Hanford USDA Loan Rates, Closing Costs & Stats

HANFORD-CORCORAN, 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.

    Hanford's 4 lenders originated 7 USDA loans during 2023. The total origination value was $1,825,000, with an average USDA loan value of $260,714.

    Hanford USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Hanford averaged 6.8% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Hanford's average USDA mortgage closing costs are $6,988.

    The average rate for the prior week (2024-04-12) was 6.35% and one month ago for the week of 2024-03-15, the average rate was 6.63%.

    The average rate one year ago was 6.27%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    VERITAS FUNDING, LLC 3 5.71% $11,908
    UNITED WHOLESALE MORTGAGE, LLC 2 6.43% $8,570
    Century Mortgage Company DBA Century Lending Company 1 6.88% $6,858
    U.S. Bank 1 6.75% $8,032

    The top Hanford USDA lender as defined by loan originations is VERITAS FUNDING, LLC, with 3 USDA loans originated. Their average total fees are $11,908, which is $3,338 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    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. Louis
    Date 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%) $292,586 (2.7%) 0.00 321
    2019-06-01 $262,988 (7.3%) $297,043 (1.9%) 0.00 309
    2019-07-01 $269,713 (4.1%) $301,248 (1.9%) 0.00 297
    2019-08-01 $262,864 (-0.8%) $298,686 (-2.4%) 0.00 273
    2019-09-01 $261,197 (-2.4%) $294,353 (-2.7%) 0.00 239
    2019-10-01 $258,825 (-1.0%) $291,940 (0.8%) 0.00 216
    2019-11-01 $260,000 (1.3%) $300,064 (4.1%) 0.00 211
    2019-12-01 $263,524 (1.8%) $308,846 (5.3%) 0.00 215
    2020-01-01 $257,000 (-1.1%) $296,792 (1.7%) 0.00 195
    2020-02-01 $249,900 (-3.2%) $299,975 (7.4%) 0.00 171
    2020-03-01 $254,900 (-3.6%) $317,484 (11.3%) 0.00 160
    2020-04-01 $259,575 (-3.8%) $307,420 (5.8%) 0.00 168
    2020-05-01 $259,500 (-2.2%) $306,408 (4.7%) 0.00 145
    2020-06-01 $257,575 (-2.1%) $323,885 (9.0%) 0.00 118
    2020-07-01 $263,575 (-2.3%) $358,392 (19.0%) 0.00 102
    2020-08-01 $271,000 (3.1%) $402,403 (34.7%) 0.00 79
    2020-09-01 $281,200 (7.7%) $440,286 (49.6%) 0.00 96
    2020-10-01 $280,000 (8.2%) $436,021 (49.4%) 0.00 112
    2020-11-01 $268,000 (3.1%) $386,407 (28.8%) 0.00 126
    2020-12-01 $273,925 (4.0%) $409,999 (32.8%) 0.00 96
    2021-01-01 $269,000 (4.7%) $414,150 (39.5%) 0.00 89
    2021-02-01 $289,450 (15.8%) $435,718 (45.3%) 0.00 85
    2021-03-01 $295,750 (16.0%) $429,815 (35.4%) 0.00 95
    2021-04-01 $282,988 (9.0%) $1,404,998 (357.0%) 0.00 88
    2021-05-01 $299,000 (15.2%) $465,750 (52.0%) 0.00 77
    2021-06-01 $297,950 (15.7%) $478,099 (47.6%) 0.00 78
    2021-07-01 $300,950 (14.2%) $459,774 (28.3%) 0.00 96
    2021-08-01 $302,975 (11.8%) $398,361 (-1.0%) 0.00 116
    2021-09-01 $312,375 (11.1%) $399,732 (-9.2%) 0.00 132
    2021-10-01 $305,425 (9.1%) $394,269 (-9.6%) 0.00 128
    2021-11-01 $303,731 (13.3%) $382,101 (-1.1%) 0.00 122
    2021-12-01 $308,725 (12.7%) $377,603 (-7.9%) 0.00 112
    2022-01-01 $308,950 (14.9%) $387,489 (-6.4%) 0.00 100
    2022-02-01 $321,225 (11.0%) $391,428 (-10.2%) 0.00 86
    2022-03-01 $328,475 (11.1%) $408,258 (-5.0%) 0.00 85
    2022-04-01 $336,200 (18.8%) $399,561 (-71.6%) 0.00 98
    2022-05-01 $376,500 (25.9%) $414,744 (-11.0%) 0.00 122
    2022-06-01 $373,075 (25.2%) $414,419 (-13.3%) 0.00 147
    2022-07-01 $377,700 (25.5%) $410,236 (-10.8%) 0.00 168
    2022-08-01 $376,225 (24.2%) $403,526 (1.3%) 0.00 188
    2022-09-01 $382,450 (22.4%) $405,619 (1.5%) 0.00 186
    2022-10-01 $390,000 (27.7%) $427,628 (8.5%) 0.00 201
    2022-11-01 $376,750 (24.0%) $401,315 (5.0%) 0.00 227
    2022-12-01 $378,000 (22.4%) $398,256 (5.5%) 0.00 201
    2023-01-01 $368,000 (19.1%) $411,295 (6.1%) 0.00 179
    2023-02-01 $375,250 (16.8%) $435,739 (11.3%) 0.00 163
    2023-03-01 $387,450 (18.0%) $439,910 (7.8%) 0.00 153
    2023-04-01 $390,000 (16.0%) $470,751 (17.8%) 0.00 126
    2023-05-01 $397,375 (5.5%) $478,091 (15.3%) 0.00 116
    2023-06-01 $384,925 (3.2%) $482,907 (16.5%) 0.00 125
    2023-07-01 $398,500 (5.5%) $484,170 (18.0%) 0.00 124
    2023-08-01 $395,020 (5.0%) $437,210 (8.4%) 0.00 135
    2023-09-01 $382,885 (0.1%) $415,424 (2.4%) 0.00 144
    2023-10-01 $379,950 (-2.6%) $398,529 (-6.8%) 0.00 150
    2023-11-01 $368,725 (-2.1%) $406,898 (1.4%) 0.00 152
    2023-12-01 $359,900 (-4.8%) $408,730 (2.6%) 0.00 152
    2024-01-01 $367,450 (-0.2%) $407,732 (-0.9%) 0.00 149
    2024-02-01 $373,225 (-0.5%) $405,391 (-7.0%) 0.00 172
    2024-03-01 $378,500 (-2.3%) $428,995 (-2.5%) 0.00 163
    Hanford's median listing price for 2024-03-01 was $378,500, a difference of $-8,950 (-2.3%) versus the prior year and $5,275 versus the prior month.

    Hanford's median listing price comes in at 0% of the national average.

    Hanford's average listing price for 2024-03-01 was $428,995, a difference of $-10,915 (-2.5%) versus the prior year and $23,604 versus the prior month.

    For the 2024-03-01 period, Hanford had 163 MLS listings, a difference of -9 listings (-5%) versus the prior month and 10 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hanford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date 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 1,734 sqft
    2019-07-01 0 days 1,803 sqft
    2019-08-01 0 days 1,772 sqft
    2019-09-01 0 days 1,725 sqft
    2019-10-01 0 days 1,678 sqft
    2019-11-01 0 days 1,647 sqft
    2019-12-01 0 days 1,700 sqft
    2020-01-01 0 days 1,658 sqft
    2020-02-01 0 days 1,574 sqft
    2020-03-01 0 days 1,669 sqft
    2020-04-01 0 days 1,626 sqft
    2020-05-01 0 days 1,658 sqft
    2020-06-01 0 days 1,667 sqft
    2020-07-01 0 days 1,697 sqft
    2020-08-01 0 days 1,629 sqft
    2020-09-01 0 days 1,620 sqft
    2020-10-01 0 days 1,753 sqft
    2020-11-01 0 days 1,698 sqft
    2020-12-01 0 days 1,724 sqft
    2021-01-01 0 days 1,685 sqft
    2021-02-01 0 days 1,778 sqft
    2021-03-01 0 days 1,783 sqft
    2021-04-01 0 days 1,698 sqft
    2021-05-01 0 days 1,733 sqft
    2021-06-01 0 days 1,722 sqft
    2021-07-01 0 days 1,663 sqft
    2021-08-01 0 days 1,644 sqft
    2021-09-01 0 days 1,644 sqft
    2021-10-01 0 days 1,616 sqft
    2021-11-01 0 days 1,596 sqft
    2021-12-01 0 days 1,577 sqft
    2022-01-01 0 days 1,548 sqft
    2022-02-01 0 days 1,570 sqft
    2022-03-01 0 days 1,558 sqft
    2022-04-01 0 days 1,531 sqft
    2022-05-01 0 days 1,631 sqft
    2022-06-01 0 days 1,655 sqft
    2022-07-01 0 days 1,649 sqft
    2022-08-01 0 days 1,699 sqft
    2022-09-01 0 days 1,701 sqft
    2022-10-01 0 days 1,761 sqft
    2022-11-01 0 days 1,655 sqft
    2022-12-01 0 days 1,653 sqft
    2023-01-01 0 days 1,676 sqft
    2023-02-01 0 days 1,697 sqft
    2023-03-01 0 days 1,716 sqft
    2023-04-01 0 days 1,800 sqft
    2023-05-01 0 days 1,806 sqft
    2023-06-01 0 days 1,606 sqft
    2023-07-01 0 days 1,635 sqft
    2023-08-01 0 days 1,707 sqft
    2023-09-01 0 days 1,635 sqft
    2023-10-01 0 days 1,573 sqft
    2023-11-01 0 days 1,587 sqft
    2023-12-01 0 days 1,600 sqft
    2024-01-01 0 days 1,647 sqft
    2024-02-01 0 days 1,630 sqft
    2024-03-01 0 days 1,655 sqft
    Hanford's median listing age (time on market) for 2024-03-01 was 0 days.

    Hanford's median square footage for active listings during the 2024-03-01 period was 1,655 sqft. One year prior, the average listing was 1,716 sqft.