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 6.88% for the week of 2024-06-14, compared to the national average (all USDA variants) of 6.709% for the same period.

Bellingham's average USDA mortgage closing costs are $6,837.

The average rate for the prior week (2024-06-07) was 6.68% and one month ago for the week of 2024-05-10, the average rate was 6.56%.

The average rate one year ago was 6.42%.

For refis of the same type during the week of 2024-06-14, the average rate was 7.21%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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 $674,500 (-3.2%) $864,035 (-1.0%) 1.53 455
2023-06-01 $653,388 (-3.1%) $833,781 (0.2%) 1.47 502
2023-07-01 $659,950 (2.0%) $844,365 (5.8%) 1.50 498
2023-08-01 $687,000 (6.4%) $877,265 (8.6%) 1.58 524
2023-09-01 $698,950 (9.7%) $889,047 (9.2%) 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
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 $711,750 (5.5%) $975,993 (13.0%) 1.61 471
Bellingham's median listing price for 2024-05-01 was $711,750, a difference of $37,250 (5.5%) versus the prior year and $-11,750 versus the prior month.

Bellingham's median listing price comes in at 161% of the national average.

Bellingham's average listing price for 2024-05-01 was $975,993, a difference of $111,958 (13.0%) versus the prior year and $1,741 versus the prior month.

For the 2024-05-01 period, Bellingham had 471 MLS listings, a difference of 92 listings (24%) versus the prior month and 16 listings (4%) 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 1,941 sqft
2018-06-01 37 days 1,960 sqft
2018-07-01 42 days 1,942 sqft
2018-08-01 40 days 1,834 sqft
2018-09-01 49 days 1,862 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 1,914 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 1,808 sqft
2020-06-01 56 days 1,815 sqft
2020-07-01 46 days 1,848 sqft
2020-08-01 45 days 1,832 sqft
2020-09-01 44 days 1,759 sqft
2020-10-01 44 days 1,782 sqft
2020-11-01 57 days 1,715 sqft
2020-12-01 67 days 1,633 sqft
2021-01-01 77 days 1,564 sqft
2021-02-01 54 days 1,581 sqft
2021-03-01 39 days 1,641 sqft
2021-04-01 36 days 1,636 sqft
2021-05-01 28 days 1,740 sqft
2021-06-01 28 days 1,782 sqft
2021-07-01 33 days 1,827 sqft
2021-08-01 30 days 1,875 sqft
2021-09-01 35 days 1,878 sqft
2021-10-01 34 days 1,875 sqft
2021-11-01 39 days 1,887 sqft
2021-12-01 51 days 1,857 sqft
2022-01-01 46 days 1,712 sqft
2022-02-01 29 days 1,940 sqft
2022-03-01 23 days 1,874 sqft
2022-04-01 22 days 1,862 sqft
2022-05-01 22 days 1,905 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 1,823 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 1,953 sqft
2023-08-01 42 days 1,948 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 1,965 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 1,925 sqft
Bellingham's median listing age (time on market) for 2024-05-01 was 26 days. This is -29% shorter than the same period one year ago.

Bellingham's median square footage for active listings during the 2024-05-01 period was 1,925 sqft. One year prior, the average listing was 1,996 sqft.