Monroe USDA Loan Rates, Closing Costs & Stats

MONROE, LA

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.