Lake Havasu City USDA Loan Rates, Closing Costs & Stats

LAKE HAVASU CITY-KINGMAN, AZ

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 24 lenders originated 85 USDA loans during 2022. The total origination value was $18,575,000, with an average USDA loan value of $218,529.

    Lake Havasu City USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lake Havasu City averaged -0.11% for the week of 2023-06-02, compared to the national average (all USDA variants) of 0% for the same period.

    Lake Havasu City's average USDA mortgage closing costs are $5,372.

    The average rate for the prior week (2023-05-26) was 6.43% and one month ago for the week of 2023-04-28, the average rate was 6.01%.

    The average rate one year ago was 4.67%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.15%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    SUN AMERICAN MORTGAGE COMPANY 25 4.87% $7,480
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 4.67% $7,497
    AXIA FINANCIAL, LLC 8 5.06% $7,506
    Hometown Lenders, Inc. 7 3.98% $7,186
    Plains Commerce Bank 3 5.96% $6,073
    Flagstar Bank, FSB 3 4.81% $6,973
    PENNYMAC LOAN SERVICES, LLC 3 3.02% $5,166
    ACADEMY MORTGAGE CORPORATION 2 5.69% $7,542
    Amerifirst Financial, Inc. 2 5.56% $6,102
    Glacier Bank 2 6.06% $8,797
    HOME POINT FINANCIAL CORPORATION 2 3.18% $5,422
    LOANDEPOT.COM, LLC 2 3.88% $7,786
    VILLAGE CAPITAL MORTGAGE 2 2.50% $8,262
    INSPIRE HOME LOANS INC. 1 6.00% $10,010
    Wells Fargo Bank 1 5.63% $7,124
    Loan Simple, Inc. 1 3.38% $7,333
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 3.25% $6,483
    Paramount Residential Mortgage Group, Inc. 1 3.88% $6,806
    CORNERSTONE HOME LENDING, INC. 1 3.75% $8,228
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $8,617
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $6,908
    Goldwater Bank, N.A. 1 3.25% $5,595
    AMERICAN FINANCIAL RESOURCES, INC. 1 4.50% $5,869
    CROSSCOUNTRY MORTGAGE, LLC 1 5.63% $7,448

    The top Lake Havasu City USDA lender as defined by loan originations is SUN AMERICAN MORTGAGE COMPANY, with 25 USDA loans originated. Their average total fees are $7,480, which is $17 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Lake Havasu City USDA lenders (with over 10 loans originated) are SUN AMERICAN MORTGAGE COMPANY ($7,480), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,497), .

    The lowest rate Lake Havasu City USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.67%), SUN AMERICAN MORTGAGE COMPANY (4.87%), .

    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 $255,425 (3.8%) $326,013 (8.8%) 0.93 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 (13.2%) $358,515 (10.0%) 0.98 1,286
    2019-03-01 $293,571 (13.0%) $363,150 (10.8%) 0.96 1,285
    2019-04-01 $298,321 (13.0%) $369,815 (11.0%) 0.95 1,261
    2019-05-01 $299,450 (8.9%) $369,178 (9.4%) 0.94 1,247
    2019-06-01 $301,000 (5.7%) $376,264 (10.3%) 0.94 1,183
    2019-07-01 $305,000 (5.2%) $374,761 (7.5%) 0.95 1,156
    2019-08-01 $306,155 (9.4%) $377,347 (10.9%) 0.97 1,162
    2019-09-01 $313,886 (10.6%) $384,385 (10.8%) 1.00 1,146
    2019-10-01 $321,950 (13.6%) $389,076 (12.7%) 1.04 1,136
    2019-11-01 $319,900 (12.7%) $383,024 (10.2%) 1.05 1,112
    2019-12-01 $322,300 (15.3%) $387,720 (12.8%) 1.07 1,084
    2020-01-01 $324,950 (15.6%) $392,009 (12.4%) 1.09 1,090
    2020-02-01 $325,000 (12.4%) $391,905 (9.3%) 1.07 1,021
    2020-03-01 $324,950 (10.7%) $391,943 (7.9%) 1.02 996
    2020-04-01 $311,950 (4.6%) $378,462 (2.3%) 0.98 1,075
    2020-05-01 $305,000 (1.9%) $377,163 (2.2%) 0.93 1,013
    2020-06-01 $299,900 (-0.4%) $383,843 (2.0%) 0.88 810
    2020-07-01 $322,400 (5.7%) $393,680 (5.1%) 0.93 674
    2020-08-01 $325,000 (6.2%) $401,617 (6.4%) 0.93 636
    2020-09-01 $333,750 (6.3%) $418,161 (8.8%) 0.96 593
    2020-10-01 $344,900 (7.1%) $427,707 (9.9%) 0.99 597
    2020-11-01 $343,650 (7.4%) $429,091 (12.0%) 1.01 607
    2020-12-01 $342,225 (6.2%) $428,867 (10.6%) 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 $409,900 (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 $417,000 (-7.3%) $516,122 (-4.7%) 0.97 964
    2023-05-01 $424,925 (-4.0%) $540,535 (-0.3%) 0.96 908
    Lake Havasu City's median listing price for 2023-05-01 was $424,925, a difference of $-17,525 (-4.0%) versus the prior year and $7,925 versus the prior month.

    Lake Havasu City's median listing price comes in at 96% of the national average.

    Lake Havasu City's average listing price for 2023-05-01 was $540,535, a difference of $-1,721 (-0.3%) versus the prior year and $24,413 versus the prior month.

    For the 2023-05-01 period, Lake Havasu City had 908 MLS listings, a difference of -56 listings (-6%) versus the prior month and 201 listings (28%) 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 1,755 sqft
    2018-10-01 57 days 1,756 sqft
    2018-11-01 58 days 1,746 sqft
    2018-12-01 65 days 1,725 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 62 days 1,759 sqft
    2019-05-01 62 days 1,748 sqft
    2019-06-01 66 days 1,775 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 1,809 sqft
    2019-11-01 70 days 1,791 sqft
    2019-12-01 79 days 1,780 sqft
    2020-01-01 79 days 1,798 sqft
    2020-02-01 79 days 1,805 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 1,743 sqft
    2021-01-01 55 days 1,709 sqft
    2021-02-01 45 days 1,700 sqft
    2021-03-01 37 days 1,743 sqft
    2021-04-01 31 days 1,759 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 1,696 sqft
    2023-05-01 66 days 1,764 sqft
    Lake Havasu City's median listing age (time on market) for 2023-05-01 was 66 days. This is 113% longer than the same period one year ago.

    Lake Havasu City's median square footage for active listings during the 2023-05-01 period was 1,764 sqft. One year prior, the average listing was 1,706 sqft.