Lake Havasu City USDA Loan Rates, Closing Costs & Stats

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 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.