Deming USDA Loan Rates, Closing Costs & Stats

Deming, NM

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 6.63% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

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

The average rate for the prior week (2024-03-15) was 6.35% and one month ago for the week of 2024-02-16, the average rate was 6.64%.

The average rate one year ago was 6.23%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.77%.

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
Deming's median listing price for 2024-02-01 was $248,875, a difference of $26,875 (12.1%) versus the prior year and $875 versus the prior month.

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

Deming's average listing price for 2024-02-01 was $362,901, a difference of $101,269 (38.7%) versus the prior year and $1,535 versus the prior month.

For the 2024-02-01 period, Deming had 37 MLS listings, a difference of -4 listings (-10%) versus the prior month and 3 listings (9%) 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
Deming's median listing age (time on market) for 2024-02-01 was 0 days.

Deming's median square footage for active listings during the 2024-02-01 period was 2,015 sqft. One year prior, the average listing was 1,919 sqft.