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 9 lenders originated 9 USDA loans during 2022. The total origination value was $3,705,000, with an average USDA loan value of $411,667.
San Diego USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in San Diego
averaged
-0.94%
for the week of 2023-06-02, compared to the national average (all USDA variants) of
0% for the same period.
San Diego's average USDA mortgage closing costs are $10,138.
The average rate for the prior week (2023-05-26) was
6.1% and
one month ago for the week of 2023-04-28, the
average rate was 5.78%.
The average rate one year ago was 4.35%.
For refis of the same type during the week of 2023-06-02, the average rate
was -1.67%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| CALIBER HOME LOANS, INC. | 1 | 2.55% | $11,566 |
| CARDINAL FINANCIAL | 1 | 3.99% | $8,362 |
| Carrington Mortgage Services, LLC | 1 | 6.63% | $15,691 |
| CMG MORTGAGE, INC. | 1 | 5.50% | $15,643 |
| DIGNIFIED HOME LOANS, LLC | 1 | 6.13% | $12,632 |
| HOME POINT FINANCIAL CORPORATION | 1 | 4.88% | $7,943 |
| MOVEMENT MORTGAGE, LLC | 1 | 3.63% | $7,676 |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | 1 | 3.38% | $12,665 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 3.99% | $21,116 |
The top San Diego USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with
1 USDA loans originated. Their average total fees are
$11,566, which is $3,204
higher than the next largest lender,
CARDINAL FINANCIAL.
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%) | $1,222,393 (0.5%) | 2.52 | 4,269 |
| 2018-02-01 | $693,299 (3.9%) | $1,240,565 (-1.5%) | 2.52 | 4,506 |
| 2018-03-01 | $699,000 (3.2%) | $1,243,847 (-0.9%) | 2.45 | 4,932 |
| 2018-04-01 | $699,900 (0.1%) | $1,226,489 (-3.8%) | 2.37 | 5,569 |
| 2018-05-01 | $704,337 (0.6%) | $1,226,065 (-3.9%) | 2.35 | 5,987 |
| 2018-06-01 | $710,000 (1.4%) | $1,213,368 (-3.0%) | 2.37 | 6,377 |
| 2018-07-01 | $699,000 (0.0%) | $1,184,991 (-4.5%) | 2.33 | 6,978 |
| 2018-08-01 | $684,500 (-0.7%) | $1,161,104 (-4.9%) | 2.29 | 7,490 |
| 2018-09-01 | $675,990 (-0.4%) | $1,113,534 (-7.9%) | 2.27 | 7,777 |
| 2018-10-01 | $669,000 (-0.8%) | $1,088,623 (-9.4%) | 2.27 | 7,879 |
| 2018-11-01 | $659,950 (-0.8%) | $1,076,657 (-11.2%) | 2.24 | 7,805 |
| 2018-12-01 | $659,000 (-3.0%) | $1,087,930 (-13.0%) | 2.27 | 6,539 |
| 2019-01-01 | $659,500 (-2.9%) | $1,085,113 (-11.2%) | 2.28 | 6,330 |
| 2019-02-01 | $669,200 (-3.5%) | $1,108,895 (-10.6%) | 2.26 | 6,366 |
| 2019-03-01 | $684,968 (-2.0%) | $1,135,864 (-8.7%) | 2.24 | 6,365 |
| 2019-04-01 | $701,975 (0.3%) | $1,166,713 (-4.9%) | 2.23 | 6,430 |
| 2019-05-01 | $717,000 (1.8%) | $1,166,267 (-4.9%) | 2.24 | 6,801 |
| 2019-06-01 | $720,000 (1.4%) | $1,210,819 (-0.2%) | 2.25 | 6,899 |
| 2019-07-01 | $712,250 (1.9%) | $1,192,899 (0.7%) | 2.23 | 7,001 |
| 2019-08-01 | $710,909 (3.9%) | $1,178,601 (1.5%) | 2.25 | 6,848 |
| 2019-09-01 | $704,773 (4.3%) | $1,182,764 (6.2%) | 2.26 | 6,587 |
| 2019-10-01 | $705,682 (5.5%) | $1,193,127 (9.6%) | 2.28 | 6,343 |
| 2019-11-01 | $714,990 (8.3%) | $1,277,014 (18.6%) | 2.34 | 5,658 |
| 2019-12-01 | $717,400 (8.9%) | $1,258,372 (15.7%) | 2.39 | 4,704 |
| 2020-01-01 | $711,725 (7.9%) | $1,259,665 (16.1%) | 2.38 | 4,219 |
| 2020-02-01 | $725,000 (8.3%) | $1,286,364 (16.0%) | 2.38 | 4,080 |
| 2020-03-01 | $749,000 (9.4%) | $1,283,581 (13.0%) | 2.35 | 4,290 |
| 2020-04-01 | $725,000 (3.3%) | $1,245,043 (6.7%) | 2.27 | 4,665 |
| 2020-05-01 | $749,000 (4.5%) | $1,236,262 (6.0%) | 2.28 | 4,811 |
| 2020-06-01 | $767,000 (6.5%) | $1,354,142 (11.8%) | 2.26 | 4,392 |
| 2020-07-01 | $789,613 (10.9%) | $1,342,562 (12.6%) | 2.29 | 4,086 |
| 2020-08-01 | $784,500 (10.4%) | $1,399,008 (18.7%) | 2.25 | 3,882 |
| 2020-09-01 | $775,000 (10.0%) | $1,411,970 (19.4%) | 2.22 | 3,842 |
| 2020-10-01 | $775,000 (9.8%) | $1,435,239 (20.3%) | 2.22 | 3,808 |
| 2020-11-01 | $762,000 (6.6%) | $1,447,998 (13.4%) | 2.23 | 3,441 |
| 2020-12-01 | $768,375 (7.1%) | $1,499,059 (19.1%) | 2.29 | 2,787 |
| 2021-01-01 | $775,000 (8.9%) | $1,632,753 (29.6%) | 2.31 | 2,357 |
| 2021-02-01 | $784,000 (8.1%) | $1,617,394 (25.7%) | 2.28 | 2,192 |
| 2021-03-01 | $786,950 (5.1%) | $1,564,283 (21.9%) | 2.23 | 2,197 |
| 2021-04-01 | $799,450 (10.3%) | $1,616,523 (29.8%) | 2.16 | 2,270 |
| 2021-05-01 | $799,000 (6.7%) | $1,560,459 (26.2%) | 2.13 | 2,548 |
| 2021-06-01 | $809,950 (5.6%) | $1,523,939 (12.5%) | 2.13 | 2,854 |
| 2021-07-01 | $819,000 (3.7%) | $1,486,353 (10.7%) | 2.16 | 3,130 |
| 2021-08-01 | $821,650 (4.7%) | $1,478,471 (5.7%) | 2.19 | 3,099 |
| 2021-09-01 | $802,500 (3.6%) | $1,499,160 (6.2%) | 2.14 | 2,865 |
| 2021-10-01 | $825,000 (6.5%) | $1,559,805 (8.7%) | 2.20 | 2,553 |
| 2021-11-01 | $834,000 (9.5%) | $1,583,624 (9.4%) | 2.23 | 2,111 |
| 2021-12-01 | $822,750 (7.1%) | $1,659,581 (10.7%) | 2.23 | 1,619 |
| 2022-01-01 | $848,500 (9.5%) | $1,795,695 (10.0%) | 2.29 | 1,464 |
| 2022-02-01 | $850,000 (8.4%) | $1,781,404 (10.1%) | 2.21 | 1,484 |
| 2022-03-01 | $881,500 (12.0%) | $1,740,499 (11.3%) | 2.21 | 1,656 |
| 2022-04-01 | $900,000 (12.6%) | $1,709,012 (5.7%) | 2.15 | 1,926 |
| 2022-05-01 | $926,750 (16.0%) | $1,590,139 (1.9%) | 2.12 | 2,779 |
| 2022-06-01 | $949,000 (17.2%) | $1,530,637 (0.4%) | 2.11 | 3,571 |
| 2022-07-01 | $899,948 (9.9%) | $1,480,093 (-0.4%) | 2.03 | 4,559 |
| 2022-08-01 | $897,000 (9.2%) | $1,476,407 (-0.1%) | 2.07 | 4,492 |
| 2022-09-01 | $888,699 (10.7%) | $1,470,641 (-1.9%) | 2.08 | 4,153 |
| 2022-10-01 | $891,423 (8.1%) | $1,450,462 (-7.0%) | 2.10 | 4,136 |
| 2022-11-01 | $884,500 (6.1%) | $1,442,722 (-8.9%) | 2.13 | 3,983 |
| 2022-12-01 | $899,000 (9.3%) | $1,486,328 (-10.4%) | 2.22 | 3,158 |
| 2023-01-01 | $906,175 (6.8%) | $1,568,600 (-12.7%) | 2.25 | 2,597 |
| 2023-02-01 | $932,450 (9.7%) | $1,642,160 (-7.8%) | 2.25 | 2,287 |
| 2023-03-01 | $949,500 (7.7%) | $1,705,971 (-2.0%) | 2.24 | 2,064 |
| 2023-04-01 | $999,970 (11.1%) | $1,883,665 (10.2%) | 2.33 | 1,948 |
| 2023-05-01 | $1,055,000 (13.8%) | $1,904,683 (19.8%) | 2.39 | 2,066 |
San Diego's median listing price comes in at 239% of the national average.
San Diego's average listing price for 2023-05-01 was $1,904,683, a difference of $314,544 (19.8%) versus the prior year and $21,018 versus the prior month.
For the 2023-05-01 period, San Diego had 2,066 MLS listings, a difference of 118 listings (6%) versus the prior month and -713 listings (-26%) 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 | 39 days | 1,843 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 | 28 days | 1,913 sqft |
| 2018-06-01 | 29 days | 1,908 sqft |
| 2018-07-01 | 31 days | 1,858 sqft |
| 2018-08-01 | 31 days | 1,815 sqft |
| 2018-09-01 | 35 days | 1,800 sqft |
| 2018-10-01 | 36 days | 1,790 sqft |
| 2018-11-01 | 39 days | 1,779 sqft |
| 2018-12-01 | 47 days | 1,786 sqft |
| 2019-01-01 | 45 days | 1,761 sqft |
| 2019-02-01 | 32 days | 1,777 sqft |
| 2019-03-01 | 34 days | 1,815 sqft |
| 2019-04-01 | 32 days | 1,855 sqft |
| 2019-05-01 | 32 days | 1,874 sqft |
| 2019-06-01 | 40 days | 1,881 sqft |
| 2019-07-01 | 42 days | 1,871 sqft |
| 2019-08-01 | 43 days | 1,859 sqft |
| 2019-09-01 | 43 days | 1,839 sqft |
| 2019-10-01 | 44 days | 1,831 sqft |
| 2019-11-01 | 47 days | 1,824 sqft |
| 2019-12-01 | 58 days | 1,797 sqft |
| 2020-01-01 | 55 days | 1,781 sqft |
| 2020-02-01 | 39 days | 1,800 sqft |
| 2020-03-01 | 39 days | 1,806 sqft |
| 2020-04-01 | 43 days | 1,754 sqft |
| 2020-05-01 | 46 days | 1,784 sqft |
| 2020-06-01 | 43 days | 1,786 sqft |
| 2020-07-01 | 43 days | 1,789 sqft |
| 2020-08-01 | 37 days | 1,728 sqft |
| 2020-09-01 | 38 days | 1,695 sqft |
| 2020-10-01 | 40 days | 1,696 sqft |
| 2020-11-01 | 47 days | 1,679 sqft |
| 2020-12-01 | 57 days | 1,686 sqft |
| 2021-01-01 | 52 days | 1,671 sqft |
| 2021-02-01 | 37 days | 1,672 sqft |
| 2021-03-01 | 34 days | 1,659 sqft |
| 2021-04-01 | 32 days | 1,687 sqft |
| 2021-05-01 | 28 days | 1,664 sqft |
| 2021-06-01 | 27 days | 1,666 sqft |
| 2021-07-01 | 29 days | 1,670 sqft |
| 2021-08-01 | 30 days | 1,685 sqft |
| 2021-09-01 | 33 days | 1,674 sqft |
| 2021-10-01 | 34 days | 1,674 sqft |
| 2021-11-01 | 37 days | 1,677 sqft |
| 2021-12-01 | 45 days | 1,654 sqft |
| 2022-01-01 | 39 days | 1,637 sqft |
| 2022-02-01 | 26 days | 1,633 sqft |
| 2022-03-01 | 24 days | 1,680 sqft |
| 2022-04-01 | 23 days | 1,714 sqft |
| 2022-05-01 | 22 days | 1,706 sqft |
| 2022-06-01 | 24 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 | 39 days | 1,679 sqft |
| 2022-11-01 | 44 days | 1,686 sqft |
| 2022-12-01 | 54 days | 1,700 sqft |
| 2023-01-01 | 54 days | 1,690 sqft |
| 2023-02-01 | 38 days | 1,682 sqft |
| 2023-03-01 | 37 days | 1,733 sqft |
| 2023-04-01 | 33 days | 1,801 sqft |
| 2023-05-01 | 30 days | 1,846 sqft |
San Diego's median square footage for active listings during the 2023-05-01 period was 1,846 sqft. One year prior, the average listing was 1,706 sqft.