Cedar City USDA Loan Rates, Closing Costs & Stats
Cedar City, UT
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.
Cedar City's 10 lenders originated 23 USDA loans during 2023. The total origination value was $7,295,000, with an average USDA loan value of $317,174.
Cedar City USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Cedar City
averaged
6.68%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Cedar City's average USDA mortgage closing costs are $6,369.
The average rate for the prior week (2024-04-12) was
6.53% and
one month ago for the week of 2024-03-15, the
average rate was 6.51%.
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 6.68%.
Cedar 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 Cedar City level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| AMERICAN FINANCIAL NETWORK, INC. | 12 | 5.61% | $12,216 |
| INTERCAP LENDING INC. | 2 | 6.06% | $12,335 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 5.38% | $10,870 |
| GUILD MORTGAGE COMPANY | 1 | 5.63% | $23,360 |
| MOUNTAIN AMERICA | 1 | 6.49% | $12,494 |
| State Bank of Southern Utah | 1 | 6.75% | $2,146 |
| ACADEMY MORTGAGE CORPORATION | 1 | 5.50% | $19,232 |
| VILLAGE CAPITAL MORTGAGE | 1 | 6.25% | $5,834 |
| AXIA FINANCIAL, LLC | 1 | 6.25% | $12,456 |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | 1 | 5.63% | $20,460 |
The top Cedar City USDA lender as defined by loan originations is AMERICAN FINANCIAL NETWORK, INC., with
12 USDA loans originated. Their average total fees are
$12,216, which is $120
lower than the next largest lender,
INTERCAP LENDING INC..
The lowest fee Cedar City USDA lenders (with over 10 loans originated) are
AMERICAN FINANCIAL NETWORK, INC. ($12,216), .
The lowest rate Cedar City USDA lenders (with over 10 loans originated) are
AMERICAN FINANCIAL NETWORK, INC. (5.61%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Cedar 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 | $257,675 (17.2%) | $313,487 (2.5%) | 0.00 | 422 |
| 2018-02-01 | $256,350 (16.3%) | $310,480 (-1.0%) | 0.00 | 444 |
| 2018-03-01 | $249,900 (11.8%) | $304,144 (0.3%) | 0.00 | 449 |
| 2018-04-01 | $253,150 (10.1%) | $314,585 (3.9%) | 0.00 | 472 |
| 2018-05-01 | $254,925 (8.5%) | $314,965 (3.0%) | 0.00 | 492 |
| 2018-06-01 | $265,000 (12.7%) | $326,910 (5.3%) | 0.00 | 510 |
| 2018-07-01 | $261,528 (13.7%) | $328,142 (8.4%) | 0.00 | 540 |
| 2018-08-01 | $255,400 (8.6%) | $329,951 (7.5%) | 0.00 | 514 |
| 2018-09-01 | $263,900 (10.2%) | $338,731 (8.8%) | 0.00 | 494 |
| 2018-10-01 | $249,950 (1.4%) | $326,220 (5.1%) | 0.00 | 482 |
| 2018-11-01 | $252,500 (1.0%) | $314,711 (3.6%) | 0.00 | 460 |
| 2018-12-01 | $249,900 (0.0%) | $306,059 (1.9%) | 0.00 | 437 |
| 2019-01-01 | $255,686 (-0.8%) | $313,952 (0.2%) | 0.00 | 413 |
| 2019-02-01 | $259,450 (1.2%) | $320,792 (3.3%) | 0.00 | 407 |
| 2019-03-01 | $257,043 (2.9%) | $316,006 (3.9%) | 0.00 | 420 |
| 2019-04-01 | $259,900 (2.7%) | $313,865 (-0.2%) | 0.00 | 428 |
| 2019-05-01 | $264,950 (3.9%) | $315,886 (0.3%) | 0.00 | 427 |
| 2019-06-01 | $250,000 (-5.7%) | $314,951 (-3.7%) | 0.00 | 484 |
| 2019-07-01 | $257,975 (-1.4%) | $319,027 (-2.8%) | 0.00 | 491 |
| 2019-08-01 | $259,600 (1.6%) | $320,805 (-2.8%) | 0.00 | 475 |
| 2019-09-01 | $259,825 (-1.5%) | $323,137 (-4.6%) | 0.00 | 450 |
| 2019-10-01 | $263,950 (5.6%) | $324,692 (-0.5%) | 0.00 | 435 |
| 2019-11-01 | $269,000 (6.5%) | $324,957 (3.3%) | 0.00 | 422 |
| 2019-12-01 | $267,500 (7.0%) | $324,673 (6.1%) | 0.00 | 419 |
| 2020-01-01 | $269,000 (5.2%) | $334,734 (6.6%) | 0.00 | 405 |
| 2020-02-01 | $275,000 (6.0%) | $340,510 (6.2%) | 0.00 | 353 |
| 2020-03-01 | $289,450 (12.6%) | $339,423 (7.4%) | 0.00 | 363 |
| 2020-04-01 | $289,950 (11.6%) | $337,706 (7.6%) | 0.00 | 396 |
| 2020-05-01 | $289,900 (9.4%) | $332,571 (5.3%) | 0.00 | 397 |
| 2020-06-01 | $289,821 (15.9%) | $329,638 (4.7%) | 0.00 | 385 |
| 2020-07-01 | $299,250 (16.0%) | $336,580 (5.5%) | 0.00 | 317 |
| 2020-08-01 | $339,000 (30.6%) | $411,999 (28.4%) | 0.00 | 245 |
| 2020-09-01 | $341,225 (31.3%) | $452,954 (40.2%) | 0.00 | 187 |
| 2020-10-01 | $336,950 (27.7%) | $463,225 (42.7%) | 0.00 | 162 |
| 2020-11-01 | $326,950 (21.5%) | $477,689 (47.0%) | 0.00 | 155 |
| 2020-12-01 | $346,250 (29.4%) | $486,574 (49.9%) | 0.00 | 145 |
| 2021-01-01 | $347,000 (29.0%) | $509,930 (52.3%) | 0.00 | 129 |
| 2021-02-01 | $349,950 (27.3%) | $530,863 (55.9%) | 0.00 | 113 |
| 2021-03-01 | $359,900 (24.3%) | $530,969 (56.4%) | 0.00 | 117 |
| 2021-04-01 | $371,725 (28.2%) | $528,486 (56.5%) | 0.00 | 116 |
| 2021-05-01 | $399,900 (37.9%) | $515,393 (55.0%) | 0.00 | 117 |
| 2021-06-01 | $417,450 (44.0%) | $545,215 (65.4%) | 0.00 | 138 |
| 2021-07-01 | $405,900 (35.6%) | $542,178 (61.1%) | 0.00 | 187 |
| 2021-08-01 | $412,475 (21.7%) | $556,207 (35.0%) | 0.00 | 180 |
| 2021-09-01 | $409,725 (20.1%) | $543,610 (20.0%) | 0.00 | 197 |
| 2021-10-01 | $419,900 (24.6%) | $549,857 (18.7%) | 0.00 | 177 |
| 2021-11-01 | $420,750 (28.7%) | $569,434 (19.2%) | 0.00 | 152 |
| 2021-12-01 | $427,725 (23.5%) | $552,931 (13.6%) | 0.00 | 144 |
| 2022-01-01 | $435,000 (25.4%) | $543,805 (6.6%) | 0.00 | 129 |
| 2022-02-01 | $478,500 (36.7%) | $566,653 (6.7%) | 0.00 | 141 |
| 2022-03-01 | $450,000 (25.0%) | $561,831 (5.8%) | 0.00 | 135 |
| 2022-04-01 | $484,450 (30.3%) | $577,227 (9.2%) | 0.00 | 188 |
| 2022-05-01 | $457,450 (14.4%) | $560,199 (8.7%) | 0.00 | 255 |
| 2022-06-01 | $445,750 (6.8%) | $561,489 (3.0%) | 0.00 | 349 |
| 2022-07-01 | $444,800 (9.6%) | $552,420 (1.9%) | 0.00 | 413 |
| 2022-08-01 | $440,000 (6.7%) | $549,585 (-1.2%) | 0.00 | 432 |
| 2022-09-01 | $457,500 (11.7%) | $554,580 (2.0%) | 0.00 | 410 |
| 2022-10-01 | $450,000 (7.2%) | $546,920 (-0.5%) | 0.00 | 385 |
| 2022-11-01 | $439,325 (4.4%) | $534,770 (-6.1%) | 0.00 | 376 |
| 2022-12-01 | $445,000 (4.0%) | $539,229 (-2.5%) | 0.00 | 353 |
| 2023-01-01 | $435,000 (0.0%) | $520,187 (-4.3%) | 0.00 | 308 |
| 2023-02-01 | $433,675 (-9.4%) | $521,626 (-8.0%) | 0.00 | 311 |
| 2023-03-01 | $429,900 (-4.5%) | $518,616 (-7.7%) | 0.00 | 300 |
| 2023-04-01 | $429,900 (-11.3%) | $532,367 (-7.8%) | 0.00 | 311 |
| 2023-05-01 | $431,225 (-5.7%) | $543,608 (-3.0%) | 0.00 | 333 |
| 2023-06-01 | $436,000 (-2.2%) | $545,691 (-2.8%) | 0.00 | 354 |
| 2023-07-01 | $437,500 (-1.6%) | $525,751 (-4.8%) | 0.00 | 380 |
| 2023-08-01 | $433,500 (-1.5%) | $536,854 (-2.3%) | 0.00 | 371 |
| 2023-09-01 | $440,000 (-3.8%) | $547,287 (-1.3%) | 0.00 | 357 |
| 2023-10-01 | $449,925 (0.0%) | $547,783 (0.2%) | 0.00 | 354 |
| 2023-11-01 | $449,200 (2.3%) | $548,284 (2.5%) | 0.00 | 346 |
| 2023-12-01 | $445,950 (0.2%) | $537,557 (-0.3%) | 0.00 | 321 |
| 2024-01-01 | $432,000 (-0.7%) | $492,773 (-5.3%) | 0.00 | 307 |
| 2024-02-01 | $419,500 (-3.3%) | $487,932 (-6.5%) | 0.00 | 316 |
| 2024-03-01 | $429,700 (-0.1%) | $501,772 (-3.3%) | 0.00 | 339 |
Cedar City's median listing price comes in at 0% of the national average.
Cedar City's average listing price for 2024-03-01 was $501,772, a difference of $-16,844 (-3.3%) versus the prior year and $13,840 versus the prior month.
For the 2024-03-01 period, Cedar City had 339 MLS listings, a difference of 23 listings (7%) versus the prior month and 39 listings (13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cedar 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 | 2,089 sqft |
| 2018-02-01 | 0 days | 2,110 sqft |
| 2018-03-01 | 0 days | 2,080 sqft |
| 2018-04-01 | 0 days | 2,104 sqft |
| 2018-05-01 | 0 days | 2,083 sqft |
| 2018-06-01 | 0 days | 2,208 sqft |
| 2018-07-01 | 0 days | 2,106 sqft |
| 2018-08-01 | 0 days | 2,078 sqft |
| 2018-09-01 | 0 days | 2,145 sqft |
| 2018-10-01 | 0 days | 2,077 sqft |
| 2018-11-01 | 0 days | 2,086 sqft |
| 2018-12-01 | 0 days | 2,016 sqft |
| 2019-01-01 | 0 days | 2,084 sqft |
| 2019-02-01 | 0 days | 2,033 sqft |
| 2019-03-01 | 0 days | 1,958 sqft |
| 2019-04-01 | 0 days | 1,951 sqft |
| 2019-05-01 | 0 days | 1,909 sqft |
| 2019-06-01 | 0 days | 1,892 sqft |
| 2019-07-01 | 0 days | 1,868 sqft |
| 2019-08-01 | 0 days | 1,891 sqft |
| 2019-09-01 | 0 days | 1,880 sqft |
| 2019-10-01 | 0 days | 1,902 sqft |
| 2019-11-01 | 0 days | 1,957 sqft |
| 2019-12-01 | 0 days | 1,885 sqft |
| 2020-01-01 | 0 days | 1,898 sqft |
| 2020-02-01 | 0 days | 1,899 sqft |
| 2020-03-01 | 0 days | 1,901 sqft |
| 2020-04-01 | 0 days | 1,907 sqft |
| 2020-05-01 | 0 days | 1,854 sqft |
| 2020-06-01 | 0 days | 1,852 sqft |
| 2020-07-01 | 0 days | 1,960 sqft |
| 2020-08-01 | 0 days | 2,258 sqft |
| 2020-09-01 | 0 days | 2,267 sqft |
| 2020-10-01 | 0 days | 2,209 sqft |
| 2020-11-01 | 0 days | 2,089 sqft |
| 2020-12-01 | 0 days | 2,078 sqft |
| 2021-01-01 | 0 days | 1,899 sqft |
| 2021-02-01 | 0 days | 1,939 sqft |
| 2021-03-01 | 0 days | 2,030 sqft |
| 2021-04-01 | 0 days | 2,017 sqft |
| 2021-05-01 | 0 days | 1,983 sqft |
| 2021-06-01 | 0 days | 2,308 sqft |
| 2021-07-01 | 0 days | 2,118 sqft |
| 2021-08-01 | 0 days | 1,923 sqft |
| 2021-09-01 | 0 days | 1,957 sqft |
| 2021-10-01 | 0 days | 1,810 sqft |
| 2021-11-01 | 0 days | 1,809 sqft |
| 2021-12-01 | 0 days | 1,827 sqft |
| 2022-01-01 | 0 days | 1,843 sqft |
| 2022-02-01 | 0 days | 1,904 sqft |
| 2022-03-01 | 0 days | 1,909 sqft |
| 2022-04-01 | 0 days | 1,927 sqft |
| 2022-05-01 | 0 days | 1,815 sqft |
| 2022-06-01 | 0 days | 1,831 sqft |
| 2022-07-01 | 0 days | 1,824 sqft |
| 2022-08-01 | 0 days | 1,878 sqft |
| 2022-09-01 | 0 days | 1,984 sqft |
| 2022-10-01 | 0 days | 1,950 sqft |
| 2022-11-01 | 0 days | 1,919 sqft |
| 2022-12-01 | 0 days | 1,880 sqft |
| 2023-01-01 | 0 days | 1,842 sqft |
| 2023-02-01 | 0 days | 1,832 sqft |
| 2023-03-01 | 0 days | 1,824 sqft |
| 2023-04-01 | 0 days | 1,810 sqft |
| 2023-05-01 | 0 days | 1,821 sqft |
| 2023-06-01 | 0 days | 1,822 sqft |
| 2023-07-01 | 0 days | 1,800 sqft |
| 2023-08-01 | 0 days | 1,811 sqft |
| 2023-09-01 | 0 days | 1,880 sqft |
| 2023-10-01 | 0 days | 1,864 sqft |
| 2023-11-01 | 0 days | 1,831 sqft |
| 2023-12-01 | 0 days | 1,800 sqft |
| 2024-01-01 | 0 days | 1,797 sqft |
| 2024-02-01 | 0 days | 1,719 sqft |
| 2024-03-01 | 0 days | 1,759 sqft |
Cedar City's median square footage for active listings during the 2024-03-01 period was 1,759 sqft. One year prior, the average listing was 1,824 sqft.