Visalia USDA Loans

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 23 lenders originated 61 USDA loans during 2021. The total origination value was $15,795,000, with an average USDA loan value of $258,934.

Visalia USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Visalia averaged 5.33% 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 5.12% and one month ago for the week of 2022-04-15, the average rate was 5.01%.

The average rate one year ago was 2.96%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.03%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Visalia level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
COUNTRY CLUB MORTGAGE, INC. 9 2.60% $8,676
KINGS MORTGAGE SERVICES, INC. 9 2.60% $7,230
CROSSCOUNTRY MORTGAGE, LLC 8 2.89% $7,439
MLD MORTGAGE INC. 5 2.85% $6,526
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 2.94% $9,943
HOME POINT FINANCIAL CORPORATION 4 2.66% $6,871
PENNYMAC LOAN SERVICES, LLC 3 2.92% $5,530
Commerce Home Mortgage, Inc. 2 3.06% $8,842
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.19% $9,191
MOUNTAIN WEST FINANCIAL, INC. 1 2.50% $7,813
NATIONS DIRECT MORTGAGE, LLC 1 3.25% $6,851
Paramount Residential Mortgage Group, Inc. 1 2.75% $8,380
Sierra Pacific Mortgage Company, Inc. 1 3.13% $8,185
ACADEMY MORTGAGE CORPORATION 1 3.75% $6,941
Wells Fargo Bank 1 2.75% $9,660
AMERICAN FINANCIAL NETWORK, INC. 1 3.25% $9,784
CALIBER HOME LOANS, INC. 1 2.75% $5,577
Colten Mortgage, LLC 1 3.13% $4,122
FBC MORTGAGE, LLC 1 2.75% $5,470
Flagstar Bank, FSB 1 2.38% $10,319
FREEDOM MORTGAGE CORPORATION 1 2.88% $7,332
GUARANTEED RATE, INC. 1 2.75% $7,611
Hometown Equity Mortgage, LLC 1 3.13% $8,371

The top Visalia USDA lender as defined by loan originations is COUNTRY CLUB MORTGAGE, INC., with 9 USDA loans originated. Their average total fees are $8,676, which is $1,446 higher than the next largest lender, KINGS MORTGAGE SERVICES, 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 .