Modesto USDA Loan Rates, Closing Costs & Stats
MODESTO, 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.
Modesto's 1 lenders originated 1 USDA loans during 2023. The total origination value was $365,000, with an average USDA loan value of $365,000.
Modesto USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Modesto
averaged
6.2%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Modesto's average USDA mortgage closing costs are $8,305.
The average rate for the prior week (2024-12-06) was
6.44% and
one month ago for the week of 2024-11-08, the
average rate was 6.25%.
The average rate one year ago was 6.62%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.45%.
Modesto 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 Modesto level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.00% | $8,465 |
The lowest fee Modesto USDA lenders (with over 10 loans originated) are
.
The lowest rate Modesto USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Modesto (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 | $346,500 (14.6%) | $435,301 (9.6%) | 1.28 | 643 |
| 2018-02-01 | $346,875 (11.9%) | $423,147 (4.2%) | 1.26 | 681 |
| 2018-03-01 | $353,000 (10.8%) | $449,092 (10.6%) | 1.24 | 722 |
| 2018-04-01 | $359,500 (10.6%) | $454,420 (10.9%) | 1.22 | 753 |
| 2018-05-01 | $364,950 (10.8%) | $450,889 (9.2%) | 1.22 | 842 |
| 2018-06-01 | $355,000 (6.1%) | $430,577 (4.4%) | 1.18 | 957 |
| 2018-07-01 | $354,900 (7.6%) | $425,911 (2.8%) | 1.19 | 1,005 |
| 2018-08-01 | $350,000 (7.0%) | $423,132 (1.6%) | 1.17 | 1,106 |
| 2018-09-01 | $349,000 (5.8%) | $420,435 (2.2%) | 1.17 | 1,086 |
| 2018-10-01 | $339,913 (3.0%) | $411,327 (0.3%) | 1.15 | 1,102 |
| 2018-11-01 | $339,900 (0.9%) | $416,682 (0.9%) | 1.15 | 1,079 |
| 2018-12-01 | $340,000 (0.0%) | $413,623 (-3.2%) | 1.17 | 1,026 |
| 2019-01-01 | $339,985 (-1.9%) | $413,501 (-5.0%) | 1.17 | 925 |
| 2019-02-01 | $344,611 (-0.7%) | $416,321 (-1.6%) | 1.16 | 887 |
| 2019-03-01 | $356,371 (1.0%) | $426,391 (-5.1%) | 1.17 | 836 |
| 2019-04-01 | $365,000 (1.5%) | $441,712 (-2.8%) | 1.16 | 806 |
| 2019-05-01 | $365,000 (0.0%) | $441,618 (-2.1%) | 1.14 | 865 |
| 2019-06-01 | $369,950 (4.2%) | $456,546 (6.0%) | 1.16 | 879 |
| 2019-07-01 | $374,400 (5.5%) | $463,568 (8.8%) | 1.17 | 851 |
| 2019-08-01 | $375,836 (7.4%) | $461,688 (9.1%) | 1.19 | 870 |
| 2019-09-01 | $369,741 (5.9%) | $448,629 (6.7%) | 1.18 | 897 |
| 2019-10-01 | $367,677 (8.2%) | $441,824 (7.4%) | 1.19 | 886 |
| 2019-11-01 | $369,000 (8.6%) | $438,366 (5.2%) | 1.21 | 794 |
| 2019-12-01 | $368,950 (8.5%) | $449,597 (8.7%) | 1.23 | 640 |
| 2020-01-01 | $372,000 (9.4%) | $452,766 (9.5%) | 1.24 | 575 |
| 2020-02-01 | $375,120 (8.9%) | $474,080 (13.9%) | 1.23 | 538 |
| 2020-03-01 | $389,225 (9.2%) | $473,800 (11.1%) | 1.22 | 610 |
| 2020-04-01 | $377,250 (3.4%) | $456,612 (3.4%) | 1.18 | 667 |
| 2020-05-01 | $377,000 (3.3%) | $465,429 (5.4%) | 1.15 | 661 |
| 2020-06-01 | $392,450 (6.1%) | $479,783 (5.1%) | 1.16 | 486 |
| 2020-07-01 | $402,225 (7.4%) | $529,779 (14.3%) | 1.17 | 411 |
| 2020-08-01 | $419,000 (11.5%) | $547,642 (18.6%) | 1.20 | 356 |
| 2020-09-01 | $417,225 (12.8%) | $536,714 (19.6%) | 1.20 | 374 |
| 2020-10-01 | $418,888 (13.9%) | $550,968 (24.7%) | 1.20 | 399 |
| 2020-11-01 | $422,500 (14.5%) | $556,940 (27.1%) | 1.24 | 410 |
| 2020-12-01 | $431,235 (16.9%) | $589,424 (31.1%) | 1.28 | 354 |
| 2021-01-01 | $439,000 (18.0%) | $619,061 (36.7%) | 1.31 | 299 |
| 2021-02-01 | $429,950 (14.6%) | $622,412 (31.3%) | 1.25 | 265 |
| 2021-03-01 | $443,500 (13.9%) | $639,943 (35.1%) | 1.26 | 267 |
| 2021-04-01 | $445,600 (18.1%) | $609,410 (33.5%) | 1.21 | 299 |
| 2021-05-01 | $449,800 (19.3%) | $614,325 (32.0%) | 1.19 | 320 |
| 2021-06-01 | $448,425 (14.3%) | $598,953 (24.8%) | 1.18 | 379 |
| 2021-07-01 | $449,900 (11.9%) | $584,241 (10.3%) | 1.19 | 451 |
| 2021-08-01 | $460,000 (9.8%) | $580,082 (5.9%) | 1.23 | 495 |
| 2021-09-01 | $464,500 (11.3%) | $569,751 (6.2%) | 1.24 | 481 |
| 2021-10-01 | $472,450 (12.8%) | $579,129 (5.1%) | 1.26 | 526 |
| 2021-11-01 | $482,450 (14.2%) | $591,879 (6.3%) | 1.29 | 467 |
| 2021-12-01 | $481,315 (11.6%) | $597,951 (1.5%) | 1.30 | 352 |
| 2022-01-01 | $479,925 (9.3%) | $600,753 (-3.0%) | 1.30 | 290 |
| 2022-02-01 | $489,500 (13.9%) | $612,804 (-1.5%) | 1.27 | 279 |
| 2022-03-01 | $494,225 (11.4%) | $624,146 (-2.5%) | 1.24 | 291 |
| 2022-04-01 | $499,000 (12.0%) | $630,535 (3.5%) | 1.19 | 337 |
| 2022-05-01 | $499,950 (11.2%) | $639,979 (4.2%) | 1.14 | 475 |
| 2022-06-01 | $494,475 (10.3%) | $598,062 (-0.2%) | 1.10 | 607 |
| 2022-07-01 | $480,000 (6.7%) | $553,414 (-5.3%) | 1.08 | 762 |
| 2022-08-01 | $475,000 (3.3%) | $549,208 (-5.3%) | 1.10 | 824 |
| 2022-09-01 | $472,500 (1.7%) | $544,610 (-4.4%) | 1.10 | 789 |
| 2022-10-01 | $470,000 (-0.5%) | $552,066 (-4.7%) | 1.11 | 743 |
| 2022-11-01 | $472,500 (-2.1%) | $564,609 (-4.6%) | 1.14 | 653 |
| 2022-12-01 | $480,000 (-0.3%) | $588,001 (-1.7%) | 1.19 | 542 |
| 2023-01-01 | $488,871 (1.9%) | $595,593 (-0.9%) | 1.21 | 456 |
| 2023-02-01 | $489,499 (0.0%) | $597,835 (-2.4%) | 1.18 | 417 |
| 2023-03-01 | $499,993 (1.2%) | $610,642 (-2.2%) | 1.18 | 363 |
| 2023-04-01 | $520,000 (4.2%) | $612,746 (-2.8%) | 1.21 | 319 |
| 2023-05-01 | $530,000 (6.0%) | $627,971 (-1.9%) | 1.20 | 322 |
| 2023-06-01 | $531,200 (7.4%) | $619,455 (3.6%) | 1.19 | 358 |
| 2023-07-01 | $522,450 (8.8%) | $612,921 (10.8%) | 1.19 | 414 |
| 2023-08-01 | $516,250 (8.7%) | $624,545 (13.7%) | 1.19 | 441 |
| 2023-09-01 | $504,500 (6.8%) | $624,643 (14.7%) | 1.17 | 448 |
| 2023-10-01 | $519,987 (10.6%) | $628,522 (13.9%) | 1.22 | 488 |
| 2023-11-01 | $499,987 (5.8%) | $618,671 (9.6%) | 1.19 | 505 |
| 2023-12-01 | $509,995 (6.3%) | $628,165 (6.8%) | 1.24 | 460 |
| 2024-01-01 | $522,500 (6.9%) | $625,522 (5.0%) | 1.28 | 416 |
| 2024-02-01 | $525,000 (7.3%) | $622,800 (4.2%) | 1.26 | 385 |
| 2024-03-01 | $519,999 (4.0%) | $625,227 (2.4%) | 1.22 | 448 |
| 2024-04-01 | $529,000 (1.7%) | $635,737 (3.8%) | 1.23 | 496 |
| 2024-05-01 | $535,000 (0.9%) | $628,863 (0.1%) | 1.21 | 539 |
| 2024-06-01 | $530,000 (-0.2%) | $620,549 (0.2%) | 1.19 | 577 |
| 2024-07-01 | $529,923 (1.4%) | $630,957 (2.9%) | 1.21 | 632 |
| 2024-08-01 | $534,999 (3.6%) | $620,420 (-0.7%) | 1.24 | 684 |
| 2024-09-01 | $528,950 (4.9%) | $610,897 (-2.2%) | 1.24 | 698 |
| 2024-10-01 | $524,950 (1.0%) | $612,561 (-2.5%) | 1.24 | 685 |
| 2024-11-01 | $520,000 (4.0%) | $633,218 (2.4%) | 1.25 | 701 |
Modesto's median listing price comes in at 125% of the national average.
Modesto's average listing price for 2024-11-01 was $633,218, a difference of $14,547 (2.4%) versus the prior year and $20,657 versus the prior month.
For the 2024-11-01 period, Modesto had 701 MLS listings, a difference of 16 listings (2%) versus the prior month and 196 listings (39%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Modesto (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 57 days | 1,837 sqft |
| 2018-02-01 | 37 days | 1,778 sqft |
| 2018-03-01 | 35 days | 1,837 sqft |
| 2018-04-01 | 35 days | 1,862 sqft |
| 2018-05-01 | 33 days | 1,870 sqft |
| 2018-06-01 | 34 days | 1,835 sqft |
| 2018-07-01 | 37 days | 1,829 sqft |
| 2018-08-01 | 37 days | 1,810 sqft |
| 2018-09-01 | 38 days | 1,767 sqft |
| 2018-10-01 | 42 days | 1,715 sqft |
| 2018-11-01 | 45 days | 1,704 sqft |
| 2018-12-01 | 54 days | 1,712 sqft |
| 2019-01-01 | 57 days | 1,695 sqft |
| 2019-02-01 | 47 days | 1,713 sqft |
| 2019-03-01 | 42 days | 1,755 sqft |
| 2019-04-01 | 40 days | 1,816 sqft |
| 2019-05-01 | 39 days | 1,813 sqft |
| 2019-06-01 | 39 days | 1,849 sqft |
| 2019-07-01 | 43 days | 1,863 sqft |
| 2019-08-01 | 44 days | 1,865 sqft |
| 2019-09-01 | 43 days | 1,838 sqft |
| 2019-10-01 | 45 days | 1,822 sqft |
| 2019-11-01 | 52 days | 1,844 sqft |
| 2019-12-01 | 65 days | 1,834 sqft |
| 2020-01-01 | 67 days | 1,833 sqft |
| 2020-02-01 | 45 days | 1,856 sqft |
| 2020-03-01 | 35 days | 1,888 sqft |
| 2020-04-01 | 43 days | 1,828 sqft |
| 2020-05-01 | 57 days | 1,853 sqft |
| 2020-06-01 | 63 days | 1,882 sqft |
| 2020-07-01 | 53 days | 1,902 sqft |
| 2020-08-01 | 35 days | 1,948 sqft |
| 2020-09-01 | 32 days | 1,844 sqft |
| 2020-10-01 | 32 days | 1,836 sqft |
| 2020-11-01 | 37 days | 1,851 sqft |
| 2020-12-01 | 42 days | 1,844 sqft |
| 2021-01-01 | 46 days | 1,845 sqft |
| 2021-02-01 | 34 days | 1,788 sqft |
| 2021-03-01 | 32 days | 1,841 sqft |
| 2021-04-01 | 30 days | 1,847 sqft |
| 2021-05-01 | 26 days | 1,789 sqft |
| 2021-06-01 | 25 days | 1,737 sqft |
| 2021-07-01 | 26 days | 1,754 sqft |
| 2021-08-01 | 26 days | 1,790 sqft |
| 2021-09-01 | 30 days | 1,724 sqft |
| 2021-10-01 | 30 days | 1,762 sqft |
| 2021-11-01 | 37 days | 1,745 sqft |
| 2021-12-01 | 42 days | 1,770 sqft |
| 2022-01-01 | 40 days | 1,763 sqft |
| 2022-02-01 | 29 days | 1,739 sqft |
| 2022-03-01 | 26 days | 1,750 sqft |
| 2022-04-01 | 25 days | 1,718 sqft |
| 2022-05-01 | 23 days | 1,755 sqft |
| 2022-06-01 | 25 days | 1,725 sqft |
| 2022-07-01 | 30 days | 1,695 sqft |
| 2022-08-01 | 37 days | 1,663 sqft |
| 2022-09-01 | 44 days | 1,661 sqft |
| 2022-10-01 | 46 days | 1,663 sqft |
| 2022-11-01 | 54 days | 1,662 sqft |
| 2022-12-01 | 64 days | 1,678 sqft |
| 2023-01-01 | 60 days | 1,712 sqft |
| 2023-02-01 | 51 days | 1,737 sqft |
| 2023-03-01 | 40 days | 1,794 sqft |
| 2023-04-01 | 36 days | 1,824 sqft |
| 2023-05-01 | 35 days | 1,822 sqft |
| 2023-06-01 | 32 days | 1,866 sqft |
| 2023-07-01 | 33 days | 1,860 sqft |
| 2023-08-01 | 34 days | 1,832 sqft |
| 2023-09-01 | 37 days | 1,786 sqft |
| 2023-10-01 | 37 days | 1,829 sqft |
| 2023-11-01 | 42 days | 1,787 sqft |
| 2023-12-01 | 49 days | 1,753 sqft |
| 2024-01-01 | 47 days | 1,805 sqft |
| 2024-02-01 | 42 days | 1,809 sqft |
| 2024-03-01 | 33 days | 1,783 sqft |
| 2024-04-01 | 33 days | 1,835 sqft |
| 2024-05-01 | 27 days | 1,796 sqft |
| 2024-06-01 | 32 days | 1,798 sqft |
| 2024-07-01 | 39 days | 1,781 sqft |
| 2024-08-01 | 42 days | 1,798 sqft |
| 2024-09-01 | 43 days | 1,765 sqft |
| 2024-10-01 | 48 days | 1,743 sqft |
| 2024-11-01 | 50 days | 1,730 sqft |
Modesto's median square footage for active listings during the 2024-11-01 period was 1,730 sqft. One year prior, the average listing was 1,787 sqft.