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
5.96%
for the week of 2023-03-17, compared to the national average (all USDA variants) of
6.497% for the same period.
Visalia's average USDA mortgage closing costs are $7,383.
The average rate for the prior week (2023-03-10) was
6.08% and
one month ago for the week of 2023-02-10, the
average rate was 6.04%.
The average rate one year ago was 3.83%.
For refis of the same type during the week of 2023-03-17, the average rate
was 5.15%.
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%) | 0.91 | 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 | $272,394 (1.9%) | $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%) | 0.86 | 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%) | 0.84 | 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%) | 0.96 | 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 | $415,000 (15.6%) | $549,309 (8.0%) | 0.95 | 405 |
| 2022-06-01 | $407,500 (18.8%) | $529,501 (4.0%) | 0.91 | 495 |
| 2022-07-01 | $399,995 (21.2%) | $527,849 (7.5%) | 0.90 | 606 |
| 2022-08-01 | $401,867 (20.4%) | $525,670 (8.1%) | 0.92 | 619 |
| 2022-09-01 | $399,995 (17.1%) | $525,273 (8.4%) | 0.93 | 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 |
Visalia's median listing price comes in at 98% of the national average.
Visalia's average listing price for 2023-02-01 was $510,371, a difference of $-128,558 (-20.1%) versus the prior year and $10,600 versus the prior month.
For the 2023-02-01 period, Visalia had 483 MLS listings, a difference of -44 listings (-8%) versus the prior month and 210 listings (77%) 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 | 73 days | 1,701 sqft |
| 2018-02-01 | 66 days | 1,769 sqft |
| 2018-03-01 | 58 days | 1,805 sqft |
| 2018-04-01 | 57 days | 1,829 sqft |
| 2018-05-01 | 47 days | 1,848 sqft |
| 2018-06-01 | 53 days | 1,838 sqft |
| 2018-07-01 | 57 days | 1,823 sqft |
| 2018-08-01 | 54 days | 1,800 sqft |
| 2018-09-01 | 55 days | 1,796 sqft |
| 2018-10-01 | 57 days | 1,798 sqft |
| 2018-11-01 | 58 days | 1,781 sqft |
| 2018-12-01 | 73 days | 1,799 sqft |
| 2019-01-01 | 75 days | 1,776 sqft |
| 2019-02-01 | 73 days | 1,799 sqft |
| 2019-03-01 | 66 days | 1,846 sqft |
| 2019-04-01 | 58 days | 1,853 sqft |
| 2019-05-01 | 54 days | 1,838 sqft |
| 2019-06-01 | 59 days | 1,876 sqft |
| 2019-07-01 | 60 days | 1,841 sqft |
| 2019-08-01 | 55 days | 1,818 sqft |
| 2019-09-01 | 55 days | 1,799 sqft |
| 2019-10-01 | 54 days | 1,778 sqft |
| 2019-11-01 | 57 days | 1,769 sqft |
| 2019-12-01 | 66 days | 1,778 sqft |
| 2020-01-01 | 69 days | 1,788 sqft |
| 2020-02-01 | 57 days | 1,724 sqft |
| 2020-03-01 | 52 days | 1,771 sqft |
| 2020-04-01 | 57 days | 1,770 sqft |
| 2020-05-01 | 66 days | 1,793 sqft |
| 2020-06-01 | 77 days | 1,841 sqft |
| 2020-07-01 | 58 days | 1,854 sqft |
| 2020-08-01 | 53 days | 1,914 sqft |
| 2020-09-01 | 41 days | 2,003 sqft |
| 2020-10-01 | 41 days | 1,981 sqft |
| 2020-11-01 | 43 days | 1,952 sqft |
| 2020-12-01 | 47 days | 1,872 sqft |
| 2021-01-01 | 52 days | 1,823 sqft |
| 2021-02-01 | 44 days | 1,822 sqft |
| 2021-03-01 | 30 days | 1,813 sqft |
| 2021-04-01 | 32 days | 1,803 sqft |
| 2021-05-01 | 28 days | 1,822 sqft |
| 2021-06-01 | 24 days | 1,800 sqft |
| 2021-07-01 | 29 days | 1,784 sqft |
| 2021-08-01 | 28 days | 1,694 sqft |
| 2021-09-01 | 31 days | 1,710 sqft |
| 2021-10-01 | 38 days | 1,786 sqft |
| 2021-11-01 | 38 days | 1,835 sqft |
| 2021-12-01 | 44 days | 1,794 sqft |
| 2022-01-01 | 44 days | 1,800 sqft |
| 2022-02-01 | 32 days | 1,902 sqft |
| 2022-03-01 | 23 days | 1,905 sqft |
| 2022-04-01 | 26 days | 1,851 sqft |
| 2022-05-01 | 26 days | 1,834 sqft |
| 2022-06-01 | 30 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 | 55 days | 1,796 sqft |
| 2022-11-01 | 55 days | 1,839 sqft |
| 2022-12-01 | 61 days | 1,790 sqft |
| 2023-01-01 | 70 days | 1,831 sqft |
| 2023-02-01 | 65 days | 1,843 sqft |
Visalia's median square footage for active listings during the 2023-02-01 period was 1,843 sqft. One year prior, the average listing was 1,902 sqft.