Las Vegas USDA Loan Rates, Closing Costs & Stats
Las Vegas, NM
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 2 lenders originated 3 USDA loans during 2023. The total origination value was $455,000, with an average USDA loan value of $151,667.
Las Vegas USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Las Vegas
averaged
6.92%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Las Vegas's average USDA mortgage closing costs are $6,265.
The average rate for the prior week (2024-04-12) was
6.67% and
one month ago for the week of 2024-03-15, the
average rate was 6.85%.
The average rate one year ago was 6.49%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.06%.
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 |
|---|---|---|---|
| CROSSCOUNTRY MORTGAGE, LLC | 2 | 6.50% | $5,643 |
| Northpointe Bank | 1 | 7.00% | $5,529 |
The top Las Vegas USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
2 USDA loans originated. Their average total fees are
$5,643, which is $114
higher than the next largest lender,
Northpointe Bank.
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 | $215,750 (7.9%) | $377,172 (-2.9%) | 0.00 | 188 |
| 2018-02-01 | $218,000 (9.0%) | $371,245 (-3.8%) | 0.00 | 179 |
| 2018-03-01 | $225,000 (9.8%) | $362,291 (-8.2%) | 0.00 | 178 |
| 2018-04-01 | $221,375 (10.7%) | $368,056 (-3.6%) | 0.00 | 188 |
| 2018-05-01 | $218,375 (9.2%) | $347,719 (-10.7%) | 0.00 | 203 |
| 2018-06-01 | $220,000 (4.9%) | $348,602 (-10.3%) | 0.00 | 222 |
| 2018-07-01 | $224,875 (12.7%) | $358,708 (-4.4%) | 0.00 | 225 |
| 2018-08-01 | $223,000 (12.1%) | $333,573 (-10.4%) | 0.00 | 235 |
| 2018-09-01 | $239,500 (20.4%) | $341,520 (-9.8%) | 0.00 | 220 |
| 2018-10-01 | $234,975 (18.7%) | $339,294 (-8.1%) | 0.00 | 220 |
| 2018-11-01 | $230,000 (15.4%) | $345,494 (-9.7%) | 0.00 | 208 |
| 2018-12-01 | $237,000 (19.0%) | $336,895 (-10.3%) | 0.00 | 197 |
| 2019-01-01 | $240,000 (11.2%) | $346,495 (-8.1%) | 0.00 | 180 |
| 2019-02-01 | $236,000 (8.3%) | $344,222 (-7.3%) | 0.00 | 178 |
| 2019-03-01 | $227,286 (1.0%) | $335,473 (-7.4%) | 0.00 | 182 |
| 2019-04-01 | $218,000 (-1.5%) | $328,275 (-10.8%) | 0.00 | 190 |
| 2019-05-01 | $227,000 (4.0%) | $327,616 (-5.8%) | 0.00 | 194 |
| 2019-06-01 | $227,000 (3.2%) | $324,534 (-6.9%) | 0.00 | 197 |
| 2019-07-01 | $225,000 (0.1%) | $324,006 (-9.7%) | 0.00 | 200 |
| 2019-08-01 | $230,455 (3.3%) | $332,690 (-0.3%) | 0.00 | 193 |
| 2019-09-01 | $238,636 (-0.4%) | $342,702 (0.4%) | 0.00 | 184 |
| 2019-10-01 | $244,091 (3.9%) | $349,377 (3.0%) | 0.00 | 178 |
| 2019-11-01 | $247,000 (7.4%) | $349,314 (1.1%) | 0.00 | 167 |
| 2019-12-01 | $240,000 (1.3%) | $347,281 (3.1%) | 0.00 | 162 |
| 2020-01-01 | $231,000 (-3.8%) | $343,291 (-0.9%) | 0.00 | 149 |
| 2020-02-01 | $245,000 (3.8%) | $361,477 (5.0%) | 0.00 | 142 |
| 2020-03-01 | $247,000 (8.7%) | $349,157 (4.1%) | 0.00 | 134 |
| 2020-04-01 | $242,925 (11.4%) | $333,828 (1.7%) | 0.00 | 130 |
| 2020-05-01 | $245,000 (7.9%) | $333,441 (1.8%) | 0.00 | 128 |
| 2020-06-01 | $249,750 (10.0%) | $358,132 (10.4%) | 0.00 | 123 |
| 2020-07-01 | $249,475 (10.9%) | $368,073 (13.6%) | 0.00 | 120 |
| 2020-08-01 | $279,000 (21.1%) | $390,641 (17.4%) | 0.00 | 124 |
| 2020-09-01 | $278,125 (16.6%) | $389,166 (13.6%) | 0.00 | 133 |
| 2020-10-01 | $271,950 (11.4%) | $388,230 (11.1%) | 0.00 | 133 |
| 2020-11-01 | $276,125 (11.8%) | $468,618 (34.2%) | 0.00 | 120 |
| 2020-12-01 | $272,250 (13.4%) | $485,460 (39.8%) | 0.00 | 107 |
| 2021-01-01 | $279,500 (21.0%) | $507,224 (47.8%) | 0.00 | 94 |
| 2021-02-01 | $276,100 (12.7%) | $501,469 (38.7%) | 0.00 | 81 |
| 2021-03-01 | $277,250 (12.3%) | $514,608 (47.4%) | 0.00 | 76 |
| 2021-04-01 | $299,875 (23.4%) | $523,525 (56.8%) | 0.00 | 73 |
| 2021-05-01 | $287,250 (17.2%) | $518,048 (55.4%) | 0.00 | 75 |
| 2021-06-01 | $293,250 (17.4%) | $528,697 (47.6%) | 0.00 | 78 |
| 2021-07-01 | $289,000 (15.8%) | $518,767 (40.9%) | 0.00 | 77 |
| 2021-08-01 | $312,500 (12.0%) | $494,198 (26.5%) | 0.00 | 72 |
| 2021-09-01 | $346,250 (24.5%) | $461,716 (18.6%) | 0.00 | 63 |
| 2021-10-01 | $325,000 (19.5%) | $450,350 (16.0%) | 0.00 | 56 |
| 2021-11-01 | $259,000 (-6.2%) | $400,399 (-14.6%) | 0.00 | 51 |
| 2021-12-01 | $248,750 (-8.6%) | $387,966 (-20.1%) | 0.00 | 46 |
| 2022-01-01 | $230,000 (-17.7%) | $348,160 (-31.4%) | 0.00 | 38 |
| 2022-02-01 | $230,000 (-16.7%) | $349,369 (-30.3%) | 0.00 | 43 |
| 2022-03-01 | $212,750 (-23.3%) | $349,589 (-32.1%) | 0.00 | 42 |
| 2022-04-01 | $220,000 (-26.6%) | $361,512 (-31.0%) | 0.00 | 39 |
| 2022-05-01 | $249,225 (-13.2%) | $455,762 (-12.0%) | 0.00 | 41 |
| 2022-06-01 | $254,000 (-13.4%) | $441,204 (-16.6%) | 0.00 | 48 |
| 2022-07-01 | $249,900 (-13.5%) | $441,984 (-14.8%) | 0.00 | 53 |
| 2022-08-01 | $273,500 (-12.5%) | $459,578 (-7.0%) | 0.00 | 55 |
| 2022-09-01 | $284,000 (-18.0%) | $474,725 (2.8%) | 0.00 | 60 |
| 2022-10-01 | $299,999 (-7.7%) | $484,170 (7.5%) | 0.00 | 65 |
| 2022-11-01 | $289,500 (11.8%) | $482,793 (20.6%) | 0.00 | 69 |
| 2022-12-01 | $265,000 (6.5%) | $466,964 (20.4%) | 0.00 | 72 |
| 2023-01-01 | $255,400 (11.0%) | $452,845 (30.1%) | 0.00 | 73 |
| 2023-02-01 | $265,000 (15.2%) | $453,876 (29.9%) | 0.00 | 69 |
| 2023-03-01 | $265,000 (24.6%) | $409,839 (17.2%) | 0.00 | 69 |
| 2023-04-01 | $270,000 (22.7%) | $404,709 (12.0%) | 0.00 | 65 |
| 2023-05-01 | $238,250 (-4.4%) | $376,170 (-17.5%) | 0.00 | 67 |
| 2023-06-01 | $292,000 (15.0%) | $434,571 (-1.5%) | 0.00 | 69 |
| 2023-07-01 | $285,000 (14.1%) | $435,404 (-1.5%) | 0.00 | 79 |
| 2023-08-01 | $280,000 (2.4%) | $537,277 (16.9%) | 0.00 | 76 |
| 2023-09-01 | $285,000 (0.4%) | $573,895 (20.9%) | 0.00 | 74 |
| 2023-10-01 | $314,500 (4.8%) | $693,516 (43.2%) | 0.00 | 73 |
| 2023-11-01 | $345,000 (19.2%) | $707,889 (46.6%) | 0.00 | 68 |
| 2023-12-01 | $427,500 (61.3%) | $773,369 (65.6%) | 0.00 | 64 |
| 2024-01-01 | $375,000 (46.8%) | $720,322 (59.1%) | 0.00 | 64 |
| 2024-02-01 | $362,250 (36.7%) | $718,932 (58.4%) | 0.00 | 56 |
| 2024-03-01 | $360,000 (35.9%) | $773,116 (88.6%) | 0.00 | 52 |
Las Vegas's median listing price comes in at 0% of the national average.
Las Vegas's average listing price for 2024-03-01 was $773,116, a difference of $363,277 (88.6%) versus the prior year and $54,184 versus the prior month.
For the 2024-03-01 period, Las Vegas had 52 MLS listings, a difference of -4 listings (-7%) versus the prior month and -17 listings (-25%) 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 | 0 days | 1,805 sqft |
| 2018-02-01 | 0 days | 1,800 sqft |
| 2018-03-01 | 0 days | 1,784 sqft |
| 2018-04-01 | 0 days | 1,830 sqft |
| 2018-05-01 | 0 days | 1,838 sqft |
| 2018-06-01 | 0 days | 1,829 sqft |
| 2018-07-01 | 0 days | 1,843 sqft |
| 2018-08-01 | 0 days | 1,831 sqft |
| 2018-09-01 | 0 days | 1,847 sqft |
| 2018-10-01 | 0 days | 1,810 sqft |
| 2018-11-01 | 0 days | 1,840 sqft |
| 2018-12-01 | 0 days | 1,839 sqft |
| 2019-01-01 | 0 days | 1,840 sqft |
| 2019-02-01 | 0 days | 1,818 sqft |
| 2019-03-01 | 0 days | 1,811 sqft |
| 2019-04-01 | 0 days | 1,789 sqft |
| 2019-05-01 | 0 days | 1,769 sqft |
| 2019-06-01 | 0 days | 1,775 sqft |
| 2019-07-01 | 0 days | 1,783 sqft |
| 2019-08-01 | 0 days | 1,790 sqft |
| 2019-09-01 | 0 days | 1,789 sqft |
| 2019-10-01 | 0 days | 1,789 sqft |
| 2019-11-01 | 0 days | 1,751 sqft |
| 2019-12-01 | 0 days | 1,762 sqft |
| 2020-01-01 | 0 days | 1,709 sqft |
| 2020-02-01 | 0 days | 1,700 sqft |
| 2020-03-01 | 0 days | 1,712 sqft |
| 2020-04-01 | 0 days | 1,693 sqft |
| 2020-05-01 | 0 days | 1,708 sqft |
| 2020-06-01 | 0 days | 1,814 sqft |
| 2020-07-01 | 0 days | 1,905 sqft |
| 2020-08-01 | 0 days | 2,000 sqft |
| 2020-09-01 | 0 days | 1,835 sqft |
| 2020-10-01 | 0 days | 1,810 sqft |
| 2020-11-01 | 0 days | 1,850 sqft |
| 2020-12-01 | 0 days | 1,940 sqft |
| 2021-01-01 | 0 days | 1,922 sqft |
| 2021-02-01 | 0 days | 1,769 sqft |
| 2021-03-01 | 0 days | 1,916 sqft |
| 2021-04-01 | 0 days | 2,012 sqft |
| 2021-05-01 | 0 days | 1,998 sqft |
| 2021-06-01 | 0 days | 2,035 sqft |
| 2021-07-01 | 0 days | 2,000 sqft |
| 2021-08-01 | 0 days | 2,015 sqft |
| 2021-09-01 | 0 days | 2,001 sqft |
| 2021-10-01 | 0 days | 2,001 sqft |
| 2021-11-01 | 0 days | 1,778 sqft |
| 2021-12-01 | 0 days | 1,778 sqft |
| 2022-01-01 | 0 days | 1,914 sqft |
| 2022-02-01 | 0 days | 1,757 sqft |
| 2022-03-01 | 0 days | 1,652 sqft |
| 2022-04-01 | 0 days | 1,568 sqft |
| 2022-05-01 | 0 days | 1,647 sqft |
| 2022-06-01 | 0 days | 1,685 sqft |
| 2022-07-01 | 0 days | 1,603 sqft |
| 2022-08-01 | 0 days | 1,511 sqft |
| 2022-09-01 | 0 days | 1,532 sqft |
| 2022-10-01 | 0 days | 1,603 sqft |
| 2022-11-01 | 0 days | 1,657 sqft |
| 2022-12-01 | 0 days | 1,620 sqft |
| 2023-01-01 | 0 days | 1,603 sqft |
| 2023-02-01 | 0 days | 1,657 sqft |
| 2023-03-01 | 0 days | 1,694 sqft |
| 2023-04-01 | 0 days | 1,600 sqft |
| 2023-05-01 | 0 days | 1,552 sqft |
| 2023-06-01 | 0 days | 1,577 sqft |
| 2023-07-01 | 0 days | 1,600 sqft |
| 2023-08-01 | 0 days | 1,605 sqft |
| 2023-09-01 | 0 days | 1,695 sqft |
| 2023-10-01 | 0 days | 1,819 sqft |
| 2023-11-01 | 0 days | 1,851 sqft |
| 2023-12-01 | 0 days | 2,079 sqft |
| 2024-01-01 | 0 days | 2,081 sqft |
| 2024-02-01 | 0 days | 1,995 sqft |
| 2024-03-01 | 0 days | 1,800 sqft |
Las Vegas's median square footage for active listings during the 2024-03-01 period was 1,800 sqft. One year prior, the average listing was 1,694 sqft.