Vallejo USDA Loans

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 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.