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%.

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

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. Louis
Date 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 for 2025-01-01 was $404,950, a difference of $13,725 (3.5%) versus the prior year and $11,350 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2025-01-01 was 0 days.

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.