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 30 lenders originated 117 USDA loans during 2021. The total origination value was $33,245,000, with an average USDA loan value of $284,145.
Fresno USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Fresno
averaged
0.14%
for the week of 2023-01-20, compared to the national average (all USDA variants) of
0% for the same period.
Fresno's average USDA mortgage closing costs are $7,257.
The average rate for the prior week (2023-01-13) was
6.38% and
one month ago for the week of 2022-12-16, the
average rate was 6.36%.
The average rate one year ago was 3.67%.
For refis of the same type during the week of 2023-01-20, the average rate
was 0.02%.
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.
The top Fresno USDA lender as defined by loan originations is KINGS MORTGAGE SERVICES, INC., with
28 USDA loans originated. Their average total fees are
$7,877, which is $770
lower than the next largest lender,
HOME POINT FINANCIAL CORPORATION.
The lowest fee Fresno USDA lenders (with over 10 loans originated) are
COUNTRY CLUB MORTGAGE, INC. ($6,242), KINGS MORTGAGE SERVICES, INC. ($7,877), HOME POINT FINANCIAL CORPORATION ($8,647), .
The lowest rate Fresno USDA lenders (with over 10 loans originated) are
KINGS MORTGAGE SERVICES, INC. (2.66%), HOME POINT FINANCIAL CORPORATION (2.69%), COUNTRY CLUB MORTGAGE, INC. (2.72%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Fresno (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $299,990 (11.6%) | $387,495 (6.5%) | 1.11 | 1,261 |
2018-02-01 | $299,575 (11.2%) | $389,566 (7.3%) | 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 (0.7%) | $394,482 (1.8%) | 1.05 | 1,689 |
2019-01-01 | $299,936 (0.0%) | $376,805 (-2.8%) | 1.04 | 1,565 |
2019-02-01 | $299,975 (0.1%) | $379,081 (-2.7%) | 1.01 | 1,634 |
2019-03-01 | $308,473 (2.8%) | $390,755 (-1.7%) | 1.01 | 1,636 |
2019-04-01 | $313,850 (1.1%) | $390,533 (-2.3%) | 1.00 | 1,697 |
2019-05-01 | $320,000 (2.2%) | $397,510 (-2.4%) | 1.00 | 1,736 |
2019-06-01 | $330,000 (4.8%) | $404,111 (-2.2%) | 1.03 | 1,772 |
2019-07-01 | $338,940 (7.6%) | $413,091 (1.7%) | 1.06 | 1,738 |
2019-08-01 | $333,000 (5.2%) | $408,626 (2.0%) | 1.05 | 1,756 |
2019-09-01 | $328,500 (5.2%) | $402,498 (2.2%) | 1.05 | 1,759 |
2019-10-01 | $325,500 (5.2%) | $402,283 (0.8%) | 1.05 | 1,733 |
2019-11-01 | $325,000 (6.6%) | $405,851 (2.5%) | 1.07 | 1,633 |
2019-12-01 | $325,000 (6.6%) | $402,752 (2.1%) | 1.08 | 1,449 |
2020-01-01 | $326,500 (8.9%) | $407,581 (8.2%) | 1.09 | 1,251 |
2020-02-01 | $324,933 (8.3%) | $400,821 (5.7%) | 1.06 | 1,226 |
2020-03-01 | $338,508 (9.7%) | $422,040 (8.0%) | 1.06 | 1,160 |
2020-04-01 | $333,106 (6.1%) | $414,755 (6.2%) | 1.04 | 1,238 |
2020-05-01 | $340,000 (6.3%) | $424,726 (6.9%) | 1.03 | 1,146 |
2020-06-01 | $345,440 (4.7%) | $438,968 (8.6%) | 1.02 | 964 |
2020-07-01 | $351,820 (3.8%) | $450,990 (9.2%) | 1.02 | 804 |
2020-08-01 | $350,000 (5.1%) | $459,550 (12.5%) | 1.00 | 751 |
2020-09-01 | $352,500 (7.3%) | $461,964 (14.8%) | 1.01 | 771 |
2020-10-01 | $349,900 (7.5%) | $464,265 (15.4%) | 1.00 | 776 |
2020-11-01 | $351,500 (8.2%) | $478,985 (18.0%) | 1.03 | 705 |
2020-12-01 | $344,000 (5.9%) | $460,445 (14.3%) | 1.02 | 640 |
2021-01-01 | $350,000 (7.2%) | $464,047 (13.9%) | 1.04 | 513 |
2021-02-01 | $349,725 (7.6%) | $473,570 (18.2%) | 1.02 | 478 |
2021-03-01 | $354,950 (4.9%) | $484,725 (14.9%) | 1.01 | 482 |
2021-04-01 | $375,000 (12.6%) | $517,185 (24.7%) | 1.02 | 511 |
2021-05-01 | $385,000 (13.2%) | $536,425 (26.3%) | 1.02 | 554 |
2021-06-01 | $399,923 (15.8%) | $543,535 (23.8%) | 1.05 | 663 |
2021-07-01 | $399,000 (13.4%) | $535,184 (18.7%) | 1.05 | 744 |
2021-08-01 | $399,225 (14.1%) | $533,269 (16.0%) | 1.06 | 786 |
2021-09-01 | $399,950 (13.5%) | $653,605 (41.5%) | 1.07 | 791 |
2021-10-01 | $399,900 (14.3%) | $520,352 (12.1%) | 1.07 | 762 |
2021-11-01 | $402,296 (14.5%) | $530,263 (10.7%) | 1.07 | 706 |
2021-12-01 | $417,500 (21.4%) | $537,360 (16.7%) | 1.13 | 608 |
2022-01-01 | $409,950 (17.1%) | $546,018 (17.7%) | 1.11 | 481 |
2022-02-01 | $392,500 (12.2%) | $532,803 (12.5%) | 1.02 | 481 |
2022-03-01 | $407,500 (14.8%) | $542,486 (11.9%) | 1.02 | 529 |
2022-04-01 | $425,900 (13.6%) | $555,168 (7.3%) | 1.02 | 602 |
2022-05-01 | $439,950 (14.3%) | $561,144 (4.6%) | 1.01 | 781 |
2022-06-01 | $441,000 (10.3%) | $557,575 (2.6%) | 0.98 | 963 |
2022-07-01 | $439,900 (10.3%) | $541,342 (1.2%) | 1.00 | 1,264 |
2022-08-01 | $431,400 (8.1%) | $534,448 (0.2%) | 1.00 | 1,276 |
2022-09-01 | $430,513 (7.6%) | $528,811 (-19.1%) | 1.01 | 1,276 |
2022-10-01 | $425,550 (6.4%) | $524,289 (0.8%) | 1.00 | 1,301 |
2022-11-01 | $419,850 (4.4%) | $529,414 (-0.2%) | 1.01 | 1,302 |
2022-12-01 | $420,000 (0.6%) | $534,118 (-0.6%) | 1.05 | 1,128 |
Fresno's median listing price comes in at 105% of the national average.
Fresno's average listing price for 2022-12-01 was $534,118, a difference of $-3,242 (-0.6%) versus the prior year and $4,704 versus the prior month.
For the 2022-12-01 period, Fresno had 1,128 MLS listings, a difference of -174 listings (-13%) versus the prior month and 520 listings (86%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fresno (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 60 days | 1,833 sqft |
2018-02-01 | 40 days | 1,835 sqft |
2018-03-01 | 43 days | 1,869 sqft |
2018-04-01 | 43 days | 1,885 sqft |
2018-05-01 | 39 days | 1,870 sqft |
2018-06-01 | 39 days | 1,874 sqft |
2018-07-01 | 39 days | 1,861 sqft |
2018-08-01 | 41 days | 1,841 sqft |
2018-09-01 | 45 days | 1,833 sqft |
2018-10-01 | 47 days | 1,828 sqft |
2018-11-01 | 51 days | 1,828 sqft |
2018-12-01 | 60 days | 1,828 sqft |
2019-01-01 | 63 days | 1,811 sqft |
2019-02-01 | 48 days | 1,808 sqft |
2019-03-01 | 43 days | 1,845 sqft |
2019-04-01 | 40 days | 1,870 sqft |
2019-05-01 | 42 days | 1,886 sqft |
2019-06-01 | 46 days | 1,900 sqft |
2019-07-01 | 47 days | 1,904 sqft |
2019-08-01 | 47 days | 1,889 sqft |
2019-09-01 | 47 days | 1,873 sqft |
2019-10-01 | 48 days | 1,862 sqft |
2019-11-01 | 51 days | 1,856 sqft |
2019-12-01 | 58 days | 1,855 sqft |
2020-01-01 | 64 days | 1,831 sqft |
2020-02-01 | 45 days | 1,797 sqft |
2020-03-01 | 41 days | 1,857 sqft |
2020-04-01 | 43 days | 1,853 sqft |
2020-05-01 | 50 days | 1,876 sqft |
2020-06-01 | 43 days | 1,875 sqft |
2020-07-01 | 38 days | 1,873 sqft |
2020-08-01 | 29 days | 1,859 sqft |
2020-09-01 | 26 days | 1,837 sqft |
2020-10-01 | 28 days | 1,828 sqft |
2020-11-01 | 36 days | 1,820 sqft |
2020-12-01 | 37 days | 1,765 sqft |
2021-01-01 | 40 days | 1,769 sqft |
2021-02-01 | 23 days | 1,741 sqft |
2021-03-01 | 18 days | 1,767 sqft |
2021-04-01 | 15 days | 1,822 sqft |
2021-05-01 | 15 days | 1,806 sqft |
2021-06-01 | 16 days | 1,856 sqft |
2021-07-01 | 22 days | 1,853 sqft |
2021-08-01 | 23 days | 1,844 sqft |
2021-09-01 | 27 days | 1,831 sqft |
2021-10-01 | 26 days | 1,794 sqft |
2021-11-01 | 30 days | 1,830 sqft |
2021-12-01 | 35 days | 1,832 sqft |
2022-01-01 | 35 days | 1,782 sqft |
2022-02-01 | 30 days | 1,696 sqft |
2022-03-01 | 30 days | 1,717 sqft |
2022-04-01 | 26 days | 1,770 sqft |
2022-05-01 | 24 days | 1,792 sqft |
2022-06-01 | 26 days | 1,801 sqft |
2022-07-01 | 32 days | 1,792 sqft |
2022-08-01 | 37 days | 1,760 sqft |
2022-09-01 | 44 days | 1,772 sqft |
2022-10-01 | 46 days | 1,746 sqft |
2022-11-01 | 47 days | 1,728 sqft |
2022-12-01 | 57 days | 1,763 sqft |
Fresno's median square footage for active listings during the 2022-12-01 period was 1,763 sqft. One year prior, the average listing was 1,832 sqft.