Edwards USDA Loans

Edwards, 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.

Edwards's 7 lenders originated 9 USDA loans during 2021. The total origination value was $3,425,000, with an average USDA loan value of $380,556.

Edwards USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Edwards averaged 5.02% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.54% and one month ago for the week of 2022-07-01, the average rate was 5.28%.

The average rate one year ago was 3.16%.

For refis of the same type during the week of 2022-08-05, the average rate was 4.86%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Edwards 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 Edwards level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
SECURITYNATIONAL MORTGAGE COMPANY 3 2.71% $7,851
BAY EQUITY LLC 1 2.75% $8,901
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.25% $9,554
ACADEMY MORTGAGE CORPORATION 1 2.38% $9,501
HOME POINT FINANCIAL CORPORATION 1 3.25% $9,807
PENNYMAC LOAN SERVICES, LLC 1 2.50% $11,923
GUARANTEED RATE, INC. 1 2.75% $6,427

The top Edwards USDA lender as defined by loan originations is SECURITYNATIONAL MORTGAGE COMPANY, with 3 USDA loans originated. Their average total fees are $7,851, which is $1,050 lower than the next largest lender, BAY EQUITY LLC.

The lowest fee Edwards USDA lenders (with over 10 loans originated) are .

The lowest rate Edwards USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Edwards (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 $699,000 (-1.4%) $1,680,168 (-4.9%) 0.00 964
2018-02-01 $688,500 (-4.7%) $1,671,892 (-5.6%) 0.00 963
2018-03-01 $650,000 (-11.8%) $1,648,596 (-9.5%) 0.00 1,021
2018-04-01 $619,250 (-11.4%) $1,589,365 (-11.7%) 0.00 1,011
2018-05-01 $562,250 (-21.6%) $1,485,395 (-15.1%) 0.00 1,015
2018-06-01 $630,000 (-13.6%) $1,496,901 (-12.8%) 0.00 1,078
2018-07-01 $675,000 (-10.0%) $1,606,734 (-7.1%) 0.00 1,188
2018-08-01 $668,500 (-12.9%) $1,637,436 (-6.4%) 0.00 1,184
2018-09-01 $635,000 (-20.5%) $1,639,962 (-9.5%) 0.00 1,126
2018-10-01 $612,000 (-21.1%) $1,620,933 (-11.0%) 0.00 1,082
2018-11-01 $579,500 (-21.1%) $1,623,302 (-10.5%) 0.00 1,062
2018-12-01 $629,000 (-15.3%) $1,691,574 (-2.2%) 0.00 1,084
2019-01-01 $644,500 (-7.8%) $1,693,364 (0.8%) 0.00 1,087
2019-02-01 $650,000 (-5.6%) $1,692,695 (1.2%) 0.00 1,091
2019-03-01 $648,714 (-0.2%) $1,674,687 (1.6%) 0.00 1,068
2019-04-01 $648,714 (4.8%) $1,682,418 (5.9%) 0.00 1,033
2019-05-01 $642,000 (14.2%) $1,692,787 (14.0%) 0.00 983
2019-06-01 $698,000 (10.8%) $1,721,894 (15.0%) 0.00 1,074
2019-07-01 $737,000 (9.2%) $1,874,220 (16.7%) 0.00 1,163
2019-08-01 $699,000 (4.6%) $1,895,126 (15.7%) 0.00 1,130
2019-09-01 $699,500 (10.2%) $1,943,486 (18.5%) 0.00 1,079
2019-10-01 $692,000 (13.1%) $1,960,254 (20.9%) 0.00 1,043
2019-11-01 $659,000 (13.7%) $1,938,188 (19.4%) 0.00 1,039
2019-12-01 $749,950 (19.2%) $2,019,510 (19.4%) 0.00 1,030
2020-01-01 $749,500 (16.3%) $2,083,433 (23.0%) 0.00 963
2020-02-01 $775,000 (19.2%) $2,141,459 (26.5%) 0.00 936
2020-03-01 $749,950 (15.6%) $2,113,838 (26.2%) 0.00 978
2020-04-01 $682,000 (5.1%) $1,921,089 (14.2%) 0.00 961
2020-05-01 $659,000 (2.7%) $1,799,383 (6.3%) 0.00 951
2020-06-01 $702,000 (0.6%) $1,856,603 (7.8%) 0.00 965
2020-07-01 $725,000 (-1.6%) $1,963,997 (4.8%) 0.00 955
2020-08-01 $739,000 (5.7%) $2,128,729 (12.3%) 0.00 922
2020-09-01 $785,000 (12.2%) $2,203,384 (13.4%) 0.00 832
2020-10-01 $720,000 (4.1%) $2,326,360 (18.7%) 0.00 747
2020-11-01 $686,250 (4.1%) $2,447,457 (26.3%) 0.00 708
2020-12-01 $694,000 (-7.5%) $2,542,877 (25.9%) 0.00 669
2021-01-01 $640,000 (-14.6%) $2,679,871 (28.6%) 0.00 628
2021-02-01 $549,000 (-29.2%) $2,768,504 (29.3%) 0.00 597
2021-03-01 $539,500 (-28.1%) $2,665,429 (26.1%) 0.00 576
2021-04-01 $467,500 (-31.5%) $2,571,512 (33.9%) 0.00 551
2021-05-01 $525,000 (-20.3%) $2,587,821 (43.8%) 0.00 495
2021-06-01 $612,450 (-12.8%) $2,630,733 (41.7%) 0.00 512
2021-07-01 $689,500 (-4.9%) $2,505,664 (27.6%) 0.00 540
2021-08-01 $817,500 (10.6%) $2,600,784 (22.2%) 0.00 522
2021-09-01 $774,500 (-1.3%) $2,541,392 (15.3%) 0.00 505
2021-10-01 $699,000 (-2.9%) $2,306,885 (-0.8%) 0.00 461
2021-11-01 $342,500 (-50.1%) $2,194,910 (-10.3%) 0.00 414
2021-12-01 $275,000 (-60.4%) $2,299,123 (-9.6%) 0.00 405
2022-01-01 $195,000 (-69.5%) $2,204,928 (-17.7%) 0.00 397
2022-02-01 $459,000 (-16.4%) $2,270,926 (-18.0%) 0.00 404
2022-03-01 $536,500 (-0.6%) $2,298,406 (-13.8%) 0.00 383
2022-04-01 $630,000 (34.8%) $2,174,025 (-15.5%) 0.00 386
2022-05-01 $864,500 (64.7%) $2,327,179 (-10.1%) 0.00 390
2022-06-01 $1,124,500 (83.6%) $2,337,692 (-11.1%) 0.00 446
Edwards's median listing price for 2022-06-01 was $1,124,500, a difference of $512,050 (83.6%) versus the prior year and $260,000 versus the prior month.

Edwards's median listing price comes in at 0% of the national average.

Edwards's average listing price for 2022-06-01 was $2,337,692, a difference of $-293,041 (-11.1%) versus the prior year and $10,513 versus the prior month.

For the 2022-06-01 period, Edwards had 446 MLS listings, a difference of 56 listings (14%) versus the prior month and -66 listings (-13%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Edwards (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,834 sqft
2018-02-01 0 days 1,800 sqft
2018-03-01 0 days 1,792 sqft
2018-04-01 0 days 1,713 sqft
2018-05-01 0 days 1,698 sqft
2018-06-01 0 days 1,725 sqft
2018-07-01 0 days 1,786 sqft
2018-08-01 0 days 1,775 sqft
2018-09-01 0 days 1,711 sqft
2018-10-01 0 days 1,690 sqft
2018-11-01 0 days 1,660 sqft
2018-12-01 0 days 1,689 sqft
2019-01-01 0 days 1,706 sqft
2019-02-01 0 days 1,703 sqft
2019-03-01 0 days 1,704 sqft
2019-04-01 0 days 1,706 sqft
2019-05-01 0 days 1,749 sqft
2019-06-01 0 days 1,748 sqft
2019-07-01 0 days 1,802 sqft
2019-08-01 0 days 1,805 sqft
2019-09-01 0 days 1,804 sqft
2019-10-01 0 days 1,800 sqft
2019-11-01 0 days 1,781 sqft
2019-12-01 0 days 1,759 sqft
2020-01-01 0 days 1,736 sqft
2020-02-01 0 days 1,785 sqft
2020-03-01 0 days 1,727 sqft
2020-04-01 0 days 1,616 sqft
2020-05-01 0 days 1,619 sqft
2020-06-01 0 days 1,621 sqft
2020-07-01 0 days 1,633 sqft
2020-08-01 0 days 1,606 sqft
2020-09-01 0 days 1,600 sqft
2020-10-01 0 days 1,604 sqft
2020-11-01 0 days 1,619 sqft
2020-12-01 0 days 1,657 sqft
2021-01-01 0 days 1,677 sqft
2021-02-01 0 days 1,663 sqft
2021-03-01 0 days 1,715 sqft
2021-04-01 0 days 1,729 sqft
2021-05-01 0 days 1,793 sqft
2021-06-01 0 days 1,800 sqft
2021-07-01 0 days 1,811 sqft
2021-08-01 0 days 1,845 sqft
2021-09-01 0 days 1,815 sqft
2021-10-01 0 days 1,800 sqft
2021-11-01 0 days 1,666 sqft
2021-12-01 0 days 1,625 sqft
2022-01-01 0 days 1,586 sqft
2022-02-01 0 days 1,619 sqft
2022-03-01 0 days 1,623 sqft
2022-04-01 0 days 1,606 sqft
2022-05-01 0 days 1,639 sqft
2022-06-01 0 days 1,704 sqft
Edwards's median listing age (time on market) for 2022-06-01 was 0 days.

Edwards's median square footage for active listings during the 2022-06-01 period was 1,704 sqft. One year prior, the average listing was 1,800 sqft.