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 8 lenders originated 12 USDA loans during 2024. The total origination value was $3,880,000, with an average USDA loan value of $323,333.

    Albany USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Albany averaged 6.48% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

    Albany's average USDA mortgage closing costs are $7,414.

    The average rate for the prior week (2025-05-16) was 6.61% and one month ago for the week of 2025-04-18, the average rate was 6.5%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.01%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    NEWREZ LLC 4 5.69% $13,423
    SUMMIT FUNDING, INC. 2 5.13% $22,595
    Keystone Funding, Inc. 1 6.13% $10,669
    LPMC, LLC 1 5.99% $11,596
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $8,941
    Sierra Pacific Mortgage Company, Inc. 1 6.50% $9,831
    MORTGAGE EXPRESS, LLC 1 5.75% $17,056
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $9,546

    The top Albany USDA lender as defined by loan originations is NEWREZ LLC, with 4 USDA loans originated. Their average total fees are $13,423, which is $9,172 lower than the next largest lender, SUMMIT FUNDING, INC..

    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%) $361,950 (24.1%) 0.00 294
    2018-02-01 $325,450 (32.9%) $361,111 (19.1%) 0.00 244
    2018-03-01 $332,900 (31.3%) $359,696 (16.5%) 0.00 252
    2018-04-01 $341,200 (31.3%) $375,648 (20.5%) 0.00 251
    2018-05-01 $343,125 (29.5%) $404,665 (29.4%) 0.00 277
    2018-06-01 $349,950 (30.9%) $398,908 (28.3%) 0.00 313
    2018-07-01 $347,475 (15.8%) $394,020 (12.1%) 0.00 343
    2018-08-01 $341,188 (10.4%) $389,455 (9.9%) 0.00 375
    2018-09-01 $348,950 (12.6%) $395,316 (12.3%) 0.00 347
    2018-10-01 $344,625 (9.4%) $401,011 (11.0%) 0.00 348
    2018-11-01 $340,950 (4.9%) $398,816 (8.3%) 0.00 339
    2018-12-01 $334,900 (4.7%) $397,409 (10.6%) 0.00 340
    2019-01-01 $328,150 (2.6%) $407,085 (12.5%) 0.00 300
    2019-02-01 $330,198 (1.5%) $430,117 (19.1%) 0.00 284
    2019-03-01 $340,300 (2.2%) $432,355 (20.2%) 0.00 282
    2019-04-01 $347,875 (2.0%) $437,411 (16.4%) 0.00 272
    2019-05-01 $348,700 (1.6%) $432,413 (6.9%) 0.00 294
    2019-06-01 $349,900 (0.0%) $427,350 (7.1%) 0.00 323
    2019-07-01 $339,800 (-2.2%) $417,477 (6.0%) 0.00 336
    2019-08-01 $335,691 (-1.6%) $404,887 (4.0%) 0.00 363
    2019-09-01 $329,677 (-5.5%) $403,215 (2.0%) 0.00 364
    2019-10-01 $328,793 (-4.6%) $408,883 (2.0%) 0.00 346
    2019-11-01 $322,900 (-5.3%) $405,979 (1.8%) 0.00 313
    2019-12-01 $329,450 (-1.6%) $404,294 (1.7%) 0.00 299
    2020-01-01 $339,900 (3.6%) $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 (-1.1%) $413,537 (-4.4%) 0.00 213
    2020-04-01 $347,200 (-0.2%) $417,010 (-4.7%) 0.00 254
    2020-05-01 $349,900 (0.3%) $426,478 (-1.4%) 0.00 227
    2020-06-01 $366,449 (4.7%) $468,174 (9.6%) 0.00 177
    2020-07-01 $375,450 (10.5%) $450,484 (7.9%) 0.00 185
    2020-08-01 $387,900 (15.6%) $468,365 (15.7%) 0.00 165
    2020-09-01 $380,938 (15.6%) $486,111 (20.6%) 0.00 138
    2020-10-01 $374,900 (14.0%) $481,101 (17.7%) 0.00 147
    2020-11-01 $388,550 (20.3%) $514,776 (26.8%) 0.00 121
    2020-12-01 $389,675 (18.3%) $522,822 (29.3%) 0.00 111
    2021-01-01 $390,450 (14.9%) $495,050 (15.1%) 0.00 102
    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 (12.1%) $509,679 (8.9%) 0.00 124
    2021-07-01 $399,900 (6.5%) $509,222 (13.0%) 0.00 136
    2021-08-01 $404,900 (4.4%) $494,023 (5.5%) 0.00 169
    2021-09-01 $399,500 (4.9%) $471,002 (-3.1%) 0.00 186
    2021-10-01 $419,900 (12.0%) $494,813 (2.9%) 0.00 192
    2021-11-01 $420,000 (8.1%) $534,918 (3.9%) 0.00 174
    2021-12-01 $417,450 (7.1%) $528,473 (1.1%) 0.00 149
    2022-01-01 $423,925 (8.6%) $541,167 (9.3%) 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 $435,000 (30.9%) $594,974 (23.7%) 0.00 118
    2022-05-01 $420,900 (6.6%) $577,549 (10.3%) 0.00 160
    2022-06-01 $419,700 (2.2%) $569,441 (11.7%) 0.00 191
    2022-07-01 $425,000 (6.3%) $572,486 (12.4%) 0.00 258
    2022-08-01 $428,550 (5.8%) $572,079 (15.8%) 0.00 272
    2022-09-01 $424,900 (6.4%) $551,494 (17.1%) 0.00 280
    2022-10-01 $434,900 (3.6%) $573,367 (15.9%) 0.00 275
    2022-11-01 $437,125 (4.1%) $570,063 (6.6%) 0.00 267
    2022-12-01 $420,000 (0.6%) $549,349 (4.0%) 0.00 273
    2023-01-01 $419,675 (-1.0%) $534,089 (-1.3%) 0.00 244
    2023-02-01 $424,950 (1.3%) $535,001 (-4.2%) 0.00 218
    2023-03-01 $421,200 (-2.1%) $542,888 (-5.4%) 0.00 203
    2023-04-01 $419,950 (-3.5%) $541,760 (-8.9%) 0.00 187
    2023-05-01 $429,450 (2.0%) $568,014 (-1.7%) 0.00 202
    2023-06-01 $462,000 (10.1%) $598,041 (5.0%) 0.00 215
    2023-07-01 $449,900 (5.9%) $607,520 (6.1%) 0.00 237
    2023-08-01 $449,925 (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 (8.1%) $619,877 (8.1%) 0.00 262
    2023-11-01 $472,200 (8.0%) $610,048 (7.0%) 0.00 263
    2023-12-01 $469,000 (11.7%) $618,012 (12.5%) 0.00 230
    2024-01-01 $454,900 (8.4%) $578,977 (8.4%) 0.00 230
    2024-02-01 $464,900 (9.4%) $577,733 (8.0%) 0.00 216
    2024-03-01 $464,999 (10.4%) $593,502 (9.3%) 0.00 212
    2024-04-01 $465,600 (10.9%) $593,728 (9.6%) 0.00 230
    2024-05-01 $489,950 (14.1%) $615,305 (8.3%) 0.00 255
    2024-06-01 $482,400 (4.4%) $609,471 (1.9%) 0.00 285
    2024-07-01 $459,900 (2.2%) $594,204 (-2.2%) 0.00 303
    2024-08-01 $449,900 (0.0%) $575,111 (-7.7%) 0.00 333
    2024-09-01 $449,900 (-4.3%) $565,964 (-7.7%) 0.00 342
    2024-10-01 $446,175 (-5.1%) $565,371 (-8.8%) 0.00 325
    2024-11-01 $442,000 (-6.4%) $558,497 (-8.5%) 0.00 294
    2024-12-01 $457,500 (-2.5%) $571,578 (-7.5%) 0.00 263
    2025-01-01 $455,948 (0.2%) $560,288 (-3.2%) 0.00 262
    2025-02-01 $468,375 (0.8%) $559,599 (-3.1%) 0.00 254
    2025-03-01 $452,500 (-2.7%) $559,321 (-5.8%) 0.00 249
    2025-04-01 $482,450 (3.6%) $558,789 (-5.9%) 0.00 266
    Albany's median listing price for 2025-04-01 was $482,450, a difference of $16,850 (3.6%) versus the prior year and $29,950 versus the prior month.

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

    Albany's average listing price for 2025-04-01 was $558,789, a difference of $-34,939 (-5.9%) versus the prior year and $-532 versus the prior month.

    For the 2025-04-01 period, Albany had 266 MLS listings, a difference of 17 listings (7%) versus the prior month and 36 listings (16%) 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 1,857 sqft
    2018-08-01 0 days 1,861 sqft
    2018-09-01 0 days 1,870 sqft
    2018-10-01 0 days 1,842 sqft
    2018-11-01 0 days 1,836 sqft
    2018-12-01 0 days 1,819 sqft
    2019-01-01 0 days 1,815 sqft
    2019-02-01 0 days 1,838 sqft
    2019-03-01 0 days 1,811 sqft
    2019-04-01 0 days 1,792 sqft
    2019-05-01 0 days 1,810 sqft
    2019-06-01 0 days 1,827 sqft
    2019-07-01 0 days 1,782 sqft
    2019-08-01 0 days 1,735 sqft
    2019-09-01 0 days 1,742 sqft
    2019-10-01 0 days 1,753 sqft
    2019-11-01 0 days 1,722 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 1,892 sqft
    2020-07-01 0 days 1,882 sqft
    2020-08-01 0 days 1,992 sqft
    2020-09-01 0 days 1,850 sqft
    2020-10-01 0 days 1,845 sqft
    2020-11-01 0 days 1,763 sqft
    2020-12-01 0 days 1,756 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 1,715 sqft
    2021-09-01 0 days 1,644 sqft
    2021-10-01 0 days 1,688 sqft
    2021-11-01 0 days 1,752 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 1,657 sqft
    2022-05-01 0 days 1,660 sqft
    2022-06-01 0 days 1,652 sqft
    2022-07-01 0 days 1,660 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 1,686 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
    2023-11-01 0 days 1,770 sqft
    2023-12-01 0 days 1,732 sqft
    2024-01-01 0 days 1,744 sqft
    2024-02-01 0 days 1,711 sqft
    2024-03-01 0 days 1,716 sqft
    2024-04-01 0 days 1,690 sqft
    2024-05-01 0 days 1,697 sqft
    2024-06-01 0 days 1,744 sqft
    2024-07-01 0 days 1,687 sqft
    2024-08-01 0 days 1,658 sqft
    2024-09-01 0 days 1,656 sqft
    2024-10-01 0 days 1,672 sqft
    2024-11-01 0 days 1,675 sqft
    2024-12-01 0 days 1,735 sqft
    2025-01-01 0 days 1,702 sqft
    2025-02-01 0 days 1,712 sqft
    2025-03-01 0 days 1,689 sqft
    2025-04-01 0 days 1,753 sqft
    Albany's median listing age (time on market) for 2025-04-01 was 0 days.

    Albany's median square footage for active listings during the 2025-04-01 period was 1,753 sqft. One year prior, the average listing was 1,690 sqft.