Logan USDA Loans

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 30 lenders originated 156 USDA loans during 2021. The total origination value was $47,330,000, with an average USDA loan value of $303,397.

Logan USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Logan averaged 4.97% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.4% and one month ago for the week of 2022-04-08, the average rate was 4.76%.

The average rate one year ago was 2.88%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.05%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Logan level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
GUILD MORTGAGE COMPANY 37 2.65% $8,762
FIRST COLONY MORTGAGE CORPORATION 17 2.49% $5,770
CALIBER HOME LOANS, INC. 15 2.52% $5,956
Cache Valley Bank 12 2.49% $3,679
INTERCAP LENDING INC. 9 2.75% $7,360
Bank of Utah 8 2.73% $5,276
STEARNS LENDING, LLC 8 2.58% $7,306
Glacier Bank 7 2.77% $7,132
HOME POINT FINANCIAL CORPORATION 4 2.38% $7,206
ACADEMY MORTGAGE CORPORATION 3 3.42% $6,884
AMERICA FIRST 3 2.50% $5,905
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.42% $6,140
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.79% $8,028
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 2.79% $6,838
Flagstar Bank, FSB 2 2.26% $5,274
CANOPY MORTGAGE, LLC 2 2.50% $6,163
MOUNTAIN AMERICA 2 2.44% $6,108
RANLIFE, INC. 2 2.63% $5,858
SECURITY HOME MORTGAGE, LLC. 2 2.69% $8,630
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.06% $6,855
AMCAP MORTGAGE, LTD. 1 3.13% $6,987
VAN DYK MORTGAGE CORPORATION 1 3.00% $6,567
NBH Bank 1 2.88% $7,478
Northpointe Bank 1 2.63% $9,575
Wells Fargo Bank 1 2.25% $2,020
DIRECT MORTGAGE, CORP. 1 2.25% $5,486
GOLDENWEST 1 2.25% $7,194
GUARANTEED RATE, INC. 1 2.25% $16,647
ADVANTAGE PLUS 1 2.63% $7,351
AXIA FINANCIAL, LLC 1 2.88% $8,753

The top Logan USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 37 USDA loans originated. Their average total fees are $8,762, which is $2,993 higher than the next largest lender, FIRST COLONY MORTGAGE CORPORATION.

The lowest fee Logan USDA lenders (with over 10 loans originated) are Cache Valley Bank ($3,679), FIRST COLONY MORTGAGE CORPORATION ($5,770), CALIBER HOME LOANS, INC. ($5,956), GUILD MORTGAGE COMPANY ($8,762) and .

The lowest rate Logan USDA lenders (with over 10 loans originated) are Cache Valley Bank (2.49%), FIRST COLONY MORTGAGE CORPORATION (2.49%), CALIBER HOME LOANS, INC. (2.52%), GUILD MORTGAGE COMPANY (2.65%) and .


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 $298,750 (15.8%) $390,998 (26.4%) 0.00 220
2018-02-01 $319,000 (18.6%) $434,912 (38.2%) 0.00 209
2018-03-01 $320,000 (12.3%) $444,206 (31.8%) 0.00 215
2018-04-01 $326,950 (15.5%) $439,261 (27.8%) 0.00 255
2018-05-01 $324,900 (12.1%) $433,824 (23.5%) 0.00 282
2018-06-01 $318,240 (10.3%) $420,049 (20.6%) 0.00 343
2018-07-01 $319,200 (8.6%) $411,929 (15.6%) 0.00 360
2018-08-01 $299,900 (0.2%) $375,483 (1.9%) 0.00 359
2018-09-01 $299,000 (0.4%) $378,771 (5.3%) 0.00 357
2018-10-01 $299,000 (0.5%) $385,242 (5.1%) 0.00 355
2018-11-01 $299,700 (1.2%) $388,421 (2.7%) 0.00 341
2018-12-01 $308,499 (3.6%) $408,309 (6.2%) 0.00 288
2019-01-01 $294,950 (-1.3%) $390,212 (-0.2%) 0.00 255
2019-02-01 $299,700 (-6.1%) $398,035 (-8.5%) 0.00 249
2019-03-01 $313,657 (-2.0%) $414,788 (-6.6%) 0.00 245
2019-04-01 $335,500 (2.6%) $429,340 (-2.3%) 0.00 263
2019-05-01 $346,950 (6.8%) $440,061 (1.4%) 0.00 264
2019-06-01 $345,592 (8.6%) $450,251 (7.2%) 0.00 290
2019-07-01 $333,635 (4.5%) $444,869 (8.0%) 0.00 304
2019-08-01 $322,068 (7.4%) $416,896 (11.0%) 0.00 371
2019-09-01 $318,821 (6.6%) $398,075 (5.1%) 0.00 391
2019-10-01 $319,900 (7.0%) $406,896 (5.6%) 0.00 333
2019-11-01 $319,000 (6.4%) $394,239 (1.5%) 0.00 316
2019-12-01 $314,250 (1.9%) $384,761 (-5.8%) 0.00 279
2020-01-01 $310,450 (5.3%) $388,813 (-0.4%) 0.00 237
2020-02-01 $301,900 (0.7%) $407,143 (2.3%) 0.00 233
2020-03-01 $314,950 (0.4%) $424,026 (2.2%) 0.00 215
2020-04-01 $323,000 (-3.7%) $440,238 (2.5%) 0.00 244
2020-05-01 $320,000 (-7.8%) $442,694 (0.6%) 0.00 244
2020-06-01 $335,776 (-2.8%) $461,581 (2.5%) 0.00 225
2020-07-01 $339,700 (1.8%) $487,261 (9.5%) 0.00 180
2020-08-01 $349,900 (8.6%) $531,290 (27.4%) 0.00 125
2020-09-01 $344,250 (8.0%) $567,818 (42.6%) 0.00 118
2020-10-01 $365,000 (14.1%) $623,941 (53.3%) 0.00 105
2020-11-01 $386,900 (21.3%) $680,960 (72.7%) 0.00 87
2020-12-01 $354,900 (12.9%) $702,275 (82.5%) 0.00 79
2021-01-01 $374,900 (20.8%) $769,230 (97.8%) 0.00 64
2021-02-01 $499,450 (65.4%) $931,700 (128.8%) 0.00 53
2021-03-01 $462,500 (46.9%) $887,472 (109.3%) 0.00 56
2021-04-01 $465,000 (44.0%) $875,475 (98.9%) 0.00 64
2021-05-01 $494,900 (54.7%) $903,282 (104.0%) 0.00 70
2021-06-01 $517,500 (54.1%) $900,379 (95.1%) 0.00 77
2021-07-01 $522,500 (53.8%) $872,817 (79.1%) 0.00 89
2021-08-01 $449,950 (28.6%) $779,151 (46.7%) 0.00 115
2021-09-01 $467,450 (35.8%) $766,531 (35.0%) 0.00 126
2021-10-01 $495,000 (35.6%) $823,769 (32.0%) 0.00 124
2021-11-01 $493,950 (27.7%) $853,316 (25.3%) 0.00 101
2021-12-01 $499,950 (40.9%) $758,426 (8.0%) 0.00 81
2022-01-01 $495,000 (32.0%) $821,776 (6.8%) 0.00 78
2022-02-01 $527,500 (5.6%) $857,975 (-7.9%) 0.00 82
2022-03-01 $535,000 (15.7%) $889,137 (0.2%) 0.00 72
2022-04-01 $499,000 (7.3%) $756,524 (-13.6%) 0.00 98
Logan's median listing price for 2022-04-01 was $499,000, a difference of $34,000 (7.3%) versus the prior year and $-36,000 versus the prior month.

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

Logan's average listing price for 2022-04-01 was $756,524, a difference of $-118,951 (-13.6%) versus the prior year and $-132,613 versus the prior month.

For the 2022-04-01 period, Logan had 98 MLS listings, a difference of 26 listings (36%) versus the prior month and 34 listings (53%) 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 3,000 sqft
2018-02-01 0 days 3,066 sqft
2018-03-01 0 days 3,117 sqft
2018-04-01 0 days 3,071 sqft
2018-05-01 0 days 3,024 sqft
2018-06-01 0 days 2,880 sqft
2018-07-01 0 days 2,888 sqft
2018-08-01 0 days 2,703 sqft
2018-09-01 0 days 2,688 sqft
2018-10-01 0 days 2,664 sqft
2018-11-01 0 days 2,665 sqft
2018-12-01 0 days 2,803 sqft
2019-01-01 0 days 2,705 sqft
2019-02-01 0 days 2,619 sqft
2019-03-01 0 days 2,731 sqft
2019-04-01 0 days 2,930 sqft
2019-05-01 0 days 2,991 sqft
2019-06-01 0 days 3,090 sqft
2019-07-01 0 days 2,896 sqft
2019-08-01 0 days 2,760 sqft
2019-09-01 0 days 2,726 sqft
2019-10-01 0 days 2,717 sqft
2019-11-01 0 days 2,648 sqft
2019-12-01 0 days 2,588 sqft
2020-01-01 0 days 2,601 sqft
2020-02-01 0 days 2,415 sqft
2020-03-01 0 days 2,563 sqft
2020-04-01 0 days 2,490 sqft
2020-05-01 0 days 2,486 sqft
2020-06-01 0 days 2,646 sqft
2020-07-01 0 days 2,717 sqft
2020-08-01 0 days 2,834 sqft
2020-09-01 0 days 2,729 sqft
2020-10-01 0 days 2,741 sqft
2020-11-01 0 days 2,793 sqft
2020-12-01 0 days 2,737 sqft
2021-01-01 0 days 2,598 sqft
2021-02-01 0 days 2,862 sqft
2021-03-01 0 days 3,078 sqft
2021-04-01 0 days 2,855 sqft
2021-05-01 0 days 2,855 sqft
2021-06-01 0 days 2,829 sqft
2021-07-01 0 days 2,842 sqft
2021-08-01 0 days 2,619 sqft
2021-09-01 0 days 2,673 sqft
2021-10-01 0 days 2,732 sqft
2021-11-01 0 days 2,762 sqft
2021-12-01 0 days 2,598 sqft
2022-01-01 0 days 2,487 sqft
2022-02-01 0 days 2,618 sqft
2022-03-01 0 days 2,611 sqft
2022-04-01 0 days 2,524 sqft
Logan's median listing age (time on market) for 2022-04-01 was 0 days.

Logan's median square footage for active listings during the 2022-04-01 period was 2,524 sqft. One year prior, the average listing was 2,855 sqft.