Fallon USDA Loan Rates, Closing Costs & Stats

Fallon, NV

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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.

    Fallon's 3 lenders originated 3 USDA loans during 2023. The total origination value was $875,000, with an average USDA loan value of $291,667.

    Fallon USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Fallon averaged 6.7% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Fallon's average USDA mortgage closing costs are $6,828.

    The average rate for the prior week (2024-04-12) was 6.36% and one month ago for the week of 2024-03-15, the average rate was 6.24%.

    The average rate one year ago was 6.28%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Fallon 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 Fallon level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 1 6.25% $8,447
    Plains Commerce Bank 1 5.13% $8,572
    VAN DYK MORTGAGE CORPORATION 1 6.13% $8,719

    The top Fallon USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 1 USDA loans originated. Their average total fees are $8,447, which is $125 lower than the next largest lender, Plains Commerce Bank.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fallon (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 $243,000 (5.3%) $249,385 (-2.0%) 0.00 39
    2018-02-01 $250,000 (7.3%) $271,856 (8.3%) 0.00 29
    2018-03-01 $285,000 (21.9%) $299,090 (21.2%) 0.00 22
    2018-04-01 $281,700 (25.2%) $293,706 (21.7%) 0.00 30
    2018-05-01 $263,750 (12.6%) $282,687 (12.4%) 0.00 41
    2018-06-01 $271,450 (23.8%) $293,795 (22.0%) 0.00 44
    2018-07-01 $265,000 (15.2%) $287,363 (19.8%) 0.00 50
    2018-08-01 $269,900 (7.6%) $287,046 (9.0%) 0.00 59
    2018-09-01 $262,000 (11.5%) $280,677 (7.8%) 0.00 71
    2018-10-01 $269,900 (8.9%) $279,849 (7.6%) 0.00 81
    2018-11-01 $269,900 (5.1%) $276,845 (2.7%) 0.00 80
    2018-12-01 $270,000 (6.3%) $277,610 (6.9%) 0.00 76
    2019-01-01 $271,250 (11.6%) $280,612 (12.5%) 0.00 75
    2019-02-01 $269,925 (8.0%) $276,320 (1.6%) 0.00 77
    2019-03-01 $268,964 (-5.6%) $278,071 (-7.0%) 0.00 72
    2019-04-01 $271,375 (-3.7%) $280,650 (-4.5%) 0.00 66
    2019-05-01 $276,350 (4.8%) $294,410 (4.2%) 0.00 61
    2019-06-01 $279,875 (3.1%) $307,630 (4.7%) 0.00 71
    2019-07-01 $283,650 (7.0%) $306,904 (6.8%) 0.00 74
    2019-08-01 $285,527 (5.8%) $315,940 (10.1%) 0.00 77
    2019-09-01 $286,468 (9.3%) $326,439 (16.3%) 0.00 77
    2019-10-01 $288,350 (6.8%) $331,780 (18.6%) 0.00 76
    2019-11-01 $280,000 (3.7%) $321,080 (16.0%) 0.00 67
    2019-12-01 $289,800 (7.3%) $326,739 (17.7%) 0.00 59
    2020-01-01 $294,700 (8.7%) $328,905 (17.2%) 0.00 58
    2020-02-01 $294,900 (9.3%) $329,217 (19.1%) 0.00 53
    2020-03-01 $296,500 (10.2%) $326,328 (17.4%) 0.00 69
    2020-04-01 $298,975 (10.2%) $327,707 (16.8%) 0.00 66
    2020-05-01 $294,900 (6.7%) $381,107 (29.5%) 0.00 60
    2020-06-01 $299,500 (7.0%) $444,966 (44.6%) 0.00 38
    2020-07-01 $306,125 (7.9%) $452,529 (47.5%) 0.00 34
    2020-08-01 $349,900 (22.6%) $509,848 (61.4%) 0.00 26
    2020-09-01 $338,000 (18.0%) $516,433 (58.2%) 0.00 22
    2020-10-01 $301,900 (4.7%) $479,083 (44.4%) 0.00 17
    2020-11-01 $295,425 (5.5%) $477,399 (48.7%) 0.00 17
    2020-12-01 $332,500 (14.7%) $504,906 (54.5%) 0.00 23
    2021-01-01 $298,250 (1.2%) $496,807 (51.1%) 0.00 23
    2021-02-01 $322,500 (9.4%) $492,107 (49.5%) 0.00 18
    2021-03-01 $297,436 (0.3%) $497,987 (52.6%) 0.00 19
    2021-04-01 $289,950 (-3.0%) $479,312 (46.3%) 0.00 29
    2021-05-01 $330,000 (11.9%) $440,075 (15.5%) 0.00 23
    2021-06-01 $336,000 (12.2%) $415,635 (-6.6%) 0.00 21
    2021-07-01 $362,500 (18.4%) $438,891 (-3.0%) 0.00 27
    2021-08-01 $390,000 (11.5%) $432,263 (-15.2%) 0.00 36
    2021-09-01 $384,500 (13.8%) $455,837 (-11.7%) 0.00 31
    2021-10-01 $395,000 (30.8%) $457,782 (-4.5%) 0.00 29
    2021-11-01 $352,500 (19.3%) $441,359 (-7.6%) 0.00 31
    2021-12-01 $359,750 (8.2%) $423,048 (-16.2%) 0.00 28
    2022-01-01 $367,250 (23.1%) $389,303 (-21.6%) 0.00 24
    2022-02-01 $377,300 (17.0%) $396,331 (-19.5%) 0.00 25
    2022-03-01 $395,000 (32.8%) $415,830 (-16.5%) 0.00 22
    2022-04-01 $379,950 (31.0%) $416,157 (-13.2%) 0.00 36
    2022-05-01 $394,500 (19.6%) $428,056 (-2.7%) 0.00 47
    2022-06-01 $399,450 (18.9%) $466,254 (12.2%) 0.00 60
    2022-07-01 $395,000 (9.0%) $461,460 (5.1%) 0.00 77
    2022-08-01 $387,350 (-0.7%) $452,190 (4.6%) 0.00 77
    2022-09-01 $388,337 (1.0%) $446,728 (-2.0%) 0.00 74
    2022-10-01 $369,990 (-6.3%) $421,822 (-7.9%) 0.00 84
    2022-11-01 $355,498 (0.9%) $404,733 (-8.3%) 0.00 93
    2022-12-01 $357,990 (-0.5%) $390,858 (-7.6%) 0.00 75
    2023-01-01 $354,993 (-3.3%) $388,849 (-0.1%) 0.00 57
    2023-02-01 $361,473 (-4.2%) $401,656 (1.3%) 0.00 47
    2023-03-01 $370,990 (-6.1%) $404,230 (-2.8%) 0.00 47
    2023-04-01 $386,780 (1.8%) $445,636 (7.1%) 0.00 33
    2023-05-01 $425,750 (7.9%) $450,629 (5.3%) 0.00 26
    2023-06-01 $401,183 (0.4%) $439,474 (-5.7%) 0.00 28
    2023-07-01 $434,000 (9.9%) $498,746 (8.1%) 0.00 32
    2023-08-01 $415,875 (7.4%) $502,631 (11.2%) 0.00 30
    2023-09-01 $435,000 (12.0%) $480,933 (7.7%) 0.00 39
    2023-10-01 $410,000 (10.8%) $472,744 (12.1%) 0.00 46
    2023-11-01 $404,500 (13.8%) $453,159 (12.0%) 0.00 55
    2023-12-01 $397,450 (11.0%) $451,167 (15.4%) 0.00 52
    2024-01-01 $389,725 (9.8%) $422,967 (8.8%) 0.00 48
    2024-02-01 $376,920 (4.3%) $404,017 (0.6%) 0.00 42
    2024-03-01 $399,900 (7.8%) $464,189 (14.8%) 0.00 31
    Fallon's median listing price for 2024-03-01 was $399,900, a difference of $28,910 (7.8%) versus the prior year and $22,980 versus the prior month.

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

    Fallon's average listing price for 2024-03-01 was $464,189, a difference of $59,959 (14.8%) versus the prior year and $60,172 versus the prior month.

    For the 2024-03-01 period, Fallon had 31 MLS listings, a difference of -11 listings (-26%) versus the prior month and -16 listings (-34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fallon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,782 sqft
    2018-02-01 0 days 1,884 sqft
    2018-03-01 0 days 1,987 sqft
    2018-04-01 0 days 1,863 sqft
    2018-05-01 0 days 1,851 sqft
    2018-06-01 0 days 1,767 sqft
    2018-07-01 0 days 1,692 sqft
    2018-08-01 0 days 1,773 sqft
    2018-09-01 0 days 1,653 sqft
    2018-10-01 0 days 1,652 sqft
    2018-11-01 0 days 1,704 sqft
    2018-12-01 0 days 1,732 sqft
    2019-01-01 0 days 1,694 sqft
    2019-02-01 0 days 1,680 sqft
    2019-03-01 0 days 1,715 sqft
    2019-04-01 0 days 1,730 sqft
    2019-05-01 0 days 1,811 sqft
    2019-06-01 0 days 1,853 sqft
    2019-07-01 0 days 1,837 sqft
    2019-08-01 0 days 1,866 sqft
    2019-09-01 0 days 1,879 sqft
    2019-10-01 0 days 1,889 sqft
    2019-11-01 0 days 1,831 sqft
    2019-12-01 0 days 1,852 sqft
    2020-01-01 0 days 1,830 sqft
    2020-02-01 0 days 1,818 sqft
    2020-03-01 0 days 1,865 sqft
    2020-04-01 0 days 1,877 sqft
    2020-05-01 0 days 1,822 sqft
    2020-06-01 0 days 1,820 sqft
    2020-07-01 0 days 1,839 sqft
    2020-08-01 0 days 1,895 sqft
    2020-09-01 0 days 1,772 sqft
    2020-10-01 0 days 1,624 sqft
    2020-11-01 0 days 1,574 sqft
    2020-12-01 0 days 1,654 sqft
    2021-01-01 0 days 1,624 sqft
    2021-02-01 0 days 1,773 sqft
    2021-03-01 0 days 1,589 sqft
    2021-04-01 0 days 1,559 sqft
    2021-05-01 0 days 1,693 sqft
    2021-06-01 0 days 1,602 sqft
    2021-07-01 0 days 1,536 sqft
    2021-08-01 0 days 1,600 sqft
    2021-09-01 0 days 1,643 sqft
    2021-10-01 0 days 1,744 sqft
    2021-11-01 0 days 1,604 sqft
    2021-12-01 0 days 1,568 sqft
    2022-01-01 0 days 1,541 sqft
    2022-02-01 0 days 1,610 sqft
    2022-03-01 0 days 1,640 sqft
    2022-04-01 0 days 1,631 sqft
    2022-05-01 0 days 1,633 sqft
    2022-06-01 0 days 1,713 sqft
    2022-07-01 0 days 1,706 sqft
    2022-08-01 0 days 1,690 sqft
    2022-09-01 0 days 1,710 sqft
    2022-10-01 0 days 1,668 sqft
    2022-11-01 0 days 1,639 sqft
    2022-12-01 0 days 1,636 sqft
    2023-01-01 0 days 1,621 sqft
    2023-02-01 0 days 1,611 sqft
    2023-03-01 0 days 1,616 sqft
    2023-04-01 0 days 1,660 sqft
    2023-05-01 0 days 1,779 sqft
    2023-06-01 0 days 1,752 sqft
    2023-07-01 0 days 1,715 sqft
    2023-08-01 0 days 1,689 sqft
    2023-09-01 0 days 1,777 sqft
    2023-10-01 0 days 1,758 sqft
    2023-11-01 0 days 1,705 sqft
    2023-12-01 0 days 1,660 sqft
    2024-01-01 0 days 1,606 sqft
    2024-02-01 0 days 1,593 sqft
    2024-03-01 0 days 1,632 sqft
    Fallon's median listing age (time on market) for 2024-03-01 was 0 days.

    Fallon's median square footage for active listings during the 2024-03-01 period was 1,632 sqft. One year prior, the average listing was 1,616 sqft.