Sterling USDA Loan Rates, Closing Costs & Stats

Sterling, CO

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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.

    Sterling's 3 lenders originated 4 USDA loans during 2023. The total origination value was $930,000, with an average USDA loan value of $232,500.

    Sterling USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sterling averaged 6.83% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Sterling's average USDA mortgage closing costs are $5,057.

    The average rate for the prior week (2024-04-12) was 6.58% and one month ago for the week of 2024-03-15, the average rate was 6.47%.

    The average rate one year ago was 6.61%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

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

    Sterling 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 Sterling level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    AMCAP MORTGAGE, LTD. 1 6.88% $12,418
    Equity Prime Mortgage LLC 1 7.75% $12,750
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.25% $3,111

    The top Sterling USDA lender as defined by loan originations is AMCAP MORTGAGE, LTD., with 1 USDA loans originated. Their average total fees are $12,418, which is $332 lower than the next largest lender, Equity Prime Mortgage LLC.

    The lowest fee Sterling USDA lenders (with over 10 loans originated) are .

    The lowest rate Sterling USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sterling (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 $199,425 (58.3%) $196,739 (21.5%) 0.00 30
    2018-02-01 $212,500 (79.4%) $216,106 (40.2%) 0.00 31
    2018-03-01 $199,900 (63.3%) $196,103 (24.0%) 0.00 34
    2018-04-01 $207,225 (41.1%) $212,913 (16.7%) 0.00 36
    2018-05-01 $208,250 (31.0%) $219,266 (22.0%) 0.00 40
    2018-06-01 $202,500 (15.8%) $232,046 (17.3%) 0.00 37
    2018-07-01 $198,675 (17.6%) $214,692 (12.5%) 0.00 27
    2018-08-01 $179,500 (13.3%) $204,364 (11.1%) 0.00 32
    2018-09-01 $175,000 (4.8%) $197,047 (5.7%) 0.00 34
    2018-10-01 $202,750 (22.5%) $221,000 (14.7%) 0.00 29
    2018-11-01 $192,475 (21.0%) $217,254 (13.5%) 0.00 36
    2018-12-01 $175,000 (-12.5%) $199,298 (2.7%) 0.00 32
    2019-01-01 $175,950 (-11.8%) $207,411 (5.4%) 0.00 34
    2019-02-01 $196,850 (-7.4%) $205,284 (-5.0%) 0.00 38
    2019-03-01 $189,664 (-5.1%) $204,596 (4.3%) 0.00 39
    2019-04-01 $186,950 (-9.8%) $205,875 (-3.3%) 0.00 43
    2019-05-01 $180,000 (-13.6%) $208,898 (-4.7%) 0.00 42
    2019-06-01 $175,000 (-13.6%) $206,475 (-11.0%) 0.00 49
    2019-07-01 $164,875 (-17.0%) $186,586 (-13.1%) 0.00 48
    2019-08-01 $178,418 (-0.6%) $218,243 (6.8%) 0.00 50
    2019-09-01 $201,245 (15.0%) $271,158 (37.6%) 0.00 46
    2019-10-01 $218,500 (7.8%) $308,514 (39.6%) 0.00 43
    2019-11-01 $220,000 (14.3%) $310,747 (43.0%) 0.00 40
    2019-12-01 $223,500 (27.7%) $337,942 (69.6%) 0.00 37
    2020-01-01 $224,500 (27.6%) $310,846 (49.9%) 0.00 37
    2020-02-01 $225,000 (14.3%) $267,696 (30.4%) 0.00 36
    2020-03-01 $234,000 (23.4%) $266,327 (30.2%) 0.00 36
    2020-04-01 $225,975 (20.9%) $349,290 (69.7%) 0.00 33
    2020-05-01 $235,000 (30.6%) $377,033 (80.5%) 0.00 30
    2020-06-01 $239,900 (37.1%) $421,905 (104.3%) 0.00 29
    2020-07-01 $211,200 (28.1%) $393,056 (110.7%) 0.00 28
    2020-08-01 $199,000 (11.5%) $360,509 (65.2%) 0.00 35
    2020-09-01 $214,000 (6.3%) $291,631 (7.6%) 0.00 38
    2020-10-01 $210,000 (-3.9%) $280,164 (-9.2%) 0.00 35
    2020-11-01 $216,250 (-1.7%) $302,297 (-2.7%) 0.00 28
    2020-12-01 $219,950 (-1.6%) $310,776 (-8.0%) 0.00 22
    2021-01-01 $227,400 (1.3%) $330,596 (6.4%) 0.00 20
    2021-02-01 $192,500 (-14.4%) $255,887 (-4.4%) 0.00 19
    2021-03-01 $207,500 (-11.3%) $248,855 (-6.6%) 0.00 20
    2021-04-01 $192,000 (-15.0%) $254,463 (-27.2%) 0.00 16
    2021-05-01 $249,900 (6.3%) $282,565 (-25.1%) 0.00 13
    2021-06-01 $257,975 (7.5%) $277,453 (-34.2%) 0.00 16
    2021-07-01 $249,450 (18.1%) $267,488 (-32.0%) 0.00 27
    2021-08-01 $249,975 (25.6%) $293,301 (-18.6%) 0.00 31
    2021-09-01 $248,125 (16.0%) $309,554 (6.2%) 0.00 29
    2021-10-01 $254,000 (21.0%) $329,329 (17.6%) 0.00 29
    2021-11-01 $199,450 (-7.8%) $388,655 (28.6%) 0.00 32
    2021-12-01 $224,975 (2.3%) $309,953 (-0.3%) 0.00 51
    2022-01-01 $202,500 (-11.0%) $247,893 (-25.0%) 0.00 25
    2022-02-01 $188,350 (-2.2%) $225,144 (-12.0%) 0.00 25
    2022-03-01 $181,875 (-12.4%) $231,882 (-6.8%) 0.00 27
    2022-04-01 $197,200 (2.7%) $256,363 (0.8%) 0.00 18
    2022-05-01 $232,000 (-7.2%) $286,865 (1.5%) 0.00 20
    2022-06-01 $231,250 (-10.4%) $309,099 (11.4%) 0.00 33
    2022-07-01 $225,000 (-9.8%) $290,584 (8.6%) 0.00 51
    2022-08-01 $228,061 (-8.8%) $291,925 (-0.5%) 0.00 65
    2022-09-01 $239,500 (-3.5%) $310,144 (0.2%) 0.00 58
    2022-10-01 $266,950 (5.1%) $335,974 (2.0%) 0.00 61
    2022-11-01 $252,400 (26.6%) $322,841 (-16.9%) 0.00 65
    2022-12-01 $249,900 (11.1%) $310,175 (0.1%) 0.00 56
    2023-01-01 $259,950 (28.4%) $350,480 (41.4%) 0.00 50
    2023-02-01 $254,300 (35.0%) $348,513 (54.8%) 0.00 47
    2023-03-01 $223,500 (22.9%) $326,806 (40.9%) 0.00 49
    2023-04-01 $245,000 (24.2%) $328,679 (28.2%) 0.00 56
    2023-05-01 $249,725 (7.6%) $349,205 (21.7%) 0.00 54
    2023-06-01 $277,500 (20.0%) $351,199 (13.6%) 0.00 51
    2023-07-01 $299,000 (32.9%) $316,996 (9.1%) 0.00 59
    2023-08-01 $316,750 (38.9%) $361,234 (23.7%) 0.00 67
    2023-09-01 $311,500 (30.1%) $361,518 (16.6%) 0.00 67
    2023-10-01 $311,225 (16.6%) $359,015 (6.9%) 0.00 73
    2023-11-01 $302,475 (19.8%) $355,750 (10.2%) 0.00 73
    2023-12-01 $299,950 (20.0%) $349,982 (12.8%) 0.00 69
    2024-01-01 $311,175 (19.7%) $329,182 (-6.1%) 0.00 55
    2024-02-01 $298,750 (17.5%) $319,965 (-8.2%) 0.00 50
    2024-03-01 $289,450 (29.5%) $326,048 (-0.2%) 0.00 55
    Sterling's median listing price for 2024-03-01 was $289,450, a difference of $65,950 (29.5%) versus the prior year and $-9,300 versus the prior month.

    Sterling's median listing price comes in at 0% of the national average.

    Sterling's average listing price for 2024-03-01 was $326,048, a difference of $-758 (-0.2%) versus the prior year and $6,083 versus the prior month.

    For the 2024-03-01 period, Sterling had 55 MLS listings, a difference of 5 listings (10%) versus the prior month and 6 listings (12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sterling (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,067 sqft
    2018-02-01 0 days 2,060 sqft
    2018-03-01 0 days 2,142 sqft
    2018-04-01 0 days 2,234 sqft
    2018-05-01 0 days 2,253 sqft
    2018-06-01 0 days 2,231 sqft
    2018-07-01 0 days 2,171 sqft
    2018-08-01 0 days 2,088 sqft
    2018-09-01 0 days 1,992 sqft
    2018-10-01 0 days 1,954 sqft
    2018-11-01 0 days 2,190 sqft
    2018-12-01 0 days 2,094 sqft
    2019-01-01 0 days 2,069 sqft
    2019-02-01 0 days 2,042 sqft
    2019-03-01 0 days 2,104 sqft
    2019-04-01 0 days 2,159 sqft
    2019-05-01 0 days 2,018 sqft
    2019-06-01 0 days 2,020 sqft
    2019-07-01 0 days 1,940 sqft
    2019-08-01 0 days 1,907 sqft
    2019-09-01 0 days 2,057 sqft
    2019-10-01 0 days 2,157 sqft
    2019-11-01 0 days 2,208 sqft
    2019-12-01 0 days 2,208 sqft
    2020-01-01 0 days 2,022 sqft
    2020-02-01 0 days 2,195 sqft
    2020-03-01 0 days 2,091 sqft
    2020-04-01 0 days 1,966 sqft
    2020-05-01 0 days 2,006 sqft
    2020-06-01 0 days 2,301 sqft
    2020-07-01 0 days 1,703 sqft
    2020-08-01 0 days 1,725 sqft
    2020-09-01 0 days 1,756 sqft
    2020-10-01 0 days 1,725 sqft
    2020-11-01 0 days 1,990 sqft
    2020-12-01 0 days 2,110 sqft
    2021-01-01 0 days 1,914 sqft
    2021-02-01 0 days 1,490 sqft
    2021-03-01 0 days 1,614 sqft
    2021-04-01 0 days 1,610 sqft
    2021-05-01 0 days 2,153 sqft
    2021-06-01 0 days 1,940 sqft
    2021-07-01 0 days 1,975 sqft
    2021-08-01 0 days 2,147 sqft
    2021-09-01 0 days 2,107 sqft
    2021-10-01 0 days 2,115 sqft
    2021-11-01 0 days 1,915 sqft
    2021-12-01 0 days 1,908 sqft
    2022-01-01 0 days 1,572 sqft
    2022-02-01 0 days 1,624 sqft
    2022-03-01 0 days 1,521 sqft
    2022-04-01 0 days 1,614 sqft
    2022-05-01 0 days 1,586 sqft
    2022-06-01 0 days 1,546 sqft
    2022-07-01 0 days 1,579 sqft
    2022-08-01 0 days 1,678 sqft
    2022-09-01 0 days 1,847 sqft
    2022-10-01 0 days 1,866 sqft
    2022-11-01 0 days 1,834 sqft
    2022-12-01 0 days 1,744 sqft
    2023-01-01 0 days 1,815 sqft
    2023-02-01 0 days 1,729 sqft
    2023-03-01 0 days 1,489 sqft
    2023-04-01 0 days 1,506 sqft
    2023-05-01 0 days 1,761 sqft
    2023-06-01 0 days 1,817 sqft
    2023-07-01 0 days 2,056 sqft
    2023-08-01 0 days 2,080 sqft
    2023-09-01 0 days 2,058 sqft
    2023-10-01 0 days 2,007 sqft
    2023-11-01 0 days 2,057 sqft
    2023-12-01 0 days 2,056 sqft
    2024-01-01 0 days 2,158 sqft
    2024-02-01 0 days 2,092 sqft
    2024-03-01 0 days 1,988 sqft
    Sterling's median listing age (time on market) for 2024-03-01 was 0 days.

    Sterling's median square footage for active listings during the 2024-03-01 period was 1,988 sqft. One year prior, the average listing was 1,489 sqft.