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 6.65% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Los Angeles's average USDA mortgage closing costs are $8,872.

The average rate for the prior week (2024-05-10) was 6.79% and one month ago for the week of 2024-04-12, the average rate was 6.81%.

The average rate one year ago was 6.29%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.46%.

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 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
Los Angeles's median listing price for 2024-04-01 was $1,192,000, a difference of $92,001 (8.4%) versus the prior year and $42,000 versus the prior month.

Los Angeles's median listing price comes in at 277% of the national average.

Los Angeles's average listing price for 2024-04-01 was $2,670,091, a difference of $36,265 (1.4%) versus the prior year and $-13,288 versus the prior month.

For the 2024-04-01 period, Los Angeles had 10,595 MLS listings, a difference of 859 listings (9%) versus the prior month and 1,743 listings (20%) 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
Los Angeles's median listing age (time on market) for 2024-04-01 was 39 days. This is -13% shorter than the same period one year ago.

Los Angeles's median square footage for active listings during the 2024-04-01 period was 1,817 sqft. One year prior, the average listing was 1,792 sqft.