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 10 lenders originated 11 USDA loans during 2022. The total origination value was $3,645,000, with an average USDA loan value of $331,364.
St. George USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in St. George
averaged
6.21%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
St. George's average USDA mortgage closing costs are $6,454.
The average rate for the prior week (2023-05-19) was
6.05% and
one month ago for the week of 2023-04-21, the
average rate was 5.96%.
The average rate one year ago was 4.68%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.28%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|---|---|---|
BROKER SOLUTIONS, INC. | 2 | 4.12% | $8,724 |
Bank of Utah | 1 | 3.88% | $10,743 |
BAY EQUITY LLC | 1 | 3.25% | $11,024 |
CARDINAL FINANCIAL | 1 | 4.25% | $8,282 |
CHERRY CREEK MORTGAGE, LLC | 1 | 3.00% | $9,358 |
FIRST COLONY MORTGAGE CORPORATION | 1 | 5.13% | $10,508 |
GUILD MORTGAGE COMPANY | 1 | 3.13% | $8,247 |
MY MOVE MORTGAGE, LLC | 1 | 4.13% | $4,828 |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 1 | 4.75% | $11,237 |
VERITAS FUNDING, LLC | 1 | 2.88% | $7,898 |
The top St. George USDA lender as defined by loan originations is BROKER SOLUTIONS, INC., with
2 USDA loans originated. Their average total fees are
$8,724, which is $2,020
lower than the next largest lender,
Bank of Utah.
The lowest fee St. George USDA lenders (with over 10 loans originated) are
.
The lowest rate St. George USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - St. George (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | $395,000 (4.0%) | $493,374 (-7.0%) | 0.00 | 1,432 |
2019-04-01 | $399,688 (2.3%) | $495,261 (-11.7%) | 0.00 | 1,372 |
2019-05-01 | $399,900 (0.9%) | $501,703 (-9.9%) | 0.00 | 1,261 |
2019-06-01 | $399,900 (2.8%) | $502,227 (-7.3%) | 0.00 | 1,236 |
2019-07-01 | $409,175 (7.1%) | $2,166,063 (300.3%) | 0.00 | 1,187 |
2019-08-01 | $414,475 (6.6%) | $513,158 (265.1%) | 0.00 | 1,153 |
2019-09-01 | $409,750 (6.1%) | $518,115 (111.9%) | 0.00 | 1,200 |
2019-10-01 | $399,950 (5.3%) | $514,926 (7.3%) | 0.00 | 1,330 |
2019-11-01 | $418,135 (10.8%) | $527,888 (10.6%) | 0.00 | 1,220 |
2019-12-01 | $427,500 (12.5%) | $535,906 (11.8%) | 0.00 | 1,174 |
2020-01-01 | $429,450 (13.0%) | $538,565 (12.3%) | 0.00 | 1,161 |
2020-02-01 | $429,900 (8.3%) | $552,807 (12.0%) | 0.00 | 1,233 |
2020-03-01 | $439,916 (11.4%) | $570,287 (14.2%) | 0.00 | 1,249 |
2020-04-01 | $444,450 (11.2%) | $560,640 (13.1%) | 0.00 | 1,338 |
2020-05-01 | $439,900 (10.0%) | $569,055 (13.4%) | 0.00 | 1,212 |
2020-06-01 | $444,940 (11.3%) | $586,520 (16.8%) | 0.00 | 973 |
2020-07-01 | $454,000 (11.0%) | $603,191 (-72.2%) | 0.00 | 819 |
2020-08-01 | $456,000 (10.0%) | $641,776 (-63.3%) | 0.00 | 666 |
2020-09-01 | $467,500 (14.1%) | $678,244 (-35.4%) | 0.00 | 605 |
2020-10-01 | $500,000 (25.0%) | $758,599 (45.8%) | 0.00 | 513 |
2020-11-01 | $529,900 (26.7%) | $831,809 (57.6%) | 0.00 | 460 |
2020-12-01 | $538,425 (26.0%) | $828,405 (54.6%) | 0.00 | 413 |
2021-01-01 | $549,250 (27.9%) | $839,009 (55.8%) | 0.00 | 312 |
2021-02-01 | $584,832 (36.0%) | $846,219 (53.1%) | 0.00 | 287 |
2021-03-01 | $612,450 (39.2%) | $835,305 (46.5%) | 0.00 | 259 |
2021-04-01 | $635,086 (42.9%) | $840,053 (49.8%) | 0.00 | 254 |
2021-05-01 | $650,000 (47.8%) | $887,800 (56.0%) | 0.00 | 318 |
2021-06-01 | $649,900 (46.1%) | $1,271,950 (116.9%) | 0.00 | 412 |
2021-07-01 | $644,950 (42.1%) | $1,164,227 (93.0%) | 0.00 | 522 |
2021-08-01 | $625,000 (37.1%) | $1,103,523 (72.0%) | 0.00 | 591 |
2021-09-01 | $630,495 (34.9%) | $1,000,160 (47.5%) | 0.00 | 679 |
2021-10-01 | $620,000 (24.0%) | $991,164 (30.7%) | 0.00 | 701 |
2021-11-01 | $633,950 (19.6%) | $1,015,881 (22.1%) | 0.00 | 617 |
2021-12-01 | $659,925 (22.6%) | $1,100,696 (32.9%) | 0.00 | 505 |
2022-01-01 | $725,000 (32.0%) | $1,203,247 (43.4%) | 0.00 | 408 |
2022-02-01 | $770,000 (31.7%) | $1,276,826 (50.9%) | 0.00 | 369 |
2022-03-01 | $788,000 (28.7%) | $1,252,213 (49.9%) | 0.00 | 431 |
2022-04-01 | $779,500 (22.7%) | $986,129 (17.4%) | 0.00 | 473 |
2022-05-01 | $766,175 (17.9%) | $952,299 (7.3%) | 0.00 | 676 |
2022-06-01 | $739,950 (13.9%) | $901,552 (-29.1%) | 0.00 | 866 |
2022-07-01 | $699,900 (8.5%) | $848,270 (-27.1%) | 0.00 | 1,101 |
2022-08-01 | $667,400 (6.8%) | $800,015 (-27.5%) | 0.00 | 1,247 |
2022-09-01 | $656,475 (4.1%) | $788,189 (-21.2%) | 0.00 | 1,293 |
2022-10-01 | $649,900 (4.8%) | $779,072 (-21.4%) | 0.00 | 1,375 |
2022-11-01 | $649,450 (2.4%) | $776,455 (-23.6%) | 0.00 | 1,379 |
2022-12-01 | $649,500 (-1.6%) | $779,550 (-29.2%) | 0.00 | 1,319 |
2023-01-01 | $629,975 (-13.1%) | $770,741 (-35.9%) | 0.00 | 1,231 |
2023-02-01 | $658,613 (-14.5%) | $824,017 (-35.5%) | 0.00 | 1,269 |
2023-03-01 | $679,900 (-13.7%) | $864,071 (-31.0%) | 0.00 | 1,304 |
2023-04-01 | $675,000 (-13.4%) | $861,970 (0.0%) | 0.00 | 1,230 |
St. George's median listing price comes in at 0% of the national average.
St. George's average listing price for 2023-04-01 was $861,970, a difference of $-124,159 (0.0%) versus the prior year and $-2,101 versus the prior month.
For the 2023-04-01 period, St. George had 1,230 MLS listings, a difference of -74 listings (-6%) versus the prior month and 757 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. LouisDate | 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 | 2,195 sqft |
2019-04-01 | 0 days | 2,232 sqft |
2019-05-01 | 0 days | 2,240 sqft |
2019-06-01 | 0 days | 2,200 sqft |
2019-07-01 | 0 days | 2,186 sqft |
2019-08-01 | 0 days | 2,243 sqft |
2019-09-01 | 0 days | 2,227 sqft |
2019-10-01 | 0 days | 2,203 sqft |
2019-11-01 | 0 days | 2,268 sqft |
2019-12-01 | 0 days | 2,293 sqft |
2020-01-01 | 0 days | 2,271 sqft |
2020-02-01 | 0 days | 2,256 sqft |
2020-03-01 | 0 days | 2,306 sqft |
2020-04-01 | 0 days | 2,309 sqft |
2020-05-01 | 0 days | 2,300 sqft |
2020-06-01 | 0 days | 2,305 sqft |
2020-07-01 | 0 days | 2,319 sqft |
2020-08-01 | 0 days | 2,330 sqft |
2020-09-01 | 0 days | 2,353 sqft |
2020-10-01 | 0 days | 2,464 sqft |
2020-11-01 | 0 days | 2,502 sqft |
2020-12-01 | 0 days | 2,500 sqft |
2021-01-01 | 0 days | 2,569 sqft |
2021-02-01 | 0 days | 2,536 sqft |
2021-03-01 | 0 days | 2,459 sqft |
2021-04-01 | 0 days | 2,499 sqft |
2021-05-01 | 0 days | 2,574 sqft |
2021-06-01 | 0 days | 2,519 sqft |
2021-07-01 | 0 days | 2,389 sqft |
2021-08-01 | 0 days | 2,288 sqft |
2021-09-01 | 0 days | 2,318 sqft |
2021-10-01 | 0 days | 2,322 sqft |
2021-11-01 | 0 days | 2,334 sqft |
2021-12-01 | 0 days | 2,458 sqft |
2022-01-01 | 0 days | 2,568 sqft |
2022-02-01 | 0 days | 2,570 sqft |
2022-03-01 | 0 days | 2,555 sqft |
2022-04-01 | 0 days | 2,498 sqft |
2022-05-01 | 0 days | 2,454 sqft |
2022-06-01 | 0 days | 2,354 sqft |
2022-07-01 | 0 days | 2,293 sqft |
2022-08-01 | 0 days | 2,222 sqft |
2022-09-01 | 0 days | 2,218 sqft |
2022-10-01 | 0 days | 2,173 sqft |
2022-11-01 | 0 days | 2,178 sqft |
2022-12-01 | 0 days | 2,173 sqft |
2023-01-01 | 0 days | 2,153 sqft |
2023-02-01 | 0 days | 2,221 sqft |
2023-03-01 | 0 days | 2,266 sqft |
2023-04-01 | 0 days | 2,270 sqft |
St. George's median square footage for active listings during the 2023-04-01 period was 2,270 sqft. One year prior, the average listing was 2,498 sqft.