Cheyenne USDA Loans

CHEYENNE, WY

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 1 lenders originated 1 USDA loans during 2021. The total origination value was $445,000, with an average USDA loan value of $445,000.

Cheyenne USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Cheyenne averaged 5.36% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.09% and one month ago for the week of 2022-04-08, the average rate was 4.95%.

The average rate one year ago was 2.97%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.95%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Cheyenne level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CALIBER HOME LOANS, INC. 1 2.25% $6,405

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 $312,500 (12.3%) $344,508 (12.0%) 0.00 308
2018-02-01 $320,220 (9.5%) $346,870 (11.1%) 0.00 296
2018-03-01 $299,900 (-3.4%) $343,980 (5.7%) 0.00 316
2018-04-01 $292,450 (-4.1%) $342,861 (3.6%) 0.00 343
2018-05-01 $300,000 (0.2%) $345,525 (5.5%) 0.00 358
2018-06-01 $299,900 (4.4%) $342,901 (7.8%) 0.00 364
2018-07-01 $299,950 (4.7%) $347,185 (7.4%) 0.00 377
2018-08-01 $293,400 (1.7%) $340,282 (7.1%) 0.00 390
2018-09-01 $290,205 (-1.6%) $336,321 (3.0%) 0.00 374
2018-10-01 $289,900 (1.0%) $332,230 (4.5%) 0.00 355
2018-11-01 $291,400 (1.6%) $335,688 (3.8%) 0.00 334
2018-12-01 $288,700 (-0.4%) $329,789 (-0.8%) 0.00 335
2019-01-01 $290,750 (-7.0%) $331,040 (-3.9%) 0.00 280
2019-02-01 $296,600 (-7.4%) $339,405 (-2.2%) 0.00 219
2019-03-01 $296,714 (-1.1%) $339,546 (-1.3%) 0.00 228
2019-04-01 $305,714 (4.5%) $342,876 (0.0%) 0.00 259
2019-05-01 $322,500 (7.5%) $351,743 (1.8%) 0.00 245
2019-06-01 $352,900 (17.7%) $365,981 (6.7%) 0.00 230
2019-07-01 $347,000 (15.7%) $372,269 (7.2%) 0.00 240
2019-08-01 $340,357 (16.0%) $376,949 (10.8%) 0.00 253
2019-09-01 $337,635 (16.3%) $376,845 (12.1%) 0.00 287
2019-10-01 $330,000 (13.8%) $366,349 (10.3%) 0.00 334
2019-11-01 $339,900 (16.6%) $366,600 (9.2%) 0.00 268
2019-12-01 $341,500 (18.3%) $368,060 (11.6%) 0.00 249
2020-01-01 $341,450 (17.4%) $366,363 (10.7%) 0.00 222
2020-02-01 $357,000 (20.4%) $372,902 (9.9%) 0.00 205
2020-03-01 $369,400 (24.5%) $390,120 (14.9%) 0.00 221
2020-04-01 $362,850 (18.7%) $380,148 (10.9%) 0.00 269
2020-05-01 $365,500 (13.3%) $385,066 (9.5%) 0.00 265
2020-06-01 $368,300 (4.4%) $388,123 (6.1%) 0.00 280
2020-07-01 $367,400 (5.9%) $389,597 (4.7%) 0.00 298
2020-08-01 $365,000 (7.2%) $385,468 (2.3%) 0.00 274
2020-09-01 $357,450 (5.9%) $383,993 (1.9%) 0.00 245
2020-10-01 $349,900 (6.0%) $385,449 (5.2%) 0.00 250
2020-11-01 $341,450 (0.5%) $398,666 (8.8%) 0.00 210
2020-12-01 $371,400 (8.8%) $408,667 (11.0%) 0.00 173
2021-01-01 $435,000 (27.4%) $421,978 (15.2%) 0.00 121
2021-02-01 $444,900 (24.6%) $448,750 (20.3%) 0.00 110
2021-03-01 $419,075 (13.5%) $420,111 (7.7%) 0.00 99
2021-04-01 $383,500 (5.7%) $396,642 (4.3%) 0.00 107
2021-05-01 $399,900 (9.4%) $418,869 (8.8%) 0.00 99
2021-06-01 $395,000 (7.3%) $435,337 (12.2%) 0.00 117
2021-07-01 $432,000 (17.6%) $460,586 (18.2%) 0.00 133
2021-08-01 $403,900 (10.7%) $460,590 (19.5%) 0.00 149
2021-09-01 $367,450 (2.8%) $439,163 (14.4%) 0.00 165
2021-10-01 $369,000 (5.5%) $429,648 (11.5%) 0.00 189
2021-11-01 $356,450 (4.4%) $422,921 (6.1%) 0.00 184
2021-12-01 $428,500 (15.4%) $445,297 (9.0%) 0.00 173
2022-01-01 $475,000 (9.2%) $479,078 (13.5%) 0.00 125
2022-02-01 $465,000 (4.5%) $487,702 (8.7%) 0.00 107
2022-03-01 $512,000 (22.2%) $524,364 (24.8%) 0.00 87
2022-04-01 $495,000 (29.1%) $516,481 (30.2%) 0.00 92
Cheyenne's median listing price for 2022-04-01 was $495,000, a difference of $111,500 (29.1%) versus the prior year and $-17,000 versus the prior month.

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

Cheyenne's average listing price for 2022-04-01 was $516,481, a difference of $119,839 (30.2%) versus the prior year and $-7,883 versus the prior month.

For the 2022-04-01 period, Cheyenne had 92 MLS listings, a difference of 5 listings (6%) versus the prior month and -15 listings (-14%) 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 2,744 sqft
2018-02-01 0 days 2,793 sqft
2018-03-01 0 days 2,661 sqft
2018-04-01 0 days 2,619 sqft
2018-05-01 0 days 2,623 sqft
2018-06-01 0 days 2,576 sqft
2018-07-01 0 days 2,613 sqft
2018-08-01 0 days 2,568 sqft
2018-09-01 0 days 2,568 sqft
2018-10-01 0 days 2,544 sqft
2018-11-01 0 days 2,548 sqft
2018-12-01 0 days 2,470 sqft
2019-01-01 0 days 2,495 sqft
2019-02-01 0 days 2,568 sqft
2019-03-01 0 days 2,469 sqft
2019-04-01 0 days 2,498 sqft
2019-05-01 0 days 2,515 sqft
2019-06-01 0 days 2,628 sqft
2019-07-01 0 days 2,667 sqft
2019-08-01 0 days 2,541 sqft
2019-09-01 0 days 2,552 sqft
2019-10-01 0 days 2,520 sqft
2019-11-01 0 days 2,576 sqft
2019-12-01 0 days 2,616 sqft
2020-01-01 0 days 2,537 sqft
2020-02-01 0 days 2,652 sqft
2020-03-01 0 days 2,715 sqft
2020-04-01 0 days 2,655 sqft
2020-05-01 0 days 2,658 sqft
2020-06-01 0 days 2,626 sqft
2020-07-01 0 days 2,652 sqft
2020-08-01 0 days 2,652 sqft
2020-09-01 0 days 2,664 sqft
2020-10-01 0 days 2,598 sqft
2020-11-01 0 days 2,507 sqft
2020-12-01 0 days 2,752 sqft
2021-01-01 0 days 2,928 sqft
2021-02-01 0 days 3,014 sqft
2021-03-01 0 days 2,754 sqft
2021-04-01 0 days 2,487 sqft
2021-05-01 0 days 2,704 sqft
2021-06-01 0 days 2,672 sqft
2021-07-01 0 days 2,733 sqft
2021-08-01 0 days 2,510 sqft
2021-09-01 0 days 2,369 sqft
2021-10-01 0 days 2,474 sqft
2021-11-01 0 days 2,452 sqft
2021-12-01 0 days 2,549 sqft
2022-01-01 0 days 2,814 sqft
2022-02-01 0 days 2,761 sqft
2022-03-01 0 days 2,908 sqft
2022-04-01 0 days 2,860 sqft
Cheyenne's median listing age (time on market) for 2022-04-01 was 0 days.

Cheyenne's median square footage for active listings during the 2022-04-01 period was 2,860 sqft. One year prior, the average listing was 2,487 sqft.