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
-0.23%
for the week of 2024-11-15, compared to the national average (all USDA variants) of
0% for the same period.
Fresno's average USDA mortgage closing costs are $7,871.
The average rate for the prior week (2024-11-08) was
6.22% and
one month ago for the week of 2024-10-11, the
average rate was 6.08%.
The average rate one year ago was 7.21%.
For refis of the same type during the week of 2024-11-15, the average rate
was 0.3%.
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 |
| 2024-04-01 | $458,950 (3.1%) | $617,008 (0.4%) | 1.07 | 927 |
| 2024-05-01 | $477,000 (4.0%) | $635,916 (2.5%) | 1.08 | 1,005 |
| 2024-06-01 | $475,000 (0.6%) | $629,436 (1.6%) | 1.07 | 1,033 |
| 2024-07-01 | $460,000 (-3.2%) | $606,274 (-2.6%) | 1.05 | 1,112 |
| 2024-08-01 | $459,925 (-0.9%) | $625,385 (1.4%) | 1.07 | 1,131 |
| 2024-09-01 | $464,167 (1.6%) | $618,349 (2.1%) | 1.09 | 1,260 |
| 2024-10-01 | $460,000 (1.7%) | $604,184 (0.9%) | 1.08 | 1,270 |
Fresno's median listing price comes in at 108% of the national average.
Fresno's average listing price for 2024-10-01 was $604,184, a difference of $5,375 (0.9%) versus the prior year and $-14,165 versus the prior month.
For the 2024-10-01 period, Fresno had 1,270 MLS listings, a difference of 10 listings (1%) versus the prior month and 255 listings (25%) 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 |
| 2024-04-01 | 39 days | 1,872 sqft |
| 2024-05-01 | 33 days | 1,889 sqft |
| 2024-06-01 | 38 days | 1,872 sqft |
| 2024-07-01 | 41 days | 1,847 sqft |
| 2024-08-01 | 45 days | 1,826 sqft |
| 2024-09-01 | 42 days | 1,810 sqft |
| 2024-10-01 | 46 days | 1,824 sqft |
Fresno's median square footage for active listings during the 2024-10-01 period was 1,824 sqft. One year prior, the average listing was 1,860 sqft.