Omaha USDA Loan Rates, Closing Costs & Stats

OMAHA-COUNCIL BLUFFS, NE-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.

    Omaha's 23 lenders originated 42 USDA loans during 2024. The total origination value was $8,570,000, with an average USDA loan value of $204,048.

    Omaha USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Omaha averaged 6.34% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

    Omaha's average USDA mortgage closing costs are $4,207.

    The average rate for the prior week (2025-05-16) was 6.57% and one month ago for the week of 2025-04-18, the average rate was 6.76%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.25%.

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

    Omaha 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 Omaha level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Flanagan State Bank 5 6.83% $6,280
    West Gate Bank 3 6.25% $3,904
    IOWA BANKERS MORTGAGE CORPORATION 3 6.50% $3,950
    GUARANTEED RATE, INC. 3 6.63% $6,790
    GREENSTATE CREDIT UNION 2 6.13% $5,052
    CHARTER WEST BANK 2 6.06% $4,708
    First National Bank of Omaha 2 6.56% $5,119
    Plains Commerce Bank 2 6.88% $6,660
    U.S. Bank 1 6.00% $3,750
    Century Mortgage Company DBA Century Lending Company 1 6.63% $3,228
    GERSHMAN INVESTMENT CORP. 1 6.63% $5,281
    AMERICAN FINANCING CORPORATION 1 5.75% $6,081
    CASTLE & COOKE MORTGAGE, LLC 1 5.75% $8,318
    Bank of England 1 6.75% $8,919
    MID AMERICA MORTGAGE, INC. 1 7.75% $5,799
    MORIA DEVELOPMENT, INC. 1 6.25% $5,071
    Pinnacle Bank 1 5.75% $6,816
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $2,623
    Prosperity Home Mortgage, LLC 1 7.13% $5,018
    T2 FINANCIAL LLC 1 6.63% $7,012
    United Bank of Iowa 1 7.75% $5,976
    CMG MORTGAGE, INC. 1 6.00% $5,654
    CROSSCOUNTRY MORTGAGE, LLC 1 6.13% $7,816

    The top Omaha USDA lender as defined by loan originations is Flanagan State Bank, with 5 USDA loans originated. Their average total fees are $6,280, which is $2,376 higher than the next largest lender, West Gate Bank.

    The lowest fee Omaha USDA lenders (with over 10 loans originated) are .

    The lowest rate Omaha USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Omaha (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 $268,225 (13.3%) $321,358 (12.5%) 0.99 2,014
    2018-02-01 $282,300 (10.9%) $333,461 (12.0%) 1.02 1,844
    2018-03-01 $288,000 (6.8%) $341,555 (11.6%) 1.01 1,894
    2018-04-01 $296,731 (7.9%) $360,461 (15.1%) 1.01 1,972
    2018-05-01 $293,313 (6.7%) $341,602 (6.3%) 0.98 2,099
    2018-06-01 $290,000 (6.5%) $345,813 (8.2%) 0.97 2,349
    2018-07-01 $287,900 (6.7%) $342,710 (7.5%) 0.96 2,510
    2018-08-01 $288,450 (9.5%) $338,516 (8.2%) 0.97 2,620
    2018-09-01 $279,900 (6.7%) $330,832 (6.0%) 0.94 2,782
    2018-10-01 $269,950 (3.9%) $323,471 (3.3%) 0.91 2,851
    2018-11-01 $269,150 (0.8%) $321,684 (0.5%) 0.91 2,778
    2018-12-01 $279,900 (5.6%) $328,080 (2.8%) 0.97 2,416
    2019-01-01 $285,000 (6.3%) $327,819 (2.0%) 0.98 2,143
    2019-02-01 $290,163 (2.8%) $333,690 (0.1%) 0.98 2,008
    2019-03-01 $303,157 (5.3%) $344,152 (0.8%) 0.99 1,938
    2019-04-01 $311,850 (5.1%) $349,640 (-3.0%) 0.99 1,934
    2019-05-01 $306,359 (4.5%) $351,253 (2.8%) 0.96 2,098
    2019-06-01 $299,000 (3.1%) $350,064 (1.2%) 0.93 2,259
    2019-07-01 $299,925 (4.2%) $353,546 (3.2%) 0.94 2,350
    2019-08-01 $298,155 (3.4%) $350,284 (3.5%) 0.94 2,443
    2019-09-01 $287,886 (2.9%) $339,241 (2.5%) 0.92 2,589
    2019-10-01 $279,950 (3.7%) $331,347 (2.4%) 0.90 2,672
    2019-11-01 $281,400 (4.6%) $331,683 (3.1%) 0.92 2,481
    2019-12-01 $283,250 (1.2%) $331,310 (1.0%) 0.94 2,175
    2020-01-01 $291,400 (2.3%) $340,449 (3.9%) 0.97 1,915
    2020-02-01 $305,000 (5.1%) $349,526 (4.8%) 1.00 1,802
    2020-03-01 $305,000 (0.6%) $355,773 (3.4%) 0.96 1,869
    2020-04-01 $306,250 (-1.8%) $354,846 (1.5%) 0.96 1,960
    2020-05-01 $315,000 (2.8%) $363,691 (3.5%) 0.96 1,894
    2020-06-01 $319,950 (7.0%) $369,718 (5.6%) 0.94 1,697
    2020-07-01 $319,600 (6.6%) $367,825 (4.0%) 0.93 1,622
    2020-08-01 $314,060 (5.3%) $367,129 (4.8%) 0.90 1,491
    2020-09-01 $308,500 (7.2%) $368,515 (8.6%) 0.88 1,482
    2020-10-01 $294,975 (5.4%) $362,051 (9.3%) 0.85 1,429
    2020-11-01 $288,750 (2.6%) $355,849 (7.3%) 0.84 1,342
    2020-12-01 $290,036 (2.4%) $357,124 (7.8%) 0.86 1,221
    2021-01-01 $315,000 (8.1%) $370,757 (8.9%) 0.94 1,009
    2021-02-01 $322,788 (5.8%) $386,675 (10.6%) 0.94 817
    2021-03-01 $322,075 (5.6%) $384,290 (8.0%) 0.91 840
    2021-04-01 $314,500 (2.7%) $386,328 (8.9%) 0.85 869
    2021-05-01 $305,000 (-3.2%) $391,828 (7.7%) 0.81 922
    2021-06-01 $297,975 (-6.9%) $382,130 (3.4%) 0.78 1,008
    2021-07-01 $289,900 (-9.3%) $371,666 (1.0%) 0.76 1,160
    2021-08-01 $289,900 (-7.7%) $370,023 (0.8%) 0.77 1,184
    2021-09-01 $292,316 (-5.3%) $363,857 (-1.3%) 0.78 1,230
    2021-10-01 $285,000 (-3.4%) $364,831 (0.8%) 0.76 1,229
    2021-11-01 $291,750 (1.0%) $365,592 (2.7%) 0.78 1,116
    2021-12-01 $302,500 (4.3%) $373,742 (4.7%) 0.82 886
    2022-01-01 $375,000 (19.1%) $414,472 (11.8%) 1.01 668
    2022-02-01 $392,050 (21.5%) $427,119 (10.5%) 1.02 614
    2022-03-01 $384,838 (19.5%) $424,718 (10.5%) 0.96 650
    2022-04-01 $375,000 (19.2%) $426,516 (10.4%) 0.89 718
    2022-05-01 $377,741 (23.9%) $435,088 (11.0%) 0.86 917
    2022-06-01 $379,995 (27.5%) $437,113 (14.4%) 0.85 1,098
    2022-07-01 $380,000 (31.1%) $440,422 (18.5%) 0.86 1,318
    2022-08-01 $379,950 (31.1%) $434,309 (17.4%) 0.88 1,549
    2022-09-01 $378,150 (29.4%) $433,609 (19.2%) 0.88 1,571
    2022-10-01 $389,000 (36.5%) $434,950 (19.2%) 0.92 1,743
    2022-11-01 $389,725 (33.6%) $428,454 (17.2%) 0.94 1,794
    2022-12-01 $399,000 (31.9%) $435,939 (16.6%) 0.99 1,591
    2023-01-01 $411,038 (9.6%) $447,341 (7.9%) 1.02 1,458
    2023-02-01 $428,250 (9.2%) $470,280 (10.1%) 1.03 1,309
    2023-03-01 $438,000 (13.8%) $482,056 (13.5%) 1.03 1,331
    2023-04-01 $435,000 (16.0%) $488,612 (14.6%) 1.01 1,339
    2023-05-01 $429,588 (13.7%) $492,283 (13.2%) 0.97 1,416
    2023-06-01 $420,000 (10.5%) $490,155 (12.1%) 0.94 1,545
    2023-07-01 $400,000 (5.3%) $477,529 (8.4%) 0.91 1,667
    2023-08-01 $399,823 (5.2%) $477,225 (9.9%) 0.92 1,681
    2023-09-01 $394,000 (4.2%) $463,966 (7.0%) 0.92 1,845
    2023-10-01 $389,450 (0.1%) $456,319 (4.9%) 0.92 1,998
    2023-11-01 $385,700 (-1.0%) $446,882 (4.3%) 0.92 2,106
    2023-12-01 $389,000 (-2.5%) $447,627 (2.7%) 0.95 2,010
    2024-01-01 $391,103 (-4.9%) $449,946 (0.6%) 0.96 1,777
    2024-02-01 $399,000 (-6.8%) $462,818 (-1.6%) 0.96 1,699
    2024-03-01 $402,418 (-8.1%) $473,349 (-1.8%) 0.95 1,772
    2024-04-01 $408,276 (-6.1%) $481,422 (-1.5%) 0.95 1,845
    2024-05-01 $411,200 (-4.3%) $493,105 (0.2%) 0.94 1,902
    2024-06-01 $400,000 (-4.8%) $479,819 (-2.1%) 0.91 2,060
    2024-07-01 $399,000 (-0.3%) $475,077 (-0.5%) 0.91 2,228
    2024-08-01 $399,305 (-0.1%) $475,759 (-0.3%) 0.93 2,253
    2024-09-01 $390,173 (-1.0%) $460,033 (-0.9%) 0.92 2,332
    2024-10-01 $385,000 (-1.1%) $456,257 (0.0%) 0.91 2,446
    2024-11-01 $379,250 (-1.7%) $450,096 (0.7%) 0.91 2,478
    2024-12-01 $377,050 (-3.1%) $445,169 (-0.6%) 0.94 2,210
    2025-01-01 $385,100 (-1.5%) $447,999 (-0.4%) 0.96 2,060
    2025-02-01 $392,450 (-1.6%) $454,222 (-1.9%) 0.95 2,009
    2025-03-01 $399,000 (-0.9%) $467,256 (-1.3%) 0.94 1,936
    2025-04-01 $402,900 (-1.3%) $482,051 (0.1%) 0.93 2,052
    Omaha's median listing price for 2025-04-01 was $402,900, a difference of $-5,376 (-1.3%) versus the prior year and $3,900 versus the prior month.

    Omaha's median listing price comes in at 93% of the national average.

    Omaha's average listing price for 2025-04-01 was $482,051, a difference of $629 (0.1%) versus the prior year and $14,795 versus the prior month.

    For the 2025-04-01 period, Omaha had 2,052 MLS listings, a difference of 116 listings (6%) versus the prior month and 207 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Omaha (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 61 days 2,079 sqft
    2018-02-01 54 days 2,169 sqft
    2018-03-01 43 days 2,284 sqft
    2018-04-01 37 days 2,349 sqft
    2018-05-01 36 days 2,318 sqft
    2018-06-01 25 days 2,338 sqft
    2018-07-01 30 days 2,303 sqft
    2018-08-01 32 days 2,315 sqft
    2018-09-01 37 days 2,282 sqft
    2018-10-01 38 days 2,197 sqft
    2018-11-01 43 days 2,153 sqft
    2018-12-01 54 days 2,135 sqft
    2019-01-01 56 days 2,133 sqft
    2019-02-01 46 days 2,197 sqft
    2019-03-01 41 days 2,302 sqft
    2019-04-01 29 days 2,366 sqft
    2019-05-01 27 days 2,365 sqft
    2019-06-01 30 days 2,310 sqft
    2019-07-01 33 days 2,357 sqft
    2019-08-01 34 days 2,329 sqft
    2019-09-01 34 days 2,251 sqft
    2019-10-01 36 days 2,183 sqft
    2019-11-01 47 days 2,153 sqft
    2019-12-01 60 days 2,129 sqft
    2020-01-01 62 days 2,153 sqft
    2020-02-01 48 days 2,194 sqft
    2020-03-01 43 days 2,223 sqft
    2020-04-01 42 days 2,279 sqft
    2020-05-01 47 days 2,325 sqft
    2020-06-01 48 days 2,302 sqft
    2020-07-01 50 days 2,301 sqft
    2020-08-01 46 days 2,236 sqft
    2020-09-01 43 days 2,210 sqft
    2020-10-01 45 days 2,097 sqft
    2020-11-01 48 days 2,004 sqft
    2020-12-01 51 days 1,997 sqft
    2021-01-01 53 days 1,975 sqft
    2021-02-01 52 days 2,094 sqft
    2021-03-01 42 days 2,135 sqft
    2021-04-01 34 days 2,135 sqft
    2021-05-01 33 days 2,154 sqft
    2021-06-01 33 days 2,118 sqft
    2021-07-01 33 days 2,038 sqft
    2021-08-01 33 days 2,037 sqft
    2021-09-01 36 days 1,956 sqft
    2021-10-01 37 days 1,963 sqft
    2021-11-01 42 days 1,922 sqft
    2021-12-01 49 days 1,930 sqft
    2022-01-01 47 days 2,079 sqft
    2022-02-01 35 days 2,181 sqft
    2022-03-01 32 days 2,149 sqft
    2022-04-01 29 days 2,160 sqft
    2022-05-01 29 days 2,205 sqft
    2022-06-01 30 days 2,259 sqft
    2022-07-01 31 days 2,286 sqft
    2022-08-01 32 days 2,171 sqft
    2022-09-01 42 days 2,137 sqft
    2022-10-01 39 days 2,200 sqft
    2022-11-01 44 days 2,163 sqft
    2022-12-01 57 days 2,166 sqft
    2023-01-01 67 days 2,199 sqft
    2023-02-01 53 days 2,246 sqft
    2023-03-01 50 days 2,283 sqft
    2023-04-01 49 days 2,302 sqft
    2023-05-01 44 days 2,279 sqft
    2023-06-01 42 days 2,298 sqft
    2023-07-01 38 days 2,224 sqft
    2023-08-01 37 days 2,238 sqft
    2023-09-01 36 days 2,201 sqft
    2023-10-01 37 days 2,190 sqft
    2023-11-01 39 days 2,193 sqft
    2023-12-01 45 days 2,198 sqft
    2024-01-01 55 days 2,196 sqft
    2024-02-01 49 days 2,196 sqft
    2024-03-01 39 days 2,169 sqft
    2024-04-01 40 days 2,205 sqft
    2024-05-01 37 days 2,230 sqft
    2024-06-01 38 days 2,216 sqft
    2024-07-01 38 days 2,211 sqft
    2024-08-01 43 days 2,236 sqft
    2024-09-01 44 days 2,191 sqft
    2024-10-01 42 days 2,184 sqft
    2024-11-01 47 days 2,140 sqft
    2024-12-01 58 days 2,101 sqft
    2025-01-01 56 days 2,128 sqft
    2025-02-01 45 days 2,158 sqft
    2025-03-01 50 days 2,201 sqft
    2025-04-01 39 days 2,245 sqft
    Omaha's median listing age (time on market) for 2025-04-01 was 39 days. This is -1% shorter than the same period one year ago.

    Omaha's median square footage for active listings during the 2025-04-01 period was 2,245 sqft. One year prior, the average listing was 2,205 sqft.