Vallejo USDA Loan Rates, Closing Costs & Stats

VALLEJO, 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.

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 6.09% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

Vallejo's average USDA mortgage closing costs are $9,793.

The average rate for the prior week (2023-01-20) was 6.18% and one month ago for the week of 2022-12-23, the average rate was 6.41%.

The average rate one year ago was 3.96%.

For refis of the same type during the week of 2023-01-27, the average rate was 6.14%.

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/closing costs 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. Closing Costs
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 $484,600 (13.4%) $579,539 (11.0%) 1.80 396
2018-02-01 $474,000 (10.2%) $602,488 (14.9%) 1.72 404
2018-03-01 $470,000 (10.2%) $583,283 (13.2%) 1.65 443
2018-04-01 $483,125 (11.1%) $586,330 (12.2%) 1.64 490
2018-05-01 $499,000 (13.1%) $623,039 (17.1%) 1.67 557
2018-06-01 $489,900 (7.5%) $611,163 (10.7%) 1.63 663
2018-07-01 $487,000 (6.1%) $594,288 (11.2%) 1.63 685
2018-08-01 $469,425 (2.6%) $557,002 (6.6%) 1.57 771
2018-09-01 $469,000 (4.2%) $543,624 (0.1%) 1.57 816
2018-10-01 $459,450 (2.4%) $526,057 (-3.6%) 1.55 845
2018-11-01 $455,050 (0.6%) $530,472 (-5.1%) 1.54 806
2018-12-01 $455,000 (-5.2%) $523,771 (-10.4%) 1.57 709
2019-01-01 $456,250 (-5.9%) $696,476 (20.2%) 1.57 628
2019-02-01 $459,500 (-3.1%) $524,618 (-12.9%) 1.55 635
2019-03-01 $470,714 (0.2%) $540,484 (-7.3%) 1.54 644
2019-04-01 $485,000 (0.4%) $557,960 (-4.8%) 1.54 667
2019-05-01 $487,919 (-2.2%) $566,121 (-9.1%) 1.53 733
2019-06-01 $499,900 (2.0%) $586,134 (-4.1%) 1.56 766
2019-07-01 $499,000 (2.5%) $584,585 (-1.6%) 1.56 777
2019-08-01 $496,941 (5.9%) $580,896 (4.3%) 1.57 769
2019-09-01 $493,852 (5.3%) $569,180 (4.7%) 1.58 763
2019-10-01 $491,793 (7.0%) $561,369 (6.7%) 1.59 749
2019-11-01 $479,000 (5.3%) $554,684 (4.6%) 1.57 658
2019-12-01 $476,225 (4.7%) $568,552 (8.6%) 1.59 518
2020-01-01 $465,000 (1.9%) $572,311 (-17.8%) 1.55 471
2020-02-01 $485,000 (5.6%) $582,887 (11.1%) 1.59 440
2020-03-01 $488,000 (3.7%) $581,747 (7.6%) 1.53 467
2020-04-01 $499,000 (2.9%) $570,498 (2.3%) 1.56 508
2020-05-01 $495,500 (1.6%) $574,475 (1.5%) 1.51 531
2020-06-01 $501,916 (0.4%) $589,821 (0.6%) 1.48 439
2020-07-01 $505,750 (1.4%) $593,198 (1.5%) 1.47 396
2020-08-01 $510,000 (2.6%) $591,793 (1.9%) 1.46 355
2020-09-01 $489,688 (-0.8%) $575,264 (1.1%) 1.40 332
2020-10-01 $499,000 (1.5%) $596,939 (6.3%) 1.43 334
2020-11-01 $512,500 (7.0%) $605,401 (9.1%) 1.50 294
2020-12-01 $498,875 (4.8%) $609,717 (7.2%) 1.48 240
2021-01-01 $514,900 (10.7%) $625,935 (9.4%) 1.54 211
2021-02-01 $499,725 (3.0%) $603,895 (3.6%) 1.45 207
2021-03-01 $521,950 (7.0%) $633,214 (8.9%) 1.48 203
2021-04-01 $538,094 (7.8%) $659,013 (15.5%) 1.46 228
2021-05-01 $549,900 (11.0%) $648,498 (12.9%) 1.45 257
2021-06-01 $577,000 (15.0%) $669,722 (13.6%) 1.52 307
2021-07-01 $585,000 (15.7%) $681,245 (14.8%) 1.54 336
2021-08-01 $582,000 (14.1%) $668,777 (13.0%) 1.55 391
2021-09-01 $599,450 (22.4%) $667,102 (16.0%) 1.60 424
2021-10-01 $599,000 (20.0%) $663,307 (11.1%) 1.60 432
2021-11-01 $599,000 (16.9%) $675,072 (11.5%) 1.60 376
2021-12-01 $589,200 (18.1%) $665,028 (9.1%) 1.60 288
2022-01-01 $584,500 (13.5%) $675,217 (7.9%) 1.58 213
2022-02-01 $592,500 (18.6%) $681,193 (12.8%) 1.54 210
2022-03-01 $610,000 (16.9%) $714,084 (12.8%) 1.53 263
2022-04-01 $638,500 (18.7%) $723,003 (9.7%) 1.52 306
2022-05-01 $629,000 (14.4%) $705,919 (8.9%) 1.44 436
2022-06-01 $619,500 (7.4%) $689,353 (2.9%) 1.38 612
2022-07-01 $615,000 (5.1%) $685,809 (0.7%) 1.39 730
2022-08-01 $625,000 (7.4%) $699,582 (4.6%) 1.44 830
2022-09-01 $623,450 (4.0%) $701,454 (5.2%) 1.46 787
2022-10-01 $606,781 (1.3%) $697,900 (5.2%) 1.43 791
2022-11-01 $599,350 (0.1%) $696,241 (3.1%) 1.44 750
2022-12-01 $599,500 (1.8%) $690,500 (3.8%) 1.50 581
Vallejo's median listing price for 2022-12-01 was $599,500, a difference of $10,300 (1.8%) versus the prior year and $150 versus the prior month.

Vallejo's median listing price comes in at 150% of the national average.

Vallejo's average listing price for 2022-12-01 was $690,500, a difference of $25,472 (3.8%) versus the prior year and $-5,741 versus the prior month.

For the 2022-12-01 period, Vallejo had 581 MLS listings, a difference of -169 listings (-23%) versus the prior month and 293 listings (102%) 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 38 days 1,908 sqft
2018-02-01 26 days 1,857 sqft
2018-03-01 24 days 1,823 sqft
2018-04-01 23 days 1,812 sqft
2018-05-01 24 days 1,880 sqft
2018-06-01 23 days 1,864 sqft
2018-07-01 30 days 1,852 sqft
2018-08-01 35 days 1,800 sqft
2018-09-01 38 days 1,799 sqft
2018-10-01 38 days 1,705 sqft
2018-11-01 44 days 1,699 sqft
2018-12-01 54 days 1,691 sqft
2019-01-01 55 days 1,688 sqft
2019-02-01 34 days 1,747 sqft
2019-03-01 32 days 1,773 sqft
2019-04-01 28 days 1,790 sqft
2019-05-01 28 days 1,790 sqft
2019-06-01 32 days 1,874 sqft
2019-07-01 32 days 1,868 sqft
2019-08-01 36 days 1,851 sqft
2019-09-01 41 days 1,838 sqft
2019-10-01 44 days 1,832 sqft
2019-11-01 51 days 1,784 sqft
2019-12-01 61 days 1,784 sqft
2020-01-01 62 days 1,763 sqft
2020-02-01 43 days 1,797 sqft
2020-03-01 36 days 1,795 sqft
2020-04-01 44 days 1,823 sqft
2020-05-01 45 days 1,820 sqft
2020-06-01 50 days 1,809 sqft
2020-07-01 40 days 1,760 sqft
2020-08-01 44 days 1,757 sqft
2020-09-01 32 days 1,739 sqft
2020-10-01 30 days 1,740 sqft
2020-11-01 32 days 1,792 sqft
2020-12-01 36 days 1,713 sqft
2021-01-01 38 days 1,745 sqft
2021-02-01 25 days 1,696 sqft
2021-03-01 26 days 1,686 sqft
2021-04-01 25 days 1,738 sqft
2021-05-01 23 days 1,745 sqft
2021-06-01 23 days 1,770 sqft
2021-07-01 27 days 1,809 sqft
2021-08-01 27 days 1,692 sqft
2021-09-01 29 days 1,765 sqft
2021-10-01 31 days 1,778 sqft
2021-11-01 37 days 1,768 sqft
2021-12-01 42 days 1,704 sqft
2022-01-01 38 days 1,713 sqft
2022-02-01 22 days 1,715 sqft
2022-03-01 23 days 1,766 sqft
2022-04-01 25 days 1,787 sqft
2022-05-01 26 days 1,775 sqft
2022-06-01 29 days 1,753 sqft
2022-07-01 34 days 1,746 sqft
2022-08-01 37 days 1,772 sqft
2022-09-01 47 days 1,771 sqft
2022-10-01 52 days 1,767 sqft
2022-11-01 52 days 1,772 sqft
2022-12-01 67 days 1,787 sqft
Vallejo's median listing age (time on market) for 2022-12-01 was 67 days. This is 61% longer than the same period one year ago.

Vallejo's median square footage for active listings during the 2022-12-01 period was 1,787 sqft. One year prior, the average listing was 1,704 sqft.