Modesto USDA Loan Rates, Closing Costs & Stats

MODESTO, 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.

    Modesto's 3 lenders originated 4 USDA loans during 2024. The total origination value was $1,460,000, with an average USDA loan value of $365,000.

    Modesto USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Modesto averaged 6.67% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

    Modesto's average USDA mortgage closing costs are $8,431.

    The average rate for the prior week (2025-05-16) was 6.7% and one month ago for the week of 2025-04-18, the average rate was 6.59%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.35%.

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

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 2 5.81% $12,571
    GUILD MORTGAGE COMPANY 1 5.50% $23,442
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.63% $7,909

    The top Modesto USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 2 USDA loans originated. Their average total fees are $12,571, which is $10,871 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    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 (10.7%) 1.24 722
    2018-04-01 $359,500 (10.6%) $454,420 (11.0%) 1.22 753
    2018-05-01 $364,950 (10.8%) $450,889 (9.3%) 1.22 842
    2018-06-01 $355,000 (6.2%) $430,577 (4.5%) 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%) $416,617 (0.9%) 1.15 1,078
    2018-12-01 $340,000 (0.0%) $413,487 (-3.2%) 1.17 1,025
    2019-01-01 $339,985 (-1.9%) $413,501 (-5.0%) 1.17 925
    2019-02-01 $344,611 (-0.7%) $416,254 (-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%) 1.20 320
    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 $532,438 (7.7%) $620,356 (3.7%) 1.20 359
    2023-07-01 $524,900 (9.4%) $613,757 (10.9%) 1.19 415
    2023-08-01 $517,500 (9.0%) $625,275 (13.9%) 1.19 442
    2023-09-01 $504,629 (6.8%) $625,382 (14.8%) 1.17 449
    2023-10-01 $520,000 (10.6%) $629,180 (14.0%) 1.22 489
    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 $532,000 (0.4%) $628,863 (0.1%) 1.21 539
    2024-06-01 $527,995 (-0.8%) $618,015 (-0.4%) 1.20 578
    2024-07-01 $529,923 (1.0%) $630,957 (2.8%) 1.21 632
    2024-08-01 $534,999 (3.4%) $620,420 (-0.8%) 1.24 684
    2024-09-01 $528,950 (4.8%) $610,897 (-2.3%) 1.24 698
    2024-10-01 $524,950 (1.0%) $612,561 (-2.6%) 1.24 685
    2024-11-01 $520,000 (4.0%) $633,218 (2.4%) 1.25 701
    2024-12-01 $515,000 (1.0%) $641,764 (2.2%) 1.28 585
    2025-01-01 $522,500 (0.0%) $642,233 (2.7%) 1.30 557
    2025-02-01 $516,948 (-1.5%) $632,933 (1.6%) 1.25 623
    2025-03-01 $525,000 (1.0%) $638,085 (2.1%) 1.24 649
    2025-04-01 $525,000 (-0.8%) $628,459 (-1.1%) 1.22 733
    Modesto's median listing price for 2025-04-01 was $525,000, a difference of $-4,000 (-0.8%) versus the prior year and $0 versus the prior month.

    Modesto's median listing price comes in at 122% of the national average.

    Modesto's average listing price for 2025-04-01 was $628,459, a difference of $-7,278 (-1.1%) versus the prior year and $-9,626 versus the prior month.

    For the 2025-04-01 period, Modesto had 733 MLS listings, a difference of 84 listings (13%) versus the prior month and 237 listings (48%) 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 1,863 sqft
    2023-07-01 33 days 1,857 sqft
    2023-08-01 34 days 1,829 sqft
    2023-09-01 37 days 1,783 sqft
    2023-10-01 37 days 1,827 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 30 days 1,795 sqft
    2024-06-01 37 days 1,795 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
    2024-12-01 55 days 1,721 sqft
    2025-01-01 60 days 1,732 sqft
    2025-02-01 36 days 1,729 sqft
    2025-03-01 38 days 1,760 sqft
    2025-04-01 37 days 1,771 sqft
    Modesto's median listing age (time on market) for 2025-04-01 was 37 days. This is 12% longer than the same period one year ago.

    Modesto's median square footage for active listings during the 2025-04-01 period was 1,771 sqft. One year prior, the average listing was 1,835 sqft.