San Diego USDA Loan Rates, Closing Costs & Stats


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 6 lenders originated 8 USDA loans during 2023. The total origination value was $3,300,000, with an average USDA loan value of $412,500.

San Diego USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in San Diego averaged -0.02% for the week of 2024-06-21, compared to the national average (all USDA variants) of 0% for the same period.

San Diego's average USDA mortgage closing costs are $10,296.

The average rate for the prior week (2024-06-14) was 6.66% and one month ago for the week of 2024-05-17, the average rate was 6.39%.

The average rate one year ago was 6.48%.

For refis of the same type during the week of 2024-06-21, the average rate was 0.11%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Plains Commerce Bank 2 6.19% $15,502
AXIA FINANCIAL, LLC 1 6.13% $7,526
Century Mortgage Company DBA Century Lending Company 1 5.63% $18,470
Nations Lending Corporation 1 5.63% $5,878
SUMMIT FUNDING, INC. 1 7.25% $12,235

The top San Diego USDA lender as defined by loan originations is Plains Commerce Bank, with 2 USDA loans originated. Their average total fees are $15,502, which is $7,976 higher than the next largest lender, AXIA FINANCIAL, LLC.

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 .