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 7 lenders originated 42 USDA loans during 2021. The total origination value was $8,530,000, with an average USDA loan value of $203,095.
Payson USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Payson
averaged
6.79%
for the week of 2023-03-17, compared to the national average (all USDA variants) of
6.497% for the same period.
Payson's average USDA mortgage closing costs are $5,935.
The average rate for the prior week (2023-03-10) was
6.81% and
one month ago for the week of 2023-02-10, the
average rate was 6.37%.
The average rate one year ago was 4.26%.
For refis of the same type during the week of 2023-03-17, the average rate
was 6.5%.
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 | 2021 Avg. 30yFix Rate | 2021 Avg. Closing Costs |
|---|---|---|---|
| GENEVA FINANCIAL, LLC | 15 | 2.85% | $6,008 |
| SUN AMERICAN MORTGAGE COMPANY | 12 | 2.97% | $5,820 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 6 | 2.85% | $6,335 |
| BAY EQUITY LLC | 2 | 2.93% | $7,096 |
| Carrington Mortgage Services, LLC | 1 | 4.25% | $9,538 |
| GUILD MORTGAGE COMPANY | 1 | 3.63% | $6,585 |
| ON Q FINANCIAL, INC. | 1 | 2.75% | $8,871 |
The top Payson USDA lender as defined by loan originations is GENEVA FINANCIAL, LLC, with
15 USDA loans originated. Their average total fees are
$6,008, which is $188
higher than the next largest lender,
SUN AMERICAN MORTGAGE COMPANY.
The lowest fee Payson USDA lenders (with over 10 loans originated) are
SUN AMERICAN MORTGAGE COMPANY ($5,820), GENEVA FINANCIAL, LLC ($6,008), .
The lowest rate Payson USDA lenders (with over 10 loans originated) are
GENEVA FINANCIAL, LLC (2.85%), SUN AMERICAN MORTGAGE COMPANY (2.97%), .
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 | $302,450 (12.2%) | $435,273 (13.3%) | 0.00 | 355 |
| 2018-02-01 | $299,900 (9.1%) | $430,787 (12.7%) | 0.00 | 346 |
| 2018-03-01 | $299,900 (8.8%) | $427,205 (11.2%) | 0.00 | 368 |
| 2018-04-01 | $313,500 (5.2%) | $423,765 (6.0%) | 0.00 | 381 |
| 2018-05-01 | $317,750 (6.1%) | $422,424 (3.9%) | 0.00 | 418 |
| 2018-06-01 | $319,500 (4.9%) | $424,516 (1.1%) | 0.00 | 437 |
| 2018-07-01 | $325,900 (3.5%) | $427,343 (1.1%) | 0.00 | 436 |
| 2018-08-01 | $340,950 (6.7%) | $442,015 (2.2%) | 0.00 | 404 |
| 2018-09-01 | $349,500 (11.0%) | $461,757 (6.9%) | 0.00 | 395 |
| 2018-10-01 | $344,375 (15.2%) | $463,713 (11.4%) | 0.00 | 374 |
| 2018-11-01 | $339,500 (13.6%) | $466,231 (12.7%) | 0.00 | 359 |
| 2018-12-01 | $335,900 (12.1%) | $466,004 (8.7%) | 0.00 | 335 |
| 2019-01-01 | $346,000 (14.4%) | $457,522 (5.1%) | 0.00 | 283 |
| 2019-02-01 | $349,675 (16.6%) | $454,444 (5.5%) | 0.00 | 306 |
| 2019-03-01 | $343,900 (14.7%) | $449,298 (5.2%) | 0.00 | 330 |
| 2019-04-01 | $335,675 (7.1%) | $440,698 (4.0%) | 0.00 | 364 |
| 2019-05-01 | $337,225 (6.1%) | $440,824 (4.4%) | 0.00 | 384 |
| 2019-06-01 | $339,000 (6.1%) | $439,801 (3.6%) | 0.00 | 403 |
| 2019-07-01 | $333,750 (2.4%) | $431,102 (0.9%) | 0.00 | 429 |
| 2019-08-01 | $336,333 (-1.4%) | $433,250 (-2.0%) | 0.00 | 412 |
| 2019-09-01 | $336,982 (-3.6%) | $432,471 (-6.3%) | 0.00 | 392 |
| 2019-10-01 | $338,244 (-1.8%) | $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 | $338,600 (-2.1%) | $458,249 (0.2%) | 0.00 | 260 |
| 2020-02-01 | $329,500 (-5.8%) | $470,359 (3.5%) | 0.00 | 257 |
| 2020-03-01 | $357,000 (3.8%) | $475,630 (5.9%) | 0.00 | 277 |
| 2020-04-01 | $331,425 (-1.3%) | $450,984 (2.3%) | 0.00 | 305 |
| 2020-05-01 | $339,950 (0.8%) | $458,168 (3.9%) | 0.00 | 301 |
| 2020-06-01 | $342,700 (1.1%) | $466,513 (6.1%) | 0.00 | 255 |
| 2020-07-01 | $363,425 (8.9%) | $491,918 (14.1%) | 0.00 | 208 |
| 2020-08-01 | $364,900 (8.5%) | $516,391 (19.2%) | 0.00 | 153 |
| 2020-09-01 | $362,450 (7.6%) | $544,321 (25.9%) | 0.00 | 143 |
| 2020-10-01 | $399,000 (18.0%) | $583,135 (34.8%) | 0.00 | 130 |
| 2020-11-01 | $392,500 (13.8%) | $614,726 (38.0%) | 0.00 | 113 |
| 2020-12-01 | $388,475 (13.5%) | $605,844 (33.8%) | 0.00 | 103 |
| 2021-01-01 | $392,450 (15.9%) | $619,268 (35.1%) | 0.00 | 103 |
| 2021-02-01 | $425,000 (29.0%) | $739,141 (57.1%) | 0.00 | 90 |
| 2021-03-01 | $462,000 (29.4%) | $754,300 (58.6%) | 0.00 | 93 |
| 2021-04-01 | $437,250 (31.9%) | $691,511 (53.3%) | 0.00 | 109 |
| 2021-05-01 | $450,000 (32.4%) | $660,609 (44.2%) | 0.00 | 111 |
| 2021-06-01 | $467,875 (36.5%) | $650,228 (39.4%) | 0.00 | 119 |
| 2021-07-01 | $450,000 (23.8%) | $625,566 (27.2%) | 0.00 | 130 |
| 2021-08-01 | $468,750 (28.5%) | $614,288 (19.0%) | 0.00 | 140 |
| 2021-09-01 | $463,875 (28.0%) | $623,386 (14.5%) | 0.00 | 144 |
| 2021-10-01 | $450,000 (12.8%) | $640,383 (9.8%) | 0.00 | 135 |
| 2021-11-01 | $442,500 (12.7%) | $641,924 (4.4%) | 0.00 | 117 |
| 2021-12-01 | $444,450 (14.4%) | $638,064 (5.3%) | 0.00 | 107 |
| 2022-01-01 | $455,000 (15.9%) | $640,303 (3.4%) | 0.00 | 99 |
| 2022-02-01 | $439,000 (3.3%) | $591,327 (-20.0%) | 0.00 | 103 |
| 2022-03-01 | $449,975 (-2.6%) | $627,632 (-16.8%) | 0.00 | 105 |
| 2022-04-01 | $479,900 (9.8%) | $643,181 (-7.0%) | 0.00 | 136 |
| 2022-05-01 | $499,000 (10.9%) | $639,567 (-3.2%) | 0.00 | 190 |
| 2022-06-01 | $532,000 (13.7%) | $655,576 (0.8%) | 0.00 | 243 |
| 2022-07-01 | $525,000 (16.7%) | $649,660 (3.9%) | 0.00 | 275 |
| 2022-08-01 | $513,500 (9.6%) | $624,525 (1.7%) | 0.00 | 288 |
| 2022-09-01 | $497,000 (7.1%) | $605,631 (-2.9%) | 0.00 | 299 |
| 2022-10-01 | $489,500 (8.8%) | $598,337 (-6.6%) | 0.00 | 292 |
| 2022-11-01 | $476,000 (7.6%) | $591,019 (-7.9%) | 0.00 | 281 |
| 2022-12-01 | $474,900 (6.9%) | $581,804 (-8.8%) | 0.00 | 241 |
| 2023-01-01 | $462,200 (1.6%) | $568,655 (-11.2%) | 0.00 | 212 |
| 2023-02-01 | $473,500 (7.9%) | $623,025 (5.4%) | 0.00 | 193 |
Payson's median listing price comes in at 0% of the national average.
Payson's average listing price for 2023-02-01 was $623,025, a difference of $31,698 (5.4%) versus the prior year and $54,370 versus the prior month.
For the 2023-02-01 period, Payson had 193 MLS listings, a difference of -19 listings (-9%) versus the prior month and 90 listings (87%) 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 | 1,963 sqft |
| 2018-02-01 | 0 days | 1,946 sqft |
| 2018-03-01 | 0 days | 1,973 sqft |
| 2018-04-01 | 0 days | 1,906 sqft |
| 2018-05-01 | 0 days | 1,865 sqft |
| 2018-06-01 | 0 days | 1,881 sqft |
| 2018-07-01 | 0 days | 1,889 sqft |
| 2018-08-01 | 0 days | 1,914 sqft |
| 2018-09-01 | 0 days | 1,940 sqft |
| 2018-10-01 | 0 days | 1,920 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 | 1,949 sqft |
| 2020-02-01 | 0 days | 1,864 sqft |
| 2020-03-01 | 0 days | 1,938 sqft |
| 2020-04-01 | 0 days | 1,842 sqft |
| 2020-05-01 | 0 days | 1,896 sqft |
| 2020-06-01 | 0 days | 1,936 sqft |
| 2020-07-01 | 0 days | 2,011 sqft |
| 2020-08-01 | 0 days | 2,024 sqft |
| 2020-09-01 | 0 days | 2,043 sqft |
| 2020-10-01 | 0 days | 2,048 sqft |
| 2020-11-01 | 0 days | 2,098 sqft |
| 2020-12-01 | 0 days | 2,046 sqft |
| 2021-01-01 | 0 days | 2,083 sqft |
| 2021-02-01 | 0 days | 2,168 sqft |
| 2021-03-01 | 0 days | 2,272 sqft |
| 2021-04-01 | 0 days | 2,095 sqft |
| 2021-05-01 | 0 days | 1,990 sqft |
| 2021-06-01 | 0 days | 1,896 sqft |
| 2021-07-01 | 0 days | 1,806 sqft |
| 2021-08-01 | 0 days | 1,811 sqft |
| 2021-09-01 | 0 days | 1,786 sqft |
| 2021-10-01 | 0 days | 1,796 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 | 1,590 sqft |
| 2022-03-01 | 0 days | 1,645 sqft |
| 2022-04-01 | 0 days | 1,700 sqft |
| 2022-05-01 | 0 days | 1,733 sqft |
| 2022-06-01 | 0 days | 1,751 sqft |
| 2022-07-01 | 0 days | 1,773 sqft |
| 2022-08-01 | 0 days | 1,756 sqft |
| 2022-09-01 | 0 days | 1,770 sqft |
| 2022-10-01 | 0 days | 1,775 sqft |
| 2022-11-01 | 0 days | 1,752 sqft |
| 2022-12-01 | 0 days | 1,700 sqft |
| 2023-01-01 | 0 days | 1,647 sqft |
| 2023-02-01 | 0 days | 1,701 sqft |
Payson's median square footage for active listings during the 2023-02-01 period was 1,701 sqft. One year prior, the average listing was 1,590 sqft.