Sacramento USDA Loan Rates, Closing Costs & Stats

SACRAMENTO-ROSEVILLE-FOLSOM, CA

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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.

    Sacramento's 27 lenders originated 80 USDA loans during 2021. The total origination value was $30,770,000, with an average USDA loan value of $384,625.

    Sacramento USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sacramento averaged 0.16% for the week of 2023-01-20, compared to the national average (all USDA variants) of 0% for the same period.

    Sacramento's average USDA mortgage closing costs are $7,480.

    The average rate for the prior week (2023-01-13) was 6% and one month ago for the week of 2022-12-16, the average rate was 6.28%.

    The average rate one year ago was 3.7%.

    For refis of the same type during the week of 2023-01-20, the average rate was -0.14%.

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

    Sacramento 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 Sacramento level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    Sierra Pacific Mortgage Company, Inc. 9 2.75% $6,476
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 6 2.90% $8,455
    HOME POINT FINANCIAL CORPORATION 5 2.57% $7,464
    CALIBER HOME LOANS, INC. 3 2.82% $6,334
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 2.83% $7,694
    FINANCE OF AMERICA MORTGAGE LLC 3 2.96% $6,271
    UNITED WHOLESALE MORTGAGE, LLC 2 3.00% $8,689
    MOVEMENT MORTGAGE, LLC 2 2.63% $7,493
    GUILD MORTGAGE COMPANY 2 2.38% $11,457
    ALAMEDA MORTGAGE CORPORATION 1 3.13% $9,061
    ISERVE RESIDENTIAL LENDING, LLC 1 2.63% $16,236
    LAND HOME FINANCIAL SERVICES, INC. 1 2.25% $8,490
    MID AMERICA MORTGAGE, INC. 1 2.38% $2,618
    NEWREZ LLC 1 2.25% $9,371
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.75% $11,142
    SNAPFI, INC. 1 2.63% $7,485
    SUMMIT FUNDING, INC. 1 2.75% $17,720
    UNION HOME MORTGAGE CORP. 1 2.75% $10,201
    GUARANTEED RATE AFFINITY, LLC 1 2.50% $6,492
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.75% $9,245
    BROKER SOLUTIONS, INC. 1 3.50% $15,064
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.88% $4,671
    Commerce Home Mortgage, Inc. 1 2.75% $8,011
    CROSSCOUNTRY MORTGAGE, LLC 1 2.38% $6,673
    Evolve Bank & Trust 1 2.75% $2,674
    Flagstar Bank, FSB 1 2.63% $4,933
    GENEVA FINANCIAL, LLC 1 2.75% $6,742

    The top Sacramento USDA lender as defined by loan originations is Sierra Pacific Mortgage Company, Inc., with 9 USDA loans originated. Their average total fees are $6,476, which is $1,979 lower than the next largest lender, EVERGREEN MONEYSOURCE MORTGAGE COMPANY.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sacramento (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 $445,630 (1.4%) $657,184 (-1.8%) 1.65 3,470
    2018-02-01 $454,500 (1.0%) $663,867 (-2.7%) 1.65 3,639
    2018-03-01 $467,000 (1.7%) $661,259 (-2.0%) 1.64 3,696
    2018-04-01 $469,950 (0.2%) $667,296 (0.1%) 1.59 4,214
    2018-05-01 $475,000 (0.5%) $661,387 (0.6%) 1.59 4,879
    2018-06-01 $469,900 (-0.8%) $656,751 (-1.1%) 1.57 5,506
    2018-07-01 $464,950 (1.1%) $657,857 (0.3%) 1.55 5,846
    2018-08-01 $459,950 (2.2%) $647,221 (-0.4%) 1.54 6,200
    2018-09-01 $449,999 (0.2%) $632,432 (-0.2%) 1.51 6,413
    2018-10-01 $449,450 (2.3%) $629,941 (1.8%) 1.52 6,265
    2018-11-01 $448,950 (2.1%) $624,030 (-0.1%) 1.52 5,923
    2018-12-01 $449,500 (2.4%) $627,499 (-2.8%) 1.55 5,133
    2019-01-01 $449,975 (1.0%) $639,764 (-2.7%) 1.55 4,390
    2019-02-01 $462,039 (1.7%) $650,504 (-2.0%) 1.56 4,199
    2019-03-01 $476,371 (2.0%) $660,381 (-0.1%) 1.56 4,273
    2019-04-01 $487,000 (3.6%) $662,279 (-0.8%) 1.55 4,491
    2019-05-01 $492,500 (3.7%) $661,524 (0.0%) 1.54 5,146
    2019-06-01 $502,163 (6.9%) $684,750 (4.3%) 1.57 5,591
    2019-07-01 $499,353 (7.4%) $679,487 (3.3%) 1.56 5,844
    2019-08-01 $495,695 (7.8%) $678,338 (4.8%) 1.57 5,801
    2019-09-01 $489,679 (8.8%) $676,531 (7.0%) 1.57 5,689
    2019-10-01 $485,668 (8.1%) $676,974 (7.5%) 1.57 5,530
    2019-11-01 $488,250 (8.8%) $685,683 (9.9%) 1.60 4,834
    2019-12-01 $495,000 (10.1%) $764,052 (21.8%) 1.65 3,686
    2020-01-01 $492,475 (9.4%) $706,407 (10.4%) 1.65 3,267
    2020-02-01 $499,000 (8.0%) $711,691 (9.4%) 1.63 3,243
    2020-03-01 $507,000 (6.4%) $691,934 (4.8%) 1.59 3,553
    2020-04-01 $499,132 (2.5%) $676,746 (2.2%) 1.56 3,985
    2020-05-01 $507,989 (3.1%) $695,034 (5.1%) 1.54 4,194
    2020-06-01 $517,000 (3.0%) $703,092 (2.7%) 1.52 3,947
    2020-07-01 $525,000 (5.1%) $720,256 (6.0%) 1.52 3,337
    2020-08-01 $525,000 (5.9%) $754,697 (11.3%) 1.50 2,951
    2020-09-01 $539,950 (10.3%) $842,337 (24.5%) 1.55 2,939
    2020-10-01 $545,000 (12.2%) $808,631 (19.5%) 1.56 2,897
    2020-11-01 $551,940 (13.0%) $850,301 (24.0%) 1.61 2,562
    2020-12-01 $549,000 (10.9%) $886,782 (16.1%) 1.63 1,999
    2021-01-01 $567,000 (15.1%) $960,346 (36.0%) 1.69 1,583
    2021-02-01 $550,000 (10.2%) $949,396 (33.4%) 1.60 1,569
    2021-03-01 $547,450 (8.0%) $907,021 (31.1%) 1.55 1,682
    2021-04-01 $574,725 (15.1%) $932,006 (37.7%) 1.56 1,888
    2021-05-01 $585,010 (15.2%) $890,889 (28.2%) 1.55 2,018
    2021-06-01 $593,500 (14.8%) $868,951 (23.6%) 1.56 2,348
    2021-07-01 $595,888 (13.5%) $859,665 (19.4%) 1.57 2,781
    2021-08-01 $585,725 (11.6%) $859,589 (13.9%) 1.56 2,958
    2021-09-01 $589,000 (9.1%) $860,191 (2.1%) 1.57 2,955
    2021-10-01 $594,200 (9.0%) $872,881 (8.0%) 1.58 2,928
    2021-11-01 $592,498 (7.4%) $907,524 (6.7%) 1.58 2,400
    2021-12-01 $597,000 (8.7%) $926,203 (4.5%) 1.62 1,768
    2022-01-01 $619,900 (9.3%) $943,888 (-1.7%) 1.68 1,477
    2022-02-01 $628,250 (14.2%) $938,006 (-1.2%) 1.63 1,533
    2022-03-01 $629,500 (15.0%) $902,729 (-0.5%) 1.58 1,768
    2022-04-01 $649,000 (12.9%) $898,999 (-3.5%) 1.55 2,107
    2022-05-01 $649,498 (11.0%) $905,885 (1.7%) 1.48 3,073
    2022-06-01 $643,322 (8.4%) $885,673 (1.9%) 1.43 3,805
    2022-07-01 $629,900 (5.7%) $885,948 (3.1%) 1.43 4,655
    2022-08-01 $614,800 (5.0%) $912,423 (6.2%) 1.42 4,757
    2022-09-01 $600,000 (1.9%) $854,119 (-0.7%) 1.40 4,476
    2022-10-01 $599,000 (0.8%) $835,059 (-4.3%) 1.41 4,374
    2022-11-01 $589,975 (-0.4%) $836,485 (-7.8%) 1.42 3,988
    2022-12-01 $585,000 (-2.0%) $847,093 (-8.5%) 1.46 3,262
    Sacramento's median listing price for 2022-12-01 was $585,000, a difference of $-12,000 (-2.0%) versus the prior year and $-4,975 versus the prior month.

    Sacramento's median listing price comes in at 146% of the national average.

    Sacramento's average listing price for 2022-12-01 was $847,093, a difference of $-79,110 (-8.5%) versus the prior year and $10,608 versus the prior month.

    For the 2022-12-01 period, Sacramento had 3,262 MLS listings, a difference of -726 listings (-18%) versus the prior month and 1,494 listings (85%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sacramento (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 54 days 1,837 sqft
    2018-02-01 37 days 1,875 sqft
    2018-03-01 35 days 1,889 sqft
    2018-04-01 33 days 1,893 sqft
    2018-05-01 31 days 1,902 sqft
    2018-06-01 35 days 1,892 sqft
    2018-07-01 37 days 1,870 sqft
    2018-08-01 39 days 1,867 sqft
    2018-09-01 42 days 1,838 sqft
    2018-10-01 47 days 1,835 sqft
    2018-11-01 51 days 1,843 sqft
    2018-12-01 58 days 1,835 sqft
    2019-01-01 64 days 1,839 sqft
    2019-02-01 51 days 1,860 sqft
    2019-03-01 42 days 1,898 sqft
    2019-04-01 38 days 1,926 sqft
    2019-05-01 36 days 1,939 sqft
    2019-06-01 38 days 2,000 sqft
    2019-07-01 44 days 1,977 sqft
    2019-08-01 48 days 1,964 sqft
    2019-09-01 53 days 1,939 sqft
    2019-10-01 58 days 1,929 sqft
    2019-11-01 64 days 1,924 sqft
    2019-12-01 77 days 1,948 sqft
    2020-01-01 70 days 1,921 sqft
    2020-02-01 45 days 1,925 sqft
    2020-03-01 43 days 1,946 sqft
    2020-04-01 44 days 1,914 sqft
    2020-05-01 51 days 1,950 sqft
    2020-06-01 49 days 1,959 sqft
    2020-07-01 52 days 1,940 sqft
    2020-08-01 38 days 1,930 sqft
    2020-09-01 36 days 1,925 sqft
    2020-10-01 36 days 1,913 sqft
    2020-11-01 39 days 1,903 sqft
    2020-12-01 45 days 1,876 sqft
    2021-01-01 49 days 1,890 sqft
    2021-02-01 32 days 1,832 sqft
    2021-03-01 27 days 1,795 sqft
    2021-04-01 27 days 1,858 sqft
    2021-05-01 28 days 1,833 sqft
    2021-06-01 26 days 1,820 sqft
    2021-07-01 28 days 1,808 sqft
    2021-08-01 31 days 1,793 sqft
    2021-09-01 33 days 1,791 sqft
    2021-10-01 33 days 1,774 sqft
    2021-11-01 37 days 1,757 sqft
    2021-12-01 44 days 1,755 sqft
    2022-01-01 41 days 1,799 sqft
    2022-02-01 25 days 1,801 sqft
    2022-03-01 25 days 1,814 sqft
    2022-04-01 25 days 1,849 sqft
    2022-05-01 24 days 1,847 sqft
    2022-06-01 29 days 1,839 sqft
    2022-07-01 32 days 1,829 sqft
    2022-08-01 39 days 1,803 sqft
    2022-09-01 45 days 1,820 sqft
    2022-10-01 47 days 1,809 sqft
    2022-11-01 51 days 1,806 sqft
    2022-12-01 64 days 1,808 sqft
    Sacramento's median listing age (time on market) for 2022-12-01 was 64 days. This is 47% longer than the same period one year ago.

    Sacramento's median square footage for active listings during the 2022-12-01 period was 1,808 sqft. One year prior, the average listing was 1,755 sqft.