Rockford USDA Loan Rates, Closing Costs & Stats
ROCKFORD, 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.
Rockford's 1 lenders originated 3 USDA loans during 2023. The total origination value was $425,000, with an average USDA loan value of $141,667.
Rockford USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Rockford
averaged
6.32%
for the week of 2024-10-11, compared to the national average (all USDA variants) of
6.08% for the same period.
Rockford's average USDA mortgage closing costs are $4,735.
The average rate for the prior week (2024-10-04) was
6.11% and
one month ago for the week of 2024-09-06, the
average rate was 6.1%.
The average rate one year ago was 7.59%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.24%.
Rockford 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 Rockford level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
PLAZA HOME MORTGAGE, INC. | 2 | 6.06% | $6,422 |
The lowest fee Rockford USDA lenders (with over 10 loans originated) are
.
The lowest rate Rockford USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Rockford (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 | $129,900 (13.1%) | $163,508 (14.4%) | 0.48 | 928 |
2018-02-01 | $131,725 (15.6%) | $166,882 (18.7%) | 0.48 | 847 |
2018-03-01 | $134,900 (13.4%) | $172,005 (16.7%) | 0.47 | 797 |
2018-04-01 | $139,900 (11.9%) | $181,905 (19.5%) | 0.47 | 773 |
2018-05-01 | $144,900 (11.6%) | $184,153 (16.6%) | 0.48 | 848 |
2018-06-01 | $149,000 (14.6%) | $187,298 (15.6%) | 0.50 | 974 |
2018-07-01 | $149,000 (10.5%) | $187,850 (10.3%) | 0.50 | 1,064 |
2018-08-01 | $145,475 (7.8%) | $185,108 (9.0%) | 0.49 | 1,109 |
2018-09-01 | $140,750 (3.9%) | $183,258 (8.3%) | 0.47 | 1,143 |
2018-10-01 | $137,450 (2.6%) | $177,259 (7.0%) | 0.47 | 1,143 |
2018-11-01 | $135,900 (0.4%) | $178,840 (7.2%) | 0.46 | 1,050 |
2018-12-01 | $134,900 (1.1%) | $175,024 (4.6%) | 0.47 | 988 |
2019-01-01 | $134,900 (3.9%) | $174,454 (6.7%) | 0.47 | 908 |
2019-02-01 | $134,475 (2.1%) | $176,802 (5.9%) | 0.45 | 826 |
2019-03-01 | $139,907 (3.7%) | $183,037 (6.4%) | 0.46 | 779 |
2019-04-01 | $147,725 (5.6%) | $191,275 (5.2%) | 0.47 | 736 |
2019-05-01 | $149,925 (3.5%) | $194,518 (5.6%) | 0.47 | 777 |
2019-06-01 | $159,900 (7.3%) | $200,679 (7.1%) | 0.50 | 864 |
2019-07-01 | $155,000 (4.0%) | $199,082 (6.0%) | 0.49 | 977 |
2019-08-01 | $153,609 (5.6%) | $195,534 (5.6%) | 0.49 | 1,029 |
2019-09-01 | $151,523 (7.7%) | $190,815 (4.1%) | 0.48 | 1,093 |
2019-10-01 | $147,450 (7.3%) | $186,177 (5.0%) | 0.48 | 1,144 |
2019-11-01 | $139,900 (2.9%) | $180,646 (1.0%) | 0.46 | 1,094 |
2019-12-01 | $139,900 (3.7%) | $177,645 (1.5%) | 0.47 | 983 |
2020-01-01 | $138,125 (2.4%) | $176,570 (1.2%) | 0.46 | 898 |
2020-02-01 | $145,000 (7.8%) | $183,210 (3.6%) | 0.47 | 806 |
2020-03-01 | $144,950 (3.6%) | $188,002 (2.7%) | 0.45 | 745 |
2020-04-01 | $149,900 (1.5%) | $193,568 (1.2%) | 0.47 | 725 |
2020-05-01 | $159,900 (6.7%) | $206,371 (6.1%) | 0.49 | 636 |
2020-06-01 | $170,000 (6.3%) | $211,064 (5.2%) | 0.50 | 594 |
2020-07-01 | $174,975 (12.9%) | $214,916 (8.0%) | 0.51 | 546 |
2020-08-01 | $169,900 (10.6%) | $218,300 (11.6%) | 0.49 | 527 |
2020-09-01 | $175,200 (15.6%) | $222,990 (16.9%) | 0.50 | 495 |
2020-10-01 | $163,000 (10.6%) | $203,694 (9.4%) | 0.47 | 529 |
2020-11-01 | $154,175 (10.2%) | $200,709 (11.1%) | 0.45 | 514 |
2020-12-01 | $139,900 (0.0%) | $193,667 (9.0%) | 0.42 | 435 |
2021-01-01 | $133,200 (-3.6%) | $196,268 (11.2%) | 0.40 | 357 |
2021-02-01 | $135,000 (-6.9%) | $208,173 (13.6%) | 0.39 | 259 |
2021-03-01 | $150,225 (3.6%) | $212,788 (13.2%) | 0.43 | 219 |
2021-04-01 | $162,400 (8.3%) | $230,291 (19.0%) | 0.44 | 200 |
2021-05-01 | $172,450 (7.9%) | $228,044 (10.5%) | 0.46 | 275 |
2021-06-01 | $172,425 (1.4%) | $231,056 (9.5%) | 0.45 | 397 |
2021-07-01 | $165,000 (-5.7%) | $228,765 (6.4%) | 0.44 | 448 |
2021-08-01 | $158,900 (-6.5%) | $218,935 (0.3%) | 0.42 | 543 |
2021-09-01 | $162,400 (-7.3%) | $217,992 (-2.2%) | 0.43 | 555 |
2021-10-01 | $164,900 (1.2%) | $217,821 (6.9%) | 0.44 | 562 |
2021-11-01 | $154,675 (0.3%) | $209,859 (4.6%) | 0.41 | 513 |
2021-12-01 | $142,725 (2.0%) | $199,842 (3.2%) | 0.39 | 464 |
2022-01-01 | $145,250 (9.1%) | $195,276 (-0.5%) | 0.39 | 370 |
2022-02-01 | $139,675 (3.5%) | $203,388 (-2.3%) | 0.36 | 269 |
2022-03-01 | $147,200 (-2.0%) | $222,745 (4.7%) | 0.37 | 238 |
2022-04-01 | $159,900 (-1.5%) | $238,263 (3.5%) | 0.38 | 254 |
2022-05-01 | $178,475 (3.5%) | $236,087 (3.5%) | 0.41 | 286 |
2022-06-01 | $189,950 (10.2%) | $240,972 (4.3%) | 0.42 | 354 |
2022-07-01 | $202,495 (22.7%) | $255,919 (11.9%) | 0.46 | 416 |
2022-08-01 | $192,450 (21.1%) | $247,163 (12.9%) | 0.44 | 463 |
2022-09-01 | $189,700 (16.8%) | $241,204 (10.7%) | 0.44 | 465 |
2022-10-01 | $174,900 (6.1%) | $230,043 (5.6%) | 0.41 | 460 |
2022-11-01 | $172,400 (11.5%) | $223,025 (6.3%) | 0.41 | 459 |
2022-12-01 | $169,900 (19.0%) | $219,043 (9.6%) | 0.42 | 409 |
2023-01-01 | $164,900 (13.5%) | $220,999 (13.2%) | 0.41 | 324 |
2023-02-01 | $154,350 (10.5%) | $233,875 (15.0%) | 0.37 | 244 |
2023-03-01 | $154,925 (5.3%) | $247,586 (11.2%) | 0.37 | 221 |
2023-04-01 | $180,000 (12.6%) | $266,867 (12.0%) | 0.42 | 196 |
2023-05-01 | $188,550 (5.7%) | $260,563 (10.4%) | 0.43 | 235 |
2023-06-01 | $210,700 (10.9%) | $265,710 (10.3%) | 0.47 | 260 |
2023-07-01 | $219,900 (8.6%) | $265,268 (3.7%) | 0.50 | 294 |
2023-08-01 | $217,325 (12.9%) | $259,037 (4.8%) | 0.50 | 321 |
2023-09-01 | $209,000 (10.2%) | $254,975 (5.7%) | 0.49 | 333 |
2023-10-01 | $213,450 (22.0%) | $253,351 (10.1%) | 0.50 | 345 |
2023-11-01 | $209,200 (21.4%) | $254,781 (14.2%) | 0.50 | 404 |
2023-12-01 | $199,900 (17.7%) | $256,130 (16.9%) | 0.49 | 364 |
2024-01-01 | $207,250 (25.7%) | $262,740 (18.9%) | 0.51 | 310 |
2024-02-01 | $234,150 (51.7%) | $280,592 (20.0%) | 0.56 | 247 |
2024-03-01 | $235,000 (51.7%) | $283,576 (14.5%) | 0.55 | 229 |
2024-04-01 | $234,925 (30.5%) | $273,121 (2.3%) | 0.55 | 219 |
2024-05-01 | $236,000 (25.2%) | $277,424 (6.5%) | 0.53 | 223 |
2024-06-01 | $219,950 (4.4%) | $255,649 (-3.8%) | 0.49 | 293 |
2024-07-01 | $218,725 (-0.5%) | $262,190 (-1.2%) | 0.50 | 320 |
2024-08-01 | $215,000 (-1.1%) | $255,594 (-1.3%) | 0.50 | 387 |
2024-09-01 | $223,225 (6.8%) | $258,589 (1.4%) | 0.53 | 428 |
Rockford's median listing price comes in at 53% of the national average.
Rockford's average listing price for 2024-09-01 was $258,589, a difference of $3,614 (1.4%) versus the prior year and $2,995 versus the prior month.
For the 2024-09-01 period, Rockford had 428 MLS listings, a difference of 41 listings (11%) versus the prior month and 95 listings (29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Rockford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 75 days | 1,855 sqft |
2018-02-01 | 75 days | 1,858 sqft |
2018-03-01 | 61 days | 1,891 sqft |
2018-04-01 | 45 days | 1,960 sqft |
2018-05-01 | 38 days | 2,000 sqft |
2018-06-01 | 39 days | 2,030 sqft |
2018-07-01 | 43 days | 2,030 sqft |
2018-08-01 | 48 days | 1,996 sqft |
2018-09-01 | 57 days | 1,994 sqft |
2018-10-01 | 59 days | 1,911 sqft |
2018-11-01 | 60 days | 1,947 sqft |
2018-12-01 | 65 days | 1,894 sqft |
2019-01-01 | 77 days | 1,824 sqft |
2019-02-01 | 82 days | 1,867 sqft |
2019-03-01 | 68 days | 1,803 sqft |
2019-04-01 | 49 days | 1,738 sqft |
2019-05-01 | 43 days | 1,736 sqft |
2019-06-01 | 43 days | 1,803 sqft |
2019-07-01 | 42 days | 1,976 sqft |
2019-08-01 | 46 days | 1,979 sqft |
2019-09-01 | 51 days | 1,947 sqft |
2019-10-01 | 54 days | 1,913 sqft |
2019-11-01 | 60 days | 1,898 sqft |
2019-12-01 | 69 days | 1,833 sqft |
2020-01-01 | 81 days | 1,807 sqft |
2020-02-01 | 74 days | 1,839 sqft |
2020-03-01 | 53 days | 1,851 sqft |
2020-04-01 | 58 days | 1,891 sqft |
2020-05-01 | 65 days | 2,024 sqft |
2020-06-01 | 46 days | 2,129 sqft |
2020-07-01 | 39 days | 2,180 sqft |
2020-08-01 | 39 days | 2,067 sqft |
2020-09-01 | 38 days | 2,076 sqft |
2020-10-01 | 33 days | 1,935 sqft |
2020-11-01 | 39 days | 1,923 sqft |
2020-12-01 | 50 days | 1,809 sqft |
2021-01-01 | 58 days | 1,777 sqft |
2021-02-01 | 50 days | 1,740 sqft |
2021-03-01 | 37 days | 1,672 sqft |
2021-04-01 | 24 days | 1,801 sqft |
2021-05-01 | 18 days | 1,853 sqft |
2021-06-01 | 19 days | 1,918 sqft |
2021-07-01 | 25 days | 2,017 sqft |
2021-08-01 | 25 days | 1,732 sqft |
2021-09-01 | 33 days | 1,728 sqft |
2021-10-01 | 38 days | 1,669 sqft |
2021-11-01 | 47 days | 1,654 sqft |
2021-12-01 | 50 days | 1,607 sqft |
2022-01-01 | 53 days | 1,640 sqft |
2022-02-01 | 40 days | 1,618 sqft |
2022-03-01 | 32 days | 1,613 sqft |
2022-04-01 | 24 days | 1,717 sqft |
2022-05-01 | 24 days | 1,755 sqft |
2022-06-01 | 21 days | 1,812 sqft |
2022-07-01 | 29 days | 1,860 sqft |
2022-08-01 | 31 days | 1,837 sqft |
2022-09-01 | 39 days | 1,828 sqft |
2022-10-01 | 39 days | 1,803 sqft |
2022-11-01 | 42 days | 1,779 sqft |
2022-12-01 | 52 days | 1,758 sqft |
2023-01-01 | 62 days | 1,724 sqft |
2023-02-01 | 59 days | 1,687 sqft |
2023-03-01 | 46 days | 1,725 sqft |
2023-04-01 | 25 days | 1,763 sqft |
2023-05-01 | 21 days | 1,678 sqft |
2023-06-01 | 22 days | 1,775 sqft |
2023-07-01 | 24 days | 1,836 sqft |
2023-08-01 | 29 days | 1,845 sqft |
2023-09-01 | 31 days | 1,827 sqft |
2023-10-01 | 29 days | 1,897 sqft |
2023-11-01 | 27 days | 1,814 sqft |
2023-12-01 | 40 days | 1,780 sqft |
2024-01-01 | 56 days | 1,758 sqft |
2024-02-01 | 50 days | 1,809 sqft |
2024-03-01 | 37 days | 1,848 sqft |
2024-04-01 | 31 days | 1,931 sqft |
2024-05-01 | 21 days | 1,902 sqft |
2024-06-01 | 19 days | 1,825 sqft |
2024-07-01 | 26 days | 1,799 sqft |
2024-08-01 | 25 days | 1,802 sqft |
2024-09-01 | 29 days | 1,833 sqft |
Rockford's median square footage for active listings during the 2024-09-01 period was 1,833 sqft. One year prior, the average listing was 1,827 sqft.