Albuquerque USDA Loan Rates, Closing Costs & Stats

ALBUQUERQUE, NM

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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.

    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%.

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

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 15 3.04% $5,555
    PRIMARY RESIDENTIAL MORTGAGE, INC. 8 2.94% $5,432
    Waterstone Mortgage Corporation 6 2.90% $5,070
    LOANDEPOT.COM, LLC 5 3.45% $6,023
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 2.97% $9,445
    CALCON MUTUAL MORTGAGE LLC 4 3.19% $7,426
    Century Mortgage Company DBA Century Lending Company 4 3.03% $5,761
    CROSSCOUNTRY MORTGAGE, LLC 4 3.44% $6,201
    HOME POINT FINANCIAL CORPORATION 3 2.79% $5,238
    BROKER SOLUTIONS, INC. 3 2.67% $7,568
    Amerifirst Financial, Inc. 2 3.19% $4,445
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.06% $6,637
    Flagstar Bank, FSB 1 2.99% $3,658
    CMG MORTGAGE, INC. 1 2.38% $5,246
    COUNTRYPLACE MORTGAGE, LTD. 1 3.25% $14,293
    DHI MORTGAGE COMPANY, LTD. 1 2.50% $4,474
    ACADEMY MORTGAGE CORPORATION 1 3.50% $8,572
    Gateway First Bank 1 2.75% $5,378
    HOMETRUST MORTGAGE COMPANY 1 3.00% $7,457
    NEWREZ LLC 1 2.75% $4,705
    OCEANSIDE MORTGAGE COMPANY 1 3.00% $1,535
    PLAZA HOME MORTGAGE, INC. 1 2.25% $4,517
    UNITED WHOLESALE MORTGAGE, LLC 1 2.88% $7,355

    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. 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 (2.7%) 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 for 2022-12-01 was $365,000, a difference of $15,000 (4.3%) versus the prior year and $-12,695 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2022-12-01 was 73 days. This is 22% longer than the same period one year ago.

    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.