Fort Dodge USDA Loan Rates, Closing Costs & Stats
Fort Dodge, IA
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.
Fort Dodge's 3 lenders originated 4 USDA loans during 2023. The total origination value was $500,000, with an average USDA loan value of $125,000.
Fort Dodge USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Fort Dodge
averaged
6.95%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Fort Dodge's average USDA mortgage closing costs are $3,707.
The average rate for the prior week (2024-04-12) was
6.5% and
one month ago for the week of 2024-03-15, the
average rate was 6.39%.
The average rate one year ago was 6.32%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.76%.
Fort Dodge 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 Fort Dodge level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| FRONTIER FINANCIAL, INC. | 2 | 6.19% | $4,676 |
| IOWA BANKERS MORTGAGE CORPORATION | 1 | 6.63% | $4,220 |
| United Bank of Iowa | 1 | 7.38% | $4,459 |
The top Fort Dodge USDA lender as defined by loan originations is FRONTIER FINANCIAL, INC., with
2 USDA loans originated. Their average total fees are
$4,676, which is $455
higher than the next largest lender,
IOWA BANKERS MORTGAGE CORPORATION.
The lowest fee Fort Dodge USDA lenders (with over 10 loans originated) are
.
The lowest rate Fort Dodge USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Fort Dodge (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 | $104,250 (30.6%) | $140,615 (16.7%) | 0.00 | 147 |
| 2018-02-01 | $109,850 (42.9%) | $143,484 (23.3%) | 0.00 | 139 |
| 2018-03-01 | $114,900 (45.5%) | $144,117 (22.2%) | 0.00 | 135 |
| 2018-04-01 | $122,475 (55.0%) | $150,418 (18.5%) | 0.00 | 151 |
| 2018-05-01 | $123,200 (50.8%) | $150,463 (16.3%) | 0.00 | 148 |
| 2018-06-01 | $115,000 (33.0%) | $142,854 (13.4%) | 0.00 | 164 |
| 2018-07-01 | $104,975 (24.4%) | $140,370 (11.5%) | 0.00 | 170 |
| 2018-08-01 | $109,550 (21.8%) | $142,716 (3.5%) | 0.00 | 181 |
| 2018-09-01 | $108,900 (9.2%) | $137,352 (-4.3%) | 0.00 | 195 |
| 2018-10-01 | $109,900 (5.0%) | $138,401 (-3.2%) | 0.00 | 188 |
| 2018-11-01 | $109,950 (7.3%) | $135,755 (-6.8%) | 0.00 | 181 |
| 2018-12-01 | $117,450 (17.6%) | $135,622 (-1.8%) | 0.00 | 171 |
| 2019-01-01 | $121,650 (16.7%) | $139,352 (-0.9%) | 0.00 | 163 |
| 2019-02-01 | $125,950 (14.7%) | $142,427 (-0.7%) | 0.00 | 139 |
| 2019-03-01 | $123,900 (7.8%) | $145,503 (1.0%) | 0.00 | 129 |
| 2019-04-01 | $119,900 (-2.1%) | $144,206 (-4.1%) | 0.00 | 138 |
| 2019-05-01 | $122,200 (-0.8%) | $150,387 (-0.1%) | 0.00 | 146 |
| 2019-06-01 | $119,500 (3.9%) | $152,748 (6.9%) | 0.00 | 152 |
| 2019-07-01 | $118,850 (13.2%) | $349,515 (149.0%) | 0.00 | 158 |
| 2019-08-01 | $117,555 (7.3%) | $292,597 (105.0%) | 0.00 | 162 |
| 2019-09-01 | $115,836 (6.4%) | $206,521 (50.4%) | 0.00 | 162 |
| 2019-10-01 | $117,391 (6.8%) | $142,966 (3.3%) | 0.00 | 161 |
| 2019-11-01 | $114,000 (3.7%) | $136,496 (0.6%) | 0.00 | 151 |
| 2019-12-01 | $116,975 (-0.4%) | $138,387 (2.0%) | 0.00 | 144 |
| 2020-01-01 | $121,875 (0.2%) | $143,755 (3.2%) | 0.00 | 132 |
| 2020-02-01 | $124,900 (-0.8%) | $148,568 (4.3%) | 0.00 | 132 |
| 2020-03-01 | $132,000 (6.5%) | $163,709 (12.5%) | 0.00 | 133 |
| 2020-04-01 | $138,325 (15.4%) | $164,578 (14.1%) | 0.00 | 127 |
| 2020-05-01 | $149,900 (22.7%) | $175,126 (16.5%) | 0.00 | 115 |
| 2020-06-01 | $141,700 (18.6%) | $171,569 (12.3%) | 0.00 | 113 |
| 2020-07-01 | $152,450 (28.3%) | $175,774 (-49.7%) | 0.00 | 103 |
| 2020-08-01 | $132,450 (12.7%) | $172,545 (-41.0%) | 0.00 | 100 |
| 2020-09-01 | $132,950 (14.8%) | $165,679 (-19.8%) | 0.00 | 93 |
| 2020-10-01 | $147,400 (25.6%) | $172,671 (20.8%) | 0.00 | 103 |
| 2020-11-01 | $149,900 (31.5%) | $178,530 (30.8%) | 0.00 | 97 |
| 2020-12-01 | $144,900 (23.9%) | $179,819 (29.9%) | 0.00 | 94 |
| 2021-01-01 | $157,400 (29.2%) | $197,105 (37.1%) | 0.00 | 90 |
| 2021-02-01 | $137,450 (10.1%) | $193,529 (30.3%) | 0.00 | 77 |
| 2021-03-01 | $169,950 (28.8%) | $201,172 (22.9%) | 0.00 | 73 |
| 2021-04-01 | $164,300 (18.8%) | $186,074 (13.1%) | 0.00 | 63 |
| 2021-05-01 | $159,900 (6.7%) | $188,878 (7.9%) | 0.00 | 59 |
| 2021-06-01 | $143,675 (1.4%) | $187,548 (9.3%) | 0.00 | 64 |
| 2021-07-01 | $139,450 (-8.5%) | $182,423 (3.8%) | 0.00 | 65 |
| 2021-08-01 | $131,500 (-0.7%) | $179,373 (4.0%) | 0.00 | 62 |
| 2021-09-01 | $122,450 (-7.9%) | $169,611 (2.4%) | 0.00 | 69 |
| 2021-10-01 | $136,000 (-7.7%) | $173,833 (0.7%) | 0.00 | 72 |
| 2021-11-01 | $125,075 (-16.6%) | $168,107 (-5.8%) | 0.00 | 67 |
| 2021-12-01 | $136,200 (-6.0%) | $167,121 (-7.1%) | 0.00 | 63 |
| 2022-01-01 | $130,000 (-17.4%) | $165,980 (-15.8%) | 0.00 | 56 |
| 2022-02-01 | $118,700 (-13.6%) | $151,816 (-21.6%) | 0.00 | 53 |
| 2022-03-01 | $146,000 (-14.1%) | $196,060 (-2.5%) | 0.00 | 53 |
| 2022-04-01 | $149,900 (-8.8%) | $183,579 (-1.3%) | 0.00 | 52 |
| 2022-05-01 | $145,750 (-8.9%) | $180,522 (-4.4%) | 0.00 | 60 |
| 2022-06-01 | $144,750 (0.8%) | $183,900 (-2.0%) | 0.00 | 67 |
| 2022-07-01 | $139,000 (-0.3%) | $165,792 (-9.1%) | 0.00 | 85 |
| 2022-08-01 | $146,250 (11.2%) | $164,017 (-8.6%) | 0.00 | 82 |
| 2022-09-01 | $159,900 (30.6%) | $179,675 (5.9%) | 0.00 | 83 |
| 2022-10-01 | $149,900 (10.2%) | $171,441 (-1.4%) | 0.00 | 85 |
| 2022-11-01 | $149,900 (19.9%) | $163,782 (-2.6%) | 0.00 | 86 |
| 2022-12-01 | $149,500 (9.8%) | $155,956 (-6.7%) | 0.00 | 74 |
| 2023-01-01 | $149,550 (15.0%) | $161,789 (-2.5%) | 0.00 | 65 |
| 2023-02-01 | $149,600 (26.0%) | $202,238 (33.2%) | 0.00 | 67 |
| 2023-03-01 | $149,925 (2.7%) | $198,404 (1.2%) | 0.00 | 67 |
| 2023-04-01 | $160,000 (6.7%) | $228,270 (24.3%) | 0.00 | 53 |
| 2023-05-01 | $168,925 (15.9%) | $221,160 (22.5%) | 0.00 | 66 |
| 2023-06-01 | $159,675 (10.3%) | $222,028 (20.7%) | 0.00 | 62 |
| 2023-07-01 | $179,900 (29.4%) | $218,249 (31.6%) | 0.00 | 85 |
| 2023-08-01 | $174,900 (19.6%) | $184,422 (12.4%) | 0.00 | 92 |
| 2023-09-01 | $169,000 (5.7%) | $184,071 (2.5%) | 0.00 | 94 |
| 2023-10-01 | $159,900 (6.7%) | $176,747 (3.1%) | 0.00 | 91 |
| 2023-11-01 | $149,900 (0.0%) | $177,071 (8.1%) | 0.00 | 87 |
| 2023-12-01 | $149,900 (0.3%) | $171,374 (9.9%) | 0.00 | 85 |
| 2024-01-01 | $141,925 (-5.1%) | $165,305 (2.2%) | 0.00 | 81 |
| 2024-02-01 | $145,000 (-3.1%) | $175,168 (-13.4%) | 0.00 | 84 |
| 2024-03-01 | $151,200 (0.9%) | $183,992 (-7.3%) | 0.00 | 81 |
Fort Dodge's median listing price comes in at 0% of the national average.
Fort Dodge's average listing price for 2024-03-01 was $183,992, a difference of $-14,412 (-7.3%) versus the prior year and $8,824 versus the prior month.
For the 2024-03-01 period, Fort Dodge had 81 MLS listings, a difference of -3 listings (-4%) versus the prior month and 14 listings (21%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fort Dodge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,400 sqft |
| 2018-02-01 | 0 days | 1,383 sqft |
| 2018-03-01 | 0 days | 1,407 sqft |
| 2018-04-01 | 0 days | 1,471 sqft |
| 2018-05-01 | 0 days | 1,489 sqft |
| 2018-06-01 | 0 days | 1,493 sqft |
| 2018-07-01 | 0 days | 1,513 sqft |
| 2018-08-01 | 0 days | 1,521 sqft |
| 2018-09-01 | 0 days | 1,475 sqft |
| 2018-10-01 | 0 days | 1,492 sqft |
| 2018-11-01 | 0 days | 1,483 sqft |
| 2018-12-01 | 0 days | 1,470 sqft |
| 2019-01-01 | 0 days | 1,433 sqft |
| 2019-02-01 | 0 days | 1,461 sqft |
| 2019-03-01 | 0 days | 1,507 sqft |
| 2019-04-01 | 0 days | 1,552 sqft |
| 2019-05-01 | 0 days | 1,564 sqft |
| 2019-06-01 | 0 days | 1,622 sqft |
| 2019-07-01 | 0 days | 1,553 sqft |
| 2019-08-01 | 0 days | 1,537 sqft |
| 2019-09-01 | 0 days | 1,526 sqft |
| 2019-10-01 | 0 days | 1,525 sqft |
| 2019-11-01 | 0 days | 1,517 sqft |
| 2019-12-01 | 0 days | 1,481 sqft |
| 2020-01-01 | 0 days | 1,484 sqft |
| 2020-02-01 | 0 days | 1,488 sqft |
| 2020-03-01 | 0 days | 1,537 sqft |
| 2020-04-01 | 0 days | 1,544 sqft |
| 2020-05-01 | 0 days | 1,571 sqft |
| 2020-06-01 | 0 days | 1,582 sqft |
| 2020-07-01 | 0 days | 1,643 sqft |
| 2020-08-01 | 0 days | 1,593 sqft |
| 2020-09-01 | 0 days | 1,599 sqft |
| 2020-10-01 | 0 days | 1,602 sqft |
| 2020-11-01 | 0 days | 1,640 sqft |
| 2020-12-01 | 0 days | 1,641 sqft |
| 2021-01-01 | 0 days | 1,607 sqft |
| 2021-02-01 | 0 days | 1,582 sqft |
| 2021-03-01 | 0 days | 1,628 sqft |
| 2021-04-01 | 0 days | 1,566 sqft |
| 2021-05-01 | 0 days | 1,648 sqft |
| 2021-06-01 | 0 days | 1,651 sqft |
| 2021-07-01 | 0 days | 1,625 sqft |
| 2021-08-01 | 0 days | 1,639 sqft |
| 2021-09-01 | 0 days | 1,571 sqft |
| 2021-10-01 | 0 days | 1,564 sqft |
| 2021-11-01 | 0 days | 1,472 sqft |
| 2021-12-01 | 0 days | 1,458 sqft |
| 2022-01-01 | 0 days | 1,450 sqft |
| 2022-02-01 | 0 days | 1,445 sqft |
| 2022-03-01 | 0 days | 1,458 sqft |
| 2022-04-01 | 0 days | 1,692 sqft |
| 2022-05-01 | 0 days | 1,585 sqft |
| 2022-06-01 | 0 days | 1,448 sqft |
| 2022-07-01 | 0 days | 1,428 sqft |
| 2022-08-01 | 0 days | 1,427 sqft |
| 2022-09-01 | 0 days | 1,500 sqft |
| 2022-10-01 | 0 days | 1,498 sqft |
| 2022-11-01 | 0 days | 1,469 sqft |
| 2022-12-01 | 0 days | 1,519 sqft |
| 2023-01-01 | 0 days | 1,487 sqft |
| 2023-02-01 | 0 days | 1,506 sqft |
| 2023-03-01 | 0 days | 1,479 sqft |
| 2023-04-01 | 0 days | 1,476 sqft |
| 2023-05-01 | 0 days | 1,439 sqft |
| 2023-06-01 | 0 days | 1,439 sqft |
| 2023-07-01 | 0 days | 1,490 sqft |
| 2023-08-01 | 0 days | 1,474 sqft |
| 2023-09-01 | 0 days | 1,485 sqft |
| 2023-10-01 | 0 days | 1,452 sqft |
| 2023-11-01 | 0 days | 1,420 sqft |
| 2023-12-01 | 0 days | 1,296 sqft |
| 2024-01-01 | 0 days | 1,296 sqft |
| 2024-02-01 | 0 days | 1,351 sqft |
| 2024-03-01 | 0 days | 1,427 sqft |
Fort Dodge's median square footage for active listings during the 2024-03-01 period was 1,427 sqft. One year prior, the average listing was 1,479 sqft.