Jamestown USDA Loan Rates, Closing Costs & Stats

Jamestown, ND

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Jamestown's 6 lenders originated 13 USDA loans during 2023. The total origination value was $2,225,000, with an average USDA loan value of $171,154.

    Jamestown USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Jamestown averaged 0.18% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Jamestown's average USDA mortgage closing costs are $5,419.

    The average rate for the prior week (2024-11-08) was 6.43% and one month ago for the week of 2024-10-11, the average rate was 5.89%.

    The average rate one year ago was 7.42%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

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

    Jamestown 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 Jamestown level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FIRST COMMUNITY CREDIT UNION 7 5.67% $5,741
    UNITED WHOLESALE MORTGAGE, LLC 2 7.12% $6,576
    Choice Financial Group 1 5.90% $4,409
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.95% $5,790
    Gate City Bank 1 6.25% $4,348
    TOP FLITE FINANCIAL, INC. 1 7.13% $5,812

    The top Jamestown USDA lender as defined by loan originations is FIRST COMMUNITY CREDIT UNION, with 7 USDA loans originated. Their average total fees are $5,741, which is $834 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Jamestown (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 $191,050 (-11.4%) $227,152 (-12.2%) 0.00 82
    2018-02-01 $189,900 (-14.5%) $230,083 (-14.0%) 0.00 87
    2018-03-01 $189,900 (-14.8%) $225,156 (-13.2%) 0.00 92
    2018-04-01 $189,425 (-15.3%) $223,191 (-16.7%) 0.00 103
    2018-05-01 $195,053 (-10.7%) $222,256 (-11.3%) 0.00 105
    2018-06-01 $193,900 (-3.7%) $218,750 (-7.9%) 0.00 112
    2018-07-01 $195,753 (-12.8%) $223,820 (-8.7%) 0.00 120
    2018-08-01 $197,954 (-0.5%) $223,048 (-5.2%) 0.00 121
    2018-09-01 $198,000 (4.3%) $216,770 (-5.5%) 0.00 121
    2018-10-01 $184,450 (-2.9%) $210,115 (-8.4%) 0.00 117
    2018-11-01 $189,225 (-2.7%) $212,992 (-6.7%) 0.00 109
    2018-12-01 $193,500 (1.9%) $214,902 (-2.7%) 0.00 102
    2019-01-01 $184,450 (-3.5%) $213,441 (-6.0%) 0.00 94
    2019-02-01 $179,900 (-5.3%) $213,531 (-7.2%) 0.00 91
    2019-03-01 $189,643 (-0.1%) $222,626 (-1.1%) 0.00 84
    2019-04-01 $194,900 (2.9%) $229,172 (2.7%) 0.00 79
    2019-05-01 $213,950 (9.7%) $244,050 (9.8%) 0.00 89
    2019-06-01 $197,950 (2.1%) $233,293 (6.7%) 0.00 101
    2019-07-01 $196,025 (0.1%) $233,559 (4.4%) 0.00 99
    2019-08-01 $191,005 (-3.5%) $229,250 (2.8%) 0.00 102
    2019-09-01 $184,786 (-6.7%) $218,050 (0.6%) 0.00 100
    2019-10-01 $179,975 (-2.4%) $209,951 (-0.1%) 0.00 98
    2019-11-01 $167,950 (-11.2%) $197,404 (-7.3%) 0.00 93
    2019-12-01 $167,425 (-13.5%) $191,658 (-10.8%) 0.00 85
    2020-01-01 $166,225 (-9.9%) $194,781 (-8.7%) 0.00 77
    2020-02-01 $168,950 (-6.1%) $195,617 (-8.4%) 0.00 79
    2020-03-01 $176,700 (-6.8%) $209,767 (-5.8%) 0.00 81
    2020-04-01 $168,750 (-13.4%) $202,066 (-11.8%) 0.00 76
    2020-05-01 $183,000 (-14.5%) $210,508 (-13.7%) 0.00 82
    2020-06-01 $185,000 (-6.5%) $211,227 (-9.5%) 0.00 81
    2020-07-01 $189,675 (-3.2%) $218,439 (-6.5%) 0.00 70
    2020-08-01 $191,900 (0.5%) $226,320 (-1.3%) 0.00 77
    2020-09-01 $182,400 (-1.3%) $218,764 (0.3%) 0.00 77
    2020-10-01 $185,500 (3.1%) $217,128 (3.4%) 0.00 77
    2020-11-01 $194,725 (15.9%) $227,999 (15.5%) 0.00 67
    2020-12-01 $191,500 (14.4%) $221,252 (15.4%) 0.00 72
    2021-01-01 $186,500 (12.2%) $211,606 (8.6%) 0.00 57
    2021-02-01 $186,500 (10.4%) $209,538 (7.1%) 0.00 52
    2021-03-01 $184,000 (4.1%) $206,302 (-1.7%) 0.00 51
    2021-04-01 $162,000 (-4.0%) $202,739 (0.3%) 0.00 50
    2021-05-01 $163,450 (-10.7%) $211,147 (0.3%) 0.00 39
    2021-06-01 $169,999 (-8.1%) $223,895 (6.0%) 0.00 37
    2021-07-01 $179,000 (-5.6%) $222,515 (1.9%) 0.00 49
    2021-08-01 $193,200 (0.7%) $216,031 (-4.6%) 0.00 48
    2021-09-01 $167,450 (-8.2%) $223,608 (2.2%) 0.00 45
    2021-10-01 $163,000 (-12.1%) $199,155 (-8.3%) 0.00 37
    2021-11-01 $175,000 (-10.1%) $210,047 (-7.9%) 0.00 30
    2021-12-01 $179,900 (-6.1%) $222,198 (0.4%) 0.00 30
    2022-01-01 $179,900 (-3.5%) $241,277 (14.0%) 0.00 29
    2022-02-01 $210,500 (12.9%) $242,202 (15.6%) 0.00 25
    2022-03-01 $200,950 (9.2%) $238,623 (15.7%) 0.00 32
    2022-04-01 $212,000 (30.9%) $246,500 (21.6%) 0.00 28
    2022-05-01 $176,725 (8.1%) $219,717 (4.1%) 0.00 38
    2022-06-01 $169,925 (0.0%) $200,766 (-10.3%) 0.00 40
    2022-07-01 $189,900 (6.1%) $211,826 (-4.8%) 0.00 43
    2022-08-01 $194,950 (0.9%) $248,696 (15.1%) 0.00 55
    2022-09-01 $181,220 (8.2%) $231,548 (3.6%) 0.00 56
    2022-10-01 $174,450 (7.0%) $226,337 (13.7%) 0.00 57
    2022-11-01 $172,900 (-1.2%) $234,143 (11.5%) 0.00 46
    2022-12-01 $170,950 (-5.0%) $215,851 (-2.9%) 0.00 40
    2023-01-01 $164,225 (-8.7%) $209,265 (-13.3%) 0.00 41
    2023-02-01 $164,225 (-22.0%) $212,842 (-12.1%) 0.00 31
    2023-03-01 $168,000 (-16.4%) $235,283 (-1.4%) 0.00 21
    2023-04-01 $179,900 (-15.1%) $263,042 (6.7%) 0.00 23
    2023-05-01 $211,175 (19.5%) $271,814 (23.7%) 0.00 30
    2023-06-01 $248,200 (46.1%) $278,791 (38.9%) 0.00 48
    2023-07-01 $215,950 (13.7%) $267,630 (26.3%) 0.00 50
    2023-08-01 $229,700 (17.8%) $292,556 (17.6%) 0.00 56
    2023-09-01 $234,450 (29.4%) $290,854 (25.6%) 0.00 50
    2023-10-01 $226,175 (29.7%) $248,052 (9.6%) 0.00 52
    2023-11-01 $229,450 (32.7%) $252,614 (7.9%) 0.00 43
    2023-12-01 $244,900 (43.3%) $259,141 (20.1%) 0.00 36
    2024-01-01 $234,450 (42.8%) $242,017 (15.7%) 0.00 36
    2024-02-01 $212,175 (29.2%) $220,954 (3.8%) 0.00 31
    2024-03-01 $174,450 (3.8%) $254,680 (8.2%) 0.00 28
    2024-04-01 $183,475 (2.0%) $278,272 (5.8%) 0.00 26
    2024-05-01 $216,150 (2.4%) $305,905 (12.5%) 0.00 28
    2024-06-01 $229,000 (-7.7%) $333,966 (19.8%) 0.00 29
    2024-07-01 $211,450 (-2.1%) $332,338 (24.2%) 0.00 34
    2024-08-01 $265,000 (15.4%) $353,805 (20.9%) 0.00 34
    2024-09-01 $234,600 (0.1%) $305,591 (5.1%) 0.00 39
    2024-10-01 $204,450 (-9.6%) $286,166 (15.4%) 0.00 35
    Jamestown's median listing price for 2024-10-01 was $204,450, a difference of $-21,725 (-9.6%) versus the prior year and $-30,150 versus the prior month.

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

    Jamestown's average listing price for 2024-10-01 was $286,166, a difference of $38,114 (15.4%) versus the prior year and $-19,425 versus the prior month.

    For the 2024-10-01 period, Jamestown had 35 MLS listings, a difference of -4 listings (-10%) versus the prior month and -17 listings (-33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Jamestown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,999 sqft
    2018-02-01 0 days 1,992 sqft
    2018-03-01 0 days 1,959 sqft
    2018-04-01 0 days 1,916 sqft
    2018-05-01 0 days 1,896 sqft
    2018-06-01 0 days 1,904 sqft
    2018-07-01 0 days 1,971 sqft
    2018-08-01 0 days 2,000 sqft
    2018-09-01 0 days 2,008 sqft
    2018-10-01 0 days 1,960 sqft
    2018-11-01 0 days 1,943 sqft
    2018-12-01 0 days 2,000 sqft
    2019-01-01 0 days 1,960 sqft
    2019-02-01 0 days 1,970 sqft
    2019-03-01 0 days 2,034 sqft
    2019-04-01 0 days 2,037 sqft
    2019-05-01 0 days 2,175 sqft
    2019-06-01 0 days 2,036 sqft
    2019-07-01 0 days 2,000 sqft
    2019-08-01 0 days 1,952 sqft
    2019-09-01 0 days 1,880 sqft
    2019-10-01 0 days 1,824 sqft
    2019-11-01 0 days 1,824 sqft
    2019-12-01 0 days 1,816 sqft
    2020-01-01 0 days 1,807 sqft
    2020-02-01 0 days 1,824 sqft
    2020-03-01 0 days 1,920 sqft
    2020-04-01 0 days 1,847 sqft
    2020-05-01 0 days 1,960 sqft
    2020-06-01 0 days 1,991 sqft
    2020-07-01 0 days 1,956 sqft
    2020-08-01 0 days 1,994 sqft
    2020-09-01 0 days 1,988 sqft
    2020-10-01 0 days 1,976 sqft
    2020-11-01 0 days 2,021 sqft
    2020-12-01 0 days 1,994 sqft
    2021-01-01 0 days 1,806 sqft
    2021-02-01 0 days 1,903 sqft
    2021-03-01 0 days 1,784 sqft
    2021-04-01 0 days 1,652 sqft
    2021-05-01 0 days 1,652 sqft
    2021-06-01 0 days 1,639 sqft
    2021-07-01 0 days 1,600 sqft
    2021-08-01 0 days 1,576 sqft
    2021-09-01 0 days 1,627 sqft
    2021-10-01 0 days 1,510 sqft
    2021-11-01 0 days 1,858 sqft
    2021-12-01 0 days 1,989 sqft
    2022-01-01 0 days 1,920 sqft
    2022-02-01 0 days 1,800 sqft
    2022-03-01 0 days 1,850 sqft
    2022-04-01 0 days 2,191 sqft
    2022-05-01 0 days 1,651 sqft
    2022-06-01 0 days 1,569 sqft
    2022-07-01 0 days 1,563 sqft
    2022-08-01 0 days 1,670 sqft
    2022-09-01 0 days 1,615 sqft
    2022-10-01 0 days 1,668 sqft
    2022-11-01 0 days 1,713 sqft
    2022-12-01 0 days 1,698 sqft
    2023-01-01 0 days 1,630 sqft
    2023-02-01 0 days 1,591 sqft
    2023-03-01 0 days 1,582 sqft
    2023-04-01 0 days 1,834 sqft
    2023-05-01 0 days 1,840 sqft
    2023-06-01 0 days 2,195 sqft
    2023-07-01 0 days 2,040 sqft
    2023-08-01 0 days 2,190 sqft
    2023-09-01 0 days 2,068 sqft
    2023-10-01 0 days 1,946 sqft
    2023-11-01 0 days 2,011 sqft
    2023-12-01 0 days 2,026 sqft
    2024-01-01 0 days 2,019 sqft
    2024-02-01 0 days 1,927 sqft
    2024-03-01 0 days 1,952 sqft
    2024-04-01 0 days 2,117 sqft
    2024-05-01 0 days 2,184 sqft
    2024-06-01 0 days 2,158 sqft
    2024-07-01 0 days 2,058 sqft
    2024-08-01 0 days 2,152 sqft
    2024-09-01 0 days 2,029 sqft
    2024-10-01 0 days 1,903 sqft
    Jamestown's median listing age (time on market) for 2024-10-01 was 0 days.

    Jamestown's median square footage for active listings during the 2024-10-01 period was 1,903 sqft. One year prior, the average listing was 1,946 sqft.