Lake Havasu City USDA Loan Rates, Closing Costs & Stats

LAKE HAVASU CITY-KINGMAN, AZ

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.

Lake Havasu City's 15 lenders originated 53 USDA loans during 2023. The total origination value was $12,025,000, with an average USDA loan value of $226,887.

Lake Havasu City USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Lake Havasu City averaged 6.96% for the week of 2024-06-14, compared to the national average (all USDA variants) of 6.709% for the same period.

Lake Havasu City's average USDA mortgage closing costs are $5,581.

The average rate for the prior week (2024-06-07) was 6.65% and one month ago for the week of 2024-05-10, the average rate was 7.14%.

The average rate one year ago was 6.79%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.81%.

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

Lake Havasu City 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 Lake Havasu City level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
AMERICAN PACIFIC MORTGAGE CORPORATION 15 6.63% $9,062
SUN AMERICAN MORTGAGE COMPANY 12 6.67% $7,523
Flagstar Bank, FSB 8 6.81% $7,841
AMERICAN FINANCIAL NETWORK, INC. 4 6.47% $10,216
Plains Commerce Bank 2 7.38% $8,595
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.19% $6,930
AXIA FINANCIAL, LLC 2 6.19% $9,743
UNITED WHOLESALE MORTGAGE, LLC 1 6.88% $9,001
VILLAGE CAPITAL MORTGAGE 1 6.00% $8,731
Equity Prime Mortgage LLC 1 6.75% $10,954
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.00% $7,163
GUARANTEED RATE AFFINITY, LLC 1 6.75% $8,177
PANORAMA MORTGAGE GROUP, LLC 1 7.25% $10,452
Paramount Residential Mortgage Group, Inc. 1 5.63% $10,639
Sierra Pacific Mortgage Company, Inc. 1 6.13% $7,082

The top Lake Havasu City USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with 15 USDA loans originated. Their average total fees are $9,062, which is $1,539 higher than the next largest lender, SUN AMERICAN MORTGAGE COMPANY.

The lowest fee Lake Havasu City USDA lenders (with over 10 loans originated) are SUN AMERICAN MORTGAGE COMPANY ($7,523), AMERICAN PACIFIC MORTGAGE CORPORATION ($9,062), .

The lowest rate Lake Havasu City USDA lenders (with over 10 loans originated) are AMERICAN PACIFIC MORTGAGE CORPORATION (6.63%), SUN AMERICAN MORTGAGE COMPANY (6.67%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Lake Havasu City (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 $249,900 (3.5%) $319,301 (8.4%) 0.93 1,242
2018-02-01 $255,425 (3.6%) $326,013 (8.8%) 0.93 1,345
2018-03-01 $259,900 (5.2%) $327,712 (7.5%) 0.91 1,210
2018-04-01 $263,900 (6.5%) $333,048 (7.8%) 0.89 1,198
2018-05-01 $275,000 (10.0%) $337,480 (8.1%) 0.92 1,114
2018-06-01 $284,900 (10.0%) $341,023 (8.5%) 0.95 1,046
2018-07-01 $289,975 (12.0%) $348,570 (10.7%) 0.97 1,012
2018-08-01 $279,950 (10.0%) $340,334 (9.2%) 0.94 1,010
2018-09-01 $283,450 (13.4%) $346,918 (11.6%) 0.95 1,064
2018-10-01 $283,200 (11.2%) $345,157 (9.3%) 0.96 1,141
2018-11-01 $283,950 (11.4%) $347,492 (9.1%) 0.96 1,228
2018-12-01 $279,000 (9.5%) $343,805 (8.2%) 0.96 1,217
2019-01-01 $280,575 (12.3%) $348,930 (9.3%) 0.97 1,218
2019-02-01 $289,250 (13.2%) $358,558 (10.0%) 0.98 1,285
2019-03-01 $293,571 (13.0%) $363,074 (10.8%) 0.96 1,285
2019-04-01 $298,321 (13.0%) $369,600 (11.0%) 0.95 1,262
2019-05-01 $299,450 (8.9%) $368,932 (9.3%) 0.94 1,248
2019-06-01 $300,500 (5.5%) $375,998 (10.3%) 0.94 1,184
2019-07-01 $304,750 (5.1%) $374,632 (7.5%) 0.95 1,157
2019-08-01 $305,791 (9.2%) $377,153 (10.8%) 0.97 1,163
2019-09-01 $313,727 (10.7%) $384,091 (10.7%) 1.00 1,148
2019-10-01 $321,310 (13.5%) $388,716 (12.6%) 1.04 1,138
2019-11-01 $319,900 (12.7%) $382,869 (10.2%) 1.05 1,114
2019-12-01 $322,200 (15.5%) $387,554 (12.7%) 1.07 1,085
2020-01-01 $324,950 (15.8%) $391,840 (12.3%) 1.09 1,091
2020-02-01 $325,000 (12.4%) $391,727 (9.3%) 1.06 1,021
2020-03-01 $324,950 (10.7%) $391,943 (8.0%) 1.02 996
2020-04-01 $311,950 (4.6%) $378,462 (2.4%) 0.98 1,075
2020-05-01 $305,000 (1.9%) $377,263 (2.3%) 0.93 1,012
2020-06-01 $299,900 (-0.2%) $383,843 (2.1%) 0.88 810
2020-07-01 $322,400 (5.8%) $393,680 (5.1%) 0.93 674
2020-08-01 $325,000 (6.3%) $401,617 (6.5%) 0.93 636
2020-09-01 $333,750 (6.4%) $418,161 (8.9%) 0.96 593
2020-10-01 $344,900 (7.3%) $427,707 (10.0%) 0.99 597
2020-11-01 $343,650 (7.4%) $429,091 (12.1%) 1.00 607
2020-12-01 $342,225 (6.2%) $428,867 (10.7%) 1.02 531
2021-01-01 $334,500 (2.9%) $437,781 (11.7%) 1.00 484
2021-02-01 $342,400 (5.4%) $450,550 (15.0%) 1.00 401
2021-03-01 $349,950 (7.7%) $451,091 (15.1%) 0.99 363
2021-04-01 $369,200 (18.4%) $480,715 (27.0%) 1.00 386
2021-05-01 $398,000 (30.5%) $497,608 (31.9%) 1.06 374
2021-06-01 $412,450 (37.5%) $523,777 (36.5%) 1.09 404
2021-07-01 $402,500 (24.8%) $508,619 (29.2%) 1.06 490
2021-08-01 $399,950 (23.1%) $495,614 (23.4%) 1.07 544
2021-09-01 $399,000 (19.6%) $490,209 (17.2%) 1.06 613
2021-10-01 $409,950 (18.9%) $490,393 (14.7%) 1.09 668
2021-11-01 $399,750 (16.3%) $483,933 (12.8%) 1.07 657
2021-12-01 $395,950 (15.7%) $472,933 (10.3%) 1.07 574
2022-01-01 $425,450 (27.2%) $508,148 (16.1%) 1.15 510
2022-02-01 $433,450 (26.6%) $503,147 (11.7%) 1.13 424
2022-03-01 $444,700 (27.1%) $509,454 (12.9%) 1.11 428
2022-04-01 $450,000 (21.9%) $541,733 (12.7%) 1.07 492
2022-05-01 $442,450 (11.2%) $542,256 (9.0%) 1.01 707
2022-06-01 $427,000 (3.5%) $531,902 (1.6%) 0.95 887
2022-07-01 $425,000 (5.6%) $522,095 (2.7%) 0.96 1,133
2022-08-01 $424,900 (6.2%) $514,001 (3.7%) 0.98 1,251
2022-09-01 $419,450 (5.1%) $498,285 (1.7%) 0.98 1,274
2022-10-01 $419,900 (2.4%) $493,599 (0.7%) 0.99 1,295
2022-11-01 $412,450 (3.2%) $486,873 (0.6%) 0.99 1,343
2022-12-01 $405,000 (2.3%) $477,606 (1.0%) 1.00 1,255
2023-01-01 $404,353 (-5.0%) $485,315 (-4.5%) 1.00 1,157
2023-02-01 $404,626 (-6.7%) $486,009 (-3.4%) 0.98 1,081
2023-03-01 $405,000 (-8.9%) $492,445 (-3.3%) 0.96 1,018
2023-04-01 $416,000 (-7.6%) $515,899 (-4.8%) 0.97 964
2023-05-01 $424,925 (-4.0%) $540,535 (-0.3%) 0.96 908
2023-06-01 $417,541 (-2.2%) $529,523 (-0.5%) 0.94 883
2023-07-01 $420,000 (-1.2%) $529,842 (1.5%) 0.95 867
2023-08-01 $423,110 (-0.4%) $518,203 (0.8%) 0.97 866
2023-09-01 $419,900 (0.1%) $536,615 (7.7%) 0.98 937
2023-10-01 $419,900 (0.0%) $544,408 (10.3%) 0.99 1,022
2023-11-01 $417,450 (1.2%) $548,029 (12.6%) 0.99 1,100
2023-12-01 $419,000 (3.5%) $540,845 (13.2%) 1.02 1,059
2024-01-01 $426,533 (5.5%) $553,866 (14.1%) 1.04 1,023
2024-02-01 $429,450 (6.1%) $560,234 (15.3%) 1.03 1,052
2024-03-01 $425,000 (4.9%) $553,910 (12.5%) 1.00 1,107
2024-04-01 $423,534 (1.8%) $573,979 (11.3%) 0.99 1,075
2024-05-01 $429,900 (1.2%) $574,841 (6.4%) 0.97 1,138
Lake Havasu City's median listing price for 2024-05-01 was $429,900, a difference of $4,975 (1.2%) versus the prior year and $6,366 versus the prior month.

Lake Havasu City's median listing price comes in at 97% of the national average.

Lake Havasu City's average listing price for 2024-05-01 was $574,841, a difference of $34,306 (6.4%) versus the prior year and $862 versus the prior month.

For the 2024-05-01 period, Lake Havasu City had 1,138 MLS listings, a difference of 63 listings (6%) versus the prior month and 230 listings (25%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lake Havasu City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 78 days 1,714 sqft
2018-02-01 75 days 1,711 sqft
2018-03-01 66 days 1,713 sqft
2018-04-01 70 days 1,720 sqft
2018-05-01 62 days 1,728 sqft
2018-06-01 67 days 1,761 sqft
2018-07-01 81 days 1,772 sqft
2018-08-01 62 days 1,747 sqft
2018-09-01 56 days 1,754 sqft
2018-10-01 57 days 1,755 sqft
2018-11-01 58 days 1,746 sqft
2018-12-01 65 days 1,724 sqft
2019-01-01 74 days 1,732 sqft
2019-02-01 72 days 1,737 sqft
2019-03-01 64 days 1,747 sqft
2019-04-01 63 days 1,758 sqft
2019-05-01 61 days 1,746 sqft
2019-06-01 66 days 1,774 sqft
2019-07-01 72 days 1,786 sqft
2019-08-01 72 days 1,797 sqft
2019-09-01 71 days 1,804 sqft
2019-10-01 71 days 1,808 sqft
2019-11-01 70 days 1,789 sqft
2019-12-01 79 days 1,780 sqft
2020-01-01 79 days 1,797 sqft
2020-02-01 79 days 1,804 sqft
2020-03-01 65 days 1,783 sqft
2020-04-01 61 days 1,728 sqft
2020-05-01 68 days 1,720 sqft
2020-06-01 77 days 1,716 sqft
2020-07-01 63 days 1,731 sqft
2020-08-01 60 days 1,721 sqft
2020-09-01 58 days 1,720 sqft
2020-10-01 49 days 1,724 sqft
2020-11-01 49 days 1,710 sqft
2020-12-01 51 days 1,745 sqft
2021-01-01 55 days 1,709 sqft
2021-02-01 45 days 1,700 sqft
2021-03-01 37 days 1,741 sqft
2021-04-01 31 days 1,758 sqft
2021-05-01 35 days 1,743 sqft
2021-06-01 34 days 1,738 sqft
2021-07-01 35 days 1,722 sqft
2021-08-01 34 days 1,701 sqft
2021-09-01 35 days 1,713 sqft
2021-10-01 41 days 1,720 sqft
2021-11-01 44 days 1,719 sqft
2021-12-01 53 days 1,715 sqft
2022-01-01 63 days 1,737 sqft
2022-02-01 50 days 1,725 sqft
2022-03-01 39 days 1,739 sqft
2022-04-01 36 days 1,741 sqft
2022-05-01 31 days 1,706 sqft
2022-06-01 35 days 1,643 sqft
2022-07-01 45 days 1,630 sqft
2022-08-01 50 days 1,641 sqft
2022-09-01 60 days 1,642 sqft
2022-10-01 71 days 1,644 sqft
2022-11-01 74 days 1,639 sqft
2022-12-01 84 days 1,633 sqft
2023-01-01 89 days 1,655 sqft
2023-02-01 86 days 1,653 sqft
2023-03-01 69 days 1,657 sqft
2023-04-01 66 days 1,697 sqft
2023-05-01 66 days 1,765 sqft
2023-06-01 58 days 1,722 sqft
2023-07-01 58 days 1,728 sqft
2023-08-01 60 days 1,745 sqft
2023-09-01 56 days 1,719 sqft
2023-10-01 54 days 1,710 sqft
2023-11-01 57 days 1,695 sqft
2023-12-01 71 days 1,683 sqft
2024-01-01 71 days 1,708 sqft
2024-02-01 58 days 1,707 sqft
2024-03-01 57 days 1,697 sqft
2024-04-01 63 days 1,687 sqft
2024-05-01 56 days 1,686 sqft
Lake Havasu City's median listing age (time on market) for 2024-05-01 was 56 days. This is -16% shorter than the same period one year ago.

Lake Havasu City's median square footage for active listings during the 2024-05-01 period was 1,686 sqft. One year prior, the average listing was 1,765 sqft.