Lake Havasu City USDA Loans

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 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 .