San Francisco USDA Loan Rates, Closing Costs & Stats
San Francisco-Oakland-Berkeley, 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 Francisco's 1 lenders originated 2 USDA loans during 2022. The total origination value was $1,340,000, with an average USDA loan value of $670,000.
San Francisco USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in San Francisco
averaged
5.51%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
San Francisco's average USDA mortgage closing costs are $11,568.
The average rate for the prior week (2023-05-19) was
5.66% and
one month ago for the week of 2023-04-21, the
average rate was 5.56%.
The average rate one year ago was 4.38%.
For refis of the same type during the week of 2023-05-26, the average rate
was 4.58%.
San Francisco 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 Francisco level.
| Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | 1 | 6.25% | $17,928 |
The lowest fee San Francisco USDA lenders (with over 10 loans originated) are
.
The lowest rate San Francisco USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - San Francisco (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 | $843,722 (6.9%) | $1,502,824 (14.4%) | 3.13 | 2,294 |
| 2018-02-01 | $898,500 (6.4%) | $1,547,349 (12.0%) | 3.27 | 2,716 |
| 2018-03-01 | $949,000 (6.2%) | $1,582,709 (10.9%) | 3.33 | 3,122 |
| 2018-04-01 | $986,856 (9.8%) | $1,610,195 (8.1%) | 3.35 | 3,620 |
| 2018-05-01 | $996,500 (10.7%) | $1,616,330 (8.3%) | 3.33 | 4,074 |
| 2018-06-01 | $988,000 (9.5%) | $1,574,951 (5.9%) | 3.29 | 4,494 |
| 2018-07-01 | $927,500 (6.0%) | $1,481,163 (3.7%) | 3.10 | 4,809 |
| 2018-08-01 | $889,000 (4.7%) | $1,383,831 (-0.7%) | 2.98 | 4,925 |
| 2018-09-01 | $899,000 (2.8%) | $1,401,721 (-4.4%) | 3.02 | 5,961 |
| 2018-10-01 | $899,000 (0.0%) | $1,409,946 (-8.0%) | 3.04 | 6,158 |
| 2018-11-01 | $889,750 (-1.0%) | $1,428,592 (-8.0%) | 3.02 | 5,844 |
| 2018-12-01 | $849,950 (-3.3%) | $1,339,459 (-16.3%) | 2.93 | 4,174 |
| 2019-01-01 | $831,417 (-1.5%) | $1,301,294 (-13.4%) | 2.87 | 3,563 |
| 2019-02-01 | $887,000 (-1.3%) | $1,416,706 (-8.4%) | 3.00 | 4,084 |
| 2019-03-01 | $920,000 (-3.1%) | $1,460,953 (-7.7%) | 3.07 | 4,617 |
| 2019-04-01 | $947,444 (-4.0%) | $1,529,223 (-5.0%) | 3.01 | 4,898 |
| 2019-05-01 | $968,500 (-2.8%) | $1,494,490 (-7.5%) | 3.03 | 5,465 |
| 2019-06-01 | $959,950 (-2.8%) | $1,484,044 (-5.8%) | 3.00 | 5,927 |
| 2019-07-01 | $927,000 (-0.1%) | $1,529,948 (3.3%) | 2.90 | 5,830 |
| 2019-08-01 | $899,950 (1.2%) | $1,586,053 (14.6%) | 2.82 | 5,544 |
| 2019-09-01 | $950,000 (5.7%) | $1,613,431 (15.1%) | 3.00 | 4,791 |
| 2019-10-01 | $949,500 (5.6%) | $1,541,408 (9.3%) | 3.06 | 6,087 |
| 2019-11-01 | $949,000 (6.7%) | $1,609,486 (12.7%) | 3.11 | 4,960 |
| 2019-12-01 | $899,000 (5.8%) | $1,686,261 (25.9%) | 3.00 | 2,990 |
| 2020-01-01 | $893,500 (7.5%) | $1,699,296 (30.6%) | 2.99 | 2,563 |
| 2020-02-01 | $997,000 (12.4%) | $1,747,168 (23.3%) | 3.26 | 3,088 |
| 2020-03-01 | $998,944 (8.6%) | $1,709,840 (17.0%) | 3.13 | 3,526 |
| 2020-04-01 | $958,219 (1.1%) | $1,534,690 (0.4%) | 3.00 | 3,419 |
| 2020-05-01 | $999,888 (3.2%) | $1,610,995 (7.8%) | 3.04 | 4,583 |
| 2020-06-01 | $1,078,750 (12.4%) | $1,662,007 (12.0%) | 3.18 | 4,952 |
| 2020-07-01 | $1,091,500 (17.8%) | $1,679,555 (9.8%) | 3.16 | 5,062 |
| 2020-08-01 | $1,050,000 (16.7%) | $1,673,332 (5.5%) | 3.01 | 5,205 |
| 2020-09-01 | $1,052,254 (10.8%) | $1,676,293 (3.9%) | 3.02 | 5,405 |
| 2020-10-01 | $1,070,000 (12.7%) | $1,673,373 (8.6%) | 3.07 | 5,810 |
| 2020-11-01 | $1,049,000 (10.5%) | $1,662,686 (3.3%) | 3.07 | 5,172 |
| 2020-12-01 | $998,250 (11.0%) | $1,709,727 (1.4%) | 2.97 | 3,718 |
| 2021-01-01 | $989,000 (10.7%) | $1,747,263 (2.8%) | 2.95 | 3,040 |
| 2021-02-01 | $999,498 (0.3%) | $1,772,590 (1.5%) | 2.91 | 3,232 |
| 2021-03-01 | $1,014,498 (1.6%) | $1,858,285 (8.7%) | 2.88 | 3,374 |
| 2021-04-01 | $1,049,500 (9.5%) | $1,865,405 (21.6%) | 2.84 | 3,460 |
| 2021-05-01 | $1,079,925 (8.0%) | $1,871,223 (16.2%) | 2.87 | 3,498 |
| 2021-06-01 | $1,062,750 (-1.5%) | $1,795,584 (8.0%) | 2.80 | 3,903 |
| 2021-07-01 | $999,000 (-8.5%) | $1,685,355 (0.4%) | 2.64 | 4,248 |
| 2021-08-01 | $995,000 (-5.2%) | $1,642,094 (-1.9%) | 2.65 | 4,270 |
| 2021-09-01 | $993,500 (-5.6%) | $1,695,927 (1.2%) | 2.65 | 4,607 |
| 2021-10-01 | $996,500 (-6.9%) | $1,757,446 (5.0%) | 2.66 | 4,573 |
| 2021-11-01 | $983,750 (-6.2%) | $1,869,760 (12.5%) | 2.63 | 3,551 |
| 2021-12-01 | $949,000 (-4.9%) | $1,844,451 (7.9%) | 2.57 | 2,331 |
| 2022-01-01 | $949,000 (-4.0%) | $1,743,484 (-0.2%) | 2.57 | 2,034 |
| 2022-02-01 | $992,000 (-0.8%) | $1,754,739 (-1.0%) | 2.58 | 2,482 |
| 2022-03-01 | $1,047,500 (3.3%) | $1,732,477 (-6.8%) | 2.62 | 3,008 |
| 2022-04-01 | $1,098,000 (4.6%) | $1,752,732 (-6.0%) | 2.62 | 3,395 |
| 2022-05-01 | $1,124,000 (4.1%) | $1,731,909 (-7.5%) | 2.57 | 4,616 |
| 2022-06-01 | $1,144,500 (7.7%) | $1,717,936 (-4.3%) | 2.55 | 5,680 |
| 2022-07-01 | $1,098,000 (9.9%) | $1,627,106 (-3.5%) | 2.48 | 6,245 |
| 2022-08-01 | $1,043,000 (4.8%) | $1,568,280 (-4.5%) | 2.41 | 5,969 |
| 2022-09-01 | $1,089,444 (9.7%) | $1,647,284 (-2.9%) | 2.55 | 5,923 |
| 2022-10-01 | $1,090,000 (9.4%) | $1,692,939 (-3.7%) | 2.56 | 6,027 |
| 2022-11-01 | $1,037,000 (5.4%) | $1,690,579 (-9.6%) | 2.49 | 5,369 |
| 2022-12-01 | $993,210 (4.7%) | $1,666,894 (-9.6%) | 2.45 | 3,656 |
| 2023-01-01 | $978,500 (3.1%) | $1,644,241 (-5.7%) | 2.42 | 2,987 |
| 2023-02-01 | $1,008,750 (1.7%) | $1,759,086 (0.3%) | 2.43 | 3,089 |
| 2023-03-01 | $1,080,000 (3.1%) | $1,802,730 (4.1%) | 2.54 | 3,163 |
| 2023-04-01 | $1,150,000 (4.7%) | $1,885,548 (7.6%) | 2.67 | 3,341 |
San Francisco's median listing price comes in at 267% of the national average.
San Francisco's average listing price for 2023-04-01 was $1,885,548, a difference of $132,816 (7.6%) versus the prior year and $82,818 versus the prior month.
For the 2023-04-01 period, San Francisco had 3,341 MLS listings, a difference of 178 listings (6%) versus the prior month and -54 listings (-2%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - San Francisco (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 31 days | 1,719 sqft |
| 2018-02-01 | 19 days | 1,741 sqft |
| 2018-03-01 | 21 days | 1,763 sqft |
| 2018-04-01 | 23 days | 1,798 sqft |
| 2018-05-01 | 21 days | 1,811 sqft |
| 2018-06-01 | 24 days | 1,785 sqft |
| 2018-07-01 | 29 days | 1,743 sqft |
| 2018-08-01 | 30 days | 1,714 sqft |
| 2018-09-01 | 27 days | 1,696 sqft |
| 2018-10-01 | 31 days | 1,694 sqft |
| 2018-11-01 | 37 days | 1,664 sqft |
| 2018-12-01 | 50 days | 1,620 sqft |
| 2019-01-01 | 49 days | 1,605 sqft |
| 2019-02-01 | 26 days | 1,642 sqft |
| 2019-03-01 | 28 days | 1,717 sqft |
| 2019-04-01 | 27 days | 1,778 sqft |
| 2019-05-01 | 26 days | 1,821 sqft |
| 2019-06-01 | 32 days | 1,795 sqft |
| 2019-07-01 | 36 days | 1,763 sqft |
| 2019-08-01 | 41 days | 1,786 sqft |
| 2019-09-01 | 43 days | 1,810 sqft |
| 2019-10-01 | 37 days | 1,705 sqft |
| 2019-11-01 | 50 days | 1,698 sqft |
| 2019-12-01 | 68 days | 1,708 sqft |
| 2020-01-01 | 54 days | 1,682 sqft |
| 2020-02-01 | 23 days | 1,720 sqft |
| 2020-03-01 | 25 days | 1,754 sqft |
| 2020-04-01 | 39 days | 1,756 sqft |
| 2020-05-01 | 32 days | 1,760 sqft |
| 2020-06-01 | 32 days | 1,713 sqft |
| 2020-07-01 | 33 days | 1,635 sqft |
| 2020-08-01 | 36 days | 1,586 sqft |
| 2020-09-01 | 36 days | 1,549 sqft |
| 2020-10-01 | 35 days | 1,541 sqft |
| 2020-11-01 | 45 days | 1,519 sqft |
| 2020-12-01 | 57 days | 1,489 sqft |
| 2021-01-01 | 51 days | 1,462 sqft |
| 2021-02-01 | 28 days | 1,482 sqft |
| 2021-03-01 | 29 days | 1,524 sqft |
| 2021-04-01 | 30 days | 1,550 sqft |
| 2021-05-01 | 28 days | 1,573 sqft |
| 2021-06-01 | 28 days | 1,555 sqft |
| 2021-07-01 | 27 days | 1,548 sqft |
| 2021-08-01 | 29 days | 1,546 sqft |
| 2021-09-01 | 29 days | 1,534 sqft |
| 2021-10-01 | 30 days | 1,515 sqft |
| 2021-11-01 | 39 days | 1,497 sqft |
| 2021-12-01 | 48 days | 1,452 sqft |
| 2022-01-01 | 38 days | 1,419 sqft |
| 2022-02-01 | 19 days | 1,453 sqft |
| 2022-03-01 | 22 days | 1,507 sqft |
| 2022-04-01 | 23 days | 1,536 sqft |
| 2022-05-01 | 23 days | 1,572 sqft |
| 2022-06-01 | 25 days | 1,600 sqft |
| 2022-07-01 | 31 days | 1,582 sqft |
| 2022-08-01 | 36 days | 1,570 sqft |
| 2022-09-01 | 38 days | 1,594 sqft |
| 2022-10-01 | 38 days | 1,606 sqft |
| 2022-11-01 | 46 days | 1,592 sqft |
| 2022-12-01 | 62 days | 1,560 sqft |
| 2023-01-01 | 64 days | 1,552 sqft |
| 2023-02-01 | 33 days | 1,557 sqft |
| 2023-03-01 | 34 days | 1,572 sqft |
| 2023-04-01 | 32 days | 1,625 sqft |
San Francisco's median square footage for active listings during the 2023-04-01 period was 1,625 sqft. One year prior, the average listing was 1,536 sqft.