Sierra Vista USDA Loans

SIERRA VISTA-DOUGLAS, AZ

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.

Sierra Vista's 21 lenders originated 140 USDA loans during 2021. The total origination value was $20,580,000, with an average USDA loan value of $147,000.

Sierra Vista USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Sierra Vista averaged 5.15% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.54% and one month ago for the week of 2022-04-15, the average rate was 5.13%.

The average rate one year ago was 2.98%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.03%.

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

Sierra Vista 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 Sierra Vista level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
SUNSTREET MORTGAGE, LLC 40 3.16% $3,302
GUILD MORTGAGE COMPANY 29 2.99% $5,410
NOVA FINANCIAL & INVESTMENT CORPORATION 19 2.88% $3,016
Lend Smart Mortgage, LLC 19 2.95% $5,724
ALTITUDE FINANCIAL CORPORATION 8 2.89% $2,655
PENNYMAC LOAN SERVICES, LLC 4 2.84% $5,132
BAY EQUITY LLC 3 3.33% $4,346
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.00% $6,616
ALL WESTERN MORTGAGE, INC. 2 3.13% $5,444
STARBOARD FINANCIAL MANAGEMENT, LLC 2 3.06% $4,577
Flagstar Bank, FSB 1 2.88% $8,080
Carrington Mortgage Services, LLC 1 4.63% $6,103
LOANDEPOT.COM, LLC 1 3.38% $8,467
Bank of England 1 3.38% $5,540
AMERISAVE MORTGAGE CORPORATION 1 2.75% $3,614
Plains Commerce Bank 1 3.00% $6,862
Prosperity Home Mortgage, LLC 1 2.75% $6,411
Wells Fargo Bank 1 2.63% $7,343
AMERICAN FINANCIAL RESOURCES, INC. 1 2.75% $3,419
UNITED WHOLESALE MORTGAGE, LLC 1 2.50% $6,346
GENEVA FINANCIAL, LLC 1 2.75% $5,350

The top Sierra Vista USDA lender as defined by loan originations is SUNSTREET MORTGAGE, LLC, with 40 USDA loans originated. Their average total fees are $3,302, which is $2,108 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Sierra Vista USDA lenders (with over 10 loans originated) are NOVA FINANCIAL & INVESTMENT CORPORATION ($3,016), SUNSTREET MORTGAGE, LLC ($3,302), GUILD MORTGAGE COMPANY ($5,410), Lend Smart Mortgage, LLC ($5,724) and .

The lowest rate Sierra Vista USDA lenders (with over 10 loans originated) are NOVA FINANCIAL & INVESTMENT CORPORATION (2.88%), Lend Smart Mortgage, LLC (2.95%), GUILD MORTGAGE COMPANY (2.99%), SUNSTREET MORTGAGE, LLC (3.16%) and .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sierra Vista (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 $172,305 (7.8%) $222,234 (-4.9%) 0.00 839
2018-02-01 $175,000 (9.4%) $225,030 (-5.7%) 0.00 821
2018-03-01 $174,000 (9.1%) $224,249 (-3.6%) 0.00 787
2018-04-01 $179,700 (9.2%) $232,036 (0.4%) 0.00 725
2018-05-01 $185,000 (11.8%) $244,592 (3.5%) 0.00 721
2018-06-01 $190,000 (11.8%) $245,508 (3.2%) 0.00 750
2018-07-01 $198,500 (16.8%) $249,884 (4.4%) 0.00 737
2018-08-01 $190,000 (12.1%) $250,300 (6.3%) 0.00 730
2018-09-01 $187,500 (7.8%) $253,042 (6.4%) 0.00 733
2018-10-01 $186,750 (9.9%) $251,302 (7.5%) 0.00 711
2018-11-01 $190,000 (12.4%) $248,527 (11.5%) 0.00 717
2018-12-01 $189,900 (12.4%) $247,329 (12.2%) 0.00 691
2019-01-01 $194,950 (13.1%) $241,544 (8.7%) 0.00 664
2019-02-01 $191,250 (9.3%) $240,871 (7.0%) 0.00 652
2019-03-01 $193,857 (11.4%) $250,560 (11.7%) 0.00 620
2019-04-01 $198,357 (10.4%) $258,872 (11.6%) 0.00 585
2019-05-01 $197,750 (6.9%) $256,021 (4.7%) 0.00 563
2019-06-01 $197,500 (4.0%) $250,490 (2.0%) 0.00 604
2019-07-01 $198,950 (0.2%) $250,166 (0.1%) 0.00 628
2019-08-01 $201,514 (6.1%) $252,221 (0.8%) 0.00 637
2019-09-01 $204,564 (9.1%) $255,903 (1.1%) 0.00 625
2019-10-01 $202,500 (8.4%) $253,926 (1.0%) 0.00 610
2019-11-01 $211,027 (11.1%) $262,547 (5.6%) 0.00 582
2019-12-01 $211,964 (11.6%) $267,676 (8.2%) 0.00 563
2020-01-01 $210,000 (7.7%) $271,510 (12.4%) 0.00 542
2020-02-01 $210,000 (9.8%) $274,796 (14.1%) 0.00 506
2020-03-01 $207,450 (7.0%) $275,583 (10.0%) 0.00 492
2020-04-01 $212,500 (7.1%) $267,020 (3.2%) 0.00 373
2020-05-01 $215,000 (8.7%) $279,849 (9.3%) 0.00 377
2020-06-01 $217,450 (10.1%) $286,397 (14.3%) 0.00 353
2020-07-01 $217,500 (9.3%) $290,370 (16.1%) 0.00 329
2020-08-01 $230,000 (14.1%) $303,811 (20.5%) 0.00 294
2020-09-01 $227,500 (11.2%) $314,130 (22.8%) 0.00 270
2020-10-01 $225,000 (11.1%) $319,677 (25.9%) 0.00 268
2020-11-01 $225,000 (6.6%) $323,674 (23.3%) 0.00 253
2020-12-01 $219,950 (3.8%) $316,674 (18.3%) 0.00 265
2021-01-01 $225,000 (7.1%) $314,388 (15.8%) 0.00 255
2021-02-01 $239,000 (13.8%) $348,622 (26.9%) 0.00 229
2021-03-01 $247,500 (19.3%) $367,159 (33.2%) 0.00 230
2021-04-01 $264,950 (24.7%) $388,256 (45.4%) 0.00 215
2021-05-01 $255,000 (18.6%) $393,060 (40.5%) 0.00 230
2021-06-01 $265,750 (22.2%) $405,067 (41.4%) 0.00 267
2021-07-01 $280,500 (29.0%) $410,164 (41.3%) 0.00 282
2021-08-01 $287,500 (25.0%) $423,490 (39.4%) 0.00 256
2021-09-01 $312,000 (37.1%) $439,860 (40.0%) 0.00 270
2021-10-01 $320,000 (42.2%) $431,873 (35.1%) 0.00 273
2021-11-01 $299,450 (33.1%) $431,820 (33.4%) 0.00 275
2021-12-01 $296,250 (34.7%) $434,864 (37.3%) 0.00 234
2022-01-01 $287,000 (27.6%) $448,643 (42.7%) 0.00 193
2022-02-01 $304,950 (27.6%) $452,853 (29.9%) 0.00 185
2022-03-01 $287,450 (16.1%) $437,922 (19.3%) 0.00 184
2022-04-01 $299,500 (13.0%) $448,453 (15.5%) 0.00 208
Sierra Vista's median listing price for 2022-04-01 was $299,500, a difference of $34,550 (13.0%) versus the prior year and $12,050 versus the prior month.

Sierra Vista's median listing price comes in at 0% of the national average.

Sierra Vista's average listing price for 2022-04-01 was $448,453, a difference of $60,197 (15.5%) versus the prior year and $10,531 versus the prior month.

For the 2022-04-01 period, Sierra Vista had 208 MLS listings, a difference of 24 listings (13%) versus the prior month and -7 listings (-3%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sierra Vista (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,801 sqft
2018-02-01 0 days 1,814 sqft
2018-03-01 0 days 1,808 sqft
2018-04-01 0 days 1,813 sqft
2018-05-01 0 days 1,815 sqft
2018-06-01 0 days 1,851 sqft
2018-07-01 0 days 1,883 sqft
2018-08-01 0 days 1,868 sqft
2018-09-01 0 days 1,851 sqft
2018-10-01 0 days 1,830 sqft
2018-11-01 0 days 1,826 sqft
2018-12-01 0 days 1,830 sqft
2019-01-01 0 days 1,816 sqft
2019-02-01 0 days 1,816 sqft
2019-03-01 0 days 1,824 sqft
2019-04-01 0 days 1,818 sqft
2019-05-01 0 days 1,797 sqft
2019-06-01 0 days 1,794 sqft
2019-07-01 0 days 1,789 sqft
2019-08-01 0 days 1,785 sqft
2019-09-01 0 days 1,785 sqft
2019-10-01 0 days 1,762 sqft
2019-11-01 0 days 1,785 sqft
2019-12-01 0 days 1,815 sqft
2020-01-01 0 days 1,813 sqft
2020-02-01 0 days 1,804 sqft
2020-03-01 0 days 1,830 sqft
2020-04-01 0 days 1,811 sqft
2020-05-01 0 days 1,794 sqft
2020-06-01 0 days 1,799 sqft
2020-07-01 0 days 1,845 sqft
2020-08-01 0 days 1,870 sqft
2020-09-01 0 days 1,855 sqft
2020-10-01 0 days 1,859 sqft
2020-11-01 0 days 1,845 sqft
2020-12-01 0 days 1,865 sqft
2021-01-01 0 days 1,881 sqft
2021-02-01 0 days 1,865 sqft
2021-03-01 0 days 1,881 sqft
2021-04-01 0 days 1,931 sqft
2021-05-01 0 days 1,867 sqft
2021-06-01 0 days 1,848 sqft
2021-07-01 0 days 1,886 sqft
2021-08-01 0 days 1,860 sqft
2021-09-01 0 days 1,923 sqft
2021-10-01 0 days 1,950 sqft
2021-11-01 0 days 1,935 sqft
2021-12-01 0 days 1,952 sqft
2022-01-01 0 days 1,999 sqft
2022-02-01 0 days 1,953 sqft
2022-03-01 0 days 1,890 sqft
2022-04-01 0 days 1,846 sqft
Sierra Vista's median listing age (time on market) for 2022-04-01 was 0 days.

Sierra Vista's median square footage for active listings during the 2022-04-01 period was 1,846 sqft. One year prior, the average listing was 1,931 sqft.