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 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
-0.35%
for the week of 2023-11-24, 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 (2023-11-17) was
6.44% and
one month ago for the week of 2023-10-20, the
average rate was 6.96%.
The average rate one year ago was 6.1%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.86%.
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 |
| 2023-06-01 | $679,450 (5.6%) | $1,013,670 (14.5%) | 1.53 | 2,535 |
| 2023-07-01 | $676,998 (7.5%) | $1,052,928 (18.9%) | 1.54 | 2,789 |
| 2023-08-01 | $672,473 (9.4%) | $1,033,280 (13.3%) | 1.54 | 2,885 |
| 2023-09-01 | $650,000 (8.3%) | $1,009,080 (18.2%) | 1.51 | 2,952 |
| 2023-10-01 | $649,000 (8.4%) | $990,303 (18.7%) | 1.53 | 3,063 |
Sacramento's median listing price comes in at 153% of the national average.
Sacramento's average listing price for 2023-10-01 was $990,303, a difference of $155,811 (18.7%) versus the prior year and $-18,777 versus the prior month.
For the 2023-10-01 period, Sacramento had 3,063 MLS listings, a difference of 111 listings (4%) versus the prior month and -1,309 listings (-30%) 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 |
| 2023-06-01 | 33 days | 2,012 sqft |
| 2023-07-01 | 36 days | 1,995 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 |
Sacramento's median square footage for active listings during the 2023-10-01 period was 1,900 sqft. One year prior, the average listing was 1,809 sqft.