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 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 -0.02% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

Sonora's average USDA mortgage closing costs are $6,867.

The average rate for the prior week (2022-11-18) was 6.53% and one month ago for the week of 2022-10-21, the average rate was 6.84%.

The average rate one year ago was 3.18%.

For refis of the same type during the week of 2022-11-25, the average rate was -0.41%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 $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 $333,693 (2.7%) $410,123 (2.7%) 0.00 348
2019-04-01 $339,475 (-1.4%) $416,794 (-0.5%) 0.00 397
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 $346,636 (-0.5%) $416,176 (-1.4%) 0.00 630
2019-09-01 $342,341 (1.0%) $415,656 (0.1%) 0.00 625
2019-10-01 $342,477 (1.6%) $415,234 (2.0%) 0.00 611
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 (1.6%) $422,910 (3.1%) 0.00 366
2020-04-01 $335,675 (-1.1%) $420,328 (0.9%) 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 (9.9%) $463,551 (11.4%) 0.00 252
2020-09-01 $378,750 (10.6%) $546,723 (31.5%) 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 $479,750 (7.0%) $1,262,527 (141.9%) 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
Sonora's median listing price for 2022-10-01 was $449,000, a difference of $16,500 (3.8%) versus the prior year and $2,000 versus the prior month.

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

Sonora's average listing price for 2022-10-01 was $533,600, a difference of $-1,689 (-0.3%) versus the prior year and $2,551 versus the prior month.

For the 2022-10-01 period, Sonora had 313 MLS listings, a difference of -5 listings (-2%) versus the prior month and 54 listings (21%) 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 1,790 sqft
2019-04-01 0 days 1,815 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 1,809 sqft
2019-09-01 0 days 1,817 sqft
2019-10-01 0 days 1,826 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 1,836 sqft
2022-05-01 0 days 1,778 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
Sonora's median listing age (time on market) for 2022-10-01 was 0 days.

Sonora's median square footage for active listings during the 2022-10-01 period was 1,734 sqft. One year prior, the average listing was 1,732 sqft.