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 6 lenders originated 8 USDA loans during 2022. The total origination value was $1,440,000, with an average USDA loan value of $180,000.
Alexandria USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Alexandria
averaged
6.48%
for the week of 2023-09-22, compared to the national average (all USDA variants) of
7.021% for the same period.
Alexandria's average USDA mortgage closing costs are $5,205.
The average rate for the prior week (2023-09-15) was
6.34% and
one month ago for the week of 2023-08-18, the
average rate was 6.64%.
The average rate one year ago was 5.37%.
For refis of the same type during the week of 2023-09-22, the average rate
was 6.26%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| EVERETT FINANCIAL, INC. | 2 | 5.88% | $4,231 |
| First Western Bank & Trust | 2 | 5.06% | $6,118 |
| Bank of England | 1 | 5.13% | $7,513 |
| CALIBER HOME LOANS, INC. | 1 | 5.63% | $10,925 |
| Flagstar Bank, FSB | 1 | 3.50% | $4,786 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 4.25% | $4,292 |
The top Alexandria USDA lender as defined by loan originations is EVERETT FINANCIAL, INC., with
2 USDA loans originated. Their average total fees are
$4,231, which is $1,887
lower than the next largest lender,
First Western Bank & Trust.
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%) | $288,635 (4.2%) | 0.00 | 195 |
| 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 (3.7%) | $312,167 (3.1%) | 0.00 | 232 |
| 2018-05-01 | $272,675 (9.1%) | $327,935 (8.7%) | 0.00 | 272 |
| 2018-06-01 | $269,900 (7.0%) | $327,272 (8.2%) | 0.00 | 300 |
| 2018-07-01 | $263,025 (2.7%) | $320,400 (0.6%) | 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 (4.5%) | 0.00 | 249 |
| 2018-12-01 | $279,900 (12.0%) | $329,281 (12.0%) | 0.00 | 202 |
| 2019-01-01 | $279,375 (11.8%) | $315,816 (9.4%) | 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%) | $346,932 (4.9%) | 0.00 | 101 |
| 2020-12-01 | $299,900 (3.8%) | $364,998 (11.4%) | 0.00 | 79 |
| 2021-01-01 | $299,900 (3.8%) | $353,081 (11.3%) | 0.00 | 60 |
| 2021-02-01 | $288,925 (-1.5%) | $349,147 (7.4%) | 0.00 | 63 |
| 2021-03-01 | $289,175 (-3.6%) | $350,731 (5.3%) | 0.00 | 50 |
| 2021-04-01 | $293,700 (-3.7%) | $385,181 (13.2%) | 0.00 | 55 |
| 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 (10.3%) | 0.00 | 64 |
| 2021-12-01 | $259,950 (-13.3%) | $351,820 (-3.6%) | 0.00 | 51 |
| 2022-01-01 | $225,000 (-25.0%) | $332,723 (-5.8%) | 0.00 | 40 |
| 2022-02-01 | $246,450 (-14.7%) | $346,520 (-0.8%) | 0.00 | 34 |
| 2022-03-01 | $272,950 (-5.6%) | $340,595 (-2.9%) | 0.00 | 41 |
| 2022-04-01 | $297,450 (1.3%) | $422,670 (9.7%) | 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 |
Alexandria's median listing price comes in at 0% of the national average.
Alexandria's average listing price for 2023-08-01 was $468,243, a difference of $-22,559 (-4.6%) versus the prior year and $-10,807 versus the prior month.
For the 2023-08-01 period, Alexandria had 106 MLS listings, a difference of 10 listings (10%) versus the prior month and 15 listings (16%) 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 | 1,944 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 | 1,991 sqft |
| 2019-01-01 | 0 days | 1,960 sqft |
| 2019-02-01 | 0 days | 1,914 sqft |
| 2019-03-01 | 0 days | 1,938 sqft |
| 2019-04-01 | 0 days | 1,956 sqft |
| 2019-05-01 | 0 days | 1,858 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 | 2,005 sqft |
| 2020-12-01 | 0 days | 1,953 sqft |
| 2021-01-01 | 0 days | 1,788 sqft |
| 2021-02-01 | 0 days | 1,820 sqft |
| 2021-03-01 | 0 days | 1,821 sqft |
| 2021-04-01 | 0 days | 1,946 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 | 1,872 sqft |
| 2021-11-01 | 0 days | 1,952 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 | 1,974 sqft |
| 2022-04-01 | 0 days | 2,016 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 |
Alexandria's median square footage for active listings during the 2023-08-01 period was 2,100 sqft. One year prior, the average listing was 1,825 sqft.