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%.

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
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 for 2024-10-01 was $258,000, a difference of $9,575 (3.9%) versus the prior year and $-12,925 versus the prior month.

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. 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
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 listing age (time on market) for 2024-10-01 was 0 days.

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.