Clovis USDA Loan Rates, Closing Costs & Stats

Clovis, 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.

    Clovis USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Clovis averaged 5.78% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Clovis's average USDA mortgage closing costs are $4,894.

    The average rate for the prior week (2024-12-06) was 6.22% and one month ago for the week of 2024-11-08, the average rate was 6.33%.

    The average rate one year ago was 6.7%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.5%.

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

    Clovis 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 Clovis level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Clovis (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 $174,900 (10.4%) $190,990 (7.6%) 0.00 314
    2018-02-01 $174,950 (6.4%) $198,694 (10.3%) 0.00 308
    2018-03-01 $175,000 (3.9%) $194,052 (5.3%) 0.00 311
    2018-04-01 $179,450 (5.6%) $202,432 (8.4%) 0.00 294
    2018-05-01 $179,950 (3.7%) $201,801 (7.4%) 0.00 308
    2018-06-01 $180,000 (6.6%) $201,962 (9.1%) 0.00 336
    2018-07-01 $179,925 (6.6%) $200,499 (8.2%) 0.00 355
    2018-08-01 $178,900 (6.1%) $195,154 (7.0%) 0.00 368
    2018-09-01 $179,900 (5.9%) $197,365 (7.4%) 0.00 350
    2018-10-01 $178,750 (5.2%) $197,489 (6.8%) 0.00 326
    2018-11-01 $178,750 (4.0%) $197,240 (4.7%) 0.00 301
    2018-12-01 $179,900 (5.8%) $194,726 (3.8%) 0.00 270
    2019-01-01 $175,000 (0.1%) $190,306 (-0.4%) 0.00 259
    2019-02-01 $173,850 (-0.6%) $190,597 (-4.1%) 0.00 258
    2019-03-01 $179,286 (2.5%) $274,357 (41.4%) 0.00 263
    2019-04-01 $175,536 (-2.2%) $273,499 (35.1%) 0.00 266
    2019-05-01 $182,075 (1.2%) $193,797 (-4.0%) 0.00 269
    2019-06-01 $178,750 (-0.7%) $191,478 (-5.2%) 0.00 282
    2019-07-01 $179,850 (0.0%) $195,073 (-2.7%) 0.00 270
    2019-08-01 $179,382 (0.3%) $194,205 (-0.5%) 0.00 270
    2019-09-01 $178,605 (-0.7%) $191,025 (-3.2%) 0.00 273
    2019-10-01 $173,950 (-2.7%) $186,923 (-5.4%) 0.00 271
    2019-11-01 $165,000 (-7.7%) $177,080 (-10.2%) 0.00 251
    2019-12-01 $164,450 (-8.6%) $176,174 (-9.5%) 0.00 242
    2020-01-01 $161,140 (-7.9%) $172,453 (-9.4%) 0.00 221
    2020-02-01 $159,900 (-8.0%) $171,954 (-9.8%) 0.00 215
    2020-03-01 $158,450 (-11.6%) $174,621 (-36.4%) 0.00 221
    2020-04-01 $157,100 (-10.5%) $171,045 (-37.5%) 0.00 230
    2020-05-01 $159,000 (-12.7%) $176,737 (-8.8%) 0.00 203
    2020-06-01 $168,450 (-5.8%) $178,783 (-6.6%) 0.00 183
    2020-07-01 $170,950 (-5.0%) $180,768 (-7.3%) 0.00 185
    2020-08-01 $179,200 (-0.1%) $186,692 (-3.9%) 0.00 181
    2020-09-01 $176,975 (-0.9%) $190,332 (-0.4%) 0.00 155
    2020-10-01 $173,750 (-0.1%) $192,345 (2.9%) 0.00 148
    2020-11-01 $169,450 (2.7%) $187,055 (5.6%) 0.00 148
    2020-12-01 $167,000 (1.6%) $182,934 (3.8%) 0.00 153
    2021-01-01 $169,000 (4.9%) $180,881 (4.9%) 0.00 155
    2021-02-01 $174,950 (9.4%) $189,815 (10.4%) 0.00 156
    2021-03-01 $167,125 (5.5%) $183,985 (5.4%) 0.00 142
    2021-04-01 $163,750 (4.2%) $185,355 (8.4%) 0.00 120
    2021-05-01 $176,950 (11.3%) $193,813 (9.7%) 0.00 106
    2021-06-01 $177,450 (5.3%) $201,109 (12.5%) 0.00 115
    2021-07-01 $204,000 (19.3%) $205,051 (13.4%) 0.00 98
    2021-08-01 $195,750 (9.2%) $207,718 (11.3%) 0.00 99
    2021-09-01 $194,475 (9.9%) $215,697 (13.3%) 0.00 100
    2021-10-01 $197,450 (13.6%) $218,605 (13.7%) 0.00 97
    2021-11-01 $184,900 (9.1%) $219,116 (17.1%) 0.00 102
    2021-12-01 $186,950 (12.0%) $224,516 (22.7%) 0.00 91
    2022-01-01 $189,000 (11.8%) $252,102 (39.4%) 0.00 65
    2022-02-01 $208,250 (19.0%) $265,655 (40.0%) 0.00 66
    2022-03-01 $199,125 (19.2%) $265,953 (44.6%) 0.00 61
    2022-04-01 $230,000 (40.5%) $268,764 (45.0%) 0.00 62
    2022-05-01 $224,975 (27.1%) $254,780 (31.5%) 0.00 99
    2022-06-01 $219,950 (24.0%) $253,641 (26.1%) 0.00 105
    2022-07-01 $227,450 (11.5%) $258,177 (25.9%) 0.00 113
    2022-08-01 $233,750 (19.4%) $257,904 (24.2%) 0.00 123
    2022-09-01 $223,075 (14.7%) $256,314 (18.8%) 0.00 112
    2022-10-01 $239,500 (21.3%) $270,171 (23.6%) 0.00 112
    2022-11-01 $242,475 (31.1%) $266,743 (21.7%) 0.00 131
    2022-12-01 $240,000 (28.4%) $262,318 (16.8%) 0.00 132
    2023-01-01 $241,950 (28.0%) $263,367 (4.5%) 0.00 116
    2023-02-01 $240,500 (15.5%) $266,339 (0.3%) 0.00 94
    2023-03-01 $242,225 (21.6%) $271,014 (1.9%) 0.00 92
    2023-04-01 $230,000 (0.0%) $259,224 (-3.6%) 0.00 100
    2023-05-01 $224,000 (-0.4%) $248,349 (-2.5%) 0.00 112
    2023-06-01 $240,675 (9.4%) $252,409 (-0.5%) 0.00 109
    2023-07-01 $236,250 (3.9%) $253,256 (-1.9%) 0.00 110
    2023-08-01 $244,500 (4.6%) $260,725 (1.1%) 0.00 114
    2023-09-01 $235,000 (5.4%) $266,693 (4.1%) 0.00 133
    2023-10-01 $244,950 (2.3%) $264,872 (-2.0%) 0.00 147
    2023-11-01 $245,000 (1.0%) $260,197 (-2.5%) 0.00 156
    2023-12-01 $242,000 (0.8%) $252,894 (-3.6%) 0.00 158
    2024-01-01 $243,500 (0.6%) $251,150 (-4.6%) 0.00 140
    2024-02-01 $244,975 (1.9%) $256,825 (-3.6%) 0.00 130
    2024-03-01 $245,000 (1.2%) $259,456 (-4.3%) 0.00 142
    2024-04-01 $240,000 (4.4%) $254,163 (-2.0%) 0.00 164
    2024-05-01 $250,000 (11.6%) $263,956 (6.3%) 0.00 164
    2024-06-01 $244,000 (1.4%) $254,206 (0.7%) 0.00 171
    2024-07-01 $230,000 (-2.7%) $252,313 (-0.4%) 0.00 181
    2024-08-01 $229,700 (-6.1%) $249,425 (-4.3%) 0.00 188
    2024-09-01 $229,000 (-2.6%) $245,235 (-8.1%) 0.00 181
    2024-10-01 $225,000 (-8.1%) $247,516 (-6.6%) 0.00 192
    2024-11-01 $229,500 (-6.3%) $250,097 (-3.9%) 0.00 203
    Clovis's median listing price for 2024-11-01 was $229,500, a difference of $-15,500 (-6.3%) versus the prior year and $4,500 versus the prior month.

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

    Clovis's average listing price for 2024-11-01 was $250,097, a difference of $-10,100 (-3.9%) versus the prior year and $2,581 versus the prior month.

    For the 2024-11-01 period, Clovis had 203 MLS listings, a difference of 11 listings (6%) versus the prior month and 47 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Clovis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,827 sqft
    2018-02-01 0 days 1,841 sqft
    2018-03-01 0 days 1,823 sqft
    2018-04-01 0 days 1,841 sqft
    2018-05-01 0 days 1,832 sqft
    2018-06-01 0 days 1,840 sqft
    2018-07-01 0 days 1,858 sqft
    2018-08-01 0 days 1,844 sqft
    2018-09-01 0 days 1,844 sqft
    2018-10-01 0 days 1,840 sqft
    2018-11-01 0 days 1,854 sqft
    2018-12-01 0 days 1,856 sqft
    2019-01-01 0 days 1,817 sqft
    2019-02-01 0 days 1,825 sqft
    2019-03-01 0 days 1,843 sqft
    2019-04-01 0 days 1,847 sqft
    2019-05-01 0 days 1,853 sqft
    2019-06-01 0 days 1,852 sqft
    2019-07-01 0 days 1,832 sqft
    2019-08-01 0 days 1,814 sqft
    2019-09-01 0 days 1,802 sqft
    2019-10-01 0 days 1,784 sqft
    2019-11-01 0 days 1,752 sqft
    2019-12-01 0 days 1,693 sqft
    2020-01-01 0 days 1,681 sqft
    2020-02-01 0 days 1,691 sqft
    2020-03-01 0 days 1,670 sqft
    2020-04-01 0 days 1,684 sqft
    2020-05-01 0 days 1,712 sqft
    2020-06-01 0 days 1,706 sqft
    2020-07-01 0 days 1,781 sqft
    2020-08-01 0 days 1,777 sqft
    2020-09-01 0 days 1,745 sqft
    2020-10-01 0 days 1,768 sqft
    2020-11-01 0 days 1,718 sqft
    2020-12-01 0 days 1,678 sqft
    2021-01-01 0 days 1,676 sqft
    2021-02-01 0 days 1,721 sqft
    2021-03-01 0 days 1,675 sqft
    2021-04-01 0 days 1,672 sqft
    2021-05-01 0 days 1,749 sqft
    2021-06-01 0 days 1,696 sqft
    2021-07-01 0 days 1,723 sqft
    2021-08-01 0 days 1,765 sqft
    2021-09-01 0 days 1,862 sqft
    2021-10-01 0 days 1,830 sqft
    2021-11-01 0 days 1,742 sqft
    2021-12-01 0 days 1,739 sqft
    2022-01-01 0 days 1,862 sqft
    2022-02-01 0 days 1,805 sqft
    2022-03-01 0 days 1,807 sqft
    2022-04-01 0 days 1,892 sqft
    2022-05-01 0 days 1,771 sqft
    2022-06-01 0 days 1,769 sqft
    2022-07-01 0 days 1,841 sqft
    2022-08-01 0 days 1,795 sqft
    2022-09-01 0 days 1,765 sqft
    2022-10-01 0 days 1,848 sqft
    2022-11-01 0 days 1,897 sqft
    2022-12-01 0 days 1,865 sqft
    2023-01-01 0 days 1,856 sqft
    2023-02-01 0 days 1,851 sqft
    2023-03-01 0 days 1,836 sqft
    2023-04-01 0 days 1,761 sqft
    2023-05-01 0 days 1,707 sqft
    2023-06-01 0 days 1,735 sqft
    2023-07-01 0 days 1,714 sqft
    2023-08-01 0 days 1,706 sqft
    2023-09-01 0 days 1,706 sqft
    2023-10-01 0 days 1,749 sqft
    2023-11-01 0 days 1,798 sqft
    2023-12-01 0 days 1,789 sqft
    2024-01-01 0 days 1,779 sqft
    2024-02-01 0 days 1,703 sqft
    2024-03-01 0 days 1,700 sqft
    2024-04-01 0 days 1,702 sqft
    2024-05-01 0 days 1,738 sqft
    2024-06-01 0 days 1,719 sqft
    2024-07-01 0 days 1,725 sqft
    2024-08-01 0 days 1,724 sqft
    2024-09-01 0 days 1,742 sqft
    2024-10-01 0 days 1,775 sqft
    2024-11-01 0 days 1,695 sqft
    Clovis's median listing age (time on market) for 2024-11-01 was 0 days.

    Clovis's median square footage for active listings during the 2024-11-01 period was 1,695 sqft. One year prior, the average listing was 1,798 sqft.