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 4 lenders originated 6 USDA loans during 2022. The total origination value was $2,060,000, with an average USDA loan value of $343,333.
Bellingham USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Bellingham
averaged
6.52%
for the week of 2023-12-01, compared to the national average (all USDA variants) of
6.997% for the same period.
Bellingham's average USDA mortgage closing costs are $6,840.
The average rate for the prior week (2023-11-24) was
6.72% and
one month ago for the week of 2023-10-27, the
average rate was 6.97%.
The average rate one year ago was 5.99%.
For refis of the same type during the week of 2023-12-01, the average rate
was 5.21%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| CALIBER HOME LOANS, INC. | 2 | 4.60% | $10,608 |
| First Federal Savings and Loan Association of Port Angeles | 2 | 5.38% | $11,611 |
| Flagstar Bank, FSB | 1 | 5.13% | $12,987 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 4.88% | $16,905 |
The top Bellingham USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with
2 USDA loans originated. Their average total fees are
$10,608, which is $1,003
lower than the next largest lender,
First Federal Savings and Loan Association of Port Angeles.
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%) | 1.56 | 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 | $444,900 (11.5%) | $528,075 (-0.7%) | 1.49 | 533 |
| 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 (8.1%) | 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%) | 1.44 | 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%) | 1.40 | 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%) | 1.63 | 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 | $649,385 (36.9%) | $920,593 (38.2%) | 1.63 | 164 |
| 2022-04-01 | $649,444 (31.3%) | $857,302 (26.9%) | 1.55 | 215 |
| 2022-05-01 | $697,000 (32.8%) | $874,644 (22.6%) | 1.59 | 300 |
| 2022-06-01 | $675,000 (24.1%) | $833,583 (12.3%) | 1.50 | 427 |
| 2022-07-01 | $648,000 (11.8%) | $799,113 (-0.8%) | 1.46 | 586 |
| 2022-08-01 | $646,500 (7.8%) | $808,619 (-2.1%) | 1.49 | 625 |
| 2022-09-01 | $637,250 (4.0%) | $815,146 (-0.8%) | 1.49 | 603 |
| 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 (-4.4%) | $816,964 (-11.3%) | 1.46 | 378 |
| 2023-04-01 | $650,000 (0.1%) | $847,225 (-1.2%) | 1.51 | 375 |
| 2023-05-01 | $674,500 (-3.2%) | $864,035 (-1.2%) | 1.53 | 455 |
| 2023-06-01 | $653,388 (-3.2%) | $833,781 (0.0%) | 1.47 | 502 |
| 2023-07-01 | $659,950 (1.8%) | $844,365 (5.7%) | 1.50 | 498 |
| 2023-08-01 | $687,000 (6.3%) | $877,265 (8.5%) | 1.58 | 524 |
| 2023-09-01 | $698,950 (9.7%) | $889,047 (9.1%) | 1.63 | 497 |
| 2023-10-01 | $699,225 (9.4%) | $916,060 (11.9%) | 1.65 | 492 |
| 2023-11-01 | $698,500 (10.8%) | $924,888 (11.9%) | 1.66 | 490 |
Bellingham's median listing price comes in at 166% of the national average.
Bellingham's average listing price for 2023-11-01 was $924,888, a difference of $98,500 (11.9%) versus the prior year and $8,828 versus the prior month.
For the 2023-11-01 period, Bellingham had 490 MLS listings, a difference of -2 listings (0%) versus the prior month and -51 listings (-9%) 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 | 1,896 sqft |
| 2018-04-01 | 41 days | 1,902 sqft |
| 2018-05-01 | 37 days | 1,938 sqft |
| 2018-06-01 | 37 days | 1,960 sqft |
| 2018-07-01 | 42 days | 1,940 sqft |
| 2018-08-01 | 40 days | 1,831 sqft |
| 2018-09-01 | 49 days | 1,857 sqft |
| 2018-10-01 | 53 days | 1,946 sqft |
| 2018-11-01 | 57 days | 1,906 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 | 1,863 sqft |
| 2019-04-01 | 43 days | 1,808 sqft |
| 2019-05-01 | 39 days | 1,869 sqft |
| 2019-06-01 | 40 days | 1,920 sqft |
| 2019-07-01 | 44 days | 1,911 sqft |
| 2019-08-01 | 48 days | 1,901 sqft |
| 2019-09-01 | 53 days | 1,896 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 | 1,813 sqft |
| 2020-07-01 | 46 days | 1,847 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 | 1,626 sqft |
| 2021-01-01 | 77 days | 1,560 sqft |
| 2021-02-01 | 54 days | 1,581 sqft |
| 2021-03-01 | 39 days | 1,641 sqft |
| 2021-04-01 | 36 days | 1,629 sqft |
| 2021-05-01 | 28 days | 1,736 sqft |
| 2021-06-01 | 28 days | 1,775 sqft |
| 2021-07-01 | 33 days | 1,821 sqft |
| 2021-08-01 | 30 days | 1,872 sqft |
| 2021-09-01 | 35 days | 1,878 sqft |
| 2021-10-01 | 34 days | 1,875 sqft |
| 2021-11-01 | 39 days | 1,876 sqft |
| 2021-12-01 | 51 days | 1,837 sqft |
| 2022-01-01 | 46 days | 1,701 sqft |
| 2022-02-01 | 29 days | 1,939 sqft |
| 2022-03-01 | 23 days | 1,878 sqft |
| 2022-04-01 | 22 days | 1,867 sqft |
| 2022-05-01 | 22 days | 1,906 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 | 1,909 sqft |
| 2022-12-01 | 65 days | 1,890 sqft |
| 2023-01-01 | 79 days | 1,868 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 | 1,996 sqft |
| 2023-06-01 | 39 days | 1,928 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 |
Bellingham's median square footage for active listings during the 2023-11-01 period was 1,977 sqft. One year prior, the average listing was 1,909 sqft.