Vallejo USDA Loans

VALLEJO, CA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Vallejo's 4 lenders originated 8 USDA loans during 2021. The total origination value was $2,960,000, with an average USDA loan value of $370,000.

    Vallejo USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Vallejo averaged 5.41% 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 5.1% and one month ago for the week of 2022-04-15, the average rate was 5.19%.

    The average rate one year ago was 2.94%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.06%.

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

    Vallejo 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 Vallejo level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 2.81% $9,528
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.00% $10,757
    DHI MORTGAGE COMPANY, LTD. 1 2.50% $8,130
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.50% $21,259

    The top Vallejo USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 2 USDA loans originated. Their average total fees are $9,528, which is $1,229 lower than the next largest lender, AMERICAN PACIFIC MORTGAGE CORPORATION.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Vallejo (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 $482,494 (13.0%) $571,647 (7.8%) 1.78 427
    2018-02-01 $472,450 (10.3%) $590,982 (12.6%) 1.70 423
    2018-03-01 $469,990 (10.6%) $571,153 (9.6%) 1.63 469
    2018-04-01 $482,500 (12.7%) $577,124 (8.8%) 1.62 522
    2018-05-01 $499,000 (13.1%) $611,361 (13.3%) 1.66 595
    2018-06-01 $489,900 (7.7%) $603,433 (7.3%) 1.63 715
    2018-07-01 $486,500 (6.0%) $593,532 (9.4%) 1.62 751
    2018-08-01 $469,800 (3.8%) $554,846 (5.9%) 1.57 842
    2018-09-01 $469,900 (4.5%) $542,757 (0.5%) 1.57 891
    2018-10-01 $459,500 (2.3%) $527,480 (-2.7%) 1.54 928
    2018-11-01 $459,475 (1.7%) $534,052 (-3.5%) 1.54 897
    2018-12-01 $458,000 (-4.4%) $523,784 (-9.8%) 1.57 791
    2019-01-01 $457,000 (-5.3%) $831,640 (45.5%) 1.58 691
    2019-02-01 $461,400 (-2.3%) $522,317 (-11.6%) 1.55 698
    2019-03-01 $472,371 (0.5%) $540,595 (-5.4%) 1.54 702
    2019-04-01 $485,000 (0.5%) $560,092 (-3.0%) 1.53 725
    2019-05-01 $484,750 (-2.9%) $561,558 (-8.2%) 1.49 785
    2019-06-01 $499,800 (2.0%) $583,798 (-3.3%) 1.54 810
    2019-07-01 $498,750 (2.5%) $580,579 (-2.2%) 1.55 828
    2019-08-01 $494,857 (5.3%) $571,962 (3.1%) 1.56 782
    2019-09-01 $490,607 (4.4%) $560,480 (3.3%) 1.56 749
    2019-10-01 $487,000 (6.0%) $553,649 (5.0%) 1.55 802
    2019-11-01 $479,000 (4.3%) $543,678 (1.8%) 1.55 688
    2019-12-01 $474,950 (3.7%) $556,849 (6.3%) 1.58 555
    2020-01-01 $462,475 (1.2%) $554,586 (-33.3%) 1.54 492
    2020-02-01 $465,000 (0.8%) $568,648 (8.9%) 1.50 462
    2020-03-01 $486,500 (3.0%) $574,664 (6.3%) 1.52 479
    2020-04-01 $495,500 (2.2%) $580,785 (3.7%) 1.54 537
    2020-05-01 $495,000 (2.1%) $583,461 (3.9%) 1.50 563
    2020-06-01 $499,450 (-0.1%) $599,093 (2.6%) 1.46 461
    2020-07-01 $513,750 (3.0%) $632,757 (9.0%) 1.47 415
    2020-08-01 $505,000 (2.1%) $620,493 (8.5%) 1.44 382
    2020-09-01 $489,000 (-0.3%) $594,849 (6.1%) 1.40 355
    2020-10-01 $498,000 (2.3%) $618,522 (11.7%) 1.42 349
    2020-11-01 $513,500 (7.2%) $624,211 (14.8%) 1.47 311
    2020-12-01 $497,000 (4.6%) $605,501 (8.7%) 1.46 245
    2021-01-01 $515,000 (11.4%) $641,175 (15.6%) 1.52 218
    2021-02-01 $500,000 (7.5%) $638,886 (12.4%) 1.44 202
    2021-03-01 $526,975 (8.3%) $661,405 (15.1%) 1.48 189
    2021-04-01 $538,000 (8.6%) $658,741 (13.4%) 1.45 220
    2021-05-01 $549,900 (11.1%) $648,716 (11.2%) 1.45 243
    2021-06-01 $577,000 (15.5%) $669,574 (11.8%) 1.50 295
    2021-07-01 $589,450 (14.7%) $682,493 (7.9%) 1.53 309
    2021-08-01 $580,975 (15.0%) $668,864 (7.8%) 1.53 375
    2021-09-01 $599,450 (22.6%) $661,883 (11.3%) 1.58 410
    2021-10-01 $599,000 (20.3%) $658,402 (6.5%) 1.58 422
    2021-11-01 $599,000 (16.7%) $667,965 (7.0%) 1.58 362
    2021-12-01 $585,000 (17.7%) $655,802 (8.3%) 1.56 273
    2022-01-01 $584,000 (13.4%) $666,402 (3.9%) 1.56 203
    2022-02-01 $593,500 (18.7%) $679,578 (6.4%) 1.51 200
    2022-03-01 $612,200 (16.2%) $708,807 (7.2%) 1.51 252
    2022-04-01 $635,000 (18.0%) $718,432 (9.1%) 1.49 294
    Vallejo's median listing price for 2022-04-01 was $635,000, a difference of $97,000 (18.0%) versus the prior year and $22,800 versus the prior month.

    Vallejo's median listing price comes in at 149% of the national average.

    Vallejo's average listing price for 2022-04-01 was $718,432, a difference of $59,691 (9.1%) versus the prior year and $9,625 versus the prior month.

    For the 2022-04-01 period, Vallejo had 294 MLS listings, a difference of 42 listings (17%) versus the prior month and 74 listings (34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Vallejo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 37 days 1,906 sqft
    2018-02-01 28 days 1,851 sqft
    2018-03-01 23 days 1,802 sqft
    2018-04-01 23 days 1,794 sqft
    2018-05-01 24 days 1,871 sqft
    2018-06-01 23 days 1,864 sqft
    2018-07-01 31 days 1,854 sqft
    2018-08-01 35 days 1,802 sqft
    2018-09-01 38 days 1,783 sqft
    2018-10-01 37 days 1,711 sqft
    2018-11-01 43 days 1,716 sqft
    2018-12-01 53 days 1,696 sqft
    2019-01-01 56 days 1,696 sqft
    2019-02-01 34 days 1,747 sqft
    2019-03-01 36 days 1,777 sqft
    2019-04-01 29 days 1,796 sqft
    2019-05-01 28 days 1,789 sqft
    2019-06-01 33 days 1,863 sqft
    2019-07-01 31 days 1,862 sqft
    2019-08-01 36 days 1,848 sqft
    2019-09-01 42 days 1,845 sqft
    2019-10-01 41 days 1,837 sqft
    2019-11-01 43 days 1,818 sqft
    2019-12-01 49 days 1,794 sqft
    2020-01-01 53 days 1,765 sqft
    2020-02-01 31 days 1,784 sqft
    2020-03-01 28 days 1,785 sqft
    2020-04-01 37 days 1,811 sqft
    2020-05-01 35 days 1,797 sqft
    2020-06-01 33 days 1,791 sqft
    2020-07-01 29 days 1,764 sqft
    2020-08-01 27 days 1,743 sqft
    2020-09-01 23 days 1,727 sqft
    2020-10-01 29 days 1,746 sqft
    2020-11-01 33 days 1,805 sqft
    2020-12-01 35 days 1,688 sqft
    2021-01-01 33 days 1,761 sqft
    2021-02-01 18 days 1,699 sqft
    2021-03-01 20 days 1,688 sqft
    2021-04-01 20 days 1,736 sqft
    2021-05-01 18 days 1,744 sqft
    2021-06-01 16 days 1,787 sqft
    2021-07-01 21 days 1,825 sqft
    2021-08-01 21 days 1,689 sqft
    2021-09-01 24 days 1,774 sqft
    2021-10-01 24 days 1,799 sqft
    2021-11-01 31 days 1,778 sqft
    2021-12-01 37 days 1,699 sqft
    2022-01-01 34 days 1,697 sqft
    2022-02-01 20 days 1,715 sqft
    2022-03-01 20 days 1,767 sqft
    2022-04-01 18 days 1,782 sqft
    Vallejo's median listing age (time on market) for 2022-04-01 was 18 days. This is -8% shorter than the same period one year ago.

    Vallejo's median square footage for active listings during the 2022-04-01 period was 1,782 sqft. One year prior, the average listing was 1,736 sqft.