Steamboat Springs USDA Loan Rates, Closing Costs & Stats
Steamboat Springs, CO
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.
Steamboat Springs's 4 lenders originated 7 USDA loans during 2021. The total origination value was $2,455,000, with an average USDA loan value of $350,714.
Steamboat Springs USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Steamboat Springs
averaged
6.09%
for the week of 2023-01-27, compared to the national average (all USDA variants) of
6.195% for the same period.
Steamboat Springs's average USDA mortgage closing costs are $5,469.
The average rate for the prior week (2023-01-20) was
6.08% and
one month ago for the week of 2022-12-23, the
average rate was 6.12%.
The average rate one year ago was 3.77%.
For refis of the same type during the week of 2023-01-27, the average rate
was 5.87%.
Steamboat Springs 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 Steamboat Springs level.
| Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Closing Costs |
|---|---|---|---|
| BAY EQUITY LLC | 3 | 2.75% | $5,824 |
| BROKER SOLUTIONS, INC. | 1 | 2.25% | $6,783 |
| First Savings Bank | 1 | 2.63% | $5,334 |
| Loan Simple, Inc. | 1 | 2.75% | $10,957 |
The top Steamboat Springs USDA lender as defined by loan originations is BAY EQUITY LLC, with
3 USDA loans originated. Their average total fees are
$5,824, which is $959
lower than the next largest lender,
BROKER SOLUTIONS, INC..
The lowest fee Steamboat Springs USDA lenders (with over 10 loans originated) are
.
The lowest rate Steamboat Springs USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Steamboat Springs (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 | $699,000 (17.2%) | $1,257,175 (18.4%) | 0.00 | 340 |
| 2018-02-01 | $705,875 (18.1%) | $1,264,977 (17.7%) | 0.00 | 347 |
| 2018-03-01 | $749,500 (25.8%) | $1,310,317 (25.4%) | 0.00 | 352 |
| 2018-04-01 | $680,000 (13.5%) | $1,266,737 (22.1%) | 0.00 | 367 |
| 2018-05-01 | $699,000 (17.9%) | $1,270,677 (27.2%) | 0.00 | 368 |
| 2018-06-01 | $665,000 (12.8%) | $1,246,681 (23.0%) | 0.00 | 418 |
| 2018-07-01 | $675,000 (14.6%) | $1,254,611 (22.8%) | 0.00 | 472 |
| 2018-08-01 | $696,500 (18.3%) | $1,228,500 (16.5%) | 0.00 | 487 |
| 2018-09-01 | $699,900 (7.8%) | $1,260,824 (11.3%) | 0.00 | 468 |
| 2018-10-01 | $699,000 (5.5%) | $1,274,839 (7.8%) | 0.00 | 450 |
| 2018-11-01 | $699,000 (10.7%) | $1,265,639 (13.1%) | 0.00 | 427 |
| 2018-12-01 | $699,000 (2.4%) | $1,252,381 (1.2%) | 0.00 | 419 |
| 2019-01-01 | $711,750 (1.8%) | $1,252,443 (-0.4%) | 0.00 | 411 |
| 2019-02-01 | $650,000 (-7.9%) | $1,193,626 (-5.6%) | 0.00 | 419 |
| 2019-03-01 | $654,286 (-12.7%) | $1,215,876 (-7.2%) | 0.00 | 410 |
| 2019-04-01 | $653,786 (-3.9%) | $1,221,665 (-3.6%) | 0.00 | 409 |
| 2019-05-01 | $673,750 (-3.6%) | $1,230,001 (-3.2%) | 0.00 | 407 |
| 2019-06-01 | $674,500 (1.4%) | $1,202,101 (-3.6%) | 0.00 | 484 |
| 2019-07-01 | $727,000 (7.7%) | $1,215,091 (-3.2%) | 0.00 | 536 |
| 2019-08-01 | $731,682 (5.1%) | $1,239,031 (0.9%) | 0.00 | 513 |
| 2019-09-01 | $741,705 (6.0%) | $1,284,989 (1.9%) | 0.00 | 471 |
| 2019-10-01 | $754,750 (8.0%) | $1,326,218 (4.0%) | 0.00 | 434 |
| 2019-11-01 | $770,000 (10.2%) | $1,371,511 (8.4%) | 0.00 | 394 |
| 2019-12-01 | $772,500 (10.5%) | $1,425,121 (13.8%) | 0.00 | 360 |
| 2020-01-01 | $780,500 (9.7%) | $1,475,388 (17.8%) | 0.00 | 269 |
| 2020-02-01 | $750,000 (15.4%) | $1,408,472 (18.0%) | 0.00 | 265 |
| 2020-03-01 | $736,000 (12.5%) | $1,300,613 (7.0%) | 0.00 | 287 |
| 2020-04-01 | $636,250 (-2.7%) | $1,207,909 (-1.1%) | 0.00 | 299 |
| 2020-05-01 | $649,000 (-3.7%) | $1,158,993 (-5.8%) | 0.00 | 305 |
| 2020-06-01 | $649,500 (-3.7%) | $1,115,523 (-7.2%) | 0.00 | 368 |
| 2020-07-01 | $690,000 (-5.1%) | $1,206,383 (-0.7%) | 0.00 | 347 |
| 2020-08-01 | $654,500 (-10.6%) | $1,319,374 (6.5%) | 0.00 | 276 |
| 2020-09-01 | $773,500 (4.3%) | $1,394,201 (8.5%) | 0.00 | 255 |
| 2020-10-01 | $829,000 (9.8%) | $1,421,363 (7.2%) | 0.00 | 229 |
| 2020-11-01 | $865,000 (12.3%) | $1,410,332 (2.8%) | 0.00 | 202 |
| 2020-12-01 | $842,500 (9.1%) | $1,472,164 (3.3%) | 0.00 | 186 |
| 2021-01-01 | $862,500 (10.5%) | $1,592,578 (7.9%) | 0.00 | 156 |
| 2021-02-01 | $838,250 (11.8%) | $1,521,405 (8.0%) | 0.00 | 157 |
| 2021-03-01 | $914,750 (24.3%) | $1,666,120 (28.1%) | 0.00 | 151 |
| 2021-04-01 | $885,000 (39.1%) | $1,790,438 (48.2%) | 0.00 | 122 |
| 2021-05-01 | $1,100,000 (69.5%) | $1,757,054 (51.6%) | 0.00 | 128 |
| 2021-06-01 | $877,000 (35.0%) | $1,685,540 (51.1%) | 0.00 | 136 |
| 2021-07-01 | $969,250 (40.5%) | $1,684,380 (39.6%) | 0.00 | 143 |
| 2021-08-01 | $1,096,250 (67.5%) | $1,706,121 (29.3%) | 0.00 | 143 |
| 2021-09-01 | $1,046,750 (35.3%) | $2,014,130 (44.5%) | 0.00 | 149 |
| 2021-10-01 | $1,099,500 (32.6%) | $2,104,830 (48.1%) | 0.00 | 136 |
| 2021-11-01 | $1,337,500 (54.6%) | $2,582,482 (83.1%) | 0.00 | 86 |
| 2021-12-01 | $1,457,000 (72.9%) | $2,925,163 (98.7%) | 0.00 | 82 |
| 2022-01-01 | $1,480,000 (71.6%) | $3,352,628 (110.5%) | 0.00 | 66 |
| 2022-02-01 | $1,437,500 (71.5%) | $3,529,154 (132.0%) | 0.00 | 58 |
| 2022-03-01 | $1,797,500 (96.5%) | $3,474,138 (108.5%) | 0.00 | 64 |
| 2022-04-01 | $1,435,000 (62.2%) | $2,969,432 (65.9%) | 0.00 | 63 |
| 2022-05-01 | $1,164,500 (5.9%) | $2,421,756 (37.8%) | 0.00 | 84 |
| 2022-06-01 | $1,405,750 (60.3%) | $2,361,427 (40.1%) | 0.00 | 132 |
| 2022-07-01 | $1,412,500 (45.7%) | $2,183,354 (29.6%) | 0.00 | 190 |
| 2022-08-01 | $1,314,250 (19.9%) | $1,905,424 (11.7%) | 0.00 | 186 |
| 2022-09-01 | $1,192,000 (13.9%) | $1,956,901 (-2.8%) | 0.00 | 185 |
| 2022-10-01 | $1,060,000 (-3.6%) | $1,769,415 (-15.9%) | 0.00 | 179 |
| 2022-11-01 | $978,750 (-26.8%) | $1,777,386 (-31.2%) | 0.00 | 159 |
| 2022-12-01 | $925,000 (-36.5%) | $1,730,223 (-40.9%) | 0.00 | 149 |
Steamboat Springs's median listing price comes in at 0% of the national average.
Steamboat Springs's average listing price for 2022-12-01 was $1,730,223, a difference of $-1,194,940 (-40.9%) versus the prior year and $-47,163 versus the prior month.
For the 2022-12-01 period, Steamboat Springs had 149 MLS listings, a difference of -10 listings (-6%) versus the prior month and 67 listings (82%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Steamboat Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,292 sqft |
| 2018-02-01 | 0 days | 2,294 sqft |
| 2018-03-01 | 0 days | 2,302 sqft |
| 2018-04-01 | 0 days | 2,227 sqft |
| 2018-05-01 | 0 days | 2,349 sqft |
| 2018-06-01 | 0 days | 2,232 sqft |
| 2018-07-01 | 0 days | 2,236 sqft |
| 2018-08-01 | 0 days | 2,187 sqft |
| 2018-09-01 | 0 days | 2,276 sqft |
| 2018-10-01 | 0 days | 2,215 sqft |
| 2018-11-01 | 0 days | 2,141 sqft |
| 2018-12-01 | 0 days | 2,016 sqft |
| 2019-01-01 | 0 days | 2,016 sqft |
| 2019-02-01 | 0 days | 1,834 sqft |
| 2019-03-01 | 0 days | 1,856 sqft |
| 2019-04-01 | 0 days | 1,901 sqft |
| 2019-05-01 | 0 days | 2,045 sqft |
| 2019-06-01 | 0 days | 2,074 sqft |
| 2019-07-01 | 0 days | 2,182 sqft |
| 2019-08-01 | 0 days | 2,229 sqft |
| 2019-09-01 | 0 days | 2,300 sqft |
| 2019-10-01 | 0 days | 2,347 sqft |
| 2019-11-01 | 0 days | 2,395 sqft |
| 2019-12-01 | 0 days | 2,364 sqft |
| 2020-01-01 | 0 days | 2,370 sqft |
| 2020-02-01 | 0 days | 2,372 sqft |
| 2020-03-01 | 0 days | 2,306 sqft |
| 2020-04-01 | 0 days | 2,106 sqft |
| 2020-05-01 | 0 days | 2,071 sqft |
| 2020-06-01 | 0 days | 2,171 sqft |
| 2020-07-01 | 0 days | 2,216 sqft |
| 2020-08-01 | 0 days | 2,267 sqft |
| 2020-09-01 | 0 days | 2,300 sqft |
| 2020-10-01 | 0 days | 2,290 sqft |
| 2020-11-01 | 0 days | 2,288 sqft |
| 2020-12-01 | 0 days | 2,297 sqft |
| 2021-01-01 | 0 days | 2,371 sqft |
| 2021-02-01 | 0 days | 2,356 sqft |
| 2021-03-01 | 0 days | 2,371 sqft |
| 2021-04-01 | 0 days | 2,470 sqft |
| 2021-05-01 | 0 days | 2,427 sqft |
| 2021-06-01 | 0 days | 2,391 sqft |
| 2021-07-01 | 0 days | 2,540 sqft |
| 2021-08-01 | 0 days | 2,549 sqft |
| 2021-09-01 | 0 days | 2,294 sqft |
| 2021-10-01 | 0 days | 2,307 sqft |
| 2021-11-01 | 0 days | 3,002 sqft |
| 2021-12-01 | 0 days | 3,127 sqft |
| 2022-01-01 | 0 days | 3,024 sqft |
| 2022-02-01 | 0 days | 2,831 sqft |
| 2022-03-01 | 0 days | 3,019 sqft |
| 2022-04-01 | 0 days | 2,545 sqft |
| 2022-05-01 | 0 days | 2,351 sqft |
| 2022-06-01 | 0 days | 2,577 sqft |
| 2022-07-01 | 0 days | 2,409 sqft |
| 2022-08-01 | 0 days | 2,300 sqft |
| 2022-09-01 | 0 days | 2,289 sqft |
| 2022-10-01 | 0 days | 2,069 sqft |
| 2022-11-01 | 0 days | 2,042 sqft |
| 2022-12-01 | 0 days | 2,028 sqft |
Steamboat Springs's median square footage for active listings during the 2022-12-01 period was 2,028 sqft. One year prior, the average listing was 3,127 sqft.