Visalia USDA Loan Rates, Closing Costs & Stats

VISALIA, 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.

Visalia's 10 lenders originated 26 USDA loans during 2022. The total origination value was $7,700,000, with an average USDA loan value of $296,154.

Visalia USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Visalia averaged -0.54% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

Visalia's average USDA mortgage closing costs are $7,383.

The average rate for the prior week (2023-11-17) was 6.95% and one month ago for the week of 2023-10-20, the average rate was 7.17%.

The average rate one year ago was 6.41%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.54%.

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

Visalia 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 Visalia level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
KINGS MORTGAGE SERVICES, INC. 7 4.20% $12,784
COUNTRY CLUB MORTGAGE, INC. 5 3.90% $9,177
UNITED WHOLESALE MORTGAGE, LLC 4 5.06% $9,725
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 4.81% $12,777
AMERICAN PACIFIC MORTGAGE CORPORATION 2 3.94% $7,735
BROKER SOLUTIONS, INC. 1 4.99% $6,425
GUILD MORTGAGE COMPANY 1 4.75% $11,109
Sierra Pacific Mortgage Company, Inc. 1 2.25% $8,997
PENNYMAC LOAN SERVICES, LLC 1 2.88% $9,904
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.50% $14,208

The top Visalia USDA lender as defined by loan originations is KINGS MORTGAGE SERVICES, INC., with 7 USDA loans originated. Their average total fees are $12,784, which is $3,607 higher than the next largest lender, COUNTRY CLUB MORTGAGE, INC..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Visalia (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 $242,450 (-1.0%) $314,823 (-1.4%) 0.90 861
2018-02-01 $249,971 (0.2%) $314,519 (-2.2%) 0.91 873
2018-03-01 $258,250 (3.3%) $318,986 (-0.7%) 0.91 856
2018-04-01 $267,450 (7.0%) $330,041 (0.8%) 0.91 839
2018-05-01 $269,998 (4.2%) $334,256 (0.9%) 0.90 891
2018-06-01 $269,945 (4.2%) $333,304 (3.0%) 0.90 906
2018-07-01 $270,564 (4.5%) $332,607 (1.8%) 0.90 949
2018-08-01 $264,900 (6.2%) $322,937 (2.1%) 0.89 998
2018-09-01 $265,000 (8.2%) $314,282 (-0.3%) 0.89 1,036
2018-10-01 $268,950 (8.0%) $314,664 (-0.5%) 0.91 1,062
2018-11-01 $265,000 (7.1%) $314,795 (0.5%) 0.90 1,052
2018-12-01 $265,000 (7.8%) $311,743 (-1.5%) 0.91 1,018
2019-01-01 $264,900 (9.3%) $306,783 (-2.6%) 0.92 982
2019-02-01 $269,900 (8.0%) $315,848 (0.4%) 0.91 957
2019-03-01 $271,229 (5.0%) $324,949 (1.9%) 0.89 939
2019-04-01 $272,336 (1.8%) $331,074 (0.3%) 0.86 928
2019-05-01 $274,000 (1.5%) $328,506 (-1.7%) 0.86 926
2019-06-01 $279,900 (3.7%) $344,880 (3.5%) 0.87 890
2019-07-01 $277,000 (2.4%) $347,046 (4.3%) 0.87 913
2019-08-01 $273,291 (3.2%) $355,273 (10.0%) 0.87 911
2019-09-01 $270,877 (2.2%) $371,621 (18.2%) 0.87 885
2019-10-01 $269,000 (0.0%) $361,825 (15.0%) 0.87 864
2019-11-01 $268,270 (1.2%) $345,621 (9.8%) 0.88 852
2019-12-01 $267,225 (0.8%) $336,480 (7.9%) 0.89 788
2020-01-01 $269,900 (1.9%) $338,652 (10.4%) 0.90 729
2020-02-01 $266,000 (-1.4%) $332,766 (5.4%) 0.87 685
2020-03-01 $269,900 (-0.5%) $344,428 (6.0%) 0.85 677
2020-04-01 $272,450 (0.0%) $344,336 (4.0%) 0.85 700
2020-05-01 $274,900 (0.3%) $351,801 (7.1%) 0.84 627
2020-06-01 $278,100 (-0.6%) $452,653 (31.3%) 0.82 517
2020-07-01 $287,000 (3.6%) $453,604 (30.7%) 0.83 446
2020-08-01 $310,000 (13.4%) $489,029 (37.7%) 0.89 420
2020-09-01 $337,050 (24.4%) $466,042 (25.4%) 0.97 419
2020-10-01 $349,900 (30.1%) $462,053 (27.7%) 1.00 419
2020-11-01 $339,000 (26.4%) $466,225 (34.9%) 0.99 401
2020-12-01 $324,013 (21.3%) $450,535 (33.9%) 0.96 369
2021-01-01 $320,000 (18.6%) $463,851 (37.0%) 0.96 320
2021-02-01 $329,000 (23.7%) $477,552 (43.5%) 0.96 286
2021-03-01 $324,925 (20.4%) $468,262 (36.0%) 0.92 278
2021-04-01 $330,475 (21.3%) $486,805 (41.4%) 0.89 275
2021-05-01 $359,000 (30.6%) $508,477 (44.5%) 0.95 264
2021-06-01 $342,950 (23.3%) $509,247 (12.5%) 0.90 299
2021-07-01 $330,000 (15.0%) $490,949 (8.2%) 0.87 331
2021-08-01 $333,750 (7.7%) $486,370 (-0.5%) 0.89 374
2021-09-01 $341,619 (1.4%) $484,483 (4.0%) 0.91 384
2021-10-01 $364,783 (4.3%) $513,888 (11.2%) 0.97 389
2021-11-01 $384,950 (13.6%) $569,679 (22.2%) 1.03 377
2021-12-01 $378,873 (16.9%) $594,009 (31.9%) 1.03 328
2022-01-01 $385,000 (20.3%) $597,943 (28.9%) 1.04 304
2022-02-01 $417,500 (26.9%) $638,929 (33.8%) 1.09 273
2022-03-01 $426,225 (31.2%) $647,020 (38.2%) 1.07 291
2022-04-01 $419,900 (27.1%) $616,341 (26.6%) 1.00 327
2022-05-01 $414,235 (15.4%) $549,079 (8.0%) 0.95 404
2022-06-01 $407,500 (18.8%) $529,149 (3.9%) 0.91 494
2022-07-01 $399,990 (21.2%) $527,635 (7.5%) 0.90 605
2022-08-01 $401,466 (20.3%) $525,461 (8.0%) 0.93 618
2022-09-01 $399,993 (17.1%) $525,038 (8.4%) 0.94 596
2022-10-01 $399,900 (9.6%) $511,972 (-0.4%) 0.94 634
2022-11-01 $399,450 (3.8%) $501,441 (-12.0%) 0.96 646
2022-12-01 $399,450 (5.4%) $502,897 (-15.3%) 0.99 594
2023-01-01 $403,750 (4.9%) $499,771 (-16.4%) 1.00 527
2023-02-01 $407,498 (-2.4%) $510,371 (-20.1%) 0.98 483
2023-03-01 $417,450 (-2.1%) $530,739 (-18.0%) 0.98 456
2023-04-01 $435,000 (3.6%) $550,560 (-10.7%) 1.01 409
2023-05-01 $439,950 (6.2%) $568,503 (3.5%) 1.00 409
2023-06-01 $434,725 (6.7%) $549,017 (3.8%) 0.98 434
2023-07-01 $429,999 (7.5%) $566,612 (7.4%) 0.98 440
2023-08-01 $404,900 (0.9%) $552,152 (5.1%) 0.93 456
2023-09-01 $396,000 (-1.0%) $523,749 (-0.3%) 0.92 481
2023-10-01 $394,975 (-1.2%) $512,872 (0.2%) 0.93 524
Visalia's median listing price for 2023-10-01 was $394,975, a difference of $-4,925 (-1.2%) versus the prior year and $-1,025 versus the prior month.

Visalia's median listing price comes in at 93% of the national average.

Visalia's average listing price for 2023-10-01 was $512,872, a difference of $900 (0.2%) versus the prior year and $-10,877 versus the prior month.

For the 2023-10-01 period, Visalia had 524 MLS listings, a difference of 43 listings (9%) versus the prior month and -110 listings (-17%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Visalia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 68 days 1,701 sqft
2018-02-01 62 days 1,769 sqft
2018-03-01 53 days 1,806 sqft
2018-04-01 52 days 1,829 sqft
2018-05-01 44 days 1,846 sqft
2018-06-01 51 days 1,836 sqft
2018-07-01 53 days 1,821 sqft
2018-08-01 51 days 1,800 sqft
2018-09-01 52 days 1,794 sqft
2018-10-01 53 days 1,798 sqft
2018-11-01 56 days 1,781 sqft
2018-12-01 68 days 1,800 sqft
2019-01-01 72 days 1,777 sqft
2019-02-01 65 days 1,799 sqft
2019-03-01 56 days 1,846 sqft
2019-04-01 53 days 1,853 sqft
2019-05-01 50 days 1,838 sqft
2019-06-01 54 days 1,876 sqft
2019-07-01 54 days 1,841 sqft
2019-08-01 52 days 1,818 sqft
2019-09-01 52 days 1,799 sqft
2019-10-01 52 days 1,779 sqft
2019-11-01 53 days 1,769 sqft
2019-12-01 62 days 1,782 sqft
2020-01-01 66 days 1,789 sqft
2020-02-01 52 days 1,726 sqft
2020-03-01 48 days 1,771 sqft
2020-04-01 53 days 1,770 sqft
2020-05-01 64 days 1,793 sqft
2020-06-01 70 days 1,841 sqft
2020-07-01 52 days 1,854 sqft
2020-08-01 50 days 1,914 sqft
2020-09-01 37 days 2,003 sqft
2020-10-01 37 days 1,981 sqft
2020-11-01 40 days 1,952 sqft
2020-12-01 44 days 1,872 sqft
2021-01-01 49 days 1,823 sqft
2021-02-01 39 days 1,822 sqft
2021-03-01 25 days 1,813 sqft
2021-04-01 27 days 1,803 sqft
2021-05-01 24 days 1,822 sqft
2021-06-01 22 days 1,800 sqft
2021-07-01 27 days 1,784 sqft
2021-08-01 26 days 1,694 sqft
2021-09-01 30 days 1,710 sqft
2021-10-01 37 days 1,786 sqft
2021-11-01 36 days 1,835 sqft
2021-12-01 42 days 1,794 sqft
2022-01-01 39 days 1,801 sqft
2022-02-01 31 days 1,908 sqft
2022-03-01 23 days 1,906 sqft
2022-04-01 25 days 1,859 sqft
2022-05-01 25 days 1,834 sqft
2022-06-01 29 days 1,802 sqft
2022-07-01 31 days 1,791 sqft
2022-08-01 45 days 1,795 sqft
2022-09-01 53 days 1,800 sqft
2022-10-01 54 days 1,798 sqft
2022-11-01 53 days 1,839 sqft
2022-12-01 61 days 1,789 sqft
2023-01-01 69 days 1,831 sqft
2023-02-01 63 days 1,843 sqft
2023-03-01 50 days 1,846 sqft
2023-04-01 51 days 1,912 sqft
2023-05-01 46 days 1,891 sqft
2023-06-01 36 days 1,861 sqft
2023-07-01 38 days 1,854 sqft
2023-08-01 46 days 1,800 sqft
2023-09-01 44 days 1,733 sqft
2023-10-01 51 days 1,715 sqft
Visalia's median listing age (time on market) for 2023-10-01 was 51 days. This is -6% shorter than the same period one year ago.

Visalia's median square footage for active listings during the 2023-10-01 period was 1,715 sqft. One year prior, the average listing was 1,798 sqft.