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 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 0.15% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

Denver's average USDA mortgage closing costs are $7,346.

The average rate for the prior week (2022-11-18) was 6.4% and one month ago for the week of 2022-10-21, the average rate was 6.62%.

The average rate one year ago was 3.36%.

For refis of the same type during the week of 2022-11-25, the average rate was -0.03%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
CROSSCOUNTRY MORTGAGE, LLC 21 2.93% $8,229
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 2.87% $8,531
BROKER SOLUTIONS, INC. 4 2.47% $8,086
HOME POINT FINANCIAL CORPORATION 4 2.56% $7,802
DHI MORTGAGE COMPANY, LTD. 4 2.78% $8,071
PLANET HOME LENDING, LLC 3 2.67% $6,672
Paramount Residential Mortgage Group, Inc. 3 2.42% $8,529
PLAZA HOME MORTGAGE, INC. 2 2.63% $6,260
S1L, Inc. 2 2.94% $8,714
UNITED WHOLESALE MORTGAGE, LLC 2 2.84% $6,508
PENNYMAC LOAN SERVICES, LLC 1 2.75% $5,325
Plains Commerce Bank 1 3.00% $5,624
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.75% $10,153
RELIANCE FIRST CAPITAL, LLC 1 2.50% $16,374
Sierra Pacific Mortgage Company, Inc. 1 2.88% $6,885
Summit Mortgage Corporation 1 2.50% $7,208
MOVEMENT MORTGAGE, LLC 1 2.50% $5,959
CALIBER HOME LOANS, INC. 1 2.25% $11,121
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.38% $7,690
CHERRY CREEK MORTGAGE, LLC 1 2.50% $4,380
DRAPER AND KRAMER MORTGAGE CORP. 1 3.00% $6,794
GUILD MORTGAGE COMPANY 1 3.13% $9,565
LAKEVIEW LOAN SERVICING, LLC 1 3.38% $2,958
Loan Simple, Inc. 1 2.88% $7,351
AMERICAN FINANCING CORPORATION 1 2.88% $10,116
Northpointe Bank 1 2.75% $6,040

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. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $549,488 (3.7%) $758,058 (4.2%) 2.04 3,796
2018-02-01 $549,950 (1.9%) $765,631 (3.0%) 2.00 3,929
2018-03-01 $549,900 (0.1%) $768,776 (2.1%) 1.93 4,296
2018-04-01 $545,000 (0.9%) $760,257 (3.2%) 1.85 4,875
2018-05-01 $532,400 (0.6%) $742,427 (2.6%) 1.78 5,452
2018-06-01 $520,000 (-0.5%) $717,230 (1.3%) 1.73 6,462
2018-07-01 $499,950 (-3.8%) $696,525 (-0.6%) 1.67 7,131
2018-08-01 $495,000 (-1.0%) $673,783 (-2.0%) 1.66 7,433
2018-09-01 $489,900 (-2.0%) $664,661 (-3.2%) 1.64 7,894
2018-10-01 $479,700 (-4.1%) $645,552 (-6.7%) 1.62 8,100
2018-11-01 $474,950 (-8.1%) $637,016 (-10.7%) 1.61 7,722
2018-12-01 $475,000 (-12.0%) $644,490 (-12.9%) 1.64 6,236
2019-01-01 $487,500 (-11.3%) $655,389 (-13.5%) 1.68 5,454
2019-02-01 $499,750 (-9.1%) $672,126 (-12.2%) 1.69 5,497
2019-03-01 $515,814 (-6.2%) $683,528 (-11.1%) 1.69 5,924
2019-04-01 $523,764 (-3.9%) $689,381 (-9.3%) 1.66 6,484
2019-05-01 $515,000 (-3.3%) $676,528 (-8.9%) 1.61 7,503
2019-06-01 $515,000 (-1.0%) $668,021 (-6.9%) 1.61 8,395
2019-07-01 $500,000 (0.0%) $656,711 (-5.7%) 1.57 8,908
2019-08-01 $498,564 (0.7%) $654,685 (-2.8%) 1.58 8,785
2019-09-01 $496,559 (1.4%) $653,231 (-1.7%) 1.59 8,634
2019-10-01 $495,223 (3.2%) $652,588 (1.1%) 1.60 8,457
2019-11-01 $499,000 (5.1%) $666,159 (4.6%) 1.64 7,201
2019-12-01 $497,450 (4.7%) $673,991 (4.6%) 1.66 6,136
2020-01-01 $527,450 (8.2%) $734,929 (12.1%) 1.76 3,893
2020-02-01 $550,000 (10.1%) $776,599 (15.5%) 1.80 3,622
2020-03-01 $551,036 (6.8%) $780,641 (14.2%) 1.73 4,310
2020-04-01 $542,498 (3.6%) $728,521 (5.7%) 1.70 4,951
2020-05-01 $544,365 (5.7%) $727,813 (7.6%) 1.65 5,861
2020-06-01 $545,000 (5.8%) $733,633 (9.8%) 1.60 6,541
2020-07-01 $540,000 (8.0%) $739,153 (12.6%) 1.57 6,058
2020-08-01 $538,486 (8.0%) $746,167 (14.0%) 1.54 5,765
2020-09-01 $521,959 (5.1%) $748,962 (14.7%) 1.50 5,379
2020-10-01 $515,000 (4.0%) $749,635 (14.9%) 1.48 4,882
2020-11-01 $519,000 (4.0%) $768,320 (15.3%) 1.52 3,943
2020-12-01 $528,258 (6.2%) $799,806 (18.7%) 1.57 2,919
2021-01-01 $525,000 (-0.5%) $811,419 (10.4%) 1.57 2,308
2021-02-01 $537,520 (-2.3%) $825,793 (6.3%) 1.56 2,166
2021-03-01 $549,950 (-0.2%) $843,875 (8.1%) 1.56 2,259
2021-04-01 $575,000 (6.0%) $886,478 (21.7%) 1.56 2,236
2021-05-01 $595,000 (9.3%) $893,801 (22.8%) 1.57 2,309
2021-06-01 $598,750 (9.9%) $873,105 (19.0%) 1.58 3,113
2021-07-01 $599,900 (11.1%) $850,160 (15.0%) 1.58 3,740
2021-08-01 $600,000 (11.4%) $839,847 (12.6%) 1.60 3,864
2021-09-01 $599,907 (14.9%) $843,996 (12.7%) 1.60 3,855
2021-10-01 $610,000 (18.5%) $845,421 (12.8%) 1.63 3,596
2021-11-01 $617,250 (18.9%) $861,701 (12.2%) 1.65 2,746
2021-12-01 $624,698 (18.3%) $896,145 (12.1%) 1.69 1,906
2022-01-01 $637,000 (21.3%) $975,912 (20.3%) 1.72 1,460
2022-02-01 $645,220 (20.0%) $979,063 (18.6%) 1.68 1,540
2022-03-01 $660,000 (20.0%) $967,090 (14.6%) 1.65 1,859
2022-04-01 $675,000 (17.4%) $960,993 (8.4%) 1.61 2,379
2022-05-01 $694,000 (16.6%) $941,494 (5.3%) 1.59 3,447
2022-06-01 $679,250 (13.4%) $882,870 (1.1%) 1.51 4,788
2022-07-01 $650,000 (8.4%) $839,653 (-1.2%) 1.47 6,199
2022-08-01 $632,500 (5.4%) $820,585 (-2.3%) 1.46 6,490
2022-09-01 $625,000 (4.2%) $819,046 (-3.0%) 1.46 6,512
2022-10-01 $620,000 (1.6%) $827,003 (-2.2%) 1.46 6,595
Denver's median listing price for 2022-10-01 was $620,000, a difference of $10,000 (1.6%) versus the prior year and $-5,000 versus the prior month.

Denver's median listing price comes in at 146% of the national average.

Denver's average listing price for 2022-10-01 was $827,003, a difference of $-18,418 (-2.2%) versus the prior year and $7,957 versus the prior month.

For the 2022-10-01 period, Denver had 6,595 MLS listings, a difference of 83 listings (1%) versus the prior month and 2,999 listings (83%) 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 58 days 2,959 sqft
2018-02-01 36 days 2,978 sqft
2018-03-01 27 days 2,980 sqft
2018-04-01 24 days 2,924 sqft
2018-05-01 23 days 2,879 sqft
2018-06-01 25 days 2,776 sqft
2018-07-01 30 days 2,712 sqft
2018-08-01 35 days 2,632 sqft
2018-09-01 37 days 2,592 sqft
2018-10-01 38 days 2,499 sqft
2018-11-01 45 days 2,468 sqft
2018-12-01 58 days 2,461 sqft
2019-01-01 61 days 2,464 sqft
2019-02-01 33 days 2,481 sqft
2019-03-01 31 days 2,531 sqft
2019-04-01 29 days 2,580 sqft
2019-05-01 28 days 2,567 sqft
2019-06-01 31 days 2,560 sqft
2019-07-01 36 days 2,510 sqft
2019-08-01 39 days 2,476 sqft
2019-09-01 41 days 2,441 sqft
2019-10-01 43 days 2,418 sqft
2019-11-01 51 days 2,401 sqft
2019-12-01 63 days 2,307 sqft
2020-01-01 62 days 2,538 sqft
2020-02-01 35 days 2,855 sqft
2020-03-01 24 days 2,764 sqft
2020-04-01 34 days 2,677 sqft
2020-05-01 38 days 2,698 sqft
2020-06-01 33 days 2,514 sqft
2020-07-01 34 days 2,410 sqft
2020-08-01 32 days 2,260 sqft
2020-09-01 31 days 2,138 sqft
2020-10-01 31 days 2,016 sqft
2020-11-01 40 days 1,924 sqft
2020-12-01 51 days 1,896 sqft
2021-01-01 43 days 1,872 sqft
2021-02-01 18 days 1,945 sqft
2021-03-01 10 days 2,034 sqft
2021-04-01 9 days 2,171 sqft
2021-05-01 8 days 2,208 sqft
2021-06-01 9 days 2,261 sqft
2021-07-01 16 days 2,272 sqft
2021-08-01 19 days 2,218 sqft
2021-09-01 23 days 2,208 sqft
2021-10-01 24 days 2,240 sqft
2021-11-01 30 days 2,224 sqft
2021-12-01 40 days 2,200 sqft
2022-01-01 27 days 2,195 sqft
2022-02-01 8 days 2,209 sqft
2022-03-01 7 days 2,276 sqft
2022-04-01 6 days 2,296 sqft
2022-05-01 10 days 2,457 sqft
2022-06-01 16 days 2,429 sqft
2022-07-01 23 days 2,376 sqft
2022-08-01 31 days 2,323 sqft
2022-09-01 36 days 2,303 sqft
2022-10-01 37 days 2,299 sqft
Denver's median listing age (time on market) for 2022-10-01 was 37 days. This is 54% longer than the same period one year ago.

Denver's median square footage for active listings during the 2022-10-01 period was 2,299 sqft. One year prior, the average listing was 2,240 sqft.