Vernal USDA Loan Rates, Closing Costs & Stats
Vernal, UT
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.
Vernal's 5 lenders originated 10 USDA loans during 2023. The total origination value was $2,560,000, with an average USDA loan value of $256,000.
Vernal USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Vernal
averaged
6.42%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Vernal's average USDA mortgage closing costs are $6,350.
The average rate for the prior week (2025-02-07) was
6.58% and
one month ago for the week of 2025-01-10, the
average rate was 6.32%.
The average rate one year ago was 6.32%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.53%.
Vernal 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 Vernal level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
UNITED WHOLESALE MORTGAGE, LLC | 5 | 6.05% | $8,173 |
NEWREZ LLC | 2 | 5.94% | $6,154 |
Century Mortgage Company DBA Century Lending Company | 1 | 7.13% | $10,740 |
FIRST COLONY MORTGAGE CORPORATION | 1 | 5.25% | $3,507 |
Sierra Pacific Mortgage Company, Inc. | 1 | 6.50% | $6,984 |
The top Vernal USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
5 USDA loans originated. Their average total fees are
$8,173, which is $2,019
higher than the next largest lender,
NEWREZ LLC.
The lowest fee Vernal USDA lenders (with over 10 loans originated) are
.
The lowest rate Vernal USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Vernal (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $169,900 (2.3%) | $202,383 (0.6%) | 0.00 | 259 |
2018-02-01 | $175,900 (5.9%) | $208,633 (4.1%) | 0.00 | 251 |
2018-03-01 | $187,250 (13.5%) | $216,863 (8.8%) | 0.00 | 233 |
2018-04-01 | $189,450 (11.8%) | $218,976 (7.2%) | 0.00 | 242 |
2018-05-01 | $209,900 (18.4%) | $231,150 (8.6%) | 0.00 | 247 |
2018-06-01 | $205,000 (11.7%) | $229,188 (4.2%) | 0.00 | 272 |
2018-07-01 | $202,450 (12.9%) | $231,727 (9.9%) | 0.00 | 284 |
2018-08-01 | $199,900 (13.6%) | $227,815 (8.5%) | 0.00 | 297 |
2018-09-01 | $189,000 (8.1%) | $226,913 (9.0%) | 0.00 | 283 |
2018-10-01 | $186,950 (7.2%) | $226,621 (9.5%) | 0.00 | 302 |
2018-11-01 | $190,600 (10.5%) | $225,502 (10.4%) | 0.00 | 294 |
2018-12-01 | $180,000 (3.3%) | $221,052 (7.6%) | 0.00 | 275 |
2019-01-01 | $188,250 (10.8%) | $220,119 (8.8%) | 0.00 | 262 |
2019-02-01 | $189,675 (7.8%) | $220,993 (5.9%) | 0.00 | 240 |
2019-03-01 | $199,979 (6.8%) | $232,693 (7.3%) | 0.00 | 225 |
2019-04-01 | $212,475 (12.2%) | $244,980 (11.9%) | 0.00 | 227 |
2019-05-01 | $219,925 (4.8%) | $251,172 (8.7%) | 0.00 | 255 |
2019-06-01 | $225,000 (9.8%) | $253,631 (10.7%) | 0.00 | 267 |
2019-07-01 | $224,925 (11.1%) | $251,340 (8.5%) | 0.00 | 271 |
2019-08-01 | $214,336 (7.2%) | $243,086 (6.7%) | 0.00 | 266 |
2019-09-01 | $205,991 (9.0%) | $238,161 (5.0%) | 0.00 | 260 |
2019-10-01 | $207,677 (11.1%) | $239,761 (5.8%) | 0.00 | 238 |
2019-11-01 | $215,000 (12.8%) | $242,852 (7.7%) | 0.00 | 214 |
2019-12-01 | $212,750 (18.2%) | $237,873 (7.6%) | 0.00 | 199 |
2020-01-01 | $210,000 (11.6%) | $235,536 (7.0%) | 0.00 | 196 |
2020-02-01 | $215,500 (13.6%) | $242,775 (9.9%) | 0.00 | 201 |
2020-03-01 | $218,700 (9.4%) | $246,681 (6.0%) | 0.00 | 171 |
2020-04-01 | $223,750 (5.3%) | $252,450 (3.1%) | 0.00 | 180 |
2020-05-01 | $209,000 (-5.0%) | $238,545 (-5.0%) | 0.00 | 201 |
2020-06-01 | $209,725 (-6.8%) | $236,215 (-6.9%) | 0.00 | 196 |
2020-07-01 | $207,500 (-7.8%) | $239,248 (-4.8%) | 0.00 | 181 |
2020-08-01 | $199,250 (-7.0%) | $237,251 (-2.4%) | 0.00 | 161 |
2020-09-01 | $191,175 (-7.2%) | $227,818 (-4.3%) | 0.00 | 162 |
2020-10-01 | $175,250 (-15.6%) | $217,488 (-9.3%) | 0.00 | 164 |
2020-11-01 | $168,625 (-21.6%) | $228,548 (-5.9%) | 0.00 | 129 |
2020-12-01 | $175,575 (-17.5%) | $239,349 (0.6%) | 0.00 | 119 |
2021-01-01 | $189,950 (-9.6%) | $247,028 (4.9%) | 0.00 | 110 |
2021-02-01 | $194,200 (-9.9%) | $229,128 (-5.6%) | 0.00 | 109 |
2021-03-01 | $197,500 (-9.7%) | $251,774 (2.1%) | 0.00 | 85 |
2021-04-01 | $199,450 (-10.9%) | $281,720 (11.6%) | 0.00 | 86 |
2021-05-01 | $229,950 (10.0%) | $340,984 (42.9%) | 0.00 | 74 |
2021-06-01 | $266,475 (27.1%) | $375,162 (58.8%) | 0.00 | 65 |
2021-07-01 | $279,900 (34.9%) | $396,679 (65.8%) | 0.00 | 70 |
2021-08-01 | $279,250 (40.2%) | $398,593 (68.0%) | 0.00 | 74 |
2021-09-01 | $265,950 (39.1%) | $365,572 (60.5%) | 0.00 | 87 |
2021-10-01 | $302,450 (72.6%) | $374,247 (72.1%) | 0.00 | 63 |
2021-11-01 | $331,000 (96.3%) | $400,920 (75.4%) | 0.00 | 43 |
2021-12-01 | $314,950 (79.4%) | $379,531 (58.6%) | 0.00 | 42 |
2022-01-01 | $304,950 (60.5%) | $383,185 (55.1%) | 0.00 | 25 |
2022-02-01 | $302,400 (55.7%) | $415,793 (81.5%) | 0.00 | 29 |
2022-03-01 | $322,750 (63.4%) | $458,479 (82.1%) | 0.00 | 28 |
2022-04-01 | $311,950 (56.4%) | $488,474 (73.4%) | 0.00 | 31 |
2022-05-01 | $312,500 (35.9%) | $443,853 (30.2%) | 0.00 | 51 |
2022-06-01 | $347,225 (30.3%) | $458,489 (22.2%) | 0.00 | 49 |
2022-07-01 | $364,950 (30.4%) | $452,536 (14.1%) | 0.00 | 69 |
2022-08-01 | $369,900 (32.5%) | $473,531 (18.8%) | 0.00 | 74 |
2022-09-01 | $405,950 (52.6%) | $503,735 (37.8%) | 0.00 | 63 |
2022-10-01 | $402,450 (33.1%) | $516,325 (38.0%) | 0.00 | 71 |
2022-11-01 | $391,700 (18.3%) | $482,727 (20.4%) | 0.00 | 75 |
2022-12-01 | $399,900 (27.0%) | $473,278 (24.7%) | 0.00 | 66 |
2023-01-01 | $379,125 (24.3%) | $457,088 (19.3%) | 0.00 | 52 |
2023-02-01 | $376,875 (24.6%) | $467,226 (12.4%) | 0.00 | 50 |
2023-03-01 | $381,975 (18.4%) | $487,391 (6.3%) | 0.00 | 38 |
2023-04-01 | $510,000 (63.5%) | $537,470 (10.0%) | 0.00 | 46 |
2023-05-01 | $504,500 (61.4%) | $537,408 (21.1%) | 0.00 | 49 |
2023-06-01 | $471,450 (35.8%) | $548,921 (19.7%) | 0.00 | 62 |
2023-07-01 | $440,000 (20.6%) | $537,936 (18.9%) | 0.00 | 64 |
2023-08-01 | $424,925 (14.9%) | $531,146 (12.2%) | 0.00 | 62 |
2023-09-01 | $405,900 (0.0%) | $538,567 (6.9%) | 0.00 | 79 |
2023-10-01 | $399,900 (-0.6%) | $509,017 (-1.4%) | 0.00 | 93 |
2023-11-01 | $408,175 (4.2%) | $505,157 (4.7%) | 0.00 | 99 |
2023-12-01 | $395,000 (-1.2%) | $497,746 (5.2%) | 0.00 | 93 |
2024-01-01 | $391,225 (3.2%) | $490,322 (7.3%) | 0.00 | 77 |
2024-02-01 | $427,500 (13.4%) | $524,584 (12.3%) | 0.00 | 72 |
2024-03-01 | $484,000 (26.7%) | $531,194 (9.0%) | 0.00 | 69 |
2024-04-01 | $474,500 (-7.0%) | $531,347 (-1.1%) | 0.00 | 69 |
2024-05-01 | $478,500 (-5.2%) | $535,296 (-0.4%) | 0.00 | 84 |
2024-06-01 | $450,000 (-4.6%) | $528,527 (-3.7%) | 0.00 | 95 |
2024-07-01 | $428,500 (-2.6%) | $524,842 (-2.4%) | 0.00 | 113 |
2024-08-01 | $422,500 (-0.6%) | $522,447 (-1.6%) | 0.00 | 121 |
2024-09-01 | $392,000 (-3.4%) | $498,528 (-7.4%) | 0.00 | 123 |
2024-10-01 | $387,500 (-3.1%) | $490,507 (-3.6%) | 0.00 | 124 |
2024-11-01 | $409,500 (0.3%) | $500,919 (-0.8%) | 0.00 | 116 |
2024-12-01 | $393,600 (-0.4%) | $498,375 (0.1%) | 0.00 | 99 |
2025-01-01 | $404,950 (3.5%) | $506,931 (3.4%) | 0.00 | 91 |
Vernal's median listing price comes in at 0% of the national average.
Vernal's average listing price for 2025-01-01 was $506,931, a difference of $16,609 (3.4%) versus the prior year and $8,556 versus the prior month.
For the 2025-01-01 period, Vernal had 91 MLS listings, a difference of -8 listings (-8%) versus the prior month and 14 listings (18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Vernal (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,782 sqft |
2018-02-01 | 0 days | 1,805 sqft |
2018-03-01 | 0 days | 1,836 sqft |
2018-04-01 | 0 days | 1,872 sqft |
2018-05-01 | 0 days | 1,963 sqft |
2018-06-01 | 0 days | 1,950 sqft |
2018-07-01 | 0 days | 1,922 sqft |
2018-08-01 | 0 days | 1,842 sqft |
2018-09-01 | 0 days | 1,815 sqft |
2018-10-01 | 0 days | 1,839 sqft |
2018-11-01 | 0 days | 1,800 sqft |
2018-12-01 | 0 days | 1,695 sqft |
2019-01-01 | 0 days | 1,702 sqft |
2019-02-01 | 0 days | 1,713 sqft |
2019-03-01 | 0 days | 1,846 sqft |
2019-04-01 | 0 days | 1,947 sqft |
2019-05-01 | 0 days | 2,004 sqft |
2019-06-01 | 0 days | 2,080 sqft |
2019-07-01 | 0 days | 2,020 sqft |
2019-08-01 | 0 days | 1,943 sqft |
2019-09-01 | 0 days | 1,903 sqft |
2019-10-01 | 0 days | 1,904 sqft |
2019-11-01 | 0 days | 1,885 sqft |
2019-12-01 | 0 days | 1,906 sqft |
2020-01-01 | 0 days | 1,881 sqft |
2020-02-01 | 0 days | 1,888 sqft |
2020-03-01 | 0 days | 1,860 sqft |
2020-04-01 | 0 days | 1,891 sqft |
2020-05-01 | 0 days | 1,839 sqft |
2020-06-01 | 0 days | 1,838 sqft |
2020-07-01 | 0 days | 1,810 sqft |
2020-08-01 | 0 days | 1,759 sqft |
2020-09-01 | 0 days | 1,615 sqft |
2020-10-01 | 0 days | 1,588 sqft |
2020-11-01 | 0 days | 1,520 sqft |
2020-12-01 | 0 days | 1,506 sqft |
2021-01-01 | 0 days | 1,604 sqft |
2021-02-01 | 0 days | 1,583 sqft |
2021-03-01 | 0 days | 1,616 sqft |
2021-04-01 | 0 days | 1,606 sqft |
2021-05-01 | 0 days | 1,788 sqft |
2021-06-01 | 0 days | 1,952 sqft |
2021-07-01 | 0 days | 1,986 sqft |
2021-08-01 | 0 days | 2,329 sqft |
2021-09-01 | 0 days | 2,002 sqft |
2021-10-01 | 0 days | 2,341 sqft |
2021-11-01 | 0 days | 2,450 sqft |
2021-12-01 | 0 days | 2,340 sqft |
2022-01-01 | 0 days | 1,994 sqft |
2022-02-01 | 0 days | 2,170 sqft |
2022-03-01 | 0 days | 2,224 sqft |
2022-04-01 | 0 days | 1,894 sqft |
2022-05-01 | 0 days | 1,713 sqft |
2022-06-01 | 0 days | 1,928 sqft |
2022-07-01 | 0 days | 2,016 sqft |
2022-08-01 | 0 days | 2,079 sqft |
2022-09-01 | 0 days | 2,324 sqft |
2022-10-01 | 0 days | 2,594 sqft |
2022-11-01 | 0 days | 2,498 sqft |
2022-12-01 | 0 days | 2,568 sqft |
2023-01-01 | 0 days | 2,581 sqft |
2023-02-01 | 0 days | 2,425 sqft |
2023-03-01 | 0 days | 2,526 sqft |
2023-04-01 | 0 days | 2,880 sqft |
2023-05-01 | 0 days | 2,938 sqft |
2023-06-01 | 0 days | 2,745 sqft |
2023-07-01 | 0 days | 2,680 sqft |
2023-08-01 | 0 days | 2,371 sqft |
2023-09-01 | 0 days | 2,399 sqft |
2023-10-01 | 0 days | 2,390 sqft |
2023-11-01 | 0 days | 2,416 sqft |
2023-12-01 | 0 days | 2,382 sqft |
2024-01-01 | 0 days | 2,399 sqft |
2024-02-01 | 0 days | 2,602 sqft |
2024-03-01 | 0 days | 2,736 sqft |
2024-04-01 | 0 days | 2,540 sqft |
2024-05-01 | 0 days | 2,568 sqft |
2024-06-01 | 0 days | 2,376 sqft |
2024-07-01 | 0 days | 2,239 sqft |
2024-08-01 | 0 days | 2,250 sqft |
2024-09-01 | 0 days | 2,142 sqft |
2024-10-01 | 0 days | 2,011 sqft |
2024-11-01 | 0 days | 2,145 sqft |
2024-12-01 | 0 days | 1,954 sqft |
2025-01-01 | 0 days | 1,981 sqft |
Vernal's median square footage for active listings during the 2025-01-01 period was 1,981 sqft. One year prior, the average listing was 2,399 sqft.