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%.
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. LouisDate | 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 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. LouisDate | 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 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.