Omaha USDA Loan Rates, Closing Costs & Stats
OMAHA-COUNCIL BLUFFS, NE-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.
Omaha's 17 lenders originated 40 USDA loans during 2023. The total origination value was $7,150,000, with an average USDA loan value of $178,750.
Omaha USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Omaha
averaged
6.06%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Omaha's average USDA mortgage closing costs are $4,135.
The average rate for the prior week (2024-12-06) was
6.2% and
one month ago for the week of 2024-11-08, the
average rate was 6.61%.
The average rate one year ago was 6.58%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.45%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Flanagan State Bank | 5 | 6.73% | $6,927 |
| IOWA BANKERS MORTGAGE CORPORATION | 5 | 6.48% | $3,882 |
| CHARTER WEST BANK | 4 | 6.16% | $5,308 |
| CASTLE & COOKE MORTGAGE, LLC | 3 | 6.75% | $6,208 |
| West Gate Bank | 3 | 6.38% | $3,839 |
| First National Bank of Omaha | 3 | 6.42% | $4,529 |
| Pinnacle Bank | 3 | 6.17% | $4,703 |
| GUILD MORTGAGE COMPANY | 2 | 6.56% | $5,414 |
| CMG MORTGAGE, INC. | 2 | 6.50% | $7,660 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 6.13% | $6,856 |
| LAND HOME FINANCIAL SERVICES, INC. | 1 | 5.63% | $5,166 |
| Flagstar Bank, FSB | 1 | 6.75% | $4,613 |
| Prosperity Home Mortgage, LLC | 1 | 7.12% | $5,971 |
| United Bank of Iowa | 1 | 7.38% | $3,122 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.60% | $4,999 |
| U.S. Bank | 1 | 5.88% | $4,798 |
| Carrington Mortgage Services, LLC | 1 | 7.50% | $6,915 |
The top Omaha USDA lender as defined by loan originations is Flanagan State Bank, with
5 USDA loans originated. Their average total fees are
$6,927, which is $3,045
higher than the next largest lender,
IOWA BANKERS MORTGAGE CORPORATION.
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%) | $341,574 (11.6%) | 1.01 | 1,894 |
| 2018-04-01 | $296,731 (7.9%) | $360,474 (15.1%) | 1.01 | 1,972 |
| 2018-05-01 | $293,163 (6.6%) | $341,602 (6.3%) | 0.98 | 2,098 |
| 2018-06-01 | $290,000 (6.5%) | $345,900 (8.2%) | 0.97 | 2,350 |
| 2018-07-01 | $287,900 (6.7%) | $342,710 (7.5%) | 0.96 | 2,510 |
| 2018-08-01 | $288,450 (9.5%) | $338,516 (8.3%) | 0.97 | 2,620 |
| 2018-09-01 | $279,900 (6.8%) | $330,766 (5.9%) | 0.94 | 2,781 |
| 2018-10-01 | $269,950 (3.9%) | $323,404 (3.3%) | 0.91 | 2,850 |
| 2018-11-01 | $269,050 (0.8%) | $321,614 (0.4%) | 0.91 | 2,777 |
| 2018-12-01 | $279,900 (5.6%) | $328,002 (2.8%) | 0.97 | 2,415 |
| 2019-01-01 | $285,000 (6.3%) | $327,731 (2.0%) | 0.98 | 2,142 |
| 2019-02-01 | $289,825 (2.7%) | $333,601 (0.0%) | 0.98 | 2,007 |
| 2019-03-01 | $303,029 (5.2%) | $344,066 (0.7%) | 0.99 | 1,937 |
| 2019-04-01 | $311,700 (5.0%) | $349,559 (-3.0%) | 0.99 | 1,933 |
| 2019-05-01 | $306,003 (4.4%) | $351,254 (2.8%) | 0.96 | 2,097 |
| 2019-06-01 | $299,000 (3.1%) | $349,985 (1.2%) | 0.93 | 2,258 |
| 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 (2.6%) | 0.92 | 2,589 |
| 2019-10-01 | $279,950 (3.7%) | $331,347 (2.5%) | 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 (5.2%) | $349,526 (4.8%) | 1.00 | 1,802 |
| 2020-03-01 | $305,000 (0.7%) | $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 (2.9%) | $363,662 (3.5%) | 0.96 | 1,893 |
| 2020-06-01 | $319,950 (7.0%) | $369,698 (5.6%) | 0.94 | 1,696 |
| 2020-07-01 | $319,500 (6.5%) | $367,811 (4.0%) | 0.93 | 1,621 |
| 2020-08-01 | $313,980 (5.3%) | $367,119 (4.8%) | 0.90 | 1,490 |
| 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 (1.1%) | 0.76 | 1,160 |
| 2021-08-01 | $289,900 (-7.7%) | $370,023 (0.8%) | 0.77 | 1,184 |
| 2021-09-01 | $292,450 (-5.2%) | $364,030 (-1.2%) | 0.78 | 1,230 |
| 2021-10-01 | $285,000 (-3.4%) | $365,012 (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 | $377,919 (23.9%) | $435,217 (11.1%) | 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%) | $439,786 (18.3%) | 0.86 | 1,318 |
| 2022-08-01 | $379,950 (31.1%) | $434,309 (17.4%) | 0.88 | 1,549 |
| 2022-09-01 | $378,150 (29.3%) | $433,609 (19.1%) | 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 | $429,544 (13.7%) | $492,191 (13.1%) | 0.97 | 1,415 |
| 2023-06-01 | $419,975 (10.5%) | $489,997 (12.1%) | 0.94 | 1,544 |
| 2023-07-01 | $400,000 (5.3%) | $476,867 (8.4%) | 0.91 | 1,666 |
| 2023-08-01 | $399,700 (5.2%) | $476,695 (9.8%) | 0.92 | 1,680 |
| 2023-09-01 | $392,995 (3.9%) | $463,567 (6.9%) | 0.92 | 1,844 |
| 2023-10-01 | $389,425 (0.1%) | $455,940 (4.8%) | 0.92 | 1,997 |
| 2023-11-01 | $385,825 (-1.0%) | $446,944 (4.3%) | 0.92 | 2,106 |
| 2023-12-01 | $389,000 (-2.5%) | $447,748 (2.7%) | 0.95 | 2,011 |
| 2024-01-01 | $391,644 (-4.7%) | $450,083 (0.6%) | 0.96 | 1,778 |
| 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 | $414,990 (-3.4%) | $499,452 (1.5%) | 0.94 | 1,904 |
| 2024-06-01 | $409,000 (-2.6%) | $490,535 (0.1%) | 0.92 | 2,062 |
| 2024-07-01 | $399,000 (-0.3%) | $475,077 (-0.4%) | 0.91 | 2,228 |
| 2024-08-01 | $399,522 (0.0%) | $475,759 (-0.2%) | 0.93 | 2,253 |
| 2024-09-01 | $390,173 (-0.7%) | $460,033 (-0.8%) | 0.92 | 2,332 |
| 2024-10-01 | $385,000 (-1.1%) | $456,257 (0.1%) | 0.91 | 2,446 |
| 2024-11-01 | $379,250 (-1.7%) | $450,096 (0.7%) | 0.91 | 2,478 |
Omaha's median listing price comes in at 91% of the national average.
Omaha's average listing price for 2024-11-01 was $450,096, a difference of $3,152 (0.7%) versus the prior year and $-6,161 versus the prior month.
For the 2024-11-01 period, Omaha had 2,478 MLS listings, a difference of 32 listings (1%) versus the prior month and 372 listings (18%) 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 | 2,286 sqft |
| 2018-04-01 | 37 days | 2,350 sqft |
| 2018-05-01 | 36 days | 2,320 sqft |
| 2018-06-01 | 25 days | 2,339 sqft |
| 2018-07-01 | 30 days | 2,304 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 | 2,366 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 | 2,302 sqft |
| 2020-08-01 | 46 days | 2,236 sqft |
| 2020-09-01 | 43 days | 2,209 sqft |
| 2020-10-01 | 45 days | 2,095 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 | 2,097 sqft |
| 2021-03-01 | 42 days | 2,135 sqft |
| 2021-04-01 | 34 days | 2,136 sqft |
| 2021-05-01 | 33 days | 2,152 sqft |
| 2021-06-01 | 33 days | 2,116 sqft |
| 2021-07-01 | 33 days | 2,038 sqft |
| 2021-08-01 | 33 days | 2,035 sqft |
| 2021-09-01 | 36 days | 1,954 sqft |
| 2021-10-01 | 37 days | 1,963 sqft |
| 2021-11-01 | 42 days | 1,922 sqft |
| 2021-12-01 | 49 days | 1,929 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 | 2,260 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 | 2,304 sqft |
| 2023-05-01 | 44 days | 2,281 sqft |
| 2023-06-01 | 42 days | 2,299 sqft |
| 2023-07-01 | 38 days | 2,224 sqft |
| 2023-08-01 | 37 days | 2,237 sqft |
| 2023-09-01 | 36 days | 2,201 sqft |
| 2023-10-01 | 37 days | 2,189 sqft |
| 2023-11-01 | 39 days | 2,192 sqft |
| 2023-12-01 | 45 days | 2,197 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 | 2,204 sqft |
| 2024-05-01 | 33 days | 2,230 sqft |
| 2024-06-01 | 36 days | 2,236 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 |
Omaha's median square footage for active listings during the 2024-11-01 period was 2,140 sqft. One year prior, the average listing was 2,192 sqft.