Helena USDA Loan Rates, Closing Costs & Stats

Helena, MT

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.

Helena's 4 lenders originated 5 USDA loans during 2023. The total origination value was $1,535,000, with an average USDA loan value of $307,000.

Helena USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Helena averaged 6.43% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Helena's average USDA mortgage closing costs are $7,572.

The average rate for the prior week (2024-05-10) was 6.57% and one month ago for the week of 2024-04-12, the average rate was 6.6%.

The average rate one year ago was 6.18%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.95%.

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

Helena 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 Helena level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Stockman Bank of Montana 2 5.81% $9,704
AXIA FINANCIAL, LLC 1 5.50% $12,219
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.75% $10,111
Opportunity Bank of Montana 1 6.13% $9,455

The top Helena USDA lender as defined by loan originations is Stockman Bank of Montana, with 2 USDA loans originated. Their average total fees are $9,704, which is $2,515 lower than the next largest lender, AXIA FINANCIAL, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Helena (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 $284,650 (-1.7%) $428,212 (17.5%) 0.00 442
2018-02-01 $284,900 (-1.5%) $388,880 (6.5%) 0.00 455
2018-03-01 $299,000 (3.5%) $391,496 (-0.7%) 0.00 492
2018-04-01 $299,925 (3.8%) $424,798 (9.2%) 0.00 557
2018-05-01 $299,900 (4.1%) $415,992 (8.1%) 0.00 621
2018-06-01 $302,200 (6.1%) $408,766 (6.8%) 0.00 687
2018-07-01 $310,000 (9.2%) $416,900 (10.0%) 0.00 701
2018-08-01 $302,525 (6.3%) $415,826 (8.8%) 0.00 689
2018-09-01 $299,900 (3.5%) $416,867 (12.2%) 0.00 697
2018-10-01 $304,900 (5.7%) $422,861 (12.7%) 0.00 646
2018-11-01 $328,000 (13.1%) $481,050 (22.1%) 0.00 404
2018-12-01 $326,000 (12.5%) $479,685 (19.9%) 0.00 365
2019-01-01 $314,900 (10.6%) $480,939 (12.3%) 0.00 331
2019-02-01 $319,950 (12.3%) $486,257 (25.0%) 0.00 309
2019-03-01 $327,043 (9.4%) $489,334 (25.0%) 0.00 310
2019-04-01 $327,093 (9.1%) $490,996 (15.6%) 0.00 309
2019-05-01 $325,000 (8.4%) $491,775 (18.2%) 0.00 337
2019-06-01 $324,500 (7.4%) $482,434 (18.0%) 0.00 366
2019-07-01 $320,725 (3.5%) $460,158 (10.4%) 0.00 395
2019-08-01 $317,827 (5.1%) $455,582 (9.6%) 0.00 386
2019-09-01 $316,068 (5.4%) $453,402 (8.8%) 0.00 373
2019-10-01 $315,045 (3.3%) $452,559 (7.0%) 0.00 358
2019-11-01 $320,000 (-2.4%) $460,700 (-4.2%) 0.00 316
2019-12-01 $320,000 (-1.8%) $487,288 (1.6%) 0.00 278
2020-01-01 $321,000 (1.9%) $471,920 (-1.9%) 0.00 242
2020-02-01 $334,500 (4.6%) $526,684 (8.3%) 0.00 231
2020-03-01 $344,675 (5.4%) $544,927 (11.4%) 0.00 228
2020-04-01 $355,750 (8.8%) $540,271 (10.0%) 0.00 241
2020-05-01 $365,000 (12.3%) $551,080 (12.1%) 0.00 231
2020-06-01 $367,675 (13.3%) $544,093 (12.8%) 0.00 221
2020-07-01 $382,400 (19.2%) $586,872 (27.5%) 0.00 195
2020-08-01 $399,900 (25.8%) $578,995 (27.1%) 0.00 176
2020-09-01 $414,975 (31.3%) $568,956 (25.5%) 0.00 176
2020-10-01 $409,450 (30.0%) $566,362 (25.2%) 0.00 156
2020-11-01 $462,450 (44.5%) $607,282 (31.8%) 0.00 120
2020-12-01 $453,675 (41.8%) $619,606 (27.2%) 0.00 101
2021-01-01 $419,450 (30.7%) $613,033 (29.9%) 0.00 93
2021-02-01 $451,925 (35.1%) $642,076 (21.9%) 0.00 77
2021-03-01 $469,638 (36.3%) $654,974 (20.2%) 0.00 83
2021-04-01 $454,900 (27.9%) $641,543 (18.7%) 0.00 96
2021-05-01 $448,500 (22.9%) $636,924 (15.6%) 0.00 101
2021-06-01 $474,450 (29.0%) $673,695 (23.8%) 0.00 113
2021-07-01 $475,000 (24.2%) $654,316 (11.5%) 0.00 143
2021-08-01 $472,000 (18.0%) $640,288 (10.6%) 0.00 151
2021-09-01 $488,750 (17.8%) $664,459 (16.8%) 0.00 137
2021-10-01 $499,000 (21.9%) $660,974 (16.7%) 0.00 126
2021-11-01 $525,800 (13.7%) $700,079 (15.3%) 0.00 111
2021-12-01 $549,500 (21.1%) $706,888 (14.1%) 0.00 80
2022-01-01 $550,000 (31.1%) $734,391 (19.8%) 0.00 63
2022-02-01 $562,500 (24.5%) $715,059 (11.4%) 0.00 69
2022-03-01 $537,825 (14.5%) $648,176 (-1.0%) 0.00 69
2022-04-01 $550,000 (20.9%) $661,575 (3.1%) 0.00 77
2022-05-01 $539,500 (20.3%) $664,320 (4.3%) 0.00 102
2022-06-01 $584,725 (23.2%) $780,285 (15.8%) 0.00 119
2022-07-01 $589,900 (24.2%) $805,225 (23.1%) 0.00 161
2022-08-01 $599,450 (27.0%) $805,691 (25.8%) 0.00 188
2022-09-01 $599,000 (22.6%) $820,394 (23.5%) 0.00 183
2022-10-01 $580,000 (16.2%) $810,798 (22.7%) 0.00 189
2022-11-01 $550,000 (4.6%) $786,655 (12.4%) 0.00 189
2022-12-01 $569,000 (3.6%) $813,523 (15.1%) 0.00 158
2023-01-01 $575,500 (4.6%) $800,268 (9.0%) 0.00 151
2023-02-01 $579,450 (3.0%) $838,234 (17.2%) 0.00 130
2023-03-01 $553,675 (3.0%) $809,761 (24.9%) 0.00 140
2023-04-01 $585,000 (6.4%) $813,535 (23.0%) 0.00 143
2023-05-01 $602,200 (11.6%) $848,188 (27.7%) 0.00 164
2023-06-01 $649,950 (11.2%) $850,796 (9.0%) 0.00 192
2023-07-01 $656,950 (11.4%) $886,380 (10.1%) 0.00 210
2023-08-01 $632,000 (5.4%) $845,474 (4.9%) 0.00 224
2023-09-01 $625,000 (4.3%) $824,915 (0.6%) 0.00 231
2023-10-01 $599,900 (3.4%) $811,091 (0.0%) 0.00 227
2023-11-01 $609,925 (10.9%) $893,085 (13.5%) 0.00 214
2023-12-01 $599,900 (5.4%) $901,660 (10.8%) 0.00 187
2024-01-01 $556,850 (-3.2%) $891,041 (11.3%) 0.00 166
2024-02-01 $584,950 (1.0%) $887,679 (5.9%) 0.00 165
2024-03-01 $625,000 (12.9%) $923,872 (14.1%) 0.00 170
2024-04-01 $651,750 (11.4%) $868,015 (6.7%) 0.00 195
Helena's median listing price for 2024-04-01 was $651,750, a difference of $66,750 (11.4%) versus the prior year and $26,750 versus the prior month.

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

Helena's average listing price for 2024-04-01 was $868,015, a difference of $54,480 (6.7%) versus the prior year and $-55,857 versus the prior month.

For the 2024-04-01 period, Helena had 195 MLS listings, a difference of 25 listings (15%) versus the prior month and 52 listings (36%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Helena (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,968 sqft
2018-02-01 0 days 2,005 sqft
2018-03-01 0 days 2,048 sqft
2018-04-01 0 days 2,075 sqft
2018-05-01 0 days 2,123 sqft
2018-06-01 0 days 2,118 sqft
2018-07-01 0 days 2,129 sqft
2018-08-01 0 days 2,118 sqft
2018-09-01 0 days 2,126 sqft
2018-10-01 0 days 2,247 sqft
2018-11-01 0 days 2,321 sqft
2018-12-01 0 days 2,248 sqft
2019-01-01 0 days 2,162 sqft
2019-02-01 0 days 2,184 sqft
2019-03-01 0 days 2,210 sqft
2019-04-01 0 days 2,231 sqft
2019-05-01 0 days 2,182 sqft
2019-06-01 0 days 2,215 sqft
2019-07-01 0 days 2,189 sqft
2019-08-01 0 days 2,173 sqft
2019-09-01 0 days 2,143 sqft
2019-10-01 0 days 2,127 sqft
2019-11-01 0 days 2,144 sqft
2019-12-01 0 days 2,116 sqft
2020-01-01 0 days 2,065 sqft
2020-02-01 0 days 2,101 sqft
2020-03-01 0 days 2,149 sqft
2020-04-01 0 days 2,234 sqft
2020-05-01 0 days 2,226 sqft
2020-06-01 0 days 2,272 sqft
2020-07-01 0 days 2,300 sqft
2020-08-01 0 days 2,388 sqft
2020-09-01 0 days 2,412 sqft
2020-10-01 0 days 2,400 sqft
2020-11-01 0 days 2,429 sqft
2020-12-01 0 days 2,414 sqft
2021-01-01 0 days 2,352 sqft
2021-02-01 0 days 2,284 sqft
2021-03-01 0 days 2,269 sqft
2021-04-01 0 days 2,114 sqft
2021-05-01 0 days 2,016 sqft
2021-06-01 0 days 2,074 sqft
2021-07-01 0 days 2,074 sqft
2021-08-01 0 days 2,053 sqft
2021-09-01 0 days 2,194 sqft
2021-10-01 0 days 2,116 sqft
2021-11-01 0 days 2,117 sqft
2021-12-01 0 days 2,205 sqft
2022-01-01 0 days 2,196 sqft
2022-02-01 0 days 2,266 sqft
2022-03-01 0 days 2,110 sqft
2022-04-01 0 days 2,164 sqft
2022-05-01 0 days 2,137 sqft
2022-06-01 0 days 2,164 sqft
2022-07-01 0 days 2,153 sqft
2022-08-01 0 days 2,090 sqft
2022-09-01 0 days 2,118 sqft
2022-10-01 0 days 2,128 sqft
2022-11-01 0 days 2,114 sqft
2022-12-01 0 days 2,112 sqft
2023-01-01 0 days 2,112 sqft
2023-02-01 0 days 2,112 sqft
2023-03-01 0 days 2,035 sqft
2023-04-01 0 days 2,070 sqft
2023-05-01 0 days 2,196 sqft
2023-06-01 0 days 2,202 sqft
2023-07-01 0 days 2,200 sqft
2023-08-01 0 days 2,164 sqft
2023-09-01 0 days 2,148 sqft
2023-10-01 0 days 2,101 sqft
2023-11-01 0 days 2,126 sqft
2023-12-01 0 days 2,136 sqft
2024-01-01 0 days 2,115 sqft
2024-02-01 0 days 2,146 sqft
2024-03-01 0 days 2,175 sqft
2024-04-01 0 days 2,233 sqft
Helena's median listing age (time on market) for 2024-04-01 was 0 days.

Helena's median square footage for active listings during the 2024-04-01 period was 2,233 sqft. One year prior, the average listing was 2,070 sqft.