Fernley USDA Loan Rates, Closing Costs & Stats
Fernley, NV
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.
Fernley's 31 lenders originated 76 USDA loans during 2021. The total origination value was $23,170,000, with an average USDA loan value of $304,868.
Fernley USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Fernley
averaged
6.27%
for the week of 2023-01-27, compared to the national average (all USDA variants) of
6.195% for the same period.
Fernley's average USDA mortgage closing costs are $7,513.
The average rate for the prior week (2023-01-20) was
6.36% and
one month ago for the week of 2022-12-23, the
average rate was 6.39%.
The average rate one year ago was 3.94%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6.09%.
Fernley 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 Fernley level.
The top Fernley USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
19 USDA loans originated. Their average total fees are
$9,704, which is $1,120
higher than the next largest lender,
GREATER NEVADA LLC.
The lowest fee Fernley USDA lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY ($9,704), .
The lowest rate Fernley USDA lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY (3.11%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Fernley (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $303,578 (13.4%) | $378,413 (17.9%) | 0.00 | 195 |
2018-02-01 | $310,950 (15.4%) | $394,669 (18.9%) | 0.00 | 163 |
2018-03-01 | $307,900 (10.7%) | $389,243 (16.4%) | 0.00 | 170 |
2018-04-01 | $312,104 (11.5%) | $399,396 (12.9%) | 0.00 | 164 |
2018-05-01 | $309,890 (3.9%) | $398,655 (6.2%) | 0.00 | 170 |
2018-06-01 | $302,450 (1.3%) | $393,861 (5.8%) | 0.00 | 189 |
2018-07-01 | $299,900 (-4.8%) | $390,705 (2.6%) | 0.00 | 215 |
2018-08-01 | $297,000 (-2.0%) | $385,199 (3.0%) | 0.00 | 220 |
2018-09-01 | $299,250 (0.1%) | $373,931 (0.9%) | 0.00 | 245 |
2018-10-01 | $298,500 (-0.4%) | $356,183 (-3.4%) | 0.00 | 248 |
2018-11-01 | $299,625 (1.6%) | $354,725 (0.6%) | 0.00 | 221 |
2018-12-01 | $300,000 (3.5%) | $371,852 (3.7%) | 0.00 | 208 |
2019-01-01 | $304,950 (0.5%) | $370,293 (-2.2%) | 0.00 | 197 |
2019-02-01 | $322,425 (3.7%) | $378,693 (-4.1%) | 0.00 | 191 |
2019-03-01 | $330,943 (7.5%) | $387,902 (-0.3%) | 0.00 | 201 |
2019-04-01 | $339,000 (8.6%) | $397,537 (-0.5%) | 0.00 | 213 |
2019-05-01 | $338,940 (9.4%) | $388,898 (-2.5%) | 0.00 | 236 |
2019-06-01 | $339,900 (12.4%) | $388,125 (-1.5%) | 0.00 | 242 |
2019-07-01 | $340,250 (13.5%) | $384,519 (-1.6%) | 0.00 | 270 |
2019-08-01 | $338,291 (13.9%) | $380,829 (-1.1%) | 0.00 | 272 |
2019-09-01 | $334,977 (11.9%) | $377,474 (1.0%) | 0.00 | 269 |
2019-10-01 | $333,254 (11.6%) | $376,244 (5.6%) | 0.00 | 265 |
2019-11-01 | $339,450 (13.3%) | $384,549 (8.4%) | 0.00 | 243 |
2019-12-01 | $334,250 (11.4%) | $380,603 (2.4%) | 0.00 | 219 |
2020-01-01 | $334,900 (9.8%) | $383,422 (3.6%) | 0.00 | 190 |
2020-02-01 | $340,000 (5.5%) | $386,605 (2.1%) | 0.00 | 185 |
2020-03-01 | $340,825 (3.0%) | $389,246 (0.4%) | 0.00 | 189 |
2020-04-01 | $331,200 (-2.3%) | $382,448 (-3.8%) | 0.00 | 206 |
2020-05-01 | $338,799 (0.0%) | $399,109 (2.6%) | 0.00 | 176 |
2020-06-01 | $349,999 (3.0%) | $428,806 (10.5%) | 0.00 | 163 |
2020-07-01 | $360,500 (6.0%) | $429,279 (11.6%) | 0.00 | 157 |
2020-08-01 | $362,700 (7.2%) | $428,269 (12.5%) | 0.00 | 136 |
2020-09-01 | $380,269 (13.5%) | $450,363 (19.3%) | 0.00 | 127 |
2020-10-01 | $359,900 (8.0%) | $423,815 (12.6%) | 0.00 | 122 |
2020-11-01 | $354,975 (4.6%) | $430,736 (12.0%) | 0.00 | 92 |
2020-12-01 | $347,537 (4.0%) | $424,804 (11.6%) | 0.00 | 76 |
2021-01-01 | $334,900 (0.0%) | $425,631 (11.0%) | 0.00 | 65 |
2021-02-01 | $352,488 (3.7%) | $426,161 (10.2%) | 0.00 | 48 |
2021-03-01 | $332,000 (-2.6%) | $429,621 (10.4%) | 0.00 | 47 |
2021-04-01 | $360,000 (8.7%) | $421,168 (10.1%) | 0.00 | 79 |
2021-05-01 | $386,950 (14.2%) | $509,239 (27.6%) | 0.00 | 74 |
2021-06-01 | $414,913 (18.6%) | $537,079 (25.3%) | 0.00 | 70 |
2021-07-01 | $418,500 (16.1%) | $526,507 (22.7%) | 0.00 | 76 |
2021-08-01 | $423,725 (16.8%) | $491,336 (14.7%) | 0.00 | 114 |
2021-09-01 | $427,500 (12.4%) | $499,153 (10.8%) | 0.00 | 120 |
2021-10-01 | $419,000 (16.4%) | $482,406 (13.8%) | 0.00 | 152 |
2021-11-01 | $418,750 (18.0%) | $476,687 (10.7%) | 0.00 | 157 |
2021-12-01 | $419,000 (20.6%) | $496,579 (16.9%) | 0.00 | 127 |
2022-01-01 | $419,900 (25.4%) | $527,515 (23.9%) | 0.00 | 109 |
2022-02-01 | $429,000 (21.7%) | $533,423 (25.2%) | 0.00 | 92 |
2022-03-01 | $434,975 (31.0%) | $536,164 (24.8%) | 0.00 | 90 |
2022-04-01 | $446,000 (23.9%) | $545,911 (29.6%) | 0.00 | 117 |
2022-05-01 | $453,225 (17.1%) | $546,303 (7.3%) | 0.00 | 154 |
2022-06-01 | $439,950 (6.0%) | $518,471 (-3.5%) | 0.00 | 195 |
2022-07-01 | $442,500 (5.7%) | $514,052 (-2.4%) | 0.00 | 256 |
2022-08-01 | $443,725 (4.7%) | $503,580 (2.5%) | 0.00 | 289 |
2022-09-01 | $430,241 (0.6%) | $487,695 (-2.3%) | 0.00 | 318 |
2022-10-01 | $425,000 (1.4%) | $489,884 (1.6%) | 0.00 | 306 |
2022-11-01 | $426,000 (1.7%) | $490,338 (2.9%) | 0.00 | 281 |
2022-12-01 | $412,692 (-1.5%) | $461,275 (-7.1%) | 0.00 | 251 |
Fernley's median listing price comes in at 0% of the national average.
Fernley's average listing price for 2022-12-01 was $461,275, a difference of $-35,304 (-7.1%) versus the prior year and $-29,063 versus the prior month.
For the 2022-12-01 period, Fernley had 251 MLS listings, a difference of -30 listings (-11%) versus the prior month and 124 listings (98%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fernley (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,930 sqft |
2018-02-01 | 0 days | 1,997 sqft |
2018-03-01 | 0 days | 1,930 sqft |
2018-04-01 | 0 days | 1,930 sqft |
2018-05-01 | 0 days | 1,912 sqft |
2018-06-01 | 0 days | 1,850 sqft |
2018-07-01 | 0 days | 1,826 sqft |
2018-08-01 | 0 days | 1,822 sqft |
2018-09-01 | 0 days | 1,815 sqft |
2018-10-01 | 0 days | 1,825 sqft |
2018-11-01 | 0 days | 1,830 sqft |
2018-12-01 | 0 days | 1,844 sqft |
2019-01-01 | 0 days | 1,832 sqft |
2019-02-01 | 0 days | 1,882 sqft |
2019-03-01 | 0 days | 1,909 sqft |
2019-04-01 | 0 days | 1,921 sqft |
2019-05-01 | 0 days | 1,901 sqft |
2019-06-01 | 0 days | 1,913 sqft |
2019-07-01 | 0 days | 1,908 sqft |
2019-08-01 | 0 days | 1,882 sqft |
2019-09-01 | 0 days | 1,841 sqft |
2019-10-01 | 0 days | 1,818 sqft |
2019-11-01 | 0 days | 1,877 sqft |
2019-12-01 | 0 days | 1,870 sqft |
2020-01-01 | 0 days | 1,837 sqft |
2020-02-01 | 0 days | 1,835 sqft |
2020-03-01 | 0 days | 1,870 sqft |
2020-04-01 | 0 days | 1,797 sqft |
2020-05-01 | 0 days | 1,814 sqft |
2020-06-01 | 0 days | 1,913 sqft |
2020-07-01 | 0 days | 1,939 sqft |
2020-08-01 | 0 days | 1,864 sqft |
2020-09-01 | 0 days | 1,968 sqft |
2020-10-01 | 0 days | 1,860 sqft |
2020-11-01 | 0 days | 1,799 sqft |
2020-12-01 | 0 days | 1,752 sqft |
2021-01-01 | 0 days | 1,663 sqft |
2021-02-01 | 0 days | 1,664 sqft |
2021-03-01 | 0 days | 1,595 sqft |
2021-04-01 | 0 days | 1,675 sqft |
2021-05-01 | 0 days | 1,722 sqft |
2021-06-01 | 0 days | 1,841 sqft |
2021-07-01 | 0 days | 1,850 sqft |
2021-08-01 | 0 days | 1,838 sqft |
2021-09-01 | 0 days | 1,903 sqft |
2021-10-01 | 0 days | 1,786 sqft |
2021-11-01 | 0 days | 1,749 sqft |
2021-12-01 | 0 days | 1,747 sqft |
2022-01-01 | 0 days | 1,750 sqft |
2022-02-01 | 0 days | 1,718 sqft |
2022-03-01 | 0 days | 1,721 sqft |
2022-04-01 | 0 days | 1,768 sqft |
2022-05-01 | 0 days | 1,851 sqft |
2022-06-01 | 0 days | 1,821 sqft |
2022-07-01 | 0 days | 1,846 sqft |
2022-08-01 | 0 days | 1,814 sqft |
2022-09-01 | 0 days | 1,749 sqft |
2022-10-01 | 0 days | 1,749 sqft |
2022-11-01 | 0 days | 1,786 sqft |
2022-12-01 | 0 days | 1,755 sqft |
Fernley's median square footage for active listings during the 2022-12-01 period was 1,755 sqft. One year prior, the average listing was 1,747 sqft.