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 11 lenders originated 17 USDA loans during 2022. The total origination value was $5,865,000, with an average USDA loan value of $345,000.

    Sacramento USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sacramento averaged -0.65% for the week of 2023-06-02, compared to the national average (all USDA variants) of 0% for the same period.

    Sacramento's average USDA mortgage closing costs are $7,579.

    The average rate for the prior week (2023-05-26) was 5.99% and one month ago for the week of 2023-04-28, the average rate was 5.97%.

    The average rate one year ago was 4.74%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.76%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.06% $8,490
    CROSSCOUNTRY MORTGAGE, LLC 2 3.66% $6,993
    HOME POINT FINANCIAL CORPORATION 2 3.75% $7,128
    Sierra Pacific Mortgage Company, Inc. 2 3.75% $9,178
    CMG MORTGAGE, INC. 1 4.38% $13,742
    MOVEMENT MORTGAGE, LLC 1 3.63% $12,768
    GUILD MORTGAGE COMPANY 1 4.38% $6,942
    SUN WEST MORTGAGE COMPANY, INC. 1 5.75% $12,494
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.00% $11,497
    CALIBER HOME LOANS, INC. 1 3.55% $7,036
    Century Mortgage Company DBA Century Lending Company 1 4.13% $8,050

    The top Sacramento USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with 2 USDA loans originated. Their average total fees are $8,490, which is $1,496 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    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%) $667,218 (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 $448,984 (2.1%) $624,016 (-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%) $660,380 (-0.1%) 1.56 4,273
    2019-04-01 $487,000 (3.6%) $662,278 (-0.7%) 1.55 4,491
    2019-05-01 $492,500 (3.7%) $661,526 (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%) $679,462 (3.3%) 1.56 5,844
    2019-08-01 $495,695 (7.8%) $678,336 (4.8%) 1.57 5,800
    2019-09-01 $489,679 (8.8%) $676,530 (7.0%) 1.57 5,689
    2019-10-01 $485,668 (8.1%) $676,975 (7.5%) 1.57 5,529
    2019-11-01 $488,000 (8.7%) $685,687 (9.9%) 1.60 4,833
    2019-12-01 $495,000 (10.1%) $764,076 (21.8%) 1.65 3,685
    2020-01-01 $492,450 (9.4%) $706,427 (10.4%) 1.65 3,266
    2020-02-01 $499,000 (8.0%) $711,703 (9.4%) 1.64 3,242
    2020-03-01 $506,750 (6.4%) $691,940 (4.8%) 1.59 3,552
    2020-04-01 $499,066 (2.5%) $676,741 (2.2%) 1.56 3,984
    2020-05-01 $507,901 (3.1%) $694,950 (5.1%) 1.54 4,193
    2020-06-01 $516,631 (2.9%) $703,038 (2.7%) 1.52 3,946
    2020-07-01 $525,000 (5.1%) $720,155 (6.0%) 1.52 3,336
    2020-08-01 $525,000 (5.9%) $754,722 (11.3%) 1.50 2,950
    2020-09-01 $539,950 (10.3%) $842,386 (24.5%) 1.55 2,938
    2020-10-01 $545,000 (12.2%) $808,671 (19.5%) 1.56 2,896
    2020-11-01 $551,553 (13.0%) $850,357 (24.0%) 1.61 2,561
    2020-12-01 $549,000 (10.9%) $886,866 (16.1%) 1.63 1,998
    2021-01-01 $565,000 (14.7%) $960,500 (36.0%) 1.69 1,582
    2021-02-01 $549,995 (10.2%) $949,386 (33.4%) 1.60 1,568
    2021-03-01 $547,450 (8.0%) $907,130 (31.1%) 1.55 1,681
    2021-04-01 $574,500 (15.1%) $932,111 (37.7%) 1.56 1,887
    2021-05-01 $585,000 (15.2%) $890,971 (28.2%) 1.56 2,017
    2021-06-01 $593,500 (14.9%) $869,011 (23.6%) 1.56 2,346
    2021-07-01 $595,500 (13.4%) $859,341 (19.3%) 1.57 2,782
    2021-08-01 $585,450 (11.5%) $859,539 (13.9%) 1.56 2,961
    2021-09-01 $589,000 (9.1%) $860,263 (2.1%) 1.57 2,957
    2021-10-01 $594,400 (9.1%) $873,023 (8.0%) 1.59 2,929
    2021-11-01 $592,474 (7.4%) $907,614 (6.7%) 1.58 2,399
    2021-12-01 $597,000 (8.7%) $926,347 (4.5%) 1.62 1,767
    2022-01-01 $619,900 (9.7%) $944,041 (-1.7%) 1.68 1,476
    2022-02-01 $628,125 (14.2%) $938,068 (-1.2%) 1.63 1,532
    2022-03-01 $629,475 (15.0%) $902,828 (-0.5%) 1.58 1,767
    2022-04-01 $649,000 (13.0%) $899,087 (-3.5%) 1.55 2,106
    2022-05-01 $649,500 (11.0%) $905,800 (1.7%) 1.48 3,072
    2022-06-01 $643,500 (8.4%) $885,596 (1.9%) 1.43 3,804
    2022-07-01 $629,900 (5.8%) $885,931 (3.1%) 1.42 4,654
    2022-08-01 $614,675 (5.0%) $912,213 (6.1%) 1.42 4,756
    2022-09-01 $600,000 (1.9%) $854,083 (-0.7%) 1.40 4,475
    2022-10-01 $599,000 (0.8%) $834,492 (-4.4%) 1.41 4,372
    2022-11-01 $589,995 (-0.4%) $836,180 (-7.9%) 1.42 3,987
    2022-12-01 $588,125 (-1.5%) $852,272 (-8.0%) 1.45 3,212
    2023-01-01 $595,250 (-4.0%) $861,436 (-8.8%) 1.48 2,648
    2023-02-01 $606,463 (-3.5%) $892,474 (-4.9%) 1.46 2,266
    2023-03-01 $627,000 (-0.4%) $920,999 (2.0%) 1.48 2,024
    2023-04-01 $660,000 (1.7%) $939,401 (4.5%) 1.53 1,944
    2023-05-01 $662,875 (2.1%) $927,784 (2.4%) 1.50 2,234
    Sacramento's median listing price for 2023-05-01 was $662,875, a difference of $13,375 (2.1%) versus the prior year and $2,875 versus the prior month.

    Sacramento's median listing price comes in at 150% of the national average.

    Sacramento's average listing price for 2023-05-01 was $927,784, a difference of $21,984 (2.4%) versus the prior year and $-11,617 versus the prior month.

    For the 2023-05-01 period, Sacramento had 2,234 MLS listings, a difference of 290 listings (15%) versus the prior month and -838 listings (-27%) 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 52 days 1,837 sqft
    2018-02-01 36 days 1,875 sqft
    2018-03-01 33 days 1,889 sqft
    2018-04-01 32 days 1,892 sqft
    2018-05-01 30 days 1,901 sqft
    2018-06-01 33 days 1,892 sqft
    2018-07-01 37 days 1,870 sqft
    2018-08-01 38 days 1,867 sqft
    2018-09-01 41 days 1,838 sqft
    2018-10-01 46 days 1,835 sqft
    2018-11-01 50 days 1,843 sqft
    2018-12-01 58 days 1,836 sqft
    2019-01-01 63 days 1,839 sqft
    2019-02-01 49 days 1,860 sqft
    2019-03-01 41 days 1,898 sqft
    2019-04-01 37 days 1,927 sqft
    2019-05-01 35 days 1,939 sqft
    2019-06-01 37 days 2,000 sqft
    2019-07-01 43 days 1,977 sqft
    2019-08-01 47 days 1,964 sqft
    2019-09-01 52 days 1,939 sqft
    2019-10-01 57 days 1,930 sqft
    2019-11-01 61 days 1,925 sqft
    2019-12-01 73 days 1,949 sqft
    2020-01-01 68 days 1,922 sqft
    2020-02-01 43 days 1,925 sqft
    2020-03-01 41 days 1,947 sqft
    2020-04-01 43 days 1,915 sqft
    2020-05-01 49 days 1,950 sqft
    2020-06-01 46 days 1,959 sqft
    2020-07-01 50 days 1,940 sqft
    2020-08-01 36 days 1,932 sqft
    2020-09-01 35 days 1,925 sqft
    2020-10-01 35 days 1,913 sqft
    2020-11-01 38 days 1,903 sqft
    2020-12-01 44 days 1,877 sqft
    2021-01-01 48 days 1,892 sqft
    2021-02-01 31 days 1,833 sqft
    2021-03-01 26 days 1,795 sqft
    2021-04-01 26 days 1,859 sqft
    2021-05-01 27 days 1,833 sqft
    2021-06-01 26 days 1,821 sqft
    2021-07-01 28 days 1,808 sqft
    2021-08-01 30 days 1,792 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 43 days 1,756 sqft
    2022-01-01 40 days 1,798 sqft
    2022-02-01 25 days 1,800 sqft
    2022-03-01 24 days 1,814 sqft
    2022-04-01 24 days 1,849 sqft
    2022-05-01 24 days 1,847 sqft
    2022-06-01 29 days 1,840 sqft
    2022-07-01 32 days 1,829 sqft
    2022-08-01 39 days 1,804 sqft
    2022-09-01 45 days 1,822 sqft
    2022-10-01 47 days 1,809 sqft
    2022-11-01 51 days 1,807 sqft
    2022-12-01 63 days 1,811 sqft
    2023-01-01 67 days 1,826 sqft
    2023-02-01 51 days 1,859 sqft
    2023-03-01 43 days 1,904 sqft
    2023-04-01 35 days 1,997 sqft
    2023-05-01 31 days 1,985 sqft
    Sacramento's median listing age (time on market) for 2023-05-01 was 31 days. This is 27% longer than the same period one year ago.

    Sacramento's median square footage for active listings during the 2023-05-01 period was 1,985 sqft. One year prior, the average listing was 1,847 sqft.