Oskaloosa USDA Loan Rates, Closing Costs & Stats

Oskaloosa, IA

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    • 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 6.85% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.7% and one month ago for the week of 2024-03-15, the average rate was 6.28%.

    The average rate one year ago was 6.22%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

    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
    Oskaloosa's median listing price for 2024-03-01 was $228,500, a difference of $62,400 (37.6%) versus the prior year and $41,050 versus the prior month.

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

    Oskaloosa's average listing price for 2024-03-01 was $247,009, a difference of $60,099 (32.2%) versus the prior year and $22,746 versus the prior month.

    For the 2024-03-01 period, Oskaloosa had 19 MLS listings, a difference of -1 listings (-5%) versus the prior month and -1 listings (-5%) 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
    Oskaloosa's median listing age (time on market) for 2024-03-01 was 0 days.

    Oskaloosa's median square footage for active listings during the 2024-03-01 period was 1,698 sqft. One year prior, the average listing was 1,452 sqft.