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 7 lenders originated 10 USDA loans during 2023. The total origination value was $2,550,000, with an average USDA loan value of $255,000.

Las Vegas USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Las Vegas averaged 6.41% for the week of 2024-05-10, compared to the national average (all USDA variants) of 6.785% for the same period.

Las Vegas's average USDA mortgage closing costs are $6,664.

The average rate for the prior week (2024-05-03) was 6.8% and one month ago for the week of 2024-04-05, the average rate was 6.46%.

The average rate one year ago was 6.14%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.76%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUARANTEED RATE, INC. 3 5.80% $8,253
SECURITYNATIONAL MORTGAGE COMPANY 2 6.13% $10,478
CASTLE & COOKE MORTGAGE, LLC 1 6.25% $10,914
CROSSCOUNTRY MORTGAGE, LLC 1 5.49% $8,352
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.38% $9,319
GUILD MORTGAGE COMPANY 1 6.63% $7,311
NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.25% $2,620

The top Las Vegas USDA lender as defined by loan originations is GUARANTEED RATE, INC., with 3 USDA loans originated. Their average total fees are $8,253, which is $2,225 lower than the next largest lender, SECURITYNATIONAL MORTGAGE COMPANY.

The lowest fee Las Vegas USDA lenders (with over 10 loans originated) are .

The lowest rate Las Vegas USDA lenders (with over 10 loans originated) are .


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 $341,998 (18.1%) $573,839 (26.5%) 1.27 4,527
2018-02-01 $340,744 (14.2%) $562,994 (20.2%) 1.24 4,571
2018-03-01 $349,000 (15.4%) $571,540 (19.7%) 1.22 4,633
2018-04-01 $350,000 (11.1%) $573,086 (17.7%) 1.19 4,835
2018-05-01 $352,500 (10.2%) $574,468 (15.2%) 1.18 4,984
2018-06-01 $359,888 (10.8%) $582,083 (15.1%) 1.20 5,263
2018-07-01 $349,450 (7.7%) $537,189 (6.5%) 1.17 5,504
2018-08-01 $339,450 (6.1%) $507,132 (-0.1%) 1.14 6,291
2018-09-01 $330,000 (3.1%) $492,940 (-3.4%) 1.11 7,170
2018-10-01 $324,999 (1.6%) $480,728 (-6.5%) 1.10 8,100
2018-11-01 $320,000 (-0.3%) $478,010 (-7.7%) 1.08 8,622
2018-12-01 $320,000 (-1.5%) $478,572 (-9.7%) 1.10 8,450
2019-01-01 $314,950 (-7.9%) $467,540 (-18.5%) 1.09 8,621
2019-02-01 $310,750 (-8.8%) $462,296 (-17.9%) 1.05 9,084
2019-03-01 $312,571 (-10.4%) $465,482 (-18.6%) 1.02 9,150
2019-04-01 $316,500 (-9.6%) $468,810 (-18.2%) 1.00 9,264
2019-05-01 $320,000 (-9.2%) $473,550 (-17.6%) 1.00 9,901
2019-06-01 $324,900 (-9.7%) $479,878 (-17.6%) 1.02 9,934
2019-07-01 $325,000 (-7.0%) $485,079 (-9.7%) 1.02 9,849
2019-08-01 $323,636 (-4.7%) $485,264 (-4.3%) 1.02 9,648
2019-09-01 $321,590 (-2.6%) $483,820 (-1.9%) 1.03 9,491
2019-10-01 $320,000 (-1.5%) $482,920 (0.5%) 1.03 9,360
2019-11-01 $319,900 (0.0%) $481,653 (0.8%) 1.05 9,837
2019-12-01 $319,700 (-0.1%) $483,064 (0.9%) 1.07 8,899
2020-01-01 $320,000 (1.6%) $495,064 (5.9%) 1.07 8,108
2020-02-01 $328,000 (5.6%) $505,910 (9.4%) 1.07 7,584
2020-03-01 $337,000 (7.8%) $518,817 (11.5%) 1.06 7,455
2020-04-01 $329,850 (4.2%) $496,836 (6.0%) 1.03 8,674
2020-05-01 $329,900 (3.1%) $494,180 (4.4%) 1.00 9,148
2020-06-01 $337,000 (3.7%) $502,082 (4.6%) 0.99 8,937
2020-07-01 $340,583 (4.8%) $514,746 (6.1%) 0.99 8,446
2020-08-01 $345,000 (6.6%) $523,826 (8.0%) 0.99 8,547
2020-09-01 $345,450 (7.4%) $526,346 (8.8%) 0.99 8,733
2020-10-01 $349,000 (9.1%) $528,765 (9.5%) 1.00 8,549
2020-11-01 $345,000 (7.9%) $537,074 (11.5%) 1.01 8,166
2020-12-01 $342,980 (7.3%) $542,704 (12.4%) 1.02 7,305
2021-01-01 $342,995 (7.2%) $550,966 (11.3%) 1.02 6,219
2021-02-01 $342,500 (4.4%) $568,280 (12.3%) 1.00 5,459
2021-03-01 $357,450 (6.1%) $623,408 (20.2%) 1.01 4,538
2021-04-01 $372,500 (12.9%) $665,103 (33.9%) 1.01 4,367
2021-05-01 $390,000 (18.2%) $666,506 (34.9%) 1.04 4,409
2021-06-01 $399,950 (18.7%) $674,612 (34.4%) 1.05 4,700
2021-07-01 $412,000 (21.0%) $673,768 (30.9%) 1.09 5,255
2021-08-01 $422,450 (22.5%) $668,219 (27.6%) 1.13 5,629
2021-09-01 $430,000 (24.5%) $667,105 (26.7%) 1.15 5,886
2021-10-01 $439,900 (26.1%) $671,729 (27.0%) 1.17 5,901
2021-11-01 $449,450 (30.3%) $681,625 (26.9%) 1.20 5,487
2021-12-01 $450,000 (31.2%) $697,375 (28.5%) 1.22 4,595
2022-01-01 $465,000 (35.6%) $742,498 (34.8%) 1.26 3,875
2022-02-01 $475,000 (38.7%) $771,958 (35.8%) 1.24 3,709
2022-03-01 $482,500 (35.0%) $781,471 (25.4%) 1.21 3,790
2022-04-01 $495,000 (32.9%) $779,800 (17.2%) 1.18 4,207
2022-05-01 $499,900 (28.2%) $763,007 (14.5%) 1.14 5,185
2022-06-01 $499,450 (24.9%) $738,164 (9.4%) 1.11 6,764
2022-07-01 $484,990 (17.7%) $681,140 (1.1%) 1.09 9,323
2022-08-01 $469,950 (11.2%) $651,884 (-2.4%) 1.09 10,730
2022-09-01 $460,000 (7.0%) $637,100 (-4.5%) 1.08 11,152
2022-10-01 $450,000 (2.3%) $637,532 (-5.1%) 1.06 11,150
2022-11-01 $448,900 (-0.1%) $647,712 (-5.0%) 1.08 10,585
2022-12-01 $442,900 (-1.6%) $651,287 (-6.6%) 1.09 9,503
2023-01-01 $440,000 (-5.4%) $651,837 (-12.2%) 1.09 8,406
2023-02-01 $445,462 (-6.2%) $678,296 (-12.1%) 1.08 7,636
2023-03-01 $450,000 (-6.7%) $698,259 (-10.7%) 1.06 7,053
2023-04-01 $460,000 (-7.1%) $723,552 (-7.2%) 1.07 6,537
2023-05-01 $450,000 (-10.0%) $699,662 (-8.3%) 1.02 8,169
2023-06-01 $455,000 (-8.9%) $702,191 (-4.9%) 1.02 7,833
2023-07-01 $459,900 (-5.2%) $719,644 (5.7%) 1.05 7,554
2023-08-01 $456,848 (-2.8%) $719,333 (10.4%) 1.05 7,475
2023-09-01 $482,123 (4.8%) $783,419 (23.0%) 1.12 5,012
2023-10-01 $475,000 (5.6%) $777,761 (22.0%) 1.12 5,196
2023-11-01 $462,500 (3.0%) $781,032 (20.6%) 1.10 5,399
2023-12-01 $459,900 (3.8%) $785,602 (20.6%) 1.12 5,202
2024-01-01 $460,000 (4.6%) $792,161 (21.5%) 1.12 4,804
2024-02-01 $464,900 (4.4%) $812,274 (19.8%) 1.12 4,632
2024-03-01 $470,000 (4.4%) $818,084 (17.2%) 1.11 4,720
2024-04-01 $474,923 (3.2%) $834,707 (15.4%) 1.10 5,341
Las Vegas's median listing price for 2024-04-01 was $474,923, a difference of $14,923 (3.2%) versus the prior year and $4,923 versus the prior month.

Las Vegas's median listing price comes in at 110% of the national average.

Las Vegas's average listing price for 2024-04-01 was $834,707, a difference of $111,155 (15.4%) versus the prior year and $16,623 versus the prior month.

For the 2024-04-01 period, Las Vegas had 5,341 MLS listings, a difference of 621 listings (13%) versus the prior month and -1,196 listings (-18%) 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 56 days 2,080 sqft
2018-02-01 39 days 2,046 sqft
2018-03-01 35 days 2,095 sqft
2018-04-01 35 days 2,073 sqft
2018-05-01 34 days 2,067 sqft
2018-06-01 36 days 2,093 sqft
2018-07-01 34 days 2,017 sqft
2018-08-01 32 days 1,952 sqft
2018-09-01 35 days 1,915 sqft
2018-10-01 37 days 1,880 sqft
2018-11-01 42 days 1,864 sqft
2018-12-01 53 days 1,849 sqft
2019-01-01 58 days 1,823 sqft
2019-02-01 47 days 1,815 sqft
2019-03-01 42 days 1,825 sqft
2019-04-01 40 days 1,837 sqft
2019-05-01 41 days 1,855 sqft
2019-06-01 43 days 1,871 sqft
2019-07-01 46 days 1,868 sqft
2019-08-01 47 days 1,863 sqft
2019-09-01 47 days 1,847 sqft
2019-10-01 48 days 1,832 sqft
2019-11-01 54 days 1,830 sqft
2019-12-01 63 days 1,811 sqft
2020-01-01 67 days 1,815 sqft
2020-02-01 46 days 1,836 sqft
2020-03-01 40 days 1,853 sqft
2020-04-01 45 days 1,830 sqft
2020-05-01 57 days 1,836 sqft
2020-06-01 54 days 1,847 sqft
2020-07-01 50 days 1,845 sqft
2020-08-01 42 days 1,840 sqft
2020-09-01 41 days 1,840 sqft
2020-10-01 44 days 1,834 sqft
2020-11-01 47 days 1,828 sqft
2020-12-01 52 days 1,792 sqft
2021-01-01 53 days 1,766 sqft
2021-02-01 38 days 1,716 sqft
2021-03-01 31 days 1,731 sqft
2021-04-01 27 days 1,778 sqft
2021-05-01 24 days 1,802 sqft
2021-06-01 25 days 1,814 sqft
2021-07-01 26 days 1,837 sqft
2021-08-01 28 days 1,863 sqft
2021-09-01 30 days 1,876 sqft
2021-10-01 32 days 1,893 sqft
2021-11-01 35 days 1,910 sqft
2021-12-01 40 days 1,918 sqft
2022-01-01 39 days 1,922 sqft
2022-02-01 26 days 1,889 sqft
2022-03-01 23 days 1,895 sqft
2022-04-01 23 days 1,882 sqft
2022-05-01 23 days 1,881 sqft
2022-06-01 26 days 1,866 sqft
2022-07-01 30 days 1,836 sqft
2022-08-01 39 days 1,830 sqft
2022-09-01 47 days 1,826 sqft
2022-10-01 54 days 1,826 sqft
2022-11-01 62 days 1,819 sqft
2022-12-01 73 days 1,817 sqft
2023-01-01 78 days 1,822 sqft
2023-02-01 65 days 1,836 sqft
2023-03-01 53 days 1,843 sqft
2023-04-01 49 days 1,876 sqft
2023-05-01 46 days 1,867 sqft
2023-06-01 45 days 1,870 sqft
2023-07-01 45 days 1,867 sqft
2023-08-01 43 days 1,845 sqft
2023-09-01 43 days 1,904 sqft
2023-10-01 44 days 1,881 sqft
2023-11-01 46 days 1,850 sqft
2023-12-01 54 days 1,840 sqft
2024-01-01 59 days 1,820 sqft
2024-02-01 40 days 1,821 sqft
2024-03-01 38 days 1,824 sqft
2024-04-01 39 days 1,808 sqft
Las Vegas's median listing age (time on market) for 2024-04-01 was 39 days. This is -21% shorter than the same period one year ago.

Las Vegas's median square footage for active listings during the 2024-04-01 period was 1,808 sqft. One year prior, the average listing was 1,876 sqft.