Pella USDA Loan Rates, Closing Costs & Stats

Pella, IA

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.

Pella's 9 lenders originated 14 USDA loans during 2024. The total origination value was $2,090,000, with an average USDA loan value of $149,286.

Pella USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Pella averaged 6.73% for the week of 2025-04-11, compared to the national average (all USDA variants) of 6.449% for the same period.

Pella's average USDA mortgage closing costs are $4,031.

The average rate for the prior week (2025-04-04) was 6.18% and one month ago for the week of 2025-03-07, the average rate was 6.25%.

The average rate one year ago was 6.51%.

For refis of the same type during the week of 2025-04-11, the average rate was 6.35%.

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

Pella 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 Pella level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
IOWA BANKERS MORTGAGE CORPORATION 4 6.38% $3,836
STOCKTON MORTGAGE CORPORATION 3 6.58% $7,777
GREENSTATE CREDIT UNION 1 6.50% $3,823
HOMESERVICES LENDING, LLC 1 6.38% $4,991
COMPASS MORTGAGE, INC. 1 6.63% $5,055
MidWestOne Bank 1 6.50% $4,307
NEWREZ LLC 1 6.75% $2,475
Sierra Pacific Mortgage Company, Inc. 1 7.13% $5,761
CARDINAL FINANCIAL 1 7.25% $6,055

The top Pella USDA lender as defined by loan originations is IOWA BANKERS MORTGAGE CORPORATION, with 4 USDA loans originated. Their average total fees are $3,836, which is $3,941 lower than the next largest lender, STOCKTON MORTGAGE CORPORATION.

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

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