Vallejo USDA Loan Rates, Closing Costs & Stats

VALLEJO, 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.

    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.