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%.

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

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
GUILD MORTGAGE COMPANY 19 3.11% $9,704
GREATER NEVADA LLC 6 3.21% $8,584
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 2.78% $9,108
MOVEMENT MORTGAGE, LLC 4 2.75% $6,196
SUMMIT FUNDING, INC. 4 2.88% $9,386
HOME POINT FINANCIAL CORPORATION 3 2.71% $7,052
ISERVE RESIDENTIAL LENDING, LLC 3 3.04% $9,524
UNITED WHOLESALE MORTGAGE, LLC 2 2.83% $7,293
CROSSCOUNTRY MORTGAGE, LLC 2 3.13% $8,370
MANN FINANCIAL INC. 2 2.94% $12,025
Northpointe Bank 2 2.81% $7,089
Sierra Pacific Mortgage Company, Inc. 2 2.94% $6,620
ALAMEDA MORTGAGE CORPORATION 2 3.00% $8,362
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.25% $6,889
BROKER SOLUTIONS, INC. 1 2.63% $4,539
BAY EQUITY LLC 1 2.75% $9,455
LENDUS, LLC 1 2.75% $9,349
Loan Simple, Inc. 1 3.75% $8,551
SUN WEST MORTGAGE COMPANY, INC. 1 3.11% $7,864
AXIA FINANCIAL, LLC 1 2.75% $7,398
NEWREZ LLC 1 2.63% $6,721
SYNERGY HOME MORTGAGE, LLC 1 3.25% $8,789
Paramount Residential Mortgage Group, Inc. 1 3.38% $7,128
PENNYMAC LOAN SERVICES, LLC 1 3.00% $4,177
AMERICAN FINANCIAL RESOURCES, INC. 1 2.88% $8,123
Umpqua Bank 1 2.50% $4,761
ALL WESTERN MORTGAGE, INC. 1 3.50% $6,852
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.13% $8,623
Flagstar Bank, FSB 1 2.88% $7,361
Colten Mortgage, LLC 1 2.88% $7,171
CELEBRITY HOME LOANS, LLC 1 3.63% $8,392

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. Louis
Date 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 for 2022-12-01 was $412,692, a difference of $-6,308 (-1.5%) versus the prior year and $-13,308 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-12-01 was 0 days.

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.