Burley USDA Loan Rates, Closing Costs & Stats

Burley, ID

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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.

    Burley's 4 lenders originated 4 USDA loans during 2023. The total origination value was $1,090,000, with an average USDA loan value of $272,500.

    Burley USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Burley averaged 6.24% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Burley's average USDA mortgage closing costs are $6,478.

    The average rate for the prior week (2024-12-06) was 5.98% and one month ago for the week of 2024-11-08, the average rate was 6.29%.

    The average rate one year ago was 6.56%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.1%.

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

    Burley 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 Burley level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CORNERSTONE HOME LENDING, INC. 1 5.00% $10,347
    First Federal Savings Bank of Twin Falls 1 6.49% $13,723
    GUILD MORTGAGE COMPANY 1 5.13% $7,249
    NFM, INC. 1 5.75% $9,934

    The top Burley USDA lender as defined by loan originations is CORNERSTONE HOME LENDING, INC., with 1 USDA loans originated. Their average total fees are $10,347, which is $3,376 lower than the next largest lender, First Federal Savings Bank of Twin Falls.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Burley (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 $162,900 (-1.6%) $193,433 (-0.6%) 0.00 78
    2018-02-01 $168,900 (0.7%) $199,841 (0.8%) 0.00 82
    2018-03-01 $170,700 (-1.9%) $201,428 (2.1%) 0.00 84
    2018-04-01 $183,950 (5.2%) $227,521 (13.4%) 0.00 80
    2018-05-01 $181,975 (1.7%) $219,786 (7.2%) 0.00 78
    2018-06-01 $179,850 (5.9%) $224,186 (13.0%) 0.00 95
    2018-07-01 $177,800 (-0.9%) $222,179 (5.7%) 0.00 101
    2018-08-01 $178,400 (1.3%) $224,005 (11.7%) 0.00 99
    2018-09-01 $180,000 (2.9%) $237,300 (23.4%) 0.00 89
    2018-10-01 $185,175 (5.1%) $234,542 (20.2%) 0.00 87
    2018-11-01 $189,450 (18.6%) $235,695 (24.6%) 0.00 89
    2018-12-01 $224,900 (34.3%) $243,176 (22.0%) 0.00 93
    2019-01-01 $221,225 (35.8%) $241,594 (24.9%) 0.00 87
    2019-02-01 $196,225 (16.2%) $238,961 (19.6%) 0.00 79
    2019-03-01 $194,349 (13.9%) $236,600 (17.5%) 0.00 79
    2019-04-01 $193,589 (5.2%) $233,607 (2.7%) 0.00 80
    2019-05-01 $212,175 (16.6%) $257,426 (17.1%) 0.00 78
    2019-06-01 $219,900 (22.3%) $249,169 (11.1%) 0.00 89
    2019-07-01 $217,500 (22.3%) $242,993 (9.4%) 0.00 97
    2019-08-01 $218,941 (22.7%) $260,927 (16.5%) 0.00 114
    2019-09-01 $224,852 (24.9%) $281,235 (18.5%) 0.00 118
    2019-10-01 $228,793 (23.6%) $291,953 (24.5%) 0.00 119
    2019-11-01 $219,900 (16.1%) $287,339 (21.9%) 0.00 111
    2019-12-01 $233,625 (3.9%) $311,928 (28.3%) 0.00 94
    2020-01-01 $253,725 (14.7%) $320,509 (32.7%) 0.00 89
    2020-02-01 $242,900 (23.8%) $313,798 (31.3%) 0.00 76
    2020-03-01 $247,000 (27.1%) $302,335 (27.8%) 0.00 85
    2020-04-01 $239,450 (23.7%) $296,810 (27.1%) 0.00 87
    2020-05-01 $249,000 (17.4%) $307,562 (19.5%) 0.00 80
    2020-06-01 $259,225 (17.9%) $306,763 (23.1%) 0.00 54
    2020-07-01 $239,950 (10.3%) $328,649 (35.3%) 0.00 46
    2020-08-01 $237,900 (8.7%) $326,592 (25.2%) 0.00 42
    2020-09-01 $236,200 (5.1%) $293,831 (4.5%) 0.00 40
    2020-10-01 $239,900 (4.9%) $275,527 (-5.6%) 0.00 37
    2020-11-01 $255,000 (16.0%) $310,728 (8.1%) 0.00 24
    2020-12-01 $263,725 (12.9%) $342,075 (9.7%) 0.00 23
    2021-01-01 $257,500 (1.5%) $350,658 (9.4%) 0.00 18
    2021-02-01 $256,875 (5.8%) $433,016 (38.0%) 0.00 18
    2021-03-01 $317,500 (28.5%) $452,654 (49.7%) 0.00 18
    2021-04-01 $277,000 (15.7%) $373,153 (25.7%) 0.00 18
    2021-05-01 $287,450 (15.4%) $406,630 (32.2%) 0.00 22
    2021-06-01 $289,725 (11.8%) $402,211 (31.1%) 0.00 30
    2021-07-01 $325,000 (35.4%) $436,230 (32.7%) 0.00 37
    2021-08-01 $292,250 (22.9%) $407,139 (24.7%) 0.00 48
    2021-09-01 $354,475 (50.1%) $486,829 (65.7%) 0.00 47
    2021-10-01 $351,600 (46.6%) $459,865 (66.9%) 0.00 51
    2021-11-01 $353,300 (38.6%) $464,150 (49.4%) 0.00 46
    2021-12-01 $356,000 (35.0%) $447,224 (30.7%) 0.00 45
    2022-01-01 $342,000 (32.8%) $481,107 (37.2%) 0.00 37
    2022-02-01 $347,025 (35.1%) $458,530 (5.9%) 0.00 36
    2022-03-01 $359,250 (13.2%) $438,473 (-3.1%) 0.00 44
    2022-04-01 $364,540 (31.6%) $467,375 (25.3%) 0.00 48
    2022-05-01 $370,328 (28.8%) $447,247 (10.0%) 0.00 64
    2022-06-01 $369,918 (27.7%) $426,790 (6.1%) 0.00 71
    2022-07-01 $374,016 (15.1%) $430,507 (-1.3%) 0.00 96
    2022-08-01 $384,995 (31.7%) $447,828 (10.0%) 0.00 105
    2022-09-01 $379,975 (7.2%) $443,841 (-8.8%) 0.00 112
    2022-10-01 $377,008 (7.2%) $433,731 (-5.7%) 0.00 111
    2022-11-01 $390,620 (10.6%) $431,111 (-7.1%) 0.00 112
    2022-12-01 $389,750 (9.5%) $419,574 (-6.2%) 0.00 110
    2023-01-01 $396,516 (15.9%) $422,857 (-12.1%) 0.00 93
    2023-02-01 $391,175 (12.7%) $411,054 (-10.4%) 0.00 95
    2023-03-01 $395,566 (10.1%) $419,645 (-4.3%) 0.00 82
    2023-04-01 $395,000 (8.4%) $404,787 (-13.4%) 0.00 82
    2023-05-01 $399,450 (7.9%) $444,541 (-0.6%) 0.00 97
    2023-06-01 $395,198 (6.8%) $454,867 (6.6%) 0.00 100
    2023-07-01 $395,000 (5.6%) $461,662 (7.2%) 0.00 107
    2023-08-01 $390,100 (1.3%) $452,798 (1.1%) 0.00 106
    2023-09-01 $378,900 (-0.3%) $438,783 (-1.1%) 0.00 122
    2023-10-01 $372,240 (-1.3%) $423,130 (-2.4%) 0.00 119
    2023-11-01 $377,000 (-3.5%) $437,287 (1.4%) 0.00 105
    2023-12-01 $383,950 (-1.5%) $440,687 (5.0%) 0.00 93
    2024-01-01 $383,975 (-3.2%) $452,367 (7.0%) 0.00 78
    2024-02-01 $381,900 (-2.4%) $436,805 (6.3%) 0.00 75
    2024-03-01 $399,000 (0.9%) $454,354 (8.3%) 0.00 78
    2024-04-01 $397,000 (0.5%) $468,924 (15.8%) 0.00 95
    2024-05-01 $393,500 (-1.5%) $487,108 (9.6%) 0.00 105
    2024-06-01 $389,000 (-1.6%) $481,137 (5.8%) 0.00 120
    2024-07-01 $389,000 (-1.5%) $464,142 (0.5%) 0.00 130
    2024-08-01 $380,000 (-2.6%) $454,398 (0.4%) 0.00 142
    2024-09-01 $379,900 (0.3%) $470,633 (7.3%) 0.00 146
    2024-10-01 $389,450 (4.6%) $487,292 (15.2%) 0.00 152
    2024-11-01 $392,000 (4.0%) $476,835 (9.0%) 0.00 138
    Burley's median listing price for 2024-11-01 was $392,000, a difference of $15,000 (4.0%) versus the prior year and $2,550 versus the prior month.

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

    Burley's average listing price for 2024-11-01 was $476,835, a difference of $39,548 (9.0%) versus the prior year and $-10,457 versus the prior month.

    For the 2024-11-01 period, Burley had 138 MLS listings, a difference of -14 listings (-9%) versus the prior month and 33 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Burley (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,812 sqft
    2018-02-01 0 days 1,888 sqft
    2018-03-01 0 days 1,947 sqft
    2018-04-01 0 days 1,920 sqft
    2018-05-01 0 days 1,915 sqft
    2018-06-01 0 days 1,826 sqft
    2018-07-01 0 days 1,766 sqft
    2018-08-01 0 days 1,812 sqft
    2018-09-01 0 days 1,874 sqft
    2018-10-01 0 days 1,883 sqft
    2018-11-01 0 days 1,860 sqft
    2018-12-01 0 days 1,988 sqft
    2019-01-01 0 days 2,006 sqft
    2019-02-01 0 days 1,882 sqft
    2019-03-01 0 days 1,936 sqft
    2019-04-01 0 days 2,009 sqft
    2019-05-01 0 days 2,025 sqft
    2019-06-01 0 days 2,020 sqft
    2019-07-01 0 days 2,009 sqft
    2019-08-01 0 days 1,989 sqft
    2019-09-01 0 days 1,976 sqft
    2019-10-01 0 days 1,933 sqft
    2019-11-01 0 days 1,901 sqft
    2019-12-01 0 days 1,942 sqft
    2020-01-01 0 days 2,218 sqft
    2020-02-01 0 days 2,177 sqft
    2020-03-01 0 days 1,879 sqft
    2020-04-01 0 days 1,847 sqft
    2020-05-01 0 days 1,879 sqft
    2020-06-01 0 days 1,985 sqft
    2020-07-01 0 days 1,976 sqft
    2020-08-01 0 days 1,748 sqft
    2020-09-01 0 days 1,834 sqft
    2020-10-01 0 days 1,820 sqft
    2020-11-01 0 days 1,820 sqft
    2020-12-01 0 days 2,102 sqft
    2021-01-01 0 days 2,165 sqft
    2021-02-01 0 days 2,473 sqft
    2021-03-01 0 days 2,701 sqft
    2021-04-01 0 days 1,911 sqft
    2021-05-01 0 days 1,965 sqft
    2021-06-01 0 days 1,893 sqft
    2021-07-01 0 days 2,112 sqft
    2021-08-01 0 days 2,039 sqft
    2021-09-01 0 days 2,000 sqft
    2021-10-01 0 days 1,938 sqft
    2021-11-01 0 days 1,976 sqft
    2021-12-01 0 days 1,914 sqft
    2022-01-01 0 days 1,961 sqft
    2022-02-01 0 days 1,792 sqft
    2022-03-01 0 days 1,910 sqft
    2022-04-01 0 days 2,112 sqft
    2022-05-01 0 days 2,011 sqft
    2022-06-01 0 days 1,848 sqft
    2022-07-01 0 days 1,914 sqft
    2022-08-01 0 days 2,031 sqft
    2022-09-01 0 days 1,986 sqft
    2022-10-01 0 days 2,017 sqft
    2022-11-01 0 days 2,022 sqft
    2022-12-01 0 days 2,000 sqft
    2023-01-01 0 days 1,998 sqft
    2023-02-01 0 days 1,908 sqft
    2023-03-01 0 days 1,970 sqft
    2023-04-01 0 days 1,902 sqft
    2023-05-01 0 days 1,980 sqft
    2023-06-01 0 days 1,935 sqft
    2023-07-01 0 days 2,031 sqft
    2023-08-01 0 days 2,096 sqft
    2023-09-01 0 days 1,938 sqft
    2023-10-01 0 days 1,958 sqft
    2023-11-01 0 days 1,968 sqft
    2023-12-01 0 days 2,015 sqft
    2024-01-01 0 days 2,130 sqft
    2024-02-01 0 days 2,123 sqft
    2024-03-01 0 days 2,114 sqft
    2024-04-01 0 days 1,998 sqft
    2024-05-01 0 days 1,951 sqft
    2024-06-01 0 days 1,964 sqft
    2024-07-01 0 days 2,009 sqft
    2024-08-01 0 days 1,892 sqft
    2024-09-01 0 days 1,931 sqft
    2024-10-01 0 days 2,090 sqft
    2024-11-01 0 days 1,969 sqft
    Burley's median listing age (time on market) for 2024-11-01 was 0 days.

    Burley's median square footage for active listings during the 2024-11-01 period was 1,969 sqft. One year prior, the average listing was 1,968 sqft.