Stockton USDA Loans
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
5.34%
for the week of 2022-05-20, compared to the national average (all USDA variants) of
5.315% for the same period.
The average rate for the prior week (2022-05-13) was
5.32% and
one month ago for the week of 2022-04-15, the
average rate was 5.02%.
The average rate one year ago was 2.97%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5%.
Stockton 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 Stockton level.
Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
---|---|---|---|
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $387,450 (13.1%) | $468,681 (10.7%) | 1.43 | 896 |
2018-02-01 | $379,900 (8.7%) | $468,995 (11.4%) | 1.37 | 892 |
2018-03-01 | $377,000 (7.9%) | $461,139 (9.8%) | 1.30 | 894 |
2018-04-01 | $389,500 (8.2%) | $471,028 (8.3%) | 1.31 | 996 |
2018-05-01 | $385,000 (3.4%) | $475,235 (7.5%) | 1.28 | 1,137 |
2018-06-01 | $394,900 (4.0%) | $482,287 (9.3%) | 1.32 | 1,277 |
2018-07-01 | $397,000 (3.1%) | $473,618 (6.2%) | 1.32 | 1,345 |
2018-08-01 | $395,000 (1.5%) | $465,885 (3.1%) | 1.32 | 1,512 |
2018-09-01 | $395,000 (4.0%) | $465,130 (3.4%) | 1.32 | 1,648 |
2018-10-01 | $394,000 (3.7%) | $461,161 (1.8%) | 1.32 | 1,690 |
2018-11-01 | $396,750 (4.4%) | $549,035 (18.9%) | 1.33 | 1,690 |
2018-12-01 | $399,000 (3.6%) | $460,544 (-1.5%) | 1.37 | 1,524 |
2019-01-01 | $395,000 (2.0%) | $452,087 (-3.5%) | 1.36 | 1,334 |
2019-02-01 | $389,750 (2.6%) | $449,952 (-4.1%) | 1.31 | 1,283 |
2019-03-01 | $409,571 (8.6%) | $471,650 (2.3%) | 1.33 | 1,270 |
2019-04-01 | $425,000 (9.1%) | $484,404 (2.8%) | 1.34 | 1,286 |
2019-05-01 | $425,000 (10.4%) | $494,114 (4.0%) | 1.31 | 1,445 |
2019-06-01 | $430,000 (8.9%) | $501,482 (4.0%) | 1.32 | 1,559 |
2019-07-01 | $437,450 (10.2%) | $745,520 (57.4%) | 1.36 | 1,620 |
2019-08-01 | $435,614 (10.3%) | $908,247 (95.0%) | 1.37 | 1,558 |
2019-09-01 | $429,450 (8.7%) | $495,525 (6.5%) | 1.36 | 1,566 |
2019-10-01 | $434,950 (10.4%) | $499,086 (8.2%) | 1.39 | 1,654 |
2019-11-01 | $440,000 (10.9%) | $499,202 (-9.1%) | 1.42 | 1,524 |
2019-12-01 | $443,450 (11.1%) | $506,216 (9.9%) | 1.48 | 1,230 |
2020-01-01 | $432,750 (9.6%) | $511,329 (13.1%) | 1.44 | 1,053 |
2020-02-01 | $449,990 (15.5%) | $533,679 (18.6%) | 1.45 | 981 |
2020-03-01 | $442,475 (8.0%) | $520,924 (10.5%) | 1.38 | 972 |
2020-04-01 | $439,900 (3.5%) | $515,410 (6.4%) | 1.37 | 1,056 |
2020-05-01 | $439,995 (3.5%) | $532,882 (7.9%) | 1.33 | 1,045 |
2020-06-01 | $459,000 (6.7%) | $560,691 (11.8%) | 1.34 | 857 |
2020-07-01 | $459,900 (5.1%) | $588,103 (-21.1%) | 1.32 | 706 |
2020-08-01 | $450,000 (3.3%) | $565,700 (-37.7%) | 1.29 | 621 |
2020-09-01 | $467,425 (8.8%) | $591,802 (19.4%) | 1.34 | 611 |
2020-10-01 | $450,000 (3.5%) | $571,447 (14.5%) | 1.29 | 597 |
2020-11-01 | $457,500 (4.0%) | $590,754 (18.3%) | 1.31 | 531 |
2020-12-01 | $461,750 (4.1%) | $595,847 (17.7%) | 1.35 | 421 |
2021-01-01 | $460,000 (6.3%) | $631,902 (23.6%) | 1.35 | 341 |
2021-02-01 | $459,000 (2.0%) | $619,568 (16.1%) | 1.32 | 322 |
2021-03-01 | $454,950 (2.8%) | $594,776 (14.2%) | 1.28 | 378 |
2021-04-01 | $490,244 (11.4%) | $621,079 (20.5%) | 1.32 | 398 |
2021-05-01 | $495,000 (12.5%) | $619,205 (16.2%) | 1.30 | 431 |
2021-06-01 | $522,000 (13.7%) | $634,923 (13.2%) | 1.36 | 550 |
2021-07-01 | $540,000 (17.4%) | $637,900 (8.5%) | 1.40 | 653 |
2021-08-01 | $537,500 (19.4%) | $643,995 (13.8%) | 1.41 | 774 |
2021-09-01 | $542,000 (16.0%) | $638,894 (8.0%) | 1.43 | 814 |
2021-10-01 | $535,990 (19.1%) | $627,247 (9.8%) | 1.41 | 799 |
2021-11-01 | $530,000 (15.9%) | $622,394 (5.4%) | 1.40 | 634 |
2021-12-01 | $539,950 (16.9%) | $641,007 (7.6%) | 1.44 | 478 |
2022-01-01 | $543,835 (18.2%) | $649,407 (2.8%) | 1.45 | 370 |
2022-02-01 | $562,500 (22.6%) | $685,202 (10.6%) | 1.43 | 375 |
2022-03-01 | $594,444 (30.7%) | $722,848 (21.5%) | 1.47 | 425 |
2022-04-01 | $599,000 (22.2%) | $727,050 (17.1%) | 1.41 | 542 |
Stockton's median listing price comes in at 141% of the national average.
Stockton's average listing price for 2022-04-01 was $727,050, a difference of $105,971 (17.1%) versus the prior year and $4,202 versus the prior month.
For the 2022-04-01 period, Stockton had 542 MLS listings, a difference of 117 listings (28%) versus the prior month and 144 listings (36%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Stockton (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 53 days | 1,916 sqft |
2018-02-01 | 38 days | 1,850 sqft |
2018-03-01 | 33 days | 1,795 sqft |
2018-04-01 | 31 days | 1,808 sqft |
2018-05-01 | 29 days | 1,811 sqft |
2018-06-01 | 35 days | 1,849 sqft |
2018-07-01 | 36 days | 1,835 sqft |
2018-08-01 | 36 days | 1,800 sqft |
2018-09-01 | 36 days | 1,830 sqft |
2018-10-01 | 43 days | 1,831 sqft |
2018-11-01 | 45 days | 1,819 sqft |
2018-12-01 | 53 days | 1,818 sqft |
2019-01-01 | 61 days | 1,811 sqft |
2019-02-01 | 47 days | 1,820 sqft |
2019-03-01 | 41 days | 1,867 sqft |
2019-04-01 | 35 days | 1,915 sqft |
2019-05-01 | 35 days | 1,974 sqft |
2019-06-01 | 36 days | 1,954 sqft |
2019-07-01 | 41 days | 1,962 sqft |
2019-08-01 | 44 days | 1,947 sqft |
2019-09-01 | 43 days | 1,916 sqft |
2019-10-01 | 39 days | 1,921 sqft |
2019-11-01 | 44 days | 1,948 sqft |
2019-12-01 | 56 days | 1,941 sqft |
2020-01-01 | 60 days | 1,901 sqft |
2020-02-01 | 32 days | 1,981 sqft |
2020-03-01 | 35 days | 1,937 sqft |
2020-04-01 | 39 days | 1,888 sqft |
2020-05-01 | 47 days | 1,919 sqft |
2020-06-01 | 44 days | 1,959 sqft |
2020-07-01 | 40 days | 1,947 sqft |
2020-08-01 | 39 days | 1,900 sqft |
2020-09-01 | 35 days | 1,906 sqft |
2020-10-01 | 34 days | 1,859 sqft |
2020-11-01 | 38 days | 1,838 sqft |
2020-12-01 | 46 days | 1,800 sqft |
2021-01-01 | 44 days | 1,796 sqft |
2021-02-01 | 31 days | 1,699 sqft |
2021-03-01 | 28 days | 1,662 sqft |
2021-04-01 | 25 days | 1,723 sqft |
2021-05-01 | 25 days | 1,751 sqft |
2021-06-01 | 22 days | 1,827 sqft |
2021-07-01 | 24 days | 1,815 sqft |
2021-08-01 | 26 days | 1,851 sqft |
2021-09-01 | 29 days | 1,831 sqft |
2021-10-01 | 34 days | 1,830 sqft |
2021-11-01 | 39 days | 1,821 sqft |
2021-12-01 | 45 days | 1,800 sqft |
2022-01-01 | 39 days | 1,750 sqft |
2022-02-01 | 28 days | 1,746 sqft |
2022-03-01 | 27 days | 1,822 sqft |
2022-04-01 | 24 days | 1,885 sqft |
Stockton's median square footage for active listings during the 2022-04-01 period was 1,885 sqft. One year prior, the average listing was 1,723 sqft.