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 6.87% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.83% and one month ago for the week of 2024-03-15, the average rate was 6.71%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

    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 $124,950 (-2.7%) $158,261 (-8.5%) 0.00 290
    2018-04-01 $128,075 (-1.4%) $163,545 (-6.6%) 0.00 296
    2018-05-01 $130,725 (-1.7%) $168,252 (-5.6%) 0.00 293
    2018-06-01 $137,950 (7.2%) $174,075 (-0.6%) 0.00 299
    2018-07-01 $134,950 (8.0%) $171,993 (-0.5%) 0.00 303
    2018-08-01 $137,500 (14.6%) $173,352 (2.5%) 0.00 302
    2018-09-01 $136,750 (10.3%) $171,511 (1.0%) 0.00 310
    2018-10-01 $129,975 (6.1%) $163,418 (-1.1%) 0.00 327
    2018-11-01 $133,575 (11.4%) $165,185 (4.5%) 0.00 313
    2018-12-01 $126,000 (7.1%) $162,660 (4.8%) 0.00 302
    2019-01-01 $125,475 (9.1%) $160,417 (4.8%) 0.00 284
    2019-02-01 $127,200 (7.5%) $163,717 (7.8%) 0.00 289
    2019-03-01 $128,529 (2.9%) $165,099 (4.3%) 0.00 309
    2019-04-01 $129,900 (1.4%) $166,995 (2.1%) 0.00 319
    2019-05-01 $132,125 (1.1%) $163,885 (-2.6%) 0.00 314
    2019-06-01 $135,500 (-1.8%) $165,903 (-4.7%) 0.00 301
    2019-07-01 $135,000 (0.0%) $164,882 (-4.1%) 0.00 305
    2019-08-01 $136,091 (-1.0%) $166,078 (-4.2%) 0.00 317
    2019-09-01 $137,727 (0.7%) $167,926 (-2.1%) 0.00 322
    2019-10-01 $139,250 (7.1%) $169,451 (3.7%) 0.00 325
    2019-11-01 $140,900 (5.5%) $171,862 (4.0%) 0.00 316
    2019-12-01 $141,875 (12.6%) $174,271 (7.1%) 0.00 305
    2020-01-01 $139,900 (11.5%) $172,284 (7.4%) 0.00 236
    2020-02-01 $139,900 (10.0%) $174,035 (6.3%) 0.00 214
    2020-03-01 $145,325 (13.1%) $176,931 (7.2%) 0.00 214
    2020-04-01 $141,875 (9.2%) $179,556 (7.5%) 0.00 213
    2020-05-01 $141,200 (6.9%) $182,176 (11.2%) 0.00 292
    2020-06-01 $149,000 (10.0%) $187,400 (13.0%) 0.00 299
    2020-07-01 $147,750 (9.4%) $188,636 (14.4%) 0.00 294
    2020-08-01 $145,000 (6.6%) $183,206 (10.3%) 0.00 278
    2020-09-01 $143,325 (4.1%) $179,374 (6.8%) 0.00 269
    2020-10-01 $145,000 (4.1%) $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 $126,700 (-9.4%) $163,295 (-5.2%) 0.00 189
    2021-02-01 $128,150 (-8.4%) $164,400 (-5.5%) 0.00 186
    2021-03-01 $125,900 (-13.4%) $171,091 (-3.3%) 0.00 167
    2021-04-01 $127,900 (-9.9%) $175,295 (-2.4%) 0.00 184
    2021-05-01 $128,900 (-8.7%) $182,137 (0.0%) 0.00 168
    2021-06-01 $129,625 (-13.0%) $183,614 (-2.0%) 0.00 154
    2021-07-01 $130,950 (-11.4%) $185,807 (-1.5%) 0.00 181
    2021-08-01 $120,000 (-17.2%) $178,507 (-2.6%) 0.00 177
    2021-09-01 $122,950 (-14.2%) $173,756 (-3.1%) 0.00 172
    2021-10-01 $135,000 (-6.9%) $188,975 (5.1%) 0.00 178
    2021-11-01 $134,950 (-4.4%) $198,702 (14.0%) 0.00 153
    2021-12-01 $137,250 (5.8%) $203,079 (25.1%) 0.00 138
    2022-01-01 $129,900 (2.5%) $207,362 (27.0%) 0.00 107
    2022-02-01 $128,150 (0.0%) $205,424 (25.0%) 0.00 123
    2022-03-01 $129,950 (3.2%) $230,172 (34.5%) 0.00 105
    2022-04-01 $147,450 (15.3%) $231,409 (32.0%) 0.00 109
    2022-05-01 $149,900 (16.3%) $224,146 (23.1%) 0.00 128
    2022-06-01 $146,125 (12.7%) $217,443 (18.4%) 0.00 140
    2022-07-01 $159,000 (21.4%) $211,791 (14.0%) 0.00 107
    2022-08-01 $162,600 (35.5%) $203,930 (14.2%) 0.00 112
    2022-09-01 $163,475 (33.0%) $203,997 (17.4%) 0.00 132
    2022-10-01 $149,900 (11.0%) $200,270 (6.0%) 0.00 134
    2022-11-01 $139,900 (3.7%) $187,741 (-5.5%) 0.00 132
    2022-12-01 $129,900 (-5.4%) $174,589 (-14.0%) 0.00 108
    2023-01-01 $130,875 (0.8%) $188,749 (-9.0%) 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 (6.9%) $205,997 (-2.7%) 0.00 126
    2023-08-01 $163,725 (0.7%) $192,413 (-5.7%) 0.00 123
    2023-09-01 $169,900 (3.9%) $204,493 (0.2%) 0.00 115
    2023-10-01 $169,900 (13.3%) $201,163 (0.5%) 0.00 132
    2023-11-01 $148,500 (6.2%) $184,784 (-1.6%) 0.00 137
    2023-12-01 $145,000 (11.6%) $179,092 (2.6%) 0.00 131
    2024-01-01 $149,900 (14.5%) $194,937 (3.3%) 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
    Quincy's median listing price for 2024-03-01 was $149,450, a difference of $-21,775 (-12.7%) versus the prior year and $7,000 versus the prior month.

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

    Quincy's average listing price for 2024-03-01 was $190,924, a difference of $-18,207 (-8.7%) versus the prior year and $5,632 versus the prior month.

    For the 2024-03-01 period, Quincy had 121 MLS listings, a difference of 10 listings (9%) versus the prior month and 22 listings (22%) 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 1,587 sqft
    2018-05-01 0 days 1,540 sqft
    2018-06-01 0 days 1,576 sqft
    2018-07-01 0 days 1,569 sqft
    2018-08-01 0 days 1,600 sqft
    2018-09-01 0 days 1,623 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 1,596 sqft
    2019-03-01 0 days 1,585 sqft
    2019-04-01 0 days 1,586 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 1,644 sqft
    2020-01-01 0 days 1,648 sqft
    2020-02-01 0 days 1,650 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 1,561 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 1,470 sqft
    2021-02-01 0 days 1,477 sqft
    2021-03-01 0 days 1,534 sqft
    2021-04-01 0 days 1,530 sqft
    2021-05-01 0 days 1,582 sqft
    2021-06-01 0 days 1,613 sqft
    2021-07-01 0 days 1,577 sqft
    2021-08-01 0 days 1,482 sqft
    2021-09-01 0 days 1,467 sqft
    2021-10-01 0 days 1,482 sqft
    2021-11-01 0 days 1,534 sqft
    2021-12-01 0 days 1,550 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 1,570 sqft
    2022-08-01 0 days 1,636 sqft
    2022-09-01 0 days 1,638 sqft
    2022-10-01 0 days 1,631 sqft
    2022-11-01 0 days 1,624 sqft
    2022-12-01 0 days 1,600 sqft
    2023-01-01 0 days 1,593 sqft
    2023-02-01 0 days 1,634 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 1,531 sqft
    2024-01-01 0 days 1,572 sqft
    2024-02-01 0 days 1,552 sqft
    2024-03-01 0 days 1,553 sqft
    Quincy's median listing age (time on market) for 2024-03-01 was 0 days.

    Quincy's median square footage for active listings during the 2024-03-01 period was 1,553 sqft. One year prior, the average listing was 1,735 sqft.