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 5.09% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.38% and one month ago for the week of 2022-04-15, the average rate was 4.97%.

The average rate one year ago was 3.22%.

For refis of the same type during the week of 2022-05-20, the average rate was 4.89%.

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 .