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 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 6.75% for the week of 2024-05-24, compared to the national average (all USDA variants) of 6.738% for the same period.

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

The average rate for the prior week (2024-05-17) was 6.43% and one month ago for the week of 2024-04-19, the average rate was 6.87%.

The average rate one year ago was 6.18%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.86%.

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
2024-04-01 $403,495 (-7.2%) $550,363 (0.0%) 0.94 478
Visalia's median listing price for 2024-04-01 was $403,495, a difference of $-31,505 (-7.2%) versus the prior year and $3,595 versus the prior month.

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

Visalia's average listing price for 2024-04-01 was $550,363, a difference of $-248 (0.0%) versus the prior year and $9,505 versus the prior month.

For the 2024-04-01 period, Visalia had 478 MLS listings, a difference of 32 listings (7%) versus the prior month and 71 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 1,700 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
2024-04-01 39 days 1,768 sqft
Visalia's median listing age (time on market) for 2024-04-01 was 39 days. This is -25% shorter than the same period one year ago.

Visalia's median square footage for active listings during the 2024-04-01 period was 1,768 sqft. One year prior, the average listing was 1,911 sqft.