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%.
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 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 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.