Bemidji USDA Loan Rates, Closing Costs & Stats

Bemidji, 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.

    Bemidji's 3 lenders originated 3 USDA loans during 2023. The total origination value was $335,000, with an average USDA loan value of $111,667.

    Bemidji USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Bemidji averaged -0.09% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Bemidji's average USDA mortgage closing costs are $5,146.

    The average rate for the prior week (2024-11-08) was 6.67% and one month ago for the week of 2024-10-11, the average rate was 6.13%.

    The average rate one year ago was 7.56%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.2%.

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

    Bemidji 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 Bemidji level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $5,373
    Flagstar Bank, FSB 1 5.50% $7,430
    Lend Smart Mortgage, LLC 1 5.75% $5,075

    The top Bemidji USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with 1 USDA loans originated. Their average total fees are $5,373, which is $2,057 lower than the next largest lender, Flagstar Bank, FSB.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bemidji (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 $212,400 (0.1%) $236,309 (-3.8%) 0.00 190
    2018-02-01 $219,900 (1.2%) $246,903 (0.3%) 0.00 187
    2018-03-01 $239,800 (1.7%) $263,924 (3.5%) 0.00 184
    2018-04-01 $245,350 (7.3%) $276,988 (10.6%) 0.00 197
    2018-05-01 $243,475 (1.8%) $280,704 (10.1%) 0.00 216
    2018-06-01 $239,850 (0.0%) $276,597 (9.0%) 0.00 254
    2018-07-01 $234,875 (-2.1%) $270,111 (5.0%) 0.00 279
    2018-08-01 $229,450 (-2.1%) $264,900 (3.9%) 0.00 267
    2018-09-01 $207,450 (-8.0%) $257,247 (2.2%) 0.00 243
    2018-10-01 $202,100 (-8.8%) $254,509 (5.3%) 0.00 228
    2018-11-01 $191,825 (-12.0%) $248,025 (2.1%) 0.00 217
    2018-12-01 $189,900 (-8.9%) $245,631 (4.0%) 0.00 186
    2019-01-01 $195,125 (-8.1%) $250,213 (5.9%) 0.00 156
    2019-02-01 $200,725 (-8.7%) $255,047 (3.3%) 0.00 156
    2019-03-01 $210,786 (-12.1%) $261,299 (-1.0%) 0.00 164
    2019-04-01 $224,011 (-8.7%) $269,841 (-2.6%) 0.00 174
    2019-05-01 $224,900 (-7.6%) $261,757 (-6.8%) 0.00 195
    2019-06-01 $224,963 (-6.2%) $264,964 (-4.2%) 0.00 206
    2019-07-01 $225,200 (-4.1%) $268,553 (-0.6%) 0.00 223
    2019-08-01 $224,936 (-2.0%) $262,154 (-1.0%) 0.00 216
    2019-09-01 $224,916 (8.4%) $259,801 (1.0%) 0.00 207
    2019-10-01 $224,900 (11.3%) $257,534 (1.2%) 0.00 198
    2019-11-01 $225,900 (17.8%) $262,733 (5.9%) 0.00 177
    2019-12-01 $225,900 (19.0%) $258,917 (5.4%) 0.00 156
    2020-01-01 $225,900 (15.8%) $258,847 (3.5%) 0.00 130
    2020-02-01 $225,900 (12.5%) $263,226 (3.2%) 0.00 132
    2020-03-01 $225,900 (7.2%) $268,028 (2.6%) 0.00 150
    2020-04-01 $229,675 (2.5%) $284,753 (5.5%) 0.00 153
    2020-05-01 $229,900 (2.2%) $285,826 (9.2%) 0.00 154
    2020-06-01 $242,825 (7.9%) $295,446 (11.5%) 0.00 146
    2020-07-01 $245,900 (9.2%) $293,829 (9.4%) 0.00 133
    2020-08-01 $239,400 (6.4%) $291,166 (11.1%) 0.00 125
    2020-09-01 $239,400 (6.4%) $288,102 (10.9%) 0.00 119
    2020-10-01 $215,000 (-4.4%) $266,740 (3.6%) 0.00 111
    2020-11-01 $211,150 (-6.5%) $261,372 (-0.5%) 0.00 93
    2020-12-01 $215,000 (-4.8%) $279,893 (8.1%) 0.00 82
    2021-01-01 $228,800 (1.3%) $312,986 (20.9%) 0.00 63
    2021-02-01 $253,200 (12.1%) $353,935 (34.5%) 0.00 47
    2021-03-01 $278,650 (23.4%) $400,965 (49.6%) 0.00 45
    2021-04-01 $274,900 (19.7%) $398,868 (40.1%) 0.00 57
    2021-05-01 $266,375 (15.9%) $364,563 (27.6%) 0.00 90
    2021-06-01 $264,163 (8.8%) $321,543 (8.8%) 0.00 119
    2021-07-01 $269,900 (9.8%) $321,340 (9.4%) 0.00 118
    2021-08-01 $288,225 (20.4%) $324,898 (11.6%) 0.00 127
    2021-09-01 $282,175 (17.9%) $329,608 (14.4%) 0.00 122
    2021-10-01 $274,477 (27.7%) $330,205 (23.8%) 0.00 112
    2021-11-01 $267,375 (26.6%) $318,946 (22.0%) 0.00 92
    2021-12-01 $285,000 (32.6%) $317,446 (13.4%) 0.00 73
    2022-01-01 $279,900 (22.3%) $320,274 (2.3%) 0.00 66
    2022-02-01 $282,975 (11.8%) $332,273 (-6.1%) 0.00 51
    2022-03-01 $278,200 (-0.2%) $316,389 (-21.1%) 0.00 61
    2022-04-01 $279,900 (1.8%) $318,044 (-20.3%) 0.00 66
    2022-05-01 $297,175 (11.6%) $367,802 (0.9%) 0.00 80
    2022-06-01 $299,450 (13.4%) $372,056 (15.7%) 0.00 87
    2022-07-01 $284,450 (5.4%) $352,596 (9.7%) 0.00 104
    2022-08-01 $300,700 (4.3%) $359,557 (10.7%) 0.00 115
    2022-09-01 $309,000 (9.5%) $360,020 (9.2%) 0.00 115
    2022-10-01 $314,100 (14.4%) $393,413 (19.1%) 0.00 103
    2022-11-01 $317,000 (18.6%) $375,407 (17.7%) 0.00 94
    2022-12-01 $330,000 (15.8%) $374,094 (17.8%) 0.00 81
    2023-01-01 $342,450 (22.4%) $388,943 (21.4%) 0.00 63
    2023-02-01 $349,900 (23.7%) $401,056 (20.7%) 0.00 62
    2023-03-01 $353,450 (27.1%) $410,059 (29.6%) 0.00 60
    2023-04-01 $340,000 (21.5%) $387,538 (21.9%) 0.00 67
    2023-05-01 $344,003 (15.8%) $401,620 (9.2%) 0.00 84
    2023-06-01 $349,900 (16.9%) $397,990 (7.0%) 0.00 103
    2023-07-01 $348,000 (22.3%) $385,388 (9.3%) 0.00 116
    2023-08-01 $342,050 (13.8%) $398,865 (10.9%) 0.00 132
    2023-09-01 $346,500 (12.1%) $398,059 (10.6%) 0.00 133
    2023-10-01 $346,550 (10.3%) $393,970 (0.1%) 0.00 124
    2023-11-01 $338,725 (6.9%) $395,887 (5.5%) 0.00 115
    2023-12-01 $340,500 (3.2%) $392,330 (4.9%) 0.00 97
    2024-01-01 $347,250 (1.4%) $400,592 (3.0%) 0.00 89
    2024-02-01 $347,075 (-0.8%) $401,930 (0.2%) 0.00 85
    2024-03-01 $349,900 (-1.0%) $412,851 (0.7%) 0.00 77
    2024-04-01 $352,725 (3.7%) $402,007 (3.7%) 0.00 97
    2024-05-01 $348,950 (1.4%) $385,837 (-3.9%) 0.00 123
    2024-06-01 $349,900 (0.0%) $395,113 (-0.7%) 0.00 130
    2024-07-01 $349,900 (0.6%) $407,455 (5.7%) 0.00 142
    2024-08-01 $369,900 (8.1%) $421,305 (5.6%) 0.00 155
    2024-09-01 $375,000 (8.2%) $426,441 (7.1%) 0.00 152
    2024-10-01 $370,150 (6.8%) $426,487 (8.3%) 0.00 150
    Bemidji's median listing price for 2024-10-01 was $370,150, a difference of $23,600 (6.8%) versus the prior year and $-4,850 versus the prior month.

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

    Bemidji's average listing price for 2024-10-01 was $426,487, a difference of $32,517 (8.3%) versus the prior year and $46 versus the prior month.

    For the 2024-10-01 period, Bemidji had 150 MLS listings, a difference of -2 listings (-1%) versus the prior month and 26 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bemidji (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,605 sqft
    2018-02-01 0 days 1,626 sqft
    2018-03-01 0 days 1,698 sqft
    2018-04-01 0 days 1,910 sqft
    2018-05-01 0 days 1,844 sqft
    2018-06-01 0 days 1,872 sqft
    2018-07-01 0 days 1,808 sqft
    2018-08-01 0 days 1,796 sqft
    2018-09-01 0 days 1,920 sqft
    2018-10-01 0 days 1,850 sqft
    2018-11-01 0 days 1,795 sqft
    2018-12-01 0 days 1,785 sqft
    2019-01-01 0 days 1,730 sqft
    2019-02-01 0 days 1,767 sqft
    2019-03-01 0 days 1,777 sqft
    2019-04-01 0 days 1,776 sqft
    2019-05-01 0 days 1,801 sqft
    2019-06-01 0 days 1,901 sqft
    2019-07-01 0 days 1,957 sqft
    2019-08-01 0 days 1,986 sqft
    2019-09-01 0 days 2,046 sqft
    2019-10-01 0 days 2,071 sqft
    2019-11-01 0 days 2,048 sqft
    2019-12-01 0 days 1,961 sqft
    2020-01-01 0 days 1,986 sqft
    2020-02-01 0 days 1,980 sqft
    2020-03-01 0 days 1,885 sqft
    2020-04-01 0 days 1,976 sqft
    2020-05-01 0 days 1,884 sqft
    2020-06-01 0 days 1,950 sqft
    2020-07-01 0 days 2,089 sqft
    2020-08-01 0 days 2,181 sqft
    2020-09-01 0 days 2,102 sqft
    2020-10-01 0 days 2,016 sqft
    2020-11-01 0 days 1,924 sqft
    2020-12-01 0 days 2,103 sqft
    2021-01-01 0 days 2,154 sqft
    2021-02-01 0 days 2,061 sqft
    2021-03-01 0 days 2,143 sqft
    2021-04-01 0 days 2,333 sqft
    2021-05-01 0 days 1,522 sqft
    2021-06-01 0 days 1,749 sqft
    2021-07-01 0 days 1,744 sqft
    2021-08-01 0 days 1,822 sqft
    2021-09-01 0 days 1,880 sqft
    2021-10-01 0 days 1,772 sqft
    2021-11-01 0 days 1,489 sqft
    2021-12-01 0 days 1,568 sqft
    2022-01-01 0 days 1,568 sqft
    2022-02-01 0 days 1,293 sqft
    2022-03-01 0 days 1,508 sqft
    2022-04-01 0 days 1,591 sqft
    2022-05-01 0 days 1,807 sqft
    2022-06-01 0 days 1,770 sqft
    2022-07-01 0 days 1,560 sqft
    2022-08-01 0 days 1,681 sqft
    2022-09-01 0 days 1,779 sqft
    2022-10-01 0 days 1,904 sqft
    2022-11-01 0 days 1,894 sqft
    2022-12-01 0 days 1,872 sqft
    2023-01-01 0 days 1,896 sqft
    2023-02-01 0 days 1,856 sqft
    2023-03-01 0 days 1,880 sqft
    2023-04-01 0 days 1,745 sqft
    2023-05-01 0 days 1,768 sqft
    2023-06-01 0 days 1,834 sqft
    2023-07-01 0 days 1,798 sqft
    2023-08-01 0 days 1,950 sqft
    2023-09-01 0 days 1,910 sqft
    2023-10-01 0 days 1,940 sqft
    2023-11-01 0 days 1,813 sqft
    2023-12-01 0 days 1,840 sqft
    2024-01-01 0 days 1,841 sqft
    2024-02-01 0 days 1,793 sqft
    2024-03-01 0 days 1,793 sqft
    2024-04-01 0 days 1,766 sqft
    2024-05-01 0 days 1,705 sqft
    2024-06-01 0 days 1,749 sqft
    2024-07-01 0 days 1,836 sqft
    2024-08-01 0 days 1,738 sqft
    2024-09-01 0 days 1,739 sqft
    2024-10-01 0 days 1,692 sqft
    Bemidji's median listing age (time on market) for 2024-10-01 was 0 days.

    Bemidji's median square footage for active listings during the 2024-10-01 period was 1,692 sqft. One year prior, the average listing was 1,940 sqft.