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 6.39% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Nevada's average USDA mortgage closing costs are $7,179.

The average rate for the prior week (2024-02-23) was 6.24% and one month ago for the week of 2024-01-26, the average rate was 6%.

The average rate one year ago was 5.96%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.38%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
GUILD MORTGAGE COMPANY 14 4.58% $11,056
BROKER SOLUTIONS, INC. 12 5.02% $10,405
HOME POINT FINANCIAL CORPORATION 7 3.64% $6,884
UNITED WHOLESALE MORTGAGE, LLC 6 4.86% $9,907
SUMMIT FUNDING, INC. 5 4.55% $10,239
GREATER NEVADA LLC 5 4.15% $7,455
FIRST COLONY MORTGAGE CORPORATION 5 4.90% $6,871
FINANCE OF AMERICA MORTGAGE LLC 5 5.63% $10,977
MOVEMENT MORTGAGE, LLC 4 4.56% $8,253
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 4.72% $9,050
ACADEMY MORTGAGE CORPORATION 3 5.17% $10,226
CITYWIDE HOME LOANS, LLC 3 3.96% $8,661
CMG MORTGAGE, INC. 3 4.46% $7,678
DATA MORTGAGE, INC. 3 5.79% $7,048
GUARANTEED RATE, INC. 3 3.93% $8,764
ISERVE RESIDENTIAL LENDING, LLC 3 5.46% $6,746
NOVA FINANCIAL & INVESTMENT CORPORATION 3 4.92% $7,270
PACIFIC RESIDENTIAL MORTGAGE, LLC 3 5.54% $7,643
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.63% $7,229
SECURITYNATIONAL MORTGAGE COMPANY 2 5.13% $9,983
LOANDEPOT.COM, LLC 2 5.69% $7,428
PENNYMAC LOAN SERVICES, LLC 2 3.24% $4,910
CROSSCOUNTRY MORTGAGE, LLC 2 5.56% $13,833
CARDINAL FINANCIAL 2 5.75% $10,129
INTERCAP LENDING INC. 1 3.99% $8,348
U.S. Bank 1 4.25% $7,535
Loan Simple, Inc. 1 4.38% $7,076
MICHIGAN MUTUAL, INC. 1 6.13% $7,431
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.00% $11,518
Northpointe Bank 1 3.13% $6,423
VILLAGE CAPITAL MORTGAGE 1 3.25% $7,749
Willamette Valley Bank 1 3.00% $7,494
Sierra Pacific Mortgage Company, Inc. 1 3.63% $7,299
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.25% $8,550
SUN AMERICAN MORTGAGE COMPANY 1 5.63% $5,423
UNITED 1 3.50% $7,160
DHI MORTGAGE COMPANY, LTD. 1 2.63% $8,529
East Coast Capital Corp. 1 3.75% $7,013
Century Mortgage Company DBA Century Lending Company 1 4.50% $10,807
First Guaranty Mortgage Corporation 1 3.75% $7,013
CALIBER HOME LOANS, INC. 1 4.13% $9,216
AMERICAN FINANCING CORPORATION 1 4.50% $7,736
AXIA FINANCIAL, LLC 1 5.63% $4,251
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.88% $7,053

The top Nevada USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 14 USDA loans originated. Their average total fees are $11,056, which is $651 higher than the next largest lender, BROKER SOLUTIONS, INC..

The lowest fee Nevada USDA lenders (with over 10 loans originated) are BROKER SOLUTIONS, INC. ($10,405), GUILD MORTGAGE COMPANY ($11,056), .

The lowest rate Nevada USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (4.58%), BROKER SOLUTIONS, INC. (5.02%), .