California USDA Loan Rates, Closing Costs & Stats

CALIFORNIA-LEXINGTON PARK, MD

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.

California's 16 lenders originated 58 USDA loans during 2024. The total origination value was $18,080,000, with an average USDA loan value of $311,724.

California USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in California averaged 6.65% for the week of 2025-04-11, compared to the national average (all USDA variants) of 6.449% for the same period.

California's average USDA mortgage closing costs are $7,351.

The average rate for the prior week (2025-04-04) was 6.11% and one month ago for the week of 2025-03-07, the average rate was 6.18%.

The average rate one year ago was 6.53%.

For refis of the same type during the week of 2025-04-11, the average rate was 6.05%.

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

California 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 California level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
FIRST HOME MORTGAGE CORPORATION 14 6.18% $9,492
BAY CAPITAL MORTGAGE CORPORATION 8 6.02% $10,100
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 8 6.14% $10,169
Towne Bank 7 6.25% $8,732
EQUITY RESOURCES, INC. 4 6.00% $10,667
GUILD MORTGAGE COMPANY 3 6.21% $7,803
UNITED WHOLESALE MORTGAGE, LLC 2 5.94% $10,608
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $13,003
Shore United Bank 1 6.25% $8,892
Vellum Mortgage, Inc. 1 6.38% $14,916
Ameris Bank 1 6.25% $11,208
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $9,301
Atlantic Coast Mortgage, LLC 1 6.63% $8,554
CMG MORTGAGE, INC. 1 7.13% $7,341
First Option Mortgage, LLC 1 6.75% $8,893
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.75% $0

The top California USDA lender as defined by loan originations is FIRST HOME MORTGAGE CORPORATION, with 14 USDA loans originated. Their average total fees are $9,492, which is $608 lower than the next largest lender, BAY CAPITAL MORTGAGE CORPORATION.

The lowest fee California USDA lenders (with over 10 loans originated) are FIRST HOME MORTGAGE CORPORATION ($9,492), .

The lowest rate California USDA lenders (with over 10 loans originated) are FIRST HOME MORTGAGE CORPORATION (6.18%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - California (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 $289,099 (5.1%) $325,519 (7.7%) 0.00 448
2018-02-01 $285,000 (1.8%) $326,756 (7.4%) 0.00 447
2018-03-01 $309,000 (6.6%) $333,484 (4.6%) 0.00 457
2018-04-01 $314,900 (5.5%) $345,701 (3.7%) 0.00 477
2018-05-01 $321,495 (7.6%) $355,319 (6.2%) 0.00 512
2018-06-01 $320,835 (7.0%) $355,717 (4.7%) 0.00 556
2018-07-01 $318,950 (4.6%) $350,443 (1.8%) 0.00 580
2018-08-01 $303,498 (0.4%) $350,908 (3.4%) 0.00 557
2018-09-01 $299,999 (0.1%) $351,898 (3.6%) 0.00 549
2018-10-01 $299,394 (0.1%) $342,502 (0.9%) 0.00 558
2018-11-01 $302,423 (3.0%) $350,756 (5.3%) 0.00 507
2018-12-01 $292,158 (1.1%) $337,497 (4.6%) 0.00 458
2019-01-01 $291,551 (0.9%) $332,818 (2.2%) 0.00 429
2019-02-01 $296,276 (4.0%) $336,139 (2.9%) 0.00 429
2019-03-01 $312,757 (1.2%) $356,816 (7.0%) 0.00 432
2019-04-01 $329,923 (4.8%) $382,698 (10.7%) 0.00 432
2019-05-01 $335,294 (4.3%) $392,201 (10.4%) 0.00 465
2019-06-01 $334,950 (4.4%) $388,078 (9.1%) 0.00 498
2019-07-01 $329,993 (3.5%) $387,264 (10.5%) 0.00 482
2019-08-01 $332,655 (9.6%) $383,409 (9.3%) 0.00 454
2019-09-01 $336,786 (12.3%) $376,589 (7.0%) 0.00 440
2019-10-01 $340,000 (13.6%) $371,738 (8.5%) 0.00 430
2019-11-01 $335,000 (10.8%) $362,774 (3.4%) 0.00 397
2019-12-01 $338,000 (15.7%) $360,195 (6.7%) 0.00 361
2020-01-01 $339,950 (16.6%) $367,205 (10.3%) 0.00 317
2020-02-01 $345,000 (16.5%) $378,993 (12.8%) 0.00 309
2020-03-01 $354,500 (13.4%) $385,744 (8.1%) 0.00 318
2020-04-01 $366,225 (11.0%) $396,106 (3.5%) 0.00 310
2020-05-01 $369,900 (10.3%) $398,502 (1.6%) 0.00 289
2020-06-01 $356,123 (6.3%) $404,721 (4.3%) 0.00 247
2020-07-01 $362,450 (9.8%) $411,905 (6.4%) 0.00 212
2020-08-01 $365,000 (9.7%) $421,466 (9.9%) 0.00 165
2020-09-01 $360,725 (7.1%) $418,231 (11.1%) 0.00 172
2020-10-01 $339,950 (0.0%) $404,474 (8.8%) 0.00 191
2020-11-01 $331,750 (-1.0%) $408,569 (12.6%) 0.00 193
2020-12-01 $320,143 (-5.3%) $380,010 (5.5%) 0.00 169
2021-01-01 $319,900 (-5.9%) $374,631 (2.0%) 0.00 145
2021-02-01 $312,046 (-9.6%) $357,157 (-5.8%) 0.00 129
2021-03-01 $315,975 (-10.9%) $379,131 (-1.7%) 0.00 128
2021-04-01 $320,335 (-12.5%) $361,365 (-8.8%) 0.00 129
2021-05-01 $349,999 (-5.4%) $407,945 (2.4%) 0.00 143
2021-06-01 $357,450 (0.4%) $442,292 (9.3%) 0.00 172
2021-07-01 $359,900 (-0.7%) $466,663 (13.3%) 0.00 184
2021-08-01 $371,000 (1.6%) $463,359 (9.9%) 0.00 204
2021-09-01 $374,950 (3.9%) $491,436 (17.5%) 0.00 186
2021-10-01 $379,000 (11.5%) $492,122 (21.7%) 0.00 162
2021-11-01 $383,490 (15.6%) $523,244 (28.1%) 0.00 145
2021-12-01 $384,946 (20.2%) $503,766 (32.6%) 0.00 148
2022-01-01 $388,500 (21.4%) $543,191 (45.0%) 0.00 110
2022-02-01 $386,625 (23.9%) $555,665 (55.6%) 0.00 98
2022-03-01 $399,700 (26.5%) $530,150 (39.8%) 0.00 104
2022-04-01 $409,900 (28.0%) $545,216 (50.9%) 0.00 131
2022-05-01 $428,700 (22.5%) $539,091 (32.2%) 0.00 161
2022-06-01 $429,950 (20.3%) $527,069 (19.2%) 0.00 191
2022-07-01 $419,900 (16.7%) $510,580 (9.4%) 0.00 220
2022-08-01 $420,000 (13.2%) $509,322 (9.9%) 0.00 230
2022-09-01 $417,450 (11.3%) $503,164 (2.4%) 0.00 206
2022-10-01 $419,900 (10.8%) $503,532 (2.3%) 0.00 227
2022-11-01 $404,900 (5.6%) $490,854 (-6.2%) 0.00 223
2022-12-01 $399,900 (3.9%) $495,402 (-1.7%) 0.00 177
2023-01-01 $402,400 (3.6%) $487,197 (-10.3%) 0.00 164
2023-02-01 $450,975 (16.6%) $531,854 (-4.3%) 0.00 150
2023-03-01 $485,498 (21.5%) $538,241 (1.5%) 0.00 141
2023-04-01 $492,445 (20.1%) $589,004 (8.0%) 0.00 141
2023-05-01 $496,743 (15.9%) $613,238 (13.8%) 0.00 149
2023-06-01 $511,423 (19.0%) $636,497 (20.8%) 0.00 147
2023-07-01 $499,650 (19.0%) $618,510 (21.1%) 0.00 161
2023-08-01 $472,475 (12.5%) $606,212 (19.0%) 0.00 156
2023-09-01 $472,450 (13.2%) $612,760 (21.8%) 0.00 152
2023-10-01 $477,400 (13.7%) $791,826 (57.3%) 0.00 160
2023-11-01 $482,450 (19.2%) $814,772 (66.0%) 0.00 160
2023-12-01 $509,950 (27.5%) $749,571 (51.3%) 0.00 151
2024-01-01 $475,400 (18.1%) $741,398 (52.2%) 0.00 135
2024-02-01 $483,475 (7.2%) $746,595 (40.4%) 0.00 128
2024-03-01 $520,000 (7.1%) $821,746 (52.7%) 0.00 132
2024-04-01 $511,250 (3.8%) $818,137 (38.9%) 0.00 151
2024-05-01 $493,625 (-0.6%) $828,657 (35.1%) 0.00 175
2024-06-01 $527,500 (3.1%) $828,976 (30.2%) 0.00 176
2024-07-01 $529,750 (6.0%) $822,371 (33.0%) 0.00 177
2024-08-01 $507,250 (7.4%) $813,711 (34.2%) 0.00 178
2024-09-01 $489,450 (3.6%) $782,585 (27.7%) 0.00 192
2024-10-01 $474,950 (-0.5%) $746,554 (-5.7%) 0.00 212
2024-11-01 $459,450 (-4.8%) $729,056 (-10.5%) 0.00 192
2024-12-01 $446,950 (-12.4%) $699,013 (-6.7%) 0.00 187
California's median listing price for 2024-12-01 was $446,950, a difference of $-63,000 (-12.4%) versus the prior year and $-12,500 versus the prior month.

California's median listing price comes in at 0% of the national average.

California's average listing price for 2024-12-01 was $699,013, a difference of $-50,558 (-6.7%) versus the prior year and $-30,043 versus the prior month.

For the 2024-12-01 period, California had 187 MLS listings, a difference of -5 listings (-3%) versus the prior month and 36 listings (24%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - California (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,920 sqft
2018-02-01 0 days 1,865 sqft
2018-03-01 0 days 1,887 sqft
2018-04-01 0 days 1,893 sqft
2018-05-01 0 days 1,974 sqft
2018-06-01 0 days 2,112 sqft
2018-07-01 0 days 2,036 sqft
2018-08-01 0 days 2,008 sqft
2018-09-01 0 days 2,016 sqft
2018-10-01 0 days 2,000 sqft
2018-11-01 0 days 1,976 sqft
2018-12-01 0 days 1,944 sqft
2019-01-01 0 days 1,988 sqft
2019-02-01 0 days 1,977 sqft
2019-03-01 0 days 2,055 sqft
2019-04-01 0 days 2,161 sqft
2019-05-01 0 days 2,169 sqft
2019-06-01 0 days 2,151 sqft
2019-07-01 0 days 2,134 sqft
2019-08-01 0 days 2,138 sqft
2019-09-01 0 days 2,173 sqft
2019-10-01 0 days 2,209 sqft
2019-11-01 0 days 2,200 sqft
2019-12-01 0 days 2,142 sqft
2020-01-01 0 days 2,197 sqft
2020-02-01 0 days 2,210 sqft
2020-03-01 0 days 2,254 sqft
2020-04-01 0 days 2,249 sqft
2020-05-01 0 days 2,292 sqft
2020-06-01 0 days 2,257 sqft
2020-07-01 0 days 2,308 sqft
2020-08-01 0 days 2,288 sqft
2020-09-01 0 days 2,326 sqft
2020-10-01 0 days 2,160 sqft
2020-11-01 0 days 2,087 sqft
2020-12-01 0 days 1,981 sqft
2021-01-01 0 days 2,016 sqft
2021-02-01 0 days 1,805 sqft
2021-03-01 0 days 1,974 sqft
2021-04-01 0 days 1,849 sqft
2021-05-01 0 days 2,083 sqft
2021-06-01 0 days 2,100 sqft
2021-07-01 0 days 2,114 sqft
2021-08-01 0 days 2,118 sqft
2021-09-01 0 days 2,148 sqft
2021-10-01 0 days 2,097 sqft
2021-11-01 0 days 2,048 sqft
2021-12-01 0 days 2,045 sqft
2022-01-01 0 days 2,078 sqft
2022-02-01 0 days 2,110 sqft
2022-03-01 0 days 2,092 sqft
2022-04-01 0 days 2,096 sqft
2022-05-01 0 days 2,199 sqft
2022-06-01 0 days 2,204 sqft
2022-07-01 0 days 2,156 sqft
2022-08-01 0 days 2,243 sqft
2022-09-01 0 days 2,092 sqft
2022-10-01 0 days 2,136 sqft
2022-11-01 0 days 2,162 sqft
2022-12-01 0 days 2,148 sqft
2023-01-01 0 days 2,199 sqft
2023-02-01 0 days 2,239 sqft
2023-03-01 0 days 2,208 sqft
2023-04-01 0 days 2,310 sqft
2023-05-01 0 days 2,274 sqft
2023-06-01 0 days 2,288 sqft
2023-07-01 0 days 2,350 sqft
2023-08-01 0 days 2,259 sqft
2023-09-01 0 days 2,359 sqft
2023-10-01 0 days 2,363 sqft
2023-11-01 0 days 2,363 sqft
2023-12-01 0 days 2,331 sqft
2024-01-01 0 days 2,134 sqft
2024-02-01 0 days 2,026 sqft
2024-03-01 0 days 2,170 sqft
2024-04-01 0 days 2,201 sqft
2024-05-01 0 days 2,149 sqft
2024-06-01 0 days 2,304 sqft
2024-07-01 0 days 2,395 sqft
2024-08-01 0 days 2,300 sqft
2024-09-01 0 days 2,276 sqft
2024-10-01 0 days 2,187 sqft
2024-11-01 0 days 2,140 sqft
2024-12-01 0 days 2,079 sqft
California's median listing age (time on market) for 2024-12-01 was 0 days.

California's median square footage for active listings during the 2024-12-01 period was 2,079 sqft. One year prior, the average listing was 2,331 sqft.