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 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 0% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2025-06-27) was 6.64% and one month ago for the week of 2025-05-30, the average rate was 6.82%.

The average rate one year ago was 6.82%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.28%.

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 .