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
6.61%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Santa Fe's average USDA mortgage closing costs are $6,999.
The average rate for the prior week (2024-11-01) was
6.48% and
one month ago for the week of 2024-10-04, the
average rate was 5.81%.
The average rate one year ago was 7.54%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.61%.
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%) | $868,831 (7.6%) | 2.09 | 722 |
| 2018-02-01 | $571,500 (8.6%) | $879,568 (9.6%) | 2.07 | 698 |
| 2018-03-01 | $560,000 (12.0%) | $885,150 (12.2%) | 1.96 | 679 |
| 2018-04-01 | $575,000 (8.6%) | $912,961 (14.0%) | 1.95 | 680 |
| 2018-05-01 | $577,000 (4.0%) | $914,318 (11.8%) | 1.93 | 726 |
| 2018-06-01 | $595,000 (6.5%) | $916,069 (11.0%) | 1.98 | 776 |
| 2018-07-01 | $598,000 (8.7%) | $920,277 (12.7%) | 2.00 | 833 |
| 2018-08-01 | $574,250 (3.9%) | $894,762 (8.8%) | 1.92 | 902 |
| 2018-09-01 | $568,500 (3.6%) | $895,327 (10.2%) | 1.91 | 884 |
| 2018-10-01 | $575,750 (4.8%) | $910,532 (11.6%) | 1.95 | 869 |
| 2018-11-01 | $575,000 (4.7%) | $913,624 (10.8%) | 1.95 | 828 |
| 2018-12-01 | $575,000 (0.0%) | $896,224 (2.2%) | 1.98 | 761 |
| 2019-01-01 | $591,750 (4.7%) | $908,944 (4.6%) | 2.04 | 659 |
| 2019-02-01 | $599,250 (4.9%) | $901,236 (2.5%) | 2.02 | 627 |
| 2019-03-01 | $576,529 (3.0%) | $971,511 (9.8%) | 1.89 | 626 |
| 2019-04-01 | $552,479 (-3.9%) | $964,196 (5.6%) | 1.75 | 649 |
| 2019-05-01 | $549,325 (-4.8%) | $856,677 (-6.3%) | 1.72 | 699 |
| 2019-06-01 | $549,000 (-7.7%) | $843,088 (-8.0%) | 1.72 | 799 |
| 2019-07-01 | $549,500 (-8.1%) | $851,270 (-7.5%) | 1.72 | 805 |
| 2019-08-01 | $571,455 (-0.5%) | $861,793 (-3.7%) | 1.81 | 793 |
| 2019-09-01 | $581,886 (2.4%) | $863,087 (-3.6%) | 1.86 | 775 |
| 2019-10-01 | $589,000 (2.3%) | $863,645 (-5.2%) | 1.90 | 747 |
| 2019-11-01 | $595,000 (3.5%) | $890,405 (-2.5%) | 1.95 | 662 |
| 2019-12-01 | $620,000 (7.8%) | $913,078 (1.9%) | 2.07 | 600 |
| 2020-01-01 | $623,725 (5.4%) | $940,013 (3.4%) | 2.08 | 517 |
| 2020-02-01 | $625,000 (4.3%) | $973,932 (8.1%) | 2.05 | 464 |
| 2020-03-01 | $616,750 (7.0%) | $960,567 (-1.1%) | 1.93 | 462 |
| 2020-04-01 | $577,379 (4.5%) | $921,505 (-4.4%) | 1.81 | 511 |
| 2020-05-01 | $598,500 (9.0%) | $945,711 (10.4%) | 1.82 | 518 |
| 2020-06-01 | $622,000 (13.3%) | $942,125 (11.8%) | 1.83 | 544 |
| 2020-07-01 | $637,000 (15.9%) | $1,003,541 (17.9%) | 1.85 | 555 |
| 2020-08-01 | $639,000 (11.8%) | $1,003,776 (16.5%) | 1.83 | 554 |
| 2020-09-01 | $675,000 (16.0%) | $1,112,602 (28.9%) | 1.93 | 508 |
| 2020-10-01 | $677,000 (14.9%) | $1,145,065 (32.6%) | 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 | $645,000 (3.4%) | $1,209,812 (28.7%) | 1.93 | 339 |
| 2021-02-01 | $612,000 (-2.1%) | $1,236,697 (27.0%) | 1.78 | 302 |
| 2021-03-01 | $636,500 (3.2%) | $1,332,028 (38.7%) | 1.81 | 264 |
| 2021-04-01 | $685,750 (18.8%) | $1,381,954 (50.0%) | 1.86 | 260 |
| 2021-05-01 | $692,000 (15.6%) | $1,326,373 (40.3%) | 1.84 | 276 |
| 2021-06-01 | $689,000 (10.8%) | $1,279,045 (35.8%) | 1.81 | 286 |
| 2021-07-01 | $675,000 (6.0%) | $1,276,725 (27.2%) | 1.78 | 347 |
| 2021-08-01 | $689,000 (7.8%) | $1,274,457 (27.0%) | 1.84 | 372 |
| 2021-09-01 | $695,500 (3.0%) | $1,322,506 (18.9%) | 1.85 | 353 |
| 2021-10-01 | $691,000 (2.1%) | $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 | $719,900 (11.6%) | $1,604,392 (32.6%) | 1.95 | 187 |
| 2022-02-01 | $872,998 (42.7%) | $1,751,586 (41.6%) | 2.27 | 155 |
| 2022-03-01 | $841,000 (32.1%) | $1,745,104 (31.0%) | 2.11 | 171 |
| 2022-04-01 | $797,450 (16.3%) | $1,670,391 (20.9%) | 1.90 | 175 |
| 2022-05-01 | $786,750 (13.7%) | $1,529,732 (15.3%) | 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%) | $1,459,176 (10.3%) | 1.98 | 383 |
| 2022-10-01 | $775,000 (12.2%) | $1,421,887 (3.9%) | 1.82 | 414 |
| 2022-11-01 | $738,500 (4.6%) | $1,394,531 (-7.0%) | 1.78 | 428 |
| 2022-12-01 | $767,615 (10.5%) | $1,444,784 (-4.6%) | 1.90 | 406 |
| 2023-01-01 | $747,500 (3.8%) | $1,437,995 (-10.4%) | 1.85 | 356 |
| 2023-02-01 | $739,975 (-15.2%) | $1,450,682 (-17.2%) | 1.79 | 342 |
| 2023-03-01 | $756,500 (-10.1%) | $1,507,545 (-13.6%) | 1.78 | 323 |
| 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%) | $1,562,229 (10.9%) | 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 (-1.6%) | 2.08 | 469 |
| 2023-10-01 | $850,000 (9.7%) | $1,400,568 (-1.5%) | 2.00 | 492 |
| 2023-11-01 | $830,000 (12.4%) | $1,393,275 (-0.1%) | 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 (-6.4%) | 1.99 | 394 |
| 2024-02-01 | $799,450 (8.0%) | $1,382,076 (-4.7%) | 1.92 | 387 |
| 2024-03-01 | $845,000 (11.7%) | $1,408,584 (-6.6%) | 1.99 | 380 |
| 2024-04-01 | $826,000 (5.9%) | $1,389,941 (-7.4%) | 1.92 | 429 |
| 2024-05-01 | $872,000 (-3.9%) | $1,427,503 (-8.4%) | 1.97 | 470 |
| 2024-06-01 | $850,000 (-13.7%) | $1,387,892 (-13.8%) | 1.91 | 544 |
| 2024-07-01 | $827,500 (-14.7%) | $1,323,323 (-15.3%) | 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 |
Santa Fe's median listing price comes in at 188% of the national average.
Santa Fe's average listing price for 2024-10-01 was $1,274,435, a difference of $-126,133 (-9.0%) versus the prior year and $4,138 versus the prior month.
For the 2024-10-01 period, Santa Fe had 691 MLS listings, a difference of -6 listings (-1%) versus the prior month and 199 listings (40%) 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 | 2,544 sqft |
| 2018-02-01 | 116 days | 2,562 sqft |
| 2018-03-01 | 91 days | 2,600 sqft |
| 2018-04-01 | 67 days | 2,600 sqft |
| 2018-05-01 | 58 days | 2,567 sqft |
| 2018-06-01 | 57 days | 2,560 sqft |
| 2018-07-01 | 58 days | 2,571 sqft |
| 2018-08-01 | 62 days | 2,550 sqft |
| 2018-09-01 | 72 days | 2,524 sqft |
| 2018-10-01 | 81 days | 2,539 sqft |
| 2018-11-01 | 90 days | 2,591 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 | 2,484 sqft |
| 2019-04-01 | 72 days | 2,465 sqft |
| 2019-05-01 | 55 days | 2,348 sqft |
| 2019-06-01 | 56 days | 2,350 sqft |
| 2019-07-01 | 59 days | 2,383 sqft |
| 2019-08-01 | 67 days | 2,452 sqft |
| 2019-09-01 | 74 days | 2,474 sqft |
| 2019-10-01 | 78 days | 2,496 sqft |
| 2019-11-01 | 89 days | 2,500 sqft |
| 2019-12-01 | 100 days | 2,551 sqft |
| 2020-01-01 | 115 days | 2,597 sqft |
| 2020-02-01 | 113 days | 2,605 sqft |
| 2020-03-01 | 82 days | 2,515 sqft |
| 2020-04-01 | 72 days | 2,368 sqft |
| 2020-05-01 | 79 days | 2,467 sqft |
| 2020-06-01 | 75 days | 2,497 sqft |
| 2020-07-01 | 58 days | 2,472 sqft |
| 2020-08-01 | 61 days | 2,498 sqft |
| 2020-09-01 | 68 days | 2,510 sqft |
| 2020-10-01 | 72 days | 2,556 sqft |
| 2020-11-01 | 80 days | 2,563 sqft |
| 2020-12-01 | 90 days | 2,469 sqft |
| 2021-01-01 | 99 days | 2,513 sqft |
| 2021-02-01 | 105 days | 2,340 sqft |
| 2021-03-01 | 69 days | 2,441 sqft |
| 2021-04-01 | 44 days | 2,566 sqft |
| 2021-05-01 | 42 days | 2,501 sqft |
| 2021-06-01 | 46 days | 2,499 sqft |
| 2021-07-01 | 39 days | 2,495 sqft |
| 2021-08-01 | 46 days | 2,495 sqft |
| 2021-09-01 | 58 days | 2,496 sqft |
| 2021-10-01 | 65 days | 2,560 sqft |
| 2021-11-01 | 91 days | 2,614 sqft |
| 2021-12-01 | 90 days | 2,687 sqft |
| 2022-01-01 | 88 days | 2,738 sqft |
| 2022-02-01 | 99 days | 2,813 sqft |
| 2022-03-01 | 44 days | 2,754 sqft |
| 2022-04-01 | 39 days | 2,688 sqft |
| 2022-05-01 | 35 days | 2,549 sqft |
| 2022-06-01 | 34 days | 2,481 sqft |
| 2022-07-01 | 33 days | 2,339 sqft |
| 2022-08-01 | 50 days | 2,460 sqft |
| 2022-09-01 | 53 days | 2,495 sqft |
| 2022-10-01 | 56 days | 2,388 sqft |
| 2022-11-01 | 64 days | 2,283 sqft |
| 2022-12-01 | 73 days | 2,380 sqft |
| 2023-01-01 | 84 days | 2,355 sqft |
| 2023-02-01 | 82 days | 2,328 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 | 2,564 sqft |
| 2023-07-01 | 47 days | 2,541 sqft |
| 2023-08-01 | 54 days | 2,428 sqft |
| 2023-09-01 | 59 days | 2,478 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 | 2,165 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 | 2,390 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 |
Santa Fe's median square footage for active listings during the 2024-10-01 period was 2,269 sqft. One year prior, the average listing was 2,399 sqft.