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 24 lenders originated 137 USDA loans during 2021. The total origination value was $29,305,000, with an average USDA loan value of $213,905.

Rock Springs USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Rock Springs averaged 5.95% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

Rock Springs's average USDA mortgage closing costs are $5,453.

The average rate for the prior week (2023-01-20) was 5.84% and one month ago for the week of 2022-12-23, the average rate was 6.07%.

The average rate one year ago was 3.72%.

For refis of the same type during the week of 2023-01-27, the average rate was 6.04%.

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

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
CALIBER HOME LOANS, INC. 36 2.75% $4,963
HOME POINT FINANCIAL CORPORATION 17 2.69% $7,292
GUILD MORTGAGE COMPANY 16 2.71% $5,791
Flanagan State Bank 15 3.10% $5,826
Glacier Bank 11 2.55% $5,913
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 3.36% $5,407
U.S. Bank 6 3.17% $6,074
CRESCENT MORTGAGE COMPANY 6 3.10% $6,116
Wells Fargo Bank 4 2.72% $2,952
Flagstar Bank, FSB 3 2.29% $6,274
West Gate Bank 2 2.50% $4,179
Plains Commerce Bank 2 2.81% $4,717
CHERRY CREEK MORTGAGE, LLC 1 3.13% $2,093
HOMESTAR FINANCIAL CORPORATION 1 2.88% $4,856
Carrington Mortgage Services, LLC 1 3.13% $4,276
MOVEMENT MORTGAGE, LLC 1 2.75% $0
PENNYMAC LOAN SERVICES, LLC 1 2.50% $9,509
AMCAP MORTGAGE, LTD. 1 2.88% $6,142
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $5,924
Cache Valley Bank 1 2.50% $4,928
VILLAGE CAPITAL MORTGAGE 1 3.25% $7,004
Wallick & Volk, Inc. 1 2.38% $3,693
Bank of England 1 2.38% $7,354
CORNERSTONE HOME LENDING, INC. 1 3.25% $4,321

The top Rock Springs USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 36 USDA loans originated. Their average total fees are $4,963, which is $2,329 lower than the next largest lender, HOME POINT FINANCIAL CORPORATION.

The lowest fee Rock Springs USDA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. ($4,963), GUILD MORTGAGE COMPANY ($5,791), Flanagan State Bank ($5,826), Glacier Bank ($5,913) and HOME POINT FINANCIAL CORPORATION ($7,292).

The lowest rate Rock Springs USDA lenders (with over 10 loans originated) are Glacier Bank (2.55%), HOME POINT FINANCIAL CORPORATION (2.69%), GUILD MORTGAGE COMPANY (2.71%), CALIBER HOME LOANS, INC. (2.75%) and Flanagan State Bank (3.10%).


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%) $279,727 (9.3%) 0.00 229
2018-06-01 $239,000 (-2.1%) $275,272 (4.6%) 0.00 259
2018-07-01 $239,000 (-2.1%) $271,081 (4.5%) 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 $219,950 (-4.3%) $258,736 (-3.3%) 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%) $260,809 (-6.8%) 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 (5.2%) 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
Rock Springs's median listing price for 2022-12-01 was $255,000, a difference of $28,450 (12.6%) versus the prior year and $12,050 versus the prior month.

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

Rock Springs's average listing price for 2022-12-01 was $359,782, a difference of $116,893 (48.1%) versus the prior year and $9,873 versus the prior month.

For the 2022-12-01 period, Rock Springs had 66 MLS listings, a difference of -4 listings (-6%) versus the prior month and -3 listings (-4%) 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
Rock Springs's median listing age (time on market) for 2022-12-01 was 0 days.

Rock Springs's median square footage for active listings during the 2022-12-01 period was 1,976 sqft. One year prior, the average listing was 1,967 sqft.