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%.
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
.
