San Diego USDA Loan Rates, Closing Costs & Stats

SAN DIEGO-CHULA VISTA-CARLSBAD, 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.

San Diego's 9 lenders originated 9 USDA loans during 2022. The total origination value was $3,705,000, with an average USDA loan value of $411,667.

San Diego USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in San Diego averaged 5.85% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

San Diego's average USDA mortgage closing costs are $10,138.

The average rate for the prior week (2024-02-09) was 5.99% and one month ago for the week of 2024-01-12, the average rate was 5.51%.

The average rate one year ago was 5.64%.

For refis of the same type during the week of 2024-02-16, the average rate was 4.91%.

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

San Diego 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 San Diego level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
CALIBER HOME LOANS, INC. 1 2.55% $11,566
CARDINAL FINANCIAL 1 3.99% $8,362
Carrington Mortgage Services, LLC 1 6.63% $15,691
CMG MORTGAGE, INC. 1 5.50% $15,643
DIGNIFIED HOME LOANS, LLC 1 6.13% $12,632
HOME POINT FINANCIAL CORPORATION 1 4.88% $7,943
MOVEMENT MORTGAGE, LLC 1 3.63% $7,676
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 3.38% $12,665
UNITED WHOLESALE MORTGAGE, LLC 1 3.99% $21,116

The top San Diego USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 1 USDA loans originated. Their average total fees are $11,566, which is $3,204 higher than the next largest lender, CARDINAL FINANCIAL.

The lowest fee San Diego USDA lenders (with over 10 loans originated) are .

The lowest rate San Diego USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - San Diego (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 $679,450 (5.0%) $1,222,393 (0.5%) 2.52 4,269
2018-02-01 $693,299 (3.9%) $1,240,565 (-1.5%) 2.52 4,506
2018-03-01 $699,000 (3.2%) $1,243,847 (-0.9%) 2.45 4,932
2018-04-01 $699,900 (0.1%) $1,226,489 (-3.8%) 2.37 5,569
2018-05-01 $704,337 (0.6%) $1,226,065 (-3.9%) 2.35 5,987
2018-06-01 $710,000 (1.4%) $1,213,368 (-3.0%) 2.37 6,377
2018-07-01 $699,000 (0.0%) $1,184,991 (-4.5%) 2.33 6,978
2018-08-01 $684,500 (-0.7%) $1,161,104 (-4.9%) 2.29 7,490
2018-09-01 $675,990 (-0.4%) $1,113,534 (-7.9%) 2.27 7,777
2018-10-01 $669,000 (-0.8%) $1,088,623 (-9.4%) 2.27 7,879
2018-11-01 $659,950 (-0.8%) $1,076,657 (-11.2%) 2.24 7,805
2018-12-01 $659,000 (-3.0%) $1,087,930 (-13.0%) 2.27 6,539
2019-01-01 $659,250 (-3.0%) $1,085,070 (-11.2%) 2.28 6,331
2019-02-01 $669,200 (-3.5%) $1,108,895 (-10.6%) 2.26 6,366
2019-03-01 $684,968 (-2.0%) $1,135,864 (-8.7%) 2.24 6,365
2019-04-01 $701,950 (0.3%) $1,166,051 (-4.9%) 2.23 6,430
2019-05-01 $717,000 (1.8%) $1,164,997 (-5.0%) 2.24 6,800
2019-06-01 $720,000 (1.4%) $1,209,593 (-0.3%) 2.25 6,898
2019-07-01 $712,000 (1.9%) $1,191,632 (0.6%) 2.23 7,000
2019-08-01 $710,909 (3.9%) $1,177,659 (1.4%) 2.25 6,848
2019-09-01 $704,773 (4.3%) $1,182,351 (6.2%) 2.26 6,587
2019-10-01 $705,682 (5.5%) $1,193,127 (9.6%) 2.28 6,343
2019-11-01 $714,945 (8.3%) $1,277,024 (18.6%) 2.34 5,658
2019-12-01 $717,400 (8.9%) $1,258,384 (15.7%) 2.39 4,704
2020-01-01 $711,725 (8.0%) $1,259,678 (16.1%) 2.38 4,219
2020-02-01 $725,000 (8.3%) $1,286,377 (16.0%) 2.37 4,080
2020-03-01 $749,000 (9.4%) $1,283,387 (13.0%) 2.35 4,291
2020-04-01 $725,000 (3.3%) $1,244,868 (6.8%) 2.27 4,666
2020-05-01 $749,000 (4.5%) $1,236,089 (6.1%) 2.28 4,812
2020-06-01 $767,000 (6.5%) $1,353,937 (11.9%) 2.26 4,393
2020-07-01 $789,500 (10.9%) $1,342,353 (12.7%) 2.29 4,087
2020-08-01 $784,000 (10.3%) $1,398,771 (18.8%) 2.25 3,883
2020-09-01 $775,000 (10.0%) $1,411,731 (19.4%) 2.22 3,843
2020-10-01 $775,000 (9.8%) $1,435,239 (20.3%) 2.22 3,809
2020-11-01 $762,000 (6.6%) $1,447,998 (13.4%) 2.23 3,441
2020-12-01 $768,375 (7.1%) $1,499,059 (19.1%) 2.29 2,787
2021-01-01 $775,000 (8.9%) $1,632,753 (29.6%) 2.31 2,357
2021-02-01 $784,000 (8.1%) $1,617,394 (25.7%) 2.28 2,192
2021-03-01 $786,950 (5.1%) $1,564,283 (21.9%) 2.23 2,197
2021-04-01 $799,450 (10.3%) $1,616,523 (29.9%) 2.16 2,270
2021-05-01 $799,000 (6.7%) $1,560,459 (26.2%) 2.12 2,548
2021-06-01 $809,950 (5.6%) $1,523,939 (12.6%) 2.13 2,854
2021-07-01 $819,000 (3.7%) $1,486,353 (10.7%) 2.16 3,130
2021-08-01 $821,650 (4.8%) $1,478,471 (5.7%) 2.19 3,099
2021-09-01 $802,500 (3.6%) $1,499,160 (6.2%) 2.14 2,865
2021-10-01 $825,000 (6.5%) $1,559,805 (8.7%) 2.20 2,553
2021-11-01 $834,000 (9.5%) $1,583,624 (9.4%) 2.23 2,111
2021-12-01 $822,750 (7.1%) $1,659,581 (10.7%) 2.23 1,619
2022-01-01 $848,500 (9.5%) $1,795,695 (10.0%) 2.29 1,464
2022-02-01 $850,000 (8.4%) $1,781,404 (10.1%) 2.21 1,484
2022-03-01 $881,500 (12.0%) $1,740,499 (11.3%) 2.21 1,656
2022-04-01 $900,000 (12.6%) $1,709,012 (5.7%) 2.15 1,926
2022-05-01 $926,750 (16.0%) $1,590,139 (1.9%) 2.12 2,779
2022-06-01 $949,000 (17.2%) $1,530,457 (0.4%) 2.11 3,572
2022-07-01 $899,900 (9.9%) $1,479,948 (-0.4%) 2.03 4,560
2022-08-01 $897,000 (9.2%) $1,476,135 (-0.2%) 2.07 4,494
2022-09-01 $888,699 (10.7%) $1,470,572 (-1.9%) 2.08 4,154
2022-10-01 $890,000 (7.9%) $1,450,137 (-7.0%) 2.09 4,137
2022-11-01 $884,500 (6.1%) $1,442,386 (-8.9%) 2.13 3,985
2022-12-01 $899,000 (9.3%) $1,486,085 (-10.5%) 2.22 3,159
2023-01-01 $904,700 (6.6%) $1,567,702 (-12.7%) 2.24 2,599
2023-02-01 $931,999 (9.7%) $1,640,832 (-7.9%) 2.25 2,290
2023-03-01 $949,500 (7.7%) $1,705,029 (-2.0%) 2.24 2,067
2023-04-01 $999,950 (11.1%) $1,882,399 (10.2%) 2.33 1,952
2023-05-01 $1,055,000 (13.8%) $1,904,280 (19.8%) 2.39 2,065
2023-06-01 $1,092,500 (15.1%) $1,948,369 (27.3%) 2.46 2,284
2023-07-01 $1,098,000 (22.0%) $1,947,120 (31.6%) 2.50 2,447
2023-08-01 $1,099,450 (22.6%) $1,931,373 (30.8%) 2.52 2,488
2023-09-01 $1,050,000 (18.2%) $1,845,525 (25.5%) 2.44 2,622
2023-10-01 $999,000 (12.3%) $1,788,060 (23.3%) 2.35 2,848
2023-11-01 $995,000 (12.5%) $1,770,030 (22.7%) 2.37 2,929
2023-12-01 $980,000 (9.0%) $1,829,738 (23.1%) 2.39 2,619
San Diego's median listing price for 2023-12-01 was $980,000, a difference of $81,000 (9.0%) versus the prior year and $-15,000 versus the prior month.

San Diego's median listing price comes in at 239% of the national average.

San Diego's average listing price for 2023-12-01 was $1,829,738, a difference of $343,653 (23.1%) versus the prior year and $59,708 versus the prior month.

For the 2023-12-01 period, San Diego had 2,619 MLS listings, a difference of -310 listings (-11%) versus the prior month and -540 listings (-17%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - San Diego (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 39 days 1,843 sqft
2018-02-01 29 days 1,853 sqft
2018-03-01 29 days 1,882 sqft
2018-04-01 29 days 1,904 sqft
2018-05-01 28 days 1,913 sqft
2018-06-01 29 days 1,908 sqft
2018-07-01 31 days 1,858 sqft
2018-08-01 31 days 1,815 sqft
2018-09-01 35 days 1,800 sqft
2018-10-01 36 days 1,790 sqft
2018-11-01 39 days 1,779 sqft
2018-12-01 47 days 1,786 sqft
2019-01-01 45 days 1,762 sqft
2019-02-01 32 days 1,777 sqft
2019-03-01 34 days 1,815 sqft
2019-04-01 32 days 1,855 sqft
2019-05-01 32 days 1,874 sqft
2019-06-01 40 days 1,881 sqft
2019-07-01 42 days 1,871 sqft
2019-08-01 43 days 1,859 sqft
2019-09-01 43 days 1,839 sqft
2019-10-01 44 days 1,831 sqft
2019-11-01 47 days 1,824 sqft
2019-12-01 58 days 1,798 sqft
2020-01-01 55 days 1,781 sqft
2020-02-01 39 days 1,800 sqft
2020-03-01 39 days 1,806 sqft
2020-04-01 43 days 1,754 sqft
2020-05-01 46 days 1,784 sqft
2020-06-01 43 days 1,787 sqft
2020-07-01 43 days 1,789 sqft
2020-08-01 37 days 1,728 sqft
2020-09-01 38 days 1,695 sqft
2020-10-01 40 days 1,696 sqft
2020-11-01 47 days 1,679 sqft
2020-12-01 57 days 1,686 sqft
2021-01-01 52 days 1,671 sqft
2021-02-01 37 days 1,672 sqft
2021-03-01 34 days 1,659 sqft
2021-04-01 32 days 1,687 sqft
2021-05-01 28 days 1,664 sqft
2021-06-01 27 days 1,666 sqft
2021-07-01 29 days 1,670 sqft
2021-08-01 30 days 1,685 sqft
2021-09-01 33 days 1,674 sqft
2021-10-01 34 days 1,674 sqft
2021-11-01 37 days 1,677 sqft
2021-12-01 45 days 1,654 sqft
2022-01-01 39 days 1,637 sqft
2022-02-01 26 days 1,633 sqft
2022-03-01 24 days 1,680 sqft
2022-04-01 23 days 1,714 sqft
2022-05-01 22 days 1,707 sqft
2022-06-01 24 days 1,730 sqft
2022-07-01 30 days 1,699 sqft
2022-08-01 36 days 1,680 sqft
2022-09-01 40 days 1,673 sqft
2022-10-01 39 days 1,679 sqft
2022-11-01 44 days 1,686 sqft
2022-12-01 54 days 1,698 sqft
2023-01-01 54 days 1,690 sqft
2023-02-01 38 days 1,682 sqft
2023-03-01 37 days 1,733 sqft
2023-04-01 33 days 1,800 sqft
2023-05-01 30 days 1,839 sqft
2023-06-01 31 days 1,860 sqft
2023-07-01 31 days 1,835 sqft
2023-08-01 33 days 1,803 sqft
2023-09-01 35 days 1,780 sqft
2023-10-01 34 days 1,717 sqft
2023-11-01 37 days 1,686 sqft
2023-12-01 44 days 1,672 sqft
San Diego's median listing age (time on market) for 2023-12-01 was 44 days. This is -19% shorter than the same period one year ago.

San Diego's median square footage for active listings during the 2023-12-01 period was 1,672 sqft. One year prior, the average listing was 1,698 sqft.