Nevada USDA Loan Rates, Closing Costs & Stats

Nevada

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.

Nevada USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Nevada averaged 6.8% for the week of 2023-03-17, compared to the national average (all USDA variants) of 6.497% for the same period.

Nevada's average USDA mortgage closing costs are $7,041.

The average rate for the prior week (2023-03-10) was 6.61% and one month ago for the week of 2023-02-10, the average rate was 6.48%.

The average rate one year ago was 4.27%.

For refis of the same type during the week of 2023-03-17, the average rate was 6.08%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Nevada 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 Nevada level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
GUILD MORTGAGE COMPANY 67 3.02% $8,922
BROKER SOLUTIONS, INC. 36 3.26% $7,081
GREATER NEVADA LLC 23 3.19% $8,230
SECURITYNATIONAL MORTGAGE COMPANY 22 2.57% $7,084
GUARANTEED RATE, INC. 19 3.11% $7,481
HOME POINT FINANCIAL CORPORATION 15 2.72% $7,278
MOVEMENT MORTGAGE, LLC 11 2.63% $6,415
SUMMIT FUNDING, INC. 11 3.13% $8,079
FBC MORTGAGE, LLC 11 3.01% $8,073
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 2.94% $9,038
CITYWIDE HOME LOANS, LLC 7 3.00% $8,238
FINANCE OF AMERICA MORTGAGE LLC 7 2.88% $7,630
UNITED WHOLESALE MORTGAGE, LLC 6 2.82% $6,825
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 3.25% $7,591
FIRST COLONY MORTGAGE CORPORATION 6 2.73% $4,912
DATA MORTGAGE, INC. 5 3.20% $4,985
PENNYMAC LOAN SERVICES, LLC 5 2.90% $5,571
ISERVE RESIDENTIAL LENDING, LLC 5 2.83% $9,569
SWBC MORTGAGE CORPORATION 4 3.19% $6,047
AXIA FINANCIAL, LLC 4 2.97% $7,307
AMERICAN FINANCIAL NETWORK, INC. 4 3.25% $8,410
CMG MORTGAGE, INC. 3 3.08% $8,109
CELEBRITY HOME LOANS, LLC 3 3.25% $9,170
CROSSCOUNTRY MORTGAGE, LLC 3 3.29% $8,184
Flagstar Bank, FSB 3 2.83% $7,387
Loan Simple, Inc. 3 3.13% $8,091
LOANDEPOT.COM, LLC 2 3.56% $6,691
Sierra Pacific Mortgage Company, Inc. 2 2.94% $6,620
BAY EQUITY LLC 2 2.75% $7,963
Northpointe Bank 2 2.81% $7,089
Colten Mortgage, LLC 2 3.00% $6,023
MANN FINANCIAL INC. 2 2.94% $12,025
ALAMEDA MORTGAGE CORPORATION 2 3.00% $8,362
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 2.88% $8,235
ALL WESTERN MORTGAGE, INC. 2 3.06% $7,280
Wells Fargo Bank 2 2.75% $5,159
Wolfe Financial, Inc 2 2.44% $7,015
CALIBER HOME LOANS, INC. 2 2.56% $7,115
Umpqua Bank 1 2.50% $4,761
UNITED 1 3.13% $8,175
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.00% $6,013
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.25% $6,889
Hometown Lenders, Inc. 1 3.25% $7,099
LENDUS, LLC 1 2.75% $9,349
Zions Bancorporation, N.A. 1 2.75% $4,572
NEWREZ LLC 1 2.63% $6,721
Paramount Residential Mortgage Group, Inc. 1 3.38% $7,128
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.75% $7,789
PREMIER MORTGAGE RESOURCES, L.L.C. 1 3.13% $7,276
Cache Valley Bank 1 2.75% $4,986
SUN WEST MORTGAGE COMPANY, INC. 1 3.11% $7,864
AMERICAN FINANCIAL RESOURCES, INC. 1 2.88% $8,123
SYNERGY HOME MORTGAGE, LLC 1 3.25% $8,789

The top Nevada USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 67 USDA loans originated. Their average total fees are $8,922, which is $1,841 higher than the next largest lender, BROKER SOLUTIONS, INC..

The lowest fee Nevada USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($6,415), BROKER SOLUTIONS, INC. ($7,081), SECURITYNATIONAL MORTGAGE COMPANY ($7,084), HOME POINT FINANCIAL CORPORATION ($7,278) and GUARANTEED RATE, INC. ($7,481).

The lowest rate Nevada USDA lenders (with over 10 loans originated) are SECURITYNATIONAL MORTGAGE COMPANY (2.57%), MOVEMENT MORTGAGE, LLC (2.63%), HOME POINT FINANCIAL CORPORATION (2.72%), FBC MORTGAGE, LLC (3.01%) and GUILD MORTGAGE COMPANY (3.02%).