Taylorville USDA Loan Rates, Closing Costs & Stats
Taylorville, 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.
Taylorville's 15 lenders originated 35 USDA loans during 2023. The total origination value was $3,005,000, with an average USDA loan value of $85,857.
Taylorville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Taylorville
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.
Taylorville's average USDA mortgage closing costs are $3,541.
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 6.9%.
The average rate one year ago was 6.64%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.96%.
Taylorville 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 Taylorville level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| NEWREZ LLC | 6 | 6.71% | $3,695 |
| GERSHMAN INVESTMENT CORP. | 5 | 7.18% | $3,661 |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | 4 | 7.22% | $4,265 |
| Regions Bank | 3 | 7.08% | $3,764 |
| FLAT BRANCH MORTGAGE, INC. | 3 | 7.13% | $4,380 |
| CNB Bank And Trust, N.A. | 3 | 7.29% | $2,787 |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 2 | 6.75% | $6,265 |
| United Community Bank | 1 | 6.63% | $3,754 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.25% | $5,094 |
| Flagstar Bank, FSB | 1 | 5.50% | $3,203 |
| GUARANTEED RATE, INC. | 1 | 6.75% | $6,569 |
| Heartland Bank and Trust Company | 1 | 7.00% | $2,865 |
| Midland States Bank | 1 | 5.75% | $5,547 |
| Petefish, Skiles & Co. | 1 | 7.50% | $3,789 |
| TOP FLITE FINANCIAL, INC. | 1 | 7.50% | $6,401 |
The top Taylorville USDA lender as defined by loan originations is NEWREZ LLC, with
6 USDA loans originated. Their average total fees are
$3,695, which is $34
higher than the next largest lender,
GERSHMAN INVESTMENT CORP..
The lowest fee Taylorville USDA lenders (with over 10 loans originated) are
.
The lowest rate Taylorville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Taylorville (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 | $88,000 (10.7%) | $108,781 (2.5%) | 0.00 | 149 |
| 2018-02-01 | $87,700 (14.1%) | $107,365 (3.8%) | 0.00 | 158 |
| 2018-03-01 | $87,500 (11.4%) | $109,603 (8.6%) | 0.00 | 159 |
| 2018-04-01 | $88,225 (10.4%) | $113,824 (4.3%) | 0.00 | 159 |
| 2018-05-01 | $88,800 (11.1%) | $112,894 (0.9%) | 0.00 | 169 |
| 2018-06-01 | $94,900 (15.9%) | $117,943 (0.9%) | 0.00 | 174 |
| 2018-07-01 | $92,075 (7.8%) | $117,143 (0.4%) | 0.00 | 180 |
| 2018-08-01 | $89,900 (2.2%) | $113,504 (-4.5%) | 0.00 | 189 |
| 2018-09-01 | $89,900 (4.7%) | $111,386 (-3.5%) | 0.00 | 199 |
| 2018-10-01 | $88,750 (1.9%) | $106,432 (-3.4%) | 0.00 | 199 |
| 2018-11-01 | $89,125 (4.3%) | $105,786 (-0.7%) | 0.00 | 187 |
| 2018-12-01 | $83,350 (-1.9%) | $103,090 (-2.3%) | 0.00 | 164 |
| 2019-01-01 | $80,550 (-8.5%) | $97,073 (-10.8%) | 0.00 | 168 |
| 2019-02-01 | $79,900 (-8.9%) | $96,207 (-10.4%) | 0.00 | 163 |
| 2019-03-01 | $79,500 (-9.1%) | $98,511 (-10.1%) | 0.00 | 149 |
| 2019-04-01 | $79,850 (-9.5%) | $102,931 (-9.6%) | 0.00 | 142 |
| 2019-05-01 | $78,000 (-12.2%) | $100,226 (-11.2%) | 0.00 | 150 |
| 2019-06-01 | $83,350 (-12.2%) | $109,239 (-7.4%) | 0.00 | 160 |
| 2019-07-01 | $79,900 (-13.2%) | $108,249 (-7.6%) | 0.00 | 151 |
| 2019-08-01 | $82,432 (-8.3%) | $114,588 (1.0%) | 0.00 | 159 |
| 2019-09-01 | $82,330 (-8.4%) | $116,695 (4.8%) | 0.00 | 160 |
| 2019-10-01 | $82,486 (-7.1%) | $118,100 (11.0%) | 0.00 | 160 |
| 2019-11-01 | $84,900 (-4.7%) | $119,875 (13.3%) | 0.00 | 155 |
| 2019-12-01 | $82,000 (-1.6%) | $119,697 (16.1%) | 0.00 | 134 |
| 2020-01-01 | $79,900 (-0.8%) | $115,819 (19.3%) | 0.00 | 131 |
| 2020-02-01 | $79,900 (0.0%) | $113,313 (17.8%) | 0.00 | 132 |
| 2020-03-01 | $79,900 (0.5%) | $111,765 (13.5%) | 0.00 | 127 |
| 2020-04-01 | $79,900 (0.1%) | $113,237 (10.0%) | 0.00 | 111 |
| 2020-05-01 | $79,900 (2.4%) | $112,809 (12.6%) | 0.00 | 110 |
| 2020-06-01 | $79,900 (-4.1%) | $107,462 (-1.6%) | 0.00 | 120 |
| 2020-07-01 | $79,900 (0.0%) | $107,842 (-0.4%) | 0.00 | 122 |
| 2020-08-01 | $79,900 (-3.1%) | $112,387 (-1.9%) | 0.00 | 116 |
| 2020-09-01 | $82,450 (0.2%) | $116,100 (-0.5%) | 0.00 | 113 |
| 2020-10-01 | $79,900 (-3.1%) | $111,499 (-5.6%) | 0.00 | 120 |
| 2020-11-01 | $79,900 (-5.9%) | $111,643 (-6.9%) | 0.00 | 105 |
| 2020-12-01 | $81,800 (-0.2%) | $121,888 (1.8%) | 0.00 | 94 |
| 2021-01-01 | $78,450 (-1.8%) | $115,086 (-0.6%) | 0.00 | 83 |
| 2021-02-01 | $76,650 (-4.1%) | $111,483 (-1.6%) | 0.00 | 68 |
| 2021-03-01 | $79,200 (-0.9%) | $116,795 (4.5%) | 0.00 | 61 |
| 2021-04-01 | $77,800 (-2.6%) | $117,191 (3.5%) | 0.00 | 51 |
| 2021-05-01 | $82,500 (3.3%) | $128,066 (13.5%) | 0.00 | 55 |
| 2021-06-01 | $85,200 (6.6%) | $134,174 (24.9%) | 0.00 | 52 |
| 2021-07-01 | $82,500 (3.3%) | $130,446 (21.0%) | 0.00 | 60 |
| 2021-08-01 | $83,625 (4.7%) | $114,826 (2.2%) | 0.00 | 63 |
| 2021-09-01 | $77,400 (-6.1%) | $101,035 (-13.0%) | 0.00 | 69 |
| 2021-10-01 | $74,200 (-7.1%) | $89,272 (-19.9%) | 0.00 | 70 |
| 2021-11-01 | $72,825 (-8.9%) | $90,685 (-18.8%) | 0.00 | 64 |
| 2021-12-01 | $74,900 (-8.4%) | $94,604 (-22.4%) | 0.00 | 58 |
| 2022-01-01 | $74,900 (-4.5%) | $98,058 (-14.8%) | 0.00 | 52 |
| 2022-02-01 | $67,425 (-12.0%) | $88,002 (-21.1%) | 0.00 | 46 |
| 2022-03-01 | $71,250 (-10.0%) | $101,946 (-12.7%) | 0.00 | 38 |
| 2022-04-01 | $93,200 (19.8%) | $121,848 (4.0%) | 0.00 | 42 |
| 2022-05-01 | $95,350 (15.6%) | $120,269 (-6.1%) | 0.00 | 48 |
| 2022-06-01 | $83,650 (-1.8%) | $114,693 (-14.5%) | 0.00 | 46 |
| 2022-07-01 | $83,000 (0.6%) | $126,706 (-2.9%) | 0.00 | 41 |
| 2022-08-01 | $92,300 (10.4%) | $126,837 (10.5%) | 0.00 | 55 |
| 2022-09-01 | $87,464 (13.0%) | $122,444 (21.2%) | 0.00 | 55 |
| 2022-10-01 | $103,900 (40.0%) | $144,458 (61.8%) | 0.00 | 53 |
| 2022-11-01 | $111,450 (53.0%) | $148,144 (63.4%) | 0.00 | 56 |
| 2022-12-01 | $92,950 (24.1%) | $138,339 (46.2%) | 0.00 | 57 |
| 2023-01-01 | $92,850 (24.0%) | $127,837 (30.4%) | 0.00 | 54 |
| 2023-02-01 | $107,300 (59.1%) | $134,416 (52.7%) | 0.00 | 39 |
| 2023-03-01 | $103,650 (45.5%) | $142,039 (39.3%) | 0.00 | 41 |
| 2023-04-01 | $117,400 (26.0%) | $148,376 (21.8%) | 0.00 | 38 |
| 2023-05-01 | $114,850 (20.5%) | $147,402 (22.6%) | 0.00 | 36 |
| 2023-06-01 | $112,000 (33.9%) | $162,933 (42.1%) | 0.00 | 36 |
| 2023-07-01 | $103,450 (24.6%) | $147,421 (16.4%) | 0.00 | 37 |
| 2023-08-01 | $147,425 (59.7%) | $162,332 (28.0%) | 0.00 | 38 |
| 2023-09-01 | $145,000 (65.8%) | $162,411 (32.6%) | 0.00 | 47 |
| 2023-10-01 | $138,550 (33.4%) | $160,802 (11.3%) | 0.00 | 56 |
| 2023-11-01 | $146,200 (31.2%) | $166,741 (12.6%) | 0.00 | 57 |
| 2023-12-01 | $140,000 (50.6%) | $161,155 (16.5%) | 0.00 | 49 |
| 2024-01-01 | $146,225 (57.5%) | $164,780 (28.9%) | 0.00 | 46 |
| 2024-02-01 | $134,450 (25.3%) | $166,759 (24.1%) | 0.00 | 38 |
| 2024-03-01 | $128,750 (24.2%) | $156,133 (9.9%) | 0.00 | 35 |
Taylorville's median listing price comes in at 0% of the national average.
Taylorville's average listing price for 2024-03-01 was $156,133, a difference of $14,094 (9.9%) versus the prior year and $-10,626 versus the prior month.
For the 2024-03-01 period, Taylorville had 35 MLS listings, a difference of -3 listings (-8%) versus the prior month and -6 listings (-15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Taylorville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,451 sqft |
| 2018-02-01 | 0 days | 1,432 sqft |
| 2018-03-01 | 0 days | 1,421 sqft |
| 2018-04-01 | 0 days | 1,473 sqft |
| 2018-05-01 | 0 days | 1,431 sqft |
| 2018-06-01 | 0 days | 1,432 sqft |
| 2018-07-01 | 0 days | 1,415 sqft |
| 2018-08-01 | 0 days | 1,346 sqft |
| 2018-09-01 | 0 days | 1,342 sqft |
| 2018-10-01 | 0 days | 1,269 sqft |
| 2018-11-01 | 0 days | 1,320 sqft |
| 2018-12-01 | 0 days | 1,335 sqft |
| 2019-01-01 | 0 days | 1,356 sqft |
| 2019-02-01 | 0 days | 1,375 sqft |
| 2019-03-01 | 0 days | 1,295 sqft |
| 2019-04-01 | 0 days | 1,307 sqft |
| 2019-05-01 | 0 days | 1,274 sqft |
| 2019-06-01 | 0 days | 1,302 sqft |
| 2019-07-01 | 0 days | 1,316 sqft |
| 2019-08-01 | 0 days | 1,372 sqft |
| 2019-09-01 | 0 days | 1,406 sqft |
| 2019-10-01 | 0 days | 1,456 sqft |
| 2019-11-01 | 0 days | 1,548 sqft |
| 2019-12-01 | 0 days | 1,540 sqft |
| 2020-01-01 | 0 days | 1,346 sqft |
| 2020-02-01 | 0 days | 1,373 sqft |
| 2020-03-01 | 0 days | 1,373 sqft |
| 2020-04-01 | 0 days | 1,398 sqft |
| 2020-05-01 | 0 days | 1,362 sqft |
| 2020-06-01 | 0 days | 1,290 sqft |
| 2020-07-01 | 0 days | 1,266 sqft |
| 2020-08-01 | 0 days | 1,296 sqft |
| 2020-09-01 | 0 days | 1,389 sqft |
| 2020-10-01 | 0 days | 1,296 sqft |
| 2020-11-01 | 0 days | 1,270 sqft |
| 2020-12-01 | 0 days | 1,383 sqft |
| 2021-01-01 | 0 days | 1,292 sqft |
| 2021-02-01 | 0 days | 1,296 sqft |
| 2021-03-01 | 0 days | 1,308 sqft |
| 2021-04-01 | 0 days | 1,253 sqft |
| 2021-05-01 | 0 days | 1,440 sqft |
| 2021-06-01 | 0 days | 1,296 sqft |
| 2021-07-01 | 0 days | 1,296 sqft |
| 2021-08-01 | 0 days | 1,164 sqft |
| 2021-09-01 | 0 days | 1,137 sqft |
| 2021-10-01 | 0 days | 1,135 sqft |
| 2021-11-01 | 0 days | 1,202 sqft |
| 2021-12-01 | 0 days | 1,200 sqft |
| 2022-01-01 | 0 days | 1,200 sqft |
| 2022-02-01 | 0 days | 1,104 sqft |
| 2022-03-01 | 0 days | 1,240 sqft |
| 2022-04-01 | 0 days | 1,343 sqft |
| 2022-05-01 | 0 days | 1,396 sqft |
| 2022-06-01 | 0 days | 1,351 sqft |
| 2022-07-01 | 0 days | 1,408 sqft |
| 2022-08-01 | 0 days | 1,380 sqft |
| 2022-09-01 | 0 days | 1,377 sqft |
| 2022-10-01 | 0 days | 1,444 sqft |
| 2022-11-01 | 0 days | 1,545 sqft |
| 2022-12-01 | 0 days | 1,392 sqft |
| 2023-01-01 | 0 days | 1,492 sqft |
| 2023-02-01 | 0 days | 1,592 sqft |
| 2023-03-01 | 0 days | 1,532 sqft |
| 2023-04-01 | 0 days | 1,467 sqft |
| 2023-05-01 | 0 days | 1,445 sqft |
| 2023-06-01 | 0 days | 1,623 sqft |
| 2023-07-01 | 0 days | 1,572 sqft |
| 2023-08-01 | 0 days | 1,690 sqft |
| 2023-09-01 | 0 days | 1,680 sqft |
| 2023-10-01 | 0 days | 1,654 sqft |
| 2023-11-01 | 0 days | 1,662 sqft |
| 2023-12-01 | 0 days | 1,659 sqft |
| 2024-01-01 | 0 days | 1,706 sqft |
| 2024-02-01 | 0 days | 1,680 sqft |
| 2024-03-01 | 0 days | 1,713 sqft |
Taylorville's median square footage for active listings during the 2024-03-01 period was 1,713 sqft. One year prior, the average listing was 1,532 sqft.