Steamboat Springs USDA Loans
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
5.19%
for the week of 2022-08-05, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-07-29) was
5.32% and
one month ago for the week of 2022-07-01, the
average rate was 5.75%.
The average rate one year ago was 3.23%.
For refis of the same type during the week of 2022-08-05, the average rate
was 4.97%.
Steamboat Springs 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 Steamboat Springs level.
| Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
|---|---|---|---|
| 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 | $649,000 (16.1%) | $1,226,352 (24.8%) | 0.00 | 350 |
| 2018-02-01 | $662,000 (19.9%) | $1,251,464 (28.2%) | 0.00 | 352 |
| 2018-03-01 | $675,000 (22.8%) | $1,293,135 (34.9%) | 0.00 | 365 |
| 2018-04-01 | $634,500 (11.5%) | $1,254,282 (30.3%) | 0.00 | 372 |
| 2018-05-01 | $647,000 (17.9%) | $1,265,277 (36.9%) | 0.00 | 373 |
| 2018-06-01 | $625,000 (10.8%) | $1,244,036 (31.4%) | 0.00 | 422 |
| 2018-07-01 | $650,000 (18.2%) | $1,269,507 (33.3%) | 0.00 | 478 |
| 2018-08-01 | $675,000 (23.4%) | $1,254,905 (28.7%) | 0.00 | 488 |
| 2018-09-01 | $695,000 (20.9%) | $1,283,518 (21.3%) | 0.00 | 471 |
| 2018-10-01 | $694,900 (16.4%) | $1,298,905 (17.9%) | 0.00 | 454 |
| 2018-11-01 | $691,950 (11.6%) | $1,291,844 (10.2%) | 0.00 | 432 |
| 2018-12-01 | $679,000 (6.7%) | $1,272,121 (6.8%) | 0.00 | 426 |
| 2019-01-01 | $682,000 (5.1%) | $1,252,381 (2.1%) | 0.00 | 425 |
| 2019-02-01 | $622,450 (-6.0%) | $1,201,332 (-4.0%) | 0.00 | 432 |
| 2019-03-01 | $628,086 (-7.0%) | $1,228,084 (-5.0%) | 0.00 | 419 |
| 2019-04-01 | $618,086 (-2.6%) | $1,236,286 (-1.4%) | 0.00 | 421 |
| 2019-05-01 | $644,450 (-0.4%) | $1,242,861 (-1.8%) | 0.00 | 418 |
| 2019-06-01 | $649,000 (3.8%) | $1,209,910 (-2.7%) | 0.00 | 500 |
| 2019-07-01 | $679,000 (4.5%) | $1,224,690 (-3.5%) | 0.00 | 549 |
| 2019-08-01 | $685,857 (1.6%) | $1,223,857 (-2.5%) | 0.00 | 530 |
| 2019-09-01 | $696,000 (0.1%) | $1,237,015 (-3.6%) | 0.00 | 488 |
| 2019-10-01 | $697,000 (0.3%) | $1,292,031 (-0.5%) | 0.00 | 447 |
| 2019-11-01 | $699,000 (1.0%) | $1,331,133 (3.0%) | 0.00 | 404 |
| 2019-12-01 | $749,750 (10.4%) | $1,390,105 (9.3%) | 0.00 | 363 |
| 2020-01-01 | $747,500 (9.6%) | $1,404,795 (12.2%) | 0.00 | 278 |
| 2020-02-01 | $725,000 (16.5%) | $1,358,305 (13.1%) | 0.00 | 276 |
| 2020-03-01 | $679,500 (8.2%) | $1,242,306 (1.2%) | 0.00 | 302 |
| 2020-04-01 | $599,500 (-3.0%) | $1,184,395 (-4.2%) | 0.00 | 313 |
| 2020-05-01 | $619,900 (-3.8%) | $1,142,294 (-8.1%) | 0.00 | 315 |
| 2020-06-01 | $620,000 (-4.5%) | $1,103,138 (-8.8%) | 0.00 | 376 |
| 2020-07-01 | $657,500 (-3.2%) | $1,184,385 (-3.3%) | 0.00 | 352 |
| 2020-08-01 | $599,900 (-12.5%) | $1,290,228 (5.4%) | 0.00 | 277 |
| 2020-09-01 | $649,500 (-6.7%) | $1,348,364 (9.0%) | 0.00 | 259 |
| 2020-10-01 | $760,000 (9.0%) | $1,360,032 (5.3%) | 0.00 | 231 |
| 2020-11-01 | $814,500 (16.5%) | $1,355,983 (1.9%) | 0.00 | 204 |
| 2020-12-01 | $769,000 (2.6%) | $1,417,326 (2.0%) | 0.00 | 190 |
| 2021-01-01 | $699,000 (-6.5%) | $1,535,434 (9.3%) | 0.00 | 159 |
| 2021-02-01 | $679,950 (-6.2%) | $1,499,508 (10.4%) | 0.00 | 151 |
| 2021-03-01 | $822,000 (21.0%) | $1,659,293 (33.6%) | 0.00 | 144 |
| 2021-04-01 | $852,000 (42.1%) | $1,767,178 (49.2%) | 0.00 | 119 |
| 2021-05-01 | $925,000 (49.2%) | $1,703,251 (49.1%) | 0.00 | 127 |
| 2021-06-01 | $852,500 (37.5%) | $1,642,047 (48.9%) | 0.00 | 135 |
| 2021-07-01 | $924,500 (40.6%) | $1,621,774 (36.9%) | 0.00 | 143 |
| 2021-08-01 | $974,000 (62.4%) | $1,614,324 (25.1%) | 0.00 | 147 |
| 2021-09-01 | $982,500 (51.3%) | $1,865,834 (38.4%) | 0.00 | 148 |
| 2021-10-01 | $950,000 (25.0%) | $1,900,499 (39.7%) | 0.00 | 139 |
| 2021-11-01 | $1,299,500 (59.6%) | $2,286,156 (68.6%) | 0.00 | 90 |
| 2021-12-01 | $1,325,000 (72.3%) | $2,716,950 (91.7%) | 0.00 | 86 |
| 2022-01-01 | $1,299,999 (86.0%) | $3,146,287 (104.9%) | 0.00 | 68 |
| 2022-02-01 | $1,285,000 (89.0%) | $3,195,191 (113.1%) | 0.00 | 61 |
| 2022-03-01 | $1,572,000 (91.2%) | $3,298,556 (98.8%) | 0.00 | 66 |
| 2022-04-01 | $1,375,000 (61.4%) | $2,963,779 (67.7%) | 0.00 | 65 |
| 2022-05-01 | $1,139,500 (23.2%) | $2,502,742 (46.9%) | 0.00 | 82 |
| 2022-06-01 | $1,375,000 (61.3%) | $2,424,303 (47.6%) | 0.00 | 129 |
Steamboat Springs's median listing price comes in at 0% of the national average.
Steamboat Springs's average listing price for 2022-06-01 was $2,424,303, a difference of $782,256 (47.6%) versus the prior year and $-78,439 versus the prior month.
For the 2022-06-01 period, Steamboat Springs had 129 MLS listings, a difference of 47 listings (57%) versus the prior month and -6 listings (-4%) 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 | 2,259 sqft |
| 2018-02-01 | 0 days | 2,278 sqft |
| 2018-03-01 | 0 days | 2,286 sqft |
| 2018-04-01 | 0 days | 2,227 sqft |
| 2018-05-01 | 0 days | 2,339 sqft |
| 2018-06-01 | 0 days | 2,279 sqft |
| 2018-07-01 | 0 days | 2,245 sqft |
| 2018-08-01 | 0 days | 2,218 sqft |
| 2018-09-01 | 0 days | 2,279 sqft |
| 2018-10-01 | 0 days | 2,240 sqft |
| 2018-11-01 | 0 days | 2,179 sqft |
| 2018-12-01 | 0 days | 2,024 sqft |
| 2019-01-01 | 0 days | 2,016 sqft |
| 2019-02-01 | 0 days | 1,868 sqft |
| 2019-03-01 | 0 days | 1,889 sqft |
| 2019-04-01 | 0 days | 1,910 sqft |
| 2019-05-01 | 0 days | 2,007 sqft |
| 2019-06-01 | 0 days | 2,039 sqft |
| 2019-07-01 | 0 days | 2,134 sqft |
| 2019-08-01 | 0 days | 2,208 sqft |
| 2019-09-01 | 0 days | 2,301 sqft |
| 2019-10-01 | 0 days | 2,298 sqft |
| 2019-11-01 | 0 days | 2,311 sqft |
| 2019-12-01 | 0 days | 2,316 sqft |
| 2020-01-01 | 0 days | 2,304 sqft |
| 2020-02-01 | 0 days | 2,316 sqft |
| 2020-03-01 | 0 days | 2,286 sqft |
| 2020-04-01 | 0 days | 2,135 sqft |
| 2020-05-01 | 0 days | 2,102 sqft |
| 2020-06-01 | 0 days | 2,194 sqft |
| 2020-07-01 | 0 days | 2,211 sqft |
| 2020-08-01 | 0 days | 2,229 sqft |
| 2020-09-01 | 0 days | 2,281 sqft |
| 2020-10-01 | 0 days | 2,279 sqft |
| 2020-11-01 | 0 days | 2,272 sqft |
| 2020-12-01 | 0 days | 2,290 sqft |
| 2021-01-01 | 0 days | 2,355 sqft |
| 2021-02-01 | 0 days | 2,327 sqft |
| 2021-03-01 | 0 days | 2,371 sqft |
| 2021-04-01 | 0 days | 2,445 sqft |
| 2021-05-01 | 0 days | 2,427 sqft |
| 2021-06-01 | 0 days | 2,382 sqft |
| 2021-07-01 | 0 days | 2,518 sqft |
| 2021-08-01 | 0 days | 2,540 sqft |
| 2021-09-01 | 0 days | 2,347 sqft |
| 2021-10-01 | 0 days | 2,312 sqft |
| 2021-11-01 | 0 days | 2,916 sqft |
| 2021-12-01 | 0 days | 2,784 sqft |
| 2022-01-01 | 0 days | 2,933 sqft |
| 2022-02-01 | 0 days | 2,707 sqft |
| 2022-03-01 | 0 days | 2,758 sqft |
| 2022-04-01 | 0 days | 2,464 sqft |
| 2022-05-01 | 0 days | 2,356 sqft |
| 2022-06-01 | 0 days | 2,567 sqft |
Steamboat Springs's median square footage for active listings during the 2022-06-01 period was 2,567 sqft. One year prior, the average listing was 2,382 sqft.
