Deming USDA Loan Rates, Closing Costs & Stats

Deming, NM

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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.

    Deming's 1 lenders originated 2 USDA loans during 2023. The total origination value was $330,000, with an average USDA loan value of $165,000.

    Deming USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Deming averaged 6.16% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Deming's average USDA mortgage closing costs are $4,864.

    The average rate for the prior week (2024-12-06) was 6.3% and one month ago for the week of 2024-11-08, the average rate was 6.31%.

    The average rate one year ago was 6.58%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.5%.

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

    Deming 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 Deming level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    TIB The Independent Bankersbank 2 6.25% $6,225

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Deming (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 $125,000 (0.8%) $164,749 (21.7%) 0.00 152
    2018-02-01 $126,600 (1.3%) $166,741 (22.3%) 0.00 143
    2018-03-01 $126,750 (3.7%) $177,070 (27.3%) 0.00 143
    2018-04-01 $125,248 (4.5%) $162,646 (17.8%) 0.00 144
    2018-05-01 $127,700 (5.6%) $207,969 (46.6%) 0.00 142
    2018-06-01 $139,700 (11.8%) $218,622 (50.9%) 0.00 128
    2018-07-01 $135,000 (8.0%) $209,873 (42.6%) 0.00 139
    2018-08-01 $128,700 (3.0%) $207,670 (41.3%) 0.00 139
    2018-09-01 $127,900 (4.9%) $219,601 (52.3%) 0.00 132
    2018-10-01 $135,625 (7.0%) $202,333 (24.2%) 0.00 131
    2018-11-01 $131,825 (2.9%) $169,538 (3.9%) 0.00 131
    2018-12-01 $129,950 (4.0%) $166,144 (2.9%) 0.00 137
    2019-01-01 $128,950 (3.2%) $165,051 (0.2%) 0.00 138
    2019-02-01 $129,950 (2.7%) $166,584 (-0.1%) 0.00 135
    2019-03-01 $132,000 (4.1%) $192,005 (8.4%) 0.00 133
    2019-04-01 $128,000 (2.2%) $189,332 (16.4%) 0.00 136
    2019-05-01 $129,425 (1.4%) $189,444 (-8.9%) 0.00 143
    2019-06-01 $130,000 (-6.9%) $191,181 (-12.6%) 0.00 141
    2019-07-01 $135,125 (0.1%) $226,287 (7.8%) 0.00 147
    2019-08-01 $136,364 (6.0%) $212,873 (2.5%) 0.00 136
    2019-09-01 $138,409 (8.2%) $197,364 (-10.1%) 0.00 130
    2019-10-01 $140,000 (3.2%) $208,228 (2.9%) 0.00 126
    2019-11-01 $140,000 (6.2%) $149,377 (-11.9%) 0.00 129
    2019-12-01 $139,900 (7.7%) $150,584 (-9.4%) 0.00 120
    2020-01-01 $137,475 (6.6%) $152,301 (-7.7%) 0.00 115
    2020-02-01 $137,450 (5.8%) $152,333 (-8.6%) 0.00 117
    2020-03-01 $150,325 (13.9%) $164,635 (-14.3%) 0.00 109
    2020-04-01 $155,000 (21.1%) $168,239 (-11.1%) 0.00 98
    2020-05-01 $168,000 (29.8%) $168,714 (-10.9%) 0.00 93
    2020-06-01 $156,175 (20.1%) $164,109 (-14.2%) 0.00 90
    2020-07-01 $149,300 (10.5%) $162,473 (-28.2%) 0.00 84
    2020-08-01 $147,450 (8.1%) $162,951 (-23.5%) 0.00 87
    2020-09-01 $151,450 (9.4%) $173,660 (-12.0%) 0.00 81
    2020-10-01 $157,000 (12.1%) $178,057 (-14.5%) 0.00 73
    2020-11-01 $148,950 (6.4%) $173,231 (16.0%) 0.00 72
    2020-12-01 $157,450 (12.5%) $178,789 (18.7%) 0.00 67
    2021-01-01 $166,000 (20.8%) $184,896 (21.4%) 0.00 65
    2021-02-01 $165,625 (20.5%) $180,663 (18.6%) 0.00 59
    2021-03-01 $162,425 (8.1%) $172,276 (4.6%) 0.00 58
    2021-04-01 $159,500 (2.9%) $171,999 (2.2%) 0.00 55
    2021-05-01 $157,500 (-6.3%) $167,097 (-1.0%) 0.00 49
    2021-06-01 $167,400 (7.2%) $178,508 (8.8%) 0.00 57
    2021-07-01 $167,500 (12.2%) $182,039 (12.0%) 0.00 69
    2021-08-01 $162,750 (10.4%) $182,245 (11.8%) 0.00 70
    2021-09-01 $167,500 (10.6%) $188,119 (8.3%) 0.00 64
    2021-10-01 $168,900 (7.6%) $203,655 (14.4%) 0.00 62
    2021-11-01 $171,175 (14.9%) $205,237 (18.5%) 0.00 60
    2021-12-01 $160,000 (1.6%) $192,122 (7.5%) 0.00 55
    2022-01-01 $169,000 (1.8%) $193,032 (4.4%) 0.00 46
    2022-02-01 $169,450 (2.3%) $191,460 (6.0%) 0.00 43
    2022-03-01 $169,000 (4.1%) $187,583 (8.9%) 0.00 45
    2022-04-01 $154,900 (-2.9%) $177,982 (3.5%) 0.00 34
    2022-05-01 $165,900 (5.3%) $184,640 (10.5%) 0.00 29
    2022-06-01 $160,000 (-4.4%) $190,837 (6.9%) 0.00 32
    2022-07-01 $160,000 (-4.5%) $186,005 (2.2%) 0.00 35
    2022-08-01 $175,000 (7.5%) $183,739 (0.8%) 0.00 31
    2022-09-01 $172,450 (3.0%) $184,095 (-2.1%) 0.00 39
    2022-10-01 $168,950 (0.0%) $215,245 (5.7%) 0.00 38
    2022-11-01 $174,750 (2.1%) $233,871 (14.0%) 0.00 33
    2022-12-01 $171,950 (7.5%) $232,500 (21.0%) 0.00 32
    2023-01-01 $177,000 (4.7%) $253,969 (31.6%) 0.00 33
    2023-02-01 $222,000 (31.0%) $261,632 (36.7%) 0.00 34
    2023-03-01 $189,000 (11.8%) $239,485 (27.7%) 0.00 35
    2023-04-01 $189,000 (22.0%) $234,063 (31.5%) 0.00 34
    2023-05-01 $188,875 (13.9%) $230,726 (25.0%) 0.00 33
    2023-06-01 $215,000 (34.4%) $248,433 (30.2%) 0.00 39
    2023-07-01 $230,000 (43.8%) $247,408 (33.0%) 0.00 36
    2023-08-01 $235,000 (34.3%) $245,688 (33.7%) 0.00 50
    2023-09-01 $240,000 (39.2%) $261,719 (42.2%) 0.00 54
    2023-10-01 $252,475 (49.4%) $330,917 (53.7%) 0.00 47
    2023-11-01 $249,350 (42.7%) $321,853 (37.6%) 0.00 48
    2023-12-01 $229,000 (33.2%) $320,115 (37.7%) 0.00 45
    2024-01-01 $248,000 (40.1%) $361,366 (42.3%) 0.00 41
    2024-02-01 $248,875 (12.1%) $362,901 (38.7%) 0.00 37
    2024-03-01 $250,000 (32.3%) $361,742 (51.1%) 0.00 42
    2024-04-01 $226,750 (20.0%) $339,017 (44.8%) 0.00 37
    2024-05-01 $218,500 (15.7%) $343,585 (48.9%) 0.00 37
    2024-06-01 $220,000 (2.3%) $346,580 (39.5%) 0.00 41
    2024-07-01 $234,500 (2.0%) $348,038 (40.7%) 0.00 54
    2024-08-01 $250,000 (6.4%) $367,822 (49.7%) 0.00 54
    2024-09-01 $255,000 (6.3%) $388,831 (48.6%) 0.00 49
    2024-10-01 $237,000 (-6.1%) $316,810 (-4.3%) 0.00 51
    2024-11-01 $225,000 (-9.8%) $306,645 (-4.7%) 0.00 51
    Deming's median listing price for 2024-11-01 was $225,000, a difference of $-24,350 (-9.8%) versus the prior year and $-12,000 versus the prior month.

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

    Deming's average listing price for 2024-11-01 was $306,645, a difference of $-15,208 (-4.7%) versus the prior year and $-10,165 versus the prior month.

    For the 2024-11-01 period, Deming had 51 MLS listings, a difference of 0 listings (0%) versus the prior month and 3 listings (6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Deming (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,722 sqft
    2018-02-01 0 days 1,736 sqft
    2018-03-01 0 days 1,678 sqft
    2018-04-01 0 days 1,677 sqft
    2018-05-01 0 days 1,679 sqft
    2018-06-01 0 days 1,701 sqft
    2018-07-01 0 days 1,663 sqft
    2018-08-01 0 days 1,653 sqft
    2018-09-01 0 days 1,599 sqft
    2018-10-01 0 days 1,659 sqft
    2018-11-01 0 days 1,647 sqft
    2018-12-01 0 days 1,640 sqft
    2019-01-01 0 days 1,632 sqft
    2019-02-01 0 days 1,646 sqft
    2019-03-01 0 days 1,609 sqft
    2019-04-01 0 days 1,605 sqft
    2019-05-01 0 days 1,637 sqft
    2019-06-01 0 days 1,635 sqft
    2019-07-01 0 days 1,645 sqft
    2019-08-01 0 days 1,643 sqft
    2019-09-01 0 days 1,677 sqft
    2019-10-01 0 days 1,707 sqft
    2019-11-01 0 days 1,697 sqft
    2019-12-01 0 days 1,658 sqft
    2020-01-01 0 days 1,679 sqft
    2020-02-01 0 days 1,598 sqft
    2020-03-01 0 days 1,736 sqft
    2020-04-01 0 days 1,772 sqft
    2020-05-01 0 days 1,826 sqft
    2020-06-01 0 days 1,805 sqft
    2020-07-01 0 days 1,785 sqft
    2020-08-01 0 days 1,724 sqft
    2020-09-01 0 days 1,761 sqft
    2020-10-01 0 days 1,760 sqft
    2020-11-01 0 days 1,792 sqft
    2020-12-01 0 days 1,861 sqft
    2021-01-01 0 days 1,957 sqft
    2021-02-01 0 days 1,941 sqft
    2021-03-01 0 days 1,960 sqft
    2021-04-01 0 days 1,960 sqft
    2021-05-01 0 days 1,904 sqft
    2021-06-01 0 days 1,760 sqft
    2021-07-01 0 days 1,784 sqft
    2021-08-01 0 days 1,698 sqft
    2021-09-01 0 days 1,759 sqft
    2021-10-01 0 days 1,899 sqft
    2021-11-01 0 days 1,891 sqft
    2021-12-01 0 days 1,730 sqft
    2022-01-01 0 days 1,744 sqft
    2022-02-01 0 days 1,706 sqft
    2022-03-01 0 days 1,834 sqft
    2022-04-01 0 days 1,660 sqft
    2022-05-01 0 days 1,754 sqft
    2022-06-01 0 days 1,713 sqft
    2022-07-01 0 days 1,752 sqft
    2022-08-01 0 days 1,614 sqft
    2022-09-01 0 days 1,615 sqft
    2022-10-01 0 days 1,743 sqft
    2022-11-01 0 days 1,826 sqft
    2022-12-01 0 days 1,800 sqft
    2023-01-01 0 days 1,895 sqft
    2023-02-01 0 days 1,919 sqft
    2023-03-01 0 days 1,725 sqft
    2023-04-01 0 days 1,800 sqft
    2023-05-01 0 days 1,925 sqft
    2023-06-01 0 days 1,906 sqft
    2023-07-01 0 days 1,897 sqft
    2023-08-01 0 days 1,912 sqft
    2023-09-01 0 days 1,891 sqft
    2023-10-01 0 days 1,944 sqft
    2023-11-01 0 days 1,933 sqft
    2023-12-01 0 days 1,850 sqft
    2024-01-01 0 days 1,968 sqft
    2024-02-01 0 days 2,015 sqft
    2024-03-01 0 days 1,922 sqft
    2024-04-01 0 days 1,780 sqft
    2024-05-01 0 days 1,841 sqft
    2024-06-01 0 days 1,845 sqft
    2024-07-01 0 days 1,809 sqft
    2024-08-01 0 days 1,762 sqft
    2024-09-01 0 days 1,858 sqft
    2024-10-01 0 days 1,892 sqft
    2024-11-01 0 days 1,780 sqft
    Deming's median listing age (time on market) for 2024-11-01 was 0 days.

    Deming's median square footage for active listings during the 2024-11-01 period was 1,780 sqft. One year prior, the average listing was 1,933 sqft.