Visalia USDA Loan Rates, Closing Costs & Stats

VISALIA, CA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 5 lenders originated 6 USDA loans during 2023. The total origination value was $1,730,000, with an average USDA loan value of $288,333.

    Visalia USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Visalia averaged 6.77% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Visalia's average USDA mortgage closing costs are $7,489.

    The average rate for the prior week (2024-04-12) was 6.43% and one month ago for the week of 2024-03-15, the average rate was 6.41%.

    The average rate one year ago was 6.05%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.08%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 2 6.19% $11,239
    CALIBER HOME LOANS, INC. 1 7.13% $6,879
    Platinum Home Mortgage Corporation 1 5.99% $13,317
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.13% $19,805
    Sierra Pacific Mortgage Company, Inc. 1 6.25% $13,319

    The top Visalia USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 2 USDA loans originated. Their average total fees are $11,239, which is $4,360 higher than the next largest lender, CALIBER HOME LOANS, 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 (-1.1%) $315,239 (-1.4%) 0.90 859
    2018-02-01 $249,995 (0.2%) $314,730 (-2.3%) 0.91 873
    2018-03-01 $257,500 (3.0%) $318,901 (-0.9%) 0.90 855
    2018-04-01 $267,450 (6.8%) $329,977 (0.7%) 0.91 838
    2018-05-01 $269,999 (4.2%) $334,736 (0.9%) 0.90 889
    2018-06-01 $269,995 (4.2%) $333,775 (2.9%) 0.90 904
    2018-07-01 $271,250 (4.7%) $333,108 (1.9%) 0.91 948
    2018-08-01 $264,900 (6.2%) $323,515 (2.3%) 0.89 996
    2018-09-01 $265,000 (8.2%) $314,814 (-0.2%) 0.89 1,034
    2018-10-01 $269,000 (8.0%) $315,093 (-0.4%) 0.91 1,061
    2018-11-01 $265,000 (7.2%) $315,190 (0.6%) 0.90 1,051
    2018-12-01 $265,000 (7.8%) $312,098 (-1.4%) 0.91 1,016
    2019-01-01 $264,900 (9.3%) $307,194 (-2.6%) 0.92 979
    2019-02-01 $269,900 (8.0%) $316,241 (0.5%) 0.91 955
    2019-03-01 $271,346 (5.4%) $325,446 (2.1%) 0.89 938
    2019-04-01 $272,511 (1.9%) $331,678 (0.5%) 0.87 929
    2019-05-01 $274,000 (1.5%) $327,177 (-2.3%) 0.86 926
    2019-06-01 $279,900 (3.7%) $343,417 (2.9%) 0.87 890
    2019-07-01 $276,975 (2.1%) $346,622 (4.1%) 0.87 912
    2019-08-01 $273,291 (3.2%) $355,464 (9.9%) 0.87 910
    2019-09-01 $270,877 (2.2%) $372,185 (18.2%) 0.87 883
    2019-10-01 $269,000 (0.0%) $362,538 (15.1%) 0.87 862
    2019-11-01 $268,720 (1.4%) $346,284 (9.9%) 0.88 850
    2019-12-01 $267,225 (0.8%) $336,752 (7.9%) 0.89 787
    2020-01-01 $269,900 (1.9%) $338,652 (10.2%) 0.90 729
    2020-02-01 $266,000 (-1.4%) $333,079 (5.3%) 0.87 684
    2020-03-01 $269,900 (-0.5%) $344,811 (6.0%) 0.85 676
    2020-04-01 $272,437 (0.0%) $339,845 (2.5%) 0.85 697
    2020-05-01 $273,000 (-0.4%) $342,449 (4.7%) 0.83 622
    2020-06-01 $277,200 (-1.0%) $440,931 (28.4%) 0.82 513
    2020-07-01 $285,000 (2.9%) $440,957 (27.2%) 0.83 442
    2020-08-01 $309,000 (13.1%) $476,515 (34.1%) 0.89 416
    2020-09-01 $332,950 (22.9%) $452,255 (21.5%) 0.95 415
    2020-10-01 $349,000 (29.7%) $449,075 (23.9%) 1.00 414
    2020-11-01 $338,480 (26.0%) $452,308 (30.6%) 0.99 396
    2020-12-01 $318,625 (19.2%) $436,185 (29.5%) 0.95 364
    2021-01-01 $319,000 (18.2%) $451,091 (33.2%) 0.95 317
    2021-02-01 $329,000 (23.7%) $463,826 (39.3%) 0.96 282
    2021-03-01 $324,663 (20.3%) $454,861 (31.9%) 0.92 274
    2021-04-01 $330,000 (21.1%) $473,927 (39.5%) 0.89 271
    2021-05-01 $359,000 (31.5%) $507,931 (48.3%) 0.95 263
    2021-06-01 $343,950 (24.1%) $510,077 (15.7%) 0.91 298
    2021-07-01 $330,000 (15.8%) $491,610 (11.5%) 0.87 330
    2021-08-01 $335,000 (8.4%) $486,655 (2.1%) 0.89 374
    2021-09-01 $341,619 (2.6%) $484,483 (7.1%) 0.91 384
    2021-10-01 $364,783 (4.5%) $513,888 (14.4%) 0.97 389
    2021-11-01 $384,950 (13.7%) $569,679 (26.0%) 1.03 377
    2021-12-01 $378,873 (18.9%) $594,009 (36.2%) 1.03 328
    2022-01-01 $385,000 (20.7%) $597,943 (32.6%) 1.04 304
    2022-02-01 $417,500 (26.9%) $638,929 (37.8%) 1.09 273
    2022-03-01 $426,225 (31.3%) $647,020 (42.3%) 1.07 291
    2022-04-01 $419,900 (27.2%) $616,341 (30.1%) 1.00 327
    2022-05-01 $415,000 (15.6%) $549,202 (8.1%) 0.95 405
    2022-06-01 $407,500 (18.5%) $529,385 (3.8%) 0.91 495
    2022-07-01 $399,995 (21.2%) $527,849 (7.4%) 0.90 606
    2022-08-01 $401,867 (20.0%) $525,670 (8.0%) 0.93 619
    2022-09-01 $399,995 (17.1%) $525,273 (8.4%) 0.94 597
    2022-10-01 $399,900 (9.6%) $512,212 (-0.3%) 0.94 635
    2022-11-01 $399,675 (3.8%) $501,696 (-11.9%) 0.96 647
    2022-12-01 $399,900 (5.6%) $503,160 (-15.3%) 0.99 595
    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%) $550,611 (-10.7%) 1.01 407
    2023-05-01 $439,450 (5.9%) $568,670 (3.5%) 1.00 407
    2023-06-01 $433,500 (6.4%) $549,055 (3.7%) 0.97 433
    2023-07-01 $429,999 (7.5%) $566,612 (7.3%) 0.98 440
    2023-08-01 $404,900 (0.8%) $552,152 (5.0%) 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 (0.1%) 0.93 524
    2023-11-01 $386,723 (-3.2%) $499,841 (-0.4%) 0.92 548
    2023-12-01 $380,000 (-5.0%) $486,996 (-3.2%) 0.93 567
    2024-01-01 $380,238 (-5.8%) $493,292 (-1.3%) 0.93 478
    2024-02-01 $390,200 (-4.2%) $499,607 (-2.1%) 0.94 459
    2024-03-01 $399,900 (-4.2%) $540,858 (1.9%) 0.94 446
    Visalia's median listing price for 2024-03-01 was $399,900, a difference of $-17,550 (-4.2%) versus the prior year and $9,700 versus the prior month.

    Visalia's median listing price comes in at 94% of the national average.

    Visalia's average listing price for 2024-03-01 was $540,858, a difference of $10,119 (1.9%) versus the prior year and $41,251 versus the prior month.

    For the 2024-03-01 period, Visalia had 446 MLS listings, a difference of -13 listings (-3%) versus the prior month and -10 listings (-2%) 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 1,700 sqft
    2018-02-01 62 days 1,764 sqft
    2018-03-01 53 days 1,800 sqft
    2018-04-01 52 days 1,823 sqft
    2018-05-01 44 days 1,843 sqft
    2018-06-01 51 days 1,834 sqft
    2018-07-01 53 days 1,821 sqft
    2018-08-01 51 days 1,800 sqft
    2018-09-01 51 days 1,796 sqft
    2018-10-01 53 days 1,798 sqft
    2018-11-01 56 days 1,781 sqft
    2018-12-01 68 days 1,798 sqft
    2019-01-01 71 days 1,776 sqft
    2019-02-01 65 days 1,798 sqft
    2019-03-01 56 days 1,846 sqft
    2019-04-01 53 days 1,853 sqft
    2019-05-01 51 days 1,838 sqft
    2019-06-01 54 days 1,879 sqft
    2019-07-01 54 days 1,844 sqft
    2019-08-01 52 days 1,822 sqft
    2019-09-01 52 days 1,801 sqft
    2019-10-01 52 days 1,777 sqft
    2019-11-01 53 days 1,768 sqft
    2019-12-01 61 days 1,773 sqft
    2020-01-01 66 days 1,787 sqft
    2020-02-01 52 days 1,715 sqft
    2020-03-01 48 days 1,770 sqft
    2020-04-01 52 days 1,770 sqft
    2020-05-01 64 days 1,793 sqft
    2020-06-01 69 days 1,841 sqft
    2020-07-01 52 days 1,855 sqft
    2020-08-01 47 days 1,920 sqft
    2020-09-01 36 days 2,008 sqft
    2020-10-01 37 days 1,995 sqft
    2020-11-01 40 days 1,958 sqft
    2020-12-01 44 days 1,873 sqft
    2021-01-01 49 days 1,823 sqft
    2021-02-01 39 days 1,827 sqft
    2021-03-01 25 days 1,811 sqft
    2021-04-01 27 days 1,802 sqft
    2021-05-01 23 days 1,823 sqft
    2021-06-01 22 days 1,794 sqft
    2021-07-01 26 days 1,779 sqft
    2021-08-01 26 days 1,693 sqft
    2021-09-01 30 days 1,708 sqft
    2021-10-01 37 days 1,784 sqft
    2021-11-01 36 days 1,834 sqft
    2021-12-01 42 days 1,791 sqft
    2022-01-01 39 days 1,800 sqft
    2022-02-01 31 days 1,905 sqft
    2022-03-01 23 days 1,906 sqft
    2022-04-01 25 days 1,859 sqft
    2022-05-01 25 days 1,835 sqft
    2022-06-01 29 days 1,805 sqft
    2022-07-01 31 days 1,795 sqft
    2022-08-01 45 days 1,795 sqft
    2022-09-01 53 days 1,800 sqft
    2022-10-01 54 days 1,796 sqft
    2022-11-01 54 days 1,840 sqft
    2022-12-01 61 days 1,790 sqft
    2023-01-01 69 days 1,832 sqft
    2023-02-01 63 days 1,844 sqft
    2023-03-01 50 days 1,847 sqft
    2023-04-01 51 days 1,911 sqft
    2023-05-01 45 days 1,887 sqft
    2023-06-01 36 days 1,855 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
    2023-11-01 56 days 1,699 sqft
    2023-12-01 60 days 1,695 sqft
    2024-01-01 62 days 1,700 sqft
    2024-02-01 48 days 1,739 sqft
    2024-03-01 42 days 1,732 sqft
    Visalia's median listing age (time on market) for 2024-03-01 was 42 days. This is -16% shorter than the same period one year ago.

    Visalia's median square footage for active listings during the 2024-03-01 period was 1,732 sqft. One year prior, the average listing was 1,847 sqft.