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%.
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. LouisDate | 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 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. LouisDate | 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 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.