Quincy USDA Loan Rates, Closing Costs & Stats

Quincy, IL-MO

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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.

    Quincy's 8 lenders originated 16 USDA loans during 2023. The total origination value was $2,040,000, with an average USDA loan value of $127,500.

    Quincy USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Quincy averaged 6.34% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Quincy's average USDA mortgage closing costs are $3,672.

    The average rate for the prior week (2025-02-07) was 6.6% and one month ago for the week of 2025-01-10, the average rate was 6.74%.

    The average rate one year ago was 6.53%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.33%.

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

    Quincy 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 Quincy level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    THOMPSON KANE & COMPANY, LLC 6 6.92% $4,281
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 3 7.50% $4,824
    GERSHMAN INVESTMENT CORP. 2 7.19% $3,740
    Bank of England 1 6.25% $11,100
    FLAT BRANCH MORTGAGE, INC. 1 7.50% $7,214
    First Bankers Trust Company 1 7.13% $3,803
    Community Mortgage Banc Corporation 1 6.25% $3,767
    Financial Funding Solutions, Inc. 1 6.50% $4,987

    The top Quincy USDA lender as defined by loan originations is THOMPSON KANE & COMPANY, LLC, with 6 USDA loans originated. Their average total fees are $4,281, which is $542 lower than the next largest lender, DIAMOND RESIDENTIAL MORTGAGE CORPORATION.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Quincy (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 $115,000 (-1.3%) $153,095 (-5.0%) 0.00 269
    2018-02-01 $118,350 (-4.6%) $151,863 (-9.6%) 0.00 295
    2018-03-01 $125,000 (-2.7%) $158,261 (-8.5%) 0.00 291
    2018-04-01 $128,200 (-1.3%) $163,627 (-6.6%) 0.00 297
    2018-05-01 $130,950 (-1.5%) $168,286 (-5.5%) 0.00 293
    2018-06-01 $138,000 (7.2%) $174,262 (-0.5%) 0.00 300
    2018-07-01 $134,975 (8.0%) $172,197 (-0.4%) 0.00 304
    2018-08-01 $137,875 (14.9%) $173,543 (2.8%) 0.00 303
    2018-09-01 $138,500 (11.7%) $171,675 (1.1%) 0.00 311
    2018-10-01 $131,000 (6.9%) $164,776 (-0.2%) 0.00 329
    2018-11-01 $134,350 (12.1%) $166,613 (5.4%) 0.00 315
    2018-12-01 $127,000 (7.9%) $163,941 (5.6%) 0.00 303
    2019-01-01 $125,950 (9.5%) $161,806 (5.7%) 0.00 285
    2019-02-01 $128,100 (8.2%) $165,052 (8.7%) 0.00 290
    2019-03-01 $128,957 (3.2%) $166,459 (5.2%) 0.00 311
    2019-04-01 $129,900 (1.3%) $168,393 (2.9%) 0.00 321
    2019-05-01 $132,600 (1.3%) $165,291 (-1.8%) 0.00 316
    2019-06-01 $136,750 (-0.9%) $167,332 (-4.0%) 0.00 303
    2019-07-01 $135,475 (0.4%) $165,609 (-3.8%) 0.00 307
    2019-08-01 $136,091 (-1.3%) $166,078 (-4.3%) 0.00 317
    2019-09-01 $137,727 (-0.6%) $167,926 (-2.2%) 0.00 322
    2019-10-01 $139,250 (6.3%) $169,451 (2.8%) 0.00 325
    2019-11-01 $140,900 (4.9%) $171,862 (3.2%) 0.00 316
    2019-12-01 $141,875 (11.7%) $174,271 (6.3%) 0.00 305
    2020-01-01 $139,900 (11.1%) $172,217 (6.4%) 0.00 236
    2020-02-01 $139,900 (9.2%) $174,035 (5.4%) 0.00 214
    2020-03-01 $145,325 (12.7%) $176,931 (6.3%) 0.00 214
    2020-04-01 $141,875 (9.2%) $179,556 (6.6%) 0.00 213
    2020-05-01 $141,200 (6.5%) $182,176 (10.2%) 0.00 292
    2020-06-01 $149,000 (9.0%) $187,400 (12.0%) 0.00 299
    2020-07-01 $147,750 (9.1%) $188,636 (13.9%) 0.00 294
    2020-08-01 $145,000 (6.6%) $185,095 (11.5%) 0.00 280
    2020-09-01 $143,325 (4.1%) $179,374 (6.8%) 0.00 269
    2020-10-01 $144,450 (3.7%) $179,812 (6.1%) 0.00 250
    2020-11-01 $141,200 (0.2%) $174,355 (1.5%) 0.00 245
    2020-12-01 $129,700 (-8.6%) $162,286 (-6.9%) 0.00 216
    2021-01-01 $127,600 (-8.8%) $163,416 (-5.1%) 0.00 191
    2021-02-01 $128,650 (-8.0%) $164,510 (-5.5%) 0.00 188
    2021-03-01 $126,300 (-13.1%) $171,078 (-3.3%) 0.00 169
    2021-04-01 $128,650 (-9.3%) $175,188 (-2.4%) 0.00 185
    2021-05-01 $128,900 (-8.7%) $181,440 (-0.4%) 0.00 171
    2021-06-01 $131,100 (-12.0%) $183,261 (-2.2%) 0.00 156
    2021-07-01 $133,000 (-10.0%) $185,505 (-1.7%) 0.00 183
    2021-08-01 $120,450 (-16.9%) $178,229 (-3.7%) 0.00 179
    2021-09-01 $124,900 (-12.9%) $173,489 (-3.3%) 0.00 174
    2021-10-01 $135,000 (-6.5%) $188,876 (5.0%) 0.00 178
    2021-11-01 $135,000 (-4.4%) $198,082 (13.6%) 0.00 155
    2021-12-01 $139,500 (7.6%) $202,683 (24.9%) 0.00 139
    2022-01-01 $129,900 (1.8%) $207,362 (26.9%) 0.00 107
    2022-02-01 $128,150 (-0.4%) $205,424 (24.9%) 0.00 123
    2022-03-01 $129,950 (2.9%) $230,172 (34.5%) 0.00 105
    2022-04-01 $147,450 (14.6%) $231,409 (32.1%) 0.00 109
    2022-05-01 $149,900 (16.3%) $224,146 (23.5%) 0.00 128
    2022-06-01 $146,125 (11.5%) $217,443 (18.7%) 0.00 140
    2022-07-01 $154,500 (16.2%) $210,889 (13.7%) 0.00 108
    2022-08-01 $162,200 (34.7%) $203,085 (14.0%) 0.00 114
    2022-09-01 $163,475 (30.9%) $203,154 (17.1%) 0.00 134
    2022-10-01 $149,900 (11.0%) $199,452 (5.6%) 0.00 136
    2022-11-01 $139,900 (3.6%) $187,085 (-5.6%) 0.00 134
    2022-12-01 $129,900 (-6.9%) $174,056 (-14.1%) 0.00 110
    2023-01-01 $130,875 (0.8%) $188,264 (-9.2%) 0.00 103
    2023-02-01 $139,975 (9.2%) $200,529 (-2.4%) 0.00 105
    2023-03-01 $171,225 (31.8%) $209,131 (-9.1%) 0.00 99
    2023-04-01 $162,400 (10.1%) $208,848 (-9.8%) 0.00 92
    2023-05-01 $172,450 (15.0%) $223,547 (-0.3%) 0.00 113
    2023-06-01 $171,100 (17.1%) $217,788 (0.2%) 0.00 113
    2023-07-01 $170,000 (10.0%) $205,997 (-2.3%) 0.00 126
    2023-08-01 $163,725 (0.9%) $192,413 (-5.3%) 0.00 123
    2023-09-01 $169,900 (3.9%) $207,671 (2.2%) 0.00 115
    2023-10-01 $169,900 (13.3%) $201,163 (0.9%) 0.00 132
    2023-11-01 $148,500 (6.2%) $184,784 (-1.2%) 0.00 137
    2023-12-01 $145,000 (11.6%) $179,092 (2.9%) 0.00 131
    2024-01-01 $149,900 (14.5%) $194,937 (3.5%) 0.00 125
    2024-02-01 $142,450 (1.8%) $185,292 (-7.6%) 0.00 111
    2024-03-01 $149,450 (-12.7%) $190,924 (-8.7%) 0.00 121
    2024-04-01 $144,975 (-10.7%) $206,521 (-1.1%) 0.00 120
    2024-05-01 $160,500 (-6.9%) $219,718 (-1.7%) 0.00 117
    2024-06-01 $155,000 (-9.4%) $217,504 (-0.1%) 0.00 126
    2024-07-01 $179,425 (5.5%) $248,361 (20.6%) 0.00 139
    2024-08-01 $174,500 (6.6%) $243,272 (26.4%) 0.00 121
    2024-09-01 $180,175 (6.1%) $243,730 (17.4%) 0.00 132
    2024-10-01 $187,450 (10.3%) $252,237 (25.4%) 0.00 138
    2024-11-01 $194,450 (30.9%) $248,096 (34.3%) 0.00 149
    2024-12-01 $198,425 (36.8%) $248,743 (38.9%) 0.00 143
    2025-01-01 $193,750 (29.3%) $241,716 (24.0%) 0.00 137
    Quincy's median listing price for 2025-01-01 was $193,750, a difference of $43,850 (29.3%) versus the prior year and $-4,675 versus the prior month.

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

    Quincy's average listing price for 2025-01-01 was $241,716, a difference of $46,779 (24.0%) versus the prior year and $-7,027 versus the prior month.

    For the 2025-01-01 period, Quincy had 137 MLS listings, a difference of -6 listings (-4%) versus the prior month and 12 listings (10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Quincy (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,561 sqft
    2018-02-01 0 days 1,574 sqft
    2018-03-01 0 days 1,576 sqft
    2018-04-01 0 days 1,582 sqft
    2018-05-01 0 days 1,536 sqft
    2018-06-01 0 days 1,576 sqft
    2018-07-01 0 days 1,568 sqft
    2018-08-01 0 days 1,598 sqft
    2018-09-01 0 days 1,621 sqft
    2018-10-01 0 days 1,611 sqft
    2018-11-01 0 days 1,616 sqft
    2018-12-01 0 days 1,600 sqft
    2019-01-01 0 days 1,600 sqft
    2019-02-01 0 days 1,598 sqft
    2019-03-01 0 days 1,589 sqft
    2019-04-01 0 days 1,587 sqft
    2019-05-01 0 days 1,596 sqft
    2019-06-01 0 days 1,604 sqft
    2019-07-01 0 days 1,576 sqft
    2019-08-01 0 days 1,581 sqft
    2019-09-01 0 days 1,592 sqft
    2019-10-01 0 days 1,600 sqft
    2019-11-01 0 days 1,600 sqft
    2019-12-01 0 days 1,642 sqft
    2020-01-01 0 days 1,646 sqft
    2020-02-01 0 days 1,648 sqft
    2020-03-01 0 days 1,656 sqft
    2020-04-01 0 days 1,629 sqft
    2020-05-01 0 days 1,650 sqft
    2020-06-01 0 days 1,655 sqft
    2020-07-01 0 days 1,585 sqft
    2020-08-01 0 days 1,548 sqft
    2020-09-01 0 days 1,502 sqft
    2020-10-01 0 days 1,530 sqft
    2020-11-01 0 days 1,525 sqft
    2020-12-01 0 days 1,484 sqft
    2021-01-01 0 days 1,486 sqft
    2021-02-01 0 days 1,491 sqft
    2021-03-01 0 days 1,540 sqft
    2021-04-01 0 days 1,530 sqft
    2021-05-01 0 days 1,578 sqft
    2021-06-01 0 days 1,599 sqft
    2021-07-01 0 days 1,571 sqft
    2021-08-01 0 days 1,496 sqft
    2021-09-01 0 days 1,471 sqft
    2021-10-01 0 days 1,502 sqft
    2021-11-01 0 days 1,549 sqft
    2021-12-01 0 days 1,551 sqft
    2022-01-01 0 days 1,591 sqft
    2022-02-01 0 days 1,542 sqft
    2022-03-01 0 days 1,524 sqft
    2022-04-01 0 days 1,596 sqft
    2022-05-01 0 days 1,580 sqft
    2022-06-01 0 days 1,455 sqft
    2022-07-01 0 days 1,560 sqft
    2022-08-01 0 days 1,615 sqft
    2022-09-01 0 days 1,631 sqft
    2022-10-01 0 days 1,621 sqft
    2022-11-01 0 days 1,606 sqft
    2022-12-01 0 days 1,592 sqft
    2023-01-01 0 days 1,593 sqft
    2023-02-01 0 days 1,633 sqft
    2023-03-01 0 days 1,735 sqft
    2023-04-01 0 days 1,727 sqft
    2023-05-01 0 days 1,747 sqft
    2023-06-01 0 days 1,703 sqft
    2023-07-01 0 days 1,692 sqft
    2023-08-01 0 days 1,694 sqft
    2023-09-01 0 days 1,680 sqft
    2023-10-01 0 days 1,578 sqft
    2023-11-01 0 days 1,508 sqft
    2023-12-01 0 days 1,529 sqft
    2024-01-01 0 days 1,560 sqft
    2024-02-01 0 days 1,545 sqft
    2024-03-01 0 days 1,553 sqft
    2024-04-01 0 days 1,453 sqft
    2024-05-01 0 days 1,503 sqft
    2024-06-01 0 days 1,541 sqft
    2024-07-01 0 days 1,592 sqft
    2024-08-01 0 days 1,637 sqft
    2024-09-01 0 days 1,719 sqft
    2024-10-01 0 days 1,753 sqft
    2024-11-01 0 days 1,783 sqft
    2024-12-01 0 days 1,803 sqft
    2025-01-01 0 days 1,785 sqft
    Quincy's median listing age (time on market) for 2025-01-01 was 0 days.

    Quincy's median square footage for active listings during the 2025-01-01 period was 1,785 sqft. One year prior, the average listing was 1,560 sqft.