St. George USDA Loans

ST. GEORGE, UT

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.