Grants USDA Loan Rates, Closing Costs & Stats

Grants, NM

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 6.87% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

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

The average rate for the prior week (2024-03-15) was 6.7% and one month ago for the week of 2024-02-16, the average rate was 6.58%.

The average rate one year ago was 6.38%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.67%.

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
Grants's median listing price for 2024-02-01 was $220,000, a difference of $25,000 (12.8%) versus the prior year and $0 versus the prior month.

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

Grants's average listing price for 2024-02-01 was $294,777, a difference of $28,913 (10.9%) versus the prior year and $25,130 versus the prior month.

For the 2024-02-01 period, Grants had 26 MLS listings, a difference of -4 listings (-13%) versus the prior month and 2 listings (8%) 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
Grants's median listing age (time on market) for 2024-02-01 was 0 days.

Grants's median square footage for active listings during the 2024-02-01 period was 1,868 sqft. One year prior, the average listing was 1,726 sqft.