Sioux City USDA Loans
SIOUX CITY, IA-NE-SD
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.
Sioux City's 12 lenders originated 28 USDA loans during 2021. The total origination value was $4,180,000, with an average USDA loan value of $149,286.
Sioux City USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Sioux City
averaged
5.24%
for the week of 2022-05-13, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-05-06) was
5.48% and
one month ago for the week of 2022-04-08, the
average rate was 5.04%.
The average rate one year ago was 3.05%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.13%.
Sioux City USDA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Sioux City level.
| Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
|---|---|---|---|
| Plains Commerce Bank | 8 | 2.91% | $5,067 |
| Great Southern Bank | 4 | 2.72% | $4,562 |
| Community Mortgage Banc Corporation | 3 | 3.25% | $4,215 |
| West Gate Bank | 2 | 2.75% | $4,003 |
| First Bank & Trust | 2 | 2.63% | $3,772 |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | 2 | 3.38% | $5,670 |
| First Dakota National Bank | 1 | 2.88% | $4,058 |
| Bank of England | 1 | 2.88% | $5,827 |
| LAKEVIEW LOAN SERVICING, LLC | 1 | 3.00% | $3,199 |
| Central Bank | 1 | 2.88% | $5,034 |
| Reliabank Dakota | 1 | 3.25% | $3,431 |
| First PREMIER Bank | 1 | 2.38% | $2,626 |
The top Sioux City USDA lender as defined by loan originations is Plains Commerce Bank, with
8 USDA loans originated. Their average total fees are
$5,067, which is $505
higher than the next largest lender,
Great Southern Bank.
The lowest fee Sioux City USDA lenders (with over 10 loans originated) are
.
The lowest rate Sioux City USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Sioux City (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 | $199,950 (11.2%) | $265,623 (10.8%) | 0.74 | 371 |
| 2018-02-01 | $209,000 (16.3%) | $268,101 (16.1%) | 0.75 | 346 |
| 2018-03-01 | $206,600 (7.9%) | $259,378 (7.7%) | 0.71 | 347 |
| 2018-04-01 | $207,050 (6.2%) | $253,080 (2.5%) | 0.69 | 399 |
| 2018-05-01 | $208,750 (9.2%) | $255,405 (0.3%) | 0.70 | 404 |
| 2018-06-01 | $215,000 (13.2%) | $257,176 (1.7%) | 0.72 | 390 |
| 2018-07-01 | $218,000 (9.1%) | $257,106 (2.5%) | 0.73 | 385 |
| 2018-08-01 | $207,800 (7.4%) | $253,685 (1.5%) | 0.69 | 390 |
| 2018-09-01 | $209,900 (7.7%) | $252,722 (-0.2%) | 0.70 | 411 |
| 2018-10-01 | $214,925 (7.6%) | $255,289 (0.9%) | 0.72 | 417 |
| 2018-11-01 | $210,000 (7.6%) | $251,977 (1.3%) | 0.70 | 421 |
| 2018-12-01 | $204,900 (2.5%) | $254,930 (-0.8%) | 0.70 | 407 |
| 2019-01-01 | $199,975 (0.0%) | $246,836 (-7.1%) | 0.69 | 393 |
| 2019-02-01 | $215,800 (3.3%) | $248,580 (-7.3%) | 0.72 | 363 |
| 2019-03-01 | $224,486 (8.7%) | $260,371 (0.4%) | 0.73 | 339 |
| 2019-04-01 | $240,000 (15.9%) | $277,440 (9.6%) | 0.76 | 318 |
| 2019-05-01 | $246,375 (18.0%) | $291,875 (14.3%) | 0.76 | 329 |
| 2019-06-01 | $249,900 (16.2%) | $296,852 (15.4%) | 0.77 | 336 |
| 2019-07-01 | $233,325 (7.0%) | $279,839 (8.8%) | 0.73 | 349 |
| 2019-08-01 | $226,671 (9.1%) | $271,160 (6.9%) | 0.71 | 367 |
| 2019-09-01 | $217,450 (3.6%) | $258,689 (2.4%) | 0.69 | 401 |
| 2019-10-01 | $198,750 (-7.5%) | $247,446 (-3.1%) | 0.63 | 438 |
| 2019-11-01 | $192,500 (-8.3%) | $242,348 (-3.8%) | 0.62 | 437 |
| 2019-12-01 | $192,250 (-6.2%) | $244,145 (-4.2%) | 0.64 | 402 |
| 2020-01-01 | $192,000 (-4.0%) | $245,216 (-0.7%) | 0.64 | 380 |
| 2020-02-01 | $197,500 (-8.5%) | $246,676 (-0.8%) | 0.64 | 359 |
| 2020-03-01 | $202,500 (-9.8%) | $254,499 (-2.3%) | 0.63 | 342 |
| 2020-04-01 | $219,950 (-8.4%) | $258,561 (-6.8%) | 0.69 | 340 |
| 2020-05-01 | $229,900 (-6.7%) | $272,054 (-6.8%) | 0.70 | 341 |
| 2020-06-01 | $233,900 (-6.4%) | $270,680 (-8.8%) | 0.68 | 365 |
| 2020-07-01 | $236,725 (1.5%) | $272,499 (-2.6%) | 0.68 | 341 |
| 2020-08-01 | $224,900 (-0.8%) | $272,057 (0.3%) | 0.64 | 319 |
| 2020-09-01 | $222,250 (2.2%) | $272,343 (5.3%) | 0.64 | 318 |
| 2020-10-01 | $217,000 (9.2%) | $270,094 (9.2%) | 0.62 | 299 |
| 2020-11-01 | $218,500 (13.5%) | $273,067 (12.7%) | 0.63 | 288 |
| 2020-12-01 | $231,200 (20.3%) | $274,564 (12.5%) | 0.68 | 253 |
| 2021-01-01 | $249,500 (30.0%) | $281,474 (14.8%) | 0.73 | 226 |
| 2021-02-01 | $255,000 (29.1%) | $289,509 (17.4%) | 0.73 | 210 |
| 2021-03-01 | $261,750 (29.3%) | $296,225 (16.4%) | 0.73 | 197 |
| 2021-04-01 | $277,450 (26.1%) | $319,893 (23.7%) | 0.75 | 181 |
| 2021-05-01 | $264,500 (15.1%) | $310,999 (14.3%) | 0.70 | 186 |
| 2021-06-01 | $264,975 (13.3%) | $303,230 (12.0%) | 0.69 | 195 |
| 2021-07-01 | $235,000 (-0.7%) | $288,651 (5.9%) | 0.61 | 207 |
| 2021-08-01 | $227,450 (1.1%) | $287,544 (5.7%) | 0.60 | 236 |
| 2021-09-01 | $206,000 (-7.3%) | $268,345 (-1.5%) | 0.54 | 230 |
| 2021-10-01 | $199,500 (-8.1%) | $256,543 (-5.0%) | 0.53 | 234 |
| 2021-11-01 | $193,450 (-11.5%) | $288,546 (5.7%) | 0.51 | 207 |
| 2021-12-01 | $205,000 (-11.3%) | $307,603 (12.0%) | 0.55 | 171 |
| 2022-01-01 | $205,000 (-17.8%) | $336,548 (19.6%) | 0.55 | 131 |
| 2022-02-01 | $290,750 (14.0%) | $375,724 (29.8%) | 0.74 | 131 |
| 2022-03-01 | $294,000 (12.3%) | $385,755 (30.2%) | 0.73 | 120 |
| 2022-04-01 | $310,000 (11.7%) | $388,391 (21.4%) | 0.73 | 123 |
Sioux City's median listing price comes in at 73% of the national average.
Sioux City's average listing price for 2022-04-01 was $388,391, a difference of $68,498 (21.4%) versus the prior year and $2,636 versus the prior month.
For the 2022-04-01 period, Sioux City had 123 MLS listings, a difference of 3 listings (3%) versus the prior month and -58 listings (-32%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sioux City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 95 days | 1,891 sqft |
| 2018-02-01 | 94 days | 1,939 sqft |
| 2018-03-01 | 74 days | 1,890 sqft |
| 2018-04-01 | 50 days | 1,861 sqft |
| 2018-05-01 | 53 days | 1,872 sqft |
| 2018-06-01 | 57 days | 1,952 sqft |
| 2018-07-01 | 61 days | 1,965 sqft |
| 2018-08-01 | 58 days | 2,003 sqft |
| 2018-09-01 | 51 days | 1,984 sqft |
| 2018-10-01 | 58 days | 1,986 sqft |
| 2018-11-01 | 59 days | 1,954 sqft |
| 2018-12-01 | 72 days | 1,916 sqft |
| 2019-01-01 | 88 days | 1,902 sqft |
| 2019-02-01 | 95 days | 1,859 sqft |
| 2019-03-01 | 90 days | 1,871 sqft |
| 2019-04-01 | 64 days | 1,913 sqft |
| 2019-05-01 | 48 days | 1,982 sqft |
| 2019-06-01 | 56 days | 2,035 sqft |
| 2019-07-01 | 52 days | 1,963 sqft |
| 2019-08-01 | 55 days | 1,985 sqft |
| 2019-09-01 | 51 days | 1,988 sqft |
| 2019-10-01 | 49 days | 1,929 sqft |
| 2019-11-01 | 59 days | 1,928 sqft |
| 2019-12-01 | 72 days | 1,944 sqft |
| 2020-01-01 | 84 days | 1,946 sqft |
| 2020-02-01 | 80 days | 1,968 sqft |
| 2020-03-01 | 63 days | 2,009 sqft |
| 2020-04-01 | 67 days | 1,957 sqft |
| 2020-05-01 | 64 days | 2,016 sqft |
| 2020-06-01 | 54 days | 1,977 sqft |
| 2020-07-01 | 57 days | 1,941 sqft |
| 2020-08-01 | 65 days | 1,902 sqft |
| 2020-09-01 | 58 days | 1,915 sqft |
| 2020-10-01 | 55 days | 1,926 sqft |
| 2020-11-01 | 58 days | 1,893 sqft |
| 2020-12-01 | 71 days | 1,830 sqft |
| 2021-01-01 | 85 days | 1,818 sqft |
| 2021-02-01 | 94 days | 1,886 sqft |
| 2021-03-01 | 64 days | 1,879 sqft |
| 2021-04-01 | 50 days | 1,943 sqft |
| 2021-05-01 | 38 days | 1,914 sqft |
| 2021-06-01 | 37 days | 1,908 sqft |
| 2021-07-01 | 32 days | 1,897 sqft |
| 2021-08-01 | 38 days | 1,817 sqft |
| 2021-09-01 | 41 days | 1,748 sqft |
| 2021-10-01 | 37 days | 1,719 sqft |
| 2021-11-01 | 45 days | 1,640 sqft |
| 2021-12-01 | 55 days | 1,641 sqft |
| 2022-01-01 | 67 days | 1,600 sqft |
| 2022-02-01 | 37 days | 1,721 sqft |
| 2022-03-01 | 46 days | 1,807 sqft |
| 2022-04-01 | 38 days | 1,764 sqft |
Sioux City's median square footage for active listings during the 2022-04-01 period was 1,764 sqft. One year prior, the average listing was 1,943 sqft.
