Nogales USDA Loan Rates, Closing Costs & Stats

Nogales, AZ

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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%.

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

    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. Louis
    Date 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 for 2023-02-01 was $337,225, a difference of $-107,025 (-24.1%) versus the prior year and $7,250 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2023-02-01 was 0 days.

    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.