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%.

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 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 for 2022-08-01 was $897,000, a difference of $77,500 (9.5%) versus the prior year and $-2,900 versus the prior month.

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 listing age (time on market) for 2022-08-01 was 32 days. This is 12% longer than the same period one year ago.

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.