Hutchinson USDA Loan Rates, Closing Costs & Stats
Hutchinson, MN
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.
Hutchinson's 7 lenders originated 9 USDA loans during 2024. The total origination value was $1,825,000, with an average USDA loan value of $202,778.
Hutchinson USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Hutchinson
averaged
6.69%
for the week of 2025-04-04, compared to the national average (all USDA variants) of
6.324% for the same period.
Hutchinson's average USDA mortgage closing costs are $5,366.
The average rate for the prior week (2025-03-28) was
6.66% and
one month ago for the week of 2025-02-28, the
average rate was 6.81%.
The average rate one year ago was 6.76%.
For refis of the same type during the week of 2025-04-04, the average rate
was 6.12%.
Hutchinson 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 Hutchinson level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Summit Mortgage Corporation | 3 | 6.41% | $6,319 |
| BROKER SOLUTIONS, INC. | 1 | 7.13% | $7,522 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.25% | $8,885 |
| Bell Bank | 1 | 6.75% | $6,760 |
| Granite Community Bank | 1 | 6.50% | $5,792 |
| Merchants Bank | 1 | 6.65% | $6,938 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 7.25% | $5,946 |
The top Hutchinson USDA lender as defined by loan originations is Summit Mortgage Corporation, with
3 USDA loans originated. Their average total fees are
$6,319, which is $1,203
lower than the next largest lender,
BROKER SOLUTIONS, INC..
The lowest fee Hutchinson USDA lenders (with over 10 loans originated) are
.
The lowest rate Hutchinson USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hutchinson (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 | $183,450 (9.6%) | $196,951 (0.4%) | 0.00 | 69 |
| 2018-02-01 | $179,900 (-2.1%) | $203,128 (0.2%) | 0.00 | 68 |
| 2018-03-01 | $202,900 (10.0%) | $217,164 (8.9%) | 0.00 | 60 |
| 2018-04-01 | $189,800 (11.7%) | $216,940 (10.4%) | 0.00 | 57 |
| 2018-05-01 | $197,425 (14.5%) | $222,967 (13.6%) | 0.00 | 65 |
| 2018-06-01 | $218,350 (19.0%) | $235,513 (14.8%) | 0.00 | 83 |
| 2018-07-01 | $202,700 (13.4%) | $228,635 (13.9%) | 0.00 | 97 |
| 2018-08-01 | $209,925 (17.3%) | $224,212 (10.7%) | 0.00 | 98 |
| 2018-09-01 | $209,900 (23.5%) | $223,603 (15.0%) | 0.00 | 104 |
| 2018-10-01 | $188,700 (2.5%) | $222,034 (10.6%) | 0.00 | 115 |
| 2018-11-01 | $189,900 (7.4%) | $220,650 (13.5%) | 0.00 | 115 |
| 2018-12-01 | $184,950 (5.7%) | $217,612 (12.4%) | 0.00 | 90 |
| 2019-01-01 | $197,400 (7.6%) | $215,309 (9.3%) | 0.00 | 80 |
| 2019-02-01 | $189,900 (5.6%) | $227,036 (11.8%) | 0.00 | 72 |
| 2019-03-01 | $206,421 (1.7%) | $232,376 (7.0%) | 0.00 | 72 |
| 2019-04-01 | $221,946 (16.9%) | $236,543 (9.0%) | 0.00 | 84 |
| 2019-05-01 | $234,900 (19.0%) | $247,466 (11.0%) | 0.00 | 93 |
| 2019-06-01 | $223,400 (2.3%) | $239,993 (1.9%) | 0.00 | 116 |
| 2019-07-01 | $227,400 (12.2%) | $241,054 (5.4%) | 0.00 | 123 |
| 2019-08-01 | $218,823 (4.2%) | $238,388 (6.3%) | 0.00 | 130 |
| 2019-09-01 | $217,207 (3.5%) | $242,156 (8.3%) | 0.00 | 128 |
| 2019-10-01 | $215,425 (14.2%) | $239,227 (7.7%) | 0.00 | 124 |
| 2019-11-01 | $227,400 (19.8%) | $240,783 (9.1%) | 0.00 | 113 |
| 2019-12-01 | $238,800 (29.1%) | $246,600 (13.3%) | 0.00 | 92 |
| 2020-01-01 | $239,500 (21.3%) | $248,992 (15.6%) | 0.00 | 87 |
| 2020-02-01 | $242,400 (27.7%) | $249,114 (9.7%) | 0.00 | 79 |
| 2020-03-01 | $235,250 (14.0%) | $239,697 (3.2%) | 0.00 | 71 |
| 2020-04-01 | $217,150 (-2.2%) | $236,556 (0.0%) | 0.00 | 68 |
| 2020-05-01 | $229,900 (-2.1%) | $244,539 (-1.2%) | 0.00 | 75 |
| 2020-06-01 | $225,500 (0.9%) | $250,589 (4.4%) | 0.00 | 81 |
| 2020-07-01 | $229,450 (0.9%) | $257,613 (6.9%) | 0.00 | 71 |
| 2020-08-01 | $229,900 (5.1%) | $261,136 (9.5%) | 0.00 | 66 |
| 2020-09-01 | $228,675 (5.3%) | $253,609 (4.7%) | 0.00 | 63 |
| 2020-10-01 | $232,450 (7.9%) | $254,861 (6.5%) | 0.00 | 51 |
| 2020-11-01 | $225,000 (-1.1%) | $254,006 (5.5%) | 0.00 | 38 |
| 2020-12-01 | $219,950 (-7.9%) | $247,278 (0.3%) | 0.00 | 31 |
| 2021-01-01 | $249,950 (4.4%) | $270,006 (8.4%) | 0.00 | 30 |
| 2021-02-01 | $238,700 (-1.5%) | $246,379 (-1.1%) | 0.00 | 27 |
| 2021-03-01 | $251,700 (7.0%) | $280,587 (17.1%) | 0.00 | 29 |
| 2021-04-01 | $262,530 (20.9%) | $291,596 (23.3%) | 0.00 | 39 |
| 2021-05-01 | $256,900 (11.7%) | $263,926 (7.9%) | 0.00 | 31 |
| 2021-06-01 | $267,175 (18.5%) | $273,216 (9.0%) | 0.00 | 37 |
| 2021-07-01 | $253,450 (10.5%) | $300,827 (16.8%) | 0.00 | 40 |
| 2021-08-01 | $272,400 (18.5%) | $328,315 (25.7%) | 0.00 | 50 |
| 2021-09-01 | $255,400 (11.7%) | $319,824 (26.1%) | 0.00 | 68 |
| 2021-10-01 | $264,900 (14.0%) | $312,885 (22.8%) | 0.00 | 61 |
| 2021-11-01 | $259,900 (15.5%) | $317,678 (25.1%) | 0.00 | 56 |
| 2021-12-01 | $256,750 (16.7%) | $310,155 (25.4%) | 0.00 | 40 |
| 2022-01-01 | $259,900 (4.0%) | $282,300 (4.6%) | 0.00 | 32 |
| 2022-02-01 | $278,750 (16.8%) | $337,803 (37.1%) | 0.00 | 27 |
| 2022-03-01 | $272,200 (8.1%) | $342,063 (21.9%) | 0.00 | 24 |
| 2022-04-01 | $299,900 (14.2%) | $349,409 (19.8%) | 0.00 | 31 |
| 2022-05-01 | $305,000 (18.7%) | $361,701 (37.1%) | 0.00 | 37 |
| 2022-06-01 | $312,425 (16.9%) | $364,590 (33.4%) | 0.00 | 44 |
| 2022-07-01 | $314,900 (24.3%) | $355,382 (18.1%) | 0.00 | 49 |
| 2022-08-01 | $297,750 (9.3%) | $350,375 (6.7%) | 0.00 | 47 |
| 2022-09-01 | $258,475 (1.2%) | $330,555 (3.4%) | 0.00 | 47 |
| 2022-10-01 | $249,950 (-5.6%) | $314,056 (0.4%) | 0.00 | 56 |
| 2022-11-01 | $274,450 (5.6%) | $315,416 (-0.7%) | 0.00 | 55 |
| 2022-12-01 | $254,950 (-0.7%) | $287,538 (-7.3%) | 0.00 | 40 |
| 2023-01-01 | $269,900 (3.9%) | $283,049 (0.3%) | 0.00 | 37 |
| 2023-02-01 | $317,400 (13.9%) | $325,077 (-3.8%) | 0.00 | 26 |
| 2023-03-01 | $348,675 (28.1%) | $364,525 (6.6%) | 0.00 | 25 |
| 2023-04-01 | $319,900 (6.7%) | $372,292 (6.6%) | 0.00 | 34 |
| 2023-05-01 | $335,975 (10.2%) | $376,697 (4.2%) | 0.00 | 41 |
| 2023-06-01 | $312,450 (0.0%) | $365,181 (0.2%) | 0.00 | 45 |
| 2023-07-01 | $284,950 (-9.5%) | $340,629 (-4.2%) | 0.00 | 44 |
| 2023-08-01 | $305,000 (2.4%) | $344,152 (-1.8%) | 0.00 | 48 |
| 2023-09-01 | $309,900 (19.9%) | $339,476 (2.7%) | 0.00 | 54 |
| 2023-10-01 | $317,200 (26.9%) | $334,304 (6.5%) | 0.00 | 64 |
| 2023-11-01 | $300,000 (9.3%) | $325,145 (3.1%) | 0.00 | 58 |
| 2023-12-01 | $279,500 (9.6%) | $307,714 (7.0%) | 0.00 | 37 |
| 2024-01-01 | $294,050 (9.0%) | $315,069 (11.3%) | 0.00 | 30 |
| 2024-02-01 | $310,975 (-2.0%) | $337,140 (3.7%) | 0.00 | 30 |
| 2024-03-01 | $339,900 (-2.5%) | $345,866 (-5.1%) | 0.00 | 31 |
| 2024-04-01 | $320,250 (0.1%) | $360,010 (-3.3%) | 0.00 | 43 |
| 2024-05-01 | $337,400 (0.4%) | $369,568 (-1.9%) | 0.00 | 45 |
| 2024-06-01 | $355,000 (13.6%) | $397,508 (8.9%) | 0.00 | 50 |
| 2024-07-01 | $344,900 (21.0%) | $386,374 (13.4%) | 0.00 | 59 |
| 2024-08-01 | $339,000 (11.2%) | $381,925 (11.0%) | 0.00 | 67 |
| 2024-09-01 | $333,000 (7.5%) | $376,310 (10.9%) | 0.00 | 71 |
| 2024-10-01 | $332,450 (4.8%) | $375,118 (12.2%) | 0.00 | 75 |
| 2024-11-01 | $325,000 (8.3%) | $371,758 (14.3%) | 0.00 | 75 |
| 2024-12-01 | $333,675 (19.4%) | $373,336 (21.3%) | 0.00 | 55 |
| 2025-01-01 | $333,750 (13.5%) | $369,693 (17.3%) | 0.00 | 50 |
| 2025-02-01 | $322,225 (3.6%) | $371,329 (10.1%) | 0.00 | 43 |
| 2025-03-01 | $360,000 (5.9%) | $388,761 (12.4%) | 0.00 | 36 |
Hutchinson's median listing price comes in at 0% of the national average.
Hutchinson's average listing price for 2025-03-01 was $388,761, a difference of $42,895 (12.4%) versus the prior year and $17,432 versus the prior month.
For the 2025-03-01 period, Hutchinson had 36 MLS listings, a difference of -7 listings (-16%) versus the prior month and 5 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hutchinson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,765 sqft |
| 2018-02-01 | 0 days | 1,835 sqft |
| 2018-03-01 | 0 days | 1,892 sqft |
| 2018-04-01 | 0 days | 1,859 sqft |
| 2018-05-01 | 0 days | 1,880 sqft |
| 2018-06-01 | 0 days | 2,005 sqft |
| 2018-07-01 | 0 days | 1,892 sqft |
| 2018-08-01 | 0 days | 1,963 sqft |
| 2018-09-01 | 0 days | 2,020 sqft |
| 2018-10-01 | 0 days | 2,020 sqft |
| 2018-11-01 | 0 days | 2,045 sqft |
| 2018-12-01 | 0 days | 1,921 sqft |
| 2019-01-01 | 0 days | 1,856 sqft |
| 2019-02-01 | 0 days | 1,941 sqft |
| 2019-03-01 | 0 days | 1,928 sqft |
| 2019-04-01 | 0 days | 1,936 sqft |
| 2019-05-01 | 0 days | 1,900 sqft |
| 2019-06-01 | 0 days | 1,939 sqft |
| 2019-07-01 | 0 days | 1,950 sqft |
| 2019-08-01 | 0 days | 1,939 sqft |
| 2019-09-01 | 0 days | 1,922 sqft |
| 2019-10-01 | 0 days | 1,907 sqft |
| 2019-11-01 | 0 days | 1,938 sqft |
| 2019-12-01 | 0 days | 2,039 sqft |
| 2020-01-01 | 0 days | 2,001 sqft |
| 2020-02-01 | 0 days | 2,050 sqft |
| 2020-03-01 | 0 days | 1,924 sqft |
| 2020-04-01 | 0 days | 1,873 sqft |
| 2020-05-01 | 0 days | 1,955 sqft |
| 2020-06-01 | 0 days | 1,974 sqft |
| 2020-07-01 | 0 days | 1,972 sqft |
| 2020-08-01 | 0 days | 1,823 sqft |
| 2020-09-01 | 0 days | 1,784 sqft |
| 2020-10-01 | 0 days | 1,885 sqft |
| 2020-11-01 | 0 days | 2,058 sqft |
| 2020-12-01 | 0 days | 1,934 sqft |
| 2021-01-01 | 0 days | 1,886 sqft |
| 2021-02-01 | 0 days | 1,572 sqft |
| 2021-03-01 | 0 days | 1,982 sqft |
| 2021-04-01 | 0 days | 1,845 sqft |
| 2021-05-01 | 0 days | 1,767 sqft |
| 2021-06-01 | 0 days | 1,799 sqft |
| 2021-07-01 | 0 days | 1,646 sqft |
| 2021-08-01 | 0 days | 1,871 sqft |
| 2021-09-01 | 0 days | 1,831 sqft |
| 2021-10-01 | 0 days | 1,872 sqft |
| 2021-11-01 | 0 days | 1,903 sqft |
| 2021-12-01 | 0 days | 1,877 sqft |
| 2022-01-01 | 0 days | 1,706 sqft |
| 2022-02-01 | 0 days | 2,392 sqft |
| 2022-03-01 | 0 days | 2,236 sqft |
| 2022-04-01 | 0 days | 2,424 sqft |
| 2022-05-01 | 0 days | 2,108 sqft |
| 2022-06-01 | 0 days | 2,076 sqft |
| 2022-07-01 | 0 days | 2,068 sqft |
| 2022-08-01 | 0 days | 2,045 sqft |
| 2022-09-01 | 0 days | 1,828 sqft |
| 2022-10-01 | 0 days | 1,799 sqft |
| 2022-11-01 | 0 days | 1,902 sqft |
| 2022-12-01 | 0 days | 1,797 sqft |
| 2023-01-01 | 0 days | 1,686 sqft |
| 2023-02-01 | 0 days | 1,800 sqft |
| 2023-03-01 | 0 days | 2,072 sqft |
| 2023-04-01 | 0 days | 2,161 sqft |
| 2023-05-01 | 0 days | 2,192 sqft |
| 2023-06-01 | 0 days | 2,099 sqft |
| 2023-07-01 | 0 days | 1,833 sqft |
| 2023-08-01 | 0 days | 1,901 sqft |
| 2023-09-01 | 0 days | 2,123 sqft |
| 2023-10-01 | 0 days | 2,008 sqft |
| 2023-11-01 | 0 days | 1,853 sqft |
| 2023-12-01 | 0 days | 1,854 sqft |
| 2024-01-01 | 0 days | 1,719 sqft |
| 2024-02-01 | 0 days | 1,778 sqft |
| 2024-03-01 | 0 days | 1,830 sqft |
| 2024-04-01 | 0 days | 1,834 sqft |
| 2024-05-01 | 0 days | 1,936 sqft |
| 2024-06-01 | 0 days | 1,959 sqft |
| 2024-07-01 | 0 days | 1,856 sqft |
| 2024-08-01 | 0 days | 2,055 sqft |
| 2024-09-01 | 0 days | 2,096 sqft |
| 2024-10-01 | 0 days | 2,063 sqft |
| 2024-11-01 | 0 days | 2,092 sqft |
| 2024-12-01 | 0 days | 1,873 sqft |
| 2025-01-01 | 0 days | 1,855 sqft |
| 2025-02-01 | 0 days | 1,827 sqft |
| 2025-03-01 | 0 days | 1,988 sqft |
Hutchinson's median square footage for active listings during the 2025-03-01 period was 1,988 sqft. One year prior, the average listing was 1,830 sqft.