Craig USDA Loan Rates, Closing Costs & Stats

Craig, 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.

    Craig's 3 lenders originated 4 USDA loans during 2023. The total origination value was $1,130,000, with an average USDA loan value of $282,500.

    Craig USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Craig averaged 6.7% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

    Craig's average USDA mortgage closing costs are $5,596.

    The average rate for the prior week (2024-04-05) was 6.82% and one month ago for the week of 2024-03-08, the average rate was 6.48%.

    The average rate one year ago was 6.19%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.51%.

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

    Craig 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 Craig level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.50% $17,579
    CROSSCOUNTRY MORTGAGE, LLC 1 6.13% $7,578
    SUN WEST MORTGAGE COMPANY, INC. 1 4.75% $17,958

    The top Craig USDA lender as defined by loan originations is ARK-LA-TEX FINANCIAL SERVICES, LLC., with 1 USDA loans originated. Their average total fees are $17,579, which is $10,001 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Craig (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 $177,875 (7.9%) $208,768 (7.5%) 0.00 96
    2018-02-01 $169,000 (4.1%) $194,789 (-0.1%) 0.00 95
    2018-03-01 $169,000 (1.2%) $201,163 (-1.6%) 0.00 93
    2018-04-01 $183,500 (8.3%) $212,197 (1.6%) 0.00 90
    2018-05-01 $178,700 (5.2%) $205,786 (-1.3%) 0.00 111
    2018-06-01 $189,000 (8.0%) $208,262 (-0.2%) 0.00 138
    2018-07-01 $186,700 (3.8%) $208,817 (1.0%) 0.00 141
    2018-08-01 $177,450 (0.3%) $211,246 (2.3%) 0.00 148
    2018-09-01 $174,900 (-2.4%) $208,962 (0.5%) 0.00 135
    2018-10-01 $179,675 (0.7%) $215,160 (6.6%) 0.00 121
    2018-11-01 $179,950 (0.1%) $263,780 (30.8%) 0.00 107
    2018-12-01 $169,500 (-5.7%) $258,297 (23.0%) 0.00 95
    2019-01-01 $159,900 (-10.1%) $239,451 (14.7%) 0.00 91
    2019-02-01 $157,925 (-6.6%) $240,781 (23.6%) 0.00 87
    2019-03-01 $174,400 (3.2%) $262,086 (30.3%) 0.00 95
    2019-04-01 $189,500 (3.3%) $283,910 (33.8%) 0.00 103
    2019-05-01 $202,400 (13.3%) $293,331 (42.5%) 0.00 112
    2019-06-01 $195,500 (3.4%) $276,675 (32.9%) 0.00 122
    2019-07-01 $199,900 (7.1%) $274,814 (31.6%) 0.00 136
    2019-08-01 $201,277 (13.4%) $269,696 (27.7%) 0.00 143
    2019-09-01 $203,343 (16.3%) $261,219 (25.0%) 0.00 140
    2019-10-01 $202,195 (12.5%) $256,425 (19.2%) 0.00 135
    2019-11-01 $212,000 (17.8%) $263,282 (-0.2%) 0.00 146
    2019-12-01 $209,900 (23.8%) $268,678 (4.0%) 0.00 130
    2020-01-01 $214,750 (34.3%) $270,997 (13.2%) 0.00 118
    2020-02-01 $222,000 (40.6%) $268,896 (11.7%) 0.00 127
    2020-03-01 $204,900 (17.5%) $252,359 (-3.7%) 0.00 137
    2020-04-01 $209,950 (10.8%) $238,841 (-15.9%) 0.00 132
    2020-05-01 $219,500 (8.5%) $240,907 (-17.9%) 0.00 156
    2020-06-01 $217,000 (11.0%) $252,960 (-8.6%) 0.00 165
    2020-07-01 $219,900 (10.0%) $259,273 (-5.7%) 0.00 174
    2020-08-01 $220,000 (9.3%) $262,649 (-2.6%) 0.00 173
    2020-09-01 $223,700 (10.0%) $272,913 (4.5%) 0.00 173
    2020-10-01 $229,700 (13.6%) $284,350 (10.9%) 0.00 170
    2020-11-01 $237,450 (12.0%) $304,279 (15.6%) 0.00 130
    2020-12-01 $255,300 (21.6%) $322,469 (20.0%) 0.00 107
    2021-01-01 $264,950 (23.4%) $311,355 (14.9%) 0.00 88
    2021-02-01 $255,400 (15.1%) $310,114 (15.3%) 0.00 84
    2021-03-01 $256,450 (25.2%) $319,782 (26.7%) 0.00 88
    2021-04-01 $249,900 (19.0%) $307,879 (28.9%) 0.00 101
    2021-05-01 $244,000 (11.2%) $315,085 (30.8%) 0.00 111
    2021-06-01 $240,000 (10.6%) $314,726 (24.4%) 0.00 102
    2021-07-01 $249,500 (13.5%) $304,493 (17.4%) 0.00 95
    2021-08-01 $262,400 (19.3%) $304,358 (15.9%) 0.00 97
    2021-09-01 $261,200 (16.8%) $429,698 (57.5%) 0.00 96
    2021-10-01 $252,500 (9.9%) $454,195 (59.7%) 0.00 87
    2021-11-01 $249,925 (5.3%) $475,346 (56.2%) 0.00 81
    2021-12-01 $249,125 (-2.4%) $515,618 (59.9%) 0.00 66
    2022-01-01 $239,900 (-9.5%) $536,194 (72.2%) 0.00 58
    2022-02-01 $260,000 (1.8%) $559,059 (80.3%) 0.00 55
    2022-03-01 $276,750 (7.9%) $481,910 (50.7%) 0.00 56
    2022-04-01 $275,000 (10.0%) $378,920 (23.1%) 0.00 64
    2022-05-01 $284,950 (16.8%) $358,908 (13.9%) 0.00 76
    2022-06-01 $306,200 (27.6%) $376,460 (19.6%) 0.00 74
    2022-07-01 $330,950 (32.7%) $419,199 (37.7%) 0.00 70
    2022-08-01 $330,425 (25.9%) $404,801 (33.0%) 0.00 86
    2022-09-01 $329,450 (26.1%) $420,928 (-2.0%) 0.00 81
    2022-10-01 $325,000 (28.7%) $440,551 (-3.0%) 0.00 68
    2022-11-01 $299,900 (20.0%) $425,123 (-10.6%) 0.00 62
    2022-12-01 $295,000 (18.4%) $436,679 (-15.3%) 0.00 54
    2023-01-01 $295,000 (23.0%) $456,844 (-14.8%) 0.00 40
    2023-02-01 $326,000 (25.4%) $494,395 (-11.6%) 0.00 36
    2023-03-01 $296,750 (7.2%) $442,723 (-8.1%) 0.00 45
    2023-04-01 $280,000 (1.8%) $385,552 (1.8%) 0.00 53
    2023-05-01 $331,000 (16.2%) $388,931 (8.4%) 0.00 66
    2023-06-01 $349,225 (14.1%) $489,516 (30.0%) 0.00 80
    2023-07-01 $344,900 (4.2%) $483,358 (15.3%) 0.00 92
    2023-08-01 $351,225 (6.3%) $467,020 (15.4%) 0.00 106
    2023-09-01 $349,900 (6.2%) $551,301 (31.0%) 0.00 90
    2023-10-01 $319,950 (-1.6%) $528,658 (20.0%) 0.00 78
    2023-11-01 $322,400 (7.5%) $520,795 (22.5%) 0.00 68
    2023-12-01 $355,000 (20.3%) $561,136 (28.5%) 0.00 59
    2024-01-01 $325,826 (10.5%) $604,825 (32.4%) 0.00 46
    2024-02-01 $357,000 (9.5%) $647,308 (30.9%) 0.00 42
    2024-03-01 $382,450 (28.9%) $701,705 (58.5%) 0.00 39
    Craig's median listing price for 2024-03-01 was $382,450, a difference of $85,700 (28.9%) versus the prior year and $25,450 versus the prior month.

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

    Craig's average listing price for 2024-03-01 was $701,705, a difference of $258,982 (58.5%) versus the prior year and $54,397 versus the prior month.

    For the 2024-03-01 period, Craig had 39 MLS listings, a difference of -3 listings (-7%) versus the prior month and -6 listings (-13%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Craig (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,650 sqft
    2018-02-01 0 days 1,592 sqft
    2018-03-01 0 days 1,592 sqft
    2018-04-01 0 days 1,645 sqft
    2018-05-01 0 days 1,615 sqft
    2018-06-01 0 days 1,664 sqft
    2018-07-01 0 days 1,660 sqft
    2018-08-01 0 days 1,616 sqft
    2018-09-01 0 days 1,588 sqft
    2018-10-01 0 days 1,602 sqft
    2018-11-01 0 days 1,593 sqft
    2018-12-01 0 days 1,534 sqft
    2019-01-01 0 days 1,620 sqft
    2019-02-01 0 days 1,625 sqft
    2019-03-01 0 days 1,632 sqft
    2019-04-01 0 days 1,651 sqft
    2019-05-01 0 days 1,691 sqft
    2019-06-01 0 days 1,666 sqft
    2019-07-01 0 days 1,692 sqft
    2019-08-01 0 days 1,706 sqft
    2019-09-01 0 days 1,722 sqft
    2019-10-01 0 days 1,737 sqft
    2019-11-01 0 days 1,840 sqft
    2019-12-01 0 days 1,849 sqft
    2020-01-01 0 days 1,925 sqft
    2020-02-01 0 days 1,960 sqft
    2020-03-01 0 days 1,916 sqft
    2020-04-01 0 days 1,926 sqft
    2020-05-01 0 days 1,849 sqft
    2020-06-01 0 days 1,811 sqft
    2020-07-01 0 days 1,849 sqft
    2020-08-01 0 days 1,848 sqft
    2020-09-01 0 days 1,868 sqft
    2020-10-01 0 days 1,872 sqft
    2020-11-01 0 days 1,953 sqft
    2020-12-01 0 days 2,000 sqft
    2021-01-01 0 days 1,975 sqft
    2021-02-01 0 days 1,988 sqft
    2021-03-01 0 days 2,000 sqft
    2021-04-01 0 days 2,000 sqft
    2021-05-01 0 days 1,920 sqft
    2021-06-01 0 days 1,830 sqft
    2021-07-01 0 days 1,840 sqft
    2021-08-01 0 days 1,836 sqft
    2021-09-01 0 days 1,800 sqft
    2021-10-01 0 days 1,732 sqft
    2021-11-01 0 days 1,616 sqft
    2021-12-01 0 days 1,572 sqft
    2022-01-01 0 days 1,473 sqft
    2022-02-01 0 days 1,557 sqft
    2022-03-01 0 days 1,832 sqft
    2022-04-01 0 days 1,632 sqft
    2022-05-01 0 days 1,705 sqft
    2022-06-01 0 days 1,839 sqft
    2022-07-01 0 days 1,920 sqft
    2022-08-01 0 days 1,971 sqft
    2022-09-01 0 days 1,902 sqft
    2022-10-01 0 days 1,848 sqft
    2022-11-01 0 days 1,961 sqft
    2022-12-01 0 days 1,920 sqft
    2023-01-01 0 days 1,706 sqft
    2023-02-01 0 days 1,812 sqft
    2023-03-01 0 days 1,624 sqft
    2023-04-01 0 days 1,394 sqft
    2023-05-01 0 days 1,581 sqft
    2023-06-01 0 days 1,732 sqft
    2023-07-01 0 days 1,705 sqft
    2023-08-01 0 days 1,728 sqft
    2023-09-01 0 days 1,773 sqft
    2023-10-01 0 days 1,575 sqft
    2023-11-01 0 days 1,488 sqft
    2023-12-01 0 days 1,641 sqft
    2024-01-01 0 days 1,630 sqft
    2024-02-01 0 days 1,708 sqft
    2024-03-01 0 days 1,715 sqft
    Craig's median listing age (time on market) for 2024-03-01 was 0 days.

    Craig's median square footage for active listings during the 2024-03-01 period was 1,715 sqft. One year prior, the average listing was 1,624 sqft.