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 6.53% for the week of 2024-07-12, compared to the national average (all USDA variants) of 6.672% for the same period.

Nevada's average USDA mortgage closing costs are $7,262.

The average rate for the prior week (2024-07-05) was 6.29% and one month ago for the week of 2024-06-07, the average rate was 6.46%.

The average rate one year ago was 6.34%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.77%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CROSSCOUNTRY MORTGAGE, LLC 8 6.18% $11,619
UNITED WHOLESALE MORTGAGE, LLC 5 5.55% $9,917
GUILD MORTGAGE COMPANY 5 6.03% $10,510
GUARANTEED RATE, INC. 3 5.80% $8,253
DHI MORTGAGE COMPANY, LTD. 3 5.92% $9,915
GREATER NEVADA LLC 3 6.75% $8,529
SECURITYNATIONAL MORTGAGE COMPANY 2 6.13% $10,478
ISERVE RESIDENTIAL LENDING, LLC 2 6.31% $7,574
LEADERONE FINANCIAL CORPORATION 1 6.50% $4,150
NEWREZ LLC 1 5.75% $12,710
NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.25% $2,620
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.00% $7,703
Paramount Residential Mortgage Group, Inc. 1 7.13% $14,463
Plains Commerce Bank 1 5.13% $8,572
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $13,260
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $13,048
UNION HOME MORTGAGE CORP. 1 7.75% $9,593
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.88% $8,192
VAN DYK MORTGAGE CORPORATION 1 6.13% $8,719
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.38% $9,319
CALIBER HOME LOANS, INC. 1 5.75% $8,305
CASTLE & COOKE MORTGAGE, LLC 1 6.25% $10,914
Century Mortgage Company DBA Century Lending Company 1 6.13% $11,680
DRAPER AND KRAMER MORTGAGE CORP. 1 6.13% $9,959
FBC MORTGAGE, LLC 1 5.49% $16,603
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $6,835

The top Nevada USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 8 USDA loans originated. Their average total fees are $11,619, which is $1,703 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Nevada USDA lenders (with over 10 loans originated) are .

The lowest rate Nevada USDA lenders (with over 10 loans originated) are .