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%.

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 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. Louis
Date 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 for 2022-04-01 was $599,000, a difference of $108,756 (22.2%) versus the prior year and $4,556 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-04-01 was 24 days. This is -2% shorter than the same period one year ago.

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.