Prescott Valley USDA Loans

PRESCOTT VALLEY-PRESCOTT, 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.

Prescott Valley's 30 lenders originated 63 USDA loans during 2021. The total origination value was $17,235,000, with an average USDA loan value of $273,571.

Prescott Valley USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Prescott Valley averaged 5.99% for the week of 2022-09-23, compared to the national average (all USDA variants) of 6.08% for the same period.

The average rate for the prior week (2022-09-16) was 6.22% and one month ago for the week of 2022-08-19, the average rate was 5.61%.

The average rate one year ago was 3.14%.

For refis of the same type during the week of 2022-09-23, the average rate was 6.04%.

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

Prescott Valley 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 Prescott Valley level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.09% $7,782
Loan Simple, Inc. 6 2.92% $7,508
LHM FINANCIAL CORPORATION 4 2.78% $7,717
Paramount Residential Mortgage Group, Inc. 4 2.94% $6,568
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.33% $10,016
Wallick & Volk, Inc. 3 2.88% $4,018
HOMEOWNERS FINANCIAL GROUP USA, LLC 3 2.96% $6,481
AMERICAN PACIFIC MORTGAGE CORPORATION 2 2.81% $8,315
Amerifirst Financial, Inc. 2 2.75% $4,454
BAY EQUITY LLC 2 2.81% $7,083
CITYWIDE HOME LOANS, LLC 2 3.56% $6,587
DAS Acquisition Company, LLC 2 3.31% $8,244
HOME POINT FINANCIAL CORPORATION 2 3.13% $6,391
NATIONS RELIABLE LENDING, LLC 2 3.38% $8,680
UNITED WHOLESALE MORTGAGE, LLC 1 2.75% $13,139
LAKEVIEW LOAN SERVICING, LLC 1 2.75% $4,144
CMG MORTGAGE, INC. 1 2.75% $7,790
Carrington Mortgage Services, LLC 1 2.38% $7,699
MORIA DEVELOPMENT, INC. 1 2.88% $6,014
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.25% $6,754
NATIONS DIRECT MORTGAGE, LLC 1 3.75% $5,255
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.75% $7,452
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 4.13% $7,936
PENNYMAC LOAN SERVICES, LLC 1 2.88% $3,675
CANOPY MORTGAGE, LLC 1 2.13% $6,505
STARBOARD FINANCIAL MANAGEMENT, LLC 1 3.13% $6,978
SUN AMERICAN MORTGAGE COMPANY 1 2.88% $6,570
UNION HOME MORTGAGE CORP. 1 2.25% $4,829
GUILD MORTGAGE COMPANY 1 3.13% $6,687
Flagstar Bank, FSB 1 2.50% $4,944

The top Prescott Valley USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 8 USDA loans originated. Their average total fees are $7,782, which is $274 higher than the next largest lender, Loan Simple, Inc..

The lowest fee Prescott Valley USDA lenders (with over 10 loans originated) are .

The lowest rate Prescott Valley USDA lenders (with over 10 loans originated) are .