Hanford USDA Loan Rates, Closing Costs & Stats
HANFORD-CORCORAN, 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.
Hanford's 13 lenders originated 44 USDA loans during 2021. The total origination value was $10,490,000, with an average USDA loan value of $238,409.
Hanford USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Hanford
averaged
6.03%
for the week of 2023-01-27, compared to the national average (all USDA variants) of
6.195% for the same period.
Hanford's average USDA mortgage closing costs are $6,596.
The average rate for the prior week (2023-01-20) was
6.32% and
one month ago for the week of 2022-12-23, the
average rate was 6.25%.
The average rate one year ago was 3.9%.
For refis of the same type during the week of 2023-01-27, the average rate
was 5.99%.
Hanford 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 Hanford level.
Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Closing Costs |
---|---|---|---|
AMERICAN PACIFIC MORTGAGE CORPORATION | 9 | 2.74% | $7,151 |
KINGS MORTGAGE SERVICES, INC. | 8 | 2.84% | $6,514 |
COUNTRY CLUB MORTGAGE, INC. | 7 | 2.61% | $6,219 |
VERITAS FUNDING, LLC | 4 | 2.50% | $6,109 |
Sierra Pacific Mortgage Company, Inc. | 3 | 2.50% | $6,310 |
CMG MORTGAGE, INC. | 2 | 2.75% | $6,228 |
PENNYMAC LOAN SERVICES, LLC | 2 | 3.44% | $5,541 |
MASON MCDUFFIE MORTGAGE CORPORATION | 2 | 3.19% | $5,886 |
HOMEBRIDGE FINANCIAL SERVICES, INC. | 2 | 3.13% | $8,209 |
CALIBER HOME LOANS, INC. | 2 | 2.80% | $6,432 |
MOUNTAIN WEST FINANCIAL, INC. | 1 | 3.13% | $7,051 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 2.25% | $13,500 |
Flagstar Bank, FSB | 1 | 2.75% | $4,538 |
The top Hanford USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with
9 USDA loans originated. Their average total fees are
$7,151, which is $636
higher than the next largest lender,
KINGS MORTGAGE SERVICES, INC..
The lowest fee Hanford USDA lenders (with over 10 loans originated) are
.
The lowest rate Hanford USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hanford (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 | $247,000 (2.9%) | $278,093 (4.9%) | 0.00 | 230 |
2018-02-01 | $249,725 (4.5%) | $279,119 (5.2%) | 0.00 | 222 |
2018-03-01 | $248,900 (6.1%) | $278,832 (6.1%) | 0.00 | 216 |
2018-04-01 | $251,250 (6.0%) | $282,186 (6.6%) | 0.00 | 246 |
2018-05-01 | $249,950 (7.5%) | $285,011 (10.2%) | 0.00 | 243 |
2018-06-01 | $245,000 (4.3%) | $291,579 (11.0%) | 0.00 | 238 |
2018-07-01 | $259,219 (10.3%) | $295,584 (11.4%) | 0.00 | 247 |
2018-08-01 | $265,000 (16.7%) | $305,949 (20.5%) | 0.00 | 254 |
2018-09-01 | $267,500 (13.8%) | $302,573 (14.9%) | 0.00 | 265 |
2018-10-01 | $261,400 (10.7%) | $289,780 (16.1%) | 0.00 | 305 |
2018-11-01 | $256,750 (7.4%) | $288,382 (15.3%) | 0.00 | 307 |
2018-12-01 | $259,000 (7.9%) | $293,425 (10.3%) | 0.00 | 272 |
2019-01-01 | $259,800 (5.2%) | $291,836 (4.9%) | 0.00 | 261 |
2019-02-01 | $258,125 (3.4%) | $279,220 (0.0%) | 0.00 | 251 |
2019-03-01 | $264,313 (6.2%) | $285,307 (2.3%) | 0.00 | 287 |
2019-04-01 | $269,763 (7.4%) | $290,559 (3.0%) | 0.00 | 326 |
2019-05-01 | $265,333 (6.2%) | $292,384 (2.6%) | 0.00 | 322 |
2019-06-01 | $262,988 (7.3%) | $296,683 (1.8%) | 0.00 | 309 |
2019-07-01 | $269,713 (4.1%) | $300,887 (1.8%) | 0.00 | 297 |
2019-08-01 | $263,609 (-0.5%) | $298,655 (-2.4%) | 0.00 | 274 |
2019-09-01 | $261,523 (-2.2%) | $294,337 (-2.7%) | 0.00 | 240 |
2019-10-01 | $259,450 (-0.8%) | $291,931 (0.7%) | 0.00 | 217 |
2019-11-01 | $260,000 (1.3%) | $300,015 (4.0%) | 0.00 | 212 |
2019-12-01 | $264,024 (1.9%) | $308,758 (5.2%) | 0.00 | 216 |
2020-01-01 | $258,125 (-0.6%) | $296,757 (1.7%) | 0.00 | 196 |
2020-02-01 | $249,900 (-3.2%) | $299,713 (7.3%) | 0.00 | 172 |
2020-03-01 | $256,175 (-3.1%) | $317,309 (11.2%) | 0.00 | 161 |
2020-04-01 | $259,700 (-3.7%) | $306,715 (5.6%) | 0.00 | 169 |
2020-05-01 | $259,750 (-2.1%) | $306,293 (4.8%) | 0.00 | 146 |
2020-06-01 | $258,650 (-1.7%) | $323,606 (9.1%) | 0.00 | 119 |
2020-07-01 | $265,150 (-1.7%) | $357,728 (18.9%) | 0.00 | 103 |
2020-08-01 | $275,000 (4.3%) | $400,979 (34.3%) | 0.00 | 80 |
2020-09-01 | $283,250 (8.3%) | $438,755 (49.1%) | 0.00 | 97 |
2020-10-01 | $282,500 (8.9%) | $436,396 (49.5%) | 0.00 | 113 |
2020-11-01 | $269,000 (3.5%) | $385,633 (28.5%) | 0.00 | 127 |
2020-12-01 | $273,950 (3.8%) | $408,708 (32.4%) | 0.00 | 97 |
2021-01-01 | $269,250 (4.3%) | $412,770 (39.1%) | 0.00 | 90 |
2021-02-01 | $289,675 (15.9%) | $434,014 (44.8%) | 0.00 | 86 |
2021-03-01 | $295,000 (15.2%) | $428,379 (35.0%) | 0.00 | 96 |
2021-04-01 | $284,975 (9.7%) | $1,395,366 (354.9%) | 0.00 | 89 |
2021-05-01 | $299,000 (15.1%) | $464,136 (51.5%) | 0.00 | 78 |
2021-06-01 | $297,950 (15.2%) | $475,982 (47.1%) | 0.00 | 79 |
2021-07-01 | $300,950 (13.5%) | $457,986 (28.0%) | 0.00 | 97 |
2021-08-01 | $301,725 (9.7%) | $397,541 (-0.9%) | 0.00 | 117 |
2021-09-01 | $311,494 (10.0%) | $399,000 (-9.1%) | 0.00 | 133 |
2021-10-01 | $302,713 (7.2%) | $393,564 (-9.8%) | 0.00 | 129 |
2021-11-01 | $302,713 (12.5%) | $381,391 (-1.1%) | 0.00 | 123 |
2021-12-01 | $307,750 (12.3%) | $376,911 (-7.8%) | 0.00 | 113 |
2022-01-01 | $308,000 (14.4%) | $386,625 (-6.3%) | 0.00 | 101 |
2022-02-01 | $319,925 (10.4%) | $390,398 (-10.1%) | 0.00 | 87 |
2022-03-01 | $327,000 (10.9%) | $407,001 (-5.0%) | 0.00 | 86 |
2022-04-01 | $334,900 (17.5%) | $398,623 (-71.4%) | 0.00 | 99 |
2022-05-01 | $375,750 (25.7%) | $413,849 (-10.8%) | 0.00 | 123 |
2022-06-01 | $372,500 (25.0%) | $413,674 (-13.1%) | 0.00 | 148 |
2022-07-01 | $376,400 (25.1%) | $409,540 (-10.6%) | 0.00 | 169 |
2022-08-01 | $375,000 (24.3%) | $402,992 (1.4%) | 0.00 | 189 |
2022-09-01 | $381,100 (22.4%) | $405,035 (1.5%) | 0.00 | 187 |
2022-10-01 | $389,999 (28.8%) | $426,966 (8.5%) | 0.00 | 202 |
2022-11-01 | $376,250 (24.3%) | $400,858 (5.1%) | 0.00 | 228 |
2022-12-01 | $375,000 (21.9%) | $396,305 (5.2%) | 0.00 | 203 |
Hanford's median listing price comes in at 0% of the national average.
Hanford's average listing price for 2022-12-01 was $396,305, a difference of $19,394 (5.2%) versus the prior year and $-4,553 versus the prior month.
For the 2022-12-01 period, Hanford had 203 MLS listings, a difference of -25 listings (-11%) versus the prior month and 90 listings (80%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hanford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,686 sqft |
2018-02-01 | 0 days | 1,699 sqft |
2018-03-01 | 0 days | 1,687 sqft |
2018-04-01 | 0 days | 1,715 sqft |
2018-05-01 | 0 days | 1,712 sqft |
2018-06-01 | 0 days | 1,711 sqft |
2018-07-01 | 0 days | 1,728 sqft |
2018-08-01 | 0 days | 1,786 sqft |
2018-09-01 | 0 days | 1,717 sqft |
2018-10-01 | 0 days | 1,687 sqft |
2018-11-01 | 0 days | 1,674 sqft |
2018-12-01 | 0 days | 1,710 sqft |
2019-01-01 | 0 days | 1,693 sqft |
2019-02-01 | 0 days | 1,708 sqft |
2019-03-01 | 0 days | 1,743 sqft |
2019-04-01 | 0 days | 1,793 sqft |
2019-05-01 | 0 days | 1,763 sqft |
2019-06-01 | 0 days | 1,748 sqft |
2019-07-01 | 0 days | 1,806 sqft |
2019-08-01 | 0 days | 1,774 sqft |
2019-09-01 | 0 days | 1,727 sqft |
2019-10-01 | 0 days | 1,684 sqft |
2019-11-01 | 0 days | 1,651 sqft |
2019-12-01 | 0 days | 1,700 sqft |
2020-01-01 | 0 days | 1,661 sqft |
2020-02-01 | 0 days | 1,574 sqft |
2020-03-01 | 0 days | 1,677 sqft |
2020-04-01 | 0 days | 1,626 sqft |
2020-05-01 | 0 days | 1,675 sqft |
2020-06-01 | 0 days | 1,669 sqft |
2020-07-01 | 0 days | 1,701 sqft |
2020-08-01 | 0 days | 1,638 sqft |
2020-09-01 | 0 days | 1,650 sqft |
2020-10-01 | 0 days | 1,753 sqft |
2020-11-01 | 0 days | 1,700 sqft |
2020-12-01 | 0 days | 1,733 sqft |
2021-01-01 | 0 days | 1,685 sqft |
2021-02-01 | 0 days | 1,781 sqft |
2021-03-01 | 0 days | 1,798 sqft |
2021-04-01 | 0 days | 1,702 sqft |
2021-05-01 | 0 days | 1,744 sqft |
2021-06-01 | 0 days | 1,731 sqft |
2021-07-01 | 0 days | 1,671 sqft |
2021-08-01 | 0 days | 1,648 sqft |
2021-09-01 | 0 days | 1,645 sqft |
2021-10-01 | 0 days | 1,624 sqft |
2021-11-01 | 0 days | 1,602 sqft |
2021-12-01 | 0 days | 1,582 sqft |
2022-01-01 | 0 days | 1,559 sqft |
2022-02-01 | 0 days | 1,573 sqft |
2022-03-01 | 0 days | 1,565 sqft |
2022-04-01 | 0 days | 1,539 sqft |
2022-05-01 | 0 days | 1,637 sqft |
2022-06-01 | 0 days | 1,658 sqft |
2022-07-01 | 0 days | 1,653 sqft |
2022-08-01 | 0 days | 1,701 sqft |
2022-09-01 | 0 days | 1,706 sqft |
2022-10-01 | 0 days | 1,768 sqft |
2022-11-01 | 0 days | 1,658 sqft |
2022-12-01 | 0 days | 1,658 sqft |
Hanford's median square footage for active listings during the 2022-12-01 period was 1,658 sqft. One year prior, the average listing was 1,582 sqft.