Mount Pleasant USDA Loan Rates, Closing Costs & Stats

Mount Pleasant, 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.

    Mount Pleasant's 9 lenders originated 9 USDA loans during 2024. The total origination value was $1,505,000, with an average USDA loan value of $167,222.

    Mount Pleasant USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Mount Pleasant averaged 6.73% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

    Mount Pleasant's average USDA mortgage closing costs are $4,655.

    The average rate for the prior week (2025-05-16) was 7.16% and one month ago for the week of 2025-04-18, the average rate was 6.85%.

    The average rate one year ago was 7.02%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.53%.

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

    Mount Pleasant 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 Mount Pleasant level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $7,016
    BLG HOLDINGS, INC. 1 6.49% $6,380
    CROSSCOUNTRY MORTGAGE, LLC 1 5.25% $11,262
    DAS Acquisition Company, LLC 1 6.49% $8,700
    GVC MORTGAGE, INC. 1 6.63% $12,227
    Preston Home Loans Inc 1 7.25% $5,445
    STOCKTON MORTGAGE CORPORATION 1 6.38% $7,164
    The Dart Bank 1 6.63% $5,371
    TOWNE MORTGAGE COMPANY 1 5.49% $3,806

    The top Mount Pleasant USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with 1 USDA loans originated. Their average total fees are $7,016, which is $636 higher than the next largest lender, BLG HOLDINGS, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mount Pleasant (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 $144,950 (5.4%) $176,471 (7.5%) 0.00 272
    2018-02-01 $143,700 (1.1%) $175,689 (5.5%) 0.00 264
    2018-03-01 $149,000 (2.8%) $178,876 (6.9%) 0.00 272
    2018-04-01 $149,900 (0.0%) $185,458 (7.3%) 0.00 283
    2018-05-01 $152,425 (4.5%) $187,386 (7.1%) 0.00 292
    2018-06-01 $149,900 (3.1%) $182,197 (3.5%) 0.00 324
    2018-07-01 $150,000 (0.1%) $182,794 (3.5%) 0.00 340
    2018-08-01 $149,900 (0.1%) $180,797 (0.9%) 0.00 336
    2018-09-01 $149,900 (0.0%) $183,197 (3.3%) 0.00 342
    2018-10-01 $150,000 (3.5%) $185,142 (5.9%) 0.00 326
    2018-11-01 $150,500 (8.7%) $184,861 (6.8%) 0.00 320
    2018-12-01 $150,000 (3.5%) $184,805 (5.3%) 0.00 303
    2019-01-01 $154,900 (6.9%) $187,589 (6.3%) 0.00 262
    2019-02-01 $149,950 (4.4%) $186,303 (6.0%) 0.00 259
    2019-03-01 $152,086 (2.1%) $186,264 (4.1%) 0.00 271
    2019-04-01 $157,450 (5.0%) $191,908 (3.5%) 0.00 276
    2019-05-01 $163,100 (7.0%) $196,844 (5.1%) 0.00 278
    2019-06-01 $159,000 (6.1%) $192,495 (5.7%) 0.00 301
    2019-07-01 $158,200 (5.5%) $188,863 (3.3%) 0.00 322
    2019-08-01 $161,363 (7.7%) $189,433 (4.8%) 0.00 305
    2019-09-01 $163,409 (9.0%) $189,492 (3.4%) 0.00 281
    2019-10-01 $167,125 (11.4%) $190,079 (2.7%) 0.00 241
    2019-11-01 $169,900 (12.9%) $202,707 (9.7%) 0.00 190
    2019-12-01 $169,900 (13.3%) $206,830 (11.9%) 0.00 173
    2020-01-01 $169,900 (9.7%) $205,794 (9.7%) 0.00 165
    2020-02-01 $174,900 (16.6%) $205,533 (10.3%) 0.00 155
    2020-03-01 $181,225 (19.2%) $205,681 (10.4%) 0.00 161
    2020-04-01 $182,175 (15.7%) $213,434 (11.2%) 0.00 143
    2020-05-01 $168,175 (3.1%) $203,225 (3.2%) 0.00 150
    2020-06-01 $179,975 (13.2%) $211,813 (10.0%) 0.00 160
    2020-07-01 $182,500 (15.4%) $214,638 (13.7%) 0.00 162
    2020-08-01 $179,500 (11.2%) $223,430 (18.0%) 0.00 148
    2020-09-01 $187,175 (14.5%) $233,534 (23.2%) 0.00 137
    2020-10-01 $194,900 (16.6%) $234,824 (23.5%) 0.00 131
    2020-11-01 $185,000 (8.9%) $231,038 (14.0%) 0.00 132
    2020-12-01 $169,950 (0.0%) $223,377 (8.0%) 0.00 129
    2021-01-01 $159,900 (-5.9%) $216,483 (5.2%) 0.00 97
    2021-02-01 $163,675 (-6.4%) $231,378 (12.6%) 0.00 74
    2021-03-01 $164,925 (-9.0%) $236,707 (15.1%) 0.00 74
    2021-04-01 $212,375 (16.6%) $271,221 (27.1%) 0.00 65
    2021-05-01 $200,000 (18.9%) $254,037 (25.0%) 0.00 70
    2021-06-01 $182,200 (1.2%) $227,470 (7.4%) 0.00 88
    2021-07-01 $185,000 (1.4%) $236,134 (10.0%) 0.00 111
    2021-08-01 $187,375 (4.4%) $220,721 (-1.2%) 0.00 123
    2021-09-01 $182,500 (-2.5%) $216,401 (-7.3%) 0.00 128
    2021-10-01 $179,950 (-7.7%) $211,115 (-10.1%) 0.00 126
    2021-11-01 $179,400 (-3.0%) $217,132 (-6.0%) 0.00 109
    2021-12-01 $179,950 (5.9%) $218,330 (-2.3%) 0.00 92
    2022-01-01 $179,950 (12.5%) $228,061 (5.4%) 0.00 80
    2022-02-01 $179,900 (9.9%) $227,287 (-1.8%) 0.00 63
    2022-03-01 $179,900 (9.1%) $227,673 (-3.8%) 0.00 50
    2022-04-01 $184,700 (-13.0%) $235,886 (-13.0%) 0.00 55
    2022-05-01 $178,650 (-10.7%) $225,238 (-11.3%) 0.00 70
    2022-06-01 $184,925 (1.5%) $234,172 (3.0%) 0.00 89
    2022-07-01 $217,400 (17.5%) $242,690 (2.8%) 0.00 96
    2022-08-01 $204,250 (9.0%) $250,130 (13.3%) 0.00 121
    2022-09-01 $207,250 (13.6%) $249,433 (15.3%) 0.00 127
    2022-10-01 $188,450 (4.7%) $249,953 (18.4%) 0.00 121
    2022-11-01 $197,250 (10.0%) $259,033 (19.3%) 0.00 106
    2022-12-01 $224,900 (25.0%) $271,777 (24.5%) 0.00 91
    2023-01-01 $224,700 (24.9%) $263,888 (15.7%) 0.00 79
    2023-02-01 $226,350 (25.8%) $276,013 (21.4%) 0.00 76
    2023-03-01 $226,975 (26.2%) $271,149 (19.1%) 0.00 66
    2023-04-01 $231,350 (25.3%) $279,632 (18.6%) 0.00 74
    2023-05-01 $227,489 (27.3%) $286,732 (27.3%) 0.00 71
    2023-06-01 $249,450 (34.9%) $310,628 (32.7%) 0.00 75
    2023-07-01 $250,000 (15.0%) $309,377 (27.5%) 0.00 75
    2023-08-01 $254,500 (24.6%) $301,204 (20.4%) 0.00 79
    2023-09-01 $249,000 (20.1%) $298,632 (19.7%) 0.00 80
    2023-10-01 $228,475 (21.2%) $286,941 (14.8%) 0.00 89
    2023-11-01 $223,450 (13.3%) $278,107 (7.4%) 0.00 90
    2023-12-01 $217,450 (-3.3%) $280,089 (3.1%) 0.00 75
    2024-01-01 $229,750 (2.3%) $294,625 (11.7%) 0.00 70
    2024-02-01 $249,000 (10.0%) $311,525 (12.9%) 0.00 57
    2024-03-01 $225,000 (-0.9%) $288,368 (6.4%) 0.00 72
    2024-04-01 $249,000 (7.6%) $304,649 (9.0%) 0.00 78
    2024-05-01 $243,975 (7.3%) $304,097 (6.1%) 0.00 87
    2024-06-01 $249,900 (0.2%) $307,111 (-1.1%) 0.00 103
    2024-07-01 $248,450 (-0.6%) $293,584 (-5.1%) 0.00 109
    2024-08-01 $227,450 (-10.6%) $271,915 (-9.7%) 0.00 115
    2024-09-01 $225,000 (-9.6%) $264,582 (-11.4%) 0.00 126
    2024-10-01 $229,250 (0.3%) $273,370 (-4.7%) 0.00 124
    2024-11-01 $242,950 (8.7%) $278,043 (0.0%) 0.00 124
    2024-12-01 $241,150 (10.9%) $271,962 (-2.9%) 0.00 104
    2025-01-01 $240,925 (4.9%) $270,935 (-8.0%) 0.00 98
    2025-02-01 $232,450 (-6.7%) $256,313 (-17.7%) 0.00 92
    2025-03-01 $244,900 (8.8%) $273,678 (-5.1%) 0.00 79
    2025-04-01 $254,900 (2.4%) $288,491 (-5.3%) 0.00 87
    Mount Pleasant's median listing price for 2025-04-01 was $254,900, a difference of $5,900 (2.4%) versus the prior year and $10,000 versus the prior month.

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

    Mount Pleasant's average listing price for 2025-04-01 was $288,491, a difference of $-16,158 (-5.3%) versus the prior year and $14,813 versus the prior month.

    For the 2025-04-01 period, Mount Pleasant had 87 MLS listings, a difference of 8 listings (10%) versus the prior month and 9 listings (12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mount Pleasant (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,763 sqft
    2018-02-01 0 days 1,769 sqft
    2018-03-01 0 days 1,774 sqft
    2018-04-01 0 days 1,850 sqft
    2018-05-01 0 days 1,850 sqft
    2018-06-01 0 days 1,794 sqft
    2018-07-01 0 days 1,806 sqft
    2018-08-01 0 days 1,818 sqft
    2018-09-01 0 days 1,740 sqft
    2018-10-01 0 days 1,774 sqft
    2018-11-01 0 days 1,771 sqft
    2018-12-01 0 days 1,740 sqft
    2019-01-01 0 days 1,739 sqft
    2019-02-01 0 days 1,703 sqft
    2019-03-01 0 days 1,721 sqft
    2019-04-01 0 days 1,759 sqft
    2019-05-01 0 days 1,771 sqft
    2019-06-01 0 days 1,731 sqft
    2019-07-01 0 days 1,730 sqft
    2019-08-01 0 days 1,750 sqft
    2019-09-01 0 days 1,778 sqft
    2019-10-01 0 days 1,797 sqft
    2019-11-01 0 days 1,752 sqft
    2019-12-01 0 days 1,800 sqft
    2020-01-01 0 days 1,800 sqft
    2020-02-01 0 days 1,815 sqft
    2020-03-01 0 days 1,834 sqft
    2020-04-01 0 days 1,805 sqft
    2020-05-01 0 days 1,780 sqft
    2020-06-01 0 days 1,900 sqft
    2020-07-01 0 days 1,931 sqft
    2020-08-01 0 days 1,912 sqft
    2020-09-01 0 days 1,901 sqft
    2020-10-01 0 days 1,938 sqft
    2020-11-01 0 days 1,909 sqft
    2020-12-01 0 days 1,861 sqft
    2021-01-01 0 days 1,848 sqft
    2021-02-01 0 days 1,850 sqft
    2021-03-01 0 days 1,901 sqft
    2021-04-01 0 days 2,139 sqft
    2021-05-01 0 days 1,915 sqft
    2021-06-01 0 days 1,757 sqft
    2021-07-01 0 days 1,739 sqft
    2021-08-01 0 days 1,684 sqft
    2021-09-01 0 days 1,660 sqft
    2021-10-01 0 days 1,600 sqft
    2021-11-01 0 days 1,623 sqft
    2021-12-01 0 days 1,634 sqft
    2022-01-01 0 days 1,569 sqft
    2022-02-01 0 days 1,585 sqft
    2022-03-01 0 days 1,653 sqft
    2022-04-01 0 days 1,580 sqft
    2022-05-01 0 days 1,618 sqft
    2022-06-01 0 days 1,664 sqft
    2022-07-01 0 days 1,714 sqft
    2022-08-01 0 days 1,814 sqft
    2022-09-01 0 days 1,800 sqft
    2022-10-01 0 days 1,728 sqft
    2022-11-01 0 days 1,756 sqft
    2022-12-01 0 days 1,718 sqft
    2023-01-01 0 days 1,738 sqft
    2023-02-01 0 days 1,744 sqft
    2023-03-01 0 days 1,716 sqft
    2023-04-01 0 days 1,729 sqft
    2023-05-01 0 days 1,744 sqft
    2023-06-01 0 days 1,832 sqft
    2023-07-01 0 days 1,856 sqft
    2023-08-01 0 days 1,752 sqft
    2023-09-01 0 days 1,795 sqft
    2023-10-01 0 days 1,757 sqft
    2023-11-01 0 days 1,703 sqft
    2023-12-01 0 days 1,706 sqft
    2024-01-01 0 days 1,865 sqft
    2024-02-01 0 days 1,864 sqft
    2024-03-01 0 days 1,932 sqft
    2024-04-01 0 days 1,890 sqft
    2024-05-01 0 days 1,835 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,741 sqft
    2024-08-01 0 days 1,570 sqft
    2024-09-01 0 days 1,554 sqft
    2024-10-01 0 days 1,614 sqft
    2024-11-01 0 days 1,779 sqft
    2024-12-01 0 days 1,680 sqft
    2025-01-01 0 days 1,688 sqft
    2025-02-01 0 days 1,621 sqft
    2025-03-01 0 days 1,608 sqft
    2025-04-01 0 days 1,755 sqft
    Mount Pleasant's median listing age (time on market) for 2025-04-01 was 0 days.

    Mount Pleasant's median square footage for active listings during the 2025-04-01 period was 1,755 sqft. One year prior, the average listing was 1,890 sqft.