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 25 lenders originated 293 USDA loans during 2021. The total origination value was $55,735,000, with an average USDA loan value of $190,222.
Yuma USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Yuma
averaged
6.21%
for the week of 2023-01-27, compared to the national average (all USDA variants) of
6.195% for the same period.
Yuma's average USDA mortgage closing costs are $4,969.
The average rate for the prior week (2023-01-20) was
6.1% and
one month ago for the week of 2022-12-23, the
average rate was 6.63%.
The average rate one year ago was 3.98%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6.15%.
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.
The top Yuma USDA lender as defined by loan originations is NOVA FINANCIAL & INVESTMENT CORPORATION, with
81 USDA loans originated. Their average total fees are
$4,489, which is $2,176
lower than the next largest lender,
Neighborhood Loans, Inc..
The lowest fee Yuma USDA lenders (with over 10 loans originated) are
NOVA FINANCIAL & INVESTMENT CORPORATION ($4,489), RESIDENTIAL WHOLESALE MORTGAGE, INC. ($5,479), GENEVA FINANCIAL, LLC ($5,784), PANORAMA MORTGAGE GROUP, LLC ($6,620) and Neighborhood Loans, Inc. ($6,665).
The lowest rate Yuma USDA lenders (with over 10 loans originated) are
GENEVA FINANCIAL, LLC (2.83%), NOVA FINANCIAL & INVESTMENT CORPORATION (2.88%), RESIDENTIAL WHOLESALE MORTGAGE, INC. (2.91%), GUILD MORTGAGE COMPANY (2.93%) and PANORAMA MORTGAGE GROUP, LLC (3.09%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Yuma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $190,750 (0.5%) | $221,477 (0.2%) | 0.71 | 808 |
2018-02-01 | $195,000 (0.3%) | $224,675 (-0.4%) | 0.71 | 785 |
2018-03-01 | $199,000 (-0.2%) | $226,501 (-0.3%) | 0.70 | 764 |
2018-04-01 | $199,650 (1.8%) | $229,339 (0.5%) | 0.68 | 705 |
2018-05-01 | $208,644 (4.7%) | $231,610 (-0.2%) | 0.70 | 650 |
2018-06-01 | $206,000 (3.9%) | $230,197 (0.3%) | 0.69 | 629 |
2018-07-01 | $204,725 (2.4%) | $229,992 (-1.3%) | 0.68 | 596 |
2018-08-01 | $214,000 (7.1%) | $234,217 (0.6%) | 0.72 | 600 |
2018-09-01 | $217,823 (9.0%) | $235,099 (1.9%) | 0.73 | 660 |
2018-10-01 | $217,412 (5.0%) | $235,345 (2.6%) | 0.73 | 667 |
2018-11-01 | $217,500 (8.8%) | $237,673 (6.4%) | 0.74 | 691 |
2018-12-01 | $220,000 (12.9%) | $234,428 (6.4%) | 0.76 | 682 |
2019-01-01 | $219,894 (15.3%) | $235,169 (6.2%) | 0.76 | 682 |
2019-02-01 | $222,656 (14.2%) | $242,111 (7.8%) | 0.75 | 691 |
2019-03-01 | $225,393 (13.3%) | $244,265 (7.8%) | 0.74 | 664 |
2019-04-01 | $225,943 (13.2%) | $245,535 (7.1%) | 0.72 | 641 |
2019-05-01 | $220,950 (5.9%) | $248,128 (7.1%) | 0.69 | 630 |
2019-06-01 | $224,900 (9.2%) | $251,253 (9.2%) | 0.70 | 592 |
2019-07-01 | $227,250 (11.0%) | $255,935 (11.3%) | 0.71 | 536 |
2019-08-01 | $229,232 (7.1%) | $259,246 (10.7%) | 0.73 | 536 |
2019-09-01 | $228,230 (4.8%) | $258,342 (9.9%) | 0.73 | 540 |
2019-10-01 | $227,786 (4.8%) | $258,805 (10.0%) | 0.73 | 543 |
2019-11-01 | $229,900 (5.7%) | $258,435 (8.7%) | 0.75 | 562 |
2019-12-01 | $227,373 (3.4%) | $255,971 (9.2%) | 0.76 | 557 |
2020-01-01 | $219,450 (-0.2%) | $248,349 (5.6%) | 0.73 | 554 |
2020-02-01 | $224,900 (1.0%) | $255,456 (5.5%) | 0.74 | 511 |
2020-03-01 | $239,913 (6.4%) | $266,824 (9.2%) | 0.75 | 463 |
2020-04-01 | $237,950 (5.3%) | $263,745 (7.4%) | 0.74 | 456 |
2020-05-01 | $239,900 (8.6%) | $261,545 (5.4%) | 0.73 | 357 |
2020-06-01 | $232,600 (3.4%) | $263,815 (5.0%) | 0.68 | 273 |
2020-07-01 | $242,879 (6.9%) | $281,596 (10.0%) | 0.70 | 227 |
2020-08-01 | $229,900 (0.3%) | $283,988 (9.5%) | 0.66 | 192 |
2020-09-01 | $227,450 (-0.3%) | $293,337 (13.6%) | 0.65 | 196 |
2020-10-01 | $210,900 (-7.4%) | $280,488 (8.4%) | 0.60 | 209 |
2020-11-01 | $231,250 (0.6%) | $290,486 (12.4%) | 0.68 | 203 |
2020-12-01 | $229,508 (0.9%) | $289,280 (13.0%) | 0.68 | 201 |
2021-01-01 | $240,000 (9.4%) | $292,939 (18.0%) | 0.72 | 174 |
2021-02-01 | $246,850 (9.8%) | $300,892 (17.8%) | 0.72 | 167 |
2021-03-01 | $256,175 (6.8%) | $297,043 (11.3%) | 0.73 | 162 |
2021-04-01 | $259,825 (9.2%) | $316,337 (19.9%) | 0.70 | 147 |
2021-05-01 | $279,777 (16.6%) | $334,109 (27.7%) | 0.74 | 141 |
2021-06-01 | $280,750 (20.7%) | $323,557 (22.7%) | 0.74 | 149 |
2021-07-01 | $279,750 (15.2%) | $325,386 (15.6%) | 0.74 | 205 |
2021-08-01 | $270,000 (17.4%) | $314,157 (10.6%) | 0.72 | 211 |
2021-09-01 | $270,800 (19.1%) | $312,230 (6.4%) | 0.72 | 203 |
2021-10-01 | $278,675 (32.1%) | $330,913 (18.0%) | 0.74 | 186 |
2021-11-01 | $277,925 (20.2%) | $330,804 (13.9%) | 0.74 | 174 |
2021-12-01 | $279,925 (22.0%) | $331,357 (14.6%) | 0.76 | 168 |
2022-01-01 | $285,000 (18.8%) | $335,603 (14.6%) | 0.77 | 154 |
2022-02-01 | $294,500 (19.3%) | $335,767 (11.6%) | 0.77 | 153 |
2022-03-01 | $299,475 (16.9%) | $337,745 (13.7%) | 0.75 | 152 |
2022-04-01 | $314,950 (21.2%) | $360,808 (14.1%) | 0.75 | 171 |
2022-05-01 | $308,663 (10.3%) | $362,514 (8.5%) | 0.71 | 214 |
2022-06-01 | $300,878 (7.2%) | $353,138 (9.1%) | 0.67 | 271 |
2022-07-01 | $310,000 (10.8%) | $352,826 (8.4%) | 0.70 | 316 |
2022-08-01 | $310,000 (14.8%) | $359,189 (14.3%) | 0.72 | 344 |
2022-09-01 | $315,000 (16.3%) | $364,217 (16.7%) | 0.74 | 364 |
2022-10-01 | $310,000 (11.2%) | $358,573 (8.4%) | 0.73 | 395 |
2022-11-01 | $309,145 (11.2%) | $348,920 (5.5%) | 0.74 | 401 |
2022-12-01 | $304,403 (8.7%) | $345,384 (4.2%) | 0.76 | 380 |
Yuma's median listing price comes in at 76% of the national average.
Yuma's average listing price for 2022-12-01 was $345,384, a difference of $14,027 (4.2%) versus the prior year and $-3,536 versus the prior month.
For the 2022-12-01 period, Yuma had 380 MLS listings, a difference of -21 listings (-5%) versus the prior month and 212 listings (126%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Yuma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 75 days | 1,628 sqft |
2018-02-01 | 81 days | 1,630 sqft |
2018-03-01 | 70 days | 1,650 sqft |
2018-04-01 | 67 days | 1,660 sqft |
2018-05-01 | 71 days | 1,700 sqft |
2018-06-01 | 68 days | 1,700 sqft |
2018-07-01 | 73 days | 1,701 sqft |
2018-08-01 | 74 days | 1,699 sqft |
2018-09-01 | 64 days | 1,694 sqft |
2018-10-01 | 60 days | 1,690 sqft |
2018-11-01 | 63 days | 1,689 sqft |
2018-12-01 | 67 days | 1,694 sqft |
2019-01-01 | 74 days | 1,699 sqft |
2019-02-01 | 72 days | 1,699 sqft |
2019-03-01 | 67 days | 1,690 sqft |
2019-04-01 | 68 days | 1,682 sqft |
2019-05-01 | 72 days | 1,665 sqft |
2019-06-01 | 77 days | 1,679 sqft |
2019-07-01 | 82 days | 1,696 sqft |
2019-08-01 | 74 days | 1,696 sqft |
2019-09-01 | 63 days | 1,675 sqft |
2019-10-01 | 56 days | 1,665 sqft |
2019-11-01 | 59 days | 1,660 sqft |
2019-12-01 | 68 days | 1,660 sqft |
2020-01-01 | 74 days | 1,638 sqft |
2020-02-01 | 78 days | 1,660 sqft |
2020-03-01 | 63 days | 1,689 sqft |
2020-04-01 | 70 days | 1,654 sqft |
2020-05-01 | 72 days | 1,666 sqft |
2020-06-01 | 75 days | 1,609 sqft |
2020-07-01 | 58 days | 1,670 sqft |
2020-08-01 | 49 days | 1,634 sqft |
2020-09-01 | 37 days | 1,606 sqft |
2020-10-01 | 31 days | 1,552 sqft |
2020-11-01 | 44 days | 1,563 sqft |
2020-12-01 | 42 days | 1,538 sqft |
2021-01-01 | 50 days | 1,552 sqft |
2021-02-01 | 33 days | 1,569 sqft |
2021-03-01 | 26 days | 1,606 sqft |
2021-04-01 | 25 days | 1,688 sqft |
2021-05-01 | 29 days | 1,718 sqft |
2021-06-01 | 29 days | 1,669 sqft |
2021-07-01 | 25 days | 1,602 sqft |
2021-08-01 | 31 days | 1,570 sqft |
2021-09-01 | 39 days | 1,553 sqft |
2021-10-01 | 44 days | 1,553 sqft |
2021-11-01 | 36 days | 1,555 sqft |
2021-12-01 | 41 days | 1,549 sqft |
2022-01-01 | 33 days | 1,595 sqft |
2022-02-01 | 22 days | 1,570 sqft |
2022-03-01 | 22 days | 1,600 sqft |
2022-04-01 | 22 days | 1,657 sqft |
2022-05-01 | 24 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 | 43 days | 1,662 sqft |
2022-10-01 | 46 days | 1,609 sqft |
2022-11-01 | 52 days | 1,575 sqft |
2022-12-01 | 62 days | 1,569 sqft |
Yuma's median square footage for active listings during the 2022-12-01 period was 1,569 sqft. One year prior, the average listing was 1,549 sqft.