Logan USDA Loans

LOGAN, UT-ID

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    • 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.