Carlsbad USDA Loan Rates, Closing Costs & Stats

Carlsbad-Artesia, NM

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Carlsbad's 2 lenders originated 2 USDA loans during 2023. The total origination value was $410,000, with an average USDA loan value of $205,000.

    Carlsbad USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Carlsbad averaged 0% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Carlsbad's average USDA mortgage closing costs are $5,978.

    The average rate for the prior week (2024-11-08) was 6.35% and one month ago for the week of 2024-10-11, the average rate was 6.22%.

    The average rate one year ago was 7.24%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

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

    Carlsbad 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 Carlsbad level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $8,691
    Mortgage Research Center, LLC 1 6.63% $2,587

    The top Carlsbad USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with 1 USDA loans originated. Their average total fees are $8,691, which is $6,104 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Carlsbad USDA lenders (with over 10 loans originated) are .

    The lowest rate Carlsbad USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Carlsbad (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 $181,725 (3.4%) $216,653 (1.5%) 0.00 205
    2018-02-01 $186,125 (4.8%) $222,254 (4.5%) 0.00 199
    2018-03-01 $189,000 (5.3%) $215,178 (1.1%) 0.00 203
    2018-04-01 $194,000 (4.9%) $220,383 (3.1%) 0.00 194
    2018-05-01 $208,750 (9.6%) $229,647 (6.2%) 0.00 194
    2018-06-01 $210,000 (13.5%) $234,461 (11.0%) 0.00 188
    2018-07-01 $204,925 (13.2%) $235,837 (12.6%) 0.00 188
    2018-08-01 $199,750 (9.5%) $235,098 (11.3%) 0.00 177
    2018-09-01 $235,000 (28.8%) $253,367 (19.3%) 0.00 182
    2018-10-01 $235,750 (30.4%) $255,620 (23.7%) 0.00 170
    2018-11-01 $232,500 (29.9%) $259,228 (22.4%) 0.00 155
    2018-12-01 $230,000 (26.2%) $266,848 (23.8%) 0.00 137
    2019-01-01 $228,250 (25.6%) $273,901 (26.4%) 0.00 133
    2019-02-01 $242,500 (30.3%) $287,437 (29.3%) 0.00 132
    2019-03-01 $235,000 (24.3%) $275,304 (27.9%) 0.00 150
    2019-04-01 $232,500 (19.9%) $263,099 (19.4%) 0.00 177
    2019-05-01 $262,200 (25.6%) $268,968 (17.1%) 0.00 199
    2019-06-01 $265,000 (26.2%) $274,524 (17.1%) 0.00 203
    2019-07-01 $268,453 (31.0%) $275,972 (17.0%) 0.00 202
    2019-08-01 $269,187 (34.8%) $275,227 (17.1%) 0.00 228
    2019-09-01 $268,488 (14.3%) $274,778 (8.5%) 0.00 246
    2019-10-01 $270,787 (14.9%) $275,255 (7.7%) 0.00 253
    2019-11-01 $273,853 (17.8%) $276,851 (6.8%) 0.00 248
    2019-12-01 $275,150 (19.6%) $278,862 (4.5%) 0.00 235
    2020-01-01 $275,705 (20.8%) $279,404 (2.0%) 0.00 233
    2020-02-01 $283,391 (16.9%) $284,278 (-1.1%) 0.00 240
    2020-03-01 $286,314 (21.8%) $292,750 (6.3%) 0.00 248
    2020-04-01 $287,619 (23.7%) $294,538 (12.0%) 0.00 234
    2020-05-01 $285,258 (8.8%) $281,402 (4.6%) 0.00 252
    2020-06-01 $276,200 (4.2%) $279,218 (1.7%) 0.00 245
    2020-07-01 $263,829 (-1.7%) $277,656 (0.6%) 0.00 242
    2020-08-01 $255,450 (-5.1%) $280,386 (1.9%) 0.00 229
    2020-09-01 $257,863 (-4.0%) $279,400 (1.7%) 0.00 231
    2020-10-01 $265,000 (-2.1%) $293,986 (6.8%) 0.00 240
    2020-11-01 $264,000 (-3.6%) $296,284 (7.0%) 0.00 234
    2020-12-01 $264,438 (-3.9%) $294,277 (5.5%) 0.00 231
    2021-01-01 $261,500 (-5.2%) $293,669 (5.1%) 0.00 232
    2021-02-01 $245,250 (-13.5%) $284,482 (0.1%) 0.00 264
    2021-03-01 $228,200 (-20.3%) $274,547 (-6.2%) 0.00 282
    2021-04-01 $228,000 (-20.7%) $272,855 (-7.4%) 0.00 289
    2021-05-01 $234,900 (-17.7%) $274,175 (-2.6%) 0.00 276
    2021-06-01 $240,750 (-12.8%) $271,799 (-2.7%) 0.00 261
    2021-07-01 $242,750 (-8.0%) $278,540 (0.3%) 0.00 255
    2021-08-01 $244,625 (-4.2%) $282,679 (0.8%) 0.00 260
    2021-09-01 $239,950 (-7.0%) $296,105 (6.0%) 0.00 253
    2021-10-01 $239,000 (-9.8%) $290,129 (-1.3%) 0.00 252
    2021-11-01 $239,000 (-9.5%) $289,563 (-2.3%) 0.00 261
    2021-12-01 $240,450 (-9.1%) $285,739 (-2.9%) 0.00 234
    2022-01-01 $252,450 (-3.5%) $294,294 (0.2%) 0.00 212
    2022-02-01 $250,750 (2.2%) $301,397 (6.0%) 0.00 214
    2022-03-01 $261,500 (14.6%) $308,863 (12.5%) 0.00 219
    2022-04-01 $250,000 (9.7%) $310,572 (13.8%) 0.00 145
    2022-05-01 $246,500 (4.9%) $304,565 (11.1%) 0.00 160
    2022-06-01 $244,500 (1.6%) $302,084 (11.1%) 0.00 174
    2022-07-01 $242,000 (-0.3%) $291,441 (4.6%) 0.00 194
    2022-08-01 $242,500 (-0.9%) $285,233 (0.9%) 0.00 173
    2022-09-01 $249,200 (3.9%) $299,264 (1.1%) 0.00 168
    2022-10-01 $239,900 (0.4%) $303,443 (4.6%) 0.00 171
    2022-11-01 $256,500 (7.3%) $301,082 (4.0%) 0.00 169
    2022-12-01 $265,000 (10.2%) $300,599 (5.2%) 0.00 148
    2023-01-01 $299,700 (18.7%) $335,534 (14.0%) 0.00 145
    2023-02-01 $300,500 (19.8%) $340,102 (12.8%) 0.00 137
    2023-03-01 $299,238 (14.4%) $342,103 (10.8%) 0.00 128
    2023-04-01 $290,000 (16.0%) $365,762 (17.8%) 0.00 109
    2023-05-01 $298,750 (21.2%) $338,952 (11.3%) 0.00 114
    2023-06-01 $314,362 (28.6%) $347,127 (14.9%) 0.00 112
    2023-07-01 $319,250 (31.9%) $367,328 (26.0%) 0.00 104
    2023-08-01 $310,883 (28.2%) $333,201 (16.8%) 0.00 116
    2023-09-01 $302,500 (21.4%) $317,504 (6.1%) 0.00 108
    2023-10-01 $296,000 (23.4%) $334,640 (10.3%) 0.00 109
    2023-11-01 $300,000 (17.0%) $331,350 (10.1%) 0.00 111
    2023-12-01 $310,850 (17.3%) $332,696 (10.7%) 0.00 102
    2024-01-01 $317,500 (5.9%) $339,900 (1.3%) 0.00 87
    2024-02-01 $315,213 (4.9%) $361,339 (6.2%) 0.00 76
    2024-03-01 $308,750 (3.2%) $360,340 (5.3%) 0.00 74
    2024-04-01 $295,500 (1.9%) $353,029 (-3.5%) 0.00 86
    2024-05-01 $311,225 (4.2%) $370,866 (9.4%) 0.00 88
    2024-06-01 $325,825 (3.7%) $374,548 (7.9%) 0.00 94
    2024-07-01 $333,280 (4.4%) $347,129 (-5.5%) 0.00 100
    2024-08-01 $317,450 (2.1%) $324,390 (-2.6%) 0.00 108
    2024-09-01 $288,900 (-4.5%) $314,902 (-0.8%) 0.00 118
    2024-10-01 $318,475 (7.6%) $331,881 (-0.8%) 0.00 137
    Carlsbad's median listing price for 2024-10-01 was $318,475, a difference of $22,475 (7.6%) versus the prior year and $29,575 versus the prior month.

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

    Carlsbad's average listing price for 2024-10-01 was $331,881, a difference of $-2,759 (-0.8%) versus the prior year and $16,979 versus the prior month.

    For the 2024-10-01 period, Carlsbad had 137 MLS listings, a difference of 19 listings (16%) versus the prior month and 28 listings (26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Carlsbad (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,713 sqft
    2018-02-01 0 days 1,732 sqft
    2018-03-01 0 days 1,728 sqft
    2018-04-01 0 days 1,721 sqft
    2018-05-01 0 days 1,732 sqft
    2018-06-01 0 days 1,734 sqft
    2018-07-01 0 days 1,739 sqft
    2018-08-01 0 days 1,756 sqft
    2018-09-01 0 days 1,794 sqft
    2018-10-01 0 days 1,802 sqft
    2018-11-01 0 days 1,787 sqft
    2018-12-01 0 days 1,785 sqft
    2019-01-01 0 days 1,986 sqft
    2019-02-01 0 days 2,016 sqft
    2019-03-01 0 days 1,938 sqft
    2019-04-01 0 days 1,845 sqft
    2019-05-01 0 days 1,893 sqft
    2019-06-01 0 days 1,900 sqft
    2019-07-01 0 days 1,896 sqft
    2019-08-01 0 days 1,900 sqft
    2019-09-01 0 days 1,900 sqft
    2019-10-01 0 days 1,873 sqft
    2019-11-01 0 days 1,845 sqft
    2019-12-01 0 days 1,863 sqft
    2020-01-01 0 days 1,889 sqft
    2020-02-01 0 days 1,979 sqft
    2020-03-01 0 days 2,041 sqft
    2020-04-01 0 days 2,034 sqft
    2020-05-01 0 days 1,907 sqft
    2020-06-01 0 days 1,901 sqft
    2020-07-01 0 days 1,860 sqft
    2020-08-01 0 days 1,840 sqft
    2020-09-01 0 days 1,824 sqft
    2020-10-01 0 days 1,842 sqft
    2020-11-01 0 days 1,828 sqft
    2020-12-01 0 days 1,829 sqft
    2021-01-01 0 days 1,831 sqft
    2021-02-01 0 days 1,800 sqft
    2021-03-01 0 days 1,771 sqft
    2021-04-01 0 days 1,762 sqft
    2021-05-01 0 days 1,781 sqft
    2021-06-01 0 days 1,783 sqft
    2021-07-01 0 days 1,818 sqft
    2021-08-01 0 days 1,784 sqft
    2021-09-01 0 days 1,787 sqft
    2021-10-01 0 days 1,761 sqft
    2021-11-01 0 days 1,751 sqft
    2021-12-01 0 days 1,741 sqft
    2022-01-01 0 days 1,760 sqft
    2022-02-01 0 days 1,743 sqft
    2022-03-01 0 days 1,754 sqft
    2022-04-01 0 days 1,766 sqft
    2022-05-01 0 days 1,769 sqft
    2022-06-01 0 days 1,848 sqft
    2022-07-01 0 days 1,788 sqft
    2022-08-01 0 days 1,784 sqft
    2022-09-01 0 days 1,851 sqft
    2022-10-01 0 days 1,828 sqft
    2022-11-01 0 days 1,772 sqft
    2022-12-01 0 days 1,868 sqft
    2023-01-01 0 days 2,009 sqft
    2023-02-01 0 days 2,004 sqft
    2023-03-01 0 days 2,004 sqft
    2023-04-01 0 days 2,043 sqft
    2023-05-01 0 days 1,962 sqft
    2023-06-01 0 days 1,978 sqft
    2023-07-01 0 days 1,992 sqft
    2023-08-01 0 days 1,887 sqft
    2023-09-01 0 days 1,892 sqft
    2023-10-01 0 days 1,933 sqft
    2023-11-01 0 days 1,897 sqft
    2023-12-01 0 days 1,897 sqft
    2024-01-01 0 days 1,871 sqft
    2024-02-01 0 days 1,807 sqft
    2024-03-01 0 days 1,806 sqft
    2024-04-01 0 days 1,805 sqft
    2024-05-01 0 days 1,818 sqft
    2024-06-01 0 days 1,831 sqft
    2024-07-01 0 days 1,834 sqft
    2024-08-01 0 days 1,834 sqft
    2024-09-01 0 days 1,809 sqft
    2024-10-01 0 days 1,847 sqft
    Carlsbad's median listing age (time on market) for 2024-10-01 was 0 days.

    Carlsbad's median square footage for active listings during the 2024-10-01 period was 1,847 sqft. One year prior, the average listing was 1,933 sqft.