Elko USDA Loan Rates, Closing Costs & Stats

Elko, NV

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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.

    Elko's 3 lenders originated 3 USDA loans during 2023. The total origination value was $785,000, with an average USDA loan value of $261,667.

    Elko USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Elko averaged 6.41% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Elko's average USDA mortgage closing costs are $7,260.

    The average rate for the prior week (2024-12-06) was 6.25% and one month ago for the week of 2024-11-08, the average rate was 6.37%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.2%.

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

    Elko 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 Elko level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GREATER NEVADA LLC 1 6.25% $10,400
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.00% $7,703
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $13,260

    The top Elko USDA lender as defined by loan originations is GREATER NEVADA LLC, with 1 USDA loans originated. Their average total fees are $10,400, which is $2,697 higher than the next largest lender, PACIFIC RESIDENTIAL MORTGAGE, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Elko (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 $269,590 (10.0%) $296,216 (11.8%) 0.00 219
    2018-02-01 $265,900 (9.7%) $297,420 (12.5%) 0.00 225
    2018-03-01 $268,780 (8.1%) $295,521 (11.3%) 0.00 213
    2018-04-01 $270,150 (8.8%) $301,604 (13.1%) 0.00 186
    2018-05-01 $278,188 (11.4%) $317,948 (17.3%) 0.00 182
    2018-06-01 $277,375 (7.1%) $303,848 (9.9%) 0.00 188
    2018-07-01 $279,950 (7.7%) $303,503 (9.7%) 0.00 212
    2018-08-01 $274,635 (5.7%) $296,641 (5.0%) 0.00 219
    2018-09-01 $272,500 (4.9%) $291,198 (0.6%) 0.00 223
    2018-10-01 $275,425 (4.3%) $297,622 (1.8%) 0.00 226
    2018-11-01 $281,950 (4.8%) $302,270 (4.8%) 0.00 211
    2018-12-01 $279,900 (3.9%) $331,644 (13.3%) 0.00 209
    2019-01-01 $281,450 (4.4%) $298,797 (0.9%) 0.00 206
    2019-02-01 $283,450 (6.6%) $302,764 (1.8%) 0.00 169
    2019-03-01 $296,729 (10.4%) $324,659 (9.9%) 0.00 184
    2019-04-01 $294,600 (9.1%) $333,477 (10.6%) 0.00 215
    2019-05-01 $288,175 (3.6%) $315,154 (-0.9%) 0.00 232
    2019-06-01 $289,450 (4.4%) $306,190 (0.8%) 0.00 244
    2019-07-01 $289,975 (3.6%) $307,642 (1.4%) 0.00 281
    2019-08-01 $294,608 (7.3%) $312,024 (5.2%) 0.00 272
    2019-09-01 $301,522 (10.7%) $314,899 (8.1%) 0.00 261
    2019-10-01 $305,132 (10.8%) $316,593 (6.4%) 0.00 252
    2019-11-01 $299,900 (6.4%) $316,883 (4.8%) 0.00 231
    2019-12-01 $304,475 (8.8%) $319,614 (-3.6%) 0.00 228
    2020-01-01 $300,200 (6.7%) $319,032 (6.8%) 0.00 215
    2020-02-01 $315,000 (11.1%) $318,964 (5.4%) 0.00 195
    2020-03-01 $315,500 (6.3%) $318,477 (-1.9%) 0.00 186
    2020-04-01 $318,963 (8.3%) $325,103 (-2.5%) 0.00 169
    2020-05-01 $337,900 (17.3%) $344,951 (9.5%) 0.00 163
    2020-06-01 $340,063 (17.5%) $346,553 (13.2%) 0.00 148
    2020-07-01 $342,225 (18.0%) $354,209 (15.1%) 0.00 132
    2020-08-01 $338,780 (15.0%) $354,906 (13.7%) 0.00 125
    2020-09-01 $350,500 (16.2%) $361,335 (14.8%) 0.00 115
    2020-10-01 $349,000 (14.4%) $366,289 (15.7%) 0.00 118
    2020-11-01 $381,500 (27.2%) $392,985 (24.0%) 0.00 130
    2020-12-01 $374,825 (23.1%) $385,877 (20.7%) 0.00 130
    2021-01-01 $375,500 (25.1%) $382,936 (20.0%) 0.00 120
    2021-02-01 $408,300 (29.6%) $403,730 (26.6%) 0.00 97
    2021-03-01 $415,000 (31.5%) $400,468 (25.7%) 0.00 102
    2021-04-01 $421,500 (32.2%) $411,199 (26.5%) 0.00 94
    2021-05-01 $392,000 (16.0%) $411,460 (19.3%) 0.00 44
    2021-06-01 $379,945 (11.7%) $492,909 (42.2%) 0.00 50
    2021-07-01 $336,450 (-1.7%) $440,222 (24.3%) 0.00 72
    2021-08-01 $361,000 (6.6%) $401,185 (13.0%) 0.00 80
    2021-09-01 $385,500 (10.0%) $412,131 (14.1%) 0.00 85
    2021-10-01 $416,000 (19.2%) $432,280 (18.0%) 0.00 128
    2021-11-01 $411,750 (7.9%) $434,060 (10.5%) 0.00 133
    2021-12-01 $420,000 (12.1%) $433,308 (12.3%) 0.00 126
    2022-01-01 $438,000 (16.6%) $431,616 (12.7%) 0.00 117
    2022-02-01 $462,500 (13.3%) $454,851 (12.7%) 0.00 102
    2022-03-01 $484,075 (16.6%) $466,057 (16.4%) 0.00 88
    2022-04-01 $499,000 (18.4%) $489,485 (19.0%) 0.00 78
    2022-05-01 $504,150 (28.6%) $503,627 (22.4%) 0.00 102
    2022-06-01 $499,950 (31.6%) $487,414 (-1.1%) 0.00 96
    2022-07-01 $513,350 (52.6%) $501,705 (14.0%) 0.00 112
    2022-08-01 $516,915 (43.2%) $515,121 (28.4%) 0.00 129
    2022-09-01 $512,350 (32.9%) $488,317 (18.5%) 0.00 143
    2022-10-01 $499,050 (20.0%) $481,236 (11.3%) 0.00 146
    2022-11-01 $485,100 (17.8%) $480,000 (10.6%) 0.00 152
    2022-12-01 $485,100 (15.5%) $471,324 (8.8%) 0.00 140
    2023-01-01 $476,275 (8.7%) $463,342 (7.4%) 0.00 122
    2023-02-01 $483,775 (4.6%) $468,228 (2.9%) 0.00 107
    2023-03-01 $532,200 (9.9%) $511,044 (9.7%) 0.00 90
    2023-04-01 $525,000 (5.2%) $508,070 (3.8%) 0.00 95
    2023-05-01 $517,900 (2.7%) $495,656 (-1.6%) 0.00 111
    2023-06-01 $502,450 (0.5%) $502,003 (3.0%) 0.00 130
    2023-07-01 $439,900 (-14.3%) $421,925 (-15.9%) 0.00 176
    2023-08-01 $402,250 (-22.2%) $414,480 (-19.5%) 0.00 181
    2023-09-01 $399,900 (-22.0%) $411,489 (-15.7%) 0.00 184
    2023-10-01 $398,450 (-20.2%) $415,274 (-13.7%) 0.00 178
    2023-11-01 $384,700 (-20.7%) $405,930 (-15.4%) 0.00 177
    2023-12-01 $406,500 (-16.2%) $407,982 (-13.4%) 0.00 154
    2024-01-01 $419,250 (-12.0%) $406,705 (-12.2%) 0.00 158
    2024-02-01 $420,000 (-13.2%) $389,214 (-16.9%) 0.00 152
    2024-03-01 $399,000 (-25.0%) $387,865 (-24.1%) 0.00 150
    2024-04-01 $390,425 (-25.6%) $377,230 (-25.8%) 0.00 149
    2024-05-01 $435,000 (-16.0%) $404,700 (-18.4%) 0.00 153
    2024-06-01 $427,450 (-14.9%) $389,991 (-22.3%) 0.00 162
    2024-07-01 $429,900 (-2.3%) $405,614 (-3.9%) 0.00 162
    2024-08-01 $430,000 (6.9%) $417,724 (0.8%) 0.00 169
    2024-09-01 $410,500 (2.7%) $417,563 (1.5%) 0.00 174
    2024-10-01 $399,675 (0.3%) $405,561 (-2.3%) 0.00 179
    2024-11-01 $415,000 (7.9%) $413,723 (1.9%) 0.00 169
    Elko's median listing price for 2024-11-01 was $415,000, a difference of $30,300 (7.9%) versus the prior year and $15,325 versus the prior month.

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

    Elko's average listing price for 2024-11-01 was $413,723, a difference of $7,793 (1.9%) versus the prior year and $8,162 versus the prior month.

    For the 2024-11-01 period, Elko had 169 MLS listings, a difference of -10 listings (-6%) versus the prior month and -8 listings (-5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Elko (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,990 sqft
    2018-02-01 0 days 1,980 sqft
    2018-03-01 0 days 2,043 sqft
    2018-04-01 0 days 1,976 sqft
    2018-05-01 0 days 2,061 sqft
    2018-06-01 0 days 2,041 sqft
    2018-07-01 0 days 1,866 sqft
    2018-08-01 0 days 1,778 sqft
    2018-09-01 0 days 1,734 sqft
    2018-10-01 0 days 1,750 sqft
    2018-11-01 0 days 1,770 sqft
    2018-12-01 0 days 1,900 sqft
    2019-01-01 0 days 1,888 sqft
    2019-02-01 0 days 1,882 sqft
    2019-03-01 0 days 1,920 sqft
    2019-04-01 0 days 1,910 sqft
    2019-05-01 0 days 1,899 sqft
    2019-06-01 0 days 1,900 sqft
    2019-07-01 0 days 1,916 sqft
    2019-08-01 0 days 1,953 sqft
    2019-09-01 0 days 2,002 sqft
    2019-10-01 0 days 2,035 sqft
    2019-11-01 0 days 2,062 sqft
    2019-12-01 0 days 2,082 sqft
    2020-01-01 0 days 2,113 sqft
    2020-02-01 0 days 2,016 sqft
    2020-03-01 0 days 2,000 sqft
    2020-04-01 0 days 2,008 sqft
    2020-05-01 0 days 2,128 sqft
    2020-06-01 0 days 2,115 sqft
    2020-07-01 0 days 2,114 sqft
    2020-08-01 0 days 2,114 sqft
    2020-09-01 0 days 2,141 sqft
    2020-10-01 0 days 2,114 sqft
    2020-11-01 0 days 2,114 sqft
    2020-12-01 0 days 2,086 sqft
    2021-01-01 0 days 2,001 sqft
    2021-02-01 0 days 2,220 sqft
    2021-03-01 0 days 2,220 sqft
    2021-04-01 0 days 2,220 sqft
    2021-05-01 0 days 2,213 sqft
    2021-06-01 0 days 2,256 sqft
    2021-07-01 0 days 2,239 sqft
    2021-08-01 0 days 2,065 sqft
    2021-09-01 0 days 2,036 sqft
    2021-10-01 0 days 2,114 sqft
    2021-11-01 0 days 2,047 sqft
    2021-12-01 0 days 2,112 sqft
    2022-01-01 0 days 2,114 sqft
    2022-02-01 0 days 2,204 sqft
    2022-03-01 0 days 2,220 sqft
    2022-04-01 0 days 2,263 sqft
    2022-05-01 0 days 2,287 sqft
    2022-06-01 0 days 2,290 sqft
    2022-07-01 0 days 2,115 sqft
    2022-08-01 0 days 2,220 sqft
    2022-09-01 0 days 2,190 sqft
    2022-10-01 0 days 2,182 sqft
    2022-11-01 0 days 2,137 sqft
    2022-12-01 0 days 2,114 sqft
    2023-01-01 0 days 2,114 sqft
    2023-02-01 0 days 2,190 sqft
    2023-03-01 0 days 2,231 sqft
    2023-04-01 0 days 2,221 sqft
    2023-05-01 0 days 2,189 sqft
    2023-06-01 0 days 2,186 sqft
    2023-07-01 0 days 2,204 sqft
    2023-08-01 0 days 2,202 sqft
    2023-09-01 0 days 2,190 sqft
    2023-10-01 0 days 2,127 sqft
    2023-11-01 0 days 2,114 sqft
    2023-12-01 0 days 2,200 sqft
    2024-01-01 0 days 2,236 sqft
    2024-02-01 0 days 2,157 sqft
    2024-03-01 0 days 2,156 sqft
    2024-04-01 0 days 2,024 sqft
    2024-05-01 0 days 2,189 sqft
    2024-06-01 0 days 2,229 sqft
    2024-07-01 0 days 2,297 sqft
    2024-08-01 0 days 2,225 sqft
    2024-09-01 0 days 2,227 sqft
    2024-10-01 0 days 2,215 sqft
    2024-11-01 0 days 2,290 sqft
    Elko's median listing age (time on market) for 2024-11-01 was 0 days.

    Elko's median square footage for active listings during the 2024-11-01 period was 2,290 sqft. One year prior, the average listing was 2,114 sqft.