Albuquerque USDA Loan Rates, Closing Costs & Stats
ALBUQUERQUE, NM
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.
Albuquerque's 23 lenders originated 77 USDA loans during 2021. The total origination value was $15,505,000, with an average USDA loan value of $201,364.
Albuquerque USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Albuquerque
averaged
6.26%
for the week of 2023-01-27, compared to the national average (all USDA variants) of
6.195% for the same period.
Albuquerque's average USDA mortgage closing costs are $5,296.
The average rate for the prior week (2023-01-20) was
6.05% and
one month ago for the week of 2022-12-23, the
average rate was 6.28%.
The average rate one year ago was 3.63%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6.1%.
Albuquerque 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 Albuquerque level.
The top Albuquerque USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
15 USDA loans originated. Their average total fees are
$5,555, which is $123
higher than the next largest lender,
PRIMARY RESIDENTIAL MORTGAGE, INC..
The lowest fee Albuquerque USDA lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY ($5,555), .
The lowest rate Albuquerque USDA lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY (3.04%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Albuquerque (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 | $239,000 (3.9%) | $309,398 (2.7%) | 0.89 | 2,764 |
2018-02-01 | $242,900 (2.9%) | $316,882 (4.0%) | 0.88 | 2,688 |
2018-03-01 | $245,000 (2.1%) | $322,196 (5.2%) | 0.86 | 2,614 |
2018-04-01 | $250,000 (2.2%) | $325,360 (4.3%) | 0.85 | 2,726 |
2018-05-01 | $258,838 (4.0%) | $327,541 (3.4%) | 0.86 | 2,915 |
2018-06-01 | $259,900 (4.0%) | $326,481 (2.0%) | 0.87 | 3,143 |
2018-07-01 | $252,450 (1.4%) | $320,215 (-0.4%) | 0.84 | 3,328 |
2018-08-01 | $249,945 (2.0%) | $315,379 (-1.9%) | 0.84 | 3,385 |
2018-09-01 | $246,890 (1.8%) | $313,823 (-1.5%) | 0.83 | 3,329 |
2018-10-01 | $248,079 (3.4%) | $318,151 (0.3%) | 0.84 | 3,307 |
2018-11-01 | $249,500 (4.0%) | $316,478 (1.5%) | 0.85 | 3,106 |
2018-12-01 | $249,000 (5.3%) | $314,652 (1.2%) | 0.86 | 2,839 |
2019-01-01 | $247,850 (3.7%) | $314,277 (1.6%) | 0.86 | 2,466 |
2019-02-01 | $250,486 (3.1%) | $323,390 (2.1%) | 0.85 | 2,368 |
2019-03-01 | $261,766 (6.8%) | $336,455 (4.4%) | 0.86 | 2,287 |
2019-04-01 | $269,794 (7.9%) | $344,486 (5.9%) | 0.86 | 2,314 |
2019-05-01 | $269,948 (4.3%) | $346,507 (5.8%) | 0.84 | 2,440 |
2019-06-01 | $273,500 (5.2%) | $349,699 (7.1%) | 0.85 | 2,633 |
2019-07-01 | $272,023 (7.8%) | $349,402 (9.1%) | 0.85 | 2,658 |
2019-08-01 | $272,669 (9.1%) | $349,675 (10.9%) | 0.86 | 2,647 |
2019-09-01 | $270,605 (9.6%) | $349,018 (11.2%) | 0.87 | 2,634 |
2019-10-01 | $269,229 (8.5%) | $348,197 (9.4%) | 0.87 | 2,619 |
2019-11-01 | $269,000 (7.8%) | $345,078 (9.0%) | 0.88 | 2,402 |
2019-12-01 | $267,450 (7.4%) | $346,044 (10.0%) | 0.89 | 2,087 |
2020-01-01 | $270,750 (9.2%) | $352,742 (12.2%) | 0.90 | 1,793 |
2020-02-01 | $280,030 (11.8%) | $361,726 (11.9%) | 0.92 | 1,723 |
2020-03-01 | $289,025 (10.4%) | $368,702 (9.6%) | 0.91 | 1,686 |
2020-04-01 | $287,572 (6.6%) | $361,909 (5.1%) | 0.90 | 1,785 |
2020-05-01 | $300,000 (11.1%) | $373,028 (7.7%) | 0.91 | 1,708 |
2020-06-01 | $315,975 (15.5%) | $393,613 (12.6%) | 0.93 | 1,480 |
2020-07-01 | $313,500 (15.3%) | $390,611 (11.8%) | 0.91 | 1,368 |
2020-08-01 | $319,900 (17.3%) | $397,251 (13.6%) | 0.92 | 1,343 |
2020-09-01 | $316,955 (17.1%) | $394,597 (13.1%) | 0.91 | 1,318 |
2020-10-01 | $307,880 (14.4%) | $392,749 (12.8%) | 0.88 | 1,306 |
2020-11-01 | $305,000 (13.4%) | $384,135 (11.3%) | 0.89 | 1,283 |
2020-12-01 | $308,679 (15.4%) | $390,920 (13.0%) | 0.92 | 1,067 |
2021-01-01 | $310,000 (14.5%) | $396,016 (12.3%) | 0.93 | 865 |
2021-02-01 | $315,000 (12.5%) | $395,909 (9.5%) | 0.92 | 758 |
2021-03-01 | $317,500 (9.9%) | $401,857 (9.0%) | 0.90 | 717 |
2021-04-01 | $324,747 (12.9%) | $420,393 (16.2%) | 0.88 | 702 |
2021-05-01 | $329,000 (9.7%) | $431,155 (15.6%) | 0.87 | 736 |
2021-06-01 | $343,816 (8.8%) | $434,610 (10.4%) | 0.91 | 876 |
2021-07-01 | $339,500 (8.3%) | $432,721 (10.8%) | 0.89 | 973 |
2021-08-01 | $339,950 (6.3%) | $438,555 (10.4%) | 0.91 | 1,015 |
2021-09-01 | $345,000 (8.9%) | $448,238 (13.6%) | 0.92 | 1,041 |
2021-10-01 | $359,900 (16.9%) | $460,826 (17.3%) | 0.96 | 967 |
2021-11-01 | $359,498 (17.9%) | $464,344 (20.9%) | 0.96 | 848 |
2021-12-01 | $350,000 (13.4%) | $458,972 (17.4%) | 0.95 | 702 |
2022-01-01 | $368,920 (19.0%) | $465,630 (17.6%) | 1.00 | 608 |
2022-02-01 | $369,928 (17.4%) | $476,805 (20.4%) | 0.96 | 580 |
2022-03-01 | $367,323 (15.7%) | $474,050 (18.0%) | 0.92 | 566 |
2022-04-01 | $375,000 (15.5%) | $484,310 (15.2%) | 0.90 | 615 |
2022-05-01 | $392,375 (19.3%) | $482,286 (11.9%) | 0.90 | 799 |
2022-06-01 | $392,400 (14.1%) | $477,958 (10.0%) | 0.87 | 1,012 |
2022-07-01 | $390,000 (14.9%) | $484,642 (12.0%) | 0.88 | 1,263 |
2022-08-01 | $392,500 (15.5%) | $487,331 (11.1%) | 0.91 | 1,311 |
2022-09-01 | $385,000 (11.6%) | $480,389 (7.2%) | 0.90 | 1,411 |
2022-10-01 | $385,000 (7.0%) | $485,209 (5.3%) | 0.91 | 1,437 |
2022-11-01 | $377,695 (5.1%) | $479,981 (3.4%) | 0.91 | 1,469 |
2022-12-01 | $365,000 (4.3%) | $474,200 (3.3%) | 0.91 | 1,310 |
Albuquerque's median listing price comes in at 91% of the national average.
Albuquerque's average listing price for 2022-12-01 was $474,200, a difference of $15,228 (3.3%) versus the prior year and $-5,781 versus the prior month.
For the 2022-12-01 period, Albuquerque had 1,310 MLS listings, a difference of -159 listings (-11%) versus the prior month and 608 listings (87%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Albuquerque (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 75 days | 1,994 sqft |
2018-02-01 | 65 days | 2,023 sqft |
2018-03-01 | 51 days | 2,053 sqft |
2018-04-01 | 47 days | 2,075 sqft |
2018-05-01 | 46 days | 2,078 sqft |
2018-06-01 | 48 days | 2,078 sqft |
2018-07-01 | 51 days | 2,057 sqft |
2018-08-01 | 54 days | 2,037 sqft |
2018-09-01 | 59 days | 2,018 sqft |
2018-10-01 | 60 days | 2,020 sqft |
2018-11-01 | 63 days | 2,019 sqft |
2018-12-01 | 70 days | 2,020 sqft |
2019-01-01 | 72 days | 2,009 sqft |
2019-02-01 | 64 days | 2,022 sqft |
2019-03-01 | 55 days | 2,080 sqft |
2019-04-01 | 47 days | 2,121 sqft |
2019-05-01 | 50 days | 2,116 sqft |
2019-06-01 | 52 days | 2,110 sqft |
2019-07-01 | 47 days | 2,095 sqft |
2019-08-01 | 49 days | 2,087 sqft |
2019-09-01 | 52 days | 2,068 sqft |
2019-10-01 | 56 days | 2,068 sqft |
2019-11-01 | 67 days | 2,038 sqft |
2019-12-01 | 78 days | 2,034 sqft |
2020-01-01 | 77 days | 2,053 sqft |
2020-02-01 | 63 days | 2,092 sqft |
2020-03-01 | 51 days | 2,077 sqft |
2020-04-01 | 53 days | 2,050 sqft |
2020-05-01 | 57 days | 2,100 sqft |
2020-06-01 | 65 days | 2,146 sqft |
2020-07-01 | 63 days | 2,125 sqft |
2020-08-01 | 54 days | 2,153 sqft |
2020-09-01 | 57 days | 2,136 sqft |
2020-10-01 | 52 days | 2,099 sqft |
2020-11-01 | 57 days | 2,064 sqft |
2020-12-01 | 62 days | 2,094 sqft |
2021-01-01 | 74 days | 2,075 sqft |
2021-02-01 | 71 days | 2,015 sqft |
2021-03-01 | 59 days | 2,041 sqft |
2021-04-01 | 53 days | 2,051 sqft |
2021-05-01 | 43 days | 2,052 sqft |
2021-06-01 | 34 days | 2,047 sqft |
2021-07-01 | 37 days | 2,000 sqft |
2021-08-01 | 42 days | 2,015 sqft |
2021-09-01 | 49 days | 2,018 sqft |
2021-10-01 | 55 days | 2,095 sqft |
2021-11-01 | 65 days | 2,033 sqft |
2021-12-01 | 60 days | 1,977 sqft |
2022-01-01 | 72 days | 2,003 sqft |
2022-02-01 | 39 days | 1,973 sqft |
2022-03-01 | 37 days | 2,000 sqft |
2022-04-01 | 33 days | 2,000 sqft |
2022-05-01 | 30 days | 2,048 sqft |
2022-06-01 | 30 days | 2,040 sqft |
2022-07-01 | 34 days | 2,070 sqft |
2022-08-01 | 45 days | 2,083 sqft |
2022-09-01 | 53 days | 2,049 sqft |
2022-10-01 | 58 days | 2,026 sqft |
2022-11-01 | 62 days | 2,015 sqft |
2022-12-01 | 73 days | 1,999 sqft |
Albuquerque's median square footage for active listings during the 2022-12-01 period was 1,999 sqft. One year prior, the average listing was 1,977 sqft.