Muscatine USDA Loan Rates, Closing Costs & Stats

Muscatine, IA

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    • 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 6.94% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Muscatine's average USDA mortgage closing costs are $4,199.

    The average rate for the prior week (2024-04-12) was 6.39% and one month ago for the week of 2024-03-15, the average rate was 6.37%.

    The average rate one year ago was 6.41%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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
    Muscatine's median listing price for 2024-03-01 was $225,000, a difference of $42,575 (23.3%) versus the prior year and $13,775 versus the prior month.

    Muscatine's median listing price comes in at 0% of the national average.

    Muscatine's average listing price for 2024-03-01 was $252,349, a difference of $16,332 (6.9%) versus the prior year and $7,457 versus the prior month.

    For the 2024-03-01 period, Muscatine had 71 MLS listings, a difference of 0 listings (0%) versus the prior month and 19 listings (37%) 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
    Muscatine's median listing age (time on market) for 2024-03-01 was 0 days.

    Muscatine's median square footage for active listings during the 2024-03-01 period was 1,954 sqft. One year prior, the average listing was 1,740 sqft.