Pueblo USDA Loans

PUEBLO, CO

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.

Pueblo's 3 lenders originated 3 USDA loans during 2021. The total origination value was $785,000, with an average USDA loan value of $261,667.

Pueblo USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Pueblo averaged 6.18% for the week of 2022-09-23, compared to the national average (all USDA variants) of 6.08% for the same period.

The average rate for the prior week (2022-09-16) was 6.01% and one month ago for the week of 2022-08-19, the average rate was 5.2%.

The average rate one year ago was 3.23%.

For refis of the same type during the week of 2022-09-23, the average rate was 6.01%.

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

Pueblo 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 Pueblo level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Bank of England 1 3.38% $7,848
FINANCE OF AMERICA MORTGAGE LLC 1 2.63% $6,739
LOANDEPOT.COM, LLC 1 2.25% $12,816

The top Pueblo USDA lender as defined by loan originations is Bank of England, with 1 USDA loans originated. Their average total fees are $7,848, which is $1,109 higher than the next largest lender, FINANCE OF AMERICA MORTGAGE LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Pueblo (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 $241,450 (13.6%) $335,213 (19.8%) 0.89 453
2018-02-01 $244,950 (19.6%) $341,170 (24.4%) 0.88 420
2018-03-01 $255,000 (22.2%) $351,488 (23.7%) 0.88 437
2018-04-01 $259,950 (20.9%) $366,904 (25.4%) 0.87 439
2018-05-01 $259,900 (14.8%) $372,297 (14.8%) 0.87 451
2018-06-01 $269,900 (13.4%) $368,455 (17.8%) 0.90 514
2018-07-01 $276,675 (18.1%) $372,720 (21.9%) 0.92 562
2018-08-01 $269,950 (16.1%) $358,422 (20.0%) 0.90 620
2018-09-01 $260,000 (10.7%) $351,749 (17.4%) 0.87 653
2018-10-01 $257,450 (7.3%) $357,113 (5.8%) 0.86 645
2018-11-01 $255,000 (6.3%) $359,725 (5.5%) 0.86 619
2018-12-01 $249,916 (4.2%) $351,602 (3.4%) 0.86 570
2019-01-01 $249,950 (3.5%) $349,039 (4.1%) 0.86 528
2019-02-01 $257,000 (4.9%) $348,701 (2.2%) 0.86 510
2019-03-01 $263,385 (3.3%) $359,718 (2.3%) 0.86 485
2019-04-01 $273,168 (5.1%) $372,013 (1.4%) 0.86 451
2019-05-01 $279,450 (7.5%) $387,141 (4.0%) 0.86 416
2019-06-01 $264,900 (-1.9%) $377,991 (2.6%) 0.82 430
2019-07-01 $256,500 (-7.3%) $371,091 (-0.4%) 0.80 458
2019-08-01 $259,429 (-3.9%) $363,027 (1.3%) 0.82 467
2019-09-01 $262,450 (0.9%) $352,879 (0.3%) 0.83 503
2019-10-01 $250,950 (-2.5%) $338,140 (-5.3%) 0.80 538
2019-11-01 $249,900 (-2.0%) $339,052 (-5.8%) 0.81 473
2019-12-01 $257,450 (3.0%) $383,304 (9.0%) 0.86 415
2020-01-01 $269,000 (7.6%) $416,423 (19.3%) 0.90 384
2020-02-01 $279,900 (8.9%) $456,689 (31.0%) 0.90 336
2020-03-01 $284,350 (8.0%) $483,778 (34.5%) 0.89 305
2020-04-01 $286,275 (4.8%) $477,223 (28.3%) 0.89 328
2020-05-01 $300,000 (7.4%) $477,365 (23.3%) 0.91 334
2020-06-01 $289,900 (9.4%) $469,820 (24.3%) 0.85 312
2020-07-01 $307,450 (19.9%) $517,219 (39.4%) 0.88 275
2020-08-01 $329,007 (26.8%) $554,123 (52.6%) 0.94 266
2020-09-01 $312,900 (19.2%) $553,437 (56.8%) 0.89 279
2020-10-01 $310,000 (23.5%) $578,823 (71.2%) 0.89 263
2020-11-01 $307,900 (23.2%) $589,841 (74.0%) 0.88 239
2020-12-01 $299,900 (16.5%) $606,714 (58.3%) 0.88 217
2021-01-01 $314,900 (17.1%) $627,377 (50.7%) 0.93 171
2021-02-01 $339,900 (21.4%) $647,755 (41.8%) 0.98 178
2021-03-01 $330,400 (16.2%) $618,345 (27.8%) 0.93 180
2021-04-01 $339,500 (18.6%) $615,290 (28.9%) 0.91 206
2021-05-01 $339,000 (13.0%) $579,944 (21.5%) 0.89 247
2021-06-01 $347,495 (19.9%) $557,621 (18.7%) 0.90 286
2021-07-01 $349,900 (13.8%) $499,734 (-3.4%) 0.91 346
2021-08-01 $347,450 (5.6%) $473,072 (-14.6%) 0.91 457
2021-09-01 $349,200 (11.6%) $474,602 (-14.2%) 0.92 443
2021-10-01 $339,500 (9.5%) $471,741 (-18.5%) 0.89 446
2021-11-01 $349,900 (13.6%) $452,581 (-23.3%) 0.92 498
2021-12-01 $349,950 (16.7%) $471,243 (-22.3%) 0.93 423
2022-01-01 $343,900 (9.2%) $473,453 (-24.5%) 0.92 349
2022-02-01 $369,500 (8.7%) $466,502 (-28.0%) 0.94 305
2022-03-01 $379,900 (15.0%) $422,865 (-31.6%) 0.94 268
2022-04-01 $375,000 (10.5%) $414,423 (-32.7%) 0.88 342
2022-05-01 $389,900 (15.0%) $419,185 (-27.7%) 0.87 397
2022-06-01 $401,655 (15.6%) $431,241 (-22.7%) 0.89 508
2022-07-01 $405,835 (16.0%) $427,466 (-14.5%) 0.90 675
2022-08-01 $399,900 (15.1%) $439,660 (-7.1%) 0.92 757
Pueblo's median listing price for 2022-08-01 was $399,900, a difference of $52,450 (15.1%) versus the prior year and $-5,935 versus the prior month.

Pueblo's median listing price comes in at 92% of the national average.

Pueblo's average listing price for 2022-08-01 was $439,660, a difference of $-33,412 (-7.1%) versus the prior year and $12,194 versus the prior month.

For the 2022-08-01 period, Pueblo had 757 MLS listings, a difference of 82 listings (12%) versus the prior month and 300 listings (66%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Pueblo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 61 days 1,985 sqft
2018-02-01 51 days 2,039 sqft
2018-03-01 43 days 2,120 sqft
2018-04-01 46 days 2,182 sqft
2018-05-01 45 days 2,255 sqft
2018-06-01 42 days 2,156 sqft
2018-07-01 39 days 2,204 sqft
2018-08-01 47 days 2,130 sqft
2018-09-01 52 days 2,104 sqft
2018-10-01 53 days 2,043 sqft
2018-11-01 58 days 2,016 sqft
2018-12-01 68 days 1,979 sqft
2019-01-01 71 days 1,932 sqft
2019-02-01 52 days 1,983 sqft
2019-03-01 50 days 2,085 sqft
2019-04-01 45 days 2,208 sqft
2019-05-01 38 days 2,260 sqft
2019-06-01 36 days 2,141 sqft
2019-07-01 37 days 2,123 sqft
2019-08-01 39 days 2,082 sqft
2019-09-01 37 days 2,028 sqft
2019-10-01 38 days 2,010 sqft
2019-11-01 45 days 2,020 sqft
2019-12-01 58 days 2,119 sqft
2020-01-01 52 days 2,088 sqft
2020-02-01 42 days 2,088 sqft
2020-03-01 41 days 2,142 sqft
2020-04-01 34 days 1,940 sqft
2020-05-01 42 days 2,121 sqft
2020-06-01 34 days 2,101 sqft
2020-07-01 36 days 2,156 sqft
2020-08-01 37 days 2,184 sqft
2020-09-01 36 days 2,121 sqft
2020-10-01 33 days 2,121 sqft
2020-11-01 33 days 2,012 sqft
2020-12-01 37 days 1,913 sqft
2021-01-01 43 days 2,028 sqft
2021-02-01 26 days 1,984 sqft
2021-03-01 26 days 1,942 sqft
2021-04-01 28 days 2,019 sqft
2021-05-01 25 days 2,030 sqft
2021-06-01 22 days 2,077 sqft
2021-07-01 22 days 1,992 sqft
2021-08-01 25 days 2,073 sqft
2021-09-01 27 days 1,921 sqft
2021-10-01 28 days 1,894 sqft
2021-11-01 27 days 1,844 sqft
2021-12-01 40 days 1,804 sqft
2022-01-01 43 days 1,798 sqft
2022-02-01 27 days 1,757 sqft
2022-03-01 26 days 1,833 sqft
2022-04-01 21 days 1,750 sqft
2022-05-01 25 days 1,789 sqft
2022-06-01 24 days 1,754 sqft
2022-07-01 29 days 1,890 sqft
2022-08-01 37 days 1,920 sqft
Pueblo's median listing age (time on market) for 2022-08-01 was 37 days. This is 46% longer than the same period one year ago.

Pueblo's median square footage for active listings during the 2022-08-01 period was 1,920 sqft. One year prior, the average listing was 2,073 sqft.