Logan USDA Loan Rates, Closing Costs & Stats

LOGAN, UT-ID

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.

Logan's 8 lenders originated 23 USDA loans during 2023. The total origination value was $7,895,000, with an average USDA loan value of $343,261.

Logan USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Logan averaged 6.38% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Logan's average USDA mortgage closing costs are $6,478.

The average rate for the prior week (2024-05-31) was 6.66% and one month ago for the week of 2024-05-03, the average rate was 6.76%.

The average rate one year ago was 6.66%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.71%.

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

Logan 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 Logan level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 5 5.39% $13,582
GUILD MORTGAGE COMPANY 5 5.80% $12,155
Sierra Pacific Mortgage Company, Inc. 3 6.08% $13,795
Century Mortgage Company DBA Century Lending Company 3 5.13% $17,712
INTERCAP LENDING INC. 2 4.88% $17,227
NEWREZ LLC 1 6.75% $6,188
Cache Valley Bank 1 5.88% $1,025
FIRST COLONY MORTGAGE CORPORATION 1 6.50% $6,556

The top Logan USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 5 USDA loans originated. Their average total fees are $13,582, which is $1,427 higher than the next largest lender, GUILD MORTGAGE COMPANY.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Logan (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 $299,325 (15.4%) $391,550 (26.1%) 0.00 219
2018-02-01 $309,450 (15.0%) $433,201 (37.5%) 0.00 212
2018-03-01 $320,000 (12.8%) $438,209 (30.6%) 0.00 220
2018-04-01 $326,675 (15.4%) $438,440 (28.0%) 0.00 257
2018-05-01 $324,900 (12.2%) $428,219 (21.7%) 0.00 285
2018-06-01 $314,000 (10.3%) $418,252 (20.5%) 0.00 345
2018-07-01 $318,875 (10.0%) $406,795 (14.5%) 0.00 361
2018-08-01 $299,950 (0.2%) $371,914 (0.3%) 0.00 363
2018-09-01 $299,250 (1.8%) $384,436 (7.0%) 0.00 360
2018-10-01 $299,475 (0.5%) $390,555 (6.6%) 0.00 357
2018-11-01 $299,900 (1.1%) $395,472 (4.3%) 0.00 343
2018-12-01 $308,499 (3.7%) $419,904 (9.5%) 0.00 291
2019-01-01 $295,975 (-1.1%) $402,629 (2.8%) 0.00 255
2019-02-01 $299,900 (-3.1%) $409,758 (-5.4%) 0.00 254
2019-03-01 $314,214 (-1.8%) $418,292 (-4.5%) 0.00 250
2019-04-01 $333,644 (2.1%) $425,139 (-3.0%) 0.00 264
2019-05-01 $346,950 (6.8%) $437,271 (2.1%) 0.00 267
2019-06-01 $341,450 (8.7%) $441,770 (5.6%) 0.00 289
2019-07-01 $332,400 (4.2%) $427,303 (5.0%) 0.00 300
2019-08-01 $325,836 (8.6%) $418,635 (12.6%) 0.00 302
2019-09-01 $319,741 (6.9%) $406,641 (5.8%) 0.00 314
2019-10-01 $318,127 (6.2%) $400,008 (2.4%) 0.00 329
2019-11-01 $319,450 (6.5%) $390,399 (-1.3%) 0.00 314
2019-12-01 $315,825 (2.4%) $381,399 (-9.2%) 0.00 275
2020-01-01 $309,900 (4.7%) $382,605 (-5.0%) 0.00 238
2020-02-01 $300,950 (0.4%) $396,064 (-3.3%) 0.00 232
2020-03-01 $315,000 (0.3%) $413,729 (-1.1%) 0.00 217
2020-04-01 $325,725 (-2.4%) $433,792 (2.0%) 0.00 242
2020-05-01 $319,900 (-7.8%) $438,334 (0.2%) 0.00 242
2020-06-01 $336,388 (-1.5%) $455,931 (3.2%) 0.00 224
2020-07-01 $339,900 (2.3%) $488,006 (14.2%) 0.00 180
2020-08-01 $350,000 (7.4%) $538,768 (28.7%) 0.00 122
2020-09-01 $351,800 (10.0%) $587,600 (44.5%) 0.00 117
2020-10-01 $367,450 (15.5%) $654,902 (63.7%) 0.00 108
2020-11-01 $389,900 (22.1%) $714,533 (83.0%) 0.00 87
2020-12-01 $369,950 (17.1%) $723,006 (89.6%) 0.00 81
2021-01-01 $415,000 (33.9%) $804,935 (110.4%) 0.00 63
2021-02-01 $512,500 (70.3%) $971,300 (145.2%) 0.00 54
2021-03-01 $461,225 (46.4%) $915,053 (121.2%) 0.00 56
2021-04-01 $479,125 (47.1%) $893,708 (106.0%) 0.00 62
2021-05-01 $477,500 (49.3%) $925,741 (111.2%) 0.00 66
2021-06-01 $512,500 (52.4%) $914,784 (100.6%) 0.00 75
2021-07-01 $519,900 (53.0%) $882,906 (80.9%) 0.00 91
2021-08-01 $453,450 (29.6%) $790,052 (46.6%) 0.00 114
2021-09-01 $471,200 (33.9%) $781,907 (33.1%) 0.00 121
2021-10-01 $499,800 (36.0%) $844,660 (29.0%) 0.00 117
2021-11-01 $520,750 (33.6%) $883,335 (23.6%) 0.00 96
2021-12-01 $512,500 (38.5%) $774,478 (7.1%) 0.00 79
2022-01-01 $495,000 (19.3%) $812,113 (0.9%) 0.00 79
2022-02-01 $529,475 (3.3%) $853,410 (-12.1%) 0.00 83
2022-03-01 $535,725 (16.2%) $910,883 (-0.5%) 0.00 71
2022-04-01 $504,450 (5.3%) $760,747 (-14.9%) 0.00 96
2022-05-01 $520,000 (8.9%) $699,528 (-24.4%) 0.00 170
2022-06-01 $532,950 (4.0%) $654,534 (-28.5%) 0.00 243
2022-07-01 $524,900 (1.0%) $618,486 (-30.0%) 0.00 313
2022-08-01 $509,500 (12.4%) $613,338 (-22.4%) 0.00 353
2022-09-01 $513,975 (9.1%) $638,292 (-18.4%) 0.00 331
2022-10-01 $499,999 (0.0%) $650,141 (-23.0%) 0.00 326
2022-11-01 $499,700 (-4.0%) $644,837 (-27.0%) 0.00 328
2022-12-01 $499,999 (-2.4%) $630,011 (-18.7%) 0.00 291
2023-01-01 $510,700 (3.2%) $617,319 (-24.0%) 0.00 258
2023-02-01 $499,900 (-5.6%) $624,248 (-26.9%) 0.00 255
2023-03-01 $499,200 (-6.8%) $615,709 (-32.4%) 0.00 266
2023-04-01 $495,000 (-1.9%) $615,789 (-19.1%) 0.00 277
2023-05-01 $492,000 (-5.4%) $611,607 (-12.6%) 0.00 281
2023-06-01 $480,000 (-9.9%) $585,764 (-10.5%) 0.00 346
2023-07-01 $485,000 (-7.6%) $584,002 (-5.6%) 0.00 362
2023-08-01 $489,500 (-3.9%) $577,089 (-5.9%) 0.00 384
2023-09-01 $499,900 (-2.7%) $629,530 (-1.4%) 0.00 377
2023-10-01 $499,675 (-0.1%) $633,000 (-2.6%) 0.00 376
2023-11-01 $499,950 (0.1%) $642,854 (-0.3%) 0.00 353
2023-12-01 $495,000 (-1.0%) $635,175 (0.8%) 0.00 311
2024-01-01 $492,450 (-3.6%) $648,562 (5.1%) 0.00 260
2024-02-01 $499,900 (0.0%) $671,018 (7.5%) 0.00 242
2024-03-01 $499,000 (0.0%) $653,458 (6.1%) 0.00 257
2024-04-01 $499,973 (1.0%) $625,350 (1.6%) 0.00 304
2024-05-01 $526,175 (7.0%) $661,520 (8.2%) 0.00 319
Logan's median listing price for 2024-05-01 was $526,175, a difference of $34,175 (7.0%) versus the prior year and $26,202 versus the prior month.

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

Logan's average listing price for 2024-05-01 was $661,520, a difference of $49,913 (8.2%) versus the prior year and $36,170 versus the prior month.

For the 2024-05-01 period, Logan had 319 MLS listings, a difference of 15 listings (5%) versus the prior month and 38 listings (14%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Logan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,999 sqft
2018-02-01 0 days 3,059 sqft
2018-03-01 0 days 3,117 sqft
2018-04-01 0 days 3,092 sqft
2018-05-01 0 days 2,942 sqft
2018-06-01 0 days 2,890 sqft
2018-07-01 0 days 2,900 sqft
2018-08-01 0 days 2,706 sqft
2018-09-01 0 days 2,688 sqft
2018-10-01 0 days 2,676 sqft
2018-11-01 0 days 2,674 sqft
2018-12-01 0 days 2,822 sqft
2019-01-01 0 days 2,703 sqft
2019-02-01 0 days 2,644 sqft
2019-03-01 0 days 2,723 sqft
2019-04-01 0 days 2,932 sqft
2019-05-01 0 days 3,004 sqft
2019-06-01 0 days 3,090 sqft
2019-07-01 0 days 2,880 sqft
2019-08-01 0 days 2,792 sqft
2019-09-01 0 days 2,737 sqft
2019-10-01 0 days 2,695 sqft
2019-11-01 0 days 2,647 sqft
2019-12-01 0 days 2,591 sqft
2020-01-01 0 days 2,560 sqft
2020-02-01 0 days 2,432 sqft
2020-03-01 0 days 2,509 sqft
2020-04-01 0 days 2,436 sqft
2020-05-01 0 days 2,460 sqft
2020-06-01 0 days 2,585 sqft
2020-07-01 0 days 2,675 sqft
2020-08-01 0 days 2,816 sqft
2020-09-01 0 days 2,677 sqft
2020-10-01 0 days 2,737 sqft
2020-11-01 0 days 2,734 sqft
2020-12-01 0 days 2,578 sqft
2021-01-01 0 days 2,588 sqft
2021-02-01 0 days 2,811 sqft
2021-03-01 0 days 2,770 sqft
2021-04-01 0 days 2,777 sqft
2021-05-01 0 days 2,800 sqft
2021-06-01 0 days 2,818 sqft
2021-07-01 0 days 2,693 sqft
2021-08-01 0 days 2,581 sqft
2021-09-01 0 days 2,596 sqft
2021-10-01 0 days 2,734 sqft
2021-11-01 0 days 2,866 sqft
2021-12-01 0 days 2,585 sqft
2022-01-01 0 days 2,393 sqft
2022-02-01 0 days 2,613 sqft
2022-03-01 0 days 2,563 sqft
2022-04-01 0 days 2,510 sqft
2022-05-01 0 days 2,475 sqft
2022-06-01 0 days 2,480 sqft
2022-07-01 0 days 2,487 sqft
2022-08-01 0 days 2,487 sqft
2022-09-01 0 days 2,490 sqft
2022-10-01 0 days 2,500 sqft
2022-11-01 0 days 2,502 sqft
2022-12-01 0 days 2,518 sqft
2023-01-01 0 days 2,545 sqft
2023-02-01 0 days 2,593 sqft
2023-03-01 0 days 2,584 sqft
2023-04-01 0 days 2,487 sqft
2023-05-01 0 days 2,481 sqft
2023-06-01 0 days 2,417 sqft
2023-07-01 0 days 2,366 sqft
2023-08-01 0 days 2,328 sqft
2023-09-01 0 days 2,506 sqft
2023-10-01 0 days 2,549 sqft
2023-11-01 0 days 2,582 sqft
2023-12-01 0 days 2,515 sqft
2024-01-01 0 days 2,541 sqft
2024-02-01 0 days 2,580 sqft
2024-03-01 0 days 2,549 sqft
2024-04-01 0 days 2,550 sqft
2024-05-01 0 days 2,633 sqft
Logan's median listing age (time on market) for 2024-05-01 was 0 days.

Logan's median square footage for active listings during the 2024-05-01 period was 2,633 sqft. One year prior, the average listing was 2,481 sqft.