Los Angeles USDA Loans

LOS ANGELES-LONG BEACH-GLENDALE, 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 56 USDA loans during 2021. The total origination value was $29,680,000, with an average USDA loan value of $530,000.

Los Angeles USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Los Angeles averaged 4.75% for the week of 2022-03-25, compared to the national average (all USDA variants) of 4.554% for the same period.

The average rate for the prior week (2022-03-18) was 4.37% and one month ago for the week of 2022-02-18, the average rate was 3.88%.

The average rate one year ago was 3.17%.

For refis of the same type during the week of 2022-03-25, the average rate was 4.33%.

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 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
Los Angeles's median listing price for 2022-01-01 was $899,000, a difference of $-100,000 (-10.0%) versus the prior year and $2,000 versus the prior month.

Los Angeles's median listing price comes in at 240% of the national average.

Los Angeles's average listing price for 2022-01-01 was $2,438,265, a difference of $39,979 (1.7%) versus the prior year and $138,700 versus the prior month.

For the 2022-01-01 period, Los Angeles had 6,201 MLS listings, a difference of -1,065 listings (-15%) versus the prior month and -4,243 listings (-41%) 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
Los Angeles's median listing age (time on market) for 2022-01-01 was 44 days. This is -19% shorter than the same period one year ago.

Los Angeles's median square footage for active listings during the 2022-01-01 period was 1,706 sqft. One year prior, the average listing was 1,855 sqft.