Yuma USDA Loan Rates, Closing Costs & Stats

YUMA, AZ

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    • 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%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    NOVA FINANCIAL & INVESTMENT CORPORATION 81 2.88% $4,489
    Neighborhood Loans, Inc. 73 3.21% $6,665
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 22 2.91% $5,479
    PANORAMA MORTGAGE GROUP, LLC 15 3.09% $6,620
    GUILD MORTGAGE COMPANY 15 2.93% $6,803
    GENEVA FINANCIAL, LLC 14 2.83% $5,784
    LOANDEPOT.COM, LLC 11 3.24% $7,198
    ACADEMY MORTGAGE CORPORATION 9 3.03% $7,446
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 2.54% $6,921
    RESIDENTIAL BANCORP. 5 3.25% $8,684
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.06% $5,739
    Gateway First Bank 2 2.94% $4,392
    CALIBER HOME LOANS, INC. 2 2.75% $6,364
    Amerifirst Financial, Inc. 2 2.56% $4,774
    UNITED WHOLESALE MORTGAGE, LLC 2 2.94% $4,572
    Bank of England 1 3.13% $7,377
    PENNYMAC LOAN SERVICES, LLC 1 2.75% $4,727
    SUN AMERICAN MORTGAGE COMPANY 1 3.25% $5,857
    NEWREZ LLC 1 3.25% $2,018
    HOME POINT FINANCIAL CORPORATION 1 2.99% $4,361
    Lend Smart Mortgage, LLC 1 3.00% $8,879
    Loan Simple, Inc. 1 2.88% $5,768
    MANN FINANCIAL INC. 1 3.38% $6,655
    GUARANTEED RATE, INC. 1 2.88% $5,200
    Bell Bank 1 2.63% $3,353

    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. Louis
    Date 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 for 2022-12-01 was $304,403, a difference of $24,478 (8.7%) versus the prior year and $-4,742 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2022-12-01 was 62 days. This is 50% longer than the same period one year ago.

    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.