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 6.44% for the week of 2025-03-07, compared to the national average (all USDA variants) of 6.375% for the same period.

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

    The average rate for the prior week (2025-02-28) was 6.3% and one month ago for the week of 2025-01-31, the average rate was 6.84%.

    The average rate one year ago was 6.56%.

    For refis of the same type during the week of 2025-03-07, the average rate was 6.64%.

    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 $183,750 (4.4%) $225,013 (-0.6%) 0.68 922
    2018-02-01 $179,975 (0.6%) $220,036 (-3.4%) 0.65 983
    2018-03-01 $184,500 (5.4%) $220,505 (-1.6%) 0.65 999
    2018-04-01 $184,925 (1.5%) $220,383 (-3.4%) 0.63 1,069
    2018-05-01 $187,500 (1.4%) $222,840 (-2.3%) 0.63 1,112
    2018-06-01 $189,900 (-2.1%) $228,480 (-1.1%) 0.63 1,094
    2018-07-01 $190,000 (0.9%) $237,645 (3.4%) 0.63 1,148
    2018-08-01 $189,500 (4.6%) $242,503 (6.3%) 0.63 1,169
    2018-09-01 $189,500 (2.5%) $242,745 (5.6%) 0.64 1,160
    2018-10-01 $185,000 (-0.5%) $239,486 (4.1%) 0.63 1,149
    2018-11-01 $184,950 (-1.7%) $237,818 (3.5%) 0.63 1,123
    2018-12-01 $179,900 (-4.8%) $234,504 (3.4%) 0.62 1,058
    2019-01-01 $184,950 (0.7%) $224,934 (0.0%) 0.64 1,010
    2019-02-01 $185,000 (2.8%) $224,579 (2.1%) 0.63 1,069
    2019-03-01 $189,071 (2.5%) $227,699 (3.3%) 0.62 1,122
    2019-04-01 $194,750 (5.3%) $231,180 (4.9%) 0.62 1,175
    2019-05-01 $189,900 (1.3%) $228,311 (2.5%) 0.59 1,195
    2019-06-01 $189,900 (0.0%) $228,786 (0.1%) 0.59 1,175
    2019-07-01 $194,500 (2.4%) $230,487 (-3.0%) 0.61 1,194
    2019-08-01 $191,909 (1.3%) $230,098 (-5.1%) 0.61 1,172
    2019-09-01 $188,023 (-0.8%) $229,149 (-5.6%) 0.60 1,151
    2019-10-01 $188,932 (2.1%) $232,843 (-2.8%) 0.61 1,095
    2019-11-01 $195,000 (5.4%) $237,712 (0.0%) 0.64 1,029
    2019-12-01 $199,900 (11.1%) $238,908 (1.9%) 0.67 970
    2020-01-01 $202,750 (9.6%) $241,592 (7.4%) 0.68 746
    2020-02-01 $199,000 (7.6%) $233,905 (4.2%) 0.65 740
    2020-03-01 $198,875 (5.2%) $234,603 (3.0%) 0.62 707
    2020-04-01 $195,250 (0.3%) $233,133 (0.8%) 0.61 675
    2020-05-01 $199,900 (5.3%) $239,199 (4.8%) 0.61 618
    2020-06-01 $206,475 (8.7%) $246,841 (7.9%) 0.61 603
    2020-07-01 $212,450 (9.2%) $250,380 (8.6%) 0.62 571
    2020-08-01 $214,900 (12.0%) $265,164 (15.2%) 0.62 555
    2020-09-01 $210,000 (11.7%) $265,515 (15.9%) 0.60 521
    2020-10-01 $218,000 (15.4%) $272,711 (17.1%) 0.62 486
    2020-11-01 $215,000 (10.3%) $269,591 (13.4%) 0.63 449
    2020-12-01 $216,500 (8.3%) $268,273 (12.3%) 0.64 407
    2021-01-01 $207,000 (2.1%) $267,112 (10.6%) 0.62 379
    2021-02-01 $203,950 (2.5%) $269,696 (15.3%) 0.59 353
    2021-03-01 $210,000 (5.6%) $274,547 (17.0%) 0.60 312
    2021-04-01 $225,950 (15.7%) $274,249 (17.6%) 0.61 282
    2021-05-01 $225,000 (12.6%) $275,171 (15.0%) 0.60 258
    2021-06-01 $229,800 (11.3%) $283,320 (14.8%) 0.60 270
    2021-07-01 $236,450 (11.3%) $293,439 (17.2%) 0.62 279
    2021-08-01 $235,000 (9.4%) $299,858 (13.1%) 0.63 292
    2021-09-01 $238,500 (13.6%) $306,135 (15.3%) 0.64 273
    2021-10-01 $229,000 (5.1%) $290,044 (6.4%) 0.61 229
    2021-11-01 $221,600 (3.1%) $306,237 (13.6%) 0.59 217
    2021-12-01 $232,250 (7.3%) $311,186 (16.0%) 0.63 214
    2022-01-01 $240,623 (16.2%) $301,967 (13.1%) 0.65 200
    2022-02-01 $258,675 (26.8%) $310,751 (15.2%) 0.67 188
    2022-03-01 $250,275 (19.2%) $297,395 (8.3%) 0.63 189
    2022-04-01 $259,900 (15.0%) $308,319 (12.4%) 0.62 182
    2022-05-01 $249,925 (11.1%) $294,983 (7.2%) 0.57 191
    2022-06-01 $247,613 (7.8%) $291,107 (2.8%) 0.55 227
    2022-07-01 $250,000 (5.7%) $301,483 (2.7%) 0.56 248
    2022-08-01 $250,000 (6.4%) $319,150 (6.4%) 0.58 281
    2022-09-01 $252,500 (5.9%) $322,011 (5.2%) 0.59 287
    2022-10-01 $242,450 (5.9%) $332,339 (14.6%) 0.57 286
    2022-11-01 $238,563 (7.7%) $313,782 (2.5%) 0.57 318
    2022-12-01 $234,700 (1.1%) $331,198 (6.4%) 0.58 321
    2023-01-01 $234,950 (-2.4%) $325,437 (7.8%) 0.58 290
    2023-02-01 $238,544 (-7.8%) $338,432 (8.9%) 0.58 285
    2023-03-01 $236,638 (-5.5%) $328,723 (10.5%) 0.56 298
    2023-04-01 $235,000 (-9.6%) $298,377 (-3.2%) 0.55 285
    2023-05-01 $235,000 (-6.0%) $295,570 (0.2%) 0.53 311
    2023-06-01 $237,450 (-4.1%) $300,631 (3.3%) 0.53 320
    2023-07-01 $250,000 (0.0%) $309,966 (2.8%) 0.57 338
    2023-08-01 $249,000 (-0.4%) $326,455 (2.3%) 0.57 361
    2023-09-01 $240,000 (-5.0%) $322,918 (0.3%) 0.56 372
    2023-10-01 $239,988 (-1.0%) $317,320 (-4.5%) 0.56 365
    2023-11-01 $239,500 (0.4%) $318,040 (1.4%) 0.57 387
    2023-12-01 $239,900 (2.2%) $316,827 (-4.3%) 0.59 389
    2024-01-01 $234,700 (-0.1%) $312,064 (-4.1%) 0.57 377
    2024-02-01 $238,375 (-0.1%) $289,252 (-14.5%) 0.57 373
    2024-03-01 $250,000 (5.7%) $313,162 (-4.7%) 0.59 383
    2024-04-01 $255,850 (8.9%) $322,942 (8.2%) 0.60 405
    2024-05-01 $262,698 (11.8%) $348,837 (18.0%) 0.60 404
    2024-06-01 $258,900 (9.0%) $348,198 (15.8%) 0.59 422
    2024-07-01 $269,500 (7.8%) $345,488 (11.5%) 0.62 426
    2024-08-01 $259,000 (4.0%) $312,764 (-4.2%) 0.60 462
    2024-09-01 $249,450 (3.9%) $301,990 (-6.5%) 0.59 467
    2024-10-01 $239,225 (-0.3%) $294,063 (-7.3%) 0.56 489
    2024-11-01 $230,000 (-4.0%) $297,732 (-6.4%) 0.55 513
    2024-12-01 $230,000 (-4.1%) $297,094 (-6.2%) 0.57 495
    2025-01-01 $235,000 (0.1%) $296,574 (-5.0%) 0.59 460
    2025-02-01 $239,000 (0.3%) $310,613 (7.4%) 0.00 453
    Monroe's median listing price for 2025-02-01 was $239,000, a difference of $625 (0.3%) versus the prior year and $4,000 versus the prior month.

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

    Monroe's average listing price for 2025-02-01 was $310,613, a difference of $21,361 (7.4%) versus the prior year and $14,039 versus the prior month.

    For the 2025-02-01 period, Monroe had 453 MLS listings, a difference of -7 listings (-2%) versus the prior month and 80 listings (21%) 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 1,966 sqft
    2018-02-01 97 days 1,941 sqft
    2018-03-01 92 days 1,947 sqft
    2018-04-01 80 days 1,955 sqft
    2018-05-01 75 days 1,957 sqft
    2018-06-01 73 days 1,978 sqft
    2018-07-01 73 days 1,977 sqft
    2018-08-01 73 days 1,943 sqft
    2018-09-01 80 days 1,940 sqft
    2018-10-01 86 days 1,908 sqft
    2018-11-01 92 days 1,913 sqft
    2018-12-01 101 days 1,918 sqft
    2019-01-01 115 days 1,923 sqft
    2019-02-01 109 days 1,933 sqft
    2019-03-01 94 days 1,943 sqft
    2019-04-01 77 days 1,949 sqft
    2019-05-01 78 days 1,943 sqft
    2019-06-01 81 days 1,969 sqft
    2019-07-01 84 days 1,961 sqft
    2019-08-01 88 days 1,951 sqft
    2019-09-01 92 days 1,938 sqft
    2019-10-01 94 days 1,952 sqft
    2019-11-01 100 days 1,978 sqft
    2019-12-01 108 days 1,978 sqft
    2020-01-01 115 days 1,981 sqft
    2020-02-01 118 days 1,921 sqft
    2020-03-01 104 days 1,938 sqft
    2020-04-01 95 days 1,941 sqft
    2020-05-01 92 days 2,000 sqft
    2020-06-01 84 days 2,003 sqft
    2020-07-01 65 days 2,006 sqft
    2020-08-01 66 days 2,010 sqft
    2020-09-01 75 days 2,030 sqft
    2020-10-01 79 days 2,094 sqft
    2020-11-01 88 days 2,072 sqft
    2020-12-01 88 days 2,064 sqft
    2021-01-01 86 days 2,050 sqft
    2021-02-01 80 days 2,057 sqft
    2021-03-01 72 days 2,049 sqft
    2021-04-01 73 days 2,084 sqft
    2021-05-01 52 days 2,048 sqft
    2021-06-01 46 days 2,070 sqft
    2021-07-01 46 days 2,025 sqft
    2021-08-01 45 days 2,060 sqft
    2021-09-01 52 days 2,012 sqft
    2021-10-01 66 days 2,016 sqft
    2021-11-01 54 days 1,977 sqft
    2021-12-01 58 days 1,976 sqft
    2022-01-01 58 days 2,000 sqft
    2022-02-01 49 days 2,053 sqft
    2022-03-01 51 days 2,086 sqft
    2022-04-01 45 days 2,064 sqft
    2022-05-01 35 days 2,021 sqft
    2022-06-01 32 days 2,027 sqft
    2022-07-01 40 days 2,090 sqft
    2022-08-01 53 days 2,112 sqft
    2022-09-01 59 days 2,103 sqft
    2022-10-01 58 days 2,104 sqft
    2022-11-01 52 days 2,041 sqft
    2022-12-01 60 days 1,953 sqft
    2023-01-01 81 days 1,949 sqft
    2023-02-01 84 days 1,964 sqft
    2023-03-01 63 days 2,009 sqft
    2023-04-01 60 days 1,987 sqft
    2023-05-01 55 days 1,966 sqft
    2023-06-01 60 days 1,970 sqft
    2023-07-01 67 days 2,046 sqft
    2023-08-01 61 days 1,996 sqft
    2023-09-01 65 days 2,006 sqft
    2023-10-01 68 days 2,008 sqft
    2023-11-01 72 days 2,019 sqft
    2023-12-01 77 days 1,981 sqft
    2024-01-01 90 days 1,956 sqft
    2024-02-01 86 days 1,983 sqft
    2024-03-01 66 days 2,009 sqft
    2024-04-01 57 days 2,079 sqft
    2024-05-01 58 days 2,093 sqft
    2024-06-01 64 days 2,016 sqft
    2024-07-01 67 days 2,008 sqft
    2024-08-01 64 days 1,972 sqft
    2024-09-01 63 days 1,919 sqft
    2024-10-01 68 days 1,890 sqft
    2024-11-01 77 days 1,863 sqft
    2024-12-01 84 days 1,818 sqft
    2025-01-01 100 days 1,848 sqft
    2025-02-01 0 days 1,868 sqft
    Monroe's median listing age (time on market) for 2025-02-01 was 0 days. This is -100% shorter than the same period one year ago.

    Monroe's median square footage for active listings during the 2025-02-01 period was 1,868 sqft. One year prior, the average listing was 1,983 sqft.