Payson USDA Loan Rates, Closing Costs & Stats

Payson, AZ

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 7.05% for the week of 2024-07-12, compared to the national average (all USDA variants) of 6.672% for the same period.

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

The average rate for the prior week (2024-07-05) was 7.12% and one month ago for the week of 2024-06-07, the average rate was 6.98%.

The average rate one year ago was 6.86%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.67%.

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 $539,000 (2.7%) $669,624 (2.9%) 0.00 376
Payson's median listing price for 2024-06-01 was $539,000, a difference of $14,000 (2.7%) versus the prior year and $-6,000 versus the prior month.

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

Payson's average listing price for 2024-06-01 was $669,624, a difference of $18,722 (2.9%) versus the prior year and $-9,453 versus the prior month.

For the 2024-06-01 period, Payson had 376 MLS listings, a difference of 21 listings (6%) versus the prior month and 105 listings (39%) 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 1,748 sqft
Payson's median listing age (time on market) for 2024-06-01 was 0 days.

Payson's median square footage for active listings during the 2024-06-01 period was 1,748 sqft. One year prior, the average listing was 1,801 sqft.