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%.
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 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 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.
