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 5 lenders originated 7 USDA loans during 2023. The total origination value was $2,295,000, with an average USDA loan value of $327,857.
Los Angeles USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Los Angeles
averaged
6.1%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Los Angeles's average USDA mortgage closing costs are $8,872.
The average rate for the prior week (2024-12-06) was
6.04% and
one month ago for the week of 2024-11-08, the
average rate was 6.25%.
The average rate one year ago was 6.62%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.41%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | 3 | 5.29% | $15,056 |
| BANC ONE MORTGAGE CORPORATION | 1 | 8.75% | $9,690 |
| PLAZA HOME MORTGAGE, INC. | 1 | 5.99% | $13,433 |
| Sierra Pacific Mortgage Company, Inc. | 1 | 5.13% | $14,333 |
| SUN WEST MORTGAGE COMPANY, INC. | 1 | 6.63% | $7,272 |
The top Los Angeles USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
3 USDA loans originated. Their average total fees are
$15,056, which is $5,366
higher than the next largest lender,
BANC ONE MORTGAGE CORPORATION.
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 | $778,250 (9.7%) | $1,736,109 (14.6%) | 2.89 | 12,707 |
| 2018-02-01 | $789,250 (7.8%) | $1,725,422 (11.2%) | 2.87 | 13,760 |
| 2018-03-01 | $799,900 (5.8%) | $1,721,029 (6.8%) | 2.81 | 14,581 |
| 2018-04-01 | $825,000 (6.5%) | $1,701,177 (4.8%) | 2.80 | 15,990 |
| 2018-05-01 | $824,450 (4.0%) | $1,701,830 (4.0%) | 2.75 | 17,287 |
| 2018-06-01 | $820,000 (4.3%) | $1,686,096 (3.7%) | 2.73 | 18,772 |
| 2018-07-01 | $799,975 (2.7%) | $1,651,202 (2.9%) | 2.67 | 20,303 |
| 2018-08-01 | $784,450 (2.0%) | $1,584,507 (-1.3%) | 2.63 | 21,229 |
| 2018-09-01 | $769,200 (0.0%) | $1,559,038 (-3.0%) | 2.59 | 22,128 |
| 2018-10-01 | $762,500 (-0.5%) | $1,557,399 (-4.8%) | 2.58 | 22,809 |
| 2018-11-01 | $753,500 (-2.1%) | $1,549,112 (-6.8%) | 2.55 | 22,803 |
| 2018-12-01 | $749,000 (-3.7%) | $1,569,232 (-9.7%) | 2.58 | 20,248 |
| 2019-01-01 | $741,250 (-4.8%) | $1,567,544 (-9.7%) | 2.56 | 18,975 |
| 2019-02-01 | $749,450 (-5.0%) | $1,602,138 (-7.2%) | 2.53 | 19,541 |
| 2019-03-01 | $770,571 (-3.7%) | $1,632,577 (-5.1%) | 2.52 | 19,909 |
| 2019-04-01 | $798,500 (-3.2%) | $1,651,006 (-3.0%) | 2.54 | 20,307 |
| 2019-05-01 | $805,000 (-2.4%) | $1,679,919 (-1.3%) | 2.52 | 21,469 |
| 2019-06-01 | $825,000 (0.6%) | $1,677,961 (-0.5%) | 2.58 | 21,739 |
| 2019-07-01 | $829,950 (3.8%) | $1,689,244 (2.3%) | 2.60 | 22,092 |
| 2019-08-01 | $836,091 (6.6%) | $1,703,724 (7.5%) | 2.65 | 21,517 |
| 2019-09-01 | $837,727 (8.9%) | $1,727,508 (10.8%) | 2.68 | 20,560 |
| 2019-10-01 | $836,818 (9.8%) | $1,750,108 (12.4%) | 2.70 | 19,670 |
| 2019-11-01 | $835,000 (10.8%) | $1,809,403 (16.8%) | 2.74 | 17,777 |
| 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%) | $1,993,912 (24.5%) | 2.91 | 12,891 |
| 2020-03-01 | $908,500 (17.9%) | $2,004,105 (22.8%) | 2.85 | 12,818 |
| 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 | $949,475 (13.3%) | $2,019,469 (16.9%) | 2.72 | 14,549 |
| 2020-10-01 | $949,500 (13.5%) | $2,028,867 (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%) | $2,167,504 (14.3%) | 2.82 | 12,032 |
| 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 | $974,900 (14.0%) | $2,285,206 (24.9%) | 2.64 | 9,783 |
| 2021-05-01 | $975,000 (11.4%) | $2,295,012 (26.1%) | 2.59 | 9,725 |
| 2021-06-01 | $966,450 (5.4%) | $2,268,343 (18.2%) | 2.54 | 10,226 |
| 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%) | 2.46 | 7,097 |
| 2022-01-01 | $920,000 (-3.2%) | $2,487,238 (9.5%) | 2.49 | 6,105 |
| 2022-02-01 | $949,000 (-2.1%) | $2,520,710 (7.3%) | 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%) | $2,152,828 (-5.1%) | 2.22 | 11,978 |
| 2022-07-01 | $970,000 (2.1%) | $2,020,230 (-7.5%) | 2.19 | 14,723 |
| 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%) | $2,089,747 (-11.0%) | 2.31 | 12,280 |
| 2023-01-01 | $938,458 (2.0%) | $2,182,624 (-12.3%) | 2.32 | 10,562 |
| 2023-02-01 | $973,500 (2.6%) | $2,408,638 (-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 | 8,852 |
| 2023-05-01 | $1,150,444 (15.9%) | $2,688,545 (19.8%) | 2.61 | 9,039 |
| 2023-06-01 | $1,169,975 (17.4%) | $2,665,519 (23.8%) | 2.63 | 9,471 |
| 2023-07-01 | $1,195,000 (23.2%) | $2,668,863 (32.1%) | 2.72 | 9,990 |
| 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 |
| 2023-11-01 | $1,150,000 (23.1%) | $2,552,219 (27.6%) | 2.74 | 11,424 |
| 2023-12-01 | $1,100,000 (17.7%) | $2,601,702 (24.5%) | 2.68 | 10,044 |
| 2024-01-01 | $1,100,000 (17.2%) | $2,663,478 (22.0%) | 2.69 | 9,158 |
| 2024-02-01 | $1,137,000 (16.8%) | $2,700,737 (12.1%) | 2.74 | 9,411 |
| 2024-03-01 | $1,150,000 (15.1%) | $2,683,379 (5.9%) | 2.71 | 9,736 |
| 2024-04-01 | $1,192,000 (8.4%) | $2,670,091 (1.4%) | 2.77 | 10,595 |
| 2024-05-01 | $1,248,400 (8.5%) | $2,788,625 (3.7%) | 2.82 | 11,795 |
| 2024-06-01 | $1,248,944 (6.8%) | $2,745,922 (3.0%) | 2.81 | 12,963 |
| 2024-07-01 | $1,199,000 (0.3%) | $2,549,218 (-4.5%) | 2.74 | 14,302 |
| 2024-08-01 | $1,190,000 (2.4%) | $2,444,394 (-5.3%) | 2.77 | 14,876 |
| 2024-09-01 | $1,154,440 (-1.8%) | $2,390,494 (-7.3%) | 2.72 | 15,585 |
| 2024-10-01 | $1,150,000 (-0.8%) | $2,371,615 (-6.1%) | 2.71 | 15,621 |
| 2024-11-01 | $1,130,000 (-1.7%) | $2,355,765 (-7.7%) | 2.71 | 15,283 |
Los Angeles's median listing price comes in at 271% of the national average.
Los Angeles's average listing price for 2024-11-01 was $2,355,765, a difference of $-196,454 (-7.7%) versus the prior year and $-15,850 versus the prior month.
For the 2024-11-01 period, Los Angeles had 15,283 MLS listings, a difference of -338 listings (-2%) versus the prior month and 3,859 listings (34%) 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 | 1,888 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 | 1,819 sqft |
| 2018-10-01 | 41 days | 1,798 sqft |
| 2018-11-01 | 44 days | 1,778 sqft |
| 2018-12-01 | 54 days | 1,766 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 | 1,875 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 | 1,830 sqft |
| 2020-05-01 | 59 days | 1,843 sqft |
| 2020-06-01 | 48 days | 1,870 sqft |
| 2020-07-01 | 46 days | 1,884 sqft |
| 2020-08-01 | 44 days | 1,873 sqft |
| 2020-09-01 | 45 days | 1,853 sqft |
| 2020-10-01 | 45 days | 1,840 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 | 1,805 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 | 1,718 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 | 1,694 sqft |
| 2022-02-01 | 30 days | 1,700 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 | 1,713 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 | 1,815 sqft |
| 2023-06-01 | 39 days | 1,832 sqft |
| 2023-07-01 | 41 days | 1,854 sqft |
| 2023-08-01 | 41 days | 1,835 sqft |
| 2023-09-01 | 45 days | 1,830 sqft |
| 2023-10-01 | 44 days | 1,813 sqft |
| 2023-11-01 | 47 days | 1,809 sqft |
| 2023-12-01 | 54 days | 1,789 sqft |
| 2024-01-01 | 57 days | 1,784 sqft |
| 2024-02-01 | 40 days | 1,795 sqft |
| 2024-03-01 | 42 days | 1,800 sqft |
| 2024-04-01 | 39 days | 1,817 sqft |
| 2024-05-01 | 33 days | 1,845 sqft |
| 2024-06-01 | 37 days | 1,836 sqft |
| 2024-07-01 | 43 days | 1,810 sqft |
| 2024-08-01 | 44 days | 1,808 sqft |
| 2024-09-01 | 46 days | 1,793 sqft |
| 2024-10-01 | 48 days | 1,787 sqft |
| 2024-11-01 | 53 days | 1,772 sqft |
Los Angeles's median square footage for active listings during the 2024-11-01 period was 1,772 sqft. One year prior, the average listing was 1,809 sqft.