Payson USDA Loan Rates, Closing Costs & Stats

Payson, AZ

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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.

    Payson's 8 lenders originated 14 USDA loans during 2023. The total origination value was $2,980,000, with an average USDA loan value of $212,857.

    Payson USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Payson averaged 0.28% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Payson's average USDA mortgage closing costs are $6,341.

    The average rate for the prior week (2024-11-08) was 6.83% and one month ago for the week of 2024-10-11, the average rate was 6.4%.

    The average rate one year ago was 7.42%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

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

    Payson 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 Payson level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    SUN AMERICAN MORTGAGE COMPANY 4 6.65% $6,377
    GENEVA FINANCIAL, LLC 3 6.75% $8,982
    UNITED WHOLESALE MORTGAGE, LLC 2 6.22% $9,038
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $11,082
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $7,699
    Waterstone Mortgage Corporation 1 6.63% $6,668
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $10,157
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.63% $9,889

    The top Payson USDA lender as defined by loan originations is SUN AMERICAN MORTGAGE COMPANY, with 4 USDA loans originated. Their average total fees are $6,377, which is $2,605 lower than the next largest lender, GENEVA FINANCIAL, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Payson (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 $301,175 (11.7%) $432,695 (12.2%) 0.00 355
    2018-02-01 $299,900 (9.1%) $428,093 (11.6%) 0.00 346
    2018-03-01 $299,900 (8.6%) $425,672 (10.4%) 0.00 367
    2018-04-01 $310,750 (4.3%) $422,226 (5.6%) 0.00 380
    2018-05-01 $316,750 (5.8%) $421,001 (3.5%) 0.00 417
    2018-06-01 $319,250 (4.7%) $423,219 (0.7%) 0.00 436
    2018-07-01 $325,900 (3.5%) $427,062 (1.0%) 0.00 435
    2018-08-01 $339,450 (5.3%) $441,756 (2.1%) 0.00 403
    2018-09-01 $349,500 (11.0%) $461,279 (6.8%) 0.00 394
    2018-10-01 $342,000 (14.3%) $463,468 (11.2%) 0.00 374
    2018-11-01 $339,500 (13.7%) $466,231 (12.9%) 0.00 359
    2018-12-01 $335,900 (12.3%) $466,004 (9.3%) 0.00 335
    2019-01-01 $346,000 (14.9%) $457,522 (5.7%) 0.00 283
    2019-02-01 $349,675 (16.6%) $454,444 (6.2%) 0.00 306
    2019-03-01 $343,900 (14.7%) $449,298 (5.6%) 0.00 330
    2019-04-01 $335,675 (8.0%) $440,698 (4.4%) 0.00 364
    2019-05-01 $337,225 (6.5%) $440,824 (4.7%) 0.00 384
    2019-06-01 $339,000 (6.2%) $439,801 (3.9%) 0.00 403
    2019-07-01 $333,750 (2.4%) $431,102 (1.0%) 0.00 429
    2019-08-01 $336,333 (-0.9%) $433,250 (-1.9%) 0.00 412
    2019-09-01 $336,982 (-3.6%) $432,471 (-6.3%) 0.00 392
    2019-10-01 $338,244 (-1.1%) $432,656 (-6.7%) 0.00 374
    2019-11-01 $345,000 (1.6%) $445,416 (-4.5%) 0.00 333
    2019-12-01 $342,250 (1.9%) $452,698 (-2.9%) 0.00 308
    2020-01-01 $338,800 (-2.1%) $459,233 (0.4%) 0.00 259
    2020-02-01 $332,200 (-5.0%) $471,419 (3.7%) 0.00 256
    2020-03-01 $358,000 (4.1%) $476,585 (6.1%) 0.00 276
    2020-04-01 $332,700 (-0.9%) $451,788 (2.5%) 0.00 304
    2020-05-01 $340,000 (0.8%) $458,995 (4.1%) 0.00 300
    2020-06-01 $344,825 (1.7%) $467,573 (6.3%) 0.00 254
    2020-07-01 $364,900 (9.3%) $493,258 (14.4%) 0.00 207
    2020-08-01 $364,900 (8.5%) $517,614 (19.5%) 0.00 151
    2020-09-01 $362,450 (7.6%) $546,616 (26.4%) 0.00 142
    2020-10-01 $399,500 (18.1%) $585,833 (35.4%) 0.00 129
    2020-11-01 $396,000 (14.8%) $618,216 (38.8%) 0.00 112
    2020-12-01 $389,500 (13.8%) $609,469 (34.6%) 0.00 102
    2021-01-01 $399,900 (18.0%) $623,115 (35.7%) 0.00 102
    2021-02-01 $432,500 (30.2%) $748,470 (58.8%) 0.00 89
    2021-03-01 $471,833 (31.8%) $761,421 (59.8%) 0.00 92
    2021-04-01 $438,750 (31.9%) $697,260 (54.3%) 0.00 108
    2021-05-01 $450,278 (32.4%) $665,506 (45.0%) 0.00 110
    2021-06-01 $474,125 (37.5%) $657,117 (40.5%) 0.00 118
    2021-07-01 $458,000 (25.5%) $634,646 (28.7%) 0.00 130
    2021-08-01 $472,500 (29.5%) $621,831 (20.1%) 0.00 140
    2021-09-01 $467,350 (28.9%) $630,583 (15.4%) 0.00 144
    2021-10-01 $460,000 (15.1%) $647,435 (10.5%) 0.00 135
    2021-11-01 $444,450 (12.2%) $648,439 (4.9%) 0.00 115
    2021-12-01 $444,450 (14.1%) $647,938 (6.3%) 0.00 105
    2022-01-01 $450,000 (12.5%) $642,038 (3.0%) 0.00 98
    2022-02-01 $439,000 (1.5%) $592,471 (-20.8%) 0.00 102
    2022-03-01 $443,738 (-6.0%) $629,036 (-17.4%) 0.00 104
    2022-04-01 $482,200 (9.9%) $644,438 (-7.6%) 0.00 135
    2022-05-01 $499,475 (10.9%) $640,465 (-3.8%) 0.00 189
    2022-06-01 $532,000 (12.2%) $651,282 (-0.9%) 0.00 241
    2022-07-01 $525,000 (14.6%) $645,073 (1.6%) 0.00 273
    2022-08-01 $512,375 (8.4%) $620,123 (-0.3%) 0.00 287
    2022-09-01 $497,000 (6.3%) $601,382 (-4.6%) 0.00 298
    2022-10-01 $489,250 (6.4%) $595,189 (-8.1%) 0.00 290
    2022-11-01 $476,000 (7.1%) $591,591 (-8.8%) 0.00 279
    2022-12-01 $474,900 (6.9%) $582,460 (-10.1%) 0.00 239
    2023-01-01 $462,200 (2.7%) $569,696 (-11.3%) 0.00 210
    2023-02-01 $472,225 (7.6%) $622,519 (5.1%) 0.00 192
    2023-03-01 $482,000 (8.6%) $632,898 (0.6%) 0.00 189
    2023-04-01 $513,500 (6.5%) $633,645 (-1.7%) 0.00 200
    2023-05-01 $515,000 (3.1%) $619,335 (-3.3%) 0.00 237
    2023-06-01 $525,000 (-1.3%) $650,902 (-0.1%) 0.00 271
    2023-07-01 $525,000 (0.0%) $676,277 (4.8%) 0.00 281
    2023-08-01 $495,000 (-3.4%) $671,175 (8.2%) 0.00 294
    2023-09-01 $499,000 (0.4%) $692,276 (15.1%) 0.00 286
    2023-10-01 $479,750 (-1.9%) $659,134 (10.7%) 0.00 297
    2023-11-01 $477,875 (0.4%) $653,108 (10.4%) 0.00 295
    2023-12-01 $474,950 (0.0%) $649,069 (11.4%) 0.00 268
    2024-01-01 $494,125 (6.9%) $640,198 (12.4%) 0.00 226
    2024-02-01 $560,750 (18.8%) $683,812 (9.9%) 0.00 226
    2024-03-01 $527,500 (9.4%) $680,717 (7.6%) 0.00 282
    2024-04-01 $529,075 (3.0%) $684,559 (8.0%) 0.00 311
    2024-05-01 $545,000 (5.8%) $679,077 (9.7%) 0.00 355
    2024-06-01 $539,900 (2.8%) $671,020 (3.1%) 0.00 376
    2024-07-01 $511,250 (-2.6%) $642,087 (-5.1%) 0.00 383
    2024-08-01 $499,900 (1.0%) $626,933 (-6.6%) 0.00 377
    2024-09-01 $499,000 (0.0%) $609,749 (-11.9%) 0.00 368
    2024-10-01 $499,475 (4.1%) $631,776 (-4.2%) 0.00 352
    Payson's median listing price for 2024-10-01 was $499,475, a difference of $19,725 (4.1%) versus the prior year and $475 versus the prior month.

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

    Payson's average listing price for 2024-10-01 was $631,776, a difference of $-27,358 (-4.2%) versus the prior year and $22,027 versus the prior month.

    For the 2024-10-01 period, Payson had 352 MLS listings, a difference of -16 listings (-4%) versus the prior month and 55 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Payson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,960 sqft
    2018-02-01 0 days 1,926 sqft
    2018-03-01 0 days 1,951 sqft
    2018-04-01 0 days 1,903 sqft
    2018-05-01 0 days 1,863 sqft
    2018-06-01 0 days 1,877 sqft
    2018-07-01 0 days 1,887 sqft
    2018-08-01 0 days 1,911 sqft
    2018-09-01 0 days 1,935 sqft
    2018-10-01 0 days 1,918 sqft
    2018-11-01 0 days 1,898 sqft
    2018-12-01 0 days 1,840 sqft
    2019-01-01 0 days 1,888 sqft
    2019-02-01 0 days 1,894 sqft
    2019-03-01 0 days 1,864 sqft
    2019-04-01 0 days 1,826 sqft
    2019-05-01 0 days 1,835 sqft
    2019-06-01 0 days 1,846 sqft
    2019-07-01 0 days 1,823 sqft
    2019-08-01 0 days 1,870 sqft
    2019-09-01 0 days 1,892 sqft
    2019-10-01 0 days 1,906 sqft
    2019-11-01 0 days 1,906 sqft
    2019-12-01 0 days 1,926 sqft
    2020-01-01 0 days 1,939 sqft
    2020-02-01 0 days 1,855 sqft
    2020-03-01 0 days 1,934 sqft
    2020-04-01 0 days 1,830 sqft
    2020-05-01 0 days 1,891 sqft
    2020-06-01 0 days 1,935 sqft
    2020-07-01 0 days 2,025 sqft
    2020-08-01 0 days 2,020 sqft
    2020-09-01 0 days 2,062 sqft
    2020-10-01 0 days 2,074 sqft
    2020-11-01 0 days 2,101 sqft
    2020-12-01 0 days 2,053 sqft
    2021-01-01 0 days 2,088 sqft
    2021-02-01 0 days 2,172 sqft
    2021-03-01 0 days 2,282 sqft
    2021-04-01 0 days 2,123 sqft
    2021-05-01 0 days 2,066 sqft
    2021-06-01 0 days 1,913 sqft
    2021-07-01 0 days 1,815 sqft
    2021-08-01 0 days 1,821 sqft
    2021-09-01 0 days 1,792 sqft
    2021-10-01 0 days 1,800 sqft
    2021-11-01 0 days 1,750 sqft
    2021-12-01 0 days 1,724 sqft
    2022-01-01 0 days 1,750 sqft
    2022-02-01 0 days 1,584 sqft
    2022-03-01 0 days 1,627 sqft
    2022-04-01 0 days 1,692 sqft
    2022-05-01 0 days 1,730 sqft
    2022-06-01 0 days 1,747 sqft
    2022-07-01 0 days 1,770 sqft
    2022-08-01 0 days 1,754 sqft
    2022-09-01 0 days 1,766 sqft
    2022-10-01 0 days 1,773 sqft
    2022-11-01 0 days 1,752 sqft
    2022-12-01 0 days 1,700 sqft
    2023-01-01 0 days 1,646 sqft
    2023-02-01 0 days 1,690 sqft
    2023-03-01 0 days 1,742 sqft
    2023-04-01 0 days 1,722 sqft
    2023-05-01 0 days 1,721 sqft
    2023-06-01 0 days 1,801 sqft
    2023-07-01 0 days 1,794 sqft
    2023-08-01 0 days 1,748 sqft
    2023-09-01 0 days 1,792 sqft
    2023-10-01 0 days 1,751 sqft
    2023-11-01 0 days 1,735 sqft
    2023-12-01 0 days 1,710 sqft
    2024-01-01 0 days 1,725 sqft
    2024-02-01 0 days 1,812 sqft
    2024-03-01 0 days 1,751 sqft
    2024-04-01 0 days 1,764 sqft
    2024-05-01 0 days 1,760 sqft
    2024-06-01 0 days 1,753 sqft
    2024-07-01 0 days 1,723 sqft
    2024-08-01 0 days 1,723 sqft
    2024-09-01 0 days 1,713 sqft
    2024-10-01 0 days 1,716 sqft
    Payson's median listing age (time on market) for 2024-10-01 was 0 days.

    Payson's median square footage for active listings during the 2024-10-01 period was 1,716 sqft. One year prior, the average listing was 1,751 sqft.