Albany USDA Loan Rates, Closing Costs & Stats

ALBANY-LEBANON, OR

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    • 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.