Sacramento USDA Loans

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 6.04% for the week of 2022-09-23, compared to the national average (all USDA variants) of 6.08% for the same period.

The average rate for the prior week (2022-09-16) was 6.07% and one month ago for the week of 2022-08-19, the average rate was 5.56%.

The average rate one year ago was 2.99%.

For refis of the same type during the week of 2022-09-23, the average rate was 5.74%.

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 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. Total Fees
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 $440,000 (1.3%) $624,606 (1.4%) 1.62 3,521
2018-02-01 $452,450 (0.8%) $628,617 (0.3%) 1.63 3,711
2018-03-01 $465,000 (2.0%) $631,863 (0.9%) 1.61 3,751
2018-04-01 $469,900 (1.1%) $640,106 (2.0%) 1.58 4,317
2018-05-01 $475,000 (0.7%) $639,378 (2.3%) 1.58 5,065
2018-06-01 $468,000 (-0.3%) $641,316 (2.1%) 1.56 5,678
2018-07-01 $459,450 (0.1%) $637,367 (2.9%) 1.53 6,084
2018-08-01 $454,900 (1.1%) $625,465 (1.0%) 1.52 6,410
2018-09-01 $449,500 (0.1%) $613,814 (1.4%) 1.50 6,576
2018-10-01 $449,000 (2.2%) $609,108 (2.4%) 1.50 6,449
2018-11-01 $445,000 (1.2%) $601,764 (-0.8%) 1.49 6,091
2018-12-01 $449,000 (2.3%) $606,993 (-2.2%) 1.54 5,256
2019-01-01 $449,700 (2.2%) $612,852 (-1.9%) 1.55 4,518
2019-02-01 $459,950 (1.7%) $616,022 (-2.0%) 1.54 4,312
2019-03-01 $475,857 (2.3%) $631,161 (-0.1%) 1.55 4,340
2019-04-01 $487,000 (3.6%) $639,876 (0.0%) 1.53 4,542
2019-05-01 $493,250 (3.8%) $638,284 (-0.2%) 1.52 5,229
2019-06-01 $499,999 (6.8%) $654,596 (2.1%) 1.54 5,671
2019-07-01 $499,000 (8.6%) $655,462 (2.8%) 1.55 5,927
2019-08-01 $497,716 (9.4%) $659,454 (5.4%) 1.57 5,866
2019-09-01 $495,203 (10.2%) $662,301 (7.9%) 1.57 5,780
2019-10-01 $498,000 (10.9%) $677,861 (11.3%) 1.59 5,649
2019-11-01 $499,000 (12.1%) $684,874 (13.8%) 1.61 4,894
2019-12-01 $502,495 (11.9%) $764,989 (26.0%) 1.68 3,691
2020-01-01 $499,995 (11.2%) $697,778 (13.9%) 1.67 3,232
2020-02-01 $514,900 (12.0%) $712,591 (15.7%) 1.66 3,227
2020-03-01 $524,950 (10.3%) $706,084 (11.9%) 1.64 3,543
2020-04-01 $504,450 (3.6%) $677,270 (5.8%) 1.57 4,004
2020-05-01 $518,000 (5.0%) $693,514 (8.7%) 1.57 4,224
2020-06-01 $530,500 (6.1%) $714,154 (9.1%) 1.55 3,992
2020-07-01 $542,500 (8.7%) $750,386 (14.5%) 1.55 3,344
2020-08-01 $529,000 (6.3%) $746,492 (13.2%) 1.51 2,913
2020-09-01 $547,000 (10.5%) $805,283 (21.6%) 1.56 2,917
2020-10-01 $549,900 (10.4%) $836,812 (23.5%) 1.57 2,907
2020-11-01 $554,000 (11.0%) $854,295 (24.7%) 1.59 2,560
2020-12-01 $549,450 (9.3%) $892,917 (16.7%) 1.61 1,980
2021-01-01 $575,000 (15.0%) $979,004 (40.3%) 1.69 1,541
2021-02-01 $552,500 (7.3%) $986,236 (38.4%) 1.59 1,493
2021-03-01 $547,000 (4.2%) $941,882 (33.4%) 1.53 1,604
2021-04-01 $574,000 (13.8%) $918,184 (35.6%) 1.54 1,823
2021-05-01 $585,000 (12.9%) $902,257 (30.1%) 1.54 1,951
2021-06-01 $593,500 (11.9%) $859,412 (20.3%) 1.54 2,269
2021-07-01 $596,944 (10.0%) $847,990 (13.0%) 1.55 2,674
2021-08-01 $589,000 (11.3%) $852,497 (14.2%) 1.55 2,890
2021-09-01 $589,450 (7.8%) $865,319 (7.5%) 1.55 2,895
2021-10-01 $595,000 (8.2%) $870,505 (4.0%) 1.57 2,858
2021-11-01 $593,000 (7.0%) $927,380 (8.6%) 1.56 2,337
2021-12-01 $599,000 (9.0%) $960,390 (7.6%) 1.60 1,727
2022-01-01 $620,000 (7.8%) $988,258 (1.0%) 1.65 1,435
2022-02-01 $628,500 (13.8%) $963,665 (-2.3%) 1.60 1,498
2022-03-01 $634,000 (15.9%) $924,015 (-1.9%) 1.57 1,736
2022-04-01 $649,950 (13.2%) $903,095 (-1.6%) 1.53 2,059
2022-05-01 $649,475 (11.0%) $911,035 (1.0%) 1.45 3,016
2022-06-01 $642,500 (8.3%) $878,930 (2.3%) 1.43 3,743
2022-07-01 $629,000 (5.4%) $873,736 (3.0%) 1.40 4,606
2022-08-01 $614,925 (4.4%) $848,820 (-0.4%) 1.41 4,712
Sacramento's median listing price for 2022-08-01 was $614,925, a difference of $25,925 (4.4%) versus the prior year and $-14,075 versus the prior month.

Sacramento's median listing price comes in at 141% of the national average.

Sacramento's average listing price for 2022-08-01 was $848,820, a difference of $-3,677 (-0.4%) versus the prior year and $-24,916 versus the prior month.

For the 2022-08-01 period, Sacramento had 4,712 MLS listings, a difference of 106 listings (2%) versus the prior month and 1,822 listings (63%) 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 53 days 1,834 sqft
2018-02-01 36 days 1,871 sqft
2018-03-01 34 days 1,890 sqft
2018-04-01 32 days 1,895 sqft
2018-05-01 30 days 1,903 sqft
2018-06-01 35 days 1,883 sqft
2018-07-01 37 days 1,866 sqft
2018-08-01 38 days 1,864 sqft
2018-09-01 42 days 1,836 sqft
2018-10-01 46 days 1,835 sqft
2018-11-01 50 days 1,842 sqft
2018-12-01 58 days 1,836 sqft
2019-01-01 64 days 1,836 sqft
2019-02-01 50 days 1,862 sqft
2019-03-01 43 days 1,900 sqft
2019-04-01 35 days 1,925 sqft
2019-05-01 34 days 1,938 sqft
2019-06-01 36 days 1,993 sqft
2019-07-01 41 days 1,977 sqft
2019-08-01 43 days 1,967 sqft
2019-09-01 46 days 1,947 sqft
2019-10-01 50 days 1,964 sqft
2019-11-01 53 days 1,967 sqft
2019-12-01 62 days 1,982 sqft
2020-01-01 61 days 1,966 sqft
2020-02-01 37 days 1,963 sqft
2020-03-01 30 days 1,989 sqft
2020-04-01 36 days 1,940 sqft
2020-05-01 42 days 1,979 sqft
2020-06-01 36 days 1,997 sqft
2020-07-01 36 days 1,991 sqft
2020-08-01 36 days 1,950 sqft
2020-09-01 35 days 1,947 sqft
2020-10-01 35 days 1,930 sqft
2020-11-01 38 days 1,915 sqft
2020-12-01 43 days 1,896 sqft
2021-01-01 46 days 1,935 sqft
2021-02-01 30 days 1,812 sqft
2021-03-01 28 days 1,798 sqft
2021-04-01 26 days 1,848 sqft
2021-05-01 27 days 1,830 sqft
2021-06-01 25 days 1,815 sqft
2021-07-01 27 days 1,804 sqft
2021-08-01 29 days 1,789 sqft
2021-09-01 31 days 1,791 sqft
2021-10-01 32 days 1,778 sqft
2021-11-01 35 days 1,757 sqft
2021-12-01 42 days 1,756 sqft
2022-01-01 40 days 1,794 sqft
2022-02-01 25 days 1,796 sqft
2022-03-01 23 days 1,814 sqft
2022-04-01 23 days 1,849 sqft
2022-05-01 23 days 1,849 sqft
2022-06-01 27 days 1,839 sqft
2022-07-01 30 days 1,827 sqft
2022-08-01 36 days 1,808 sqft
Sacramento's median listing age (time on market) for 2022-08-01 was 36 days. This is 26% longer than the same period one year ago.

Sacramento's median square footage for active listings during the 2022-08-01 period was 1,808 sqft. One year prior, the average listing was 1,789 sqft.