Nogales USDA Loan Rates, Closing Costs & Stats
Nogales, AZ
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.
Nogales's 17 lenders originated 142 USDA loans during 2021. The total origination value was $26,570,000, with an average USDA loan value of $187,113.
Nogales USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Nogales
averaged
6.77%
for the week of 2023-03-17, compared to the national average (all USDA variants) of
6.497% for the same period.
Nogales's average USDA mortgage closing costs are $3,924.
The average rate for the prior week (2023-03-10) was
6.79% and
one month ago for the week of 2023-02-10, the
average rate was 6.25%.
The average rate one year ago was 4.34%.
For refis of the same type during the week of 2023-03-17, the average rate
was 6.02%.
Nogales 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 Nogales level.
Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Closing Costs |
---|---|---|---|
SUNSTREET MORTGAGE, LLC | 104 | 2.97% | $5,446 |
ALTITUDE FINANCIAL CORPORATION | 11 | 2.86% | $3,656 |
NOVA FINANCIAL & INVESTMENT CORPORATION | 6 | 2.90% | $5,447 |
First American Bank | 3 | 2.54% | $6,457 |
UNITED WHOLESALE MORTGAGE, LLC | 2 | 2.94% | $8,065 |
PENNYMAC LOAN SERVICES, LLC | 2 | 3.06% | $5,483 |
Lend Smart Mortgage, LLC | 2 | 2.75% | $6,666 |
LOANDEPOT.COM, LLC | 2 | 3.25% | $8,415 |
GUILD MORTGAGE COMPANY | 2 | 3.44% | $6,247 |
V.I.P. MORTGAGE, INC. | 1 | 2.75% | $5,896 |
AMCAP MORTGAGE, LTD. | 1 | 3.13% | $9,716 |
BROKER SOLUTIONS, INC. | 1 | 4.00% | $5,533 |
CMG MORTGAGE, INC. | 1 | 2.75% | $5,975 |
GoPrime Mortgage, Inc. | 1 | 2.88% | $7,288 |
GUARANTEED RATE, INC. | 1 | 2.50% | $4,621 |
HOMEBRIDGE FINANCIAL SERVICES, INC. | 1 | 2.75% | $5,099 |
LEADERONE FINANCIAL CORPORATION | 1 | 2.75% | $3,649 |
The top Nogales USDA lender as defined by loan originations is SUNSTREET MORTGAGE, LLC, with
104 USDA loans originated. Their average total fees are
$5,446, which is $1,789
higher than the next largest lender,
ALTITUDE FINANCIAL CORPORATION.
The lowest fee Nogales USDA lenders (with over 10 loans originated) are
ALTITUDE FINANCIAL CORPORATION ($3,656), SUNSTREET MORTGAGE, LLC ($5,446), .
The lowest rate Nogales USDA lenders (with over 10 loans originated) are
ALTITUDE FINANCIAL CORPORATION (2.86%), SUNSTREET MORTGAGE, LLC (2.97%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Nogales (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 | $293,875 (6.3%) | $447,542 (8.8%) | 0.00 | 237 |
2018-02-01 | $322,425 (25.3%) | $494,955 (21.5%) | 0.00 | 240 |
2018-03-01 | $299,000 (8.2%) | $460,061 (9.9%) | 0.00 | 321 |
2018-04-01 | $299,900 (9.1%) | $471,752 (10.3%) | 0.00 | 294 |
2018-05-01 | $301,200 (7.6%) | $493,543 (13.2%) | 0.00 | 254 |
2018-06-01 | $299,900 (2.7%) | $510,073 (12.4%) | 0.00 | 238 |
2018-07-01 | $306,250 (7.6%) | $525,446 (17.1%) | 0.00 | 230 |
2018-08-01 | $304,950 (8.6%) | $511,727 (15.0%) | 0.00 | 242 |
2018-09-01 | $299,900 (7.2%) | $484,159 (9.3%) | 0.00 | 253 |
2018-10-01 | $304,950 (4.7%) | $478,079 (7.8%) | 0.00 | 276 |
2018-11-01 | $321,750 (13.5%) | $512,235 (19.8%) | 0.00 | 265 |
2018-12-01 | $314,500 (10.8%) | $498,011 (16.1%) | 0.00 | 255 |
2019-01-01 | $311,000 (5.8%) | $500,107 (11.8%) | 0.00 | 261 |
2019-02-01 | $310,000 (-3.9%) | $477,703 (-3.5%) | 0.00 | 272 |
2019-03-01 | $331,386 (10.8%) | $497,744 (8.2%) | 0.00 | 259 |
2019-04-01 | $339,950 (13.4%) | $505,903 (7.2%) | 0.00 | 249 |
2019-05-01 | $327,250 (8.7%) | $514,299 (4.2%) | 0.00 | 226 |
2019-06-01 | $325,000 (8.4%) | $505,931 (-0.8%) | 0.00 | 234 |
2019-07-01 | $317,225 (3.6%) | $498,190 (-5.2%) | 0.00 | 242 |
2019-08-01 | $311,727 (2.2%) | $491,145 (-4.0%) | 0.00 | 243 |
2019-09-01 | $306,818 (2.3%) | $469,497 (-3.0%) | 0.00 | 241 |
2019-10-01 | $305,545 (0.2%) | $455,417 (-4.7%) | 0.00 | 239 |
2019-11-01 | $329,000 (2.3%) | $470,494 (-8.2%) | 0.00 | 233 |
2019-12-01 | $328,750 (4.5%) | $467,746 (-6.1%) | 0.00 | 232 |
2020-01-01 | $329,250 (5.9%) | $518,558 (3.7%) | 0.00 | 231 |
2020-02-01 | $360,000 (16.1%) | $553,027 (15.8%) | 0.00 | 213 |
2020-03-01 | $372,225 (12.3%) | $613,389 (23.2%) | 0.00 | 209 |
2020-04-01 | $380,000 (11.8%) | $640,957 (26.7%) | 0.00 | 200 |
2020-05-01 | $376,500 (15.1%) | $651,760 (26.7%) | 0.00 | 189 |
2020-06-01 | $371,250 (14.2%) | $669,182 (32.3%) | 0.00 | 172 |
2020-07-01 | $389,000 (22.6%) | $699,566 (40.4%) | 0.00 | 157 |
2020-08-01 | $399,000 (28.0%) | $714,616 (45.5%) | 0.00 | 139 |
2020-09-01 | $354,000 (15.4%) | $717,126 (52.7%) | 0.00 | 138 |
2020-10-01 | $354,500 (16.0%) | $716,116 (57.2%) | 0.00 | 127 |
2020-11-01 | $393,000 (19.5%) | $743,491 (58.0%) | 0.00 | 122 |
2020-12-01 | $379,500 (15.4%) | $729,912 (56.1%) | 0.00 | 115 |
2021-01-01 | $399,000 (21.2%) | $714,602 (37.8%) | 0.00 | 113 |
2021-02-01 | $392,250 (9.0%) | $709,097 (28.2%) | 0.00 | 105 |
2021-03-01 | $500,128 (34.4%) | $847,986 (38.3%) | 0.00 | 83 |
2021-04-01 | $495,623 (30.4%) | $806,567 (25.8%) | 0.00 | 91 |
2021-05-01 | $499,995 (32.8%) | $834,806 (28.1%) | 0.00 | 82 |
2021-06-01 | $474,450 (27.8%) | $810,036 (21.1%) | 0.00 | 86 |
2021-07-01 | $431,500 (10.9%) | $722,596 (3.3%) | 0.00 | 87 |
2021-08-01 | $437,500 (9.7%) | $702,094 (-1.8%) | 0.00 | 86 |
2021-09-01 | $425,000 (20.1%) | $681,654 (-5.0%) | 0.00 | 93 |
2021-10-01 | $385,000 (8.6%) | $656,672 (-8.3%) | 0.00 | 100 |
2021-11-01 | $364,925 (-7.1%) | $634,667 (-14.6%) | 0.00 | 109 |
2021-12-01 | $393,500 (3.7%) | $645,627 (-11.6%) | 0.00 | 102 |
2022-01-01 | $424,950 (6.5%) | $677,003 (-5.3%) | 0.00 | 101 |
2022-02-01 | $444,250 (13.3%) | $668,032 (-5.8%) | 0.00 | 102 |
2022-03-01 | $451,750 (-9.7%) | $720,421 (-15.0%) | 0.00 | 97 |
2022-04-01 | $385,000 (-22.3%) | $689,487 (-14.5%) | 0.00 | 92 |
2022-05-01 | $386,000 (-22.8%) | $708,969 (-15.1%) | 0.00 | 89 |
2022-06-01 | $388,500 (-18.1%) | $677,869 (-16.3%) | 0.00 | 95 |
2022-07-01 | $382,250 (-11.4%) | $631,613 (-12.6%) | 0.00 | 114 |
2022-08-01 | $354,450 (-19.0%) | $571,658 (-18.6%) | 0.00 | 143 |
2022-09-01 | $349,975 (-17.7%) | $571,860 (-16.1%) | 0.00 | 141 |
2022-10-01 | $350,000 (-9.1%) | $573,454 (-12.7%) | 0.00 | 154 |
2022-11-01 | $347,450 (-4.8%) | $566,097 (-10.8%) | 0.00 | 162 |
2022-12-01 | $329,900 (-16.2%) | $543,713 (-15.8%) | 0.00 | 165 |
2023-01-01 | $329,975 (-22.4%) | $540,077 (-20.2%) | 0.00 | 169 |
2023-02-01 | $337,225 (-24.1%) | $537,429 (-19.6%) | 0.00 | 162 |
Nogales's median listing price comes in at 0% of the national average.
Nogales's average listing price for 2023-02-01 was $537,429, a difference of $-130,603 (-19.6%) versus the prior year and $-2,648 versus the prior month.
For the 2023-02-01 period, Nogales had 162 MLS listings, a difference of -7 listings (-4%) versus the prior month and 60 listings (59%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Nogales (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,211 sqft |
2018-02-01 | 0 days | 2,240 sqft |
2018-03-01 | 0 days | 2,248 sqft |
2018-04-01 | 0 days | 2,330 sqft |
2018-05-01 | 0 days | 2,361 sqft |
2018-06-01 | 0 days | 2,404 sqft |
2018-07-01 | 0 days | 2,393 sqft |
2018-08-01 | 0 days | 2,345 sqft |
2018-09-01 | 0 days | 2,274 sqft |
2018-10-01 | 0 days | 2,258 sqft |
2018-11-01 | 0 days | 2,284 sqft |
2018-12-01 | 0 days | 2,241 sqft |
2019-01-01 | 0 days | 2,239 sqft |
2019-02-01 | 0 days | 2,229 sqft |
2019-03-01 | 0 days | 2,274 sqft |
2019-04-01 | 0 days | 2,280 sqft |
2019-05-01 | 0 days | 2,297 sqft |
2019-06-01 | 0 days | 2,293 sqft |
2019-07-01 | 0 days | 2,282 sqft |
2019-08-01 | 0 days | 2,253 sqft |
2019-09-01 | 0 days | 2,179 sqft |
2019-10-01 | 0 days | 2,129 sqft |
2019-11-01 | 0 days | 2,146 sqft |
2019-12-01 | 0 days | 2,107 sqft |
2020-01-01 | 0 days | 2,145 sqft |
2020-02-01 | 0 days | 2,199 sqft |
2020-03-01 | 0 days | 2,197 sqft |
2020-04-01 | 0 days | 2,173 sqft |
2020-05-01 | 0 days | 2,247 sqft |
2020-06-01 | 0 days | 2,209 sqft |
2020-07-01 | 0 days | 2,364 sqft |
2020-08-01 | 0 days | 2,325 sqft |
2020-09-01 | 0 days | 2,347 sqft |
2020-10-01 | 0 days | 2,194 sqft |
2020-11-01 | 0 days | 2,332 sqft |
2020-12-01 | 0 days | 2,233 sqft |
2021-01-01 | 0 days | 2,231 sqft |
2021-02-01 | 0 days | 2,303 sqft |
2021-03-01 | 0 days | 2,727 sqft |
2021-04-01 | 0 days | 2,588 sqft |
2021-05-01 | 0 days | 2,349 sqft |
2021-06-01 | 0 days | 2,377 sqft |
2021-07-01 | 0 days | 2,337 sqft |
2021-08-01 | 0 days | 2,341 sqft |
2021-09-01 | 0 days | 2,440 sqft |
2021-10-01 | 0 days | 2,249 sqft |
2021-11-01 | 0 days | 2,040 sqft |
2021-12-01 | 0 days | 2,200 sqft |
2022-01-01 | 0 days | 2,292 sqft |
2022-02-01 | 0 days | 2,200 sqft |
2022-03-01 | 0 days | 2,211 sqft |
2022-04-01 | 0 days | 2,185 sqft |
2022-05-01 | 0 days | 2,157 sqft |
2022-06-01 | 0 days | 2,159 sqft |
2022-07-01 | 0 days | 2,082 sqft |
2022-08-01 | 0 days | 2,004 sqft |
2022-09-01 | 0 days | 1,877 sqft |
2022-10-01 | 0 days | 1,915 sqft |
2022-11-01 | 0 days | 1,904 sqft |
2022-12-01 | 0 days | 1,803 sqft |
2023-01-01 | 0 days | 1,782 sqft |
2023-02-01 | 0 days | 1,763 sqft |
Nogales's median square footage for active listings during the 2023-02-01 period was 1,763 sqft. One year prior, the average listing was 2,200 sqft.