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 5.9% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

Los Angeles's average USDA mortgage closing costs are $8,613.

The average rate for the prior week (2023-05-19) was 6.04% and one month ago for the week of 2023-04-21, the average rate was 5.85%.

The average rate one year ago was 4.77%.

For refis of the same type during the week of 2023-05-26, the average rate was 4.65%.

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 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%) $1,701,555 (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%) 2.59 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 $764,888 (-4.4%) $1,641,389 (-4.7%) 2.55 19,729
2019-04-01 $798,500 (-3.2%) $1,651,279 (-3.0%) 2.54 20,280
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 $853,000 (8.7%) $1,760,373 (11.1%) 2.67 21,795
2019-09-01 $864,950 (12.5%) $1,842,403 (18.2%) 2.73 18,440
2019-10-01 $836,975 (9.8%) $1,754,297 (12.6%) 2.70 19,671
2019-11-01 $835,000 (10.9%) $1,809,413 (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 (18.8%) $2,004,069 (22.1%) 2.85 12,819
2020-04-01 $855,000 (7.1%) $1,829,582 (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%) $1,918,534 (14.3%) 2.70 15,155
2020-07-01 $947,000 (14.1%) $2,002,938 (18.6%) 2.74 14,649
2020-08-01 $950,000 (11.4%) $2,039,345 (15.9%) 2.72 14,426
2020-09-01 $949,495 (9.8%) $2,019,607 (9.6%) 2.72 14,546
2020-10-01 $949,500 (13.4%) $2,028,999 (15.7%) 2.72 14,837
2020-11-01 $949,500 (13.7%) $2,057,666 (13.7%) 2.78 14,197
2020-12-01 $949,450 (12.4%) $2,167,508 (14.3%) 2.82 12,033
2021-01-01 $950,000 (11.9%) $2,271,769 (16.1%) 2.84 10,268
2021-02-01 $969,075 (9.0%) $2,348,601 (17.8%) 2.82 9,944
2021-03-01 $970,000 (6.8%) $2,316,052 (15.6%) 2.75 9,753
2021-04-01 $974,699 (14.0%) $2,284,891 (24.9%) 2.64 9,784
2021-05-01 $975,000 (11.4%) $2,294,998 (26.1%) 2.59 9,726
2021-06-01 $966,950 (5.5%) $2,268,190 (18.2%) 2.55 10,228
2021-07-01 $949,999 (0.3%) $2,185,018 (9.1%) 2.51 11,067
2021-08-01 $919,950 (-3.2%) $2,131,211 (4.5%) 2.45 11,122
2021-09-01 $912,100 (-3.9%) $2,120,759 (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%) $2,219,500 (7.9%) 2.43 8,871
2021-12-01 $909,500 (-4.2%) $2,347,817 (8.3%) 2.46 7,097
2022-01-01 $920,000 (-3.2%) $2,487,155 (9.5%) 2.49 6,105
2022-02-01 $949,000 (-2.1%) $2,521,098 (7.3%) 2.47 6,506
2022-03-01 $974,975 (0.5%) $2,457,574 (6.1%) 2.44 6,938
2022-04-01 $980,000 (0.5%) $2,352,021 (2.9%) 2.34 7,541
2022-05-01 $992,625 (1.8%) $2,244,759 (-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%) $2,020,817 (-7.5%) 2.19 14,722
2022-08-01 $950,000 (3.3%) $1,962,558 (-7.9%) 2.19 15,038
2022-09-01 $949,450 (4.1%) $1,976,336 (-6.8%) 2.22 14,466
2022-10-01 $940,000 (1.6%) $1,966,338 (-9.3%) 2.21 14,600
2022-11-01 $933,944 (2.6%) $2,000,118 (-9.9%) 2.24 14,345
2022-12-01 $935,000 (2.8%) $2,090,000 (-11.0%) 2.31 12,280
2023-01-01 $938,458 (2.0%) $2,182,781 (-12.2%) 2.32 10,562
2023-02-01 $973,500 (2.6%) $2,409,804 (-4.4%) 2.35 9,824
2023-03-01 $999,500 (2.5%) $2,533,761 (3.1%) 2.35 9,240
2023-04-01 $1,099,999 (12.2%) $2,633,956 (12.0%) 2.56 8,854
Los Angeles's median listing price for 2023-04-01 was $1,099,999, a difference of $119,999 (12.2%) versus the prior year and $100,499 versus the prior month.

Los Angeles's median listing price comes in at 256% of the national average.

Los Angeles's average listing price for 2023-04-01 was $2,633,956, a difference of $281,935 (12.0%) versus the prior year and $100,195 versus the prior month.

For the 2023-04-01 period, Los Angeles had 8,854 MLS listings, a difference of -386 listings (-4%) versus the prior month and 1,313 listings (17%) 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 1,864 sqft
2018-02-01 30 days 1,876 sqft
2018-03-01 31 days 1,889 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 1,849 sqft
2018-09-01 40 days 1,818 sqft
2018-10-01 41 days 1,797 sqft
2018-11-01 45 days 1,778 sqft
2018-12-01 54 days 1,765 sqft
2019-01-01 57 days 1,750 sqft
2019-02-01 41 days 1,756 sqft
2019-03-01 46 days 1,784 sqft
2019-04-01 44 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 57 days 1,924 sqft
2019-09-01 62 days 1,939 sqft
2019-10-01 52 days 1,865 sqft
2019-11-01 54 days 1,861 sqft
2019-12-01 65 days 1,860 sqft
2020-01-01 66 days 1,864 sqft
2020-02-01 45 days 1,901 sqft
2020-03-01 44 days 1,921 sqft
2020-04-01 52 days 1,831 sqft
2020-05-01 60 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 51 days 1,824 sqft
2020-12-01 63 days 1,814 sqft
2021-01-01 65 days 1,808 sqft
2021-02-01 45 days 1,800 sqft
2021-03-01 40 days 1,799 sqft
2021-04-01 40 days 1,807 sqft
2021-05-01 39 days 1,805 sqft
2021-06-01 37 days 1,786 sqft
2021-07-01 35 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 1,714 sqft
2021-12-01 50 days 1,714 sqft
2022-01-01 46 days 1,694 sqft
2022-02-01 31 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 32 days 1,737 sqft
2022-07-01 34 days 1,703 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
2022-11-01 52 days 1,702 sqft
2022-12-01 63 days 1,713 sqft
2023-01-01 69 days 1,704 sqft
2023-02-01 53 days 1,736 sqft
2023-03-01 47 days 1,757 sqft
2023-04-01 44 days 1,792 sqft
Los Angeles's median listing age (time on market) for 2023-04-01 was 44 days. This is 52% longer than the same period one year ago.

Los Angeles's median square footage for active listings during the 2023-04-01 period was 1,792 sqft. One year prior, the average listing was 1,732 sqft.