Montrose USDA Loan Rates, Closing Costs & Stats

Montrose, CO

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 0.11% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2024-11-22) was 6.41% and one month ago for the week of 2024-10-25, the average rate was 6.21%.

The average rate one year ago was 7.32%.

For refis of the same type during the week of 2024-11-29, the average rate was 0%.

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 $423,675 (10.1%) $639,076 (14.6%) 0.00 308
2018-02-01 $434,475 (14.9%) $655,773 (17.8%) 0.00 298
2018-03-01 $437,000 (12.2%) $647,936 (16.0%) 0.00 307
2018-04-01 $424,944 (10.4%) $613,092 (12.7%) 0.00 342
2018-05-01 $425,125 (9.1%) $614,730 (11.7%) 0.00 372
2018-06-01 $429,450 (8.1%) $630,138 (12.7%) 0.00 392
2018-07-01 $423,825 (6.2%) $618,420 (12.2%) 0.00 418
2018-08-01 $424,925 (6.5%) $618,892 (9.6%) 0.00 441
2018-09-01 $423,750 (1.1%) $607,932 (4.5%) 0.00 442
2018-10-01 $400,725 (-5.5%) $623,369 (6.7%) 0.00 413
2018-11-01 $414,847 (-1.2%) $627,395 (7.5%) 0.00 394
2018-12-01 $427,500 (3.0%) $614,538 (0.3%) 0.00 369
2019-01-01 $424,875 (0.3%) $608,627 (-4.8%) 0.00 342
2019-02-01 $425,375 (-2.1%) $613,504 (-6.5%) 0.00 328
2019-03-01 $424,071 (-3.0%) $608,408 (-6.1%) 0.00 340
2019-04-01 $428,821 (0.9%) $613,981 (0.1%) 0.00 350
2019-05-01 $422,250 (-0.7%) $617,532 (0.5%) 0.00 374
2019-06-01 $425,000 (-1.0%) $606,164 (-3.8%) 0.00 404
2019-07-01 $425,000 (0.3%) $623,148 (0.8%) 0.00 419
2019-08-01 $426,418 (0.4%) $620,061 (0.2%) 0.00 416
2019-09-01 $428,545 (1.1%) $620,600 (2.1%) 0.00 408
2019-10-01 $427,364 (6.7%) $617,298 (-1.0%) 0.00 402
2019-11-01 $441,750 (6.5%) $637,209 (1.6%) 0.00 364
2019-12-01 $450,000 (5.3%) $669,220 (8.9%) 0.00 325
2020-01-01 $452,250 (6.4%) $675,585 (11.0%) 0.00 300
2020-02-01 $450,000 (5.8%) $673,337 (9.8%) 0.00 275
2020-03-01 $457,450 (7.9%) $689,053 (13.3%) 0.00 276
2020-04-01 $448,450 (4.6%) $670,619 (9.2%) 0.00 279
2020-05-01 $449,000 (6.3%) $642,191 (4.0%) 0.00 301
2020-06-01 $449,250 (5.7%) $629,646 (3.9%) 0.00 326
2020-07-01 $489,000 (15.1%) $664,546 (6.6%) 0.00 317
2020-08-01 $524,950 (23.1%) $725,017 (16.9%) 0.00 284
2020-09-01 $525,000 (22.5%) $780,688 (25.8%) 0.00 246
2020-10-01 $525,000 (22.9%) $779,029 (26.2%) 0.00 212
2020-11-01 $499,791 (13.1%) $786,080 (23.4%) 0.00 183
2020-12-01 $547,000 (21.6%) $876,620 (31.0%) 0.00 158
2021-01-01 $525,000 (16.1%) $909,525 (34.6%) 0.00 136
2021-02-01 $523,450 (16.3%) $900,365 (33.7%) 0.00 131
2021-03-01 $580,000 (26.8%) $910,339 (32.1%) 0.00 129
2021-04-01 $612,420 (36.6%) $969,039 (44.5%) 0.00 115
2021-05-01 $620,000 (38.1%) $973,222 (51.6%) 0.00 115
2021-06-01 $651,750 (45.1%) $883,429 (40.3%) 0.00 147
2021-07-01 $659,000 (34.8%) $897,339 (35.0%) 0.00 174
2021-08-01 $659,750 (25.7%) $903,377 (24.6%) 0.00 188
2021-09-01 $653,725 (24.5%) $916,885 (17.5%) 0.00 204
2021-10-01 $636,250 (21.2%) $904,484 (16.1%) 0.00 189
2021-11-01 $594,722 (19.0%) $990,658 (26.0%) 0.00 162
2021-12-01 $622,450 (13.8%) $1,020,996 (16.5%) 0.00 146
2022-01-01 $608,350 (15.9%) $1,012,079 (11.3%) 0.00 108
2022-02-01 $640,450 (22.4%) $1,038,542 (15.4%) 0.00 99
2022-03-01 $661,500 (14.1%) $1,022,252 (12.3%) 0.00 109
2022-04-01 $649,000 (6.0%) $973,950 (0.5%) 0.00 123
2022-05-01 $640,500 (3.3%) $974,583 (0.1%) 0.00 138
2022-06-01 $654,000 (0.4%) $1,002,828 (13.5%) 0.00 177
2022-07-01 $679,000 (3.0%) $993,686 (10.7%) 0.00 238
2022-08-01 $659,000 (-0.1%) $1,003,964 (11.1%) 0.00 248
2022-09-01 $649,497 (-0.7%) $1,006,702 (9.8%) 0.00 241
2022-10-01 $649,000 (2.0%) $1,021,378 (12.9%) 0.00 237
2022-11-01 $641,750 (7.9%) $910,261 (-8.1%) 0.00 228
2022-12-01 $630,000 (1.2%) $921,405 (-9.8%) 0.00 187
2023-01-01 $646,500 (6.3%) $952,673 (-5.9%) 0.00 158
2023-02-01 $656,750 (2.6%) $956,953 (-7.9%) 0.00 151
2023-03-01 $639,015 (-3.4%) $941,384 (-7.9%) 0.00 151
2023-04-01 $612,400 (-5.6%) $895,168 (-8.1%) 0.00 184
2023-05-01 $608,675 (-5.0%) $868,838 (-10.9%) 0.00 217
2023-06-01 $631,060 (-3.5%) $936,656 (-6.6%) 0.00 239
2023-07-01 $633,030 (-6.8%) $954,036 (-4.0%) 0.00 263
2023-08-01 $599,000 (-9.1%) $912,370 (-9.1%) 0.00 285
2023-09-01 $631,060 (-2.8%) $936,374 (-7.0%) 0.00 273
2023-10-01 $626,688 (-3.4%) $901,426 (-11.7%) 0.00 262
2023-11-01 $630,265 (-1.8%) $904,713 (-0.6%) 0.00 247
2023-12-01 $672,000 (6.7%) $961,013 (4.3%) 0.00 236
2024-01-01 $672,500 (4.0%) $994,425 (4.4%) 0.00 217
2024-02-01 $689,900 (5.1%) $976,107 (2.0%) 0.00 212
2024-03-01 $699,000 (9.4%) $993,808 (5.6%) 0.00 220
2024-04-01 $699,000 (14.1%) $983,936 (9.9%) 0.00 243
2024-05-01 $699,500 (14.9%) $987,842 (13.7%) 0.00 246
2024-06-01 $700,000 (10.9%) $1,024,287 (9.4%) 0.00 310
2024-07-01 $686,750 (8.5%) $979,586 (2.7%) 0.00 345
2024-08-01 $649,950 (8.5%) $941,159 (3.2%) 0.00 345
2024-09-01 $629,700 (-0.2%) $925,560 (-1.2%) 0.00 343
2024-10-01 $644,300 (2.8%) $928,722 (3.0%) 0.00 335
Montrose's median listing price for 2024-10-01 was $644,300, a difference of $17,612 (2.8%) versus the prior year and $14,600 versus the prior month.

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

Montrose's average listing price for 2024-10-01 was $928,722, a difference of $27,296 (3.0%) versus the prior year and $3,162 versus the prior month.

For the 2024-10-01 period, Montrose had 335 MLS listings, a difference of -8 listings (-2%) versus the prior month and 73 listings (28%) 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 2,168 sqft
2018-02-01 0 days 2,212 sqft
2018-03-01 0 days 2,168 sqft
2018-04-01 0 days 2,146 sqft
2018-05-01 0 days 2,146 sqft
2018-06-01 0 days 2,144 sqft
2018-07-01 0 days 2,165 sqft
2018-08-01 0 days 2,167 sqft
2018-09-01 0 days 2,148 sqft
2018-10-01 0 days 2,174 sqft
2018-11-01 0 days 2,191 sqft
2018-12-01 0 days 2,245 sqft
2019-01-01 0 days 2,207 sqft
2019-02-01 0 days 2,221 sqft
2019-03-01 0 days 2,197 sqft
2019-04-01 0 days 2,224 sqft
2019-05-01 0 days 2,238 sqft
2019-06-01 0 days 2,194 sqft
2019-07-01 0 days 2,138 sqft
2019-08-01 0 days 2,122 sqft
2019-09-01 0 days 2,112 sqft
2019-10-01 0 days 2,096 sqft
2019-11-01 0 days 2,080 sqft
2019-12-01 0 days 2,094 sqft
2020-01-01 0 days 2,095 sqft
2020-02-01 0 days 2,042 sqft
2020-03-01 0 days 2,107 sqft
2020-04-01 0 days 2,129 sqft
2020-05-01 0 days 2,107 sqft
2020-06-01 0 days 2,170 sqft
2020-07-01 0 days 2,169 sqft
2020-08-01 0 days 2,336 sqft
2020-09-01 0 days 2,309 sqft
2020-10-01 0 days 2,316 sqft
2020-11-01 0 days 2,333 sqft
2020-12-01 0 days 2,403 sqft
2021-01-01 0 days 2,400 sqft
2021-02-01 0 days 2,392 sqft
2021-03-01 0 days 2,333 sqft
2021-04-01 0 days 2,279 sqft
2021-05-01 0 days 2,324 sqft
2021-06-01 0 days 2,171 sqft
2021-07-01 0 days 2,204 sqft
2021-08-01 0 days 2,192 sqft
2021-09-01 0 days 2,176 sqft
2021-10-01 0 days 2,112 sqft
2021-11-01 0 days 2,094 sqft
2021-12-01 0 days 2,038 sqft
2022-01-01 0 days 2,003 sqft
2022-02-01 0 days 2,061 sqft
2022-03-01 0 days 2,081 sqft
2022-04-01 0 days 1,968 sqft
2022-05-01 0 days 2,000 sqft
2022-06-01 0 days 1,974 sqft
2022-07-01 0 days 1,981 sqft
2022-08-01 0 days 2,040 sqft
2022-09-01 0 days 2,052 sqft
2022-10-01 0 days 2,106 sqft
2022-11-01 0 days 2,145 sqft
2022-12-01 0 days 2,144 sqft
2023-01-01 0 days 2,156 sqft
2023-02-01 0 days 2,112 sqft
2023-03-01 0 days 1,986 sqft
2023-04-01 0 days 1,944 sqft
2023-05-01 0 days 1,985 sqft
2023-06-01 0 days 2,035 sqft
2023-07-01 0 days 2,032 sqft
2023-08-01 0 days 1,992 sqft
2023-09-01 0 days 2,017 sqft
2023-10-01 0 days 2,014 sqft
2023-11-01 0 days 1,997 sqft
2023-12-01 0 days 1,998 sqft
2024-01-01 0 days 1,982 sqft
2024-02-01 0 days 1,988 sqft
2024-03-01 0 days 2,001 sqft
2024-04-01 0 days 2,008 sqft
2024-05-01 0 days 2,053 sqft
2024-06-01 0 days 2,001 sqft
2024-07-01 0 days 1,996 sqft
2024-08-01 0 days 1,990 sqft
2024-09-01 0 days 1,959 sqft
2024-10-01 0 days 1,981 sqft
Montrose's median listing age (time on market) for 2024-10-01 was 0 days.

Montrose's median square footage for active listings during the 2024-10-01 period was 1,981 sqft. One year prior, the average listing was 2,014 sqft.