Greeley USDA Loans

GREELEY, 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.

Greeley's 41 lenders originated 182 USDA loans during 2021. The total origination value was $68,880,000, with an average USDA loan value of $378,462.

Greeley USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Greeley averaged 5.95% for the week of 2022-09-23, compared to the national average (all USDA variants) of 6.08% for the same period.

The average rate for the prior week (2022-09-16) was 5.99% and one month ago for the week of 2022-08-19, the average rate was 5.17%.

The average rate one year ago was 2.9%.

For refis of the same type during the week of 2022-09-23, the average rate was 5.77%.

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

Greeley USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Greeley level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CROSSCOUNTRY MORTGAGE, LLC 37 3.04% $7,581
PRIMARY RESIDENTIAL MORTGAGE, INC. 19 2.75% $9,474
LOANDEPOT.COM, LLC 11 2.67% $10,677
HOME POINT FINANCIAL CORPORATION 11 2.56% $9,179
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 3.13% $9,189
Financial Funding Solutions, Inc. 8 2.70% $8,572
UNITED WHOLESALE MORTGAGE, LLC 6 2.59% $8,205
DHI MORTGAGE COMPANY, LTD. 5 2.97% $9,406
CALIBER HOME LOANS, INC. 5 2.65% $6,778
First National Bank of Omaha 4 2.91% $6,559
Loan Simple, Inc. 3 2.50% $9,022
GUILD MORTGAGE COMPANY 3 3.13% $7,765
NEWREZ LLC 3 2.46% $10,686
CHERRY CREEK MORTGAGE, LLC 3 3.00% $4,311
CORNERSTONE HOME LENDING, INC. 2 3.00% $6,566
Bank of England 2 2.50% $6,850
FINANCE OF AMERICA MORTGAGE LLC 2 3.13% $8,275
First Western Trust Bank 2 2.63% $6,281
Flagstar Bank, FSB 2 2.56% $6,330
Paramount Residential Mortgage Group, Inc. 2 2.75% $8,170
SECURITYNATIONAL MORTGAGE COMPANY 2 2.25% $12,026
UNION HOME MORTGAGE CORP. 2 2.50% $7,786
UNIVERSAL LENDING CORPORATION 2 2.63% $6,474
CELEBRITY HOME LOANS, LLC 1 2.50% $5,543
BROKER SOLUTIONS, INC. 1 2.25% $4,102
Bank of Colorado 1 2.88% $7,029
MID AMERICA MORTGAGE, INC. 1 2.38% $3,430
NBH Bank 1 2.88% $7,371
AMERICAN FINANCING CORPORATION 1 2.25% $5,979
NOVA FINANCIAL & INVESTMENT CORPORATION 1 2.75% $5,287
VAN DYK MORTGAGE CORPORATION 1 2.50% $4,091
PENNYMAC LOAN SERVICES, LLC 1 2.63% $9,765
AMCAP MORTGAGE, LTD. 1 2.88% $8,087
S1L, Inc. 1 2.50% $8,054
ALL WESTERN MORTGAGE, INC. 1 4.38% $7,330
SUN WEST MORTGAGE COMPANY, INC. 1 2.63% $5,800
TOWNE MORTGAGE COMPANY 1 2.63% $7,460
Gateway First Bank 1 3.13% $5,914
ACADEMY MORTGAGE CORPORATION 1 3.38% $8,185
HOMEAMERICAN MORTGAGE CORPORATION 1 2.50% $4,163
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.75% $5,678

The top Greeley USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 37 USDA loans originated. Their average total fees are $7,581, which is $1,892 lower than the next largest lender, PRIMARY RESIDENTIAL MORTGAGE, INC..

The lowest fee Greeley USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($7,581), HOME POINT FINANCIAL CORPORATION ($9,179), PRIMARY RESIDENTIAL MORTGAGE, INC. ($9,474), LOANDEPOT.COM, LLC ($10,677) and .

The lowest rate Greeley USDA lenders (with over 10 loans originated) are HOME POINT FINANCIAL CORPORATION (2.56%), LOANDEPOT.COM, LLC (2.67%), PRIMARY RESIDENTIAL MORTGAGE, INC. (2.75%), CROSSCOUNTRY MORTGAGE, LLC (3.04%) and .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Greeley (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 $420,193 (7.8%) $491,573 (7.4%) 1.55 840
2018-02-01 $424,544 (4.8%) $502,237 (5.5%) 1.53 819
2018-03-01 $425,000 (3.8%) $501,190 (3.6%) 1.47 832
2018-04-01 $424,400 (-0.1%) $500,661 (0.5%) 1.42 874
2018-05-01 $436,400 (-0.3%) $515,163 (1.2%) 1.46 885
2018-06-01 $435,000 (1.0%) $517,772 (4.4%) 1.45 971
2018-07-01 $421,440 (0.3%) $520,150 (7.8%) 1.41 1,075
2018-08-01 $415,000 (-1.2%) $507,899 (4.5%) 1.39 1,116
2018-09-01 $418,094 (-1.4%) $494,765 (0.0%) 1.40 1,221
2018-10-01 $417,294 (-2.8%) $487,545 (-2.6%) 1.40 1,353
2018-11-01 $419,950 (-0.6%) $488,169 (-2.0%) 1.41 1,339
2018-12-01 $420,000 (0.0%) $489,713 (-1.0%) 1.44 1,219
2019-01-01 $419,450 (-0.2%) $495,321 (0.8%) 1.45 1,149
2019-02-01 $415,450 (-2.1%) $495,317 (-1.4%) 1.39 1,112
2019-03-01 $426,000 (0.2%) $507,505 (1.3%) 1.39 1,150
2019-04-01 $431,000 (1.6%) $515,995 (3.1%) 1.36 1,250
2019-05-01 $432,450 (-0.9%) $512,973 (-0.4%) 1.33 1,289
2019-06-01 $425,000 (-2.3%) $506,122 (-2.3%) 1.31 1,393
2019-07-01 $413,875 (-1.8%) $492,021 (-5.4%) 1.29 1,422
2019-08-01 $405,714 (-2.2%) $486,719 (-4.2%) 1.28 1,443
2019-09-01 $399,950 (-4.3%) $477,936 (-3.4%) 1.27 1,428
2019-10-01 $408,000 (-2.2%) $483,918 (-0.7%) 1.30 1,438
2019-11-01 $415,000 (-1.2%) $494,628 (1.3%) 1.34 1,326
2019-12-01 $418,950 (-0.3%) $505,586 (3.2%) 1.40 1,165
2020-01-01 $432,113 (3.0%) $524,260 (5.8%) 1.44 951
2020-02-01 $449,900 (8.3%) $539,041 (8.8%) 1.45 823
2020-03-01 $461,995 (8.5%) $542,728 (6.9%) 1.44 864
2020-04-01 $437,500 (1.5%) $518,680 (0.5%) 1.36 1,052
2020-05-01 $437,770 (1.2%) $520,042 (1.4%) 1.33 1,183
2020-06-01 $437,300 (2.9%) $523,072 (3.4%) 1.28 1,124
2020-07-01 $443,573 (7.2%) $534,777 (8.7%) 1.27 1,041
2020-08-01 $439,900 (8.4%) $543,041 (11.6%) 1.26 987
2020-09-01 $440,000 (10.0%) $554,495 (16.0%) 1.26 893
2020-10-01 $450,000 (10.3%) $563,009 (16.3%) 1.29 788
2020-11-01 $437,433 (5.4%) $565,152 (14.3%) 1.25 723
2020-12-01 $434,900 (3.8%) $562,577 (11.3%) 1.28 623
2021-01-01 $449,000 (3.9%) $586,132 (11.8%) 1.32 502
2021-02-01 $457,950 (1.8%) $608,749 (12.9%) 1.32 422
2021-03-01 $461,500 (-0.1%) $603,496 (11.2%) 1.29 410
2021-04-01 $470,900 (7.6%) $599,269 (15.5%) 1.27 411
2021-05-01 $470,115 (7.4%) $585,348 (12.6%) 1.24 382
2021-06-01 $485,000 (10.9%) $595,019 (13.8%) 1.26 402
2021-07-01 $486,900 (9.8%) $590,775 (10.5%) 1.26 470
2021-08-01 $500,000 (13.7%) $592,965 (9.2%) 1.31 486
2021-09-01 $495,125 (12.5%) $628,826 (13.4%) 1.30 487
2021-10-01 $489,990 (8.9%) $634,910 (12.8%) 1.29 500
2021-11-01 $484,777 (10.8%) $624,051 (10.4%) 1.28 460
2021-12-01 $459,625 (5.7%) $557,759 (-0.9%) 1.23 810
2022-01-01 $489,900 (9.1%) $669,045 (14.2%) 1.31 305
2022-02-01 $499,950 (9.2%) $723,644 (18.9%) 1.27 293
2022-03-01 $517,500 (12.1%) $698,924 (15.8%) 1.28 335
2022-04-01 $540,000 (14.7%) $705,952 (17.8%) 1.27 359
2022-05-01 $551,739 (17.4%) $723,189 (23.6%) 1.23 507
2022-06-01 $562,500 (16.0%) $706,743 (18.8%) 1.25 708
2022-07-01 $550,000 (13.0%) $693,180 (17.3%) 1.22 947
2022-08-01 $544,500 (8.9%) $696,274 (17.4%) 1.25 1,009
Greeley's median listing price for 2022-08-01 was $544,500, a difference of $44,500 (8.9%) versus the prior year and $-5,500 versus the prior month.

Greeley's median listing price comes in at 125% of the national average.

Greeley's average listing price for 2022-08-01 was $696,274, a difference of $103,309 (17.4%) versus the prior year and $3,094 versus the prior month.

For the 2022-08-01 period, Greeley had 1,009 MLS listings, a difference of 62 listings (7%) versus the prior month and 523 listings (108%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Greeley (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 66 days 3,289 sqft
2018-02-01 53 days 3,260 sqft
2018-03-01 37 days 3,233 sqft
2018-04-01 33 days 3,214 sqft
2018-05-01 32 days 3,272 sqft
2018-06-01 35 days 3,204 sqft
2018-07-01 36 days 3,165 sqft
2018-08-01 36 days 3,065 sqft
2018-09-01 38 days 3,064 sqft
2018-10-01 39 days 3,035 sqft
2018-11-01 46 days 3,065 sqft
2018-12-01 58 days 3,016 sqft
2019-01-01 60 days 2,969 sqft
2019-02-01 41 days 2,926 sqft
2019-03-01 43 days 3,025 sqft
2019-04-01 38 days 3,080 sqft
2019-05-01 41 days 3,094 sqft
2019-06-01 41 days 3,034 sqft
2019-07-01 44 days 2,943 sqft
2019-08-01 44 days 2,896 sqft
2019-09-01 46 days 2,839 sqft
2019-10-01 44 days 2,879 sqft
2019-11-01 47 days 2,913 sqft
2019-12-01 59 days 2,899 sqft
2020-01-01 67 days 3,052 sqft
2020-02-01 45 days 3,120 sqft
2020-03-01 33 days 3,169 sqft
2020-04-01 37 days 2,979 sqft
2020-05-01 43 days 2,935 sqft
2020-06-01 43 days 2,907 sqft
2020-07-01 42 days 2,934 sqft
2020-08-01 42 days 2,910 sqft
2020-09-01 41 days 2,809 sqft
2020-10-01 40 days 2,851 sqft
2020-11-01 47 days 2,735 sqft
2020-12-01 55 days 2,669 sqft
2021-01-01 70 days 2,687 sqft
2021-02-01 41 days 2,750 sqft
2021-03-01 28 days 2,682 sqft
2021-04-01 30 days 2,624 sqft
2021-05-01 30 days 2,664 sqft
2021-06-01 31 days 2,575 sqft
2021-07-01 28 days 2,584 sqft
2021-08-01 31 days 2,578 sqft
2021-09-01 36 days 2,531 sqft
2021-10-01 36 days 2,516 sqft
2021-11-01 37 days 2,513 sqft
2021-12-01 41 days 2,500 sqft
2022-01-01 44 days 2,494 sqft
2022-02-01 36 days 2,512 sqft
2022-03-01 27 days 2,572 sqft
2022-04-01 28 days 2,730 sqft
2022-05-01 22 days 2,829 sqft
2022-06-01 22 days 2,859 sqft
2022-07-01 29 days 2,806 sqft
2022-08-01 36 days 2,728 sqft
Greeley's median listing age (time on market) for 2022-08-01 was 36 days. This is 15% longer than the same period one year ago.

Greeley's median square footage for active listings during the 2022-08-01 period was 2,728 sqft. One year prior, the average listing was 2,578 sqft.