Phoenix USDA Loan Rates, Closing Costs & Stats

PHOENIX-MESA-CHANDLER, AZ

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    • 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.

    Phoenix's 36 lenders originated 131 USDA loans during 2024. The total origination value was $37,125,000, with an average USDA loan value of $283,397.

    Phoenix USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Phoenix averaged 6.3% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

    Phoenix's average USDA mortgage closing costs are $6,660.

    The average rate for the prior week (2025-03-28) was 6.46% and one month ago for the week of 2025-02-28, the average rate was 6.41%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.29%.

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

    Phoenix 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 Phoenix level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    VELOCIO MORTGAGE L.L.C. 18 4.08% $11,709
    GENEVA FINANCIAL, LLC 12 6.09% $14,031
    EAGLE HOME MORTGAGE, LLC 10 4.62% $8,184
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.33% $8,765
    INSPIRE HOME LOANS INC. 8 5.41% $7,374
    NOVA FINANCIAL & INVESTMENT CORPORATION 7 6.02% $5,023
    DHI MORTGAGE COMPANY, LTD. 6 4.87% $7,078
    UNITED WHOLESALE MORTGAGE, LLC 5 5.67% $8,789
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.59% $9,226
    GUILD MORTGAGE COMPANY 4 5.81% $10,927
    LOANDEPOT.COM, LLC 4 6.63% $8,076
    NEWREZ LLC 4 5.72% $10,080
    Paramount Residential Mortgage Group, Inc. 3 6.88% $8,148
    UNION HOME MORTGAGE CORP. 3 5.71% $10,561
    Waterstone Mortgage Corporation 3 6.04% $8,158
    PLAZA HOME MORTGAGE, INC. 3 5.96% $9,106
    Equity Prime Mortgage LLC 3 6.79% $11,283
    STARBOARD FINANCIAL MANAGEMENT, LLC 2 5.88% $12,020
    Sierra Pacific Mortgage Company, Inc. 2 5.94% $8,700
    INTERLINC MORTGAGE SERVICES, LLC 2 6.31% $4,655
    KBHS HOME LOANS, LLC 2 5.56% $11,649
    V.I.P. MORTGAGE, INC. 2 6.31% $9,231
    Nations Lending Corporation 1 5.75% $5,722
    BAY EQUITY LLC 1 6.13% $14,372
    Century Mortgage Company DBA Century Lending Company 1 7.13% $5,271
    CMG MORTGAGE, INC. 1 4.99% $13,846
    GUARANTEED RATE, INC. 1 6.25% $10,582
    MICHIGAN MUTUAL, INC. 1 5.63% $3,047
    MOVEMENT MORTGAGE, LLC 1 6.75% $9,692
    ALTITUDE FINANCIAL CORPORATION 1 6.13% $2,424
    Plains Commerce Bank 1 5.88% $13,688
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.13% $10,600
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $10,976
    Sunflower Bank 1 6.13% $10,739
    The Loan Store, Inc. 1 6.99% $14,053
    TOWNE MORTGAGE COMPANY 1 5.75% $12,442

    The top Phoenix USDA lender as defined by loan originations is VELOCIO MORTGAGE L.L.C., with 18 USDA loans originated. Their average total fees are $11,709, which is $2,322 lower than the next largest lender, GENEVA FINANCIAL, LLC.

    The lowest fee Phoenix USDA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($8,184), VELOCIO MORTGAGE L.L.C. ($11,709), GENEVA FINANCIAL, LLC ($14,031), .

    The lowest rate Phoenix USDA lenders (with over 10 loans originated) are VELOCIO MORTGAGE L.L.C. (4.08%), EAGLE HOME MORTGAGE, LLC (4.62%), GENEVA FINANCIAL, LLC (6.09%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Phoenix (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 $339,700 (6.2%) $582,555 (9.2%) 1.26 16,039
    2018-02-01 $349,950 (7.0%) $596,649 (9.1%) 1.27 15,903
    2018-03-01 $364,900 (8.3%) $614,627 (9.8%) 1.28 15,659
    2018-04-01 $364,900 (5.0%) $615,554 (7.8%) 1.24 15,587
    2018-05-01 $364,450 (4.5%) $606,926 (6.8%) 1.22 15,052
    2018-06-01 $359,000 (5.6%) $589,354 (5.6%) 1.20 14,600
    2018-07-01 $349,900 (4.5%) $562,408 (4.7%) 1.17 14,195
    2018-08-01 $344,750 (4.5%) $549,394 (4.1%) 1.15 14,586
    2018-09-01 $345,000 (4.6%) $548,169 (3.2%) 1.16 14,741
    2018-10-01 $340,099 (3.1%) $552,484 (2.2%) 1.15 16,145
    2018-11-01 $342,200 (3.7%) $568,839 (3.1%) 1.16 16,969
    2018-12-01 $344,828 (3.0%) $575,150 (1.1%) 1.19 16,740
    2019-01-01 $347,945 (2.4%) $582,810 (0.0%) 1.20 17,302
    2019-02-01 $349,900 (0.0%) $587,222 (-1.6%) 1.18 17,881
    2019-03-01 $361,329 (-1.0%) $601,751 (-2.1%) 1.18 17,408
    2019-04-01 $371,350 (1.8%) $615,009 (-0.1%) 1.18 16,851
    2019-05-01 $374,600 (2.8%) $618,035 (1.8%) 1.17 15,912
    2019-06-01 $380,000 (5.9%) $626,571 (6.3%) 1.19 14,609
    2019-07-01 $382,718 (9.4%) $624,810 (11.1%) 1.20 13,213
    2019-08-01 $384,726 (11.6%) $628,035 (14.3%) 1.22 12,657
    2019-09-01 $384,314 (11.4%) $631,550 (15.2%) 1.23 12,831
    2019-10-01 $384,040 (12.9%) $637,613 (15.4%) 1.24 13,010
    2019-11-01 $383,990 (12.2%) $643,313 (13.1%) 1.26 12,979
    2019-12-01 $379,985 (10.2%) $659,909 (14.7%) 1.27 11,901
    2020-01-01 $392,271 (12.7%) $681,213 (16.9%) 1.31 11,210
    2020-02-01 $399,900 (14.3%) $697,420 (18.8%) 1.31 10,355
    2020-03-01 $404,250 (11.9%) $698,677 (16.1%) 1.27 10,125
    2020-04-01 $375,000 (1.0%) $621,441 (1.1%) 1.17 12,653
    2020-05-01 $385,000 (2.8%) $643,214 (4.1%) 1.17 11,854
    2020-06-01 $430,250 (13.2%) $747,597 (19.3%) 1.27 8,792
    2020-07-01 $448,990 (17.3%) $784,018 (25.5%) 1.30 7,385
    2020-08-01 $444,000 (15.4%) $775,735 (23.5%) 1.27 7,164
    2020-09-01 $436,316 (13.5%) $773,580 (22.5%) 1.25 7,350
    2020-10-01 $435,000 (13.3%) $771,914 (21.1%) 1.25 7,634
    2020-11-01 $417,000 (8.6%) $746,915 (16.1%) 1.22 7,217
    2020-12-01 $408,500 (7.5%) $736,242 (11.6%) 1.21 5,981
    2021-01-01 $414,990 (5.8%) $773,440 (13.5%) 1.24 4,956
    2021-02-01 $413,200 (3.3%) $800,131 (14.7%) 1.20 4,020
    2021-03-01 $420,000 (3.9%) $800,208 (14.5%) 1.19 3,917
    2021-04-01 $427,995 (14.1%) $807,172 (29.9%) 1.16 4,155
    2021-05-01 $450,000 (16.9%) $817,230 (27.1%) 1.20 4,276
    2021-06-01 $460,000 (6.9%) $801,914 (7.3%) 1.21 4,874
    2021-07-01 $475,000 (5.8%) $773,251 (-1.4%) 1.25 5,624
    2021-08-01 $475,000 (7.0%) $753,796 (-2.8%) 1.27 6,018
    2021-09-01 $476,950 (9.3%) $747,211 (-3.4%) 1.27 6,238
    2021-10-01 $484,993 (11.5%) $754,423 (-2.3%) 1.29 6,464
    2021-11-01 $482,495 (15.7%) $765,433 (2.5%) 1.29 6,257
    2021-12-01 $487,000 (19.2%) $783,774 (6.5%) 1.32 5,574
    2022-01-01 $499,000 (20.2%) $815,839 (5.5%) 1.35 4,644
    2022-02-01 $499,950 (21.0%) $857,335 (7.2%) 1.30 4,051
    2022-03-01 $500,950 (19.3%) $863,971 (8.0%) 1.25 4,031
    2022-04-01 $525,000 (22.7%) $877,368 (8.7%) 1.25 4,592
    2022-05-01 $549,450 (22.1%) $856,494 (4.8%) 1.26 7,123
    2022-06-01 $547,500 (19.0%) $818,277 (2.0%) 1.22 10,238
    2022-07-01 $525,000 (10.5%) $746,490 (-3.5%) 1.18 14,299
    2022-08-01 $499,950 (5.3%) $709,892 (-5.8%) 1.16 16,371
    2022-09-01 $494,475 (3.7%) $700,557 (-6.2%) 1.16 16,733
    2022-10-01 $485,000 (0.0%) $709,745 (-5.9%) 1.14 17,771
    2022-11-01 $477,000 (-1.1%) $717,213 (-6.3%) 1.15 17,344
    2022-12-01 $474,900 (-2.5%) $721,996 (-7.9%) 1.17 14,789
    2023-01-01 $479,495 (-3.9%) $758,380 (-7.0%) 1.19 13,486
    2023-02-01 $487,000 (-2.6%) $807,832 (-5.8%) 1.18 12,499
    2023-03-01 $499,363 (-0.3%) $845,639 (-2.1%) 1.18 11,470
    2023-04-01 $516,011 (-1.7%) $884,773 (0.8%) 1.20 10,163
    2023-05-01 $529,450 (-3.6%) $916,479 (7.0%) 1.20 9,167
    2023-06-01 $539,945 (-1.4%) $928,373 (13.5%) 1.21 8,599
    2023-07-01 $539,900 (2.8%) $892,859 (19.6%) 1.23 8,231
    2023-08-01 $537,900 (7.6%) $882,651 (24.3%) 1.24 8,700
    2023-09-01 $532,975 (7.8%) $867,195 (23.8%) 1.24 9,335
    2023-10-01 $529,950 (9.3%) $873,986 (23.1%) 1.25 10,817
    2023-11-01 $522,495 (9.5%) $871,422 (21.5%) 1.24 12,019
    2023-12-01 $528,738 (11.3%) $885,493 (22.7%) 1.29 11,376
    2024-01-01 $535,000 (11.6%) $932,357 (22.9%) 1.31 11,448
    2024-02-01 $541,375 (11.2%) $979,452 (21.2%) 1.30 11,966
    2024-03-01 $535,000 (7.1%) $948,147 (12.1%) 1.26 13,423
    2024-04-01 $537,000 (4.1%) $941,628 (6.4%) 1.25 14,984
    2024-05-01 $542,450 (2.5%) $937,043 (2.2%) 1.23 16,526
    2024-06-01 $535,900 (-0.8%) $910,437 (-1.9%) 1.22 13,438
    2024-07-01 $525,000 (-2.8%) $837,532 (-6.2%) 1.20 13,227
    2024-08-01 $515,000 (-4.3%) $801,951 (-9.1%) 1.20 13,074
    2024-09-01 $519,950 (-2.4%) $819,351 (-5.5%) 1.22 13,874
    2024-10-01 $519,950 (-1.9%) $827,076 (-5.4%) 1.22 15,304
    2024-11-01 $515,000 (-1.4%) $838,145 (-3.8%) 1.24 16,062
    2024-12-01 $499,995 (-5.4%) $834,230 (-5.8%) 1.24 15,084
    2025-01-01 $512,450 (-4.2%) $852,502 (-8.6%) 1.28 15,864
    2025-02-01 $515,000 (-4.9%) $870,673 (-11.1%) 1.25 17,387
    2025-03-01 $520,000 (-2.8%) $867,803 (-8.5%) 0.00 18,701
    Phoenix's median listing price for 2025-03-01 was $520,000, a difference of $-15,000 (-2.8%) versus the prior year and $5,000 versus the prior month.

    Phoenix's median listing price comes in at 0% of the national average.

    Phoenix's average listing price for 2025-03-01 was $867,803, a difference of $-80,344 (-8.5%) versus the prior year and $-2,870 versus the prior month.

    For the 2025-03-01 period, Phoenix had 18,701 MLS listings, a difference of 1,314 listings (8%) versus the prior month and 5,278 listings (39%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Phoenix (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 59 days 2,154 sqft
    2018-02-01 44 days 2,190 sqft
    2018-03-01 43 days 2,247 sqft
    2018-04-01 43 days 2,243 sqft
    2018-05-01 43 days 2,245 sqft
    2018-06-01 44 days 2,218 sqft
    2018-07-01 45 days 2,180 sqft
    2018-08-01 46 days 2,160 sqft
    2018-09-01 44 days 2,154 sqft
    2018-10-01 43 days 2,137 sqft
    2018-11-01 44 days 2,137 sqft
    2018-12-01 52 days 2,128 sqft
    2019-01-01 59 days 2,122 sqft
    2019-02-01 47 days 2,132 sqft
    2019-03-01 44 days 2,172 sqft
    2019-04-01 44 days 2,210 sqft
    2019-05-01 46 days 2,214 sqft
    2019-06-01 49 days 2,237 sqft
    2019-07-01 51 days 2,254 sqft
    2019-08-01 48 days 2,251 sqft
    2019-09-01 43 days 2,243 sqft
    2019-10-01 39 days 2,236 sqft
    2019-11-01 44 days 2,215 sqft
    2019-12-01 51 days 2,202 sqft
    2020-01-01 57 days 2,205 sqft
    2020-02-01 44 days 2,216 sqft
    2020-03-01 40 days 2,202 sqft
    2020-04-01 36 days 2,099 sqft
    2020-05-01 49 days 2,119 sqft
    2020-06-01 51 days 2,220 sqft
    2020-07-01 41 days 2,208 sqft
    2020-08-01 30 days 2,163 sqft
    2020-09-01 27 days 2,131 sqft
    2020-10-01 28 days 2,114 sqft
    2020-11-01 37 days 2,029 sqft
    2020-12-01 40 days 1,993 sqft
    2021-01-01 42 days 1,997 sqft
    2021-02-01 34 days 1,982 sqft
    2021-03-01 29 days 1,978 sqft
    2021-04-01 27 days 1,972 sqft
    2021-05-01 27 days 1,993 sqft
    2021-06-01 26 days 1,987 sqft
    2021-07-01 27 days 1,990 sqft
    2021-08-01 28 days 2,005 sqft
    2021-09-01 30 days 1,989 sqft
    2021-10-01 30 days 2,002 sqft
    2021-11-01 33 days 2,002 sqft
    2021-12-01 36 days 1,993 sqft
    2022-01-01 37 days 1,990 sqft
    2022-02-01 28 days 1,980 sqft
    2022-03-01 28 days 1,941 sqft
    2022-04-01 24 days 1,963 sqft
    2022-05-01 22 days 1,977 sqft
    2022-06-01 24 days 1,972 sqft
    2022-07-01 30 days 1,942 sqft
    2022-08-01 37 days 1,915 sqft
    2022-09-01 46 days 1,905 sqft
    2022-10-01 51 days 1,908 sqft
    2022-11-01 58 days 1,910 sqft
    2022-12-01 69 days 1,898 sqft
    2023-01-01 74 days 1,918 sqft
    2023-02-01 60 days 1,940 sqft
    2023-03-01 50 days 1,976 sqft
    2023-04-01 50 days 2,010 sqft
    2023-05-01 45 days 2,033 sqft
    2023-06-01 44 days 2,050 sqft
    2023-07-01 45 days 2,039 sqft
    2023-08-01 45 days 2,034 sqft
    2023-09-01 39 days 2,022 sqft
    2023-10-01 37 days 2,012 sqft
    2023-11-01 40 days 1,985 sqft
    2023-12-01 53 days 2,029 sqft
    2024-01-01 60 days 2,042 sqft
    2024-02-01 45 days 2,049 sqft
    2024-03-01 49 days 2,032 sqft
    2024-04-01 55 days 2,036 sqft
    2024-05-01 61 days 2,045 sqft
    2024-06-01 66 days 2,040 sqft
    2024-07-01 54 days 2,001 sqft
    2024-08-01 57 days 1,983 sqft
    2024-09-01 56 days 1,991 sqft
    2024-10-01 50 days 1,972 sqft
    2024-11-01 54 days 1,963 sqft
    2024-12-01 66 days 1,944 sqft
    2025-01-01 67 days 1,952 sqft
    2025-02-01 56 days 1,962 sqft
    2025-03-01 0 days 1,978 sqft
    Phoenix's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Phoenix's median square footage for active listings during the 2025-03-01 period was 1,978 sqft. One year prior, the average listing was 2,032 sqft.