Red Wing USDA Loan Rates, Closing Costs & Stats

Red Wing, MN

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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.

    Red Wing's 10 lenders originated 12 USDA loans during 2023. The total origination value was $2,840,000, with an average USDA loan value of $236,667.

    Red Wing USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Red Wing averaged 6.25% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Red Wing's average USDA mortgage closing costs are $5,627.

    The average rate for the prior week (2025-02-07) was 6.2% and one month ago for the week of 2025-01-10, the average rate was 6.25%.

    The average rate one year ago was 6.44%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.43%.

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

    Red Wing 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 Red Wing level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Century Mortgage Company DBA Century Lending Company 2 6.13% $5,943
    UNITED WHOLESALE MORTGAGE, LLC 2 6.06% $8,110
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $10,128
    GUARANTEED RATE, INC. 1 6.25% $5,599
    Merchants Bank 1 5.65% $9,072
    NEWREZ LLC 1 6.25% $5,471
    Paramount Residential Mortgage Group, Inc. 1 6.88% $8,464
    Plains Commerce Bank 1 5.75% $9,748
    SUN WEST MORTGAGE COMPANY, INC. 1 7.13% $9,007
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $8,664

    The top Red Wing USDA lender as defined by loan originations is Century Mortgage Company DBA Century Lending Company, with 2 USDA loans originated. Their average total fees are $5,943, which is $2,168 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Red Wing (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 $239,425 (3.0%) $279,581 (-1.5%) 0.00 119
    2018-02-01 $266,950 (15.3%) $292,157 (-0.2%) 0.00 123
    2018-03-01 $264,000 (8.8%) $282,727 (-5.4%) 0.00 134
    2018-04-01 $269,900 (12.5%) $301,347 (3.9%) 0.00 141
    2018-05-01 $273,700 (12.9%) $312,791 (5.4%) 0.00 163
    2018-06-01 $289,900 (20.8%) $314,817 (8.6%) 0.00 173
    2018-07-01 $282,275 (18.4%) $304,620 (6.1%) 0.00 178
    2018-08-01 $276,563 (14.8%) $304,270 (2.2%) 0.00 188
    2018-09-01 $279,900 (14.3%) $303,188 (0.7%) 0.00 198
    2018-10-01 $272,450 (6.8%) $296,268 (-4.3%) 0.00 205
    2018-11-01 $281,400 (13.5%) $304,810 (1.0%) 0.00 182
    2018-12-01 $289,900 (20.3%) $312,768 (8.1%) 0.00 157
    2019-01-01 $269,600 (12.6%) $305,535 (9.3%) 0.00 138
    2019-02-01 $272,100 (1.9%) $316,186 (8.2%) 0.00 126
    2019-03-01 $282,386 (7.0%) $321,301 (13.6%) 0.00 132
    2019-04-01 $291,711 (8.1%) $320,072 (6.2%) 0.00 151
    2019-05-01 $279,950 (2.3%) $309,538 (-1.0%) 0.00 164
    2019-06-01 $274,900 (-5.2%) $297,381 (-5.5%) 0.00 181
    2019-07-01 $271,250 (-3.9%) $299,197 (-1.8%) 0.00 200
    2019-08-01 $266,455 (-3.7%) $296,702 (-2.5%) 0.00 208
    2019-09-01 $256,636 (-8.3%) $293,172 (-3.3%) 0.00 206
    2019-10-01 $247,975 (-9.0%) $290,819 (-1.8%) 0.00 206
    2019-11-01 $239,900 (-14.8%) $281,311 (-7.7%) 0.00 197
    2019-12-01 $239,850 (-17.3%) $278,505 (-11.0%) 0.00 167
    2020-01-01 $252,175 (-6.5%) $287,911 (-5.8%) 0.00 154
    2020-02-01 $260,000 (-4.5%) $291,037 (-8.0%) 0.00 146
    2020-03-01 $264,900 (-6.2%) $311,084 (-3.2%) 0.00 156
    2020-04-01 $264,175 (-9.4%) $315,550 (-1.4%) 0.00 146
    2020-05-01 $264,900 (-5.4%) $324,903 (5.0%) 0.00 161
    2020-06-01 $265,175 (-3.5%) $322,904 (8.6%) 0.00 166
    2020-07-01 $284,900 (5.0%) $333,368 (11.4%) 0.00 138
    2020-08-01 $314,950 (18.2%) $352,311 (18.7%) 0.00 127
    2020-09-01 $299,900 (16.9%) $335,832 (14.6%) 0.00 142
    2020-10-01 $289,900 (16.9%) $316,477 (8.8%) 0.00 138
    2020-11-01 $287,300 (19.8%) $316,601 (12.5%) 0.00 128
    2020-12-01 $283,450 (18.2%) $304,167 (9.2%) 0.00 103
    2021-01-01 $280,075 (11.1%) $306,306 (6.4%) 0.00 71
    2021-02-01 $303,700 (16.8%) $321,675 (10.5%) 0.00 60
    2021-03-01 $334,143 (26.1%) $359,233 (15.5%) 0.00 56
    2021-04-01 $331,935 (25.7%) $352,232 (11.6%) 0.00 56
    2021-05-01 $294,900 (11.3%) $323,752 (-0.4%) 0.00 70
    2021-06-01 $302,300 (14.0%) $335,326 (3.9%) 0.00 74
    2021-07-01 $309,750 (8.7%) $350,500 (5.1%) 0.00 74
    2021-08-01 $299,625 (-4.9%) $344,723 (-2.2%) 0.00 84
    2021-09-01 $299,888 (0.0%) $371,085 (10.5%) 0.00 83
    2021-10-01 $299,700 (3.4%) $385,900 (21.9%) 0.00 93
    2021-11-01 $284,900 (-0.8%) $345,695 (9.2%) 0.00 77
    2021-12-01 $298,650 (5.4%) $369,883 (21.6%) 0.00 57
    2022-01-01 $299,900 (7.1%) $364,569 (19.0%) 0.00 52
    2022-02-01 $295,450 (-2.7%) $363,535 (13.0%) 0.00 34
    2022-03-01 $314,825 (-5.8%) $446,819 (24.4%) 0.00 40
    2022-04-01 $319,900 (-3.6%) $450,184 (27.8%) 0.00 47
    2022-05-01 $318,225 (7.9%) $425,270 (31.4%) 0.00 60
    2022-06-01 $302,475 (0.1%) $398,371 (18.8%) 0.00 79
    2022-07-01 $299,900 (-3.2%) $374,066 (6.7%) 0.00 90
    2022-08-01 $312,475 (4.3%) $394,537 (14.5%) 0.00 79
    2022-09-01 $326,200 (8.8%) $396,728 (6.9%) 0.00 87
    2022-10-01 $319,400 (6.6%) $390,288 (1.1%) 0.00 95
    2022-11-01 $315,550 (10.8%) $383,406 (10.9%) 0.00 82
    2022-12-01 $298,900 (0.1%) $371,272 (0.4%) 0.00 68
    2023-01-01 $293,700 (-2.1%) $389,926 (7.0%) 0.00 59
    2023-02-01 $344,925 (16.8%) $422,085 (16.1%) 0.00 50
    2023-03-01 $339,900 (8.0%) $421,776 (-5.6%) 0.00 51
    2023-04-01 $377,450 (18.0%) $446,155 (-0.9%) 0.00 43
    2023-05-01 $358,650 (12.7%) $427,275 (0.5%) 0.00 53
    2023-06-01 $353,675 (16.9%) $440,530 (10.6%) 0.00 67
    2023-07-01 $364,950 (21.7%) $439,957 (17.6%) 0.00 75
    2023-08-01 $398,161 (27.4%) $453,962 (15.1%) 0.00 88
    2023-09-01 $375,000 (15.0%) $420,659 (6.0%) 0.00 96
    2023-10-01 $348,950 (9.3%) $414,644 (6.2%) 0.00 101
    2023-11-01 $323,475 (2.5%) $399,721 (4.3%) 0.00 106
    2023-12-01 $341,900 (14.4%) $387,483 (4.4%) 0.00 95
    2024-01-01 $336,650 (14.6%) $385,182 (-1.2%) 0.00 84
    2024-02-01 $327,425 (-5.1%) $387,908 (-8.1%) 0.00 76
    2024-03-01 $359,450 (5.8%) $416,475 (-1.3%) 0.00 80
    2024-04-01 $387,400 (2.6%) $451,037 (1.1%) 0.00 93
    2024-05-01 $392,400 (9.4%) $454,784 (6.4%) 0.00 91
    2024-06-01 $359,900 (1.8%) $426,083 (-3.3%) 0.00 90
    2024-07-01 $345,700 (-5.3%) $412,770 (-6.2%) 0.00 87
    2024-08-01 $349,000 (-12.4%) $410,937 (-9.5%) 0.00 98
    2024-09-01 $335,000 (-10.7%) $397,697 (-5.5%) 0.00 104
    2024-10-01 $339,500 (-2.7%) $398,333 (-3.9%) 0.00 118
    2024-11-01 $354,500 (9.6%) $401,416 (0.4%) 0.00 107
    2024-12-01 $356,950 (4.4%) $388,370 (0.2%) 0.00 96
    2025-01-01 $349,888 (3.9%) $384,530 (-0.2%) 0.00 86
    Red Wing's median listing price for 2025-01-01 was $349,888, a difference of $13,238 (3.9%) versus the prior year and $-7,062 versus the prior month.

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

    Red Wing's average listing price for 2025-01-01 was $384,530, a difference of $-652 (-0.2%) versus the prior year and $-3,840 versus the prior month.

    For the 2025-01-01 period, Red Wing had 86 MLS listings, a difference of -10 listings (-10%) versus the prior month and 2 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Red Wing (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,203 sqft
    2018-02-01 0 days 2,335 sqft
    2018-03-01 0 days 2,263 sqft
    2018-04-01 0 days 2,350 sqft
    2018-05-01 0 days 2,238 sqft
    2018-06-01 0 days 2,160 sqft
    2018-07-01 0 days 2,111 sqft
    2018-08-01 0 days 2,094 sqft
    2018-09-01 0 days 2,080 sqft
    2018-10-01 0 days 2,101 sqft
    2018-11-01 0 days 2,064 sqft
    2018-12-01 0 days 2,048 sqft
    2019-01-01 0 days 1,782 sqft
    2019-02-01 0 days 1,936 sqft
    2019-03-01 0 days 2,025 sqft
    2019-04-01 0 days 2,032 sqft
    2019-05-01 0 days 2,024 sqft
    2019-06-01 0 days 1,933 sqft
    2019-07-01 0 days 1,877 sqft
    2019-08-01 0 days 1,912 sqft
    2019-09-01 0 days 1,883 sqft
    2019-10-01 0 days 1,876 sqft
    2019-11-01 0 days 1,836 sqft
    2019-12-01 0 days 1,828 sqft
    2020-01-01 0 days 1,833 sqft
    2020-02-01 0 days 1,775 sqft
    2020-03-01 0 days 1,820 sqft
    2020-04-01 0 days 1,803 sqft
    2020-05-01 0 days 1,824 sqft
    2020-06-01 0 days 1,800 sqft
    2020-07-01 0 days 1,778 sqft
    2020-08-01 0 days 1,939 sqft
    2020-09-01 0 days 1,892 sqft
    2020-10-01 0 days 1,903 sqft
    2020-11-01 0 days 1,880 sqft
    2020-12-01 0 days 1,829 sqft
    2021-01-01 0 days 1,775 sqft
    2021-02-01 0 days 1,644 sqft
    2021-03-01 0 days 1,648 sqft
    2021-04-01 0 days 1,801 sqft
    2021-05-01 0 days 1,647 sqft
    2021-06-01 0 days 1,744 sqft
    2021-07-01 0 days 1,701 sqft
    2021-08-01 0 days 1,735 sqft
    2021-09-01 0 days 1,818 sqft
    2021-10-01 0 days 1,666 sqft
    2021-11-01 0 days 1,604 sqft
    2021-12-01 0 days 1,589 sqft
    2022-01-01 0 days 1,602 sqft
    2022-02-01 0 days 2,285 sqft
    2022-03-01 0 days 2,323 sqft
    2022-04-01 0 days 2,184 sqft
    2022-05-01 0 days 1,811 sqft
    2022-06-01 0 days 1,919 sqft
    2022-07-01 0 days 1,794 sqft
    2022-08-01 0 days 1,932 sqft
    2022-09-01 0 days 2,082 sqft
    2022-10-01 0 days 1,913 sqft
    2022-11-01 0 days 1,951 sqft
    2022-12-01 0 days 1,698 sqft
    2023-01-01 0 days 1,681 sqft
    2023-02-01 0 days 1,635 sqft
    2023-03-01 0 days 1,618 sqft
    2023-04-01 0 days 1,669 sqft
    2023-05-01 0 days 1,759 sqft
    2023-06-01 0 days 1,857 sqft
    2023-07-01 0 days 1,937 sqft
    2023-08-01 0 days 2,102 sqft
    2023-09-01 0 days 2,064 sqft
    2023-10-01 0 days 2,010 sqft
    2023-11-01 0 days 1,937 sqft
    2023-12-01 0 days 1,804 sqft
    2024-01-01 0 days 1,755 sqft
    2024-02-01 0 days 1,884 sqft
    2024-03-01 0 days 1,865 sqft
    2024-04-01 0 days 2,009 sqft
    2024-05-01 0 days 1,935 sqft
    2024-06-01 0 days 1,812 sqft
    2024-07-01 0 days 1,770 sqft
    2024-08-01 0 days 1,816 sqft
    2024-09-01 0 days 1,883 sqft
    2024-10-01 0 days 1,883 sqft
    2024-11-01 0 days 1,978 sqft
    2024-12-01 0 days 1,976 sqft
    2025-01-01 0 days 1,856 sqft
    Red Wing's median listing age (time on market) for 2025-01-01 was 0 days.

    Red Wing's median square footage for active listings during the 2025-01-01 period was 1,856 sqft. One year prior, the average listing was 1,755 sqft.