Fresno USDA Loan Rates, Closing Costs & Stats

FRESNO, CA

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    • 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 6.93% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.48% and one month ago for the week of 2024-03-15, the average rate was 6.36%.

    The average rate one year ago was 6%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.87%.

    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.