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%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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 for 2022-12-01 was $925,000, a difference of $-532,000 (-36.5%) versus the prior year and $-53,750 versus the prior month.

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 listing age (time on market) for 2022-12-01 was 0 days.

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.