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
7.21%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Lake Havasu City's average USDA mortgage closing costs are $5,581.
The average rate for the prior week (2024-04-12) was
6.96% and
one month ago for the week of 2024-03-15, the
average rate was 6.55%.
The average rate one year ago was 6.59%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.07%.
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 |
Lake Havasu City's median listing price comes in at 100% of the national average.
Lake Havasu City's average listing price for 2024-03-01 was $553,910, a difference of $61,465 (12.5%) versus the prior year and $-6,324 versus the prior month.
For the 2024-03-01 period, Lake Havasu City had 1,107 MLS listings, a difference of 55 listings (5%) versus the prior month and 89 listings (9%) 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 | 1,698 sqft |
Lake Havasu City's median square footage for active listings during the 2024-03-01 period was 1,698 sqft. One year prior, the average listing was 1,657 sqft.