $157,950 (7.3%) | $202,650 (16.7%) | 0.00 | 147 |
| 2019-02-01 | $167,400 (13.9%) | $217,297 (26.8%) | 0.00 | 133 |
| 2019-03-01 | $167,836 (12.0%) | $213,191 (17.2%) | 0.00 | 126 |
| 2019-04-01 | $162,225 (-7.2%) | $207,262 (2.2%) | 0.00 | 124 |
| 2019-05-01 | $169,200 (-6.1%) | $206,570 (-3.3%) | 0.00 | 120 |
| 2019-06-01 | $165,000 (-16.2%) | $201,521 (-9.8%) | 0.00 | 124 |
| 2019-07-01 | $154,250 (-22.5%) | $193,301 (-11.7%) | 0.00 | 125 |
| 2019-08-01 | $161,545 (-12.9%) | $199,192 (-3.1%) | 0.00 | 120 |
| 2019-09-01 | $164,614 (-5.9%) | $203,560 (2.0%) | 0.00 | 119 |
| 2019-10-01 | $166,659 (0.5%) | $206,472 (4.4%) | 0.00 | 119 |
| 2019-11-01 | $154,900 (-6.8%) | $198,647 (-3.9%) | 0.00 | 128 |
| 2019-12-01 | $154,925 (-11.4%) | $198,645 (-6.7%) | 0.00 | 124 |
| 2020-01-01 | $145,000 (-8.2%) | $192,254 (-5.1%) | 0.00 | 119 |
| 2020-02-01 | $147,500 (-11.9%) | $196,450 (-9.6%) | 0.00 | 121 |
| 2020-03-01 | $152,750 (-9.0%) | $201,213 (-5.6%) | 0.00 | 122 |
| 2020-04-01 | $165,625 (2.1%) | $203,923 (-1.6%) | 0.00 | 124 |
| 2020-05-01 | $162,450 (-4.0%) | $210,458 (1.9%) | 0.00 | 121 |
| 2020-06-01 | $161,750 (-2.0%) | $206,470 (2.5%) | 0.00 | 120 |
| 2020-07-01 | $155,950 (1.1%) | $198,265 (2.6%) | 0.00 | 111 |
| 2020-08-01 | $155,950 (-3.5%) | $202,075 (1.5%) | 0.00 | 92 |
| 2020-09-01 | $158,675 (-3.6%) | $199,520 (-2.0%) | 0.00 | 91 |
| 2020-10-01 | $155,000 (-7.0%) | $192,070 (-7.0%) | 0.00 | 73 |
| 2020-11-01 | $148,150 (-4.4%) | $186,975 (-5.9%) | 0.00 | 70 |
| 2020-12-01 | $136,950 (-11.6%) | $183,165 (-7.8%) | 0.00 | 61 |
| 2021-01-01 | $124,750 (-14.0%) | $174,883 (-9.0%) | 0.00 | 58 |
| 2021-02-01 | $109,975 (-25.4%) | $151,626 (-22.8%) | 0.00 | 51 |
| 2021-03-01 | $110,000 (-28.0%) | $150,809 (-25.1%) | 0.00 | 43 |
| 2021-04-01 | $119,900 (-27.6%) | $162,680 (-20.2%) | 0.00 | 48 |
| 2021-05-01 | $144,900 (-10.8%) | $185,431 (-11.9%) | 0.00 | 48 |
| 2021-06-01 | $154,975 (-4.2%) | $193,223 (-6.4%) | 0.00 | 54 |
| 2021-07-01 | $153,900 (-1.3%) | $188,851 (-4.8%) | 0.00 | 56 |
| 2021-08-01 | $149,900 (-3.9%) | $219,087 (8.4%) | 0.00 | 59 |
| 2021-09-01 | $149,900 (-5.5%) | $222,352 (11.4%) | 0.00 | 68 |
| 2021-10-01 | $147,000 (-5.2%) | $218,663 (13.9%) | 0.00 | 63 |
| 2021-11-01 | $153,700 (3.8%) | $225,598 (20.7%) | 0.00 | 58 |
| 2021-12-01 | $149,900 (9.5%) | $218,836 (19.5%) | 0.00 | 60 |
| 2022-01-01 | $139,900 (12.1%) | $181,532 (3.8%) | 0.00 | 56 |
| 2022-02-01 | $135,950 (23.6%) | $182,582 (20.4%) | 0.00 | 49 |
| 2022-03-01 | $147,000 (33.6%) | $200,804 (33.2%) | 0.00 | 52 |
| 2022-04-01 | $170,000 (41.8%) | $207,624 (27.6%) | 0.00 | 72 |
| 2022-05-01 | $173,875 (20.0%) | $241,654 (30.3%) | 0.00 | 69 |
| 2022-06-01 | $203,000 (31.0%) | $259,073 (34.1%) | 0.00 | 74 |
| 2022-07-01 | $185,000 (20.2%) | $235,476 (24.7%) | 0.00 | 83 |
| 2022-08-01 | $197,625 (31.8%) | $249,036 (13.7%) | 0.00 | 95 |
| 2022-09-01 | $196,250 (30.9%) | $246,186 (10.7%) | 0.00 | 91 |
| 2022-10-01 | $186,250 (26.7%) | $238,139 (8.9%) | 0.00 | 88 |
| 2022-11-01 | $193,900 (26.2%) | $236,782 (5.0%) | 0.00 | 93 |
| 2022-12-01 | $199,900 (33.4%) | $240,767 (10.0%) | 0.00 | 81 |
| 2023-01-01 | $215,375 (54.0%) | $240,147 (32.3%) | 0.00 | 71 |
| 2023-02-01 | $199,925 (47.1%) | $222,731 (22.0%) | 0.00 | 63 |
| 2023-03-01 | $182,425 (24.1%) | $236,017 (17.5%) | 0.00 | 52 |
| 2023-04-01 | $182,500 (7.4%) | $239,606 (15.4%) | 0.00 | 63 |
| 2023-05-01 | $212,150 (22.0%) | $252,176 (4.4%) | 0.00 | 50 |
| 2023-06-01 | $227,500 (12.1%) | $253,988 (-2.0%) | 0.00 | 67 |
| 2023-07-01 | $225,000 (21.6%) | $241,995 (2.8%) | 0.00 | 68 |
| 2023-08-01 | $220,925 (11.8%) | $245,380 (-1.5%) | 0.00 | 74 |
| 2023-09-01 | $225,000 (14.7%) | $255,508 (3.8%) | 0.00 | 83 |
| 2023-10-01 | $207,000 (11.1%) | $246,304 (3.4%) | 0.00 | 87 |
| 2023-11-01 | $219,450 (13.2%) | $254,671 (7.6%) | 0.00 | 87 |
| 2023-12-01 | $219,900 (10.0%) | $252,251 (4.8%) | 0.00 | 84 |
| 2024-01-01 | $219,950 (2.1%) | $251,281 (4.6%) | 0.00 | 71 |
| 2024-02-01 | $211,225 (5.7%) | $244,892 (10.0%) | 0.00 | 71 |
| 2024-03-01 | $225,000 (23.3%) | $252,349 (6.9%) | 0.00 | 71 |
| 2024-04-01 | $236,150 (29.4%) | $263,436 (10.0%) | 0.00 | 86 |
| 2024-05-01 | $247,450 (16.6%) | $274,234 (8.8%) | 0.00 | 80 |
| 2024-06-01 | $230,000 (1.1%) | $255,226 (0.5%) | 0.00 | 83 |
| 2024-07-01 | $242,475 (7.8%) | $270,887 (11.9%) | 0.00 | 87 |
| 2024-08-01 | $249,950 (13.1%) | $277,152 (13.0%) | 0.00 | 91 |
| 2024-09-01 | $224,500 (-0.2%) | $244,711 (-4.2%) | 0.00 | 97 |
| 2024-10-01 | $229,125 (10.7%) | $244,909 (-0.6%) | 0.00 | 98 |
| 2024-11-01 | $227,000 (3.4%) | $241,342 (-5.2%) | 0.00 | 95 |
Muscatine's median listing price comes in at 0% of the national average.
Muscatine's average listing price for 2024-11-01 was $241,342, a difference of $-13,329 (-5.2%) versus the prior year and $-3,567 versus the prior month.
For the 2024-11-01 period, Muscatine had 95 MLS listings, a difference of -3 listings (-3%) versus the prior month and 8 listings (9%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Muscatine (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,546 sqft |
| 2018-02-01 | 0 days | 1,586 sqft |
| 2018-03-01 | 0 days | 1,502 sqft |
| 2018-04-01 | 0 days | 1,617 sqft |
| 2018-05-01 | 0 days | 1,640 sqft |
| 2018-06-01 | 0 days | 1,680 sqft |
| 2018-07-01 | 0 days | 1,686 sqft |
| 2018-08-01 | 0 days | 1,636 sqft |
| 2018-09-01 | 0 days | 1,577 sqft |
| 2018-10-01 | 0 days | 1,548 sqft |
| 2018-11-01 | 0 days | 1,552 sqft |
| 2018-12-01 | 0 days | 1,560 sqft |
| 2019-01-01 | 0 days | 1,513 sqft |
| 2019-02-01 | 0 days | 1,494 sqft |
| 2019-03-01 | 0 days | 1,490 sqft |
| 2019-04-01 | 0 days | 1,469 sqft |
| 2019-05-01 | 0 days | 1,523 sqft |
| 2019-06-01 | 0 days | 1,525 sqft |
| 2019-07-01 | 0 days | 1,536 sqft |
| 2019-08-01 | 0 days | 1,568 sqft |
| 2019-09-01 | 0 days | 1,583 sqft |
| 2019-10-01 | 0 days | 1,593 sqft |
| 2019-11-01 | 0 days | 1,501 sqft |
| 2019-12-01 | 0 days | 1,536 sqft |
| 2020-01-01 | 0 days | 1,533 sqft |
| 2020-02-01 | 0 days | 1,574 sqft |
| 2020-03-01 | 0 days | 1,613 sqft |
| 2020-04-01 | 0 days | 1,632 sqft |
| 2020-05-01 | 0 days | 1,654 sqft |
| 2020-06-01 | 0 days | 1,609 sqft |
| 2020-07-01 | 0 days | 1,572 sqft |
| 2020-08-01 | 0 days | 1,617 sqft |
| 2020-09-01 | 0 days | 1,637 sqft |
| 2020-10-01 | 0 days | 1,626 sqft |
| 2020-11-01 | 0 days | 1,643 sqft |
| 2020-12-01 | 0 days | 1,569 sqft |
| 2021-01-01 | 0 days | 1,464 sqft |
| 2021-02-01 | 0 days | 1,411 sqft |
| 2021-03-01 | 0 days | 1,348 sqft |
| 2021-04-01 | 0 days | 1,268 sqft |
| 2021-05-01 | 0 days | 1,442 sqft |
| 2021-06-01 | 0 days | 1,607 sqft |
| 2021-07-01 | 0 days | 1,476 sqft |
| 2021-08-01 | 0 days | 1,619 sqft |
| 2021-09-01 | 0 days | 1,645 sqft |
| 2021-10-01 | 0 days | 1,640 sqft |
| 2021-11-01 | 0 days | 1,582 sqft |
| 2021-12-01 | 0 days | 1,487 sqft |
| 2022-01-01 | 0 days | 1,446 sqft |
| 2022-02-01 | 0 days | 1,457 sqft |
| 2022-03-01 | 0 days | 1,566 sqft |
| 2022-04-01 | 0 days | 1,611 sqft |
| 2022-05-01 | 0 days | 1,622 sqft |
| 2022-06-01 | 0 days | 1,761 sqft |
| 2022-07-01 | 0 days | 1,757 sqft |
| 2022-08-01 | 0 days | 1,771 sqft |
| 2022-09-01 | 0 days | 1,798 sqft |
| 2022-10-01 | 0 days | 1,798 sqft |
| 2022-11-01 | 0 days | 1,800 sqft |
| 2022-12-01 | 0 days | 1,800 sqft |
| 2023-01-01 | 0 days | 1,760 sqft |
| 2023-02-01 | 0 days | 1,712 sqft |
| 2023-03-01 | 0 days | 1,740 sqft |
| 2023-04-01 | 0 days | 1,688 sqft |
| 2023-05-01 | 0 days | 1,735 sqft |
| 2023-06-01 | 0 days | 1,809 sqft |
| 2023-07-01 | 0 days | 1,858 sqft |
| 2023-08-01 | 0 days | 1,934 sqft |
| 2023-09-01 | 0 days | 1,903 sqft |
| 2023-10-01 | 0 days | 1,785 sqft |
| 2023-11-01 | 0 days | 1,739 sqft |
| 2023-12-01 | 0 days | 1,796 sqft |
| 2024-01-01 | 0 days | 1,872 sqft |
| 2024-02-01 | 0 days | 1,778 sqft |
| 2024-03-01 | 0 days | 1,954 sqft |
| 2024-04-01 | 0 days | 1,892 sqft |
| 2024-05-01 | 0 days | 2,119 sqft |
| 2024-06-01 | 0 days | 1,897 sqft |
| 2024-07-01 | 0 days | 1,968 sqft |
| 2024-08-01 | 0 days | 1,945 sqft |
| 2024-09-01 | 0 days | 1,807 sqft |
| 2024-10-01 | 0 days | 1,887 sqft |
| 2024-11-01 | 0 days | 1,865 sqft |
Muscatine's median square footage for active listings during the 2024-11-01 period was 1,865 sqft. One year prior, the average listing was 1,739 sqft.