Fort Morgan USDA Loan Rates, Closing Costs & Stats

Fort Morgan, 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 Morgan's 3 lenders originated 3 USDA loans during 2023. The total origination value was $595,000, with an average USDA loan value of $198,333.

Fort Morgan USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Fort Morgan averaged 6.83% for the week of 2024-07-19, compared to the national average (all USDA variants) of 6.628% for the same period.

Fort Morgan's average USDA mortgage closing costs are $6,034.

The average rate for the prior week (2024-07-12) was 6.55% and one month ago for the week of 2024-06-14, the average rate was 6.58%.

The average rate one year ago was 6.94%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.63%.

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

Fort Morgan 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 Morgan level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Equity Prime Mortgage LLC 1 6.13% $5,696
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.13% $8,976
HOMESTAR FINANCIAL CORPORATION 1 5.13% $3,182

The top Fort Morgan USDA lender as defined by loan originations is Equity Prime Mortgage LLC, with 1 USDA loans originated. Their average total fees are $5,696, which is $3,280 lower than the next largest lender, HOMEBRIDGE FINANCIAL SERVICES, INC..

The lowest fee Fort Morgan USDA lenders (with over 10 loans originated) are .

The lowest rate Fort Morgan USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fort Morgan (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 $290,000 (16.1%) $283,280 (9.9%) 0.00 103
2018-02-01 $290,000 (14.7%) $291,054 (11.5%) 0.00 96
2018-03-01 $290,000 (9.4%) $300,993 (10.9%) 0.00 86
2018-04-01 $290,000 (5.5%) $309,696 (11.7%) 0.00 80
2018-05-01 $290,000 (5.5%) $306,124 (9.7%) 0.00 91
2018-06-01 $290,000 (5.5%) $298,566 (4.8%) 0.00 99
2018-07-01 $290,000 (5.5%) $300,978 (4.7%) 0.00 93
2018-08-01 $290,000 (5.5%) $303,680 (4.3%) 0.00 103
2018-09-01 $290,000 (5.5%) $307,930 (11.4%) 0.00 119
2018-10-01 $294,625 (7.1%) $300,498 (7.4%) 0.00 113
2018-11-01 $299,000 (8.7%) $309,788 (10.2%) 0.00 105
2018-12-01 $299,000 (3.1%) $302,843 (4.2%) 0.00 97
2019-01-01 $299,000 (3.1%) $302,892 (6.9%) 0.00 91
2019-02-01 $299,000 (3.1%) $309,704 (6.4%) 0.00 84
2019-03-01 $299,000 (3.1%) $308,934 (2.6%) 0.00 88
2019-04-01 $299,000 (3.1%) $308,755 (-0.3%) 0.00 105
2019-05-01 $299,000 (3.1%) $314,851 (2.9%) 0.00 111
2019-06-01 $299,000 (3.1%) $319,525 (7.0%) 0.00 119
2019-07-01 $299,119 (3.1%) $335,406 (11.4%) 0.00 127
2019-08-01 $300,764 (3.7%) $339,439 (11.8%) 0.00 131
2019-09-01 $304,553 (5.0%) $336,769 (9.4%) 0.00 130
2019-10-01 $311,250 (5.6%) $343,405 (14.3%) 0.00 126
2019-11-01 $304,900 (2.0%) $340,490 (9.9%) 0.00 107
2019-12-01 $299,900 (0.3%) $334,439 (10.4%) 0.00 98
2020-01-01 $300,825 (0.6%) $338,199 (11.7%) 0.00 98
2020-02-01 $308,000 (3.0%) $339,466 (9.6%) 0.00 90
2020-03-01 $299,675 (0.2%) $347,557 (12.5%) 0.00 91
2020-04-01 $308,625 (3.2%) $354,382 (14.8%) 0.00 90
2020-05-01 $307,500 (2.8%) $336,047 (6.7%) 0.00 90
2020-06-01 $321,225 (7.4%) $348,957 (9.2%) 0.00 78
2020-07-01 $314,688 (5.2%) $343,714 (2.5%) 0.00 74
2020-08-01 $298,000 (-0.9%) $335,069 (-1.3%) 0.00 60
2020-09-01 $295,950 (-2.8%) $336,827 (0.0%) 0.00 55
2020-10-01 $305,000 (-2.0%) $345,120 (0.5%) 0.00 52
2020-11-01 $303,625 (-0.4%) $323,407 (-5.0%) 0.00 54
2020-12-01 $279,838 (-6.7%) $310,649 (-7.1%) 0.00 48
2021-01-01 $264,400 (-12.1%) $313,476 (-7.3%) 0.00 37
2021-02-01 $305,000 (-1.0%) $347,836 (2.5%) 0.00 31
2021-03-01 $293,718 (-2.0%) $318,188 (-8.5%) 0.00 27
2021-04-01 $316,250 (2.5%) $373,456 (5.4%) 0.00 28
2021-05-01 $334,500 (8.8%) $412,860 (22.9%) 0.00 27
2021-06-01 $368,475 (14.7%) $415,581 (19.1%) 0.00 34
2021-07-01 $376,450 (19.6%) $416,307 (21.1%) 0.00 31
2021-08-01 $368,500 (23.7%) $408,465 (21.9%) 0.00 35
2021-09-01 $362,500 (22.5%) $387,141 (14.9%) 0.00 40
2021-10-01 $325,000 (6.6%) $352,465 (2.1%) 0.00 45
2021-11-01 $325,000 (7.0%) $356,367 (10.2%) 0.00 44
2021-12-01 $322,500 (15.3%) $360,107 (15.9%) 0.00 91
2022-01-01 $314,950 (19.1%) $334,104 (6.6%) 0.00 52
2022-02-01 $322,475 (5.7%) $360,566 (3.7%) 0.00 40
2022-03-01 $325,000 (10.7%) $361,986 (13.8%) 0.00 37
2022-04-01 $385,000 (21.7%) $406,043 (8.7%) 0.00 42
2022-05-01 $448,250 (34.0%) $461,279 (11.7%) 0.00 57
2022-06-01 $447,750 (21.5%) $467,005 (12.4%) 0.00 66
2022-07-01 $453,271 (20.4%) $506,794 (21.7%) 0.00 82
2022-08-01 $455,000 (23.5%) $512,481 (25.5%) 0.00 96
2022-09-01 $439,000 (21.1%) $497,361 (28.5%) 0.00 105
2022-10-01 $425,000 (30.8%) $477,933 (35.6%) 0.00 96
2022-11-01 $412,750 (27.0%) $499,383 (40.1%) 0.00 97
2022-12-01 $400,000 (24.0%) $533,308 (48.1%) 0.00 92
2023-01-01 $368,000 (16.8%) $499,341 (49.5%) 0.00 80
2023-02-01 $395,750 (22.7%) $499,526 (38.5%) 0.00 75
2023-03-01 $392,500 (20.8%) $508,613 (40.5%) 0.00 75
2023-04-01 $375,000 (-2.6%) $515,745 (27.0%) 0.00 77
2023-05-01 $408,500 (-8.9%) $534,298 (15.8%) 0.00 85
2023-06-01 $416,250 (-7.0%) $524,831 (12.4%) 0.00 83
2023-07-01 $440,000 (-2.9%) $528,212 (4.2%) 0.00 82
2023-08-01 $406,250 (-10.7%) $498,820 (-2.7%) 0.00 93
2023-09-01 $399,000 (-9.1%) $518,723 (4.3%) 0.00 88
2023-10-01 $392,500 (-7.7%) $509,707 (6.7%) 0.00 87
2023-11-01 $387,950 (-6.0%) $463,816 (-7.1%) 0.00 86
2023-12-01 $375,000 (-6.3%) $441,213 (-17.3%) 0.00 89
2024-01-01 $368,250 (0.1%) $435,627 (-12.8%) 0.00 77
2024-02-01 $362,475 (-8.4%) $427,019 (-14.5%) 0.00 71
2024-03-01 $362,000 (-7.8%) $418,637 (-17.7%) 0.00 71
2024-04-01 $381,000 (1.6%) $446,032 (-13.5%) 0.00 85
2024-05-01 $378,000 (-7.5%) $432,289 (-19.1%) 0.00 85
2024-06-01 $377,500 (-9.3%) $429,283 (-18.2%) 0.00 90
Fort Morgan's median listing price for 2024-06-01 was $377,500, a difference of $-38,750 (-9.3%) versus the prior year and $-500 versus the prior month.

Fort Morgan's median listing price comes in at 0% of the national average.

Fort Morgan's average listing price for 2024-06-01 was $429,283, a difference of $-95,548 (-18.2%) versus the prior year and $-3,006 versus the prior month.

For the 2024-06-01 period, Fort Morgan had 90 MLS listings, a difference of 5 listings (6%) versus the prior month and 7 listings (8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fort Morgan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,915 sqft
2018-02-01 0 days 1,898 sqft
2018-03-01 0 days 2,012 sqft
2018-04-01 0 days 2,226 sqft
2018-05-01 0 days 2,233 sqft
2018-06-01 0 days 2,080 sqft
2018-07-01 0 days 2,126 sqft
2018-08-01 0 days 2,175 sqft
2018-09-01 0 days 2,184 sqft
2018-10-01 0 days 2,087 sqft
2018-11-01 0 days 2,176 sqft
2018-12-01 0 days 2,275 sqft
2019-01-01 0 days 2,184 sqft
2019-02-01 0 days 2,171 sqft
2019-03-01 0 days 2,191 sqft
2019-04-01 0 days 2,207 sqft
2019-05-01 0 days 2,217 sqft
2019-06-01 0 days 2,311 sqft
2019-07-01 0 days 2,351 sqft
2019-08-01 0 days 2,363 sqft
2019-09-01 0 days 2,369 sqft
2019-10-01 0 days 2,417 sqft
2019-11-01 0 days 2,404 sqft
2019-12-01 0 days 2,422 sqft
2020-01-01 0 days 2,411 sqft
2020-02-01 0 days 2,466 sqft
2020-03-01 0 days 2,480 sqft
2020-04-01 0 days 2,491 sqft
2020-05-01 0 days 2,336 sqft
2020-06-01 0 days 2,480 sqft
2020-07-01 0 days 2,275 sqft
2020-08-01 0 days 2,180 sqft
2020-09-01 0 days 2,210 sqft
2020-10-01 0 days 2,369 sqft
2020-11-01 0 days 2,223 sqft
2020-12-01 0 days 2,110 sqft
2021-01-01 0 days 2,315 sqft
2021-02-01 0 days 2,075 sqft
2021-03-01 0 days 2,112 sqft
2021-04-01 0 days 2,246 sqft
2021-05-01 0 days 2,235 sqft
2021-06-01 0 days 2,181 sqft
2021-07-01 0 days 2,335 sqft
2021-08-01 0 days 2,227 sqft
2021-09-01 0 days 2,127 sqft
2021-10-01 0 days 1,981 sqft
2021-11-01 0 days 2,027 sqft
2021-12-01 0 days 2,030 sqft
2022-01-01 0 days 2,020 sqft
2022-02-01 0 days 2,020 sqft
2022-03-01 0 days 2,099 sqft
2022-04-01 0 days 2,264 sqft
2022-05-01 0 days 2,772 sqft
2022-06-01 0 days 2,795 sqft
2022-07-01 0 days 2,754 sqft
2022-08-01 0 days 2,770 sqft
2022-09-01 0 days 2,491 sqft
2022-10-01 0 days 2,300 sqft
2022-11-01 0 days 2,300 sqft
2022-12-01 0 days 2,280 sqft
2023-01-01 0 days 2,086 sqft
2023-02-01 0 days 2,233 sqft
2023-03-01 0 days 2,176 sqft
2023-04-01 0 days 2,104 sqft
2023-05-01 0 days 2,252 sqft
2023-06-01 0 days 2,449 sqft
2023-07-01 0 days 2,478 sqft
2023-08-01 0 days 2,465 sqft
2023-09-01 0 days 2,375 sqft
2023-10-01 0 days 2,444 sqft
2023-11-01 0 days 2,446 sqft
2023-12-01 0 days 2,402 sqft
2024-01-01 0 days 2,294 sqft
2024-02-01 0 days 2,376 sqft
2024-03-01 0 days 1,936 sqft
2024-04-01 0 days 2,224 sqft
2024-05-01 0 days 2,249 sqft
2024-06-01 0 days 2,375 sqft
Fort Morgan's median listing age (time on market) for 2024-06-01 was 0 days.

Fort Morgan's median square footage for active listings during the 2024-06-01 period was 2,375 sqft. One year prior, the average listing was 2,449 sqft.