Santa Rosa USDA Loans

SANTA ROSA-PETALUMA, 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 Rosa's 5 lenders originated 9 USDA loans during 2021. The total origination value was $4,725,000, with an average USDA loan value of $525,000.

Santa Rosa USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Santa Rosa averaged 5.15% 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 5.27% and one month ago for the week of 2022-07-01, the average rate was 5.61%.

The average rate one year ago was 2.99%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.09%.

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

Santa Rosa 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 Santa Rosa level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Century Mortgage Company DBA Century Lending Company 1 3.00% $9,111
First Guaranty Mortgage Corporation 1 2.75% $19,158
GUILD MORTGAGE COMPANY 1 3.00% $8,981
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.75% $8,845
HOME POINT FINANCIAL CORPORATION 1 2.38% $9,914

The top Santa Rosa USDA lender as defined by loan originations is Century Mortgage Company DBA Century Lending Company, with 1 USDA loans originated. Their average total fees are $9,111, which is $10,048 lower than the next largest lender, First Guaranty Mortgage Corporation.

The lowest fee Santa Rosa USDA lenders (with over 10 loans originated) are .

The lowest rate Santa Rosa USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Santa Rosa (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 $784,000 (9.7%) $1,226,237 (14.4%) 2.89 409
2018-02-01 $796,500 (9.1%) $1,182,391 (9.9%) 2.87 452
2018-03-01 $779,000 (5.7%) $1,190,063 (2.9%) 2.70 525
2018-04-01 $762,475 (0.5%) $1,187,804 (-6.9%) 2.56 624
2018-05-01 $791,475 (2.9%) $1,261,499 (-0.6%) 2.64 765
2018-06-01 $749,000 (-3.2%) $1,217,730 (-4.1%) 2.50 935
2018-07-01 $737,000 (-1.7%) $1,150,281 (-8.1%) 2.46 1,096
2018-08-01 $699,750 (-8.2%) $1,107,857 (-13.6%) 2.34 1,184
2018-09-01 $714,900 (-10.1%) $1,100,782 (-15.5%) 2.39 1,214
2018-10-01 $699,000 (-14.2%) $1,095,822 (-17.5%) 2.34 1,186
2018-11-01 $699,000 (-14.5%) $1,110,659 (-18.2%) 2.34 1,114
2018-12-01 $689,900 (-13.8%) $1,116,153 (-15.1%) 2.36 902
2019-01-01 $684,000 (-12.8%) $1,089,491 (-11.2%) 2.36 739
2019-02-01 $689,000 (-13.5%) $1,113,118 (-5.9%) 2.31 718
2019-03-01 $720,857 (-7.5%) $1,202,501 (1.1%) 2.35 757
2019-04-01 $757,500 (-0.7%) $1,266,324 (6.6%) 2.39 872
2019-05-01 $792,000 (0.1%) $1,357,457 (7.6%) 2.44 1,074
2019-06-01 $799,000 (6.7%) $1,391,814 (14.3%) 2.46 1,196
2019-07-01 $795,000 (7.9%) $1,335,369 (16.1%) 2.47 1,266
2019-08-01 $763,857 (9.2%) $1,265,143 (14.2%) 2.40 1,261
2019-09-01 $751,357 (5.1%) $1,248,132 (13.4%) 2.39 1,212
2019-10-01 $785,000 (12.3%) $1,290,476 (17.8%) 2.50 1,181
2019-11-01 $775,000 (10.9%) $1,278,438 (15.1%) 2.50 1,054
2019-12-01 $780,000 (13.1%) $1,239,828 (11.1%) 2.60 778
2020-01-01 $792,000 (15.8%) $1,205,036 (10.6%) 2.64 682
2020-02-01 $799,000 (16.0%) $1,179,034 (5.9%) 2.58 733
2020-03-01 $831,998 (15.4%) $1,205,241 (0.2%) 2.60 796
2020-04-01 $792,000 (4.6%) $1,142,891 (-9.8%) 2.47 792
2020-05-01 $775,000 (-2.2%) $1,143,569 (-15.8%) 2.35 1,004
2020-06-01 $772,000 (-3.4%) $1,223,650 (-12.1%) 2.25 1,014
2020-07-01 $794,950 (0.0%) $1,334,701 (-0.1%) 2.28 897
2020-08-01 $829,000 (8.5%) $1,395,495 (10.3%) 2.37 787
2020-09-01 $845,000 (12.5%) $1,371,926 (9.9%) 2.41 695
2020-10-01 $849,000 (8.2%) $1,388,532 (7.6%) 2.43 786
2020-11-01 $825,000 (6.5%) $1,372,245 (7.3%) 2.36 815
2020-12-01 $817,475 (4.8%) $1,352,201 (9.1%) 2.40 668
2021-01-01 $812,000 (2.5%) $1,397,935 (16.0%) 2.39 561
2021-02-01 $827,000 (3.5%) $1,411,667 (19.7%) 2.38 520
2021-03-01 $820,500 (-1.4%) $1,416,860 (17.6%) 2.30 553
2021-04-01 $864,450 (9.2%) $1,480,583 (29.6%) 2.32 602
2021-05-01 $885,000 (14.2%) $1,549,564 (35.5%) 2.33 659
2021-06-01 $880,000 (14.0%) $1,520,804 (24.3%) 2.29 747
2021-07-01 $872,475 (9.8%) $1,496,709 (12.1%) 2.27 767
2021-08-01 $857,500 (3.4%) $1,441,586 (3.3%) 2.25 752
2021-09-01 $875,000 (3.6%) $1,492,546 (8.8%) 2.30 724
2021-10-01 $899,000 (5.9%) $1,565,077 (12.7%) 2.37 655
2021-11-01 $899,495 (9.0%) $1,620,262 (18.1%) 2.37 487
2021-12-01 $918,495 (12.4%) $1,683,319 (24.5%) 2.45 341
2022-01-01 $926,900 (14.2%) $1,719,373 (23.0%) 2.47 248
2022-02-01 $964,000 (16.6%) $1,775,025 (25.7%) 2.46 277
2022-03-01 $987,500 (20.4%) $1,777,857 (25.5%) 2.44 359
2022-04-01 $1,049,990 (21.5%) $1,872,430 (26.5%) 2.47 405
2022-05-01 $980,000 (10.7%) $1,846,491 (19.2%) 2.19 533
2022-06-01 $975,000 (10.8%) $1,830,575 (20.4%) 2.17 605
Santa Rosa's median listing price for 2022-06-01 was $975,000, a difference of $95,000 (10.8%) versus the prior year and $-5,000 versus the prior month.

Santa Rosa's median listing price comes in at 217% of the national average.

Santa Rosa's average listing price for 2022-06-01 was $1,830,575, a difference of $309,771 (20.4%) versus the prior year and $-15,916 versus the prior month.

For the 2022-06-01 period, Santa Rosa had 605 MLS listings, a difference of 72 listings (14%) versus the prior month and -142 listings (-19%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Santa Rosa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 47 days 1,745 sqft
2018-02-01 30 days 1,843 sqft
2018-03-01 29 days 1,814 sqft
2018-04-01 26 days 1,767 sqft
2018-05-01 29 days 1,755 sqft
2018-06-01 32 days 1,752 sqft
2018-07-01 36 days 1,732 sqft
2018-08-01 43 days 1,700 sqft
2018-09-01 47 days 1,706 sqft
2018-10-01 52 days 1,699 sqft
2018-11-01 54 days 1,698 sqft
2018-12-01 66 days 1,682 sqft
2019-01-01 77 days 1,656 sqft
2019-02-01 72 days 1,666 sqft
2019-03-01 48 days 1,690 sqft
2019-04-01 38 days 1,738 sqft
2019-05-01 37 days 1,802 sqft
2019-06-01 44 days 1,825 sqft
2019-07-01 49 days 1,816 sqft
2019-08-01 53 days 1,813 sqft
2019-09-01 61 days 1,816 sqft
2019-10-01 63 days 1,837 sqft
2019-11-01 69 days 1,815 sqft
2019-12-01 79 days 1,808 sqft
2020-01-01 88 days 1,839 sqft
2020-02-01 62 days 1,862 sqft
2020-03-01 43 days 1,935 sqft
2020-04-01 49 days 1,901 sqft
2020-05-01 53 days 1,870 sqft
2020-06-01 39 days 1,876 sqft
2020-07-01 44 days 1,889 sqft
2020-08-01 42 days 1,938 sqft
2020-09-01 45 days 1,907 sqft
2020-10-01 42 days 1,912 sqft
2020-11-01 42 days 1,858 sqft
2020-12-01 54 days 1,839 sqft
2021-01-01 64 days 1,865 sqft
2021-02-01 38 days 1,863 sqft
2021-03-01 32 days 1,877 sqft
2021-04-01 32 days 1,896 sqft
2021-05-01 31 days 1,902 sqft
2021-06-01 31 days 1,883 sqft
2021-07-01 35 days 1,876 sqft
2021-08-01 38 days 1,852 sqft
2021-09-01 39 days 1,871 sqft
2021-10-01 43 days 1,884 sqft
2021-11-01 52 days 1,921 sqft
2021-12-01 62 days 1,919 sqft
2022-01-01 56 days 1,906 sqft
2022-02-01 25 days 1,870 sqft
2022-03-01 22 days 1,867 sqft
2022-04-01 25 days 1,900 sqft
2022-05-01 25 days 1,896 sqft
2022-06-01 30 days 1,905 sqft
Santa Rosa's median listing age (time on market) for 2022-06-01 was 30 days. This is -3% shorter than the same period one year ago.

Santa Rosa's median square footage for active listings during the 2022-06-01 period was 1,905 sqft. One year prior, the average listing was 1,883 sqft.