Gillette USDA Loan Rates, Closing Costs & Stats

Gillette, WY

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    • 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.

    Gillette's 8 lenders originated 32 USDA loans during 2023. The total origination value was $6,850,000, with an average USDA loan value of $214,063.

    Gillette USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Gillette averaged 6.77% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Gillette's average USDA mortgage closing costs are $6,731.

    The average rate for the prior week (2024-04-12) was 6.72% and one month ago for the week of 2024-03-15, the average rate was 6.4%.

    The average rate one year ago was 6.24%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Gillette 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 Gillette level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    BAY EQUITY LLC 12 6.35% $8,232
    Pinnacle Bank - Wyoming 5 5.80% $6,397
    UNITED WHOLESALE MORTGAGE, LLC 5 6.15% $6,664
    Unify Home Lending Inc. 3 6.42% $2,979
    PLAZA HOME MORTGAGE, INC. 2 5.88% $5,789
    UNION HOME MORTGAGE CORP. 2 6.69% $11,646
    Plains Commerce Bank 1 5.75% $6,613
    First Interstate Bank 1 5.38% $3,820

    The top Gillette USDA lender as defined by loan originations is BAY EQUITY LLC, with 12 USDA loans originated. Their average total fees are $8,232, which is $1,835 higher than the next largest lender, Pinnacle Bank - Wyoming.

    The lowest fee Gillette USDA lenders (with over 10 loans originated) are BAY EQUITY LLC ($8,232), .

    The lowest rate Gillette USDA lenders (with over 10 loans originated) are BAY EQUITY LLC (6.35%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Gillette (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 $199,900 (0.0%) $222,887 (-5.9%) 0.00 431
    2018-02-01 $199,900 (0.0%) $226,878 (-4.5%) 0.00 436
    2018-03-01 $199,900 (-1.3%) $228,238 (-6.3%) 0.00 438
    2018-04-01 $200,000 (-2.4%) $237,302 (-1.7%) 0.00 449
    2018-05-01 $209,175 (2.1%) $244,300 (1.8%) 0.00 457
    2018-06-01 $217,400 (6.1%) $249,105 (5.0%) 0.00 487
    2018-07-01 $219,900 (7.3%) $256,727 (8.1%) 0.00 487
    2018-08-01 $218,750 (6.5%) $254,749 (8.0%) 0.00 494
    2018-09-01 $214,900 (4.9%) $249,193 (7.0%) 0.00 472
    2018-10-01 $215,000 (7.6%) $250,945 (9.1%) 0.00 460
    2018-11-01 $214,950 (7.5%) $253,275 (10.8%) 0.00 439
    2018-12-01 $210,000 (5.1%) $251,705 (10.5%) 0.00 414
    2019-01-01 $209,975 (5.0%) $250,903 (12.6%) 0.00 396
    2019-02-01 $212,500 (6.3%) $253,395 (11.7%) 0.00 378
    2019-03-01 $212,500 (6.3%) $252,252 (10.5%) 0.00 374
    2019-04-01 $214,725 (7.4%) $252,473 (6.4%) 0.00 366
    2019-05-01 $220,000 (5.2%) $264,726 (8.4%) 0.00 345
    2019-06-01 $221,400 (1.8%) $264,623 (6.2%) 0.00 350
    2019-07-01 $219,000 (-0.4%) $264,257 (2.9%) 0.00 393
    2019-08-01 $217,500 (-0.6%) $261,963 (2.8%) 0.00 390
    2019-09-01 $215,250 (0.2%) $260,214 (4.4%) 0.00 386
    2019-10-01 $213,225 (-0.8%) $258,008 (2.8%) 0.00 381
    2019-11-01 $209,950 (-2.3%) $258,748 (2.2%) 0.00 330
    2019-12-01 $213,475 (1.7%) $260,376 (3.4%) 0.00 303
    2020-01-01 $213,950 (1.9%) $262,662 (4.7%) 0.00 283
    2020-02-01 $209,000 (-1.7%) $258,920 (2.2%) 0.00 261
    2020-03-01 $208,475 (-1.9%) $257,731 (2.2%) 0.00 272
    2020-04-01 $220,450 (2.7%) $271,052 (7.4%) 0.00 270
    2020-05-01 $225,000 (2.3%) $276,969 (4.6%) 0.00 286
    2020-06-01 $229,600 (3.7%) $286,462 (8.3%) 0.00 311
    2020-07-01 $225,000 (2.7%) $282,610 (7.0%) 0.00 297
    2020-08-01 $220,000 (1.2%) $283,366 (8.2%) 0.00 292
    2020-09-01 $225,000 (4.5%) $284,812 (9.5%) 0.00 293
    2020-10-01 $221,700 (4.0%) $289,979 (12.4%) 0.00 267
    2020-11-01 $222,400 (5.9%) $289,424 (11.9%) 0.00 248
    2020-12-01 $215,225 (0.8%) $285,137 (9.5%) 0.00 243
    2021-01-01 $214,950 (0.5%) $289,479 (10.2%) 0.00 221
    2021-02-01 $214,925 (2.8%) $269,636 (4.1%) 0.00 212
    2021-03-01 $219,975 (5.5%) $298,276 (15.7%) 0.00 202
    2021-04-01 $225,975 (2.5%) $306,990 (13.3%) 0.00 191
    2021-05-01 $223,450 (-0.7%) $308,039 (11.2%) 0.00 192
    2021-06-01 $231,475 (0.8%) $323,449 (12.9%) 0.00 201
    2021-07-01 $235,000 (4.4%) $330,606 (17.0%) 0.00 206
    2021-08-01 $251,150 (14.2%) $343,216 (21.1%) 0.00 201
    2021-09-01 $249,900 (11.1%) $338,627 (18.9%) 0.00 184
    2021-10-01 $249,900 (12.7%) $354,057 (22.1%) 0.00 148
    2021-11-01 $249,900 (12.4%) $373,443 (29.0%) 0.00 150
    2021-12-01 $256,150 (19.0%) $463,119 (62.4%) 0.00 135
    2022-01-01 $280,000 (30.3%) $521,474 (80.1%) 0.00 106
    2022-02-01 $301,175 (40.1%) $546,626 (102.7%) 0.00 104
    2022-03-01 $328,900 (49.5%) $555,099 (86.1%) 0.00 107
    2022-04-01 $339,000 (50.0%) $500,955 (63.2%) 0.00 111
    2022-05-01 $346,250 (55.0%) $512,593 (66.4%) 0.00 113
    2022-06-01 $337,500 (45.8%) $527,970 (63.2%) 0.00 128
    2022-07-01 $375,400 (59.7%) $520,572 (57.5%) 0.00 142
    2022-08-01 $366,425 (45.9%) $505,311 (47.2%) 0.00 159
    2022-09-01 $360,675 (44.3%) $500,339 (47.8%) 0.00 152
    2022-10-01 $375,000 (50.1%) $502,878 (42.0%) 0.00 142
    2022-11-01 $377,450 (51.0%) $478,948 (28.3%) 0.00 134
    2022-12-01 $357,450 (39.6%) $426,054 (-8.0%) 0.00 129
    2023-01-01 $359,675 (28.5%) $434,425 (-16.7%) 0.00 108
    2023-02-01 $377,900 (25.5%) $471,748 (-13.7%) 0.00 82
    2023-03-01 $373,900 (13.7%) $476,111 (-14.2%) 0.00 77
    2023-04-01 $380,000 (12.1%) $481,737 (-3.8%) 0.00 92
    2023-05-01 $408,700 (18.0%) $488,961 (-4.6%) 0.00 117
    2023-06-01 $399,900 (18.5%) $506,088 (-4.1%) 0.00 116
    2023-07-01 $399,700 (6.5%) $635,311 (22.0%) 0.00 142
    2023-08-01 $399,900 (9.1%) $618,733 (22.5%) 0.00 163
    2023-09-01 $399,950 (10.9%) $606,627 (21.2%) 0.00 164
    2023-10-01 $409,900 (9.3%) $618,261 (22.9%) 0.00 157
    2023-11-01 $406,725 (7.8%) $647,596 (35.2%) 0.00 157
    2023-12-01 $445,000 (24.5%) $688,376 (61.6%) 0.00 146
    2024-01-01 $435,000 (20.9%) $694,080 (59.8%) 0.00 136
    2024-02-01 $437,019 (15.6%) $695,459 (47.4%) 0.00 133
    2024-03-01 $435,000 (16.3%) $716,011 (50.4%) 0.00 134
    Gillette's median listing price for 2024-03-01 was $435,000, a difference of $61,100 (16.3%) versus the prior year and $-2,019 versus the prior month.

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

    Gillette's average listing price for 2024-03-01 was $716,011, a difference of $239,900 (50.4%) versus the prior year and $20,552 versus the prior month.

    For the 2024-03-01 period, Gillette had 134 MLS listings, a difference of 1 listings (1%) versus the prior month and 57 listings (74%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Gillette (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,030 sqft
    2018-02-01 0 days 2,050 sqft
    2018-03-01 0 days 2,064 sqft
    2018-04-01 0 days 2,075 sqft
    2018-05-01 0 days 2,120 sqft
    2018-06-01 0 days 2,128 sqft
    2018-07-01 0 days 2,188 sqft
    2018-08-01 0 days 2,173 sqft
    2018-09-01 0 days 2,140 sqft
    2018-10-01 0 days 2,172 sqft
    2018-11-01 0 days 2,132 sqft
    2018-12-01 0 days 2,064 sqft
    2019-01-01 0 days 2,059 sqft
    2019-02-01 0 days 2,058 sqft
    2019-03-01 0 days 2,064 sqft
    2019-04-01 0 days 2,104 sqft
    2019-05-01 0 days 2,176 sqft
    2019-06-01 0 days 2,172 sqft
    2019-07-01 0 days 2,213 sqft
    2019-08-01 0 days 2,195 sqft
    2019-09-01 0 days 2,180 sqft
    2019-10-01 0 days 2,171 sqft
    2019-11-01 0 days 2,178 sqft
    2019-12-01 0 days 2,144 sqft
    2020-01-01 0 days 2,172 sqft
    2020-02-01 0 days 2,067 sqft
    2020-03-01 0 days 2,057 sqft
    2020-04-01 0 days 2,230 sqft
    2020-05-01 0 days 2,258 sqft
    2020-06-01 0 days 2,284 sqft
    2020-07-01 0 days 2,248 sqft
    2020-08-01 0 days 2,256 sqft
    2020-09-01 0 days 2,243 sqft
    2020-10-01 0 days 2,260 sqft
    2020-11-01 0 days 2,125 sqft
    2020-12-01 0 days 2,108 sqft
    2021-01-01 0 days 2,112 sqft
    2021-02-01 0 days 2,112 sqft
    2021-03-01 0 days 2,146 sqft
    2021-04-01 0 days 2,132 sqft
    2021-05-01 0 days 2,089 sqft
    2021-06-01 0 days 2,246 sqft
    2021-07-01 0 days 2,280 sqft
    2021-08-01 0 days 2,265 sqft
    2021-09-01 0 days 2,194 sqft
    2021-10-01 0 days 2,128 sqft
    2021-11-01 0 days 2,128 sqft
    2021-12-01 0 days 2,132 sqft
    2022-01-01 0 days 2,283 sqft
    2022-02-01 0 days 2,285 sqft
    2022-03-01 0 days 2,354 sqft
    2022-04-01 0 days 2,299 sqft
    2022-05-01 0 days 2,390 sqft
    2022-06-01 0 days 2,430 sqft
    2022-07-01 0 days 2,431 sqft
    2022-08-01 0 days 2,429 sqft
    2022-09-01 0 days 2,434 sqft
    2022-10-01 0 days 2,618 sqft
    2022-11-01 0 days 2,708 sqft
    2022-12-01 0 days 2,584 sqft
    2023-01-01 0 days 2,615 sqft
    2023-02-01 0 days 2,741 sqft
    2023-03-01 0 days 2,685 sqft
    2023-04-01 0 days 2,540 sqft
    2023-05-01 0 days 2,540 sqft
    2023-06-01 0 days 2,539 sqft
    2023-07-01 0 days 2,504 sqft
    2023-08-01 0 days 2,401 sqft
    2023-09-01 0 days 2,300 sqft
    2023-10-01 0 days 2,346 sqft
    2023-11-01 0 days 2,398 sqft
    2023-12-01 0 days 2,394 sqft
    2024-01-01 0 days 2,363 sqft
    2024-02-01 0 days 2,350 sqft
    2024-03-01 0 days 2,354 sqft
    Gillette's median listing age (time on market) for 2024-03-01 was 0 days.

    Gillette's median square footage for active listings during the 2024-03-01 period was 2,354 sqft. One year prior, the average listing was 2,685 sqft.