Alexandria USDA Loan Rates, Closing Costs & Stats

Alexandria, MN

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 6.55% for the week of 2024-07-12, compared to the national average (all USDA variants) of 6.672% for the same period.

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

The average rate for the prior week (2024-07-05) was 6.52% and one month ago for the week of 2024-06-07, the average rate was 6.78%.

The average rate one year ago was 6.56%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.57%.

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 $449,900 (6.9%) $508,352 (0.6%) 0.00 117
Alexandria's median listing price for 2024-06-01 was $449,900, a difference of $28,950 (6.9%) versus the prior year and $2,725 versus the prior month.

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

Alexandria's average listing price for 2024-06-01 was $508,352, a difference of $2,907 (0.6%) versus the prior year and $-8,891 versus the prior month.

For the 2024-06-01 period, Alexandria had 117 MLS listings, a difference of 16 listings (16%) versus the prior month and 29 listings (33%) 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
Alexandria's median listing age (time on market) for 2024-06-01 was 0 days.

Alexandria's median square footage for active listings during the 2024-06-01 period was 2,041 sqft. One year prior, the average listing was 1,954 sqft.