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 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 6.71% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.36% and one month ago for the week of 2024-03-15, the average rate was 6.24%.

    The average rate one year ago was 6.28%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.8%.

    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
    Denver's median listing price for 2024-03-01 was $619,900, a difference of $-35,050 (-5.4%) versus the prior year and $10,275 versus the prior month.

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

    Denver's average listing price for 2024-03-01 was $886,842, a difference of $-86,369 (-8.9%) versus the prior year and $13,335 versus the prior month.

    For the 2024-03-01 period, Denver had 5,077 MLS listings, a difference of 786 listings (18%) versus the prior month and 1,648 listings (48%) 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
    Denver's median listing age (time on market) for 2024-03-01 was 30 days. This is 12% longer than the same period one year ago.

    Denver's median square footage for active listings during the 2024-03-01 period was 2,139 sqft. One year prior, the average listing was 2,374 sqft.