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 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
0.05%
for the week of 2022-11-25, compared to the national average (all USDA variants) of
0% for the same period.
Fort Collins's average USDA mortgage closing costs are $7,266.
The average rate for the prior week (2022-11-18) was
6.4% and
one month ago for the week of 2022-10-21, the
average rate was 6.71%.
The average rate one year ago was 3.35%.
For refis of the same type during the week of 2022-11-25, the average rate
was -0.4%.
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 | 2021 Avg. 30yFix Rate | 2021 Avg. Closing Costs |
|---|---|---|---|
| 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 | $469,950 (6.8%) | $578,888 (4.6%) | 1.74 | 827 |
| 2018-02-01 | $473,815 (5.5%) | $593,376 (4.9%) | 1.72 | 811 |
| 2018-03-01 | $480,599 (6.8%) | $616,341 (9.5%) | 1.69 | 860 |
| 2018-04-01 | $490,950 (9.1%) | $620,647 (12.1%) | 1.66 | 905 |
| 2018-05-01 | $491,300 (8.0%) | $616,956 (10.4%) | 1.64 | 1,057 |
| 2018-06-01 | $481,675 (4.8%) | $610,129 (6.6%) | 1.61 | 1,157 |
| 2018-07-01 | $481,995 (5.4%) | $603,782 (4.7%) | 1.61 | 1,261 |
| 2018-08-01 | $466,950 (3.8%) | $588,113 (2.9%) | 1.56 | 1,326 |
| 2018-09-01 | $464,950 (3.3%) | $586,529 (3.1%) | 1.56 | 1,348 |
| 2018-10-01 | $452,145 (-0.7%) | $577,143 (0.7%) | 1.53 | 1,295 |
| 2018-11-01 | $449,000 (-2.1%) | $569,146 (0.2%) | 1.52 | 1,255 |
| 2018-12-01 | $439,990 (-5.4%) | $560,305 (-2.9%) | 1.52 | 1,128 |
| 2019-01-01 | $439,498 (-6.5%) | $553,836 (-4.3%) | 1.52 | 1,044 |
| 2019-02-01 | $441,050 (-6.9%) | $553,336 (-6.8%) | 1.49 | 1,041 |
| 2019-03-01 | $445,909 (-7.2%) | $562,286 (-8.8%) | 1.46 | 1,023 |
| 2019-04-01 | $451,200 (-8.1%) | $571,431 (-7.9%) | 1.43 | 1,037 |
| 2019-05-01 | $452,450 (-7.9%) | $573,634 (-7.0%) | 1.41 | 1,164 |
| 2019-06-01 | $443,500 (-7.9%) | $558,043 (-8.5%) | 1.39 | 1,383 |
| 2019-07-01 | $437,583 (-9.2%) | $558,217 (-7.6%) | 1.37 | 1,538 |
| 2019-08-01 | $433,713 (-7.1%) | $554,145 (-5.8%) | 1.37 | 1,512 |
| 2019-09-01 | $431,782 (-7.1%) | $551,921 (-5.9%) | 1.38 | 1,473 |
| 2019-10-01 | $430,495 (-4.8%) | $551,339 (-4.5%) | 1.39 | 1,427 |
| 2019-11-01 | $430,582 (-4.1%) | $552,145 (-3.0%) | 1.41 | 1,306 |
| 2019-12-01 | $433,127 (-1.6%) | $552,936 (-1.3%) | 1.44 | 1,130 |
| 2020-01-01 | $439,239 (-0.1%) | $565,516 (2.1%) | 1.47 | 1,011 |
| 2020-02-01 | $449,900 (2.0%) | $571,032 (3.2%) | 1.47 | 967 |
| 2020-03-01 | $452,000 (1.4%) | $575,731 (2.4%) | 1.42 | 976 |
| 2020-04-01 | $452,000 (0.2%) | $585,088 (2.4%) | 1.42 | 1,125 |
| 2020-05-01 | $460,000 (1.7%) | $588,653 (2.6%) | 1.40 | 1,289 |
| 2020-06-01 | $472,326 (6.5%) | $600,091 (7.5%) | 1.39 | 1,214 |
| 2020-07-01 | $469,900 (7.4%) | $596,767 (6.9%) | 1.36 | 1,147 |
| 2020-08-01 | $469,900 (8.3%) | $603,183 (8.9%) | 1.35 | 1,030 |
| 2020-09-01 | $465,127 (7.7%) | $609,195 (10.4%) | 1.33 | 924 |
| 2020-10-01 | $474,999 (10.3%) | $616,684 (11.9%) | 1.36 | 798 |
| 2020-11-01 | $473,750 (10.0%) | $619,883 (12.3%) | 1.38 | 732 |
| 2020-12-01 | $475,027 (9.7%) | $624,783 (13.0%) | 1.41 | 651 |
| 2021-01-01 | $476,663 (8.5%) | $646,579 (14.3%) | 1.42 | 492 |
| 2021-02-01 | $494,575 (9.9%) | $696,016 (21.9%) | 1.44 | 434 |
| 2021-03-01 | $516,986 (14.4%) | $711,584 (23.6%) | 1.47 | 378 |
| 2021-04-01 | $499,950 (10.6%) | $693,309 (18.5%) | 1.35 | 380 |
| 2021-05-01 | $545,000 (18.5%) | $705,229 (19.8%) | 1.44 | 380 |
| 2021-06-01 | $532,500 (12.7%) | $696,190 (16.0%) | 1.40 | 476 |
| 2021-07-01 | $549,000 (16.8%) | $695,494 (16.5%) | 1.45 | 555 |
| 2021-08-01 | $544,425 (15.9%) | $689,478 (14.3%) | 1.45 | 601 |
| 2021-09-01 | $544,225 (17.0%) | $685,400 (12.5%) | 1.45 | 591 |
| 2021-10-01 | $552,690 (16.4%) | $706,784 (14.6%) | 1.47 | 545 |
| 2021-11-01 | $562,261 (18.7%) | $712,014 (14.9%) | 1.50 | 432 |
| 2021-12-01 | $511,133 (7.6%) | $626,070 (0.2%) | 1.39 | 979 |
| 2022-01-01 | $600,258 (25.9%) | $789,756 (22.1%) | 1.62 | 263 |
| 2022-02-01 | $597,925 (20.9%) | $830,601 (19.3%) | 1.56 | 227 |
| 2022-03-01 | $608,648 (17.7%) | $834,257 (17.2%) | 1.52 | 245 |
| 2022-04-01 | $600,000 (20.0%) | $810,610 (16.9%) | 1.43 | 326 |
| 2022-05-01 | $624,440 (14.6%) | $801,108 (13.6%) | 1.43 | 504 |
| 2022-06-01 | $627,450 (17.8%) | $794,408 (14.1%) | 1.40 | 670 |
| 2022-07-01 | $636,500 (15.9%) | $782,829 (12.6%) | 1.44 | 828 |
| 2022-08-01 | $636,000 (16.8%) | $808,699 (17.3%) | 1.47 | 839 |
| 2022-09-01 | $620,900 (14.1%) | $786,415 (14.7%) | 1.45 | 882 |
| 2022-10-01 | $610,000 (10.4%) | $785,902 (11.2%) | 1.44 | 896 |
Fort Collins's median listing price comes in at 144% of the national average.
Fort Collins's average listing price for 2022-10-01 was $785,902, a difference of $79,118 (11.2%) versus the prior year and $-513 versus the prior month.
For the 2022-10-01 period, Fort Collins had 896 MLS listings, a difference of 14 listings (2%) versus the prior month and 351 listings (64%) 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 | 89 days | 3,007 sqft |
| 2018-02-01 | 68 days | 2,977 sqft |
| 2018-03-01 | 47 days | 3,033 sqft |
| 2018-04-01 | 43 days | 3,004 sqft |
| 2018-05-01 | 38 days | 2,896 sqft |
| 2018-06-01 | 37 days | 2,840 sqft |
| 2018-07-01 | 44 days | 2,823 sqft |
| 2018-08-01 | 47 days | 2,793 sqft |
| 2018-09-01 | 52 days | 2,784 sqft |
| 2018-10-01 | 57 days | 2,743 sqft |
| 2018-11-01 | 59 days | 2,735 sqft |
| 2018-12-01 | 72 days | 2,698 sqft |
| 2019-01-01 | 71 days | 2,606 sqft |
| 2019-02-01 | 59 days | 2,663 sqft |
| 2019-03-01 | 50 days | 2,687 sqft |
| 2019-04-01 | 45 days | 2,756 sqft |
| 2019-05-01 | 38 days | 2,796 sqft |
| 2019-06-01 | 38 days | 2,696 sqft |
| 2019-07-01 | 41 days | 2,684 sqft |
| 2019-08-01 | 48 days | 2,606 sqft |
| 2019-09-01 | 54 days | 2,595 sqft |
| 2019-10-01 | 58 days | 2,588 sqft |
| 2019-11-01 | 63 days | 2,590 sqft |
| 2019-12-01 | 82 days | 2,660 sqft |
| 2020-01-01 | 83 days | 2,659 sqft |
| 2020-02-01 | 74 days | 2,693 sqft |
| 2020-03-01 | 53 days | 2,694 sqft |
| 2020-04-01 | 52 days | 2,690 sqft |
| 2020-05-01 | 53 days | 2,738 sqft |
| 2020-06-01 | 51 days | 2,745 sqft |
| 2020-07-01 | 53 days | 2,730 sqft |
| 2020-08-01 | 57 days | 2,720 sqft |
| 2020-09-01 | 60 days | 2,642 sqft |
| 2020-10-01 | 61 days | 2,580 sqft |
| 2020-11-01 | 68 days | 2,517 sqft |
| 2020-12-01 | 82 days | 2,518 sqft |
| 2021-01-01 | 87 days | 2,490 sqft |
| 2021-02-01 | 56 days | 2,485 sqft |
| 2021-03-01 | 61 days | 2,529 sqft |
| 2021-04-01 | 54 days | 2,417 sqft |
| 2021-05-01 | 40 days | 2,533 sqft |
| 2021-06-01 | 31 days | 2,474 sqft |
| 2021-07-01 | 38 days | 2,489 sqft |
| 2021-08-01 | 37 days | 2,472 sqft |
| 2021-09-01 | 37 days | 2,480 sqft |
| 2021-10-01 | 39 days | 2,452 sqft |
| 2021-11-01 | 45 days | 2,490 sqft |
| 2021-12-01 | 61 days | 2,396 sqft |
| 2022-01-01 | 53 days | 2,575 sqft |
| 2022-02-01 | 32 days | 2,457 sqft |
| 2022-03-01 | 28 days | 2,523 sqft |
| 2022-04-01 | 19 days | 2,526 sqft |
| 2022-05-01 | 18 days | 2,516 sqft |
| 2022-06-01 | 23 days | 2,609 sqft |
| 2022-07-01 | 28 days | 2,649 sqft |
| 2022-08-01 | 37 days | 2,648 sqft |
| 2022-09-01 | 40 days | 2,568 sqft |
| 2022-10-01 | 44 days | 2,601 sqft |
Fort Collins's median square footage for active listings during the 2022-10-01 period was 2,601 sqft. One year prior, the average listing was 2,452 sqft.
