Los Angeles USDA Loan Rates, Closing Costs & Stats
Los Angeles-Long Beach-Anaheim, CA
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.
Los Angeles's 7 lenders originated 9 USDA loans during 2022. The total origination value was $3,925,000, with an average USDA loan value of $436,111.
Los Angeles USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Los Angeles
averaged
-0.73%
for the week of 2023-11-24, compared to the national average (all USDA variants) of
0% for the same period.
Los Angeles's average USDA mortgage closing costs are $8,613.
The average rate for the prior week (2023-11-17) was
6.76% and
one month ago for the week of 2023-10-20, the
average rate was 7.08%.
The average rate one year ago was 5.72%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.58%.
Los Angeles 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 Los Angeles level.
| Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| HOME POINT FINANCIAL CORPORATION | 2 | 3.56% | $8,926 |
| FINANCE OF AMERICA MORTGAGE LLC | 1 | 2.99% | $16,274 |
| GUARANTEED RATE, INC. | 1 | 4.38% | $7,391 |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | 1 | 2.88% | $23,373 |
| LOANDEPOT.COM, LLC | 1 | 3.50% | $11,982 |
| MASON MCDUFFIE MORTGAGE CORPORATION | 1 | 5.12% | $12,858 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 4.63% | $8,733 |
The top Los Angeles USDA lender as defined by loan originations is HOME POINT FINANCIAL CORPORATION, with
2 USDA loans originated. Their average total fees are
$8,926, which is $7,348
lower than the next largest lender,
FINANCE OF AMERICA MORTGAGE LLC.
The lowest fee Los Angeles USDA lenders (with over 10 loans originated) are
.
The lowest rate Los Angeles USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Los Angeles (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 | $778,750 (9.8%) | $1,736,504 (14.7%) | 2.89 | 12,709 |
| 2018-02-01 | $789,444 (7.9%) | $1,725,793 (11.2%) | 2.87 | 13,762 |
| 2018-03-01 | $799,900 (5.8%) | $1,721,381 (6.8%) | 2.81 | 14,582 |
| 2018-04-01 | $825,000 (6.5%) | $1,701,526 (4.8%) | 2.80 | 15,991 |
| 2018-05-01 | $824,450 (3.9%) | $1,702,166 (4.0%) | 2.75 | 17,287 |
| 2018-06-01 | $820,000 (4.3%) | $1,686,287 (3.7%) | 2.73 | 18,773 |
| 2018-07-01 | $799,975 (2.7%) | $1,651,547 (2.9%) | 2.67 | 20,304 |
| 2018-08-01 | $784,450 (2.0%) | $1,584,772 (-1.3%) | 2.63 | 21,230 |
| 2018-09-01 | $769,200 (0.0%) | $1,559,038 (-3.0%) | 2.59 | 22,128 |
| 2018-10-01 | $762,500 (-0.5%) | $1,557,410 (-4.8%) | 2.58 | 22,809 |
| 2018-11-01 | $753,500 (-2.1%) | $1,549,112 (-6.9%) | 2.55 | 22,803 |
| 2018-12-01 | $749,000 (-3.8%) | $1,569,118 (-9.7%) | 2.58 | 20,249 |
| 2019-01-01 | $741,250 (-4.8%) | $1,567,497 (-9.7%) | 2.56 | 18,976 |
| 2019-02-01 | $749,450 (-5.1%) | $1,602,067 (-7.2%) | 2.53 | 19,544 |
| 2019-03-01 | $770,571 (-3.7%) | $1,632,503 (-5.2%) | 2.52 | 19,912 |
| 2019-04-01 | $798,500 (-3.2%) | $1,651,016 (-3.0%) | 2.54 | 20,309 |
| 2019-05-01 | $805,000 (-2.4%) | $1,679,899 (-1.3%) | 2.52 | 21,471 |
| 2019-06-01 | $825,000 (0.6%) | $1,677,918 (-0.5%) | 2.58 | 21,742 |
| 2019-07-01 | $829,950 (3.8%) | $1,689,230 (2.3%) | 2.60 | 22,094 |
| 2019-08-01 | $836,091 (6.6%) | $1,703,706 (7.5%) | 2.65 | 21,519 |
| 2019-09-01 | $837,727 (8.9%) | $1,727,483 (10.8%) | 2.68 | 20,561 |
| 2019-10-01 | $836,818 (9.8%) | $1,750,078 (12.4%) | 2.70 | 19,671 |
| 2019-11-01 | $835,000 (10.8%) | $1,809,367 (16.8%) | 2.74 | 17,778 |
| 2019-12-01 | $845,000 (12.8%) | $1,896,057 (20.8%) | 2.82 | 14,152 |
| 2020-01-01 | $849,000 (14.5%) | $1,956,413 (24.8%) | 2.84 | 12,822 |
| 2020-02-01 | $889,000 (18.6%) | $1,993,844 (24.5%) | 2.91 | 12,891 |
| 2020-03-01 | $908,500 (17.9%) | $2,004,069 (22.8%) | 2.85 | 12,819 |
| 2020-04-01 | $855,000 (7.1%) | $1,829,547 (10.8%) | 2.68 | 13,319 |
| 2020-05-01 | $875,000 (8.7%) | $1,820,358 (8.4%) | 2.66 | 15,151 |
| 2020-06-01 | $917,000 (11.2%) | $1,918,493 (14.3%) | 2.70 | 15,155 |
| 2020-07-01 | $947,000 (14.1%) | $2,002,816 (18.6%) | 2.74 | 14,649 |
| 2020-08-01 | $950,000 (13.6%) | $2,039,166 (19.7%) | 2.72 | 14,426 |
| 2020-09-01 | $949,495 (13.3%) | $2,019,549 (16.9%) | 2.72 | 14,546 |
| 2020-10-01 | $949,500 (13.5%) | $2,028,792 (15.9%) | 2.72 | 14,837 |
| 2020-11-01 | $949,500 (13.7%) | $2,057,568 (13.7%) | 2.78 | 14,197 |
| 2020-12-01 | $949,450 (12.4%) | $2,167,414 (14.3%) | 2.83 | 12,033 |
| 2021-01-01 | $950,000 (11.9%) | $2,271,561 (16.1%) | 2.84 | 10,268 |
| 2021-02-01 | $969,000 (9.0%) | $2,348,451 (17.8%) | 2.82 | 9,944 |
| 2021-03-01 | $970,000 (6.8%) | $2,318,254 (15.7%) | 2.75 | 9,753 |
| 2021-04-01 | $974,925 (14.0%) | $2,285,108 (24.9%) | 2.64 | 9,784 |
| 2021-05-01 | $975,000 (11.4%) | $2,295,012 (26.1%) | 2.59 | 9,726 |
| 2021-06-01 | $966,950 (5.5%) | $2,268,145 (18.2%) | 2.55 | 10,228 |
| 2021-07-01 | $949,999 (0.3%) | $2,184,845 (9.1%) | 2.51 | 11,067 |
| 2021-08-01 | $921,223 (-3.0%) | $2,131,113 (4.5%) | 2.46 | 11,122 |
| 2021-09-01 | $912,100 (-3.9%) | $2,120,682 (5.0%) | 2.43 | 10,569 |
| 2021-10-01 | $925,000 (-2.6%) | $2,167,961 (6.9%) | 2.47 | 10,089 |
| 2021-11-01 | $910,000 (-4.2%) | $2,219,415 (7.9%) | 2.43 | 8,871 |
| 2021-12-01 | $909,725 (-4.2%) | $2,347,834 (8.3%) | 2.47 | 7,097 |
| 2022-01-01 | $920,000 (-3.2%) | $2,487,238 (9.5%) | 2.49 | 6,105 |
| 2022-02-01 | $949,019 (-2.1%) | $2,521,011 (7.4%) | 2.47 | 6,506 |
| 2022-03-01 | $975,000 (0.5%) | $2,457,614 (6.0%) | 2.44 | 6,938 |
| 2022-04-01 | $980,000 (0.5%) | $2,351,919 (2.9%) | 2.34 | 7,541 |
| 2022-05-01 | $992,875 (1.8%) | $2,244,648 (-2.2%) | 2.27 | 10,013 |
| 2022-06-01 | $996,500 (3.1%) | $2,152,879 (-5.1%) | 2.22 | 11,977 |
| 2022-07-01 | $970,000 (2.1%) | $2,020,314 (-7.5%) | 2.19 | 14,722 |
| 2022-08-01 | $950,000 (3.1%) | $1,962,449 (-7.9%) | 2.20 | 15,038 |
| 2022-09-01 | $949,450 (4.1%) | $1,976,198 (-6.8%) | 2.22 | 14,466 |
| 2022-10-01 | $940,000 (1.6%) | $1,966,289 (-9.3%) | 2.21 | 14,600 |
| 2022-11-01 | $933,944 (2.6%) | $2,000,023 (-9.9%) | 2.25 | 14,345 |
| 2022-12-01 | $935,000 (2.8%) | $2,089,845 (-11.0%) | 2.31 | 12,280 |
| 2023-01-01 | $938,458 (2.0%) | $2,182,624 (-12.3%) | 2.33 | 10,562 |
| 2023-02-01 | $973,500 (2.6%) | $2,408,719 (-4.5%) | 2.35 | 9,824 |
| 2023-03-01 | $999,500 (2.5%) | $2,533,452 (3.1%) | 2.36 | 9,240 |
| 2023-04-01 | $1,099,999 (12.2%) | $2,633,826 (12.0%) | 2.56 | 8,854 |
| 2023-05-01 | $1,150,222 (15.9%) | $2,688,766 (19.8%) | 2.61 | 9,036 |
| 2023-06-01 | $1,172,450 (17.7%) | $2,666,379 (23.9%) | 2.63 | 9,489 |
| 2023-07-01 | $1,195,000 (23.2%) | $2,668,889 (32.1%) | 2.72 | 9,992 |
| 2023-08-01 | $1,162,500 (22.4%) | $2,581,695 (31.6%) | 2.67 | 10,503 |
| 2023-09-01 | $1,175,000 (23.8%) | $2,578,895 (30.5%) | 2.74 | 10,611 |
| 2023-10-01 | $1,159,000 (23.3%) | $2,526,260 (28.5%) | 2.73 | 11,224 |
Los Angeles's median listing price comes in at 273% of the national average.
Los Angeles's average listing price for 2023-10-01 was $2,526,260, a difference of $559,971 (28.5%) versus the prior year and $-52,635 versus the prior month.
For the 2023-10-01 period, Los Angeles had 11,224 MLS listings, a difference of 613 listings (6%) versus the prior month and -3,376 listings (-23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Los Angeles (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 46 days | 1,865 sqft |
| 2018-02-01 | 30 days | 1,876 sqft |
| 2018-03-01 | 31 days | 1,889 sqft |
| 2018-04-01 | 31 days | 1,907 sqft |
| 2018-05-01 | 30 days | 1,913 sqft |
| 2018-06-01 | 32 days | 1,906 sqft |
| 2018-07-01 | 35 days | 1,898 sqft |
| 2018-08-01 | 37 days | 1,849 sqft |
| 2018-09-01 | 39 days | 1,818 sqft |
| 2018-10-01 | 41 days | 1,797 sqft |
| 2018-11-01 | 44 days | 1,778 sqft |
| 2018-12-01 | 54 days | 1,765 sqft |
| 2019-01-01 | 57 days | 1,750 sqft |
| 2019-02-01 | 40 days | 1,756 sqft |
| 2019-03-01 | 41 days | 1,795 sqft |
| 2019-04-01 | 43 days | 1,830 sqft |
| 2019-05-01 | 43 days | 1,857 sqft |
| 2019-06-01 | 45 days | 1,876 sqft |
| 2019-07-01 | 47 days | 1,889 sqft |
| 2019-08-01 | 48 days | 1,883 sqft |
| 2019-09-01 | 50 days | 1,875 sqft |
| 2019-10-01 | 51 days | 1,865 sqft |
| 2019-11-01 | 53 days | 1,861 sqft |
| 2019-12-01 | 64 days | 1,860 sqft |
| 2020-01-01 | 64 days | 1,864 sqft |
| 2020-02-01 | 44 days | 1,901 sqft |
| 2020-03-01 | 44 days | 1,920 sqft |
| 2020-04-01 | 51 days | 1,831 sqft |
| 2020-05-01 | 59 days | 1,844 sqft |
| 2020-06-01 | 48 days | 1,871 sqft |
| 2020-07-01 | 46 days | 1,886 sqft |
| 2020-08-01 | 44 days | 1,874 sqft |
| 2020-09-01 | 45 days | 1,853 sqft |
| 2020-10-01 | 45 days | 1,841 sqft |
| 2020-11-01 | 50 days | 1,823 sqft |
| 2020-12-01 | 62 days | 1,814 sqft |
| 2021-01-01 | 63 days | 1,808 sqft |
| 2021-02-01 | 43 days | 1,800 sqft |
| 2021-03-01 | 39 days | 1,799 sqft |
| 2021-04-01 | 40 days | 1,807 sqft |
| 2021-05-01 | 38 days | 1,806 sqft |
| 2021-06-01 | 36 days | 1,786 sqft |
| 2021-07-01 | 35 days | 1,760 sqft |
| 2021-08-01 | 36 days | 1,725 sqft |
| 2021-09-01 | 39 days | 1,719 sqft |
| 2021-10-01 | 38 days | 1,720 sqft |
| 2021-11-01 | 43 days | 1,714 sqft |
| 2021-12-01 | 49 days | 1,714 sqft |
| 2022-01-01 | 45 days | 1,693 sqft |
| 2022-02-01 | 30 days | 1,699 sqft |
| 2022-03-01 | 30 days | 1,722 sqft |
| 2022-04-01 | 29 days | 1,732 sqft |
| 2022-05-01 | 29 days | 1,729 sqft |
| 2022-06-01 | 31 days | 1,737 sqft |
| 2022-07-01 | 33 days | 1,703 sqft |
| 2022-08-01 | 41 days | 1,701 sqft |
| 2022-09-01 | 47 days | 1,704 sqft |
| 2022-10-01 | 47 days | 1,702 sqft |
| 2022-11-01 | 51 days | 1,702 sqft |
| 2022-12-01 | 61 days | 1,712 sqft |
| 2023-01-01 | 68 days | 1,704 sqft |
| 2023-02-01 | 52 days | 1,737 sqft |
| 2023-03-01 | 46 days | 1,757 sqft |
| 2023-04-01 | 44 days | 1,792 sqft |
| 2023-05-01 | 39 days | 1,814 sqft |
| 2023-06-01 | 39 days | 1,830 sqft |
| 2023-07-01 | 41 days | 1,852 sqft |
| 2023-08-01 | 41 days | 1,832 sqft |
| 2023-09-01 | 45 days | 1,830 sqft |
| 2023-10-01 | 44 days | 1,813 sqft |
Los Angeles's median square footage for active listings during the 2023-10-01 period was 1,813 sqft. One year prior, the average listing was 1,702 sqft.