Wahpeton USDA Loan Rates, Closing Costs & Stats

Wahpeton, ND-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.

Wahpeton's 6 lenders originated 8 USDA loans during 2023. The total origination value was $1,330,000, with an average USDA loan value of $166,250.

Wahpeton USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Wahpeton averaged 6.52% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

Wahpeton's average USDA mortgage closing costs are $4,982.

The average rate for the prior week (2024-03-15) was 6.44% and one month ago for the week of 2024-02-16, the average rate was 6.62%.

The average rate one year ago was 6.22%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.57%.

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

Wahpeton 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 Wahpeton level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Nations Lending Corporation 2 6.33% $2,304
UNITED WHOLESALE MORTGAGE, LLC 2 5.75% $6,156
Century Mortgage Company DBA Century Lending Company 1 6.99% $8,448
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.13% $4,693
PLAZA HOME MORTGAGE, INC. 1 5.25% $10,273
ST. CLOUD FINANCIAL 1 5.25% $10,273

The top Wahpeton USDA lender as defined by loan originations is Nations Lending Corporation, with 2 USDA loans originated. Their average total fees are $2,304, which is $3,852 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Wahpeton (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 $145,900 (32.8%) $159,725 (-13.6%) 0.00 56
2018-02-01 $149,450 (14.3%) $172,631 (-22.0%) 0.00 56
2018-03-01 $141,400 (0.2%) $161,419 (-29.3%) 0.00 56
2018-04-01 $159,650 (12.5%) $189,131 (-11.8%) 0.00 53
2018-05-01 $175,400 (18.3%) $194,413 (-6.5%) 0.00 59
2018-06-01 $172,400 (15.0%) $199,316 (-3.4%) 0.00 74
2018-07-01 $169,900 (13.3%) $201,289 (-0.8%) 0.00 70
2018-08-01 $161,900 (13.3%) $195,798 (1.5%) 0.00 72
2018-09-01 $159,900 (6.7%) $187,980 (-5.4%) 0.00 75
2018-10-01 $164,900 (10.5%) $192,863 (-3.1%) 0.00 72
2018-11-01 $163,675 (13.1%) $188,324 (-3.9%) 0.00 70
2018-12-01 $155,900 (8.3%) $185,117 (17.0%) 0.00 70
2019-01-01 $155,400 (6.5%) $174,371 (9.2%) 0.00 72
2019-02-01 $155,650 (4.2%) $178,611 (3.5%) 0.00 64
2019-03-01 $157,186 (11.2%) $179,657 (11.3%) 0.00 58
2019-04-01 $160,186 (0.3%) $180,022 (-4.8%) 0.00 50
2019-05-01 $168,900 (-3.7%) $183,552 (-5.6%) 0.00 52
2019-06-01 $179,450 (4.1%) $194,070 (-2.6%) 0.00 69
2019-07-01 $172,450 (1.5%) $195,388 (-2.9%) 0.00 73
2019-08-01 $183,573 (13.4%) $203,901 (4.1%) 0.00 74
2019-09-01 $192,757 (20.6%) $210,630 (12.1%) 0.00 72
2019-10-01 $202,450 (22.8%) $215,716 (11.9%) 0.00 69
2019-11-01 $176,950 (8.1%) $199,696 (6.0%) 0.00 54
2019-12-01 $177,400 (13.8%) $197,619 (6.8%) 0.00 45
2020-01-01 $161,175 (3.7%) $188,925 (8.4%) 0.00 36
2020-02-01 $162,400 (4.3%) $190,717 (6.8%) 0.00 29
2020-03-01 $179,175 (14.0%) $198,581 (10.5%) 0.00 34
2020-04-01 $185,450 (15.8%) $213,218 (18.4%) 0.00 35
2020-05-01 $154,900 (-8.3%) $189,952 (3.5%) 0.00 42
2020-06-01 $154,400 (-14.0%) $184,595 (-4.9%) 0.00 43
2020-07-01 $175,150 (1.6%) $198,343 (1.5%) 0.00 41
2020-08-01 $189,000 (3.0%) $221,649 (8.7%) 0.00 48
2020-09-01 $187,975 (-2.5%) $220,710 (4.8%) 0.00 46
2020-10-01 $223,450 (10.4%) $232,671 (7.9%) 0.00 40
2020-11-01 $203,175 (14.8%) $231,679 (16.0%) 0.00 39
2020-12-01 $149,900 (-15.5%) $219,653 (11.2%) 0.00 38
2021-01-01 $125,000 (-22.4%) $212,592 (12.5%) 0.00 33
2021-02-01 $149,925 (-7.7%) $197,904 (3.8%) 0.00 30
2021-03-01 $172,900 (-3.5%) $202,040 (1.7%) 0.00 24
2021-04-01 $202,400 (9.1%) $217,372 (2.0%) 0.00 23
2021-05-01 $233,750 (50.9%) $227,066 (19.5%) 0.00 26
2021-06-01 $231,200 (49.7%) $223,152 (20.9%) 0.00 35
2021-07-01 $251,700 (43.7%) $251,441 (26.8%) 0.00 34
2021-08-01 $257,275 (36.1%) $260,758 (17.6%) 0.00 31
2021-09-01 $247,400 (31.6%) $253,791 (15.0%) 0.00 34
2021-10-01 $239,150 (7.0%) $228,838 (-1.7%) 0.00 40
2021-11-01 $238,050 (17.2%) $221,875 (-4.2%) 0.00 37
2021-12-01 $222,825 (48.7%) $210,468 (-4.2%) 0.00 38
2022-01-01 $229,950 (84.0%) $212,382 (-0.1%) 0.00 34
2022-02-01 $254,925 (70.0%) $262,063 (32.4%) 0.00 35
2022-03-01 $259,950 (50.4%) $258,963 (28.2%) 0.00 36
2022-04-01 $251,000 (24.0%) $269,483 (24.0%) 0.00 33
2022-05-01 $286,975 (22.8%) $276,048 (21.6%) 0.00 36
2022-06-01 $270,500 (17.0%) $248,788 (11.5%) 0.00 48
2022-07-01 $270,500 (7.5%) $254,409 (1.2%) 0.00 48
2022-08-01 $256,750 (-0.2%) $266,815 (2.3%) 0.00 50
2022-09-01 $256,750 (3.8%) $253,750 (0.0%) 0.00 49
2022-10-01 $254,900 (6.6%) $257,189 (12.4%) 0.00 50
2022-11-01 $238,175 (0.1%) $254,988 (14.9%) 0.00 49
2022-12-01 $266,000 (19.4%) $268,772 (27.7%) 0.00 46
2023-01-01 $271,244 (18.0%) $263,694 (24.2%) 0.00 44
2023-02-01 $286,519 (12.4%) $280,520 (7.0%) 0.00 41
2023-03-01 $288,944 (11.2%) $287,301 (10.9%) 0.00 42
2023-04-01 $299,500 (19.3%) $313,716 (16.4%) 0.00 39
2023-05-01 $297,606 (3.7%) $295,336 (7.0%) 0.00 45
2023-06-01 $319,900 (18.3%) $324,267 (30.3%) 0.00 50
2023-07-01 $324,900 (20.1%) $336,114 (32.1%) 0.00 51
2023-08-01 $297,350 (15.8%) $308,164 (15.5%) 0.00 64
2023-09-01 $339,900 (32.4%) $342,195 (34.9%) 0.00 64
2023-10-01 $357,400 (40.2%) $351,016 (36.5%) 0.00 64
2023-11-01 $429,900 (80.5%) $362,207 (42.1%) 0.00 63
2023-12-01 $399,900 (50.3%) $349,913 (30.2%) 0.00 55
2024-01-01 $369,950 (36.4%) $351,888 (33.5%) 0.00 62
2024-02-01 $349,225 (21.9%) $340,576 (21.4%) 0.00 69
Wahpeton's median listing price for 2024-02-01 was $349,225, a difference of $62,706 (21.9%) versus the prior year and $-20,725 versus the prior month.

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

Wahpeton's average listing price for 2024-02-01 was $340,576, a difference of $60,056 (21.4%) versus the prior year and $-11,312 versus the prior month.

For the 2024-02-01 period, Wahpeton had 69 MLS listings, a difference of 7 listings (11%) versus the prior month and 28 listings (68%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Wahpeton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,600 sqft
2018-02-01 0 days 1,595 sqft
2018-03-01 0 days 1,660 sqft
2018-04-01 0 days 1,936 sqft
2018-05-01 0 days 2,020 sqft
2018-06-01 0 days 2,023 sqft
2018-07-01 0 days 2,030 sqft
2018-08-01 0 days 1,861 sqft
2018-09-01 0 days 1,861 sqft
2018-10-01 0 days 1,872 sqft
2018-11-01 0 days 1,962 sqft
2018-12-01 0 days 2,235 sqft
2019-01-01 0 days 2,096 sqft
2019-02-01 0 days 2,122 sqft
2019-03-01 0 days 2,115 sqft
2019-04-01 0 days 2,140 sqft
2019-05-01 0 days 2,336 sqft
2019-06-01 0 days 2,392 sqft
2019-07-01 0 days 2,370 sqft
2019-08-01 0 days 2,470 sqft
2019-09-01 0 days 2,475 sqft
2019-10-01 0 days 2,498 sqft
2019-11-01 0 days 2,450 sqft
2019-12-01 0 days 2,443 sqft
2020-01-01 0 days 2,450 sqft
2020-02-01 0 days 2,516 sqft
2020-03-01 0 days 2,497 sqft
2020-04-01 0 days 2,600 sqft
2020-05-01 0 days 2,256 sqft
2020-06-01 0 days 2,303 sqft
2020-07-01 0 days 2,316 sqft
2020-08-01 0 days 2,370 sqft
2020-09-01 0 days 2,457 sqft
2020-10-01 0 days 2,468 sqft
2020-11-01 0 days 2,343 sqft
2020-12-01 0 days 2,168 sqft
2021-01-01 0 days 2,115 sqft
2021-02-01 0 days 2,148 sqft
2021-03-01 0 days 2,156 sqft
2021-04-01 0 days 2,469 sqft
2021-05-01 0 days 2,428 sqft
2021-06-01 0 days 2,202 sqft
2021-07-01 0 days 2,202 sqft
2021-08-01 0 days 2,202 sqft
2021-09-01 0 days 2,108 sqft
2021-10-01 0 days 2,070 sqft
2021-11-01 0 days 2,162 sqft
2021-12-01 0 days 2,075 sqft
2022-01-01 0 days 2,086 sqft
2022-02-01 0 days 2,366 sqft
2022-03-01 0 days 2,334 sqft
2022-04-01 0 days 2,182 sqft
2022-05-01 0 days 2,253 sqft
2022-06-01 0 days 2,258 sqft
2022-07-01 0 days 2,358 sqft
2022-08-01 0 days 2,350 sqft
2022-09-01 0 days 2,316 sqft
2022-10-01 0 days 2,310 sqft
2022-11-01 0 days 2,319 sqft
2022-12-01 0 days 2,292 sqft
2023-01-01 0 days 2,310 sqft
2023-02-01 0 days 2,360 sqft
2023-03-01 0 days 2,360 sqft
2023-04-01 0 days 2,360 sqft
2023-05-01 0 days 2,365 sqft
2023-06-01 0 days 2,433 sqft
2023-07-01 0 days 2,432 sqft
2023-08-01 0 days 2,376 sqft
2023-09-01 0 days 2,366 sqft
2023-10-01 0 days 2,386 sqft
2023-11-01 0 days 2,360 sqft
2023-12-01 0 days 2,194 sqft
2024-01-01 0 days 2,184 sqft
2024-02-01 0 days 2,084 sqft
Wahpeton's median listing age (time on market) for 2024-02-01 was 0 days.

Wahpeton's median square footage for active listings during the 2024-02-01 period was 2,084 sqft. One year prior, the average listing was 2,360 sqft.