Iron Mountain USDA Loan Rates, Closing Costs & Stats

Iron Mountain, MI-WI

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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.

    Iron Mountain's 3 lenders originated 3 USDA loans during 2023. The total origination value was $335,000, with an average USDA loan value of $111,667.

    Iron Mountain USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Iron Mountain averaged 6.74% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Iron Mountain's average USDA mortgage closing costs are $3,450.

    The average rate for the prior week (2025-02-07) was 6.4% and one month ago for the week of 2025-01-10, the average rate was 6.75%.

    The average rate one year ago was 6.64%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.73%.

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

    Iron Mountain 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 Iron Mountain level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    BROKER SOLUTIONS, INC. 1 6.25% $4,411
    Frankenmuth Credit Union 1 7.38% $3,031
    IncredibleBank 1 6.38% $3,668

    The top Iron Mountain USDA lender as defined by loan originations is BROKER SOLUTIONS, INC., with 1 USDA loans originated. Their average total fees are $4,411, which is $1,380 higher than the next largest lender, Frankenmuth Credit Union.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Iron Mountain (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 $129,900 (18.2%) $174,374 (10.0%) 0.00 189
    2018-02-01 $136,850 (9.6%) $181,707 (6.5%) 0.00 197
    2018-03-01 $139,450 (5.3%) $186,181 (8.5%) 0.00 195
    2018-04-01 $139,650 (0.5%) $189,185 (7.9%) 0.00 203
    2018-05-01 $139,900 (0.0%) $189,653 (9.1%) 0.00 229
    2018-06-01 $145,900 (4.3%) $198,473 (9.7%) 0.00 236
    2018-07-01 $157,000 (13.0%) $202,960 (13.3%) 0.00 248
    2018-08-01 $153,350 (11.6%) $198,834 (10.8%) 0.00 268
    2018-09-01 $149,900 (7.8%) $200,477 (13.0%) 0.00 250
    2018-10-01 $149,900 (11.8%) $198,194 (9.7%) 0.00 233
    2018-11-01 $146,200 (12.6%) $195,759 (9.0%) 0.00 228
    2018-12-01 $145,000 (11.6%) $192,085 (10.9%) 0.00 203
    2019-01-01 $139,900 (7.7%) $186,024 (6.7%) 0.00 178
    2019-02-01 $138,725 (1.4%) $186,608 (2.7%) 0.00 168
    2019-03-01 $143,043 (2.6%) $190,547 (2.3%) 0.00 162
    2019-04-01 $149,900 (7.3%) $202,592 (7.1%) 0.00 160
    2019-05-01 $150,550 (7.6%) $211,889 (11.7%) 0.00 161
    2019-06-01 $149,900 (2.7%) $214,756 (8.2%) 0.00 177
    2019-07-01 $149,900 (-4.5%) $211,684 (4.3%) 0.00 200
    2019-08-01 $145,414 (-5.2%) $209,200 (5.2%) 0.00 197
    2019-09-01 $138,684 (-7.5%) $203,574 (1.5%) 0.00 197
    2019-10-01 $133,175 (-11.2%) $199,823 (0.8%) 0.00 198
    2019-11-01 $131,400 (-10.1%) $201,829 (3.1%) 0.00 195
    2019-12-01 $129,900 (-10.4%) $201,676 (5.0%) 0.00 180
    2020-01-01 $133,850 (-4.3%) $201,911 (8.5%) 0.00 155
    2020-02-01 $133,400 (-3.8%) $207,585 (11.2%) 0.00 142
    2020-03-01 $142,425 (-0.4%) $219,035 (15.0%) 0.00 130
    2020-04-01 $147,725 (-1.5%) $247,417 (22.1%) 0.00 123
    2020-05-01 $145,000 (-3.7%) $257,270 (21.4%) 0.00 126
    2020-06-01 $146,250 (-2.4%) $260,336 (21.2%) 0.00 121
    2020-07-01 $175,975 (17.4%) $269,449 (27.3%) 0.00 131
    2020-08-01 $149,900 (3.1%) $252,749 (20.8%) 0.00 126
    2020-09-01 $152,500 (10.0%) $263,284 (29.3%) 0.00 113
    2020-10-01 $142,400 (6.9%) $252,985 (26.6%) 0.00 105
    2020-11-01 $143,650 (9.3%) $244,219 (21.0%) 0.00 107
    2020-12-01 $139,900 (7.7%) $255,812 (26.8%) 0.00 90
    2021-01-01 $144,900 (8.3%) $271,993 (34.7%) 0.00 70
    2021-02-01 $144,925 (8.6%) $297,133 (43.1%) 0.00 60
    2021-03-01 $152,400 (7.0%) $313,650 (43.2%) 0.00 56
    2021-04-01 $169,000 (14.4%) $277,165 (12.0%) 0.00 53
    2021-05-01 $174,000 (20.0%) $255,000 (-0.9%) 0.00 55
    2021-06-01 $179,000 (22.4%) $334,206 (28.4%) 0.00 64
    2021-07-01 $180,850 (2.8%) $374,041 (38.8%) 0.00 69
    2021-08-01 $174,225 (16.2%) $336,231 (33.0%) 0.00 82
    2021-09-01 $171,725 (12.6%) $327,174 (24.3%) 0.00 83
    2021-10-01 $179,900 (26.3%) $348,493 (37.8%) 0.00 80
    2021-11-01 $165,700 (15.4%) $346,183 (41.8%) 0.00 66
    2021-12-01 $169,975 (21.5%) $359,310 (40.5%) 0.00 59
    2022-01-01 $164,900 (13.8%) $364,190 (33.9%) 0.00 48
    2022-02-01 $176,750 (22.0%) $395,288 (33.0%) 0.00 42
    2022-03-01 $228,000 (49.6%) $492,293 (57.0%) 0.00 30
    2022-04-01 $267,000 (58.0%) $489,368 (76.6%) 0.00 37
    2022-05-01 $168,750 (-3.0%) $438,481 (72.0%) 0.00 45
    2022-06-01 $179,500 (0.3%) $393,319 (17.7%) 0.00 52
    2022-07-01 $214,900 (18.8%) $338,187 (-9.6%) 0.00 59
    2022-08-01 $214,900 (23.4%) $309,530 (-7.9%) 0.00 77
    2022-09-01 $187,300 (9.1%) $287,875 (-12.0%) 0.00 79
    2022-10-01 $197,450 (9.8%) $285,369 (-18.1%) 0.00 78
    2022-11-01 $199,900 (20.6%) $287,402 (-17.0%) 0.00 61
    2022-12-01 $179,000 (5.3%) $261,095 (-27.3%) 0.00 59
    2023-01-01 $189,225 (14.8%) $259,025 (-28.9%) 0.00 52
    2023-02-01 $186,725 (5.6%) $319,666 (-19.1%) 0.00 41
    2023-03-01 $186,000 (-18.4%) $308,730 (-37.3%) 0.00 48
    2023-04-01 $189,450 (-29.0%) $307,283 (-37.2%) 0.00 45
    2023-05-01 $202,450 (20.0%) $309,473 (-29.4%) 0.00 46
    2023-06-01 $189,225 (5.4%) $316,833 (-19.5%) 0.00 50
    2023-07-01 $192,400 (-10.5%) $332,781 (-1.6%) 0.00 52
    2023-08-01 $189,225 (-12.0%) $254,465 (-17.8%) 0.00 60
    2023-09-01 $189,900 (1.4%) $333,280 (15.8%) 0.00 60
    2023-10-01 $182,750 (-7.4%) $315,905 (10.7%) 0.00 68
    2023-11-01 $175,925 (-12.0%) $262,372 (-8.7%) 0.00 62
    2023-12-01 $172,250 (-3.8%) $251,491 (-3.7%) 0.00 60
    2024-01-01 $164,900 (-12.9%) $242,888 (-6.2%) 0.00 56
    2024-02-01 $159,900 (-14.4%) $254,371 (-20.4%) 0.00 45
    2024-03-01 $179,900 (-3.3%) $358,095 (16.0%) 0.00 40
    2024-04-01 $179,900 (-5.0%) $391,556 (27.4%) 0.00 33
    2024-05-01 $173,650 (-14.2%) $375,065 (21.2%) 0.00 39
    2024-06-01 $174,900 (-7.6%) $372,844 (17.7%) 0.00 43
    2024-07-01 $174,925 (-9.1%) $326,249 (-2.0%) 0.00 64
    2024-08-01 $168,000 (-11.2%) $275,114 (8.1%) 0.00 70
    2024-09-01 $178,925 (-5.8%) $281,353 (-15.6%) 0.00 81
    2024-10-01 $171,150 (-6.4%) $284,118 (-10.1%) 0.00 87
    2024-11-01 $168,700 (-4.1%) $280,249 (6.8%) 0.00 81
    2024-12-01 $175,000 (1.6%) $279,121 (11.0%) 0.00 77
    2025-01-01 $169,975 (3.1%) $301,509 (24.1%) 0.00 68
    Iron Mountain's median listing price for 2025-01-01 was $169,975, a difference of $5,075 (3.1%) versus the prior year and $-5,025 versus the prior month.

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

    Iron Mountain's average listing price for 2025-01-01 was $301,509, a difference of $58,621 (24.1%) versus the prior year and $22,388 versus the prior month.

    For the 2025-01-01 period, Iron Mountain had 68 MLS listings, a difference of -9 listings (-12%) versus the prior month and 12 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Iron Mountain (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,435 sqft
    2018-02-01 0 days 1,510 sqft
    2018-03-01 0 days 1,553 sqft
    2018-04-01 0 days 1,560 sqft
    2018-05-01 0 days 1,551 sqft
    2018-06-01 0 days 1,566 sqft
    2018-07-01 0 days 1,565 sqft
    2018-08-01 0 days 1,566 sqft
    2018-09-01 0 days 1,595 sqft
    2018-10-01 0 days 1,600 sqft
    2018-11-01 0 days 1,593 sqft
    2018-12-01 0 days 1,566 sqft
    2019-01-01 0 days 1,514 sqft
    2019-02-01 0 days 1,507 sqft
    2019-03-01 0 days 1,568 sqft
    2019-04-01 0 days 1,665 sqft
    2019-05-01 0 days 1,621 sqft
    2019-06-01 0 days 1,596 sqft
    2019-07-01 0 days 1,593 sqft
    2019-08-01 0 days 1,579 sqft
    2019-09-01 0 days 1,588 sqft
    2019-10-01 0 days 1,571 sqft
    2019-11-01 0 days 1,528 sqft
    2019-12-01 0 days 1,499 sqft
    2020-01-01 0 days 1,464 sqft
    2020-02-01 0 days 1,473 sqft
    2020-03-01 0 days 1,558 sqft
    2020-04-01 0 days 1,562 sqft
    2020-05-01 0 days 1,564 sqft
    2020-06-01 0 days 1,571 sqft
    2020-07-01 0 days 1,563 sqft
    2020-08-01 0 days 1,548 sqft
    2020-09-01 0 days 1,506 sqft
    2020-10-01 0 days 1,491 sqft
    2020-11-01 0 days 1,524 sqft
    2020-12-01 0 days 1,535 sqft
    2021-01-01 0 days 1,510 sqft
    2021-02-01 0 days 1,508 sqft
    2021-03-01 0 days 1,553 sqft
    2021-04-01 0 days 1,570 sqft
    2021-05-01 0 days 1,580 sqft
    2021-06-01 0 days 1,560 sqft
    2021-07-01 0 days 1,481 sqft
    2021-08-01 0 days 1,563 sqft
    2021-09-01 0 days 1,530 sqft
    2021-10-01 0 days 1,488 sqft
    2021-11-01 0 days 1,409 sqft
    2021-12-01 0 days 1,396 sqft
    2022-01-01 0 days 1,374 sqft
    2022-02-01 0 days 1,442 sqft
    2022-03-01 0 days 1,400 sqft
    2022-04-01 0 days 1,620 sqft
    2022-05-01 0 days 1,337 sqft
    2022-06-01 0 days 1,429 sqft
    2022-07-01 0 days 1,421 sqft
    2022-08-01 0 days 1,535 sqft
    2022-09-01 0 days 1,422 sqft
    2022-10-01 0 days 1,482 sqft
    2022-11-01 0 days 1,473 sqft
    2022-12-01 0 days 1,512 sqft
    2023-01-01 0 days 1,525 sqft
    2023-02-01 0 days 1,443 sqft
    2023-03-01 0 days 1,488 sqft
    2023-04-01 0 days 1,581 sqft
    2023-05-01 0 days 1,452 sqft
    2023-06-01 0 days 1,519 sqft
    2023-07-01 0 days 1,497 sqft
    2023-08-01 0 days 1,500 sqft
    2023-09-01 0 days 1,600 sqft
    2023-10-01 0 days 1,633 sqft
    2023-11-01 0 days 1,578 sqft
    2023-12-01 0 days 1,510 sqft
    2024-01-01 0 days 1,452 sqft
    2024-02-01 0 days 1,432 sqft
    2024-03-01 0 days 1,504 sqft
    2024-04-01 0 days 1,467 sqft
    2024-05-01 0 days 1,490 sqft
    2024-06-01 0 days 1,612 sqft
    2024-07-01 0 days 1,536 sqft
    2024-08-01 0 days 1,362 sqft
    2024-09-01 0 days 1,475 sqft
    2024-10-01 0 days 1,392 sqft
    2024-11-01 0 days 1,430 sqft
    2024-12-01 0 days 1,440 sqft
    2025-01-01 0 days 1,452 sqft
    Iron Mountain's median listing age (time on market) for 2025-01-01 was 0 days.

    Iron Mountain's median square footage for active listings during the 2025-01-01 period was 1,452 sqft. One year prior, the average listing was 1,452 sqft.