Flagstaff USDA Loan Rates, Closing Costs & Stats

FLAGSTAFF, AZ

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.

Flagstaff's 12 lenders originated 26 USDA loans during 2021. The total origination value was $9,520,000, with an average USDA loan value of $366,154.

Flagstaff USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Flagstaff averaged 6.54% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Flagstaff's average USDA mortgage closing costs are $7,054.

The average rate for the prior week (2022-11-25) was 6.58% and one month ago for the week of 2022-10-28, the average rate was 6.95%.

The average rate one year ago was 3.55%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.27%.

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

Flagstaff 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 Flagstaff level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.29% $11,657
STARBOARD FINANCIAL MANAGEMENT, LLC 2 2.88% $6,432
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.44% $6,566
CITYWIDE HOME LOANS, LLC 2 2.88% $6,940
Wallick & Volk, Inc. 2 3.00% $7,499
UNION HOME MORTGAGE CORP. 1 2.75% $6,084
UNITED WHOLESALE MORTGAGE, LLC 1 2.50% $4,705
PENNYMAC LOAN SERVICES, LLC 1 3.00% $4,157
Colten Mortgage, LLC 1 3.50% $4,293
GENEVA FINANCIAL, LLC 1 3.00% $7,905
LHM FINANCIAL CORPORATION 1 3.25% $5,917
AMERICAN FINANCIAL NETWORK, INC. 1 3.63% $11,025

The top Flagstaff USDA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 3 USDA loans originated. Their average total fees are $11,657, which is $5,225 higher than the next largest lender, STARBOARD FINANCIAL MANAGEMENT, LLC.

The lowest fee Flagstaff USDA lenders (with over 10 loans originated) are .

The lowest rate Flagstaff USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Flagstaff (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 $495,342 (4.7%) $656,228 (-4.0%) 0.00 510
2018-02-01 $518,000 (9.1%) $666,948 (-3.6%) 0.00 516
2018-03-01 $499,000 (5.1%) $685,510 (-0.1%) 0.00 541
2018-04-01 $505,500 (7.7%) $685,529 (3.9%) 0.00 582
2018-05-01 $499,000 (2.9%) $664,537 (0.3%) 0.00 627
2018-06-01 $485,000 (5.5%) $647,319 (0.2%) 0.00 731
2018-07-01 $471,350 (4.8%) $636,095 (0.2%) 0.00 780
2018-08-01 $456,625 (1.5%) $623,268 (-1.5%) 0.00 781
2018-09-01 $450,000 (-1.1%) $616,458 (-4.6%) 0.00 785
2018-10-01 $449,688 (-3.2%) $600,882 (-9.4%) 0.00 751
2018-11-01 $453,500 (-7.7%) $604,184 (-11.0%) 0.00 695
2018-12-01 $459,000 (-9.0%) $612,167 (-9.0%) 0.00 601
2019-01-01 $449,700 (-9.2%) $610,909 (-6.9%) 0.00 558
2019-02-01 $459,000 (-11.4%) $638,459 (-4.3%) 0.00 544
2019-03-01 $463,829 (-7.1%) $659,221 (-3.8%) 0.00 566
2019-04-01 $457,600 (-9.5%) $649,031 (-5.3%) 0.00 614
2019-05-01 $449,975 (-9.8%) $636,282 (-4.3%) 0.00 686
2019-06-01 $438,500 (-9.6%) $628,643 (-2.9%) 0.00 731
2019-07-01 $438,000 (-7.1%) $621,285 (-2.3%) 0.00 789
2019-08-01 $442,000 (-3.2%) $624,141 (0.1%) 0.00 759
2019-09-01 $446,500 (-0.8%) $631,636 (2.5%) 0.00 710
2019-10-01 $450,000 (0.1%) $639,763 (6.5%) 0.00 671
2019-11-01 $468,900 (3.4%) $644,228 (6.6%) 0.00 582
2019-12-01 $484,753 (5.6%) $662,456 (8.2%) 0.00 487
2020-01-01 $479,625 (6.7%) $659,922 (8.0%) 0.00 400
2020-02-01 $504,950 (10.0%) $691,134 (8.3%) 0.00 369
2020-03-01 $532,475 (14.8%) $687,043 (4.2%) 0.00 420
2020-04-01 $513,950 (12.3%) $661,994 (2.0%) 0.00 482
2020-05-01 $515,000 (14.5%) $656,019 (3.1%) 0.00 463
2020-06-01 $490,225 (11.8%) $648,482 (3.2%) 0.00 408
2020-07-01 $484,750 (10.7%) $642,762 (3.5%) 0.00 363
2020-08-01 $535,000 (21.0%) $679,260 (8.8%) 0.00 280
2020-09-01 $550,000 (23.2%) $713,390 (12.9%) 0.00 217
2020-10-01 $563,000 (25.1%) $764,318 (19.5%) 0.00 181
2020-11-01 $585,000 (24.8%) $793,282 (23.1%) 0.00 154
2020-12-01 $574,500 (18.5%) $759,952 (14.7%) 0.00 130
2021-01-01 $638,500 (33.1%) $806,960 (22.3%) 0.00 114
2021-02-01 $632,450 (25.3%) $816,452 (18.1%) 0.00 110
2021-03-01 $607,500 (14.1%) $828,343 (20.6%) 0.00 110
2021-04-01 $634,600 (23.5%) $831,060 (25.5%) 0.00 149
2021-05-01 $632,000 (22.7%) $848,774 (29.4%) 0.00 179
2021-06-01 $649,900 (32.6%) $851,887 (31.4%) 0.00 218
2021-07-01 $629,000 (29.8%) $881,845 (37.2%) 0.00 229
2021-08-01 $643,500 (20.3%) $893,508 (31.5%) 0.00 240
2021-09-01 $639,225 (16.2%) $926,276 (29.8%) 0.00 240
2021-10-01 $650,000 (15.5%) $962,186 (25.9%) 0.00 180
2021-11-01 $679,450 (16.2%) $1,029,052 (29.7%) 0.00 169
2021-12-01 $644,500 (12.2%) $989,572 (30.2%) 0.00 154
2022-01-01 $669,900 (4.9%) $1,043,755 (29.3%) 0.00 135
2022-02-01 $673,530 (6.5%) $1,034,510 (26.7%) 0.00 129
2022-03-01 $697,450 (14.8%) $948,448 (14.5%) 0.00 135
2022-04-01 $715,000 (12.7%) $951,070 (14.4%) 0.00 193
2022-05-01 $727,475 (15.1%) $972,131 (14.5%) 0.00 283
2022-06-01 $725,000 (11.6%) $962,967 (13.0%) 0.00 390
2022-07-01 $700,000 (11.3%) $935,412 (6.1%) 0.00 468
2022-08-01 $718,250 (11.6%) $962,864 (7.8%) 0.00 438
2022-09-01 $737,875 (15.4%) $943,889 (1.9%) 0.00 400
2022-10-01 $750,000 (15.4%) $983,222 (2.2%) 0.00 413
2022-11-01 $733,438 (8.0%) $980,086 (-4.8%) 0.00 366
Flagstaff's median listing price for 2022-11-01 was $733,438, a difference of $53,988 (8.0%) versus the prior year and $-16,562 versus the prior month.

Flagstaff's median listing price comes in at 0% of the national average.

Flagstaff's average listing price for 2022-11-01 was $980,086, a difference of $-48,966 (-4.8%) versus the prior year and $-3,136 versus the prior month.

For the 2022-11-01 period, Flagstaff had 366 MLS listings, a difference of -47 listings (-11%) versus the prior month and 197 listings (117%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Flagstaff (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,412 sqft
2018-02-01 0 days 2,426 sqft
2018-03-01 0 days 2,442 sqft
2018-04-01 0 days 2,445 sqft
2018-05-01 0 days 2,422 sqft
2018-06-01 0 days 2,402 sqft
2018-07-01 0 days 2,352 sqft
2018-08-01 0 days 2,302 sqft
2018-09-01 0 days 2,279 sqft
2018-10-01 0 days 2,266 sqft
2018-11-01 0 days 2,288 sqft
2018-12-01 0 days 2,240 sqft
2019-01-01 0 days 2,199 sqft
2019-02-01 0 days 2,200 sqft
2019-03-01 0 days 2,182 sqft
2019-04-01 0 days 2,163 sqft
2019-05-01 0 days 2,134 sqft
2019-06-01 0 days 2,114 sqft
2019-07-01 0 days 2,087 sqft
2019-08-01 0 days 2,116 sqft
2019-09-01 0 days 2,156 sqft
2019-10-01 0 days 2,185 sqft
2019-11-01 0 days 2,193 sqft
2019-12-01 0 days 2,200 sqft
2020-01-01 0 days 2,166 sqft
2020-02-01 0 days 2,295 sqft
2020-03-01 0 days 2,315 sqft
2020-04-01 0 days 2,195 sqft
2020-05-01 0 days 2,179 sqft
2020-06-01 0 days 2,170 sqft
2020-07-01 0 days 2,176 sqft
2020-08-01 0 days 2,132 sqft
2020-09-01 0 days 2,185 sqft
2020-10-01 0 days 2,196 sqft
2020-11-01 0 days 2,202 sqft
2020-12-01 0 days 2,112 sqft
2021-01-01 0 days 2,200 sqft
2021-02-01 0 days 2,042 sqft
2021-03-01 0 days 2,152 sqft
2021-04-01 0 days 2,088 sqft
2021-05-01 0 days 2,077 sqft
2021-06-01 0 days 2,042 sqft
2021-07-01 0 days 2,004 sqft
2021-08-01 0 days 2,012 sqft
2021-09-01 0 days 2,030 sqft
2021-10-01 0 days 2,063 sqft
2021-11-01 0 days 2,105 sqft
2021-12-01 0 days 2,052 sqft
2022-01-01 0 days 2,063 sqft
2022-02-01 0 days 2,058 sqft
2022-03-01 0 days 2,069 sqft
2022-04-01 0 days 2,002 sqft
2022-05-01 0 days 2,026 sqft
2022-06-01 0 days 2,044 sqft
2022-07-01 0 days 2,005 sqft
2022-08-01 0 days 2,055 sqft
2022-09-01 0 days 2,095 sqft
2022-10-01 0 days 2,130 sqft
2022-11-01 0 days 2,048 sqft
Flagstaff's median listing age (time on market) for 2022-11-01 was 0 days.

Flagstaff's median square footage for active listings during the 2022-11-01 period was 2,048 sqft. One year prior, the average listing was 2,105 sqft.