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 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.