Glenwood Springs USDA Loan Rates, Closing Costs & Stats

Glenwood Springs, CO

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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.

    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.