St. George USDA Loan Rates, Closing Costs & Stats

ST. GEORGE, 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.

St. George's 23 lenders originated 61 USDA loans during 2021. The total origination value was $20,025,000, with an average USDA loan value of $328,279.

St. George USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in St. George averaged 6.21% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

St. George's average USDA mortgage closing costs are $6,358.

The average rate for the prior week (2023-01-20) was 6.1% and one month ago for the week of 2022-12-23, the average rate was 6.23%.

The average rate one year ago was 3.78%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.87%.

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

St. George 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 St. George level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
BROKER SOLUTIONS, INC. 11 2.85% $8,034
SUN AMERICAN MORTGAGE COMPANY 6 2.54% $6,688
BAY EQUITY LLC 5 2.85% $10,533
FIRST COLONY MORTGAGE CORPORATION 4 2.59% $4,338
VERITAS FUNDING, LLC 3 2.67% $6,424
CALIBER HOME LOANS, INC. 3 2.68% $5,770
CHERRY CREEK MORTGAGE, LLC 3 3.17% $5,314
INTERCAP LENDING INC. 3 2.83% $8,729
SECURITYNATIONAL MORTGAGE COMPANY 3 2.71% $7,194
AMERICAN FINANCIAL NETWORK, INC. 2 2.50% $6,821
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.06% $7,666
GUILD MORTGAGE COMPANY 1 2.63% $5,529
HOME POINT FINANCIAL CORPORATION 1 3.13% $3,288
HOMESIDE FINANCIAL, LLC 1 2.75% $6,887
AMERICA FIRST 1 2.25% $6,918
MOUNTAIN AMERICA 1 2.25% $9,835
NEWREZ LLC 1 2.88% $5,872
Paramount Residential Mortgage Group, Inc. 1 2.75% $7,517
Cache Valley Bank 1 2.50% $4,864
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.25% $9,143
ACADEMY MORTGAGE CORPORATION 1 3.00% $6,415
CELEBRITY HOME LOANS, LLC 1 3.00% $7,793
CITYWIDE HOME LOANS, LLC 1 2.88% $9,203

The top St. George USDA lender as defined by loan originations is BROKER SOLUTIONS, INC., with 11 USDA loans originated. Their average total fees are $8,034, which is $1,345 higher than the next largest lender, SUN AMERICAN MORTGAGE COMPANY.

The lowest fee St. George USDA lenders (with over 10 loans originated) are BROKER SOLUTIONS, INC. ($8,034), .

The lowest rate St. George USDA lenders (with over 10 loans originated) are BROKER SOLUTIONS, INC. (2.85%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - St. George (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 $364,950 (6.6%) $468,710 (0.7%) 0.00 1,049
2018-02-01 $379,450 (8.5%) $538,718 (14.9%) 0.00 1,149
2018-03-01 $379,900 (8.6%) $537,314 (16.3%) 0.00 1,142
2018-04-01 $390,875 (11.7%) $561,402 (21.9%) 0.00 1,072
2018-05-01 $396,250 (6.4%) $556,838 (6.9%) 0.00 1,053
2018-06-01 $389,000 (4.6%) $541,935 (4.8%) 0.00 1,064
2018-07-01 $381,942 (6.1%) $541,181 (6.3%) 0.00 1,098
2018-08-01 $388,900 (6.7%) $478,965 (-6.5%) 0.00 1,119
2018-09-01 $386,173 (5.8%) $495,232 (-3.6%) 0.00 1,198
2018-10-01 $379,900 (6.9%) $484,825 (6.0%) 0.00 1,294
2018-11-01 $377,561 (7.3%) $477,462 (4.6%) 0.00 1,326
2018-12-01 $379,950 (4.5%) $479,560 (2.8%) 0.00 1,246
2019-01-01 $379,950 (4.1%) $479,747 (2.4%) 0.00 1,210
2019-02-01 $397,000 (4.6%) $493,515 (-8.4%) 0.00 1,367
2019-03-01 $399,900 (5.3%) $499,491 (-7.0%) 0.00 1,410
2019-04-01 $399,900 (2.3%) $495,773 (-11.7%) 0.00 1,381
2019-05-01 $399,900 (0.9%) $501,492 (-9.9%) 0.00 1,263
2019-06-01 $399,900 (2.8%) $502,356 (-7.3%) 0.00 1,238
2019-07-01 $409,175 (7.1%) $2,163,622 (299.8%) 0.00 1,189
2019-08-01 $406,664 (4.6%) $1,746,928 (264.7%) 0.00 1,219
2019-09-01 $402,634 (4.3%) $1,048,456 (111.7%) 0.00 1,300
2019-10-01 $400,197 (5.3%) $520,365 (7.3%) 0.00 1,340
2019-11-01 $418,135 (10.8%) $527,997 (10.6%) 0.00 1,222
2019-12-01 $427,500 (12.5%) $536,245 (11.8%) 0.00 1,177
2020-01-01 $429,675 (13.1%) $538,896 (12.3%) 0.00 1,164
2020-02-01 $429,900 (8.3%) $553,071 (12.1%) 0.00 1,236
2020-03-01 $439,948 (10.0%) $570,521 (14.2%) 0.00 1,252
2020-04-01 $444,450 (11.1%) $560,885 (13.1%) 0.00 1,341
2020-05-01 $439,900 (10.0%) $569,295 (13.5%) 0.00 1,215
2020-06-01 $444,970 (11.3%) $586,768 (16.8%) 0.00 976
2020-07-01 $454,250 (11.0%) $603,431 (-72.1%) 0.00 822
2020-08-01 $456,475 (12.3%) $641,908 (-63.3%) 0.00 669
2020-09-01 $469,950 (16.7%) $678,874 (-35.3%) 0.00 607
2020-10-01 $500,000 (24.9%) $758,179 (45.7%) 0.00 516
2020-11-01 $529,925 (26.7%) $830,935 (57.4%) 0.00 463
2020-12-01 $539,450 (26.2%) $827,443 (54.3%) 0.00 416
2021-01-01 $549,500 (27.9%) $837,798 (55.5%) 0.00 315
2021-02-01 $589,864 (37.2%) $844,813 (52.8%) 0.00 290
2021-03-01 $612,450 (39.2%) $833,831 (46.2%) 0.00 262
2021-04-01 $637,697 (43.5%) $838,617 (49.5%) 0.00 257
2021-05-01 $650,000 (47.8%) $886,132 (55.7%) 0.00 321
2021-06-01 $649,950 (46.1%) $1,267,726 (116.1%) 0.00 415
2021-07-01 $644,950 (42.0%) $1,161,837 (92.5%) 0.00 525
2021-08-01 $625,000 (36.9%) $1,101,619 (71.6%) 0.00 594
2021-09-01 $630,872 (34.2%) $998,900 (47.1%) 0.00 682
2021-10-01 $620,450 (24.1%) $989,958 (30.6%) 0.00 704
2021-11-01 $634,500 (19.7%) $1,014,471 (22.1%) 0.00 620
2021-12-01 $659,950 (22.3%) $1,098,590 (32.8%) 0.00 508
2022-01-01 $725,000 (31.9%) $1,212,441 (44.7%) 0.00 402
2022-02-01 $770,000 (30.5%) $1,272,967 (50.7%) 0.00 372
2022-03-01 $788,475 (28.7%) $1,249,020 (49.8%) 0.00 434
2022-04-01 $780,000 (22.3%) $984,437 (17.4%) 0.00 476
2022-05-01 $767,400 (18.1%) $951,211 (7.3%) 0.00 679
2022-06-01 $739,950 (13.9%) $900,846 (-28.9%) 0.00 869
2022-07-01 $699,900 (8.5%) $847,841 (-27.0%) 0.00 1,104
2022-08-01 $667,400 (6.8%) $799,754 (-27.4%) 0.00 1,249
2022-09-01 $657,000 (4.1%) $787,958 (-21.1%) 0.00 1,296
2022-10-01 $649,900 (4.8%) $778,860 (-21.3%) 0.00 1,378
2022-11-01 $649,450 (2.4%) $776,251 (-23.5%) 0.00 1,382
2022-12-01 $649,500 (-1.6%) $779,334 (-29.1%) 0.00 1,322
St. George's median listing price for 2022-12-01 was $649,500, a difference of $-10,450 (-1.6%) versus the prior year and $50 versus the prior month.

St. George's median listing price comes in at 0% of the national average.

St. George's average listing price for 2022-12-01 was $779,334, a difference of $-319,256 (-29.1%) versus the prior year and $3,083 versus the prior month.

For the 2022-12-01 period, St. George had 1,322 MLS listings, a difference of -60 listings (-4%) versus the prior month and 814 listings (160%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - St. George (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,241 sqft
2018-02-01 0 days 2,281 sqft
2018-03-01 0 days 2,258 sqft
2018-04-01 0 days 2,292 sqft
2018-05-01 0 days 2,293 sqft
2018-06-01 0 days 2,249 sqft
2018-07-01 0 days 2,223 sqft
2018-08-01 0 days 2,239 sqft
2018-09-01 0 days 2,246 sqft
2018-10-01 0 days 2,205 sqft
2018-11-01 0 days 2,179 sqft
2018-12-01 0 days 2,184 sqft
2019-01-01 0 days 2,174 sqft
2019-02-01 0 days 2,191 sqft
2019-03-01 0 days 2,246 sqft
2019-04-01 0 days 2,237 sqft
2019-05-01 0 days 2,239 sqft
2019-06-01 0 days 2,200 sqft
2019-07-01 0 days 2,186 sqft
2019-08-01 0 days 2,180 sqft
2019-09-01 0 days 2,173 sqft
2019-10-01 0 days 2,191 sqft
2019-11-01 0 days 2,268 sqft
2019-12-01 0 days 2,293 sqft
2020-01-01 0 days 2,272 sqft
2020-02-01 0 days 2,256 sqft
2020-03-01 0 days 2,307 sqft
2020-04-01 0 days 2,310 sqft
2020-05-01 0 days 2,301 sqft
2020-06-01 0 days 2,307 sqft
2020-07-01 0 days 2,320 sqft
2020-08-01 0 days 2,334 sqft
2020-09-01 0 days 2,355 sqft
2020-10-01 0 days 2,466 sqft
2020-11-01 0 days 2,505 sqft
2020-12-01 0 days 2,503 sqft
2021-01-01 0 days 2,574 sqft
2021-02-01 0 days 2,538 sqft
2021-03-01 0 days 2,463 sqft
2021-04-01 0 days 2,514 sqft
2021-05-01 0 days 2,578 sqft
2021-06-01 0 days 2,527 sqft
2021-07-01 0 days 2,389 sqft
2021-08-01 0 days 2,293 sqft
2021-09-01 0 days 2,319 sqft
2021-10-01 0 days 2,322 sqft
2021-11-01 0 days 2,334 sqft
2021-12-01 0 days 2,459 sqft
2022-01-01 0 days 2,569 sqft
2022-02-01 0 days 2,570 sqft
2022-03-01 0 days 2,558 sqft
2022-04-01 0 days 2,499 sqft
2022-05-01 0 days 2,454 sqft
2022-06-01 0 days 2,358 sqft
2022-07-01 0 days 2,294 sqft
2022-08-01 0 days 2,226 sqft
2022-09-01 0 days 2,218 sqft
2022-10-01 0 days 2,174 sqft
2022-11-01 0 days 2,179 sqft
2022-12-01 0 days 2,174 sqft
St. George's median listing age (time on market) for 2022-12-01 was 0 days.

St. George's median square footage for active listings during the 2022-12-01 period was 2,174 sqft. One year prior, the average listing was 2,459 sqft.