Marquette USDA Loan Rates, Closing Costs & Stats

Marquette, MI

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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.

    Marquette's 4 lenders originated 8 USDA loans during 2023. The total origination value was $1,230,000, with an average USDA loan value of $153,750.

    Marquette USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Marquette averaged 6.85% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Marquette's average USDA mortgage closing costs are $3,704.

    The average rate for the prior week (2025-02-07) was 6.91% and one month ago for the week of 2025-01-10, the average rate was 6.95%.

    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.

    Marquette 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 Marquette level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    IncredibleBank 3 6.46% $4,411
    MICHIGAN MUTUAL, INC. 3 6.96% $8,284
    BROKER SOLUTIONS, INC. 1 6.25% $6,068
    Flagstar Bank, FSB 1 7.25% $6,507

    The top Marquette USDA lender as defined by loan originations is IncredibleBank, with 3 USDA loans originated. Their average total fees are $4,411, which is $3,873 lower than the next largest lender, MICHIGAN MUTUAL, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Marquette (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 $164,950 (10.2%) $410,011 (73.0%) 0.00 332
    2018-02-01 $172,300 (11.2%) $439,788 (83.1%) 0.00 304
    2018-03-01 $174,900 (9.4%) $444,862 (84.1%) 0.00 306
    2018-04-01 $179,350 (5.6%) $442,984 (69.1%) 0.00 312
    2018-05-01 $189,000 (11.2%) $435,615 (70.7%) 0.00 337
    2018-06-01 $184,700 (9.1%) $392,259 (56.6%) 0.00 389
    2018-07-01 $189,700 (11.7%) $381,605 (50.4%) 0.00 417
    2018-08-01 $189,900 (11.7%) $360,350 (43.2%) 0.00 431
    2018-09-01 $181,000 (11.7%) $384,725 (32.2%) 0.00 445
    2018-10-01 $184,900 (15.6%) $390,744 (25.3%) 0.00 421
    2018-11-01 $179,900 (12.9%) $400,366 (12.9%) 0.00 389
    2018-12-01 $189,700 (18.6%) $424,558 (13.8%) 0.00 340
    2019-01-01 $189,250 (14.7%) $454,992 (11.0%) 0.00 286
    2019-02-01 $187,250 (8.7%) $470,302 (6.9%) 0.00 273
    2019-03-01 $198,243 (13.4%) $425,936 (-4.3%) 0.00 262
    2019-04-01 $209,950 (17.1%) $359,192 (-18.9%) 0.00 255
    2019-05-01 $209,500 (10.9%) $352,392 (-19.1%) 0.00 271
    2019-06-01 $210,000 (13.7%) $326,032 (-16.9%) 0.00 336
    2019-07-01 $196,925 (3.8%) $307,334 (-19.5%) 0.00 364
    2019-08-01 $189,814 (-0.1%) $301,322 (-16.4%) 0.00 375
    2019-09-01 $187,359 (3.5%) $295,022 (-23.3%) 0.00 383
    2019-10-01 $185,723 (0.4%) $288,390 (-26.2%) 0.00 389
    2019-11-01 $178,900 (-0.6%) $254,947 (-36.3%) 0.00 350
    2019-12-01 $179,900 (-5.2%) $265,234 (-37.5%) 0.00 297
    2020-01-01 $177,600 (-6.2%) $262,320 (-42.4%) 0.00 240
    2020-02-01 $189,900 (1.4%) $307,992 (-34.5%) 0.00 221
    2020-03-01 $190,450 (-3.9%) $325,624 (-23.6%) 0.00 204
    2020-04-01 $209,400 (-0.3%) $330,967 (-7.9%) 0.00 202
    2020-05-01 $213,500 (1.9%) $323,044 (-8.3%) 0.00 207
    2020-06-01 $199,900 (-4.8%) $365,955 (12.3%) 0.00 214
    2020-07-01 $223,700 (13.6%) $379,594 (23.5%) 0.00 209
    2020-08-01 $214,000 (12.7%) $345,192 (14.6%) 0.00 198
    2020-09-01 $201,950 (7.8%) $356,967 (21.0%) 0.00 182
    2020-10-01 $189,700 (2.1%) $361,391 (25.3%) 0.00 167
    2020-11-01 $183,700 (2.7%) $333,591 (30.9%) 0.00 152
    2020-12-01 $185,450 (3.1%) $337,338 (27.2%) 0.00 132
    2021-01-01 $189,500 (6.7%) $360,236 (37.3%) 0.00 110
    2021-02-01 $214,000 (12.7%) $426,282 (38.4%) 0.00 88
    2021-03-01 $222,200 (16.7%) $409,479 (25.8%) 0.00 104
    2021-04-01 $233,625 (11.6%) $448,254 (35.4%) 0.00 97
    2021-05-01 $249,900 (17.1%) $425,390 (31.7%) 0.00 121
    2021-06-01 $249,450 (24.8%) $417,224 (14.0%) 0.00 135
    2021-07-01 $250,000 (11.8%) $419,166 (10.4%) 0.00 134
    2021-08-01 $256,250 (19.7%) $441,262 (27.8%) 0.00 129
    2021-09-01 $292,175 (44.7%) $447,700 (25.4%) 0.00 116
    2021-10-01 $250,000 (31.8%) $451,875 (25.0%) 0.00 101
    2021-11-01 $221,175 (20.4%) $464,758 (39.3%) 0.00 77
    2021-12-01 $183,700 (-0.9%) $429,432 (27.3%) 0.00 74
    2022-01-01 $188,500 (-0.5%) $464,400 (28.9%) 0.00 61
    2022-02-01 $229,725 (7.4%) $500,450 (17.4%) 0.00 59
    2022-03-01 $265,000 (19.3%) $574,008 (40.2%) 0.00 45
    2022-04-01 $201,950 (-13.6%) $534,160 (19.2%) 0.00 49
    2022-05-01 $208,450 (-16.6%) $297,377 (-30.1%) 0.00 65
    2022-06-01 $239,900 (-3.8%) $373,476 (-10.5%) 0.00 89
    2022-07-01 $242,450 (-3.0%) $380,233 (-9.3%) 0.00 112
    2022-08-01 $254,200 (-0.8%) $394,928 (-10.5%) 0.00 124
    2022-09-01 $241,750 (-17.3%) $404,000 (-9.8%) 0.00 120
    2022-10-01 $249,999 (0.0%) $432,068 (-4.4%) 0.00 106
    2022-11-01 $265,000 (19.8%) $437,651 (-5.8%) 0.00 92
    2022-12-01 $272,500 (48.3%) $445,368 (3.7%) 0.00 74
    2023-01-01 $255,750 (35.7%) $450,665 (-3.0%) 0.00 69
    2023-02-01 $264,000 (14.9%) $480,578 (-4.0%) 0.00 52
    2023-03-01 $316,475 (19.4%) $507,234 (-11.6%) 0.00 46
    2023-04-01 $294,500 (45.8%) $525,809 (-1.6%) 0.00 47
    2023-05-01 $294,725 (41.4%) $464,109 (56.1%) 0.00 69
    2023-06-01 $332,400 (38.6%) $449,910 (20.5%) 0.00 80
    2023-07-01 $326,950 (34.9%) $455,785 (19.9%) 0.00 111
    2023-08-01 $299,675 (17.9%) $452,337 (14.5%) 0.00 121
    2023-09-01 $304,900 (26.1%) $442,218 (9.5%) 0.00 124
    2023-10-01 $332,450 (33.0%) $446,284 (3.3%) 0.00 120
    2023-11-01 $336,000 (26.8%) $458,605 (4.8%) 0.00 107
    2023-12-01 $364,950 (33.9%) $488,693 (9.7%) 0.00 91
    2024-01-01 $328,000 (28.3%) $461,550 (2.4%) 0.00 74
    2024-02-01 $332,425 (25.9%) $460,532 (-4.2%) 0.00 74
    2024-03-01 $329,900 (4.2%) $477,401 (-5.9%) 0.00 77
    2024-04-01 $330,475 (12.2%) $480,799 (-8.6%) 0.00 87
    2024-05-01 $343,250 (16.5%) $494,561 (6.6%) 0.00 100
    2024-06-01 $375,000 (12.8%) $521,560 (15.9%) 0.00 103
    2024-07-01 $349,000 (6.7%) $495,731 (8.8%) 0.00 107
    2024-08-01 $299,450 (-0.1%) $445,262 (-1.6%) 0.00 122
    2024-09-01 $294,450 (-3.4%) $434,606 (-1.7%) 0.00 114
    2024-10-01 $306,975 (-7.7%) $487,030 (9.1%) 0.00 115
    2024-11-01 $310,000 (-7.7%) $488,713 (6.6%) 0.00 110
    2024-12-01 $328,500 (-10.0%) $481,981 (-1.4%) 0.00 104
    2025-01-01 $344,975 (5.2%) $482,477 (4.5%) 0.00 88
    Marquette's median listing price for 2025-01-01 was $344,975, a difference of $16,975 (5.2%) versus the prior year and $16,475 versus the prior month.

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

    Marquette's average listing price for 2025-01-01 was $482,477, a difference of $20,927 (4.5%) versus the prior year and $496 versus the prior month.

    For the 2025-01-01 period, Marquette had 88 MLS listings, a difference of -16 listings (-15%) versus the prior month and 14 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Marquette (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,618 sqft
    2018-02-01 0 days 1,624 sqft
    2018-03-01 0 days 1,603 sqft
    2018-04-01 0 days 1,607 sqft
    2018-05-01 0 days 1,586 sqft
    2018-06-01 0 days 1,540 sqft
    2018-07-01 0 days 1,538 sqft
    2018-08-01 0 days 1,556 sqft
    2018-09-01 0 days 1,544 sqft
    2018-10-01 0 days 1,541 sqft
    2018-11-01 0 days 1,515 sqft
    2018-12-01 0 days 1,512 sqft
    2019-01-01 0 days 1,494 sqft
    2019-02-01 0 days 1,493 sqft
    2019-03-01 0 days 1,495 sqft
    2019-04-01 0 days 1,516 sqft
    2019-05-01 0 days 1,533 sqft
    2019-06-01 0 days 1,580 sqft
    2019-07-01 0 days 1,562 sqft
    2019-08-01 0 days 1,569 sqft
    2019-09-01 0 days 1,582 sqft
    2019-10-01 0 days 1,591 sqft
    2019-11-01 0 days 1,552 sqft
    2019-12-01 0 days 1,566 sqft
    2020-01-01 0 days 1,555 sqft
    2020-02-01 0 days 1,564 sqft
    2020-03-01 0 days 1,528 sqft
    2020-04-01 0 days 1,516 sqft
    2020-05-01 0 days 1,520 sqft
    2020-06-01 0 days 1,484 sqft
    2020-07-01 0 days 1,532 sqft
    2020-08-01 0 days 1,494 sqft
    2020-09-01 0 days 1,465 sqft
    2020-10-01 0 days 1,435 sqft
    2020-11-01 0 days 1,354 sqft
    2020-12-01 0 days 1,348 sqft
    2021-01-01 0 days 1,430 sqft
    2021-02-01 0 days 1,526 sqft
    2021-03-01 0 days 1,560 sqft
    2021-04-01 0 days 1,560 sqft
    2021-05-01 0 days 1,560 sqft
    2021-06-01 0 days 1,560 sqft
    2021-07-01 0 days 1,560 sqft
    2021-08-01 0 days 1,560 sqft
    2021-09-01 0 days 1,560 sqft
    2021-10-01 0 days 1,555 sqft
    2021-11-01 0 days 1,531 sqft
    2021-12-01 0 days 1,314 sqft
    2022-01-01 0 days 1,316 sqft
    2022-02-01 0 days 1,496 sqft
    2022-03-01 0 days 1,389 sqft
    2022-04-01 0 days 1,352 sqft
    2022-05-01 0 days 1,387 sqft
    2022-06-01 0 days 1,555 sqft
    2022-07-01 0 days 1,491 sqft
    2022-08-01 0 days 1,599 sqft
    2022-09-01 0 days 1,471 sqft
    2022-10-01 0 days 1,359 sqft
    2022-11-01 0 days 1,433 sqft
    2022-12-01 0 days 1,350 sqft
    2023-01-01 0 days 1,279 sqft
    2023-02-01 0 days 1,274 sqft
    2023-03-01 0 days 1,414 sqft
    2023-04-01 0 days 1,597 sqft
    2023-05-01 0 days 1,592 sqft
    2023-06-01 0 days 1,503 sqft
    2023-07-01 0 days 1,339 sqft
    2023-08-01 0 days 1,349 sqft
    2023-09-01 0 days 1,430 sqft
    2023-10-01 0 days 1,409 sqft
    2023-11-01 0 days 1,362 sqft
    2023-12-01 0 days 1,527 sqft
    2024-01-01 0 days 1,312 sqft
    2024-02-01 0 days 1,513 sqft
    2024-03-01 0 days 1,584 sqft
    2024-04-01 0 days 1,619 sqft
    2024-05-01 0 days 1,692 sqft
    2024-06-01 0 days 1,678 sqft
    2024-07-01 0 days 1,680 sqft
    2024-08-01 0 days 1,674 sqft
    2024-09-01 0 days 1,740 sqft
    2024-10-01 0 days 1,795 sqft
    2024-11-01 0 days 1,785 sqft
    2024-12-01 0 days 1,771 sqft
    2025-01-01 0 days 1,705 sqft
    Marquette's median listing age (time on market) for 2025-01-01 was 0 days.

    Marquette's median square footage for active listings during the 2025-01-01 period was 1,705 sqft. One year prior, the average listing was 1,312 sqft.