Cheyenne USDA Loan Rates, Closing Costs & Stats

CHEYENNE, WY

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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.

    Cheyenne's 2 lenders originated 2 USDA loans during 2023. The total origination value was $730,000, with an average USDA loan value of $365,000.

    Cheyenne USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Cheyenne averaged 6.51% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Cheyenne's average USDA mortgage closing costs are $6,791.

    The average rate for the prior week (2024-04-12) was 6.56% and one month ago for the week of 2024-03-15, the average rate was 6.15%.

    The average rate one year ago was 6.08%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

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

    Cheyenne 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 Cheyenne level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.13% $15,106
    Pinnacle Bank - Wyoming 1 5.50% $8,558

    The top Cheyenne USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 1 USDA loans originated. Their average total fees are $15,106, which is $6,549 higher than the next largest lender, Pinnacle Bank - Wyoming.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Cheyenne (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 $310,000 (11.4%) $341,884 (11.2%) 0.00 309
    2018-02-01 $315,750 (8.1%) $344,970 (10.7%) 0.00 299
    2018-03-01 $299,900 (-1.7%) $343,410 (5.8%) 0.00 314
    2018-04-01 $292,200 (-2.6%) $341,812 (4.1%) 0.00 337
    2018-05-01 $300,000 (1.7%) $344,735 (5.6%) 0.00 352
    2018-06-01 $299,900 (4.7%) $343,035 (8.0%) 0.00 364
    2018-07-01 $299,800 (5.0%) $343,947 (7.3%) 0.00 373
    2018-08-01 $290,358 (1.2%) $336,157 (6.4%) 0.00 388
    2018-09-01 $290,358 (0.2%) $334,333 (3.4%) 0.00 371
    2018-10-01 $289,650 (1.5%) $329,823 (4.5%) 0.00 347
    2018-11-01 $289,950 (1.3%) $332,810 (3.1%) 0.00 328
    2018-12-01 $285,000 (-1.4%) $327,963 (-0.8%) 0.00 324
    2019-01-01 $290,428 (-6.3%) $327,571 (-4.2%) 0.00 277
    2019-02-01 $295,800 (-6.3%) $334,416 (-3.1%) 0.00 218
    2019-03-01 $292,871 (-2.3%) $337,730 (-1.7%) 0.00 229
    2019-04-01 $306,250 (4.8%) $344,981 (0.9%) 0.00 257
    2019-05-01 $325,810 (8.6%) $353,527 (2.6%) 0.00 241
    2019-06-01 $352,900 (17.7%) $368,033 (7.3%) 0.00 224
    2019-07-01 $339,650 (13.3%) $371,946 (8.1%) 0.00 235
    2019-08-01 $333,218 (14.8%) $371,955 (10.7%) 0.00 259
    2019-09-01 $334,220 (15.1%) $369,336 (10.5%) 0.00 298
    2019-10-01 $335,000 (15.7%) $367,589 (11.5%) 0.00 320
    2019-11-01 $340,200 (17.3%) $367,858 (10.5%) 0.00 268
    2019-12-01 $343,500 (20.5%) $371,807 (13.4%) 0.00 246
    2020-01-01 $341,125 (17.5%) $369,036 (12.7%) 0.00 220
    2020-02-01 $358,000 (21.0%) $374,196 (11.9%) 0.00 201
    2020-03-01 $369,450 (26.2%) $391,702 (16.0%) 0.00 217
    2020-04-01 $364,725 (19.1%) $380,675 (10.4%) 0.00 265
    2020-05-01 $365,500 (12.2%) $389,650 (10.2%) 0.00 262
    2020-06-01 $370,250 (4.9%) $389,665 (5.9%) 0.00 276
    2020-07-01 $373,300 (9.9%) $394,091 (6.0%) 0.00 289
    2020-08-01 $372,475 (11.8%) $389,563 (4.7%) 0.00 267
    2020-09-01 $360,625 (7.9%) $386,973 (4.8%) 0.00 241
    2020-10-01 $353,000 (5.4%) $387,131 (5.3%) 0.00 245
    2020-11-01 $341,400 (0.4%) $396,981 (7.9%) 0.00 206
    2020-12-01 $374,950 (9.2%) $406,685 (9.4%) 0.00 169
    2021-01-01 $435,000 (27.5%) $421,645 (14.3%) 0.00 119
    2021-02-01 $454,450 (26.9%) $450,881 (20.5%) 0.00 106
    2021-03-01 $423,725 (14.7%) $421,841 (7.7%) 0.00 101
    2021-04-01 $392,250 (7.6%) $402,105 (5.6%) 0.00 106
    2021-05-01 $399,900 (9.4%) $425,605 (9.2%) 0.00 98
    2021-06-01 $408,750 (10.4%) $445,028 (14.2%) 0.00 117
    2021-07-01 $435,000 (16.5%) $465,826 (18.2%) 0.00 133
    2021-08-01 $408,750 (9.7%) $468,802 (20.3%) 0.00 151
    2021-09-01 $372,250 (3.2%) $445,972 (15.3%) 0.00 163
    2021-10-01 $375,000 (6.2%) $431,766 (11.5%) 0.00 186
    2021-11-01 $377,475 (10.6%) $433,060 (9.1%) 0.00 182
    2021-12-01 $439,000 (17.1%) $451,944 (11.1%) 0.00 171
    2022-01-01 $482,500 (10.9%) $481,929 (14.3%) 0.00 125
    2022-02-01 $482,450 (6.2%) $499,757 (10.8%) 0.00 102
    2022-03-01 $522,000 (23.2%) $540,556 (28.1%) 0.00 82
    2022-04-01 $519,950 (32.6%) $527,659 (31.2%) 0.00 90
    2022-05-01 $484,950 (21.3%) $506,085 (18.9%) 0.00 139
    2022-06-01 $437,500 (7.0%) $502,962 (13.0%) 0.00 222
    2022-07-01 $475,000 (9.2%) $513,046 (10.1%) 0.00 324
    2022-08-01 $489,850 (19.8%) $522,553 (11.5%) 0.00 354
    2022-09-01 $488,350 (31.2%) $512,390 (14.9%) 0.00 374
    2022-10-01 $474,900 (26.6%) $509,629 (18.0%) 0.00 387
    2022-11-01 $466,125 (23.5%) $504,656 (16.5%) 0.00 404
    2022-12-01 $467,000 (6.4%) $501,721 (11.0%) 0.00 378
    2023-01-01 $469,675 (-2.7%) $506,840 (5.2%) 0.00 341
    2023-02-01 $498,625 (3.4%) $522,333 (4.5%) 0.00 321
    2023-03-01 $533,150 (2.1%) $539,507 (-0.2%) 0.00 306
    2023-04-01 $540,000 (3.9%) $563,617 (6.8%) 0.00 314
    2023-05-01 $549,100 (13.2%) $568,050 (12.2%) 0.00 321
    2023-06-01 $530,750 (21.3%) $553,377 (10.0%) 0.00 343
    2023-07-01 $500,000 (5.3%) $540,168 (5.3%) 0.00 354
    2023-08-01 $475,000 (-3.0%) $514,726 (-1.5%) 0.00 379
    2023-09-01 $464,900 (-4.8%) $495,912 (-3.2%) 0.00 385
    2023-10-01 $454,781 (-4.2%) $494,899 (-2.9%) 0.00 407
    2023-11-01 $460,000 (-1.3%) $502,169 (-0.5%) 0.00 388
    2023-12-01 $450,000 (-3.6%) $493,001 (-1.7%) 0.00 372
    2024-01-01 $457,000 (-2.7%) $491,741 (-3.0%) 0.00 326
    2024-02-01 $477,475 (-4.2%) $506,414 (-3.1%) 0.00 307
    2024-03-01 $497,000 (-6.8%) $518,141 (-4.0%) 0.00 260
    Cheyenne's median listing price for 2024-03-01 was $497,000, a difference of $-36,150 (-6.8%) versus the prior year and $19,525 versus the prior month.

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

    Cheyenne's average listing price for 2024-03-01 was $518,141, a difference of $-21,366 (-4.0%) versus the prior year and $11,727 versus the prior month.

    For the 2024-03-01 period, Cheyenne had 260 MLS listings, a difference of -47 listings (-15%) versus the prior month and -46 listings (-15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Cheyenne (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,738 sqft
    2018-02-01 0 days 2,757 sqft
    2018-03-01 0 days 2,664 sqft
    2018-04-01 0 days 2,626 sqft
    2018-05-01 0 days 2,626 sqft
    2018-06-01 0 days 2,615 sqft
    2018-07-01 0 days 2,614 sqft
    2018-08-01 0 days 2,566 sqft
    2018-09-01 0 days 2,566 sqft
    2018-10-01 0 days 2,528 sqft
    2018-11-01 0 days 2,511 sqft
    2018-12-01 0 days 2,437 sqft
    2019-01-01 0 days 2,455 sqft
    2019-02-01 0 days 2,529 sqft
    2019-03-01 0 days 2,452 sqft
    2019-04-01 0 days 2,494 sqft
    2019-05-01 0 days 2,518 sqft
    2019-06-01 0 days 2,652 sqft
    2019-07-01 0 days 2,664 sqft
    2019-08-01 0 days 2,537 sqft
    2019-09-01 0 days 2,547 sqft
    2019-10-01 0 days 2,553 sqft
    2019-11-01 0 days 2,608 sqft
    2019-12-01 0 days 2,631 sqft
    2020-01-01 0 days 2,535 sqft
    2020-02-01 0 days 2,652 sqft
    2020-03-01 0 days 2,707 sqft
    2020-04-01 0 days 2,653 sqft
    2020-05-01 0 days 2,663 sqft
    2020-06-01 0 days 2,630 sqft
    2020-07-01 0 days 2,675 sqft
    2020-08-01 0 days 2,714 sqft
    2020-09-01 0 days 2,664 sqft
    2020-10-01 0 days 2,596 sqft
    2020-11-01 0 days 2,518 sqft
    2020-12-01 0 days 2,741 sqft
    2021-01-01 0 days 2,928 sqft
    2021-02-01 0 days 3,010 sqft
    2021-03-01 0 days 2,746 sqft
    2021-04-01 0 days 2,492 sqft
    2021-05-01 0 days 2,680 sqft
    2021-06-01 0 days 2,619 sqft
    2021-07-01 0 days 2,762 sqft
    2021-08-01 0 days 2,478 sqft
    2021-09-01 0 days 2,361 sqft
    2021-10-01 0 days 2,454 sqft
    2021-11-01 0 days 2,478 sqft
    2021-12-01 0 days 2,541 sqft
    2022-01-01 0 days 2,780 sqft
    2022-02-01 0 days 2,780 sqft
    2022-03-01 0 days 2,909 sqft
    2022-04-01 0 days 2,860 sqft
    2022-05-01 0 days 2,765 sqft
    2022-06-01 0 days 2,537 sqft
    2022-07-01 0 days 2,774 sqft
    2022-08-01 0 days 2,844 sqft
    2022-09-01 0 days 2,713 sqft
    2022-10-01 0 days 2,716 sqft
    2022-11-01 0 days 2,768 sqft
    2022-12-01 0 days 2,762 sqft
    2023-01-01 0 days 2,720 sqft
    2023-02-01 0 days 2,820 sqft
    2023-03-01 0 days 2,926 sqft
    2023-04-01 0 days 3,012 sqft
    2023-05-01 0 days 3,005 sqft
    2023-06-01 0 days 2,945 sqft
    2023-07-01 0 days 2,773 sqft
    2023-08-01 0 days 2,662 sqft
    2023-09-01 0 days 2,612 sqft
    2023-10-01 0 days 2,622 sqft
    2023-11-01 0 days 2,663 sqft
    2023-12-01 0 days 2,628 sqft
    2024-01-01 0 days 2,652 sqft
    2024-02-01 0 days 2,683 sqft
    2024-03-01 0 days 2,718 sqft
    Cheyenne's median listing age (time on market) for 2024-03-01 was 0 days.

    Cheyenne's median square footage for active listings during the 2024-03-01 period was 2,718 sqft. One year prior, the average listing was 2,926 sqft.