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 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
0.08%
for the week of 2023-01-20, compared to the national average (all USDA variants) of
0% for the same period.
San Diego's average USDA mortgage closing costs are $10,001.
The average rate for the prior week (2023-01-13) was
6.32% and
one month ago for the week of 2022-12-16, the
average rate was 6.3%.
The average rate one year ago was 3.61%.
For refis of the same type during the week of 2023-01-20, the average rate
was -0.43%.
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 | 2021 Avg. 30yFix Rate | 2021 Avg. Closing Costs |
|---|---|---|---|
| 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 | $679,450 (5.0%) | $1,222,221 (0.5%) | 2.52 | 4,270 |
| 2018-02-01 | $693,103 (3.9%) | $1,240,396 (-1.5%) | 2.52 | 4,507 |
| 2018-03-01 | $699,000 (3.2%) | $1,243,686 (-0.9%) | 2.45 | 4,933 |
| 2018-04-01 | $699,897 (0.1%) | $1,226,353 (-3.8%) | 2.37 | 5,570 |
| 2018-05-01 | $704,224 (0.6%) | $1,225,944 (-3.9%) | 2.35 | 5,988 |
| 2018-06-01 | $710,000 (1.4%) | $1,213,250 (-3.0%) | 2.37 | 6,378 |
| 2018-07-01 | $699,000 (0.0%) | $1,184,885 (-4.5%) | 2.33 | 6,979 |
| 2018-08-01 | $684,500 (-0.7%) | $1,161,007 (-4.9%) | 2.29 | 7,491 |
| 2018-09-01 | $675,495 (-0.5%) | $1,113,445 (-7.9%) | 2.27 | 7,778 |
| 2018-10-01 | $669,000 (-0.7%) | $1,088,538 (-9.4%) | 2.26 | 7,880 |
| 2018-11-01 | $659,950 (-0.8%) | $1,076,574 (-11.2%) | 2.24 | 7,806 |
| 2018-12-01 | $659,000 (-3.0%) | $1,087,837 (-13.0%) | 2.27 | 6,540 |
| 2019-01-01 | $659,250 (-3.0%) | $1,085,010 (-11.2%) | 2.28 | 6,331 |
| 2019-02-01 | $669,100 (-3.5%) | $1,108,790 (-10.6%) | 2.26 | 6,367 |
| 2019-03-01 | $684,714 (-2.0%) | $1,135,608 (-8.7%) | 2.24 | 6,368 |
| 2019-04-01 | $699,500 (-0.1%) | $1,166,280 (-4.9%) | 2.22 | 6,436 |
| 2019-05-01 | $717,000 (1.8%) | $1,165,725 (-4.9%) | 2.24 | 6,811 |
| 2019-06-01 | $720,000 (1.4%) | $1,210,045 (-0.3%) | 2.25 | 6,915 |
| 2019-07-01 | $712,000 (1.9%) | $1,192,168 (0.6%) | 2.23 | 7,019 |
| 2019-08-01 | $710,908 (3.9%) | $1,178,203 (1.5%) | 2.25 | 6,869 |
| 2019-09-01 | $704,772 (4.3%) | $1,182,323 (6.2%) | 2.26 | 6,609 |
| 2019-10-01 | $705,631 (5.5%) | $1,192,622 (9.6%) | 2.28 | 6,366 |
| 2019-11-01 | $714,888 (8.3%) | $1,276,286 (18.6%) | 2.34 | 5,681 |
| 2019-12-01 | $717,000 (8.8%) | $1,257,508 (15.6%) | 2.39 | 4,727 |
| 2020-01-01 | $710,000 (7.7%) | $1,258,645 (16.0%) | 2.37 | 4,242 |
| 2020-02-01 | $725,000 (8.4%) | $1,285,219 (15.9%) | 2.37 | 4,103 |
| 2020-03-01 | $749,000 (9.4%) | $1,282,517 (12.9%) | 2.35 | 4,314 |
| 2020-04-01 | $724,950 (3.6%) | $1,244,323 (6.7%) | 2.27 | 4,689 |
| 2020-05-01 | $749,000 (4.5%) | $1,235,496 (6.0%) | 2.28 | 4,835 |
| 2020-06-01 | $767,000 (6.5%) | $1,352,786 (11.8%) | 2.26 | 4,416 |
| 2020-07-01 | $789,400 (10.9%) | $1,341,209 (12.5%) | 2.29 | 4,110 |
| 2020-08-01 | $780,000 (9.7%) | $1,397,272 (18.6%) | 2.24 | 3,905 |
| 2020-09-01 | $775,000 (10.0%) | $1,410,312 (19.3%) | 2.22 | 3,865 |
| 2020-10-01 | $775,000 (9.8%) | $1,433,302 (20.2%) | 2.22 | 3,832 |
| 2020-11-01 | $760,888 (6.4%) | $1,446,089 (13.3%) | 2.22 | 3,465 |
| 2020-12-01 | $767,250 (7.0%) | $1,496,214 (19.0%) | 2.28 | 2,811 |
| 2021-01-01 | $774,450 (9.1%) | $1,628,027 (29.4%) | 2.31 | 2,381 |
| 2021-02-01 | $781,000 (7.7%) | $1,613,162 (25.5%) | 2.27 | 2,215 |
| 2021-03-01 | $782,450 (4.5%) | $1,560,651 (21.7%) | 2.22 | 2,220 |
| 2021-04-01 | $799,450 (10.3%) | $1,612,786 (29.6%) | 2.16 | 2,294 |
| 2021-05-01 | $799,000 (6.7%) | $1,556,906 (26.0%) | 2.11 | 2,572 |
| 2021-06-01 | $809,900 (5.6%) | $1,521,378 (12.5%) | 2.13 | 2,877 |
| 2021-07-01 | $815,000 (3.2%) | $1,483,872 (10.6%) | 2.15 | 3,151 |
| 2021-08-01 | $817,450 (4.8%) | $1,476,453 (5.7%) | 2.18 | 3,120 |
| 2021-09-01 | $800,000 (3.2%) | $1,497,145 (6.2%) | 2.13 | 2,889 |
| 2021-10-01 | $824,945 (6.4%) | $1,556,406 (8.6%) | 2.20 | 2,577 |
| 2021-11-01 | $831,000 (9.2%) | $1,579,735 (9.2%) | 2.22 | 2,134 |
| 2021-12-01 | $820,000 (6.9%) | $1,654,528 (10.6%) | 2.22 | 1,642 |
| 2022-01-01 | $839,900 (8.5%) | $1,787,741 (9.8%) | 2.27 | 1,484 |
| 2022-02-01 | $849,950 (8.8%) | $1,773,999 (10.0%) | 2.21 | 1,508 |
| 2022-03-01 | $876,375 (12.0%) | $1,733,901 (11.1%) | 2.19 | 1,680 |
| 2022-04-01 | $899,999 (12.6%) | $1,701,329 (5.5%) | 2.15 | 1,949 |
| 2022-05-01 | $923,091 (15.5%) | $1,582,726 (1.7%) | 2.11 | 2,803 |
| 2022-06-01 | $948,250 (17.1%) | $1,526,782 (0.4%) | 2.11 | 3,595 |
| 2022-07-01 | $899,900 (10.4%) | $1,477,418 (-0.4%) | 2.04 | 4,583 |
| 2022-08-01 | $896,500 (9.7%) | $1,473,306 (-0.2%) | 2.07 | 4,516 |
| 2022-09-01 | $887,560 (11.0%) | $1,468,780 (-1.9%) | 2.08 | 4,177 |
| 2022-10-01 | $890,000 (7.9%) | $1,448,956 (-6.9%) | 2.09 | 4,158 |
| 2022-11-01 | $884,000 (6.4%) | $1,441,142 (-8.8%) | 2.13 | 4,005 |
| 2022-12-01 | $899,000 (9.6%) | $1,477,035 (-10.7%) | 2.25 | 3,220 |
San Diego's median listing price comes in at 225% of the national average.
San Diego's average listing price for 2022-12-01 was $1,477,035, a difference of $-177,493 (-10.7%) versus the prior year and $35,893 versus the prior month.
For the 2022-12-01 period, San Diego had 3,220 MLS listings, a difference of -785 listings (-20%) versus the prior month and 1,578 listings (96%) 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 | 40 days | 1,842 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 | 29 days | 1,913 sqft |
| 2018-06-01 | 30 days | 1,907 sqft |
| 2018-07-01 | 32 days | 1,858 sqft |
| 2018-08-01 | 31 days | 1,815 sqft |
| 2018-09-01 | 36 days | 1,800 sqft |
| 2018-10-01 | 36 days | 1,790 sqft |
| 2018-11-01 | 39 days | 1,779 sqft |
| 2018-12-01 | 49 days | 1,786 sqft |
| 2019-01-01 | 46 days | 1,761 sqft |
| 2019-02-01 | 33 days | 1,777 sqft |
| 2019-03-01 | 35 days | 1,814 sqft |
| 2019-04-01 | 33 days | 1,854 sqft |
| 2019-05-01 | 32 days | 1,873 sqft |
| 2019-06-01 | 41 days | 1,880 sqft |
| 2019-07-01 | 43 days | 1,870 sqft |
| 2019-08-01 | 44 days | 1,858 sqft |
| 2019-09-01 | 44 days | 1,839 sqft |
| 2019-10-01 | 45 days | 1,831 sqft |
| 2019-11-01 | 48 days | 1,824 sqft |
| 2019-12-01 | 59 days | 1,797 sqft |
| 2020-01-01 | 56 days | 1,781 sqft |
| 2020-02-01 | 40 days | 1,800 sqft |
| 2020-03-01 | 40 days | 1,806 sqft |
| 2020-04-01 | 44 days | 1,754 sqft |
| 2020-05-01 | 49 days | 1,784 sqft |
| 2020-06-01 | 43 days | 1,787 sqft |
| 2020-07-01 | 44 days | 1,789 sqft |
| 2020-08-01 | 38 days | 1,728 sqft |
| 2020-09-01 | 39 days | 1,695 sqft |
| 2020-10-01 | 43 days | 1,696 sqft |
| 2020-11-01 | 48 days | 1,680 sqft |
| 2020-12-01 | 59 days | 1,686 sqft |
| 2021-01-01 | 56 days | 1,671 sqft |
| 2021-02-01 | 39 days | 1,672 sqft |
| 2021-03-01 | 36 days | 1,659 sqft |
| 2021-04-01 | 33 days | 1,687 sqft |
| 2021-05-01 | 28 days | 1,664 sqft |
| 2021-06-01 | 29 days | 1,666 sqft |
| 2021-07-01 | 29 days | 1,670 sqft |
| 2021-08-01 | 30 days | 1,684 sqft |
| 2021-09-01 | 33 days | 1,674 sqft |
| 2021-10-01 | 35 days | 1,674 sqft |
| 2021-11-01 | 38 days | 1,677 sqft |
| 2021-12-01 | 47 days | 1,654 sqft |
| 2022-01-01 | 42 days | 1,637 sqft |
| 2022-02-01 | 28 days | 1,633 sqft |
| 2022-03-01 | 25 days | 1,679 sqft |
| 2022-04-01 | 23 days | 1,712 sqft |
| 2022-05-01 | 23 days | 1,706 sqft |
| 2022-06-01 | 25 days | 1,730 sqft |
| 2022-07-01 | 30 days | 1,698 sqft |
| 2022-08-01 | 36 days | 1,680 sqft |
| 2022-09-01 | 40 days | 1,673 sqft |
| 2022-10-01 | 40 days | 1,679 sqft |
| 2022-11-01 | 44 days | 1,687 sqft |
| 2022-12-01 | 56 days | 1,700 sqft |
San Diego's median square footage for active listings during the 2022-12-01 period was 1,700 sqft. One year prior, the average listing was 1,654 sqft.