Sonora USDA Loan Rates, Closing Costs & Stats
Sonora, 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.
Sonora's 4 lenders originated 6 USDA loans during 2022. The total origination value was $1,870,000, with an average USDA loan value of $311,667.
Sonora USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Sonora
averaged
6.5%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Sonora's average USDA mortgage closing costs are $7,038.
The average rate for the prior week (2023-05-19) was
6.14% and
one month ago for the week of 2023-04-21, the
average rate was 6.15%.
The average rate one year ago was 5.07%.
For refis of the same type during the week of 2023-05-26, the average rate
was 4.91%.
Sonora 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 Sonora level.
Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|---|---|---|
Loan Simple, Inc. | 2 | 4.88% | $10,041 |
EVERETT FINANCIAL, INC. | 1 | 5.25% | $5,914 |
FINANCE OF AMERICA MORTGAGE LLC | 1 | 3.75% | $8,797 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 3.88% | $13,192 |
The top Sonora USDA lender as defined by loan originations is Loan Simple, Inc., with
2 USDA loans originated. Their average total fees are
$10,041, which is $4,127
higher than the next largest lender,
EVERETT FINANCIAL, INC..
The lowest fee Sonora USDA lenders (with over 10 loans originated) are
.
The lowest rate Sonora USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Sonora (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $323,250 (2.6%) | $388,005 (-0.6%) | 0.00 | 313 |
2018-02-01 | $325,000 (3.7%) | $400,258 (1.6%) | 0.00 | 296 |
2018-03-01 | $325,000 (2.4%) | $399,228 (-0.1%) | 0.00 | 311 |
2018-04-01 | $344,250 (5.9%) | $418,658 (5.3%) | 0.00 | 326 |
2018-05-01 | $349,950 (7.7%) | $435,575 (8.4%) | 0.00 | 361 |
2018-06-01 | $350,000 (6.4%) | $435,602 (10.1%) | 0.00 | 415 |
2018-07-01 | $349,450 (7.5%) | $423,887 (11.1%) | 0.00 | 496 |
2018-08-01 | $348,500 (7.2%) | $422,111 (8.9%) | 0.00 | 521 |
2018-09-01 | $339,000 (6.3%) | $415,157 (7.4%) | 0.00 | 529 |
2018-10-01 | $337,000 (6.3%) | $407,088 (3.2%) | 0.00 | 505 |
2018-11-01 | $339,000 (9.7%) | $405,030 (4.2%) | 0.00 | 466 |
2018-12-01 | $329,000 (6.5%) | $400,151 (5.1%) | 0.00 | 425 |
2019-01-01 | $334,200 (3.4%) | $408,435 (5.3%) | 0.00 | 342 |
2019-02-01 | $329,450 (1.4%) | $403,979 (0.9%) | 0.00 | 331 |
2019-03-01 | $325,000 (0.0%) | $406,061 (1.7%) | 0.00 | 327 |
2019-04-01 | $339,475 (-1.4%) | $416,259 (-0.6%) | 0.00 | 398 |
2019-05-01 | $347,225 (-0.8%) | $428,764 (-1.6%) | 0.00 | 475 |
2019-06-01 | $354,450 (1.3%) | $433,270 (-0.5%) | 0.00 | 547 |
2019-07-01 | $349,700 (0.1%) | $420,245 (-0.9%) | 0.00 | 614 |
2019-08-01 | $349,000 (0.1%) | $418,884 (-0.8%) | 0.00 | 651 |
2019-09-01 | $349,000 (3.0%) | $419,342 (1.0%) | 0.00 | 625 |
2019-10-01 | $342,400 (1.6%) | $415,234 (2.0%) | 0.00 | 608 |
2019-11-01 | $339,000 (0.0%) | $415,302 (2.5%) | 0.00 | 554 |
2019-12-01 | $336,000 (2.1%) | $427,814 (6.9%) | 0.00 | 474 |
2020-01-01 | $329,000 (-1.6%) | $426,026 (4.3%) | 0.00 | 363 |
2020-02-01 | $329,000 (-0.1%) | $428,325 (6.0%) | 0.00 | 349 |
2020-03-01 | $339,125 (4.4%) | $422,910 (4.2%) | 0.00 | 366 |
2020-04-01 | $335,675 (-1.1%) | $420,328 (1.0%) | 0.00 | 352 |
2020-05-01 | $338,000 (-2.7%) | $424,292 (-1.0%) | 0.00 | 353 |
2020-06-01 | $359,488 (1.4%) | $435,708 (0.6%) | 0.00 | 339 |
2020-07-01 | $369,713 (5.7%) | $445,692 (6.1%) | 0.00 | 320 |
2020-08-01 | $381,100 (9.2%) | $463,551 (10.7%) | 0.00 | 252 |
2020-09-01 | $378,750 (8.5%) | $546,723 (30.4%) | 0.00 | 242 |
2020-10-01 | $375,000 (9.5%) | $545,586 (31.4%) | 0.00 | 248 |
2020-11-01 | $397,000 (17.1%) | $493,315 (18.8%) | 0.00 | 219 |
2020-12-01 | $399,925 (19.0%) | $516,460 (20.7%) | 0.00 | 191 |
2021-01-01 | $432,000 (31.3%) | $542,645 (27.4%) | 0.00 | 163 |
2021-02-01 | $466,975 (41.9%) | $587,900 (37.3%) | 0.00 | 129 |
2021-03-01 | $469,750 (38.5%) | $558,524 (32.1%) | 0.00 | 130 |
2021-04-01 | $449,971 (34.1%) | $533,892 (27.0%) | 0.00 | 158 |
2021-05-01 | $448,500 (32.7%) | $521,917 (23.0%) | 0.00 | 177 |
2021-06-01 | $451,750 (25.7%) | $532,674 (22.3%) | 0.00 | 196 |
2021-07-01 | $449,900 (21.7%) | $532,671 (19.5%) | 0.00 | 203 |
2021-08-01 | $439,613 (15.4%) | $518,613 (11.9%) | 0.00 | 227 |
2021-09-01 | $432,000 (14.1%) | $517,409 (-5.4%) | 0.00 | 243 |
2021-10-01 | $432,500 (15.3%) | $535,289 (-1.9%) | 0.00 | 259 |
2021-11-01 | $450,000 (13.4%) | $567,519 (15.0%) | 0.00 | 233 |
2021-12-01 | $479,000 (19.8%) | $595,965 (15.4%) | 0.00 | 183 |
2022-01-01 | $492,725 (14.1%) | $628,648 (15.9%) | 0.00 | 127 |
2022-02-01 | $489,625 (4.9%) | $639,264 (8.7%) | 0.00 | 115 |
2022-03-01 | $494,250 (5.2%) | $625,165 (11.9%) | 0.00 | 138 |
2022-04-01 | $491,500 (9.2%) | $597,505 (11.9%) | 0.00 | 158 |
2022-05-01 | $479,500 (6.9%) | $1,258,064 (141.1%) | 0.00 | 211 |
2022-06-01 | $473,725 (4.9%) | $579,209 (8.7%) | 0.00 | 266 |
2022-07-01 | $459,000 (2.0%) | $548,948 (3.1%) | 0.00 | 315 |
2022-08-01 | $449,450 (2.2%) | $527,474 (1.7%) | 0.00 | 344 |
2022-09-01 | $447,000 (3.5%) | $531,049 (2.6%) | 0.00 | 318 |
2022-10-01 | $449,000 (3.8%) | $533,600 (-0.3%) | 0.00 | 313 |
2022-11-01 | $431,250 (-4.2%) | $529,741 (-6.7%) | 0.00 | 298 |
2022-12-01 | $440,000 (-8.1%) | $540,827 (-9.3%) | 0.00 | 245 |
2023-01-01 | $429,950 (-12.7%) | $543,852 (-13.5%) | 0.00 | 199 |
2023-02-01 | $444,000 (-9.3%) | $557,337 (-12.8%) | 0.00 | 180 |
2023-03-01 | $454,950 (-8.0%) | $571,273 (-8.6%) | 0.00 | 149 |
2023-04-01 | $464,450 (-5.5%) | $584,111 (-2.2%) | 0.00 | 162 |
Sonora's median listing price comes in at 0% of the national average.
Sonora's average listing price for 2023-04-01 was $584,111, a difference of $-13,394 (-2.2%) versus the prior year and $12,838 versus the prior month.
For the 2023-04-01 period, Sonora had 162 MLS listings, a difference of 13 listings (9%) versus the prior month and 4 listings (3%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sonora (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,728 sqft |
2018-02-01 | 0 days | 1,739 sqft |
2018-03-01 | 0 days | 1,750 sqft |
2018-04-01 | 0 days | 1,773 sqft |
2018-05-01 | 0 days | 1,841 sqft |
2018-06-01 | 0 days | 1,873 sqft |
2018-07-01 | 0 days | 1,793 sqft |
2018-08-01 | 0 days | 1,779 sqft |
2018-09-01 | 0 days | 1,792 sqft |
2018-10-01 | 0 days | 1,761 sqft |
2018-11-01 | 0 days | 1,784 sqft |
2018-12-01 | 0 days | 1,762 sqft |
2019-01-01 | 0 days | 1,798 sqft |
2019-02-01 | 0 days | 1,760 sqft |
2019-03-01 | 0 days | 1,768 sqft |
2019-04-01 | 0 days | 1,798 sqft |
2019-05-01 | 0 days | 1,843 sqft |
2019-06-01 | 0 days | 1,844 sqft |
2019-07-01 | 0 days | 1,817 sqft |
2019-08-01 | 0 days | 1,827 sqft |
2019-09-01 | 0 days | 1,829 sqft |
2019-10-01 | 0 days | 1,829 sqft |
2019-11-01 | 0 days | 1,803 sqft |
2019-12-01 | 0 days | 1,803 sqft |
2020-01-01 | 0 days | 1,793 sqft |
2020-02-01 | 0 days | 1,776 sqft |
2020-03-01 | 0 days | 1,762 sqft |
2020-04-01 | 0 days | 1,787 sqft |
2020-05-01 | 0 days | 1,772 sqft |
2020-06-01 | 0 days | 1,812 sqft |
2020-07-01 | 0 days | 1,814 sqft |
2020-08-01 | 0 days | 1,785 sqft |
2020-09-01 | 0 days | 1,795 sqft |
2020-10-01 | 0 days | 1,790 sqft |
2020-11-01 | 0 days | 1,801 sqft |
2020-12-01 | 0 days | 1,805 sqft |
2021-01-01 | 0 days | 1,814 sqft |
2021-02-01 | 0 days | 1,811 sqft |
2021-03-01 | 0 days | 1,817 sqft |
2021-04-01 | 0 days | 1,800 sqft |
2021-05-01 | 0 days | 1,797 sqft |
2021-06-01 | 0 days | 1,794 sqft |
2021-07-01 | 0 days | 1,786 sqft |
2021-08-01 | 0 days | 1,731 sqft |
2021-09-01 | 0 days | 1,755 sqft |
2021-10-01 | 0 days | 1,732 sqft |
2021-11-01 | 0 days | 1,841 sqft |
2021-12-01 | 0 days | 1,867 sqft |
2022-01-01 | 0 days | 1,889 sqft |
2022-02-01 | 0 days | 1,819 sqft |
2022-03-01 | 0 days | 1,895 sqft |
2022-04-01 | 0 days | 1,831 sqft |
2022-05-01 | 0 days | 1,777 sqft |
2022-06-01 | 0 days | 1,810 sqft |
2022-07-01 | 0 days | 1,757 sqft |
2022-08-01 | 0 days | 1,759 sqft |
2022-09-01 | 0 days | 1,769 sqft |
2022-10-01 | 0 days | 1,734 sqft |
2022-11-01 | 0 days | 1,721 sqft |
2022-12-01 | 0 days | 1,721 sqft |
2023-01-01 | 0 days | 1,664 sqft |
2023-02-01 | 0 days | 1,728 sqft |
2023-03-01 | 0 days | 1,781 sqft |
2023-04-01 | 0 days | 1,753 sqft |
Sonora's median square footage for active listings during the 2023-04-01 period was 1,753 sqft. One year prior, the average listing was 1,831 sqft.