Cheyenne USDA Loan Rates, Closing Costs & Stats
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 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
6.15%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Cheyenne's average USDA mortgage closing costs are $6,791.
The average rate for the prior week (2024-12-06) was
6.19% and
one month ago for the week of 2024-11-08, the
average rate was 6.3%.
The average rate one year ago was 6.37%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.3%.
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. LouisDate | 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 |
2024-04-01 | $499,450 (-7.5%) | $578,308 (2.6%) | 0.00 | 249 |
2024-05-01 | $470,000 (-14.4%) | $578,590 (1.9%) | 0.00 | 243 |
2024-06-01 | $454,700 (-14.3%) | $558,501 (0.9%) | 0.00 | 285 |
2024-07-01 | $454,900 (-9.0%) | $562,389 (4.1%) | 0.00 | 327 |
2024-08-01 | $449,900 (-5.3%) | $555,258 (7.9%) | 0.00 | 343 |
2024-09-01 | $460,600 (-0.9%) | $555,378 (12.0%) | 0.00 | 377 |
2024-10-01 | $461,975 (1.6%) | $546,325 (10.4%) | 0.00 | 392 |
2024-11-01 | $465,000 (1.1%) | $548,062 (9.1%) | 0.00 | 387 |
Cheyenne's median listing price comes in at 0% of the national average.
Cheyenne's average listing price for 2024-11-01 was $548,062, a difference of $45,893 (9.1%) versus the prior year and $1,737 versus the prior month.
For the 2024-11-01 period, Cheyenne had 387 MLS listings, a difference of -5 listings (-1%) versus the prior month and -1 listings (0%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cheyenne (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2024-04-01 | 0 days | 2,713 sqft |
2024-05-01 | 0 days | 2,645 sqft |
2024-06-01 | 0 days | 2,606 sqft |
2024-07-01 | 0 days | 2,619 sqft |
2024-08-01 | 0 days | 2,576 sqft |
2024-09-01 | 0 days | 2,543 sqft |
2024-10-01 | 0 days | 2,548 sqft |
2024-11-01 | 0 days | 2,445 sqft |
Cheyenne's median square footage for active listings during the 2024-11-01 period was 2,445 sqft. One year prior, the average listing was 2,663 sqft.