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%.

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 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 for 2022-06-01 was $1,375,000, a difference of $522,500 (61.3%) versus the prior year and $235,500 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 2022-06-01 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 listing age (time on market) for 2022-06-01 was 0 days.

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.