Glenwood Springs USDA Loan Rates, Closing Costs & Stats

Glenwood Springs, 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.

Glenwood Springs's 4 lenders originated 7 USDA loans during 2023. The total origination value was $1,695,000, with an average USDA loan value of $242,143.

Glenwood Springs USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Glenwood Springs averaged 6.6% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Glenwood Springs's average USDA mortgage closing costs are $6,156.

The average rate for the prior week (2024-04-05) was 6.82% and one month ago for the week of 2024-03-08, the average rate was 6.78%.

The average rate one year ago was 6.29%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.61%.

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

Glenwood Springs 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 Glenwood Springs level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Northpointe Bank 2 5.94% $9,971
UNITED WHOLESALE MORTGAGE, LLC 2 5.06% $11,154
ACADEMY MORTGAGE CORPORATION 1 6.13% $11,036
BAY EQUITY LLC 1 6.49% $6,691

The top Glenwood Springs USDA lender as defined by loan originations is Northpointe Bank, with 2 USDA loans originated. Their average total fees are $9,971, which is $1,183 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Glenwood Springs USDA lenders (with over 10 loans originated) are .

The lowest rate Glenwood Springs USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Glenwood Springs (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 $1,050,000 (19.2%) $3,809,309 (21.9%) 0.00 884
2018-02-01 $1,022,500 (9.1%) $3,791,625 (18.4%) 0.00 933
2018-03-01 $992,000 (10.6%) $3,632,963 (17.5%) 0.00 963
2018-04-01 $937,000 (17.3%) $3,416,142 (16.8%) 0.00 961
2018-05-01 $824,000 (7.0%) $3,059,315 (9.3%) 0.00 965
2018-06-01 $859,000 (5.1%) $3,255,742 (14.2%) 0.00 1,089
2018-07-01 $897,000 (2.8%) $3,369,944 (10.6%) 0.00 1,192
2018-08-01 $932,000 (4.1%) $3,458,100 (10.2%) 0.00 1,195
2018-09-01 $945,000 (5.9%) $3,546,644 (12.6%) 0.00 1,133
2018-10-01 $899,000 (1.6%) $3,512,764 (8.7%) 0.00 1,067
2018-11-01 $837,000 (-5.7%) $3,409,884 (1.2%) 0.00 1,028
2018-12-01 $955,000 (0.5%) $3,525,908 (-4.1%) 0.00 1,007
2019-01-01 $998,500 (-4.9%) $3,662,787 (-3.9%) 0.00 1,039
2019-02-01 $1,025,000 (0.2%) $3,646,821 (-3.8%) 0.00 1,061
2019-03-01 $1,032,429 (4.1%) $3,644,638 (0.3%) 0.00 1,018
2019-04-01 $992,000 (5.9%) $3,594,674 (5.2%) 0.00 966
2019-05-01 $912,500 (10.7%) $3,444,080 (12.6%) 0.00 954
2019-06-01 $909,000 (5.8%) $3,451,966 (6.0%) 0.00 1,009
2019-07-01 $952,000 (6.1%) $3,586,668 (6.4%) 0.00 1,076
2019-08-01 $960,909 (3.1%) $3,620,454 (4.7%) 0.00 1,068
2019-09-01 $977,273 (3.4%) $3,664,430 (3.3%) 0.00 1,041
2019-10-01 $990,000 (10.1%) $3,687,261 (5.0%) 0.00 1,009
2019-11-01 $995,000 (18.9%) $3,604,509 (5.7%) 0.00 909
2019-12-01 $1,016,250 (6.4%) $3,623,050 (2.8%) 0.00 952
2020-01-01 $976,750 (-2.2%) $3,527,820 (-3.7%) 0.00 995
2020-02-01 $919,000 (-10.3%) $3,449,428 (-5.4%) 0.00 1,034
2020-03-01 $893,500 (-13.5%) $3,325,595 (-8.8%) 0.00 1,052
2020-04-01 $819,500 (-17.4%) $3,068,028 (-14.7%) 0.00 979
2020-05-01 $745,000 (-18.4%) $2,904,568 (-15.7%) 0.00 985
2020-06-01 $724,125 (-20.3%) $2,928,318 (-15.2%) 0.00 1,079
2020-07-01 $800,000 (-16.0%) $3,194,231 (-10.9%) 0.00 1,164
2020-08-01 $900,000 (-6.3%) $3,567,721 (-1.5%) 0.00 1,207
2020-09-01 $949,000 (-2.9%) $3,647,780 (-0.5%) 0.00 1,148
2020-10-01 $899,000 (-9.2%) $3,531,706 (-4.2%) 0.00 1,063
2020-11-01 $817,500 (-17.8%) $3,255,376 (-9.7%) 0.00 962
2020-12-01 $819,500 (-19.4%) $3,246,769 (-10.4%) 0.00 899
2021-01-01 $847,000 (-13.3%) $3,441,547 (-2.5%) 0.00 827
2021-02-01 $851,750 (-7.3%) $3,365,662 (-2.4%) 0.00 845
2021-03-01 $872,000 (-2.4%) $3,409,211 (2.5%) 0.00 854
2021-04-01 $875,000 (6.8%) $3,404,146 (11.0%) 0.00 815
2021-05-01 $843,250 (13.2%) $3,211,302 (10.6%) 0.00 776
2021-06-01 $885,000 (22.2%) $3,318,374 (13.3%) 0.00 807
2021-07-01 $925,000 (15.6%) $3,527,748 (10.4%) 0.00 894
2021-08-01 $937,168 (4.1%) $3,536,228 (-0.9%) 0.00 882
2021-09-01 $967,500 (2.0%) $3,621,203 (-0.7%) 0.00 829
2021-10-01 $945,223 (5.1%) $3,632,583 (2.9%) 0.00 745
2021-11-01 $949,750 (16.2%) $3,590,664 (10.3%) 0.00 631
2021-12-01 $941,750 (14.9%) $3,611,457 (11.2%) 0.00 562
2022-01-01 $1,100,000 (29.9%) $3,567,033 (3.7%) 0.00 497
2022-02-01 $1,156,250 (35.8%) $3,583,009 (6.5%) 0.00 518
2022-03-01 $1,212,250 (39.0%) $3,519,508 (3.2%) 0.00 541
2022-04-01 $1,300,000 (48.6%) $3,517,941 (3.3%) 0.00 560
2022-05-01 $1,198,750 (42.2%) $3,288,449 (2.4%) 0.00 618
2022-06-01 $1,281,250 (44.8%) $3,389,919 (2.2%) 0.00 675
2022-07-01 $1,382,500 (49.5%) $4,074,966 (15.5%) 0.00 786
2022-08-01 $1,445,000 (54.2%) $4,260,332 (20.5%) 0.00 833
2022-09-01 $1,487,500 (53.8%) $4,192,201 (15.8%) 0.00 823
2022-10-01 $1,562,000 (65.3%) $4,279,516 (17.8%) 0.00 756
2022-11-01 $1,536,250 (61.8%) $3,994,109 (11.2%) 0.00 665
2022-12-01 $1,575,000 (67.2%) $4,018,572 (11.3%) 0.00 660
2023-01-01 $1,752,500 (59.3%) $4,134,355 (15.9%) 0.00 709
2023-02-01 $1,783,250 (54.2%) $4,397,363 (22.7%) 0.00 717
2023-03-01 $1,841,000 (51.9%) $4,537,914 (28.9%) 0.00 734
2023-04-01 $1,850,000 (42.3%) $4,485,522 (27.5%) 0.00 707
2023-05-01 $1,597,000 (33.2%) $4,252,932 (29.3%) 0.00 664
2023-06-01 $1,713,250 (33.7%) $4,261,379 (25.7%) 0.00 722
2023-07-01 $1,817,675 (31.5%) $4,866,919 (19.4%) 0.00 802
2023-08-01 $1,879,575 (30.1%) $4,776,430 (12.1%) 0.00 822
2023-09-01 $1,995,000 (34.1%) $5,195,676 (23.9%) 0.00 717
2023-10-01 $1,974,858 (26.4%) $5,496,118 (28.4%) 0.00 613
2023-11-01 $1,772,500 (15.4%) $5,948,950 (48.9%) 0.00 537
2023-12-01 $1,810,350 (14.9%) $5,877,512 (46.3%) 0.00 541
2024-01-01 $1,722,085 (-1.7%) $5,722,630 (38.4%) 0.00 526
2024-02-01 $1,700,000 (-4.7%) $5,723,412 (30.2%) 0.00 516
2024-03-01 $1,739,340 (-5.5%) $5,713,807 (25.9%) 0.00 489
Glenwood Springs's median listing price for 2024-03-01 was $1,739,340, a difference of $-101,660 (-5.5%) versus the prior year and $39,340 versus the prior month.

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

Glenwood Springs's average listing price for 2024-03-01 was $5,713,807, a difference of $1,175,893 (25.9%) versus the prior year and $-9,605 versus the prior month.

For the 2024-03-01 period, Glenwood Springs had 489 MLS listings, a difference of -27 listings (-5%) versus the prior month and -245 listings (-33%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Glenwood Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,563 sqft
2018-02-01 0 days 2,415 sqft
2018-03-01 0 days 2,284 sqft
2018-04-01 0 days 2,247 sqft
2018-05-01 0 days 2,218 sqft
2018-06-01 0 days 2,272 sqft
2018-07-01 0 days 2,282 sqft
2018-08-01 0 days 2,316 sqft
2018-09-01 0 days 2,366 sqft
2018-10-01 0 days 2,367 sqft
2018-11-01 0 days 2,287 sqft
2018-12-01 0 days 2,348 sqft
2019-01-01 0 days 2,317 sqft
2019-02-01 0 days 2,342 sqft
2019-03-01 0 days 2,317 sqft
2019-04-01 0 days 2,287 sqft
2019-05-01 0 days 2,314 sqft
2019-06-01 0 days 2,336 sqft
2019-07-01 0 days 2,360 sqft
2019-08-01 0 days 2,377 sqft
2019-09-01 0 days 2,388 sqft
2019-10-01 0 days 2,390 sqft
2019-11-01 0 days 2,584 sqft
2019-12-01 0 days 2,449 sqft
2020-01-01 0 days 2,288 sqft
2020-02-01 0 days 2,248 sqft
2020-03-01 0 days 2,205 sqft
2020-04-01 0 days 2,079 sqft
2020-05-01 0 days 1,992 sqft
2020-06-01 0 days 1,986 sqft
2020-07-01 0 days 2,010 sqft
2020-08-01 0 days 2,053 sqft
2020-09-01 0 days 2,051 sqft
2020-10-01 0 days 2,000 sqft
2020-11-01 0 days 1,961 sqft
2020-12-01 0 days 1,935 sqft
2021-01-01 0 days 1,932 sqft
2021-02-01 0 days 1,962 sqft
2021-03-01 0 days 1,922 sqft
2021-04-01 0 days 1,868 sqft
2021-05-01 0 days 1,848 sqft
2021-06-01 0 days 1,916 sqft
2021-07-01 0 days 1,927 sqft
2021-08-01 0 days 1,913 sqft
2021-09-01 0 days 1,923 sqft
2021-10-01 0 days 1,925 sqft
2021-11-01 0 days 1,931 sqft
2021-12-01 0 days 1,944 sqft
2022-01-01 0 days 1,856 sqft
2022-02-01 0 days 1,851 sqft
2022-03-01 0 days 1,904 sqft
2022-04-01 0 days 1,972 sqft
2022-05-01 0 days 1,949 sqft
2022-06-01 0 days 1,944 sqft
2022-07-01 0 days 1,992 sqft
2022-08-01 0 days 2,020 sqft
2022-09-01 0 days 2,000 sqft
2022-10-01 0 days 2,010 sqft
2022-11-01 0 days 1,929 sqft
2022-12-01 0 days 1,880 sqft
2023-01-01 0 days 1,779 sqft
2023-02-01 0 days 1,803 sqft
2023-03-01 0 days 1,824 sqft
2023-04-01 0 days 1,831 sqft
2023-05-01 0 days 1,946 sqft
2023-06-01 0 days 2,008 sqft
2023-07-01 0 days 2,021 sqft
2023-08-01 0 days 2,048 sqft
2023-09-01 0 days 2,048 sqft
2023-10-01 0 days 2,011 sqft
2023-11-01 0 days 1,985 sqft
2023-12-01 0 days 1,925 sqft
2024-01-01 0 days 1,929 sqft
2024-02-01 0 days 1,922 sqft
2024-03-01 0 days 1,844 sqft
Glenwood Springs's median listing age (time on market) for 2024-03-01 was 0 days.

Glenwood Springs's median square footage for active listings during the 2024-03-01 period was 1,844 sqft. One year prior, the average listing was 1,824 sqft.