Fort Collins USDA Loan Rates, Closing Costs & Stats
FORT COLLINS, 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.
Fort Collins's 8 lenders originated 12 USDA loans during 2022. The total origination value was $4,450,000, with an average USDA loan value of $370,833.
Fort Collins USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Fort Collins
averaged
-0.29%
for the week of 2023-06-02, compared to the national average (all USDA variants) of
0% for the same period.
Fort Collins's average USDA mortgage closing costs are $7,410.
The average rate for the prior week (2023-05-26) was
5.95% and
one month ago for the week of 2023-04-28, the
average rate was 5.83%.
The average rate one year ago was 4.59%.
For refis of the same type during the week of 2023-06-02, the average rate
was -1.66%.
Fort Collins 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 Fort Collins level.
| Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | 3 | 3.91% | $6,943 |
| CROSSCOUNTRY MORTGAGE, LLC | 2 | 5.56% | $16,265 |
| Financial Funding Solutions, Inc. | 2 | 3.75% | $8,428 |
| HOME POINT FINANCIAL CORPORATION | 1 | 4.50% | $6,136 |
| BROKER SOLUTIONS, INC. | 1 | 3.75% | $10,759 |
| UNIVERSAL LENDING CORPORATION | 1 | 3.75% | $7,042 |
| First Western Trust Bank | 1 | 4.63% | $8,222 |
| Gateway First Bank | 1 | 3.00% | $7,013 |
The top Fort Collins USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
3 USDA loans originated. Their average total fees are
$6,943, which is $9,322
lower than the next largest lender,
CROSSCOUNTRY MORTGAGE, LLC.
The lowest fee Fort Collins USDA lenders (with over 10 loans originated) are
.
The lowest rate Fort Collins USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Fort Collins (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 | $469,950 (6.7%) | $578,375 (4.6%) | 1.74 | 827 |
| 2018-02-01 | $473,815 (5.6%) | $593,184 (4.9%) | 1.72 | 811 |
| 2018-03-01 | $479,000 (6.5%) | $613,146 (9.0%) | 1.68 | 860 |
| 2018-04-01 | $491,200 (9.2%) | $621,106 (12.3%) | 1.67 | 905 |
| 2018-05-01 | $490,966 (8.0%) | $616,989 (10.5%) | 1.64 | 1,057 |
| 2018-06-01 | $481,675 (4.8%) | $610,600 (6.7%) | 1.61 | 1,157 |
| 2018-07-01 | $482,473 (6.2%) | $604,629 (4.9%) | 1.61 | 1,261 |
| 2018-08-01 | $466,475 (3.7%) | $588,416 (3.0%) | 1.56 | 1,326 |
| 2018-09-01 | $465,000 (3.3%) | $588,422 (3.4%) | 1.56 | 1,348 |
| 2018-10-01 | $454,493 (-0.1%) | $578,080 (0.9%) | 1.54 | 1,295 |
| 2018-11-01 | $449,000 (-2.1%) | $569,891 (0.4%) | 1.52 | 1,255 |
| 2018-12-01 | $439,900 (-5.4%) | $562,647 (-2.5%) | 1.52 | 1,128 |
| 2019-01-01 | $439,950 (-6.4%) | $554,773 (-4.1%) | 1.52 | 1,044 |
| 2019-02-01 | $441,260 (-6.9%) | $553,021 (-6.8%) | 1.49 | 1,041 |
| 2019-03-01 | $447,143 (-6.7%) | $562,920 (-8.2%) | 1.46 | 1,023 |
| 2019-04-01 | $451,200 (-8.1%) | $571,432 (-8.0%) | 1.43 | 1,036 |
| 2019-05-01 | $452,450 (-7.8%) | $573,828 (-7.0%) | 1.41 | 1,163 |
| 2019-06-01 | $444,000 (-7.8%) | $558,200 (-8.6%) | 1.39 | 1,382 |
| 2019-07-01 | $437,583 (-9.3%) | $558,361 (-7.7%) | 1.37 | 1,536 |
| 2019-08-01 | $433,754 (-7.0%) | $554,319 (-5.8%) | 1.37 | 1,510 |
| 2019-09-01 | $431,885 (-7.1%) | $552,136 (-6.2%) | 1.38 | 1,471 |
| 2019-10-01 | $430,639 (-5.3%) | $551,537 (-4.6%) | 1.39 | 1,425 |
| 2019-11-01 | $430,582 (-4.1%) | $552,315 (-3.1%) | 1.41 | 1,304 |
| 2019-12-01 | $433,127 (-1.5%) | $553,131 (-1.7%) | 1.44 | 1,128 |
| 2020-01-01 | $439,239 (-0.2%) | $565,759 (2.0%) | 1.47 | 1,009 |
| 2020-02-01 | $449,900 (2.0%) | $571,034 (3.3%) | 1.48 | 966 |
| 2020-03-01 | $451,767 (1.0%) | $575,737 (2.3%) | 1.42 | 975 |
| 2020-04-01 | $452,000 (0.2%) | $585,106 (2.4%) | 1.42 | 1,124 |
| 2020-05-01 | $460,000 (1.7%) | $588,664 (2.6%) | 1.40 | 1,288 |
| 2020-06-01 | $472,253 (6.4%) | $600,111 (7.5%) | 1.39 | 1,213 |
| 2020-07-01 | $469,900 (7.4%) | $596,656 (6.9%) | 1.36 | 1,147 |
| 2020-08-01 | $469,900 (8.3%) | $602,834 (8.8%) | 1.35 | 1,031 |
| 2020-09-01 | $464,785 (7.6%) | $608,824 (10.3%) | 1.33 | 925 |
| 2020-10-01 | $474,950 (10.3%) | $616,231 (11.7%) | 1.36 | 799 |
| 2020-11-01 | $473,750 (10.0%) | $619,890 (12.2%) | 1.39 | 731 |
| 2020-12-01 | $475,027 (9.7%) | $625,102 (13.0%) | 1.41 | 649 |
| 2021-01-01 | $479,800 (9.2%) | $645,270 (14.1%) | 1.43 | 490 |
| 2021-02-01 | $494,450 (9.9%) | $696,258 (21.9%) | 1.44 | 433 |
| 2021-03-01 | $518,028 (14.7%) | $712,504 (23.8%) | 1.47 | 377 |
| 2021-04-01 | $499,950 (10.6%) | $693,905 (18.6%) | 1.35 | 378 |
| 2021-05-01 | $545,000 (18.5%) | $706,838 (20.1%) | 1.45 | 378 |
| 2021-06-01 | $532,426 (12.7%) | $697,139 (16.2%) | 1.40 | 475 |
| 2021-07-01 | $549,000 (16.8%) | $696,591 (16.8%) | 1.45 | 554 |
| 2021-08-01 | $544,900 (16.0%) | $690,116 (14.5%) | 1.45 | 600 |
| 2021-09-01 | $544,450 (17.1%) | $686,051 (12.7%) | 1.45 | 590 |
| 2021-10-01 | $555,000 (16.9%) | $707,612 (14.8%) | 1.48 | 544 |
| 2021-11-01 | $563,258 (18.9%) | $712,951 (15.0%) | 1.51 | 431 |
| 2021-12-01 | $510,765 (7.5%) | $625,356 (0.0%) | 1.38 | 986 |
| 2022-01-01 | $604,245 (25.9%) | $790,142 (22.5%) | 1.63 | 262 |
| 2022-02-01 | $598,950 (21.1%) | $832,905 (19.6%) | 1.56 | 226 |
| 2022-03-01 | $606,250 (17.0%) | $833,754 (17.0%) | 1.52 | 246 |
| 2022-04-01 | $600,000 (20.0%) | $809,965 (16.7%) | 1.43 | 326 |
| 2022-05-01 | $625,050 (14.7%) | $800,924 (13.3%) | 1.43 | 504 |
| 2022-06-01 | $627,450 (17.9%) | $794,139 (13.9%) | 1.40 | 670 |
| 2022-07-01 | $635,750 (15.8%) | $781,926 (12.3%) | 1.43 | 828 |
| 2022-08-01 | $636,500 (16.8%) | $809,283 (17.3%) | 1.47 | 839 |
| 2022-09-01 | $621,200 (14.1%) | $786,184 (14.6%) | 1.45 | 880 |
| 2022-10-01 | $611,875 (10.3%) | $787,574 (11.3%) | 1.44 | 891 |
| 2022-11-01 | $592,000 (5.1%) | $758,030 (6.3%) | 1.42 | 889 |
| 2022-12-01 | $589,950 (15.5%) | $762,601 (22.0%) | 1.46 | 725 |
| 2023-01-01 | $592,500 (-1.9%) | $770,004 (-2.6%) | 1.47 | 616 |
| 2023-02-01 | $587,445 (-1.9%) | $753,028 (-9.6%) | 1.42 | 604 |
| 2023-03-01 | $604,995 (-0.2%) | $776,008 (-6.9%) | 1.43 | 607 |
| 2023-04-01 | $615,990 (2.7%) | $803,155 (-0.8%) | 1.43 | 646 |
| 2023-05-01 | $636,883 (1.9%) | $812,667 (1.5%) | 1.44 | 803 |
Fort Collins's median listing price comes in at 144% of the national average.
Fort Collins's average listing price for 2023-05-01 was $812,667, a difference of $11,743 (1.5%) versus the prior year and $9,512 versus the prior month.
For the 2023-05-01 period, Fort Collins had 803 MLS listings, a difference of 157 listings (24%) versus the prior month and 299 listings (59%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fort Collins (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 85 days | 3,007 sqft |
| 2018-02-01 | 59 days | 2,976 sqft |
| 2018-03-01 | 45 days | 3,031 sqft |
| 2018-04-01 | 41 days | 3,013 sqft |
| 2018-05-01 | 36 days | 2,895 sqft |
| 2018-06-01 | 37 days | 2,839 sqft |
| 2018-07-01 | 43 days | 2,826 sqft |
| 2018-08-01 | 45 days | 2,795 sqft |
| 2018-09-01 | 50 days | 2,784 sqft |
| 2018-10-01 | 53 days | 2,744 sqft |
| 2018-11-01 | 57 days | 2,735 sqft |
| 2018-12-01 | 69 days | 2,695 sqft |
| 2019-01-01 | 66 days | 2,606 sqft |
| 2019-02-01 | 55 days | 2,664 sqft |
| 2019-03-01 | 48 days | 2,688 sqft |
| 2019-04-01 | 43 days | 2,756 sqft |
| 2019-05-01 | 37 days | 2,796 sqft |
| 2019-06-01 | 37 days | 2,696 sqft |
| 2019-07-01 | 40 days | 2,686 sqft |
| 2019-08-01 | 47 days | 2,608 sqft |
| 2019-09-01 | 53 days | 2,597 sqft |
| 2019-10-01 | 57 days | 2,589 sqft |
| 2019-11-01 | 60 days | 2,594 sqft |
| 2019-12-01 | 71 days | 2,663 sqft |
| 2020-01-01 | 74 days | 2,663 sqft |
| 2020-02-01 | 60 days | 2,695 sqft |
| 2020-03-01 | 44 days | 2,700 sqft |
| 2020-04-01 | 44 days | 2,694 sqft |
| 2020-05-01 | 46 days | 2,741 sqft |
| 2020-06-01 | 40 days | 2,745 sqft |
| 2020-07-01 | 40 days | 2,730 sqft |
| 2020-08-01 | 40 days | 2,720 sqft |
| 2020-09-01 | 44 days | 2,641 sqft |
| 2020-10-01 | 43 days | 2,579 sqft |
| 2020-11-01 | 52 days | 2,520 sqft |
| 2020-12-01 | 59 days | 2,525 sqft |
| 2021-01-01 | 73 days | 2,493 sqft |
| 2021-02-01 | 40 days | 2,490 sqft |
| 2021-03-01 | 49 days | 2,541 sqft |
| 2021-04-01 | 45 days | 2,418 sqft |
| 2021-05-01 | 33 days | 2,542 sqft |
| 2021-06-01 | 30 days | 2,478 sqft |
| 2021-07-01 | 37 days | 2,493 sqft |
| 2021-08-01 | 32 days | 2,476 sqft |
| 2021-09-01 | 36 days | 2,482 sqft |
| 2021-10-01 | 37 days | 2,464 sqft |
| 2021-11-01 | 44 days | 2,500 sqft |
| 2021-12-01 | 59 days | 2,396 sqft |
| 2022-01-01 | 50 days | 2,600 sqft |
| 2022-02-01 | 29 days | 2,470 sqft |
| 2022-03-01 | 25 days | 2,516 sqft |
| 2022-04-01 | 18 days | 2,529 sqft |
| 2022-05-01 | 17 days | 2,519 sqft |
| 2022-06-01 | 23 days | 2,607 sqft |
| 2022-07-01 | 27 days | 2,648 sqft |
| 2022-08-01 | 36 days | 2,651 sqft |
| 2022-09-01 | 39 days | 2,573 sqft |
| 2022-10-01 | 44 days | 2,608 sqft |
| 2022-11-01 | 46 days | 2,486 sqft |
| 2022-12-01 | 64 days | 2,486 sqft |
| 2023-01-01 | 72 days | 2,472 sqft |
| 2023-02-01 | 60 days | 2,449 sqft |
| 2023-03-01 | 47 days | 2,502 sqft |
| 2023-04-01 | 37 days | 2,581 sqft |
| 2023-05-01 | 32 days | 2,590 sqft |
Fort Collins's median square footage for active listings during the 2023-05-01 period was 2,590 sqft. One year prior, the average listing was 2,519 sqft.