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%.
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 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 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.