Denver USDA Loan Rates, Closing Costs & Stats

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 5 lenders originated 9 USDA loans during 2023. The total origination value was $3,725,000, with an average USDA loan value of $413,889.

Denver USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Denver averaged 6.35% for the week of 2024-06-14, compared to the national average (all USDA variants) of 6.709% for the same period.

Denver's average USDA mortgage closing costs are $7,664.

The average rate for the prior week (2024-06-07) was 6.25% and one month ago for the week of 2024-05-10, the average rate was 6.73%.

The average rate one year ago was 6.29%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.85%.

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

Denver 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 Denver level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 4 5.94% $16,507
PLAZA HOME MORTGAGE, INC. 2 6.25% $15,209
AMERICAN FINANCIAL NETWORK, INC. 1 5.63% $14,407
AMERICAN FINANCING CORPORATION 1 5.25% $18,249
BOKF 1 6.63% $8,148

The top Denver USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 4 USDA loans originated. Their average total fees are $16,507, which is $1,299 higher than the next largest lender, PLAZA HOME MORTGAGE, INC..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Denver (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 $521,872 (4.5%) $711,552 (4.1%) 1.93 3,795
2018-02-01 $520,182 (4.0%) $710,322 (3.0%) 1.89 3,928
2018-03-01 $520,000 (4.0%) $713,016 (3.2%) 1.82 4,296
2018-04-01 $545,000 (9.0%) $759,534 (11.4%) 1.85 4,875
2018-05-01 $532,450 (6.5%) $742,087 (10.0%) 1.78 5,451
2018-06-01 $520,000 (4.5%) $717,892 (8.0%) 1.73 6,460
2018-07-01 $499,950 (1.0%) $695,706 (5.1%) 1.67 7,129
2018-08-01 $495,000 (2.2%) $673,093 (2.9%) 1.66 7,431
2018-09-01 $489,000 (0.9%) $663,732 (1.3%) 1.64 7,892
2018-10-01 $479,900 (-1.0%) $645,913 (-1.8%) 1.63 8,098
2018-11-01 $474,950 (-3.9%) $639,484 (-5.4%) 1.61 7,721
2018-12-01 $479,000 (-7.8%) $647,659 (-8.0%) 1.65 6,234
2019-01-01 $487,500 (-6.6%) $656,137 (-7.8%) 1.68 5,452
2019-02-01 $499,750 (-3.9%) $671,896 (-5.4%) 1.69 5,494
2019-03-01 $515,530 (-0.9%) $683,389 (-4.2%) 1.69 5,921
2019-04-01 $523,729 (-3.9%) $689,419 (-9.2%) 1.66 6,478
2019-05-01 $515,000 (-3.3%) $676,682 (-8.8%) 1.61 7,489
2019-06-01 $515,000 (-1.0%) $668,482 (-6.9%) 1.61 8,377
2019-07-01 $500,000 (0.0%) $657,063 (-5.6%) 1.57 8,891
2019-08-01 $498,564 (0.7%) $655,049 (-2.7%) 1.58 8,767
2019-09-01 $496,559 (1.6%) $653,611 (-1.5%) 1.59 8,616
2019-10-01 $495,223 (3.2%) $652,981 (1.1%) 1.60 8,439
2019-11-01 $499,000 (5.1%) $666,656 (4.3%) 1.64 7,183
2019-12-01 $497,495 (3.9%) $674,594 (4.2%) 1.66 6,118
2020-01-01 $527,480 (8.2%) $736,167 (12.2%) 1.76 3,875
2020-02-01 $550,000 (10.1%) $778,147 (15.8%) 1.80 3,604
2020-03-01 $555,212 (7.7%) $781,941 (14.4%) 1.74 4,292
2020-04-01 $542,500 (3.6%) $729,462 (5.8%) 1.70 4,933
2020-05-01 $545,000 (5.8%) $728,600 (7.7%) 1.66 5,843
2020-06-01 $547,000 (6.2%) $734,370 (9.9%) 1.61 6,523
2020-07-01 $540,075 (8.0%) $739,959 (12.6%) 1.57 6,040
2020-08-01 $539,000 (8.1%) $747,040 (14.0%) 1.54 5,747
2020-09-01 $522,000 (5.1%) $749,906 (14.7%) 1.50 5,359
2020-10-01 $515,000 (4.0%) $750,748 (15.0%) 1.48 4,860
2020-11-01 $519,900 (4.2%) $770,181 (15.5%) 1.52 3,921
2020-12-01 $530,900 (6.7%) $802,140 (18.9%) 1.58 2,899
2021-01-01 $525,000 (-0.5%) $814,286 (10.6%) 1.57 2,290
2021-02-01 $539,849 (-1.9%) $828,665 (6.5%) 1.57 2,148
2021-03-01 $555,000 (0.0%) $846,872 (8.3%) 1.57 2,241
2021-04-01 $575,000 (6.0%) $889,171 (21.9%) 1.56 2,214
2021-05-01 $595,000 (9.2%) $897,003 (23.1%) 1.58 2,288
2021-06-01 $599,175 (9.5%) $875,181 (19.2%) 1.58 3,092
2021-07-01 $600,000 (11.1%) $850,648 (15.0%) 1.58 3,722
2021-08-01 $600,000 (11.3%) $840,358 (12.5%) 1.60 3,847
2021-09-01 $599,950 (14.9%) $844,683 (12.6%) 1.60 3,835
2021-10-01 $615,000 (19.4%) $846,450 (12.8%) 1.64 3,577
2021-11-01 $617,475 (18.8%) $863,420 (12.1%) 1.65 2,725
2021-12-01 $627,035 (18.1%) $899,026 (12.1%) 1.70 1,885
2022-01-01 $639,950 (21.9%) $979,269 (20.3%) 1.73 1,438
2022-02-01 $647,500 (19.9%) $984,526 (18.8%) 1.68 1,518
2022-03-01 $662,000 (19.3%) $971,704 (14.7%) 1.66 1,839
2022-04-01 $676,500 (17.7%) $963,724 (8.4%) 1.61 2,358
2022-05-01 $695,000 (16.8%) $942,761 (5.1%) 1.59 3,427
2022-06-01 $680,000 (13.5%) $883,448 (0.9%) 1.51 4,767
2022-07-01 $650,000 (8.3%) $839,581 (-1.3%) 1.46 6,180
2022-08-01 $636,490 (6.1%) $820,763 (-2.3%) 1.47 6,471
2022-09-01 $626,750 (4.5%) $819,377 (-3.0%) 1.47 6,493
2022-10-01 $620,000 (0.8%) $826,664 (-2.3%) 1.46 6,576
2022-11-01 $609,200 (-1.3%) $825,532 (-4.4%) 1.46 6,025
2022-12-01 $600,000 (-4.3%) $830,563 (-7.6%) 1.48 4,617
2023-01-01 $600,000 (-6.2%) $859,792 (-12.2%) 1.49 3,766
2023-02-01 $632,475 (-2.3%) $920,601 (-6.5%) 1.53 3,300
2023-03-01 $654,950 (-1.1%) $973,211 (0.2%) 1.54 3,429
2023-04-01 $679,000 (0.4%) $974,148 (1.1%) 1.58 3,978
2023-05-01 $682,250 (-1.8%) $973,280 (3.2%) 1.55 4,381
2023-06-01 $680,000 (0.0%) $959,445 (8.6%) 1.53 5,065
2023-07-01 $675,000 (3.9%) $938,445 (11.8%) 1.53 5,515
2023-08-01 $659,950 (3.7%) $910,334 (10.9%) 1.52 5,882
2023-09-01 $649,000 (3.6%) $896,750 (9.4%) 1.51 6,346
2023-10-01 $635,000 (2.4%) $885,482 (7.1%) 1.49 6,569
2023-11-01 $625,000 (2.6%) $870,201 (5.4%) 1.49 6,205
2023-12-01 $610,000 (1.7%) $848,158 (2.1%) 1.49 4,947
2024-01-01 $599,997 (0.0%) $844,685 (-1.8%) 1.47 4,197
2024-02-01 $609,625 (-3.6%) $873,507 (-5.1%) 1.47 4,291
2024-03-01 $619,900 (-5.4%) $886,842 (-8.9%) 1.46 5,077
2024-04-01 $625,000 (-8.0%) $873,752 (-10.3%) 1.45 6,270
2024-05-01 $639,000 (-6.3%) $875,784 (-10.0%) 1.44 7,539
Denver's median listing price for 2024-05-01 was $639,000, a difference of $-43,250 (-6.3%) versus the prior year and $14,000 versus the prior month.

Denver's median listing price comes in at 144% of the national average.

Denver's average listing price for 2024-05-01 was $875,784, a difference of $-97,496 (-10.0%) versus the prior year and $2,032 versus the prior month.

For the 2024-05-01 period, Denver had 7,539 MLS listings, a difference of 1,269 listings (20%) versus the prior month and 3,158 listings (72%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Denver (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 54 days 2,763 sqft
2018-02-01 31 days 2,782 sqft
2018-03-01 24 days 2,771 sqft
2018-04-01 23 days 2,920 sqft
2018-05-01 23 days 2,877 sqft
2018-06-01 24 days 2,769 sqft
2018-07-01 30 days 2,709 sqft
2018-08-01 32 days 2,627 sqft
2018-09-01 36 days 2,592 sqft
2018-10-01 37 days 2,495 sqft
2018-11-01 44 days 2,467 sqft
2018-12-01 57 days 2,459 sqft
2019-01-01 56 days 2,465 sqft
2019-02-01 31 days 2,476 sqft
2019-03-01 30 days 2,523 sqft
2019-04-01 28 days 2,580 sqft
2019-05-01 26 days 2,568 sqft
2019-06-01 30 days 2,561 sqft
2019-07-01 36 days 2,510 sqft
2019-08-01 38 days 2,476 sqft
2019-09-01 39 days 2,441 sqft
2019-10-01 42 days 2,418 sqft
2019-11-01 50 days 2,401 sqft
2019-12-01 60 days 2,307 sqft
2020-01-01 61 days 2,539 sqft
2020-02-01 32 days 2,859 sqft
2020-03-01 23 days 2,766 sqft
2020-04-01 33 days 2,677 sqft
2020-05-01 37 days 2,699 sqft
2020-06-01 31 days 2,515 sqft
2020-07-01 31 days 2,410 sqft
2020-08-01 30 days 2,259 sqft
2020-09-01 30 days 2,134 sqft
2020-10-01 30 days 2,016 sqft
2020-11-01 38 days 1,924 sqft
2020-12-01 48 days 1,893 sqft
2021-01-01 38 days 1,871 sqft
2021-02-01 17 days 1,939 sqft
2021-03-01 9 days 2,029 sqft
2021-04-01 9 days 2,170 sqft
2021-05-01 8 days 2,204 sqft
2021-06-01 9 days 2,260 sqft
2021-07-01 16 days 2,269 sqft
2021-08-01 18 days 2,218 sqft
2021-09-01 22 days 2,205 sqft
2021-10-01 23 days 2,240 sqft
2021-11-01 30 days 2,223 sqft
2021-12-01 38 days 2,198 sqft
2022-01-01 24 days 2,188 sqft
2022-02-01 6 days 2,204 sqft
2022-03-01 6 days 2,276 sqft
2022-04-01 5 days 2,299 sqft
2022-05-01 10 days 2,460 sqft
2022-06-01 16 days 2,431 sqft
2022-07-01 23 days 2,376 sqft
2022-08-01 31 days 2,327 sqft
2022-09-01 36 days 2,303 sqft
2022-10-01 37 days 2,298 sqft
2022-11-01 46 days 2,286 sqft
2022-12-01 59 days 2,250 sqft
2023-01-01 65 days 2,262 sqft
2023-02-01 42 days 2,315 sqft
2023-03-01 27 days 2,374 sqft
2023-04-01 24 days 2,449 sqft
2023-05-01 24 days 2,448 sqft
2023-06-01 29 days 2,486 sqft
2023-07-01 31 days 2,482 sqft
2023-08-01 35 days 2,408 sqft
2023-09-01 38 days 2,321 sqft
2023-10-01 41 days 2,286 sqft
2023-11-01 48 days 2,243 sqft
2023-12-01 61 days 2,159 sqft
2024-01-01 63 days 2,091 sqft
2024-02-01 35 days 2,095 sqft
2024-03-01 30 days 2,139 sqft
2024-04-01 32 days 2,178 sqft
2024-05-01 29 days 2,191 sqft
Denver's median listing age (time on market) for 2024-05-01 was 29 days. This is 21% longer than the same period one year ago.

Denver's median square footage for active listings during the 2024-05-01 period was 2,191 sqft. One year prior, the average listing was 2,448 sqft.