Fort Collins USDA Loans

FORT COLLINS, 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.

    Fort Collins's 18 lenders originated 63 USDA loans during 2021. The total origination value was $26,555,000, with an average USDA loan value of $421,508.

    Fort Collins USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Fort Collins averaged 5.24% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-05-06) was 5.17% and one month ago for the week of 2022-04-08, the average rate was 4.64%.

    The average rate one year ago was 3.15%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.1%.

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

    Fort Collins 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 Fort Collins level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Financial Funding Solutions, Inc. 8 2.78% $8,337
    CORNERSTONE HOME LENDING, INC. 4 3.06% $8,564
    DHI MORTGAGE COMPANY, LTD. 4 2.56% $7,662
    LOANDEPOT.COM, LLC 4 2.97% $10,603
    CHERRY CREEK MORTGAGE, LLC 2 3.00% $4,771
    Loan Simple, Inc. 2 2.31% $6,383
    HOME POINT FINANCIAL CORPORATION 2 2.44% $6,468
    PARTNERS UNITED FINANCIAL, LLC 1 2.99% $6,747
    PENNYMAC LOAN SERVICES, LLC 1 3.38% $6,523
    Plains Commerce Bank 1 2.38% $8,184
    BOKF 1 2.75% $6,307
    UNITED WHOLESALE MORTGAGE, LLC 1 2.58% $6,135
    BROKER SOLUTIONS, INC. 1 2.25% $6,481
    CALIBER HOME LOANS, INC. 1 2.88% $8,235
    Flagstar Bank, FSB 1 2.75% $8,407
    GUARANTEED RATE, INC. 1 2.88% $6,748
    GUILD MORTGAGE COMPANY 1 2.50% $7,345
    NBH Bank 1 2.88% $5,408

    The top Fort Collins USDA lender as defined by loan originations is Financial Funding Solutions, Inc., with 8 USDA loans originated. Their average total fees are $8,337, which is $226 lower than the next largest lender, CORNERSTONE HOME LENDING, INC..

    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 $465,000 (8.3%) $587,409 (6.2%) 1.71 806
    2018-02-01 $473,995 (7.7%) $610,084 (7.1%) 1.71 789
    2018-03-01 $485,000 (9.5%) $629,966 (10.4%) 1.68 844
    2018-04-01 $485,000 (10.2%) $629,010 (12.6%) 1.63 905
    2018-05-01 $483,495 (9.3%) $631,926 (12.5%) 1.61 1,072
    2018-06-01 $485,000 (8.2%) $627,991 (8.9%) 1.62 1,233
    2018-07-01 $485,000 (8.0%) $614,508 (5.2%) 1.62 1,342
    2018-08-01 $469,400 (5.0%) $597,366 (2.6%) 1.57 1,387
    2018-09-01 $466,163 (4.1%) $597,272 (3.4%) 1.56 1,409
    2018-10-01 $449,995 (0.1%) $581,936 (0.5%) 1.51 1,359
    2018-11-01 $449,700 (-0.1%) $575,506 (-0.6%) 1.51 1,320
    2018-12-01 $440,000 (-3.3%) $570,639 (-2.8%) 1.51 1,185
    2019-01-01 $445,000 (-4.3%) $565,715 (-3.7%) 1.53 1,094
    2019-02-01 $447,000 (-5.7%) $562,072 (-7.9%) 1.50 1,084
    2019-03-01 $450,607 (-7.1%) $567,832 (-9.9%) 1.47 1,081
    2019-04-01 $455,688 (-6.0%) $575,700 (-8.5%) 1.43 1,110
    2019-05-01 $459,950 (-4.9%) $573,838 (-9.2%) 1.42 1,234
    2019-06-01 $445,645 (-8.1%) $557,694 (-11.2%) 1.37 1,458
    2019-07-01 $439,143 (-9.5%) $555,950 (-9.5%) 1.36 1,636
    2019-08-01 $437,100 (-6.9%) $548,805 (-8.1%) 1.38 1,634
    2019-09-01 $432,400 (-7.2%) $540,400 (-9.5%) 1.37 1,628
    2019-10-01 $433,475 (-3.7%) $545,443 (-6.3%) 1.38 1,557
    2019-11-01 $434,850 (-3.3%) $545,496 (-5.2%) 1.40 1,422
    2019-12-01 $436,125 (-0.9%) $548,903 (-3.8%) 1.45 1,219
    2020-01-01 $447,556 (0.6%) $563,329 (-0.4%) 1.49 1,061
    2020-02-01 $450,000 (0.7%) $573,722 (2.1%) 1.45 1,016
    2020-03-01 $464,489 (3.1%) $594,699 (4.7%) 1.45 1,033
    2020-04-01 $452,500 (-0.7%) $577,311 (0.3%) 1.41 1,210
    2020-05-01 $460,000 (0.0%) $577,699 (0.7%) 1.39 1,369
    2020-06-01 $468,416 (5.1%) $591,315 (6.0%) 1.37 1,301
    2020-07-01 $464,901 (5.9%) $582,492 (4.8%) 1.33 1,221
    2020-08-01 $464,900 (6.4%) $590,452 (7.6%) 1.33 1,092
    2020-09-01 $467,495 (8.1%) $601,935 (11.4%) 1.34 1,012
    2020-10-01 $481,000 (11.0%) $618,621 (13.4%) 1.37 871
    2020-11-01 $483,350 (11.2%) $621,783 (14.0%) 1.38 773
    2020-12-01 $484,000 (11.0%) $624,767 (13.8%) 1.42 664
    2021-01-01 $493,595 (10.3%) $647,265 (14.9%) 1.45 496
    2021-02-01 $519,796 (15.5%) $713,729 (24.4%) 1.49 426
    2021-03-01 $561,150 (20.8%) $730,238 (22.8%) 1.57 367
    2021-04-01 $507,500 (12.2%) $690,843 (19.7%) 1.36 357
    2021-05-01 $550,000 (19.6%) $721,031 (24.8%) 1.45 363
    2021-06-01 $540,493 (15.4%) $712,931 (20.6%) 1.40 458
    2021-07-01 $549,500 (18.2%) $701,893 (20.5%) 1.43 536
    2021-08-01 $544,950 (17.2%) $704,577 (19.3%) 1.43 595
    2021-09-01 $547,629 (17.1%) $697,278 (15.8%) 1.44 577
    2021-10-01 $560,000 (16.4%) $714,517 (15.5%) 1.47 533
    2021-11-01 $572,844 (18.5%) $722,539 (16.2%) 1.51 416
    2021-12-01 $518,700 (7.2%) $630,478 (0.9%) 1.38 949
    2022-01-01 $637,900 (29.2%) $794,846 (22.8%) 1.70 256
    2022-02-01 $620,000 (19.3%) $850,265 (19.1%) 1.58 225
    2022-03-01 $634,995 (13.2%) $860,376 (17.8%) 1.57 233
    2022-04-01 $625,000 (23.2%) $842,951 (22.0%) 1.47 303
    Fort Collins's median listing price for 2022-04-01 was $625,000, a difference of $117,500 (23.2%) versus the prior year and $-9,995 versus the prior month.

    Fort Collins's median listing price comes in at 147% of the national average.

    Fort Collins's average listing price for 2022-04-01 was $842,951, a difference of $152,108 (22.0%) versus the prior year and $-17,425 versus the prior month.

    For the 2022-04-01 period, Fort Collins had 303 MLS listings, a difference of 70 listings (30%) versus the prior month and -54 listings (-15%) 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 86 days 2,938 sqft
    2018-02-01 70 days 2,897 sqft
    2018-03-01 49 days 2,993 sqft
    2018-04-01 42 days 2,908 sqft
    2018-05-01 36 days 2,836 sqft
    2018-06-01 37 days 2,778 sqft
    2018-07-01 43 days 2,753 sqft
    2018-08-01 46 days 2,766 sqft
    2018-09-01 50 days 2,754 sqft
    2018-10-01 55 days 2,704 sqft
    2018-11-01 58 days 2,699 sqft
    2018-12-01 70 days 2,695 sqft
    2019-01-01 66 days 2,641 sqft
    2019-02-01 61 days 2,678 sqft
    2019-03-01 57 days 2,698 sqft
    2019-04-01 46 days 2,772 sqft
    2019-05-01 39 days 2,804 sqft
    2019-06-01 38 days 2,714 sqft
    2019-07-01 41 days 2,677 sqft
    2019-08-01 49 days 2,622 sqft
    2019-09-01 51 days 2,596 sqft
    2019-10-01 57 days 2,584 sqft
    2019-11-01 59 days 2,587 sqft
    2019-12-01 70 days 2,679 sqft
    2020-01-01 79 days 2,739 sqft
    2020-02-01 70 days 2,750 sqft
    2020-03-01 47 days 2,761 sqft
    2020-04-01 45 days 2,684 sqft
    2020-05-01 50 days 2,722 sqft
    2020-06-01 46 days 2,750 sqft
    2020-07-01 47 days 2,734 sqft
    2020-08-01 46 days 2,707 sqft
    2020-09-01 45 days 2,636 sqft
    2020-10-01 44 days 2,724 sqft
    2020-11-01 56 days 2,662 sqft
    2020-12-01 66 days 2,708 sqft
    2021-01-01 73 days 2,650 sqft
    2021-02-01 38 days 2,650 sqft
    2021-03-01 41 days 2,597 sqft
    2021-04-01 38 days 2,409 sqft
    2021-05-01 30 days 2,615 sqft
    2021-06-01 29 days 2,503 sqft
    2021-07-01 31 days 2,493 sqft
    2021-08-01 31 days 2,484 sqft
    2021-09-01 36 days 2,473 sqft
    2021-10-01 40 days 2,457 sqft
    2021-11-01 46 days 2,522 sqft
    2021-12-01 59 days 2,393 sqft
    2022-01-01 53 days 2,714 sqft
    2022-02-01 33 days 2,564 sqft
    2022-03-01 30 days 2,643 sqft
    2022-04-01 21 days 2,545 sqft
    Fort Collins's median listing age (time on market) for 2022-04-01 was 21 days. This is -44% shorter than the same period one year ago.

    Fort Collins's median square footage for active listings during the 2022-04-01 period was 2,545 sqft. One year prior, the average listing was 2,409 sqft.