Willmar USDA Loan Rates, Closing Costs & Stats

Willmar, 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.

    Willmar's 5 lenders originated 6 USDA loans during 2023. The total origination value was $1,050,000, with an average USDA loan value of $175,000.

    Willmar USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Willmar averaged 6.89% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Willmar's average USDA mortgage closing costs are $4,640.

    The average rate for the prior week (2024-04-12) was 6.94% and one month ago for the week of 2024-03-15, the average rate was 6.82%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Willmar 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 Willmar level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    EVERETT FINANCIAL, INC. 2 7.13% $4,758
    Bremer Bank 1 6.50% $5,526
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $4,856
    Heritage Bank 1 6.13% $5,327
    UNION HOME MORTGAGE CORP. 1 6.50% $6,335

    The top Willmar USDA lender as defined by loan originations is EVERETT FINANCIAL, INC., with 2 USDA loans originated. Their average total fees are $4,758, which is $768 lower than the next largest lender, Bremer Bank.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Willmar (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 $251,069 (18.8%) $324,892 (5.0%) 0.00 169
    2018-02-01 $254,500 (15.5%) $321,755 (5.0%) 0.00 174
    2018-03-01 $266,100 (16.5%) $326,029 (5.0%) 0.00 189
    2018-04-01 $269,675 (8.9%) $337,277 (4.0%) 0.00 197
    2018-05-01 $272,975 (13.1%) $336,707 (2.2%) 0.00 212
    2018-06-01 $249,000 (2.4%) $324,797 (-2.3%) 0.00 229
    2018-07-01 $239,450 (-4.2%) $308,774 (-8.6%) 0.00 232
    2018-08-01 $232,450 (-5.3%) $303,730 (-6.6%) 0.00 222
    2018-09-01 $244,944 (-0.4%) $313,083 (-2.1%) 0.00 221
    2018-10-01 $233,050 (-1.0%) $311,714 (-0.5%) 0.00 233
    2018-11-01 $222,125 (-10.0%) $311,562 (-2.5%) 0.00 222
    2018-12-01 $217,500 (-12.7%) $294,332 (-10.7%) 0.00 198
    2019-01-01 $199,447 (-20.6%) $287,931 (-11.4%) 0.00 171
    2019-02-01 $220,800 (-13.2%) $332,817 (3.4%) 0.00 158
    2019-03-01 $224,999 (-15.5%) $330,116 (1.3%) 0.00 176
    2019-04-01 $229,950 (-14.7%) $318,801 (-5.5%) 0.00 197
    2019-05-01 $242,394 (-11.2%) $321,319 (-4.6%) 0.00 225
    2019-06-01 $254,977 (2.4%) $339,357 (4.5%) 0.00 228
    2019-07-01 $275,000 (14.9%) $352,034 (14.0%) 0.00 234
    2019-08-01 $282,055 (21.3%) $357,383 (17.7%) 0.00 224
    2019-09-01 $272,461 (11.2%) $352,138 (12.5%) 0.00 224
    2019-10-01 $259,500 (11.4%) $344,206 (10.4%) 0.00 224
    2019-11-01 $259,500 (16.8%) $337,697 (8.4%) 0.00 209
    2019-12-01 $249,600 (14.8%) $329,754 (12.0%) 0.00 210
    2020-01-01 $256,050 (28.4%) $330,289 (14.7%) 0.00 198
    2020-02-01 $260,000 (17.8%) $328,618 (-1.3%) 0.00 190
    2020-03-01 $282,225 (25.4%) $341,089 (3.3%) 0.00 183
    2020-04-01 $278,597 (21.2%) $340,676 (6.9%) 0.00 180
    2020-05-01 $289,900 (19.6%) $360,025 (12.1%) 0.00 180
    2020-06-01 $282,450 (10.8%) $370,896 (9.3%) 0.00 178
    2020-07-01 $255,000 (-7.3%) $354,107 (0.6%) 0.00 186
    2020-08-01 $256,950 (-8.9%) $353,745 (-1.0%) 0.00 163
    2020-09-01 $257,425 (-5.5%) $347,001 (-1.5%) 0.00 149
    2020-10-01 $250,000 (-3.7%) $330,910 (-3.9%) 0.00 125
    2020-11-01 $244,950 (-5.6%) $335,422 (-0.7%) 0.00 108
    2020-12-01 $281,675 (12.9%) $370,154 (12.3%) 0.00 80
    2021-01-01 $270,000 (5.5%) $392,639 (18.9%) 0.00 66
    2021-02-01 $269,900 (3.8%) $401,632 (22.2%) 0.00 70
    2021-03-01 $303,444 (7.5%) $397,728 (16.6%) 0.00 68
    2021-04-01 $288,000 (3.4%) $448,335 (31.6%) 0.00 78
    2021-05-01 $232,500 (-19.8%) $380,520 (5.7%) 0.00 83
    2021-06-01 $234,999 (-16.8%) $389,882 (5.1%) 0.00 83
    2021-07-01 $231,900 (-9.1%) $358,108 (1.1%) 0.00 96
    2021-08-01 $250,000 (-2.7%) $365,109 (3.2%) 0.00 106
    2021-09-01 $228,175 (-11.4%) $359,051 (3.5%) 0.00 93
    2021-10-01 $215,000 (-14.0%) $336,595 (1.7%) 0.00 87
    2021-11-01 $187,450 (-23.5%) $298,167 (-11.1%) 0.00 81
    2021-12-01 $202,000 (-28.3%) $282,292 (-23.7%) 0.00 59
    2022-01-01 $215,000 (-20.4%) $301,287 (-23.3%) 0.00 40
    2022-02-01 $254,750 (-5.6%) $364,118 (-9.3%) 0.00 30
    2022-03-01 $254,000 (-16.3%) $401,602 (1.0%) 0.00 31
    2022-04-01 $257,000 (-10.8%) $382,414 (-14.7%) 0.00 35
    2022-05-01 $262,500 (12.9%) $401,114 (5.4%) 0.00 48
    2022-06-01 $267,475 (13.8%) $383,012 (-1.8%) 0.00 64
    2022-07-01 $272,500 (17.5%) $370,411 (3.4%) 0.00 70
    2022-08-01 $316,250 (26.5%) $425,735 (16.6%) 0.00 63
    2022-09-01 $297,250 (30.3%) $457,582 (27.4%) 0.00 54
    2022-10-01 $345,000 (60.5%) $493,186 (46.5%) 0.00 62
    2022-11-01 $353,450 (88.6%) $479,809 (60.9%) 0.00 56
    2022-12-01 $340,000 (68.3%) $468,489 (66.0%) 0.00 50
    2023-01-01 $340,000 (58.1%) $461,695 (53.2%) 0.00 40
    2023-02-01 $358,944 (40.9%) $458,843 (26.0%) 0.00 35
    2023-03-01 $349,250 (37.5%) $447,673 (11.5%) 0.00 38
    2023-04-01 $334,000 (30.0%) $465,589 (21.8%) 0.00 32
    2023-05-01 $318,850 (21.5%) $436,904 (8.9%) 0.00 38
    2023-06-01 $357,475 (33.7%) $466,612 (21.8%) 0.00 59
    2023-07-01 $350,000 (28.4%) $428,475 (15.7%) 0.00 71
    2023-08-01 $365,950 (15.7%) $452,069 (6.2%) 0.00 79
    2023-09-01 $345,000 (16.1%) $400,103 (-12.6%) 0.00 81
    2023-10-01 $344,500 (-0.1%) $397,590 (-19.4%) 0.00 78
    2023-11-01 $335,000 (-5.2%) $386,410 (-19.5%) 0.00 78
    2023-12-01 $342,500 (0.7%) $380,197 (-18.9%) 0.00 66
    2024-01-01 $374,950 (10.3%) $466,320 (1.0%) 0.00 51
    2024-02-01 $385,425 (7.4%) $506,370 (10.4%) 0.00 51
    2024-03-01 $374,500 (7.2%) $500,948 (11.9%) 0.00 47
    Willmar's median listing price for 2024-03-01 was $374,500, a difference of $25,250 (7.2%) versus the prior year and $-10,925 versus the prior month.

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

    Willmar's average listing price for 2024-03-01 was $500,948, a difference of $53,275 (11.9%) versus the prior year and $-5,422 versus the prior month.

    For the 2024-03-01 period, Willmar had 47 MLS listings, a difference of -4 listings (-8%) versus the prior month and 9 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Willmar (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,428 sqft
    2018-02-01 0 days 2,435 sqft
    2018-03-01 0 days 2,432 sqft
    2018-04-01 0 days 2,434 sqft
    2018-05-01 0 days 2,398 sqft
    2018-06-01 0 days 2,344 sqft
    2018-07-01 0 days 2,346 sqft
    2018-08-01 0 days 2,323 sqft
    2018-09-01 0 days 2,348 sqft
    2018-10-01 0 days 2,343 sqft
    2018-11-01 0 days 2,269 sqft
    2018-12-01 0 days 2,190 sqft
    2019-01-01 0 days 2,189 sqft
    2019-02-01 0 days 2,355 sqft
    2019-03-01 0 days 2,181 sqft
    2019-04-01 0 days 2,087 sqft
    2019-05-01 0 days 2,118 sqft
    2019-06-01 0 days 2,210 sqft
    2019-07-01 0 days 2,264 sqft
    2019-08-01 0 days 2,214 sqft
    2019-09-01 0 days 2,131 sqft
    2019-10-01 0 days 2,070 sqft
    2019-11-01 0 days 2,072 sqft
    2019-12-01 0 days 2,108 sqft
    2020-01-01 0 days 2,084 sqft
    2020-02-01 0 days 2,084 sqft
    2020-03-01 0 days 2,071 sqft
    2020-04-01 0 days 1,953 sqft
    2020-05-01 0 days 2,120 sqft
    2020-06-01 0 days 2,189 sqft
    2020-07-01 0 days 2,193 sqft
    2020-08-01 0 days 2,158 sqft
    2020-09-01 0 days 2,217 sqft
    2020-10-01 0 days 2,229 sqft
    2020-11-01 0 days 2,214 sqft
    2020-12-01 0 days 2,361 sqft
    2021-01-01 0 days 2,387 sqft
    2021-02-01 0 days 2,520 sqft
    2021-03-01 0 days 2,577 sqft
    2021-04-01 0 days 2,341 sqft
    2021-05-01 0 days 2,075 sqft
    2021-06-01 0 days 2,020 sqft
    2021-07-01 0 days 2,028 sqft
    2021-08-01 0 days 2,026 sqft
    2021-09-01 0 days 1,972 sqft
    2021-10-01 0 days 1,976 sqft
    2021-11-01 0 days 1,948 sqft
    2021-12-01 0 days 1,818 sqft
    2022-01-01 0 days 1,976 sqft
    2022-02-01 0 days 2,103 sqft
    2022-03-01 0 days 2,033 sqft
    2022-04-01 0 days 2,160 sqft
    2022-05-01 0 days 1,976 sqft
    2022-06-01 0 days 2,153 sqft
    2022-07-01 0 days 2,069 sqft
    2022-08-01 0 days 2,239 sqft
    2022-09-01 0 days 2,228 sqft
    2022-10-01 0 days 2,241 sqft
    2022-11-01 0 days 2,199 sqft
    2022-12-01 0 days 1,996 sqft
    2023-01-01 0 days 1,978 sqft
    2023-02-01 0 days 2,013 sqft
    2023-03-01 0 days 2,195 sqft
    2023-04-01 0 days 2,025 sqft
    2023-05-01 0 days 2,032 sqft
    2023-06-01 0 days 2,299 sqft
    2023-07-01 0 days 2,057 sqft
    2023-08-01 0 days 2,083 sqft
    2023-09-01 0 days 2,054 sqft
    2023-10-01 0 days 2,084 sqft
    2023-11-01 0 days 2,022 sqft
    2023-12-01 0 days 1,989 sqft
    2024-01-01 0 days 2,028 sqft
    2024-02-01 0 days 2,002 sqft
    2024-03-01 0 days 2,002 sqft
    Willmar's median listing age (time on market) for 2024-03-01 was 0 days.

    Willmar's median square footage for active listings during the 2024-03-01 period was 2,002 sqft. One year prior, the average listing was 2,195 sqft.