St. George USDA Loans

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 5.53% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.11% and one month ago for the week of 2022-04-15, the average rate was 4.81%.

The average rate one year ago was 3.25%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.09%.

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 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. Total Fees
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 $367,400 (5.9%) $479,578 (0.0%) 0.00 1,253
2018-02-01 $379,450 (8.5%) $502,811 (3.9%) 0.00 1,370
2018-03-01 $379,900 (8.6%) $500,815 (4.0%) 0.00 1,373
2018-04-01 $392,450 (9.0%) $523,428 (9.1%) 0.00 1,293
2018-05-01 $399,450 (5.6%) $521,663 (6.7%) 0.00 1,242
2018-06-01 $395,000 (4.7%) $506,474 (5.3%) 0.00 1,277
2018-07-01 $389,900 (5.4%) $507,437 (6.7%) 0.00 1,287
2018-08-01 $394,384 (6.6%) $493,235 (3.4%) 0.00 1,333
2018-09-01 $384,900 (4.1%) $488,426 (2.9%) 0.00 1,450
2018-10-01 $379,900 (5.7%) $471,673 (0.6%) 0.00 1,573
2018-11-01 $377,000 (5.6%) $461,558 (-1.8%) 0.00 1,641
2018-12-01 $379,900 (4.1%) $458,946 (-4.2%) 0.00 1,548
2019-01-01 $381,234 (3.8%) $465,630 (-2.9%) 0.00 1,520
2019-02-01 $394,450 (4.0%) $478,165 (-4.9%) 0.00 1,721
2019-03-01 $399,628 (5.2%) $484,992 (-3.2%) 0.00 1,779
2019-04-01 $399,628 (1.8%) $481,137 (-8.1%) 0.00 1,745
2019-05-01 $400,173 (0.2%) $488,267 (-6.4%) 0.00 1,596
2019-06-01 $409,777 (3.7%) $490,458 (-3.2%) 0.00 1,566
2019-07-01 $415,500 (6.6%) $490,250 (-3.4%) 0.00 1,489
2019-08-01 $411,329 (4.3%) $488,419 (-1.0%) 0.00 1,516
2019-09-01 $401,329 (4.3%) $488,337 (0.0%) 0.00 1,569
2019-10-01 $412,250 (8.5%) $498,725 (5.7%) 0.00 1,672
2019-11-01 $420,900 (11.6%) $515,743 (11.7%) 0.00 1,539
2019-12-01 $437,400 (15.1%) $524,180 (14.2%) 0.00 1,450
2020-01-01 $434,900 (14.1%) $526,741 (13.1%) 0.00 1,440
2020-02-01 $439,000 (11.3%) $539,606 (12.9%) 0.00 1,511
2020-03-01 $445,450 (11.5%) $550,220 (13.5%) 0.00 1,528
2020-04-01 $449,900 (12.6%) $543,839 (13.0%) 0.00 1,670
2020-05-01 $449,900 (12.4%) $551,272 (12.9%) 0.00 1,499
2020-06-01 $452,400 (10.4%) $559,123 (14.0%) 0.00 1,200
2020-07-01 $460,445 (10.8%) $580,217 (18.4%) 0.00 967
2020-08-01 $462,000 (12.3%) $598,971 (22.6%) 0.00 777
2020-09-01 $479,900 (19.6%) $630,849 (29.2%) 0.00 735
2020-10-01 $511,900 (24.2%) $683,444 (37.0%) 0.00 612
2020-11-01 $536,950 (27.6%) $725,801 (40.7%) 0.00 535
2020-12-01 $539,900 (23.4%) $741,284 (41.4%) 0.00 479
2021-01-01 $550,000 (26.5%) $810,140 (53.8%) 0.00 362
2021-02-01 $602,000 (37.1%) $857,710 (59.0%) 0.00 326
2021-03-01 $607,450 (36.4%) $856,243 (55.6%) 0.00 296
2021-04-01 $649,950 (44.5%) $883,576 (62.5%) 0.00 302
2021-05-01 $650,000 (44.5%) $868,897 (57.6%) 0.00 373
2021-06-01 $649,450 (43.6%) $1,157,097 (107.0%) 0.00 497
2021-07-01 $649,950 (41.2%) $1,119,033 (92.9%) 0.00 608
2021-08-01 $635,750 (37.6%) $1,050,020 (75.3%) 0.00 698
2021-09-01 $637,950 (32.9%) $1,034,563 (64.0%) 0.00 832
2021-10-01 $636,900 (24.4%) $1,022,692 (49.6%) 0.00 877
2021-11-01 $644,389 (20.0%) $1,064,661 (46.7%) 0.00 753
2021-12-01 $668,500 (23.8%) $1,153,546 (55.6%) 0.00 626
2022-01-01 $725,000 (31.8%) $1,285,092 (58.6%) 0.00 491
2022-02-01 $765,250 (27.1%) $1,338,360 (56.0%) 0.00 444
2022-03-01 $800,000 (31.7%) $1,309,624 (53.0%) 0.00 527
2022-04-01 $770,000 (18.5%) $962,776 (9.0%) 0.00 565
St. George's median listing price for 2022-04-01 was $770,000, a difference of $120,050 (18.5%) versus the prior year and $-30,000 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 2022-04-01 was $962,776, a difference of $79,200 (9.0%) versus the prior year and $-346,848 versus the prior month.

For the 2022-04-01 period, St. George had 565 MLS listings, a difference of 38 listings (7%) versus the prior month and 263 listings (87%) 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 2,276 sqft
2018-02-01 0 days 2,313 sqft
2018-03-01 0 days 2,297 sqft
2018-04-01 0 days 2,336 sqft
2018-05-01 0 days 2,338 sqft
2018-06-01 0 days 2,293 sqft
2018-07-01 0 days 2,275 sqft
2018-08-01 0 days 2,274 sqft
2018-09-01 0 days 2,268 sqft
2018-10-01 0 days 2,234 sqft
2018-11-01 0 days 2,177 sqft
2018-12-01 0 days 2,174 sqft
2019-01-01 0 days 2,168 sqft
2019-02-01 0 days 2,191 sqft
2019-03-01 0 days 2,249 sqft
2019-04-01 0 days 2,250 sqft
2019-05-01 0 days 2,261 sqft
2019-06-01 0 days 2,220 sqft
2019-07-01 0 days 2,219 sqft
2019-08-01 0 days 2,228 sqft
2019-09-01 0 days 2,210 sqft
2019-10-01 0 days 2,235 sqft
2019-11-01 0 days 2,306 sqft
2019-12-01 0 days 2,343 sqft
2020-01-01 0 days 2,306 sqft
2020-02-01 0 days 2,302 sqft
2020-03-01 0 days 2,311 sqft
2020-04-01 0 days 2,311 sqft
2020-05-01 0 days 2,337 sqft
2020-06-01 0 days 2,348 sqft
2020-07-01 0 days 2,349 sqft
2020-08-01 0 days 2,358 sqft
2020-09-01 0 days 2,415 sqft
2020-10-01 0 days 2,518 sqft
2020-11-01 0 days 2,542 sqft
2020-12-01 0 days 2,511 sqft
2021-01-01 0 days 2,574 sqft
2021-02-01 0 days 2,560 sqft
2021-03-01 0 days 2,524 sqft
2021-04-01 0 days 2,595 sqft
2021-05-01 0 days 2,569 sqft
2021-06-01 0 days 2,538 sqft
2021-07-01 0 days 2,474 sqft
2021-08-01 0 days 2,305 sqft
2021-09-01 0 days 2,333 sqft
2021-10-01 0 days 2,348 sqft
2021-11-01 0 days 2,422 sqft
2021-12-01 0 days 2,513 sqft
2022-01-01 0 days 2,601 sqft
2022-02-01 0 days 2,584 sqft
2022-03-01 0 days 2,581 sqft
2022-04-01 0 days 2,488 sqft
St. George's median listing age (time on market) for 2022-04-01 was 0 days.

St. George's median square footage for active listings during the 2022-04-01 period was 2,488 sqft. One year prior, the average listing was 2,595 sqft.