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 16 lenders originated 36 USDA loans during 2021. The total origination value was $10,420,000, with an average USDA loan value of $289,444.

Glenwood Springs USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Glenwood Springs averaged 6.41% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

Glenwood Springs's average USDA mortgage closing costs are $5,906.

The average rate for the prior week (2023-01-20) was 6.2% and one month ago for the week of 2022-12-23, the average rate was 6.33%.

The average rate one year ago was 3.88%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.82%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
BAY EQUITY LLC 11 2.95% $6,423
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 3.02% $7,796
CORNERSTONE HOME LENDING, INC. 3 2.83% $8,059
ACADEMY MORTGAGE CORPORATION 2 3.19% $5,879
Bank of Colorado 2 2.50% $6,411
First Guaranty Mortgage Corporation 2 2.56% $4,787
PLAZA HOME MORTGAGE, INC. 2 2.44% $7,892
AMERICAN FINANCIAL NETWORK, INC. 1 2.25% $9,088
Wells Fargo Bank 1 3.13% $8,634
HOME POINT FINANCIAL CORPORATION 1 2.50% $7,619
NBH Bank 1 2.25% $3,503
PENNYMAC LOAN SERVICES, LLC 1 3.00% $4,048
Zions Bancorporation, N.A. 1 2.38% $13,305
SECURITYNATIONAL MORTGAGE COMPANY 1 3.00% $6,997
CMG MORTGAGE, INC. 1 2.75% $5,229
Amerifirst Financial, Inc. 1 3.00% $5,763

The top Glenwood Springs USDA lender as defined by loan originations is BAY EQUITY LLC, with 11 USDA loans originated. Their average total fees are $6,423, which is $1,373 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Glenwood Springs USDA lenders (with over 10 loans originated) are BAY EQUITY LLC ($6,423), .

The lowest rate Glenwood Springs USDA lenders (with over 10 loans originated) are BAY EQUITY LLC (2.95%), .


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 (19.0%) $3,822,319 (22.1%) 0.00 879
2018-02-01 $1,022,500 (8.7%) $3,804,161 (18.2%) 0.00 930
2018-03-01 $995,000 (10.3%) $3,647,408 (17.1%) 0.00 958
2018-04-01 $944,000 (11.7%) $3,440,990 (16.6%) 0.00 952
2018-05-01 $824,500 (5.4%) $3,088,692 (9.3%) 0.00 953
2018-06-01 $867,000 (5.5%) $3,281,174 (14.0%) 0.00 1,079
2018-07-01 $899,000 (1.6%) $3,390,937 (10.4%) 0.00 1,181
2018-08-01 $945,500 (5.2%) $3,485,452 (10.0%) 0.00 1,182
2018-09-01 $950,000 (6.2%) $3,567,323 (12.7%) 0.00 1,124
2018-10-01 $934,500 (5.6%) $3,555,470 (9.4%) 0.00 1,051
2018-11-01 $860,500 (-3.2%) $3,452,135 (2.0%) 0.00 1,013
2018-12-01 $989,000 (4.1%) $3,569,917 (-3.3%) 0.00 991
2019-01-01 $1,028,500 (-2.1%) $3,702,747 (-3.1%) 0.00 1,024
2019-02-01 $1,056,250 (3.3%) $3,683,095 (-3.2%) 0.00 1,049
2019-03-01 $1,040,714 (4.6%) $3,672,609 (0.7%) 0.00 1,008
2019-04-01 $995,000 (5.4%) $3,620,096 (5.2%) 0.00 957
2019-05-01 $912,500 (10.7%) $3,464,625 (12.2%) 0.00 946
2019-06-01 $909,000 (4.8%) $3,470,748 (5.8%) 0.00 1,000
2019-07-01 $951,000 (5.8%) $3,602,789 (6.3%) 0.00 1,068
2019-08-01 $956,818 (1.2%) $3,630,297 (4.2%) 0.00 1,063
2019-09-01 $967,045 (1.8%) $3,673,139 (3.0%) 0.00 1,035
2019-10-01 $975,000 (4.3%) $3,695,205 (3.9%) 0.00 1,004
2019-11-01 $995,000 (15.6%) $3,620,372 (4.9%) 0.00 901
2019-12-01 $1,000,000 (1.1%) $3,640,218 (2.0%) 0.00 943
2020-01-01 $966,000 (-6.1%) $3,566,354 (-3.7%) 0.00 980
2020-02-01 $917,000 (-13.2%) $3,479,452 (-5.5%) 0.00 1,019
2020-03-01 $892,000 (-14.3%) $3,345,376 (-8.9%) 0.00 1,041
2020-04-01 $817,000 (-17.9%) $3,091,100 (-14.6%) 0.00 966
2020-05-01 $732,500 (-19.7%) $2,925,733 (-15.6%) 0.00 974
2020-06-01 $712,500 (-21.6%) $2,947,629 (-15.1%) 0.00 1,066
2020-07-01 $790,000 (-16.9%) $3,222,304 (-10.6%) 0.00 1,148
2020-08-01 $900,000 (-5.9%) $3,606,129 (-0.7%) 0.00 1,188
2020-09-01 $949,000 (-1.9%) $3,687,518 (0.4%) 0.00 1,130
2020-10-01 $899,000 (-7.8%) $3,568,826 (-3.4%) 0.00 1,060
2020-11-01 $815,000 (-18.1%) $3,262,282 (-9.9%) 0.00 959
2020-12-01 $817,250 (-18.3%) $3,254,075 (-10.6%) 0.00 896
2021-01-01 $843,250 (-12.7%) $3,448,110 (-3.3%) 0.00 825
2021-02-01 $851,750 (-7.1%) $3,377,140 (-2.9%) 0.00 841
2021-03-01 $872,000 (-2.2%) $3,419,863 (2.2%) 0.00 851
2021-04-01 $875,000 (7.1%) $3,419,797 (10.6%) 0.00 811
2021-05-01 $843,250 (15.1%) $3,220,433 (10.1%) 0.00 773
2021-06-01 $885,000 (24.2%) $3,326,189 (12.8%) 0.00 804
2021-07-01 $925,000 (17.1%) $3,552,354 (10.2%) 0.00 883
2021-08-01 $939,337 (4.4%) $3,565,340 (-1.1%) 0.00 871
2021-09-01 $961,874 (1.4%) $3,648,811 (-1.1%) 0.00 819
2021-10-01 $945,000 (5.1%) $3,661,549 (2.6%) 0.00 736
2021-11-01 $948,111 (16.3%) $3,617,504 (10.9%) 0.00 622
2021-12-01 $936,473 (14.6%) $3,650,702 (12.2%) 0.00 555
2022-01-01 $987,500 (17.1%) $3,637,186 (5.5%) 0.00 476
2022-02-01 $995,000 (16.8%) $3,652,338 (8.2%) 0.00 495
2022-03-01 $1,053,750 (20.8%) $3,576,688 (4.6%) 0.00 517
2022-04-01 $1,200,000 (37.1%) $3,572,067 (4.5%) 0.00 537
2022-05-01 $1,100,000 (30.5%) $3,337,755 (3.6%) 0.00 593
2022-06-01 $1,197,500 (35.3%) $3,443,772 (3.5%) 0.00 649
2022-07-01 $1,344,500 (45.4%) $4,145,465 (16.7%) 0.00 760
2022-08-01 $1,385,000 (47.4%) $4,334,555 (21.6%) 0.00 804
2022-09-01 $1,407,500 (46.3%) $4,284,541 (17.4%) 0.00 786
2022-10-01 $1,500,000 (58.7%) $4,378,511 (19.6%) 0.00 723
2022-11-01 $1,481,250 (56.2%) $4,081,460 (12.8%) 0.00 634
2022-12-01 $1,522,500 (62.6%) $4,105,078 (12.5%) 0.00 633
Glenwood Springs's median listing price for 2022-12-01 was $1,522,500, a difference of $586,027 (62.6%) versus the prior year and $41,250 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 2022-12-01 was $4,105,078, a difference of $454,376 (12.5%) versus the prior year and $23,618 versus the prior month.

For the 2022-12-01 period, Glenwood Springs had 633 MLS listings, a difference of -1 listings (0%) versus the prior month and 78 listings (14%) 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 2,570 sqft
2018-02-01 0 days 2,417 sqft
2018-03-01 0 days 2,289 sqft
2018-04-01 0 days 2,256 sqft
2018-05-01 0 days 2,236 sqft
2018-06-01 0 days 2,293 sqft
2018-07-01 0 days 2,290 sqft
2018-08-01 0 days 2,346 sqft
2018-09-01 0 days 2,375 sqft
2018-10-01 0 days 2,396 sqft
2018-11-01 0 days 2,343 sqft
2018-12-01 0 days 2,375 sqft
2019-01-01 0 days 2,349 sqft
2019-02-01 0 days 2,353 sqft
2019-03-01 0 days 2,330 sqft
2019-04-01 0 days 2,320 sqft
2019-05-01 0 days 2,346 sqft
2019-06-01 0 days 2,349 sqft
2019-07-01 0 days 2,374 sqft
2019-08-01 0 days 2,400 sqft
2019-09-01 0 days 2,407 sqft
2019-10-01 0 days 2,409 sqft
2019-11-01 0 days 2,613 sqft
2019-12-01 0 days 2,462 sqft
2020-01-01 0 days 2,306 sqft
2020-02-01 0 days 2,276 sqft
2020-03-01 0 days 2,216 sqft
2020-04-01 0 days 2,095 sqft
2020-05-01 0 days 2,000 sqft
2020-06-01 0 days 1,997 sqft
2020-07-01 0 days 2,020 sqft
2020-08-01 0 days 2,092 sqft
2020-09-01 0 days 2,078 sqft
2020-10-01 0 days 2,004 sqft
2020-11-01 0 days 1,962 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 1,869 sqft
2021-05-01 0 days 1,854 sqft
2021-06-01 0 days 1,923 sqft
2021-07-01 0 days 1,933 sqft
2021-08-01 0 days 1,927 sqft
2021-09-01 0 days 1,929 sqft
2021-10-01 0 days 1,929 sqft
2021-11-01 0 days 1,931 sqft
2021-12-01 0 days 1,944 sqft
2022-01-01 0 days 1,906 sqft
2022-02-01 0 days 1,897 sqft
2022-03-01 0 days 1,935 sqft
2022-04-01 0 days 1,992 sqft
2022-05-01 0 days 1,988 sqft
2022-06-01 0 days 1,979 sqft
2022-07-01 0 days 2,017 sqft
2022-08-01 0 days 2,054 sqft
2022-09-01 0 days 2,045 sqft
2022-10-01 0 days 2,052 sqft
2022-11-01 0 days 1,964 sqft
2022-12-01 0 days 1,927 sqft
Glenwood Springs's median listing age (time on market) for 2022-12-01 was 0 days.

Glenwood Springs's median square footage for active listings during the 2022-12-01 period was 1,927 sqft. One year prior, the average listing was 1,944 sqft.