Bismarck USDA Loan Rates, Closing Costs & Stats

BISMARCK, ND

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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.

    Bismarck's 6 lenders originated 6 USDA loans during 2023. The total origination value was $1,170,000, with an average USDA loan value of $195,000.

    Bismarck USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Bismarck averaged 5.78% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Bismarck's average USDA mortgage closing costs are $6,919.

    The average rate for the prior week (2024-12-06) was 5.81% and one month ago for the week of 2024-11-08, the average rate was 6.33%.

    The average rate one year ago was 6.4%.

    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.

    Bismarck 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 Bismarck level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    American Bank Center 1 5.90% $9,083
    Dakota Community Bank & Trust 1 6.10% $7,687
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.63% $3,162
    FIRST COMMUNITY CREDIT UNION 1 6.15% $4,826
    Gate City Bank 1 5.85% $3,541
    NEWREZ LLC 1 7.25% $4,951

    The top Bismarck USDA lender as defined by loan originations is American Bank Center, with 1 USDA loans originated. Their average total fees are $9,083, which is $1,396 higher than the next largest lender, Dakota Community Bank & Trust.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bismarck (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 $259,900 (1.0%) $297,309 (-3.9%) 0.96 577
    2018-02-01 $255,400 (0.4%) $292,242 (-4.5%) 0.93 582
    2018-03-01 $264,000 (1.6%) $302,553 (-2.6%) 0.93 606
    2018-04-01 $269,900 (0.0%) $313,844 (-1.5%) 0.92 625
    2018-05-01 $269,900 (0.9%) $315,735 (-1.0%) 0.90 701
    2018-06-01 $274,900 (2.4%) $330,098 (2.5%) 0.92 741
    2018-07-01 $268,400 (1.7%) $331,715 (5.2%) 0.90 753
    2018-08-01 $269,175 (2.6%) $332,094 (4.6%) 0.90 779
    2018-09-01 $272,900 (3.0%) $329,724 (3.8%) 0.92 815
    2018-10-01 $269,675 (4.8%) $326,126 (6.3%) 0.91 812
    2018-11-01 $269,900 (4.9%) $328,428 (7.9%) 0.91 792
    2018-12-01 $274,900 (5.8%) $334,101 (10.4%) 0.95 732
    2019-01-01 $273,900 (5.4%) $327,632 (10.2%) 0.95 665
    2019-02-01 $269,900 (5.7%) $326,412 (11.7%) 0.91 650
    2019-03-01 $274,186 (3.9%) $328,006 (8.4%) 0.90 633
    2019-04-01 $279,186 (3.4%) $329,408 (5.0%) 0.89 647
    2019-05-01 $271,900 (0.7%) $319,806 (1.3%) 0.85 709
    2019-06-01 $270,995 (-1.4%) $320,071 (-3.0%) 0.85 763
    2019-07-01 $269,900 (0.6%) $321,602 (-3.1%) 0.84 782
    2019-08-01 $269,900 (0.3%) $321,169 (-3.3%) 0.85 768
    2019-09-01 $269,900 (-1.1%) $316,299 (-4.1%) 0.86 740
    2019-10-01 $269,900 (0.1%) $313,052 (-4.0%) 0.87 710
    2019-11-01 $269,900 (0.0%) $314,432 (-4.3%) 0.88 642
    2019-12-01 $269,900 (-1.8%) $314,789 (-5.8%) 0.90 589
    2020-01-01 $269,900 (-1.5%) $315,089 (-3.8%) 0.90 506
    2020-02-01 $274,900 (1.9%) $312,530 (-4.3%) 0.90 494
    2020-03-01 $282,448 (3.0%) $322,778 (-1.6%) 0.89 504
    2020-04-01 $294,950 (5.7%) $330,523 (0.3%) 0.92 508
    2020-05-01 $289,000 (6.3%) $329,888 (3.2%) 0.88 514
    2020-06-01 $283,475 (4.6%) $330,828 (3.4%) 0.84 499
    2020-07-01 $277,990 (3.0%) $330,348 (2.7%) 0.81 479
    2020-08-01 $289,900 (7.4%) $350,588 (9.2%) 0.83 455
    2020-09-01 $298,000 (10.4%) $356,920 (12.8%) 0.85 443
    2020-10-01 $299,900 (11.1%) $357,915 (14.3%) 0.86 425
    2020-11-01 $292,718 (8.5%) $355,688 (13.1%) 0.86 391
    2020-12-01 $299,900 (11.1%) $370,530 (17.7%) 0.89 340
    2021-01-01 $304,900 (13.0%) $368,349 (16.9%) 0.91 270
    2021-02-01 $311,175 (13.2%) $396,692 (26.9%) 0.91 207
    2021-03-01 $317,900 (12.6%) $402,105 (24.6%) 0.90 205
    2021-04-01 $330,200 (12.0%) $409,890 (24.0%) 0.89 198
    2021-05-01 $336,950 (16.6%) $410,514 (24.4%) 0.90 202
    2021-06-01 $314,900 (11.1%) $394,429 (19.2%) 0.83 245
    2021-07-01 $269,900 (-2.9%) $383,422 (16.1%) 0.71 260
    2021-08-01 $269,900 (-6.9%) $377,351 (7.6%) 0.72 264
    2021-09-01 $269,900 (-9.4%) $367,783 (3.0%) 0.72 264
    2021-10-01 $274,500 (-8.5%) $361,761 (1.1%) 0.73 277
    2021-11-01 $277,400 (-5.2%) $364,848 (2.6%) 0.74 247
    2021-12-01 $265,000 (-11.6%) $362,827 (-2.1%) 0.72 230
    2022-01-01 $299,450 (-1.8%) $371,271 (0.8%) 0.81 190
    2022-02-01 $338,900 (8.9%) $383,801 (-3.3%) 0.88 179
    2022-03-01 $342,925 (7.9%) $402,536 (0.1%) 0.86 177
    2022-04-01 $349,950 (6.0%) $434,319 (6.0%) 0.83 178
    2022-05-01 $389,800 (15.7%) $459,224 (11.9%) 0.89 196
    2022-06-01 $404,225 (28.4%) $481,404 (22.1%) 0.90 225
    2022-07-01 $385,400 (42.8%) $457,569 (19.3%) 0.87 296
    2022-08-01 $369,900 (37.1%) $439,980 (16.6%) 0.86 289
    2022-09-01 $369,950 (37.1%) $443,959 (20.7%) 0.86 283
    2022-10-01 $372,500 (35.7%) $436,944 (20.8%) 0.88 291
    2022-11-01 $368,200 (32.7%) $429,312 (17.7%) 0.89 299
    2022-12-01 $392,450 (48.1%) $430,715 (18.7%) 0.97 275
    2023-01-01 $399,900 (33.5%) $437,901 (18.0%) 0.99 271
    2023-02-01 $404,450 (19.3%) $446,267 (16.3%) 0.98 242
    2023-03-01 $429,950 (25.4%) $457,414 (13.6%) 1.01 232
    2023-04-01 $435,000 (24.3%) $454,609 (4.7%) 1.01 227
    2023-05-01 $459,900 (18.0%) $499,735 (8.8%) 1.04 239
    2023-06-01 $462,950 (14.5%) $506,196 (5.2%) 1.05 264
    2023-07-01 $459,900 (19.3%) $501,912 (9.7%) 1.05 301
    2023-08-01 $433,900 (17.3%) $482,364 (9.6%) 1.00 344
    2023-09-01 $425,450 (15.0%) $467,465 (5.3%) 0.99 357
    2023-10-01 $410,450 (10.2%) $466,402 (6.7%) 0.97 361
    2023-11-01 $410,450 (11.5%) $466,057 (8.6%) 0.98 342
    2023-12-01 $414,900 (5.7%) $466,648 (8.3%) 0.00 332
    2024-01-01 $414,950 (3.8%) $473,523 (8.1%) 0.00 327
    2024-02-01 $409,400 (1.2%) $469,080 (5.1%) 0.00 287
    2024-03-01 $417,450 (-2.9%) $474,122 (3.7%) 0.00 281
    2024-04-01 $461,150 (6.0%) $504,522 (11.0%) 0.00 262
    2024-05-01 $482,400 (4.9%) $526,523 (5.4%) 0.00 283
    2024-06-01 $479,900 (3.7%) $540,116 (6.7%) 0.00 308
    2024-07-01 $442,450 (-3.8%) $511,899 (2.0%) 0.00 336
    2024-08-01 $439,950 (1.4%) $506,212 (4.9%) 0.00 339
    2024-09-01 $448,950 (5.5%) $511,883 (9.5%) 0.00 347
    2024-10-01 $434,900 (6.0%) $487,639 (4.6%) 0.00 355
    2024-11-01 $429,900 (4.7%) $492,355 (5.6%) 0.00 340
    Bismarck's median listing price for 2024-11-01 was $429,900, a difference of $19,450 (4.7%) versus the prior year and $-5,000 versus the prior month.

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

    Bismarck's average listing price for 2024-11-01 was $492,355, a difference of $26,298 (5.6%) versus the prior year and $4,716 versus the prior month.

    For the 2024-11-01 period, Bismarck had 340 MLS listings, a difference of -15 listings (-4%) versus the prior month and -2 listings (-1%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bismarck (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 94 days 1,934 sqft
    2018-02-01 83 days 1,964 sqft
    2018-03-01 59 days 1,990 sqft
    2018-04-01 58 days 2,019 sqft
    2018-05-01 53 days 2,034 sqft
    2018-06-01 56 days 2,077 sqft
    2018-07-01 65 days 2,093 sqft
    2018-08-01 65 days 2,085 sqft
    2018-09-01 68 days 1,522 sqft
    2018-10-01 77 days 2,136 sqft
    2018-11-01 79 days 2,104 sqft
    2018-12-01 87 days 2,109 sqft
    2019-01-01 91 days 2,062 sqft
    2019-02-01 96 days 2,042 sqft
    2019-03-01 91 days 2,044 sqft
    2019-04-01 77 days 2,046 sqft
    2019-05-01 55 days 2,044 sqft
    2019-06-01 53 days 2,064 sqft
    2019-07-01 59 days 2,061 sqft
    2019-08-01 63 days 2,048 sqft
    2019-09-01 69 days 2,033 sqft
    2019-10-01 76 days 2,021 sqft
    2019-11-01 85 days 2,004 sqft
    2019-12-01 96 days 2,000 sqft
    2020-01-01 94 days 2,003 sqft
    2020-02-01 95 days 2,012 sqft
    2020-03-01 63 days 2,072 sqft
    2020-04-01 61 days 2,096 sqft
    2020-05-01 61 days 2,086 sqft
    2020-06-01 51 days 2,034 sqft
    2020-07-01 54 days 2,021 sqft
    2020-08-01 51 days 2,036 sqft
    2020-09-01 51 days 2,111 sqft
    2020-10-01 60 days 2,007 sqft
    2020-11-01 67 days 1,954 sqft
    2020-12-01 71 days 1,948 sqft
    2021-01-01 79 days 1,801 sqft
    2021-02-01 74 days 1,805 sqft
    2021-03-01 61 days 1,866 sqft
    2021-04-01 36 days 1,895 sqft
    2021-05-01 35 days 2,050 sqft
    2021-06-01 31 days 2,069 sqft
    2021-07-01 34 days 1,913 sqft
    2021-08-01 43 days 2,017 sqft
    2021-09-01 47 days 2,061 sqft
    2021-10-01 44 days 2,080 sqft
    2021-11-01 50 days 1,979 sqft
    2021-12-01 55 days 1,926 sqft
    2022-01-01 68 days 1,980 sqft
    2022-02-01 60 days 2,015 sqft
    2022-03-01 33 days 1,960 sqft
    2022-04-01 37 days 2,047 sqft
    2022-05-01 39 days 2,192 sqft
    2022-06-01 35 days 2,197 sqft
    2022-07-01 34 days 2,121 sqft
    2022-08-01 40 days 2,125 sqft
    2022-09-01 46 days 2,165 sqft
    2022-10-01 46 days 2,143 sqft
    2022-11-01 51 days 2,122 sqft
    2022-12-01 65 days 2,080 sqft
    2023-01-01 82 days 2,085 sqft
    2023-02-01 78 days 2,094 sqft
    2023-03-01 55 days 2,078 sqft
    2023-04-01 52 days 2,058 sqft
    2023-05-01 36 days 2,195 sqft
    2023-06-01 34 days 2,321 sqft
    2023-07-01 44 days 2,326 sqft
    2023-08-01 51 days 2,294 sqft
    2023-09-01 52 days 2,151 sqft
    2023-10-01 49 days 2,169 sqft
    2023-11-01 53 days 2,084 sqft
    2023-12-01 0 days 2,058 sqft
    2024-01-01 0 days 2,041 sqft
    2024-02-01 0 days 1,969 sqft
    2024-03-01 0 days 1,992 sqft
    2024-04-01 0 days 2,086 sqft
    2024-05-01 0 days 2,187 sqft
    2024-06-01 0 days 2,240 sqft
    2024-07-01 0 days 2,198 sqft
    2024-08-01 0 days 2,149 sqft
    2024-09-01 0 days 2,166 sqft
    2024-10-01 0 days 2,113 sqft
    2024-11-01 0 days 2,056 sqft
    Bismarck's median listing age (time on market) for 2024-11-01 was 0 days. This is -100% shorter than the same period one year ago.

    Bismarck's median square footage for active listings during the 2024-11-01 period was 2,056 sqft. One year prior, the average listing was 2,084 sqft.