Alexandria USDA Loan Rates, Closing Costs & Stats

ALEXANDRIA, LA

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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.

    Alexandria's 19 lenders originated 72 USDA loans during 2023. The total origination value was $12,600,000, with an average USDA loan value of $175,000.

    Alexandria USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Alexandria averaged 6.29% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Alexandria's average USDA mortgage closing costs are $5,315.

    The average rate for the prior week (2024-12-06) was 6.43% and one month ago for the week of 2024-11-08, the average rate was 6.24%.

    The average rate one year ago was 6.51%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.4%.

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

    Alexandria 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 Alexandria level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GMFS LLC 13 6.44% $3,835
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.72% $7,767
    Red River Bank 11 5.94% $5,720
    HOMESIDE FINANCIAL, LLC 6 6.75% $7,911
    Sabine State Bank and Trust Company 6 6.69% $6,660
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.40% $7,658
    NEWREZ LLC 4 6.50% $6,061
    UNITED WHOLESALE MORTGAGE, LLC 3 5.58% $9,397
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.25% $10,449
    Equity Prime Mortgage LLC 1 7.38% $8,112
    Bank of England 1 6.25% $10,781
    MID AMERICA MORTGAGE, INC. 1 6.75% $4,233
    BancorpSouth 1 6.13% $4,975
    Assurance Financial Group, L.L.C. 1 7.75% $6,992
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $4,038
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $4,290
    TIB The Independent Bankersbank 1 5.88% $5,752
    TOWNE MORTGAGE COMPANY 1 8.25% $7,459
    AMCAP MORTGAGE, LTD. 1 5.75% $11,275

    The top Alexandria USDA lender as defined by loan originations is GMFS LLC, with 13 USDA loans originated. Their average total fees are $3,835, which is $3,932 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Alexandria USDA lenders (with over 10 loans originated) are GMFS LLC ($3,835), Red River Bank ($5,720), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,767), .

    The lowest rate Alexandria USDA lenders (with over 10 loans originated) are Red River Bank (5.94%), GMFS LLC (6.44%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.72%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Alexandria (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 $187,000 (1.5%) $234,350 (6.8%) 0.69 462
    2018-02-01 $189,700 (8.3%) $237,121 (7.7%) 0.69 472
    2018-03-01 $184,500 (5.4%) $229,224 (3.7%) 0.65 469
    2018-04-01 $182,000 (4.0%) $222,882 (2.6%) 0.62 489
    2018-05-01 $179,850 (2.2%) $219,882 (-2.4%) 0.60 499
    2018-06-01 $180,000 (0.2%) $220,272 (-4.7%) 0.60 528
    2018-07-01 $179,000 (0.7%) $219,806 (-6.0%) 0.60 537
    2018-08-01 $179,000 (-0.5%) $223,443 (-5.6%) 0.60 523
    2018-09-01 $180,000 (-0.4%) $225,669 (-5.9%) 0.61 538
    2018-10-01 $179,700 (-0.1%) $223,787 (-6.5%) 0.61 526
    2018-11-01 $174,975 (-3.2%) $215,347 (-8.8%) 0.59 523
    2018-12-01 $174,950 (-2.8%) $218,089 (-5.3%) 0.60 491
    2019-01-01 $179,700 (-3.9%) $226,000 (-3.6%) 0.62 470
    2019-02-01 $182,850 (-3.6%) $223,305 (-5.8%) 0.62 470
    2019-03-01 $188,214 (2.0%) $226,259 (-1.3%) 0.62 462
    2019-04-01 $195,675 (7.5%) $232,977 (4.5%) 0.62 461
    2019-05-01 $194,000 (7.9%) $234,672 (6.7%) 0.61 485
    2019-06-01 $199,900 (11.1%) $234,835 (6.6%) 0.62 527
    2019-07-01 $199,250 (11.3%) $230,867 (5.0%) 0.62 533
    2019-08-01 $194,491 (8.7%) $229,395 (2.7%) 0.62 516
    2019-09-01 $188,027 (4.5%) $229,633 (1.8%) 0.60 496
    2019-10-01 $186,918 (4.0%) $230,034 (2.8%) 0.60 481
    2019-11-01 $186,000 (6.3%) $226,779 (5.3%) 0.61 447
    2019-12-01 $179,900 (2.8%) $222,794 (2.2%) 0.60 467
    2020-01-01 $179,923 (0.1%) $217,930 (-3.6%) 0.60 459
    2020-02-01 $184,642 (1.0%) $217,608 (-2.6%) 0.60 477
    2020-03-01 $188,700 (0.3%) $226,675 (0.2%) 0.59 405
    2020-04-01 $189,900 (-3.0%) $230,032 (-1.3%) 0.59 368
    2020-05-01 $199,075 (2.6%) $244,151 (4.0%) 0.61 320
    2020-06-01 $214,475 (7.3%) $253,478 (7.9%) 0.63 286
    2020-07-01 $218,250 (9.5%) $260,046 (12.6%) 0.63 279
    2020-08-01 $219,250 (12.7%) $257,685 (12.3%) 0.63 286
    2020-09-01 $225,000 (19.7%) $266,897 (16.2%) 0.64 243
    2020-10-01 $231,900 (24.1%) $275,747 (19.9%) 0.66 235
    2020-11-01 $221,750 (19.2%) $267,526 (18.0%) 0.65 238
    2020-12-01 $216,200 (20.2%) $264,179 (18.6%) 0.64 237
    2021-01-01 $210,000 (16.7%) $266,687 (22.4%) 0.63 211
    2021-02-01 $208,750 (13.1%) $269,592 (23.9%) 0.61 186
    2021-03-01 $183,425 (-2.8%) $245,878 (8.5%) 0.52 158
    2021-04-01 $162,425 (-14.5%) $236,108 (2.6%) 0.44 150
    2021-05-01 $159,850 (-19.7%) $235,660 (-3.5%) 0.42 128
    2021-06-01 $173,425 (-19.1%) $253,156 (-0.1%) 0.46 158
    2021-07-01 $179,900 (-17.6%) $244,343 (-6.0%) 0.47 179
    2021-08-01 $176,400 (-19.5%) $232,226 (-9.9%) 0.47 180
    2021-09-01 $167,250 (-25.7%) $221,800 (-16.9%) 0.45 202
    2021-10-01 $169,950 (-26.7%) $224,631 (-18.5%) 0.45 192
    2021-11-01 $185,000 (-16.6%) $234,831 (-12.2%) 0.49 179
    2021-12-01 $185,000 (-14.4%) $230,580 (-12.7%) 0.50 180
    2022-01-01 $185,000 (-11.9%) $226,433 (-15.1%) 0.50 172
    2022-02-01 $187,750 (-10.1%) $233,677 (-13.3%) 0.49 170
    2022-03-01 $191,000 (4.1%) $233,146 (-5.2%) 0.48 156
    2022-04-01 $210,750 (29.8%) $239,507 (1.4%) 0.50 166
    2022-05-01 $222,950 (39.5%) $265,849 (12.8%) 0.51 199
    2022-06-01 $226,950 (30.9%) $273,374 (8.0%) 0.51 228
    2022-07-01 $224,900 (25.0%) $264,926 (8.4%) 0.51 261
    2022-08-01 $227,250 (28.8%) $273,258 (17.7%) 0.53 270
    2022-09-01 $220,475 (31.8%) $270,685 (22.0%) 0.52 268
    2022-10-01 $219,950 (29.4%) $266,309 (18.6%) 0.52 263
    2022-11-01 $222,000 (20.0%) $260,764 (11.0%) 0.53 268
    2022-12-01 $219,000 (18.4%) $253,342 (9.9%) 0.54 273
    2023-01-01 $201,213 (8.8%) $246,904 (9.0%) 0.50 262
    2023-02-01 $205,259 (9.3%) $250,462 (7.2%) 0.50 270
    2023-03-01 $209,000 (9.4%) $250,350 (7.4%) 0.49 272
    2023-04-01 $219,900 (4.3%) $256,745 (7.2%) 0.51 265
    2023-05-01 $222,625 (-0.2%) $268,425 (1.0%) 0.50 287
    2023-06-01 $235,350 (3.7%) $274,191 (0.3%) 0.53 301
    2023-07-01 $223,000 (-0.8%) $264,040 (-0.3%) 0.51 302
    2023-08-01 $220,000 (-3.2%) $253,154 (-7.4%) 0.51 353
    2023-09-01 $219,250 (-0.6%) $248,479 (-8.2%) 0.51 358
    2023-10-01 $222,250 (1.1%) $250,979 (-5.8%) 0.52 355
    2023-11-01 $229,250 (3.3%) $255,075 (-2.2%) 0.55 363
    2023-12-01 $224,900 (2.7%) $257,097 (1.5%) 0.55 370
    2024-01-01 $229,475 (14.1%) $262,481 (6.3%) 0.56 361
    2024-02-01 $229,000 (11.6%) $259,809 (3.7%) 0.55 362
    2024-03-01 $234,900 (12.4%) $269,101 (7.5%) 0.55 363
    2024-04-01 $235,000 (6.9%) $273,001 (6.3%) 0.55 368
    2024-05-01 $231,925 (4.2%) $274,766 (2.4%) 0.52 398
    2024-06-01 $229,900 (-2.3%) $269,564 (-1.7%) 0.52 426
    2024-07-01 $232,450 (4.2%) $277,624 (5.1%) 0.53 395
    2024-08-01 $229,950 (4.5%) $280,393 (10.8%) 0.53 374
    2024-09-01 $224,725 (2.5%) $272,989 (9.9%) 0.53 377
    2024-10-01 $229,900 (3.4%) $279,514 (11.4%) 0.54 377
    2024-11-01 $230,000 (0.3%) $290,276 (13.8%) 0.55 363
    Alexandria's median listing price for 2024-11-01 was $230,000, a difference of $750 (0.3%) versus the prior year and $100 versus the prior month.

    Alexandria's median listing price comes in at 55% of the national average.

    Alexandria's average listing price for 2024-11-01 was $290,276, a difference of $35,201 (13.8%) versus the prior year and $10,762 versus the prior month.

    For the 2024-11-01 period, Alexandria had 363 MLS listings, a difference of -14 listings (-4%) versus the prior month and 0 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Alexandria (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 90 days 1,982 sqft
    2018-02-01 93 days 2,000 sqft
    2018-03-01 86 days 1,969 sqft
    2018-04-01 75 days 1,920 sqft
    2018-05-01 71 days 1,880 sqft
    2018-06-01 72 days 1,869 sqft
    2018-07-01 72 days 1,850 sqft
    2018-08-01 77 days 1,865 sqft
    2018-09-01 86 days 1,890 sqft
    2018-10-01 86 days 1,893 sqft
    2018-11-01 90 days 1,887 sqft
    2018-12-01 96 days 1,870 sqft
    2019-01-01 101 days 1,897 sqft
    2019-02-01 95 days 1,905 sqft
    2019-03-01 88 days 1,910 sqft
    2019-04-01 75 days 1,939 sqft
    2019-05-01 65 days 1,952 sqft
    2019-06-01 65 days 1,977 sqft
    2019-07-01 68 days 1,954 sqft
    2019-08-01 73 days 1,940 sqft
    2019-09-01 80 days 1,920 sqft
    2019-10-01 86 days 1,906 sqft
    2019-11-01 86 days 1,885 sqft
    2019-12-01 88 days 1,851 sqft
    2020-01-01 91 days 1,851 sqft
    2020-02-01 87 days 1,851 sqft
    2020-03-01 72 days 1,868 sqft
    2020-04-01 84 days 1,881 sqft
    2020-05-01 85 days 1,919 sqft
    2020-06-01 92 days 1,917 sqft
    2020-07-01 68 days 1,965 sqft
    2020-08-01 50 days 1,949 sqft
    2020-09-01 62 days 2,007 sqft
    2020-10-01 72 days 2,030 sqft
    2020-11-01 71 days 2,008 sqft
    2020-12-01 81 days 2,028 sqft
    2021-01-01 81 days 2,000 sqft
    2021-02-01 76 days 2,006 sqft
    2021-03-01 58 days 1,829 sqft
    2021-04-01 57 days 1,830 sqft
    2021-05-01 49 days 1,767 sqft
    2021-06-01 32 days 1,795 sqft
    2021-07-01 38 days 1,801 sqft
    2021-08-01 45 days 1,758 sqft
    2021-09-01 46 days 1,751 sqft
    2021-10-01 59 days 1,750 sqft
    2021-11-01 66 days 1,809 sqft
    2021-12-01 63 days 1,816 sqft
    2022-01-01 69 days 1,825 sqft
    2022-02-01 61 days 1,815 sqft
    2022-03-01 53 days 1,769 sqft
    2022-04-01 50 days 1,773 sqft
    2022-05-01 46 days 1,823 sqft
    2022-06-01 40 days 1,889 sqft
    2022-07-01 38 days 1,887 sqft
    2022-08-01 58 days 1,849 sqft
    2022-09-01 63 days 1,826 sqft
    2022-10-01 61 days 1,835 sqft
    2022-11-01 68 days 1,815 sqft
    2022-12-01 75 days 1,816 sqft
    2023-01-01 80 days 1,810 sqft
    2023-02-01 74 days 1,833 sqft
    2023-03-01 67 days 1,847 sqft
    2023-04-01 69 days 1,849 sqft
    2023-05-01 67 days 1,917 sqft
    2023-06-01 63 days 1,922 sqft
    2023-07-01 57 days 1,881 sqft
    2023-08-01 53 days 1,860 sqft
    2023-09-01 54 days 1,833 sqft
    2023-10-01 66 days 1,866 sqft
    2023-11-01 68 days 1,895 sqft
    2023-12-01 75 days 1,876 sqft
    2024-01-01 81 days 1,885 sqft
    2024-02-01 81 days 1,862 sqft
    2024-03-01 70 days 1,870 sqft
    2024-04-01 65 days 1,869 sqft
    2024-05-01 54 days 1,860 sqft
    2024-06-01 57 days 1,867 sqft
    2024-07-01 66 days 1,907 sqft
    2024-08-01 66 days 1,947 sqft
    2024-09-01 72 days 1,878 sqft
    2024-10-01 77 days 1,943 sqft
    2024-11-01 85 days 1,955 sqft
    Alexandria's median listing age (time on market) for 2024-11-01 was 85 days. This is 26% longer than the same period one year ago.

    Alexandria's median square footage for active listings during the 2024-11-01 period was 1,955 sqft. One year prior, the average listing was 1,895 sqft.