Grand Junction USDA Loan Rates, Closing Costs & Stats
GRAND JUNCTION, 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.
Grand Junction's 5 lenders originated 5 USDA loans during 2023. The total origination value was $1,355,000, with an average USDA loan value of $271,000.
Grand Junction USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Grand Junction
averaged
6.67%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Grand Junction's average USDA mortgage closing costs are $6,102.
The average rate for the prior week (2024-04-12) was
6.82% and
one month ago for the week of 2024-03-15, the
average rate was 6.4%.
The average rate one year ago was 6.44%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.8%.
Grand Junction 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 Grand Junction level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| ACADEMY MORTGAGE CORPORATION | 1 | 6.25% | $7,089 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.25% | $14,381 |
| NBH Bank | 1 | 6.38% | $5,263 |
| PLAZA HOME MORTGAGE, INC. | 1 | 6.13% | $4,426 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.63% | $7,598 |
The top Grand Junction USDA lender as defined by loan originations is ACADEMY MORTGAGE CORPORATION, with
1 USDA loans originated. Their average total fees are
$7,089, which is $7,292
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Grand Junction USDA lenders (with over 10 loans originated) are
.
The lowest rate Grand Junction USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Grand Junction (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 | $277,197 (11.5%) | $575,995 (75.0%) | 1.03 | 691 |
| 2018-02-01 | $275,000 (10.6%) | $586,449 (77.3%) | 1.00 | 685 |
| 2018-03-01 | $282,000 (12.9%) | $571,703 (71.0%) | 0.99 | 744 |
| 2018-04-01 | $284,725 (10.4%) | $562,343 (59.4%) | 0.97 | 803 |
| 2018-05-01 | $288,075 (8.0%) | $551,350 (55.0%) | 0.96 | 843 |
| 2018-06-01 | $295,250 (8.4%) | $549,688 (7.6%) | 0.98 | 901 |
| 2018-07-01 | $291,510 (6.0%) | $536,094 (4.6%) | 0.97 | 957 |
| 2018-08-01 | $284,950 (6.5%) | $524,154 (-6.5%) | 0.95 | 982 |
| 2018-09-01 | $295,000 (9.3%) | $536,326 (3.8%) | 0.99 | 974 |
| 2018-10-01 | $299,950 (10.5%) | $540,892 (4.6%) | 1.02 | 974 |
| 2018-11-01 | $320,000 (16.4%) | $602,435 (14.1%) | 1.08 | 790 |
| 2018-12-01 | $324,500 (17.6%) | $424,246 (-22.0%) | 1.12 | 727 |
| 2019-01-01 | $317,225 (14.4%) | $428,311 (-25.6%) | 1.10 | 665 |
| 2019-02-01 | $324,950 (18.2%) | $431,605 (-26.4%) | 1.10 | 665 |
| 2019-03-01 | $336,857 (19.5%) | $435,952 (-23.8%) | 1.10 | 651 |
| 2019-04-01 | $344,725 (21.1%) | $441,566 (-21.5%) | 1.09 | 670 |
| 2019-05-01 | $352,450 (22.4%) | $632,328 (14.7%) | 1.10 | 725 |
| 2019-06-01 | $347,825 (17.8%) | $777,399 (41.4%) | 1.09 | 817 |
| 2019-07-01 | $350,000 (20.1%) | $781,171 (45.7%) | 1.10 | 831 |
| 2019-08-01 | $351,909 (23.5%) | $778,656 (48.6%) | 1.11 | 827 |
| 2019-09-01 | $354,773 (20.3%) | $784,184 (46.2%) | 1.14 | 815 |
| 2019-10-01 | $357,600 (19.2%) | $793,395 (46.7%) | 1.15 | 803 |
| 2019-11-01 | $359,900 (12.5%) | $816,447 (35.5%) | 1.18 | 751 |
| 2019-12-01 | $357,450 (10.2%) | $850,698 (100.5%) | 1.19 | 682 |
| 2020-01-01 | $364,675 (15.0%) | $477,288 (11.4%) | 1.22 | 604 |
| 2020-02-01 | $376,500 (15.9%) | $803,936 (86.3%) | 1.23 | 563 |
| 2020-03-01 | $391,225 (16.1%) | $492,585 (13.0%) | 1.23 | 570 |
| 2020-04-01 | $389,000 (12.8%) | $480,887 (8.9%) | 1.22 | 603 |
| 2020-05-01 | $399,514 (13.4%) | $488,036 (-22.8%) | 1.21 | 600 |
| 2020-06-01 | $414,200 (19.1%) | $516,267 (-33.6%) | 1.22 | 545 |
| 2020-07-01 | $424,925 (21.4%) | $530,705 (-32.1%) | 1.23 | 501 |
| 2020-08-01 | $400,000 (13.7%) | $530,344 (-31.9%) | 1.15 | 452 |
| 2020-09-01 | $391,925 (10.5%) | $519,023 (-33.8%) | 1.12 | 420 |
| 2020-10-01 | $397,500 (11.2%) | $530,928 (-33.1%) | 1.14 | 413 |
| 2020-11-01 | $410,975 (14.2%) | $559,423 (-31.5%) | 1.20 | 389 |
| 2020-12-01 | $396,175 (10.8%) | $568,000 (-33.2%) | 1.18 | 360 |
| 2021-01-01 | $415,000 (13.8%) | $599,172 (25.5%) | 1.24 | 266 |
| 2021-02-01 | $459,950 (22.2%) | $661,791 (-17.7%) | 1.34 | 230 |
| 2021-03-01 | $483,559 (23.6%) | $647,809 (31.5%) | 1.37 | 214 |
| 2021-04-01 | $467,450 (20.2%) | $668,201 (39.0%) | 1.27 | 180 |
| 2021-05-01 | $472,564 (18.3%) | $659,670 (35.2%) | 1.26 | 217 |
| 2021-06-01 | $472,553 (14.1%) | $641,255 (24.2%) | 1.24 | 266 |
| 2021-07-01 | $449,998 (5.9%) | $615,353 (16.0%) | 1.19 | 325 |
| 2021-08-01 | $429,950 (7.5%) | $582,561 (9.9%) | 1.15 | 385 |
| 2021-09-01 | $424,500 (8.3%) | $561,139 (8.1%) | 1.13 | 447 |
| 2021-10-01 | $427,500 (7.6%) | $551,682 (3.9%) | 1.14 | 442 |
| 2021-11-01 | $433,125 (5.4%) | $564,210 (0.9%) | 1.16 | 366 |
| 2021-12-01 | $449,450 (13.5%) | $578,327 (1.8%) | 1.22 | 292 |
| 2022-01-01 | $485,000 (16.9%) | $618,022 (3.2%) | 1.31 | 222 |
| 2022-02-01 | $450,176 (-2.1%) | $598,409 (-9.6%) | 1.17 | 203 |
| 2022-03-01 | $522,500 (8.1%) | $642,526 (-0.8%) | 1.31 | 231 |
| 2022-04-01 | $498,500 (6.6%) | $628,544 (-5.9%) | 1.19 | 256 |
| 2022-05-01 | $475,000 (0.5%) | $600,768 (-8.9%) | 1.09 | 353 |
| 2022-06-01 | $477,250 (1.0%) | $609,842 (-4.9%) | 1.06 | 396 |
| 2022-07-01 | $468,000 (4.0%) | $597,907 (-2.8%) | 1.05 | 488 |
| 2022-08-01 | $482,000 (12.1%) | $614,249 (5.4%) | 1.11 | 545 |
| 2022-09-01 | $480,457 (13.2%) | $611,839 (9.0%) | 1.12 | 562 |
| 2022-10-01 | $471,250 (10.2%) | $596,396 (8.1%) | 1.11 | 597 |
| 2022-11-01 | $467,599 (8.0%) | $591,843 (4.9%) | 1.12 | 582 |
| 2022-12-01 | $475,000 (5.7%) | $599,230 (3.6%) | 1.17 | 526 |
| 2023-01-01 | $490,000 (1.0%) | $602,498 (-2.5%) | 1.21 | 488 |
| 2023-02-01 | $486,500 (8.1%) | $608,017 (1.6%) | 1.17 | 465 |
| 2023-03-01 | $509,107 (-2.6%) | $634,457 (-1.3%) | 1.20 | 436 |
| 2023-04-01 | $525,000 (5.3%) | $658,670 (4.8%) | 1.22 | 403 |
| 2023-05-01 | $531,975 (12.0%) | $680,948 (13.4%) | 1.21 | 389 |
| 2023-06-01 | $519,425 (8.8%) | $670,366 (9.9%) | 1.17 | 411 |
| 2023-07-01 | $529,000 (13.0%) | $661,244 (10.6%) | 1.20 | 427 |
| 2023-08-01 | $524,100 (8.7%) | $640,276 (4.2%) | 1.20 | 465 |
| 2023-09-01 | $539,900 (12.4%) | $653,140 (6.8%) | 1.26 | 482 |
| 2023-10-01 | $519,975 (10.3%) | $639,572 (7.2%) | 1.22 | 513 |
| 2023-11-01 | $499,000 (6.7%) | $627,104 (6.0%) | 1.19 | 509 |
| 2023-12-01 | $494,750 (4.2%) | $635,757 (6.1%) | 1.21 | 463 |
| 2024-01-01 | $496,450 (1.3%) | $642,910 (6.7%) | 1.21 | 436 |
| 2024-02-01 | $505,482 (3.9%) | $644,364 (6.0%) | 1.22 | 423 |
| 2024-03-01 | $518,000 (1.8%) | $650,335 (2.5%) | 1.22 | 416 |
Grand Junction's median listing price comes in at 122% of the national average.
Grand Junction's average listing price for 2024-03-01 was $650,335, a difference of $15,878 (2.5%) versus the prior year and $5,971 versus the prior month.
For the 2024-03-01 period, Grand Junction had 416 MLS listings, a difference of -7 listings (-2%) versus the prior month and -20 listings (-5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Grand Junction (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 73 days | 1,762 sqft |
| 2018-02-01 | 62 days | 1,792 sqft |
| 2018-03-01 | 46 days | 1,792 sqft |
| 2018-04-01 | 40 days | 1,793 sqft |
| 2018-05-01 | 40 days | 1,797 sqft |
| 2018-06-01 | 40 days | 1,820 sqft |
| 2018-07-01 | 43 days | 1,811 sqft |
| 2018-08-01 | 47 days | 1,792 sqft |
| 2018-09-01 | 53 days | 1,817 sqft |
| 2018-10-01 | 57 days | 1,819 sqft |
| 2018-11-01 | 60 days | 1,949 sqft |
| 2018-12-01 | 67 days | 1,944 sqft |
| 2019-01-01 | 75 days | 1,887 sqft |
| 2019-02-01 | 69 days | 1,945 sqft |
| 2019-03-01 | 57 days | 1,943 sqft |
| 2019-04-01 | 46 days | 1,939 sqft |
| 2019-05-01 | 43 days | 1,983 sqft |
| 2019-06-01 | 43 days | 1,985 sqft |
| 2019-07-01 | 52 days | 2,001 sqft |
| 2019-08-01 | 54 days | 1,980 sqft |
| 2019-09-01 | 57 days | 1,962 sqft |
| 2019-10-01 | 59 days | 1,947 sqft |
| 2019-11-01 | 64 days | 1,945 sqft |
| 2019-12-01 | 70 days | 1,947 sqft |
| 2020-01-01 | 75 days | 1,962 sqft |
| 2020-02-01 | 67 days | 1,976 sqft |
| 2020-03-01 | 45 days | 2,047 sqft |
| 2020-04-01 | 48 days | 2,020 sqft |
| 2020-05-01 | 54 days | 2,000 sqft |
| 2020-06-01 | 53 days | 2,042 sqft |
| 2020-07-01 | 51 days | 2,106 sqft |
| 2020-08-01 | 47 days | 2,016 sqft |
| 2020-09-01 | 41 days | 1,930 sqft |
| 2020-10-01 | 37 days | 1,940 sqft |
| 2020-11-01 | 46 days | 1,944 sqft |
| 2020-12-01 | 50 days | 1,905 sqft |
| 2021-01-01 | 61 days | 1,929 sqft |
| 2021-02-01 | 37 days | 1,974 sqft |
| 2021-03-01 | 32 days | 1,966 sqft |
| 2021-04-01 | 27 days | 1,908 sqft |
| 2021-05-01 | 15 days | 1,876 sqft |
| 2021-06-01 | 18 days | 1,861 sqft |
| 2021-07-01 | 23 days | 1,822 sqft |
| 2021-08-01 | 30 days | 1,830 sqft |
| 2021-09-01 | 32 days | 1,837 sqft |
| 2021-10-01 | 35 days | 1,848 sqft |
| 2021-11-01 | 45 days | 1,836 sqft |
| 2021-12-01 | 55 days | 1,883 sqft |
| 2022-01-01 | 58 days | 1,950 sqft |
| 2022-02-01 | 31 days | 1,855 sqft |
| 2022-03-01 | 22 days | 1,933 sqft |
| 2022-04-01 | 24 days | 1,891 sqft |
| 2022-05-01 | 23 days | 1,877 sqft |
| 2022-06-01 | 30 days | 1,893 sqft |
| 2022-07-01 | 30 days | 1,847 sqft |
| 2022-08-01 | 38 days | 1,893 sqft |
| 2022-09-01 | 44 days | 1,891 sqft |
| 2022-10-01 | 51 days | 1,866 sqft |
| 2022-11-01 | 61 days | 1,866 sqft |
| 2022-12-01 | 71 days | 1,875 sqft |
| 2023-01-01 | 73 days | 1,896 sqft |
| 2023-02-01 | 67 days | 1,913 sqft |
| 2023-03-01 | 64 days | 1,943 sqft |
| 2023-04-01 | 54 days | 2,000 sqft |
| 2023-05-01 | 47 days | 2,000 sqft |
| 2023-06-01 | 44 days | 1,977 sqft |
| 2023-07-01 | 46 days | 1,939 sqft |
| 2023-08-01 | 45 days | 1,932 sqft |
| 2023-09-01 | 47 days | 1,934 sqft |
| 2023-10-01 | 51 days | 1,937 sqft |
| 2023-11-01 | 57 days | 1,851 sqft |
| 2023-12-01 | 68 days | 1,829 sqft |
| 2024-01-01 | 74 days | 1,830 sqft |
| 2024-02-01 | 60 days | 1,847 sqft |
| 2024-03-01 | 50 days | 1,854 sqft |
Grand Junction's median square footage for active listings during the 2024-03-01 period was 1,854 sqft. One year prior, the average listing was 1,943 sqft.