Madera USDA Loan Rates, Closing Costs & Stats

MADERA, CA

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    • 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.