Oskaloosa USDA Loan Rates, Closing Costs & Stats

Oskaloosa, 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.

Oskaloosa's 5 lenders originated 9 USDA loans during 2023. The total origination value was $1,385,000, with an average USDA loan value of $153,889.

Oskaloosa USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Oskaloosa averaged 6.21% for the week of 2024-12-06, compared to the national average (all USDA variants) of 6.328% for the same period.

Oskaloosa's average USDA mortgage closing costs are $3,756.

The average rate for the prior week (2024-11-29) was 6.29% and one month ago for the week of 2024-11-01, the average rate was 6.43%.

The average rate one year ago was 7.05%.

For refis of the same type during the week of 2024-12-06, the average rate was 6.13%.

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

Oskaloosa 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 Oskaloosa level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Great Southern Bank 4 6.66% $4,615
MidWestOne Bank 2 5.50% $4,781
Bank Iowa 1 7.25% $5,464
HOMESERVICES LENDING, LLC 1 6.13% $5,426
IOWA BANKERS MORTGAGE CORPORATION 1 6.88% $4,771

The top Oskaloosa USDA lender as defined by loan originations is Great Southern Bank, with 4 USDA loans originated. Their average total fees are $4,615, which is $167 lower than the next largest lender, MidWestOne Bank.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Oskaloosa (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 $112,900 (14.7%) $128,872 (-4.2%) 0.00 53
2018-02-01 $121,225 (27.6%) $134,177 (1.9%) 0.00 48
2018-03-01 $102,450 (3.6%) $126,313 (-7.0%) 0.00 48
2018-04-01 $119,900 (5.5%) $139,764 (0.0%) 0.00 49
2018-05-01 $133,700 (17.1%) $146,105 (3.3%) 0.00 52
2018-06-01 $127,500 (14.7%) $151,505 (7.7%) 0.00 53
2018-07-01 $154,900 (35.4%) $162,701 (15.8%) 0.00 56
2018-08-01 $149,700 (24.8%) $160,941 (10.8%) 0.00 54
2018-09-01 $135,000 (12.6%) $163,046 (18.2%) 0.00 55
2018-10-01 $132,500 (16.3%) $167,005 (22.4%) 0.00 60
2018-11-01 $147,900 (37.7%) $170,477 (30.4%) 0.00 59
2018-12-01 $149,900 (32.8%) $169,195 (28.9%) 0.00 60
2019-01-01 $124,900 (10.6%) $156,070 (21.1%) 0.00 51
2019-02-01 $115,175 (-5.0%) $148,035 (10.3%) 0.00 45
2019-03-01 $133,457 (30.3%) $158,905 (25.8%) 0.00 45
2019-04-01 $144,975 (20.9%) $167,115 (19.6%) 0.00 45
2019-05-01 $149,825 (12.1%) $171,684 (17.5%) 0.00 47
2019-06-01 $147,400 (15.6%) $174,217 (15.0%) 0.00 54
2019-07-01 $139,000 (-10.3%) $160,492 (-1.4%) 0.00 62
2019-08-01 $137,364 (-8.2%) $157,165 (-2.4%) 0.00 65
2019-09-01 $136,034 (0.8%) $155,916 (-4.4%) 0.00 63
2019-10-01 $135,148 (2.0%) $155,088 (-7.1%) 0.00 64
2019-11-01 $144,900 (-2.0%) $170,704 (0.1%) 0.00 70
2019-12-01 $144,900 (-3.3%) $170,505 (0.8%) 0.00 59
2020-01-01 $144,950 (16.1%) $173,100 (10.9%) 0.00 58
2020-02-01 $144,900 (25.8%) $169,405 (14.4%) 0.00 56
2020-03-01 $129,875 (-2.7%) $153,163 (-3.6%) 0.00 52
2020-04-01 $123,750 (-14.6%) $152,941 (-8.5%) 0.00 48
2020-05-01 $137,400 (-8.3%) $152,165 (-11.4%) 0.00 44
2020-06-01 $136,650 (-7.3%) $155,137 (-11.0%) 0.00 39
2020-07-01 $144,900 (4.2%) $161,800 (0.8%) 0.00 38
2020-08-01 $144,900 (5.5%) $155,118 (-1.3%) 0.00 39
2020-09-01 $123,750 (-9.0%) $141,301 (-9.4%) 0.00 40
2020-10-01 $109,000 (-19.4%) $137,227 (-11.5%) 0.00 43
2020-11-01 $123,450 (-14.8%) $143,627 (-15.9%) 0.00 41
2020-12-01 $121,300 (-16.3%) $149,483 (-12.3%) 0.00 37
2021-01-01 $121,250 (-16.4%) $142,907 (-17.4%) 0.00 33
2021-02-01 $127,400 (-12.1%) $147,551 (-12.9%) 0.00 30
2021-03-01 $109,900 (-15.4%) $133,275 (-13.0%) 0.00 26
2021-04-01 $117,384 (-5.1%) $149,826 (-2.0%) 0.00 25
2021-05-01 $129,900 (-5.5%) $157,642 (3.6%) 0.00 23
2021-06-01 $168,450 (23.3%) $209,535 (35.1%) 0.00 24
2021-07-01 $179,500 (23.9%) $235,391 (45.5%) 0.00 21
2021-08-01 $154,700 (6.8%) $177,373 (14.4%) 0.00 34
2021-09-01 $144,400 (16.7%) $167,472 (18.5%) 0.00 36
2021-10-01 $139,900 (28.4%) $161,439 (17.6%) 0.00 45
2021-11-01 $137,450 (11.3%) $175,683 (22.3%) 0.00 34
2021-12-01 $139,900 (15.3%) $162,050 (8.4%) 0.00 27
2022-01-01 $120,000 (-1.0%) $169,513 (18.6%) 0.00 24
2022-02-01 $131,000 (2.8%) $181,357 (22.9%) 0.00 18
2022-03-01 $146,500 (33.3%) $211,415 (58.6%) 0.00 17
2022-04-01 $160,000 (36.3%) $217,582 (45.2%) 0.00 18
2022-05-01 $176,250 (35.7%) $221,394 (40.4%) 0.00 27
2022-06-01 $171,200 (1.6%) $184,602 (-11.9%) 0.00 33
2022-07-01 $174,900 (-2.6%) $191,267 (-18.8%) 0.00 43
2022-08-01 $177,225 (14.6%) $207,176 (16.8%) 0.00 39
2022-09-01 $189,500 (31.2%) $218,872 (30.7%) 0.00 37
2022-10-01 $175,000 (25.1%) $191,197 (18.4%) 0.00 27
2022-11-01 $167,400 (21.8%) $183,099 (4.2%) 0.00 25
2022-12-01 $155,000 (10.8%) $189,269 (16.8%) 0.00 25
2023-01-01 $178,700 (48.9%) $203,951 (20.3%) 0.00 23
2023-02-01 $168,250 (28.4%) $186,306 (2.7%) 0.00 22
2023-03-01 $166,100 (13.4%) $186,910 (-11.6%) 0.00 20
2023-04-01 $189,500 (18.4%) $216,348 (-0.6%) 0.00 12
2023-05-01 $179,900 (2.1%) $209,354 (-5.4%) 0.00 14
2023-06-01 $193,950 (13.3%) $223,368 (21.0%) 0.00 19
2023-07-01 $215,000 (22.9%) $225,393 (17.8%) 0.00 15
2023-08-01 $188,950 (6.6%) $218,425 (5.4%) 0.00 21
2023-09-01 $175,000 (-7.7%) $214,957 (-1.8%) 0.00 23
2023-10-01 $168,450 (-3.7%) $190,830 (-0.2%) 0.00 21
2023-11-01 $209,675 (25.3%) $222,634 (21.6%) 0.00 21
2023-12-01 $209,900 (35.4%) $223,963 (18.3%) 0.00 22
2024-01-01 $158,975 (-11.0%) $208,842 (2.4%) 0.00 22
2024-02-01 $187,450 (11.4%) $224,263 (20.4%) 0.00 20
2024-03-01 $228,500 (37.6%) $247,009 (32.2%) 0.00 19
2024-04-01 $239,950 (26.6%) $251,024 (16.0%) 0.00 18
2024-05-01 $198,975 (10.6%) $211,469 (1.0%) 0.00 21
2024-06-01 $204,950 (5.7%) $224,722 (0.6%) 0.00 19
2024-07-01 $215,000 (0.0%) $231,934 (2.9%) 0.00 29
2024-08-01 $229,450 (21.4%) $245,849 (12.6%) 0.00 34
2024-09-01 $227,175 (29.8%) $238,430 (10.9%) 0.00 33
2024-10-01 $189,900 (12.7%) $212,268 (11.2%) 0.00 48
2024-11-01 $189,950 (-9.4%) $212,675 (-4.5%) 0.00 49
Oskaloosa's median listing price for 2024-11-01 was $189,950, a difference of $-19,725 (-9.4%) versus the prior year and $50 versus the prior month.

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

Oskaloosa's average listing price for 2024-11-01 was $212,675, a difference of $-9,959 (-4.5%) versus the prior year and $407 versus the prior month.

For the 2024-11-01 period, Oskaloosa had 49 MLS listings, a difference of 1 listings (2%) versus the prior month and 28 listings (133%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Oskaloosa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,580 sqft
2018-02-01 0 days 1,563 sqft
2018-03-01 0 days 1,460 sqft
2018-04-01 0 days 1,429 sqft
2018-05-01 0 days 1,443 sqft
2018-06-01 0 days 1,512 sqft
2018-07-01 0 days 1,580 sqft
2018-08-01 0 days 1,689 sqft
2018-09-01 0 days 1,704 sqft
2018-10-01 0 days 1,600 sqft
2018-11-01 0 days 1,592 sqft
2018-12-01 0 days 1,512 sqft
2019-01-01 0 days 1,432 sqft
2019-02-01 0 days 1,360 sqft
2019-03-01 0 days 1,449 sqft
2019-04-01 0 days 1,521 sqft
2019-05-01 0 days 1,525 sqft
2019-06-01 0 days 1,459 sqft
2019-07-01 0 days 1,401 sqft
2019-08-01 0 days 1,398 sqft
2019-09-01 0 days 1,392 sqft
2019-10-01 0 days 1,388 sqft
2019-11-01 0 days 1,472 sqft
2019-12-01 0 days 1,532 sqft
2020-01-01 0 days 1,773 sqft
2020-02-01 0 days 1,574 sqft
2020-03-01 0 days 1,525 sqft
2020-04-01 0 days 1,549 sqft
2020-05-01 0 days 1,462 sqft
2020-06-01 0 days 1,443 sqft
2020-07-01 0 days 1,480 sqft
2020-08-01 0 days 1,436 sqft
2020-09-01 0 days 1,429 sqft
2020-10-01 0 days 1,290 sqft
2020-11-01 0 days 1,406 sqft
2020-12-01 0 days 1,416 sqft
2021-01-01 0 days 1,446 sqft
2021-02-01 0 days 1,442 sqft
2021-03-01 0 days 1,374 sqft
2021-04-01 0 days 1,413 sqft
2021-05-01 0 days 1,428 sqft
2021-06-01 0 days 1,584 sqft
2021-07-01 0 days 1,543 sqft
2021-08-01 0 days 1,268 sqft
2021-09-01 0 days 1,275 sqft
2021-10-01 0 days 1,285 sqft
2021-11-01 0 days 1,285 sqft
2021-12-01 0 days 1,424 sqft
2022-01-01 0 days 1,732 sqft
2022-02-01 0 days 1,696 sqft
2022-03-01 0 days 1,557 sqft
2022-04-01 0 days 1,690 sqft
2022-05-01 0 days 1,709 sqft
2022-06-01 0 days 1,482 sqft
2022-07-01 0 days 1,520 sqft
2022-08-01 0 days 1,531 sqft
2022-09-01 0 days 1,518 sqft
2022-10-01 0 days 1,583 sqft
2022-11-01 0 days 1,523 sqft
2022-12-01 0 days 1,435 sqft
2023-01-01 0 days 1,499 sqft
2023-02-01 0 days 1,435 sqft
2023-03-01 0 days 1,452 sqft
2023-04-01 0 days 1,403 sqft
2023-05-01 0 days 1,302 sqft
2023-06-01 0 days 1,486 sqft
2023-07-01 0 days 1,344 sqft
2023-08-01 0 days 1,460 sqft
2023-09-01 0 days 1,456 sqft
2023-10-01 0 days 1,457 sqft
2023-11-01 0 days 1,544 sqft
2023-12-01 0 days 1,449 sqft
2024-01-01 0 days 1,482 sqft
2024-02-01 0 days 1,534 sqft
2024-03-01 0 days 1,698 sqft
2024-04-01 0 days 1,587 sqft
2024-05-01 0 days 1,563 sqft
2024-06-01 0 days 1,621 sqft
2024-07-01 0 days 1,565 sqft
2024-08-01 0 days 1,528 sqft
2024-09-01 0 days 1,542 sqft
2024-10-01 0 days 1,414 sqft
2024-11-01 0 days 1,322 sqft
Oskaloosa's median listing age (time on market) for 2024-11-01 was 0 days.

Oskaloosa's median square footage for active listings during the 2024-11-01 period was 1,322 sqft. One year prior, the average listing was 1,544 sqft.