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%.
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 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 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.
