Prescott Valley USDA Loan Rates, Closing Costs & Stats

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 12 lenders originated 16 USDA loans during 2022. The total origination value was $5,130,000, with an average USDA loan value of $320,625.

Prescott Valley USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Prescott Valley averaged 6.64% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Prescott Valley's average USDA mortgage closing costs are $6,949.

The average rate for the prior week (2024-02-23) was 6.5% and one month ago for the week of 2024-01-26, the average rate was 6.35%.

The average rate one year ago was 6.22%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.41%.

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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Prescott Valley level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 4.25% $8,737
UNITED WHOLESALE MORTGAGE, LLC 2 4.25% $12,740
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.88% $13,054
NATIONS RELIABLE LENDING, LLC 1 4.00% $10,128
NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.49% $4,240
STARBOARD FINANCIAL MANAGEMENT, LLC 1 3.75% $9,344
UNION HOME MORTGAGE CORP. 1 3.75% $6,266
V.I.P. MORTGAGE, INC. 1 5.25% $16,032
AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.13% $6,631
Wallick & Volk, Inc. 1 3.38% $2,528
Carrington Mortgage Services, LLC 1 4.63% $4,920
Loan Simple, Inc. 1 3.13% $11,644

The top Prescott Valley USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 3 USDA loans originated. Their average total fees are $8,737, which is $4,003 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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 .