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 -0.31% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Albuquerque's average USDA mortgage closing costs are $5,810.

The average rate for the prior week (2024-11-22) was 6.4% and one month ago for the week of 2024-10-25, the average rate was 6.3%.

The average rate one year ago was 7.1%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.28%.

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 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
2024-04-01 $410,788 (2.7%) $508,645 (-3.8%) 0.96 1,271
2024-05-01 $423,913 (2.7%) $522,158 (-0.9%) 0.96 1,391
2024-06-01 $422,500 (1.3%) $515,724 (-1.6%) 0.95 1,509
2024-07-01 $409,750 (-1.1%) $501,627 (-3.8%) 0.94 1,621
2024-08-01 $400,000 (-0.1%) $487,873 (-4.4%) 0.93 1,700
2024-09-01 $398,029 (-0.2%) $488,141 (-0.6%) 0.94 1,850
2024-10-01 $399,900 (0.0%) $490,059 (-1.4%) 0.94 1,895
Albuquerque's median listing price for 2024-10-01 was $399,900, a difference of $-50 (0.0%) versus the prior year and $1,871 versus the prior month.

Albuquerque's median listing price comes in at 94% of the national average.

Albuquerque's average listing price for 2024-10-01 was $490,059, a difference of $-6,933 (-1.4%) versus the prior year and $1,918 versus the prior month.

For the 2024-10-01 period, Albuquerque had 1,895 MLS listings, a difference of 45 listings (2%) versus the prior month and 495 listings (35%) 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
2024-04-01 51 days 2,010 sqft
2024-05-01 44 days 2,081 sqft
2024-06-01 47 days 2,046 sqft
2024-07-01 53 days 2,014 sqft
2024-08-01 54 days 1,998 sqft
2024-09-01 56 days 1,967 sqft
2024-10-01 58 days 1,986 sqft
Albuquerque's median listing age (time on market) for 2024-10-01 was 58 days. This is 12% longer than the same period one year ago.

Albuquerque's median square footage for active listings during the 2024-10-01 period was 1,986 sqft. One year prior, the average listing was 2,045 sqft.