St. Cloud USDA Loan Rates, Closing Costs & Stats

ST. CLOUD, MN

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.

St. Cloud's 14 lenders originated 28 USDA loans during 2023. The total origination value was $6,640,000, with an average USDA loan value of $237,143.

St. Cloud USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in St. Cloud averaged 7% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

St. Cloud's average USDA mortgage closing costs are $5,902.

The average rate for the prior week (2024-05-10) was 6.64% and one month ago for the week of 2024-04-12, the average rate was 6.97%.

The average rate one year ago was 6.45%.

For refis of the same type during the week of 2024-05-17, the average rate was 7.19%.

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

St. Cloud 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 St. Cloud level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
PLAZA HOME MORTGAGE, INC. 7 6.73% $6,232
UNITED WHOLESALE MORTGAGE, LLC 4 6.36% $9,566
BAY EQUITY LLC 2 6.13% $12,672
EVERETT FINANCIAL, INC. 2 6.44% $2,932
ST. CLOUD FINANCIAL 2 6.31% $7,806
AMERICAN FINANCIAL RESOURCES, INC. 1 4.75% $8,001
NEWREZ LLC 1 6.75% $8,033
Paramount Residential Mortgage Group, Inc. 1 6.75% $5,742
Sierra Pacific Mortgage Company, Inc. 1 6.38% $13,743
Liberty Bank Minnesota 1 6.75% $2,063
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.88% $16,550
BROKER SOLUTIONS, INC. 1 7.13% $11,648
Heritage Bank 1 6.38% $8,811
IOWA BANKERS MORTGAGE CORPORATION 1 6.88% $3,777

The top St. Cloud USDA lender as defined by loan originations is PLAZA HOME MORTGAGE, INC., with 7 USDA loans originated. Their average total fees are $6,232, which is $3,334 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - St. Cloud (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 $212,975 (8.0%) $249,381 (4.2%) 0.79 510
2018-02-01 $217,675 (0.1%) $259,815 (3.1%) 0.79 527
2018-03-01 $224,900 (0.0%) $270,566 (2.0%) 0.79 541
2018-04-01 $249,950 (12.3%) $286,099 (8.2%) 0.85 545
2018-05-01 $249,950 (13.7%) $291,671 (11.4%) 0.83 611
2018-06-01 $254,900 (18.3%) $293,414 (12.8%) 0.85 619
2018-07-01 $248,350 (18.3%) $291,583 (13.7%) 0.83 651
2018-08-01 $247,200 (17.7%) $289,484 (13.4%) 0.83 642
2018-09-01 $240,000 (14.3%) $284,748 (11.4%) 0.81 653
2018-10-01 $247,175 (17.8%) $284,223 (11.2%) 0.84 655
2018-11-01 $229,950 (10.0%) $273,979 (8.4%) 0.78 620
2018-12-01 $229,948 (9.5%) $275,031 (8.9%) 0.79 534
2019-01-01 $232,400 (9.1%) $276,566 (10.9%) 0.80 469
2019-02-01 $236,950 (8.9%) $278,034 (7.0%) 0.80 463
2019-03-01 $244,186 (8.6%) $286,589 (5.9%) 0.80 515
2019-04-01 $249,186 (-0.3%) $290,251 (1.5%) 0.79 597
2019-05-01 $249,900 (0.0%) $285,905 (-2.0%) 0.78 679
2019-06-01 $249,900 (-2.0%) $286,802 (-2.3%) 0.78 715
2019-07-01 $245,875 (-1.0%) $284,921 (-2.3%) 0.77 739
2019-08-01 $235,318 (-4.8%) $276,272 (-4.6%) 0.75 760
2019-09-01 $232,270 (-3.2%) $270,958 (-4.8%) 0.74 739
2019-10-01 $229,950 (-7.0%) $267,267 (-6.0%) 0.74 724
2019-11-01 $229,900 (0.0%) $267,039 (-2.5%) 0.75 670
2019-12-01 $232,000 (0.9%) $268,986 (-2.2%) 0.77 547
2020-01-01 $229,925 (-1.1%) $266,935 (-3.5%) 0.77 488
2020-02-01 $250,000 (5.5%) $287,535 (3.4%) 0.82 495
2020-03-01 $269,900 (10.5%) $300,822 (5.0%) 0.85 500
2020-04-01 $267,950 (7.5%) $303,831 (4.7%) 0.84 529
2020-05-01 $269,900 (8.0%) $304,052 (6.4%) 0.82 564
2020-06-01 $271,425 (8.6%) $310,306 (8.2%) 0.80 539
2020-07-01 $269,325 (9.5%) $310,786 (9.1%) 0.78 498
2020-08-01 $258,950 (10.0%) $307,415 (11.3%) 0.74 471
2020-09-01 $266,175 (14.6%) $316,149 (16.7%) 0.76 462
2020-10-01 $259,400 (12.8%) $312,681 (17.0%) 0.74 447
2020-11-01 $252,450 (9.8%) $307,738 (15.2%) 0.74 350
2020-12-01 $250,725 (8.1%) $311,778 (15.9%) 0.75 293
2021-01-01 $249,950 (8.7%) $317,645 (19.0%) 0.75 239
2021-02-01 $272,450 (9.0%) $350,784 (22.0%) 0.79 221
2021-03-01 $297,396 (10.2%) $367,540 (22.2%) 0.84 215
2021-04-01 $297,450 (11.0%) $355,863 (17.1%) 0.81 217
2021-05-01 $299,900 (11.1%) $368,103 (21.1%) 0.80 219
2021-06-01 $284,925 (5.0%) $347,958 (12.1%) 0.75 294
2021-07-01 $293,450 (9.0%) $351,267 (13.0%) 0.77 332
2021-08-01 $289,950 (12.0%) $344,650 (12.1%) 0.77 355
2021-09-01 $295,950 (11.2%) $342,646 (8.4%) 0.79 360
2021-10-01 $284,950 (9.9%) $332,022 (6.2%) 0.76 363
2021-11-01 $293,450 (16.2%) $334,994 (8.9%) 0.78 295
2021-12-01 $299,900 (19.6%) $347,124 (11.3%) 0.81 242
2022-01-01 $315,000 (26.0%) $360,734 (13.6%) 0.85 179
2022-02-01 $322,900 (18.5%) $380,050 (8.3%) 0.84 153
2022-03-01 $329,950 (11.0%) $399,942 (8.8%) 0.83 154
2022-04-01 $349,900 (17.6%) $407,909 (14.6%) 0.83 189
2022-05-01 $339,650 (13.3%) $406,284 (10.4%) 0.78 240
2022-06-01 $328,450 (15.3%) $386,778 (11.2%) 0.73 302
2022-07-01 $325,000 (10.8%) $381,650 (8.7%) 0.73 311
2022-08-01 $335,900 (15.9%) $388,510 (12.7%) 0.78 308
2022-09-01 $329,925 (11.5%) $380,471 (11.0%) 0.77 320
2022-10-01 $335,000 (17.6%) $389,410 (17.3%) 0.79 312
2022-11-01 $325,000 (10.8%) $379,659 (13.3%) 0.78 286
2022-12-01 $325,000 (8.4%) $384,662 (10.8%) 0.80 242
2023-01-01 $336,150 (6.7%) $386,875 (7.3%) 0.83 208
2023-02-01 $354,925 (9.9%) $392,884 (3.4%) 0.86 198
2023-03-01 $357,650 (8.4%) $405,380 (1.4%) 0.84 202
2023-04-01 $374,900 (7.1%) $417,215 (2.3%) 0.87 210
2023-05-01 $368,650 (8.5%) $431,155 (6.1%) 0.84 244
2023-06-01 $354,975 (8.1%) $413,083 (6.8%) 0.80 276
2023-07-01 $357,450 (10.0%) $410,184 (7.5%) 0.81 295
2023-08-01 $354,900 (5.7%) $405,962 (4.5%) 0.81 302
2023-09-01 $349,000 (5.8%) $404,167 (6.2%) 0.81 323
2023-10-01 $329,125 (-1.8%) $387,745 (-0.4%) 0.77 348
2023-11-01 $316,675 (-2.6%) $378,485 (-0.3%) 0.75 340
2023-12-01 $319,900 (-1.6%) $377,852 (-1.8%) 0.78 301
2024-01-01 $323,750 (-3.7%) $379,122 (-2.0%) 0.79 246
2024-02-01 $334,925 (-5.6%) $388,519 (-1.1%) 0.81 235
2024-03-01 $350,000 (-2.1%) $418,496 (3.2%) 0.82 266
2024-04-01 $373,675 (-0.3%) $429,448 (2.9%) 0.87 291
St. Cloud's median listing price for 2024-04-01 was $373,675, a difference of $-1,225 (-0.3%) versus the prior year and $23,675 versus the prior month.

St. Cloud's median listing price comes in at 87% of the national average.

St. Cloud's average listing price for 2024-04-01 was $429,448, a difference of $12,233 (2.9%) versus the prior year and $10,952 versus the prior month.

For the 2024-04-01 period, St. Cloud had 291 MLS listings, a difference of 25 listings (9%) versus the prior month and 81 listings (39%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - St. Cloud (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 88 days 1,815 sqft
2018-02-01 65 days 1,871 sqft
2018-03-01 54 days 1,900 sqft
2018-04-01 52 days 1,999 sqft
2018-05-01 46 days 2,016 sqft
2018-06-01 45 days 2,041 sqft
2018-07-01 51 days 2,047 sqft
2018-08-01 57 days 2,045 sqft
2018-09-01 57 days 2,044 sqft
2018-10-01 55 days 2,003 sqft
2018-11-01 61 days 1,947 sqft
2018-12-01 80 days 1,851 sqft
2019-01-01 87 days 1,850 sqft
2019-02-01 78 days 1,841 sqft
2019-03-01 59 days 1,902 sqft
2019-04-01 39 days 2,003 sqft
2019-05-01 38 days 1,968 sqft
2019-06-01 42 days 1,974 sqft
2019-07-01 47 days 1,983 sqft
2019-08-01 54 days 1,975 sqft
2019-09-01 64 days 1,951 sqft
2019-10-01 70 days 1,926 sqft
2019-11-01 77 days 1,931 sqft
2019-12-01 89 days 1,959 sqft
2020-01-01 86 days 1,968 sqft
2020-02-01 75 days 2,043 sqft
2020-03-01 51 days 2,105 sqft
2020-04-01 46 days 2,101 sqft
2020-05-01 47 days 2,071 sqft
2020-06-01 46 days 2,063 sqft
2020-07-01 48 days 2,055 sqft
2020-08-01 47 days 2,128 sqft
2020-09-01 45 days 2,109 sqft
2020-10-01 47 days 2,025 sqft
2020-11-01 55 days 1,929 sqft
2020-12-01 66 days 1,900 sqft
2021-01-01 69 days 1,848 sqft
2021-02-01 47 days 1,905 sqft
2021-03-01 39 days 1,923 sqft
2021-04-01 32 days 1,920 sqft
2021-05-01 35 days 1,957 sqft
2021-06-01 30 days 1,916 sqft
2021-07-01 34 days 1,952 sqft
2021-08-01 35 days 1,945 sqft
2021-09-01 39 days 1,934 sqft
2021-10-01 43 days 1,909 sqft
2021-11-01 50 days 1,931 sqft
2021-12-01 60 days 1,946 sqft
2022-01-01 77 days 1,911 sqft
2022-02-01 58 days 2,212 sqft
2022-03-01 33 days 2,217 sqft
2022-04-01 23 days 2,256 sqft
2022-05-01 21 days 2,103 sqft
2022-06-01 29 days 2,053 sqft
2022-07-01 39 days 2,100 sqft
2022-08-01 39 days 2,124 sqft
2022-09-01 46 days 2,065 sqft
2022-10-01 46 days 2,060 sqft
2022-11-01 57 days 1,978 sqft
2022-12-01 71 days 1,945 sqft
2023-01-01 78 days 1,873 sqft
2023-02-01 73 days 2,002 sqft
2023-03-01 44 days 2,131 sqft
2023-04-01 44 days 2,061 sqft
2023-05-01 34 days 2,010 sqft
2023-06-01 30 days 2,036 sqft
2023-07-01 37 days 2,028 sqft
2023-08-01 46 days 2,052 sqft
2023-09-01 46 days 2,079 sqft
2023-10-01 45 days 2,007 sqft
2023-11-01 53 days 1,953 sqft
2023-12-01 66 days 1,868 sqft
2024-01-01 62 days 1,936 sqft
2024-02-01 59 days 2,013 sqft
2024-03-01 36 days 2,019 sqft
2024-04-01 38 days 2,135 sqft
St. Cloud's median listing age (time on market) for 2024-04-01 was 38 days. This is -14% shorter than the same period one year ago.

St. Cloud's median square footage for active listings during the 2024-04-01 period was 2,135 sqft. One year prior, the average listing was 2,061 sqft.