Alexandria USDA Loan Rates, Closing Costs & Stats

Alexandria, MN

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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 9 lenders originated 10 USDA loans during 2023. The total origination value was $1,740,000, with an average USDA loan value of $174,000.

    Alexandria USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Alexandria averaged 0.18% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Alexandria's average USDA mortgage closing costs are $5,330.

    The average rate for the prior week (2024-11-08) was 6.23% and one month ago for the week of 2024-10-11, the average rate was 5.89%.

    The average rate one year ago was 7.52%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

    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
    Paramount Residential Mortgage Group, Inc. 2 6.75% $8,835
    Bremer Bank 1 6.88% $6,551
    CRESCENT MORTGAGE COMPANY 1 6.50% $3,364
    Flagstar Bank, FSB 1 6.25% $5,787
    GUARANTEED RATE, INC. 1 6.75% $5,921
    PLAZA HOME MORTGAGE, INC. 1 6.49% $5,347
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.75% $14,529
    American Mortgage & Equity Consultants, Inc. 1 8.13% $5,458
    UNITED WHOLESALE MORTGAGE, LLC 1 6.00% $10,382

    The top Alexandria USDA lender as defined by loan originations is Paramount Residential Mortgage Group, Inc., with 2 USDA loans originated. Their average total fees are $8,835, which is $2,284 higher than the next largest lender, Bremer Bank.

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

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

    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 $249,900 (8.8%) $288,883 (4.2%) 0.00 194
    2018-02-01 $249,900 (6.1%) $292,205 (2.9%) 0.00 199
    2018-03-01 $257,000 (4.4%) $308,598 (4.3%) 0.00 207
    2018-04-01 $265,950 (3.1%) $312,167 (2.8%) 0.00 232
    2018-05-01 $272,675 (9.1%) $327,935 (8.7%) 0.00 272
    2018-06-01 $269,900 (8.0%) $327,272 (8.2%) 0.00 300
    2018-07-01 $263,025 (3.2%) $320,400 (0.5%) 0.00 313
    2018-08-01 $266,750 (2.6%) $319,738 (-1.3%) 0.00 330
    2018-09-01 $264,950 (2.1%) $315,160 (-3.0%) 0.00 346
    2018-10-01 $273,950 (9.6%) $315,930 (4.1%) 0.00 297
    2018-11-01 $277,500 (11.0%) $316,317 (4.4%) 0.00 249
    2018-12-01 $279,900 (12.0%) $329,281 (11.9%) 0.00 202
    2019-01-01 $279,375 (11.8%) $315,816 (9.3%) 0.00 177
    2019-02-01 $277,000 (10.8%) $315,105 (7.8%) 0.00 171
    2019-03-01 $284,186 (10.6%) $323,421 (4.8%) 0.00 187
    2019-04-01 $289,900 (9.0%) $333,288 (6.8%) 0.00 216
    2019-05-01 $284,900 (4.5%) $321,555 (-2.0%) 0.00 255
    2019-06-01 $274,900 (1.9%) $318,104 (-2.8%) 0.00 265
    2019-07-01 $271,350 (3.2%) $312,958 (-2.3%) 0.00 261
    2019-08-01 $276,973 (3.8%) $317,308 (-0.8%) 0.00 260
    2019-09-01 $281,432 (6.2%) $321,156 (1.9%) 0.00 251
    2019-10-01 $285,200 (4.1%) $324,090 (2.6%) 0.00 243
    2019-11-01 $294,950 (6.3%) $330,863 (4.6%) 0.00 213
    2019-12-01 $288,925 (3.2%) $327,795 (-0.5%) 0.00 189
    2020-01-01 $288,900 (3.4%) $317,282 (0.5%) 0.00 148
    2020-02-01 $293,450 (5.9%) $325,169 (3.2%) 0.00 144
    2020-03-01 $299,900 (5.5%) $333,156 (3.0%) 0.00 156
    2020-04-01 $304,950 (5.2%) $340,394 (2.1%) 0.00 173
    2020-05-01 $309,000 (8.5%) $349,361 (8.7%) 0.00 193
    2020-06-01 $304,425 (10.7%) $346,123 (8.8%) 0.00 184
    2020-07-01 $315,900 (16.4%) $342,704 (9.5%) 0.00 169
    2020-08-01 $319,950 (15.5%) $353,085 (11.3%) 0.00 168
    2020-09-01 $317,950 (13.0%) $354,701 (10.5%) 0.00 154
    2020-10-01 $315,000 (10.5%) $367,161 (13.3%) 0.00 139
    2020-11-01 $299,900 (1.7%) $347,459 (5.0%) 0.00 101
    2020-12-01 $299,900 (3.8%) $366,938 (11.9%) 0.00 78
    2021-01-01 $299,900 (3.8%) $355,964 (12.2%) 0.00 59
    2021-02-01 $288,950 (-1.5%) $351,978 (8.2%) 0.00 62
    2021-03-01 $292,175 (-2.6%) $353,984 (6.3%) 0.00 49
    2021-04-01 $293,700 (-3.7%) $388,930 (14.3%) 0.00 54
    2021-05-01 $299,900 (-2.9%) $373,931 (7.0%) 0.00 64
    2021-06-01 $303,225 (-0.4%) $368,559 (6.5%) 0.00 85
    2021-07-01 $298,000 (-5.7%) $368,592 (7.6%) 0.00 90
    2021-08-01 $303,725 (-5.1%) $373,224 (5.7%) 0.00 104
    2021-09-01 $314,250 (-1.2%) $364,135 (2.7%) 0.00 109
    2021-10-01 $299,950 (-4.8%) $375,928 (2.4%) 0.00 83
    2021-11-01 $298,000 (-0.6%) $382,666 (10.1%) 0.00 64
    2021-12-01 $259,950 (-13.3%) $351,820 (-4.1%) 0.00 51
    2022-01-01 $225,000 (-25.0%) $332,723 (-6.5%) 0.00 40
    2022-02-01 $246,450 (-14.7%) $346,520 (-1.6%) 0.00 34
    2022-03-01 $272,950 (-6.6%) $340,595 (-3.8%) 0.00 41
    2022-04-01 $297,450 (1.3%) $422,670 (8.7%) 0.00 50
    2022-05-01 $317,975 (6.0%) $446,217 (19.3%) 0.00 62
    2022-06-01 $312,450 (3.0%) $466,911 (26.7%) 0.00 78
    2022-07-01 $319,900 (7.4%) $461,892 (25.3%) 0.00 94
    2022-08-01 $345,925 (13.9%) $490,802 (31.5%) 0.00 91
    2022-09-01 $334,000 (6.3%) $443,391 (21.8%) 0.00 86
    2022-10-01 $329,000 (9.7%) $451,209 (20.0%) 0.00 82
    2022-11-01 $313,700 (5.3%) $468,012 (22.3%) 0.00 66
    2022-12-01 $307,500 (18.3%) $438,613 (24.7%) 0.00 59
    2023-01-01 $308,500 (37.1%) $369,708 (11.1%) 0.00 48
    2023-02-01 $308,750 (25.3%) $399,053 (15.2%) 0.00 45
    2023-03-01 $339,000 (24.2%) $393,610 (15.6%) 0.00 47
    2023-04-01 $397,450 (33.6%) $442,114 (4.6%) 0.00 42
    2023-05-01 $397,400 (25.0%) $448,441 (0.5%) 0.00 64
    2023-06-01 $420,950 (34.7%) $505,445 (8.3%) 0.00 88
    2023-07-01 $419,900 (31.3%) $479,050 (3.7%) 0.00 96
    2023-08-01 $397,450 (14.9%) $468,243 (-4.6%) 0.00 106
    2023-09-01 $388,700 (16.4%) $445,381 (0.5%) 0.00 115
    2023-10-01 $386,850 (17.6%) $449,127 (-0.5%) 0.00 110
    2023-11-01 $391,000 (24.6%) $450,927 (-3.7%) 0.00 98
    2023-12-01 $397,375 (29.2%) $465,096 (6.0%) 0.00 74
    2024-01-01 $392,450 (27.2%) $464,047 (25.5%) 0.00 63
    2024-02-01 $399,400 (29.4%) $450,971 (13.0%) 0.00 69
    2024-03-01 $435,000 (28.3%) $495,048 (25.8%) 0.00 80
    2024-04-01 $434,225 (9.3%) $512,517 (15.9%) 0.00 94
    2024-05-01 $447,175 (12.5%) $517,243 (15.3%) 0.00 101
    2024-06-01 $444,900 (5.7%) $506,159 (0.1%) 0.00 117
    2024-07-01 $439,900 (4.8%) $506,057 (5.6%) 0.00 134
    2024-08-01 $437,450 (10.1%) $500,976 (7.0%) 0.00 132
    2024-09-01 $418,675 (7.7%) $493,971 (10.9%) 0.00 128
    2024-10-01 $438,500 (13.4%) $518,560 (15.5%) 0.00 135
    Alexandria's median listing price for 2024-10-01 was $438,500, a difference of $51,650 (13.4%) versus the prior year and $19,825 versus the prior month.

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

    Alexandria's average listing price for 2024-10-01 was $518,560, a difference of $69,433 (15.5%) versus the prior year and $24,589 versus the prior month.

    For the 2024-10-01 period, Alexandria had 135 MLS listings, a difference of 7 listings (5%) versus the prior month and 25 listings (23%) 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 0 days 1,969 sqft
    2018-02-01 0 days 2,065 sqft
    2018-03-01 0 days 2,091 sqft
    2018-04-01 0 days 2,105 sqft
    2018-05-01 0 days 2,028 sqft
    2018-06-01 0 days 1,917 sqft
    2018-07-01 0 days 1,922 sqft
    2018-08-01 0 days 1,935 sqft
    2018-09-01 0 days 1,934 sqft
    2018-10-01 0 days 1,968 sqft
    2018-11-01 0 days 1,873 sqft
    2018-12-01 0 days 1,981 sqft
    2019-01-01 0 days 1,949 sqft
    2019-02-01 0 days 1,906 sqft
    2019-03-01 0 days 1,934 sqft
    2019-04-01 0 days 1,953 sqft
    2019-05-01 0 days 1,848 sqft
    2019-06-01 0 days 1,820 sqft
    2019-07-01 0 days 1,820 sqft
    2019-08-01 0 days 1,855 sqft
    2019-09-01 0 days 1,909 sqft
    2019-10-01 0 days 1,935 sqft
    2019-11-01 0 days 1,920 sqft
    2019-12-01 0 days 1,905 sqft
    2020-01-01 0 days 1,825 sqft
    2020-02-01 0 days 1,854 sqft
    2020-03-01 0 days 1,880 sqft
    2020-04-01 0 days 1,884 sqft
    2020-05-01 0 days 1,992 sqft
    2020-06-01 0 days 2,015 sqft
    2020-07-01 0 days 2,051 sqft
    2020-08-01 0 days 2,147 sqft
    2020-09-01 0 days 2,267 sqft
    2020-10-01 0 days 2,260 sqft
    2020-11-01 0 days 2,016 sqft
    2020-12-01 0 days 1,975 sqft
    2021-01-01 0 days 1,792 sqft
    2021-02-01 0 days 1,820 sqft
    2021-03-01 0 days 1,838 sqft
    2021-04-01 0 days 1,980 sqft
    2021-05-01 0 days 1,808 sqft
    2021-06-01 0 days 1,905 sqft
    2021-07-01 0 days 2,031 sqft
    2021-08-01 0 days 1,940 sqft
    2021-09-01 0 days 1,916 sqft
    2021-10-01 0 days 1,853 sqft
    2021-11-01 0 days 1,951 sqft
    2021-12-01 0 days 1,785 sqft
    2022-01-01 0 days 1,823 sqft
    2022-02-01 0 days 2,048 sqft
    2022-03-01 0 days 1,966 sqft
    2022-04-01 0 days 2,048 sqft
    2022-05-01 0 days 1,653 sqft
    2022-06-01 0 days 1,702 sqft
    2022-07-01 0 days 1,642 sqft
    2022-08-01 0 days 1,825 sqft
    2022-09-01 0 days 1,590 sqft
    2022-10-01 0 days 1,792 sqft
    2022-11-01 0 days 1,709 sqft
    2022-12-01 0 days 1,623 sqft
    2023-01-01 0 days 1,624 sqft
    2023-02-01 0 days 1,690 sqft
    2023-03-01 0 days 1,724 sqft
    2023-04-01 0 days 1,665 sqft
    2023-05-01 0 days 1,750 sqft
    2023-06-01 0 days 1,954 sqft
    2023-07-01 0 days 2,029 sqft
    2023-08-01 0 days 2,100 sqft
    2023-09-01 0 days 2,081 sqft
    2023-10-01 0 days 2,059 sqft
    2023-11-01 0 days 2,016 sqft
    2023-12-01 0 days 2,010 sqft
    2024-01-01 0 days 1,985 sqft
    2024-02-01 0 days 1,958 sqft
    2024-03-01 0 days 2,028 sqft
    2024-04-01 0 days 2,037 sqft
    2024-05-01 0 days 2,083 sqft
    2024-06-01 0 days 2,041 sqft
    2024-07-01 0 days 2,081 sqft
    2024-08-01 0 days 2,095 sqft
    2024-09-01 0 days 2,051 sqft
    2024-10-01 0 days 2,147 sqft
    Alexandria's median listing age (time on market) for 2024-10-01 was 0 days.

    Alexandria's median square footage for active listings during the 2024-10-01 period was 2,147 sqft. One year prior, the average listing was 2,059 sqft.