Las Cruces USDA Loan Rates, Closing Costs & Stats
LAS CRUCES, NM
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.
Las Cruces's 2 lenders originated 2 USDA loans during 2023. The total origination value was $340,000, with an average USDA loan value of $170,000.
Las Cruces USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Las Cruces
averaged
6.29%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Las Cruces's average USDA mortgage closing costs are $5,477.
The average rate for the prior week (2025-02-07) was
6.45% and
one month ago for the week of 2025-01-10, the
average rate was 6.29%.
The average rate one year ago was 6.49%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.23%.
Las Cruces 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 Las Cruces level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| CANOPY MORTGAGE, LLC | 1 | 5.63% | $11,787 |
| MOVEMENT MORTGAGE, LLC | 1 | 6.75% | $6,482 |
The top Las Cruces USDA lender as defined by loan originations is CANOPY MORTGAGE, LLC, with
1 USDA loans originated. Their average total fees are
$11,787, which is $5,305
higher than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Las Cruces USDA lenders (with over 10 loans originated) are
.
The lowest rate Las Cruces USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Las Cruces (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 | $213,913 (4.0%) | $274,512 (5.8%) | 0.79 | 772 |
| 2018-02-01 | $212,854 (-1.0%) | $272,853 (4.8%) | 0.77 | 782 |
| 2018-03-01 | $207,950 (-1.5%) | $259,822 (0.6%) | 0.73 | 838 |
| 2018-04-01 | $208,738 (-0.1%) | $261,985 (2.1%) | 0.71 | 841 |
| 2018-05-01 | $209,450 (1.0%) | $267,533 (5.0%) | 0.70 | 859 |
| 2018-06-01 | $214,950 (4.1%) | $269,786 (4.2%) | 0.72 | 855 |
| 2018-07-01 | $212,580 (1.3%) | $269,005 (4.9%) | 0.71 | 863 |
| 2018-08-01 | $205,000 (-2.6%) | $262,864 (1.8%) | 0.69 | 856 |
| 2018-09-01 | $209,000 (-1.8%) | $265,762 (2.4%) | 0.70 | 835 |
| 2018-10-01 | $210,185 (-1.8%) | $271,970 (4.7%) | 0.71 | 851 |
| 2018-11-01 | $206,363 (-3.2%) | $271,148 (3.2%) | 0.70 | 824 |
| 2018-12-01 | $204,201 (-2.8%) | $267,686 (2.4%) | 0.71 | 800 |
| 2019-01-01 | $205,000 (-4.2%) | $280,332 (2.1%) | 0.71 | 724 |
| 2019-02-01 | $216,873 (1.9%) | $286,198 (4.9%) | 0.73 | 723 |
| 2019-03-01 | $216,490 (4.1%) | $290,624 (11.9%) | 0.71 | 704 |
| 2019-04-01 | $224,500 (7.6%) | $303,317 (15.8%) | 0.71 | 670 |
| 2019-05-01 | $224,900 (7.4%) | $308,721 (15.4%) | 0.70 | 681 |
| 2019-06-01 | $227,500 (5.8%) | $313,905 (16.4%) | 0.71 | 684 |
| 2019-07-01 | $229,488 (8.0%) | $313,461 (16.5%) | 0.72 | 683 |
| 2019-08-01 | $229,273 (11.8%) | $312,273 (18.8%) | 0.73 | 683 |
| 2019-09-01 | $229,682 (9.9%) | $311,210 (17.1%) | 0.74 | 671 |
| 2019-10-01 | $229,975 (9.4%) | $312,123 (14.8%) | 0.74 | 663 |
| 2019-11-01 | $228,900 (10.9%) | $300,715 (10.9%) | 0.75 | 657 |
| 2019-12-01 | $228,850 (12.1%) | $298,923 (11.7%) | 0.76 | 625 |
| 2020-01-01 | $224,056 (9.3%) | $282,827 (0.9%) | 0.75 | 741 |
| 2020-02-01 | $225,000 (3.8%) | $283,542 (-0.9%) | 0.74 | 772 |
| 2020-03-01 | $235,000 (8.6%) | $293,615 (1.0%) | 0.74 | 769 |
| 2020-04-01 | $235,471 (4.9%) | $293,993 (-3.1%) | 0.74 | 735 |
| 2020-05-01 | $238,000 (5.8%) | $294,710 (-4.5%) | 0.72 | 738 |
| 2020-06-01 | $242,000 (6.4%) | $297,601 (-5.2%) | 0.71 | 729 |
| 2020-07-01 | $242,500 (5.7%) | $300,470 (-4.1%) | 0.70 | 714 |
| 2020-08-01 | $239,000 (4.2%) | $300,581 (-3.7%) | 0.68 | 714 |
| 2020-09-01 | $238,320 (3.8%) | $300,940 (-3.3%) | 0.68 | 659 |
| 2020-10-01 | $235,850 (2.6%) | $299,182 (-4.2%) | 0.68 | 671 |
| 2020-11-01 | $241,000 (5.3%) | $302,263 (0.5%) | 0.70 | 679 |
| 2020-12-01 | $249,450 (9.0%) | $303,359 (1.5%) | 0.74 | 643 |
| 2021-01-01 | $262,500 (17.2%) | $307,532 (8.7%) | 0.78 | 594 |
| 2021-02-01 | $264,500 (17.6%) | $307,885 (8.6%) | 0.77 | 602 |
| 2021-03-01 | $265,955 (13.2%) | $306,190 (4.3%) | 0.75 | 638 |
| 2021-04-01 | $269,000 (14.2%) | $303,555 (3.3%) | 0.73 | 666 |
| 2021-05-01 | $275,000 (15.6%) | $309,941 (5.2%) | 0.73 | 673 |
| 2021-06-01 | $279,000 (15.3%) | $319,561 (7.4%) | 0.73 | 691 |
| 2021-07-01 | $284,500 (17.3%) | $326,051 (8.5%) | 0.75 | 742 |
| 2021-08-01 | $285,000 (19.3%) | $327,273 (8.9%) | 0.76 | 800 |
| 2021-09-01 | $279,500 (17.3%) | $330,208 (9.7%) | 0.75 | 763 |
| 2021-10-01 | $285,000 (20.8%) | $338,327 (13.1%) | 0.76 | 710 |
| 2021-11-01 | $278,989 (15.8%) | $336,266 (11.3%) | 0.75 | 682 |
| 2021-12-01 | $294,500 (18.1%) | $341,251 (12.5%) | 0.80 | 660 |
| 2022-01-01 | $335,950 (28.0%) | $356,137 (15.8%) | 0.91 | 615 |
| 2022-02-01 | $346,500 (31.0%) | $362,787 (17.8%) | 0.90 | 593 |
| 2022-03-01 | $328,695 (23.6%) | $369,468 (20.7%) | 0.82 | 637 |
| 2022-04-01 | $330,000 (22.7%) | $377,241 (24.3%) | 0.79 | 607 |
| 2022-05-01 | $338,818 (23.2%) | $383,578 (23.8%) | 0.77 | 606 |
| 2022-06-01 | $346,330 (24.1%) | $384,608 (20.4%) | 0.77 | 631 |
| 2022-07-01 | $356,130 (25.2%) | $389,890 (19.6%) | 0.80 | 658 |
| 2022-08-01 | $361,333 (26.8%) | $397,534 (21.5%) | 0.84 | 681 |
| 2022-09-01 | $364,983 (30.6%) | $402,954 (22.0%) | 0.85 | 655 |
| 2022-10-01 | $359,613 (26.2%) | $393,849 (16.4%) | 0.85 | 672 |
| 2022-11-01 | $362,950 (30.1%) | $389,911 (16.0%) | 0.87 | 750 |
| 2022-12-01 | $369,500 (25.5%) | $392,120 (14.9%) | 0.91 | 681 |
| 2023-01-01 | $370,113 (10.2%) | $390,349 (9.6%) | 0.92 | 662 |
| 2023-02-01 | $359,756 (3.8%) | $382,956 (5.6%) | 0.87 | 675 |
| 2023-03-01 | $351,085 (6.8%) | $385,119 (4.2%) | 0.83 | 674 |
| 2023-04-01 | $349,925 (6.0%) | $390,236 (3.4%) | 0.81 | 704 |
| 2023-05-01 | $352,849 (4.1%) | $401,436 (4.7%) | 0.80 | 714 |
| 2023-06-01 | $356,075 (2.8%) | $403,175 (4.8%) | 0.80 | 712 |
| 2023-07-01 | $362,465 (1.8%) | $411,609 (5.6%) | 0.82 | 707 |
| 2023-08-01 | $357,463 (-1.1%) | $407,246 (2.4%) | 0.82 | 778 |
| 2023-09-01 | $357,000 (-2.2%) | $407,908 (1.2%) | 0.83 | 912 |
| 2023-10-01 | $362,225 (0.7%) | $422,722 (7.3%) | 0.85 | 598 |
| 2023-11-01 | $372,338 (2.6%) | $430,650 (10.5%) | 0.89 | 607 |
| 2023-12-01 | $369,950 (0.1%) | $434,084 (10.7%) | 0.90 | 597 |
| 2024-01-01 | $370,088 (0.0%) | $438,392 (12.3%) | 0.90 | 582 |
| 2024-02-01 | $374,963 (4.2%) | $440,668 (15.1%) | 0.90 | 599 |
| 2024-03-01 | $369,000 (5.1%) | $430,993 (11.9%) | 0.87 | 630 |
| 2024-04-01 | $365,000 (4.3%) | $425,553 (9.1%) | 0.85 | 650 |
| 2024-05-01 | $365,000 (3.4%) | $422,496 (5.3%) | 0.83 | 670 |
| 2024-06-01 | $365,900 (2.8%) | $434,342 (7.7%) | 0.82 | 650 |
| 2024-07-01 | $367,450 (1.4%) | $418,364 (1.6%) | 0.84 | 718 |
| 2024-08-01 | $374,500 (4.8%) | $422,019 (3.6%) | 0.87 | 757 |
| 2024-09-01 | $382,000 (7.0%) | $435,093 (6.7%) | 0.90 | 752 |
| 2024-10-01 | $389,000 (7.4%) | $436,002 (3.1%) | 0.92 | 751 |
| 2024-11-01 | $365,155 (-1.9%) | $437,970 (1.7%) | 0.88 | 654 |
| 2024-12-01 | $367,053 (-0.8%) | $443,439 (2.2%) | 0.91 | 637 |
| 2025-01-01 | $371,625 (0.4%) | $447,626 (2.1%) | 0.00 | 620 |
Las Cruces's median listing price comes in at 0% of the national average.
Las Cruces's average listing price for 2025-01-01 was $447,626, a difference of $9,234 (2.1%) versus the prior year and $4,187 versus the prior month.
For the 2025-01-01 period, Las Cruces had 620 MLS listings, a difference of -17 listings (-3%) versus the prior month and 38 listings (7%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Las Cruces (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 97 days | 1,947 sqft |
| 2018-02-01 | 94 days | 1,939 sqft |
| 2018-03-01 | 73 days | 1,929 sqft |
| 2018-04-01 | 68 days | 1,945 sqft |
| 2018-05-01 | 65 days | 1,961 sqft |
| 2018-06-01 | 63 days | 1,957 sqft |
| 2018-07-01 | 73 days | 1,946 sqft |
| 2018-08-01 | 72 days | 1,924 sqft |
| 2018-09-01 | 73 days | 1,920 sqft |
| 2018-10-01 | 75 days | 1,906 sqft |
| 2018-11-01 | 79 days | 1,923 sqft |
| 2018-12-01 | 89 days | 1,900 sqft |
| 2019-01-01 | 91 days | 1,926 sqft |
| 2019-02-01 | 81 days | 1,975 sqft |
| 2019-03-01 | 72 days | 1,962 sqft |
| 2019-04-01 | 66 days | 2,018 sqft |
| 2019-05-01 | 61 days | 1,993 sqft |
| 2019-06-01 | 64 days | 2,025 sqft |
| 2019-07-01 | 62 days | 2,053 sqft |
| 2019-08-01 | 64 days | 2,070 sqft |
| 2019-09-01 | 67 days | 2,061 sqft |
| 2019-10-01 | 70 days | 2,056 sqft |
| 2019-11-01 | 68 days | 2,027 sqft |
| 2019-12-01 | 78 days | 2,023 sqft |
| 2020-01-01 | 83 days | 1,966 sqft |
| 2020-02-01 | 80 days | 1,970 sqft |
| 2020-03-01 | 58 days | 2,009 sqft |
| 2020-04-01 | 57 days | 1,999 sqft |
| 2020-05-01 | 64 days | 1,975 sqft |
| 2020-06-01 | 66 days | 1,981 sqft |
| 2020-07-01 | 57 days | 2,000 sqft |
| 2020-08-01 | 53 days | 1,987 sqft |
| 2020-09-01 | 52 days | 1,968 sqft |
| 2020-10-01 | 47 days | 1,959 sqft |
| 2020-11-01 | 47 days | 1,961 sqft |
| 2020-12-01 | 55 days | 1,988 sqft |
| 2021-01-01 | 61 days | 2,020 sqft |
| 2021-02-01 | 45 days | 2,010 sqft |
| 2021-03-01 | 44 days | 2,002 sqft |
| 2021-04-01 | 43 days | 1,999 sqft |
| 2021-05-01 | 44 days | 2,000 sqft |
| 2021-06-01 | 48 days | 2,016 sqft |
| 2021-07-01 | 45 days | 2,047 sqft |
| 2021-08-01 | 42 days | 2,004 sqft |
| 2021-09-01 | 51 days | 1,944 sqft |
| 2021-10-01 | 57 days | 2,000 sqft |
| 2021-11-01 | 55 days | 1,965 sqft |
| 2021-12-01 | 57 days | 2,007 sqft |
| 2022-01-01 | 56 days | 2,122 sqft |
| 2022-02-01 | 48 days | 2,137 sqft |
| 2022-03-01 | 47 days | 2,046 sqft |
| 2022-04-01 | 45 days | 2,041 sqft |
| 2022-05-01 | 45 days | 2,046 sqft |
| 2022-06-01 | 44 days | 2,080 sqft |
| 2022-07-01 | 45 days | 2,062 sqft |
| 2022-08-01 | 47 days | 2,057 sqft |
| 2022-09-01 | 58 days | 2,104 sqft |
| 2022-10-01 | 60 days | 2,029 sqft |
| 2022-11-01 | 51 days | 2,029 sqft |
| 2022-12-01 | 58 days | 2,024 sqft |
| 2023-01-01 | 72 days | 2,021 sqft |
| 2023-02-01 | 90 days | 1,985 sqft |
| 2023-03-01 | 75 days | 1,945 sqft |
| 2023-04-01 | 53 days | 1,959 sqft |
| 2023-05-01 | 58 days | 1,973 sqft |
| 2023-06-01 | 60 days | 1,985 sqft |
| 2023-07-01 | 59 days | 2,051 sqft |
| 2023-08-01 | 58 days | 2,012 sqft |
| 2023-09-01 | 72 days | 1,999 sqft |
| 2023-10-01 | 82 days | 2,055 sqft |
| 2023-11-01 | 74 days | 2,112 sqft |
| 2023-12-01 | 86 days | 2,097 sqft |
| 2024-01-01 | 85 days | 2,108 sqft |
| 2024-02-01 | 65 days | 2,136 sqft |
| 2024-03-01 | 54 days | 2,050 sqft |
| 2024-04-01 | 58 days | 2,023 sqft |
| 2024-05-01 | 61 days | 2,000 sqft |
| 2024-06-01 | 62 days | 2,011 sqft |
| 2024-07-01 | 52 days | 2,024 sqft |
| 2024-08-01 | 54 days | 2,050 sqft |
| 2024-09-01 | 62 days | 2,050 sqft |
| 2024-10-01 | 82 days | 2,050 sqft |
| 2024-11-01 | 73 days | 1,984 sqft |
| 2024-12-01 | 80 days | 1,997 sqft |
| 2025-01-01 | 0 days | 2,003 sqft |
Las Cruces's median square footage for active listings during the 2025-01-01 period was 2,003 sqft. One year prior, the average listing was 2,108 sqft.