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%.

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 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. 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%) $292,384 (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 for 2022-12-01 was $375,000, a difference of $67,250 (21.9%) versus the prior year and $-1,250 versus the prior month.

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. 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 1,748 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 listing age (time on market) for 2022-12-01 was 0 days.

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.