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%.

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.