Montrose USDA Loan Rates, Closing Costs & Stats

Montrose, CO

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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.

    Montrose's 3 lenders originated 4 USDA loans during 2023. The total origination value was $1,090,000, with an average USDA loan value of $272,500.

    Montrose USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Montrose averaged 6.44% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Montrose's average USDA mortgage closing costs are $5,981.

    The average rate for the prior week (2025-02-07) was 6.4% and one month ago for the week of 2025-01-10, the average rate was 6.54%.

    The average rate one year ago was 6.54%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.63%.

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

    Montrose 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 Montrose level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CORNERSTONE HOME LENDING, INC. 2 6.50% $5,969
    ACADEMY MORTGAGE CORPORATION 1 6.25% $7,729
    Great Plains National Bank 1 6.13% $6,130

    The top Montrose USDA lender as defined by loan originations is CORNERSTONE HOME LENDING, INC., with 2 USDA loans originated. Their average total fees are $5,969, which is $1,760 lower than the next largest lender, ACADEMY MORTGAGE CORPORATION.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Montrose (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 $348,444 (16.2%) $499,835 (21.0%) 0.00 220
    2018-02-01 $365,000 (21.7%) $516,025 (26.9%) 0.00 214
    2018-03-01 $378,500 (21.7%) $518,227 (26.6%) 0.00 218
    2018-04-01 $364,250 (21.5%) $473,008 (19.6%) 0.00 245
    2018-05-01 $374,950 (15.0%) $466,434 (10.3%) 0.00 265
    2018-06-01 $384,900 (17.5%) $475,672 (10.1%) 0.00 274
    2018-07-01 $361,117 (9.8%) $470,467 (7.5%) 0.00 289
    2018-08-01 $354,550 (0.0%) $478,289 (6.2%) 0.00 302
    2018-09-01 $329,000 (-12.3%) $460,605 (-2.6%) 0.00 302
    2018-10-01 $329,000 (-12.4%) $467,828 (-2.1%) 0.00 286
    2018-11-01 $329,950 (-11.6%) $479,036 (0.5%) 0.00 282
    2018-12-01 $339,000 (-2.7%) $486,101 (0.5%) 0.00 267
    2019-01-01 $330,425 (-5.2%) $471,988 (-5.6%) 0.00 247
    2019-02-01 $324,450 (-11.1%) $458,323 (-11.2%) 0.00 237
    2019-03-01 $345,286 (-8.8%) $463,565 (-10.6%) 0.00 248
    2019-04-01 $377,000 (3.5%) $484,234 (2.4%) 0.00 254
    2019-05-01 $377,475 (0.7%) $493,266 (5.8%) 0.00 270
    2019-06-01 $384,000 (-0.2%) $488,917 (2.8%) 0.00 298
    2019-07-01 $378,538 (4.8%) $509,156 (8.2%) 0.00 306
    2019-08-01 $370,727 (4.6%) $514,153 (7.5%) 0.00 304
    2019-09-01 $368,068 (11.9%) $528,432 (14.7%) 0.00 296
    2019-10-01 $362,625 (10.2%) $529,376 (13.2%) 0.00 291
    2019-11-01 $359,000 (8.8%) $533,084 (11.3%) 0.00 263
    2019-12-01 $370,475 (9.3%) $554,837 (14.1%) 0.00 237
    2020-01-01 $375,225 (13.6%) $560,069 (18.7%) 0.00 224
    2020-02-01 $366,000 (12.8%) $547,117 (19.4%) 0.00 206
    2020-03-01 $389,965 (12.9%) $570,367 (23.0%) 0.00 204
    2020-04-01 $395,000 (4.8%) $583,538 (20.5%) 0.00 206
    2020-05-01 $389,965 (3.3%) $545,066 (10.5%) 0.00 222
    2020-06-01 $393,741 (2.5%) $533,691 (9.2%) 0.00 231
    2020-07-01 $395,000 (4.4%) $557,745 (9.5%) 0.00 223
    2020-08-01 $415,500 (12.1%) $618,927 (20.4%) 0.00 192
    2020-09-01 $444,745 (20.8%) $633,066 (19.8%) 0.00 172
    2020-10-01 $458,950 (26.6%) $610,138 (15.3%) 0.00 152
    2020-11-01 $467,250 (30.2%) $611,417 (14.7%) 0.00 131
    2020-12-01 $481,500 (30.0%) $701,906 (26.5%) 0.00 108
    2021-01-01 $484,000 (29.0%) $704,004 (25.7%) 0.00 105
    2021-02-01 $483,500 (32.1%) $703,820 (28.6%) 0.00 102
    2021-03-01 $497,450 (27.6%) $721,358 (26.5%) 0.00 100
    2021-04-01 $554,450 (40.4%) $745,464 (27.8%) 0.00 91
    2021-05-01 $569,000 (45.9%) $787,676 (44.5%) 0.00 84
    2021-06-01 $555,748 (41.2%) $805,185 (50.9%) 0.00 101
    2021-07-01 $547,450 (38.6%) $780,456 (39.9%) 0.00 123
    2021-08-01 $574,325 (38.2%) $789,087 (27.5%) 0.00 137
    2021-09-01 $540,725 (21.6%) $775,371 (22.5%) 0.00 148
    2021-10-01 $525,000 (14.4%) $759,632 (24.5%) 0.00 145
    2021-11-01 $520,305 (11.4%) $867,297 (41.9%) 0.00 125
    2021-12-01 $526,450 (9.3%) $895,781 (27.6%) 0.00 115
    2022-01-01 $549,000 (13.4%) $895,506 (27.2%) 0.00 88
    2022-02-01 $580,000 (20.0%) $924,650 (31.4%) 0.00 76
    2022-03-01 $599,175 (20.5%) $902,950 (25.2%) 0.00 84
    2022-04-01 $532,450 (-4.0%) $881,500 (18.3%) 0.00 98
    2022-05-01 $525,000 (-7.7%) $823,326 (4.5%) 0.00 106
    2022-06-01 $503,950 (-9.3%) $820,827 (1.9%) 0.00 128
    2022-07-01 $525,000 (-4.1%) $798,648 (2.3%) 0.00 175
    2022-08-01 $559,000 (-2.7%) $847,454 (7.4%) 0.00 192
    2022-09-01 $583,000 (7.8%) $865,930 (11.7%) 0.00 193
    2022-10-01 $574,999 (9.5%) $859,445 (13.1%) 0.00 186
    2022-11-01 $575,000 (10.5%) $777,618 (-10.3%) 0.00 181
    2022-12-01 $569,450 (8.2%) $745,257 (-16.8%) 0.00 150
    2023-01-01 $576,425 (5.0%) $779,330 (-13.0%) 0.00 126
    2023-02-01 $589,750 (1.7%) $790,731 (-14.5%) 0.00 116
    2023-03-01 $592,000 (-1.2%) $790,334 (-12.5%) 0.00 120
    2023-04-01 $559,450 (5.1%) $743,850 (-15.6%) 0.00 149
    2023-05-01 $556,630 (6.0%) $739,827 (-10.1%) 0.00 173
    2023-06-01 $569,950 (13.1%) $746,867 (-9.0%) 0.00 182
    2023-07-01 $555,840 (5.9%) $757,061 (-5.2%) 0.00 200
    2023-08-01 $537,700 (-3.8%) $724,319 (-14.5%) 0.00 223
    2023-09-01 $550,000 (-5.7%) $765,860 (-11.6%) 0.00 217
    2023-10-01 $549,975 (-4.4%) $737,850 (-14.2%) 0.00 206
    2023-11-01 $549,950 (-4.4%) $755,776 (-2.8%) 0.00 197
    2023-12-01 $558,000 (-2.0%) $788,142 (5.8%) 0.00 189
    2024-01-01 $575,000 (-0.3%) $845,892 (8.5%) 0.00 175
    2024-02-01 $629,225 (6.7%) $855,751 (8.2%) 0.00 170
    2024-03-01 $630,000 (6.4%) $854,515 (8.1%) 0.00 170
    2024-04-01 $603,675 (7.9%) $847,150 (13.9%) 0.00 196
    2024-05-01 $607,450 (9.1%) $810,243 (9.5%) 0.00 201
    2024-06-01 $599,900 (5.3%) $812,848 (8.8%) 0.00 229
    2024-07-01 $579,900 (4.3%) $787,957 (4.1%) 0.00 258
    2024-08-01 $575,000 (6.9%) $751,202 (3.7%) 0.00 253
    2024-09-01 $551,825 (0.3%) $739,148 (-3.5%) 0.00 252
    2024-10-01 $567,000 (3.1%) $738,070 (0.0%) 0.00 244
    2024-11-01 $569,900 (3.6%) $763,827 (1.1%) 0.00 230
    2024-12-01 $563,425 (1.0%) $794,433 (0.8%) 0.00 213
    2025-01-01 $540,950 (-5.9%) $777,153 (-8.1%) 0.00 186
    Montrose's median listing price for 2025-01-01 was $540,950, a difference of $-34,050 (-5.9%) versus the prior year and $-22,475 versus the prior month.

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

    Montrose's average listing price for 2025-01-01 was $777,153, a difference of $-68,739 (-8.1%) versus the prior year and $-17,280 versus the prior month.

    For the 2025-01-01 period, Montrose had 186 MLS listings, a difference of -27 listings (-13%) versus the prior month and 11 listings (6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Montrose (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,092 sqft
    2018-02-01 0 days 2,091 sqft
    2018-03-01 0 days 2,102 sqft
    2018-04-01 0 days 2,035 sqft
    2018-05-01 0 days 2,001 sqft
    2018-06-01 0 days 1,946 sqft
    2018-07-01 0 days 1,950 sqft
    2018-08-01 0 days 1,911 sqft
    2018-09-01 0 days 1,901 sqft
    2018-10-01 0 days 1,909 sqft
    2018-11-01 0 days 1,919 sqft
    2018-12-01 0 days 1,913 sqft
    2019-01-01 0 days 1,912 sqft
    2019-02-01 0 days 1,968 sqft
    2019-03-01 0 days 1,984 sqft
    2019-04-01 0 days 2,059 sqft
    2019-05-01 0 days 2,045 sqft
    2019-06-01 0 days 2,061 sqft
    2019-07-01 0 days 2,037 sqft
    2019-08-01 0 days 2,035 sqft
    2019-09-01 0 days 2,038 sqft
    2019-10-01 0 days 2,026 sqft
    2019-11-01 0 days 1,975 sqft
    2019-12-01 0 days 1,938 sqft
    2020-01-01 0 days 1,923 sqft
    2020-02-01 0 days 1,865 sqft
    2020-03-01 0 days 1,894 sqft
    2020-04-01 0 days 1,991 sqft
    2020-05-01 0 days 1,965 sqft
    2020-06-01 0 days 1,969 sqft
    2020-07-01 0 days 1,949 sqft
    2020-08-01 0 days 2,080 sqft
    2020-09-01 0 days 2,121 sqft
    2020-10-01 0 days 2,125 sqft
    2020-11-01 0 days 2,133 sqft
    2020-12-01 0 days 2,161 sqft
    2021-01-01 0 days 2,138 sqft
    2021-02-01 0 days 2,167 sqft
    2021-03-01 0 days 2,208 sqft
    2021-04-01 0 days 2,203 sqft
    2021-05-01 0 days 2,226 sqft
    2021-06-01 0 days 2,190 sqft
    2021-07-01 0 days 2,122 sqft
    2021-08-01 0 days 2,157 sqft
    2021-09-01 0 days 2,094 sqft
    2021-10-01 0 days 2,088 sqft
    2021-11-01 0 days 2,035 sqft
    2021-12-01 0 days 1,995 sqft
    2022-01-01 0 days 1,985 sqft
    2022-02-01 0 days 2,014 sqft
    2022-03-01 0 days 2,013 sqft
    2022-04-01 0 days 1,944 sqft
    2022-05-01 0 days 1,911 sqft
    2022-06-01 0 days 1,894 sqft
    2022-07-01 0 days 1,878 sqft
    2022-08-01 0 days 1,943 sqft
    2022-09-01 0 days 1,972 sqft
    2022-10-01 0 days 1,992 sqft
    2022-11-01 0 days 2,006 sqft
    2022-12-01 0 days 2,006 sqft
    2023-01-01 0 days 2,106 sqft
    2023-02-01 0 days 2,085 sqft
    2023-03-01 0 days 1,964 sqft
    2023-04-01 0 days 1,890 sqft
    2023-05-01 0 days 1,907 sqft
    2023-06-01 0 days 1,998 sqft
    2023-07-01 0 days 1,976 sqft
    2023-08-01 0 days 1,945 sqft
    2023-09-01 0 days 1,994 sqft
    2023-10-01 0 days 1,937 sqft
    2023-11-01 0 days 1,946 sqft
    2023-12-01 0 days 1,953 sqft
    2024-01-01 0 days 1,932 sqft
    2024-02-01 0 days 1,983 sqft
    2024-03-01 0 days 1,994 sqft
    2024-04-01 0 days 1,993 sqft
    2024-05-01 0 days 1,992 sqft
    2024-06-01 0 days 1,963 sqft
    2024-07-01 0 days 1,929 sqft
    2024-08-01 0 days 1,926 sqft
    2024-09-01 0 days 1,903 sqft
    2024-10-01 0 days 1,905 sqft
    2024-11-01 0 days 1,911 sqft
    2024-12-01 0 days 1,905 sqft
    2025-01-01 0 days 1,864 sqft
    Montrose's median listing age (time on market) for 2025-01-01 was 0 days.

    Montrose's median square footage for active listings during the 2025-01-01 period was 1,864 sqft. One year prior, the average listing was 1,932 sqft.