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 5 lenders originated 7 USDA loans during 2023. The total origination value was $2,365,000, with an average USDA loan value of $337,857.

Sacramento USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Sacramento averaged -0.21% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Sacramento's average USDA mortgage closing costs are $7,765.

The average rate for the prior week (2024-11-22) was 6.29% and one month ago for the week of 2024-10-25, the average rate was 5.99%.

The average rate one year ago was 6.79%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.08%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.13% $14,826
UNITED WHOLESALE MORTGAGE, LLC 2 5.58% $10,060
Carrington Mortgage Services, LLC 1 6.13% $10,287
CROSSCOUNTRY MORTGAGE, LLC 1 5.63% $20,756
MASON MCDUFFIE MORTGAGE CORPORATION 1 5.25% $18,389

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 $14,826, which is $4,766 higher than the next largest lender, UNITED WHOLESALE 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 $445,315 (1.2%) $657,100 (-1.9%) 1.65 3,473
2018-02-01 $454,500 (1.0%) $663,764 (-2.8%) 1.65 3,642
2018-03-01 $466,950 (1.7%) $661,180 (-2.0%) 1.64 3,699
2018-04-01 $469,950 (0.2%) $667,141 (0.1%) 1.59 4,217
2018-05-01 $475,000 (0.5%) $661,071 (0.5%) 1.59 4,885
2018-06-01 $469,900 (-0.8%) $656,483 (-1.2%) 1.57 5,512
2018-07-01 $464,625 (1.0%) $657,327 (0.3%) 1.55 5,852
2018-08-01 $459,100 (2.0%) $646,651 (-0.5%) 1.54 6,209
2018-09-01 $449,970 (0.2%) $631,951 (-0.3%) 1.51 6,418
2018-10-01 $449,450 (2.3%) $629,643 (1.7%) 1.52 6,269
2018-11-01 $448,900 (2.0%) $623,807 (-0.2%) 1.52 5,926
2018-12-01 $449,250 (2.3%) $627,411 (-2.8%) 1.55 5,134
2019-01-01 $449,975 (1.1%) $639,743 (-2.6%) 1.55 4,391
2019-02-01 $462,039 (1.7%) $650,461 (-2.0%) 1.56 4,200
2019-03-01 $476,371 (2.0%) $660,331 (-0.1%) 1.56 4,274
2019-04-01 $487,000 (3.6%) $662,222 (-0.7%) 1.55 4,493
2019-05-01 $492,500 (3.7%) $661,563 (0.1%) 1.54 5,147
2019-06-01 $501,000 (6.6%) $684,248 (4.2%) 1.57 5,594
2019-07-01 $499,250 (7.5%) $678,634 (3.2%) 1.56 5,845
2019-08-01 $495,545 (7.9%) $677,441 (4.8%) 1.57 5,802
2019-09-01 $489,614 (8.8%) $675,637 (6.9%) 1.57 5,690
2019-10-01 $485,659 (8.1%) $676,087 (7.4%) 1.57 5,531
2019-11-01 $487,000 (8.5%) $684,707 (9.8%) 1.60 4,834
2019-12-01 $495,000 (10.2%) $763,837 (21.7%) 1.65 3,688
2020-01-01 $492,450 (9.4%) $706,204 (10.4%) 1.65 3,269
2020-02-01 $499,000 (8.0%) $711,476 (9.4%) 1.63 3,244
2020-03-01 $506,750 (6.4%) $691,843 (4.8%) 1.59 3,554
2020-04-01 $499,066 (2.5%) $676,655 (2.2%) 1.56 3,986
2020-05-01 $507,764 (3.1%) $694,863 (5.0%) 1.54 4,194
2020-06-01 $516,631 (3.1%) $702,905 (2.7%) 1.52 3,947
2020-07-01 $525,000 (5.2%) $719,968 (6.1%) 1.52 3,337
2020-08-01 $525,000 (5.9%) $754,722 (11.4%) 1.50 2,949
2020-09-01 $539,944 (10.3%) $842,120 (24.6%) 1.55 2,937
2020-10-01 $545,000 (12.2%) $808,671 (19.6%) 1.56 2,896
2020-11-01 $551,166 (13.2%) $850,312 (24.2%) 1.61 2,560
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%) $932,013 (37.7%) 1.56 1,887
2021-05-01 $585,000 (15.2%) $890,788 (28.2%) 1.55 2,016
2021-06-01 $593,500 (14.9%) $868,575 (23.6%) 1.56 2,347
2021-07-01 $595,000 (13.3%) $858,998 (19.3%) 1.57 2,781
2021-08-01 $585,000 (11.4%) $859,295 (13.9%) 1.56 2,960
2021-09-01 $589,000 (9.1%) $860,115 (2.1%) 1.57 2,956
2021-10-01 $594,200 (9.0%) $872,687 (7.9%) 1.58 2,928
2021-11-01 $592,450 (7.5%) $907,471 (6.7%) 1.58 2,398
2021-12-01 $597,000 (8.7%) $926,201 (4.4%) 1.62 1,766
2022-01-01 $619,900 (9.7%) $944,041 (-1.7%) 1.68 1,475
2022-02-01 $628,250 (14.2%) $938,074 (-1.2%) 1.63 1,532
2022-03-01 $629,450 (15.0%) $902,169 (-0.6%) 1.58 1,767
2022-04-01 $649,000 (13.0%) $898,221 (-3.6%) 1.55 2,105
2022-05-01 $649,500 (11.0%) $906,068 (1.7%) 1.48 3,073
2022-06-01 $643,500 (8.4%) $885,829 (2.0%) 1.43 3,805
2022-07-01 $629,900 (5.9%) $886,138 (3.2%) 1.42 4,655
2022-08-01 $614,700 (5.1%) $913,346 (6.3%) 1.42 4,757
2022-09-01 $600,000 (1.9%) $855,094 (-0.6%) 1.40 4,476
2022-10-01 $599,000 (0.8%) $835,557 (-4.3%) 1.41 4,374
2022-11-01 $589,995 (-0.4%) $836,290 (-7.8%) 1.42 3,987
2022-12-01 $587,450 (-1.6%) $852,272 (-8.0%) 1.45 3,212
2023-01-01 $594,625 (-4.1%) $861,508 (-8.7%) 1.47 2,647
2023-02-01 $606,442 (-3.5%) $892,596 (-4.9%) 1.46 2,265
2023-03-01 $627,000 (-0.4%) $923,724 (2.4%) 1.48 2,024
2023-04-01 $660,000 (1.7%) $939,529 (4.6%) 1.53 1,943
2023-05-01 $662,875 (2.1%) $927,854 (2.4%) 1.50 2,234
2023-06-01 $679,322 (5.6%) $1,013,620 (14.4%) 1.53 2,535
2023-07-01 $675,993 (7.3%) $1,052,697 (18.8%) 1.54 2,789
2023-08-01 $672,473 (9.4%) $1,033,280 (13.1%) 1.54 2,885
2023-09-01 $650,000 (8.3%) $1,009,080 (18.0%) 1.51 2,952
2023-10-01 $649,000 (8.4%) $990,303 (18.5%) 1.53 3,063
2023-11-01 $632,000 (7.1%) $987,568 (18.1%) 1.50 2,969
2023-12-01 $625,000 (6.4%) $1,034,322 (21.4%) 1.52 2,585
2024-01-01 $629,995 (6.0%) $1,022,302 (18.7%) 1.54 2,131
2024-02-01 $633,034 (4.4%) $1,015,026 (13.7%) 1.52 2,103
2024-03-01 $635,000 (1.3%) $974,251 (5.5%) 1.49 2,365
2024-04-01 $649,750 (-1.6%) $956,427 (1.8%) 1.51 2,763
2024-05-01 $673,417 (1.6%) $991,893 (6.9%) 1.52 3,266
2024-06-01 $679,000 (-0.1%) $1,004,800 (-0.9%) 1.53 3,698
2024-07-01 $649,500 (-3.9%) $979,135 (-7.0%) 1.48 4,131
2024-08-01 $640,000 (-4.8%) $962,923 (-6.8%) 1.49 4,283
2024-09-01 $635,000 (-2.3%) $948,519 (-6.0%) 1.49 4,399
2024-10-01 $627,250 (-3.4%) $931,020 (-6.0%) 1.48 4,382
Sacramento's median listing price for 2024-10-01 was $627,250, a difference of $-21,750 (-3.4%) versus the prior year and $-7,750 versus the prior month.

Sacramento's median listing price comes in at 148% of the national average.

Sacramento's average listing price for 2024-10-01 was $931,020, a difference of $-59,283 (-6.0%) versus the prior year and $-17,499 versus the prior month.

For the 2024-10-01 period, Sacramento had 4,382 MLS listings, a difference of -17 listings (0%) versus the prior month and 1,319 listings (43%) 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 1,836 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 1,900 sqft
2018-06-01 33 days 1,892 sqft
2018-07-01 37 days 1,870 sqft
2018-08-01 38 days 1,866 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 1,835 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 1,926 sqft
2019-05-01 35 days 1,939 sqft
2019-06-01 37 days 1,998 sqft
2019-07-01 43 days 1,977 sqft
2019-08-01 47 days 1,963 sqft
2019-09-01 52 days 1,938 sqft
2019-10-01 57 days 1,929 sqft
2019-11-01 61 days 1,924 sqft
2019-12-01 73 days 1,948 sqft
2020-01-01 68 days 1,921 sqft
2020-02-01 43 days 1,924 sqft
2020-03-01 41 days 1,946 sqft
2020-04-01 43 days 1,914 sqft
2020-05-01 49 days 1,950 sqft
2020-06-01 46 days 1,959 sqft
2020-07-01 50 days 1,939 sqft
2020-08-01 36 days 1,931 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 1,820 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 1,755 sqft
2022-01-01 40 days 1,797 sqft
2022-02-01 25 days 1,800 sqft
2022-03-01 24 days 1,815 sqft
2022-04-01 24 days 1,849 sqft
2022-05-01 24 days 1,847 sqft
2022-06-01 29 days 1,841 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 1,810 sqft
2022-11-01 51 days 1,807 sqft
2022-12-01 63 days 1,811 sqft
2023-01-01 67 days 1,827 sqft
2023-02-01 51 days 1,859 sqft
2023-03-01 43 days 1,905 sqft
2023-04-01 35 days 1,997 sqft
2023-05-01 31 days 1,981 sqft
2023-06-01 33 days 2,011 sqft
2023-07-01 36 days 1,992 sqft
2023-08-01 37 days 1,967 sqft
2023-09-01 37 days 1,931 sqft
2023-10-01 42 days 1,900 sqft
2023-11-01 45 days 1,870 sqft
2023-12-01 52 days 1,851 sqft
2024-01-01 55 days 1,883 sqft
2024-02-01 39 days 1,880 sqft
2024-03-01 36 days 1,876 sqft
2024-04-01 32 days 1,887 sqft
2024-05-01 29 days 1,939 sqft
2024-06-01 33 days 1,938 sqft
2024-07-01 40 days 1,886 sqft
2024-08-01 44 days 1,872 sqft
2024-09-01 44 days 1,847 sqft
2024-10-01 47 days 1,831 sqft
Sacramento's median listing age (time on market) for 2024-10-01 was 47 days. This is 13% longer than the same period one year ago.

Sacramento's median square footage for active listings during the 2024-10-01 period was 1,831 sqft. One year prior, the average listing was 1,900 sqft.