Las Vegas USDA Loans

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 5.49% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.23% and one month ago for the week of 2022-04-08, the average rate was 5.19%.

The average rate one year ago was 3%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.17%.

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 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. Total Fees
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 $341,450 (18.3%) $572,330 (28.2%) 1.26 4,453
2018-02-01 $340,350 (14.9%) $562,086 (21.7%) 1.23 4,458
2018-03-01 $348,000 (16.0%) $567,528 (20.6%) 1.20 4,538
2018-04-01 $350,000 (11.3%) $568,263 (18.2%) 1.17 4,722
2018-05-01 $351,500 (10.2%) $564,341 (14.6%) 1.17 4,868
2018-06-01 $359,000 (11.3%) $573,141 (14.8%) 1.20 5,119
2018-07-01 $346,983 (8.4%) $526,483 (5.6%) 1.16 5,378
2018-08-01 $337,000 (5.5%) $497,803 (-0.6%) 1.13 6,162
2018-09-01 $329,999 (3.3%) $485,437 (-3.7%) 1.10 7,104
2018-10-01 $324,450 (1.5%) $473,252 (-6.9%) 1.09 8,003
2018-11-01 $319,975 (0.8%) $471,510 (-7.6%) 1.07 8,502
2018-12-01 $319,900 (-1.5%) $470,669 (-10.3%) 1.10 8,392
2019-01-01 $314,444 (-7.9%) $460,396 (-19.6%) 1.08 8,503
2019-02-01 $310,000 (-8.9%) $456,100 (-18.9%) 1.04 8,987
2019-03-01 $312,143 (-10.3%) $458,834 (-19.2%) 1.02 9,031
2019-04-01 $316,150 (-9.7%) $464,249 (-18.3%) 1.00 9,053
2019-05-01 $319,950 (-9.0%) $467,398 (-17.2%) 0.99 9,773
2019-06-01 $323,888 (-9.8%) $472,385 (-17.6%) 1.00 9,747
2019-07-01 $324,900 (-6.4%) $476,610 (-9.5%) 1.01 9,661
2019-08-01 $322,857 (-4.2%) $477,907 (-4.0%) 1.02 9,343
2019-09-01 $319,950 (-3.1%) $477,174 (-1.7%) 1.02 9,075
2019-10-01 $319,945 (-1.4%) $474,766 (0.3%) 1.02 9,126
2019-11-01 $319,500 (-0.2%) $472,312 (0.2%) 1.03 9,719
2019-12-01 $318,527 (-0.4%) $475,104 (0.9%) 1.06 8,782
2020-01-01 $320,000 (1.8%) $486,238 (5.6%) 1.07 7,966
2020-02-01 $325,000 (4.8%) $495,907 (8.7%) 1.05 7,408
2020-03-01 $335,000 (7.3%) $510,656 (11.3%) 1.05 7,209
2020-04-01 $328,500 (3.9%) $488,020 (5.1%) 1.02 8,582
2020-05-01 $329,000 (2.8%) $486,560 (4.1%) 1.00 8,890
2020-06-01 $336,250 (3.8%) $493,838 (4.5%) 0.98 8,817
2020-07-01 $340,000 (4.7%) $507,950 (6.6%) 0.97 8,265
2020-08-01 $343,500 (6.4%) $514,814 (7.7%) 0.98 8,384
2020-09-01 $344,950 (7.8%) $516,506 (8.2%) 0.99 8,571
2020-10-01 $345,000 (7.8%) $517,449 (9.0%) 0.99 8,397
2020-11-01 $343,575 (7.5%) $524,662 (11.1%) 0.98 7,968
2020-12-01 $339,999 (6.7%) $530,026 (11.6%) 1.00 7,152
2021-01-01 $339,999 (6.3%) $536,958 (10.4%) 1.00 6,055
2021-02-01 $339,950 (4.6%) $558,415 (12.6%) 0.98 5,151
2021-03-01 $355,000 (6.0%) $611,087 (19.7%) 1.00 4,387
2021-04-01 $372,499 (13.4%) $654,691 (34.2%) 1.00 4,186
2021-05-01 $389,900 (18.5%) $659,654 (35.6%) 1.03 4,235
2021-06-01 $399,950 (18.9%) $667,329 (35.1%) 1.04 4,532
2021-07-01 $410,000 (20.6%) $659,994 (29.9%) 1.06 5,003
2021-08-01 $422,000 (22.9%) $659,386 (28.1%) 1.11 5,470
2021-09-01 $429,945 (24.6%) $656,487 (27.1%) 1.13 5,720
2021-10-01 $439,000 (27.3%) $660,802 (27.7%) 1.16 5,748
2021-11-01 $447,500 (30.3%) $671,660 (28.0%) 1.18 5,351
2021-12-01 $449,995 (32.4%) $686,484 (29.5%) 1.20 4,504
2022-01-01 $460,000 (35.3%) $733,468 (36.6%) 1.23 3,757
2022-02-01 $474,450 (39.6%) $764,095 (36.8%) 1.21 3,582
2022-03-01 $480,000 (35.2%) $775,995 (27.0%) 1.19 3,624
2022-04-01 $495,000 (32.9%) $776,550 (18.6%) 1.16 4,052
Las Vegas's median listing price for 2022-04-01 was $495,000, a difference of $122,501 (32.9%) versus the prior year and $15,000 versus the prior month.

Las Vegas's median listing price comes in at 116% of the national average.

Las Vegas's average listing price for 2022-04-01 was $776,550, a difference of $121,859 (18.6%) versus the prior year and $555 versus the prior month.

For the 2022-04-01 period, Las Vegas had 4,052 MLS listings, a difference of 428 listings (12%) versus the prior month and -134 listings (-3%) 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 61 days 2,092 sqft
2018-02-01 44 days 2,066 sqft
2018-03-01 38 days 2,102 sqft
2018-04-01 36 days 2,093 sqft
2018-05-01 37 days 2,082 sqft
2018-06-01 37 days 2,100 sqft
2018-07-01 35 days 2,023 sqft
2018-08-01 34 days 1,961 sqft
2018-09-01 36 days 1,924 sqft
2018-10-01 38 days 1,884 sqft
2018-11-01 44 days 1,870 sqft
2018-12-01 53 days 1,854 sqft
2019-01-01 59 days 1,829 sqft
2019-02-01 50 days 1,819 sqft
2019-03-01 42 days 1,827 sqft
2019-04-01 42 days 1,840 sqft
2019-05-01 43 days 1,860 sqft
2019-06-01 44 days 1,876 sqft
2019-07-01 46 days 1,874 sqft
2019-08-01 49 days 1,865 sqft
2019-09-01 49 days 1,837 sqft
2019-10-01 49 days 1,834 sqft
2019-11-01 53 days 1,830 sqft
2019-12-01 62 days 1,812 sqft
2020-01-01 66 days 1,816 sqft
2020-02-01 46 days 1,839 sqft
2020-03-01 39 days 1,855 sqft
2020-04-01 43 days 1,831 sqft
2020-05-01 55 days 1,836 sqft
2020-06-01 52 days 1,848 sqft
2020-07-01 49 days 1,848 sqft
2020-08-01 41 days 1,842 sqft
2020-09-01 39 days 1,842 sqft
2020-10-01 41 days 1,835 sqft
2020-11-01 43 days 1,833 sqft
2020-12-01 51 days 1,796 sqft
2021-01-01 54 days 1,768 sqft
2021-02-01 39 days 1,717 sqft
2021-03-01 31 days 1,741 sqft
2021-04-01 28 days 1,786 sqft
2021-05-01 24 days 1,814 sqft
2021-06-01 25 days 1,826 sqft
2021-07-01 25 days 1,849 sqft
2021-08-01 27 days 1,869 sqft
2021-09-01 29 days 1,882 sqft
2021-10-01 30 days 1,902 sqft
2021-11-01 35 days 1,917 sqft
2021-12-01 38 days 1,923 sqft
2022-01-01 38 days 1,935 sqft
2022-02-01 27 days 1,898 sqft
2022-03-01 23 days 1,906 sqft
2022-04-01 22 days 1,892 sqft
Las Vegas's median listing age (time on market) for 2022-04-01 was 22 days. This is -20% shorter than the same period one year ago.

Las Vegas's median square footage for active listings during the 2022-04-01 period was 1,892 sqft. One year prior, the average listing was 1,786 sqft.