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 39 lenders originated 119 USDA loans during 2021. The total origination value was $33,785,000, with an average USDA loan value of $283,908.

Albany USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Albany averaged 6.55% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Albany's average USDA mortgage closing costs are $6,968.

The average rate for the prior week (2022-11-25) was 6.58% and one month ago for the week of 2022-10-28, the average rate was 6.66%.

The average rate one year ago was 3.55%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.23%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
CALIBER HOME LOANS, INC. 13 2.72% $7,058
MOVEMENT MORTGAGE, LLC 11 2.94% $6,896
SUMMIT FUNDING, INC. 10 3.10% $8,449
GENEVA FINANCIAL, LLC 7 2.86% $9,222
LOANDEPOT.COM, LLC 7 3.20% $6,758
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 3.15% $9,023
MANN FINANCIAL INC. 5 2.98% $6,065
Umpqua Bank 5 3.20% $7,044
Sierra Pacific Mortgage Company, Inc. 4 2.53% $8,042
ACADEMY MORTGAGE CORPORATION 4 2.94% $6,695
PACIFIC RESIDENTIAL MORTGAGE, LLC 4 3.03% $9,436
CROSSCOUNTRY MORTGAGE, LLC 3 2.96% $8,796
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.67% $6,603
FINANCE OF AMERICA MORTGAGE LLC 3 3.00% $6,498
Willamette Valley Bank 2 2.69% $7,681
AMERICAN FINANCIAL RESOURCES, INC. 2 3.50% $5,490
DIRECTORS MORTGAGE, INC. 2 2.63% $11,196
GUILD MORTGAGE COMPANY 2 2.94% $8,240
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.31% $5,676
Loan Simple, Inc. 2 2.69% $8,966
LPMC, LLC 2 2.81% $6,699
RANLIFE, INC. 2 2.62% $7,554
UNITED WHOLESALE MORTGAGE, LLC 1 2.68% $6,754
Wells Fargo Bank 1 2.88% $9,468
First Guaranty Mortgage Corporation 1 2.88% $4,725
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $5,412
NATIONS DIRECT MORTGAGE, LLC 1 2.75% $6,487
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 3.99% $9,388
PANORAMA MORTGAGE GROUP, LLC 1 3.25% $6,290
AMERICAN FINANCIAL NETWORK, INC. 1 2.88% $9,323
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $5,304
CMG MORTGAGE, INC. 1 2.25% $7,218
STEARNS LENDING, LLC 1 2.38% $9,824
Bank of England 1 3.25% $13,295
SWBC MORTGAGE CORPORATION 1 3.25% $7,809
Amerifirst Financial, Inc. 1 3.00% $6,983
HOME POINT FINANCIAL CORPORATION 1 2.38% $7,493
LAKEVIEW LOAN SERVICING, LLC 1 2.75% $5,595
Flagstar Bank, FSB 1 3.13% $7,914

The top Albany USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 13 USDA loans originated. Their average total fees are $7,058, which is $162 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Albany USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($6,896), CALIBER HOME LOANS, INC. ($7,058), SUMMIT FUNDING, INC. ($8,449), .

The lowest rate Albany USDA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. (2.72%), MOVEMENT MORTGAGE, LLC (2.94%), SUMMIT FUNDING, INC. (3.10%), .


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 (39.3%) $361,933 (24.1%) 0.00 294
2018-02-01 $325,450 (32.9%) $361,111 (19.1%) 0.00 244
2018-03-01 $332,900 (30.7%) $359,696 (16.5%) 0.00 252
2018-04-01 $341,200 (31.3%) $375,648 (20.6%) 0.00 251
2018-05-01 $343,125 (29.5%) $405,066 (29.4%) 0.00 277
2018-06-01 $349,950 (30.5%) $398,908 (28.2%) 0.00 313
2018-07-01 $347,500 (15.8%) $394,276 (12.1%) 0.00 345
2018-08-01 $346,925 (11.9%) $389,968 (10.0%) 0.00 379
2018-09-01 $349,900 (12.9%) $395,791 (12.4%) 0.00 351
2018-10-01 $347,988 (10.2%) $401,430 (11.1%) 0.00 352
2018-11-01 $343,250 (5.5%) $399,277 (8.5%) 0.00 343
2018-12-01 $334,900 (4.7%) $397,878 (10.8%) 0.00 344
2019-01-01 $329,500 (3.0%) $407,322 (12.5%) 0.00 302
2019-02-01 $331,423 (1.8%) $430,186 (19.1%) 0.00 286
2019-03-01 $340,943 (2.4%) $432,672 (20.3%) 0.00 284
2019-04-01 $349,000 (2.3%) $437,742 (16.5%) 0.00 273
2019-05-01 $349,950 (2.0%) $432,495 (6.8%) 0.00 296
2019-06-01 $349,900 (0.0%) $427,445 (7.2%) 0.00 325
2019-07-01 $339,700 (-2.2%) $417,040 (5.8%) 0.00 338
2019-08-01 $335,545 (-3.3%) $404,387 (3.7%) 0.00 364
2019-09-01 $329,614 (-5.8%) $402,623 (1.7%) 0.00 365
2019-10-01 $328,159 (-5.7%) $408,186 (1.7%) 0.00 347
2019-11-01 $322,900 (-5.9%) $405,270 (1.5%) 0.00 315
2019-12-01 $329,950 (-1.5%) $403,906 (1.5%) 0.00 302
2020-01-01 $339,900 (3.2%) $429,291 (5.4%) 0.00 262
2020-02-01 $339,500 (2.4%) $431,293 (0.3%) 0.00 242
2020-03-01 $337,300 (-1.1%) $412,880 (-4.6%) 0.00 216
2020-04-01 $347,850 (-0.3%) $416,421 (-4.9%) 0.00 257
2020-05-01 $349,900 (0.0%) $425,707 (-1.6%) 0.00 230
2020-06-01 $366,948 (4.9%) $465,715 (9.0%) 0.00 182
2020-07-01 $375,050 (10.4%) $448,546 (7.6%) 0.00 189
2020-08-01 $387,900 (15.6%) $465,830 (15.2%) 0.00 169
2020-09-01 $382,925 (16.2%) $483,372 (20.1%) 0.00 142
2020-10-01 $374,950 (14.3%) $478,805 (17.3%) 0.00 151
2020-11-01 $389,225 (20.5%) $510,884 (26.1%) 0.00 125
2020-12-01 $392,175 (18.9%) $518,368 (28.3%) 0.00 115
2021-01-01 $391,900 (15.3%) $491,182 (14.4%) 0.00 106
2021-02-01 $340,450 (0.3%) $443,375 (2.8%) 0.00 107
2021-03-01 $316,250 (-6.2%) $440,249 (6.6%) 0.00 107
2021-04-01 $332,375 (-4.5%) $478,191 (14.8%) 0.00 112
2021-05-01 $395,000 (12.9%) $519,751 (22.1%) 0.00 114
2021-06-01 $411,950 (12.3%) $506,718 (8.8%) 0.00 127
2021-07-01 $399,900 (6.6%) $506,072 (12.8%) 0.00 139
2021-08-01 $406,175 (4.7%) $491,759 (5.6%) 0.00 173
2021-09-01 $399,999 (4.5%) $469,332 (-2.9%) 0.00 189
2021-10-01 $419,900 (12.0%) $493,937 (3.2%) 0.00 196
2021-11-01 $425,313 (9.3%) $533,287 (4.4%) 0.00 178
2021-12-01 $421,425 (7.5%) $527,030 (1.7%) 0.00 153
2022-01-01 $424,900 (8.4%) $537,062 (9.3%) 0.00 114
2022-02-01 $417,450 (22.6%) $552,756 (24.7%) 0.00 108
2022-03-01 $428,700 (35.6%) $568,213 (29.1%) 0.00 108
2022-04-01 $435,000 (30.9%) $591,334 (23.7%) 0.00 120
2022-05-01 $420,900 (6.6%) $575,634 (10.8%) 0.00 162
2022-06-01 $419,700 (1.9%) $567,046 (11.9%) 0.00 191
2022-07-01 $424,900 (6.3%) $571,073 (12.8%) 0.00 258
2022-08-01 $426,700 (5.1%) $569,530 (15.8%) 0.00 273
2022-09-01 $424,150 (6.0%) $549,034 (17.0%) 0.00 281
2022-10-01 $433,900 (3.3%) $570,869 (15.6%) 0.00 278
2022-11-01 $435,500 (2.4%) $567,177 (6.4%) 0.00 269
Albany's median listing price for 2022-11-01 was $435,500, a difference of $10,187 (2.4%) versus the prior year and $1,600 versus the prior month.

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

Albany's average listing price for 2022-11-01 was $567,177, a difference of $33,890 (6.4%) versus the prior year and $-3,692 versus the prior month.

For the 2022-11-01 period, Albany had 269 MLS listings, a difference of -9 listings (-3%) versus the prior month and 91 listings (51%) 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 1,860 sqft
2018-08-01 0 days 1,864 sqft
2018-09-01 0 days 1,872 sqft
2018-10-01 0 days 1,846 sqft
2018-11-01 0 days 1,839 sqft
2018-12-01 0 days 1,821 sqft
2019-01-01 0 days 1,820 sqft
2019-02-01 0 days 1,839 sqft
2019-03-01 0 days 1,812 sqft
2019-04-01 0 days 1,793 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 1,742 sqft
2019-09-01 0 days 1,750 sqft
2019-10-01 0 days 1,758 sqft
2019-11-01 0 days 1,722 sqft
2019-12-01 0 days 1,733 sqft
2020-01-01 0 days 1,843 sqft
2020-02-01 0 days 1,810 sqft
2020-03-01 0 days 1,753 sqft
2020-04-01 0 days 1,808 sqft
2020-05-01 0 days 1,778 sqft
2020-06-01 0 days 1,899 sqft
2020-07-01 0 days 1,882 sqft
2020-08-01 0 days 1,992 sqft
2020-09-01 0 days 1,853 sqft
2020-10-01 0 days 1,845 sqft
2020-11-01 0 days 1,793 sqft
2020-12-01 0 days 1,776 sqft
2021-01-01 0 days 1,756 sqft
2021-02-01 0 days 1,630 sqft
2021-03-01 0 days 1,557 sqft
2021-04-01 0 days 1,487 sqft
2021-05-01 0 days 1,749 sqft
2021-06-01 0 days 1,733 sqft
2021-07-01 0 days 1,682 sqft
2021-08-01 0 days 1,729 sqft
2021-09-01 0 days 1,657 sqft
2021-10-01 0 days 1,690 sqft
2021-11-01 0 days 1,761 sqft
2021-12-01 0 days 1,713 sqft
2022-01-01 0 days 1,696 sqft
2022-02-01 0 days 1,691 sqft
2022-03-01 0 days 1,698 sqft
2022-04-01 0 days 1,674 sqft
2022-05-01 0 days 1,672 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 1,624 sqft
2022-10-01 0 days 1,652 sqft
2022-11-01 0 days 1,652 sqft
Albany's median listing age (time on market) for 2022-11-01 was 0 days.

Albany's median square footage for active listings during the 2022-11-01 period was 1,652 sqft. One year prior, the average listing was 1,761 sqft.