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 29 lenders originated 168 USDA loans during 2021. The total origination value was $34,480,000, with an average USDA loan value of $205,238.

Lake Havasu City USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Lake Havasu City averaged 6.46% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

Lake Havasu City's average USDA mortgage closing costs are $5,134.

The average rate for the prior week (2023-01-20) was 6.15% and one month ago for the week of 2022-12-23, the average rate was 6.48%.

The average rate one year ago was 4.03%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.76%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
SUN AMERICAN MORTGAGE COMPANY 79 2.90% $5,879
Hometown Lenders, Inc. 20 3.16% $6,537
AXIA FINANCIAL, LLC 14 2.70% $6,531
NOVA FINANCIAL & INVESTMENT CORPORATION 10 3.09% $4,943
UNION HOME MORTGAGE CORP. 5 2.53% $4,924
SECURITYNATIONAL MORTGAGE COMPANY 4 2.53% $6,421
Loan Simple, Inc. 3 3.04% $6,178
MICHIGAN MUTUAL, INC. 3 3.08% $3,535
PENNYMAC LOAN SERVICES, LLC 3 2.75% $5,058
AMERICAN FINANCIAL NETWORK, INC. 2 3.00% $8,447
BROKER SOLUTIONS, INC. 2 2.81% $4,991
CROSSCOUNTRY MORTGAGE, LLC 2 2.87% $5,855
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.69% $6,173
Flagstar Bank, FSB 2 2.94% $5,889
INSPIRE HOME LOANS INC. 2 3.13% $6,506
VILLAGE CAPITAL MORTGAGE 1 2.25% $4,923
LHM FINANCIAL CORPORATION 1 2.63% $5,892
GUARANTEED RATE, INC. 1 2.88% $7,717
GENEVA FINANCIAL, LLC 1 3.25% $7,794
MOUNTAIN AMERICA 1 2.38% $5,598
First Guaranty Mortgage Corporation 1 2.75% $3,037
Paramount Residential Mortgage Group, Inc. 1 3.00% $3,981
FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $6,622
Colten Mortgage, LLC 1 2.38% $3,739
CHURCHILL MORTGAGE CORPORATION 1 2.75% $6,936
CELEBRITY HOME LOANS, LLC 1 3.25% $7,041
UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $6,533
VAN DYK MORTGAGE CORPORATION 1 2.63% $5,894
HOME POINT FINANCIAL CORPORATION 1 2.75% $5,226

The top Lake Havasu City USDA lender as defined by loan originations is SUN AMERICAN MORTGAGE COMPANY, with 79 USDA loans originated. Their average total fees are $5,879, which is $658 lower than the next largest lender, Hometown Lenders, Inc..

The lowest fee Lake Havasu City USDA lenders (with over 10 loans originated) are NOVA FINANCIAL & INVESTMENT CORPORATION ($4,943), SUN AMERICAN MORTGAGE COMPANY ($5,879), AXIA FINANCIAL, LLC ($6,531), Hometown Lenders, Inc. ($6,537) and .

The lowest rate Lake Havasu City USDA lenders (with over 10 loans originated) are AXIA FINANCIAL, LLC (2.70%), SUN AMERICAN MORTGAGE COMPANY (2.90%), NOVA FINANCIAL & INVESTMENT CORPORATION (3.09%), Hometown Lenders, Inc. (3.16%) and .


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 (3.6%) $319,301 (8.5%) 0.93 1,242
2018-02-01 $254,075 (3.2%) $325,834 (8.7%) 0.92 1,345
2018-03-01 $259,900 (5.3%) $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 (8.2%) 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%) $340,315 (9.2%) 0.94 1,011
2018-09-01 $283,900 (13.6%) $346,878 (11.6%) 0.95 1,065
2018-10-01 $283,450 (11.3%) $345,121 (9.3%) 0.96 1,142
2018-11-01 $283,950 (11.4%) $347,456 (9.1%) 0.96 1,229
2018-12-01 $279,450 (9.6%) $343,770 (8.2%) 0.96 1,218
2019-01-01 $281,200 (12.5%) $348,893 (9.3%) 0.97 1,219
2019-02-01 $289,250 (13.8%) $358,515 (10.0%) 0.98 1,286
2019-03-01 $293,571 (13.0%) $363,187 (10.8%) 0.96 1,285
2019-04-01 $298,321 (13.0%) $369,961 (11.1%) 0.95 1,262
2019-05-01 $299,450 (8.9%) $369,067 (9.4%) 0.94 1,250
2019-06-01 $300,000 (5.3%) $375,772 (10.2%) 0.94 1,186
2019-07-01 $304,500 (5.0%) $374,274 (7.4%) 0.95 1,159
2019-08-01 $305,427 (9.1%) $376,899 (10.8%) 0.97 1,165
2019-09-01 $313,568 (10.5%) $383,984 (10.7%) 1.00 1,149
2019-10-01 $321,630 (13.5%) $388,708 (12.6%) 1.04 1,139
2019-11-01 $319,900 (12.7%) $382,682 (10.1%) 1.05 1,114
2019-12-01 $321,890 (15.2%) $387,148 (12.6%) 1.07 1,087
2020-01-01 $324,950 (15.6%) $391,425 (12.2%) 1.09 1,093
2020-02-01 $324,900 (12.3%) $391,299 (9.1%) 1.06 1,024
2020-03-01 $324,900 (10.7%) $391,316 (7.7%) 1.02 999
2020-04-01 $311,000 (4.3%) $377,901 (2.2%) 0.97 1,078
2020-05-01 $305,000 (1.9%) $376,572 (2.0%) 0.93 1,016
2020-06-01 $299,738 (-0.1%) $383,089 (2.0%) 0.88 814
2020-07-01 $322,400 (5.9%) $392,819 (5.0%) 0.93 678
2020-08-01 $325,000 (6.4%) $400,713 (6.3%) 0.93 640
2020-09-01 $331,225 (5.6%) $416,977 (8.6%) 0.95 597
2020-10-01 $342,900 (6.6%) $426,469 (9.7%) 0.98 601
2020-11-01 $342,400 (7.0%) $427,852 (11.8%) 1.00 611
2020-12-01 $341,950 (6.2%) $427,491 (10.4%) 1.02 535
2021-01-01 $333,000 (2.5%) $436,332 (11.5%) 0.99 488
2021-02-01 $339,400 (4.5%) $448,570 (14.6%) 0.99 405
2021-03-01 $349,750 (7.7%) $449,062 (14.8%) 0.99 366
2021-04-01 $368,400 (18.5%) $478,688 (26.7%) 1.00 389
2021-05-01 $395,200 (29.6%) $495,394 (31.6%) 1.05 377
2021-06-01 $410,822 (37.1%) $521,191 (36.1%) 1.08 408
2021-07-01 $399,900 (24.0%) $506,668 (29.0%) 1.05 494
2021-08-01 $399,900 (23.1%) $493,756 (23.2%) 1.07 548
2021-09-01 $399,000 (20.5%) $488,616 (17.2%) 1.06 617
2021-10-01 $409,000 (19.3%) $488,907 (14.6%) 1.09 672
2021-11-01 $399,450 (16.7%) $482,483 (12.8%) 1.07 661
2021-12-01 $394,450 (15.4%) $471,437 (10.3%) 1.07 578
2022-01-01 $425,000 (27.6%) $506,096 (16.0%) 1.15 514
2022-02-01 $430,000 (26.7%) $500,885 (11.7%) 1.12 428
2022-03-01 $444,400 (27.1%) $507,326 (13.0%) 1.11 432
2022-04-01 $450,000 (22.2%) $539,885 (12.8%) 1.07 496
2022-05-01 $442,200 (11.9%) $540,638 (9.1%) 1.01 711
2022-06-01 $425,000 (3.5%) $530,651 (1.8%) 0.95 891
2022-07-01 $425,000 (6.3%) $521,122 (2.9%) 0.96 1,137
2022-08-01 $422,450 (5.6%) $513,132 (3.9%) 0.98 1,255
2022-09-01 $418,975 (5.0%) $497,483 (1.8%) 0.98 1,278
2022-10-01 $419,450 (2.6%) $492,812 (0.8%) 0.99 1,299
2022-11-01 $412,200 (3.2%) $486,152 (0.8%) 0.99 1,346
2022-12-01 $402,950 (2.2%) $474,659 (0.7%) 1.01 1,281
Lake Havasu City's median listing price for 2022-12-01 was $402,950, a difference of $8,500 (2.2%) versus the prior year and $-9,250 versus the prior month.

Lake Havasu City's median listing price comes in at 101% of the national average.

Lake Havasu City's average listing price for 2022-12-01 was $474,659, a difference of $3,222 (0.7%) versus the prior year and $-11,493 versus the prior month.

For the 2022-12-01 period, Lake Havasu City had 1,281 MLS listings, a difference of -65 listings (-5%) versus the prior month and 703 listings (122%) 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 84 days 1,714 sqft
2018-02-01 88 days 1,712 sqft
2018-03-01 77 days 1,713 sqft
2018-04-01 80 days 1,720 sqft
2018-05-01 72 days 1,728 sqft
2018-06-01 75 days 1,761 sqft
2018-07-01 89 days 1,772 sqft
2018-08-01 72 days 1,747 sqft
2018-09-01 63 days 1,755 sqft
2018-10-01 66 days 1,756 sqft
2018-11-01 64 days 1,746 sqft
2018-12-01 72 days 1,725 sqft
2019-01-01 80 days 1,732 sqft
2019-02-01 80 days 1,737 sqft
2019-03-01 74 days 1,748 sqft
2019-04-01 68 days 1,760 sqft
2019-05-01 68 days 1,748 sqft
2019-06-01 72 days 1,774 sqft
2019-07-01 77 days 1,786 sqft
2019-08-01 81 days 1,797 sqft
2019-09-01 81 days 1,804 sqft
2019-10-01 81 days 1,808 sqft
2019-11-01 78 days 1,791 sqft
2019-12-01 87 days 1,780 sqft
2020-01-01 87 days 1,797 sqft
2020-02-01 85 days 1,804 sqft
2020-03-01 72 days 1,782 sqft
2020-04-01 68 days 1,728 sqft
2020-05-01 75 days 1,720 sqft
2020-06-01 88 days 1,716 sqft
2020-07-01 80 days 1,730 sqft
2020-08-01 74 days 1,720 sqft
2020-09-01 71 days 1,718 sqft
2020-10-01 60 days 1,720 sqft
2020-11-01 56 days 1,709 sqft
2020-12-01 60 days 1,742 sqft
2021-01-01 62 days 1,704 sqft
2021-02-01 64 days 1,697 sqft
2021-03-01 50 days 1,737 sqft
2021-04-01 39 days 1,758 sqft
2021-05-01 40 days 1,742 sqft
2021-06-01 41 days 1,736 sqft
2021-07-01 40 days 1,721 sqft
2021-08-01 39 days 1,698 sqft
2021-09-01 39 days 1,712 sqft
2021-10-01 44 days 1,718 sqft
2021-11-01 49 days 1,718 sqft
2021-12-01 58 days 1,714 sqft
2022-01-01 68 days 1,736 sqft
2022-02-01 60 days 1,723 sqft
2022-03-01 42 days 1,736 sqft
2022-04-01 39 days 1,739 sqft
2022-05-01 34 days 1,706 sqft
2022-06-01 36 days 1,642 sqft
2022-07-01 46 days 1,630 sqft
2022-08-01 52 days 1,640 sqft
2022-09-01 62 days 1,642 sqft
2022-10-01 73 days 1,644 sqft
2022-11-01 78 days 1,639 sqft
2022-12-01 89 days 1,635 sqft
Lake Havasu City's median listing age (time on market) for 2022-12-01 was 89 days. This is 53% longer than the same period one year ago.

Lake Havasu City's median square footage for active listings during the 2022-12-01 period was 1,635 sqft. One year prior, the average listing was 1,714 sqft.