Bellingham USDA Loan Rates, Closing Costs & Stats
BELLINGHAM, WA
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.
Bellingham's 1 lenders originated 1 USDA loans during 2023. The total origination value was $335,000, with an average USDA loan value of $335,000.
Bellingham USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Bellingham
averaged
6.5%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Bellingham's average USDA mortgage closing costs are $6,837.
The average rate for the prior week (2025-02-07) was
6.36% and
one month ago for the week of 2025-01-10, the
average rate was 6.5%.
The average rate one year ago was 6.6%.
For refis of the same type during the week of 2025-02-14, the average rate
was 7.13%.
Bellingham 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 Bellingham level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| WHATCOM EDUCATIONAL CREDIT UNION | 1 | 6.38% | $6,315 |
The lowest fee Bellingham USDA lenders (with over 10 loans originated) are
.
The lowest rate Bellingham USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Bellingham (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 | $422,894 (7.1%) | $517,958 (-4.8%) | 1.57 | 457 |
| 2018-02-01 | $427,916 (9.4%) | $494,876 (-9.3%) | 1.55 | 441 |
| 2018-03-01 | $425,000 (7.9%) | $500,109 (-8.3%) | 1.49 | 450 |
| 2018-04-01 | $439,475 (10.1%) | $512,710 (-5.1%) | 1.49 | 478 |
| 2018-05-01 | $444,925 (11.5%) | $528,770 (-0.6%) | 1.49 | 532 |
| 2018-06-01 | $445,000 (11.5%) | $538,100 (1.7%) | 1.48 | 591 |
| 2018-07-01 | $440,500 (3.9%) | $533,668 (-0.8%) | 1.47 | 630 |
| 2018-08-01 | $421,000 (0.4%) | $522,524 (-3.0%) | 1.41 | 666 |
| 2018-09-01 | $429,000 (4.9%) | $531,273 (-0.2%) | 1.44 | 663 |
| 2018-10-01 | $429,675 (2.5%) | $561,683 (7.1%) | 1.46 | 655 |
| 2018-11-01 | $419,125 (1.2%) | $554,843 (7.5%) | 1.42 | 632 |
| 2018-12-01 | $414,900 (1.2%) | $554,611 (9.1%) | 1.43 | 577 |
| 2019-01-01 | $414,950 (-1.9%) | $559,550 (8.0%) | 1.43 | 504 |
| 2019-02-01 | $427,500 (-0.1%) | $568,775 (14.9%) | 1.44 | 502 |
| 2019-03-01 | $425,671 (0.2%) | $563,976 (12.8%) | 1.39 | 526 |
| 2019-04-01 | $425,171 (-3.3%) | $559,811 (9.2%) | 1.35 | 562 |
| 2019-05-01 | $444,675 (-0.1%) | $570,850 (8.0%) | 1.39 | 612 |
| 2019-06-01 | $450,000 (1.1%) | $572,570 (6.4%) | 1.41 | 679 |
| 2019-07-01 | $448,487 (1.8%) | $565,867 (6.0%) | 1.40 | 723 |
| 2019-08-01 | $447,545 (6.3%) | $558,671 (6.9%) | 1.42 | 781 |
| 2019-09-01 | $448,364 (4.5%) | $558,859 (5.2%) | 1.43 | 840 |
| 2019-10-01 | $448,909 (4.5%) | $558,481 (-0.6%) | 1.45 | 871 |
| 2019-11-01 | $449,950 (7.4%) | $556,269 (0.3%) | 1.48 | 793 |
| 2019-12-01 | $437,250 (5.4%) | $547,773 (-1.2%) | 1.46 | 662 |
| 2020-01-01 | $444,675 (7.2%) | $571,874 (2.2%) | 1.49 | 543 |
| 2020-02-01 | $448,000 (4.8%) | $556,400 (-2.2%) | 1.47 | 522 |
| 2020-03-01 | $445,000 (4.5%) | $554,564 (-1.7%) | 1.40 | 573 |
| 2020-04-01 | $439,450 (3.4%) | $549,065 (-1.9%) | 1.38 | 622 |
| 2020-05-01 | $439,900 (-1.1%) | $548,392 (-3.9%) | 1.34 | 660 |
| 2020-06-01 | $454,500 (1.0%) | $573,392 (0.1%) | 1.34 | 687 |
| 2020-07-01 | $464,950 (3.7%) | $595,001 (5.2%) | 1.35 | 680 |
| 2020-08-01 | $468,750 (4.7%) | $588,022 (5.3%) | 1.34 | 620 |
| 2020-09-01 | $460,425 (2.7%) | $581,272 (4.0%) | 1.32 | 565 |
| 2020-10-01 | $465,000 (3.6%) | $602,693 (7.9%) | 1.33 | 526 |
| 2020-11-01 | $444,950 (-1.1%) | $598,974 (7.7%) | 1.30 | 346 |
| 2020-12-01 | $444,975 (1.8%) | $588,546 (7.4%) | 1.32 | 309 |
| 2021-01-01 | $426,000 (-4.2%) | $603,751 (5.6%) | 1.27 | 249 |
| 2021-02-01 | $435,000 (-2.9%) | $628,372 (12.9%) | 1.27 | 254 |
| 2021-03-01 | $474,475 (6.6%) | $666,014 (20.1%) | 1.35 | 253 |
| 2021-04-01 | $494,500 (12.5%) | $675,563 (23.0%) | 1.34 | 244 |
| 2021-05-01 | $525,000 (19.4%) | $713,375 (30.1%) | 1.39 | 269 |
| 2021-06-01 | $543,750 (19.6%) | $742,078 (29.4%) | 1.43 | 292 |
| 2021-07-01 | $579,500 (24.6%) | $805,577 (35.4%) | 1.53 | 268 |
| 2021-08-01 | $600,000 (28.0%) | $825,561 (40.4%) | 1.60 | 283 |
| 2021-09-01 | $612,500 (33.0%) | $821,753 (41.4%) | 1.63 | 279 |
| 2021-10-01 | $599,900 (29.0%) | $806,732 (33.9%) | 1.60 | 276 |
| 2021-11-01 | $599,825 (34.8%) | $809,161 (35.1%) | 1.60 | 233 |
| 2021-12-01 | $599,450 (34.7%) | $826,450 (40.4%) | 1.62 | 161 |
| 2022-01-01 | $585,000 (37.3%) | $886,385 (46.8%) | 1.58 | 120 |
| 2022-02-01 | $662,494 (52.3%) | $959,469 (52.7%) | 1.72 | 126 |
| 2022-03-01 | $646,825 (36.3%) | $919,265 (38.0%) | 1.62 | 163 |
| 2022-04-01 | $649,000 (31.2%) | $855,378 (26.6%) | 1.55 | 214 |
| 2022-05-01 | $697,000 (32.8%) | $873,039 (22.4%) | 1.59 | 299 |
| 2022-06-01 | $674,375 (24.0%) | $832,217 (12.2%) | 1.50 | 426 |
| 2022-07-01 | $647,000 (11.7%) | $797,970 (-0.9%) | 1.46 | 585 |
| 2022-08-01 | $646,000 (7.7%) | $807,622 (-2.2%) | 1.49 | 624 |
| 2022-09-01 | $637,125 (4.0%) | $814,152 (-0.9%) | 1.49 | 602 |
| 2022-10-01 | $638,975 (6.5%) | $818,858 (1.5%) | 1.50 | 584 |
| 2022-11-01 | $630,500 (5.1%) | $826,388 (2.1%) | 1.52 | 541 |
| 2022-12-01 | $618,000 (3.1%) | $818,528 (-1.0%) | 1.53 | 460 |
| 2023-01-01 | $609,987 (4.3%) | $824,614 (-7.0%) | 1.51 | 366 |
| 2023-02-01 | $599,000 (-9.6%) | $799,626 (-16.7%) | 1.45 | 366 |
| 2023-03-01 | $621,000 (-4.0%) | $816,964 (-11.1%) | 1.46 | 378 |
| 2023-04-01 | $650,000 (0.2%) | $847,225 (-1.0%) | 1.51 | 375 |
| 2023-05-01 | $672,000 (-3.6%) | $863,492 (-1.1%) | 1.53 | 456 |
| 2023-06-01 | $652,274 (-3.3%) | $833,365 (0.1%) | 1.47 | 503 |
| 2023-07-01 | $659,925 (2.0%) | $843,914 (5.8%) | 1.50 | 499 |
| 2023-08-01 | $686,975 (6.3%) | $876,804 (8.6%) | 1.58 | 525 |
| 2023-09-01 | $698,900 (9.7%) | $888,539 (9.1%) | 1.63 | 498 |
| 2023-10-01 | $699,000 (9.4%) | $915,437 (11.8%) | 1.65 | 493 |
| 2023-11-01 | $698,500 (10.8%) | $924,235 (11.8%) | 1.66 | 491 |
| 2023-12-01 | $688,944 (11.5%) | $932,752 (14.0%) | 1.68 | 398 |
| 2024-01-01 | $698,750 (14.6%) | $950,586 (15.3%) | 1.71 | 317 |
| 2024-02-01 | $697,475 (16.4%) | $965,286 (20.7%) | 1.68 | 296 |
| 2024-03-01 | $725,000 (16.8%) | $984,179 (20.5%) | 1.71 | 297 |
| 2024-04-01 | $723,500 (11.3%) | $974,252 (15.0%) | 1.68 | 379 |
| 2024-05-01 | $698,375 (3.9%) | $948,588 (9.9%) | 1.61 | 471 |
| 2024-06-01 | $699,995 (7.3%) | $951,965 (14.2%) | 1.61 | 502 |
| 2024-07-01 | $697,450 (5.7%) | $894,968 (6.1%) | 1.59 | 615 |
| 2024-08-01 | $687,000 (0.0%) | $875,578 (-0.1%) | 1.60 | 646 |
| 2024-09-01 | $686,500 (-1.8%) | $861,160 (-3.1%) | 1.62 | 641 |
| 2024-10-01 | $692,450 (-0.9%) | $857,955 (-6.3%) | 1.63 | 630 |
| 2024-11-01 | $679,000 (-2.8%) | $842,571 (-8.8%) | 1.63 | 576 |
| 2024-12-01 | $656,750 (-4.7%) | $815,006 (-12.6%) | 1.63 | 491 |
| 2025-01-01 | $650,000 (-7.0%) | $794,368 (-16.4%) | 0.00 | 413 |
Bellingham's median listing price comes in at 0% of the national average.
Bellingham's average listing price for 2025-01-01 was $794,368, a difference of $-156,218 (-16.4%) versus the prior year and $-20,638 versus the prior month.
For the 2025-01-01 period, Bellingham had 413 MLS listings, a difference of -78 listings (-16%) versus the prior month and 96 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bellingham (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 81 days | 1,908 sqft |
| 2018-02-01 | 75 days | 1,929 sqft |
| 2018-03-01 | 47 days | 1,890 sqft |
| 2018-04-01 | 41 days | 1,899 sqft |
| 2018-05-01 | 37 days | 1,936 sqft |
| 2018-06-01 | 37 days | 1,956 sqft |
| 2018-07-01 | 42 days | 1,940 sqft |
| 2018-08-01 | 40 days | 1,836 sqft |
| 2018-09-01 | 49 days | 1,866 sqft |
| 2018-10-01 | 53 days | 1,948 sqft |
| 2018-11-01 | 57 days | 1,908 sqft |
| 2018-12-01 | 71 days | 1,847 sqft |
| 2019-01-01 | 72 days | 1,820 sqft |
| 2019-02-01 | 64 days | 1,901 sqft |
| 2019-03-01 | 54 days | 1,864 sqft |
| 2019-04-01 | 43 days | 1,810 sqft |
| 2019-05-01 | 39 days | 1,870 sqft |
| 2019-06-01 | 40 days | 1,920 sqft |
| 2019-07-01 | 44 days | 1,917 sqft |
| 2019-08-01 | 48 days | 1,903 sqft |
| 2019-09-01 | 53 days | 1,897 sqft |
| 2019-10-01 | 57 days | 1,893 sqft |
| 2019-11-01 | 64 days | 1,904 sqft |
| 2019-12-01 | 77 days | 1,837 sqft |
| 2020-01-01 | 92 days | 1,835 sqft |
| 2020-02-01 | 87 days | 1,821 sqft |
| 2020-03-01 | 41 days | 1,832 sqft |
| 2020-04-01 | 41 days | 1,779 sqft |
| 2020-05-01 | 54 days | 1,807 sqft |
| 2020-06-01 | 56 days | 1,815 sqft |
| 2020-07-01 | 46 days | 1,848 sqft |
| 2020-08-01 | 45 days | 1,837 sqft |
| 2020-09-01 | 44 days | 1,764 sqft |
| 2020-10-01 | 44 days | 1,785 sqft |
| 2020-11-01 | 57 days | 1,715 sqft |
| 2020-12-01 | 67 days | 1,633 sqft |
| 2021-01-01 | 77 days | 1,565 sqft |
| 2021-02-01 | 54 days | 1,592 sqft |
| 2021-03-01 | 39 days | 1,662 sqft |
| 2021-04-01 | 36 days | 1,647 sqft |
| 2021-05-01 | 28 days | 1,744 sqft |
| 2021-06-01 | 28 days | 1,790 sqft |
| 2021-07-01 | 33 days | 1,832 sqft |
| 2021-08-01 | 30 days | 1,880 sqft |
| 2021-09-01 | 35 days | 1,882 sqft |
| 2021-10-01 | 34 days | 1,882 sqft |
| 2021-11-01 | 39 days | 1,889 sqft |
| 2021-12-01 | 51 days | 1,858 sqft |
| 2022-01-01 | 46 days | 1,712 sqft |
| 2022-02-01 | 29 days | 1,940 sqft |
| 2022-03-01 | 23 days | 1,863 sqft |
| 2022-04-01 | 22 days | 1,857 sqft |
| 2022-05-01 | 22 days | 1,903 sqft |
| 2022-06-01 | 23 days | 1,852 sqft |
| 2022-07-01 | 27 days | 1,830 sqft |
| 2022-08-01 | 36 days | 1,872 sqft |
| 2022-09-01 | 44 days | 1,877 sqft |
| 2022-10-01 | 46 days | 1,904 sqft |
| 2022-11-01 | 58 days | 1,910 sqft |
| 2022-12-01 | 65 days | 1,892 sqft |
| 2023-01-01 | 79 days | 1,870 sqft |
| 2023-02-01 | 76 days | 1,817 sqft |
| 2023-03-01 | 46 days | 1,872 sqft |
| 2023-04-01 | 44 days | 1,864 sqft |
| 2023-05-01 | 37 days | 1,990 sqft |
| 2023-06-01 | 39 days | 1,921 sqft |
| 2023-07-01 | 44 days | 1,951 sqft |
| 2023-08-01 | 42 days | 1,946 sqft |
| 2023-09-01 | 48 days | 1,979 sqft |
| 2023-10-01 | 50 days | 1,996 sqft |
| 2023-11-01 | 56 days | 1,977 sqft |
| 2023-12-01 | 71 days | 1,969 sqft |
| 2024-01-01 | 86 days | 1,967 sqft |
| 2024-02-01 | 73 days | 1,960 sqft |
| 2024-03-01 | 44 days | 1,922 sqft |
| 2024-04-01 | 32 days | 1,914 sqft |
| 2024-05-01 | 26 days | 1,916 sqft |
| 2024-06-01 | 33 days | 1,866 sqft |
| 2024-07-01 | 35 days | 1,850 sqft |
| 2024-08-01 | 40 days | 1,808 sqft |
| 2024-09-01 | 51 days | 1,857 sqft |
| 2024-10-01 | 59 days | 1,892 sqft |
| 2024-11-01 | 60 days | 1,826 sqft |
| 2024-12-01 | 69 days | 1,778 sqft |
| 2025-01-01 | 0 days | 1,770 sqft |
Bellingham's median square footage for active listings during the 2025-01-01 period was 1,770 sqft. One year prior, the average listing was 1,967 sqft.