Grants USDA Loan Rates, Closing Costs & Stats

Grants, NM

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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.

    Grants's 2 lenders originated 2 USDA loans during 2023. The total origination value was $270,000, with an average USDA loan value of $135,000.

    Grants USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Grants averaged 6.2% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Grants's average USDA mortgage closing costs are $4,840.

    The average rate for the prior week (2024-12-06) was 6.24% and one month ago for the week of 2024-11-08, the average rate was 6.66%.

    The average rate one year ago was 6.92%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.2%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Grants 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 Grants level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CALCON MUTUAL MORTGAGE LLC 1 7.25% $9,194
    UNITED WHOLESALE MORTGAGE, LLC 1 7.12% $3,908

    The top Grants USDA lender as defined by loan originations is CALCON MUTUAL MORTGAGE LLC, with 1 USDA loans originated. Their average total fees are $9,194, which is $5,285 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Grants USDA lenders (with over 10 loans originated) are .

    The lowest rate Grants USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Grants (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 $114,900 (-8.1%) $143,654 (-2.9%) 0.00 72
    2018-02-01 $119,975 (0.1%) $150,309 (3.9%) 0.00 66
    2018-03-01 $119,900 (-4.1%) $146,324 (0.7%) 0.00 68
    2018-04-01 $117,450 (-6.0%) $142,862 (-0.9%) 0.00 73
    2018-05-01 $118,675 (-4.0%) $142,518 (1.0%) 0.00 68
    2018-06-01 $110,000 (-12.0%) $140,663 (-1.7%) 0.00 62
    2018-07-01 $103,475 (-17.2%) $129,504 (-11.2%) 0.00 65
    2018-08-01 $104,750 (-13.6%) $134,520 (-8.5%) 0.00 66
    2018-09-01 $101,450 (-15.5%) $142,511 (-4.4%) 0.00 61
    2018-10-01 $104,750 (-10.8%) $144,798 (-2.7%) 0.00 59
    2018-11-01 $100,675 (-7.4%) $155,641 (11.8%) 0.00 65
    2018-12-01 $99,000 (-13.9%) $157,656 (8.9%) 0.00 60
    2019-01-01 $98,500 (-14.3%) $157,681 (9.8%) 0.00 57
    2019-02-01 $102,247 (-14.8%) $162,029 (7.8%) 0.00 56
    2019-03-01 $104,693 (-12.7%) $160,699 (9.8%) 0.00 57
    2019-04-01 $99,668 (-15.1%) $159,104 (11.4%) 0.00 58
    2019-05-01 $128,875 (8.6%) $1,069,867 (650.7%) 0.00 58
    2019-06-01 $139,500 (26.8%) $197,393 (40.3%) 0.00 64
    2019-07-01 $149,925 (44.9%) $196,114 (51.4%) 0.00 66
    2019-08-01 $146,736 (40.1%) $191,798 (42.6%) 0.00 67
    2019-09-01 $142,666 (40.6%) $185,498 (30.2%) 0.00 65
    2019-10-01 $137,250 (31.0%) $183,435 (26.7%) 0.00 61
    2019-11-01 $139,700 (38.8%) $193,278 (24.2%) 0.00 56
    2019-12-01 $139,600 (41.0%) $195,508 (24.0%) 0.00 55
    2020-01-01 $142,200 (44.4%) $201,356 (27.7%) 0.00 56
    2020-02-01 $136,250 (33.3%) $201,150 (24.1%) 0.00 53
    2020-03-01 $139,750 (33.5%) $202,100 (25.8%) 0.00 54
    2020-04-01 $144,900 (45.4%) $201,411 (26.6%) 0.00 52
    2020-05-01 $150,000 (16.4%) $203,770 (-81.0%) 0.00 49
    2020-06-01 $148,950 (6.8%) $198,270 (0.4%) 0.00 35
    2020-07-01 $170,250 (13.6%) $222,814 (13.6%) 0.00 36
    2020-08-01 $159,450 (8.7%) $207,485 (8.2%) 0.00 36
    2020-09-01 $165,000 (15.7%) $197,504 (6.5%) 0.00 43
    2020-10-01 $162,450 (18.4%) $186,960 (1.9%) 0.00 43
    2020-11-01 $167,475 (19.9%) $208,907 (8.1%) 0.00 45
    2020-12-01 $146,750 (5.1%) $204,538 (4.6%) 0.00 42
    2021-01-01 $149,500 (5.1%) $209,962 (4.3%) 0.00 37
    2021-02-01 $135,800 (-0.3%) $204,986 (1.9%) 0.00 31
    2021-03-01 $146,250 (4.7%) $213,824 (5.8%) 0.00 28
    2021-04-01 $152,500 (5.2%) $231,522 (15.0%) 0.00 23
    2021-05-01 $140,000 (-6.7%) $271,918 (33.4%) 0.00 23
    2021-06-01 $133,550 (-10.3%) $261,387 (31.8%) 0.00 27
    2021-07-01 $123,950 (-27.2%) $263,474 (18.3%) 0.00 22
    2021-08-01 $129,925 (-18.5%) $259,471 (25.1%) 0.00 23
    2021-09-01 $137,500 (-16.7%) $216,243 (9.5%) 0.00 21
    2021-10-01 $144,000 (-11.4%) $218,876 (17.1%) 0.00 29
    2021-11-01 $142,500 (-14.9%) $248,560 (19.0%) 0.00 31
    2021-12-01 $142,000 (-3.2%) $264,071 (29.1%) 0.00 27
    2022-01-01 $142,000 (-5.0%) $253,849 (20.9%) 0.00 31
    2022-02-01 $155,000 (14.1%) $274,137 (33.7%) 0.00 29
    2022-03-01 $133,875 (-8.5%) $265,220 (24.0%) 0.00 28
    2022-04-01 $134,000 (-12.1%) $263,596 (13.9%) 0.00 24
    2022-05-01 $154,750 (10.5%) $286,245 (5.3%) 0.00 27
    2022-06-01 $168,725 (26.3%) $307,739 (17.7%) 0.00 29
    2022-07-01 $175,000 (41.2%) $303,954 (15.4%) 0.00 33
    2022-08-01 $212,500 (63.6%) $294,359 (13.5%) 0.00 38
    2022-09-01 $168,250 (22.4%) $282,689 (30.7%) 0.00 35
    2022-10-01 $165,000 (14.6%) $277,177 (26.6%) 0.00 38
    2022-11-01 $165,000 (15.8%) $253,042 (1.8%) 0.00 34
    2022-12-01 $200,000 (40.9%) $255,993 (-3.1%) 0.00 29
    2023-01-01 $195,000 (37.3%) $257,459 (1.4%) 0.00 28
    2023-02-01 $195,000 (25.8%) $265,864 (-3.0%) 0.00 24
    2023-03-01 $206,250 (54.1%) $291,191 (9.8%) 0.00 22
    2023-04-01 $210,000 (56.7%) $249,112 (-5.5%) 0.00 21
    2023-05-01 $156,250 (1.0%) $207,207 (-27.6%) 0.00 18
    2023-06-01 $160,625 (-4.8%) $212,517 (-30.9%) 0.00 19
    2023-07-01 $169,000 (-3.4%) $228,728 (-24.8%) 0.00 22
    2023-08-01 $176,750 (-16.8%) $228,306 (-22.4%) 0.00 24
    2023-09-01 $149,900 (-10.9%) $180,171 (-36.3%) 0.00 27
    2023-10-01 $193,000 (17.0%) $194,125 (-30.0%) 0.00 30
    2023-11-01 $204,750 (24.1%) $194,060 (-23.3%) 0.00 30
    2023-12-01 $220,000 (10.0%) $204,022 (-20.3%) 0.00 32
    2024-01-01 $220,000 (12.8%) $269,647 (4.7%) 0.00 30
    2024-02-01 $220,000 (12.8%) $294,777 (10.9%) 0.00 26
    2024-03-01 $220,000 (6.7%) $289,739 (-0.5%) 0.00 30
    2024-04-01 $224,975 (7.1%) $288,740 (15.9%) 0.00 33
    2024-05-01 $230,000 (47.2%) $279,136 (34.7%) 0.00 36
    2024-06-01 $220,000 (37.0%) $259,995 (22.3%) 0.00 40
    2024-07-01 $219,250 (29.7%) $280,474 (22.6%) 0.00 43
    2024-08-01 $200,000 (13.2%) $275,767 (20.8%) 0.00 46
    2024-09-01 $203,625 (35.8%) $278,659 (54.7%) 0.00 50
    2024-10-01 $198,125 (2.7%) $279,236 (43.8%) 0.00 50
    2024-11-01 $189,900 (-7.3%) $263,383 (35.7%) 0.00 54
    Grants's median listing price for 2024-11-01 was $189,900, a difference of $-14,850 (-7.3%) versus the prior year and $-8,225 versus the prior month.

    Grants's median listing price comes in at 0% of the national average.

    Grants's average listing price for 2024-11-01 was $263,383, a difference of $69,323 (35.7%) versus the prior year and $-15,853 versus the prior month.

    For the 2024-11-01 period, Grants had 54 MLS listings, a difference of 4 listings (8%) versus the prior month and 24 listings (80%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Grants (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,664 sqft
    2018-02-01 0 days 1,724 sqft
    2018-03-01 0 days 1,682 sqft
    2018-04-01 0 days 1,635 sqft
    2018-05-01 0 days 1,544 sqft
    2018-06-01 0 days 1,585 sqft
    2018-07-01 0 days 1,452 sqft
    2018-08-01 0 days 1,469 sqft
    2018-09-01 0 days 1,488 sqft
    2018-10-01 0 days 1,486 sqft
    2018-11-01 0 days 1,490 sqft
    2018-12-01 0 days 1,488 sqft
    2019-01-01 0 days 1,500 sqft
    2019-02-01 0 days 1,622 sqft
    2019-03-01 0 days 1,580 sqft
    2019-04-01 0 days 1,500 sqft
    2019-05-01 0 days 1,638 sqft
    2019-06-01 0 days 1,638 sqft
    2019-07-01 0 days 1,645 sqft
    2019-08-01 0 days 1,623 sqft
    2019-09-01 0 days 1,571 sqft
    2019-10-01 0 days 1,531 sqft
    2019-11-01 0 days 1,657 sqft
    2019-12-01 0 days 1,706 sqft
    2020-01-01 0 days 1,802 sqft
    2020-02-01 0 days 1,716 sqft
    2020-03-01 0 days 1,815 sqft
    2020-04-01 0 days 1,824 sqft
    2020-05-01 0 days 1,833 sqft
    2020-06-01 0 days 1,823 sqft
    2020-07-01 0 days 1,921 sqft
    2020-08-01 0 days 1,829 sqft
    2020-09-01 0 days 1,805 sqft
    2020-10-01 0 days 1,850 sqft
    2020-11-01 0 days 1,794 sqft
    2020-12-01 0 days 1,769 sqft
    2021-01-01 0 days 1,766 sqft
    2021-02-01 0 days 1,683 sqft
    2021-03-01 0 days 1,785 sqft
    2021-04-01 0 days 2,019 sqft
    2021-05-01 0 days 1,921 sqft
    2021-06-01 0 days 1,878 sqft
    2021-07-01 0 days 1,849 sqft
    2021-08-01 0 days 1,810 sqft
    2021-09-01 0 days 1,600 sqft
    2021-10-01 0 days 1,492 sqft
    2021-11-01 0 days 1,536 sqft
    2021-12-01 0 days 1,599 sqft
    2022-01-01 0 days 1,486 sqft
    2022-02-01 0 days 1,652 sqft
    2022-03-01 0 days 1,356 sqft
    2022-04-01 0 days 1,366 sqft
    2022-05-01 0 days 1,407 sqft
    2022-06-01 0 days 1,535 sqft
    2022-07-01 0 days 1,685 sqft
    2022-08-01 0 days 1,700 sqft
    2022-09-01 0 days 1,690 sqft
    2022-10-01 0 days 1,700 sqft
    2022-11-01 0 days 1,803 sqft
    2022-12-01 0 days 1,760 sqft
    2023-01-01 0 days 1,794 sqft
    2023-02-01 0 days 1,726 sqft
    2023-03-01 0 days 1,726 sqft
    2023-04-01 0 days 1,690 sqft
    2023-05-01 0 days 1,350 sqft
    2023-06-01 0 days 1,408 sqft
    2023-07-01 0 days 1,655 sqft
    2023-08-01 0 days 1,528 sqft
    2023-09-01 0 days 1,556 sqft
    2023-10-01 0 days 1,767 sqft
    2023-11-01 0 days 1,784 sqft
    2023-12-01 0 days 1,863 sqft
    2024-01-01 0 days 1,857 sqft
    2024-02-01 0 days 1,868 sqft
    2024-03-01 0 days 1,825 sqft
    2024-04-01 0 days 1,813 sqft
    2024-05-01 0 days 1,813 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,767 sqft
    2024-08-01 0 days 1,735 sqft
    2024-09-01 0 days 1,565 sqft
    2024-10-01 0 days 1,660 sqft
    2024-11-01 0 days 1,515 sqft
    Grants's median listing age (time on market) for 2024-11-01 was 0 days.

    Grants's median square footage for active listings during the 2024-11-01 period was 1,515 sqft. One year prior, the average listing was 1,784 sqft.