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 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 6.48% for the week of 2024-05-24, compared to the national average (all USDA variants) of 6.738% for the same period.

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

The average rate for the prior week (2024-05-17) was 6.76% and one month ago for the week of 2024-04-19, the average rate was 6.9%.

The average rate one year ago was 6.51%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.94%.

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
2024-04-01 $465,600 (10.9%) $593,728 (9.6%) 0.00 230
Albany's median listing price for 2024-04-01 was $465,600, a difference of $45,650 (10.9%) versus the prior year and $601 versus the prior month.

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

Albany's average listing price for 2024-04-01 was $593,728, a difference of $51,968 (9.6%) versus the prior year and $226 versus the prior month.

For the 2024-04-01 period, Albany had 230 MLS listings, a difference of 18 listings (8%) versus the prior month and 43 listings (23%) 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
2024-04-01 0 days 1,690 sqft
Albany's median listing age (time on market) for 2024-04-01 was 0 days.

Albany's median square footage for active listings during the 2024-04-01 period was 1,690 sqft. One year prior, the average listing was 1,680 sqft.