Illinois USDA Loan Rates, Closing Costs & Stats

Illinois

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    • 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.

    Illinois USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Illinois averaged 6.52% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

    Illinois's average USDA mortgage closing costs are $3,738.

    The average rate for the prior week (2025-03-28) was 6.88% and one month ago for the week of 2025-02-28, the average rate was 6.73%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.17%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Illinois 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 Illinois level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 83 6.76% $4,276
    Community Mortgage Banc Corporation 64 6.47% $3,805
    BROKER SOLUTIONS, INC. 60 7.07% $5,356
    FIRST STATE MORTGAGE SERVICES, LLC 57 6.64% $4,016
    GUILD MORTGAGE COMPANY 40 6.56% $5,087
    Petefish, Skiles & Co. 33 6.52% $3,264
    DAS Acquisition Company, LLC 31 7.09% $4,648
    United Community Bank 27 6.27% $3,160
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 25 6.75% $6,146
    Equity Prime Mortgage LLC 25 6.35% $5,459
    First Mid Bank & Trust 25 6.06% $3,401
    CROSSCOUNTRY MORTGAGE, LLC 24 6.70% $5,113
    GUARANTEED RATE, INC. 22 6.69% $5,374
    Flanagan State Bank 21 6.48% $4,864
    GERSHMAN INVESTMENT CORP. 21 6.88% $3,932
    Peoples National Bank , N.A. 20 6.48% $4,100
    FCB Banks 18 5.78% $4,009
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 17 6.93% $4,839
    AFFORDABLE MORTGAGE ADVISORS, LLC. 14 7.04% $4,552
    Midland States Bank 13 6.66% $4,446
    U.S. Bank 12 6.80% $4,660
    LOANDEPOT.COM, LLC 12 6.63% $7,043
    Heartland Bank and Trust Company 12 6.93% $4,816
    UNITED WHOLESALE MORTGAGE, LLC 11 6.42% $6,633
    DELMAR FINANCIAL COMPANY 9 6.68% $5,117
    RUOFF MORTGAGE COMPANY, INC. 9 6.83% $3,150
    Ixonia Bank 7 7.07% $6,819
    LEADERONE FINANCIAL CORPORATION 7 6.89% $5,101
    COMPASS MORTGAGE, INC. 7 6.91% $6,379
    NEWREZ LLC 7 6.98% $5,390
    TOP FLITE FINANCIAL, INC. 6 6.96% $5,160
    Carrollton Bank 6 6.06% $3,575
    Regions Bank 6 6.65% $4,557
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.96% $4,113
    The First National Bank of Ottawa 5 6.80% $7,384
    Flagstar Bank, FSB 5 6.45% $3,905
    First Bankers Trust Company 5 6.70% $3,728
    Plains Commerce Bank 4 6.69% $3,948
    Cornerstone First Mortgage, Inc 4 5.87% $6,919
    THOMPSON KANE & COMPANY, LLC 4 6.69% $4,846
    MLD MORTGAGE INC. 4 6.56% $5,847
    Bankers' Bank 4 7.03% $4,972
    First Federal Bank 4 6.50% $4,080
    MEMBER FIRST MORTGAGE, LLC 4 6.34% $5,193
    Mortgage Research Center, LLC 3 6.71% $2,899
    Bank of Pontiac 3 7.13% $4,621
    Busey Bank 3 6.04% $3,924
    CNB Bank And Trust, N.A. 3 7.63% $3,277
    FirstTrust Home Loans, Inc. 3 6.92% $3,638
    INB 3 6.88% $3,571
    MOVEMENT MORTGAGE, LLC 3 7.42% $5,122
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.08% $6,908
    PLAZA HOME MORTGAGE, INC. 3 5.87% $6,726
    SUCCESS MORTGAGE PARTNERS, INC. 3 7.29% $5,307
    TOWNE MORTGAGE COMPANY 3 5.63% $6,616
    PENNYMAC LOAN SERVICES, LLC 2 5.75% $4,120
    EVERETT FINANCIAL, INC. 2 7.13% $1,864
    Servion, Inc. 2 6.81% $6,591
    American Bank and Trust Company 2 6.18% $5,743
    Barrington Bank & Trust Company, N.A. 2 7.25% $3,880
    EVANSVILLE TEACHERS 2 6.38% $3,301
    Wolfe Financial, Inc 2 7.06% $3,972
    NP, Inc. 2 6.06% $5,538
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.94% $6,271
    GENEVA FINANCIAL, LLC 2 6.81% $8,901
    NVR Mortgage Finance, Inc. 2 5.38% $7,144
    PNC Bank 2 6.44% $3,406
    Paramount Residential Mortgage Group, Inc. 1 6.00% $3,658
    ENVOY MORTGAGE, LTD 1 7.13% $5,813
    PLANET HOME LENDING, LLC 1 6.25% $6,144
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.13% $12,624
    POINT Mortgage 1 6.50% $5,193
    ENDEAVOR CAPITAL, LLC. 1 6.75% $5,132
    RANLIFE, INC. 1 6.25% $8,375
    CIBM Bank 1 6.87% $4,251
    Residential Acceptance Corporation 1 8.00% $8,271
    ROYAL UNITED MORTGAGE LLC 1 7.25% $7,795
    RUHL MORTGAGE, LLC 1 5.99% $3,933
    CALCON MUTUAL MORTGAGE LLC 1 6.38% $4,700
    S1L, Inc. 1 6.25% $4,381
    Bank of England 1 6.25% $7,535
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $7,330
    HOMESIDE FINANCIAL, LLC 1 7.13% $4,187
    FREEDOM MORTGAGE CORPORATION 1 6.75% $4,016
    First State Bank of St. Charles, Missouri 1 5.75% $4,196
    Fortress Bank 1 6.88% $3,493
    MID AMERICA MORTGAGE, INC. 1 6.63% $2,305
    First National Bank of Omaha 1 7.00% $4,580
    Midwest BankCentre 1 5.63% $4,571
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.63% $4,774
    First Financial Bank 1 7.00% $4,181
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $5,808
    Fifth Third Bank 1 6.75% $5,142
    NFM, INC. 1 6.13% $6,020
    NORWICH COMMERCIAL GROUP, INC. 1 5.75% $5,957
    Old National Bank 1 6.00% $3,752
    Paramount Bank 1 6.63% $4,781

    The top Illinois USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 83 USDA loans originated. Their average total fees are $4,276, which is $470 higher than the next largest lender, Community Mortgage Banc Corporation.

    The lowest fee Illinois USDA lenders (with over 10 loans originated) are United Community Bank ($3,160), Petefish, Skiles & Co. ($3,264), First Mid Bank & Trust ($3,401), Community Mortgage Banc Corporation ($3,805) and GERSHMAN INVESTMENT CORP. ($3,932).

    The lowest rate Illinois USDA lenders (with over 10 loans originated) are FCB Banks (5.78%), First Mid Bank & Trust (6.06%), United Community Bank (6.27%), Equity Prime Mortgage LLC (6.35%) and UNITED WHOLESALE MORTGAGE, LLC (6.42%).