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 3 lenders originated 4 USDA loans during 2022. The total origination value was $980,000, with an average USDA loan value of $245,000.

Flagstaff USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Flagstaff averaged 6.62% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Flagstaff's average USDA mortgage closing costs are $7,062.

The average rate for the prior week (2024-02-23) was 6.67% and one month ago for the week of 2024-01-26, the average rate was 6.43%.

The average rate one year ago was 6.49%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.57%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Wallick & Volk, Inc. 2 3.31% $6,421
NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.99% $9,214
PENNYMAC LOAN SERVICES, LLC 1 3.00% $6,924

The top Flagstaff USDA lender as defined by loan originations is Wallick & Volk, Inc., with 2 USDA loans originated. Their average total fees are $6,421, which is $2,793 lower than the next largest lender, NOVA FINANCIAL & INVESTMENT CORPORATION.

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 (5.4%) $656,228 (-3.8%) 0.00 510
2018-02-01 $518,000 (9.1%) $666,948 (-3.4%) 0.00 516
2018-03-01 $499,000 (5.1%) $683,634 (-0.2%) 0.00 540
2018-04-01 $502,725 (7.2%) $683,814 (3.8%) 0.00 581
2018-05-01 $499,000 (2.9%) $662,935 (0.2%) 0.00 626
2018-06-01 $485,000 (5.6%) $647,319 (0.3%) 0.00 731
2018-07-01 $471,350 (4.8%) $636,095 (0.3%) 0.00 780
2018-08-01 $456,250 (1.4%) $622,870 (-1.4%) 0.00 782
2018-09-01 $450,000 (-1.1%) $614,662 (-5.9%) 0.00 785
2018-10-01 $449,225 (-3.6%) $599,006 (-10.7%) 0.00 751
2018-11-01 $451,225 (-8.3%) $602,100 (-12.4%) 0.00 695
2018-12-01 $450,000 (-10.8%) $609,854 (-9.4%) 0.00 601
2019-01-01 $449,375 (-9.3%) $608,426 (-7.3%) 0.00 558
2019-02-01 $459,000 (-11.4%) $635,858 (-4.7%) 0.00 545
2019-03-01 $463,514 (-7.1%) $659,822 (-3.5%) 0.00 567
2019-04-01 $455,392 (-9.4%) $646,919 (-5.4%) 0.00 614
2019-05-01 $449,938 (-9.8%) $634,303 (-4.3%) 0.00 686
2019-06-01 $438,000 (-9.7%) $626,803 (-3.2%) 0.00 731
2019-07-01 $436,750 (-7.3%) $619,251 (-2.7%) 0.00 788
2019-08-01 $440,545 (-3.4%) $622,641 (0.0%) 0.00 758
2019-09-01 $445,864 (-0.9%) $630,968 (2.7%) 0.00 710
2019-10-01 $450,000 (0.2%) $639,753 (6.8%) 0.00 671
2019-11-01 $468,900 (3.9%) $644,205 (7.0%) 0.00 582
2019-12-01 $484,753 (7.7%) $662,456 (8.6%) 0.00 486
2020-01-01 $479,625 (6.7%) $659,922 (8.5%) 0.00 399
2020-02-01 $509,000 (10.9%) $692,135 (8.9%) 0.00 368
2020-03-01 $535,200 (15.5%) $688,957 (4.4%) 0.00 418
2020-04-01 $517,250 (13.6%) $663,608 (2.6%) 0.00 480
2020-05-01 $515,000 (14.5%) $656,921 (3.6%) 0.00 461
2020-06-01 $491,975 (12.3%) $649,732 (3.7%) 0.00 407
2020-07-01 $486,750 (11.5%) $643,642 (3.9%) 0.00 362
2020-08-01 $535,000 (21.4%) $680,410 (9.3%) 0.00 279
2020-09-01 $557,475 (25.0%) $715,009 (13.3%) 0.00 216
2020-10-01 $564,000 (25.3%) $766,520 (19.8%) 0.00 180
2020-11-01 $586,250 (25.0%) $796,066 (23.6%) 0.00 153
2020-12-01 $575,250 (18.7%) $762,840 (15.2%) 0.00 129
2021-01-01 $643,750 (34.2%) $810,820 (22.9%) 0.00 113
2021-02-01 $635,975 (25.0%) $820,442 (18.5%) 0.00 109
2021-03-01 $614,750 (14.9%) $832,349 (20.8%) 0.00 109
2021-04-01 $637,450 (23.2%) $834,230 (25.7%) 0.00 148
2021-05-01 $635,000 (23.3%) $851,437 (29.6%) 0.00 178
2021-06-01 $649,900 (32.1%) $854,033 (31.4%) 0.00 217
2021-07-01 $633,750 (30.2%) $883,947 (37.3%) 0.00 228
2021-08-01 $646,000 (20.8%) $895,640 (31.6%) 0.00 239
2021-09-01 $639,675 (14.8%) $928,515 (29.9%) 0.00 239
2021-10-01 $650,000 (15.3%) $962,107 (25.5%) 0.00 180
2021-11-01 $681,725 (16.3%) $1,032,774 (29.7%) 0.00 168
2021-12-01 $645,475 (12.2%) $993,386 (30.2%) 0.00 153
2022-01-01 $672,450 (4.5%) $1,048,538 (29.3%) 0.00 134
2022-02-01 $674,611 (6.1%) $1,039,074 (26.7%) 0.00 128
2022-03-01 $697,450 (13.5%) $952,519 (14.4%) 0.00 134
2022-04-01 $715,000 (12.2%) $953,887 (14.3%) 0.00 192
2022-05-01 $729,975 (15.0%) $971,860 (14.1%) 0.00 282
2022-06-01 $725,000 (11.6%) $964,538 (12.9%) 0.00 389
2022-07-01 $700,000 (10.5%) $936,683 (6.0%) 0.00 467
2022-08-01 $718,875 (11.3%) $964,247 (7.7%) 0.00 437
2022-09-01 $734,500 (14.8%) $945,346 (1.8%) 0.00 399
2022-10-01 $750,000 (15.4%) $984,791 (2.4%) 0.00 412
2022-11-01 $739,000 (8.4%) $981,848 (-4.9%) 0.00 365
2022-12-01 $715,000 (10.8%) $980,094 (-1.3%) 0.00 331
2023-01-01 $745,500 (10.9%) $1,048,913 (0.0%) 0.00 280
2023-02-01 $738,250 (9.4%) $1,087,352 (4.7%) 0.00 276
2023-03-01 $738,500 (5.9%) $1,089,654 (14.4%) 0.00 257
2023-04-01 $732,500 (2.5%) $1,134,335 (18.9%) 0.00 279
2023-05-01 $758,750 (3.9%) $1,149,996 (18.3%) 0.00 353
2023-06-01 $735,000 (1.4%) $1,074,734 (11.4%) 0.00 399
2023-07-01 $734,000 (4.9%) $1,071,476 (14.4%) 0.00 433
2023-08-01 $714,950 (-0.6%) $1,046,521 (8.5%) 0.00 463
2023-09-01 $722,030 (-1.7%) $1,083,966 (14.7%) 0.00 453
2023-10-01 $733,500 (-2.2%) $1,038,779 (5.5%) 0.00 450
2023-11-01 $735,000 (-0.5%) $1,087,357 (10.8%) 0.00 418
2023-12-01 $740,000 (3.5%) $1,096,642 (11.9%) 0.00 359
2024-01-01 $740,000 (-0.7%) $1,077,223 (2.7%) 0.00 306
Flagstaff's median listing price for 2024-01-01 was $740,000, a difference of $-5,500 (-0.7%) versus the prior year and $0 versus the prior month.

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

Flagstaff's average listing price for 2024-01-01 was $1,077,223, a difference of $28,310 (2.7%) versus the prior year and $-19,419 versus the prior month.

For the 2024-01-01 period, Flagstaff had 306 MLS listings, a difference of -53 listings (-15%) versus the prior month and 26 listings (9%) 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 2,441 sqft
2018-04-01 0 days 2,444 sqft
2018-05-01 0 days 2,421 sqft
2018-06-01 0 days 2,402 sqft
2018-07-01 0 days 2,352 sqft
2018-08-01 0 days 2,305 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 2,166 sqft
2019-05-01 0 days 2,134 sqft
2019-06-01 0 days 2,112 sqft
2019-07-01 0 days 2,075 sqft
2019-08-01 0 days 2,105 sqft
2019-09-01 0 days 2,150 sqft
2019-10-01 0 days 2,184 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 2,296 sqft
2020-03-01 0 days 2,321 sqft
2020-04-01 0 days 2,201 sqft
2020-05-01 0 days 2,207 sqft
2020-06-01 0 days 2,177 sqft
2020-07-01 0 days 2,181 sqft
2020-08-01 0 days 2,147 sqft
2020-09-01 0 days 2,186 sqft
2020-10-01 0 days 2,196 sqft
2020-11-01 0 days 2,218 sqft
2020-12-01 0 days 2,124 sqft
2021-01-01 0 days 2,202 sqft
2021-02-01 0 days 2,056 sqft
2021-03-01 0 days 2,163 sqft
2021-04-01 0 days 2,092 sqft
2021-05-01 0 days 2,077 sqft
2021-06-01 0 days 2,052 sqft
2021-07-01 0 days 2,005 sqft
2021-08-01 0 days 2,013 sqft
2021-09-01 0 days 2,031 sqft
2021-10-01 0 days 2,071 sqft
2021-11-01 0 days 2,108 sqft
2021-12-01 0 days 2,061 sqft
2022-01-01 0 days 2,063 sqft
2022-02-01 0 days 2,068 sqft
2022-03-01 0 days 2,074 sqft
2022-04-01 0 days 2,004 sqft
2022-05-01 0 days 2,030 sqft
2022-06-01 0 days 2,044 sqft
2022-07-01 0 days 2,007 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 2,051 sqft
2022-12-01 0 days 2,004 sqft
2023-01-01 0 days 2,051 sqft
2023-02-01 0 days 2,028 sqft
2023-03-01 0 days 2,024 sqft
2023-04-01 0 days 2,033 sqft
2023-05-01 0 days 2,101 sqft
2023-06-01 0 days 2,052 sqft
2023-07-01 0 days 2,065 sqft
2023-08-01 0 days 2,093 sqft
2023-09-01 0 days 2,104 sqft
2023-10-01 0 days 2,087 sqft
2023-11-01 0 days 2,120 sqft
2023-12-01 0 days 2,121 sqft
2024-01-01 0 days 2,124 sqft
Flagstaff's median listing age (time on market) for 2024-01-01 was 0 days.

Flagstaff's median square footage for active listings during the 2024-01-01 period was 2,124 sqft. One year prior, the average listing was 2,051 sqft.