Fort Collins USDA Loans

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 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.