Duluth USDA Loan Rates, Closing Costs & Stats
DULUTH, MN-WI
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.
Duluth's 10 lenders originated 21 USDA loans during 2024. The total origination value was $3,585,000, with an average USDA loan value of $170,714.
Duluth USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Duluth
averaged
6.64%
for the week of 2025-07-11, compared to the national average (all USDA variants) of
6.449% for the same period.
Duluth's average USDA mortgage closing costs are $4,881.
The average rate for the prior week (2025-07-04) was
6.64% and
one month ago for the week of 2025-06-06, the
average rate was 6.54%.
The average rate one year ago was 7.23%.
For refis of the same type during the week of 2025-07-11, the average rate
was 6.56%.
Duluth 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 Duluth level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| AMERICAN PACIFIC MORTGAGE CORPORATION | 6 | 6.35% | $7,685 |
| Frandsen Bank & Trust | 3 | 5.92% | $6,480 |
| Park State Bank | 2 | 6.19% | $6,238 |
| CROSSCOUNTRY MORTGAGE, LLC | 2 | 6.50% | $6,162 |
| UNION HOME MORTGAGE CORP. | 1 | 7.00% | $7,659 |
| American Mortgage & Equity Consultants, Inc. | 1 | 6.75% | $5,752 |
| WESTconsin Credit Union | 1 | 6.88% | $4,897 |
| First PREMIER Bank | 1 | 5.75% | $8,072 |
| NEWREZ LLC | 1 | 6.63% | $6,364 |
| Summit Mortgage Corporation | 1 | 6.50% | $6,422 |
The top Duluth USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with
6 USDA loans originated. Their average total fees are
$7,685, which is $1,205
higher than the next largest lender,
Frandsen Bank & Trust.
The lowest fee Duluth USDA lenders (with over 10 loans originated) are
.
The lowest rate Duluth USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Duluth (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 | $158,900 (6.0%) | $240,077 (4.0%) | 0.59 | 1,071 |
| 2018-02-01 | $163,450 (7.2%) | $248,077 (5.4%) | 0.59 | 1,057 |
| 2018-03-01 | $174,900 (7.3%) | $264,682 (9.2%) | 0.61 | 1,096 |
| 2018-04-01 | $184,950 (9.4%) | $271,633 (12.0%) | 0.63 | 1,129 |
| 2018-05-01 | $185,000 (4.9%) | $274,509 (10.0%) | 0.62 | 1,297 |
| 2018-06-01 | $189,000 (5.1%) | $269,040 (7.3%) | 0.63 | 1,541 |
| 2018-07-01 | $189,000 (5.6%) | $267,995 (5.0%) | 0.63 | 1,613 |
| 2018-08-01 | $187,500 (7.1%) | $263,574 (3.6%) | 0.63 | 1,627 |
| 2018-09-01 | $184,900 (5.7%) | $258,384 (3.7%) | 0.62 | 1,593 |
| 2018-10-01 | $183,000 (7.7%) | $259,416 (6.1%) | 0.62 | 1,544 |
| 2018-11-01 | $181,250 (13.3%) | $256,711 (7.6%) | 0.61 | 1,396 |
| 2018-12-01 | $174,900 (9.4%) | $252,564 (4.9%) | 0.60 | 1,204 |
| 2019-01-01 | $174,100 (9.6%) | $265,366 (10.5%) | 0.60 | 979 |
| 2019-02-01 | $171,250 (4.8%) | $264,272 (6.5%) | 0.58 | 930 |
| 2019-03-01 | $189,243 (8.2%) | $275,618 (4.1%) | 0.62 | 966 |
| 2019-04-01 | $216,200 (16.9%) | $287,531 (5.9%) | 0.69 | 1,027 |
| 2019-05-01 | $215,000 (16.2%) | $289,796 (5.6%) | 0.67 | 1,180 |
| 2019-06-01 | $210,250 (11.2%) | $284,125 (5.6%) | 0.66 | 1,352 |
| 2019-07-01 | $212,000 (12.2%) | $285,033 (6.4%) | 0.66 | 1,455 |
| 2019-08-01 | $205,155 (9.4%) | $279,460 (6.0%) | 0.65 | 1,483 |
| 2019-09-01 | $199,386 (7.8%) | $272,514 (5.5%) | 0.64 | 1,456 |
| 2019-10-01 | $198,041 (8.2%) | $267,591 (3.2%) | 0.64 | 1,412 |
| 2019-11-01 | $194,950 (7.6%) | $263,914 (2.8%) | 0.64 | 1,214 |
| 2019-12-01 | $189,900 (8.6%) | $264,302 (4.7%) | 0.63 | 997 |
| 2020-01-01 | $189,200 (8.7%) | $268,590 (1.2%) | 0.63 | 820 |
| 2020-02-01 | $204,950 (19.7%) | $290,538 (9.9%) | 0.67 | 783 |
| 2020-03-01 | $229,250 (21.1%) | $311,991 (13.2%) | 0.72 | 803 |
| 2020-04-01 | $229,925 (6.4%) | $312,086 (8.5%) | 0.72 | 849 |
| 2020-05-01 | $229,900 (6.9%) | $306,689 (5.8%) | 0.70 | 911 |
| 2020-06-01 | $235,450 (12.0%) | $312,977 (10.2%) | 0.69 | 945 |
| 2020-07-01 | $232,500 (9.7%) | $320,270 (12.4%) | 0.67 | 918 |
| 2020-08-01 | $230,000 (12.1%) | $317,309 (13.5%) | 0.66 | 854 |
| 2020-09-01 | $229,425 (15.1%) | $313,682 (15.1%) | 0.66 | 778 |
| 2020-10-01 | $224,900 (13.6%) | $318,185 (18.9%) | 0.64 | 705 |
| 2020-11-01 | $217,950 (11.8%) | $319,159 (20.9%) | 0.64 | 615 |
| 2020-12-01 | $219,700 (15.7%) | $326,454 (23.5%) | 0.65 | 521 |
| 2021-01-01 | $219,000 (15.8%) | $344,481 (28.3%) | 0.65 | 393 |
| 2021-02-01 | $224,250 (9.4%) | $355,469 (22.4%) | 0.65 | 313 |
| 2021-03-01 | $224,725 (-2.0%) | $351,535 (12.7%) | 0.64 | 307 |
| 2021-04-01 | $235,000 (2.2%) | $353,067 (13.1%) | 0.64 | 335 |
| 2021-05-01 | $222,500 (-3.2%) | $332,337 (8.4%) | 0.59 | 417 |
| 2021-06-01 | $215,000 (-8.7%) | $321,941 (2.9%) | 0.57 | 522 |
| 2021-07-01 | $215,000 (-7.5%) | $313,902 (-2.0%) | 0.57 | 544 |
| 2021-08-01 | $203,325 (-11.6%) | $296,802 (-6.5%) | 0.54 | 531 |
| 2021-09-01 | $202,450 (-11.8%) | $297,466 (-5.2%) | 0.54 | 504 |
| 2021-10-01 | $199,500 (-11.3%) | $274,169 (-13.8%) | 0.53 | 475 |
| 2021-11-01 | $202,000 (-7.3%) | $299,332 (-6.2%) | 0.54 | 380 |
| 2021-12-01 | $192,425 (-12.4%) | $301,330 (-7.7%) | 0.52 | 295 |
| 2022-01-01 | $194,900 (-11.0%) | $318,032 (-7.7%) | 0.53 | 255 |
| 2022-02-01 | $220,975 (-1.5%) | $372,197 (4.7%) | 0.57 | 210 |
| 2022-03-01 | $242,600 (8.0%) | $400,017 (13.8%) | 0.61 | 204 |
| 2022-04-01 | $257,450 (9.6%) | $382,671 (8.4%) | 0.61 | 242 |
| 2022-05-01 | $262,425 (17.9%) | $388,064 (16.8%) | 0.60 | 324 |
| 2022-06-01 | $262,450 (22.1%) | $372,542 (15.7%) | 0.58 | 401 |
| 2022-07-01 | $262,500 (22.1%) | $368,254 (17.3%) | 0.59 | 490 |
| 2022-08-01 | $252,450 (24.2%) | $351,543 (18.4%) | 0.58 | 549 |
| 2022-09-01 | $256,250 (26.6%) | $354,072 (19.0%) | 0.60 | 539 |
| 2022-10-01 | $255,000 (27.8%) | $367,661 (34.1%) | 0.60 | 499 |
| 2022-11-01 | $252,500 (25.0%) | $361,438 (20.8%) | 0.61 | 447 |
| 2022-12-01 | $259,000 (34.6%) | $369,733 (22.7%) | 0.64 | 388 |
| 2023-01-01 | $263,725 (35.3%) | $372,323 (17.1%) | 0.65 | 281 |
| 2023-02-01 | $277,000 (25.4%) | $386,005 (3.7%) | 0.67 | 236 |
| 2023-03-01 | $280,450 (15.6%) | $395,710 (-1.1%) | 0.66 | 232 |
| 2023-04-01 | $289,000 (12.3%) | $391,690 (2.4%) | 0.67 | 264 |
| 2023-05-01 | $299,950 (14.3%) | $406,894 (4.9%) | 0.68 | 330 |
| 2023-06-01 | $307,100 (17.0%) | $419,159 (12.5%) | 0.69 | 430 |
| 2023-07-01 | $314,900 (20.0%) | $433,781 (17.8%) | 0.72 | 509 |
| 2023-08-01 | $305,000 (20.8%) | $424,537 (20.8%) | 0.70 | 547 |
| 2023-09-01 | $299,900 (17.0%) | $417,521 (17.9%) | 0.70 | 607 |
| 2023-10-01 | $278,450 (9.2%) | $406,526 (10.6%) | 0.66 | 586 |
| 2023-11-01 | $278,000 (10.1%) | $406,364 (12.4%) | 0.66 | 539 |
| 2023-12-01 | $275,000 (6.2%) | $404,708 (9.5%) | 0.67 | 444 |
| 2024-01-01 | $249,000 (-5.6%) | $400,071 (7.5%) | 0.61 | 361 |
| 2024-02-01 | $264,450 (-4.5%) | $416,308 (7.9%) | 0.64 | 331 |
| 2024-03-01 | $304,950 (8.7%) | $427,069 (7.9%) | 0.72 | 336 |
| 2024-04-01 | $333,000 (15.2%) | $450,800 (15.1%) | 0.77 | 349 |
| 2024-05-01 | $369,537 (23.2%) | $483,269 (18.8%) | 0.84 | 428 |
| 2024-06-01 | $350,000 (14.0%) | $458,792 (9.5%) | 0.80 | 523 |
| 2024-07-01 | $344,675 (9.5%) | $449,727 (3.7%) | 0.79 | 616 |
| 2024-08-01 | $329,000 (7.9%) | $433,959 (2.2%) | 0.77 | 691 |
| 2024-09-01 | $320,000 (6.7%) | $415,563 (-0.5%) | 0.75 | 714 |
| 2024-10-01 | $300,000 (7.7%) | $409,514 (0.7%) | 0.71 | 704 |
| 2024-11-01 | $299,000 (7.6%) | $401,406 (-1.2%) | 0.72 | 625 |
| 2024-12-01 | $287,400 (4.5%) | $394,016 (-2.6%) | 0.71 | 506 |
| 2025-01-01 | $277,475 (11.4%) | $387,811 (-3.1%) | 0.69 | 427 |
| 2025-02-01 | $277,500 (4.9%) | $400,151 (-3.9%) | 0.67 | 403 |
| 2025-03-01 | $299,900 (-1.7%) | $434,408 (1.7%) | 0.71 | 379 |
| 2025-04-01 | $317,950 (-4.5%) | $434,053 (-3.7%) | 0.74 | 419 |
| 2025-05-01 | $327,000 (-11.5%) | $440,217 (-8.9%) | 0.74 | 550 |
| 2025-06-01 | $333,750 (-4.6%) | $439,525 (-4.2%) | 0.76 | 672 |
Duluth's median listing price comes in at 76% of the national average.
Duluth's average listing price for 2025-06-01 was $439,525, a difference of $-19,267 (-4.2%) versus the prior year and $-692 versus the prior month.
For the 2025-06-01 period, Duluth had 672 MLS listings, a difference of 122 listings (22%) versus the prior month and 149 listings (28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Duluth (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 106 days | 1,504 sqft |
| 2018-02-01 | 107 days | 1,528 sqft |
| 2018-03-01 | 77 days | 1,568 sqft |
| 2018-04-01 | 68 days | 1,580 sqft |
| 2018-05-01 | 58 days | 1,571 sqft |
| 2018-06-01 | 50 days | 1,576 sqft |
| 2018-07-01 | 59 days | 1,575 sqft |
| 2018-08-01 | 66 days | 1,577 sqft |
| 2018-09-01 | 71 days | 1,544 sqft |
| 2018-10-01 | 75 days | 1,497 sqft |
| 2018-11-01 | 86 days | 1,500 sqft |
| 2018-12-01 | 102 days | 1,463 sqft |
| 2019-01-01 | 113 days | 1,484 sqft |
| 2019-02-01 | 126 days | 1,500 sqft |
| 2019-03-01 | 108 days | 1,515 sqft |
| 2019-04-01 | 78 days | 1,558 sqft |
| 2019-05-01 | 52 days | 1,584 sqft |
| 2019-06-01 | 50 days | 1,568 sqft |
| 2019-07-01 | 56 days | 1,578 sqft |
| 2019-08-01 | 63 days | 1,547 sqft |
| 2019-09-01 | 71 days | 1,489 sqft |
| 2019-10-01 | 79 days | 1,451 sqft |
| 2019-11-01 | 94 days | 1,444 sqft |
| 2019-12-01 | 116 days | 1,454 sqft |
| 2020-01-01 | 126 days | 1,472 sqft |
| 2020-02-01 | 130 days | 1,477 sqft |
| 2020-03-01 | 108 days | 1,499 sqft |
| 2020-04-01 | 75 days | 1,524 sqft |
| 2020-05-01 | 68 days | 1,536 sqft |
| 2020-06-01 | 61 days | 1,527 sqft |
| 2020-07-01 | 53 days | 1,580 sqft |
| 2020-08-01 | 54 days | 1,568 sqft |
| 2020-09-01 | 58 days | 1,533 sqft |
| 2020-10-01 | 62 days | 1,536 sqft |
| 2020-11-01 | 67 days | 1,476 sqft |
| 2020-12-01 | 77 days | 1,467 sqft |
| 2021-01-01 | 93 days | 1,448 sqft |
| 2021-02-01 | 105 days | 1,464 sqft |
| 2021-03-01 | 66 days | 1,471 sqft |
| 2021-04-01 | 42 days | 1,566 sqft |
| 2021-05-01 | 33 days | 1,568 sqft |
| 2021-06-01 | 30 days | 1,530 sqft |
| 2021-07-01 | 38 days | 1,529 sqft |
| 2021-08-01 | 49 days | 1,445 sqft |
| 2021-09-01 | 51 days | 1,459 sqft |
| 2021-10-01 | 51 days | 1,478 sqft |
| 2021-11-01 | 57 days | 1,503 sqft |
| 2021-12-01 | 68 days | 1,462 sqft |
| 2022-01-01 | 79 days | 1,408 sqft |
| 2022-02-01 | 67 days | 1,630 sqft |
| 2022-03-01 | 50 days | 1,725 sqft |
| 2022-04-01 | 28 days | 1,700 sqft |
| 2022-05-01 | 26 days | 1,612 sqft |
| 2022-06-01 | 31 days | 1,649 sqft |
| 2022-07-01 | 34 days | 1,624 sqft |
| 2022-08-01 | 39 days | 1,575 sqft |
| 2022-09-01 | 49 days | 1,598 sqft |
| 2022-10-01 | 53 days | 1,613 sqft |
| 2022-11-01 | 57 days | 1,582 sqft |
| 2022-12-01 | 76 days | 1,575 sqft |
| 2023-01-01 | 97 days | 1,518 sqft |
| 2023-02-01 | 99 days | 1,596 sqft |
| 2023-03-01 | 80 days | 1,566 sqft |
| 2023-04-01 | 44 days | 1,560 sqft |
| 2023-05-01 | 31 days | 1,624 sqft |
| 2023-06-01 | 31 days | 1,672 sqft |
| 2023-07-01 | 33 days | 1,670 sqft |
| 2023-08-01 | 41 days | 1,684 sqft |
| 2023-09-01 | 41 days | 1,733 sqft |
| 2023-10-01 | 49 days | 1,660 sqft |
| 2023-11-01 | 58 days | 1,608 sqft |
| 2023-12-01 | 65 days | 1,575 sqft |
| 2024-01-01 | 81 days | 1,598 sqft |
| 2024-02-01 | 79 days | 1,602 sqft |
| 2024-03-01 | 46 days | 1,610 sqft |
| 2024-04-01 | 45 days | 1,670 sqft |
| 2024-05-01 | 40 days | 1,753 sqft |
| 2024-06-01 | 38 days | 1,776 sqft |
| 2024-07-01 | 39 days | 1,782 sqft |
| 2024-08-01 | 43 days | 1,730 sqft |
| 2024-09-01 | 47 days | 1,682 sqft |
| 2024-10-01 | 52 days | 1,680 sqft |
| 2024-11-01 | 59 days | 1,678 sqft |
| 2024-12-01 | 77 days | 1,601 sqft |
| 2025-01-01 | 87 days | 1,575 sqft |
| 2025-02-01 | 87 days | 1,591 sqft |
| 2025-03-01 | 64 days | 1,624 sqft |
| 2025-04-01 | 51 days | 1,616 sqft |
| 2025-05-01 | 37 days | 1,633 sqft |
| 2025-06-01 | 36 days | 1,646 sqft |
Duluth's median square footage for active listings during the 2025-06-01 period was 1,646 sqft. One year prior, the average listing was 1,776 sqft.