Denver USDA Loan Rates, Closing Costs & Stats

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 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.