Rock Springs USDA Loan Rates, Closing Costs & Stats
Rock Springs, WY
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.
Rock Springs's 10 lenders originated 44 USDA loans during 2023. The total origination value was $10,890,000, with an average USDA loan value of $247,500.
Rock Springs USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Rock Springs
averaged
6.64%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Rock Springs's average USDA mortgage closing costs are $5,709.
The average rate for the prior week (2024-04-12) was
6.59% and
one month ago for the week of 2024-03-15, the
average rate was 6.47%.
The average rate one year ago was 5.91%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.76%.
Rock Springs 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 Rock Springs level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | 24 | 5.89% | $6,952 |
| Flanagan State Bank | 5 | 6.28% | $7,907 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 4 | 5.94% | $7,953 |
| NEWREZ LLC | 3 | 6.21% | $7,062 |
| U.S. Bank | 3 | 7.08% | $5,908 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.25% | $8,456 |
| SUN WEST MORTGAGE COMPANY, INC. | 1 | 5.63% | $4,553 |
| CRESCENT MORTGAGE COMPANY | 1 | 6.63% | $5,521 |
| Wells Fargo Bank | 1 | 4.88% | $770 |
| GUILD MORTGAGE COMPANY | 1 | 5.63% | $13,215 |
The top Rock Springs USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
24 USDA loans originated. Their average total fees are
$6,952, which is $955
lower than the next largest lender,
Flanagan State Bank.
The lowest fee Rock Springs USDA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($6,952), .
The lowest rate Rock Springs USDA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (5.89%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Rock Springs (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 | $229,900 (12.2%) | $266,166 (13.2%) | 0.00 | 231 |
| 2018-02-01 | $229,900 (13.6%) | $267,415 (13.7%) | 0.00 | 223 |
| 2018-03-01 | $242,000 (9.5%) | $270,704 (10.8%) | 0.00 | 217 |
| 2018-04-01 | $246,000 (5.8%) | $278,099 (7.9%) | 0.00 | 237 |
| 2018-05-01 | $243,450 (3.4%) | $280,137 (9.4%) | 0.00 | 229 |
| 2018-06-01 | $239,000 (-2.1%) | $275,272 (4.6%) | 0.00 | 259 |
| 2018-07-01 | $239,000 (-1.8%) | $271,081 (4.6%) | 0.00 | 261 |
| 2018-08-01 | $235,000 (-1.9%) | $273,826 (7.3%) | 0.00 | 260 |
| 2018-09-01 | $235,000 (-1.5%) | $267,813 (4.9%) | 0.00 | 261 |
| 2018-10-01 | $234,950 (3.6%) | $264,177 (6.7%) | 0.00 | 261 |
| 2018-11-01 | $231,450 (3.4%) | $265,723 (5.5%) | 0.00 | 243 |
| 2018-12-01 | $224,900 (-2.0%) | $263,012 (1.2%) | 0.00 | 228 |
| 2019-01-01 | $219,900 (-4.4%) | $259,019 (-2.7%) | 0.00 | 208 |
| 2019-02-01 | $219,925 (-4.3%) | $258,331 (-3.4%) | 0.00 | 221 |
| 2019-03-01 | $220,143 (-9.0%) | $258,320 (-4.6%) | 0.00 | 209 |
| 2019-04-01 | $224,900 (-8.6%) | $258,401 (-7.1%) | 0.00 | 196 |
| 2019-05-01 | $227,000 (-6.8%) | $260,777 (-6.9%) | 0.00 | 191 |
| 2019-06-01 | $229,900 (-3.8%) | $262,644 (-4.6%) | 0.00 | 191 |
| 2019-07-01 | $237,625 (-0.6%) | $270,528 (-0.2%) | 0.00 | 186 |
| 2019-08-01 | $239,818 (2.1%) | $271,896 (-0.7%) | 0.00 | 182 |
| 2019-09-01 | $244,420 (4.0%) | $272,228 (1.7%) | 0.00 | 185 |
| 2019-10-01 | $248,000 (5.6%) | $272,648 (3.2%) | 0.00 | 191 |
| 2019-11-01 | $248,000 (7.2%) | $276,698 (4.1%) | 0.00 | 170 |
| 2019-12-01 | $239,850 (6.7%) | $279,898 (6.4%) | 0.00 | 166 |
| 2020-01-01 | $235,225 (7.0%) | $273,860 (5.7%) | 0.00 | 169 |
| 2020-02-01 | $232,950 (5.9%) | $272,153 (5.4%) | 0.00 | 164 |
| 2020-03-01 | $228,450 (3.8%) | $264,371 (2.3%) | 0.00 | 175 |
| 2020-04-01 | $228,000 (1.4%) | $273,004 (5.7%) | 0.00 | 171 |
| 2020-05-01 | $228,000 (0.4%) | $269,334 (3.3%) | 0.00 | 173 |
| 2020-06-01 | $232,450 (1.1%) | $274,001 (4.3%) | 0.00 | 168 |
| 2020-07-01 | $234,075 (-1.5%) | $273,309 (1.0%) | 0.00 | 174 |
| 2020-08-01 | $232,400 (-3.1%) | $274,601 (1.0%) | 0.00 | 178 |
| 2020-09-01 | $234,950 (-3.9%) | $268,217 (-1.5%) | 0.00 | 179 |
| 2020-10-01 | $233,225 (-6.0%) | $269,936 (-1.0%) | 0.00 | 174 |
| 2020-11-01 | $228,500 (-7.9%) | $266,933 (-3.5%) | 0.00 | 159 |
| 2020-12-01 | $224,975 (-6.2%) | $262,871 (-6.1%) | 0.00 | 152 |
| 2021-01-01 | $224,900 (-4.4%) | $259,206 (-5.4%) | 0.00 | 139 |
| 2021-02-01 | $232,450 (-0.2%) | $261,880 (-3.8%) | 0.00 | 125 |
| 2021-03-01 | $225,250 (-1.4%) | $258,488 (-2.2%) | 0.00 | 117 |
| 2021-04-01 | $223,500 (-2.0%) | $260,929 (-4.4%) | 0.00 | 105 |
| 2021-05-01 | $219,000 (-4.0%) | $273,993 (1.7%) | 0.00 | 89 |
| 2021-06-01 | $219,750 (-5.5%) | $269,502 (-1.6%) | 0.00 | 98 |
| 2021-07-01 | $222,000 (-5.2%) | $261,195 (-4.4%) | 0.00 | 91 |
| 2021-08-01 | $220,000 (-5.3%) | $264,879 (-3.5%) | 0.00 | 92 |
| 2021-09-01 | $224,900 (-4.3%) | $264,222 (-1.5%) | 0.00 | 90 |
| 2021-10-01 | $227,500 (-2.5%) | $260,237 (-3.6%) | 0.00 | 84 |
| 2021-11-01 | $222,450 (-2.7%) | $239,272 (-10.4%) | 0.00 | 83 |
| 2021-12-01 | $226,550 (0.7%) | $242,889 (-7.6%) | 0.00 | 69 |
| 2022-01-01 | $225,000 (0.0%) | $261,114 (0.7%) | 0.00 | 64 |
| 2022-02-01 | $222,200 (-4.4%) | $263,492 (0.6%) | 0.00 | 57 |
| 2022-03-01 | $230,000 (2.1%) | $274,711 (6.3%) | 0.00 | 62 |
| 2022-04-01 | $238,000 (6.5%) | $294,111 (12.7%) | 0.00 | 58 |
| 2022-05-01 | $251,000 (14.6%) | $316,710 (15.6%) | 0.00 | 74 |
| 2022-06-01 | $229,000 (4.2%) | $309,163 (14.7%) | 0.00 | 69 |
| 2022-07-01 | $229,900 (3.6%) | $333,715 (27.8%) | 0.00 | 75 |
| 2022-08-01 | $236,000 (7.3%) | $347,857 (31.3%) | 0.00 | 83 |
| 2022-09-01 | $241,500 (7.4%) | $342,061 (29.5%) | 0.00 | 76 |
| 2022-10-01 | $249,450 (9.7%) | $355,921 (36.8%) | 0.00 | 68 |
| 2022-11-01 | $242,950 (9.2%) | $349,909 (46.2%) | 0.00 | 70 |
| 2022-12-01 | $255,000 (12.6%) | $359,782 (48.1%) | 0.00 | 66 |
| 2023-01-01 | $255,000 (13.3%) | $335,143 (28.4%) | 0.00 | 64 |
| 2023-02-01 | $282,925 (27.3%) | $355,007 (34.7%) | 0.00 | 62 |
| 2023-03-01 | $302,925 (31.7%) | $367,813 (33.9%) | 0.00 | 53 |
| 2023-04-01 | $291,000 (22.3%) | $366,055 (24.5%) | 0.00 | 56 |
| 2023-05-01 | $287,450 (14.5%) | $344,901 (8.9%) | 0.00 | 60 |
| 2023-06-01 | $314,975 (37.5%) | $341,514 (10.5%) | 0.00 | 69 |
| 2023-07-01 | $310,000 (34.8%) | $340,790 (2.1%) | 0.00 | 87 |
| 2023-08-01 | $309,975 (31.4%) | $338,541 (-2.7%) | 0.00 | 91 |
| 2023-09-01 | $315,000 (30.4%) | $334,766 (-2.1%) | 0.00 | 103 |
| 2023-10-01 | $311,875 (25.0%) | $328,178 (-7.8%) | 0.00 | 90 |
| 2023-11-01 | $296,000 (21.8%) | $321,567 (-8.1%) | 0.00 | 91 |
| 2023-12-01 | $289,000 (13.3%) | $326,008 (-9.4%) | 0.00 | 90 |
| 2024-01-01 | $289,250 (13.4%) | $331,403 (-1.1%) | 0.00 | 73 |
| 2024-02-01 | $283,750 (0.3%) | $330,125 (-7.0%) | 0.00 | 71 |
| 2024-03-01 | $280,000 (-7.6%) | $335,838 (-8.7%) | 0.00 | 69 |
Rock Springs's median listing price comes in at 0% of the national average.
Rock Springs's average listing price for 2024-03-01 was $335,838, a difference of $-31,975 (-8.7%) versus the prior year and $5,713 versus the prior month.
For the 2024-03-01 period, Rock Springs had 69 MLS listings, a difference of -2 listings (-3%) versus the prior month and 16 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Rock Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,141 sqft |
| 2018-02-01 | 0 days | 2,122 sqft |
| 2018-03-01 | 0 days | 2,166 sqft |
| 2018-04-01 | 0 days | 2,244 sqft |
| 2018-05-01 | 0 days | 2,291 sqft |
| 2018-06-01 | 0 days | 2,176 sqft |
| 2018-07-01 | 0 days | 2,224 sqft |
| 2018-08-01 | 0 days | 2,247 sqft |
| 2018-09-01 | 0 days | 2,222 sqft |
| 2018-10-01 | 0 days | 2,227 sqft |
| 2018-11-01 | 0 days | 2,193 sqft |
| 2018-12-01 | 0 days | 2,176 sqft |
| 2019-01-01 | 0 days | 2,064 sqft |
| 2019-02-01 | 0 days | 2,064 sqft |
| 2019-03-01 | 0 days | 2,064 sqft |
| 2019-04-01 | 0 days | 2,049 sqft |
| 2019-05-01 | 0 days | 2,050 sqft |
| 2019-06-01 | 0 days | 2,049 sqft |
| 2019-07-01 | 0 days | 2,088 sqft |
| 2019-08-01 | 0 days | 2,113 sqft |
| 2019-09-01 | 0 days | 2,158 sqft |
| 2019-10-01 | 0 days | 2,187 sqft |
| 2019-11-01 | 0 days | 2,263 sqft |
| 2019-12-01 | 0 days | 2,136 sqft |
| 2020-01-01 | 0 days | 2,097 sqft |
| 2020-02-01 | 0 days | 2,060 sqft |
| 2020-03-01 | 0 days | 2,056 sqft |
| 2020-04-01 | 0 days | 2,024 sqft |
| 2020-05-01 | 0 days | 2,016 sqft |
| 2020-06-01 | 0 days | 2,035 sqft |
| 2020-07-01 | 0 days | 2,096 sqft |
| 2020-08-01 | 0 days | 2,112 sqft |
| 2020-09-01 | 0 days | 2,112 sqft |
| 2020-10-01 | 0 days | 2,104 sqft |
| 2020-11-01 | 0 days | 2,082 sqft |
| 2020-12-01 | 0 days | 2,013 sqft |
| 2021-01-01 | 0 days | 1,932 sqft |
| 2021-02-01 | 0 days | 1,949 sqft |
| 2021-03-01 | 0 days | 1,971 sqft |
| 2021-04-01 | 0 days | 1,973 sqft |
| 2021-05-01 | 0 days | 1,984 sqft |
| 2021-06-01 | 0 days | 2,016 sqft |
| 2021-07-01 | 0 days | 1,996 sqft |
| 2021-08-01 | 0 days | 1,980 sqft |
| 2021-09-01 | 0 days | 1,953 sqft |
| 2021-10-01 | 0 days | 2,016 sqft |
| 2021-11-01 | 0 days | 1,963 sqft |
| 2021-12-01 | 0 days | 1,967 sqft |
| 2022-01-01 | 0 days | 1,978 sqft |
| 2022-02-01 | 0 days | 2,112 sqft |
| 2022-03-01 | 0 days | 2,142 sqft |
| 2022-04-01 | 0 days | 2,082 sqft |
| 2022-05-01 | 0 days | 2,091 sqft |
| 2022-06-01 | 0 days | 1,980 sqft |
| 2022-07-01 | 0 days | 2,016 sqft |
| 2022-08-01 | 0 days | 2,109 sqft |
| 2022-09-01 | 0 days | 2,104 sqft |
| 2022-10-01 | 0 days | 1,992 sqft |
| 2022-11-01 | 0 days | 1,981 sqft |
| 2022-12-01 | 0 days | 1,976 sqft |
| 2023-01-01 | 0 days | 1,966 sqft |
| 2023-02-01 | 0 days | 2,120 sqft |
| 2023-03-01 | 0 days | 2,187 sqft |
| 2023-04-01 | 0 days | 2,224 sqft |
| 2023-05-01 | 0 days | 2,368 sqft |
| 2023-06-01 | 0 days | 2,456 sqft |
| 2023-07-01 | 0 days | 2,314 sqft |
| 2023-08-01 | 0 days | 2,285 sqft |
| 2023-09-01 | 0 days | 2,280 sqft |
| 2023-10-01 | 0 days | 2,122 sqft |
| 2023-11-01 | 0 days | 2,065 sqft |
| 2023-12-01 | 0 days | 2,100 sqft |
| 2024-01-01 | 0 days | 2,122 sqft |
| 2024-02-01 | 0 days | 2,125 sqft |
| 2024-03-01 | 0 days | 2,115 sqft |
Rock Springs's median square footage for active listings during the 2024-03-01 period was 2,115 sqft. One year prior, the average listing was 2,187 sqft.