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%.
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. LouisDate | 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 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. LouisDate | 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 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.