Fresno USDA Loan Rates, Closing Costs & Stats

FRESNO, CA

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.

Fresno's 6 lenders originated 19 USDA loans during 2023. The total origination value was $7,165,000, with an average USDA loan value of $377,105.

Fresno USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Fresno averaged 6.57% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Fresno's average USDA mortgage closing costs are $7,871.

The average rate for the prior week (2024-04-05) was 6.39% and one month ago for the week of 2024-03-08, the average rate was 6.65%.

The average rate one year ago was 6.36%.

For refis of the same type during the week of 2024-04-12, the average rate was 7.01%.

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

Fresno 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 Fresno level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 5 5.82% $12,564
Century Mortgage Company DBA Century Lending Company 4 5.22% $15,365
Sierra Pacific Mortgage Company, Inc. 3 6.00% $17,486
ALAMEDA MORTGAGE CORPORATION 2 6.00% $15,541
CMG MORTGAGE, INC. 1 5.25% $12,386
Flagstar Bank, FSB 1 6.25% $7,465

The top Fresno USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 5 USDA loans originated. Their average total fees are $12,564, which is $2,802 lower than the next largest lender, Century Mortgage Company DBA Century Lending Company.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fresno (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 $299,983 (11.6%) $387,404 (6.5%) 1.11 1,262
2018-02-01 $299,575 (11.2%) $389,521 (7.2%) 1.09 1,278
2018-03-01 $300,000 (11.1%) $397,689 (8.6%) 1.05 1,322
2018-04-01 $310,593 (7.5%) $399,753 (6.4%) 1.05 1,389
2018-05-01 $313,000 (4.4%) $407,362 (3.2%) 1.05 1,456
2018-06-01 $315,000 (2.4%) $413,073 (3.0%) 1.05 1,553
2018-07-01 $315,000 (5.0%) $406,358 (1.5%) 1.05 1,634
2018-08-01 $316,500 (5.7%) $400,591 (0.6%) 1.06 1,738
2018-09-01 $312,425 (4.5%) $393,909 (0.9%) 1.05 1,842
2018-10-01 $309,450 (3.2%) $399,082 (2.8%) 1.05 1,909
2018-11-01 $305,000 (0.3%) $395,945 (1.9%) 1.03 1,863
2018-12-01 $305,000 (1.2%) $394,482 (1.8%) 1.05 1,689
2019-01-01 $299,936 (0.0%) $376,876 (-2.7%) 1.04 1,566
2019-02-01 $299,975 (0.1%) $379,081 (-2.7%) 1.01 1,634
2019-03-01 $308,473 (2.8%) $390,744 (-1.8%) 1.01 1,635
2019-04-01 $314,225 (1.2%) $390,572 (-2.3%) 1.00 1,696
2019-05-01 $320,000 (2.2%) $397,458 (-2.4%) 1.00 1,737
2019-06-01 $330,000 (4.8%) $404,158 (-2.2%) 1.03 1,771
2019-07-01 $338,970 (7.6%) $413,200 (1.7%) 1.06 1,737
2019-08-01 $333,000 (5.2%) $408,732 (2.0%) 1.05 1,755
2019-09-01 $328,500 (5.2%) $402,602 (2.2%) 1.05 1,758
2019-10-01 $325,500 (5.2%) $402,388 (0.8%) 1.05 1,732
2019-11-01 $325,000 (6.6%) $405,965 (2.5%) 1.07 1,632
2019-12-01 $325,000 (6.6%) $402,684 (2.1%) 1.08 1,447
2020-01-01 $326,500 (8.9%) $407,507 (8.1%) 1.09 1,249
2020-02-01 $324,933 (8.3%) $400,738 (5.7%) 1.06 1,224
2020-03-01 $338,508 (9.7%) $422,002 (8.0%) 1.06 1,158
2020-04-01 $333,106 (6.0%) $414,708 (6.2%) 1.04 1,236
2020-05-01 $340,000 (6.3%) $426,163 (7.2%) 1.03 1,146
2020-06-01 $345,713 (4.8%) $440,519 (9.0%) 1.02 963
2020-07-01 $351,920 (3.8%) $452,855 (9.6%) 1.02 804
2020-08-01 $350,000 (5.1%) $461,495 (12.9%) 1.00 751
2020-09-01 $353,898 (7.7%) $463,902 (15.2%) 1.01 771
2020-10-01 $349,900 (7.5%) $466,232 (15.9%) 1.00 775
2020-11-01 $352,500 (8.5%) $481,239 (18.5%) 1.03 705
2020-12-01 $344,500 (6.0%) $462,788 (14.9%) 1.02 640
2021-01-01 $350,000 (7.2%) $464,446 (14.0%) 1.04 512
2021-02-01 $349,950 (7.7%) $474,006 (18.3%) 1.02 477
2021-03-01 $354,950 (4.9%) $485,154 (15.0%) 1.01 481
2021-04-01 $375,000 (12.6%) $517,645 (24.8%) 1.02 510
2021-05-01 $385,000 (13.2%) $536,925 (26.0%) 1.02 553
2021-06-01 $399,945 (15.7%) $543,926 (23.5%) 1.05 662
2021-07-01 $399,000 (13.4%) $535,525 (18.3%) 1.05 744
2021-08-01 $399,113 (14.0%) $533,415 (15.6%) 1.06 787
2021-09-01 $399,938 (13.0%) $653,209 (40.8%) 1.07 792
2021-10-01 $399,900 (14.3%) $520,263 (11.6%) 1.07 763
2021-11-01 $401,963 (14.0%) $530,268 (10.2%) 1.07 706
2021-12-01 $417,500 (21.2%) $537,784 (16.2%) 1.13 607
2022-01-01 $409,999 (17.1%) $546,660 (17.7%) 1.11 482
2022-02-01 $393,250 (12.4%) $533,345 (12.5%) 1.02 480
2022-03-01 $407,500 (14.8%) $542,982 (11.9%) 1.02 528
2022-04-01 $426,845 (13.8%) $555,625 (7.3%) 1.02 601
2022-05-01 $440,700 (14.5%) $560,077 (4.3%) 1.01 780
2022-06-01 $441,000 (10.3%) $556,676 (2.3%) 0.98 962
2022-07-01 $439,900 (10.3%) $540,548 (0.9%) 0.99 1,262
2022-08-01 $432,498 (8.4%) $534,011 (0.1%) 1.00 1,274
2022-09-01 $430,850 (7.7%) $528,797 (-19.1%) 1.01 1,275
2022-10-01 $426,200 (6.6%) $524,433 (0.8%) 1.00 1,300
2022-11-01 $419,950 (4.5%) $529,585 (-0.1%) 1.01 1,301
2022-12-01 $425,000 (1.8%) $536,435 (-0.3%) 1.05 1,120
2023-01-01 $429,925 (4.9%) $547,462 (0.2%) 1.07 983
2023-02-01 $427,125 (8.6%) $567,790 (6.5%) 1.03 845
2023-03-01 $429,998 (5.5%) $586,871 (8.1%) 1.01 774
2023-04-01 $445,000 (4.3%) $614,390 (10.6%) 1.03 681
2023-05-01 $458,750 (4.1%) $620,259 (10.8%) 1.04 697
2023-06-01 $471,983 (7.0%) $619,421 (11.3%) 1.06 749
2023-07-01 $475,165 (8.0%) $622,453 (15.2%) 1.08 817
2023-08-01 $463,881 (7.3%) $616,691 (15.5%) 1.07 918
2023-09-01 $457,000 (6.1%) $605,702 (14.5%) 1.06 965
2023-10-01 $452,500 (6.2%) $598,809 (14.2%) 1.06 1,015
2023-11-01 $449,700 (7.1%) $596,237 (12.6%) 1.07 1,049
2023-12-01 $450,000 (5.9%) $607,958 (13.3%) 1.10 1,005
2024-01-01 $445,000 (3.5%) $591,693 (8.1%) 1.09 896
2024-02-01 $454,450 (6.4%) $606,127 (6.8%) 1.09 838
2024-03-01 $450,000 (4.7%) $612,565 (4.4%) 1.06 851
Fresno's median listing price for 2024-03-01 was $450,000, a difference of $20,002 (4.7%) versus the prior year and $-4,450 versus the prior month.

Fresno's median listing price comes in at 106% of the national average.

Fresno's average listing price for 2024-03-01 was $612,565, a difference of $25,694 (4.4%) versus the prior year and $6,438 versus the prior month.

For the 2024-03-01 period, Fresno had 851 MLS listings, a difference of 13 listings (2%) versus the prior month and 77 listings (10%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fresno (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 58 days 1,831 sqft
2018-02-01 39 days 1,834 sqft
2018-03-01 40 days 1,868 sqft
2018-04-01 41 days 1,885 sqft
2018-05-01 37 days 1,870 sqft
2018-06-01 38 days 1,873 sqft
2018-07-01 39 days 1,860 sqft
2018-08-01 40 days 1,840 sqft
2018-09-01 43 days 1,833 sqft
2018-10-01 46 days 1,828 sqft
2018-11-01 50 days 1,828 sqft
2018-12-01 60 days 1,828 sqft
2019-01-01 60 days 1,811 sqft
2019-02-01 45 days 1,808 sqft
2019-03-01 42 days 1,845 sqft
2019-04-01 39 days 1,870 sqft
2019-05-01 40 days 1,885 sqft
2019-06-01 45 days 1,900 sqft
2019-07-01 46 days 1,906 sqft
2019-08-01 46 days 1,889 sqft
2019-09-01 46 days 1,873 sqft
2019-10-01 47 days 1,862 sqft
2019-11-01 50 days 1,856 sqft
2019-12-01 57 days 1,856 sqft
2020-01-01 62 days 1,833 sqft
2020-02-01 43 days 1,797 sqft
2020-03-01 40 days 1,858 sqft
2020-04-01 42 days 1,854 sqft
2020-05-01 49 days 1,877 sqft
2020-06-01 42 days 1,876 sqft
2020-07-01 37 days 1,875 sqft
2020-08-01 29 days 1,860 sqft
2020-09-01 25 days 1,840 sqft
2020-10-01 26 days 1,828 sqft
2020-11-01 34 days 1,822 sqft
2020-12-01 36 days 1,770 sqft
2021-01-01 39 days 1,769 sqft
2021-02-01 22 days 1,741 sqft
2021-03-01 17 days 1,769 sqft
2021-04-01 15 days 1,823 sqft
2021-05-01 13 days 1,808 sqft
2021-06-01 16 days 1,858 sqft
2021-07-01 21 days 1,853 sqft
2021-08-01 23 days 1,843 sqft
2021-09-01 27 days 1,831 sqft
2021-10-01 26 days 1,791 sqft
2021-11-01 30 days 1,831 sqft
2021-12-01 35 days 1,834 sqft
2022-01-01 33 days 1,782 sqft
2022-02-01 29 days 1,698 sqft
2022-03-01 29 days 1,718 sqft
2022-04-01 26 days 1,770 sqft
2022-05-01 23 days 1,792 sqft
2022-06-01 26 days 1,801 sqft
2022-07-01 31 days 1,792 sqft
2022-08-01 37 days 1,768 sqft
2022-09-01 43 days 1,773 sqft
2022-10-01 46 days 1,747 sqft
2022-11-01 46 days 1,737 sqft
2022-12-01 55 days 1,767 sqft
2023-01-01 59 days 1,783 sqft
2023-02-01 47 days 1,763 sqft
2023-03-01 45 days 1,774 sqft
2023-04-01 44 days 1,800 sqft
2023-05-01 38 days 1,826 sqft
2023-06-01 36 days 1,841 sqft
2023-07-01 36 days 1,836 sqft
2023-08-01 38 days 1,847 sqft
2023-09-01 39 days 1,862 sqft
2023-10-01 40 days 1,860 sqft
2023-11-01 44 days 1,836 sqft
2023-12-01 50 days 1,806 sqft
2024-01-01 57 days 1,799 sqft
2024-02-01 44 days 1,813 sqft
2024-03-01 40 days 1,851 sqft
Fresno's median listing age (time on market) for 2024-03-01 was 40 days. This is -10% shorter than the same period one year ago.

Fresno's median square footage for active listings during the 2024-03-01 period was 1,851 sqft. One year prior, the average listing was 1,774 sqft.