Los Angeles USDA Loans
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
5.07%
for the week of 2022-08-05, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-07-29) was
5.6% and
one month ago for the week of 2022-07-01, the
average rate was 5.53%.
The average rate one year ago was 3.21%.
For refis of the same type during the week of 2022-08-05, the average rate
was 5.26%.
Los Angeles USDA Loan Lenders by Rates & Fees
The below table looks at the average fees 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. Total Fees |
|---|---|---|---|
| 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 | $750,000 (7.2%) | $1,704,827 (13.9%) | 2.76 | 13,152 |
| 2018-02-01 | $759,000 (5.2%) | $1,690,988 (10.1%) | 2.74 | 14,314 |
| 2018-03-01 | $780,525 (4.2%) | $1,685,936 (5.9%) | 2.70 | 15,072 |
| 2018-04-01 | $799,650 (4.5%) | $1,679,819 (4.4%) | 2.68 | 16,519 |
| 2018-05-01 | $799,000 (2.4%) | $1,674,828 (3.3%) | 2.66 | 17,879 |
| 2018-06-01 | $799,000 (2.6%) | $1,655,352 (3.0%) | 2.66 | 19,472 |
| 2018-07-01 | $789,900 (1.9%) | $1,620,030 (2.3%) | 2.63 | 21,054 |
| 2018-08-01 | $764,450 (1.9%) | $1,557,509 (-1.0%) | 2.55 | 22,044 |
| 2018-09-01 | $749,900 (0.0%) | $1,527,636 (-2.9%) | 2.51 | 23,032 |
| 2018-10-01 | $747,000 (-0.3%) | $1,521,712 (-5.2%) | 2.50 | 23,786 |
| 2018-11-01 | $736,500 (-1.8%) | $1,510,278 (-7.1%) | 2.47 | 23,801 |
| 2018-12-01 | $725,000 (-3.3%) | $1,532,443 (-9.6%) | 2.48 | 21,112 |
| 2019-01-01 | $719,450 (-4.1%) | $1,531,943 (-10.1%) | 2.48 | 19,800 |
| 2019-02-01 | $727,450 (-4.2%) | $1,561,643 (-7.7%) | 2.44 | 20,330 |
| 2019-03-01 | $755,238 (-3.2%) | $1,601,897 (-5.0%) | 2.46 | 20,590 |
| 2019-04-01 | $777,944 (-2.7%) | $1,626,218 (-3.2%) | 2.45 | 20,862 |
| 2019-05-01 | $796,500 (-0.3%) | $1,662,469 (-0.7%) | 2.45 | 22,084 |
| 2019-06-01 | $799,000 (0.0%) | $1,649,945 (-0.3%) | 2.46 | 22,395 |
| 2019-07-01 | $801,408 (1.5%) | $1,660,124 (2.5%) | 2.49 | 22,744 |
| 2019-08-01 | $805,466 (5.4%) | $1,682,605 (8.0%) | 2.53 | 22,104 |
| 2019-09-01 | $808,558 (7.8%) | $1,713,091 (12.1%) | 2.57 | 21,250 |
| 2019-10-01 | $814,028 (9.0%) | $1,729,224 (13.6%) | 2.60 | 20,218 |
| 2019-11-01 | $799,999 (8.6%) | $1,771,138 (17.3%) | 2.58 | 18,278 |
| 2019-12-01 | $819,500 (13.0%) | $1,880,098 (22.7%) | 2.73 | 14,599 |
| 2020-01-01 | $825,000 (14.7%) | $1,923,283 (25.6%) | 2.75 | 13,119 |
| 2020-02-01 | $897,887 (23.4%) | $2,042,529 (30.8%) | 2.90 | 13,041 |
| 2020-03-01 | $938,950 (24.3%) | $2,071,651 (29.3%) | 2.93 | 12,997 |
| 2020-04-01 | $862,500 (10.9%) | $1,861,886 (14.5%) | 2.69 | 13,560 |
| 2020-05-01 | $879,000 (10.4%) | $1,832,228 (10.2%) | 2.66 | 15,392 |
| 2020-06-01 | $939,000 (17.5%) | $1,969,985 (19.4%) | 2.74 | 15,247 |
| 2020-07-01 | $959,500 (19.7%) | $2,048,055 (23.4%) | 2.75 | 14,680 |
| 2020-08-01 | $974,000 (20.9%) | $2,044,766 (21.5%) | 2.78 | 14,472 |
| 2020-09-01 | $987,495 (22.1%) | $2,130,769 (24.4%) | 2.82 | 14,657 |
| 2020-10-01 | $985,000 (21.0%) | $2,137,090 (23.6%) | 2.81 | 14,901 |
| 2020-11-01 | $997,000 (24.6%) | $2,208,662 (24.7%) | 2.85 | 14,544 |
| 2020-12-01 | $999,000 (21.9%) | $2,308,568 (22.8%) | 2.93 | 12,120 |
| 2021-01-01 | $999,000 (21.1%) | $2,398,286 (24.7%) | 2.94 | 10,444 |
| 2021-02-01 | $999,950 (11.4%) | $2,459,500 (20.4%) | 2.88 | 10,081 |
| 2021-03-01 | $999,495 (6.5%) | $2,455,623 (18.5%) | 2.80 | 9,700 |
| 2021-04-01 | $988,750 (14.6%) | $2,369,842 (27.3%) | 2.66 | 9,754 |
| 2021-05-01 | $959,000 (9.1%) | $2,283,691 (24.6%) | 2.52 | 9,755 |
| 2021-06-01 | $955,000 (1.7%) | $2,255,008 (14.5%) | 2.48 | 10,213 |
| 2021-07-01 | $949,500 (-1.0%) | $2,191,399 (7.0%) | 2.47 | 11,049 |
| 2021-08-01 | $899,500 (-7.7%) | $2,110,119 (3.2%) | 2.36 | 11,229 |
| 2021-09-01 | $899,450 (-8.9%) | $2,098,742 (-1.5%) | 2.37 | 10,705 |
| 2021-10-01 | $899,000 (-8.7%) | $2,134,314 (-0.1%) | 2.37 | 10,232 |
| 2021-11-01 | $899,000 (-9.8%) | $2,176,716 (-1.5%) | 2.37 | 9,090 |
| 2021-12-01 | $897,000 (-10.2%) | $2,299,565 (-0.4%) | 2.39 | 7,266 |
| 2022-01-01 | $899,000 (-10.0%) | $2,438,265 (1.7%) | 2.40 | 6,201 |
| 2022-02-01 | $928,500 (-7.2%) | $2,473,989 (0.6%) | 2.37 | 6,616 |
| 2022-03-01 | $949,950 (-5.0%) | $2,411,312 (-1.8%) | 2.35 | 7,081 |
| 2022-04-01 | $950,000 (-3.9%) | $2,321,213 (-2.1%) | 2.24 | 7,695 |
| 2022-05-01 | $972,000 (1.4%) | $2,209,784 (-3.2%) | 2.17 | 10,256 |
| 2022-06-01 | $975,000 (2.1%) | $2,122,610 (-5.9%) | 2.17 | 12,266 |
Los Angeles's median listing price comes in at 217% of the national average.
Los Angeles's average listing price for 2022-06-01 was $2,122,610, a difference of $-132,398 (-5.9%) versus the prior year and $-87,174 versus the prior month.
For the 2022-06-01 period, Los Angeles had 12,266 MLS listings, a difference of 2,010 listings (20%) versus the prior month and 2,053 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 | 48 days | 1,859 sqft |
| 2018-02-01 | 30 days | 1,867 sqft |
| 2018-03-01 | 31 days | 1,881 sqft |
| 2018-04-01 | 32 days | 1,907 sqft |
| 2018-05-01 | 31 days | 1,916 sqft |
| 2018-06-01 | 33 days | 1,909 sqft |
| 2018-07-01 | 36 days | 1,899 sqft |
| 2018-08-01 | 37 days | 1,851 sqft |
| 2018-09-01 | 40 days | 1,822 sqft |
| 2018-10-01 | 41 days | 1,799 sqft |
| 2018-11-01 | 45 days | 1,777 sqft |
| 2018-12-01 | 54 days | 1,759 sqft |
| 2019-01-01 | 57 days | 1,751 sqft |
| 2019-02-01 | 41 days | 1,758 sqft |
| 2019-03-01 | 45 days | 1,796 sqft |
| 2019-04-01 | 43 days | 1,833 sqft |
| 2019-05-01 | 43 days | 1,863 sqft |
| 2019-06-01 | 45 days | 1,879 sqft |
| 2019-07-01 | 47 days | 1,894 sqft |
| 2019-08-01 | 47 days | 1,884 sqft |
| 2019-09-01 | 52 days | 1,873 sqft |
| 2019-10-01 | 51 days | 1,870 sqft |
| 2019-11-01 | 53 days | 1,864 sqft |
| 2019-12-01 | 62 days | 1,865 sqft |
| 2020-01-01 | 65 days | 1,865 sqft |
| 2020-02-01 | 38 days | 1,933 sqft |
| 2020-03-01 | 38 days | 1,965 sqft |
| 2020-04-01 | 46 days | 1,853 sqft |
| 2020-05-01 | 56 days | 1,864 sqft |
| 2020-06-01 | 43 days | 1,905 sqft |
| 2020-07-01 | 41 days | 1,911 sqft |
| 2020-08-01 | 39 days | 1,892 sqft |
| 2020-09-01 | 36 days | 1,896 sqft |
| 2020-10-01 | 36 days | 1,884 sqft |
| 2020-11-01 | 43 days | 1,868 sqft |
| 2020-12-01 | 51 days | 1,861 sqft |
| 2021-01-01 | 54 days | 1,855 sqft |
| 2021-02-01 | 36 days | 1,846 sqft |
| 2021-03-01 | 33 days | 1,853 sqft |
| 2021-04-01 | 33 days | 1,845 sqft |
| 2021-05-01 | 34 days | 1,808 sqft |
| 2021-06-01 | 33 days | 1,797 sqft |
| 2021-07-01 | 33 days | 1,768 sqft |
| 2021-08-01 | 33 days | 1,735 sqft |
| 2021-09-01 | 36 days | 1,729 sqft |
| 2021-10-01 | 36 days | 1,724 sqft |
| 2021-11-01 | 40 days | 1,725 sqft |
| 2021-12-01 | 45 days | 1,725 sqft |
| 2022-01-01 | 44 days | 1,706 sqft |
| 2022-02-01 | 29 days | 1,711 sqft |
| 2022-03-01 | 28 days | 1,730 sqft |
| 2022-04-01 | 28 days | 1,744 sqft |
| 2022-05-01 | 25 days | 1,740 sqft |
| 2022-06-01 | 29 days | 1,747 sqft |
Los Angeles's median square footage for active listings during the 2022-06-01 period was 1,747 sqft. One year prior, the average listing was 1,797 sqft.
