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 18 lenders originated 84 USDA loans during 2021. The total origination value was $51,300,000, with an average USDA loan value of $610,714.

Los Angeles USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Los Angeles averaged -0.02% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

Los Angeles's average USDA mortgage closing costs are $8,314.

The average rate for the prior week (2022-11-18) was 6.33% and one month ago for the week of 2022-10-21, the average rate was 6.84%.

The average rate one year ago was 3.18%.

For refis of the same type during the week of 2022-11-25, the average rate was -0.03%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
MORTGAGE MANAGEMENT CONSULTANTS, INC. 2 3.38% $5,504
HOME POINT FINANCIAL CORPORATION 2 2.88% $5,684
GUILD MORTGAGE COMPANY 2 2.94% $12,948
AMERICAN FINANCIAL NETWORK, INC. 2 2.94% $8,290
EVERETT FINANCIAL, INC. 1 3.00% $7,294
First Guaranty Mortgage Corporation 1 3.25% $14,410
Flagstar Bank, FSB 1 2.75% $8,648
Golden Empire Mortgage, Inc. 1 3.50% $11,659
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.25% $6,193
Hometown Equity Mortgage, LLC 1 3.38% $8,809
LA Financial Federal Credit Union 1 2.88% $10,789
LOANDEPOT.COM, LLC 1 2.88% $7,235
Paramount Residential Mortgage Group, Inc. 1 3.00% $8,214
UNITED WHOLESALE MORTGAGE, LLC 1 2.38% $23,362
Wells Fargo Bank 1 2.88% $9,697
CALIBER HOME LOANS, INC. 1 2.99% $4,867
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 2.63% $9,537
COMMUNITY MORTGAGE FUNDING, LLC 1 2.99% $9,599

The top Los Angeles USDA lender as defined by loan originations is MORTGAGE MANAGEMENT CONSULTANTS, INC., with 2 USDA loans originated. Their average total fees are $5,504, which is $180 lower than the next largest lender, HOME POINT FINANCIAL 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 $778,750 (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%) $1,701,555 (4.8%) 2.80 15,991
2018-05-01 $824,450 (3.9%) $1,702,194 (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%) 2.58 22,128
2018-10-01 $762,500 (-0.5%) $1,557,410 (-4.8%) 2.58 22,809
2018-11-01 $753,250 (-2.1%) $1,549,098 (-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%) $1,602,096 (-7.2%) 2.53 19,544
2019-03-01 $770,571 (-3.7%) $1,632,531 (-5.2%) 2.52 19,914
2019-04-01 $798,500 (-3.2%) $1,651,123 (-3.0%) 2.54 20,315
2019-05-01 $805,000 (-2.4%) $1,679,606 (-1.3%) 2.52 21,490
2019-06-01 $825,000 (0.6%) $1,677,275 (-0.5%) 2.58 21,766
2019-07-01 $829,950 (3.8%) $1,688,535 (2.2%) 2.60 22,120
2019-08-01 $836,084 (6.6%) $1,702,962 (7.5%) 2.65 21,545
2019-09-01 $837,724 (8.9%) $1,726,645 (10.8%) 2.68 20,589
2019-10-01 $836,818 (9.8%) $1,749,156 (12.3%) 2.70 19,699
2019-11-01 $835,000 (10.9%) $1,808,386 (16.7%) 2.74 17,808
2019-12-01 $844,500 (12.8%) $1,894,561 (20.7%) 2.82 14,182
2020-01-01 $849,000 (14.5%) $1,954,498 (24.7%) 2.84 12,852
2020-02-01 $889,000 (18.6%) $1,991,934 (24.3%) 2.91 12,921
2020-03-01 $907,000 (17.7%) $2,002,167 (22.6%) 2.84 12,849
2020-04-01 $855,000 (7.1%) $1,828,007 (10.7%) 2.68 13,349
2020-05-01 $875,000 (8.7%) $1,818,890 (8.3%) 2.66 15,180
2020-06-01 $916,037 (11.0%) $1,916,978 (14.3%) 2.70 15,185
2020-07-01 $947,000 (14.1%) $2,001,331 (18.5%) 2.74 14,678
2020-08-01 $950,000 (13.6%) $2,037,666 (19.7%) 2.72 14,455
2020-09-01 $949,450 (13.3%) $2,017,992 (16.9%) 2.72 14,576
2020-10-01 $949,000 (13.4%) $2,027,320 (15.9%) 2.72 14,867
2020-11-01 $949,500 (13.7%) $2,055,844 (13.7%) 2.77 14,227
2020-12-01 $949,444 (12.4%) $2,165,196 (14.3%) 2.82 12,063
2021-01-01 $950,000 (11.9%) $2,268,195 (16.1%) 2.84 10,297
2021-02-01 $968,444 (8.9%) $2,344,829 (17.7%) 2.82 9,973
2021-03-01 $969,000 (6.8%) $2,312,559 (15.5%) 2.75 9,780
2021-04-01 $972,450 (13.7%) $2,281,743 (24.8%) 2.63 9,810
2021-05-01 $972,000 (11.1%) $2,292,061 (26.0%) 2.57 9,752
2021-06-01 $964,500 (5.3%) $2,265,237 (18.2%) 2.54 10,254
2021-07-01 $949,950 (0.3%) $2,182,693 (9.1%) 2.50 11,086
2021-08-01 $917,000 (-3.5%) $2,129,268 (4.5%) 2.45 11,133
2021-09-01 $910,000 (-4.2%) $2,118,210 (5.0%) 2.43 10,586
2021-10-01 $924,900 (-2.5%) $2,165,405 (6.8%) 2.47 10,111
2021-11-01 $909,950 (-4.2%) $2,216,200 (7.8%) 2.43 8,898
2021-12-01 $907,500 (-4.4%) $2,343,139 (8.2%) 2.46 7,126
2022-01-01 $920,000 (-3.2%) $2,480,758 (9.4%) 2.49 6,134
2022-02-01 $947,500 (-2.2%) $2,514,929 (7.3%) 2.46 6,535
2022-03-01 $972,347 (0.4%) $2,452,480 (6.1%) 2.43 6,968
2022-04-01 $980,000 (0.8%) $2,348,317 (2.9%) 2.34 7,570
2022-05-01 $990,000 (1.9%) $2,241,865 (-2.2%) 2.26 10,043
2022-06-01 $995,450 (3.2%) $2,150,591 (-5.1%) 2.22 12,008
2022-07-01 $970,000 (2.1%) $2,018,904 (-7.5%) 2.19 14,755
2022-08-01 $950,000 (3.6%) $1,960,764 (-7.9%) 2.19 15,070
2022-09-01 $949,444 (4.3%) $1,974,459 (-6.8%) 2.22 14,498
2022-10-01 $939,888 (1.6%) $1,964,592 (-9.3%) 2.21 14,630
Los Angeles's median listing price for 2022-10-01 was $939,888, a difference of $14,988 (1.6%) versus the prior year and $-9,556 versus the prior month.

Los Angeles's median listing price comes in at 221% of the national average.

Los Angeles's average listing price for 2022-10-01 was $1,964,592, a difference of $-200,813 (-9.3%) versus the prior year and $-9,867 versus the prior month.

For the 2022-10-01 period, Los Angeles had 14,630 MLS listings, a difference of 132 listings (1%) versus the prior month and 4,519 listings (45%) 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 48 days 1,865 sqft
2018-02-01 30 days 1,876 sqft
2018-03-01 31 days 1,888 sqft
2018-04-01 32 days 1,907 sqft
2018-05-01 31 days 1,913 sqft
2018-06-01 33 days 1,906 sqft
2018-07-01 36 days 1,898 sqft
2018-08-01 37 days 1,850 sqft
2018-09-01 40 days 1,818 sqft
2018-10-01 41 days 1,798 sqft
2018-11-01 45 days 1,778 sqft
2018-12-01 54 days 1,766 sqft
2019-01-01 57 days 1,750 sqft
2019-02-01 41 days 1,756 sqft
2019-03-01 42 days 1,795 sqft
2019-04-01 43 days 1,831 sqft
2019-05-01 43 days 1,857 sqft
2019-06-01 46 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 52 days 1,865 sqft
2019-11-01 54 days 1,860 sqft
2019-12-01 65 days 1,859 sqft
2020-01-01 66 days 1,864 sqft
2020-02-01 45 days 1,901 sqft
2020-03-01 45 days 1,921 sqft
2020-04-01 52 days 1,831 sqft
2020-05-01 61 days 1,844 sqft
2020-06-01 51 days 1,870 sqft
2020-07-01 47 days 1,884 sqft
2020-08-01 46 days 1,873 sqft
2020-09-01 46 days 1,853 sqft
2020-10-01 46 days 1,841 sqft
2020-11-01 52 days 1,823 sqft
2020-12-01 63 days 1,814 sqft
2021-01-01 65 days 1,806 sqft
2021-02-01 46 days 1,799 sqft
2021-03-01 40 days 1,799 sqft
2021-04-01 41 days 1,806 sqft
2021-05-01 39 days 1,805 sqft
2021-06-01 37 days 1,786 sqft
2021-07-01 36 days 1,760 sqft
2021-08-01 37 days 1,724 sqft
2021-09-01 40 days 1,718 sqft
2021-10-01 39 days 1,720 sqft
2021-11-01 44 days 1,713 sqft
2021-12-01 50 days 1,714 sqft
2022-01-01 46 days 1,696 sqft
2022-02-01 31 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 32 days 1,736 sqft
2022-07-01 34 days 1,702 sqft
2022-08-01 41 days 1,701 sqft
2022-09-01 47 days 1,704 sqft
2022-10-01 49 days 1,702 sqft
Los Angeles's median listing age (time on market) for 2022-10-01 was 49 days. This is 26% longer than the same period one year ago.

Los Angeles's median square footage for active listings during the 2022-10-01 period was 1,702 sqft. One year prior, the average listing was 1,720 sqft.