Butte USDA Loan Rates, Closing Costs & Stats

Butte-Silver Bow, MT

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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.

    Butte's 7 lenders originated 10 USDA loans during 2023. The total origination value was $1,990,000, with an average USDA loan value of $199,000.

    Butte USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Butte averaged 6.77% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Butte's average USDA mortgage closing costs are $5,916.

    The average rate for the prior week (2024-04-12) was 6.72% and one month ago for the week of 2024-03-15, the average rate was 6.71%.

    The average rate one year ago was 6.05%.

    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.

    Butte 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 Butte level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Glacier Bank 4 5.75% $7,002
    GUILD MORTGAGE COMPANY 1 5.63% $9,460
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.63% $7,899
    Paramount Residential Mortgage Group, Inc. 1 6.13% $7,497
    Plains Commerce Bank 1 6.13% $4,680
    UNITED WHOLESALE MORTGAGE, LLC 1 6.95% $6,614
    Opportunity Bank of Montana 1 5.75% $5,069

    The top Butte USDA lender as defined by loan originations is Glacier Bank, with 4 USDA loans originated. Their average total fees are $7,002, which is $2,458 lower than the next largest lender, GUILD MORTGAGE COMPANY.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Butte (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 $172,500 (12.6%) $237,090 (-5.0%) 0.00 153
    2018-02-01 $168,450 (12.4%) $237,919 (-2.2%) 0.00 154
    2018-03-01 $177,000 (18.5%) $255,013 (11.6%) 0.00 132
    2018-04-01 $201,000 (34.0%) $272,088 (22.4%) 0.00 135
    2018-05-01 $207,000 (30.6%) $252,644 (14.7%) 0.00 139
    2018-06-01 $179,450 (8.8%) $240,826 (11.2%) 0.00 167
    2018-07-01 $176,875 (7.2%) $229,590 (5.7%) 0.00 168
    2018-08-01 $183,750 (15.8%) $228,846 (9.7%) 0.00 182
    2018-09-01 $166,250 (4.6%) $225,278 (9.0%) 0.00 190
    2018-10-01 $158,750 (0.2%) $218,577 (3.8%) 0.00 175
    2018-11-01 $149,249 (-6.6%) $200,463 (-9.5%) 0.00 169
    2018-12-01 $154,900 (-6.7%) $208,060 (-10.5%) 0.00 147
    2019-01-01 $155,000 (-10.1%) $211,686 (-10.7%) 0.00 126
    2019-02-01 $152,000 (-9.8%) $206,050 (-13.4%) 0.00 124
    2019-03-01 $176,570 (-0.2%) $214,436 (-15.9%) 0.00 130
    2019-04-01 $206,250 (2.6%) $229,279 (-15.7%) 0.00 135
    2019-05-01 $222,000 (7.3%) $245,216 (-2.9%) 0.00 142
    2019-06-01 $214,997 (19.8%) $254,639 (5.7%) 0.00 167
    2019-07-01 $204,749 (15.8%) $246,071 (7.2%) 0.00 177
    2019-08-01 $194,500 (5.9%) $237,629 (3.8%) 0.00 189
    2019-09-01 $187,750 (12.9%) $233,737 (3.8%) 0.00 180
    2019-10-01 $180,000 (13.4%) $229,493 (5.0%) 0.00 174
    2019-11-01 $172,000 (15.2%) $230,304 (14.9%) 0.00 153
    2019-12-01 $189,600 (22.4%) $237,162 (14.0%) 0.00 136
    2020-01-01 $183,850 (18.6%) $236,338 (11.7%) 0.00 125
    2020-02-01 $192,500 (26.6%) $250,340 (21.5%) 0.00 113
    2020-03-01 $198,375 (12.4%) $263,210 (22.8%) 0.00 111
    2020-04-01 $221,850 (7.6%) $263,412 (14.9%) 0.00 110
    2020-05-01 $255,000 (14.9%) $268,611 (9.5%) 0.00 120
    2020-06-01 $232,000 (7.9%) $275,044 (8.0%) 0.00 114
    2020-07-01 $239,000 (16.7%) $262,964 (6.9%) 0.00 107
    2020-08-01 $254,500 (30.9%) $262,669 (10.5%) 0.00 109
    2020-09-01 $260,000 (38.5%) $258,887 (10.8%) 0.00 99
    2020-10-01 $239,000 (32.8%) $266,941 (16.3%) 0.00 97
    2020-11-01 $204,663 (19.0%) $250,605 (8.8%) 0.00 103
    2020-12-01 $196,000 (3.4%) $237,751 (0.3%) 0.00 88
    2021-01-01 $175,000 (-4.8%) $229,673 (-2.8%) 0.00 62
    2021-02-01 $190,500 (-1.0%) $230,045 (-8.1%) 0.00 47
    2021-03-01 $190,250 (-4.1%) $375,625 (42.7%) 0.00 29
    2021-04-01 $193,750 (-12.7%) $484,634 (84.0%) 0.00 39
    2021-05-01 $225,000 (-11.8%) $446,884 (66.4%) 0.00 45
    2021-06-01 $267,475 (15.3%) $420,189 (52.8%) 0.00 59
    2021-07-01 $239,000 (0.0%) $507,000 (92.8%) 0.00 63
    2021-08-01 $249,000 (-2.2%) $501,995 (91.1%) 0.00 83
    2021-09-01 $291,750 (12.2%) $527,482 (103.8%) 0.00 94
    2021-10-01 $269,000 (12.6%) $543,773 (103.7%) 0.00 77
    2021-11-01 $277,250 (35.5%) $539,343 (115.2%) 0.00 73
    2021-12-01 $296,750 (51.4%) $625,927 (163.3%) 0.00 59
    2022-01-01 $325,000 (85.7%) $697,997 (203.9%) 0.00 44
    2022-02-01 $322,500 (69.3%) $537,453 (133.6%) 0.00 46
    2022-03-01 $329,250 (73.1%) $545,574 (45.2%) 0.00 50
    2022-04-01 $329,000 (69.8%) $551,479 (13.8%) 0.00 45
    2022-05-01 $375,000 (66.7%) $597,976 (33.8%) 0.00 45
    2022-06-01 $280,750 (5.0%) $485,354 (15.5%) 0.00 60
    2022-07-01 $311,000 (30.1%) $550,776 (8.6%) 0.00 84
    2022-08-01 $347,225 (39.5%) $550,100 (9.6%) 0.00 106
    2022-09-01 $360,000 (23.4%) $593,973 (12.6%) 0.00 99
    2022-10-01 $348,000 (29.4%) $611,743 (12.5%) 0.00 87
    2022-11-01 $340,250 (22.7%) $613,256 (13.7%) 0.00 91
    2022-12-01 $339,950 (14.6%) $621,009 (-0.8%) 0.00 93
    2023-01-01 $339,500 (4.5%) $628,611 (-9.9%) 0.00 86
    2023-02-01 $337,500 (4.7%) $532,297 (-1.0%) 0.00 78
    2023-03-01 $346,750 (5.3%) $567,341 (4.0%) 0.00 77
    2023-04-01 $373,000 (13.4%) $567,808 (3.0%) 0.00 68
    2023-05-01 $356,000 (-5.1%) $573,614 (-4.1%) 0.00 75
    2023-06-01 $351,250 (25.1%) $574,147 (18.3%) 0.00 90
    2023-07-01 $377,000 (21.2%) $556,114 (1.0%) 0.00 105
    2023-08-01 $354,000 (2.0%) $512,842 (-6.8%) 0.00 129
    2023-09-01 $344,500 (-4.3%) $504,696 (-15.0%) 0.00 126
    2023-10-01 $326,000 (-6.3%) $493,474 (-19.3%) 0.00 137
    2023-11-01 $324,250 (-4.7%) $498,228 (-18.8%) 0.00 136
    2023-12-01 $325,000 (-4.4%) $500,220 (-19.5%) 0.00 123
    2024-01-01 $320,000 (-5.7%) $531,304 (-15.5%) 0.00 111
    2024-02-01 $305,125 (-9.6%) $529,196 (-0.6%) 0.00 104
    2024-03-01 $299,413 (-13.7%) $505,433 (-10.9%) 0.00 106
    Butte's median listing price for 2024-03-01 was $299,413, a difference of $-47,337 (-13.7%) versus the prior year and $-5,712 versus the prior month.

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

    Butte's average listing price for 2024-03-01 was $505,433, a difference of $-61,908 (-10.9%) versus the prior year and $-23,763 versus the prior month.

    For the 2024-03-01 period, Butte had 106 MLS listings, a difference of 2 listings (2%) versus the prior month and 29 listings (38%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Butte (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,688 sqft
    2018-02-01 0 days 1,702 sqft
    2018-03-01 0 days 1,756 sqft
    2018-04-01 0 days 1,820 sqft
    2018-05-01 0 days 1,800 sqft
    2018-06-01 0 days 1,800 sqft
    2018-07-01 0 days 1,757 sqft
    2018-08-01 0 days 1,902 sqft
    2018-09-01 0 days 1,924 sqft
    2018-10-01 0 days 1,767 sqft
    2018-11-01 0 days 1,644 sqft
    2018-12-01 0 days 1,680 sqft
    2019-01-01 0 days 1,713 sqft
    2019-02-01 0 days 1,705 sqft
    2019-03-01 0 days 1,744 sqft
    2019-04-01 0 days 1,774 sqft
    2019-05-01 0 days 1,925 sqft
    2019-06-01 0 days 1,990 sqft
    2019-07-01 0 days 1,814 sqft
    2019-08-01 0 days 1,892 sqft
    2019-09-01 0 days 1,908 sqft
    2019-10-01 0 days 1,893 sqft
    2019-11-01 0 days 1,789 sqft
    2019-12-01 0 days 1,741 sqft
    2020-01-01 0 days 1,693 sqft
    2020-02-01 0 days 1,656 sqft
    2020-03-01 0 days 1,680 sqft
    2020-04-01 0 days 1,696 sqft
    2020-05-01 0 days 1,874 sqft
    2020-06-01 0 days 1,914 sqft
    2020-07-01 0 days 1,411 sqft
    2020-08-01 0 days 1,298 sqft
    2020-09-01 0 days 1,298 sqft
    2020-10-01 0 days 1,298 sqft
    2020-11-01 0 days 1,482 sqft
    2020-12-01 0 days 1,520 sqft
    2021-01-01 0 days 1,468 sqft
    2021-02-01 0 days 1,655 sqft
    2021-03-01 0 days 1,675 sqft
    2021-04-01 0 days 1,767 sqft
    2021-05-01 0 days 2,112 sqft
    2021-06-01 0 days 2,016 sqft
    2021-07-01 0 days 1,828 sqft
    2021-08-01 0 days 1,795 sqft
    2021-09-01 0 days 2,016 sqft
    2021-10-01 0 days 2,081 sqft
    2021-11-01 0 days 2,109 sqft
    2021-12-01 0 days 2,210 sqft
    2022-01-01 0 days 2,195 sqft
    2022-02-01 0 days 2,166 sqft
    2022-03-01 0 days 2,184 sqft
    2022-04-01 0 days 2,213 sqft
    2022-05-01 0 days 2,352 sqft
    2022-06-01 0 days 1,832 sqft
    2022-07-01 0 days 1,934 sqft
    2022-08-01 0 days 1,920 sqft
    2022-09-01 0 days 2,219 sqft
    2022-10-01 0 days 2,129 sqft
    2022-11-01 0 days 2,016 sqft
    2022-12-01 0 days 2,048 sqft
    2023-01-01 0 days 1,989 sqft
    2023-02-01 0 days 1,889 sqft
    2023-03-01 0 days 1,808 sqft
    2023-04-01 0 days 1,875 sqft
    2023-05-01 0 days 1,787 sqft
    2023-06-01 0 days 1,771 sqft
    2023-07-01 0 days 1,824 sqft
    2023-08-01 0 days 1,740 sqft
    2023-09-01 0 days 1,792 sqft
    2023-10-01 0 days 1,753 sqft
    2023-11-01 0 days 1,713 sqft
    2023-12-01 0 days 1,764 sqft
    2024-01-01 0 days 1,616 sqft
    2024-02-01 0 days 1,529 sqft
    2024-03-01 0 days 1,404 sqft
    Butte's median listing age (time on market) for 2024-03-01 was 0 days.

    Butte's median square footage for active listings during the 2024-03-01 period was 1,404 sqft. One year prior, the average listing was 1,808 sqft.