Yuma USDA Loan Rates, Closing Costs & Stats

YUMA, AZ

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.

Yuma's 15 lenders originated 80 USDA loans during 2022. The total origination value was $18,370,000, with an average USDA loan value of $229,625.

Yuma USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Yuma averaged -0.5% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

Yuma's average USDA mortgage closing costs are $5,182.

The average rate for the prior week (2023-11-17) was 6.59% and one month ago for the week of 2023-10-20, the average rate was 7.21%.

The average rate one year ago was 6.05%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.15%.

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

Yuma 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 Yuma level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Neighborhood Loans, Inc. 23 4.72% $8,804
RESIDENTIAL WHOLESALE MORTGAGE, INC. 14 5.01% $8,092
UNITED WHOLESALE MORTGAGE, LLC 11 5.18% $8,642
NOVA FINANCIAL & INVESTMENT CORPORATION 11 4.66% $6,441
LOANDEPOT.COM, LLC 3 4.04% $8,974
HOME POINT FINANCIAL CORPORATION 3 5.17% $8,584
GUILD MORTGAGE COMPANY 2 3.38% $7,061
PANORAMA MORTGAGE GROUP, LLC 2 4.06% $6,775
SECURITYNATIONAL MORTGAGE COMPANY 2 5.13% $10,269
CROSSCOUNTRY MORTGAGE, LLC 2 5.56% $11,103
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.63% $2,620
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.99% $7,313
ACADEMY MORTGAGE CORPORATION 1 4.25% $9,837
GENEVA FINANCIAL, LLC 1 5.63% $5,923
Gateway First Bank 1 4.63% $5,754

The top Yuma USDA lender as defined by loan originations is Neighborhood Loans, Inc., with 23 USDA loans originated. Their average total fees are $8,804, which is $713 higher than the next largest lender, RESIDENTIAL WHOLESALE MORTGAGE, INC..

The lowest fee Yuma USDA lenders (with over 10 loans originated) are NOVA FINANCIAL & INVESTMENT CORPORATION ($6,441), RESIDENTIAL WHOLESALE MORTGAGE, INC. ($8,092), UNITED WHOLESALE MORTGAGE, LLC ($8,642), Neighborhood Loans, Inc. ($8,804) and .

The lowest rate Yuma USDA lenders (with over 10 loans originated) are NOVA FINANCIAL & INVESTMENT CORPORATION (4.66%), Neighborhood Loans, Inc. (4.72%), RESIDENTIAL WHOLESALE MORTGAGE, INC. (5.01%), UNITED WHOLESALE MORTGAGE, LLC (5.18%) and .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Yuma (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 $191,100 (0.6%) $221,576 (0.2%) 0.71 807
2018-02-01 $195,000 (0.3%) $224,779 (-0.3%) 0.71 784
2018-03-01 $199,000 (-0.2%) $226,613 (-0.3%) 0.70 763
2018-04-01 $199,850 (1.9%) $229,462 (0.5%) 0.68 704
2018-05-01 $208,788 (4.8%) $231,748 (-0.1%) 0.70 649
2018-06-01 $206,187 (4.0%) $230,336 (0.3%) 0.69 628
2018-07-01 $205,000 (2.6%) $230,138 (-1.2%) 0.68 595
2018-08-01 $214,000 (7.1%) $234,369 (0.6%) 0.72 599
2018-09-01 $217,912 (9.0%) $235,240 (2.0%) 0.73 659
2018-10-01 $217,431 (4.6%) $235,484 (2.6%) 0.74 666
2018-11-01 $217,500 (8.8%) $237,812 (6.4%) 0.74 690
2018-12-01 $220,000 (12.9%) $234,564 (6.4%) 0.76 681
2019-01-01 $219,900 (15.1%) $235,306 (6.2%) 0.76 681
2019-02-01 $222,862 (14.3%) $242,255 (7.8%) 0.75 690
2019-03-01 $225,929 (13.5%) $244,417 (7.9%) 0.74 663
2019-04-01 $226,204 (13.2%) $245,738 (7.1%) 0.72 640
2019-05-01 $221,600 (6.1%) $248,296 (7.1%) 0.69 628
2019-06-01 $224,900 (9.1%) $251,427 (9.2%) 0.70 590
2019-07-01 $227,250 (10.9%) $256,138 (11.3%) 0.71 534
2019-08-01 $229,232 (7.1%) $259,458 (10.7%) 0.73 534
2019-09-01 $228,230 (4.7%) $258,551 (9.9%) 0.73 538
2019-10-01 $227,786 (4.8%) $259,013 (10.0%) 0.74 541
2019-11-01 $229,900 (5.7%) $258,637 (8.8%) 0.75 560
2019-12-01 $227,373 (3.4%) $256,167 (9.2%) 0.76 555
2020-01-01 $219,450 (-0.2%) $248,519 (5.6%) 0.73 552
2020-02-01 $224,900 (0.9%) $255,663 (5.5%) 0.74 509
2020-03-01 $239,913 (6.2%) $267,098 (9.3%) 0.75 461
2020-04-01 $237,950 (5.2%) $264,014 (7.4%) 0.75 454
2020-05-01 $239,900 (8.3%) $261,809 (5.4%) 0.73 355
2020-06-01 $232,600 (3.4%) $264,209 (5.1%) 0.69 271
2020-07-01 $242,879 (6.9%) $282,201 (10.2%) 0.70 225
2020-08-01 $229,900 (0.3%) $284,749 (9.8%) 0.66 190
2020-09-01 $227,450 (-0.3%) $294,144 (13.8%) 0.65 194
2020-10-01 $210,900 (-7.4%) $281,133 (8.5%) 0.60 207
2020-11-01 $231,250 (0.6%) $291,215 (12.6%) 0.68 201
2020-12-01 $229,508 (0.9%) $290,015 (13.2%) 0.68 199
2021-01-01 $240,000 (9.4%) $293,787 (18.2%) 0.72 172
2021-02-01 $246,850 (9.8%) $301,900 (18.1%) 0.72 165
2021-03-01 $256,175 (6.8%) $297,999 (11.6%) 0.73 160
2021-04-01 $260,888 (9.6%) $317,525 (20.3%) 0.71 145
2021-05-01 $279,900 (16.7%) $335,538 (28.2%) 0.74 139
2021-06-01 $281,975 (21.2%) $324,819 (22.9%) 0.74 147
2021-07-01 $281,450 (15.9%) $326,385 (15.7%) 0.74 203
2021-08-01 $270,200 (17.5%) $314,996 (10.6%) 0.72 209
2021-09-01 $271,000 (19.2%) $313,151 (6.5%) 0.72 201
2021-10-01 $279,250 (32.4%) $331,984 (18.1%) 0.74 184
2021-11-01 $279,500 (20.9%) $331,982 (14.0%) 0.75 172
2021-12-01 $280,000 (22.0%) $332,596 (14.7%) 0.76 166
2022-01-01 $285,741 (19.1%) $336,976 (14.7%) 0.77 152
2022-02-01 $296,450 (20.1%) $337,175 (11.7%) 0.77 151
2022-03-01 $299,625 (17.0%) $339,100 (13.8%) 0.75 150
2022-04-01 $315,000 (20.7%) $362,252 (14.1%) 0.75 169
2022-05-01 $309,724 (10.7%) $363,769 (8.4%) 0.71 212
2022-06-01 $302,128 (7.2%) $354,112 (9.0%) 0.67 269
2022-07-01 $310,130 (10.2%) $353,713 (8.4%) 0.70 314
2022-08-01 $311,440 (15.3%) $360,023 (14.3%) 0.72 342
2022-09-01 $315,000 (16.2%) $365,030 (16.6%) 0.74 362
2022-10-01 $311,440 (11.5%) $359,317 (8.2%) 0.73 393
2022-11-01 $309,640 (10.8%) $349,619 (5.3%) 0.74 399
2022-12-01 $305,000 (8.9%) $349,202 (5.0%) 0.75 371
2023-01-01 $299,900 (5.0%) $346,862 (2.9%) 0.74 338
2023-02-01 $303,950 (2.5%) $352,647 (4.6%) 0.73 306
2023-03-01 $299,700 (0.0%) $357,811 (5.5%) 0.71 268
2023-04-01 $305,000 (-3.2%) $364,358 (0.6%) 0.71 242
2023-05-01 $325,000 (4.9%) $371,481 (2.1%) 0.74 233
2023-06-01 $346,100 (14.6%) $396,649 (12.0%) 0.78 234
2023-07-01 $335,000 (8.0%) $390,183 (10.3%) 0.76 261
2023-08-01 $335,475 (7.7%) $393,578 (9.3%) 0.77 257
2023-09-01 $347,450 (10.3%) $392,087 (7.4%) 0.81 274
2023-10-01 $342,450 (10.0%) $385,091 (7.2%) 0.81 375
Yuma's median listing price for 2023-10-01 was $342,450, a difference of $31,010 (10.0%) versus the prior year and $-5,000 versus the prior month.

Yuma's median listing price comes in at 81% of the national average.

Yuma's average listing price for 2023-10-01 was $385,091, a difference of $25,774 (7.2%) versus the prior year and $-6,996 versus the prior month.

For the 2023-10-01 period, Yuma had 375 MLS listings, a difference of 101 listings (37%) versus the prior month and -18 listings (-5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Yuma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 72 days 1,627 sqft
2018-02-01 75 days 1,629 sqft
2018-03-01 66 days 1,649 sqft
2018-04-01 64 days 1,660 sqft
2018-05-01 67 days 1,701 sqft
2018-06-01 63 days 1,701 sqft
2018-07-01 70 days 1,701 sqft
2018-08-01 68 days 1,700 sqft
2018-09-01 58 days 1,695 sqft
2018-10-01 57 days 1,691 sqft
2018-11-01 60 days 1,690 sqft
2018-12-01 65 days 1,694 sqft
2019-01-01 72 days 1,699 sqft
2019-02-01 68 days 1,699 sqft
2019-03-01 64 days 1,690 sqft
2019-04-01 63 days 1,682 sqft
2019-05-01 68 days 1,665 sqft
2019-06-01 73 days 1,679 sqft
2019-07-01 76 days 1,696 sqft
2019-08-01 67 days 1,696 sqft
2019-09-01 56 days 1,675 sqft
2019-10-01 50 days 1,665 sqft
2019-11-01 54 days 1,662 sqft
2019-12-01 65 days 1,660 sqft
2020-01-01 68 days 1,638 sqft
2020-02-01 68 days 1,660 sqft
2020-03-01 58 days 1,686 sqft
2020-04-01 61 days 1,654 sqft
2020-05-01 66 days 1,666 sqft
2020-06-01 67 days 1,609 sqft
2020-07-01 54 days 1,670 sqft
2020-08-01 45 days 1,634 sqft
2020-09-01 33 days 1,606 sqft
2020-10-01 29 days 1,548 sqft
2020-11-01 42 days 1,563 sqft
2020-12-01 40 days 1,538 sqft
2021-01-01 47 days 1,552 sqft
2021-02-01 32 days 1,569 sqft
2021-03-01 26 days 1,606 sqft
2021-04-01 25 days 1,674 sqft
2021-05-01 29 days 1,718 sqft
2021-06-01 28 days 1,667 sqft
2021-07-01 24 days 1,602 sqft
2021-08-01 31 days 1,570 sqft
2021-09-01 38 days 1,553 sqft
2021-10-01 41 days 1,553 sqft
2021-11-01 34 days 1,555 sqft
2021-12-01 41 days 1,549 sqft
2022-01-01 32 days 1,595 sqft
2022-02-01 20 days 1,570 sqft
2022-03-01 22 days 1,600 sqft
2022-04-01 19 days 1,657 sqft
2022-05-01 22 days 1,625 sqft
2022-06-01 24 days 1,614 sqft
2022-07-01 30 days 1,584 sqft
2022-08-01 38 days 1,595 sqft
2022-09-01 42 days 1,662 sqft
2022-10-01 45 days 1,608 sqft
2022-11-01 51 days 1,575 sqft
2022-12-01 61 days 1,574 sqft
2023-01-01 58 days 1,570 sqft
2023-02-01 46 days 1,579 sqft
2023-03-01 43 days 1,565 sqft
2023-04-01 43 days 1,584 sqft
2023-05-01 40 days 1,622 sqft
2023-06-01 42 days 1,677 sqft
2023-07-01 35 days 1,605 sqft
2023-08-01 48 days 1,599 sqft
2023-09-01 45 days 1,627 sqft
2023-10-01 40 days 1,666 sqft
Yuma's median listing age (time on market) for 2023-10-01 was 40 days. This is -12% shorter than the same period one year ago.

Yuma's median square footage for active listings during the 2023-10-01 period was 1,666 sqft. One year prior, the average listing was 1,608 sqft.