Yuma USDA Loans

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 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.