Heber USDA Loan Rates, Closing Costs & Stats
Heber, UT
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.
Heber's 1 lenders originated 3 USDA loans during 2022. The total origination value was $1,055,000, with an average USDA loan value of $351,667.
Heber USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Heber
averaged
-0.72%
for the week of 2023-06-02, compared to the national average (all USDA variants) of
0% for the same period.
Heber's average USDA mortgage closing costs are $7,394.
The average rate for the prior week (2023-05-26) was
6.02% and
one month ago for the week of 2023-04-28, the
average rate was 5.8%.
The average rate one year ago was 4.26%.
For refis of the same type during the week of 2023-06-02, the average rate
was -1.86%.
Heber 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 Heber level.
| Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| FIRST COLONY MORTGAGE CORPORATION | 2 | 4.75% | $10,469 |
The lowest fee Heber USDA lenders (with over 10 loans originated) are
.
The lowest rate Heber USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Heber (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 | $1,262,500 (12.3%) | $2,065,426 (6.3%) | 0.00 | 1,148 |
| 2018-02-01 | $1,292,000 (10.0%) | $2,071,838 (5.0%) | 0.00 | 1,178 |
| 2018-03-01 | $1,249,950 (5.8%) | $2,029,554 (2.5%) | 0.00 | 1,237 |
| 2018-04-01 | $1,112,000 (1.1%) | $1,906,010 (-2.4%) | 0.00 | 1,245 |
| 2018-05-01 | $981,250 (-1.5%) | $1,821,814 (-3.8%) | 0.00 | 1,281 |
| 2018-06-01 | $995,000 (4.8%) | $1,783,775 (-2.0%) | 0.00 | 1,378 |
| 2018-07-01 | $1,033,000 (8.5%) | $1,789,972 (0.1%) | 0.00 | 1,432 |
| 2018-08-01 | $975,000 (2.7%) | $1,719,384 (-3.1%) | 0.00 | 1,498 |
| 2018-09-01 | $969,000 (-1.6%) | $1,710,871 (-6.3%) | 0.00 | 1,509 |
| 2018-10-01 | $947,500 (-5.2%) | $1,702,495 (-8.8%) | 0.00 | 1,495 |
| 2018-11-01 | $1,002,750 (-8.1%) | $1,764,490 (-7.7%) | 0.00 | 1,447 |
| 2018-12-01 | $1,035,000 (-8.0%) | $1,802,888 (-8.3%) | 0.00 | 1,469 |
| 2019-01-01 | $1,087,500 (-13.9%) | $1,843,900 (-10.7%) | 0.00 | 1,470 |
| 2019-02-01 | $1,112,500 (-13.9%) | $1,856,510 (-10.4%) | 0.00 | 1,454 |
| 2019-03-01 | $1,112,143 (-11.0%) | $1,841,424 (-9.3%) | 0.00 | 1,428 |
| 2019-04-01 | $1,095,000 (-1.5%) | $1,816,587 (-4.7%) | 0.00 | 1,377 |
| 2019-05-01 | $1,000,000 (1.9%) | $1,746,912 (-4.1%) | 0.00 | 1,410 |
| 2019-06-01 | $1,026,500 (3.2%) | $1,751,994 (-1.8%) | 0.00 | 1,507 |
| 2019-07-01 | $1,096,000 (6.1%) | $1,805,938 (0.9%) | 0.00 | 1,553 |
| 2019-08-01 | $1,118,182 (14.7%) | $1,831,694 (6.5%) | 0.00 | 1,500 |
| 2019-09-01 | $1,107,955 (14.3%) | $1,854,400 (8.4%) | 0.00 | 1,422 |
| 2019-10-01 | $1,121,111 (18.3%) | $1,874,391 (10.1%) | 0.00 | 1,350 |
| 2019-11-01 | $1,195,000 (19.2%) | $1,953,854 (10.7%) | 0.00 | 1,290 |
| 2019-12-01 | $1,180,000 (14.0%) | $1,990,304 (10.4%) | 0.00 | 1,267 |
| 2020-01-01 | $1,247,500 (14.7%) | $2,058,286 (11.6%) | 0.00 | 1,239 |
| 2020-02-01 | $1,279,000 (15.0%) | $2,109,702 (13.6%) | 0.00 | 1,222 |
| 2020-03-01 | $1,155,000 (3.9%) | $2,029,973 (10.2%) | 0.00 | 1,259 |
| 2020-04-01 | $950,000 (-13.2%) | $1,860,235 (2.4%) | 0.00 | 1,245 |
| 2020-05-01 | $924,900 (-7.5%) | $1,767,392 (1.2%) | 0.00 | 1,336 |
| 2020-06-01 | $929,950 (-9.4%) | $1,780,349 (1.6%) | 0.00 | 1,396 |
| 2020-07-01 | $973,500 (-11.2%) | $1,879,623 (4.1%) | 0.00 | 1,384 |
| 2020-08-01 | $973,500 (-12.9%) | $1,950,092 (6.5%) | 0.00 | 1,232 |
| 2020-09-01 | $973,750 (-12.1%) | $2,055,203 (10.8%) | 0.00 | 1,053 |
| 2020-10-01 | $939,000 (-16.2%) | $2,069,131 (10.4%) | 0.00 | 897 |
| 2020-11-01 | $995,112 (-16.7%) | $2,210,992 (13.2%) | 0.00 | 737 |
| 2020-12-01 | $1,083,375 (-8.2%) | $2,288,661 (15.0%) | 0.00 | 671 |
| 2021-01-01 | $1,250,000 (0.2%) | $2,468,974 (20.0%) | 0.00 | 610 |
| 2021-02-01 | $1,312,500 (2.6%) | $2,648,419 (25.5%) | 0.00 | 533 |
| 2021-03-01 | $1,350,000 (16.9%) | $2,769,154 (36.4%) | 0.00 | 476 |
| 2021-04-01 | $1,367,500 (44.0%) | $2,765,228 (48.7%) | 0.00 | 468 |
| 2021-05-01 | $1,299,000 (40.5%) | $2,595,558 (46.9%) | 0.00 | 508 |
| 2021-06-01 | $1,290,000 (38.7%) | $2,610,955 (46.7%) | 0.00 | 547 |
| 2021-07-01 | $1,300,000 (33.5%) | $2,676,127 (42.4%) | 0.00 | 556 |
| 2021-08-01 | $1,299,500 (33.5%) | $2,504,668 (28.4%) | 0.00 | 564 |
| 2021-09-01 | $1,303,750 (33.9%) | $2,568,018 (25.0%) | 0.00 | 525 |
| 2021-10-01 | $1,499,999 (59.7%) | $2,744,026 (32.6%) | 0.00 | 468 |
| 2021-11-01 | $1,737,500 (74.6%) | $3,003,732 (35.9%) | 0.00 | 379 |
| 2021-12-01 | $1,842,500 (70.1%) | $3,091,667 (35.1%) | 0.00 | 350 |
| 2022-01-01 | $1,770,000 (41.6%) | $2,960,056 (19.9%) | 0.00 | 327 |
| 2022-02-01 | $1,759,750 (34.1%) | $3,012,697 (13.8%) | 0.00 | 311 |
| 2022-03-01 | $1,797,000 (33.1%) | $2,986,802 (7.9%) | 0.00 | 364 |
| 2022-04-01 | $1,785,500 (30.6%) | $2,823,592 (2.1%) | 0.00 | 401 |
| 2022-05-01 | $1,617,000 (24.5%) | $2,677,799 (3.2%) | 0.00 | 544 |
| 2022-06-01 | $1,550,000 (20.2%) | $2,636,508 (1.0%) | 0.00 | 767 |
| 2022-07-01 | $1,499,999 (15.4%) | $2,582,042 (-3.5%) | 0.00 | 1,036 |
| 2022-08-01 | $1,524,725 (17.3%) | $2,607,981 (4.1%) | 0.00 | 1,081 |
| 2022-09-01 | $1,500,000 (15.1%) | $2,644,821 (3.0%) | 0.00 | 1,035 |
| 2022-10-01 | $1,554,101 (3.6%) | $2,661,009 (-3.0%) | 0.00 | 986 |
| 2022-11-01 | $1,596,500 (-8.1%) | $2,837,871 (-5.5%) | 0.00 | 960 |
| 2022-12-01 | $1,616,045 (-12.3%) | $3,008,787 (-2.7%) | 0.00 | 888 |
| 2023-01-01 | $1,788,250 (1.0%) | $3,080,310 (4.1%) | 0.00 | 860 |
| 2023-02-01 | $1,697,225 (-3.6%) | $3,075,387 (2.1%) | 0.00 | 864 |
| 2023-03-01 | $1,695,000 (-5.7%) | $2,959,959 (-0.9%) | 0.00 | 846 |
| 2023-04-01 | $1,499,250 (-16.0%) | $2,743,551 (-2.8%) | 0.00 | 894 |
| 2023-05-01 | $1,495,000 (-7.5%) | $2,625,896 (-1.9%) | 0.00 | 951 |
Heber's median listing price comes in at 0% of the national average.
Heber's average listing price for 2023-05-01 was $2,625,896, a difference of $-51,903 (-1.9%) versus the prior year and $-117,655 versus the prior month.
For the 2023-05-01 period, Heber had 951 MLS listings, a difference of 57 listings (6%) versus the prior month and 407 listings (75%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Heber (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,807 sqft |
| 2018-02-01 | 0 days | 2,808 sqft |
| 2018-03-01 | 0 days | 2,850 sqft |
| 2018-04-01 | 0 days | 2,861 sqft |
| 2018-05-01 | 0 days | 2,961 sqft |
| 2018-06-01 | 0 days | 3,000 sqft |
| 2018-07-01 | 0 days | 3,017 sqft |
| 2018-08-01 | 0 days | 2,983 sqft |
| 2018-09-01 | 0 days | 3,025 sqft |
| 2018-10-01 | 0 days | 3,033 sqft |
| 2018-11-01 | 0 days | 3,043 sqft |
| 2018-12-01 | 0 days | 2,850 sqft |
| 2019-01-01 | 0 days | 2,801 sqft |
| 2019-02-01 | 0 days | 2,746 sqft |
| 2019-03-01 | 0 days | 2,699 sqft |
| 2019-04-01 | 0 days | 2,732 sqft |
| 2019-05-01 | 0 days | 2,726 sqft |
| 2019-06-01 | 0 days | 2,857 sqft |
| 2019-07-01 | 0 days | 2,968 sqft |
| 2019-08-01 | 0 days | 3,012 sqft |
| 2019-09-01 | 0 days | 3,030 sqft |
| 2019-10-01 | 0 days | 3,050 sqft |
| 2019-11-01 | 0 days | 3,030 sqft |
| 2019-12-01 | 0 days | 2,958 sqft |
| 2020-01-01 | 0 days | 2,969 sqft |
| 2020-02-01 | 0 days | 2,904 sqft |
| 2020-03-01 | 0 days | 2,878 sqft |
| 2020-04-01 | 0 days | 2,751 sqft |
| 2020-05-01 | 0 days | 2,722 sqft |
| 2020-06-01 | 0 days | 2,710 sqft |
| 2020-07-01 | 0 days | 2,727 sqft |
| 2020-08-01 | 0 days | 2,716 sqft |
| 2020-09-01 | 0 days | 2,711 sqft |
| 2020-10-01 | 0 days | 2,630 sqft |
| 2020-11-01 | 0 days | 2,571 sqft |
| 2020-12-01 | 0 days | 2,556 sqft |
| 2021-01-01 | 0 days | 2,498 sqft |
| 2021-02-01 | 0 days | 2,450 sqft |
| 2021-03-01 | 0 days | 2,459 sqft |
| 2021-04-01 | 0 days | 2,539 sqft |
| 2021-05-01 | 0 days | 2,565 sqft |
| 2021-06-01 | 0 days | 2,750 sqft |
| 2021-07-01 | 0 days | 2,766 sqft |
| 2021-08-01 | 0 days | 2,727 sqft |
| 2021-09-01 | 0 days | 2,909 sqft |
| 2021-10-01 | 0 days | 3,197 sqft |
| 2021-11-01 | 0 days | 3,371 sqft |
| 2021-12-01 | 0 days | 3,267 sqft |
| 2022-01-01 | 0 days | 3,107 sqft |
| 2022-02-01 | 0 days | 2,722 sqft |
| 2022-03-01 | 0 days | 2,804 sqft |
| 2022-04-01 | 0 days | 2,791 sqft |
| 2022-05-01 | 0 days | 2,759 sqft |
| 2022-06-01 | 0 days | 2,814 sqft |
| 2022-07-01 | 0 days | 2,807 sqft |
| 2022-08-01 | 0 days | 2,761 sqft |
| 2022-09-01 | 0 days | 2,781 sqft |
| 2022-10-01 | 0 days | 2,799 sqft |
| 2022-11-01 | 0 days | 2,822 sqft |
| 2022-12-01 | 0 days | 2,942 sqft |
| 2023-01-01 | 0 days | 2,918 sqft |
| 2023-02-01 | 0 days | 2,818 sqft |
| 2023-03-01 | 0 days | 2,897 sqft |
| 2023-04-01 | 0 days | 2,807 sqft |
| 2023-05-01 | 0 days | 2,805 sqft |
Heber's median square footage for active listings during the 2023-05-01 period was 2,805 sqft. One year prior, the average listing was 2,759 sqft.