Denver USDA Loans

DENVER-AURORA-LAKEWOOD, CO

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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.

    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%.

    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 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. Total Fees
    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 $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 for 2022-04-01 was $675,000, a difference of $100,000 (17.4%) versus the prior year and $12,500 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2022-04-01 was 8 days. This is -38% shorter than the same period one year ago.

    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.