Stockton USDA Loan Rates, Closing Costs & Stats

STOCKTON, 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.

Stockton's 7 lenders originated 19 USDA loans during 2021. The total origination value was $8,475,000, with an average USDA loan value of $446,053.

Stockton USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Stockton averaged -0.08% for the week of 2023-01-20, compared to the national average (all USDA variants) of 0% for the same period.

Stockton's average USDA mortgage closing costs are $9,557.

The average rate for the prior week (2023-01-13) was 6.17% and one month ago for the week of 2022-12-16, the average rate was 6.54%.

The average rate one year ago was 3.66%.

For refis of the same type during the week of 2023-01-20, the average rate was -0.22%.

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

Stockton 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 Stockton level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.25% $7,843
Carrington Mortgage Services, LLC 1 2.38% $10,594
CROSSCOUNTRY MORTGAGE, LLC 1 2.25% $15,369
FREEDOM MORTGAGE CORPORATION 1 2.38% $8,246
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.25% $7,552
SUMMIT FUNDING, INC. 1 2.75% $8,468
UNITED WHOLESALE MORTGAGE, LLC 1 2.80% $7,881

The top Stockton USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with 1 USDA loans originated. Their average total fees are $7,843, which is $2,751 lower than the next largest lender, Carrington Mortgage Services, LLC.

The lowest fee Stockton USDA lenders (with over 10 loans originated) are .

The lowest rate Stockton USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Stockton (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 $383,500 (12.1%) $466,243 (8.2%) 1.42 825
2018-02-01 $377,000 (8.0%) $467,496 (9.4%) 1.37 821
2018-03-01 $375,000 (7.7%) $454,806 (6.5%) 1.32 828
2018-04-01 $383,250 (6.5%) $470,046 (8.8%) 1.30 920
2018-05-01 $383,000 (3.0%) $478,855 (7.4%) 1.28 1,039
2018-06-01 $389,900 (2.8%) $482,302 (7.6%) 1.30 1,151
2018-07-01 $389,900 (1.3%) $475,160 (6.0%) 1.30 1,216
2018-08-01 $385,500 (1.5%) $464,159 (3.8%) 1.29 1,371
2018-09-01 $385,000 (1.6%) $464,069 (4.0%) 1.29 1,475
2018-10-01 $385,125 (2.7%) $460,912 (3.3%) 1.30 1,506
2018-11-01 $386,425 (2.9%) $509,344 (12.2%) 1.31 1,504
2018-12-01 $389,000 (2.4%) $461,578 (0.7%) 1.34 1,395
2019-01-01 $386,250 (0.7%) $452,564 (-2.9%) 1.33 1,206
2019-02-01 $380,000 (0.8%) $452,218 (-3.3%) 1.28 1,151
2019-03-01 $400,082 (6.7%) $476,973 (4.9%) 1.31 1,141
2019-04-01 $417,000 (8.8%) $488,911 (4.0%) 1.32 1,176
2019-05-01 $419,500 (9.5%) $497,401 (3.9%) 1.31 1,304
2019-06-01 $424,999 (9.0%) $554,533 (15.0%) 1.33 1,404
2019-07-01 $428,598 (9.9%) $873,615 (83.9%) 1.34 1,457
2019-08-01 $426,727 (10.7%) $1,030,299 (122.0%) 1.35 1,442
2019-09-01 $421,818 (9.6%) $782,403 (68.6%) 1.35 1,468
2019-10-01 $419,045 (8.8%) $534,383 (15.9%) 1.35 1,475
2019-11-01 $425,000 (10.0%) $482,239 (-5.3%) 1.39 1,379
2019-12-01 $432,500 (11.2%) $491,247 (6.4%) 1.44 1,132
2020-01-01 $424,963 (10.0%) $494,349 (9.2%) 1.42 982
2020-02-01 $433,495 (14.1%) $504,338 (11.5%) 1.42 894
2020-03-01 $429,000 (7.2%) $500,238 (4.9%) 1.34 906
2020-04-01 $429,225 (2.9%) $502,282 (2.7%) 1.34 976
2020-05-01 $430,000 (2.5%) $509,970 (2.5%) 1.31 965
2020-06-01 $445,000 (4.7%) $532,364 (-4.0%) 1.31 773
2020-07-01 $445,000 (3.8%) $548,361 (-37.2%) 1.29 641
2020-08-01 $449,000 (5.2%) $548,477 (-46.8%) 1.29 567
2020-09-01 $454,675 (7.8%) $567,911 (-27.4%) 1.30 563
2020-10-01 $450,000 (7.4%) $550,017 (2.9%) 1.29 556
2020-11-01 $450,000 (5.9%) $573,895 (19.0%) 1.31 491
2020-12-01 $449,950 (4.0%) $577,704 (17.6%) 1.34 401
2021-01-01 $450,000 (5.9%) $600,684 (21.5%) 1.34 335
2021-02-01 $457,475 (5.5%) $606,225 (20.2%) 1.33 331
2021-03-01 $452,447 (5.5%) $590,086 (18.0%) 1.28 383
2021-04-01 $497,250 (15.9%) $624,645 (24.4%) 1.35 411
2021-05-01 $499,000 (16.1%) $623,102 (22.2%) 1.32 447
2021-06-01 $523,250 (17.6%) $642,779 (20.7%) 1.38 570
2021-07-01 $540,000 (21.4%) $642,733 (17.2%) 1.42 676
2021-08-01 $537,000 (19.6%) $649,917 (18.5%) 1.43 793
2021-09-01 $542,000 (19.2%) $645,773 (13.7%) 1.45 826
2021-10-01 $539,570 (19.9%) $632,949 (15.1%) 1.44 817
2021-11-01 $538,643 (19.7%) $631,937 (10.1%) 1.44 649
2021-12-01 $541,184 (20.3%) $648,480 (12.3%) 1.47 492
2022-01-01 $548,625 (21.9%) $660,185 (9.9%) 1.48 384
2022-02-01 $565,000 (23.5%) $700,275 (15.5%) 1.47 396
2022-03-01 $595,000 (31.5%) $738,939 (25.2%) 1.49 448
2022-04-01 $600,000 (20.7%) $741,001 (18.6%) 1.43 560
2022-05-01 $627,000 (25.7%) $733,126 (17.7%) 1.43 799
2022-06-01 $629,995 (20.4%) $717,720 (11.7%) 1.40 1,032
2022-07-01 $600,000 (11.1%) $682,681 (6.2%) 1.36 1,322
2022-08-01 $594,500 (10.7%) $664,127 (2.2%) 1.37 1,334
2022-09-01 $581,725 (7.3%) $659,217 (2.1%) 1.36 1,238
2022-10-01 $559,975 (3.8%) $640,489 (1.2%) 1.32 1,240
2022-11-01 $550,000 (2.1%) $635,570 (0.6%) 1.32 1,139
2022-12-01 $540,000 (-0.2%) $628,410 (-3.1%) 1.35 963
Stockton's median listing price for 2022-12-01 was $540,000, a difference of $-1,184 (-0.2%) versus the prior year and $-10,000 versus the prior month.

Stockton's median listing price comes in at 135% of the national average.

Stockton's average listing price for 2022-12-01 was $628,410, a difference of $-20,070 (-3.1%) versus the prior year and $-7,160 versus the prior month.

For the 2022-12-01 period, Stockton had 963 MLS listings, a difference of -176 listings (-15%) versus the prior month and 471 listings (96%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Stockton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 54 days 1,891 sqft
2018-02-01 38 days 1,825 sqft
2018-03-01 35 days 1,787 sqft
2018-04-01 31 days 1,797 sqft
2018-05-01 30 days 1,800 sqft
2018-06-01 37 days 1,830 sqft
2018-07-01 38 days 1,819 sqft
2018-08-01 37 days 1,789 sqft
2018-09-01 38 days 1,802 sqft
2018-10-01 44 days 1,809 sqft
2018-11-01 46 days 1,794 sqft
2018-12-01 54 days 1,800 sqft
2019-01-01 64 days 1,786 sqft
2019-02-01 49 days 1,774 sqft
2019-03-01 40 days 1,827 sqft
2019-04-01 37 days 1,873 sqft
2019-05-01 37 days 1,917 sqft
2019-06-01 38 days 1,900 sqft
2019-07-01 44 days 1,926 sqft
2019-08-01 46 days 1,920 sqft
2019-09-01 47 days 1,879 sqft
2019-10-01 48 days 1,851 sqft
2019-11-01 53 days 1,886 sqft
2019-12-01 65 days 1,888 sqft
2020-01-01 69 days 1,854 sqft
2020-02-01 56 days 1,887 sqft
2020-03-01 43 days 1,874 sqft
2020-04-01 46 days 1,866 sqft
2020-05-01 58 days 1,896 sqft
2020-06-01 60 days 1,917 sqft
2020-07-01 61 days 1,897 sqft
2020-08-01 41 days 1,896 sqft
2020-09-01 36 days 1,886 sqft
2020-10-01 36 days 1,826 sqft
2020-11-01 39 days 1,827 sqft
2020-12-01 46 days 1,777 sqft
2021-01-01 45 days 1,773 sqft
2021-02-01 30 days 1,700 sqft
2021-03-01 27 days 1,634 sqft
2021-04-01 24 days 1,725 sqft
2021-05-01 25 days 1,752 sqft
2021-06-01 21 days 1,828 sqft
2021-07-01 25 days 1,826 sqft
2021-08-01 25 days 1,839 sqft
2021-09-01 30 days 1,837 sqft
2021-10-01 33 days 1,836 sqft
2021-11-01 40 days 1,824 sqft
2021-12-01 45 days 1,800 sqft
2022-01-01 40 days 1,758 sqft
2022-02-01 28 days 1,736 sqft
2022-03-01 25 days 1,816 sqft
2022-04-01 24 days 1,887 sqft
2022-05-01 24 days 1,904 sqft
2022-06-01 27 days 1,923 sqft
2022-07-01 31 days 1,893 sqft
2022-08-01 38 days 1,900 sqft
2022-09-01 46 days 1,896 sqft
2022-10-01 49 days 1,870 sqft
2022-11-01 51 days 1,875 sqft
2022-12-01 62 days 1,850 sqft
Stockton's median listing age (time on market) for 2022-12-01 was 62 days. This is 38% longer than the same period one year ago.

Stockton's median square footage for active listings during the 2022-12-01 period was 1,850 sqft. One year prior, the average listing was 1,800 sqft.