Santa Maria USDA Loan Rates, Closing Costs & Stats
SANTA MARIA-SANTA BARBARA, 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.
Santa Maria's 1 lenders originated 1 USDA loans during 2023. The total origination value was $265,000, with an average USDA loan value of $265,000.
Santa Maria USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Santa Maria
averaged
-0.15%
for the week of 2024-11-15, compared to the national average (all USDA variants) of
0% for the same period.
Santa Maria's average USDA mortgage closing costs are $9,711.
The average rate for the prior week (2024-11-08) was
6.3% and
one month ago for the week of 2024-10-11, the
average rate was 5.86%.
The average rate one year ago was 7.39%.
For refis of the same type during the week of 2024-11-15, the average rate
was -0.26%.
Santa Maria 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 Maria level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| GUARANTEED RATE, INC. | 1 | 5.38% | $14,863 |
The lowest fee Santa Maria USDA lenders (with over 10 loans originated) are
.
The lowest rate Santa Maria USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Santa Maria (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 | $993,000 (-9.3%) | $3,110,227 (3.8%) | 3.68 | 749 |
| 2018-02-01 | $1,088,750 (0.5%) | $3,110,107 (2.0%) | 3.95 | 784 |
| 2018-03-01 | $999,000 (-10.7%) | $2,883,456 (-8.3%) | 3.51 | 849 |
| 2018-04-01 | $1,049,250 (-12.4%) | $2,705,619 (-15.9%) | 3.56 | 944 |
| 2018-05-01 | $1,043,000 (-11.7%) | $2,580,283 (-17.2%) | 3.48 | 1,031 |
| 2018-06-01 | $1,049,000 (-6.8%) | $2,466,002 (-21.0%) | 3.50 | 1,100 |
| 2018-07-01 | $1,088,000 (-3.3%) | $2,477,554 (-20.3%) | 3.63 | 1,142 |
| 2018-08-01 | $997,748 (-1.2%) | $2,402,452 (-21.3%) | 3.34 | 1,158 |
| 2018-09-01 | $995,000 (-0.5%) | $2,424,501 (-22.5%) | 3.34 | 1,149 |
| 2018-10-01 | $995,000 (-9.1%) | $2,449,067 (-22.2%) | 3.37 | 1,113 |
| 2018-11-01 | $986,500 (-7.7%) | $2,483,975 (-22.5%) | 3.34 | 1,113 |
| 2018-12-01 | $975,000 (-2.4%) | $2,576,667 (-22.0%) | 3.36 | 1,012 |
| 2019-01-01 | $957,500 (-3.6%) | $2,522,925 (-18.9%) | 3.31 | 956 |
| 2019-02-01 | $944,500 (-13.3%) | $2,556,480 (-17.8%) | 3.19 | 895 |
| 2019-03-01 | $1,029,286 (3.0%) | $2,762,751 (-4.2%) | 3.37 | 918 |
| 2019-04-01 | $1,100,000 (4.8%) | $2,782,906 (2.9%) | 3.49 | 974 |
| 2019-05-01 | $1,149,500 (10.2%) | $2,815,965 (9.1%) | 3.59 | 1,043 |
| 2019-06-01 | $1,175,000 (12.0%) | $2,907,853 (17.9%) | 3.67 | 1,051 |
| 2019-07-01 | $1,244,950 (14.4%) | $2,920,288 (17.9%) | 3.90 | 1,058 |
| 2019-08-01 | $1,231,364 (23.4%) | $3,024,719 (25.9%) | 3.90 | 1,026 |
| 2019-09-01 | $1,255,909 (26.2%) | $3,114,258 (28.5%) | 4.02 | 995 |
| 2019-10-01 | $1,272,273 (27.9%) | $3,157,820 (28.9%) | 4.10 | 970 |
| 2019-11-01 | $1,349,450 (36.8%) | $3,257,299 (31.1%) | 4.42 | 904 |
| 2019-12-01 | $1,338,500 (37.3%) | $3,435,683 (33.3%) | 4.46 | 763 |
| 2020-01-01 | $1,387,500 (44.9%) | $3,566,971 (41.4%) | 4.64 | 678 |
| 2020-02-01 | $1,495,000 (58.3%) | $3,671,847 (43.6%) | 4.89 | 678 |
| 2020-03-01 | $1,578,000 (53.3%) | $3,635,533 (31.6%) | 4.95 | 705 |
| 2020-04-01 | $1,397,750 (27.1%) | $3,317,297 (19.2%) | 4.38 | 711 |
| 2020-05-01 | $1,350,000 (17.4%) | $3,170,821 (12.6%) | 4.10 | 766 |
| 2020-06-01 | $1,485,000 (26.4%) | $3,331,976 (14.6%) | 4.37 | 727 |
| 2020-07-01 | $1,580,000 (26.9%) | $3,564,307 (22.1%) | 4.58 | 652 |
| 2020-08-01 | $1,735,000 (40.9%) | $3,840,069 (27.0%) | 4.97 | 612 |
| 2020-09-01 | $1,875,000 (49.3%) | $4,151,481 (33.3%) | 5.37 | 560 |
| 2020-10-01 | $1,811,750 (42.4%) | $4,130,227 (30.8%) | 5.19 | 515 |
| 2020-11-01 | $1,811,750 (34.3%) | $4,379,570 (34.5%) | 5.30 | 461 |
| 2020-12-01 | $1,828,750 (36.6%) | $4,508,722 (31.2%) | 5.44 | 406 |
| 2021-01-01 | $1,875,000 (35.1%) | $4,767,634 (33.7%) | 5.60 | 343 |
| 2021-02-01 | $1,597,500 (6.9%) | $4,409,100 (20.1%) | 4.65 | 336 |
| 2021-03-01 | $1,680,000 (6.5%) | $5,031,699 (38.4%) | 4.77 | 310 |
| 2021-04-01 | $1,523,000 (9.0%) | $4,628,793 (39.5%) | 4.12 | 301 |
| 2021-05-01 | $1,395,000 (3.3%) | $4,535,119 (43.0%) | 3.71 | 295 |
| 2021-06-01 | $1,297,250 (-12.6%) | $4,418,558 (32.6%) | 3.41 | 342 |
| 2021-07-01 | $1,200,000 (-24.1%) | $4,532,433 (27.2%) | 3.17 | 347 |
| 2021-08-01 | $1,196,000 (-31.1%) | $5,126,322 (33.5%) | 3.19 | 333 |
| 2021-09-01 | $1,326,000 (-29.3%) | $5,071,788 (22.2%) | 3.54 | 323 |
| 2021-10-01 | $1,270,000 (-29.9%) | $5,572,701 (34.9%) | 3.39 | 302 |
| 2021-11-01 | $1,313,500 (-27.5%) | $5,674,530 (29.6%) | 3.51 | 274 |
| 2021-12-01 | $1,292,500 (-29.3%) | $5,583,833 (23.9%) | 3.50 | 256 |
| 2022-01-01 | $1,330,000 (-29.1%) | $5,791,123 (21.5%) | 3.60 | 222 |
| 2022-02-01 | $1,474,750 (-7.7%) | $5,289,702 (20.0%) | 3.84 | 206 |
| 2022-03-01 | $1,347,500 (-19.8%) | $5,602,950 (11.4%) | 3.37 | 228 |
| 2022-04-01 | $1,399,000 (-8.1%) | $5,518,577 (19.2%) | 3.33 | 245 |
| 2022-05-01 | $1,434,750 (2.9%) | $5,112,663 (12.7%) | 3.28 | 312 |
| 2022-06-01 | $1,372,500 (5.8%) | $4,982,731 (12.8%) | 3.06 | 364 |
| 2022-07-01 | $1,200,000 (0.0%) | $4,231,033 (-6.7%) | 2.70 | 492 |
| 2022-08-01 | $1,269,250 (6.1%) | $4,402,294 (-14.1%) | 2.93 | 489 |
| 2022-09-01 | $1,255,750 (-5.3%) | $4,142,134 (-18.3%) | 2.94 | 462 |
| 2022-10-01 | $1,150,000 (-9.5%) | $3,782,690 (-32.1%) | 2.71 | 439 |
| 2022-11-01 | $1,272,500 (-3.1%) | $3,617,961 (-36.2%) | 3.06 | 411 |
| 2022-12-01 | $1,212,000 (-6.2%) | $3,719,362 (-33.4%) | 2.99 | 345 |
| 2023-01-01 | $1,249,750 (-6.0%) | $3,731,296 (-35.6%) | 3.10 | 284 |
| 2023-02-01 | $1,343,750 (-8.9%) | $3,922,010 (-25.9%) | 3.24 | 283 |
| 2023-03-01 | $1,513,250 (12.3%) | $4,347,494 (-22.4%) | 3.57 | 261 |
| 2023-04-01 | $1,895,000 (35.5%) | $4,548,802 (-17.6%) | 4.41 | 247 |
| 2023-05-01 | $2,017,500 (40.6%) | $4,808,097 (-6.0%) | 4.57 | 267 |
| 2023-06-01 | $2,118,500 (54.4%) | $4,844,621 (-2.8%) | 4.76 | 287 |
| 2023-07-01 | $1,996,000 (66.3%) | $4,877,749 (15.3%) | 4.54 | 355 |
| 2023-08-01 | $1,960,000 (54.4%) | $4,699,293 (6.8%) | 4.50 | 371 |
| 2023-09-01 | $1,895,000 (50.9%) | $4,734,365 (14.3%) | 4.41 | 402 |
| 2023-10-01 | $1,902,500 (65.4%) | $5,124,111 (35.5%) | 4.48 | 410 |
| 2023-11-01 | $1,822,500 (43.2%) | $5,245,227 (45.0%) | 4.34 | 425 |
| 2023-12-01 | $1,795,000 (48.1%) | $5,360,959 (44.1%) | 4.38 | 393 |
| 2024-01-01 | $1,749,500 (40.0%) | $5,009,413 (34.3%) | 4.27 | 380 |
| 2024-02-01 | $1,779,750 (32.5%) | $4,981,103 (27.0%) | 4.28 | 372 |
| 2024-03-01 | $1,950,000 (28.9%) | $4,850,374 (11.6%) | 4.59 | 403 |
| 2024-04-01 | $1,899,500 (0.2%) | $4,439,844 (-2.4%) | 4.42 | 467 |
| 2024-05-01 | $2,111,750 (4.7%) | $5,028,834 (4.6%) | 4.77 | 492 |
| 2024-06-01 | $2,097,000 (-1.0%) | $4,911,874 (1.4%) | 4.71 | 529 |
| 2024-07-01 | $2,097,750 (5.1%) | $4,777,995 (-2.1%) | 4.80 | 585 |
| 2024-08-01 | $2,150,000 (9.7%) | $4,668,749 (-0.7%) | 5.00 | 616 |
| 2024-09-01 | $2,191,000 (15.6%) | $4,674,199 (-1.3%) | 5.16 | 590 |
| 2024-10-01 | $1,935,000 (1.7%) | $4,481,312 (-12.5%) | 4.55 | 587 |
Santa Maria's median listing price comes in at 455% of the national average.
Santa Maria's average listing price for 2024-10-01 was $4,481,312, a difference of $-642,799 (-12.5%) versus the prior year and $-192,887 versus the prior month.
For the 2024-10-01 period, Santa Maria had 587 MLS listings, a difference of -3 listings (-1%) versus the prior month and 177 listings (43%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Santa Maria (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 87 days | 2,103 sqft |
| 2018-02-01 | 65 days | 2,125 sqft |
| 2018-03-01 | 46 days | 2,087 sqft |
| 2018-04-01 | 46 days | 2,092 sqft |
| 2018-05-01 | 46 days | 2,051 sqft |
| 2018-06-01 | 52 days | 2,041 sqft |
| 2018-07-01 | 55 days | 2,021 sqft |
| 2018-08-01 | 60 days | 2,000 sqft |
| 2018-09-01 | 64 days | 2,000 sqft |
| 2018-10-01 | 69 days | 1,995 sqft |
| 2018-11-01 | 69 days | 1,994 sqft |
| 2018-12-01 | 82 days | 2,015 sqft |
| 2019-01-01 | 87 days | 2,034 sqft |
| 2019-02-01 | 84 days | 2,037 sqft |
| 2019-03-01 | 70 days | 2,044 sqft |
| 2019-04-01 | 53 days | 2,059 sqft |
| 2019-05-01 | 51 days | 2,084 sqft |
| 2019-06-01 | 57 days | 2,113 sqft |
| 2019-07-01 | 66 days | 2,169 sqft |
| 2019-08-01 | 68 days | 2,191 sqft |
| 2019-09-01 | 69 days | 2,229 sqft |
| 2019-10-01 | 70 days | 2,252 sqft |
| 2019-11-01 | 73 days | 2,281 sqft |
| 2019-12-01 | 84 days | 2,293 sqft |
| 2020-01-01 | 90 days | 2,320 sqft |
| 2020-02-01 | 82 days | 2,361 sqft |
| 2020-03-01 | 55 days | 2,369 sqft |
| 2020-04-01 | 61 days | 2,207 sqft |
| 2020-05-01 | 64 days | 2,238 sqft |
| 2020-06-01 | 53 days | 2,268 sqft |
| 2020-07-01 | 57 days | 2,284 sqft |
| 2020-08-01 | 46 days | 2,287 sqft |
| 2020-09-01 | 46 days | 2,352 sqft |
| 2020-10-01 | 50 days | 2,347 sqft |
| 2020-11-01 | 53 days | 2,392 sqft |
| 2020-12-01 | 61 days | 2,341 sqft |
| 2021-01-01 | 60 days | 2,203 sqft |
| 2021-02-01 | 38 days | 1,994 sqft |
| 2021-03-01 | 31 days | 2,097 sqft |
| 2021-04-01 | 27 days | 2,075 sqft |
| 2021-05-01 | 25 days | 2,010 sqft |
| 2021-06-01 | 22 days | 1,937 sqft |
| 2021-07-01 | 31 days | 1,949 sqft |
| 2021-08-01 | 31 days | 2,048 sqft |
| 2021-09-01 | 31 days | 1,980 sqft |
| 2021-10-01 | 34 days | 2,020 sqft |
| 2021-11-01 | 31 days | 2,131 sqft |
| 2021-12-01 | 39 days | 2,122 sqft |
| 2022-01-01 | 43 days | 1,988 sqft |
| 2022-02-01 | 27 days | 2,054 sqft |
| 2022-03-01 | 20 days | 1,989 sqft |
| 2022-04-01 | 22 days | 2,000 sqft |
| 2022-05-01 | 25 days | 2,001 sqft |
| 2022-06-01 | 29 days | 1,988 sqft |
| 2022-07-01 | 29 days | 1,955 sqft |
| 2022-08-01 | 40 days | 1,968 sqft |
| 2022-09-01 | 48 days | 1,973 sqft |
| 2022-10-01 | 52 days | 1,930 sqft |
| 2022-11-01 | 55 days | 1,909 sqft |
| 2022-12-01 | 66 days | 1,922 sqft |
| 2023-01-01 | 73 days | 2,048 sqft |
| 2023-02-01 | 43 days | 2,024 sqft |
| 2023-03-01 | 42 days | 2,003 sqft |
| 2023-04-01 | 40 days | 2,132 sqft |
| 2023-05-01 | 33 days | 2,272 sqft |
| 2023-06-01 | 34 days | 2,238 sqft |
| 2023-07-01 | 32 days | 2,197 sqft |
| 2023-08-01 | 39 days | 2,200 sqft |
| 2023-09-01 | 46 days | 2,183 sqft |
| 2023-10-01 | 46 days | 2,254 sqft |
| 2023-11-01 | 48 days | 2,237 sqft |
| 2023-12-01 | 52 days | 2,168 sqft |
| 2024-01-01 | 65 days | 2,106 sqft |
| 2024-02-01 | 56 days | 2,116 sqft |
| 2024-03-01 | 47 days | 2,072 sqft |
| 2024-04-01 | 41 days | 2,024 sqft |
| 2024-05-01 | 42 days | 2,116 sqft |
| 2024-06-01 | 45 days | 2,193 sqft |
| 2024-07-01 | 45 days | 2,198 sqft |
| 2024-08-01 | 49 days | 2,200 sqft |
| 2024-09-01 | 58 days | 2,210 sqft |
| 2024-10-01 | 59 days | 2,104 sqft |
Santa Maria's median square footage for active listings during the 2024-10-01 period was 2,104 sqft. One year prior, the average listing was 2,254 sqft.