San Diego USDA Loans
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 20 lenders originated 79 USDA loans during 2021. The total origination value was $55,875,000, with an average USDA loan value of $707,278.
San Diego USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in San Diego
averaged
6.16%
for the week of 2022-09-23, compared to the national average (all USDA variants) of
6.08% for the same period.
The average rate for the prior week (2022-09-16) was
5.59% and
one month ago for the week of 2022-08-19, the
average rate was 5.38%.
The average rate one year ago was 2.91%.
For refis of the same type during the week of 2022-09-23, the average rate
was 5.75%.
San Diego 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 San Diego level.
| Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | 4 | 2.82% | $10,396 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 3 | 2.63% | $11,122 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 2.71% | $12,597 |
| MICHIGAN MUTUAL, INC. | 2 | 2.56% | $11,278 |
| FIRST NATIONS HOME FINANCE CORPORATION | 2 | 2.44% | $8,313 |
| Sierra Pacific Mortgage Company, Inc. | 2 | 2.63% | $10,185 |
| STEARNS LENDING, LLC | 2 | 2.25% | $9,849 |
| CALIBER HOME LOANS, INC. | 2 | 2.38% | $11,411 |
| HOME POINT FINANCIAL CORPORATION | 1 | 3.00% | $7,848 |
| ITHINK FINANCIAL Credit Union | 1 | 2.75% | $16,020 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 2.88% | $11,295 |
| LOANDEPOT.COM, LLC | 1 | 3.00% | $12,711 |
| MOVEMENT MORTGAGE, LLC | 1 | 2.75% | $0 |
| PLAZA HOME MORTGAGE, INC. | 1 | 2.99% | $8,555 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 2.75% | $17,861 |
| LENDUS, LLC | 1 | 2.25% | $9,035 |
| Amerifirst Financial, Inc. | 1 | 2.25% | $9,548 |
| Flagstar Bank, FSB | 1 | 2.25% | $6,097 |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | 1 | 2.50% | $15,986 |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | 1 | 2.88% | $13,332 |
The top San Diego USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
4 USDA loans originated. Their average total fees are
$10,396, which is $726
lower than the next largest lender,
AMERICAN PACIFIC MORTGAGE CORPORATION.
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 | $679,500 (4.6%) | $1,222,484 (0.5%) | 2.50 | 4,359 |
| 2018-02-01 | $696,740 (4.4%) | $1,235,430 (-2.0%) | 2.51 | 4,590 |
| 2018-03-01 | $699,000 (3.3%) | $1,239,951 (-1.1%) | 2.42 | 5,050 |
| 2018-04-01 | $699,900 (0.1%) | $1,226,302 (-3.2%) | 2.35 | 5,663 |
| 2018-05-01 | $699,950 (0.0%) | $1,220,310 (-3.5%) | 2.33 | 6,091 |
| 2018-06-01 | $708,960 (1.4%) | $1,209,635 (-2.3%) | 2.36 | 6,504 |
| 2018-07-01 | $699,000 (0.1%) | $1,179,566 (-4.1%) | 2.33 | 7,094 |
| 2018-08-01 | $682,450 (-1.0%) | $1,160,647 (-4.4%) | 2.28 | 7,628 |
| 2018-09-01 | $675,000 (-0.6%) | $1,113,863 (-7.5%) | 2.26 | 7,928 |
| 2018-10-01 | $668,500 (-1.0%) | $1,086,230 (-9.3%) | 2.24 | 8,010 |
| 2018-11-01 | $659,500 (-0.8%) | $1,074,378 (-11.1%) | 2.21 | 7,925 |
| 2018-12-01 | $657,500 (-3.2%) | $1,090,797 (-12.3%) | 2.25 | 6,621 |
| 2019-01-01 | $659,450 (-3.0%) | $1,089,237 (-10.9%) | 2.27 | 6,424 |
| 2019-02-01 | $669,000 (-4.0%) | $1,109,936 (-10.2%) | 2.24 | 6,455 |
| 2019-03-01 | $684,714 (-2.0%) | $1,131,371 (-8.8%) | 2.23 | 6,419 |
| 2019-04-01 | $699,500 (-0.1%) | $1,159,874 (-5.4%) | 2.20 | 6,436 |
| 2019-05-01 | $717,000 (2.4%) | $1,161,671 (-4.8%) | 2.21 | 6,840 |
| 2019-06-01 | $734,900 (3.7%) | $1,233,633 (2.0%) | 2.26 | 6,920 |
| 2019-07-01 | $717,000 (2.6%) | $1,198,505 (1.6%) | 2.23 | 7,029 |
| 2019-08-01 | $719,429 (5.4%) | $1,183,340 (2.0%) | 2.26 | 6,725 |
| 2019-09-01 | $719,929 (6.7%) | $1,226,578 (10.1%) | 2.29 | 6,381 |
| 2019-10-01 | $722,450 (8.1%) | $1,243,607 (14.5%) | 2.30 | 6,379 |
| 2019-11-01 | $725,000 (9.9%) | $1,267,138 (17.9%) | 2.34 | 5,685 |
| 2019-12-01 | $732,500 (11.4%) | $1,286,893 (18.0%) | 2.44 | 4,737 |
| 2020-01-01 | $729,400 (10.6%) | $1,304,047 (19.7%) | 2.43 | 4,224 |
| 2020-02-01 | $749,900 (12.1%) | $1,368,689 (23.3%) | 2.42 | 4,079 |
| 2020-03-01 | $776,171 (13.4%) | $1,377,067 (21.7%) | 2.43 | 4,278 |
| 2020-04-01 | $746,950 (6.8%) | $1,323,964 (14.2%) | 2.33 | 4,687 |
| 2020-05-01 | $750,000 (4.6%) | $1,294,439 (11.4%) | 2.27 | 4,793 |
| 2020-06-01 | $799,450 (8.8%) | $1,403,615 (13.8%) | 2.33 | 4,369 |
| 2020-07-01 | $825,000 (15.1%) | $1,426,777 (19.1%) | 2.36 | 4,070 |
| 2020-08-01 | $799,000 (11.1%) | $1,455,260 (23.0%) | 2.28 | 3,860 |
| 2020-09-01 | $799,000 (11.0%) | $1,480,863 (20.7%) | 2.28 | 3,834 |
| 2020-10-01 | $810,000 (12.1%) | $1,529,368 (23.0%) | 2.31 | 3,798 |
| 2020-11-01 | $809,500 (11.7%) | $1,612,707 (27.3%) | 2.32 | 3,522 |
| 2020-12-01 | $799,950 (9.2%) | $1,646,427 (27.9%) | 2.35 | 2,798 |
| 2021-01-01 | $815,000 (11.7%) | $1,764,996 (35.4%) | 2.40 | 2,370 |
| 2021-02-01 | $824,950 (10.0%) | $1,751,390 (28.0%) | 2.37 | 2,181 |
| 2021-03-01 | $800,000 (3.1%) | $1,670,001 (21.3%) | 2.24 | 2,177 |
| 2021-04-01 | $819,500 (9.7%) | $1,699,536 (28.4%) | 2.20 | 2,242 |
| 2021-05-01 | $799,000 (6.5%) | $1,576,815 (21.8%) | 2.10 | 2,518 |
| 2021-06-01 | $812,445 (1.6%) | $1,535,235 (9.4%) | 2.11 | 2,822 |
| 2021-07-01 | $819,450 (-0.7%) | $1,490,761 (4.5%) | 2.13 | 3,125 |
| 2021-08-01 | $819,500 (2.6%) | $1,484,326 (2.0%) | 2.15 | 3,071 |
| 2021-09-01 | $809,500 (1.3%) | $1,502,191 (1.4%) | 2.13 | 2,838 |
| 2021-10-01 | $825,000 (1.9%) | $1,571,723 (2.8%) | 2.17 | 2,526 |
| 2021-11-01 | $834,950 (3.1%) | $1,587,649 (-1.6%) | 2.20 | 2,106 |
| 2021-12-01 | $823,950 (3.0%) | $1,661,801 (0.9%) | 2.20 | 1,614 |
| 2022-01-01 | $840,000 (3.1%) | $1,797,133 (1.8%) | 2.24 | 1,444 |
| 2022-02-01 | $850,000 (3.0%) | $1,788,892 (2.1%) | 2.17 | 1,469 |
| 2022-03-01 | $884,050 (10.5%) | $1,740,156 (4.2%) | 2.18 | 1,635 |
| 2022-04-01 | $900,000 (9.8%) | $1,699,681 (0.0%) | 2.12 | 1,902 |
| 2022-05-01 | $926,000 (15.9%) | $1,618,654 (2.7%) | 2.07 | 2,766 |
| 2022-06-01 | $949,000 (16.8%) | $1,561,036 (1.7%) | 2.11 | 3,541 |
| 2022-07-01 | $899,900 (9.8%) | $1,510,610 (1.3%) | 2.00 | 4,543 |
| 2022-08-01 | $897,000 (9.5%) | $1,518,986 (2.3%) | 2.06 | 4,476 |
San Diego's median listing price comes in at 206% of the national average.
San Diego's average listing price for 2022-08-01 was $1,518,986, a difference of $34,660 (2.3%) versus the prior year and $8,376 versus the prior month.
For the 2022-08-01 period, San Diego had 4,476 MLS listings, a difference of -67 listings (-1%) versus the prior month and 1,405 listings (46%) 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 | 41 days | 1,847 sqft |
| 2018-02-01 | 30 days | 1,861 sqft |
| 2018-03-01 | 29 days | 1,881 sqft |
| 2018-04-01 | 29 days | 1,908 sqft |
| 2018-05-01 | 29 days | 1,919 sqft |
| 2018-06-01 | 30 days | 1,911 sqft |
| 2018-07-01 | 32 days | 1,861 sqft |
| 2018-08-01 | 31 days | 1,822 sqft |
| 2018-09-01 | 36 days | 1,804 sqft |
| 2018-10-01 | 36 days | 1,795 sqft |
| 2018-11-01 | 39 days | 1,784 sqft |
| 2018-12-01 | 49 days | 1,787 sqft |
| 2019-01-01 | 46 days | 1,763 sqft |
| 2019-02-01 | 33 days | 1,775 sqft |
| 2019-03-01 | 35 days | 1,812 sqft |
| 2019-04-01 | 32 days | 1,856 sqft |
| 2019-05-01 | 30 days | 1,877 sqft |
| 2019-06-01 | 37 days | 1,913 sqft |
| 2019-07-01 | 41 days | 1,877 sqft |
| 2019-08-01 | 41 days | 1,868 sqft |
| 2019-09-01 | 43 days | 1,856 sqft |
| 2019-10-01 | 43 days | 1,856 sqft |
| 2019-11-01 | 45 days | 1,847 sqft |
| 2019-12-01 | 54 days | 1,825 sqft |
| 2020-01-01 | 50 days | 1,804 sqft |
| 2020-02-01 | 36 days | 1,843 sqft |
| 2020-03-01 | 34 days | 1,847 sqft |
| 2020-04-01 | 38 days | 1,788 sqft |
| 2020-05-01 | 43 days | 1,800 sqft |
| 2020-06-01 | 37 days | 1,832 sqft |
| 2020-07-01 | 36 days | 1,835 sqft |
| 2020-08-01 | 32 days | 1,758 sqft |
| 2020-09-01 | 32 days | 1,743 sqft |
| 2020-10-01 | 24 days | 1,732 sqft |
| 2020-11-01 | 36 days | 1,722 sqft |
| 2020-12-01 | 42 days | 1,721 sqft |
| 2021-01-01 | 38 days | 1,714 sqft |
| 2021-02-01 | 30 days | 1,702 sqft |
| 2021-03-01 | 30 days | 1,671 sqft |
| 2021-04-01 | 28 days | 1,692 sqft |
| 2021-05-01 | 26 days | 1,664 sqft |
| 2021-06-01 | 26 days | 1,671 sqft |
| 2021-07-01 | 27 days | 1,681 sqft |
| 2021-08-01 | 29 days | 1,689 sqft |
| 2021-09-01 | 31 days | 1,681 sqft |
| 2021-10-01 | 32 days | 1,680 sqft |
| 2021-11-01 | 33 days | 1,681 sqft |
| 2021-12-01 | 36 days | 1,668 sqft |
| 2022-01-01 | 35 days | 1,638 sqft |
| 2022-02-01 | 24 days | 1,636 sqft |
| 2022-03-01 | 23 days | 1,681 sqft |
| 2022-04-01 | 21 days | 1,714 sqft |
| 2022-05-01 | 21 days | 1,711 sqft |
| 2022-06-01 | 22 days | 1,732 sqft |
| 2022-07-01 | 27 days | 1,700 sqft |
| 2022-08-01 | 32 days | 1,682 sqft |
San Diego's median square footage for active listings during the 2022-08-01 period was 1,682 sqft. One year prior, the average listing was 1,689 sqft.
