Albany USDA Loan Rates, Closing Costs & Stats

ALBANY-LEBANON, OR

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 13 USDA loans during 2023. The total origination value was $4,105,000, with an average USDA loan value of $315,769.

    Albany USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Albany averaged 6.7% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Albany's average USDA mortgage closing costs are $7,260.

    The average rate for the prior week (2024-04-12) was 6.46% and one month ago for the week of 2024-03-15, the average rate was 6.64%.

    The average rate one year ago was 6.38%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 3 5.35% $10,479
    CROSSCOUNTRY MORTGAGE, LLC 2 5.88% $12,172
    MOVEMENT MORTGAGE, LLC 2 6.50% $12,916
    DAS Acquisition Company, LLC 1 5.25% $8,421
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.25% $15,282
    PLAZA HOME MORTGAGE, INC. 1 6.13% $11,340
    RELIANCE FIRST CAPITAL, LLC 1 6.13% $12,225
    Century Mortgage Company DBA Century Lending Company 1 4.99% $20,808

    The top Albany USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 3 USDA loans originated. Their average total fees are $10,479, which is $1,692 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    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 (39.3%) $361,950 (24.0%) 0.00 294
    2018-02-01 $325,450 (32.9%) $361,111 (18.9%) 0.00 244
    2018-03-01 $332,900 (30.7%) $359,696 (16.4%) 0.00 252
    2018-04-01 $341,200 (31.3%) $375,648 (20.4%) 0.00 251
    2018-05-01 $343,125 (29.5%) $404,665 (29.3%) 0.00 277
    2018-06-01 $349,950 (30.7%) $398,908 (28.3%) 0.00 313
    2018-07-01 $347,500 (15.8%) $394,197 (12.2%) 0.00 345
    2018-08-01 $346,200 (12.2%) $389,812 (10.0%) 0.00 378
    2018-09-01 $349,450 (12.8%) $395,642 (12.4%) 0.00 350
    2018-10-01 $346,988 (10.2%) $401,295 (11.1%) 0.00 351
    2018-11-01 $342,000 (5.2%) $399,130 (8.4%) 0.00 342
    2018-12-01 $334,900 (4.7%) $398,290 (10.9%) 0.00 343
    2019-01-01 $329,500 (3.0%) $407,704 (12.6%) 0.00 302
    2019-02-01 $331,423 (1.8%) $430,532 (19.2%) 0.00 286
    2019-03-01 $340,621 (2.3%) $432,752 (20.3%) 0.00 284
    2019-04-01 $348,250 (2.1%) $437,612 (16.5%) 0.00 273
    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 (5.9%) 0.00 336
    2019-08-01 $335,691 (-3.0%) $404,808 (3.9%) 0.00 363
    2019-09-01 $329,677 (-5.7%) $403,018 (1.9%) 0.00 363
    2019-10-01 $328,168 (-5.4%) $408,626 (1.8%) 0.00 345
    2019-11-01 $322,900 (-5.6%) $405,677 (1.6%) 0.00 312
    2019-12-01 $329,450 (-1.6%) $404,294 (1.5%) 0.00 299
    2020-01-01 $339,900 (3.2%) $430,022 (5.5%) 0.00 259
    2020-02-01 $339,250 (2.4%) $432,102 (0.4%) 0.00 239
    2020-03-01 $336,700 (-1.2%) $413,537 (-4.4%) 0.00 213
    2020-04-01 $347,200 (-0.3%) $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 (14.2%) $481,101 (17.7%) 0.00 147
    2020-11-01 $388,550 (20.3%) $514,776 (26.9%) 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%) $522,780 (22.6%) 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 $420,425 (6.4%) $577,084 (10.4%) 0.00 160
    2022-06-01 $419,450 (2.1%) $568,210 (11.5%) 0.00 189
    2022-07-01 $424,900 (6.3%) $571,843 (12.3%) 0.00 256
    2022-08-01 $427,550 (5.6%) $571,508 (15.7%) 0.00 270
    2022-09-01 $424,900 (6.4%) $550,927 (17.0%) 0.00 278
    2022-10-01 $434,400 (3.5%) $573,062 (15.8%) 0.00 275
    2022-11-01 $436,750 (4.0%) $569,527 (6.5%) 0.00 266
    2022-12-01 $419,950 (0.6%) $548,967 (3.9%) 0.00 272
    2023-01-01 $419,675 (-1.0%) $534,089 (-1.3%) 0.00 244
    2023-02-01 $425,950 (1.6%) $535,290 (-4.1%) 0.00 219
    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 (2.2%) $568,014 (-1.6%) 0.00 202
    2023-06-01 $462,000 (10.1%) $598,041 (5.3%) 0.00 215
    2023-07-01 $449,900 (5.9%) $607,520 (6.2%) 0.00 237
    2023-08-01 $449,950 (5.2%) $622,812 (9.0%) 0.00 252
    2023-09-01 $469,900 (10.6%) $613,186 (11.3%) 0.00 270
    2023-10-01 $469,950 (8.2%) $619,877 (8.2%) 0.00 262
    2023-11-01 $472,200 (8.1%) $610,048 (7.1%) 0.00 263
    2023-12-01 $469,000 (11.7%) $618,012 (12.6%) 0.00 230
    2024-01-01 $454,900 (8.4%) $578,977 (8.4%) 0.00 230
    2024-02-01 $464,900 (9.1%) $577,930 (8.0%) 0.00 216
    2024-03-01 $464,999 (10.4%) $593,502 (9.3%) 0.00 212
    Albany's median listing price for 2024-03-01 was $464,999, a difference of $43,799 (10.4%) versus the prior year and $99 versus the prior month.

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

    Albany's average listing price for 2024-03-01 was $593,502, a difference of $50,614 (9.3%) versus the prior year and $15,572 versus the prior month.

    For the 2024-03-01 period, Albany had 212 MLS listings, a difference of -4 listings (-2%) versus the prior month and 9 listings (4%) 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 1,871 sqft
    2018-10-01 0 days 1,844 sqft
    2018-11-01 0 days 1,839 sqft
    2018-12-01 0 days 1,821 sqft
    2019-01-01 0 days 1,821 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 1,827 sqft
    2019-07-01 0 days 1,782 sqft
    2019-08-01 0 days 1,733 sqft
    2019-09-01 0 days 1,737 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 1,892 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 1,728 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 1,641 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 1,646 sqft
    2022-09-01 0 days 1,618 sqft
    2022-10-01 0 days 1,649 sqft
    2022-11-01 0 days 1,652 sqft
    2022-12-01 0 days 1,643 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
    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
    Albany's median listing age (time on market) for 2024-03-01 was 0 days.

    Albany's median square footage for active listings during the 2024-03-01 period was 1,716 sqft. One year prior, the average listing was 1,678 sqft.