Aberdeen USDA Loan Rates, Closing Costs & Stats

Aberdeen, SD

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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.

    Aberdeen's 7 lenders originated 19 USDA loans during 2023. The total origination value was $3,195,000, with an average USDA loan value of $168,158.

    Aberdeen USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Aberdeen averaged 6.75% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Aberdeen's average USDA mortgage closing costs are $5,051.

    The average rate for the prior week (2024-04-12) was 6.71% and one month ago for the week of 2024-03-15, the average rate was 6.29%.

    The average rate one year ago was 6.33%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Aberdeen 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 Aberdeen level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CORTRUST MORTGAGE, INC. 5 6.23% $4,136
    Dacotah Bank 5 6.65% $3,961
    American Bank & Trust 4 6.03% $5,371
    First PREMIER Bank 2 5.94% $5,167
    Goldwater Bank, N.A. 1 7.00% $9,233
    Plains Commerce Bank 1 5.38% $4,447
    Reliabank Dakota 1 6.63% $9,801

    The top Aberdeen USDA lender as defined by loan originations is CORTRUST MORTGAGE, INC., with 5 USDA loans originated. Their average total fees are $4,136, which is $175 higher than the next largest lender, Dacotah Bank.

    The lowest fee Aberdeen USDA lenders (with over 10 loans originated) are .

    The lowest rate Aberdeen USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Aberdeen (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 $189,438 (-1.5%) $311,182 (42.1%) 0.00 159
    2018-02-01 $189,900 (0.1%) $306,719 (40.6%) 0.00 161
    2018-03-01 $212,500 (14.0%) $320,463 (52.7%) 0.00 154
    2018-04-01 $201,150 (8.8%) $217,767 (-2.3%) 0.00 164
    2018-05-01 $219,950 (10.3%) $236,529 (-0.3%) 0.00 175
    2018-06-01 $224,500 (12.3%) $244,378 (-1.4%) 0.00 180
    2018-07-01 $211,600 (1.0%) $238,603 (-7.4%) 0.00 182
    2018-08-01 $192,050 (-3.0%) $224,777 (-19.3%) 0.00 193
    2018-09-01 $194,900 (8.3%) $231,843 (-12.4%) 0.00 187
    2018-10-01 $209,900 (17.6%) $229,849 (-12.8%) 0.00 179
    2018-11-01 $204,900 (20.6%) $229,712 (-10.3%) 0.00 174
    2018-12-01 $202,450 (7.1%) $224,738 (-17.3%) 0.00 149
    2019-01-01 $198,675 (4.9%) $224,183 (-28.0%) 0.00 140
    2019-02-01 $202,400 (6.6%) $224,940 (-26.7%) 0.00 136
    2019-03-01 $194,214 (-8.6%) $220,274 (-31.3%) 0.00 135
    2019-04-01 $190,439 (-5.3%) $219,937 (1.0%) 0.00 136
    2019-05-01 $212,400 (-3.4%) $236,533 (0.0%) 0.00 143
    2019-06-01 $188,900 (-15.9%) $229,881 (-5.9%) 0.00 153
    2019-07-01 $179,900 (-15.0%) $230,261 (-3.5%) 0.00 164
    2019-08-01 $175,809 (-8.5%) $223,407 (-0.6%) 0.00 180
    2019-09-01 $169,673 (-12.9%) $221,876 (-4.3%) 0.00 193
    2019-10-01 $166,082 (-20.9%) $222,097 (-3.4%) 0.00 198
    2019-11-01 $164,900 (-19.5%) $224,996 (-2.1%) 0.00 175
    2019-12-01 $159,000 (-21.5%) $218,883 (-2.6%) 0.00 157
    2020-01-01 $157,950 (-20.5%) $225,141 (0.4%) 0.00 132
    2020-02-01 $175,000 (-13.5%) $249,651 (11.0%) 0.00 121
    2020-03-01 $192,700 (-0.8%) $244,074 (10.8%) 0.00 132
    2020-04-01 $197,900 (3.9%) $246,304 (12.0%) 0.00 139
    2020-05-01 $197,450 (-7.0%) $249,341 (5.4%) 0.00 140
    2020-06-01 $175,450 (-7.1%) $237,079 (3.1%) 0.00 132
    2020-07-01 $176,000 (-2.2%) $234,378 (1.8%) 0.00 117
    2020-08-01 $162,000 (-7.9%) $228,428 (2.3%) 0.00 107
    2020-09-01 $192,650 (13.5%) $240,789 (8.5%) 0.00 101
    2020-10-01 $174,900 (5.3%) $221,927 (-0.1%) 0.00 107
    2020-11-01 $172,350 (4.5%) $220,680 (-1.9%) 0.00 96
    2020-12-01 $159,950 (0.6%) $210,217 (-4.0%) 0.00 85
    2021-01-01 $159,900 (1.2%) $193,228 (-14.2%) 0.00 78
    2021-02-01 $159,900 (-8.6%) $187,895 (-24.7%) 0.00 75
    2021-03-01 $150,000 (-22.2%) $194,515 (-20.3%) 0.00 72
    2021-04-01 $157,500 (-20.4%) $213,582 (-13.3%) 0.00 68
    2021-05-01 $160,000 (-19.0%) $212,078 (-14.9%) 0.00 62
    2021-06-01 $176,900 (0.8%) $212,972 (-10.2%) 0.00 65
    2021-07-01 $191,200 (8.6%) $228,265 (-2.6%) 0.00 67
    2021-08-01 $221,300 (36.6%) $256,875 (12.5%) 0.00 65
    2021-09-01 $209,925 (9.0%) $251,741 (4.6%) 0.00 65
    2021-10-01 $229,900 (31.5%) $261,400 (17.8%) 0.00 66
    2021-11-01 $223,400 (29.6%) $263,911 (19.6%) 0.00 59
    2021-12-01 $232,675 (45.5%) $265,257 (26.2%) 0.00 54
    2022-01-01 $255,000 (59.5%) $281,741 (45.8%) 0.00 31
    2022-02-01 $267,450 (67.3%) $307,565 (63.7%) 0.00 29
    2022-03-01 $217,450 (45.0%) $297,349 (52.9%) 0.00 30
    2022-04-01 $259,950 (65.1%) $286,700 (34.2%) 0.00 37
    2022-05-01 $242,200 (51.4%) $261,536 (23.3%) 0.00 39
    2022-06-01 $224,425 (26.9%) $266,144 (25.0%) 0.00 59
    2022-07-01 $235,325 (23.1%) $263,331 (15.4%) 0.00 47
    2022-08-01 $259,750 (17.4%) $294,765 (14.8%) 0.00 53
    2022-09-01 $217,675 (3.7%) $276,873 (10.0%) 0.00 48
    2022-10-01 $209,900 (-8.7%) $259,504 (-0.7%) 0.00 50
    2022-11-01 $210,950 (-5.6%) $260,205 (-1.4%) 0.00 42
    2022-12-01 $204,900 (-11.9%) $262,098 (-1.2%) 0.00 41
    2023-01-01 $207,400 (-18.7%) $265,979 (-5.6%) 0.00 33
    2023-02-01 $209,950 (-21.5%) $266,073 (-13.5%) 0.00 33
    2023-03-01 $238,075 (9.5%) $268,077 (-9.8%) 0.00 35
    2023-04-01 $272,500 (4.8%) $317,249 (10.7%) 0.00 56
    2023-05-01 $285,725 (18.0%) $317,951 (21.6%) 0.00 59
    2023-06-01 $274,700 (22.4%) $301,630 (13.3%) 0.00 63
    2023-07-01 $259,900 (10.4%) $301,513 (14.5%) 0.00 73
    2023-08-01 $254,450 (-2.0%) $318,940 (8.2%) 0.00 71
    2023-09-01 $299,450 (37.6%) $342,510 (23.7%) 0.00 73
    2023-10-01 $244,300 (16.4%) $324,711 (25.1%) 0.00 103
    2023-11-01 $240,825 (14.2%) $304,859 (17.2%) 0.00 136
    2023-12-01 $234,900 (14.6%) $307,485 (17.3%) 0.00 89
    2024-01-01 $208,600 (0.6%) $271,375 (2.0%) 0.00 78
    2024-02-01 $197,100 (-6.1%) $261,881 (-1.6%) 0.00 73
    2024-03-01 $207,450 (-12.9%) $277,876 (3.7%) 0.00 76
    Aberdeen's median listing price for 2024-03-01 was $207,450, a difference of $-30,625 (-12.9%) versus the prior year and $10,350 versus the prior month.

    Aberdeen's median listing price comes in at 0% of the national average.

    Aberdeen's average listing price for 2024-03-01 was $277,876, a difference of $9,799 (3.7%) versus the prior year and $15,995 versus the prior month.

    For the 2024-03-01 period, Aberdeen had 76 MLS listings, a difference of 3 listings (4%) versus the prior month and 41 listings (117%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Aberdeen (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,110 sqft
    2018-02-01 0 days 2,152 sqft
    2018-03-01 0 days 2,225 sqft
    2018-04-01 0 days 2,169 sqft
    2018-05-01 0 days 2,200 sqft
    2018-06-01 0 days 2,272 sqft
    2018-07-01 0 days 2,199 sqft
    2018-08-01 0 days 2,184 sqft
    2018-09-01 0 days 2,272 sqft
    2018-10-01 0 days 2,196 sqft
    2018-11-01 0 days 2,188 sqft
    2018-12-01 0 days 2,156 sqft
    2019-01-01 0 days 2,131 sqft
    2019-02-01 0 days 2,150 sqft
    2019-03-01 0 days 2,130 sqft
    2019-04-01 0 days 2,125 sqft
    2019-05-01 0 days 2,232 sqft
    2019-06-01 0 days 2,244 sqft
    2019-07-01 0 days 2,180 sqft
    2019-08-01 0 days 2,139 sqft
    2019-09-01 0 days 2,126 sqft
    2019-10-01 0 days 2,123 sqft
    2019-11-01 0 days 2,150 sqft
    2019-12-01 0 days 2,170 sqft
    2020-01-01 0 days 2,192 sqft
    2020-02-01 0 days 2,360 sqft
    2020-03-01 0 days 2,414 sqft
    2020-04-01 0 days 2,376 sqft
    2020-05-01 0 days 2,362 sqft
    2020-06-01 0 days 2,347 sqft
    2020-07-01 0 days 2,392 sqft
    2020-08-01 0 days 2,240 sqft
    2020-09-01 0 days 2,509 sqft
    2020-10-01 0 days 2,496 sqft
    2020-11-01 0 days 2,431 sqft
    2020-12-01 0 days 2,235 sqft
    2021-01-01 0 days 2,146 sqft
    2021-02-01 0 days 2,128 sqft
    2021-03-01 0 days 2,142 sqft
    2021-04-01 0 days 2,133 sqft
    2021-05-01 0 days 2,228 sqft
    2021-06-01 0 days 2,146 sqft
    2021-07-01 0 days 2,148 sqft
    2021-08-01 0 days 2,422 sqft
    2021-09-01 0 days 2,357 sqft
    2021-10-01 0 days 2,478 sqft
    2021-11-01 0 days 2,365 sqft
    2021-12-01 0 days 2,429 sqft
    2022-01-01 0 days 2,478 sqft
    2022-02-01 0 days 2,660 sqft
    2022-03-01 0 days 2,327 sqft
    2022-04-01 0 days 2,250 sqft
    2022-05-01 0 days 2,272 sqft
    2022-06-01 0 days 2,188 sqft
    2022-07-01 0 days 2,280 sqft
    2022-08-01 0 days 2,536 sqft
    2022-09-01 0 days 2,258 sqft
    2022-10-01 0 days 2,250 sqft
    2022-11-01 0 days 2,202 sqft
    2022-12-01 0 days 2,177 sqft
    2023-01-01 0 days 2,227 sqft
    2023-02-01 0 days 2,283 sqft
    2023-03-01 0 days 2,261 sqft
    2023-04-01 0 days 2,245 sqft
    2023-05-01 0 days 2,251 sqft
    2023-06-01 0 days 2,189 sqft
    2023-07-01 0 days 2,060 sqft
    2023-08-01 0 days 2,207 sqft
    2023-09-01 0 days 2,298 sqft
    2023-10-01 0 days 2,257 sqft
    2023-11-01 0 days 2,236 sqft
    2023-12-01 0 days 2,236 sqft
    2024-01-01 0 days 2,052 sqft
    2024-02-01 0 days 2,092 sqft
    2024-03-01 0 days 2,092 sqft
    Aberdeen's median listing age (time on market) for 2024-03-01 was 0 days.

    Aberdeen's median square footage for active listings during the 2024-03-01 period was 2,092 sqft. One year prior, the average listing was 2,261 sqft.