Madera USDA Loans

MADERA, 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.

Madera's 20 lenders originated 47 USDA loans during 2021. The total origination value was $13,075,000, with an average USDA loan value of $278,191.

Madera USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Madera averaged 5.09% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.33% and one month ago for the week of 2022-04-08, the average rate was 5.09%.

The average rate one year ago was 2.9%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.01%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Madera 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 Madera level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Sierra Pacific Mortgage Company, Inc. 14 2.40% $8,607
HOME POINT FINANCIAL CORPORATION 5 2.63% $6,920
AMERICAN PACIFIC MORTGAGE CORPORATION 4 2.94% $8,126
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.00% $6,263
MLD MORTGAGE INC. 3 2.71% $7,445
PLAZA HOME MORTGAGE, INC. 3 2.71% $6,357
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 2.94% $7,178
Golden Empire Mortgage, Inc. 1 2.75% $7,207
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.75% $8,077
Paramount Residential Mortgage Group, Inc. 1 3.50% $7,965
PREMIER MORTGAGE RESOURCES, L.L.C. 1 2.88% $11,457
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.25% $8,489
S1L, Inc. 1 2.88% $6,331
SUN WEST MORTGAGE COMPANY, INC. 1 2.50% $9,573
BROKER SOLUTIONS, INC. 1 2.25% $6,768
CMG MORTGAGE, INC. 1 2.75% $5,334
Commerce Home Mortgage, Inc. 1 2.75% $7,020
COUNTRY CLUB MORTGAGE, INC. 1 2.38% $6,692
Flagstar Bank, FSB 1 2.36% $7,863
GENEVA FINANCIAL, LLC 1 3.13% $6,865

The top Madera USDA lender as defined by loan originations is Sierra Pacific Mortgage Company, Inc., with 14 USDA loans originated. Their average total fees are $8,607, which is $1,687 higher than the next largest lender, HOME POINT FINANCIAL CORPORATION.

The lowest fee Madera USDA lenders (with over 10 loans originated) are Sierra Pacific Mortgage Company, Inc. ($8,607), .

The lowest rate Madera USDA lenders (with over 10 loans originated) are Sierra Pacific Mortgage Company, Inc. (2.40%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Madera (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 $325,000 (12.5%) $421,884 (11.5%) 0.00 645
2018-02-01 $327,500 (13.4%) $421,235 (9.0%) 0.00 649
2018-03-01 $329,000 (13.8%) $432,468 (11.2%) 0.00 670
2018-04-01 $317,500 (0.8%) $422,469 (4.9%) 0.00 717
2018-05-01 $325,000 (0.8%) $426,709 (3.3%) 0.00 760
2018-06-01 $320,000 (-0.7%) $437,382 (5.3%) 0.00 781
2018-07-01 $322,500 (-0.8%) $431,764 (0.8%) 0.00 843
2018-08-01 $319,500 (-3.2%) $422,785 (-1.0%) 0.00 865
2018-09-01 $319,900 (-3.1%) $422,156 (1.9%) 0.00 887
2018-10-01 $318,875 (-2.0%) $403,644 (-1.7%) 0.00 893
2018-11-01 $322,500 (-0.8%) $403,797 (-2.5%) 0.00 904
2018-12-01 $329,000 (1.3%) $409,087 (-2.7%) 0.00 850
2019-01-01 $329,000 (1.2%) $405,521 (-3.9%) 0.00 798
2019-02-01 $329,000 (0.5%) $417,416 (-0.9%) 0.00 766
2019-03-01 $331,000 (0.6%) $436,775 (1.0%) 0.00 757
2019-04-01 $335,000 (5.5%) $434,757 (2.9%) 0.00 768
2019-05-01 $347,450 (6.9%) $442,372 (3.7%) 0.00 764
2019-06-01 $349,500 (9.2%) $468,038 (7.0%) 0.00 787
2019-07-01 $344,950 (7.0%) $443,780 (2.8%) 0.00 807
2019-08-01 $341,086 (6.8%) $435,465 (3.0%) 0.00 816
2019-09-01 $336,636 (5.2%) $430,475 (2.0%) 0.00 811
2019-10-01 $339,000 (6.3%) $438,846 (8.7%) 0.00 793
2019-11-01 $339,000 (5.1%) $443,555 (9.9%) 0.00 741
2019-12-01 $339,000 (3.0%) $442,121 (8.1%) 0.00 707
2020-01-01 $339,975 (3.3%) $438,034 (8.0%) 0.00 624
2020-02-01 $349,000 (6.1%) $437,689 (4.9%) 0.00 635
2020-03-01 $349,450 (5.6%) $445,700 (2.0%) 0.00 665
2020-04-01 $349,000 (4.2%) $429,882 (-1.1%) 0.00 665
2020-05-01 $349,900 (0.7%) $445,816 (0.8%) 0.00 634
2020-06-01 $363,750 (4.1%) $455,187 (-2.8%) 0.00 543
2020-07-01 $371,000 (7.6%) $480,376 (8.3%) 0.00 469
2020-08-01 $388,000 (13.8%) $495,760 (13.9%) 0.00 403
2020-09-01 $394,950 (17.3%) $522,216 (21.3%) 0.00 399
2020-10-01 $392,000 (15.6%) $531,057 (21.0%) 0.00 369
2020-11-01 $410,000 (20.9%) $563,267 (27.0%) 0.00 378
2020-12-01 $399,250 (17.8%) $562,297 (27.2%) 0.00 319
2021-01-01 $409,900 (20.6%) $585,244 (33.6%) 0.00 279
2021-02-01 $435,450 (24.8%) $618,729 (41.4%) 0.00 234
2021-03-01 $449,500 (28.6%) $636,473 (42.8%) 0.00 236
2021-04-01 $442,450 (26.8%) $605,733 (40.9%) 0.00 240
2021-05-01 $439,900 (25.7%) $593,437 (33.1%) 0.00 251
2021-06-01 $447,375 (23.0%) $580,674 (27.6%) 0.00 271
2021-07-01 $433,000 (16.7%) $565,305 (17.7%) 0.00 332
2021-08-01 $439,000 (13.1%) $559,220 (12.8%) 0.00 372
2021-09-01 $443,920 (12.4%) $562,873 (7.8%) 0.00 420
2021-10-01 $459,000 (17.1%) $584,717 (10.1%) 0.00 385
2021-11-01 $467,000 (13.9%) $607,977 (7.9%) 0.00 376
2021-12-01 $477,000 (19.5%) $648,802 (15.4%) 0.00 324
2022-01-01 $496,000 (21.0%) $661,794 (13.1%) 0.00 278
2022-02-01 $468,955 (7.7%) $648,361 (4.8%) 0.00 270
2022-03-01 $484,945 (7.9%) $675,572 (6.1%) 0.00 278
2022-04-01 $499,000 (12.8%) $705,057 (16.4%) 0.00 304
Madera's median listing price for 2022-04-01 was $499,000, a difference of $56,550 (12.8%) versus the prior year and $14,055 versus the prior month.

Madera's median listing price comes in at 0% of the national average.

Madera's average listing price for 2022-04-01 was $705,057, a difference of $99,324 (16.4%) versus the prior year and $29,485 versus the prior month.

For the 2022-04-01 period, Madera had 304 MLS listings, a difference of 26 listings (9%) versus the prior month and 64 listings (27%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Madera (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,000 sqft
2018-02-01 0 days 1,980 sqft
2018-03-01 0 days 2,017 sqft
2018-04-01 0 days 1,956 sqft
2018-05-01 0 days 1,964 sqft
2018-06-01 0 days 1,953 sqft
2018-07-01 0 days 1,942 sqft
2018-08-01 0 days 1,957 sqft
2018-09-01 0 days 1,947 sqft
2018-10-01 0 days 1,911 sqft
2018-11-01 0 days 1,919 sqft
2018-12-01 0 days 1,920 sqft
2019-01-01 0 days 1,944 sqft
2019-02-01 0 days 1,991 sqft
2019-03-01 0 days 1,961 sqft
2019-04-01 0 days 1,966 sqft
2019-05-01 0 days 2,007 sqft
2019-06-01 0 days 2,008 sqft
2019-07-01 0 days 1,971 sqft
2019-08-01 0 days 1,954 sqft
2019-09-01 0 days 1,939 sqft
2019-10-01 0 days 1,982 sqft
2019-11-01 0 days 1,986 sqft
2019-12-01 0 days 1,936 sqft
2020-01-01 0 days 1,943 sqft
2020-02-01 0 days 1,990 sqft
2020-03-01 0 days 1,970 sqft
2020-04-01 0 days 1,972 sqft
2020-05-01 0 days 1,997 sqft
2020-06-01 0 days 2,078 sqft
2020-07-01 0 days 2,055 sqft
2020-08-01 0 days 2,100 sqft
2020-09-01 0 days 2,122 sqft
2020-10-01 0 days 2,064 sqft
2020-11-01 0 days 2,094 sqft
2020-12-01 0 days 2,019 sqft
2021-01-01 0 days 2,088 sqft
2021-02-01 0 days 2,110 sqft
2021-03-01 0 days 2,181 sqft
2021-04-01 0 days 2,075 sqft
2021-05-01 0 days 2,023 sqft
2021-06-01 0 days 1,947 sqft
2021-07-01 0 days 1,911 sqft
2021-08-01 0 days 1,935 sqft
2021-09-01 0 days 2,011 sqft
2021-10-01 0 days 2,024 sqft
2021-11-01 0 days 2,062 sqft
2021-12-01 0 days 2,046 sqft
2022-01-01 0 days 2,100 sqft
2022-02-01 0 days 2,058 sqft
2022-03-01 0 days 1,998 sqft
2022-04-01 0 days 2,046 sqft
Madera's median listing age (time on market) for 2022-04-01 was 0 days.

Madera's median square footage for active listings during the 2022-04-01 period was 2,046 sqft. One year prior, the average listing was 2,075 sqft.