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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.