Madera USDA Loan Rates, Closing Costs & Stats

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 9 lenders originated 11 USDA loans during 2022. The total origination value was $3,035,000, with an average USDA loan value of $275,909.

Madera USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Madera averaged 6.34% for the week of 2023-09-22, compared to the national average (all USDA variants) of 7.021% for the same period.

Madera's average USDA mortgage closing costs are $7,125.

The average rate for the prior week (2023-09-15) was 6.7% and one month ago for the week of 2023-08-18, the average rate was 6.5%.

The average rate one year ago was 5.53%.

For refis of the same type during the week of 2023-09-22, the average rate was 5.67%.

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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Madera level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
HOME POINT FINANCIAL CORPORATION 2 3.63% $8,854
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 4.44% $9,791
Flagstar Bank, FSB 1 3.05% $8,068
INSPIRE HOME LOANS INC. 1 3.62% $18,690
Paramount Residential Mortgage Group, Inc. 1 6.25% $15,175
S1L, Inc. 1 5.00% $9,395
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.50% $7,558
UNITED WHOLESALE MORTGAGE, LLC 1 5.00% $13,953
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.88% $7,925

The top Madera USDA lender as defined by loan originations is HOME POINT FINANCIAL CORPORATION, with 2 USDA loans originated. Their average total fees are $8,854, which is $937 lower than the next largest lender, PRIMARY RESIDENTIAL MORTGAGE, INC..

The lowest fee Madera USDA lenders (with over 10 loans originated) are .

The lowest rate Madera USDA lenders (with over 10 loans originated) are .


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 $318,000 (9.8%) $420,404 (12.0%) 0.00 431
2018-02-01 $319,500 (7.6%) $418,481 (6.8%) 0.00 428
2018-03-01 $320,000 (10.9%) $423,243 (7.1%) 0.00 444
2018-04-01 $315,000 (5.0%) $416,949 (4.2%) 0.00 472
2018-05-01 $317,625 (1.5%) $421,289 (2.3%) 0.00 486
2018-06-01 $318,500 (3.0%) $424,081 (2.5%) 0.00 507
2018-07-01 $313,750 (-0.4%) $418,158 (-2.9%) 0.00 536
2018-08-01 $309,987 (-3.1%) $412,153 (-1.8%) 0.00 534
2018-09-01 $310,000 (-4.6%) $411,807 (0.9%) 0.00 553
2018-10-01 $313,700 (-2.0%) $397,961 (-1.4%) 0.00 565
2018-11-01 $320,500 (-0.6%) $398,200 (-3.2%) 0.00 580
2018-12-01 $325,000 (3.2%) $401,982 (-3.5%) 0.00 546
2019-01-01 $328,725 (3.4%) $400,671 (-4.7%) 0.00 518
2019-02-01 $325,000 (1.7%) $404,962 (-3.2%) 0.00 501
2019-03-01 $328,300 (2.6%) $432,917 (2.3%) 0.00 498
2019-04-01 $330,798 (5.0%) $419,479 (0.6%) 0.00 506
2019-05-01 $334,950 (5.5%) $429,482 (1.9%) 0.00 501
2019-06-01 $337,000 (5.8%) $449,554 (6.0%) 0.00 513
2019-07-01 $337,000 (7.4%) $429,304 (2.7%) 0.00 526
2019-08-01 $335,727 (8.3%) $423,252 (2.7%) 0.00 534
2019-09-01 $335,318 (8.2%) $422,272 (2.5%) 0.00 541
2019-10-01 $335,000 (6.8%) $423,105 (6.3%) 0.00 537
2019-11-01 $335,000 (4.5%) $429,293 (7.8%) 0.00 498
2019-12-01 $328,250 (1.0%) $423,193 (5.3%) 0.00 484
2020-01-01 $339,000 (3.1%) $421,679 (5.2%) 0.00 429
2020-02-01 $339,475 (4.5%) $427,322 (5.5%) 0.00 417
2020-03-01 $347,000 (5.7%) $437,382 (1.0%) 0.00 445
2020-04-01 $344,500 (4.1%) $426,196 (1.6%) 0.00 447
2020-05-01 $349,500 (4.3%) $440,717 (2.6%) 0.00 425
2020-06-01 $354,900 (5.3%) $457,063 (1.7%) 0.00 361
2020-07-01 $366,950 (8.9%) $479,436 (11.7%) 0.00 316
2020-08-01 $389,450 (16.0%) $499,025 (17.9%) 0.00 271
2020-09-01 $394,500 (17.7%) $519,589 (23.1%) 0.00 270
2020-10-01 $389,000 (16.1%) $531,369 (25.6%) 0.00 248
2020-11-01 $397,450 (18.6%) $559,247 (30.3%) 0.00 251
2020-12-01 $398,200 (21.3%) $566,183 (33.8%) 0.00 217
2021-01-01 $399,950 (18.0%) $595,819 (41.3%) 0.00 190
2021-02-01 $422,000 (24.3%) $631,820 (47.9%) 0.00 158
2021-03-01 $441,375 (27.2%) $637,882 (45.8%) 0.00 163
2021-04-01 $436,200 (26.6%) $614,454 (44.2%) 0.00 169
2021-05-01 $455,000 (30.2%) $618,085 (40.3%) 0.00 180
2021-06-01 $444,250 (25.2%) $608,396 (33.1%) 0.00 193
2021-07-01 $428,000 (16.6%) $577,254 (20.4%) 0.00 231
2021-08-01 $439,370 (12.8%) $576,758 (15.6%) 0.00 251
2021-09-01 $441,950 (12.0%) $573,378 (10.4%) 0.00 281
2021-10-01 $459,000 (18.0%) $614,898 (15.7%) 0.00 266
2021-11-01 $471,978 (18.8%) $623,215 (11.4%) 0.00 260
2021-12-01 $470,000 (18.0%) $654,131 (15.5%) 0.00 231
2022-01-01 $490,000 (22.5%) $668,145 (12.1%) 0.00 194
2022-02-01 $467,500 (10.8%) $655,066 (3.7%) 0.00 191
2022-03-01 $487,000 (10.3%) $705,189 (10.6%) 0.00 192
2022-04-01 $495,000 (13.5%) $726,862 (18.3%) 0.00 206
2022-05-01 $508,675 (11.8%) $696,324 (12.7%) 0.00 243
2022-06-01 $499,500 (12.4%) $652,583 (7.3%) 0.00 283
2022-07-01 $494,494 (15.5%) $645,228 (11.8%) 0.00 352
2022-08-01 $477,450 (8.7%) $612,210 (6.2%) 0.00 366
2022-09-01 $491,000 (11.1%) $614,272 (7.1%) 0.00 373
2022-10-01 $475,000 (3.5%) $595,593 (-3.1%) 0.00 422
2022-11-01 $469,000 (-0.6%) $588,361 (-5.6%) 0.00 407
2022-12-01 $469,700 (-0.1%) $589,643 (-9.9%) 0.00 367
2023-01-01 $469,000 (-4.3%) $587,792 (-12.0%) 0.00 327
2023-02-01 $472,250 (1.0%) $603,692 (-7.8%) 0.00 314
2023-03-01 $465,875 (-4.3%) $588,436 (-16.6%) 0.00 297
2023-04-01 $484,360 (-2.2%) $627,432 (-13.7%) 0.00 294
2023-05-01 $485,504 (-4.6%) $628,017 (-9.8%) 0.00 324
2023-06-01 $488,915 (-2.1%) $637,722 (-2.3%) 0.00 316
2023-07-01 $501,053 (1.3%) $669,525 (3.8%) 0.00 300
2023-08-01 $518,100 (8.5%) $684,599 (11.8%) 0.00 361
Madera's median listing price for 2023-08-01 was $518,100, a difference of $40,650 (8.5%) versus the prior year and $17,047 versus the prior month.

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

Madera's average listing price for 2023-08-01 was $684,599, a difference of $72,389 (11.8%) versus the prior year and $15,074 versus the prior month.

For the 2023-08-01 period, Madera had 361 MLS listings, a difference of 61 listings (20%) versus the prior month and -5 listings (-1%) 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 1,988 sqft
2018-02-01 0 days 1,929 sqft
2018-03-01 0 days 2,000 sqft
2018-04-01 0 days 1,961 sqft
2018-05-01 0 days 1,979 sqft
2018-06-01 0 days 1,951 sqft
2018-07-01 0 days 1,925 sqft
2018-08-01 0 days 1,947 sqft
2018-09-01 0 days 1,929 sqft
2018-10-01 0 days 1,908 sqft
2018-11-01 0 days 1,919 sqft
2018-12-01 0 days 1,920 sqft
2019-01-01 0 days 1,945 sqft
2019-02-01 0 days 1,951 sqft
2019-03-01 0 days 1,927 sqft
2019-04-01 0 days 1,927 sqft
2019-05-01 0 days 1,952 sqft
2019-06-01 0 days 1,976 sqft
2019-07-01 0 days 1,953 sqft
2019-08-01 0 days 1,953 sqft
2019-09-01 0 days 1,952 sqft
2019-10-01 0 days 1,952 sqft
2019-11-01 0 days 1,952 sqft
2019-12-01 0 days 1,900 sqft
2020-01-01 0 days 1,917 sqft
2020-02-01 0 days 1,952 sqft
2020-03-01 0 days 1,956 sqft
2020-04-01 0 days 1,957 sqft
2020-05-01 0 days 1,988 sqft
2020-06-01 0 days 2,040 sqft
2020-07-01 0 days 2,021 sqft
2020-08-01 0 days 2,100 sqft
2020-09-01 0 days 2,112 sqft
2020-10-01 0 days 2,024 sqft
2020-11-01 0 days 2,065 sqft
2020-12-01 0 days 2,016 sqft
2021-01-01 0 days 2,079 sqft
2021-02-01 0 days 2,073 sqft
2021-03-01 0 days 2,144 sqft
2021-04-01 0 days 2,022 sqft
2021-05-01 0 days 2,040 sqft
2021-06-01 0 days 1,940 sqft
2021-07-01 0 days 1,909 sqft
2021-08-01 0 days 1,941 sqft
2021-09-01 0 days 2,011 sqft
2021-10-01 0 days 2,034 sqft
2021-11-01 0 days 2,067 sqft
2021-12-01 0 days 2,045 sqft
2022-01-01 0 days 2,098 sqft
2022-02-01 0 days 2,075 sqft
2022-03-01 0 days 1,996 sqft
2022-04-01 0 days 2,026 sqft
2022-05-01 0 days 2,011 sqft
2022-06-01 0 days 2,024 sqft
2022-07-01 0 days 1,997 sqft
2022-08-01 0 days 1,940 sqft
2022-09-01 0 days 1,984 sqft
2022-10-01 0 days 1,953 sqft
2022-11-01 0 days 1,959 sqft
2022-12-01 0 days 1,937 sqft
2023-01-01 0 days 1,904 sqft
2023-02-01 0 days 1,981 sqft
2023-03-01 0 days 1,958 sqft
2023-04-01 0 days 2,023 sqft
2023-05-01 0 days 1,970 sqft
2023-06-01 0 days 1,973 sqft
2023-07-01 0 days 2,020 sqft
2023-08-01 0 days 2,064 sqft
Madera's median listing age (time on market) for 2023-08-01 was 0 days.

Madera's median square footage for active listings during the 2023-08-01 period was 2,064 sqft. One year prior, the average listing was 1,940 sqft.