Albany USDA Loans

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 5.43% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.31% and one month ago for the week of 2022-04-15, the average rate was 5.21%.

The average rate one year ago was 2.95%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.01%.

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 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. Total Fees
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%), .