Lake Havasu City USDA Loans

LAKE HAVASU CITY-KINGMAN, AZ

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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.

    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 5.26% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-07-29) was 5.78% and one month ago for the week of 2022-07-01, the average rate was 5.92%.

    The average rate one year ago was 3.3%.

    For refis of the same type during the week of 2022-08-05, the average rate was 5.26%.

    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 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. Total Fees
    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 & INVESTMENT LLC 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 .