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 0.11% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2025-06-27) was 6.64% and one month ago for the week of 2025-05-30, the average rate was 6.73%.

The average rate one year ago was 6.62%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.7%.

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%), .