Rochelle USDA Loan Rates, Closing Costs & Stats
Rochelle, 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.
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
0.2%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Rochelle's average USDA mortgage closing costs are $4,262.
The average rate for the prior week (2024-11-22) was
6.7% and
one month ago for the week of 2024-10-25, the
average rate was 6.6%.
The average rate one year ago was 7.3%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.2%.
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. LouisDate | 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 |
2024-04-01 | $213,700 (-4.0%) | $282,435 (16.6%) | 0.00 | 50 |
2024-05-01 | $244,225 (12.6%) | $291,979 (22.0%) | 0.00 | 48 |
2024-06-01 | $228,450 (17.8%) | $285,424 (25.2%) | 0.00 | 49 |
2024-07-01 | $244,900 (11.9%) | $304,013 (21.0%) | 0.00 | 60 |
2024-08-01 | $274,900 (14.6%) | $301,896 (16.6%) | 0.00 | 73 |
2024-09-01 | $270,925 (8.8%) | $294,482 (10.8%) | 0.00 | 75 |
2024-10-01 | $258,000 (3.9%) | $288,599 (6.4%) | 0.00 | 77 |
Rochelle's median listing price comes in at 0% of the national average.
Rochelle's average listing price for 2024-10-01 was $288,599, a difference of $17,271 (6.4%) versus the prior year and $-5,883 versus the prior month.
For the 2024-10-01 period, Rochelle had 77 MLS listings, a difference of 2 listings (3%) versus the prior month and 4 listings (5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Rochelle (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2024-04-01 | 0 days | 1,868 sqft |
2024-05-01 | 0 days | 1,900 sqft |
2024-06-01 | 0 days | 1,950 sqft |
2024-07-01 | 0 days | 1,924 sqft |
2024-08-01 | 0 days | 1,903 sqft |
2024-09-01 | 0 days | 1,923 sqft |
2024-10-01 | 0 days | 1,789 sqft |
Rochelle's median square footage for active listings during the 2024-10-01 period was 1,789 sqft. One year prior, the average listing was 1,919 sqft.