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%.

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/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 for 2022-12-01 was $899,000, a difference of $79,000 (9.6%) versus the prior year and $15,000 versus the prior month.

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 listing age (time on market) for 2022-12-01 was 56 days. This is 20% longer than the same period one year ago.

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.