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
6.66%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Glenwood Springs's average USDA mortgage closing costs are $6,156.
The average rate for the prior week (2024-04-12) was
6.51% and
one month ago for the week of 2024-03-15, the
average rate was 6.39%.
The average rate one year ago was 6.13%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.87%.
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 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 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.