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 11 lenders originated 22 USDA loans during 2022. The total origination value was $6,870,000, with an average USDA loan value of $312,273.
Las Vegas USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Las Vegas
averaged
6.29%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Las Vegas's average USDA mortgage closing costs are $6,599.
The average rate for the prior week (2023-05-19) was
6.14% and
one month ago for the week of 2023-04-21, the
average rate was 5.84%.
The average rate one year ago was 4.96%.
For refis of the same type during the week of 2023-05-26, the average rate
was 4.86%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| HOME POINT FINANCIAL CORPORATION | 3 | 4.08% | $7,838 |
| GUARANTEED RATE, INC. | 3 | 3.93% | $8,764 |
| UNITED WHOLESALE MORTGAGE, LLC | 3 | 5.25% | $6,956 |
| NOVA FINANCIAL & INVESTMENT CORPORATION | 3 | 4.92% | $7,270 |
| SECURITYNATIONAL MORTGAGE COMPANY | 2 | 5.13% | $9,983 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 3.88% | $7,053 |
| VILLAGE CAPITAL MORTGAGE | 1 | 3.25% | $7,749 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 4.00% | $9,118 |
| LOANDEPOT.COM, LLC | 1 | 5.25% | $6,731 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 3.49% | $4,466 |
| SUN AMERICAN MORTGAGE COMPANY | 1 | 5.63% | $5,423 |
The top Las Vegas USDA lender as defined by loan originations is HOME POINT FINANCIAL CORPORATION, with
3 USDA loans originated. Their average total fees are
$7,838, which is $926
lower than the next largest lender,
GUARANTEED RATE, INC..
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 | $359,894 (10.8%) | $582,083 (15.1%) | 1.20 | 5,263 |
| 2018-07-01 | $349,450 (7.7%) | $537,160 (6.5%) | 1.17 | 5,505 |
| 2018-08-01 | $339,450 (6.1%) | $507,110 (-0.1%) | 1.14 | 6,293 |
| 2018-09-01 | $330,000 (3.1%) | $492,933 (-3.4%) | 1.11 | 7,170 |
| 2018-10-01 | $324,999 (1.6%) | $480,729 (-6.5%) | 1.10 | 8,099 |
| 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 | $314,900 (-9.8%) | $465,135 (-18.6%) | 1.05 | 9,034 |
| 2019-04-01 | $316,500 (-9.6%) | $468,762 (-18.2%) | 1.00 | 9,428 |
| 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 | $327,500 (-3.5%) | $492,156 (-3.0%) | 1.03 | 9,613 |
| 2019-09-01 | $326,711 (-1.0%) | $507,717 (3.0%) | 1.03 | 8,493 |
| 2019-10-01 | $320,000 (-1.5%) | $483,087 (0.5%) | 1.03 | 9,342 |
| 2019-11-01 | $319,900 (0.0%) | $481,722 (0.8%) | 1.05 | 9,838 |
| 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 (7.0%) | $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 (5.3%) | $523,826 (6.4%) | 0.99 | 8,547 |
| 2020-09-01 | $345,450 (5.7%) | $526,346 (3.7%) | 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%) | $542,646 (12.3%) | 1.02 | 7,305 |
| 2021-01-01 | $342,990 (7.2%) | $550,939 (11.3%) | 1.02 | 6,219 |
| 2021-02-01 | $342,500 (4.4%) | $568,260 (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%) | $665,091 (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%) | $668,190 (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%) | $771,900 (35.8%) | 1.24 | 3,709 |
| 2022-03-01 | $482,495 (35.0%) | $781,458 (25.4%) | 1.21 | 3,790 |
| 2022-04-01 | $495,000 (32.9%) | $779,237 (17.2%) | 1.18 | 4,207 |
| 2022-05-01 | $499,900 (28.2%) | $763,045 (14.5%) | 1.14 | 5,185 |
| 2022-06-01 | $499,450 (24.9%) | $738,170 (9.4%) | 1.11 | 6,764 |
| 2022-07-01 | $484,900 (17.7%) | $681,594 (1.2%) | 1.10 | 9,323 |
| 2022-08-01 | $469,950 (11.2%) | $651,906 (-2.4%) | 1.09 | 10,730 |
| 2022-09-01 | $460,000 (7.0%) | $637,103 (-4.5%) | 1.08 | 11,152 |
| 2022-10-01 | $450,000 (2.3%) | $637,466 (-5.1%) | 1.06 | 11,150 |
| 2022-11-01 | $448,700 (-0.2%) | $647,723 (-5.0%) | 1.08 | 10,585 |
| 2022-12-01 | $442,450 (-1.7%) | $651,351 (-6.6%) | 1.09 | 9,503 |
| 2023-01-01 | $440,000 (-5.4%) | $651,955 (-12.2%) | 1.09 | 8,406 |
| 2023-02-01 | $445,500 (-6.2%) | $678,318 (-12.1%) | 1.07 | 7,636 |
| 2023-03-01 | $450,000 (-6.7%) | $698,349 (-10.6%) | 1.06 | 7,053 |
| 2023-04-01 | $460,000 (-7.1%) | $723,781 (-7.1%) | 1.07 | 6,537 |
Las Vegas's median listing price comes in at 107% of the national average.
Las Vegas's average listing price for 2023-04-01 was $723,781, a difference of $-55,456 (-7.1%) versus the prior year and $25,432 versus the prior month.
For the 2023-04-01 period, Las Vegas had 6,537 MLS listings, a difference of -516 listings (-7%) versus the prior month and 2,330 listings (55%) 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 | 2,080 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 | 2,093 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 | 45 days | 1,824 sqft |
| 2019-04-01 | 43 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 | 57 days | 1,878 sqft |
| 2019-09-01 | 59 days | 1,865 sqft |
| 2019-10-01 | 50 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 | 1,815 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 | 1,845 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 | 1,792 sqft |
| 2021-01-01 | 58 days | 1,765 sqft |
| 2021-02-01 | 41 days | 1,716 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 | 1,863 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 | 41 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 | 1,880 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 |
| 2022-11-01 | 63 days | 1,819 sqft |
| 2022-12-01 | 73 days | 1,816 sqft |
| 2023-01-01 | 79 days | 1,821 sqft |
| 2023-02-01 | 67 days | 1,836 sqft |
| 2023-03-01 | 55 days | 1,843 sqft |
| 2023-04-01 | 50 days | 1,876 sqft |
Las Vegas's median square footage for active listings during the 2023-04-01 period was 1,876 sqft. One year prior, the average listing was 1,882 sqft.