Fernley USDA Loan Rates, Closing Costs & Stats

Fernley, NV

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.