Sacramento USDA Loans

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 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 5.38% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

    The average rate for the prior week (2022-05-13) was 5.06% and one month ago for the week of 2022-04-15, the average rate was 5.16%.

    The average rate one year ago was 2.9%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.28%.

    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
    Sacramento's median listing price for 2022-04-01 was $649,950, a difference of $75,950 (13.2%) versus the prior year and $15,950 versus the prior month.

    Sacramento's median listing price comes in at 153% of the national average.

    Sacramento's average listing price for 2022-04-01 was $903,095, a difference of $-15,089 (-1.6%) versus the prior year and $-20,920 versus the prior month.

    For the 2022-04-01 period, Sacramento had 2,059 MLS listings, a difference of 323 listings (19%) versus the prior month and 236 listings (13%) 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
    Sacramento's median listing age (time on market) for 2022-04-01 was 23 days. This is -12% shorter than the same period one year ago.

    Sacramento's median square footage for active listings during the 2022-04-01 period was 1,849 sqft. One year prior, the average listing was 1,848 sqft.