San Jose USDA Loan Rates, Closing Costs & Stats

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 -0.2% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

San Jose's average USDA mortgage closing costs are $7,688.

The average rate for the prior week (2022-11-18) was 6.15% and one month ago for the week of 2022-10-21, the average rate was 6.76%.

The average rate one year ago was 3.2%.

For refis of the same type during the week of 2022-11-25, the average rate was -0.44%.

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/closing costs 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. Closing Costs

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 $1,108,983 (23.4%) $1,827,747 (28.2%) 4.11 571
2018-02-01 $1,199,444 (25.7%) $1,807,376 (21.3%) 4.35 678
2018-03-01 $1,275,000 (31.2%) $1,852,337 (23.0%) 4.47 801
2018-04-01 $1,254,444 (26.9%) $1,862,290 (24.3%) 4.25 995
2018-05-01 $1,291,500 (29.2%) $1,828,798 (11.5%) 4.31 1,199
2018-06-01 $1,250,000 (24.7%) $1,787,424 (7.2%) 4.17 1,442
2018-07-01 $1,199,722 (14.3%) $1,709,162 (0.8%) 4.00 1,719
2018-08-01 $1,168,900 (11.4%) $1,641,590 (-2.3%) 3.91 1,817
2018-09-01 $1,148,000 (4.5%) $1,618,542 (-13.2%) 3.85 2,060
2018-10-01 $1,099,944 (-1.5%) $1,589,038 (-14.4%) 3.72 2,148
2018-11-01 $1,088,450 (-6.3%) $1,537,628 (-21.5%) 3.69 2,053
2018-12-01 $1,000,000 (-13.0%) $1,506,979 (-23.6%) 3.45 1,460
2019-01-01 $999,888 (-9.8%) $1,508,987 (-17.4%) 3.45 1,265
2019-02-01 $1,096,500 (-8.6%) $1,610,273 (-10.9%) 3.70 1,441
2019-03-01 $1,101,894 (-13.6%) $1,632,914 (-11.9%) 3.60 1,636
2019-04-01 $1,126,210 (-10.2%) $1,641,466 (-11.9%) 3.58 1,806
2019-05-01 $1,188,000 (-8.0%) $1,646,199 (-10.0%) 3.71 2,174
2019-06-01 $1,175,000 (-6.0%) $1,642,913 (-8.1%) 3.67 2,367
2019-07-01 $1,126,500 (-6.1%) $1,635,976 (-4.3%) 3.53 2,299
2019-08-01 $1,117,816 (-4.4%) $1,663,755 (1.4%) 3.54 2,190
2019-09-01 $1,121,857 (-2.3%) $1,680,732 (3.8%) 3.59 2,107
2019-10-01 $1,112,051 (1.1%) $1,692,050 (6.5%) 3.59 2,022
2019-11-01 $1,100,000 (1.1%) $1,774,926 (15.4%) 3.61 1,613
2019-12-01 $1,083,819 (8.4%) $1,797,027 (19.3%) 3.61 990
2020-01-01 $1,088,500 (8.9%) $1,879,808 (24.6%) 3.64 820
2020-02-01 $1,198,000 (9.3%) $2,030,986 (26.1%) 3.92 945
2020-03-01 $1,249,805 (13.4%) $1,989,652 (21.9%) 3.91 1,145
2020-04-01 $1,198,500 (6.4%) $1,853,114 (12.9%) 3.75 1,350
2020-05-01 $1,201,000 (1.1%) $1,857,839 (12.9%) 3.65 1,647
2020-06-01 $1,260,000 (7.2%) $1,855,122 (12.9%) 3.71 1,657
2020-07-01 $1,249,950 (11.0%) $1,823,780 (11.5%) 3.62 1,682
2020-08-01 $1,248,000 (11.7%) $1,806,130 (8.6%) 3.58 1,674
2020-09-01 $1,208,897 (7.8%) $1,788,836 (6.4%) 3.46 1,669
2020-10-01 $1,228,950 (10.5%) $1,818,499 (7.5%) 3.52 1,692
2020-11-01 $1,230,748 (11.9%) $1,896,727 (6.9%) 3.59 1,559
2020-12-01 $1,197,000 (10.4%) $1,863,900 (3.7%) 3.56 1,154
2021-01-01 $1,199,000 (10.2%) $1,867,724 (-0.6%) 3.58 972
2021-02-01 $1,223,700 (2.2%) $1,871,925 (-7.8%) 3.56 1,055
2021-03-01 $1,246,444 (-0.3%) $1,879,883 (-5.5%) 3.54 1,182
2021-04-01 $1,249,500 (4.3%) $1,897,258 (2.4%) 3.38 1,252
2021-05-01 $1,298,444 (8.1%) $1,950,076 (5.0%) 3.44 1,244
2021-06-01 $1,299,444 (3.1%) $1,966,157 (6.0%) 3.42 1,327
2021-07-01 $1,275,000 (2.0%) $1,888,837 (3.6%) 3.36 1,410
2021-08-01 $1,250,500 (0.2%) $1,874,863 (3.8%) 3.33 1,367
2021-09-01 $1,262,500 (4.4%) $1,901,911 (6.3%) 3.37 1,284
2021-10-01 $1,275,000 (3.8%) $1,975,918 (8.7%) 3.40 1,190
2021-11-01 $1,244,194 (1.1%) $1,969,526 (3.8%) 3.32 820
2021-12-01 $1,238,944 (3.5%) $1,939,564 (4.1%) 3.36 533
2022-01-01 $1,298,000 (8.3%) $1,942,562 (4.0%) 3.51 490
2022-02-01 $1,356,500 (10.9%) $1,917,474 (2.4%) 3.53 641
2022-03-01 $1,399,500 (12.3%) $1,934,489 (2.9%) 3.50 785
2022-04-01 $1,433,900 (14.8%) $1,908,262 (0.6%) 3.42 908
2022-05-01 $1,496,000 (15.2%) $1,941,826 (-0.4%) 3.42 1,506
2022-06-01 $1,495,000 (15.1%) $1,966,203 (0.0%) 3.33 1,755
2022-07-01 $1,400,000 (9.8%) $1,904,564 (0.8%) 3.17 1,987
2022-08-01 $1,385,975 (10.8%) $1,912,398 (2.0%) 3.20 1,798
2022-09-01 $1,398,500 (10.8%) $1,964,790 (3.3%) 3.27 1,554
2022-10-01 $1,399,000 (9.7%) $2,017,082 (2.1%) 3.29 1,533
San Jose's median listing price for 2022-10-01 was $1,399,000, a difference of $124,000 (9.7%) versus the prior year and $500 versus the prior month.

San Jose's median listing price comes in at 329% of the national average.

San Jose's average listing price for 2022-10-01 was $2,017,082, a difference of $41,164 (2.1%) versus the prior year and $52,292 versus the prior month.

For the 2022-10-01 period, San Jose had 1,533 MLS listings, a difference of -21 listings (-1%) versus the prior month and 343 listings (29%) 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 28 days 1,899 sqft
2018-02-01 17 days 1,893 sqft
2018-03-01 17 days 1,829 sqft
2018-04-01 18 days 1,787 sqft
2018-05-01 18 days 1,793 sqft
2018-06-01 22 days 1,744 sqft
2018-07-01 26 days 1,694 sqft
2018-08-01 29 days 1,661 sqft
2018-09-01 30 days 1,661 sqft
2018-10-01 31 days 1,650 sqft
2018-11-01 38 days 1,632 sqft
2018-12-01 50 days 1,625 sqft
2019-01-01 53 days 1,624 sqft
2019-02-01 25 days 1,664 sqft
2019-03-01 27 days 1,688 sqft
2019-04-01 28 days 1,709 sqft
2019-05-01 26 days 1,753 sqft
2019-06-01 33 days 1,735 sqft
2019-07-01 38 days 1,721 sqft
2019-08-01 41 days 1,720 sqft
2019-09-01 43 days 1,715 sqft
2019-10-01 45 days 1,714 sqft
2019-11-01 57 days 1,752 sqft
2019-12-01 75 days 1,788 sqft
2020-01-01 54 days 1,763 sqft
2020-02-01 23 days 1,829 sqft
2020-03-01 23 days 1,807 sqft
2020-04-01 35 days 1,774 sqft
2020-05-01 37 days 1,796 sqft
2020-06-01 35 days 1,773 sqft
2020-07-01 33 days 1,713 sqft
2020-08-01 34 days 1,663 sqft
2020-09-01 37 days 1,633 sqft
2020-10-01 36 days 1,614 sqft
2020-11-01 44 days 1,585 sqft
2020-12-01 52 days 1,541 sqft
2021-01-01 42 days 1,554 sqft
2021-02-01 26 days 1,577 sqft
2021-03-01 26 days 1,592 sqft
2021-04-01 30 days 1,608 sqft
2021-05-01 26 days 1,663 sqft
2021-06-01 24 days 1,650 sqft
2021-07-01 26 days 1,626 sqft
2021-08-01 30 days 1,599 sqft
2021-09-01 31 days 1,626 sqft
2021-10-01 37 days 1,615 sqft
2021-11-01 53 days 1,608 sqft
2021-12-01 70 days 1,548 sqft
2022-01-01 42 days 1,588 sqft
2022-02-01 12 days 1,601 sqft
2022-03-01 16 days 1,630 sqft
2022-04-01 16 days 1,662 sqft
2022-05-01 17 days 1,666 sqft
2022-06-01 24 days 1,675 sqft
2022-07-01 29 days 1,672 sqft
2022-08-01 37 days 1,682 sqft
2022-09-01 39 days 1,690 sqft
2022-10-01 37 days 1,712 sqft
San Jose's median listing age (time on market) for 2022-10-01 was 37 days. This is 0% longer than the same period one year ago.

San Jose's median square footage for active listings during the 2022-10-01 period was 1,712 sqft. One year prior, the average listing was 1,615 sqft.