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%.

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

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 for 2022-01-01 was $949,000, a difference of $-46,000 (-4.6%) versus the prior year and $-5,000 versus the prior month.

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 listing age (time on market) for 2022-01-01 was 39 days. This is -15% shorter than the same period one year ago.

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.