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
6.55%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
St. Cloud's average USDA mortgage closing costs are $5,902.
The average rate for the prior week (2024-12-06) was
6.39% and
one month ago for the week of 2024-11-08, the
average rate was 6.31%.
The average rate one year ago was 6.87%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.84%.
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 |
| 2024-05-01 | $384,925 (4.4%) | $441,484 (2.4%) | 0.87 | 315 |
| 2024-06-01 | $379,900 (7.0%) | $443,612 (7.4%) | 0.85 | 338 |
| 2024-07-01 | $361,500 (1.1%) | $427,078 (4.1%) | 0.83 | 346 |
| 2024-08-01 | $359,000 (1.2%) | $416,384 (2.6%) | 0.83 | 380 |
| 2024-09-01 | $339,900 (-2.6%) | $409,565 (1.3%) | 0.80 | 415 |
| 2024-10-01 | $329,900 (0.2%) | $405,872 (4.7%) | 0.78 | 403 |
| 2024-11-01 | $326,000 (2.9%) | $399,927 (5.7%) | 0.78 | 368 |
St. Cloud's median listing price comes in at 78% of the national average.
St. Cloud's average listing price for 2024-11-01 was $399,927, a difference of $21,442 (5.7%) versus the prior year and $-5,945 versus the prior month.
For the 2024-11-01 period, St. Cloud had 368 MLS listings, a difference of -35 listings (-9%) versus the prior month and 28 listings (8%) 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 |
| 2024-05-01 | 30 days | 2,114 sqft |
| 2024-06-01 | 32 days | 2,121 sqft |
| 2024-07-01 | 44 days | 2,123 sqft |
| 2024-08-01 | 40 days | 2,032 sqft |
| 2024-09-01 | 44 days | 2,043 sqft |
| 2024-10-01 | 49 days | 2,002 sqft |
| 2024-11-01 | 58 days | 1,980 sqft |
St. Cloud's median square footage for active listings during the 2024-11-01 period was 1,980 sqft. One year prior, the average listing was 1,953 sqft.