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%.
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. LouisDate | 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 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. LouisDate | 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 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.