Salinas USDA Loan Rates, Closing Costs & Stats
SALINAS, 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.
Salinas's 3 lenders originated 7 USDA loans during 2024. The total origination value was $3,625,000, with an average USDA loan value of $517,857.
Salinas USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Salinas
averaged
6.57%
for the week of 2025-05-23, compared to the national average (all USDA variants) of
6.433% for the same period.
Salinas's average USDA mortgage closing costs are $10,141.
The average rate for the prior week (2025-05-16) was
6.6% and
one month ago for the week of 2025-04-18, the
average rate was 6.79%.
The average rate one year ago was 6.85%.
For refis of the same type during the week of 2025-05-23, the average rate
was 6.19%.
Salinas 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 Salinas level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| PREMIER MORTGAGE RESOURCES, L.L.C. | 4 | 5.56% | $14,350 |
| GUARANTEED RATE, INC. | 2 | 5.46% | $12,193 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.75% | $23,556 |
The top Salinas USDA lender as defined by loan originations is PREMIER MORTGAGE RESOURCES, L.L.C., with
4 USDA loans originated. Their average total fees are
$14,350, which is $2,157
higher than the next largest lender,
GUARANTEED RATE, INC..
The lowest fee Salinas USDA lenders (with over 10 loans originated) are
.
The lowest rate Salinas USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Salinas (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 | $931,050 (7.4%) | $2,034,492 (9.8%) | 3.45 | 557 |
| 2018-02-01 | $995,000 (9.1%) | $2,070,744 (-1.0%) | 3.61 | 573 |
| 2018-03-01 | $984,500 (6.2%) | $1,967,445 (-7.1%) | 3.45 | 613 |
| 2018-04-01 | $936,450 (-0.3%) | $2,069,506 (1.3%) | 3.17 | 655 |
| 2018-05-01 | $955,500 (2.5%) | $2,063,554 (3.6%) | 3.19 | 672 |
| 2018-06-01 | $975,000 (2.6%) | $2,110,917 (2.9%) | 3.25 | 676 |
| 2018-07-01 | $935,451 (-2.5%) | $1,970,267 (-4.0%) | 3.12 | 737 |
| 2018-08-01 | $886,000 (-6.7%) | $2,002,435 (-0.9%) | 2.97 | 762 |
| 2018-09-01 | $892,500 (-5.6%) | $2,022,100 (1.3%) | 3.00 | 797 |
| 2018-10-01 | $862,175 (-7.6%) | $1,945,527 (-0.1%) | 2.92 | 818 |
| 2018-11-01 | $851,694 (-9.6%) | $1,935,578 (0.4%) | 2.89 | 805 |
| 2018-12-01 | $869,500 (-7.5%) | $1,949,092 (-2.5%) | 3.00 | 740 |
| 2019-01-01 | $854,750 (-8.2%) | $1,991,187 (-2.1%) | 2.95 | 656 |
| 2019-02-01 | $910,000 (-8.5%) | $2,045,070 (-1.2%) | 3.07 | 690 |
| 2019-03-01 | $937,857 (-4.7%) | $2,051,776 (4.3%) | 3.07 | 702 |
| 2019-04-01 | $992,000 (5.9%) | $2,075,899 (0.3%) | 3.15 | 710 |
| 2019-05-01 | $996,750 (4.3%) | $2,020,378 (-2.1%) | 3.12 | 734 |
| 2019-06-01 | $1,095,000 (12.3%) | $2,157,119 (2.2%) | 3.42 | 793 |
| 2019-07-01 | $1,115,000 (19.2%) | $2,156,219 (9.4%) | 3.49 | 803 |
| 2019-08-01 | $1,161,364 (31.1%) | $2,221,273 (10.9%) | 3.68 | 806 |
| 2019-09-01 | $1,140,909 (27.8%) | $2,148,596 (6.3%) | 3.65 | 803 |
| 2019-10-01 | $1,124,750 (30.5%) | $2,084,645 (7.2%) | 3.63 | 796 |
| 2019-11-01 | $1,098,000 (28.9%) | $2,113,554 (9.2%) | 3.60 | 718 |
| 2019-12-01 | $1,000,000 (15.0%) | $2,107,268 (8.1%) | 3.33 | 611 |
| 2020-01-01 | $999,999 (17.0%) | $2,044,437 (2.7%) | 3.34 | 529 |
| 2020-02-01 | $1,150,000 (26.4%) | $2,245,289 (9.8%) | 3.76 | 556 |
| 2020-03-01 | $1,137,000 (21.2%) | $2,194,233 (6.9%) | 3.56 | 578 |
| 2020-04-01 | $1,089,000 (9.8%) | $2,115,161 (1.9%) | 3.41 | 585 |
| 2020-05-01 | $995,000 (-0.2%) | $2,025,381 (0.3%) | 3.02 | 640 |
| 2020-06-01 | $1,066,750 (-2.6%) | $2,135,686 (-1.0%) | 3.14 | 594 |
| 2020-07-01 | $1,192,250 (6.9%) | $2,256,238 (4.6%) | 3.46 | 503 |
| 2020-08-01 | $1,290,000 (11.1%) | $2,473,904 (11.4%) | 3.70 | 438 |
| 2020-09-01 | $1,296,500 (13.6%) | $2,539,168 (18.2%) | 3.71 | 412 |
| 2020-10-01 | $1,295,000 (15.1%) | $2,568,295 (23.2%) | 3.71 | 402 |
| 2020-11-01 | $1,345,250 (22.5%) | $2,609,349 (23.5%) | 3.93 | 387 |
| 2020-12-01 | $1,328,250 (32.8%) | $2,782,940 (32.1%) | 3.95 | 347 |
| 2021-01-01 | $1,295,000 (29.5%) | $2,871,440 (40.5%) | 3.87 | 316 |
| 2021-02-01 | $1,271,200 (10.5%) | $2,891,331 (28.8%) | 3.70 | 298 |
| 2021-03-01 | $1,293,500 (13.8%) | $2,899,752 (32.2%) | 3.67 | 274 |
| 2021-04-01 | $1,192,500 (9.5%) | $2,730,254 (29.1%) | 3.23 | 286 |
| 2021-05-01 | $1,199,000 (20.5%) | $2,665,909 (31.6%) | 3.19 | 286 |
| 2021-06-01 | $1,174,500 (10.1%) | $2,549,472 (19.4%) | 3.09 | 307 |
| 2021-07-01 | $1,125,000 (-5.6%) | $2,582,685 (14.5%) | 2.97 | 317 |
| 2021-08-01 | $1,199,250 (-7.0%) | $2,789,901 (12.8%) | 3.20 | 346 |
| 2021-09-01 | $1,149,000 (-11.4%) | $2,687,940 (5.9%) | 3.06 | 332 |
| 2021-10-01 | $1,099,500 (-15.1%) | $2,707,348 (5.4%) | 2.93 | 326 |
| 2021-11-01 | $1,072,500 (-20.3%) | $2,665,995 (2.2%) | 2.87 | 266 |
| 2021-12-01 | $1,030,500 (-22.4%) | $2,785,968 (0.1%) | 2.79 | 209 |
| 2022-01-01 | $1,099,000 (-15.1%) | $3,111,250 (8.4%) | 2.97 | 173 |
| 2022-02-01 | $1,017,500 (-20.0%) | $2,880,408 (-0.4%) | 2.65 | 196 |
| 2022-03-01 | $1,099,500 (-15.0%) | $2,850,103 (-1.7%) | 2.75 | 205 |
| 2022-04-01 | $995,000 (-16.6%) | $2,535,232 (-7.1%) | 2.37 | 270 |
| 2022-05-01 | $949,500 (-20.8%) | $2,418,675 (-9.3%) | 2.17 | 325 |
| 2022-06-01 | $998,900 (-15.0%) | $2,391,296 (-6.2%) | 2.22 | 367 |
| 2022-07-01 | $998,900 (-11.2%) | $2,306,391 (-10.7%) | 2.25 | 411 |
| 2022-08-01 | $989,666 (-17.5%) | $2,356,382 (-15.5%) | 2.29 | 455 |
| 2022-09-01 | $961,200 (-16.3%) | $2,391,513 (-11.0%) | 2.25 | 441 |
| 2022-10-01 | $899,990 (-18.2%) | $2,322,467 (-14.2%) | 2.12 | 421 |
| 2022-11-01 | $918,500 (-14.4%) | $2,284,580 (-14.3%) | 2.21 | 425 |
| 2022-12-01 | $944,500 (-8.4%) | $2,392,096 (-14.1%) | 2.33 | 354 |
| 2023-01-01 | $974,500 (-11.3%) | $2,440,474 (-21.6%) | 2.41 | 325 |
| 2023-02-01 | $1,233,500 (21.2%) | $2,715,315 (-5.7%) | 2.98 | 303 |
| 2023-03-01 | $1,249,500 (13.6%) | $2,705,511 (-5.1%) | 2.95 | 296 |
| 2023-04-01 | $1,300,000 (30.7%) | $2,738,616 (8.0%) | 3.02 | 273 |
| 2023-05-01 | $1,397,500 (47.2%) | $2,758,903 (14.1%) | 3.17 | 304 |
| 2023-06-01 | $1,399,749 (40.1%) | $2,634,036 (10.2%) | 3.15 | 315 |
| 2023-07-01 | $1,395,000 (39.7%) | $2,512,836 (9.0%) | 3.17 | 339 |
| 2023-08-01 | $1,399,000 (41.4%) | $2,597,331 (10.2%) | 3.21 | 378 |
| 2023-09-01 | $1,300,000 (35.3%) | $2,498,010 (4.5%) | 3.03 | 363 |
| 2023-10-01 | $1,262,250 (40.3%) | $2,537,179 (9.2%) | 2.97 | 362 |
| 2023-11-01 | $1,242,000 (35.2%) | $2,516,854 (10.2%) | 2.96 | 370 |
| 2023-12-01 | $1,196,500 (26.7%) | $2,500,363 (4.5%) | 2.92 | 343 |
| 2024-01-01 | $1,230,750 (26.3%) | $2,791,654 (14.4%) | 3.01 | 295 |
| 2024-02-01 | $1,229,892 (-0.3%) | $2,755,060 (1.5%) | 2.96 | 307 |
| 2024-03-01 | $1,299,495 (4.0%) | $2,657,472 (-1.8%) | 3.06 | 316 |
| 2024-04-01 | $1,355,000 (4.2%) | $2,670,163 (-2.5%) | 3.15 | 358 |
| 2024-05-01 | $1,358,971 (-2.8%) | $2,609,293 (-5.4%) | 3.09 | 399 |
| 2024-06-01 | $1,299,000 (-7.2%) | $2,501,514 (-5.0%) | 2.95 | 447 |
| 2024-07-01 | $1,318,750 (-5.5%) | $2,590,531 (3.1%) | 3.02 | 491 |
| 2024-08-01 | $1,298,000 (-7.2%) | $2,589,534 (-0.3%) | 3.02 | 509 |
| 2024-09-01 | $1,285,000 (-1.2%) | $2,488,792 (-0.4%) | 3.02 | 518 |
| 2024-10-01 | $1,298,250 (2.9%) | $2,537,918 (0.0%) | 3.06 | 505 |
| 2024-11-01 | $1,292,000 (4.0%) | $2,631,682 (4.6%) | 3.10 | 482 |
| 2024-12-01 | $1,286,500 (7.5%) | $2,546,947 (1.9%) | 3.20 | 416 |
| 2025-01-01 | $1,297,000 (5.4%) | $2,731,486 (-2.2%) | 3.24 | 379 |
| 2025-02-01 | $1,297,000 (5.5%) | $2,766,129 (0.4%) | 3.15 | 388 |
| 2025-03-01 | $1,289,000 (-0.8%) | $2,616,653 (-1.5%) | 3.03 | 409 |
| 2025-04-01 | $1,300,250 (-4.0%) | $2,510,449 (-6.0%) | 3.02 | 464 |
Salinas's median listing price comes in at 302% of the national average.
Salinas's average listing price for 2025-04-01 was $2,510,449, a difference of $-159,714 (-6.0%) versus the prior year and $-106,204 versus the prior month.
For the 2025-04-01 period, Salinas had 464 MLS listings, a difference of 55 listings (13%) versus the prior month and 106 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Salinas (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 83 days | 2,020 sqft |
| 2018-02-01 | 62 days | 2,026 sqft |
| 2018-03-01 | 47 days | 1,991 sqft |
| 2018-04-01 | 51 days | 1,984 sqft |
| 2018-05-01 | 52 days | 1,963 sqft |
| 2018-06-01 | 55 days | 1,976 sqft |
| 2018-07-01 | 55 days | 1,948 sqft |
| 2018-08-01 | 57 days | 1,937 sqft |
| 2018-09-01 | 57 days | 1,941 sqft |
| 2018-10-01 | 60 days | 1,937 sqft |
| 2018-11-01 | 69 days | 1,906 sqft |
| 2018-12-01 | 80 days | 1,843 sqft |
| 2019-01-01 | 87 days | 1,801 sqft |
| 2019-02-01 | 75 days | 1,855 sqft |
| 2019-03-01 | 60 days | 1,902 sqft |
| 2019-04-01 | 57 days | 1,974 sqft |
| 2019-05-01 | 59 days | 2,012 sqft |
| 2019-06-01 | 59 days | 2,095 sqft |
| 2019-07-01 | 63 days | 2,101 sqft |
| 2019-08-01 | 67 days | 2,129 sqft |
| 2019-09-01 | 75 days | 2,126 sqft |
| 2019-10-01 | 80 days | 2,124 sqft |
| 2019-11-01 | 88 days | 2,164 sqft |
| 2019-12-01 | 99 days | 2,147 sqft |
| 2020-01-01 | 92 days | 2,109 sqft |
| 2020-02-01 | 65 days | 2,127 sqft |
| 2020-03-01 | 53 days | 2,126 sqft |
| 2020-04-01 | 65 days | 2,081 sqft |
| 2020-05-01 | 72 days | 2,070 sqft |
| 2020-06-01 | 76 days | 2,111 sqft |
| 2020-07-01 | 61 days | 2,114 sqft |
| 2020-08-01 | 56 days | 2,160 sqft |
| 2020-09-01 | 57 days | 2,148 sqft |
| 2020-10-01 | 57 days | 2,155 sqft |
| 2020-11-01 | 59 days | 2,152 sqft |
| 2020-12-01 | 59 days | 2,185 sqft |
| 2021-01-01 | 59 days | 2,133 sqft |
| 2021-02-01 | 60 days | 2,085 sqft |
| 2021-03-01 | 52 days | 2,034 sqft |
| 2021-04-01 | 51 days | 1,991 sqft |
| 2021-05-01 | 40 days | 1,965 sqft |
| 2021-06-01 | 41 days | 2,005 sqft |
| 2021-07-01 | 39 days | 1,978 sqft |
| 2021-08-01 | 39 days | 1,941 sqft |
| 2021-09-01 | 40 days | 1,935 sqft |
| 2021-10-01 | 47 days | 1,876 sqft |
| 2021-11-01 | 52 days | 1,879 sqft |
| 2021-12-01 | 73 days | 1,798 sqft |
| 2022-01-01 | 57 days | 1,842 sqft |
| 2022-02-01 | 26 days | 1,800 sqft |
| 2022-03-01 | 30 days | 1,936 sqft |
| 2022-04-01 | 26 days | 1,808 sqft |
| 2022-05-01 | 26 days | 1,757 sqft |
| 2022-06-01 | 31 days | 1,815 sqft |
| 2022-07-01 | 37 days | 1,838 sqft |
| 2022-08-01 | 42 days | 1,807 sqft |
| 2022-09-01 | 47 days | 1,848 sqft |
| 2022-10-01 | 51 days | 1,833 sqft |
| 2022-11-01 | 59 days | 1,815 sqft |
| 2022-12-01 | 71 days | 1,862 sqft |
| 2023-01-01 | 79 days | 1,855 sqft |
| 2023-02-01 | 60 days | 1,910 sqft |
| 2023-03-01 | 47 days | 1,915 sqft |
| 2023-04-01 | 45 days | 1,887 sqft |
| 2023-05-01 | 39 days | 1,959 sqft |
| 2023-06-01 | 39 days | 1,996 sqft |
| 2023-07-01 | 41 days | 2,005 sqft |
| 2023-08-01 | 46 days | 2,006 sqft |
| 2023-09-01 | 46 days | 1,992 sqft |
| 2023-10-01 | 53 days | 1,910 sqft |
| 2023-11-01 | 57 days | 1,868 sqft |
| 2023-12-01 | 63 days | 1,854 sqft |
| 2024-01-01 | 67 days | 1,895 sqft |
| 2024-02-01 | 62 days | 1,874 sqft |
| 2024-03-01 | 50 days | 1,928 sqft |
| 2024-04-01 | 40 days | 1,941 sqft |
| 2024-05-01 | 41 days | 1,962 sqft |
| 2024-06-01 | 46 days | 1,882 sqft |
| 2024-07-01 | 47 days | 1,901 sqft |
| 2024-08-01 | 53 days | 1,872 sqft |
| 2024-09-01 | 57 days | 1,872 sqft |
| 2024-10-01 | 61 days | 1,900 sqft |
| 2024-11-01 | 64 days | 1,862 sqft |
| 2024-12-01 | 75 days | 1,826 sqft |
| 2025-01-01 | 81 days | 1,833 sqft |
| 2025-02-01 | 61 days | 1,865 sqft |
| 2025-03-01 | 45 days | 1,800 sqft |
| 2025-04-01 | 44 days | 1,791 sqft |
Salinas's median square footage for active listings during the 2025-04-01 period was 1,791 sqft. One year prior, the average listing was 1,941 sqft.