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 15 lenders originated 34 USDA loans during 2023. The total origination value was $8,880,000, with an average USDA loan value of $261,176.
Albuquerque USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Albuquerque
averaged
6.56%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Albuquerque's average USDA mortgage closing costs are $5,810.
The average rate for the prior week (2024-04-12) was
6.71% and
one month ago for the week of 2024-03-15, the
average rate was 6.29%.
The average rate one year ago was 6.03%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.78%.
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.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| DHI MORTGAGE COMPANY, LTD. | 8 | 5.17% | $5,968 |
| LOANDEPOT.COM, LLC | 6 | 6.48% | $6,414 |
| GUILD MORTGAGE COMPANY | 4 | 6.25% | $12,511 |
| Century Mortgage Company DBA Century Lending Company | 3 | 6.08% | $11,084 |
| Waterstone Mortgage Corporation | 2 | 6.50% | $7,850 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 2 | 6.00% | $9,756 |
| CMG MORTGAGE, INC. | 1 | 7.25% | $8,411 |
| CALCON MUTUAL MORTGAGE LLC | 1 | 5.63% | $16,374 |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | 1 | 5.63% | $6,890 |
| Plains Commerce Bank | 1 | 6.00% | $13,374 |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | 1 | 6.75% | $8,819 |
| Sierra Pacific Mortgage Company, Inc. | 1 | 5.75% | $7,554 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.62% | $6,144 |
| Wallick & Volk, Inc. | 1 | 6.00% | $6,107 |
| AMERICAN FINANCIAL NETWORK, INC. | 1 | 6.63% | $6,738 |
The top Albuquerque USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with
8 USDA loans originated. Their average total fees are
$5,968, which is $446
lower than the next largest lender,
LOANDEPOT.COM, LLC.
The lowest fee Albuquerque USDA lenders (with over 10 loans originated) are
.
The lowest rate Albuquerque USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Albuquerque (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 | $239,000 (3.9%) | $309,398 (2.6%) | 0.89 | 2,764 |
| 2018-02-01 | $242,900 (2.9%) | $316,882 (3.8%) | 0.88 | 2,688 |
| 2018-03-01 | $245,000 (2.1%) | $322,196 (5.0%) | 0.86 | 2,614 |
| 2018-04-01 | $250,000 (2.2%) | $325,360 (4.2%) | 0.85 | 2,726 |
| 2018-05-01 | $258,838 (4.0%) | $327,541 (3.3%) | 0.86 | 2,915 |
| 2018-06-01 | $259,900 (4.0%) | $326,481 (1.7%) | 0.87 | 3,143 |
| 2018-07-01 | $252,450 (1.4%) | $320,215 (-0.7%) | 0.84 | 3,328 |
| 2018-08-01 | $249,945 (2.0%) | $315,470 (-2.2%) | 0.84 | 3,385 |
| 2018-09-01 | $246,895 (1.7%) | $313,914 (-1.6%) | 0.83 | 3,330 |
| 2018-10-01 | $248,079 (3.4%) | $318,151 (0.1%) | 0.84 | 3,307 |
| 2018-11-01 | $249,500 (4.0%) | $316,601 (1.3%) | 0.85 | 3,106 |
| 2018-12-01 | $249,000 (5.1%) | $314,653 (1.0%) | 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 | $261,745 (6.8%) | $336,380 (4.4%) | 0.86 | 2,286 |
| 2019-04-01 | $269,850 (7.9%) | $344,436 (5.9%) | 0.86 | 2,311 |
| 2019-05-01 | $269,945 (4.3%) | $346,574 (5.8%) | 0.84 | 2,430 |
| 2019-06-01 | $273,500 (5.2%) | $349,731 (7.1%) | 0.85 | 2,623 |
| 2019-07-01 | $272,450 (7.9%) | $349,829 (9.3%) | 0.85 | 2,648 |
| 2019-08-01 | $273,427 (9.4%) | $350,050 (11.0%) | 0.87 | 2,637 |
| 2019-09-01 | $271,218 (9.9%) | $349,311 (11.3%) | 0.87 | 2,622 |
| 2019-10-01 | $269,745 (8.7%) | $348,211 (9.5%) | 0.87 | 2,606 |
| 2019-11-01 | $269,000 (7.8%) | $344,694 (8.9%) | 0.88 | 2,388 |
| 2019-12-01 | $267,475 (7.4%) | $344,538 (9.5%) | 0.89 | 2,072 |
| 2020-01-01 | $271,046 (9.4%) | $351,054 (11.7%) | 0.91 | 1,777 |
| 2020-02-01 | $280,697 (12.1%) | $360,132 (11.4%) | 0.92 | 1,706 |
| 2020-03-01 | $289,400 (10.6%) | $367,039 (9.1%) | 0.91 | 1,670 |
| 2020-04-01 | $288,000 (6.7%) | $361,445 (4.9%) | 0.90 | 1,770 |
| 2020-05-01 | $300,000 (11.1%) | $372,626 (7.5%) | 0.91 | 1,693 |
| 2020-06-01 | $316,495 (15.7%) | $393,346 (12.5%) | 0.93 | 1,465 |
| 2020-07-01 | $313,605 (15.1%) | $390,251 (11.6%) | 0.91 | 1,353 |
| 2020-08-01 | $319,900 (17.0%) | $396,875 (13.4%) | 0.92 | 1,329 |
| 2020-09-01 | $317,750 (17.2%) | $394,212 (12.9%) | 0.91 | 1,304 |
| 2020-10-01 | $307,980 (14.2%) | $392,516 (12.7%) | 0.88 | 1,291 |
| 2020-11-01 | $305,000 (13.4%) | $383,831 (11.4%) | 0.89 | 1,268 |
| 2020-12-01 | $309,450 (15.7%) | $390,401 (13.3%) | 0.92 | 1,052 |
| 2021-01-01 | $310,775 (14.7%) | $395,687 (12.7%) | 0.93 | 850 |
| 2021-02-01 | $315,500 (12.4%) | $395,511 (9.8%) | 0.92 | 744 |
| 2021-03-01 | $318,500 (10.1%) | $401,596 (9.4%) | 0.90 | 703 |
| 2021-04-01 | $325,000 (12.9%) | $420,196 (16.3%) | 0.88 | 688 |
| 2021-05-01 | $329,900 (10.0%) | $430,949 (15.7%) | 0.88 | 721 |
| 2021-06-01 | $344,975 (9.0%) | $434,355 (10.4%) | 0.91 | 861 |
| 2021-07-01 | $340,000 (8.4%) | $432,695 (10.9%) | 0.90 | 959 |
| 2021-08-01 | $340,000 (6.3%) | $438,447 (10.5%) | 0.91 | 1,002 |
| 2021-09-01 | $346,184 (9.0%) | $448,161 (13.7%) | 0.92 | 1,028 |
| 2021-10-01 | $359,900 (16.9%) | $460,879 (17.4%) | 0.96 | 953 |
| 2021-11-01 | $362,450 (18.8%) | $464,487 (21.0%) | 0.97 | 833 |
| 2021-12-01 | $350,000 (13.1%) | $459,248 (17.6%) | 0.95 | 687 |
| 2022-01-01 | $369,000 (18.7%) | $465,663 (17.7%) | 1.00 | 593 |
| 2022-02-01 | $371,870 (17.9%) | $477,367 (20.7%) | 0.97 | 566 |
| 2022-03-01 | $369,595 (16.0%) | $475,091 (18.3%) | 0.93 | 550 |
| 2022-04-01 | $379,000 (16.6%) | $485,254 (15.5%) | 0.90 | 600 |
| 2022-05-01 | $393,581 (19.3%) | $482,938 (12.1%) | 0.90 | 784 |
| 2022-06-01 | $392,500 (13.8%) | $478,435 (10.2%) | 0.87 | 998 |
| 2022-07-01 | $390,000 (14.7%) | $485,200 (12.1%) | 0.88 | 1,248 |
| 2022-08-01 | $394,688 (16.1%) | $487,927 (11.3%) | 0.91 | 1,296 |
| 2022-09-01 | $385,283 (11.3%) | $480,629 (7.2%) | 0.90 | 1,396 |
| 2022-10-01 | $385,000 (7.0%) | $485,713 (5.4%) | 0.91 | 1,422 |
| 2022-11-01 | $379,000 (4.6%) | $480,438 (3.4%) | 0.91 | 1,454 |
| 2022-12-01 | $375,000 (7.1%) | $486,774 (6.0%) | 0.93 | 1,227 |
| 2023-01-01 | $377,450 (2.3%) | $496,781 (6.7%) | 0.94 | 1,067 |
| 2023-02-01 | $386,498 (3.9%) | $513,554 (7.6%) | 0.93 | 908 |
| 2023-03-01 | $399,500 (8.1%) | $525,550 (10.6%) | 0.94 | 870 |
| 2023-04-01 | $400,000 (5.5%) | $528,442 (8.9%) | 0.93 | 871 |
| 2023-05-01 | $412,920 (4.9%) | $527,112 (9.2%) | 0.94 | 912 |
| 2023-06-01 | $417,012 (6.3%) | $524,218 (9.6%) | 0.94 | 1,037 |
| 2023-07-01 | $414,495 (6.3%) | $521,163 (7.4%) | 0.94 | 1,106 |
| 2023-08-01 | $400,223 (1.4%) | $510,514 (4.6%) | 0.92 | 1,185 |
| 2023-09-01 | $399,000 (3.6%) | $491,157 (2.2%) | 0.93 | 1,309 |
| 2023-10-01 | $399,950 (3.9%) | $496,992 (2.3%) | 0.94 | 1,400 |
| 2023-11-01 | $398,500 (5.2%) | $489,133 (1.8%) | 0.95 | 1,440 |
| 2023-12-01 | $399,500 (6.5%) | $496,016 (1.9%) | 0.97 | 1,376 |
| 2024-01-01 | $410,000 (8.6%) | $499,005 (0.5%) | 1.00 | 1,185 |
| 2024-02-01 | $412,500 (6.7%) | $511,875 (-0.3%) | 0.99 | 1,122 |
| 2024-03-01 | $414,495 (3.8%) | $510,977 (-2.8%) | 0.98 | 1,132 |
Albuquerque's median listing price comes in at 98% of the national average.
Albuquerque's average listing price for 2024-03-01 was $510,977, a difference of $-14,573 (-2.8%) versus the prior year and $-898 versus the prior month.
For the 2024-03-01 period, Albuquerque had 1,132 MLS listings, a difference of 10 listings (1%) versus the prior month and 262 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Albuquerque (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 72 days | 1,994 sqft |
| 2018-02-01 | 62 days | 2,023 sqft |
| 2018-03-01 | 49 days | 2,053 sqft |
| 2018-04-01 | 44 days | 2,075 sqft |
| 2018-05-01 | 44 days | 2,078 sqft |
| 2018-06-01 | 46 days | 2,078 sqft |
| 2018-07-01 | 49 days | 2,057 sqft |
| 2018-08-01 | 52 days | 2,037 sqft |
| 2018-09-01 | 57 days | 2,018 sqft |
| 2018-10-01 | 58 days | 2,020 sqft |
| 2018-11-01 | 60 days | 2,019 sqft |
| 2018-12-01 | 67 days | 2,020 sqft |
| 2019-01-01 | 70 days | 2,009 sqft |
| 2019-02-01 | 61 days | 2,022 sqft |
| 2019-03-01 | 51 days | 2,080 sqft |
| 2019-04-01 | 45 days | 2,120 sqft |
| 2019-05-01 | 47 days | 2,116 sqft |
| 2019-06-01 | 51 days | 2,110 sqft |
| 2019-07-01 | 45 days | 2,096 sqft |
| 2019-08-01 | 48 days | 2,088 sqft |
| 2019-09-01 | 50 days | 2,068 sqft |
| 2019-10-01 | 54 days | 2,068 sqft |
| 2019-11-01 | 64 days | 2,039 sqft |
| 2019-12-01 | 75 days | 2,034 sqft |
| 2020-01-01 | 72 days | 2,053 sqft |
| 2020-02-01 | 58 days | 2,093 sqft |
| 2020-03-01 | 49 days | 2,078 sqft |
| 2020-04-01 | 50 days | 2,050 sqft |
| 2020-05-01 | 54 days | 2,100 sqft |
| 2020-06-01 | 59 days | 2,147 sqft |
| 2020-07-01 | 57 days | 2,126 sqft |
| 2020-08-01 | 51 days | 2,153 sqft |
| 2020-09-01 | 53 days | 2,137 sqft |
| 2020-10-01 | 50 days | 2,099 sqft |
| 2020-11-01 | 54 days | 2,064 sqft |
| 2020-12-01 | 59 days | 2,095 sqft |
| 2021-01-01 | 66 days | 2,078 sqft |
| 2021-02-01 | 62 days | 2,015 sqft |
| 2021-03-01 | 53 days | 2,041 sqft |
| 2021-04-01 | 49 days | 2,050 sqft |
| 2021-05-01 | 42 days | 2,052 sqft |
| 2021-06-01 | 33 days | 2,047 sqft |
| 2021-07-01 | 36 days | 2,000 sqft |
| 2021-08-01 | 39 days | 2,016 sqft |
| 2021-09-01 | 47 days | 2,018 sqft |
| 2021-10-01 | 52 days | 2,092 sqft |
| 2021-11-01 | 62 days | 2,033 sqft |
| 2021-12-01 | 57 days | 1,976 sqft |
| 2022-01-01 | 69 days | 2,001 sqft |
| 2022-02-01 | 37 days | 1,973 sqft |
| 2022-03-01 | 35 days | 2,000 sqft |
| 2022-04-01 | 32 days | 2,000 sqft |
| 2022-05-01 | 28 days | 2,049 sqft |
| 2022-06-01 | 30 days | 2,038 sqft |
| 2022-07-01 | 32 days | 2,070 sqft |
| 2022-08-01 | 44 days | 2,083 sqft |
| 2022-09-01 | 52 days | 2,048 sqft |
| 2022-10-01 | 56 days | 2,025 sqft |
| 2022-11-01 | 60 days | 2,015 sqft |
| 2022-12-01 | 67 days | 2,003 sqft |
| 2023-01-01 | 75 days | 2,004 sqft |
| 2023-02-01 | 67 days | 2,030 sqft |
| 2023-03-01 | 55 days | 2,034 sqft |
| 2023-04-01 | 48 days | 2,067 sqft |
| 2023-05-01 | 46 days | 2,093 sqft |
| 2023-06-01 | 43 days | 2,085 sqft |
| 2023-07-01 | 45 days | 2,073 sqft |
| 2023-08-01 | 49 days | 2,022 sqft |
| 2023-09-01 | 50 days | 1,999 sqft |
| 2023-10-01 | 52 days | 2,045 sqft |
| 2023-11-01 | 55 days | 2,028 sqft |
| 2023-12-01 | 64 days | 2,010 sqft |
| 2024-01-01 | 73 days | 2,022 sqft |
| 2024-02-01 | 65 days | 2,028 sqft |
| 2024-03-01 | 52 days | 2,026 sqft |
Albuquerque's median square footage for active listings during the 2024-03-01 period was 2,026 sqft. One year prior, the average listing was 2,034 sqft.