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%.
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 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 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.
