Riverside USDA Loan Rates, Closing Costs & Stats
RIVERSIDE-SAN BERNARDINO-ONTARIO, 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.
Riverside's 18 lenders originated 55 USDA loans during 2023. The total origination value was $15,115,000, with an average USDA loan value of $274,818.
Riverside USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Riverside
averaged
6.46%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Riverside's average USDA mortgage closing costs are $6,709.
The average rate for the prior week (2024-04-12) was
6.31% and
one month ago for the week of 2024-03-15, the
average rate was 6.19%.
The average rate one year ago was 6.03%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.8%.
Riverside 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 Riverside level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| FIRST NATIONS HOME FINANCE CORPORATION | 24 | 6.22% | $9,363 |
| CROSSCOUNTRY MORTGAGE, LLC | 4 | 6.44% | $9,198 |
| Paramount Residential Mortgage Group, Inc. | 4 | 6.50% | $10,614 |
| UNITED WHOLESALE MORTGAGE, LLC | 4 | 5.53% | $13,700 |
| LOANDEPOT.COM, LLC | 2 | 6.25% | $9,858 |
| SUN WEST MORTGAGE COMPANY, INC. | 2 | 5.69% | $15,269 |
| Franklin Loan Corporation | 1 | 6.63% | $15,657 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 6.38% | $13,868 |
| GUARANTEED RATE, INC. | 1 | 5.38% | $8,431 |
| MOUNTAIN WEST FINANCIAL, INC. | 1 | 5.75% | $6,002 |
| OCMBC, INC. | 1 | 5.00% | $25,821 |
| PLAZA HOME MORTGAGE, INC. | 1 | 6.25% | $7,207 |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | 1 | 6.38% | $11,197 |
| AXIA FINANCIAL, LLC | 1 | 6.25% | $9,914 |
| BANC ONE MORTGAGE CORPORATION | 1 | 10.50% | $11,990 |
| Century Mortgage Company DBA Century Lending Company | 1 | 5.99% | $11,521 |
| DIGNIFIED HOME LOANS, LLC | 1 | 6.00% | $12,459 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 5.75% | $8,554 |
The top Riverside USDA lender as defined by loan originations is FIRST NATIONS HOME FINANCE CORPORATION, with
24 USDA loans originated. Their average total fees are
$9,363, which is $165
higher than the next largest lender,
CROSSCOUNTRY MORTGAGE, LLC.
The lowest fee Riverside USDA lenders (with over 10 loans originated) are
FIRST NATIONS HOME FINANCE CORPORATION ($9,363), .
The lowest rate Riverside USDA lenders (with over 10 loans originated) are
FIRST NATIONS HOME FINANCE CORPORATION (6.22%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Riverside (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 | $389,900 (5.6%) | $590,201 (10.2%) | 1.45 | 12,231 |
| 2018-02-01 | $390,000 (5.4%) | $593,269 (8.9%) | 1.42 | 12,607 |
| 2018-03-01 | $399,000 (6.4%) | $599,774 (8.6%) | 1.40 | 12,739 |
| 2018-04-01 | $404,950 (6.9%) | $597,714 (7.8%) | 1.37 | 13,074 |
| 2018-05-01 | $406,389 (5.4%) | $591,178 (5.1%) | 1.36 | 13,709 |
| 2018-06-01 | $409,900 (6.5%) | $579,453 (4.6%) | 1.37 | 14,448 |
| 2018-07-01 | $408,500 (6.1%) | $550,185 (1.8%) | 1.36 | 15,059 |
| 2018-08-01 | $404,563 (6.5%) | $540,644 (1.4%) | 1.36 | 15,332 |
| 2018-09-01 | $400,000 (3.9%) | $531,241 (-1.2%) | 1.34 | 15,768 |
| 2018-10-01 | $399,900 (3.9%) | $538,687 (-1.3%) | 1.35 | 16,273 |
| 2018-11-01 | $399,000 (2.5%) | $546,755 (-2.8%) | 1.35 | 16,609 |
| 2018-12-01 | $399,000 (2.3%) | $555,097 (-4.3%) | 1.38 | 15,901 |
| 2019-01-01 | $399,000 (2.3%) | $564,081 (-4.4%) | 1.38 | 15,165 |
| 2019-02-01 | $399,950 (2.6%) | $573,546 (-3.3%) | 1.35 | 15,138 |
| 2019-03-01 | $407,100 (2.0%) | $578,021 (-3.6%) | 1.33 | 14,858 |
| 2019-04-01 | $410,450 (1.4%) | $580,854 (-2.8%) | 1.30 | 14,697 |
| 2019-05-01 | $418,525 (3.0%) | $580,245 (-1.9%) | 1.31 | 14,914 |
| 2019-06-01 | $419,900 (2.4%) | $571,202 (-1.4%) | 1.31 | 14,797 |
| 2019-07-01 | $419,000 (2.6%) | $555,075 (0.9%) | 1.31 | 14,816 |
| 2019-08-01 | $416,545 (3.0%) | $548,037 (1.4%) | 1.32 | 14,692 |
| 2019-09-01 | $412,864 (3.2%) | $543,046 (2.2%) | 1.32 | 14,473 |
| 2019-10-01 | $410,000 (2.5%) | $540,981 (0.4%) | 1.32 | 14,246 |
| 2019-11-01 | $409,500 (2.6%) | $549,832 (0.6%) | 1.34 | 13,953 |
| 2019-12-01 | $405,000 (1.5%) | $556,913 (0.3%) | 1.35 | 12,483 |
| 2020-01-01 | $407,000 (2.0%) | $568,546 (0.8%) | 1.36 | 11,563 |
| 2020-02-01 | $419,000 (4.8%) | $589,374 (2.8%) | 1.37 | 11,075 |
| 2020-03-01 | $424,950 (4.4%) | $598,575 (3.6%) | 1.33 | 10,596 |
| 2020-04-01 | $419,975 (2.3%) | $576,829 (-0.7%) | 1.32 | 11,064 |
| 2020-05-01 | $427,945 (2.3%) | $588,151 (1.4%) | 1.30 | 10,768 |
| 2020-06-01 | $439,450 (4.7%) | $612,136 (7.2%) | 1.29 | 8,987 |
| 2020-07-01 | $449,950 (7.4%) | $636,810 (14.7%) | 1.30 | 7,390 |
| 2020-08-01 | $459,999 (10.4%) | $653,800 (19.3%) | 1.32 | 6,698 |
| 2020-09-01 | $468,995 (13.6%) | $673,349 (24.0%) | 1.34 | 6,676 |
| 2020-10-01 | $469,999 (14.6%) | $731,634 (35.2%) | 1.35 | 6,752 |
| 2020-11-01 | $475,000 (16.0%) | $693,466 (26.1%) | 1.39 | 6,376 |
| 2020-12-01 | $478,944 (18.3%) | $708,446 (27.2%) | 1.42 | 5,505 |
| 2021-01-01 | $475,000 (16.7%) | $727,615 (28.0%) | 1.42 | 4,611 |
| 2021-02-01 | $482,400 (15.1%) | $730,984 (24.0%) | 1.40 | 3,907 |
| 2021-03-01 | $492,548 (15.9%) | $721,894 (20.6%) | 1.40 | 3,802 |
| 2021-04-01 | $499,900 (19.0%) | $723,756 (25.5%) | 1.35 | 4,034 |
| 2021-05-01 | $520,000 (21.5%) | $732,220 (24.5%) | 1.38 | 4,412 |
| 2021-06-01 | $526,972 (19.9%) | $729,499 (19.2%) | 1.39 | 4,793 |
| 2021-07-01 | $539,000 (19.8%) | $706,704 (11.0%) | 1.42 | 5,699 |
| 2021-08-01 | $539,900 (17.4%) | $697,595 (6.7%) | 1.44 | 6,120 |
| 2021-09-01 | $542,700 (15.7%) | $682,003 (1.3%) | 1.45 | 6,376 |
| 2021-10-01 | $549,000 (16.8%) | $685,667 (-6.3%) | 1.46 | 6,286 |
| 2021-11-01 | $549,700 (15.7%) | $702,543 (1.3%) | 1.47 | 5,754 |
| 2021-12-01 | $549,450 (14.7%) | $738,639 (4.3%) | 1.49 | 4,828 |
| 2022-01-01 | $545,000 (14.7%) | $742,653 (2.1%) | 1.47 | 4,073 |
| 2022-02-01 | $550,000 (14.0%) | $761,166 (4.1%) | 1.43 | 4,145 |
| 2022-03-01 | $573,500 (16.4%) | $777,977 (7.8%) | 1.44 | 4,390 |
| 2022-04-01 | $594,000 (18.8%) | $787,396 (8.8%) | 1.42 | 5,014 |
| 2022-05-01 | $599,000 (15.2%) | $784,521 (7.1%) | 1.37 | 6,826 |
| 2022-06-01 | $599,000 (13.7%) | $767,418 (5.2%) | 1.33 | 8,396 |
| 2022-07-01 | $596,000 (10.6%) | $732,951 (3.7%) | 1.34 | 10,516 |
| 2022-08-01 | $586,166 (8.6%) | $713,214 (2.2%) | 1.36 | 10,886 |
| 2022-09-01 | $579,900 (6.9%) | $704,231 (3.3%) | 1.36 | 11,006 |
| 2022-10-01 | $575,000 (4.7%) | $708,141 (3.3%) | 1.35 | 11,269 |
| 2022-11-01 | $569,000 (3.5%) | $727,251 (3.5%) | 1.37 | 11,193 |
| 2022-12-01 | $564,900 (2.8%) | $729,514 (-1.2%) | 1.39 | 10,046 |
| 2023-01-01 | $560,000 (2.8%) | $742,957 (0.0%) | 1.39 | 8,839 |
| 2023-02-01 | $559,900 (1.8%) | $758,760 (-0.3%) | 1.35 | 8,071 |
| 2023-03-01 | $559,495 (-2.4%) | $767,446 (-1.4%) | 1.32 | 7,511 |
| 2023-04-01 | $569,000 (-4.2%) | $797,970 (1.3%) | 1.32 | 6,787 |
| 2023-05-01 | $580,000 (-3.2%) | $813,166 (3.7%) | 1.32 | 6,740 |
| 2023-06-01 | $580,000 (-3.2%) | $801,327 (4.4%) | 1.30 | 6,878 |
| 2023-07-01 | $585,000 (-1.9%) | $788,260 (7.6%) | 1.33 | 7,306 |
| 2023-08-01 | $575,500 (-1.8%) | $768,714 (7.8%) | 1.32 | 7,614 |
| 2023-09-01 | $579,000 (-0.2%) | $765,590 (8.7%) | 1.35 | 7,856 |
| 2023-10-01 | $580,000 (0.9%) | $775,553 (9.5%) | 1.36 | 8,430 |
| 2023-11-01 | $584,850 (2.8%) | $789,870 (8.6%) | 1.39 | 8,771 |
| 2023-12-01 | $579,000 (2.5%) | $797,720 (9.4%) | 1.41 | 8,338 |
| 2024-01-01 | $585,000 (4.5%) | $818,095 (10.1%) | 1.43 | 7,798 |
| 2024-02-01 | $595,000 (6.3%) | $838,666 (10.5%) | 1.43 | 7,785 |
| 2024-03-01 | $599,000 (7.1%) | $844,558 (10.1%) | 1.41 | 8,073 |
Riverside's median listing price comes in at 141% of the national average.
Riverside's average listing price for 2024-03-01 was $844,558, a difference of $77,112 (10.1%) versus the prior year and $5,892 versus the prior month.
For the 2024-03-01 period, Riverside had 8,073 MLS listings, a difference of 288 listings (4%) versus the prior month and 562 listings (7%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Riverside (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 56 days | 1,990 sqft |
| 2018-02-01 | 43 days | 1,989 sqft |
| 2018-03-01 | 43 days | 2,014 sqft |
| 2018-04-01 | 43 days | 2,038 sqft |
| 2018-05-01 | 40 days | 2,040 sqft |
| 2018-06-01 | 41 days | 2,027 sqft |
| 2018-07-01 | 43 days | 2,010 sqft |
| 2018-08-01 | 45 days | 1,996 sqft |
| 2018-09-01 | 46 days | 1,976 sqft |
| 2018-10-01 | 46 days | 1,956 sqft |
| 2018-11-01 | 48 days | 1,945 sqft |
| 2018-12-01 | 58 days | 1,922 sqft |
| 2019-01-01 | 64 days | 1,932 sqft |
| 2019-02-01 | 54 days | 1,941 sqft |
| 2019-03-01 | 50 days | 1,957 sqft |
| 2019-04-01 | 51 days | 1,971 sqft |
| 2019-05-01 | 50 days | 1,988 sqft |
| 2019-06-01 | 52 days | 1,995 sqft |
| 2019-07-01 | 53 days | 1,995 sqft |
| 2019-08-01 | 53 days | 1,982 sqft |
| 2019-09-01 | 54 days | 1,965 sqft |
| 2019-10-01 | 55 days | 1,953 sqft |
| 2019-11-01 | 57 days | 1,950 sqft |
| 2019-12-01 | 66 days | 1,943 sqft |
| 2020-01-01 | 70 days | 1,952 sqft |
| 2020-02-01 | 62 days | 1,967 sqft |
| 2020-03-01 | 52 days | 1,973 sqft |
| 2020-04-01 | 58 days | 1,929 sqft |
| 2020-05-01 | 69 days | 1,949 sqft |
| 2020-06-01 | 67 days | 1,968 sqft |
| 2020-07-01 | 57 days | 1,996 sqft |
| 2020-08-01 | 47 days | 1,997 sqft |
| 2020-09-01 | 44 days | 1,980 sqft |
| 2020-10-01 | 44 days | 1,974 sqft |
| 2020-11-01 | 48 days | 1,964 sqft |
| 2020-12-01 | 57 days | 1,956 sqft |
| 2021-01-01 | 57 days | 1,917 sqft |
| 2021-02-01 | 43 days | 1,889 sqft |
| 2021-03-01 | 35 days | 1,906 sqft |
| 2021-04-01 | 33 days | 1,883 sqft |
| 2021-05-01 | 30 days | 1,883 sqft |
| 2021-06-01 | 31 days | 1,864 sqft |
| 2021-07-01 | 31 days | 1,867 sqft |
| 2021-08-01 | 33 days | 1,872 sqft |
| 2021-09-01 | 36 days | 1,872 sqft |
| 2021-10-01 | 36 days | 1,888 sqft |
| 2021-11-01 | 40 days | 1,899 sqft |
| 2021-12-01 | 45 days | 1,893 sqft |
| 2022-01-01 | 44 days | 1,867 sqft |
| 2022-02-01 | 31 days | 1,853 sqft |
| 2022-03-01 | 30 days | 1,854 sqft |
| 2022-04-01 | 28 days | 1,880 sqft |
| 2022-05-01 | 28 days | 1,894 sqft |
| 2022-06-01 | 32 days | 1,897 sqft |
| 2022-07-01 | 36 days | 1,872 sqft |
| 2022-08-01 | 44 days | 1,864 sqft |
| 2022-09-01 | 50 days | 1,860 sqft |
| 2022-10-01 | 53 days | 1,857 sqft |
| 2022-11-01 | 57 days | 1,849 sqft |
| 2022-12-01 | 66 days | 1,844 sqft |
| 2023-01-01 | 73 days | 1,850 sqft |
| 2023-02-01 | 65 days | 1,842 sqft |
| 2023-03-01 | 54 days | 1,823 sqft |
| 2023-04-01 | 51 days | 1,832 sqft |
| 2023-05-01 | 46 days | 1,843 sqft |
| 2023-06-01 | 44 days | 1,834 sqft |
| 2023-07-01 | 45 days | 1,836 sqft |
| 2023-08-01 | 47 days | 1,812 sqft |
| 2023-09-01 | 49 days | 1,800 sqft |
| 2023-10-01 | 49 days | 1,815 sqft |
| 2023-11-01 | 51 days | 1,829 sqft |
| 2023-12-01 | 59 days | 1,814 sqft |
| 2024-01-01 | 64 days | 1,809 sqft |
| 2024-02-01 | 51 days | 1,822 sqft |
| 2024-03-01 | 47 days | 1,825 sqft |
Riverside's median square footage for active listings during the 2024-03-01 period was 1,825 sqft. One year prior, the average listing was 1,823 sqft.