St. George USDA Loan Rates, Closing Costs & Stats

ST. GEORGE, UT

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    • 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.