Albany USDA Loan Rates, Closing Costs & Stats

ALBANY-LEBANON, OR

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.

Albany's 23 lenders originated 39 USDA loans during 2022. The total origination value was $11,675,000, with an average USDA loan value of $299,359.

Albany USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Albany averaged -0.36% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

Albany's average USDA mortgage closing costs are $7,133.

The average rate for the prior week (2023-11-17) was 6.73% and one month ago for the week of 2023-10-20, the average rate was 7.35%.

The average rate one year ago was 5.99%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.57%.

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

Albany 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 Albany level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
CALIBER HOME LOANS, INC. 8 4.63% $8,393
HOME POINT FINANCIAL CORPORATION 4 4.09% $8,478
DIRECTORS MORTGAGE, INC. 2 3.19% $10,083
CROSSCOUNTRY MORTGAGE, LLC 2 4.56% $11,533
CMG MORTGAGE, INC. 2 3.19% $9,825
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.56% $10,621
Willamette Valley Bank 2 4.06% $9,816
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.50% $7,964
Hometown Lenders, Inc. 1 5.63% $8,417
LOANDEPOT.COM, LLC 1 4.88% $13,071
MANN FINANCIAL INC. 1 5.63% $8,238
PENNYMAC LOAN SERVICES, LLC 1 3.38% $7,003
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.00% $3,813
Sierra Pacific Mortgage Company, Inc. 1 2.75% $9,785
SUMMIT FUNDING, INC. 1 3.50% $8,332
Waterstone Mortgage Corporation 1 4.50% $8,685
GENEVA FINANCIAL, LLC 1 4.00% $9,027
Century Mortgage Company DBA Century Lending Company 1 3.25% $10,742
CHERRY CREEK MORTGAGE, LLC 1 4.13% $2,535
DAS Acquisition Company, LLC 1 6.63% $15,329
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 4.75% $8,135
FINANCE OF AMERICA MORTGAGE LLC 1 6.13% $14,385
ACADEMY MORTGAGE CORPORATION 1 6.25% $5,712

The top Albany USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 8 USDA loans originated. Their average total fees are $8,393, which is $86 lower than the next largest lender, HOME POINT FINANCIAL CORPORATION.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Albany (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 $319,900 (39.4%) $361,933 (24.1%) 0.00 294
2018-02-01 $325,450 (32.9%) $361,111 (19.2%) 0.00 244
2018-03-01 $332,900 (31.3%) $359,696 (16.6%) 0.00 252
2018-04-01 $341,200 (31.3%) $375,648 (20.6%) 0.00 251
2018-05-01 $343,125 (29.5%) $404,665 (29.4%) 0.00 277
2018-06-01 $349,950 (30.7%) $398,908 (28.3%) 0.00 313
2018-07-01 $347,488 (15.8%) $394,100 (12.1%) 0.00 344
2018-08-01 $343,000 (10.7%) $389,614 (9.9%) 0.00 376
2018-09-01 $348,975 (12.6%) $395,467 (12.3%) 0.00 348
2018-10-01 $345,988 (9.6%) $401,148 (11.0%) 0.00 349
2018-11-01 $341,950 (5.1%) $398,965 (8.4%) 0.00 340
2018-12-01 $334,900 (4.7%) $397,559 (10.7%) 0.00 341
2019-01-01 $328,800 (2.8%) $407,221 (12.5%) 0.00 301
2019-02-01 $330,445 (1.5%) $430,187 (19.1%) 0.00 285
2019-03-01 $340,621 (2.3%) $432,416 (20.2%) 0.00 283
2019-04-01 $348,625 (2.2%) $437,454 (16.5%) 0.00 273
2019-05-01 $349,950 (2.0%) $432,470 (6.9%) 0.00 295
2019-06-01 $349,900 (0.0%) $427,421 (7.2%) 0.00 324
2019-07-01 $339,900 (-2.2%) $417,556 (6.0%) 0.00 337
2019-08-01 $335,691 (-2.1%) $404,808 (3.9%) 0.00 363
2019-09-01 $329,677 (-5.5%) $403,018 (1.9%) 0.00 363
2019-10-01 $328,168 (-5.2%) $408,626 (1.9%) 0.00 345
2019-11-01 $322,900 (-5.6%) $405,677 (1.7%) 0.00 312
2019-12-01 $329,450 (-1.6%) $404,294 (1.7%) 0.00 299
2020-01-01 $339,900 (3.4%) $430,022 (5.6%) 0.00 259
2020-02-01 $339,250 (2.7%) $432,102 (0.5%) 0.00 239
2020-03-01 $336,700 (-1.2%) $413,537 (-4.4%) 0.00 213
2020-04-01 $347,200 (-0.4%) $417,010 (-4.7%) 0.00 254
2020-05-01 $349,900 (0.0%) $426,478 (-1.4%) 0.00 227
2020-06-01 $366,196 (4.7%) $467,308 (9.3%) 0.00 179
2020-07-01 $373,900 (10.0%) $449,845 (7.7%) 0.00 186
2020-08-01 $386,450 (15.1%) $467,502 (15.5%) 0.00 166
2020-09-01 $381,163 (15.6%) $485,820 (20.6%) 0.00 139
2020-10-01 $374,900 (14.2%) $480,999 (17.7%) 0.00 148
2020-11-01 $388,850 (20.4%) $514,382 (26.8%) 0.00 122
2020-12-01 $391,950 (19.0%) $522,329 (29.2%) 0.00 112
2021-01-01 $391,900 (15.3%) $494,769 (15.1%) 0.00 103
2021-02-01 $340,450 (0.4%) $445,596 (3.1%) 0.00 105
2021-03-01 $316,250 (-6.1%) $442,278 (7.0%) 0.00 105
2021-04-01 $332,375 (-4.3%) $480,934 (15.3%) 0.00 109
2021-05-01 $395,000 (12.9%) $523,588 (22.8%) 0.00 111
2021-06-01 $410,725 (12.2%) $509,679 (9.1%) 0.00 124
2021-07-01 $399,900 (7.0%) $509,222 (13.2%) 0.00 136
2021-08-01 $404,900 (4.8%) $493,923 (5.7%) 0.00 170
2021-09-01 $399,500 (4.8%) $471,002 (-3.1%) 0.00 186
2021-10-01 $419,900 (12.0%) $494,554 (2.8%) 0.00 193
2021-11-01 $422,863 (8.8%) $534,419 (3.9%) 0.00 175
2021-12-01 $418,725 (6.8%) $528,174 (1.1%) 0.00 150
2022-01-01 $423,925 (8.2%) $541,167 (9.4%) 0.00 111
2022-02-01 $419,450 (23.2%) $558,216 (25.3%) 0.00 105
2022-03-01 $430,000 (36.0%) $573,662 (29.7%) 0.00 105
2022-04-01 $440,000 (32.4%) $598,142 (24.4%) 0.00 117
2022-05-01 $420,900 (6.6%) $579,693 (10.7%) 0.00 160
2022-06-01 $419,900 (2.2%) $571,270 (12.1%) 0.00 191
2022-07-01 $425,000 (6.3%) $573,708 (12.7%) 0.00 258
2022-08-01 $428,550 (5.8%) $572,079 (15.8%) 0.00 272
2022-09-01 $424,900 (6.4%) $551,487 (17.1%) 0.00 280
2022-10-01 $436,000 (3.8%) $572,855 (15.8%) 0.00 275
2022-11-01 $438,475 (3.7%) $569,117 (6.5%) 0.00 269
2022-12-01 $422,450 (0.9%) $548,943 (3.9%) 0.00 275
2023-01-01 $419,900 (-1.0%) $534,089 (-1.3%) 0.00 244
2023-02-01 $424,950 (1.3%) $535,001 (-4.2%) 0.00 219
2023-03-01 $422,450 (-1.8%) $542,929 (-5.4%) 0.00 204
2023-04-01 $419,950 (-4.6%) $541,760 (-9.4%) 0.00 187
2023-05-01 $429,450 (2.0%) $568,014 (-2.0%) 0.00 202
2023-06-01 $462,000 (10.0%) $598,041 (4.7%) 0.00 215
2023-07-01 $449,900 (5.9%) $607,520 (5.9%) 0.00 237
2023-08-01 $449,950 (5.0%) $622,812 (8.9%) 0.00 252
2023-09-01 $469,900 (10.6%) $613,186 (11.2%) 0.00 270
2023-10-01 $469,950 (7.8%) $619,877 (8.2%) 0.00 262
Albany's median listing price for 2023-10-01 was $469,950, a difference of $33,950 (7.8%) versus the prior year and $50 versus the prior month.

Albany's median listing price comes in at 0% of the national average.

Albany's average listing price for 2023-10-01 was $619,877, a difference of $47,022 (8.2%) versus the prior year and $6,691 versus the prior month.

For the 2023-10-01 period, Albany had 262 MLS listings, a difference of -8 listings (-3%) versus the prior month and -13 listings (-5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Albany (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,897 sqft
2018-02-01 0 days 1,897 sqft
2018-03-01 0 days 1,871 sqft
2018-04-01 0 days 1,854 sqft
2018-05-01 0 days 1,853 sqft
2018-06-01 0 days 1,857 sqft
2018-07-01 0 days 1,858 sqft
2018-08-01 0 days 1,863 sqft
2018-09-01 0 days 1,870 sqft
2018-10-01 0 days 1,844 sqft
2018-11-01 0 days 1,837 sqft
2018-12-01 0 days 1,821 sqft
2019-01-01 0 days 1,819 sqft
2019-02-01 0 days 1,839 sqft
2019-03-01 0 days 1,813 sqft
2019-04-01 0 days 1,794 sqft
2019-05-01 0 days 1,810 sqft
2019-06-01 0 days 1,831 sqft
2019-07-01 0 days 1,782 sqft
2019-08-01 0 days 1,728 sqft
2019-09-01 0 days 1,735 sqft
2019-10-01 0 days 1,748 sqft
2019-11-01 0 days 1,720 sqft
2019-12-01 0 days 1,722 sqft
2020-01-01 0 days 1,842 sqft
2020-02-01 0 days 1,805 sqft
2020-03-01 0 days 1,731 sqft
2020-04-01 0 days 1,795 sqft
2020-05-01 0 days 1,771 sqft
2020-06-01 0 days 1,906 sqft
2020-07-01 0 days 1,885 sqft
2020-08-01 0 days 1,998 sqft
2020-09-01 0 days 1,863 sqft
2020-10-01 0 days 1,845 sqft
2020-11-01 0 days 1,776 sqft
2020-12-01 0 days 1,759 sqft
2021-01-01 0 days 1,756 sqft
2021-02-01 0 days 1,603 sqft
2021-03-01 0 days 1,542 sqft
2021-04-01 0 days 1,462 sqft
2021-05-01 0 days 1,722 sqft
2021-06-01 0 days 1,709 sqft
2021-07-01 0 days 1,672 sqft
2021-08-01 0 days 1,711 sqft
2021-09-01 0 days 1,644 sqft
2021-10-01 0 days 1,681 sqft
2021-11-01 0 days 1,748 sqft
2021-12-01 0 days 1,701 sqft
2022-01-01 0 days 1,673 sqft
2022-02-01 0 days 1,671 sqft
2022-03-01 0 days 1,682 sqft
2022-04-01 0 days 1,673 sqft
2022-05-01 0 days 1,663 sqft
2022-06-01 0 days 1,652 sqft
2022-07-01 0 days 1,675 sqft
2022-08-01 0 days 1,647 sqft
2022-09-01 0 days 1,623 sqft
2022-10-01 0 days 1,649 sqft
2022-11-01 0 days 1,652 sqft
2022-12-01 0 days 1,645 sqft
2023-01-01 0 days 1,648 sqft
2023-02-01 0 days 1,660 sqft
2023-03-01 0 days 1,678 sqft
2023-04-01 0 days 1,680 sqft
2023-05-01 0 days 1,688 sqft
2023-06-01 0 days 1,722 sqft
2023-07-01 0 days 1,680 sqft
2023-08-01 0 days 1,734 sqft
2023-09-01 0 days 1,800 sqft
2023-10-01 0 days 1,820 sqft
Albany's median listing age (time on market) for 2023-10-01 was 0 days.

Albany's median square footage for active listings during the 2023-10-01 period was 1,820 sqft. One year prior, the average listing was 1,649 sqft.