Sonora USDA Loans

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 9 lenders originated 19 USDA loans during 2021. The total origination value was $5,115,000, with an average USDA loan value of $269,211.

Sonora USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Sonora averaged 5.08% 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 5.2% and one month ago for the week of 2022-07-01, the average rate was 5.53%.

The average rate one year ago was 3.22%.

For refis of the same type during the week of 2022-08-05, the average rate was 4.99%.

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

Sonora 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 Sonora level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 2.96% $9,018
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 2.66% $8,076
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.13% $5,914
HOME POINT FINANCIAL CORPORATION 2 2.50% $7,330
CALIBER HOME LOANS, INC. 1 2.75% $11,866
S1L, Inc. 1 2.99% $6,412
MEGASTAR FINANCIAL CORP. 1 2.75% $5,790
PENNYMAC LOAN SERVICES, LLC 1 2.88% $4,797
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.75% $18,203

The top Sonora USDA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 6 USDA loans originated. Their average total fees are $9,018, which is $942 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

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. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $325,000 (3.2%) $404,178 (2.6%) 0.00 341
2018-02-01 $329,000 (8.1%) $415,369 (4.4%) 0.00 328
2018-03-01 $329,950 (4.7%) $415,676 (3.2%) 0.00 341
2018-04-01 $345,000 (6.2%) $431,601 (8.2%) 0.00 353
2018-05-01 $362,000 (10.7%) $450,374 (10.6%) 0.00 400
2018-06-01 $365,888 (11.2%) $449,395 (9.1%) 0.00 451
2018-07-01 $349,950 (7.7%) $438,782 (12.1%) 0.00 529
2018-08-01 $349,475 (7.5%) $440,721 (12.3%) 0.00 570
2018-09-01 $349,000 (9.4%) $432,121 (8.7%) 0.00 593
2018-10-01 $342,500 (8.0%) $423,314 (3.6%) 0.00 586
2018-11-01 $349,000 (12.9%) $421,496 (4.8%) 0.00 546
2018-12-01 $335,000 (8.4%) $412,556 (3.9%) 0.00 505
2019-01-01 $349,000 (7.4%) $430,180 (6.4%) 0.00 406
2019-02-01 $345,773 (5.1%) $431,341 (3.9%) 0.00 392
2019-03-01 $345,429 (4.7%) $443,286 (6.6%) 0.00 417
2019-04-01 $350,000 (1.5%) $457,740 (6.1%) 0.00 473
2019-05-01 $359,450 (-0.7%) $458,391 (1.8%) 0.00 571
2019-06-01 $375,000 (2.5%) $460,356 (2.4%) 0.00 642
2019-07-01 $368,000 (5.2%) $447,646 (2.0%) 0.00 724
2019-08-01 $361,714 (3.5%) $444,784 (0.9%) 0.00 754
2019-09-01 $360,000 (3.2%) $440,319 (1.9%) 0.00 746
2019-10-01 $362,443 (5.8%) $440,922 (4.2%) 0.00 691
2019-11-01 $359,000 (2.9%) $442,433 (5.0%) 0.00 640
2019-12-01 $352,475 (5.2%) $451,576 (9.5%) 0.00 547
2020-01-01 $349,475 (0.1%) $452,430 (5.2%) 0.00 429
2020-02-01 $359,000 (3.8%) $467,142 (8.3%) 0.00 407
2020-03-01 $374,500 (8.4%) $465,928 (5.1%) 0.00 428
2020-04-01 $359,450 (2.7%) $448,807 (-2.0%) 0.00 404
2020-05-01 $359,000 (-0.1%) $459,190 (0.2%) 0.00 388
2020-06-01 $382,200 (1.9%) $477,688 (3.8%) 0.00 374
2020-07-01 $382,700 (4.0%) $486,231 (8.6%) 0.00 357
2020-08-01 $424,700 (17.4%) $511,999 (15.1%) 0.00 283
2020-09-01 $405,000 (12.5%) $593,253 (34.7%) 0.00 279
2020-10-01 $399,900 (10.3%) $588,230 (33.4%) 0.00 283
2020-11-01 $415,000 (15.6%) $537,780 (21.6%) 0.00 251
2020-12-01 $427,000 (21.1%) $546,628 (21.1%) 0.00 224
2021-01-01 $450,000 (28.8%) $588,905 (30.2%) 0.00 189
2021-02-01 $464,950 (29.5%) $604,218 (29.3%) 0.00 150
2021-03-01 $474,950 (26.8%) $574,820 (23.4%) 0.00 146
2021-04-01 $469,450 (30.6%) $556,702 (24.0%) 0.00 170
2021-05-01 $440,000 (22.6%) $534,943 (16.5%) 0.00 205
2021-06-01 $450,000 (17.7%) $541,990 (13.5%) 0.00 220
2021-07-01 $450,000 (17.6%) $548,532 (12.8%) 0.00 234
2021-08-01 $430,000 (1.3%) $524,351 (2.4%) 0.00 257
2021-09-01 $432,000 (6.7%) $522,137 (-12.0%) 0.00 275
2021-10-01 $427,000 (6.8%) $528,491 (-10.2%) 0.00 293
2021-11-01 $450,000 (8.4%) $560,470 (4.2%) 0.00 264
2021-12-01 $479,800 (12.4%) $586,712 (7.3%) 0.00 209
2022-01-01 $489,500 (8.8%) $619,837 (5.3%) 0.00 141
2022-02-01 $487,250 (4.8%) $628,239 (4.0%) 0.00 123
2022-03-01 $499,500 (5.2%) $615,692 (7.1%) 0.00 155
2022-04-01 $495,000 (5.4%) $609,890 (9.6%) 0.00 181
2022-05-01 $482,000 (9.6%) $1,694,818 (216.8%) 0.00 252
2022-06-01 $469,975 (4.4%) $576,702 (6.4%) 0.00 307
Sonora's median listing price for 2022-06-01 was $469,975, a difference of $19,975 (4.4%) versus the prior year and $-12,025 versus the prior month.

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

Sonora's average listing price for 2022-06-01 was $576,702, a difference of $34,712 (6.4%) versus the prior year and $-1,118,116 versus the prior month.

For the 2022-06-01 period, Sonora had 307 MLS listings, a difference of 55 listings (22%) versus the prior month and 87 listings (40%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sonora (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,748 sqft
2018-02-01 0 days 1,764 sqft
2018-03-01 0 days 1,782 sqft
2018-04-01 0 days 1,830 sqft
2018-05-01 0 days 1,889 sqft
2018-06-01 0 days 1,944 sqft
2018-07-01 0 days 1,860 sqft
2018-08-01 0 days 1,806 sqft
2018-09-01 0 days 1,801 sqft
2018-10-01 0 days 1,780 sqft
2018-11-01 0 days 1,800 sqft
2018-12-01 0 days 1,764 sqft
2019-01-01 0 days 1,814 sqft
2019-02-01 0 days 1,796 sqft
2019-03-01 0 days 1,827 sqft
2019-04-01 0 days 1,874 sqft
2019-05-01 0 days 1,869 sqft
2019-06-01 0 days 1,884 sqft
2019-07-01 0 days 1,834 sqft
2019-08-01 0 days 1,847 sqft
2019-09-01 0 days 1,861 sqft
2019-10-01 0 days 1,873 sqft
2019-11-01 0 days 1,875 sqft
2019-12-01 0 days 1,870 sqft
2020-01-01 0 days 1,856 sqft
2020-02-01 0 days 1,874 sqft
2020-03-01 0 days 1,865 sqft
2020-04-01 0 days 1,853 sqft
2020-05-01 0 days 1,848 sqft
2020-06-01 0 days 1,888 sqft
2020-07-01 0 days 1,860 sqft
2020-08-01 0 days 1,884 sqft
2020-09-01 0 days 1,842 sqft
2020-10-01 0 days 1,830 sqft
2020-11-01 0 days 1,836 sqft
2020-12-01 0 days 1,842 sqft
2021-01-01 0 days 1,892 sqft
2021-02-01 0 days 1,851 sqft
2021-03-01 0 days 1,889 sqft
2021-04-01 0 days 1,946 sqft
2021-05-01 0 days 1,899 sqft
2021-06-01 0 days 1,898 sqft
2021-07-01 0 days 1,835 sqft
2021-08-01 0 days 1,776 sqft
2021-09-01 0 days 1,781 sqft
2021-10-01 0 days 1,758 sqft
2021-11-01 0 days 1,858 sqft
2021-12-01 0 days 1,909 sqft
2022-01-01 0 days 1,922 sqft
2022-02-01 0 days 1,874 sqft
2022-03-01 0 days 1,923 sqft
2022-04-01 0 days 1,844 sqft
2022-05-01 0 days 1,803 sqft
2022-06-01 0 days 1,808 sqft
Sonora's median listing age (time on market) for 2022-06-01 was 0 days.

Sonora's median square footage for active listings during the 2022-06-01 period was 1,808 sqft. One year prior, the average listing was 1,898 sqft.