San Jose USDA Loans

SAN JOSE-SUNNYVALE-SANTA CLARA, 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 Jose's 0 lenders originated 15 USDA loans during 2021. The total origination value was $14,305,000, with an average USDA loan value of $953,667.

San Jose USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in San Jose averaged 4.89% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.12% and one month ago for the week of 2022-07-01, the average rate was 5.05%.

The average rate one year ago was 2.63%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.05%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

San Jose 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 Jose level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees

The lowest fee San Jose USDA lenders (with over 10 loans originated) are .

The lowest rate San Jose USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - San Jose (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 $1,100,000 (24.0%) $1,815,454 (27.2%) 4.05 576
2018-02-01 $1,199,444 (25.8%) $1,782,374 (19.7%) 4.33 678
2018-03-01 $1,250,000 (30.9%) $1,824,412 (22.4%) 4.33 801
2018-04-01 $1,247,000 (26.2%) $1,826,697 (22.8%) 4.18 998
2018-05-01 $1,279,000 (28.1%) $1,789,201 (9.7%) 4.26 1,210
2018-06-01 $1,248,000 (24.9%) $1,762,730 (6.9%) 4.16 1,479
2018-07-01 $1,199,000 (15.3%) $1,699,481 (1.8%) 4.00 1,760
2018-08-01 $1,165,000 (13.7%) $1,632,626 (-0.4%) 3.89 1,876
2018-09-01 $1,128,800 (3.1%) $1,608,721 (-12.0%) 3.78 2,100
2018-10-01 $1,097,000 (-1.3%) $1,564,216 (-14.4%) 3.67 2,190
2018-11-01 $1,083,000 (-5.8%) $1,516,391 (-21.5%) 3.63 2,109
2018-12-01 $999,950 (-12.3%) $1,487,718 (-23.4%) 3.42 1,492
2019-01-01 $999,000 (-9.2%) $1,490,069 (-17.9%) 3.44 1,295
2019-02-01 $1,075,000 (-10.4%) $1,599,339 (-10.3%) 3.60 1,465
2019-03-01 $1,099,365 (-12.1%) $1,618,391 (-11.3%) 3.58 1,675
2019-04-01 $1,114,500 (-10.6%) $1,623,187 (-11.1%) 3.51 1,860
2019-05-01 $1,178,000 (-7.9%) $1,648,951 (-7.8%) 3.63 2,209
2019-06-01 $1,168,000 (-6.4%) $1,659,910 (-5.8%) 3.60 2,434
2019-07-01 $1,130,000 (-5.8%) $1,652,717 (-2.8%) 3.51 2,367
2019-08-01 $1,120,571 (-3.8%) $1,669,214 (2.2%) 3.53 2,204
2019-09-01 $1,140,571 (1.0%) $1,680,869 (4.5%) 3.62 2,115
2019-10-01 $1,109,000 (1.1%) $1,733,833 (10.8%) 3.54 2,065
2019-11-01 $1,099,000 (1.5%) $1,817,598 (19.9%) 3.55 1,635
2019-12-01 $1,049,629 (5.0%) $1,834,752 (23.3%) 3.50 994
2020-01-01 $1,081,944 (8.3%) $1,816,358 (21.9%) 3.61 803
2020-02-01 $1,170,000 (8.8%) $1,938,495 (21.2%) 3.78 931
2020-03-01 $1,245,000 (13.3%) $1,923,234 (18.8%) 3.89 1,133
2020-04-01 $1,198,500 (7.5%) $1,784,793 (10.0%) 3.73 1,354
2020-05-01 $1,199,000 (1.8%) $1,803,200 (9.4%) 3.63 1,643
2020-06-01 $1,229,500 (5.3%) $1,801,572 (8.5%) 3.59 1,646
2020-07-01 $1,217,500 (7.7%) $1,771,534 (7.2%) 3.49 1,663
2020-08-01 $1,199,000 (7.0%) $1,755,038 (5.1%) 3.43 1,678
2020-09-01 $1,200,000 (5.2%) $1,776,475 (5.7%) 3.43 1,677
2020-10-01 $1,199,000 (8.1%) $1,828,795 (5.5%) 3.43 1,683
2020-11-01 $1,213,944 (10.5%) $1,900,604 (4.6%) 3.48 1,561
2020-12-01 $1,187,500 (13.1%) $1,860,389 (1.4%) 3.48 1,152
2021-01-01 $1,195,000 (10.5%) $1,824,017 (0.4%) 3.52 955
2021-02-01 $1,199,500 (2.5%) $1,836,826 (-5.2%) 3.45 1,023
2021-03-01 $1,233,000 (-1.0%) $1,839,189 (-4.4%) 3.46 1,142
2021-04-01 $1,243,440 (3.8%) $1,857,120 (4.1%) 3.34 1,207
2021-05-01 $1,298,000 (8.3%) $1,917,178 (6.3%) 3.42 1,193
2021-06-01 $1,298,500 (5.6%) $1,926,039 (6.9%) 3.37 1,282
2021-07-01 $1,250,500 (2.7%) $1,863,704 (5.2%) 3.25 1,347
2021-08-01 $1,250,000 (4.3%) $1,838,066 (4.7%) 3.29 1,331
2021-09-01 $1,250,900 (4.2%) $1,860,657 (4.7%) 3.29 1,246
2021-10-01 $1,255,561 (4.7%) $1,916,896 (4.8%) 3.30 1,142
2021-11-01 $1,244,944 (2.6%) $1,916,054 (0.8%) 3.28 782
2021-12-01 $1,239,419 (4.4%) $1,869,929 (0.5%) 3.31 511
2022-01-01 $1,298,000 (8.6%) $1,915,150 (5.0%) 3.46 460
2022-02-01 $1,358,444 (13.3%) $1,898,101 (3.3%) 3.46 614
2022-03-01 $1,399,450 (13.5%) $1,921,075 (4.5%) 3.46 747
2022-04-01 $1,439,000 (15.7%) $1,894,830 (2.0%) 3.39 866
2022-05-01 $1,494,000 (15.1%) $1,907,977 (-0.5%) 3.34 1,466
2022-06-01 $1,489,444 (14.7%) $1,942,541 (0.9%) 3.31 1,712
San Jose's median listing price for 2022-06-01 was $1,489,444, a difference of $190,944 (14.7%) versus the prior year and $-4,556 versus the prior month.

San Jose's median listing price comes in at 331% of the national average.

San Jose's average listing price for 2022-06-01 was $1,942,541, a difference of $16,502 (0.9%) versus the prior year and $34,564 versus the prior month.

For the 2022-06-01 period, San Jose had 1,712 MLS listings, a difference of 246 listings (17%) versus the prior month and 430 listings (34%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - San Jose (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 26 days 1,888 sqft
2018-02-01 18 days 1,893 sqft
2018-03-01 16 days 1,817 sqft
2018-04-01 18 days 1,771 sqft
2018-05-01 17 days 1,779 sqft
2018-06-01 22 days 1,732 sqft
2018-07-01 26 days 1,691 sqft
2018-08-01 29 days 1,656 sqft
2018-09-01 30 days 1,653 sqft
2018-10-01 31 days 1,637 sqft
2018-11-01 38 days 1,620 sqft
2018-12-01 51 days 1,617 sqft
2019-01-01 53 days 1,615 sqft
2019-02-01 26 days 1,651 sqft
2019-03-01 28 days 1,679 sqft
2019-04-01 28 days 1,699 sqft
2019-05-01 25 days 1,745 sqft
2019-06-01 30 days 1,735 sqft
2019-07-01 38 days 1,716 sqft
2019-08-01 40 days 1,702 sqft
2019-09-01 42 days 1,688 sqft
2019-10-01 38 days 1,724 sqft
2019-11-01 45 days 1,764 sqft
2019-12-01 58 days 1,793 sqft
2020-01-01 59 days 1,741 sqft
2020-02-01 23 days 1,799 sqft
2020-03-01 23 days 1,790 sqft
2020-04-01 35 days 1,754 sqft
2020-05-01 37 days 1,789 sqft
2020-06-01 35 days 1,752 sqft
2020-07-01 34 days 1,694 sqft
2020-08-01 31 days 1,653 sqft
2020-09-01 28 days 1,619 sqft
2020-10-01 25 days 1,589 sqft
2020-11-01 32 days 1,545 sqft
2020-12-01 41 days 1,505 sqft
2021-01-01 42 days 1,528 sqft
2021-02-01 28 days 1,559 sqft
2021-03-01 26 days 1,587 sqft
2021-04-01 28 days 1,604 sqft
2021-05-01 28 days 1,652 sqft
2021-06-01 24 days 1,648 sqft
2021-07-01 28 days 1,623 sqft
2021-08-01 30 days 1,593 sqft
2021-09-01 31 days 1,616 sqft
2021-10-01 33 days 1,610 sqft
2021-11-01 36 days 1,596 sqft
2021-12-01 39 days 1,548 sqft
2022-01-01 35 days 1,576 sqft
2022-02-01 16 days 1,609 sqft
2022-03-01 17 days 1,630 sqft
2022-04-01 19 days 1,664 sqft
2022-05-01 17 days 1,665 sqft
2022-06-01 23 days 1,669 sqft
San Jose's median listing age (time on market) for 2022-06-01 was 23 days. This is -2% shorter than the same period one year ago.

San Jose's median square footage for active listings during the 2022-06-01 period was 1,669 sqft. One year prior, the average listing was 1,648 sqft.