Pontiac USDA Loan Rates, Closing Costs & Stats
Pontiac, IL
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.
Pontiac's 9 lenders originated 15 USDA loans during 2023. The total origination value was $1,695,000, with an average USDA loan value of $113,000.
Pontiac USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Pontiac
averaged
0.25%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Pontiac's average USDA mortgage closing costs are $3,922.
The average rate for the prior week (2024-11-22) was
6.65% and
one month ago for the week of 2024-10-25, the
average rate was 6.35%.
The average rate one year ago was 7.15%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.1%.
Pontiac 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 Pontiac level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
Bank of Pontiac | 3 | 7.50% | $3,911 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 6.50% | $5,515 |
Flanagan State Bank | 2 | 6.63% | $6,018 |
FLAT BRANCH MORTGAGE, INC. | 2 | 6.88% | $4,283 |
COMPASS MORTGAGE, INC. | 1 | 6.25% | $4,403 |
Wells Fargo Bank | 1 | 6.13% | $1,762 |
ROYAL UNITED MORTGAGE LLC | 1 | 7.13% | $5,591 |
The First National Bank of Ottawa | 1 | 7.38% | $5,155 |
Flagstar Bank, FSB | 1 | 6.25% | $5,122 |
The top Pontiac USDA lender as defined by loan originations is Bank of Pontiac, with
3 USDA loans originated. Their average total fees are
$3,911, which is $1,604
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Pontiac USDA lenders (with over 10 loans originated) are
.
The lowest rate Pontiac USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Pontiac (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 | $90,000 (-1.4%) | $118,876 (4.6%) | 0.00 | 221 |
2018-02-01 | $90,250 (-2.6%) | $117,456 (1.0%) | 0.00 | 212 |
2018-03-01 | $92,450 (-7.2%) | $117,547 (-2.8%) | 0.00 | 211 |
2018-04-01 | $94,400 (-8.8%) | $117,008 (-7.0%) | 0.00 | 195 |
2018-05-01 | $94,425 (-9.0%) | $114,065 (-10.2%) | 0.00 | 187 |
2018-06-01 | $94,000 (-7.3%) | $115,761 (-9.3%) | 0.00 | 191 |
2018-07-01 | $94,375 (-7.0%) | $114,760 (-12.2%) | 0.00 | 199 |
2018-08-01 | $99,900 (0.8%) | $118,212 (-7.1%) | 0.00 | 202 |
2018-09-01 | $99,900 (0.4%) | $117,806 (-6.0%) | 0.00 | 179 |
2018-10-01 | $100,200 (3.1%) | $119,658 (-3.3%) | 0.00 | 173 |
2018-11-01 | $99,500 (4.9%) | $119,400 (-3.6%) | 0.00 | 170 |
2018-12-01 | $99,900 (6.1%) | $118,737 (-2.4%) | 0.00 | 162 |
2019-01-01 | $101,800 (13.1%) | $119,035 (0.1%) | 0.00 | 164 |
2019-02-01 | $99,900 (10.7%) | $116,953 (-0.4%) | 0.00 | 163 |
2019-03-01 | $96,300 (4.2%) | $112,905 (-4.0%) | 0.00 | 156 |
2019-04-01 | $90,700 (-3.9%) | $110,634 (-5.5%) | 0.00 | 156 |
2019-05-01 | $92,000 (-2.6%) | $115,756 (1.5%) | 0.00 | 156 |
2019-06-01 | $98,250 (4.5%) | $119,462 (3.2%) | 0.00 | 171 |
2019-07-01 | $99,900 (5.9%) | $121,469 (5.9%) | 0.00 | 168 |
2019-08-01 | $97,200 (-2.7%) | $119,780 (1.3%) | 0.00 | 165 |
2019-09-01 | $93,150 (-6.8%) | $119,770 (1.7%) | 0.00 | 163 |
2019-10-01 | $90,450 (-9.7%) | $119,679 (0.0%) | 0.00 | 165 |
2019-11-01 | $95,000 (-4.5%) | $119,204 (-0.2%) | 0.00 | 178 |
2019-12-01 | $97,425 (-2.5%) | $116,865 (-1.6%) | 0.00 | 180 |
2020-01-01 | $99,900 (-1.9%) | $118,170 (-0.7%) | 0.00 | 179 |
2020-02-01 | $99,450 (-0.5%) | $116,994 (0.0%) | 0.00 | 168 |
2020-03-01 | $100,600 (4.5%) | $120,362 (6.6%) | 0.00 | 152 |
2020-04-01 | $109,900 (21.2%) | $126,117 (14.0%) | 0.00 | 135 |
2020-05-01 | $112,000 (21.7%) | $126,603 (9.4%) | 0.00 | 129 |
2020-06-01 | $111,225 (13.2%) | $128,060 (7.2%) | 0.00 | 122 |
2020-07-01 | $111,200 (11.3%) | $128,415 (5.7%) | 0.00 | 121 |
2020-08-01 | $105,950 (9.0%) | $130,704 (9.1%) | 0.00 | 117 |
2020-09-01 | $111,200 (19.4%) | $131,358 (9.7%) | 0.00 | 99 |
2020-10-01 | $99,900 (10.5%) | $131,745 (10.1%) | 0.00 | 85 |
2020-11-01 | $102,200 (7.6%) | $123,257 (3.4%) | 0.00 | 90 |
2020-12-01 | $102,500 (5.2%) | $123,756 (5.9%) | 0.00 | 86 |
2021-01-01 | $100,000 (0.1%) | $125,314 (6.1%) | 0.00 | 86 |
2021-02-01 | $100,425 (1.0%) | $124,534 (6.4%) | 0.00 | 71 |
2021-03-01 | $113,075 (12.4%) | $134,804 (12.0%) | 0.00 | 64 |
2021-04-01 | $107,400 (-2.3%) | $136,163 (8.0%) | 0.00 | 55 |
2021-05-01 | $109,900 (-1.9%) | $152,737 (20.6%) | 0.00 | 47 |
2021-06-01 | $122,450 (10.1%) | $157,578 (23.1%) | 0.00 | 52 |
2021-07-01 | $129,900 (16.8%) | $163,895 (27.6%) | 0.00 | 63 |
2021-08-01 | $127,425 (20.3%) | $163,019 (24.7%) | 0.00 | 66 |
2021-09-01 | $137,750 (23.9%) | $168,799 (28.5%) | 0.00 | 62 |
2021-10-01 | $127,750 (27.9%) | $150,291 (14.1%) | 0.00 | 67 |
2021-11-01 | $132,475 (29.6%) | $159,947 (29.8%) | 0.00 | 71 |
2021-12-01 | $121,425 (18.5%) | $147,388 (19.1%) | 0.00 | 60 |
2022-01-01 | $110,000 (10.0%) | $138,469 (10.5%) | 0.00 | 45 |
2022-02-01 | $101,900 (1.5%) | $137,464 (10.4%) | 0.00 | 39 |
2022-03-01 | $129,225 (14.3%) | $171,540 (27.3%) | 0.00 | 35 |
2022-04-01 | $128,250 (19.4%) | $159,363 (17.0%) | 0.00 | 31 |
2022-05-01 | $136,200 (23.9%) | $176,421 (15.5%) | 0.00 | 34 |
2022-06-01 | $167,450 (36.8%) | $184,043 (16.8%) | 0.00 | 34 |
2022-07-01 | $149,900 (15.4%) | $167,715 (2.3%) | 0.00 | 45 |
2022-08-01 | $139,900 (9.8%) | $168,810 (3.6%) | 0.00 | 52 |
2022-09-01 | $138,675 (0.7%) | $166,040 (-1.6%) | 0.00 | 57 |
2022-10-01 | $144,900 (13.4%) | $161,840 (7.7%) | 0.00 | 54 |
2022-11-01 | $139,900 (5.6%) | $157,849 (-1.3%) | 0.00 | 57 |
2022-12-01 | $149,900 (23.5%) | $160,730 (9.1%) | 0.00 | 58 |
2023-01-01 | $148,675 (35.2%) | $167,291 (20.8%) | 0.00 | 46 |
2023-02-01 | $146,200 (43.5%) | $164,395 (19.6%) | 0.00 | 44 |
2023-03-01 | $144,975 (12.2%) | $167,333 (-2.5%) | 0.00 | 31 |
2023-04-01 | $138,900 (8.3%) | $163,093 (2.3%) | 0.00 | 38 |
2023-05-01 | $130,725 (-4.0%) | $142,404 (-19.3%) | 0.00 | 33 |
2023-06-01 | $145,000 (-13.4%) | $165,752 (-9.9%) | 0.00 | 38 |
2023-07-01 | $145,000 (-3.3%) | $162,236 (-3.3%) | 0.00 | 39 |
2023-08-01 | $137,500 (-1.7%) | $172,082 (1.9%) | 0.00 | 39 |
2023-09-01 | $140,000 (1.0%) | $169,492 (2.1%) | 0.00 | 41 |
2023-10-01 | $130,675 (-9.8%) | $161,731 (-0.1%) | 0.00 | 43 |
2023-11-01 | $148,425 (6.1%) | $170,851 (8.2%) | 0.00 | 51 |
2023-12-01 | $129,900 (-13.3%) | $162,272 (1.0%) | 0.00 | 50 |
2024-01-01 | $139,925 (-5.9%) | $177,801 (6.3%) | 0.00 | 48 |
2024-02-01 | $129,900 (-11.2%) | $169,252 (3.0%) | 0.00 | 47 |
2024-03-01 | $142,450 (-1.7%) | $178,330 (6.6%) | 0.00 | 34 |
2024-04-01 | $131,150 (-5.6%) | $170,983 (4.8%) | 0.00 | 31 |
2024-05-01 | $159,900 (22.3%) | $196,664 (38.1%) | 0.00 | 26 |
2024-06-01 | $155,000 (6.9%) | $181,321 (9.4%) | 0.00 | 32 |
2024-07-01 | $164,950 (13.8%) | $184,367 (13.6%) | 0.00 | 43 |
2024-08-01 | $184,900 (34.5%) | $203,824 (18.5%) | 0.00 | 46 |
2024-09-01 | $187,200 (33.7%) | $216,420 (27.7%) | 0.00 | 54 |
2024-10-01 | $156,250 (19.6%) | $192,930 (19.3%) | 0.00 | 55 |
Pontiac's median listing price comes in at 0% of the national average.
Pontiac's average listing price for 2024-10-01 was $192,930, a difference of $31,199 (19.3%) versus the prior year and $-23,490 versus the prior month.
For the 2024-10-01 period, Pontiac had 55 MLS listings, a difference of 1 listings (2%) versus the prior month and 12 listings (28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Pontiac (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,514 sqft |
2018-02-01 | 0 days | 1,517 sqft |
2018-03-01 | 0 days | 1,550 sqft |
2018-04-01 | 0 days | 1,500 sqft |
2018-05-01 | 0 days | 1,524 sqft |
2018-06-01 | 0 days | 1,568 sqft |
2018-07-01 | 0 days | 1,566 sqft |
2018-08-01 | 0 days | 1,575 sqft |
2018-09-01 | 0 days | 1,616 sqft |
2018-10-01 | 0 days | 1,630 sqft |
2018-11-01 | 0 days | 1,619 sqft |
2018-12-01 | 0 days | 1,621 sqft |
2019-01-01 | 0 days | 1,617 sqft |
2019-02-01 | 0 days | 1,592 sqft |
2019-03-01 | 0 days | 1,540 sqft |
2019-04-01 | 0 days | 1,529 sqft |
2019-05-01 | 0 days | 1,539 sqft |
2019-06-01 | 0 days | 1,540 sqft |
2019-07-01 | 0 days | 1,523 sqft |
2019-08-01 | 0 days | 1,523 sqft |
2019-09-01 | 0 days | 1,523 sqft |
2019-10-01 | 0 days | 1,523 sqft |
2019-11-01 | 0 days | 1,565 sqft |
2019-12-01 | 0 days | 1,573 sqft |
2020-01-01 | 0 days | 1,580 sqft |
2020-02-01 | 0 days | 1,565 sqft |
2020-03-01 | 0 days | 1,569 sqft |
2020-04-01 | 0 days | 1,566 sqft |
2020-05-01 | 0 days | 1,663 sqft |
2020-06-01 | 0 days | 1,660 sqft |
2020-07-01 | 0 days | 1,615 sqft |
2020-08-01 | 0 days | 1,617 sqft |
2020-09-01 | 0 days | 1,632 sqft |
2020-10-01 | 0 days | 1,623 sqft |
2020-11-01 | 0 days | 1,592 sqft |
2020-12-01 | 0 days | 1,604 sqft |
2021-01-01 | 0 days | 1,608 sqft |
2021-02-01 | 0 days | 1,632 sqft |
2021-03-01 | 0 days | 1,673 sqft |
2021-04-01 | 0 days | 1,644 sqft |
2021-05-01 | 0 days | 1,643 sqft |
2021-06-01 | 0 days | 1,687 sqft |
2021-07-01 | 0 days | 1,693 sqft |
2021-08-01 | 0 days | 1,678 sqft |
2021-09-01 | 0 days | 1,728 sqft |
2021-10-01 | 0 days | 1,785 sqft |
2021-11-01 | 0 days | 1,865 sqft |
2021-12-01 | 0 days | 1,752 sqft |
2022-01-01 | 0 days | 1,599 sqft |
2022-02-01 | 0 days | 1,501 sqft |
2022-03-01 | 0 days | 1,546 sqft |
2022-04-01 | 0 days | 1,554 sqft |
2022-05-01 | 0 days | 1,659 sqft |
2022-06-01 | 0 days | 1,731 sqft |
2022-07-01 | 0 days | 1,665 sqft |
2022-08-01 | 0 days | 1,551 sqft |
2022-09-01 | 0 days | 1,548 sqft |
2022-10-01 | 0 days | 1,532 sqft |
2022-11-01 | 0 days | 1,573 sqft |
2022-12-01 | 0 days | 1,615 sqft |
2023-01-01 | 0 days | 1,556 sqft |
2023-02-01 | 0 days | 1,611 sqft |
2023-03-01 | 0 days | 1,556 sqft |
2023-04-01 | 0 days | 1,581 sqft |
2023-05-01 | 0 days | 1,552 sqft |
2023-06-01 | 0 days | 1,594 sqft |
2023-07-01 | 0 days | 1,547 sqft |
2023-08-01 | 0 days | 1,575 sqft |
2023-09-01 | 0 days | 1,552 sqft |
2023-10-01 | 0 days | 1,627 sqft |
2023-11-01 | 0 days | 1,643 sqft |
2023-12-01 | 0 days | 1,714 sqft |
2024-01-01 | 0 days | 1,736 sqft |
2024-02-01 | 0 days | 1,644 sqft |
2024-03-01 | 0 days | 1,703 sqft |
2024-04-01 | 0 days | 1,621 sqft |
2024-05-01 | 0 days | 1,631 sqft |
2024-06-01 | 0 days | 1,528 sqft |
2024-07-01 | 0 days | 1,586 sqft |
2024-08-01 | 0 days | 1,640 sqft |
2024-09-01 | 0 days | 1,742 sqft |
2024-10-01 | 0 days | 1,640 sqft |
Pontiac's median square footage for active listings during the 2024-10-01 period was 1,640 sqft. One year prior, the average listing was 1,627 sqft.