Monroe USDA Loan Rates, Closing Costs & Stats

MONROE, LA

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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.

    Monroe's 25 lenders originated 100 USDA loans during 2023. The total origination value was $17,980,000, with an average USDA loan value of $179,800.

    Monroe USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Monroe averaged 6.73% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Monroe's average USDA mortgage closing costs are $4,961.

    The average rate for the prior week (2024-04-12) was 6.58% and one month ago for the week of 2024-03-15, the average rate was 6.47%.

    The average rate one year ago was 6.31%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.72%.

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

    Monroe 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 Monroe level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Eagle Bank and Trust Company 18 6.65% $6,204
    Origin Bank 16 6.49% $5,507
    Assurance Financial Group, L.L.C. 15 6.60% $7,378
    Regions Bank 5 5.55% $5,391
    GMFS LLC 5 6.40% $4,613
    MOVEMENT MORTGAGE, LLC 4 6.88% $6,566
    UNITED WHOLESALE MORTGAGE, LLC 4 5.90% $7,521
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.75% $5,947
    EUSTIS AND AMERICAN MORTGAGE COMPANY 3 6.58% $7,893
    ACADEMY MORTGAGE CORPORATION 2 6.81% $6,292
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.44% $6,145
    Century Next Bank 2 6.00% $6,120
    NEWREZ LLC 2 6.75% $6,390
    PLANET HOME LENDING, LLC 2 6.69% $4,753
    Gateway First Bank 1 5.75% $4,811
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.13% $5,396
    EVERETT FINANCIAL, INC. 1 7.47% $6,901
    Equity Prime Mortgage LLC 1 6.75% $11,535
    UNION HOME MORTGAGE CORP. 1 7.25% $9,109
    DSLD MORTGAGE, LLC 1 6.13% $3,956
    PIERREMONT MORTGAGE, INC. 1 6.25% $2,860
    Citizens Bank 1 6.63% $5,951
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $10,207
    FIDELITY BANK 1 7.13% $8,183
    First Horizon Bank 1 6.25% $5,549

    The top Monroe USDA lender as defined by loan originations is Eagle Bank and Trust Company, with 18 USDA loans originated. Their average total fees are $6,204, which is $697 higher than the next largest lender, Origin Bank.

    The lowest fee Monroe USDA lenders (with over 10 loans originated) are Origin Bank ($5,507), Eagle Bank and Trust Company ($6,204), Assurance Financial Group, L.L.C. ($7,378), .

    The lowest rate Monroe USDA lenders (with over 10 loans originated) are Origin Bank (6.49%), Assurance Financial Group, L.L.C. (6.60%), Eagle Bank and Trust Company (6.65%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Monroe (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 $187,500 (2.8%) $228,320 (-0.8%) 0.70 881
    2018-02-01 $185,000 (2.8%) $223,473 (-3.3%) 0.67 937
    2018-03-01 $185,900 (3.4%) $223,521 (-1.9%) 0.65 951
    2018-04-01 $185,475 (0.3%) $223,703 (-3.2%) 0.63 1,015
    2018-05-01 $190,000 (0.5%) $226,054 (-2.3%) 0.63 1,060
    2018-06-01 $193,500 (-0.8%) $231,702 (-0.7%) 0.65 1,046
    2018-07-01 $198,000 (3.3%) $235,190 (1.1%) 0.66 1,099
    2018-08-01 $192,500 (2.8%) $233,286 (0.6%) 0.64 1,118
    2018-09-01 $191,500 (1.5%) $233,005 (0.1%) 0.64 1,107
    2018-10-01 $187,875 (-0.3%) $229,028 (-1.4%) 0.64 1,098
    2018-11-01 $185,000 (-2.8%) $226,731 (-2.7%) 0.63 1,068
    2018-12-01 $184,900 (-5.2%) $224,592 (-2.4%) 0.64 999
    2019-01-01 $186,125 (-0.7%) $227,845 (-0.2%) 0.64 957
    2019-02-01 $187,250 (1.2%) $227,088 (1.6%) 0.63 1,010
    2019-03-01 $190,714 (2.6%) $229,648 (2.7%) 0.62 1,068
    2019-04-01 $196,750 (6.1%) $232,914 (4.1%) 0.62 1,124
    2019-05-01 $195,000 (2.6%) $230,386 (1.9%) 0.61 1,137
    2019-06-01 $194,950 (0.8%) $231,020 (-0.3%) 0.61 1,120
    2019-07-01 $196,100 (-1.0%) $232,987 (-0.9%) 0.61 1,135
    2019-08-01 $195,032 (1.3%) $231,934 (-0.6%) 0.62 1,110
    2019-09-01 $191,780 (0.2%) $230,085 (-1.3%) 0.61 1,090
    2019-10-01 $192,486 (2.5%) $232,607 (1.6%) 0.62 1,041
    2019-11-01 $199,250 (7.7%) $236,941 (4.5%) 0.65 988
    2019-12-01 $199,900 (8.1%) $237,368 (5.7%) 0.67 932
    2020-01-01 $207,750 (11.6%) $239,627 (5.2%) 0.69 714
    2020-02-01 $199,900 (6.8%) $231,669 (2.0%) 0.65 706
    2020-03-01 $199,900 (4.8%) $230,519 (0.4%) 0.63 670
    2020-04-01 $199,450 (1.4%) $229,181 (-1.6%) 0.62 637
    2020-05-01 $209,000 (7.2%) $236,523 (2.7%) 0.64 577
    2020-06-01 $209,998 (7.7%) $243,949 (5.6%) 0.62 566
    2020-07-01 $215,000 (9.6%) $247,460 (6.2%) 0.62 536
    2020-08-01 $219,000 (12.3%) $263,520 (13.6%) 0.63 521
    2020-09-01 $214,925 (12.1%) $264,025 (14.8%) 0.62 489
    2020-10-01 $219,900 (14.2%) $267,446 (15.0%) 0.63 454
    2020-11-01 $218,864 (9.8%) $264,481 (11.6%) 0.64 419
    2020-12-01 $219,675 (9.9%) $263,476 (11.0%) 0.65 382
    2021-01-01 $210,000 (1.1%) $262,871 (9.7%) 0.63 348
    2021-02-01 $207,500 (3.8%) $265,241 (14.5%) 0.60 326
    2021-03-01 $219,900 (10.0%) $270,142 (17.2%) 0.62 285
    2021-04-01 $230,700 (15.7%) $267,328 (16.7%) 0.62 258
    2021-05-01 $229,000 (9.6%) $266,419 (12.6%) 0.61 235
    2021-06-01 $231,700 (10.3%) $279,402 (14.5%) 0.61 247
    2021-07-01 $239,900 (11.6%) $298,300 (20.5%) 0.63 262
    2021-08-01 $240,500 (9.8%) $303,470 (15.2%) 0.64 274
    2021-09-01 $239,375 (11.4%) $308,450 (16.8%) 0.64 257
    2021-10-01 $229,000 (4.1%) $290,209 (8.5%) 0.61 217
    2021-11-01 $221,600 (1.3%) $306,736 (16.0%) 0.59 206
    2021-12-01 $231,750 (5.5%) $312,309 (18.5%) 0.63 203
    2022-01-01 $246,500 (17.4%) $306,023 (16.4%) 0.67 187
    2022-02-01 $260,723 (25.7%) $315,793 (19.1%) 0.68 175
    2022-03-01 $254,975 (16.0%) $300,594 (11.3%) 0.64 176
    2022-04-01 $260,000 (12.7%) $310,949 (16.3%) 0.62 169
    2022-05-01 $249,950 (9.2%) $294,123 (10.4%) 0.57 181
    2022-06-01 $247,000 (6.6%) $289,553 (3.6%) 0.55 216
    2022-07-01 $250,000 (4.2%) $300,403 (0.7%) 0.56 235
    2022-08-01 $253,225 (5.3%) $321,084 (5.8%) 0.59 257
    2022-09-01 $253,725 (6.0%) $322,550 (4.6%) 0.59 263
    2022-10-01 $245,000 (7.0%) $337,213 (16.2%) 0.58 258
    2022-11-01 $239,450 (8.1%) $322,927 (5.3%) 0.58 284
    2022-12-01 $238,450 (2.9%) $310,828 (-0.5%) 0.59 287
    2023-01-01 $238,500 (-3.3%) $299,300 (-2.2%) 0.59 257
    2023-02-01 $243,500 (-6.6%) $312,148 (-1.2%) 0.59 254
    2023-03-01 $241,250 (-5.4%) $311,463 (3.6%) 0.57 272
    2023-04-01 $240,000 (-7.7%) $303,732 (-2.3%) 0.56 263
    2023-05-01 $243,720 (-2.5%) $304,524 (3.5%) 0.55 287
    2023-06-01 $246,575 (-0.2%) $309,551 (6.9%) 0.55 296
    2023-07-01 $259,000 (3.6%) $319,101 (6.2%) 0.59 314
    2023-08-01 $251,290 (-0.8%) $316,131 (-1.5%) 0.58 334
    2023-09-01 $250,000 (-1.5%) $312,911 (-3.0%) 0.58 336
    2023-10-01 $249,500 (1.8%) $307,231 (-8.9%) 0.59 334
    2023-11-01 $244,000 (1.9%) $304,974 (-5.6%) 0.58 362
    2023-12-01 $240,000 (0.7%) $303,713 (-2.3%) 0.59 365
    2024-01-01 $236,500 (-0.8%) $297,523 (-0.6%) 0.58 350
    2024-02-01 $239,925 (-1.5%) $291,893 (-6.5%) 0.58 349
    2024-03-01 $250,000 (3.6%) $299,160 (-4.0%) 0.59 360
    Monroe's median listing price for 2024-03-01 was $250,000, a difference of $8,750 (3.6%) versus the prior year and $10,075 versus the prior month.

    Monroe's median listing price comes in at 59% of the national average.

    Monroe's average listing price for 2024-03-01 was $299,160, a difference of $-12,303 (-4.0%) versus the prior year and $7,267 versus the prior month.

    For the 2024-03-01 period, Monroe had 360 MLS listings, a difference of 11 listings (3%) versus the prior month and 88 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Monroe (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 100 days 1,976 sqft
    2018-02-01 98 days 1,943 sqft
    2018-03-01 93 days 1,950 sqft
    2018-04-01 80 days 1,962 sqft
    2018-05-01 74 days 1,961 sqft
    2018-06-01 72 days 1,983 sqft
    2018-07-01 72 days 1,985 sqft
    2018-08-01 73 days 1,947 sqft
    2018-09-01 80 days 1,939 sqft
    2018-10-01 86 days 1,906 sqft
    2018-11-01 92 days 1,909 sqft
    2018-12-01 102 days 1,914 sqft
    2019-01-01 116 days 1,923 sqft
    2019-02-01 109 days 1,926 sqft
    2019-03-01 93 days 1,937 sqft
    2019-04-01 77 days 1,950 sqft
    2019-05-01 78 days 1,943 sqft
    2019-06-01 81 days 1,970 sqft
    2019-07-01 84 days 1,960 sqft
    2019-08-01 89 days 1,951 sqft
    2019-09-01 93 days 1,939 sqft
    2019-10-01 94 days 1,954 sqft
    2019-11-01 99 days 1,978 sqft
    2019-12-01 107 days 1,981 sqft
    2020-01-01 115 days 1,990 sqft
    2020-02-01 120 days 1,922 sqft
    2020-03-01 106 days 1,936 sqft
    2020-04-01 96 days 1,941 sqft
    2020-05-01 91 days 2,012 sqft
    2020-06-01 83 days 2,005 sqft
    2020-07-01 63 days 2,006 sqft
    2020-08-01 65 days 2,010 sqft
    2020-09-01 74 days 2,026 sqft
    2020-10-01 79 days 2,082 sqft
    2020-11-01 90 days 2,060 sqft
    2020-12-01 88 days 2,049 sqft
    2021-01-01 86 days 2,050 sqft
    2021-02-01 79 days 2,068 sqft
    2021-03-01 71 days 2,074 sqft
    2021-04-01 69 days 2,090 sqft
    2021-05-01 50 days 2,052 sqft
    2021-06-01 44 days 2,081 sqft
    2021-07-01 44 days 2,044 sqft
    2021-08-01 43 days 2,075 sqft
    2021-09-01 50 days 2,019 sqft
    2021-10-01 66 days 2,009 sqft
    2021-11-01 58 days 1,937 sqft
    2021-12-01 58 days 1,953 sqft
    2022-01-01 60 days 1,971 sqft
    2022-02-01 48 days 2,064 sqft
    2022-03-01 50 days 2,076 sqft
    2022-04-01 44 days 2,064 sqft
    2022-05-01 32 days 2,010 sqft
    2022-06-01 31 days 2,027 sqft
    2022-07-01 40 days 2,096 sqft
    2022-08-01 52 days 2,114 sqft
    2022-09-01 59 days 2,103 sqft
    2022-10-01 54 days 2,114 sqft
    2022-11-01 52 days 2,051 sqft
    2022-12-01 60 days 1,951 sqft
    2023-01-01 82 days 1,930 sqft
    2023-02-01 83 days 1,966 sqft
    2023-03-01 60 days 2,010 sqft
    2023-04-01 60 days 2,000 sqft
    2023-05-01 53 days 1,984 sqft
    2023-06-01 57 days 2,001 sqft
    2023-07-01 64 days 2,073 sqft
    2023-08-01 61 days 2,015 sqft
    2023-09-01 65 days 2,017 sqft
    2023-10-01 67 days 2,020 sqft
    2023-11-01 71 days 2,020 sqft
    2023-12-01 75 days 1,981 sqft
    2024-01-01 90 days 1,950 sqft
    2024-02-01 87 days 1,981 sqft
    2024-03-01 66 days 1,985 sqft
    Monroe's median listing age (time on market) for 2024-03-01 was 66 days. This is 9% longer than the same period one year ago.

    Monroe's median square footage for active listings during the 2024-03-01 period was 1,985 sqft. One year prior, the average listing was 2,010 sqft.