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 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%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    KINGS MORTGAGE SERVICES, INC. 28 2.66% $7,877
    HOME POINT FINANCIAL CORPORATION 11 2.69% $8,647
    COUNTRY CLUB MORTGAGE, INC. 11 2.72% $6,242
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 9 2.93% $7,939
    HOMEBRIDGE FINANCIAL SERVICES, INC. 6 2.58% $9,239
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 2.98% $7,607
    Sierra Pacific Mortgage Company, Inc. 4 2.50% $6,239
    PENNYMAC LOAN SERVICES, LLC 4 2.63% $5,605
    CALCON MUTUAL MORTGAGE LLC 3 3.13% $10,838
    Hometown Equity Mortgage, LLC 3 2.71% $7,743
    MLD MORTGAGE INC. 2 3.13% $6,863
    Flagstar Bank, FSB 2 2.75% $7,032
    Commerce Home Mortgage, Inc. 2 2.88% $9,613
    SUN WEST MORTGAGE COMPANY, INC. 2 2.31% $5,456
    Amerifirst Financial, Inc. 2 2.63% $5,473
    UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $7,797
    AMERICAN FINANCIAL NETWORK, INC. 1 3.00% $4,585
    BAY EQUITY LLC 1 3.63% $6,668
    Carrington Mortgage Services, LLC 1 2.63% $5,072
    ENVOY MORTGAGE, LTD 1 3.50% $9,211
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.63% $8,521
    LOANDEPOT.COM, LLC 1 3.00% $7,429
    MOVEMENT MORTGAGE, LLC 1 2.38% $6,952
    Plains Commerce Bank 1 3.00% $3,917
    PLANET HOME LENDING, LLC 1 2.25% $2,428
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 3.25% $8,688
    RESIDENTIAL BANCORP. 1 3.13% $11,216
    STEARNS LENDING, LLC 1 4.00% $8,396
    SUMMIT FUNDING, INC. 1 2.75% $6,654
    ALAMEDA MORTGAGE CORPORATION 1 3.75% $9,634

    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. Louis
    Date 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 for 2022-12-01 was $420,000, a difference of $2,500 (0.6%) versus the prior year and $150 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2022-12-01 was 57 days. This is 63% longer than the same period one year ago.

    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.