Rochelle USDA Loan Rates, Closing Costs & Stats

Rochelle, IL

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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.

    Rochelle's 5 lenders originated 6 USDA loans during 2023. The total origination value was $870,000, with an average USDA loan value of $145,000.

    Rochelle USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Rochelle averaged 7.16% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Rochelle's average USDA mortgage closing costs are $4,262.

    The average rate for the prior week (2024-04-12) was 6.62% and one month ago for the week of 2024-03-15, the average rate was 6.8%.

    The average rate one year ago was 6.34%.

    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.

    Rochelle 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 Rochelle level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Community Mortgage Banc Corporation 2 7.13% $4,133
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.75% $5,950
    GUILD MORTGAGE COMPANY 1 7.13% $9,343
    PLAZA HOME MORTGAGE, INC. 1 5.75% $7,537
    U.S. Bank 1 7.13% $3,706

    The top Rochelle USDA lender as defined by loan originations is Community Mortgage Banc Corporation, with 2 USDA loans originated. Their average total fees are $4,133, which is $1,817 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Rochelle (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 $144,875 (5.1%) $191,224 (0.3%) 0.00 213
    2018-02-01 $143,150 (3.8%) $196,226 (9.2%) 0.00 197
    2018-03-01 $149,000 (10.4%) $198,511 (10.4%) 0.00 189
    2018-04-01 $172,450 (27.8%) $202,055 (8.5%) 0.00 191
    2018-05-01 $179,900 (33.4%) $211,691 (10.3%) 0.00 215
    2018-06-01 $171,000 (22.4%) $206,236 (7.2%) 0.00 229
    2018-07-01 $166,325 (19.3%) $200,475 (5.2%) 0.00 251
    2018-08-01 $163,425 (17.6%) $199,538 (6.3%) 0.00 264
    2018-09-01 $161,000 (15.1%) $201,714 (8.2%) 0.00 263
    2018-10-01 $167,500 (18.0%) $219,097 (20.3%) 0.00 265
    2018-11-01 $169,925 (17.3%) $220,686 (17.9%) 0.00 263
    2018-12-01 $169,900 (17.3%) $221,421 (17.2%) 0.00 244
    2019-01-01 $179,675 (24.0%) $223,463 (16.9%) 0.00 226
    2019-02-01 $179,900 (25.7%) $223,655 (14.0%) 0.00 207
    2019-03-01 $182,900 (22.8%) $230,222 (16.0%) 0.00 198
    2019-04-01 $189,425 (9.8%) $238,324 (18.0%) 0.00 205
    2019-05-01 $195,975 (8.9%) $241,484 (14.1%) 0.00 231
    2019-06-01 $189,900 (11.1%) $244,836 (18.7%) 0.00 251
    2019-07-01 $186,450 (12.1%) $238,392 (18.9%) 0.00 259
    2019-08-01 $180,882 (10.7%) $230,014 (15.3%) 0.00 261
    2019-09-01 $174,705 (8.5%) $231,868 (15.0%) 0.00 261
    2019-10-01 $169,900 (1.4%) $231,642 (5.7%) 0.00 260
    2019-11-01 $173,900 (2.3%) $226,731 (2.7%) 0.00 251
    2019-12-01 $169,900 (0.0%) $221,088 (-0.2%) 0.00 229
    2020-01-01 $169,450 (-5.7%) $225,290 (0.8%) 0.00 215
    2020-02-01 $175,000 (-2.7%) $228,081 (2.0%) 0.00 210
    2020-03-01 $178,325 (-2.5%) $233,577 (1.5%) 0.00 204
    2020-04-01 $178,700 (-5.7%) $230,431 (-3.3%) 0.00 199
    2020-05-01 $179,900 (-8.2%) $235,542 (-2.5%) 0.00 190
    2020-06-01 $179,900 (-5.3%) $239,561 (-2.2%) 0.00 188
    2020-07-01 $185,250 (-0.6%) $248,638 (4.3%) 0.00 175
    2020-08-01 $169,900 (-6.1%) $242,610 (5.5%) 0.00 167
    2020-09-01 $169,950 (-2.7%) $237,477 (2.4%) 0.00 177
    2020-10-01 $161,400 (-5.0%) $231,741 (0.0%) 0.00 175
    2020-11-01 $169,700 (-2.4%) $245,872 (8.4%) 0.00 152
    2020-12-01 $162,200 (-4.5%) $242,714 (9.8%) 0.00 129
    2021-01-01 $150,000 (-11.5%) $242,314 (7.6%) 0.00 106
    2021-02-01 $145,975 (-16.6%) $240,196 (5.3%) 0.00 88
    2021-03-01 $157,475 (-11.7%) $270,342 (15.7%) 0.00 68
    2021-04-01 $167,450 (-6.3%) $284,472 (23.5%) 0.00 74
    2021-05-01 $165,000 (-8.3%) $279,617 (18.7%) 0.00 74
    2021-06-01 $162,475 (-9.7%) $262,341 (9.5%) 0.00 87
    2021-07-01 $188,900 (2.0%) $310,786 (25.0%) 0.00 100
    2021-08-01 $185,450 (9.2%) $316,123 (30.3%) 0.00 98
    2021-09-01 $192,691 (13.4%) $290,598 (22.4%) 0.00 101
    2021-10-01 $190,400 (18.0%) $308,816 (33.3%) 0.00 89
    2021-11-01 $177,475 (4.6%) $290,060 (18.0%) 0.00 94
    2021-12-01 $182,450 (12.5%) $303,534 (25.1%) 0.00 89
    2022-01-01 $190,000 (26.7%) $333,246 (37.5%) 0.00 74
    2022-02-01 $187,450 (28.4%) $360,598 (50.1%) 0.00 61
    2022-03-01 $194,975 (23.8%) $407,342 (50.7%) 0.00 46
    2022-04-01 $179,900 (7.4%) $385,885 (35.7%) 0.00 49
    2022-05-01 $210,000 (27.3%) $353,142 (26.3%) 0.00 69
    2022-06-01 $230,975 (42.2%) $330,958 (26.2%) 0.00 72
    2022-07-01 $209,000 (10.6%) $279,598 (-10.0%) 0.00 80
    2022-08-01 $224,960 (21.3%) $288,966 (-8.6%) 0.00 77
    2022-09-01 $198,500 (3.0%) $256,221 (-11.8%) 0.00 81
    2022-10-01 $205,000 (7.7%) $262,273 (-15.1%) 0.00 79
    2022-11-01 $192,400 (8.4%) $257,603 (-11.2%) 0.00 87
    2022-12-01 $186,000 (2.0%) $264,123 (-13.0%) 0.00 71
    2023-01-01 $191,200 (0.6%) $264,134 (-20.7%) 0.00 67
    2023-02-01 $211,625 (12.9%) $271,697 (-24.7%) 0.00 62
    2023-03-01 $223,750 (14.8%) $252,426 (-38.0%) 0.00 63
    2023-04-01 $222,500 (23.7%) $242,239 (-37.2%) 0.00 54
    2023-05-01 $216,925 (3.3%) $239,291 (-32.2%) 0.00 54
    2023-06-01 $193,975 (-16.0%) $228,055 (-31.1%) 0.00 54
    2023-07-01 $218,950 (4.8%) $251,261 (-10.1%) 0.00 47
    2023-08-01 $239,900 (6.6%) $259,032 (-10.4%) 0.00 50
    2023-09-01 $249,000 (25.4%) $265,823 (3.8%) 0.00 57
    2023-10-01 $248,425 (21.2%) $271,328 (3.5%) 0.00 73
    2023-11-01 $239,450 (24.5%) $267,947 (4.0%) 0.00 80
    2023-12-01 $214,450 (15.3%) $247,547 (-6.3%) 0.00 72
    2024-01-01 $203,725 (6.6%) $244,179 (-7.6%) 0.00 70
    2024-02-01 $203,675 (-3.8%) $237,763 (-12.5%) 0.00 62
    2024-03-01 $217,400 (-2.8%) $260,770 (3.3%) 0.00 52
    Rochelle's median listing price for 2024-03-01 was $217,400, a difference of $-6,350 (-2.8%) versus the prior year and $13,725 versus the prior month.

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

    Rochelle's average listing price for 2024-03-01 was $260,770, a difference of $8,344 (3.3%) versus the prior year and $23,007 versus the prior month.

    For the 2024-03-01 period, Rochelle had 52 MLS listings, a difference of -10 listings (-16%) versus the prior month and -11 listings (-17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Rochelle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,814 sqft
    2018-02-01 0 days 1,800 sqft
    2018-03-01 0 days 1,827 sqft
    2018-04-01 0 days 1,910 sqft
    2018-05-01 0 days 1,944 sqft
    2018-06-01 0 days 1,938 sqft
    2018-07-01 0 days 1,887 sqft
    2018-08-01 0 days 1,850 sqft
    2018-09-01 0 days 1,845 sqft
    2018-10-01 0 days 1,902 sqft
    2018-11-01 0 days 1,902 sqft
    2018-12-01 0 days 1,915 sqft
    2019-01-01 0 days 1,901 sqft
    2019-02-01 0 days 1,876 sqft
    2019-03-01 0 days 1,827 sqft
    2019-04-01 0 days 1,818 sqft
    2019-05-01 0 days 1,850 sqft
    2019-06-01 0 days 1,900 sqft
    2019-07-01 0 days 1,996 sqft
    2019-08-01 0 days 2,010 sqft
    2019-09-01 0 days 1,965 sqft
    2019-10-01 0 days 1,970 sqft
    2019-11-01 0 days 1,976 sqft
    2019-12-01 0 days 1,925 sqft
    2020-01-01 0 days 1,946 sqft
    2020-02-01 0 days 1,925 sqft
    2020-03-01 0 days 1,926 sqft
    2020-04-01 0 days 2,018 sqft
    2020-05-01 0 days 2,086 sqft
    2020-06-01 0 days 2,078 sqft
    2020-07-01 0 days 2,070 sqft
    2020-08-01 0 days 1,975 sqft
    2020-09-01 0 days 1,979 sqft
    2020-10-01 0 days 1,936 sqft
    2020-11-01 0 days 1,946 sqft
    2020-12-01 0 days 1,760 sqft
    2021-01-01 0 days 1,769 sqft
    2021-02-01 0 days 1,771 sqft
    2021-03-01 0 days 1,772 sqft
    2021-04-01 0 days 1,774 sqft
    2021-05-01 0 days 1,570 sqft
    2021-06-01 0 days 1,693 sqft
    2021-07-01 0 days 1,920 sqft
    2021-08-01 0 days 1,811 sqft
    2021-09-01 0 days 1,866 sqft
    2021-10-01 0 days 1,800 sqft
    2021-11-01 0 days 1,800 sqft
    2021-12-01 0 days 1,751 sqft
    2022-01-01 0 days 1,710 sqft
    2022-02-01 0 days 1,678 sqft
    2022-03-01 0 days 1,908 sqft
    2022-04-01 0 days 1,976 sqft
    2022-05-01 0 days 1,981 sqft
    2022-06-01 0 days 2,000 sqft
    2022-07-01 0 days 2,009 sqft
    2022-08-01 0 days 2,052 sqft
    2022-09-01 0 days 1,906 sqft
    2022-10-01 0 days 2,100 sqft
    2022-11-01 0 days 1,968 sqft
    2022-12-01 0 days 1,848 sqft
    2023-01-01 0 days 1,848 sqft
    2023-02-01 0 days 1,841 sqft
    2023-03-01 0 days 1,848 sqft
    2023-04-01 0 days 1,825 sqft
    2023-05-01 0 days 1,802 sqft
    2023-06-01 0 days 1,731 sqft
    2023-07-01 0 days 1,794 sqft
    2023-08-01 0 days 1,894 sqft
    2023-09-01 0 days 1,952 sqft
    2023-10-01 0 days 1,919 sqft
    2023-11-01 0 days 1,864 sqft
    2023-12-01 0 days 1,831 sqft
    2024-01-01 0 days 1,833 sqft
    2024-02-01 0 days 1,826 sqft
    2024-03-01 0 days 2,018 sqft
    Rochelle's median listing age (time on market) for 2024-03-01 was 0 days.

    Rochelle's median square footage for active listings during the 2024-03-01 period was 2,018 sqft. One year prior, the average listing was 1,848 sqft.