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%.
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. LouisDate | 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 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. LouisDate | 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 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.