Wahpeton USDA Loan Rates, Closing Costs & Stats

Wahpeton, ND-MN

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 -0.16% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.1% and one month ago for the week of 2024-10-11, the average rate was 6.16%.

    The average rate one year ago was 7.39%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

    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
    2024-03-01 $409,900 (41.9%) $357,222 (24.3%) 0.00 66
    2024-04-01 $364,275 (21.6%) $342,618 (9.2%) 0.00 68
    2024-05-01 $325,500 (9.4%) $325,330 (10.2%) 0.00 72
    2024-06-01 $313,550 (-2.0%) $323,528 (-0.2%) 0.00 69
    2024-07-01 $314,225 (-3.3%) $336,333 (0.1%) 0.00 76
    2024-08-01 $319,900 (7.6%) $345,675 (12.2%) 0.00 88
    2024-09-01 $295,000 (-13.2%) $325,697 (-4.8%) 0.00 98
    2024-10-01 $297,475 (-16.8%) $330,339 (-5.9%) 0.00 94
    Wahpeton's median listing price for 2024-10-01 was $297,475, a difference of $-59,925 (-16.8%) versus the prior year and $2,475 versus the prior month.

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

    Wahpeton's average listing price for 2024-10-01 was $330,339, a difference of $-20,677 (-5.9%) versus the prior year and $4,642 versus the prior month.

    For the 2024-10-01 period, Wahpeton had 94 MLS listings, a difference of -4 listings (-4%) versus the prior month and 30 listings (47%) 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
    2024-03-01 0 days 1,990 sqft
    2024-04-01 0 days 1,961 sqft
    2024-05-01 0 days 1,909 sqft
    2024-06-01 0 days 1,964 sqft
    2024-07-01 0 days 1,964 sqft
    2024-08-01 0 days 2,168 sqft
    2024-09-01 0 days 2,144 sqft
    2024-10-01 0 days 2,129 sqft
    Wahpeton's median listing age (time on market) for 2024-10-01 was 0 days.

    Wahpeton's median square footage for active listings during the 2024-10-01 period was 2,129 sqft. One year prior, the average listing was 2,386 sqft.