Fargo USDA Loan Rates, Closing Costs & Stats

FARGO, ND-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.

    Fargo's 5 lenders originated 11 USDA loans during 2023. The total origination value was $2,475,000, with an average USDA loan value of $225,000.

    Fargo USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Fargo averaged 6.07% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Fargo's average USDA mortgage closing costs are $5,154.

    The average rate for the prior week (2025-02-07) was 6.43% and one month ago for the week of 2025-01-10, the average rate was 6.18%.

    The average rate one year ago was 6.07%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.25%.

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

    Fargo 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 Fargo level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Nations Lending Corporation 3 6.33% $2,283
    TOWN AND COUNTRY Credit Union 2 5.69% $8,323
    UNITED WHOLESALE MORTGAGE, LLC 2 5.81% $17,472
    CAPITAL CREDIT UNION 1 6.63% $5,678
    NEWREZ LLC 1 5.88% $7,306

    The top Fargo USDA lender as defined by loan originations is Nations Lending Corporation, with 3 USDA loans originated. Their average total fees are $2,283, which is $6,040 lower than the next largest lender, TOWN AND COUNTRY Credit Union.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fargo (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 $259,875 (2.4%) $302,763 (-1.4%) 0.96 848
    2018-02-01 $254,923 (-2.1%) $302,147 (-8.2%) 0.93 870
    2018-03-01 $256,731 (-4.3%) $302,402 (-9.0%) 0.90 873
    2018-04-01 $260,031 (-3.7%) $308,176 (-7.6%) 0.88 930
    2018-05-01 $261,032 (-4.9%) $309,697 (-5.3%) 0.87 1,050
    2018-06-01 $262,950 (-3.0%) $306,589 (-5.7%) 0.88 1,132
    2018-07-01 $259,775 (-2.7%) $302,795 (-6.1%) 0.87 1,166
    2018-08-01 $259,900 (1.9%) $302,670 (-0.6%) 0.87 1,205
    2018-09-01 $254,945 (1.1%) $301,955 (0.1%) 0.86 1,232
    2018-10-01 $250,336 (-0.3%) $299,035 (-0.6%) 0.85 1,216
    2018-11-01 $249,900 (-1.7%) $300,510 (1.0%) 0.85 1,153
    2018-12-01 $249,900 (-2.4%) $300,398 (0.9%) 0.86 1,013
    2019-01-01 $249,900 (-3.8%) $302,438 (-0.1%) 0.86 892
    2019-02-01 $257,791 (1.1%) $307,081 (1.6%) 0.87 913
    2019-03-01 $259,437 (1.1%) $309,889 (2.5%) 0.85 984
    2019-04-01 $261,160 (0.4%) $312,661 (1.5%) 0.83 1,074
    2019-05-01 $263,373 (0.9%) $310,199 (0.2%) 0.82 1,227
    2019-06-01 $259,900 (-1.2%) $307,044 (0.2%) 0.81 1,294
    2019-07-01 $259,175 (-0.2%) $305,212 (0.8%) 0.81 1,305
    2019-08-01 $252,769 (-2.7%) $299,420 (-1.1%) 0.80 1,340
    2019-09-01 $249,574 (-2.1%) $294,809 (-2.4%) 0.80 1,365
    2019-10-01 $246,927 (-1.4%) $290,403 (-2.9%) 0.80 1,381
    2019-11-01 $245,000 (-2.0%) $288,032 (-4.2%) 0.80 1,290
    2019-12-01 $242,204 (-3.1%) $288,325 (-4.0%) 0.80 1,111
    2020-01-01 $239,968 (-4.0%) $290,608 (-3.9%) 0.80 952
    2020-02-01 $245,000 (-5.0%) $294,584 (-4.1%) 0.80 894
    2020-03-01 $249,950 (-3.7%) $295,160 (-4.8%) 0.78 923
    2020-04-01 $259,900 (-0.5%) $300,872 (-3.8%) 0.81 946
    2020-05-01 $264,900 (0.6%) $306,585 (-1.2%) 0.81 933
    2020-06-01 $269,925 (3.9%) $316,753 (3.2%) 0.80 932
    2020-07-01 $269,900 (4.1%) $317,613 (4.1%) 0.78 872
    2020-08-01 $269,900 (6.8%) $324,964 (8.5%) 0.77 874
    2020-09-01 $269,780 (8.1%) $319,652 (8.4%) 0.77 847
    2020-10-01 $269,770 (9.3%) $315,868 (8.8%) 0.77 811
    2020-11-01 $269,420 (10.0%) $310,651 (7.9%) 0.79 748
    2020-12-01 $271,897 (12.3%) $310,353 (7.6%) 0.81 661
    2021-01-01 $278,886 (16.2%) $323,676 (11.4%) 0.83 536
    2021-02-01 $295,523 (20.6%) $343,134 (16.5%) 0.86 453
    2021-03-01 $297,004 (18.8%) $339,070 (14.9%) 0.84 438
    2021-04-01 $302,000 (16.2%) $347,715 (15.6%) 0.82 455
    2021-05-01 $315,000 (18.9%) $358,070 (16.8%) 0.84 451
    2021-06-01 $318,700 (18.1%) $359,532 (13.5%) 0.84 506
    2021-07-01 $319,950 (18.5%) $357,813 (12.7%) 0.84 532
    2021-08-01 $317,400 (17.6%) $358,237 (10.2%) 0.85 560
    2021-09-01 $318,633 (18.1%) $348,420 (9.0%) 0.85 561
    2021-10-01 $327,055 (21.2%) $350,217 (10.9%) 0.87 544
    2021-11-01 $328,495 (21.9%) $351,257 (13.1%) 0.88 506
    2021-12-01 $338,995 (24.7%) $361,565 (16.5%) 0.92 416
    2022-01-01 $345,000 (23.7%) $360,013 (11.2%) 0.93 364
    2022-02-01 $349,950 (18.4%) $385,380 (12.3%) 0.91 351
    2022-03-01 $366,835 (23.5%) $429,715 (26.7%) 0.92 338
    2022-04-01 $370,000 (22.5%) $426,661 (22.7%) 0.88 378
    2022-05-01 $371,366 (17.9%) $418,168 (16.8%) 0.85 476
    2022-06-01 $362,752 (13.8%) $409,167 (13.8%) 0.81 540
    2022-07-01 $369,350 (15.4%) $419,740 (17.3%) 0.83 553
    2022-08-01 $364,325 (14.8%) $419,761 (17.2%) 0.84 571
    2022-09-01 $359,910 (13.0%) $409,412 (17.5%) 0.84 636
    2022-10-01 $354,911 (8.5%) $403,402 (15.2%) 0.84 670
    2022-11-01 $353,955 (7.8%) $404,681 (15.2%) 0.85 711
    2022-12-01 $354,900 (4.7%) $398,181 (10.1%) 0.88 680
    2023-01-01 $364,978 (5.8%) $412,112 (14.5%) 0.90 596
    2023-02-01 $377,225 (7.8%) $425,879 (10.5%) 0.91 542
    2023-03-01 $380,893 (3.8%) $434,033 (1.0%) 0.90 546
    2023-04-01 $382,465 (3.4%) $441,858 (3.6%) 0.89 551
    2023-05-01 $389,900 (5.0%) $449,183 (7.4%) 0.88 621
    2023-06-01 $389,900 (7.5%) $449,646 (9.9%) 0.88 659
    2023-07-01 $385,000 (4.2%) $441,410 (5.2%) 0.88 671
    2023-08-01 $372,546 (2.3%) $433,623 (3.3%) 0.86 735
    2023-09-01 $364,900 (1.4%) $409,719 (0.1%) 0.85 868
    2023-10-01 $357,843 (0.8%) $403,301 (0.0%) 0.84 858
    2023-11-01 $354,975 (0.3%) $403,984 (-0.2%) 0.85 861
    2023-12-01 $360,350 (1.5%) $410,772 (3.2%) 0.88 734
    2024-01-01 $359,900 (-1.4%) $413,610 (0.4%) 0.88 642
    2024-02-01 $365,000 (-3.2%) $422,950 (-0.7%) 0.88 641
    2024-03-01 $384,900 (1.1%) $435,311 (0.3%) 0.91 700
    2024-04-01 $386,325 (1.0%) $439,438 (-0.6%) 0.90 729
    2024-05-01 $385,610 (-1.1%) $441,786 (-1.7%) 0.87 855
    2024-06-01 $399,000 (2.3%) $456,377 (1.5%) 0.90 800
    2024-07-01 $399,900 (3.9%) $459,872 (4.2%) 0.91 829
    2024-08-01 $396,000 (6.3%) $461,647 (6.5%) 0.92 889
    2024-09-01 $385,000 (5.5%) $455,327 (11.1%) 0.91 935
    2024-10-01 $378,900 (5.9%) $448,117 (11.1%) 0.89 973
    2024-11-01 $374,900 (5.6%) $451,946 (11.9%) 0.90 915
    2024-12-01 $371,933 (3.2%) $453,078 (10.3%) 0.92 817
    2025-01-01 $372,195 (3.4%) $450,310 (8.9%) 0.00 727
    Fargo's median listing price for 2025-01-01 was $372,195, a difference of $12,295 (3.4%) versus the prior year and $262 versus the prior month.

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

    Fargo's average listing price for 2025-01-01 was $450,310, a difference of $36,700 (8.9%) versus the prior year and $-2,768 versus the prior month.

    For the 2025-01-01 period, Fargo had 727 MLS listings, a difference of -90 listings (-11%) versus the prior month and 85 listings (13%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fargo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 88 days 2,339 sqft
    2018-02-01 48 days 2,298 sqft
    2018-03-01 53 days 2,314 sqft
    2018-04-01 46 days 2,347 sqft
    2018-05-01 39 days 2,390 sqft
    2018-06-01 40 days 2,398 sqft
    2018-07-01 49 days 2,364 sqft
    2018-08-01 55 days 2,352 sqft
    2018-09-01 58 days 2,340 sqft
    2018-10-01 65 days 2,317 sqft
    2018-11-01 73 days 2,266 sqft
    2018-12-01 85 days 2,239 sqft
    2019-01-01 86 days 2,215 sqft
    2019-02-01 78 days 2,230 sqft
    2019-03-01 60 days 2,242 sqft
    2019-04-01 46 days 2,255 sqft
    2019-05-01 39 days 2,256 sqft
    2019-06-01 46 days 2,273 sqft
    2019-07-01 57 days 2,296 sqft
    2019-08-01 58 days 2,274 sqft
    2019-09-01 60 days 2,255 sqft
    2019-10-01 61 days 2,234 sqft
    2019-11-01 69 days 2,227 sqft
    2019-12-01 87 days 2,201 sqft
    2020-01-01 95 days 2,201 sqft
    2020-02-01 91 days 2,201 sqft
    2020-03-01 65 days 2,212 sqft
    2020-04-01 59 days 2,236 sqft
    2020-05-01 57 days 2,274 sqft
    2020-06-01 45 days 2,340 sqft
    2020-07-01 46 days 2,340 sqft
    2020-08-01 51 days 2,345 sqft
    2020-09-01 50 days 2,340 sqft
    2020-10-01 57 days 2,296 sqft
    2020-11-01 67 days 2,220 sqft
    2020-12-01 83 days 2,213 sqft
    2021-01-01 71 days 2,236 sqft
    2021-02-01 47 days 2,354 sqft
    2021-03-01 47 days 2,360 sqft
    2021-04-01 36 days 2,324 sqft
    2021-05-01 33 days 2,341 sqft
    2021-06-01 32 days 2,349 sqft
    2021-07-01 38 days 2,343 sqft
    2021-08-01 44 days 2,401 sqft
    2021-09-01 53 days 2,383 sqft
    2021-10-01 60 days 2,396 sqft
    2021-11-01 62 days 2,389 sqft
    2021-12-01 80 days 2,438 sqft
    2022-01-01 75 days 2,417 sqft
    2022-02-01 58 days 2,410 sqft
    2022-03-01 56 days 2,372 sqft
    2022-04-01 38 days 2,332 sqft
    2022-05-01 30 days 2,359 sqft
    2022-06-01 34 days 2,318 sqft
    2022-07-01 44 days 2,326 sqft
    2022-08-01 46 days 2,321 sqft
    2022-09-01 43 days 2,258 sqft
    2022-10-01 51 days 2,250 sqft
    2022-11-01 58 days 2,212 sqft
    2022-12-01 71 days 2,183 sqft
    2023-01-01 86 days 2,185 sqft
    2023-02-01 86 days 2,190 sqft
    2023-03-01 62 days 2,183 sqft
    2023-04-01 57 days 2,190 sqft
    2023-05-01 53 days 2,241 sqft
    2023-06-01 51 days 2,341 sqft
    2023-07-01 53 days 2,341 sqft
    2023-08-01 57 days 2,267 sqft
    2023-09-01 57 days 2,266 sqft
    2023-10-01 61 days 2,251 sqft
    2023-11-01 60 days 2,250 sqft
    2023-12-01 72 days 2,244 sqft
    2024-01-01 76 days 2,201 sqft
    2024-02-01 46 days 2,226 sqft
    2024-03-01 51 days 2,280 sqft
    2024-04-01 52 days 2,252 sqft
    2024-05-01 42 days 2,246 sqft
    2024-06-01 47 days 2,320 sqft
    2024-07-01 52 days 2,364 sqft
    2024-08-01 50 days 2,285 sqft
    2024-09-01 53 days 2,283 sqft
    2024-10-01 61 days 2,258 sqft
    2024-11-01 68 days 2,187 sqft
    2024-12-01 81 days 2,160 sqft
    2025-01-01 0 days 2,119 sqft
    Fargo's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Fargo's median square footage for active listings during the 2025-01-01 period was 2,119 sqft. One year prior, the average listing was 2,201 sqft.