Minot USDA Loan Rates, Closing Costs & Stats

Minot, ND

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.

Minot's 6 lenders originated 12 USDA loans during 2022. The total origination value was $2,680,000, with an average USDA loan value of $223,333.

Minot USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Minot averaged -0.8% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

Minot's average USDA mortgage closing costs are $5,709.

The average rate for the prior week (2024-02-16) was 6.18% and one month ago for the week of 2024-01-19, the average rate was 5.56%.

The average rate one year ago was 5.76%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.61%.

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

Minot 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 Minot level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
TOWN AND COUNTRY Credit Union 5 3.25% $6,124
Bremer Bank 1 5.05% $3,723
CAPITAL CREDIT UNION 1 2.38% $13,596
First Savings Bank 1 5.25% $7,595
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.25% $8,387
UNITED WHOLESALE MORTGAGE, LLC 1 4.59% $10,589

The top Minot USDA lender as defined by loan originations is TOWN AND COUNTRY Credit Union, with 5 USDA loans originated. Their average total fees are $6,124, which is $2,401 higher than the next largest lender, Bremer Bank.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Minot (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 $208,450 (-4.5%) $230,361 (-2.1%) 0.00 404
2018-02-01 $210,000 (-1.2%) $236,507 (3.3%) 0.00 396
2018-03-01 $210,000 (-1.6%) $236,582 (2.6%) 0.00 394
2018-04-01 $219,900 (4.8%) $240,121 (3.7%) 0.00 404
2018-05-01 $219,900 (8.5%) $278,740 (21.1%) 0.00 456
2018-06-01 $219,900 (10.0%) $279,745 (25.1%) 0.00 494
2018-07-01 $219,900 (8.9%) $280,108 (26.3%) 0.00 514
2018-08-01 $219,000 (9.6%) $278,707 (25.6%) 0.00 497
2018-09-01 $214,900 (4.9%) $279,997 (24.0%) 0.00 486
2018-10-01 $209,925 (2.0%) $277,616 (21.7%) 0.00 482
2018-11-01 $203,250 (-2.1%) $272,975 (18.5%) 0.00 481
2018-12-01 $199,900 (-2.5%) $271,581 (17.2%) 0.00 420
2019-01-01 $199,450 (-4.3%) $273,371 (18.7%) 0.00 374
2019-02-01 $199,725 (-4.9%) $272,637 (15.3%) 0.00 382
2019-03-01 $204,243 (-2.7%) $253,142 (7.0%) 0.00 418
2019-04-01 $209,900 (-4.6%) $225,260 (-6.2%) 0.00 461
2019-05-01 $209,925 (-4.5%) $226,906 (-18.6%) 0.00 481
2019-06-01 $214,500 (-2.5%) $225,329 (-19.5%) 0.00 469
2019-07-01 $211,250 (-3.9%) $225,805 (-19.4%) 0.00 475
2019-08-01 $207,173 (-5.4%) $224,373 (-19.5%) 0.00 465
2019-09-01 $203,082 (-5.5%) $223,345 (-20.2%) 0.00 445
2019-10-01 $199,900 (-4.8%) $221,071 (-20.4%) 0.00 421
2019-11-01 $195,450 (-3.8%) $215,927 (-20.9%) 0.00 375
2019-12-01 $189,500 (-5.2%) $212,889 (-21.6%) 0.00 301
2020-01-01 $186,475 (-6.5%) $211,363 (-22.7%) 0.00 251
2020-02-01 $187,500 (-6.1%) $209,064 (-23.3%) 0.00 252
2020-03-01 $195,000 (-4.5%) $219,448 (-13.3%) 0.00 273
2020-04-01 $199,925 (-4.8%) $220,819 (-2.0%) 0.00 288
2020-05-01 $209,900 (0.0%) $236,164 (4.1%) 0.00 297
2020-06-01 $212,450 (-1.0%) $242,017 (7.4%) 0.00 313
2020-07-01 $219,450 (3.9%) $248,972 (10.3%) 0.00 298
2020-08-01 $214,900 (3.7%) $248,462 (10.7%) 0.00 279
2020-09-01 $203,500 (0.2%) $244,976 (9.7%) 0.00 256
2020-10-01 $194,900 (-2.5%) $239,403 (8.3%) 0.00 226
2020-11-01 $194,900 (-0.3%) $233,197 (8.0%) 0.00 207
2020-12-01 $208,250 (9.9%) $234,126 (10.0%) 0.00 198
2021-01-01 $198,000 (6.2%) $229,251 (8.5%) 0.00 166
2021-02-01 $208,750 (11.3%) $232,088 (11.0%) 0.00 166
2021-03-01 $208,500 (6.9%) $231,471 (5.5%) 0.00 149
2021-04-01 $207,000 (3.5%) $242,006 (9.6%) 0.00 141
2021-05-01 $205,000 (-2.3%) $243,956 (3.3%) 0.00 167
2021-06-01 $210,000 (-1.2%) $251,327 (3.9%) 0.00 185
2021-07-01 $209,950 (-4.3%) $256,915 (3.2%) 0.00 208
2021-08-01 $215,225 (0.2%) $244,391 (-1.6%) 0.00 213
2021-09-01 $219,950 (8.1%) $245,479 (0.2%) 0.00 210
2021-10-01 $209,900 (7.7%) $245,050 (2.4%) 0.00 176
2021-11-01 $196,200 (0.7%) $223,339 (-4.2%) 0.00 167
2021-12-01 $204,925 (-1.6%) $220,787 (-5.7%) 0.00 144
2022-01-01 $193,700 (-2.2%) $205,717 (-10.3%) 0.00 121
2022-02-01 $184,975 (-11.4%) $206,641 (-11.0%) 0.00 102
2022-03-01 $199,975 (-4.1%) $219,690 (-5.1%) 0.00 99
2022-04-01 $210,000 (1.5%) $227,791 (-5.9%) 0.00 107
2022-05-01 $226,175 (10.3%) $252,150 (3.4%) 0.00 130
2022-06-01 $239,900 (14.2%) $269,275 (7.1%) 0.00 170
2022-07-01 $247,900 (18.1%) $272,055 (5.9%) 0.00 188
2022-08-01 $249,975 (16.2%) $279,274 (14.3%) 0.00 208
2022-09-01 $249,100 (13.3%) $280,845 (14.4%) 0.00 213
2022-10-01 $239,450 (14.1%) $274,037 (11.8%) 0.00 217
2022-11-01 $230,750 (17.6%) $263,305 (17.9%) 0.00 205
2022-12-01 $230,000 (12.2%) $260,837 (18.1%) 0.00 187
2023-01-01 $229,900 (18.7%) $254,741 (23.8%) 0.00 166
2023-02-01 $224,950 (21.6%) $262,062 (26.8%) 0.00 135
2023-03-01 $228,700 (14.4%) $282,315 (28.5%) 0.00 125
2023-04-01 $239,900 (14.2%) $297,455 (30.6%) 0.00 108
2023-05-01 $241,975 (7.0%) $305,924 (21.3%) 0.00 123
2023-06-01 $243,550 (1.5%) $304,045 (12.9%) 0.00 131
2023-07-01 $232,500 (-6.2%) $284,890 (4.7%) 0.00 140
2023-08-01 $237,450 (-5.0%) $287,877 (3.1%) 0.00 156
2023-09-01 $235,000 (-5.7%) $281,608 (0.3%) 0.00 180
2023-10-01 $226,950 (-5.2%) $281,254 (2.6%) 0.00 180
2023-11-01 $226,725 (-1.7%) $275,064 (4.5%) 0.00 180
2023-12-01 $227,000 (-1.3%) $275,499 (5.6%) 0.00 164
Minot's median listing price for 2023-12-01 was $227,000, a difference of $-3,000 (-1.3%) versus the prior year and $275 versus the prior month.

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

Minot's average listing price for 2023-12-01 was $275,499, a difference of $14,662 (5.6%) versus the prior year and $435 versus the prior month.

For the 2023-12-01 period, Minot had 164 MLS listings, a difference of -16 listings (-9%) versus the prior month and -23 listings (-12%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Minot (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,150 sqft
2018-02-01 0 days 2,154 sqft
2018-03-01 0 days 2,164 sqft
2018-04-01 0 days 2,173 sqft
2018-05-01 0 days 2,123 sqft
2018-06-01 0 days 2,182 sqft
2018-07-01 0 days 2,183 sqft
2018-08-01 0 days 2,184 sqft
2018-09-01 0 days 2,196 sqft
2018-10-01 0 days 2,157 sqft
2018-11-01 0 days 2,115 sqft
2018-12-01 0 days 2,079 sqft
2019-01-01 0 days 2,053 sqft
2019-02-01 0 days 2,043 sqft
2019-03-01 0 days 2,027 sqft
2019-04-01 0 days 2,027 sqft
2019-05-01 0 days 2,056 sqft
2019-06-01 0 days 2,080 sqft
2019-07-01 0 days 2,093 sqft
2019-08-01 0 days 2,088 sqft
2019-09-01 0 days 2,086 sqft
2019-10-01 0 days 2,084 sqft
2019-11-01 0 days 2,088 sqft
2019-12-01 0 days 2,046 sqft
2020-01-01 0 days 2,041 sqft
2020-02-01 0 days 2,024 sqft
2020-03-01 0 days 2,069 sqft
2020-04-01 0 days 2,080 sqft
2020-05-01 0 days 2,138 sqft
2020-06-01 0 days 2,150 sqft
2020-07-01 0 days 2,156 sqft
2020-08-01 0 days 2,138 sqft
2020-09-01 0 days 2,095 sqft
2020-10-01 0 days 2,097 sqft
2020-11-01 0 days 2,157 sqft
2020-12-01 0 days 2,183 sqft
2021-01-01 0 days 2,052 sqft
2021-02-01 0 days 2,087 sqft
2021-03-01 0 days 2,115 sqft
2021-04-01 0 days 2,115 sqft
2021-05-01 0 days 2,064 sqft
2021-06-01 0 days 2,116 sqft
2021-07-01 0 days 2,128 sqft
2021-08-01 0 days 2,112 sqft
2021-09-01 0 days 2,105 sqft
2021-10-01 0 days 2,004 sqft
2021-11-01 0 days 1,979 sqft
2021-12-01 0 days 1,979 sqft
2022-01-01 0 days 1,912 sqft
2022-02-01 0 days 1,835 sqft
2022-03-01 0 days 1,951 sqft
2022-04-01 0 days 1,989 sqft
2022-05-01 0 days 2,055 sqft
2022-06-01 0 days 2,026 sqft
2022-07-01 0 days 2,097 sqft
2022-08-01 0 days 2,127 sqft
2022-09-01 0 days 2,152 sqft
2022-10-01 0 days 2,184 sqft
2022-11-01 0 days 2,185 sqft
2022-12-01 0 days 2,178 sqft
2023-01-01 0 days 2,142 sqft
2023-02-01 0 days 2,100 sqft
2023-03-01 0 days 2,047 sqft
2023-04-01 0 days 2,162 sqft
2023-05-01 0 days 2,139 sqft
2023-06-01 0 days 2,197 sqft
2023-07-01 0 days 2,030 sqft
2023-08-01 0 days 2,093 sqft
2023-09-01 0 days 2,160 sqft
2023-10-01 0 days 2,125 sqft
2023-11-01 0 days 2,073 sqft
2023-12-01 0 days 2,035 sqft
Minot's median listing age (time on market) for 2023-12-01 was 0 days.

Minot's median square footage for active listings during the 2023-12-01 period was 2,035 sqft. One year prior, the average listing was 2,178 sqft.