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 10 lenders originated 14 USDA loans during 2023. The total origination value was $4,330,000, with an average USDA loan value of $309,286.
Fernley USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Fernley
averaged
-0.3%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Fernley's average USDA mortgage closing costs are $7,867.
The average rate for the prior week (2024-11-22) was
6.11% and
one month ago for the week of 2024-10-25, the
average rate was 5.81%.
The average rate one year ago was 6.81%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.1%.
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.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
CROSSCOUNTRY MORTGAGE, LLC | 4 | 5.67% | $14,540 |
UNITED WHOLESALE MORTGAGE, LLC | 2 | 5.13% | $13,229 |
DRAPER AND KRAMER MORTGAGE CORP. | 1 | 6.13% | $9,959 |
GREATER NEVADA LLC | 1 | 6.75% | $9,272 |
Century Mortgage Company DBA Century Lending Company | 1 | 6.13% | $11,680 |
NEWREZ LLC | 1 | 5.75% | $12,710 |
Paramount Residential Mortgage Group, Inc. | 1 | 7.13% | $14,463 |
PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 6.75% | $13,048 |
ISERVE RESIDENTIAL LENDING, LLC | 1 | 6.50% | $5,992 |
DHI MORTGAGE COMPANY, LTD. | 1 | 5.25% | $11,965 |
The top Fernley USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
4 USDA loans originated. Their average total fees are
$14,540, which is $1,311
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Fernley USDA lenders (with over 10 loans originated) are
.
The lowest rate Fernley USDA lenders (with over 10 loans originated) are
.
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%) | $384,900 (3.0%) | 0.00 | 219 |
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%) | $378,583 (-4.1%) | 0.00 | 191 |
2019-03-01 | $330,729 (7.4%) | $387,162 (-0.5%) | 0.00 | 200 |
2019-04-01 | $338,500 (8.5%) | $396,962 (-0.6%) | 0.00 | 212 |
2019-05-01 | $338,380 (9.2%) | $387,663 (-2.8%) | 0.00 | 234 |
2019-06-01 | $339,759 (12.3%) | $387,102 (-1.7%) | 0.00 | 240 |
2019-07-01 | $340,000 (13.4%) | $383,466 (-1.9%) | 0.00 | 267 |
2019-08-01 | $337,695 (13.7%) | $379,837 (-1.3%) | 0.00 | 269 |
2019-09-01 | $334,239 (11.7%) | $376,545 (0.7%) | 0.00 | 266 |
2019-10-01 | $332,580 (11.4%) | $375,364 (5.4%) | 0.00 | 262 |
2019-11-01 | $339,000 (13.1%) | $384,322 (8.3%) | 0.00 | 241 |
2019-12-01 | $334,250 (11.4%) | $380,317 (2.3%) | 0.00 | 217 |
2020-01-01 | $334,900 (9.8%) | $383,125 (3.5%) | 0.00 | 188 |
2020-02-01 | $340,000 (5.5%) | $386,339 (2.1%) | 0.00 | 183 |
2020-03-01 | $340,825 (3.1%) | $389,000 (0.5%) | 0.00 | 187 |
2020-04-01 | $329,975 (-2.5%) | $380,850 (-4.1%) | 0.00 | 203 |
2020-05-01 | $338,799 (0.1%) | $398,957 (2.9%) | 0.00 | 174 |
2020-06-01 | $351,225 (3.4%) | $429,693 (11.0%) | 0.00 | 161 |
2020-07-01 | $362,003 (6.5%) | $430,266 (12.2%) | 0.00 | 155 |
2020-08-01 | $364,900 (8.1%) | $428,483 (12.8%) | 0.00 | 134 |
2020-09-01 | $380,269 (13.8%) | $450,941 (19.8%) | 0.00 | 125 |
2020-10-01 | $359,900 (8.2%) | $423,960 (13.0%) | 0.00 | 120 |
2020-11-01 | $355,000 (4.7%) | $431,449 (12.3%) | 0.00 | 91 |
2020-12-01 | $347,537 (4.0%) | $425,064 (11.8%) | 0.00 | 74 |
2021-01-01 | $334,900 (0.0%) | $426,023 (11.2%) | 0.00 | 63 |
2021-02-01 | $352,500 (3.7%) | $430,285 (11.4%) | 0.00 | 47 |
2021-03-01 | $332,450 (-2.5%) | $436,655 (12.3%) | 0.00 | 46 |
2021-04-01 | $362,475 (9.9%) | $421,360 (10.6%) | 0.00 | 77 |
2021-05-01 | $386,950 (14.2%) | $449,503 (12.7%) | 0.00 | 71 |
2021-06-01 | $414,900 (18.1%) | $481,592 (12.1%) | 0.00 | 68 |
2021-07-01 | $416,200 (15.0%) | $503,526 (17.0%) | 0.00 | 73 |
2021-08-01 | $423,725 (16.1%) | $492,547 (15.0%) | 0.00 | 112 |
2021-09-01 | $427,500 (12.4%) | $500,405 (11.0%) | 0.00 | 118 |
2021-10-01 | $419,000 (16.4%) | $483,274 (14.0%) | 0.00 | 150 |
2021-11-01 | $418,750 (18.0%) | $477,405 (10.7%) | 0.00 | 155 |
2021-12-01 | $419,000 (20.6%) | $497,695 (17.1%) | 0.00 | 125 |
2022-01-01 | $419,900 (25.4%) | $527,266 (23.8%) | 0.00 | 108 |
2022-02-01 | $429,000 (21.7%) | $534,931 (24.3%) | 0.00 | 90 |
2022-03-01 | $433,450 (30.4%) | $535,949 (22.7%) | 0.00 | 88 |
2022-04-01 | $446,000 (23.0%) | $547,972 (30.1%) | 0.00 | 115 |
2022-05-01 | $453,225 (17.1%) | $547,941 (21.9%) | 0.00 | 152 |
2022-06-01 | $439,950 (6.0%) | $519,450 (7.9%) | 0.00 | 193 |
2022-07-01 | $442,500 (6.3%) | $514,861 (2.3%) | 0.00 | 254 |
2022-08-01 | $443,725 (4.7%) | $504,173 (2.4%) | 0.00 | 287 |
2022-09-01 | $430,241 (0.6%) | $488,131 (-2.5%) | 0.00 | 316 |
2022-10-01 | $425,000 (1.4%) | $490,338 (1.5%) | 0.00 | 304 |
2022-11-01 | $426,000 (1.7%) | $490,839 (2.8%) | 0.00 | 279 |
2022-12-01 | $415,000 (-1.0%) | $463,883 (-6.8%) | 0.00 | 247 |
2023-01-01 | $400,000 (-4.7%) | $484,208 (-8.2%) | 0.00 | 215 |
2023-02-01 | $423,426 (-1.3%) | $496,685 (-7.2%) | 0.00 | 188 |
2023-03-01 | $435,248 (0.4%) | $505,042 (-5.8%) | 0.00 | 164 |
2023-04-01 | $430,000 (-3.6%) | $515,834 (-5.9%) | 0.00 | 147 |
2023-05-01 | $436,747 (-3.6%) | $516,932 (-5.7%) | 0.00 | 147 |
2023-06-01 | $438,725 (-0.3%) | $487,820 (-6.1%) | 0.00 | 153 |
2023-07-01 | $447,500 (1.1%) | $494,372 (-4.0%) | 0.00 | 160 |
2023-08-01 | $439,923 (-0.9%) | $494,380 (-1.9%) | 0.00 | 162 |
2023-09-01 | $444,900 (3.4%) | $503,804 (3.2%) | 0.00 | 191 |
2023-10-01 | $435,250 (2.4%) | $498,858 (1.7%) | 0.00 | 187 |
2023-11-01 | $445,000 (4.5%) | $497,395 (1.3%) | 0.00 | 188 |
2023-12-01 | $435,000 (4.8%) | $493,950 (6.5%) | 0.00 | 166 |
2024-01-01 | $446,074 (11.5%) | $500,223 (3.3%) | 0.00 | 149 |
2024-02-01 | $447,245 (5.6%) | $502,440 (1.2%) | 0.00 | 140 |
2024-03-01 | $445,079 (2.3%) | $500,436 (-0.9%) | 0.00 | 146 |
2024-04-01 | $436,225 (1.5%) | $485,683 (-5.9%) | 0.00 | 133 |
2024-05-01 | $449,000 (2.8%) | $504,146 (-2.5%) | 0.00 | 157 |
2024-06-01 | $435,250 (-0.8%) | $493,229 (1.1%) | 0.00 | 189 |
2024-07-01 | $439,950 (-1.7%) | $498,678 (0.9%) | 0.00 | 208 |
2024-08-01 | $449,975 (2.3%) | $511,388 (3.4%) | 0.00 | 217 |
2024-09-01 | $446,495 (0.4%) | $527,860 (4.8%) | 0.00 | 201 |
2024-10-01 | $452,438 (4.0%) | $531,205 (6.5%) | 0.00 | 218 |
Fernley's median listing price comes in at 0% of the national average.
Fernley's average listing price for 2024-10-01 was $531,205, a difference of $32,347 (6.5%) versus the prior year and $3,345 versus the prior month.
For the 2024-10-01 period, Fernley had 218 MLS listings, a difference of 17 listings (8%) versus the prior month and 31 listings (17%) 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 | 1,876 sqft |
2019-03-01 | 0 days | 1,891 sqft |
2019-04-01 | 0 days | 1,915 sqft |
2019-05-01 | 0 days | 1,887 sqft |
2019-06-01 | 0 days | 1,912 sqft |
2019-07-01 | 0 days | 1,906 sqft |
2019-08-01 | 0 days | 1,880 sqft |
2019-09-01 | 0 days | 1,841 sqft |
2019-10-01 | 0 days | 1,814 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 | 1,795 sqft |
2020-05-01 | 0 days | 1,814 sqft |
2020-06-01 | 0 days | 1,917 sqft |
2020-07-01 | 0 days | 1,946 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 | 1,800 sqft |
2020-12-01 | 0 days | 1,752 sqft |
2021-01-01 | 0 days | 1,663 sqft |
2021-02-01 | 0 days | 1,665 sqft |
2021-03-01 | 0 days | 1,606 sqft |
2021-04-01 | 0 days | 1,675 sqft |
2021-05-01 | 0 days | 1,708 sqft |
2021-06-01 | 0 days | 1,824 sqft |
2021-07-01 | 0 days | 1,844 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 | 1,713 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 |
2023-01-01 | 0 days | 1,753 sqft |
2023-02-01 | 0 days | 1,797 sqft |
2023-03-01 | 0 days | 1,807 sqft |
2023-04-01 | 0 days | 1,797 sqft |
2023-05-01 | 0 days | 1,802 sqft |
2023-06-01 | 0 days | 1,825 sqft |
2023-07-01 | 0 days | 1,850 sqft |
2023-08-01 | 0 days | 1,823 sqft |
2023-09-01 | 0 days | 1,839 sqft |
2023-10-01 | 0 days | 1,834 sqft |
2023-11-01 | 0 days | 1,817 sqft |
2023-12-01 | 0 days | 1,911 sqft |
2024-01-01 | 0 days | 1,905 sqft |
2024-02-01 | 0 days | 1,932 sqft |
2024-03-01 | 0 days | 1,903 sqft |
2024-04-01 | 0 days | 1,872 sqft |
2024-05-01 | 0 days | 1,856 sqft |
2024-06-01 | 0 days | 1,815 sqft |
2024-07-01 | 0 days | 1,781 sqft |
2024-08-01 | 0 days | 1,815 sqft |
2024-09-01 | 0 days | 1,820 sqft |
2024-10-01 | 0 days | 1,828 sqft |
Fernley's median square footage for active listings during the 2024-10-01 period was 1,828 sqft. One year prior, the average listing was 1,834 sqft.