Oakland USDA Loans
OAKLAND-BERKELEY-LIVERMORE, 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.
Oakland's 3 lenders originated 78 USDA loans during 2021. The total origination value was $64,830,000, with an average USDA loan value of $831,154.
Oakland USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Oakland
averaged
4.44%
for the week of 2022-03-25, compared to the national average (all USDA variants) of
4.554% for the same period.
The average rate for the prior week (2022-03-18) was
4.37% and
one month ago for the week of 2022-02-18, the
average rate was 3.87%.
The average rate one year ago was 3.16%.
For refis of the same type during the week of 2022-03-25, the average rate
was 4.18%.
Oakland USDA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Oakland level.
| Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
|---|---|---|---|
| BROKER SOLUTIONS, INC. | 1 | 2.75% | $11,449 |
| CALIBER HOME LOANS, INC. | 1 | 2.75% | $10,995 |
| LOANDEPOT.COM, LLC | 1 | 2.50% | $11,953 |
The top Oakland USDA lender as defined by loan originations is BROKER SOLUTIONS, INC., with
1 USDA loans originated. Their average total fees are
$11,449, which is $454
higher than the next largest lender,
CALIBER HOME LOANS, INC..
The lowest fee Oakland USDA lenders (with over 10 loans originated) are
.
The lowest rate Oakland USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Oakland (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 | $832,915 (4.3%) | $1,485,691 (14.7%) | 3.07 | 2,454 |
| 2018-02-01 | $894,500 (6.6%) | $1,527,161 (11.4%) | 3.23 | 2,923 |
| 2018-03-01 | $939,000 (5.9%) | $1,557,480 (10.1%) | 3.25 | 3,362 |
| 2018-04-01 | $981,500 (9.7%) | $1,627,669 (10.6%) | 3.29 | 3,858 |
| 2018-05-01 | $992,500 (10.4%) | $1,631,792 (10.6%) | 3.31 | 4,356 |
| 2018-06-01 | $980,000 (8.9%) | $1,586,014 (7.6%) | 3.27 | 4,862 |
| 2018-07-01 | $922,500 (5.4%) | $1,505,141 (5.4%) | 3.08 | 5,230 |
| 2018-08-01 | $889,750 (4.7%) | $1,367,976 (-0.2%) | 2.97 | 5,420 |
| 2018-09-01 | $899,000 (3.9%) | $1,380,708 (-3.8%) | 3.01 | 6,521 |
| 2018-10-01 | $899,000 (1.0%) | $1,390,218 (-7.7%) | 3.01 | 6,733 |
| 2018-11-01 | $887,444 (-0.2%) | $1,454,799 (-4.5%) | 2.98 | 6,398 |
| 2018-12-01 | $849,000 (-2.3%) | $1,321,150 (-14.6%) | 2.91 | 4,585 |
| 2019-01-01 | $822,444 (-1.3%) | $1,281,720 (-13.7%) | 2.84 | 3,911 |
| 2019-02-01 | $878,000 (-1.8%) | $1,392,919 (-8.8%) | 2.94 | 4,470 |
| 2019-03-01 | $905,143 (-3.6%) | $1,481,646 (-4.9%) | 2.95 | 4,885 |
| 2019-04-01 | $938,000 (-4.4%) | $1,523,268 (-6.4%) | 2.95 | 5,273 |
| 2019-05-01 | $952,500 (-4.0%) | $1,495,179 (-8.4%) | 2.94 | 5,904 |
| 2019-06-01 | $949,950 (-3.1%) | $1,469,299 (-7.4%) | 2.92 | 6,445 |
| 2019-07-01 | $927,000 (0.5%) | $1,511,051 (0.4%) | 2.88 | 6,372 |
| 2019-08-01 | $910,657 (2.4%) | $1,486,560 (8.7%) | 2.87 | 6,238 |
| 2019-09-01 | $925,000 (2.9%) | $1,470,599 (6.5%) | 2.94 | 6,177 |
| 2019-10-01 | $946,500 (5.3%) | $1,522,534 (9.5%) | 3.02 | 6,536 |
| 2019-11-01 | $949,950 (7.0%) | $1,628,141 (11.9%) | 3.07 | 5,321 |
| 2019-12-01 | $897,250 (5.7%) | $1,711,252 (29.5%) | 2.99 | 3,202 |
| 2020-01-01 | $893,500 (8.6%) | $1,682,109 (31.2%) | 2.98 | 2,718 |
| 2020-02-01 | $969,950 (10.5%) | $1,703,609 (22.3%) | 3.13 | 3,486 |
| 2020-03-01 | $987,475 (9.1%) | $1,666,066 (12.5%) | 3.09 | 3,860 |
| 2020-04-01 | $950,000 (1.3%) | $1,566,455 (2.8%) | 2.96 | 3,669 |
| 2020-05-01 | $999,000 (4.9%) | $1,631,205 (9.1%) | 3.03 | 4,853 |
| 2020-06-01 | $1,075,000 (13.2%) | $1,673,197 (13.9%) | 3.14 | 5,218 |
| 2020-07-01 | $1,084,000 (16.9%) | $1,688,769 (11.8%) | 3.11 | 5,348 |
| 2020-08-01 | $1,050,000 (15.3%) | $1,693,359 (13.9%) | 3.00 | 5,513 |
| 2020-09-01 | $1,067,444 (15.4%) | $1,710,780 (16.3%) | 3.05 | 5,702 |
| 2020-10-01 | $1,075,000 (13.6%) | $1,704,790 (12.0%) | 3.07 | 6,146 |
| 2020-11-01 | $1,050,000 (10.5%) | $1,687,095 (3.6%) | 3.01 | 5,521 |
| 2020-12-01 | $998,940 (11.3%) | $1,715,364 (0.2%) | 2.93 | 3,965 |
| 2021-01-01 | $995,000 (11.4%) | $1,765,083 (4.9%) | 2.93 | 3,084 |
| 2021-02-01 | $999,997 (3.1%) | $1,783,564 (4.7%) | 2.88 | 3,223 |
| 2021-03-01 | $1,021,500 (3.5%) | $1,869,112 (12.2%) | 2.86 | 3,354 |
| 2021-04-01 | $1,049,500 (10.5%) | $1,871,486 (19.5%) | 2.82 | 3,430 |
| 2021-05-01 | $1,088,000 (8.9%) | $1,891,446 (16.0%) | 2.86 | 3,463 |
| 2021-06-01 | $1,079,000 (0.4%) | $1,809,889 (8.2%) | 2.80 | 3,872 |
| 2021-07-01 | $999,500 (-7.8%) | $1,709,988 (1.3%) | 2.60 | 4,134 |
| 2021-08-01 | $995,000 (-5.2%) | $1,648,041 (-2.7%) | 2.62 | 4,245 |
| 2021-09-01 | $993,500 (-6.9%) | $1,704,806 (-0.4%) | 2.61 | 4,585 |
| 2021-10-01 | $997,000 (-7.3%) | $1,774,651 (4.1%) | 2.62 | 4,575 |
| 2021-11-01 | $984,450 (-6.2%) | $1,795,658 (6.4%) | 2.59 | 3,554 |
| 2021-12-01 | $954,000 (-4.5%) | $1,842,466 (7.4%) | 2.54 | 2,340 |
| 2022-01-01 | $949,000 (-4.6%) | $1,746,953 (-1.0%) | 2.53 | 2,009 |
Oakland's median listing price comes in at 253% of the national average.
Oakland's average listing price for 2022-01-01 was $1,746,953, a difference of $-18,130 (-1.0%) versus the prior year and $-95,513 versus the prior month.
For the 2022-01-01 period, Oakland had 2,009 MLS listings, a difference of -331 listings (-14%) versus the prior month and -1,075 listings (-35%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Oakland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 31 days | 1,710 sqft |
| 2018-02-01 | 19 days | 1,736 sqft |
| 2018-03-01 | 22 days | 1,750 sqft |
| 2018-04-01 | 23 days | 1,781 sqft |
| 2018-05-01 | 21 days | 1,803 sqft |
| 2018-06-01 | 24 days | 1,780 sqft |
| 2018-07-01 | 29 days | 1,735 sqft |
| 2018-08-01 | 29 days | 1,701 sqft |
| 2018-09-01 | 27 days | 1,686 sqft |
| 2018-10-01 | 31 days | 1,687 sqft |
| 2018-11-01 | 37 days | 1,655 sqft |
| 2018-12-01 | 50 days | 1,609 sqft |
| 2019-01-01 | 49 days | 1,595 sqft |
| 2019-02-01 | 27 days | 1,631 sqft |
| 2019-03-01 | 28 days | 1,691 sqft |
| 2019-04-01 | 28 days | 1,757 sqft |
| 2019-05-01 | 28 days | 1,811 sqft |
| 2019-06-01 | 30 days | 1,787 sqft |
| 2019-07-01 | 35 days | 1,740 sqft |
| 2019-08-01 | 36 days | 1,726 sqft |
| 2019-09-01 | 35 days | 1,722 sqft |
| 2019-10-01 | 34 days | 1,706 sqft |
| 2019-11-01 | 42 days | 1,703 sqft |
| 2019-12-01 | 57 days | 1,707 sqft |
| 2020-01-01 | 54 days | 1,680 sqft |
| 2020-02-01 | 18 days | 1,723 sqft |
| 2020-03-01 | 28 days | 1,760 sqft |
| 2020-04-01 | 37 days | 1,764 sqft |
| 2020-05-01 | 33 days | 1,760 sqft |
| 2020-06-01 | 30 days | 1,702 sqft |
| 2020-07-01 | 30 days | 1,625 sqft |
| 2020-08-01 | 31 days | 1,569 sqft |
| 2020-09-01 | 30 days | 1,533 sqft |
| 2020-10-01 | 29 days | 1,525 sqft |
| 2020-11-01 | 40 days | 1,500 sqft |
| 2020-12-01 | 51 days | 1,479 sqft |
| 2021-01-01 | 46 days | 1,454 sqft |
| 2021-02-01 | 28 days | 1,485 sqft |
| 2021-03-01 | 29 days | 1,530 sqft |
| 2021-04-01 | 30 days | 1,548 sqft |
| 2021-05-01 | 28 days | 1,562 sqft |
| 2021-06-01 | 28 days | 1,560 sqft |
| 2021-07-01 | 28 days | 1,546 sqft |
| 2021-08-01 | 29 days | 1,548 sqft |
| 2021-09-01 | 29 days | 1,538 sqft |
| 2021-10-01 | 30 days | 1,514 sqft |
| 2021-11-01 | 38 days | 1,502 sqft |
| 2021-12-01 | 44 days | 1,455 sqft |
| 2022-01-01 | 39 days | 1,423 sqft |
Oakland's median square footage for active listings during the 2022-01-01 period was 1,423 sqft. One year prior, the average listing was 1,454 sqft.
