Gillette USDA Loan Rates, Closing Costs & Stats

Gillette, WY

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 -0.3% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2024-11-22) was 6.41% and one month ago for the week of 2024-10-25, the average rate was 6.41%.

The average rate one year ago was 6.81%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.1%.

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
2024-04-01 $450,708 (18.6%) $728,299 (51.2%) 0.00 129
2024-05-01 $463,940 (13.5%) $725,474 (48.4%) 0.00 141
2024-06-01 $438,450 (9.6%) $683,389 (35.0%) 0.00 151
2024-07-01 $419,940 (5.1%) $673,516 (6.0%) 0.00 165
2024-08-01 $395,000 (-1.2%) $650,322 (5.1%) 0.00 187
2024-09-01 $408,750 (2.2%) $647,766 (6.8%) 0.00 191
2024-10-01 $408,750 (-0.3%) $650,364 (5.2%) 0.00 189
Gillette's median listing price for 2024-10-01 was $408,750, a difference of $-1,150 (-0.3%) versus the prior year and $0 versus the prior month.

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

Gillette's average listing price for 2024-10-01 was $650,364, a difference of $32,103 (5.2%) versus the prior year and $2,598 versus the prior month.

For the 2024-10-01 period, Gillette had 189 MLS listings, a difference of -2 listings (-1%) versus the prior month and 32 listings (20%) 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
2024-04-01 0 days 2,387 sqft
2024-05-01 0 days 2,397 sqft
2024-06-01 0 days 2,400 sqft
2024-07-01 0 days 2,354 sqft
2024-08-01 0 days 2,226 sqft
2024-09-01 0 days 2,271 sqft
2024-10-01 0 days 2,294 sqft
Gillette's median listing age (time on market) for 2024-10-01 was 0 days.

Gillette's median square footage for active listings during the 2024-10-01 period was 2,294 sqft. One year prior, the average listing was 2,346 sqft.