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%.

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.