Sonora USDA Loan Rates, Closing Costs & Stats

Sonora, CA

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    • 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%.

    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/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. Louis
    Date 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 for 2023-04-01 was $464,450, a difference of $-27,050 (-5.5%) versus the prior year and $9,500 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2023-04-01 was 0 days.

    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.