Denver USDA Loans
DENVER-AURORA-LAKEWOOD, CO
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.
Denver's 26 lenders originated 218 USDA loans during 2021. The total origination value was $109,950,000, with an average USDA loan value of $504,358.
Denver USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Denver
averaged
5.05%
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
5.48% and
one month ago for the week of 2022-04-08, the
average rate was 4.74%.
The average rate one year ago was 2.86%.
For refis of the same type during the week of 2022-05-13, the average rate
was 4.86%.
Denver 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 Denver level.
The top Denver USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
21 USDA loans originated. Their average total fees are
$8,229, which is $302
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Denver USDA lenders (with over 10 loans originated) are
CROSSCOUNTRY MORTGAGE, LLC ($8,229), .
The lowest rate Denver USDA lenders (with over 10 loans originated) are
CROSSCOUNTRY MORTGAGE, LLC (2.93%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Denver (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 | $546,570 (3.3%) | $744,822 (2.8%) | 2.01 | 4,110 |
2018-02-01 | $549,450 (2.4%) | $753,738 (1.9%) | 1.98 | 4,264 |
2018-03-01 | $547,495 (-0.3%) | $758,267 (1.8%) | 1.89 | 4,628 |
2018-04-01 | $549,300 (1.9%) | $759,255 (4.6%) | 1.84 | 5,087 |
2018-05-01 | $535,750 (1.2%) | $742,102 (3.8%) | 1.79 | 5,670 |
2018-06-01 | $525,000 (0.0%) | $721,096 (2.6%) | 1.75 | 6,741 |
2018-07-01 | $502,498 (-2.4%) | $694,290 (0.3%) | 1.68 | 7,467 |
2018-08-01 | $495,600 (-0.9%) | $676,140 (-0.5%) | 1.66 | 7,798 |
2018-09-01 | $492,400 (-1.5%) | $667,257 (-1.7%) | 1.65 | 8,273 |
2018-10-01 | $480,000 (-4.0%) | $648,474 (-5.0%) | 1.61 | 8,464 |
2018-11-01 | $475,000 (-7.4%) | $639,865 (-8.9%) | 1.59 | 8,137 |
2018-12-01 | $479,999 (-10.8%) | $650,498 (-11.4%) | 1.64 | 6,560 |
2019-01-01 | $491,950 (-10.0%) | $661,317 (-11.2%) | 1.70 | 5,753 |
2019-02-01 | $499,500 (-9.1%) | $675,430 (-10.4%) | 1.67 | 5,766 |
2019-03-01 | $516,143 (-5.7%) | $689,065 (-9.1%) | 1.68 | 6,186 |
2019-04-01 | $524,500 (-4.5%) | $696,137 (-8.3%) | 1.65 | 6,733 |
2019-05-01 | $518,938 (-3.1%) | $679,586 (-8.4%) | 1.60 | 7,770 |
2019-06-01 | $518,000 (-1.3%) | $670,909 (-7.0%) | 1.59 | 8,716 |
2019-07-01 | $500,000 (-0.5%) | $660,323 (-4.9%) | 1.55 | 9,246 |
2019-08-01 | $499,951 (0.9%) | $658,699 (-2.6%) | 1.57 | 9,013 |
2019-09-01 | $499,450 (1.4%) | $657,690 (-1.4%) | 1.59 | 8,814 |
2019-10-01 | $495,000 (3.1%) | $656,004 (1.2%) | 1.58 | 8,782 |
2019-11-01 | $497,500 (4.7%) | $669,672 (4.7%) | 1.61 | 7,489 |
2019-12-01 | $497,950 (3.7%) | $680,171 (4.6%) | 1.66 | 6,379 |
2020-01-01 | $532,249 (8.2%) | $748,446 (13.2%) | 1.77 | 4,048 |
2020-02-01 | $561,300 (12.4%) | $791,748 (17.2%) | 1.81 | 3,655 |
2020-03-01 | $564,950 (9.5%) | $796,461 (15.6%) | 1.77 | 4,337 |
2020-04-01 | $547,000 (4.3%) | $736,906 (5.9%) | 1.70 | 5,103 |
2020-05-01 | $549,000 (5.8%) | $734,735 (8.1%) | 1.66 | 6,055 |
2020-06-01 | $547,000 (5.6%) | $734,420 (9.5%) | 1.60 | 6,670 |
2020-07-01 | $545,050 (9.0%) | $745,805 (13.0%) | 1.56 | 6,169 |
2020-08-01 | $539,900 (8.0%) | $755,974 (14.8%) | 1.54 | 5,804 |
2020-09-01 | $522,450 (4.6%) | $760,354 (15.6%) | 1.49 | 5,451 |
2020-10-01 | $519,900 (5.0%) | $762,124 (16.2%) | 1.49 | 4,879 |
2020-11-01 | $522,500 (5.0%) | $792,109 (18.3%) | 1.50 | 3,972 |
2020-12-01 | $536,292 (7.7%) | $819,898 (20.5%) | 1.57 | 2,927 |
2021-01-01 | $529,000 (-0.6%) | $833,923 (11.4%) | 1.56 | 2,293 |
2021-02-01 | $549,900 (-2.0%) | $859,898 (8.6%) | 1.58 | 2,100 |
2021-03-01 | $557,500 (-1.3%) | $876,447 (10.0%) | 1.56 | 2,200 |
2021-04-01 | $575,000 (5.1%) | $909,671 (23.4%) | 1.55 | 2,177 |
2021-05-01 | $599,000 (9.1%) | $917,319 (24.9%) | 1.58 | 2,257 |
2021-06-01 | $599,995 (9.7%) | $896,291 (22.0%) | 1.56 | 3,036 |
2021-07-01 | $600,000 (10.1%) | $873,356 (17.1%) | 1.56 | 3,630 |
2021-08-01 | $600,000 (11.1%) | $856,645 (13.3%) | 1.58 | 3,805 |
2021-09-01 | $600,000 (14.8%) | $855,096 (12.5%) | 1.58 | 3,783 |
2021-10-01 | $620,000 (19.3%) | $862,422 (13.2%) | 1.63 | 3,506 |
2021-11-01 | $622,135 (19.1%) | $879,008 (11.0%) | 1.64 | 2,714 |
2021-12-01 | $629,950 (17.5%) | $909,868 (11.0%) | 1.68 | 1,864 |
2022-01-01 | $639,900 (21.0%) | $1,006,692 (20.7%) | 1.71 | 1,384 |
2022-02-01 | $649,500 (18.1%) | $990,150 (15.2%) | 1.66 | 1,468 |
2022-03-01 | $662,500 (18.8%) | $977,545 (11.5%) | 1.64 | 1,787 |
2022-04-01 | $675,000 (17.4%) | $965,798 (6.2%) | 1.59 | 2,293 |
Denver's median listing price comes in at 159% of the national average.
Denver's average listing price for 2022-04-01 was $965,798, a difference of $56,127 (6.2%) versus the prior year and $-11,747 versus the prior month.
For the 2022-04-01 period, Denver had 2,293 MLS listings, a difference of 506 listings (28%) versus the prior month and 116 listings (5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Denver (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 55 days | 2,963 sqft |
2018-02-01 | 33 days | 3,007 sqft |
2018-03-01 | 25 days | 2,976 sqft |
2018-04-01 | 24 days | 2,977 sqft |
2018-05-01 | 23 days | 2,922 sqft |
2018-06-01 | 25 days | 2,856 sqft |
2018-07-01 | 30 days | 2,756 sqft |
2018-08-01 | 35 days | 2,674 sqft |
2018-09-01 | 37 days | 2,640 sqft |
2018-10-01 | 38 days | 2,532 sqft |
2018-11-01 | 44 days | 2,508 sqft |
2018-12-01 | 57 days | 2,520 sqft |
2019-01-01 | 60 days | 2,526 sqft |
2019-02-01 | 33 days | 2,549 sqft |
2019-03-01 | 35 days | 2,604 sqft |
2019-04-01 | 30 days | 2,645 sqft |
2019-05-01 | 29 days | 2,614 sqft |
2019-06-01 | 33 days | 2,601 sqft |
2019-07-01 | 36 days | 2,542 sqft |
2019-08-01 | 43 days | 2,497 sqft |
2019-09-01 | 43 days | 2,442 sqft |
2019-10-01 | 43 days | 2,437 sqft |
2019-11-01 | 50 days | 2,420 sqft |
2019-12-01 | 60 days | 2,335 sqft |
2020-01-01 | 63 days | 2,594 sqft |
2020-02-01 | 37 days | 2,909 sqft |
2020-03-01 | 24 days | 2,824 sqft |
2020-04-01 | 33 days | 2,703 sqft |
2020-05-01 | 40 days | 2,740 sqft |
2020-06-01 | 36 days | 2,541 sqft |
2020-07-01 | 36 days | 2,450 sqft |
2020-08-01 | 35 days | 2,296 sqft |
2020-09-01 | 35 days | 2,163 sqft |
2020-10-01 | 35 days | 2,043 sqft |
2020-11-01 | 43 days | 1,951 sqft |
2020-12-01 | 54 days | 1,920 sqft |
2021-01-01 | 49 days | 1,878 sqft |
2021-02-01 | 22 days | 1,973 sqft |
2021-03-01 | 15 days | 2,056 sqft |
2021-04-01 | 13 days | 2,188 sqft |
2021-05-01 | 12 days | 2,234 sqft |
2021-06-01 | 11 days | 2,263 sqft |
2021-07-01 | 17 days | 2,281 sqft |
2021-08-01 | 22 days | 2,231 sqft |
2021-09-01 | 23 days | 2,218 sqft |
2021-10-01 | 28 days | 2,248 sqft |
2021-11-01 | 33 days | 2,232 sqft |
2021-12-01 | 46 days | 2,197 sqft |
2022-01-01 | 35 days | 2,192 sqft |
2022-02-01 | 9 days | 2,213 sqft |
2022-03-01 | 9 days | 2,293 sqft |
2022-04-01 | 8 days | 2,306 sqft |
Denver's median square footage for active listings during the 2022-04-01 period was 2,306 sqft. One year prior, the average listing was 2,188 sqft.