Ogden USDA Loans

OGDEN-CLEARFIELD, UT

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.

Ogden's 28 lenders originated 115 USDA loans during 2021. The total origination value was $34,185,000, with an average USDA loan value of $297,261.

Ogden USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Ogden averaged 5.42% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.41% and one month ago for the week of 2022-04-15, the average rate was 4.8%.

The average rate one year ago was 2.85%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.06%.

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

Ogden 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 Ogden level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
INTERCAP LENDING INC. 18 3.04% $7,440
ACADEMY MORTGAGE CORPORATION 16 3.02% $7,838
STEARNS LENDING, LLC 12 2.70% $5,471
SECURITY HOME MORTGAGE, LLC. 7 2.46% $8,073
GUILD MORTGAGE COMPANY 7 2.84% $6,920
CALIBER HOME LOANS, INC. 7 2.72% $6,371
CITYWIDE HOME LOANS, LLC 5 2.98% $7,584
CANOPY MORTGAGE, LLC 4 2.28% $6,185
HOME POINT FINANCIAL CORPORATION 4 2.50% $8,849
BROKER SOLUTIONS, INC. 4 2.74% $7,734
FIRST COLONY MORTGAGE CORPORATION 4 2.63% $4,590
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.58% $6,667
VERITAS FUNDING, LLC 2 2.63% $5,892
Bank of Utah 2 2.69% $3,254
Century Mortgage Company DBA Century Lending Company 2 2.25% $7,855
GOLDENWEST 2 2.25% $7,117
First Guaranty Mortgage Corporation 1 2.25% $7,780
EVERLEND MORTGAGE COMPANY 1 2.75% $13,225
MY MOVE MORTGAGE, LLC 1 2.88% $6,159
NEWREZ LLC 1 2.25% $6,242
PANORAMA MORTGAGE GROUP, LLC 1 2.88% $7,027
Paramount Residential Mortgage Group, Inc. 1 2.38% $7,503
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.63% $6,531
RANLIFE, INC. 1 3.00% $7,459
CRESCENT MORTGAGE COMPANY 1 2.75% $7,874
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.88% $7,587
UNITED WHOLESALE MORTGAGE, LLC 1 2.51% $8,024
Cache Valley Bank 1 2.75% $4,618

The top Ogden USDA lender as defined by loan originations is INTERCAP LENDING INC., with 18 USDA loans originated. Their average total fees are $7,440, which is $398 lower than the next largest lender, ACADEMY MORTGAGE CORPORATION.

The lowest fee Ogden USDA lenders (with over 10 loans originated) are STEARNS LENDING, LLC ($5,471), INTERCAP LENDING INC. ($7,440), ACADEMY MORTGAGE CORPORATION ($7,838), .

The lowest rate Ogden USDA lenders (with over 10 loans originated) are STEARNS LENDING, LLC (2.70%), ACADEMY MORTGAGE CORPORATION (3.02%), INTERCAP LENDING INC. (3.04%), .