Sacramento USDA Loan Rates, Closing Costs & Stats

SACRAMENTO-ROSEVILLE-FOLSOM, 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.

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.