Cañon City USDA Loan Rates, Closing Costs & Stats

Cañon City, CO

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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.

    Cañon City's 6 lenders originated 9 USDA loans during 2023. The total origination value was $2,375,000, with an average USDA loan value of $263,889.

    Cañon City USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Cañon City averaged 6.25% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Cañon City's average USDA mortgage closing costs are $5,824.

    The average rate for the prior week (2024-12-06) was 6.48% and one month ago for the week of 2024-11-08, the average rate was 6.5%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.4%.

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

    Cañon City 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 Cañon City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MID AMERICA MORTGAGE, INC. 3 6.13% $3,395
    THE MORTGAGE COMPANY 2 6.44% $9,766
    AXIA FINANCIAL, LLC 1 6.25% $7,569
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.25% $5,535
    SUN WEST MORTGAGE COMPANY, INC. 1 6.58% $6,368
    The Central Trust Bank 1 6.49% $6,548

    The top Cañon City USDA lender as defined by loan originations is MID AMERICA MORTGAGE, INC., with 3 USDA loans originated. Their average total fees are $3,395, which is $6,371 lower than the next largest lender, THE MORTGAGE COMPANY.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Cañon City (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 $279,975 (13.8%) $388,350 (11.5%) 0.00 168
    2018-02-01 $291,250 (20.1%) $399,052 (14.0%) 0.00 163
    2018-03-01 $302,500 (5.6%) $369,987 (0.7%) 0.00 163
    2018-04-01 $324,190 (11.8%) $389,474 (0.7%) 0.00 178
    2018-05-01 $320,979 (-0.5%) $422,219 (6.4%) 0.00 203
    2018-06-01 $328,257 (9.6%) $428,161 (12.5%) 0.00 229
    2018-07-01 $317,500 (8.7%) $421,987 (14.9%) 0.00 229
    2018-08-01 $313,700 (6.4%) $410,276 (9.6%) 0.00 239
    2018-09-01 $300,000 (4.0%) $399,491 (5.4%) 0.00 251
    2018-10-01 $299,900 (-6.6%) $390,066 (-3.0%) 0.00 262
    2018-11-01 $314,150 (7.7%) $396,164 (2.2%) 0.00 244
    2018-12-01 $299,900 (9.0%) $399,824 (4.9%) 0.00 216
    2019-01-01 $299,900 (7.1%) $401,195 (3.3%) 0.00 204
    2019-02-01 $311,575 (7.0%) $405,333 (1.6%) 0.00 187
    2019-03-01 $326,400 (7.9%) $418,127 (13.0%) 0.00 195
    2019-04-01 $329,000 (1.5%) $430,669 (10.6%) 0.00 205
    2019-05-01 $321,990 (0.3%) $412,634 (-2.3%) 0.00 216
    2019-06-01 $326,850 (-0.4%) $421,043 (-1.7%) 0.00 234
    2019-07-01 $325,463 (2.5%) $423,108 (0.3%) 0.00 253
    2019-08-01 $322,259 (2.7%) $422,832 (3.1%) 0.00 255
    2019-09-01 $318,148 (6.1%) $416,653 (4.3%) 0.00 256
    2019-10-01 $315,432 (5.2%) $412,765 (5.8%) 0.00 257
    2019-11-01 $312,000 (-0.7%) $405,411 (2.3%) 0.00 234
    2019-12-01 $298,700 (-0.4%) $402,320 (0.6%) 0.00 232
    2020-01-01 $285,000 (-5.0%) $403,671 (0.6%) 0.00 218
    2020-02-01 $310,000 (-0.5%) $426,383 (5.2%) 0.00 200
    2020-03-01 $325,000 (-0.4%) $447,176 (7.0%) 0.00 202
    2020-04-01 $328,450 (-0.2%) $449,283 (4.3%) 0.00 192
    2020-05-01 $350,950 (9.0%) $448,460 (8.7%) 0.00 190
    2020-06-01 $350,000 (7.1%) $459,290 (9.1%) 0.00 193
    2020-07-01 $358,000 (10.0%) $462,989 (9.4%) 0.00 181
    2020-08-01 $356,500 (10.6%) $483,476 (14.3%) 0.00 172
    2020-09-01 $345,125 (8.5%) $470,786 (13.0%) 0.00 158
    2020-10-01 $354,000 (12.2%) $468,134 (13.4%) 0.00 139
    2020-11-01 $359,925 (15.4%) $474,472 (17.0%) 0.00 123
    2020-12-01 $349,365 (17.0%) $453,356 (12.7%) 0.00 123
    2021-01-01 $349,758 (22.7%) $446,043 (10.5%) 0.00 100
    2021-02-01 $329,400 (6.3%) $429,230 (0.7%) 0.00 87
    2021-03-01 $364,250 (12.1%) $441,684 (-1.2%) 0.00 74
    2021-04-01 $385,794 (17.5%) $466,430 (3.8%) 0.00 70
    2021-05-01 $428,500 (22.1%) $533,418 (18.9%) 0.00 67
    2021-06-01 $408,250 (16.6%) $584,357 (27.2%) 0.00 91
    2021-07-01 $410,000 (14.5%) $604,915 (30.7%) 0.00 100
    2021-08-01 $399,750 (12.1%) $575,440 (19.0%) 0.00 118
    2021-09-01 $393,817 (14.1%) $521,250 (10.7%) 0.00 151
    2021-10-01 $359,000 (1.4%) $486,815 (4.0%) 0.00 144
    2021-11-01 $371,200 (3.1%) $544,493 (14.8%) 0.00 125
    2021-12-01 $381,225 (9.1%) $614,033 (35.4%) 0.00 106
    2022-01-01 $400,000 (14.4%) $686,219 (53.9%) 0.00 98
    2022-02-01 $415,000 (26.0%) $730,167 (70.1%) 0.00 85
    2022-03-01 $442,999 (21.6%) $754,172 (70.8%) 0.00 77
    2022-04-01 $437,500 (13.4%) $703,478 (50.8%) 0.00 99
    2022-05-01 $431,975 (0.8%) $642,517 (20.5%) 0.00 136
    2022-06-01 $416,750 (2.1%) $595,475 (1.9%) 0.00 161
    2022-07-01 $404,950 (-1.2%) $575,843 (-4.8%) 0.00 205
    2022-08-01 $420,875 (5.3%) $594,880 (3.4%) 0.00 224
    2022-09-01 $398,250 (1.1%) $584,667 (12.2%) 0.00 236
    2022-10-01 $375,000 (4.5%) $564,798 (16.0%) 0.00 237
    2022-11-01 $371,450 (0.1%) $513,841 (-5.6%) 0.00 226
    2022-12-01 $369,000 (-3.2%) $502,094 (-18.2%) 0.00 205
    2023-01-01 $364,125 (-9.0%) $501,468 (-26.9%) 0.00 179
    2023-02-01 $363,938 (-12.3%) $524,111 (-28.2%) 0.00 149
    2023-03-01 $394,500 (-11.0%) $537,509 (-28.7%) 0.00 147
    2023-04-01 $437,900 (0.1%) $566,451 (-19.5%) 0.00 149
    2023-05-01 $455,000 (5.3%) $610,856 (-4.9%) 0.00 140
    2023-06-01 $463,700 (11.3%) $624,827 (4.9%) 0.00 153
    2023-07-01 $475,000 (17.3%) $631,032 (9.6%) 0.00 171
    2023-08-01 $475,000 (12.9%) $606,734 (2.0%) 0.00 180
    2023-09-01 $455,000 (14.3%) $599,160 (2.5%) 0.00 196
    2023-10-01 $429,250 (14.5%) $559,827 (-0.9%) 0.00 205
    2023-11-01 $420,000 (13.1%) $544,059 (5.9%) 0.00 211
    2023-12-01 $425,000 (15.2%) $530,246 (5.6%) 0.00 189
    2024-01-01 $424,975 (16.7%) $517,484 (3.2%) 0.00 177
    2024-02-01 $422,000 (16.0%) $535,309 (2.1%) 0.00 164
    2024-03-01 $437,500 (10.9%) $522,672 (-2.8%) 0.00 153
    2024-04-01 $452,500 (3.3%) $514,243 (-9.2%) 0.00 172
    2024-05-01 $454,750 (-0.1%) $535,612 (-12.3%) 0.00 200
    2024-06-01 $455,000 (-1.9%) $560,771 (-10.3%) 0.00 222
    2024-07-01 $459,000 (-3.4%) $579,962 (-8.1%) 0.00 236
    2024-08-01 $459,900 (-3.2%) $590,465 (-2.7%) 0.00 253
    2024-09-01 $454,975 (0.0%) $586,060 (-2.2%) 0.00 269
    2024-10-01 $450,000 (4.8%) $572,999 (2.4%) 0.00 288
    2024-11-01 $450,000 (7.1%) $566,469 (4.1%) 0.00 284
    Cañon City's median listing price for 2024-11-01 was $450,000, a difference of $30,000 (7.1%) versus the prior year and $0 versus the prior month.

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

    Cañon City's average listing price for 2024-11-01 was $566,469, a difference of $22,410 (4.1%) versus the prior year and $-6,530 versus the prior month.

    For the 2024-11-01 period, Cañon City had 284 MLS listings, a difference of -4 listings (-1%) versus the prior month and 73 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Cañon City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,075 sqft
    2018-02-01 0 days 2,117 sqft
    2018-03-01 0 days 2,208 sqft
    2018-04-01 0 days 2,342 sqft
    2018-05-01 0 days 2,191 sqft
    2018-06-01 0 days 2,179 sqft
    2018-07-01 0 days 2,140 sqft
    2018-08-01 0 days 2,082 sqft
    2018-09-01 0 days 1,945 sqft
    2018-10-01 0 days 1,997 sqft
    2018-11-01 0 days 1,942 sqft
    2018-12-01 0 days 1,885 sqft
    2019-01-01 0 days 1,843 sqft
    2019-02-01 0 days 2,002 sqft
    2019-03-01 0 days 2,055 sqft
    2019-04-01 0 days 2,054 sqft
    2019-05-01 0 days 1,948 sqft
    2019-06-01 0 days 2,052 sqft
    2019-07-01 0 days 2,074 sqft
    2019-08-01 0 days 2,087 sqft
    2019-09-01 0 days 1,984 sqft
    2019-10-01 0 days 1,904 sqft
    2019-11-01 0 days 1,849 sqft
    2019-12-01 0 days 1,833 sqft
    2020-01-01 0 days 1,772 sqft
    2020-02-01 0 days 1,782 sqft
    2020-03-01 0 days 1,850 sqft
    2020-04-01 0 days 1,938 sqft
    2020-05-01 0 days 2,000 sqft
    2020-06-01 0 days 2,016 sqft
    2020-07-01 0 days 2,089 sqft
    2020-08-01 0 days 2,016 sqft
    2020-09-01 0 days 1,883 sqft
    2020-10-01 0 days 1,824 sqft
    2020-11-01 0 days 2,031 sqft
    2020-12-01 0 days 1,834 sqft
    2021-01-01 0 days 1,712 sqft
    2021-02-01 0 days 1,634 sqft
    2021-03-01 0 days 1,751 sqft
    2021-04-01 0 days 1,598 sqft
    2021-05-01 0 days 1,920 sqft
    2021-06-01 0 days 2,003 sqft
    2021-07-01 0 days 1,969 sqft
    2021-08-01 0 days 1,890 sqft
    2021-09-01 0 days 1,856 sqft
    2021-10-01 0 days 1,826 sqft
    2021-11-01 0 days 1,802 sqft
    2021-12-01 0 days 1,781 sqft
    2022-01-01 0 days 1,863 sqft
    2022-02-01 0 days 1,881 sqft
    2022-03-01 0 days 1,865 sqft
    2022-04-01 0 days 1,870 sqft
    2022-05-01 0 days 1,806 sqft
    2022-06-01 0 days 1,703 sqft
    2022-07-01 0 days 1,693 sqft
    2022-08-01 0 days 1,701 sqft
    2022-09-01 0 days 1,693 sqft
    2022-10-01 0 days 1,667 sqft
    2022-11-01 0 days 1,636 sqft
    2022-12-01 0 days 1,683 sqft
    2023-01-01 0 days 1,644 sqft
    2023-02-01 0 days 1,732 sqft
    2023-03-01 0 days 1,890 sqft
    2023-04-01 0 days 1,981 sqft
    2023-05-01 0 days 2,048 sqft
    2023-06-01 0 days 1,887 sqft
    2023-07-01 0 days 2,085 sqft
    2023-08-01 0 days 2,117 sqft
    2023-09-01 0 days 1,999 sqft
    2023-10-01 0 days 1,858 sqft
    2023-11-01 0 days 1,792 sqft
    2023-12-01 0 days 1,849 sqft
    2024-01-01 0 days 1,782 sqft
    2024-02-01 0 days 1,781 sqft
    2024-03-01 0 days 1,756 sqft
    2024-04-01 0 days 1,845 sqft
    2024-05-01 0 days 1,862 sqft
    2024-06-01 0 days 1,804 sqft
    2024-07-01 0 days 1,805 sqft
    2024-08-01 0 days 1,908 sqft
    2024-09-01 0 days 1,882 sqft
    2024-10-01 0 days 1,853 sqft
    2024-11-01 0 days 1,892 sqft
    Cañon City's median listing age (time on market) for 2024-11-01 was 0 days.

    Cañon City's median square footage for active listings during the 2024-11-01 period was 1,892 sqft. One year prior, the average listing was 1,792 sqft.