Yuma USDA Loans

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 5.33% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.42% and one month ago for the week of 2022-04-15, the average rate was 4.91%.

The average rate one year ago was 3.16%.

For refis of the same type during the week of 2022-05-20, the average rate was 4.87%.

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 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. Total Fees
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 $204,900 (3.4%) $226,875 (0.4%) 0.75 818
2018-02-01 $204,975 (2.1%) $230,118 (-0.5%) 0.74 799
2018-03-01 $209,100 (4.5%) $232,561 (0.2%) 0.72 768
2018-04-01 $211,500 (5.8%) $235,340 (1.2%) 0.71 727
2018-05-01 $224,000 (9.0%) $239,121 (1.0%) 0.75 659
2018-06-01 $219,900 (10.0%) $236,947 (1.6%) 0.73 639
2018-07-01 $218,000 (4.3%) $238,275 (0.6%) 0.73 597
2018-08-01 $224,950 (9.0%) $244,035 (2.2%) 0.75 599
2018-09-01 $225,000 (7.2%) $245,291 (3.6%) 0.75 667
2018-10-01 $225,000 (6.0%) $244,198 (4.1%) 0.75 684
2018-11-01 $228,750 (10.3%) $247,876 (8.4%) 0.77 693
2018-12-01 $229,900 (12.2%) $245,101 (8.0%) 0.79 681
2019-01-01 $229,200 (11.9%) $245,489 (8.2%) 0.79 684
2019-02-01 $231,700 (13.0%) $251,576 (9.3%) 0.78 686
2019-03-01 $231,614 (10.8%) $251,985 (8.4%) 0.75 670
2019-04-01 $232,414 (9.9%) $253,463 (7.7%) 0.73 660
2019-05-01 $231,550 (3.4%) $257,655 (7.8%) 0.71 648
2019-06-01 $233,000 (6.0%) $259,537 (9.5%) 0.72 610
2019-07-01 $234,450 (7.6%) $264,105 (10.8%) 0.73 548
2019-08-01 $232,757 (3.5%) $264,265 (8.3%) 0.73 528
2019-09-01 $233,807 (3.9%) $263,730 (7.5%) 0.74 508
2019-10-01 $238,750 (6.1%) $270,211 (10.7%) 0.76 568
2019-11-01 $239,950 (4.9%) $267,764 (8.0%) 0.77 594
2019-12-01 $240,248 (4.5%) $265,229 (8.2%) 0.80 579
2020-01-01 $231,700 (1.1%) $258,930 (5.5%) 0.77 581
2020-02-01 $239,900 (3.5%) $266,651 (6.0%) 0.77 529
2020-03-01 $249,450 (7.7%) $277,774 (10.2%) 0.78 477
2020-04-01 $249,750 (7.5%) $276,462 (9.1%) 0.78 465
2020-05-01 $249,500 (7.8%) $275,709 (7.0%) 0.76 377
2020-06-01 $240,950 (3.4%) $274,763 (5.9%) 0.70 288
2020-07-01 $254,500 (8.6%) $293,608 (11.2%) 0.73 225
2020-08-01 $258,525 (11.1%) $304,547 (15.2%) 0.74 195
2020-09-01 $248,900 (6.5%) $314,108 (19.1%) 0.71 192
2020-10-01 $239,900 (0.5%) $300,704 (11.3%) 0.69 201
2020-11-01 $252,450 (5.2%) $312,572 (16.7%) 0.72 190
2020-12-01 $245,450 (2.2%) $307,081 (15.8%) 0.72 187
2021-01-01 $255,900 (10.4%) $310,566 (19.9%) 0.75 158
2021-02-01 $256,275 (6.8%) $306,767 (15.0%) 0.74 158
2021-03-01 $267,400 (7.2%) $308,484 (11.1%) 0.75 153
2021-04-01 $274,950 (10.1%) $328,265 (18.7%) 0.74 136
2021-05-01 $287,000 (15.0%) $338,809 (22.9%) 0.76 127
2021-06-01 $295,000 (22.4%) $334,534 (21.8%) 0.77 145
2021-07-01 $292,450 (14.9%) $330,059 (12.4%) 0.76 189
2021-08-01 $279,900 (8.3%) $320,891 (5.4%) 0.74 207
2021-09-01 $279,000 (12.1%) $316,353 (0.7%) 0.73 206
2021-10-01 $289,000 (20.5%) $338,378 (12.5%) 0.76 187
2021-11-01 $287,500 (13.9%) $338,221 (8.2%) 0.76 178
2021-12-01 $283,500 (15.5%) $340,911 (11.0%) 0.76 164
2022-01-01 $299,000 (16.8%) $348,580 (12.2%) 0.80 156
2022-02-01 $299,950 (17.0%) $350,131 (14.1%) 0.76 160
2022-03-01 $312,500 (16.9%) $351,891 (14.1%) 0.77 150
2022-04-01 $329,000 (19.7%) $374,139 (14.0%) 0.77 177
Yuma's median listing price for 2022-04-01 was $329,000, a difference of $54,050 (19.7%) versus the prior year and $16,500 versus the prior month.

Yuma's median listing price comes in at 77% of the national average.

Yuma's average listing price for 2022-04-01 was $374,139, a difference of $45,874 (14.0%) versus the prior year and $22,248 versus the prior month.

For the 2022-04-01 period, Yuma had 177 MLS listings, a difference of 27 listings (18%) versus the prior month and 41 listings (30%) 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 1,644 sqft
2018-02-01 82 days 1,647 sqft
2018-03-01 72 days 1,656 sqft
2018-04-01 67 days 1,674 sqft
2018-05-01 74 days 1,734 sqft
2018-06-01 71 days 1,733 sqft
2018-07-01 73 days 1,732 sqft
2018-08-01 74 days 1,738 sqft
2018-09-01 64 days 1,725 sqft
2018-10-01 61 days 1,719 sqft
2018-11-01 66 days 1,714 sqft
2018-12-01 73 days 1,735 sqft
2019-01-01 79 days 1,750 sqft
2019-02-01 79 days 1,745 sqft
2019-03-01 67 days 1,717 sqft
2019-04-01 66 days 1,700 sqft
2019-05-01 67 days 1,700 sqft
2019-06-01 73 days 1,699 sqft
2019-07-01 82 days 1,722 sqft
2019-08-01 74 days 1,704 sqft
2019-09-01 66 days 1,692 sqft
2019-10-01 51 days 1,716 sqft
2019-11-01 56 days 1,699 sqft
2019-12-01 68 days 1,699 sqft
2020-01-01 73 days 1,687 sqft
2020-02-01 74 days 1,715 sqft
2020-03-01 60 days 1,756 sqft
2020-04-01 60 days 1,728 sqft
2020-05-01 65 days 1,693 sqft
2020-06-01 74 days 1,630 sqft
2020-07-01 60 days 1,687 sqft
2020-08-01 42 days 1,686 sqft
2020-09-01 31 days 1,632 sqft
2020-10-01 28 days 1,606 sqft
2020-11-01 36 days 1,606 sqft
2020-12-01 43 days 1,606 sqft
2021-01-01 49 days 1,606 sqft
2021-02-01 32 days 1,606 sqft
2021-03-01 29 days 1,644 sqft
2021-04-01 32 days 1,758 sqft
2021-05-01 31 days 1,727 sqft
2021-06-01 28 days 1,720 sqft
2021-07-01 29 days 1,624 sqft
2021-08-01 31 days 1,604 sqft
2021-09-01 39 days 1,574 sqft
2021-10-01 39 days 1,568 sqft
2021-11-01 35 days 1,560 sqft
2021-12-01 37 days 1,543 sqft
2022-01-01 31 days 1,606 sqft
2022-02-01 20 days 1,607 sqft
2022-03-01 20 days 1,657 sqft
2022-04-01 21 days 1,728 sqft
Yuma's median listing age (time on market) for 2022-04-01 was 21 days. This is -34% shorter than the same period one year ago.

Yuma's median square footage for active listings during the 2022-04-01 period was 1,728 sqft. One year prior, the average listing was 1,758 sqft.