Las Vegas USDA Loan Rates, Closing Costs & Stats

LAS VEGAS-HENDERSON-PARADISE, NV

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 Vegas's 14 lenders originated 113 USDA loans during 2021. The total origination value was $38,655,000, with an average USDA loan value of $342,080.

Las Vegas USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Las Vegas averaged 0.1% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

Las Vegas's average USDA mortgage closing costs are $6,514.

The average rate for the prior week (2022-11-18) was 6.65% and one month ago for the week of 2022-10-21, the average rate was 7.06%.

The average rate one year ago was 3.3%.

For refis of the same type during the week of 2022-11-25, the average rate was -0.42%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Las Vegas 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 Vegas level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
SECURITYNATIONAL MORTGAGE COMPANY 19 2.49% $6,907
GUARANTEED RATE, INC. 19 3.11% $7,481
BROKER SOLUTIONS, INC. 9 3.18% $6,542
GUILD MORTGAGE COMPANY 7 2.86% $9,025
HOME POINT FINANCIAL CORPORATION 4 2.78% $6,829
UNITED WHOLESALE MORTGAGE, LLC 3 2.83% $7,035
AMERICAN FINANCIAL NETWORK, INC. 2 3.38% $5,918
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.43% $7,295
PENNYMAC LOAN SERVICES, LLC 1 2.75% $6,139
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.00% $11,655
CMG MORTGAGE, INC. 1 2.75% $6,623
SWBC MORTGAGE CORPORATION 1 2.63% $5,859
BAY EQUITY LLC 1 2.75% $6,470
Wells Fargo Bank 1 2.25% $6,098

The top Las Vegas USDA lender as defined by loan originations is SECURITYNATIONAL MORTGAGE COMPANY, with 19 USDA loans originated. Their average total fees are $6,907, which is $574 lower than the next largest lender, GUARANTEED RATE, INC..

The lowest fee Las Vegas USDA lenders (with over 10 loans originated) are SECURITYNATIONAL MORTGAGE COMPANY ($6,907), GUARANTEED RATE, INC. ($7,481), .

The lowest rate Las Vegas USDA lenders (with over 10 loans originated) are SECURITYNATIONAL MORTGAGE COMPANY (2.49%), GUARANTEED RATE, INC. (3.11%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Las Vegas (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 $341,995 (18.1%) $573,737 (26.4%) 1.27 4,528
2018-02-01 $340,372 (14.0%) $562,895 (20.2%) 1.24 4,572
2018-03-01 $349,000 (15.4%) $571,441 (19.7%) 1.22 4,634
2018-04-01 $350,000 (11.1%) $572,990 (17.7%) 1.19 4,836
2018-05-01 $352,500 (10.2%) $574,375 (15.1%) 1.18 4,985
2018-06-01 $359,888 (10.8%) $581,992 (15.1%) 1.20 5,265
2018-07-01 $349,448 (7.7%) $537,060 (6.4%) 1.17 5,507
2018-08-01 $339,450 (6.1%) $507,015 (-0.1%) 1.14 6,295
2018-09-01 $330,000 (3.1%) $492,838 (-3.4%) 1.11 7,173
2018-10-01 $324,997 (1.6%) $480,647 (-6.6%) 1.10 8,102
2018-11-01 $320,000 (-0.3%) $477,933 (-7.7%) 1.08 8,625
2018-12-01 $320,000 (-1.5%) $478,495 (-9.7%) 1.10 8,453
2019-01-01 $314,950 (-7.9%) $467,467 (-18.5%) 1.09 8,624
2019-02-01 $310,634 (-8.7%) $462,228 (-17.9%) 1.05 9,087
2019-03-01 $312,571 (-10.4%) $465,414 (-18.6%) 1.02 9,154
2019-04-01 $316,500 (-9.6%) $468,741 (-18.2%) 1.00 9,268
2019-05-01 $320,000 (-9.2%) $473,485 (-17.6%) 1.00 9,906
2019-06-01 $324,900 (-9.7%) $479,812 (-17.6%) 1.02 9,940
2019-07-01 $325,000 (-7.0%) $484,964 (-9.7%) 1.02 9,855
2019-08-01 $323,636 (-4.7%) $485,135 (-4.3%) 1.02 9,654
2019-09-01 $321,590 (-2.6%) $483,689 (-1.9%) 1.03 9,497
2019-10-01 $320,000 (-1.5%) $482,788 (0.5%) 1.03 9,366
2019-11-01 $319,900 (0.0%) $481,593 (0.8%) 1.05 9,844
2019-12-01 $319,675 (-0.1%) $482,928 (0.9%) 1.07 8,905
2020-01-01 $320,000 (1.6%) $494,906 (5.9%) 1.07 8,114
2020-02-01 $328,000 (5.6%) $505,738 (9.4%) 1.07 7,590
2020-03-01 $336,954 (7.8%) $518,632 (11.4%) 1.06 7,461
2020-04-01 $329,700 (4.2%) $496,682 (6.0%) 1.03 8,680
2020-05-01 $329,900 (3.1%) $494,037 (4.3%) 1.00 9,154
2020-06-01 $337,000 (3.7%) $501,936 (4.6%) 0.99 8,943
2020-07-01 $340,491 (4.8%) $514,584 (6.1%) 0.99 8,452
2020-08-01 $345,000 (6.6%) $523,661 (7.9%) 0.99 8,553
2020-09-01 $345,000 (7.3%) $526,182 (8.8%) 0.99 8,739
2020-10-01 $349,000 (9.1%) $528,597 (9.5%) 1.00 8,555
2020-11-01 $345,000 (7.9%) $536,893 (11.5%) 1.01 8,172
2020-12-01 $342,947 (7.3%) $542,441 (12.3%) 1.02 7,311
2021-01-01 $342,990 (7.2%) $550,703 (11.3%) 1.02 6,225
2021-02-01 $342,494 (4.4%) $568,015 (12.3%) 1.00 5,464
2021-03-01 $357,225 (6.0%) $623,119 (20.2%) 1.01 4,542
2021-04-01 $372,500 (13.0%) $664,939 (33.9%) 1.01 4,369
2021-05-01 $390,000 (18.2%) $666,357 (34.9%) 1.03 4,411
2021-06-01 $399,950 (18.7%) $674,465 (34.4%) 1.05 4,702
2021-07-01 $412,000 (21.0%) $673,719 (30.9%) 1.08 5,254
2021-08-01 $422,450 (22.5%) $668,204 (27.6%) 1.13 5,624
2021-09-01 $430,000 (24.6%) $667,025 (26.8%) 1.15 5,885
2021-10-01 $439,900 (26.1%) $671,548 (27.0%) 1.17 5,902
2021-11-01 $449,450 (30.3%) $681,364 (26.9%) 1.20 5,489
2021-12-01 $450,000 (31.2%) $697,051 (28.5%) 1.22 4,597
2022-01-01 $464,999 (35.6%) $742,927 (34.9%) 1.26 3,879
2022-02-01 $475,000 (38.7%) $771,447 (35.8%) 1.24 3,713
2022-03-01 $482,450 (35.1%) $781,003 (25.3%) 1.21 3,794
2022-04-01 $495,000 (32.9%) $778,820 (17.1%) 1.18 4,211
2022-05-01 $499,900 (28.2%) $762,636 (14.5%) 1.14 5,190
2022-06-01 $499,450 (24.9%) $737,858 (9.4%) 1.11 6,769
2022-07-01 $484,500 (17.6%) $681,388 (1.1%) 1.10 9,328
2022-08-01 $469,950 (11.2%) $651,739 (-2.5%) 1.09 10,735
2022-09-01 $460,000 (7.0%) $636,938 (-4.5%) 1.08 11,157
2022-10-01 $450,000 (2.3%) $637,301 (-5.1%) 1.06 11,155
Las Vegas's median listing price for 2022-10-01 was $450,000, a difference of $10,100 (2.3%) versus the prior year and $-10,000 versus the prior month.

Las Vegas's median listing price comes in at 106% of the national average.

Las Vegas's average listing price for 2022-10-01 was $637,301, a difference of $-34,247 (-5.1%) versus the prior year and $363 versus the prior month.

For the 2022-10-01 period, Las Vegas had 11,155 MLS listings, a difference of -2 listings (0%) versus the prior month and 5,253 listings (89%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Las Vegas (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 60 days 2,079 sqft
2018-02-01 42 days 2,046 sqft
2018-03-01 37 days 2,094 sqft
2018-04-01 36 days 2,072 sqft
2018-05-01 36 days 2,067 sqft
2018-06-01 37 days 2,092 sqft
2018-07-01 35 days 2,018 sqft
2018-08-01 33 days 1,952 sqft
2018-09-01 36 days 1,915 sqft
2018-10-01 39 days 1,880 sqft
2018-11-01 44 days 1,864 sqft
2018-12-01 54 days 1,849 sqft
2019-01-01 60 days 1,823 sqft
2019-02-01 49 days 1,815 sqft
2019-03-01 42 days 1,825 sqft
2019-04-01 41 days 1,837 sqft
2019-05-01 44 days 1,855 sqft
2019-06-01 45 days 1,871 sqft
2019-07-01 46 days 1,868 sqft
2019-08-01 47 days 1,863 sqft
2019-09-01 48 days 1,847 sqft
2019-10-01 49 days 1,832 sqft
2019-11-01 57 days 1,830 sqft
2019-12-01 65 days 1,811 sqft
2020-01-01 68 days 1,814 sqft
2020-02-01 49 days 1,836 sqft
2020-03-01 40 days 1,853 sqft
2020-04-01 46 days 1,830 sqft
2020-05-01 58 days 1,836 sqft
2020-06-01 56 days 1,847 sqft
2020-07-01 52 days 1,844 sqft
2020-08-01 43 days 1,840 sqft
2020-09-01 42 days 1,840 sqft
2020-10-01 44 days 1,834 sqft
2020-11-01 50 days 1,828 sqft
2020-12-01 55 days 1,791 sqft
2021-01-01 58 days 1,765 sqft
2021-02-01 41 days 1,717 sqft
2021-03-01 33 days 1,731 sqft
2021-04-01 30 days 1,778 sqft
2021-05-01 26 days 1,802 sqft
2021-06-01 27 days 1,814 sqft
2021-07-01 28 days 1,837 sqft
2021-08-01 29 days 1,864 sqft
2021-09-01 31 days 1,876 sqft
2021-10-01 33 days 1,893 sqft
2021-11-01 36 days 1,910 sqft
2021-12-01 42 days 1,918 sqft
2022-01-01 40 days 1,922 sqft
2022-02-01 29 days 1,889 sqft
2022-03-01 25 days 1,894 sqft
2022-04-01 24 days 1,882 sqft
2022-05-01 24 days 1,879 sqft
2022-06-01 27 days 1,865 sqft
2022-07-01 31 days 1,836 sqft
2022-08-01 40 days 1,830 sqft
2022-09-01 48 days 1,826 sqft
2022-10-01 54 days 1,826 sqft
Las Vegas's median listing age (time on market) for 2022-10-01 was 54 days. This is 64% longer than the same period one year ago.

Las Vegas's median square footage for active listings during the 2022-10-01 period was 1,826 sqft. One year prior, the average listing was 1,893 sqft.