Bozeman USDA Loans

Bozeman, MT

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.

Bozeman's 12 lenders originated 32 USDA loans during 2021. The total origination value was $11,760,000, with an average USDA loan value of $367,500.

Bozeman USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Bozeman averaged 5.23% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.45% and one month ago for the week of 2022-07-01, the average rate was 5.39%.

The average rate one year ago was 2.87%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.13%.

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

Bozeman USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bozeman level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Opportunity Bank of Montana 6 2.79% $9,079
CORNERSTONE HOME LENDING, INC. 6 2.90% $8,353
Stockman Bank of Montana 4 2.66% $10,936
CHERRY CREEK MORTGAGE, LLC 2 2.81% $1,195
Paramount Residential Mortgage Group, Inc. 2 2.56% $7,981
Hometown Lenders, Inc. 2 3.19% $6,729
UNITED WHOLESALE MORTGAGE, LLC 1 2.25% $10,593
Flagstar Bank, FSB 1 2.75% $6,725
GoPrime Mortgage, Inc. 1 2.75% $7,629
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 3.00% $7,931
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.13% $8,098
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.75% $6,257

The top Bozeman USDA lender as defined by loan originations is Opportunity Bank of Montana, with 6 USDA loans originated. Their average total fees are $9,079, which is $726 higher than the next largest lender, CORNERSTONE HOME LENDING, INC..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Bozeman (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 $489,450 (2.2%) $874,898 (-3.0%) 0.00 436
2018-02-01 $479,700 (-3.9%) $832,276 (-8.4%) 0.00 408
2018-03-01 $449,000 (-10.2%) $780,765 (-11.8%) 0.00 402
2018-04-01 $467,000 (-11.1%) $768,913 (-16.4%) 0.00 404
2018-05-01 $524,750 (-4.9%) $785,412 (-14.7%) 0.00 439
2018-06-01 $529,900 (-3.6%) $783,440 (-10.2%) 0.00 520
2018-07-01 $499,450 (-7.3%) $751,948 (-15.4%) 0.00 611
2018-08-01 $487,000 (-5.8%) $741,289 (-14.6%) 0.00 637
2018-09-01 $464,900 (-12.3%) $728,199 (-17.4%) 0.00 640
2018-10-01 $449,725 (-18.2%) $703,137 (-21.7%) 0.00 641
2018-11-01 $451,400 (-11.8%) $730,747 (-16.5%) 0.00 583
2018-12-01 $449,900 (-10.0%) $753,095 (-15.1%) 0.00 544
2019-01-01 $461,500 (-5.7%) $773,891 (-11.5%) 0.00 486
2019-02-01 $474,000 (-1.2%) $774,133 (-7.0%) 0.00 450
2019-03-01 $493,586 (9.9%) $774,035 (-0.9%) 0.00 433
2019-04-01 $497,886 (6.6%) $772,649 (0.5%) 0.00 436
2019-05-01 $524,900 (0.0%) $773,539 (-1.5%) 0.00 487
2019-06-01 $540,000 (1.9%) $822,220 (5.0%) 0.00 553
2019-07-01 $549,450 (10.0%) $862,798 (14.7%) 0.00 611
2019-08-01 $533,714 (9.6%) $856,692 (15.6%) 0.00 634
2019-09-01 $516,714 (11.2%) $850,045 (16.7%) 0.00 649
2019-10-01 $525,000 (16.7%) $857,119 (21.9%) 0.00 666
2019-11-01 $499,000 (10.5%) $850,655 (16.4%) 0.00 610
2019-12-01 $481,900 (7.1%) $861,974 (14.5%) 0.00 527
2020-01-01 $467,500 (1.3%) $902,807 (16.7%) 0.00 482
2020-02-01 $529,000 (11.6%) $966,745 (24.9%) 0.00 448
2020-03-01 $532,000 (7.8%) $935,951 (20.9%) 0.00 459
2020-04-01 $497,500 (-0.1%) $906,255 (17.3%) 0.00 515
2020-05-01 $519,000 (-1.1%) $956,404 (23.6%) 0.00 541
2020-06-01 $612,375 (13.4%) $1,090,335 (32.6%) 0.00 501
2020-07-01 $682,400 (24.2%) $1,194,590 (38.5%) 0.00 412
2020-08-01 $749,000 (40.3%) $1,277,665 (49.1%) 0.00 350
2020-09-01 $795,000 (53.9%) $1,459,809 (71.7%) 0.00 264
2020-10-01 $795,000 (51.4%) $1,512,215 (76.4%) 0.00 234
2020-11-01 $901,000 (80.6%) $1,715,103 (101.6%) 0.00 184
2020-12-01 $981,000 (103.6%) $1,904,545 (121.0%) 0.00 162
2021-01-01 $1,125,000 (140.6%) $2,077,262 (130.1%) 0.00 141
2021-02-01 $1,043,500 (97.3%) $1,948,533 (101.6%) 0.00 135
2021-03-01 $833,450 (56.7%) $1,619,251 (73.0%) 0.00 133
2021-04-01 $750,000 (50.8%) $1,536,876 (69.6%) 0.00 130
2021-05-01 $899,000 (73.2%) $1,652,052 (72.7%) 0.00 154
2021-06-01 $849,000 (38.6%) $1,534,028 (40.7%) 0.00 222
2021-07-01 $862,400 (26.4%) $1,595,487 (33.6%) 0.00 266
2021-08-01 $795,000 (6.1%) $1,572,806 (23.1%) 0.00 301
2021-09-01 $791,615 (-0.4%) $1,627,628 (11.5%) 0.00 294
2021-10-01 $831,435 (4.6%) $1,682,835 (11.3%) 0.00 247
2021-11-01 $849,500 (-5.7%) $1,940,633 (13.2%) 0.00 186
2021-12-01 $974,950 (-0.6%) $2,143,285 (12.5%) 0.00 148
2022-01-01 $1,275,000 (13.3%) $2,491,956 (20.0%) 0.00 117
2022-02-01 $1,232,500 (18.1%) $2,374,115 (21.8%) 0.00 125
2022-03-01 $999,900 (20.0%) $2,098,667 (29.6%) 0.00 137
2022-04-01 $1,099,000 (46.5%) $1,943,487 (26.5%) 0.00 183
2022-05-01 $879,000 (-2.2%) $1,598,250 (-3.3%) 0.00 262
2022-06-01 $874,250 (3.0%) $1,524,625 (-0.6%) 0.00 367
Bozeman's median listing price for 2022-06-01 was $874,250, a difference of $25,250 (3.0%) versus the prior year and $-4,750 versus the prior month.

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

Bozeman's average listing price for 2022-06-01 was $1,524,625, a difference of $-9,403 (-0.6%) versus the prior year and $-73,625 versus the prior month.

For the 2022-06-01 period, Bozeman had 367 MLS listings, a difference of 105 listings (40%) versus the prior month and 145 listings (65%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Bozeman (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,364 sqft
2018-02-01 0 days 2,308 sqft
2018-03-01 0 days 2,280 sqft
2018-04-01 0 days 2,329 sqft
2018-05-01 0 days 2,400 sqft
2018-06-01 0 days 2,520 sqft
2018-07-01 0 days 2,525 sqft
2018-08-01 0 days 2,400 sqft
2018-09-01 0 days 2,280 sqft
2018-10-01 0 days 2,200 sqft
2018-11-01 0 days 2,271 sqft
2018-12-01 0 days 2,280 sqft
2019-01-01 0 days 2,274 sqft
2019-02-01 0 days 2,290 sqft
2019-03-01 0 days 2,294 sqft
2019-04-01 0 days 2,297 sqft
2019-05-01 0 days 2,273 sqft
2019-06-01 0 days 2,312 sqft
2019-07-01 0 days 2,332 sqft
2019-08-01 0 days 2,287 sqft
2019-09-01 0 days 2,223 sqft
2019-10-01 0 days 2,203 sqft
2019-11-01 0 days 2,152 sqft
2019-12-01 0 days 2,150 sqft
2020-01-01 0 days 2,099 sqft
2020-02-01 0 days 2,153 sqft
2020-03-01 0 days 2,166 sqft
2020-04-01 0 days 2,086 sqft
2020-05-01 0 days 2,120 sqft
2020-06-01 0 days 2,294 sqft
2020-07-01 0 days 2,413 sqft
2020-08-01 0 days 2,548 sqft
2020-09-01 0 days 2,584 sqft
2020-10-01 0 days 2,597 sqft
2020-11-01 0 days 2,558 sqft
2020-12-01 0 days 2,609 sqft
2021-01-01 0 days 2,743 sqft
2021-02-01 0 days 2,735 sqft
2021-03-01 0 days 2,606 sqft
2021-04-01 0 days 2,478 sqft
2021-05-01 0 days 2,640 sqft
2021-06-01 0 days 2,483 sqft
2021-07-01 0 days 2,393 sqft
2021-08-01 0 days 2,299 sqft
2021-09-01 0 days 2,284 sqft
2021-10-01 0 days 2,304 sqft
2021-11-01 0 days 2,452 sqft
2021-12-01 0 days 2,569 sqft
2022-01-01 0 days 2,719 sqft
2022-02-01 0 days 2,599 sqft
2022-03-01 0 days 2,464 sqft
2022-04-01 0 days 2,206 sqft
2022-05-01 0 days 2,271 sqft
2022-06-01 0 days 2,244 sqft
Bozeman's median listing age (time on market) for 2022-06-01 was 0 days.

Bozeman's median square footage for active listings during the 2022-06-01 period was 2,244 sqft. One year prior, the average listing was 2,483 sqft.