Logan USDA Loan Rates, Closing Costs & Stats

LOGAN, UT-ID

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.09% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 5.92% and one month ago for the week of 2024-11-08, the average rate was 6.14%.

    The average rate one year ago was 6.51%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.31%.

    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
    2024-06-01 $509,000 (6.0%) $653,239 (11.5%) 0.00 363
    2024-07-01 $507,375 (4.6%) $654,823 (12.1%) 0.00 399
    2024-08-01 $499,900 (2.1%) $670,090 (16.1%) 0.00 427
    2024-09-01 $514,996 (3.0%) $646,402 (2.7%) 0.00 457
    2024-10-01 $512,725 (2.6%) $625,226 (-1.2%) 0.00 453
    2024-11-01 $512,450 (2.5%) $609,750 (-5.2%) 0.00 430
    Logan's median listing price for 2024-11-01 was $512,450, a difference of $12,500 (2.5%) versus the prior year and $-275 versus the prior month.

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

    Logan's average listing price for 2024-11-01 was $609,750, a difference of $-33,104 (-5.2%) versus the prior year and $-15,476 versus the prior month.

    For the 2024-11-01 period, Logan had 430 MLS listings, a difference of -23 listings (-5%) versus the prior month and 77 listings (22%) 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
    2024-06-01 0 days 2,520 sqft
    2024-07-01 0 days 2,535 sqft
    2024-08-01 0 days 2,520 sqft
    2024-09-01 0 days 2,559 sqft
    2024-10-01 0 days 2,610 sqft
    2024-11-01 0 days 2,631 sqft
    Logan's median listing age (time on market) for 2024-11-01 was 0 days.

    Logan's median square footage for active listings during the 2024-11-01 period was 2,631 sqft. One year prior, the average listing was 2,582 sqft.