Santa Fe USDA Loan Rates, Closing Costs & Stats
SANTA FE, NM
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.
Santa Fe's 2 lenders originated 2 USDA loans during 2023. The total origination value was $540,000, with an average USDA loan value of $270,000.
Santa Fe USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Santa Fe
averaged
6.56%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Santa Fe's average USDA mortgage closing costs are $6,999.
The average rate for the prior week (2025-02-07) was
6.52% and
one month ago for the week of 2025-01-10, the
average rate was 6.56%.
The average rate one year ago was 6.66%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.26%.
Santa Fe 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 Santa Fe level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| CARDINAL FINANCIAL | 1 | 5.38% | $8,410 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.08% | $7,132 |
The top Santa Fe USDA lender as defined by loan originations is CARDINAL FINANCIAL, with
1 USDA loans originated. Their average total fees are
$8,410, which is $1,278
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Santa Fe USDA lenders (with over 10 loans originated) are
.
The lowest rate Santa Fe USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Santa Fe (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 | $565,000 (5.9%) | $867,850 (7.5%) | 2.09 | 723 |
| 2018-02-01 | $570,750 (8.2%) | $878,575 (9.4%) | 2.07 | 699 |
| 2018-03-01 | $560,000 (12.0%) | $884,961 (12.2%) | 1.96 | 679 |
| 2018-04-01 | $574,750 (8.6%) | $911,904 (13.9%) | 1.95 | 681 |
| 2018-05-01 | $577,000 (4.0%) | $913,323 (11.7%) | 1.93 | 727 |
| 2018-06-01 | $595,000 (6.3%) | $915,994 (10.7%) | 1.98 | 776 |
| 2018-07-01 | $597,250 (8.6%) | $919,804 (12.4%) | 2.00 | 834 |
| 2018-08-01 | $573,500 (3.4%) | $894,736 (8.7%) | 1.92 | 902 |
| 2018-09-01 | $569,000 (3.6%) | $896,083 (10.2%) | 1.91 | 883 |
| 2018-10-01 | $578,125 (5.2%) | $911,330 (11.5%) | 1.95 | 868 |
| 2018-11-01 | $575,225 (4.7%) | $914,874 (10.8%) | 1.95 | 827 |
| 2018-12-01 | $575,000 (0.0%) | $897,866 (2.3%) | 1.98 | 759 |
| 2019-01-01 | $592,000 (4.8%) | $911,024 (5.0%) | 2.04 | 657 |
| 2019-02-01 | $600,625 (5.2%) | $902,943 (2.8%) | 2.02 | 625 |
| 2019-03-01 | $577,100 (3.1%) | $972,751 (9.9%) | 1.89 | 625 |
| 2019-04-01 | $552,550 (-3.9%) | $964,304 (5.8%) | 1.75 | 649 |
| 2019-05-01 | $549,450 (-4.8%) | $857,106 (-6.2%) | 1.72 | 698 |
| 2019-06-01 | $549,000 (-7.7%) | $842,546 (-8.0%) | 1.72 | 799 |
| 2019-07-01 | $549,498 (-8.0%) | $850,689 (-7.5%) | 1.72 | 806 |
| 2019-08-01 | $571,091 (-0.4%) | $860,946 (-3.8%) | 1.81 | 794 |
| 2019-09-01 | $581,727 (2.2%) | $861,902 (-3.8%) | 1.86 | 777 |
| 2019-10-01 | $588,318 (1.8%) | $862,217 (-5.4%) | 1.90 | 749 |
| 2019-11-01 | $595,000 (3.4%) | $890,405 (-2.7%) | 1.95 | 662 |
| 2019-12-01 | $620,000 (7.8%) | $913,078 (1.7%) | 2.07 | 600 |
| 2020-01-01 | $624,950 (5.6%) | $940,680 (3.3%) | 2.08 | 517 |
| 2020-02-01 | $625,000 (4.1%) | $973,831 (7.9%) | 2.05 | 464 |
| 2020-03-01 | $616,750 (6.9%) | $960,489 (-1.3%) | 1.93 | 462 |
| 2020-04-01 | $577,379 (4.5%) | $921,436 (-4.5%) | 1.81 | 511 |
| 2020-05-01 | $598,500 (8.9%) | $945,658 (10.3%) | 1.82 | 518 |
| 2020-06-01 | $622,000 (13.3%) | $942,083 (11.8%) | 1.83 | 544 |
| 2020-07-01 | $636,000 (15.7%) | $1,002,781 (17.9%) | 1.85 | 556 |
| 2020-08-01 | $639,000 (11.9%) | $1,002,355 (16.4%) | 1.83 | 555 |
| 2020-09-01 | $675,000 (16.0%) | $1,113,402 (29.2%) | 1.93 | 508 |
| 2020-10-01 | $675,000 (14.7%) | $1,145,065 (32.8%) | 1.94 | 479 |
| 2020-11-01 | $656,750 (10.4%) | $1,202,295 (35.0%) | 1.92 | 437 |
| 2020-12-01 | $659,225 (6.3%) | $1,189,302 (30.3%) | 1.96 | 401 |
| 2021-01-01 | $647,000 (3.5%) | $1,212,265 (28.9%) | 1.93 | 338 |
| 2021-02-01 | $612,000 (-2.1%) | $1,238,303 (27.2%) | 1.78 | 302 |
| 2021-03-01 | $636,975 (3.3%) | $1,332,285 (38.7%) | 1.81 | 264 |
| 2021-04-01 | $689,500 (19.4%) | $1,385,584 (50.4%) | 1.86 | 259 |
| 2021-05-01 | $692,000 (15.6%) | $1,329,648 (40.6%) | 1.84 | 276 |
| 2021-06-01 | $689,000 (10.8%) | $1,279,045 (35.8%) | 1.81 | 286 |
| 2021-07-01 | $675,000 (6.1%) | $1,276,725 (27.3%) | 1.78 | 347 |
| 2021-08-01 | $689,000 (7.8%) | $1,274,457 (27.2%) | 1.84 | 372 |
| 2021-09-01 | $695,500 (3.0%) | $1,322,506 (18.8%) | 1.85 | 353 |
| 2021-10-01 | $691,000 (2.4%) | $1,368,468 (19.5%) | 1.84 | 316 |
| 2021-11-01 | $706,225 (7.5%) | $1,499,424 (24.7%) | 1.89 | 247 |
| 2021-12-01 | $695,000 (5.4%) | $1,514,168 (27.3%) | 1.88 | 221 |
| 2022-01-01 | $717,450 (10.9%) | $1,598,168 (31.8%) | 1.95 | 187 |
| 2022-02-01 | $872,998 (42.7%) | $1,747,118 (41.1%) | 2.27 | 155 |
| 2022-03-01 | $841,000 (32.0%) | $1,745,104 (31.0%) | 2.11 | 171 |
| 2022-04-01 | $797,450 (15.7%) | $1,670,391 (20.6%) | 1.90 | 175 |
| 2022-05-01 | $786,750 (13.7%) | $1,529,732 (15.1%) | 1.80 | 239 |
| 2022-06-01 | $797,550 (15.8%) | $1,460,637 (14.2%) | 1.78 | 297 |
| 2022-07-01 | $782,000 (15.9%) | $1,408,114 (10.3%) | 1.76 | 371 |
| 2022-08-01 | $849,500 (23.3%) | $1,491,494 (17.0%) | 1.96 | 372 |
| 2022-09-01 | $847,500 (21.9%) | $1,460,125 (10.4%) | 1.98 | 383 |
| 2022-10-01 | $777,500 (12.5%) | $1,423,658 (4.0%) | 1.82 | 413 |
| 2022-11-01 | $742,500 (5.1%) | $1,396,185 (-6.9%) | 1.78 | 428 |
| 2022-12-01 | $767,615 (10.5%) | $1,444,784 (-4.6%) | 1.90 | 406 |
| 2023-01-01 | $747,750 (4.2%) | $1,439,087 (-10.0%) | 1.85 | 356 |
| 2023-02-01 | $742,225 (-15.0%) | $1,452,799 (-16.9%) | 1.79 | 341 |
| 2023-03-01 | $756,500 (-10.1%) | $1,511,225 (-13.4%) | 1.78 | 322 |
| 2023-04-01 | $779,750 (-2.2%) | $1,500,215 (-10.2%) | 1.81 | 330 |
| 2023-05-01 | $907,000 (15.3%) | $1,557,970 (1.9%) | 2.06 | 346 |
| 2023-06-01 | $985,000 (23.5%) | $1,609,358 (10.2%) | 2.21 | 363 |
| 2023-07-01 | $969,950 (24.0%) | $1,559,768 (10.8%) | 2.20 | 408 |
| 2023-08-01 | $886,000 (4.3%) | $1,462,082 (-2.0%) | 2.03 | 438 |
| 2023-09-01 | $895,000 (5.6%) | $1,435,884 (-1.7%) | 2.08 | 469 |
| 2023-10-01 | $850,000 (9.3%) | $1,400,568 (-1.6%) | 2.00 | 492 |
| 2023-11-01 | $830,000 (11.8%) | $1,393,275 (-0.2%) | 1.98 | 505 |
| 2023-12-01 | $822,500 (7.2%) | $1,368,357 (-5.3%) | 2.01 | 457 |
| 2024-01-01 | $814,800 (9.0%) | $1,345,703 (-6.5%) | 1.99 | 394 |
| 2024-02-01 | $799,450 (7.7%) | $1,382,076 (-4.9%) | 1.92 | 387 |
| 2024-03-01 | $845,000 (11.7%) | $1,408,584 (-6.8%) | 1.99 | 380 |
| 2024-04-01 | $826,000 (5.9%) | $1,389,941 (-7.4%) | 1.92 | 429 |
| 2024-05-01 | $870,750 (-4.0%) | $1,397,605 (-10.3%) | 1.97 | 469 |
| 2024-06-01 | $845,000 (-14.2%) | $1,375,989 (-14.5%) | 1.91 | 545 |
| 2024-07-01 | $827,500 (-14.7%) | $1,323,323 (-15.2%) | 1.89 | 606 |
| 2024-08-01 | $810,000 (-8.6%) | $1,297,994 (-11.2%) | 1.88 | 664 |
| 2024-09-01 | $789,500 (-11.8%) | $1,270,297 (-11.5%) | 1.86 | 697 |
| 2024-10-01 | $798,250 (-6.1%) | $1,274,435 (-9.0%) | 1.88 | 691 |
| 2024-11-01 | $795,000 (-4.2%) | $1,270,855 (-8.8%) | 1.91 | 652 |
| 2024-12-01 | $768,250 (-6.6%) | $1,231,693 (-10.0%) | 1.91 | 576 |
| 2025-01-01 | $759,027 (-6.8%) | $1,213,823 (-9.8%) | 0.00 | 520 |
Santa Fe's median listing price comes in at 0% of the national average.
Santa Fe's average listing price for 2025-01-01 was $1,213,823, a difference of $-131,880 (-9.8%) versus the prior year and $-17,870 versus the prior month.
For the 2025-01-01 period, Santa Fe had 520 MLS listings, a difference of -56 listings (-10%) versus the prior month and 126 listings (32%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Santa Fe (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 127 days | 2,539 sqft |
| 2018-02-01 | 116 days | 2,561 sqft |
| 2018-03-01 | 91 days | 2,600 sqft |
| 2018-04-01 | 67 days | 2,598 sqft |
| 2018-05-01 | 58 days | 2,560 sqft |
| 2018-06-01 | 57 days | 2,555 sqft |
| 2018-07-01 | 58 days | 2,570 sqft |
| 2018-08-01 | 62 days | 2,548 sqft |
| 2018-09-01 | 72 days | 2,520 sqft |
| 2018-10-01 | 81 days | 2,537 sqft |
| 2018-11-01 | 90 days | 2,580 sqft |
| 2018-12-01 | 99 days | 2,550 sqft |
| 2019-01-01 | 113 days | 2,570 sqft |
| 2019-02-01 | 109 days | 2,541 sqft |
| 2019-03-01 | 88 days | 2,478 sqft |
| 2019-04-01 | 72 days | 2,459 sqft |
| 2019-05-01 | 55 days | 2,344 sqft |
| 2019-06-01 | 56 days | 2,350 sqft |
| 2019-07-01 | 59 days | 2,381 sqft |
| 2019-08-01 | 67 days | 2,446 sqft |
| 2019-09-01 | 74 days | 2,468 sqft |
| 2019-10-01 | 78 days | 2,493 sqft |
| 2019-11-01 | 89 days | 2,500 sqft |
| 2019-12-01 | 100 days | 2,534 sqft |
| 2020-01-01 | 115 days | 2,595 sqft |
| 2020-02-01 | 113 days | 2,602 sqft |
| 2020-03-01 | 82 days | 2,501 sqft |
| 2020-04-01 | 72 days | 2,368 sqft |
| 2020-05-01 | 79 days | 2,458 sqft |
| 2020-06-01 | 75 days | 2,495 sqft |
| 2020-07-01 | 58 days | 2,455 sqft |
| 2020-08-01 | 61 days | 2,485 sqft |
| 2020-09-01 | 68 days | 2,499 sqft |
| 2020-10-01 | 72 days | 2,531 sqft |
| 2020-11-01 | 80 days | 2,529 sqft |
| 2020-12-01 | 90 days | 2,431 sqft |
| 2021-01-01 | 99 days | 2,477 sqft |
| 2021-02-01 | 105 days | 2,327 sqft |
| 2021-03-01 | 69 days | 2,429 sqft |
| 2021-04-01 | 44 days | 2,550 sqft |
| 2021-05-01 | 42 days | 2,501 sqft |
| 2021-06-01 | 46 days | 2,497 sqft |
| 2021-07-01 | 39 days | 2,493 sqft |
| 2021-08-01 | 46 days | 2,495 sqft |
| 2021-09-01 | 58 days | 2,495 sqft |
| 2021-10-01 | 65 days | 2,540 sqft |
| 2021-11-01 | 91 days | 2,622 sqft |
| 2021-12-01 | 90 days | 2,686 sqft |
| 2022-01-01 | 88 days | 2,756 sqft |
| 2022-02-01 | 99 days | 2,766 sqft |
| 2022-03-01 | 44 days | 2,744 sqft |
| 2022-04-01 | 39 days | 2,681 sqft |
| 2022-05-01 | 35 days | 2,550 sqft |
| 2022-06-01 | 34 days | 2,495 sqft |
| 2022-07-01 | 33 days | 2,342 sqft |
| 2022-08-01 | 50 days | 2,462 sqft |
| 2022-09-01 | 53 days | 2,495 sqft |
| 2022-10-01 | 56 days | 2,384 sqft |
| 2022-11-01 | 64 days | 2,283 sqft |
| 2022-12-01 | 73 days | 2,380 sqft |
| 2023-01-01 | 84 days | 2,348 sqft |
| 2023-02-01 | 82 days | 2,326 sqft |
| 2023-03-01 | 71 days | 2,353 sqft |
| 2023-04-01 | 67 days | 2,337 sqft |
| 2023-05-01 | 56 days | 2,435 sqft |
| 2023-06-01 | 55 days | 2,561 sqft |
| 2023-07-01 | 47 days | 2,541 sqft |
| 2023-08-01 | 54 days | 2,423 sqft |
| 2023-09-01 | 59 days | 2,471 sqft |
| 2023-10-01 | 61 days | 2,399 sqft |
| 2023-11-01 | 68 days | 2,347 sqft |
| 2023-12-01 | 73 days | 2,295 sqft |
| 2024-01-01 | 89 days | 2,167 sqft |
| 2024-02-01 | 94 days | 2,187 sqft |
| 2024-03-01 | 84 days | 2,369 sqft |
| 2024-04-01 | 62 days | 2,297 sqft |
| 2024-05-01 | 54 days | 2,381 sqft |
| 2024-06-01 | 51 days | 2,277 sqft |
| 2024-07-01 | 52 days | 2,312 sqft |
| 2024-08-01 | 59 days | 2,264 sqft |
| 2024-09-01 | 65 days | 2,252 sqft |
| 2024-10-01 | 70 days | 2,269 sqft |
| 2024-11-01 | 81 days | 2,209 sqft |
| 2024-12-01 | 93 days | 2,139 sqft |
| 2025-01-01 | 0 days | 2,103 sqft |
Santa Fe's median square footage for active listings during the 2025-01-01 period was 2,103 sqft. One year prior, the average listing was 2,167 sqft.