Safford USDA Loan Rates, Closing Costs & Stats

Safford, AZ

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Safford's 10 lenders originated 46 USDA loans during 2023. The total origination value was $11,070,000, with an average USDA loan value of $240,652.

    Safford USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Safford averaged 6.68% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Safford's average USDA mortgage closing costs are $6,446.

    The average rate for the prior week (2024-04-12) was 6.83% and one month ago for the week of 2024-03-15, the average rate was 6.71%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Safford 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 Safford level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 6.58% $11,737
    GUILD MORTGAGE COMPANY 8 6.25% $10,753
    AMERICAN PACIFIC MORTGAGE CORPORATION 7 6.36% $9,568
    MANN FINANCIAL INC. 4 6.91% $8,081
    BAY EQUITY LLC 3 6.17% $7,469
    NOVA FINANCIAL & INVESTMENT CORPORATION 3 6.21% $4,881
    SUN AMERICAN MORTGAGE COMPANY 2 6.68% $7,132
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.88% $8,116
    PLAZA HOME MORTGAGE, INC. 1 6.25% $8,657
    UNITED WHOLESALE MORTGAGE, LLC 1 6.75% $12,100

    The top Safford USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 16 USDA loans originated. Their average total fees are $11,737, which is $984 higher than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Safford USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($11,737), .

    The lowest rate Safford USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.58%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Safford (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 $170,600 (7.3%) $203,766 (11.9%) 0.00 85
    2018-02-01 $173,250 (1.9%) $205,433 (11.6%) 0.00 81
    2018-03-01 $179,700 (-0.1%) $211,267 (7.1%) 0.00 80
    2018-04-01 $179,125 (2.4%) $208,209 (6.3%) 0.00 85
    2018-05-01 $179,350 (8.4%) $204,458 (6.8%) 0.00 81
    2018-06-01 $179,900 (6.5%) $205,004 (5.7%) 0.00 99
    2018-07-01 $184,243 (7.7%) $213,696 (7.3%) 0.00 94
    2018-08-01 $184,200 (5.9%) $211,214 (4.6%) 0.00 93
    2018-09-01 $180,998 (3.4%) $208,521 (1.6%) 0.00 98
    2018-10-01 $179,900 (3.0%) $204,600 (3.0%) 0.00 98
    2018-11-01 $178,050 (4.8%) $198,092 (0.1%) 0.00 91
    2018-12-01 $174,000 (4.7%) $190,741 (1.7%) 0.00 89
    2019-01-01 $175,000 (2.6%) $186,700 (-8.4%) 0.00 82
    2019-02-01 $175,000 (1.0%) $188,744 (-8.1%) 0.00 76
    2019-03-01 $185,286 (3.1%) $212,270 (0.5%) 0.00 73
    2019-04-01 $196,286 (9.6%) $238,615 (14.6%) 0.00 70
    2019-05-01 $213,850 (19.2%) $255,946 (25.2%) 0.00 67
    2019-06-01 $219,515 (22.0%) $260,263 (27.0%) 0.00 67
    2019-07-01 $223,700 (21.4%) $271,679 (27.1%) 0.00 64
    2019-08-01 $216,040 (17.3%) $270,737 (28.2%) 0.00 69
    2019-09-01 $206,799 (14.3%) $266,413 (27.8%) 0.00 78
    2019-10-01 $199,256 (10.8%) $260,362 (27.3%) 0.00 84
    2019-11-01 $196,750 (10.5%) $254,847 (28.7%) 0.00 90
    2019-12-01 $193,125 (11.0%) $245,800 (28.9%) 0.00 89
    2020-01-01 $196,725 (12.4%) $254,212 (36.2%) 0.00 75
    2020-02-01 $219,998 (25.7%) $264,833 (40.3%) 0.00 78
    2020-03-01 $218,699 (18.0%) $271,861 (28.1%) 0.00 67
    2020-04-01 $209,995 (7.0%) $257,829 (8.1%) 0.00 61
    2020-05-01 $220,000 (2.9%) $250,889 (-2.0%) 0.00 57
    2020-06-01 $217,475 (-0.9%) $255,874 (-1.7%) 0.00 47
    2020-07-01 $220,500 (-1.4%) $265,769 (-2.2%) 0.00 40
    2020-08-01 $237,000 (9.7%) $291,915 (7.8%) 0.00 34
    2020-09-01 $241,725 (16.9%) $328,528 (23.3%) 0.00 30
    2020-10-01 $237,000 (18.9%) $289,369 (11.1%) 0.00 40
    2020-11-01 $235,000 (19.4%) $296,647 (16.4%) 0.00 44
    2020-12-01 $234,950 (21.7%) $311,915 (26.9%) 0.00 39
    2021-01-01 $230,000 (16.9%) $272,840 (7.3%) 0.00 44
    2021-02-01 $201,700 (-8.3%) $255,679 (-3.5%) 0.00 38
    2021-03-01 $223,750 (2.3%) $283,303 (4.2%) 0.00 32
    2021-04-01 $216,999 (3.3%) $276,592 (7.3%) 0.00 26
    2021-05-01 $229,500 (4.3%) $272,952 (8.8%) 0.00 23
    2021-06-01 $249,950 (14.9%) $282,778 (10.5%) 0.00 27
    2021-07-01 $249,900 (13.3%) $273,603 (3.0%) 0.00 32
    2021-08-01 $289,375 (22.1%) $325,226 (11.4%) 0.00 39
    2021-09-01 $257,225 (6.4%) $318,387 (-3.1%) 0.00 42
    2021-10-01 $273,500 (15.4%) $320,113 (10.6%) 0.00 52
    2021-11-01 $286,750 (22.0%) $321,764 (8.5%) 0.00 52
    2021-12-01 $295,475 (25.8%) $325,977 (4.5%) 0.00 43
    2022-01-01 $299,000 (30.0%) $330,851 (21.3%) 0.00 40
    2022-02-01 $317,000 (57.2%) $356,644 (39.5%) 0.00 37
    2022-03-01 $298,500 (33.4%) $364,617 (28.7%) 0.00 38
    2022-04-01 $279,900 (29.0%) $322,715 (16.7%) 0.00 31
    2022-05-01 $307,000 (33.8%) $351,652 (28.8%) 0.00 39
    2022-06-01 $305,000 (22.0%) $354,432 (25.3%) 0.00 54
    2022-07-01 $317,500 (27.1%) $363,667 (32.9%) 0.00 62
    2022-08-01 $322,450 (11.4%) $353,157 (8.6%) 0.00 76
    2022-09-01 $311,250 (21.0%) $373,156 (17.2%) 0.00 82
    2022-10-01 $300,000 (9.7%) $365,581 (14.2%) 0.00 90
    2022-11-01 $299,450 (4.4%) $362,533 (12.7%) 0.00 76
    2022-12-01 $292,000 (-1.2%) $355,909 (9.2%) 0.00 65
    2023-01-01 $299,000 (0.0%) $372,974 (12.7%) 0.00 54
    2023-02-01 $330,375 (4.2%) $347,112 (-2.7%) 0.00 43
    2023-03-01 $305,000 (2.2%) $362,333 (-0.6%) 0.00 42
    2023-04-01 $305,000 (9.0%) $387,340 (20.0%) 0.00 38
    2023-05-01 $328,500 (7.0%) $407,400 (15.9%) 0.00 36
    2023-06-01 $340,000 (11.5%) $431,846 (21.8%) 0.00 33
    2023-07-01 $360,000 (13.4%) $428,855 (17.9%) 0.00 36
    2023-08-01 $360,000 (11.7%) $391,804 (10.9%) 0.00 43
    2023-09-01 $372,000 (19.5%) $512,418 (37.3%) 0.00 48
    2023-10-01 $379,950 (26.7%) $515,665 (41.1%) 0.00 55
    2023-11-01 $372,250 (24.3%) $506,326 (39.7%) 0.00 57
    2023-12-01 $379,995 (30.1%) $521,103 (46.4%) 0.00 55
    2024-01-01 $384,500 (28.6%) $534,713 (43.4%) 0.00 48
    2024-02-01 $373,749 (13.1%) $417,315 (20.2%) 0.00 45
    2024-03-01 $369,995 (21.3%) $416,207 (14.9%) 0.00 51
    Safford's median listing price for 2024-03-01 was $369,995, a difference of $64,995 (21.3%) versus the prior year and $-3,754 versus the prior month.

    Safford's median listing price comes in at 0% of the national average.

    Safford's average listing price for 2024-03-01 was $416,207, a difference of $53,874 (14.9%) versus the prior year and $-1,108 versus the prior month.

    For the 2024-03-01 period, Safford had 51 MLS listings, a difference of 6 listings (13%) versus the prior month and 9 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Safford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,840 sqft
    2018-02-01 0 days 1,840 sqft
    2018-03-01 0 days 1,897 sqft
    2018-04-01 0 days 1,856 sqft
    2018-05-01 0 days 1,771 sqft
    2018-06-01 0 days 1,696 sqft
    2018-07-01 0 days 1,746 sqft
    2018-08-01 0 days 1,718 sqft
    2018-09-01 0 days 1,748 sqft
    2018-10-01 0 days 1,748 sqft
    2018-11-01 0 days 1,677 sqft
    2018-12-01 0 days 1,664 sqft
    2019-01-01 0 days 1,673 sqft
    2019-02-01 0 days 1,635 sqft
    2019-03-01 0 days 1,683 sqft
    2019-04-01 0 days 1,740 sqft
    2019-05-01 0 days 1,985 sqft
    2019-06-01 0 days 1,990 sqft
    2019-07-01 0 days 1,983 sqft
    2019-08-01 0 days 1,942 sqft
    2019-09-01 0 days 1,906 sqft
    2019-10-01 0 days 1,880 sqft
    2019-11-01 0 days 1,875 sqft
    2019-12-01 0 days 1,880 sqft
    2020-01-01 0 days 1,812 sqft
    2020-02-01 0 days 1,812 sqft
    2020-03-01 0 days 1,925 sqft
    2020-04-01 0 days 1,908 sqft
    2020-05-01 0 days 1,827 sqft
    2020-06-01 0 days 1,853 sqft
    2020-07-01 0 days 1,897 sqft
    2020-08-01 0 days 2,007 sqft
    2020-09-01 0 days 2,157 sqft
    2020-10-01 0 days 1,936 sqft
    2020-11-01 0 days 1,854 sqft
    2020-12-01 0 days 1,866 sqft
    2021-01-01 0 days 1,851 sqft
    2021-02-01 0 days 1,625 sqft
    2021-03-01 0 days 1,763 sqft
    2021-04-01 0 days 1,769 sqft
    2021-05-01 0 days 1,872 sqft
    2021-06-01 0 days 1,821 sqft
    2021-07-01 0 days 1,727 sqft
    2021-08-01 0 days 1,872 sqft
    2021-09-01 0 days 1,830 sqft
    2021-10-01 0 days 1,904 sqft
    2021-11-01 0 days 1,898 sqft
    2021-12-01 0 days 1,903 sqft
    2022-01-01 0 days 2,014 sqft
    2022-02-01 0 days 1,957 sqft
    2022-03-01 0 days 1,824 sqft
    2022-04-01 0 days 1,695 sqft
    2022-05-01 0 days 1,758 sqft
    2022-06-01 0 days 1,847 sqft
    2022-07-01 0 days 1,870 sqft
    2022-08-01 0 days 1,888 sqft
    2022-09-01 0 days 1,883 sqft
    2022-10-01 0 days 1,845 sqft
    2022-11-01 0 days 1,842 sqft
    2022-12-01 0 days 1,845 sqft
    2023-01-01 0 days 1,947 sqft
    2023-02-01 0 days 1,847 sqft
    2023-03-01 0 days 1,880 sqft
    2023-04-01 0 days 1,928 sqft
    2023-05-01 0 days 2,080 sqft
    2023-06-01 0 days 2,065 sqft
    2023-07-01 0 days 2,032 sqft
    2023-08-01 0 days 2,032 sqft
    2023-09-01 0 days 1,890 sqft
    2023-10-01 0 days 2,032 sqft
    2023-11-01 0 days 1,966 sqft
    2023-12-01 0 days 2,032 sqft
    2024-01-01 0 days 2,019 sqft
    2024-02-01 0 days 1,954 sqft
    2024-03-01 0 days 2,064 sqft
    Safford's median listing age (time on market) for 2024-03-01 was 0 days.

    Safford's median square footage for active listings during the 2024-03-01 period was 2,064 sqft. One year prior, the average listing was 1,880 sqft.