Omaha USDA Loans
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 35 lenders originated 150 USDA loans during 2021. The total origination value was $25,640,000, with an average USDA loan value of $170,933.
Omaha USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Omaha
averaged
5.13%
for the week of 2022-05-13, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-05-06) was
5.26% and
one month ago for the week of 2022-04-08, the
average rate was 4.82%.
The average rate one year ago was 2.84%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.05%.
Omaha USDA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Omaha level.
The top Omaha USDA lender as defined by loan originations is Flanagan State Bank, with
14 USDA loans originated. Their average total fees are
$3,880, which is $598
higher than the next largest lender,
IOWA BANKERS MORTGAGE CORPORATION.
The lowest fee Omaha USDA lenders (with over 10 loans originated) are
IOWA BANKERS MORTGAGE CORPORATION ($3,282), Flanagan State Bank ($3,880), CMG MORTGAGE, INC. ($5,442), .
The lowest rate Omaha USDA lenders (with over 10 loans originated) are
Flanagan State Bank (2.87%), CMG MORTGAGE, INC. (2.90%), IOWA BANKERS MORTGAGE CORPORATION (3.00%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Omaha (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $263,650 (12.3%) | $318,021 (11.7%) | 0.97 | 2,079 |
2018-02-01 | $276,975 (8.6%) | $330,951 (11.1%) | 1.00 | 1,914 |
2018-03-01 | $285,000 (6.6%) | $340,158 (11.5%) | 0.99 | 1,955 |
2018-04-01 | $292,700 (8.4%) | $356,711 (14.8%) | 0.98 | 2,036 |
2018-05-01 | $291,000 (6.8%) | $338,709 (6.3%) | 0.97 | 2,166 |
2018-06-01 | $289,900 (7.0%) | $342,042 (7.2%) | 0.97 | 2,442 |
2018-07-01 | $285,000 (6.0%) | $339,607 (7.1%) | 0.95 | 2,615 |
2018-08-01 | $285,000 (9.9%) | $335,826 (8.0%) | 0.95 | 2,731 |
2018-09-01 | $279,000 (7.5%) | $328,655 (5.4%) | 0.93 | 2,889 |
2018-10-01 | $269,700 (5.6%) | $321,402 (3.5%) | 0.90 | 2,958 |
2018-11-01 | $268,250 (2.2%) | $319,770 (0.3%) | 0.90 | 2,888 |
2018-12-01 | $275,900 (6.9%) | $325,412 (3.1%) | 0.94 | 2,518 |
2019-01-01 | $280,456 (6.4%) | $325,685 (2.4%) | 0.97 | 2,231 |
2019-02-01 | $287,500 (3.8%) | $331,714 (0.2%) | 0.96 | 2,078 |
2019-03-01 | $299,633 (5.1%) | $340,832 (0.2%) | 0.98 | 2,020 |
2019-04-01 | $308,405 (5.4%) | $346,156 (-3.0%) | 0.97 | 1,995 |
2019-05-01 | $300,000 (3.1%) | $347,799 (2.7%) | 0.92 | 2,149 |
2019-06-01 | $294,500 (1.6%) | $346,625 (1.3%) | 0.91 | 2,296 |
2019-07-01 | $298,250 (4.7%) | $351,105 (3.4%) | 0.93 | 2,400 |
2019-08-01 | $291,329 (2.2%) | $344,570 (2.6%) | 0.92 | 2,495 |
2019-09-01 | $279,925 (0.3%) | $332,123 (1.1%) | 0.89 | 2,619 |
2019-10-01 | $279,450 (3.6%) | $328,043 (2.1%) | 0.89 | 2,761 |
2019-11-01 | $279,900 (4.3%) | $328,850 (2.8%) | 0.90 | 2,552 |
2019-12-01 | $280,950 (1.8%) | $329,123 (1.1%) | 0.94 | 2,258 |
2020-01-01 | $289,590 (3.3%) | $338,110 (3.8%) | 0.97 | 1,986 |
2020-02-01 | $303,600 (5.6%) | $348,737 (5.1%) | 0.98 | 1,861 |
2020-03-01 | $305,000 (1.8%) | $356,036 (4.5%) | 0.95 | 1,912 |
2020-04-01 | $305,763 (-0.9%) | $354,090 (2.3%) | 0.95 | 2,013 |
2020-05-01 | $315,000 (5.0%) | $363,143 (4.4%) | 0.95 | 1,916 |
2020-06-01 | $320,000 (8.7%) | $370,249 (6.8%) | 0.93 | 1,727 |
2020-07-01 | $323,740 (8.6%) | $375,604 (7.0%) | 0.93 | 1,643 |
2020-08-01 | $314,060 (7.8%) | $367,416 (6.6%) | 0.90 | 1,511 |
2020-09-01 | $308,450 (10.2%) | $368,726 (11.0%) | 0.88 | 1,503 |
2020-10-01 | $295,000 (5.6%) | $363,647 (10.9%) | 0.84 | 1,465 |
2020-11-01 | $288,250 (3.0%) | $356,352 (8.4%) | 0.83 | 1,368 |
2020-12-01 | $290,700 (3.5%) | $358,564 (9.0%) | 0.85 | 1,260 |
2021-01-01 | $309,400 (6.8%) | $366,368 (8.4%) | 0.91 | 1,041 |
2021-02-01 | $321,725 (6.0%) | $383,297 (9.9%) | 0.93 | 831 |
2021-03-01 | $318,200 (4.3%) | $381,018 (7.0%) | 0.89 | 867 |
2021-04-01 | $311,125 (1.8%) | $383,329 (8.3%) | 0.84 | 899 |
2021-05-01 | $300,000 (-4.8%) | $388,139 (6.9%) | 0.79 | 930 |
2021-06-01 | $296,950 (-7.2%) | $379,589 (2.5%) | 0.77 | 1,021 |
2021-07-01 | $288,563 (-10.9%) | $369,790 (-1.6%) | 0.75 | 1,155 |
2021-08-01 | $289,950 (-7.7%) | $366,954 (-0.1%) | 0.76 | 1,200 |
2021-09-01 | $292,000 (-5.3%) | $361,396 (-2.0%) | 0.77 | 1,253 |
2021-10-01 | $285,000 (-3.4%) | $362,149 (-0.4%) | 0.75 | 1,240 |
2021-11-01 | $291,750 (1.2%) | $363,706 (2.1%) | 0.77 | 1,136 |
2021-12-01 | $300,000 (3.2%) | $372,091 (3.8%) | 0.80 | 901 |
2022-01-01 | $370,000 (19.6%) | $411,182 (12.2%) | 0.99 | 683 |
2022-02-01 | $389,480 (21.1%) | $424,584 (10.8%) | 0.99 | 619 |
2022-03-01 | $377,563 (18.7%) | $421,525 (10.6%) | 0.93 | 655 |
2022-04-01 | $375,000 (20.5%) | $425,165 (10.9%) | 0.88 | 724 |
Omaha's median listing price comes in at 88% of the national average.
Omaha's average listing price for 2022-04-01 was $425,165, a difference of $41,836 (10.9%) versus the prior year and $3,640 versus the prior month.
For the 2022-04-01 period, Omaha had 724 MLS listings, a difference of 69 listings (11%) versus the prior month and -175 listings (-19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Omaha (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 63 days | 2,044 sqft |
2018-02-01 | 57 days | 2,144 sqft |
2018-03-01 | 44 days | 2,256 sqft |
2018-04-01 | 37 days | 2,339 sqft |
2018-05-01 | 37 days | 2,310 sqft |
2018-06-01 | 25 days | 2,332 sqft |
2018-07-01 | 30 days | 2,302 sqft |
2018-08-01 | 31 days | 2,306 sqft |
2018-09-01 | 37 days | 2,257 sqft |
2018-10-01 | 38 days | 2,189 sqft |
2018-11-01 | 42 days | 2,153 sqft |
2018-12-01 | 54 days | 2,121 sqft |
2019-01-01 | 57 days | 2,118 sqft |
2019-02-01 | 46 days | 2,179 sqft |
2019-03-01 | 55 days | 2,260 sqft |
2019-04-01 | 32 days | 2,357 sqft |
2019-05-01 | 29 days | 2,359 sqft |
2019-06-01 | 30 days | 2,291 sqft |
2019-07-01 | 33 days | 2,344 sqft |
2019-08-01 | 36 days | 2,287 sqft |
2019-09-01 | 37 days | 2,184 sqft |
2019-10-01 | 35 days | 2,165 sqft |
2019-11-01 | 46 days | 2,140 sqft |
2019-12-01 | 59 days | 2,107 sqft |
2020-01-01 | 62 days | 2,153 sqft |
2020-02-01 | 49 days | 2,195 sqft |
2020-03-01 | 47 days | 2,225 sqft |
2020-04-01 | 41 days | 2,271 sqft |
2020-05-01 | 48 days | 2,344 sqft |
2020-06-01 | 49 days | 2,327 sqft |
2020-07-01 | 44 days | 2,329 sqft |
2020-08-01 | 45 days | 2,254 sqft |
2020-09-01 | 45 days | 2,196 sqft |
2020-10-01 | 46 days | 2,100 sqft |
2020-11-01 | 48 days | 2,016 sqft |
2020-12-01 | 50 days | 1,984 sqft |
2021-01-01 | 56 days | 1,980 sqft |
2021-02-01 | 58 days | 2,090 sqft |
2021-03-01 | 46 days | 2,127 sqft |
2021-04-01 | 39 days | 2,128 sqft |
2021-05-01 | 38 days | 2,161 sqft |
2021-06-01 | 35 days | 2,118 sqft |
2021-07-01 | 34 days | 2,031 sqft |
2021-08-01 | 35 days | 2,035 sqft |
2021-09-01 | 36 days | 1,956 sqft |
2021-10-01 | 38 days | 1,960 sqft |
2021-11-01 | 42 days | 1,914 sqft |
2021-12-01 | 50 days | 1,925 sqft |
2022-01-01 | 49 days | 2,092 sqft |
2022-02-01 | 40 days | 2,191 sqft |
2022-03-01 | 35 days | 2,165 sqft |
2022-04-01 | 32 days | 2,170 sqft |
Omaha's median square footage for active listings during the 2022-04-01 period was 2,170 sqft. One year prior, the average listing was 2,128 sqft.