Salt Lake City USDA Loan Rates, Closing Costs & Stats
SALT LAKE CITY, 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.
Salt Lake City's 2 lenders originated 2 USDA loans during 2024. The total origination value was $810,000, with an average USDA loan value of $405,000.
Salt Lake City USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Salt Lake City
averaged
6.25%
for the week of 2025-05-23, compared to the national average (all USDA variants) of
6.433% for the same period.
Salt Lake City's average USDA mortgage closing costs are $6,895.
The average rate for the prior week (2025-05-16) was
6.28% and
one month ago for the week of 2025-04-18, the
average rate was 6.37%.
The average rate one year ago was 6.83%.
For refis of the same type during the week of 2025-05-23, the average rate
was 6.15%.
Salt Lake City 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 Salt Lake City level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| DIRECT MORTGAGE, CORP. | 1 | 5.99% | $11,569 |
| Sierra Pacific Mortgage Company, Inc. | 1 | 6.13% | $10,032 |
The top Salt Lake City USDA lender as defined by loan originations is DIRECT MORTGAGE, CORP., with
1 USDA loans originated. Their average total fees are
$11,569, which is $1,537
higher than the next largest lender,
Sierra Pacific Mortgage Company, Inc..
The lowest fee Salt Lake City USDA lenders (with over 10 loans originated) are
.
The lowest rate Salt Lake City USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Salt Lake City (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 | $386,923 (8.6%) | $542,664 (2.6%) | 1.43 | 2,087 |
| 2018-02-01 | $389,998 (5.2%) | $553,476 (1.3%) | 1.42 | 1,907 |
| 2018-03-01 | $402,930 (2.7%) | $576,303 (1.3%) | 1.41 | 1,858 |
| 2018-04-01 | $417,447 (5.9%) | $582,077 (1.6%) | 1.42 | 2,034 |
| 2018-05-01 | $423,719 (8.0%) | $585,039 (4.4%) | 1.42 | 2,226 |
| 2018-06-01 | $421,460 (6.9%) | $586,497 (5.7%) | 1.41 | 2,484 |
| 2018-07-01 | $422,765 (8.4%) | $586,104 (9.0%) | 1.41 | 2,629 |
| 2018-08-01 | $405,600 (4.6%) | $561,552 (7.8%) | 1.36 | 2,988 |
| 2018-09-01 | $404,993 (6.6%) | $553,625 (9.5%) | 1.36 | 3,134 |
| 2018-10-01 | $399,317 (6.1%) | $544,099 (8.8%) | 1.35 | 3,331 |
| 2018-11-01 | $399,000 (7.6%) | $538,966 (8.9%) | 1.35 | 3,214 |
| 2018-12-01 | $399,000 (6.4%) | $542,276 (7.0%) | 1.38 | 2,864 |
| 2019-01-01 | $399,767 (3.3%) | $542,462 (0.0%) | 1.38 | 2,586 |
| 2019-02-01 | $409,500 (5.0%) | $558,178 (0.9%) | 1.38 | 2,410 |
| 2019-03-01 | $425,671 (5.6%) | $573,632 (-0.5%) | 1.39 | 2,377 |
| 2019-04-01 | $437,121 (4.7%) | $577,176 (-0.8%) | 1.39 | 2,432 |
| 2019-05-01 | $442,425 (4.4%) | $578,554 (-1.1%) | 1.38 | 2,721 |
| 2019-06-01 | $441,154 (4.7%) | $576,651 (-1.7%) | 1.38 | 2,922 |
| 2019-07-01 | $437,450 (3.5%) | $571,750 (-2.5%) | 1.37 | 2,915 |
| 2019-08-01 | $435,836 (7.5%) | $569,807 (1.5%) | 1.38 | 2,881 |
| 2019-09-01 | $429,741 (6.1%) | $563,916 (1.9%) | 1.38 | 2,863 |
| 2019-10-01 | $425,000 (6.4%) | $564,647 (3.8%) | 1.37 | 2,838 |
| 2019-11-01 | $429,900 (7.7%) | $585,417 (8.6%) | 1.41 | 2,486 |
| 2019-12-01 | $442,450 (10.9%) | $607,559 (12.0%) | 1.48 | 1,965 |
| 2020-01-01 | $446,268 (11.6%) | $627,206 (15.6%) | 1.49 | 1,649 |
| 2020-02-01 | $467,000 (14.0%) | $663,063 (18.8%) | 1.53 | 1,404 |
| 2020-03-01 | $470,475 (10.5%) | $659,355 (14.9%) | 1.47 | 1,573 |
| 2020-04-01 | $446,553 (2.2%) | $600,787 (4.1%) | 1.40 | 2,185 |
| 2020-05-01 | $456,945 (3.3%) | $606,643 (4.9%) | 1.39 | 2,110 |
| 2020-06-01 | $476,225 (8.0%) | $643,883 (11.7%) | 1.40 | 1,853 |
| 2020-07-01 | $482,000 (10.2%) | $670,226 (17.2%) | 1.40 | 1,627 |
| 2020-08-01 | $479,999 (10.1%) | $689,916 (21.1%) | 1.38 | 1,570 |
| 2020-09-01 | $473,600 (10.2%) | $691,909 (22.7%) | 1.36 | 1,486 |
| 2020-10-01 | $479,900 (12.9%) | $710,466 (25.8%) | 1.38 | 1,381 |
| 2020-11-01 | $499,775 (16.3%) | $763,765 (30.5%) | 1.46 | 1,128 |
| 2020-12-01 | $538,032 (21.6%) | $830,051 (36.6%) | 1.60 | 857 |
| 2021-01-01 | $579,900 (29.9%) | $904,593 (44.2%) | 1.73 | 622 |
| 2021-02-01 | $577,350 (23.6%) | $867,737 (30.9%) | 1.68 | 520 |
| 2021-03-01 | $528,630 (12.4%) | $825,159 (25.2%) | 1.50 | 623 |
| 2021-04-01 | $549,850 (23.1%) | $823,945 (37.1%) | 1.49 | 652 |
| 2021-05-01 | $570,000 (24.7%) | $775,676 (27.9%) | 1.51 | 715 |
| 2021-06-01 | $566,950 (19.1%) | $759,297 (17.9%) | 1.49 | 898 |
| 2021-07-01 | $559,079 (16.0%) | $761,462 (13.6%) | 1.48 | 1,105 |
| 2021-08-01 | $562,800 (17.3%) | $744,267 (7.9%) | 1.50 | 1,271 |
| 2021-09-01 | $542,450 (14.5%) | $723,946 (4.6%) | 1.45 | 1,389 |
| 2021-10-01 | $539,900 (12.5%) | $726,706 (2.3%) | 1.44 | 1,339 |
| 2021-11-01 | $552,400 (10.5%) | $739,404 (-3.2%) | 1.48 | 1,065 |
| 2021-12-01 | $563,970 (4.8%) | $742,234 (-10.6%) | 1.53 | 686 |
| 2022-01-01 | $565,000 (-2.6%) | $732,575 (-19.0%) | 1.53 | 489 |
| 2022-02-01 | $555,000 (-3.9%) | $749,310 (-13.7%) | 1.44 | 472 |
| 2022-03-01 | $582,500 (10.2%) | $770,003 (-6.7%) | 1.46 | 572 |
| 2022-04-01 | $624,950 (13.7%) | $764,139 (-7.3%) | 1.49 | 764 |
| 2022-05-01 | $637,500 (11.8%) | $784,861 (1.2%) | 1.46 | 1,329 |
| 2022-06-01 | $632,450 (11.6%) | $782,387 (3.0%) | 1.41 | 1,854 |
| 2022-07-01 | $615,000 (10.0%) | $753,832 (-1.0%) | 1.39 | 2,544 |
| 2022-08-01 | $598,450 (6.3%) | $738,042 (-0.8%) | 1.38 | 2,668 |
| 2022-09-01 | $580,250 (7.0%) | $735,074 (1.5%) | 1.36 | 2,715 |
| 2022-10-01 | $574,900 (6.5%) | $719,675 (-1.0%) | 1.35 | 2,918 |
| 2022-11-01 | $550,000 (-0.4%) | $715,491 (-3.2%) | 1.32 | 2,779 |
| 2022-12-01 | $549,945 (-2.5%) | $716,621 (-3.5%) | 1.36 | 2,289 |
| 2023-01-01 | $559,125 (-1.0%) | $729,539 (-0.4%) | 1.39 | 1,947 |
| 2023-02-01 | $569,950 (2.7%) | $746,243 (-0.4%) | 1.38 | 1,633 |
| 2023-03-01 | $589,975 (1.3%) | $751,748 (-2.4%) | 1.39 | 1,546 |
| 2023-04-01 | $609,481 (-2.5%) | $792,254 (3.7%) | 1.42 | 1,498 |
| 2023-05-01 | $635,000 (-0.4%) | $815,095 (3.9%) | 1.44 | 1,682 |
| 2023-06-01 | $625,233 (-1.1%) | $808,679 (3.4%) | 1.41 | 1,925 |
| 2023-07-01 | $629,000 (2.3%) | $813,345 (7.9%) | 1.43 | 2,055 |
| 2023-08-01 | $605,000 (1.1%) | $795,681 (7.8%) | 1.39 | 2,203 |
| 2023-09-01 | $599,000 (3.2%) | $789,245 (7.4%) | 1.39 | 2,429 |
| 2023-10-01 | $589,075 (2.5%) | $774,337 (7.6%) | 1.39 | 2,561 |
| 2023-11-01 | $579,475 (5.4%) | $765,030 (6.9%) | 1.38 | 2,447 |
| 2023-12-01 | $574,900 (4.5%) | $762,957 (6.5%) | 1.40 | 2,223 |
| 2024-01-01 | $572,425 (2.4%) | $775,484 (6.3%) | 1.40 | 1,862 |
| 2024-02-01 | $569,000 (-0.2%) | $771,147 (3.3%) | 1.37 | 1,740 |
| 2024-03-01 | $579,950 (-1.7%) | $785,386 (4.5%) | 1.36 | 1,717 |
| 2024-04-01 | $598,500 (-1.8%) | $799,762 (1.0%) | 1.39 | 1,933 |
| 2024-05-01 | $615,425 (-3.1%) | $814,455 (-0.1%) | 1.40 | 2,211 |
| 2024-06-01 | $601,900 (-3.7%) | $810,671 (0.3%) | 1.37 | 2,423 |
| 2024-07-01 | $593,425 (-5.7%) | $790,994 (-2.8%) | 1.36 | 2,512 |
| 2024-08-01 | $589,000 (-2.6%) | $779,140 (-2.1%) | 1.37 | 2,718 |
| 2024-09-01 | $580,000 (-3.2%) | $780,246 (-1.1%) | 1.36 | 2,902 |
| 2024-10-01 | $581,200 (-1.3%) | $777,119 (0.4%) | 1.37 | 2,916 |
| 2024-11-01 | $575,000 (-0.8%) | $769,851 (0.6%) | 1.38 | 2,838 |
| 2024-12-01 | $571,950 (-0.5%) | $763,723 (0.1%) | 1.42 | 2,388 |
| 2025-01-01 | $567,495 (-0.9%) | $757,978 (-2.3%) | 1.42 | 2,235 |
| 2025-02-01 | $564,900 (-0.7%) | $756,836 (-1.9%) | 1.37 | 2,224 |
| 2025-03-01 | $565,500 (-2.5%) | $744,971 (-5.2%) | 1.33 | 2,499 |
| 2025-04-01 | $575,000 (-3.9%) | $763,421 (-4.5%) | 1.33 | 2,767 |
Salt Lake City's median listing price comes in at 133% of the national average.
Salt Lake City's average listing price for 2025-04-01 was $763,421, a difference of $-36,341 (-4.5%) versus the prior year and $18,450 versus the prior month.
For the 2025-04-01 period, Salt Lake City had 2,767 MLS listings, a difference of 268 listings (11%) versus the prior month and 834 listings (43%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Salt Lake City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 52 days | 2,796 sqft |
| 2018-02-01 | 41 days | 2,855 sqft |
| 2018-03-01 | 31 days | 2,998 sqft |
| 2018-04-01 | 29 days | 2,987 sqft |
| 2018-05-01 | 26 days | 3,012 sqft |
| 2018-06-01 | 29 days | 2,988 sqft |
| 2018-07-01 | 31 days | 2,936 sqft |
| 2018-08-01 | 30 days | 2,781 sqft |
| 2018-09-01 | 35 days | 2,730 sqft |
| 2018-10-01 | 36 days | 2,649 sqft |
| 2018-11-01 | 43 days | 2,656 sqft |
| 2018-12-01 | 52 days | 2,697 sqft |
| 2019-01-01 | 58 days | 2,705 sqft |
| 2019-02-01 | 50 days | 2,788 sqft |
| 2019-03-01 | 39 days | 2,861 sqft |
| 2019-04-01 | 33 days | 2,935 sqft |
| 2019-05-01 | 31 days | 2,920 sqft |
| 2019-06-01 | 33 days | 2,892 sqft |
| 2019-07-01 | 38 days | 2,845 sqft |
| 2019-08-01 | 39 days | 2,787 sqft |
| 2019-09-01 | 38 days | 2,701 sqft |
| 2019-10-01 | 39 days | 2,661 sqft |
| 2019-11-01 | 45 days | 2,675 sqft |
| 2019-12-01 | 58 days | 2,714 sqft |
| 2020-01-01 | 63 days | 2,796 sqft |
| 2020-02-01 | 39 days | 2,940 sqft |
| 2020-03-01 | 24 days | 2,875 sqft |
| 2020-04-01 | 28 days | 2,695 sqft |
| 2020-05-01 | 36 days | 2,650 sqft |
| 2020-06-01 | 36 days | 2,650 sqft |
| 2020-07-01 | 32 days | 2,593 sqft |
| 2020-08-01 | 29 days | 2,516 sqft |
| 2020-09-01 | 29 days | 2,416 sqft |
| 2020-10-01 | 28 days | 2,394 sqft |
| 2020-11-01 | 31 days | 2,431 sqft |
| 2020-12-01 | 36 days | 2,571 sqft |
| 2021-01-01 | 32 days | 2,552 sqft |
| 2021-02-01 | 14 days | 2,528 sqft |
| 2021-03-01 | 8 days | 2,390 sqft |
| 2021-04-01 | 8 days | 2,346 sqft |
| 2021-05-01 | 9 days | 2,402 sqft |
| 2021-06-01 | 11 days | 2,432 sqft |
| 2021-07-01 | 16 days | 2,437 sqft |
| 2021-08-01 | 19 days | 2,457 sqft |
| 2021-09-01 | 21 days | 2,402 sqft |
| 2021-10-01 | 24 days | 2,402 sqft |
| 2021-11-01 | 25 days | 2,402 sqft |
| 2021-12-01 | 35 days | 2,475 sqft |
| 2022-01-01 | 38 days | 2,475 sqft |
| 2022-02-01 | 25 days | 2,338 sqft |
| 2022-03-01 | 21 days | 2,364 sqft |
| 2022-04-01 | 19 days | 2,402 sqft |
| 2022-05-01 | 19 days | 2,558 sqft |
| 2022-06-01 | 24 days | 2,524 sqft |
| 2022-07-01 | 30 days | 2,473 sqft |
| 2022-08-01 | 37 days | 2,412 sqft |
| 2022-09-01 | 44 days | 2,402 sqft |
| 2022-10-01 | 46 days | 2,394 sqft |
| 2022-11-01 | 53 days | 2,379 sqft |
| 2022-12-01 | 67 days | 2,396 sqft |
| 2023-01-01 | 74 days | 2,411 sqft |
| 2023-02-01 | 62 days | 2,463 sqft |
| 2023-03-01 | 45 days | 2,574 sqft |
| 2023-04-01 | 41 days | 2,674 sqft |
| 2023-05-01 | 36 days | 2,692 sqft |
| 2023-06-01 | 36 days | 2,661 sqft |
| 2023-07-01 | 38 days | 2,630 sqft |
| 2023-08-01 | 42 days | 2,515 sqft |
| 2023-09-01 | 43 days | 2,448 sqft |
| 2023-10-01 | 46 days | 2,417 sqft |
| 2023-11-01 | 54 days | 2,425 sqft |
| 2023-12-01 | 63 days | 2,405 sqft |
| 2024-01-01 | 67 days | 2,404 sqft |
| 2024-02-01 | 54 days | 2,370 sqft |
| 2024-03-01 | 44 days | 2,370 sqft |
| 2024-04-01 | 38 days | 2,415 sqft |
| 2024-05-01 | 37 days | 2,518 sqft |
| 2024-06-01 | 41 days | 2,452 sqft |
| 2024-07-01 | 45 days | 2,406 sqft |
| 2024-08-01 | 46 days | 2,398 sqft |
| 2024-09-01 | 51 days | 2,363 sqft |
| 2024-10-01 | 54 days | 2,362 sqft |
| 2024-11-01 | 57 days | 2,340 sqft |
| 2024-12-01 | 65 days | 2,296 sqft |
| 2025-01-01 | 67 days | 2,301 sqft |
| 2025-02-01 | 58 days | 2,297 sqft |
| 2025-03-01 | 45 days | 2,282 sqft |
| 2025-04-01 | 44 days | 2,323 sqft |
Salt Lake City's median square footage for active listings during the 2025-04-01 period was 2,323 sqft. One year prior, the average listing was 2,415 sqft.