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
6.5%
for the week of 2024-04-12, compared to the national average (all USDA variants) of
6.705% for the same period.
Fort Morgan's average USDA mortgage closing costs are $6,034.
The average rate for the prior week (2024-04-05) was
6.73% and
one month ago for the week of 2024-03-08, the
average rate was 6.79%.
The average rate one year ago was 6.09%.
For refis of the same type during the week of 2024-04-12, the average rate
was 6.61%.
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 |
Fort Morgan's median listing price comes in at 0% of the national average.
Fort Morgan's average listing price for 2024-03-01 was $418,637, a difference of $-89,976 (-17.7%) versus the prior year and $-8,382 versus the prior month.
For the 2024-03-01 period, Fort Morgan had 71 MLS listings, a difference of 0 listings (0%) versus the prior month and -4 listings (-5%) 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 |
Fort Morgan's median square footage for active listings during the 2024-03-01 period was 1,936 sqft. One year prior, the average listing was 2,176 sqft.