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%.

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 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. 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%) $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 for 2024-10-01 was $452,438, a difference of $17,188 (4.0%) versus the prior year and $5,943 versus the prior month.

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. 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 1,876 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 listing age (time on market) for 2024-10-01 was 0 days.

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.