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 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%.

    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 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. 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 $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 for 2023-04-01 was $675,000, a difference of $-104,500 (-13.4%) versus the prior year and $-4,900 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 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. 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 2,195 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 listing age (time on market) for 2023-04-01 was 0 days.

    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.