Stockton USDA Loans

STOCKTON, CA

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    • 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 6.1% for the week of 2022-09-23, compared to the national average (all USDA variants) of 6.08% for the same period.

    The average rate for the prior week (2022-09-16) was 6.13% and one month ago for the week of 2022-08-19, the average rate was 5.62%.

    The average rate one year ago was 3.05%.

    For refis of the same type during the week of 2022-09-23, the average rate was 5.86%.

    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
    2022-05-01 $627,450 (26.8%) $720,815 (16.4%) 1.40 786
    2022-06-01 $629,950 (20.7%) $705,906 (11.2%) 1.40 1,017
    2022-07-01 $599,999 (11.1%) $678,480 (6.4%) 1.34 1,311
    2022-08-01 $594,500 (10.6%) $659,196 (2.4%) 1.37 1,314
    Stockton's median listing price for 2022-08-01 was $594,500, a difference of $57,000 (10.6%) versus the prior year and $-5,499 versus the prior month.

    Stockton's median listing price comes in at 137% of the national average.

    Stockton's average listing price for 2022-08-01 was $659,196, a difference of $15,201 (2.4%) versus the prior year and $-19,284 versus the prior month.

    For the 2022-08-01 period, Stockton had 1,314 MLS listings, a difference of 3 listings (0%) versus the prior month and 540 listings (70%) 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
    2022-05-01 22 days 1,915 sqft
    2022-06-01 26 days 1,926 sqft
    2022-07-01 29 days 1,898 sqft
    2022-08-01 37 days 1,906 sqft
    Stockton's median listing age (time on market) for 2022-08-01 was 37 days. This is 40% longer than the same period one year ago.

    Stockton's median square footage for active listings during the 2022-08-01 period was 1,906 sqft. One year prior, the average listing was 1,851 sqft.