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 6.23% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.59% and one month ago for the week of 2025-01-10, the average rate was 6.64%.

    The average rate one year ago was 6.53%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.73%.

    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 $204,815 (2.5%) $225,448 (0.1%) 0.00 311
    2018-02-01 $205,000 (2.9%) $229,295 (1.1%) 0.00 319
    2018-03-01 $205,000 (2.5%) $229,856 (-1.7%) 0.00 319
    2018-04-01 $207,375 (3.2%) $236,033 (1.8%) 0.00 335
    2018-05-01 $209,900 (1.9%) $239,017 (2.3%) 0.00 339
    2018-06-01 $219,700 (6.7%) $241,678 (3.8%) 0.00 352
    2018-07-01 $220,000 (7.1%) $249,033 (6.8%) 0.00 356
    2018-08-01 $219,900 (5.2%) $246,196 (5.5%) 0.00 363
    2018-09-01 $215,000 (4.9%) $241,435 (4.8%) 0.00 348
    2018-10-01 $215,125 (7.6%) $241,051 (6.6%) 0.00 339
    2018-11-01 $214,950 (4.9%) $241,797 (6.4%) 0.00 324
    2018-12-01 $211,000 (2.9%) $239,692 (5.0%) 0.00 302
    2019-01-01 $209,450 (2.3%) $237,803 (5.5%) 0.00 287
    2019-02-01 $209,475 (2.2%) $239,513 (4.5%) 0.00 280
    2019-03-01 $210,257 (2.6%) $239,549 (4.2%) 0.00 275
    2019-04-01 $212,000 (2.2%) $239,904 (1.6%) 0.00 267
    2019-05-01 $217,850 (3.8%) $248,779 (4.1%) 0.00 239
    2019-06-01 $219,950 (0.1%) $251,353 (4.0%) 0.00 238
    2019-07-01 $215,500 (-2.1%) $249,933 (0.4%) 0.00 280
    2019-08-01 $215,791 (-1.9%) $251,037 (2.0%) 0.00 281
    2019-09-01 $216,977 (0.9%) $253,012 (4.8%) 0.00 278
    2019-10-01 $217,800 (1.2%) $254,155 (5.4%) 0.00 272
    2019-11-01 $219,450 (2.1%) $256,413 (6.0%) 0.00 224
    2019-12-01 $219,950 (4.2%) $258,424 (7.8%) 0.00 200
    2020-01-01 $223,725 (6.8%) $260,682 (9.6%) 0.00 184
    2020-02-01 $210,000 (0.3%) $253,068 (5.7%) 0.00 165
    2020-03-01 $212,175 (0.9%) $251,089 (4.8%) 0.00 176
    2020-04-01 $225,000 (6.1%) $258,658 (7.8%) 0.00 180
    2020-05-01 $229,000 (5.1%) $265,924 (6.9%) 0.00 188
    2020-06-01 $229,975 (4.6%) $272,825 (8.5%) 0.00 211
    2020-07-01 $231,650 (7.5%) $273,313 (9.4%) 0.00 199
    2020-08-01 $225,000 (4.3%) $262,639 (4.6%) 0.00 196
    2020-09-01 $225,000 (3.7%) $262,532 (3.8%) 0.00 200
    2020-10-01 $225,000 (3.3%) $272,770 (7.3%) 0.00 176
    2020-11-01 $222,450 (1.4%) $274,253 (7.0%) 0.00 168
    2020-12-01 $219,300 (-0.3%) $273,614 (5.9%) 0.00 166
    2021-01-01 $215,000 (-3.9%) $282,305 (8.3%) 0.00 155
    2021-02-01 $219,950 (4.7%) $267,046 (5.5%) 0.00 150
    2021-03-01 $228,200 (7.6%) $273,558 (9.0%) 0.00 147
    2021-04-01 $228,450 (1.5%) $273,703 (5.8%) 0.00 132
    2021-05-01 $224,950 (-1.8%) $269,414 (1.3%) 0.00 132
    2021-06-01 $229,900 (0.0%) $278,205 (2.0%) 0.00 138
    2021-07-01 $229,900 (-0.8%) $277,369 (1.5%) 0.00 129
    2021-08-01 $247,950 (10.2%) $302,768 (15.3%) 0.00 105
    2021-09-01 $241,500 (7.3%) $300,114 (14.3%) 0.00 95
    2021-10-01 $236,000 (4.9%) $270,813 (-0.7%) 0.00 75
    2021-11-01 $238,450 (7.2%) $269,268 (-1.8%) 0.00 87
    2021-12-01 $246,225 (12.3%) $403,219 (47.4%) 0.00 76
    2022-01-01 $259,900 (20.9%) $468,681 (66.0%) 0.00 56
    2022-02-01 $282,850 (28.6%) $481,052 (80.1%) 0.00 57
    2022-03-01 $315,725 (38.4%) $505,428 (84.8%) 0.00 57
    2022-04-01 $312,450 (36.8%) $364,540 (33.2%) 0.00 61
    2022-05-01 $312,450 (38.9%) $375,996 (39.6%) 0.00 60
    2022-06-01 $322,250 (40.2%) $462,589 (66.3%) 0.00 73
    2022-07-01 $369,900 (60.9%) $471,863 (70.1%) 0.00 77
    2022-08-01 $376,225 (51.7%) $485,818 (60.5%) 0.00 90
    2022-09-01 $374,725 (55.2%) $482,283 (60.7%) 0.00 86
    2022-10-01 $379,900 (61.0%) $496,326 (83.3%) 0.00 86
    2022-11-01 $384,925 (61.4%) $446,062 (65.7%) 0.00 85
    2022-12-01 $355,000 (44.2%) $385,843 (-4.3%) 0.00 88
    2023-01-01 $360,000 (38.5%) $382,791 (-18.3%) 0.00 72
    2023-02-01 $404,925 (43.2%) $410,182 (-14.7%) 0.00 54
    2023-03-01 $384,925 (21.9%) $406,647 (-19.5%) 0.00 50
    2023-04-01 $399,900 (28.0%) $424,266 (16.4%) 0.00 60
    2023-05-01 $407,425 (30.4%) $437,005 (16.2%) 0.00 77
    2023-06-01 $379,725 (17.8%) $424,577 (-8.2%) 0.00 75
    2023-07-01 $375,000 (1.4%) $455,667 (-3.4%) 0.00 89
    2023-08-01 $381,300 (1.4%) $479,338 (-1.3%) 0.00 95
    2023-09-01 $389,450 (3.9%) $471,641 (-2.2%) 0.00 103
    2023-10-01 $407,950 (7.4%) $483,360 (-2.6%) 0.00 97
    2023-11-01 $401,175 (4.2%) $477,461 (7.0%) 0.00 97
    2023-12-01 $422,450 (19.0%) $490,033 (27.0%) 0.00 87
    2024-01-01 $404,200 (12.3%) $486,163 (27.0%) 0.00 85
    2024-02-01 $412,400 (1.9%) $483,932 (18.0%) 0.00 83
    2024-03-01 $419,900 (9.1%) $527,092 (29.6%) 0.00 85
    2024-04-01 $438,675 (9.7%) $540,338 (27.4%) 0.00 81
    2024-05-01 $448,200 (10.0%) $546,734 (25.1%) 0.00 85
    2024-06-01 $415,000 (9.3%) $485,128 (14.3%) 0.00 91
    2024-07-01 $398,675 (6.3%) $468,150 (2.7%) 0.00 102
    2024-08-01 $344,500 (-9.7%) $423,292 (-11.7%) 0.00 118
    2024-09-01 $360,850 (-7.3%) $428,837 (-9.1%) 0.00 122
    2024-10-01 $374,475 (-8.2%) $447,021 (-7.5%) 0.00 122
    2024-11-01 $350,000 (-12.8%) $438,412 (-8.2%) 0.00 125
    2024-12-01 $344,500 (-18.5%) $408,751 (-16.6%) 0.00 108
    2025-01-01 $339,500 (-16.0%) $412,935 (-15.1%) 0.00 101
    Gillette's median listing price for 2025-01-01 was $339,500, a difference of $-64,700 (-16.0%) versus the prior year and $-5,000 versus the prior month.

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

    Gillette's average listing price for 2025-01-01 was $412,935, a difference of $-73,228 (-15.1%) versus the prior year and $4,184 versus the prior month.

    For the 2025-01-01 period, Gillette had 101 MLS listings, a difference of -7 listings (-6%) versus the prior month and 16 listings (19%) 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 2,065 sqft
    2018-02-01 0 days 2,090 sqft
    2018-03-01 0 days 2,128 sqft
    2018-04-01 0 days 2,128 sqft
    2018-05-01 0 days 2,128 sqft
    2018-06-01 0 days 2,128 sqft
    2018-07-01 0 days 2,205 sqft
    2018-08-01 0 days 2,187 sqft
    2018-09-01 0 days 2,128 sqft
    2018-10-01 0 days 2,159 sqft
    2018-11-01 0 days 2,128 sqft
    2018-12-01 0 days 2,077 sqft
    2019-01-01 0 days 2,032 sqft
    2019-02-01 0 days 2,020 sqft
    2019-03-01 0 days 2,061 sqft
    2019-04-01 0 days 2,124 sqft
    2019-05-01 0 days 2,195 sqft
    2019-06-01 0 days 2,220 sqft
    2019-07-01 0 days 2,235 sqft
    2019-08-01 0 days 2,189 sqft
    2019-09-01 0 days 2,162 sqft
    2019-10-01 0 days 2,143 sqft
    2019-11-01 0 days 2,170 sqft
    2019-12-01 0 days 2,116 sqft
    2020-01-01 0 days 2,140 sqft
    2020-02-01 0 days 2,080 sqft
    2020-03-01 0 days 2,072 sqft
    2020-04-01 0 days 2,252 sqft
    2020-05-01 0 days 2,362 sqft
    2020-06-01 0 days 2,399 sqft
    2020-07-01 0 days 2,400 sqft
    2020-08-01 0 days 2,322 sqft
    2020-09-01 0 days 2,284 sqft
    2020-10-01 0 days 2,332 sqft
    2020-11-01 0 days 2,266 sqft
    2020-12-01 0 days 2,121 sqft
    2021-01-01 0 days 2,112 sqft
    2021-02-01 0 days 2,122 sqft
    2021-03-01 0 days 2,121 sqft
    2021-04-01 0 days 2,084 sqft
    2021-05-01 0 days 2,073 sqft
    2021-06-01 0 days 2,233 sqft
    2021-07-01 0 days 2,280 sqft
    2021-08-01 0 days 2,315 sqft
    2021-09-01 0 days 2,331 sqft
    2021-10-01 0 days 2,254 sqft
    2021-11-01 0 days 2,250 sqft
    2021-12-01 0 days 2,272 sqft
    2022-01-01 0 days 2,392 sqft
    2022-02-01 0 days 2,329 sqft
    2022-03-01 0 days 2,392 sqft
    2022-04-01 0 days 2,248 sqft
    2022-05-01 0 days 2,260 sqft
    2022-06-01 0 days 2,407 sqft
    2022-07-01 0 days 2,530 sqft
    2022-08-01 0 days 2,534 sqft
    2022-09-01 0 days 2,576 sqft
    2022-10-01 0 days 2,812 sqft
    2022-11-01 0 days 2,839 sqft
    2022-12-01 0 days 2,700 sqft
    2023-01-01 0 days 2,694 sqft
    2023-02-01 0 days 2,808 sqft
    2023-03-01 0 days 2,657 sqft
    2023-04-01 0 days 2,547 sqft
    2023-05-01 0 days 2,636 sqft
    2023-06-01 0 days 2,616 sqft
    2023-07-01 0 days 2,484 sqft
    2023-08-01 0 days 2,412 sqft
    2023-09-01 0 days 2,389 sqft
    2023-10-01 0 days 2,405 sqft
    2023-11-01 0 days 2,583 sqft
    2023-12-01 0 days 2,394 sqft
    2024-01-01 0 days 2,306 sqft
    2024-02-01 0 days 2,409 sqft
    2024-03-01 0 days 2,362 sqft
    2024-04-01 0 days 2,484 sqft
    2024-05-01 0 days 2,488 sqft
    2024-06-01 0 days 2,410 sqft
    2024-07-01 0 days 2,405 sqft
    2024-08-01 0 days 2,245 sqft
    2024-09-01 0 days 2,290 sqft
    2024-10-01 0 days 2,285 sqft
    2024-11-01 0 days 2,206 sqft
    2024-12-01 0 days 2,243 sqft
    2025-01-01 0 days 2,256 sqft
    Gillette's median listing age (time on market) for 2025-01-01 was 0 days.

    Gillette's median square footage for active listings during the 2025-01-01 period was 2,256 sqft. One year prior, the average listing was 2,306 sqft.