Price USDA Loan Rates, Closing Costs & Stats

Price, 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.

Price's 5 lenders originated 8 USDA loans during 2023. The total origination value was $1,950,000, with an average USDA loan value of $243,750.

Price USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Price averaged 6.64% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

Price's average USDA mortgage closing costs are $4,426.

The average rate for the prior week (2024-03-15) was 6.76% and one month ago for the week of 2024-02-16, the average rate was 6.84%.

The average rate one year ago was 6.34%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.87%.

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

Price 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 Price level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
SECURITY HOME MORTGAGE, LLC. 3 6.04% $9,502
Bank of Utah 1 6.38% $7,063
CRESCENT MORTGAGE COMPANY 1 7.00% $6,699
FIRST COLONY MORTGAGE CORPORATION 1 7.00% $3,845
NEWREZ LLC 1 5.25% $10,866

The top Price USDA lender as defined by loan originations is SECURITY HOME MORTGAGE, LLC., with 3 USDA loans originated. Their average total fees are $9,502, which is $2,439 higher than the next largest lender, Bank of Utah.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Price (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 $121,150 (1.0%) $161,044 (15.3%) 0.00 143
2018-02-01 $124,700 (0.9%) $163,123 (9.5%) 0.00 139
2018-03-01 $129,750 (3.9%) $162,445 (7.7%) 0.00 142
2018-04-01 $131,250 (1.7%) $169,937 (9.3%) 0.00 134
2018-05-01 $130,000 (6.6%) $194,503 (25.6%) 0.00 135
2018-06-01 $129,962 (4.0%) $189,368 (24.1%) 0.00 134
2018-07-01 $129,975 (2.9%) $188,346 (22.1%) 0.00 136
2018-08-01 $134,875 (8.6%) $197,010 (24.3%) 0.00 132
2018-09-01 $145,000 (20.9%) $217,727 (36.4%) 0.00 123
2018-10-01 $141,700 (16.3%) $212,813 (30.4%) 0.00 123
2018-11-01 $139,175 (11.3%) $213,932 (28.8%) 0.00 116
2018-12-01 $135,000 (7.1%) $210,224 (28.5%) 0.00 116
2019-01-01 $134,750 (11.2%) $215,834 (34.0%) 0.00 111
2019-02-01 $135,000 (8.3%) $222,641 (36.5%) 0.00 96
2019-03-01 $135,000 (4.1%) $224,279 (38.1%) 0.00 93
2019-04-01 $134,975 (2.8%) $223,920 (31.8%) 0.00 93
2019-05-01 $144,250 (11.0%) $237,766 (22.2%) 0.00 84
2019-06-01 $150,000 (15.4%) $248,007 (31.0%) 0.00 84
2019-07-01 $150,375 (15.7%) $232,444 (23.4%) 0.00 89
2019-08-01 $148,591 (10.2%) $220,312 (11.8%) 0.00 90
2019-09-01 $147,977 (2.1%) $218,292 (0.3%) 0.00 89
2019-10-01 $147,568 (4.1%) $218,901 (2.9%) 0.00 86
2019-11-01 $144,500 (3.8%) $214,002 (0.0%) 0.00 69
2019-12-01 $140,750 (4.3%) $211,652 (0.7%) 0.00 65
2020-01-01 $156,575 (16.2%) $226,706 (5.0%) 0.00 58
2020-02-01 $162,950 (20.7%) $264,578 (18.8%) 0.00 57
2020-03-01 $165,750 (22.8%) $280,577 (25.1%) 0.00 47
2020-04-01 $165,113 (22.3%) $279,747 (24.9%) 0.00 50
2020-05-01 $168,500 (16.8%) $270,869 (13.9%) 0.00 49
2020-06-01 $151,000 (0.7%) $275,709 (11.2%) 0.00 48
2020-07-01 $184,750 (22.9%) $295,954 (27.3%) 0.00 49
2020-08-01 $220,000 (48.1%) $335,095 (52.1%) 0.00 41
2020-09-01 $195,023 (31.8%) $297,892 (36.5%) 0.00 46
2020-10-01 $147,950 (0.3%) $217,615 (-0.6%) 0.00 53
2020-11-01 $152,000 (5.2%) $200,433 (-6.3%) 0.00 54
2020-12-01 $141,975 (0.9%) $205,442 (-2.9%) 0.00 47
2021-01-01 $139,900 (-10.7%) $180,461 (-20.4%) 0.00 32
2021-02-01 $160,975 (-1.2%) $206,621 (-21.9%) 0.00 27
2021-03-01 $200,000 (20.7%) $218,684 (-22.1%) 0.00 22
2021-04-01 $239,995 (45.4%) $331,774 (18.6%) 0.00 20
2021-05-01 $234,495 (39.2%) $400,760 (48.0%) 0.00 22
2021-06-01 $222,250 (47.2%) $376,433 (36.5%) 0.00 33
2021-07-01 $225,000 (21.8%) $360,824 (21.9%) 0.00 49
2021-08-01 $249,723 (13.5%) $354,928 (5.9%) 0.00 52
2021-09-01 $243,725 (25.0%) $341,988 (14.8%) 0.00 57
2021-10-01 $225,000 (52.1%) $358,727 (64.8%) 0.00 37
2021-11-01 $199,375 (31.2%) $256,066 (27.8%) 0.00 32
2021-12-01 $199,375 (40.4%) $243,477 (18.5%) 0.00 20
2022-01-01 $191,250 (36.7%) $232,720 (29.0%) 0.00 15
2022-02-01 $354,125 (120.0%) $338,222 (63.7%) 0.00 11
2022-03-01 $297,000 (48.5%) $326,467 (49.3%) 0.00 14
2022-04-01 $265,000 (10.4%) $294,463 (-11.3%) 0.00 27
2022-05-01 $264,500 (12.8%) $339,394 (-15.3%) 0.00 32
2022-06-01 $309,900 (39.4%) $348,821 (-7.3%) 0.00 44
2022-07-01 $385,000 (71.1%) $367,778 (1.9%) 0.00 60
2022-08-01 $350,000 (40.2%) $341,957 (-3.7%) 0.00 58
2022-09-01 $349,000 (43.2%) $349,634 (2.2%) 0.00 57
2022-10-01 $325,000 (44.4%) $352,611 (-1.7%) 0.00 60
2022-11-01 $324,900 (63.0%) $338,760 (32.3%) 0.00 68
2022-12-01 $319,950 (60.5%) $336,337 (38.1%) 0.00 67
2023-01-01 $340,000 (77.8%) $349,272 (50.1%) 0.00 55
2023-02-01 $380,750 (7.5%) $348,731 (3.1%) 0.00 46
2023-03-01 $392,500 (32.2%) $363,817 (11.4%) 0.00 47
2023-04-01 $414,000 (56.2%) $375,741 (27.6%) 0.00 62
2023-05-01 $424,000 (60.3%) $398,953 (17.6%) 0.00 64
2023-06-01 $375,450 (21.2%) $412,880 (18.4%) 0.00 81
2023-07-01 $392,000 (1.8%) $434,831 (18.2%) 0.00 81
2023-08-01 $421,250 (20.4%) $431,569 (26.2%) 0.00 82
2023-09-01 $375,000 (7.5%) $420,860 (20.4%) 0.00 87
2023-10-01 $362,500 (11.5%) $449,360 (27.4%) 0.00 93
2023-11-01 $352,500 (8.5%) $382,946 (13.0%) 0.00 92
2023-12-01 $350,000 (9.4%) $375,358 (11.6%) 0.00 90
2024-01-01 $358,750 (5.5%) $390,294 (11.7%) 0.00 86
2024-02-01 $380,000 (-0.2%) $391,410 (12.2%) 0.00 83
Price's median listing price for 2024-02-01 was $380,000, a difference of $-750 (-0.2%) versus the prior year and $21,250 versus the prior month.

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

Price's average listing price for 2024-02-01 was $391,410, a difference of $42,679 (12.2%) versus the prior year and $1,116 versus the prior month.

For the 2024-02-01 period, Price had 83 MLS listings, a difference of -3 listings (-3%) versus the prior month and 37 listings (80%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Price (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,862 sqft
2018-02-01 0 days 1,954 sqft
2018-03-01 0 days 1,936 sqft
2018-04-01 0 days 1,918 sqft
2018-05-01 0 days 1,950 sqft
2018-06-01 0 days 1,898 sqft
2018-07-01 0 days 1,898 sqft
2018-08-01 0 days 1,976 sqft
2018-09-01 0 days 2,100 sqft
2018-10-01 0 days 2,062 sqft
2018-11-01 0 days 2,042 sqft
2018-12-01 0 days 1,984 sqft
2019-01-01 0 days 1,999 sqft
2019-02-01 0 days 2,015 sqft
2019-03-01 0 days 2,023 sqft
2019-04-01 0 days 2,002 sqft
2019-05-01 0 days 2,037 sqft
2019-06-01 0 days 2,112 sqft
2019-07-01 0 days 1,973 sqft
2019-08-01 0 days 1,973 sqft
2019-09-01 0 days 1,973 sqft
2019-10-01 0 days 1,995 sqft
2019-11-01 0 days 2,016 sqft
2019-12-01 0 days 2,101 sqft
2020-01-01 0 days 2,112 sqft
2020-02-01 0 days 2,162 sqft
2020-03-01 0 days 2,225 sqft
2020-04-01 0 days 2,060 sqft
2020-05-01 0 days 1,989 sqft
2020-06-01 0 days 1,933 sqft
2020-07-01 0 days 2,129 sqft
2020-08-01 0 days 2,248 sqft
2020-09-01 0 days 2,284 sqft
2020-10-01 0 days 1,725 sqft
2020-11-01 0 days 1,717 sqft
2020-12-01 0 days 1,670 sqft
2021-01-01 0 days 1,574 sqft
2021-02-01 0 days 1,671 sqft
2021-03-01 0 days 1,694 sqft
2021-04-01 0 days 1,860 sqft
2021-05-01 0 days 1,836 sqft
2021-06-01 0 days 1,729 sqft
2021-07-01 0 days 1,904 sqft
2021-08-01 0 days 1,944 sqft
2021-09-01 0 days 2,008 sqft
2021-10-01 0 days 1,904 sqft
2021-11-01 0 days 2,005 sqft
2021-12-01 0 days 1,877 sqft
2022-01-01 0 days 1,846 sqft
2022-02-01 0 days 2,109 sqft
2022-03-01 0 days 1,951 sqft
2022-04-01 0 days 1,712 sqft
2022-05-01 0 days 1,827 sqft
2022-06-01 0 days 1,842 sqft
2022-07-01 0 days 1,659 sqft
2022-08-01 0 days 1,659 sqft
2022-09-01 0 days 1,658 sqft
2022-10-01 0 days 1,659 sqft
2022-11-01 0 days 1,737 sqft
2022-12-01 0 days 1,678 sqft
2023-01-01 0 days 1,680 sqft
2023-02-01 0 days 1,658 sqft
2023-03-01 0 days 1,658 sqft
2023-04-01 0 days 1,753 sqft
2023-05-01 0 days 1,940 sqft
2023-06-01 0 days 2,167 sqft
2023-07-01 0 days 2,200 sqft
2023-08-01 0 days 2,424 sqft
2023-09-01 0 days 2,080 sqft
2023-10-01 0 days 2,055 sqft
2023-11-01 0 days 2,016 sqft
2023-12-01 0 days 1,960 sqft
2024-01-01 0 days 1,971 sqft
2024-02-01 0 days 2,085 sqft
Price's median listing age (time on market) for 2024-02-01 was 0 days.

Price's median square footage for active listings during the 2024-02-01 period was 2,085 sqft. One year prior, the average listing was 1,658 sqft.