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
6.36%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Oskaloosa's average USDA mortgage closing costs are $3,756.
The average rate for the prior week (2024-11-01) was
6.53% and
one month ago for the week of 2024-10-04, the
average rate was 5.96%.
The average rate one year ago was 7.5%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.68%.
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 |
Oskaloosa's median listing price comes in at 0% of the national average.
Oskaloosa's average listing price for 2024-10-01 was $212,268, a difference of $21,438 (11.2%) versus the prior year and $-26,162 versus the prior month.
For the 2024-10-01 period, Oskaloosa had 48 MLS listings, a difference of 15 listings (45%) versus the prior month and 27 listings (129%) 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 |
Oskaloosa's median square footage for active listings during the 2024-10-01 period was 1,414 sqft. One year prior, the average listing was 1,457 sqft.