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 12 lenders originated 18 USDA loans during 2021. The total origination value was $6,110,000, with an average USDA loan value of $339,444.

Heber USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Heber averaged 6.24% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

Heber's average USDA mortgage closing costs are $7,334.

The average rate for the prior week (2023-01-20) was 6.33% and one month ago for the week of 2022-12-23, the average rate was 6.46%.

The average rate one year ago was 3.81%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.91%.

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

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
GUILD MORTGAGE COMPANY 3 2.75% $7,964
UNITED WHOLESALE MORTGAGE, LLC 3 2.70% $8,432
CALIBER HOME LOANS, INC. 2 2.75% $5,506
HOME POINT FINANCIAL CORPORATION 2 2.56% $5,258
Flagstar Bank, FSB 1 2.39% $7,532
SECURITY HOME MORTGAGE, LLC. 1 2.63% $6,390
STEARNS LENDING, LLC 1 3.00% $5,461
AMERICA FIRST 1 2.25% $9,167
VAN DYK MORTGAGE CORPORATION 1 2.50% $8,109
AXIA FINANCIAL, LLC 1 2.88% $6,655
BROKER SOLUTIONS, INC. 1 2.25% $13,059
Century Mortgage Company DBA Century Lending Company 1 2.75% $7,107

The top Heber USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 3 USDA loans originated. Their average total fees are $7,964, which is $469 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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%) $1,841,423 (-9.3%) 0.00 1,429
2019-04-01 $1,095,000 (-1.5%) $1,817,529 (-4.6%) 0.00 1,379
2019-05-01 $1,000,000 (1.9%) $1,745,941 (-4.2%) 0.00 1,413
2019-06-01 $1,025,000 (3.0%) $1,751,015 (-1.8%) 0.00 1,510
2019-07-01 $1,095,000 (6.0%) $1,803,667 (0.8%) 0.00 1,557
2019-08-01 $1,114,273 (14.3%) $1,829,041 (6.4%) 0.00 1,505
2019-09-01 $1,105,682 (14.1%) $1,851,217 (8.2%) 0.00 1,426
2019-10-01 $1,100,455 (16.1%) $1,870,771 (9.9%) 0.00 1,355
2019-11-01 $1,179,000 (17.6%) $1,949,732 (10.5%) 0.00 1,295
2019-12-01 $1,163,125 (12.4%) $1,985,986 (10.2%) 0.00 1,272
2020-01-01 $1,222,500 (12.4%) $2,053,588 (11.4%) 0.00 1,244
2020-02-01 $1,272,000 (14.3%) $2,104,745 (13.4%) 0.00 1,227
2020-03-01 $1,135,000 (2.1%) $2,025,555 (10.0%) 0.00 1,264
2020-04-01 $950,000 (-13.2%) $1,856,467 (2.1%) 0.00 1,250
2020-05-01 $924,900 (-7.5%) $1,764,267 (1.1%) 0.00 1,341
2020-06-01 $929,975 (-9.3%) $1,777,141 (1.5%) 0.00 1,402
2020-07-01 $975,000 (-11.0%) $1,876,703 (4.1%) 0.00 1,390
2020-08-01 $975,000 (-12.5%) $1,946,382 (6.4%) 0.00 1,238
2020-09-01 $977,725 (-11.6%) $2,050,270 (10.8%) 0.00 1,059
2020-10-01 $939,000 (-14.7%) $2,063,479 (10.3%) 0.00 903
2020-11-01 $995,112 (-15.6%) $2,202,864 (13.0%) 0.00 743
2020-12-01 $1,072,125 (-7.8%) $2,279,110 (14.8%) 0.00 677
2021-01-01 $1,199,900 (-1.9%) $2,457,700 (19.7%) 0.00 616
2021-02-01 $1,299,250 (2.1%) $2,631,592 (25.0%) 0.00 538
2021-03-01 $1,330,000 (17.2%) $2,749,402 (35.7%) 0.00 481
2021-04-01 $1,350,000 (42.1%) $2,746,261 (47.9%) 0.00 474
2021-05-01 $1,299,000 (40.5%) $2,580,048 (46.2%) 0.00 514
2021-06-01 $1,284,879 (38.2%) $2,596,490 (46.1%) 0.00 553
2021-07-01 $1,299,999 (33.3%) $2,663,480 (41.9%) 0.00 561
2021-08-01 $1,297,487 (33.1%) $2,493,156 (28.1%) 0.00 569
2021-09-01 $1,295,000 (32.5%) $2,554,009 (24.6%) 0.00 530
2021-10-01 $1,493,000 (59.0%) $2,725,394 (32.1%) 0.00 474
2021-11-01 $1,719,884 (72.8%) $2,977,412 (35.2%) 0.00 385
2021-12-01 $1,819,500 (69.7%) $3,063,657 (34.4%) 0.00 356
2022-01-01 $1,700,000 (41.7%) $2,941,701 (19.7%) 0.00 333
2022-02-01 $1,747,250 (34.5%) $2,993,566 (13.8%) 0.00 317
2022-03-01 $1,794,000 (34.9%) $2,971,743 (8.1%) 0.00 370
2022-04-01 $1,763,435 (30.6%) $2,839,264 (3.4%) 0.00 407
2022-05-01 $1,600,000 (23.2%) $2,666,923 (3.4%) 0.00 550
2022-06-01 $1,550,000 (20.6%) $2,630,962 (1.3%) 0.00 773
2022-07-01 $1,500,000 (15.4%) $2,578,193 (-3.2%) 0.00 1,042
2022-08-01 $1,517,500 (17.0%) $2,601,134 (4.3%) 0.00 1,087
2022-09-01 $1,499,950 (15.8%) $2,637,260 (3.3%) 0.00 1,041
2022-10-01 $1,549,450 (3.8%) $2,652,741 (-2.7%) 0.00 992
2022-11-01 $1,592,950 (-7.4%) $2,828,058 (-5.0%) 0.00 966
2022-12-01 $1,600,000 (-12.1%) $2,995,019 (-2.2%) 0.00 896
Heber's median listing price for 2022-12-01 was $1,600,000, a difference of $-219,500 (-12.1%) versus the prior year and $7,050 versus the prior month.

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

Heber's average listing price for 2022-12-01 was $2,995,019, a difference of $-68,638 (-2.2%) versus the prior year and $166,961 versus the prior month.

For the 2022-12-01 period, Heber had 896 MLS listings, a difference of -70 listings (-7%) versus the prior month and 540 listings (152%) 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 2,731 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 3,011 sqft
2019-09-01 0 days 3,027 sqft
2019-10-01 0 days 3,047 sqft
2019-11-01 0 days 3,026 sqft
2019-12-01 0 days 2,956 sqft
2020-01-01 0 days 2,964 sqft
2020-02-01 0 days 2,902 sqft
2020-03-01 0 days 2,877 sqft
2020-04-01 0 days 2,745 sqft
2020-05-01 0 days 2,722 sqft
2020-06-01 0 days 2,710 sqft
2020-07-01 0 days 2,726 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 2,449 sqft
2021-03-01 0 days 2,458 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 2,758 sqft
2021-08-01 0 days 2,724 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 2,720 sqft
2022-03-01 0 days 2,809 sqft
2022-04-01 0 days 2,791 sqft
2022-05-01 0 days 2,759 sqft
2022-06-01 0 days 2,810 sqft
2022-07-01 0 days 2,801 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 2,936 sqft
Heber's median listing age (time on market) for 2022-12-01 was 0 days.

Heber's median square footage for active listings during the 2022-12-01 period was 2,936 sqft. One year prior, the average listing was 3,267 sqft.