Bend USDA Loan Rates, Closing Costs & Stats
BEND, 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.
Bend's 3 lenders originated 5 USDA loans during 2023. The total origination value was $1,885,000, with an average USDA loan value of $377,000.
Bend USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Bend
averaged
6.78%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Bend's average USDA mortgage closing costs are $8,197.
The average rate for the prior week (2024-04-12) was
6.63% and
one month ago for the week of 2024-03-15, the
average rate was 6.62%.
The average rate one year ago was 6.16%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.36%.
Bend 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 Bend level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| GUILD MORTGAGE COMPANY | 2 | 5.50% | $15,924 |
| LOANDEPOT.COM, LLC | 2 | 5.00% | $23,399 |
| DIRECTORS MORTGAGE, INC. | 1 | 6.13% | $13,247 |
The top Bend USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
2 USDA loans originated. Their average total fees are
$15,924, which is $7,475
lower than the next largest lender,
LOANDEPOT.COM, LLC.
The lowest fee Bend USDA lenders (with over 10 loans originated) are
.
The lowest rate Bend USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Bend (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 | $449,588 (5.8%) | $625,632 (3.6%) | 1.67 | 1,208 |
| 2018-02-01 | $449,936 (6.5%) | $629,561 (5.8%) | 1.63 | 1,182 |
| 2018-03-01 | $459,000 (4.5%) | $633,098 (3.7%) | 1.61 | 1,310 |
| 2018-04-01 | $474,409 (6.5%) | $647,983 (4.9%) | 1.61 | 1,399 |
| 2018-05-01 | $474,963 (5.2%) | $644,799 (5.6%) | 1.59 | 1,520 |
| 2018-06-01 | $489,000 (3.5%) | $646,527 (2.4%) | 1.63 | 1,661 |
| 2018-07-01 | $489,000 (3.0%) | $652,622 (2.9%) | 1.63 | 1,800 |
| 2018-08-01 | $492,000 (3.9%) | $651,165 (3.6%) | 1.65 | 1,813 |
| 2018-09-01 | $495,000 (10.0%) | $659,337 (7.1%) | 1.66 | 1,764 |
| 2018-10-01 | $489,000 (7.7%) | $655,589 (6.3%) | 1.66 | 1,631 |
| 2018-11-01 | $485,225 (7.2%) | $665,281 (7.4%) | 1.64 | 1,476 |
| 2018-12-01 | $489,900 (8.9%) | $679,687 (9.6%) | 1.69 | 1,293 |
| 2019-01-01 | $492,495 (9.5%) | $692,040 (10.6%) | 1.70 | 1,182 |
| 2019-02-01 | $499,450 (11.0%) | $680,311 (8.1%) | 1.69 | 1,150 |
| 2019-03-01 | $510,657 (11.3%) | $679,416 (7.3%) | 1.67 | 1,180 |
| 2019-04-01 | $523,205 (10.3%) | $676,206 (4.4%) | 1.66 | 1,235 |
| 2019-05-01 | $518,725 (9.2%) | $678,184 (5.2%) | 1.62 | 1,419 |
| 2019-06-01 | $518,450 (6.0%) | $676,689 (4.7%) | 1.62 | 1,686 |
| 2019-07-01 | $517,450 (5.8%) | $676,310 (3.6%) | 1.62 | 1,758 |
| 2019-08-01 | $510,091 (3.7%) | $666,255 (2.3%) | 1.62 | 1,693 |
| 2019-09-01 | $502,727 (1.6%) | $657,835 (-0.2%) | 1.61 | 1,626 |
| 2019-10-01 | $498,818 (2.0%) | $657,843 (0.3%) | 1.61 | 1,544 |
| 2019-11-01 | $499,000 (2.8%) | $673,523 (1.2%) | 1.64 | 1,305 |
| 2019-12-01 | $499,450 (2.0%) | $675,159 (-0.7%) | 1.67 | 1,038 |
| 2020-01-01 | $493,500 (0.2%) | $665,740 (-3.8%) | 1.65 | 928 |
| 2020-02-01 | $482,000 (-3.5%) | $662,027 (-2.7%) | 1.58 | 903 |
| 2020-03-01 | $487,000 (-4.6%) | $659,032 (-3.0%) | 1.53 | 997 |
| 2020-04-01 | $488,050 (-6.7%) | $652,507 (-3.5%) | 1.53 | 1,165 |
| 2020-05-01 | $499,900 (-3.6%) | $662,061 (-2.4%) | 1.52 | 1,172 |
| 2020-06-01 | $499,900 (-3.6%) | $678,945 (0.3%) | 1.47 | 1,048 |
| 2020-07-01 | $527,500 (1.9%) | $708,987 (4.8%) | 1.53 | 898 |
| 2020-08-01 | $539,450 (5.8%) | $776,903 (16.6%) | 1.55 | 649 |
| 2020-09-01 | $566,225 (12.6%) | $792,330 (20.5%) | 1.62 | 564 |
| 2020-10-01 | $584,900 (17.3%) | $813,786 (23.7%) | 1.68 | 483 |
| 2020-11-01 | $614,450 (23.1%) | $828,218 (23.0%) | 1.80 | 406 |
| 2020-12-01 | $616,200 (23.4%) | $834,675 (23.6%) | 1.83 | 360 |
| 2021-01-01 | $599,995 (21.6%) | $840,751 (26.3%) | 1.79 | 316 |
| 2021-02-01 | $642,375 (33.3%) | $887,663 (34.1%) | 1.87 | 295 |
| 2021-03-01 | $611,150 (25.5%) | $912,932 (38.5%) | 1.73 | 312 |
| 2021-04-01 | $679,900 (39.3%) | $950,380 (45.7%) | 1.84 | 316 |
| 2021-05-01 | $650,000 (30.0%) | $917,699 (38.6%) | 1.73 | 364 |
| 2021-06-01 | $694,450 (38.9%) | $951,976 (40.2%) | 1.83 | 476 |
| 2021-07-01 | $700,000 (32.7%) | $991,162 (39.8%) | 1.85 | 591 |
| 2021-08-01 | $699,945 (29.8%) | $992,530 (27.8%) | 1.87 | 681 |
| 2021-09-01 | $699,973 (23.6%) | $994,925 (25.6%) | 1.87 | 730 |
| 2021-10-01 | $699,900 (19.7%) | $968,909 (19.1%) | 1.87 | 701 |
| 2021-11-01 | $697,000 (13.4%) | $972,108 (17.4%) | 1.86 | 572 |
| 2021-12-01 | $709,900 (15.2%) | $1,026,592 (23.0%) | 1.92 | 426 |
| 2022-01-01 | $689,000 (14.8%) | $1,004,451 (19.5%) | 1.86 | 295 |
| 2022-02-01 | $742,750 (15.6%) | $998,040 (12.4%) | 1.93 | 274 |
| 2022-03-01 | $724,125 (18.5%) | $955,156 (4.6%) | 1.81 | 337 |
| 2022-04-01 | $750,000 (10.3%) | $1,014,487 (6.8%) | 1.79 | 420 |
| 2022-05-01 | $777,000 (19.5%) | $1,021,488 (11.3%) | 1.78 | 649 |
| 2022-06-01 | $759,500 (9.4%) | $987,402 (3.7%) | 1.69 | 817 |
| 2022-07-01 | $739,900 (5.7%) | $981,036 (-1.0%) | 1.67 | 1,032 |
| 2022-08-01 | $722,400 (3.2%) | $958,820 (-3.4%) | 1.67 | 1,052 |
| 2022-09-01 | $699,900 (0.0%) | $977,246 (-1.8%) | 1.64 | 1,017 |
| 2022-10-01 | $677,500 (-3.2%) | $962,812 (-0.6%) | 1.59 | 1,020 |
| 2022-11-01 | $670,800 (-3.8%) | $958,315 (-1.4%) | 1.61 | 912 |
| 2022-12-01 | $657,435 (-7.4%) | $957,564 (-6.7%) | 1.62 | 813 |
| 2023-01-01 | $649,000 (-5.8%) | $938,479 (-6.6%) | 1.61 | 657 |
| 2023-02-01 | $659,425 (-11.2%) | $983,195 (-1.5%) | 1.59 | 608 |
| 2023-03-01 | $678,200 (-6.3%) | $990,449 (3.7%) | 1.60 | 654 |
| 2023-04-01 | $699,900 (-6.7%) | $1,038,428 (2.4%) | 1.63 | 678 |
| 2023-05-01 | $771,000 (-0.8%) | $1,049,038 (2.7%) | 1.75 | 794 |
| 2023-06-01 | $764,700 (0.7%) | $1,036,467 (5.0%) | 1.72 | 897 |
| 2023-07-01 | $779,450 (5.4%) | $1,020,044 (4.0%) | 1.77 | 1,021 |
| 2023-08-01 | $777,250 (7.6%) | $1,013,741 (5.7%) | 1.78 | 1,031 |
| 2023-09-01 | $772,500 (10.4%) | $997,391 (2.1%) | 1.80 | 1,048 |
| 2023-10-01 | $737,300 (8.8%) | $976,807 (1.5%) | 1.73 | 1,011 |
| 2023-11-01 | $699,999 (4.4%) | $967,783 (1.0%) | 1.67 | 953 |
| 2023-12-01 | $699,900 (6.5%) | $963,783 (0.7%) | 1.71 | 851 |
| 2024-01-01 | $682,450 (5.2%) | $929,796 (-0.9%) | 1.67 | 767 |
| 2024-02-01 | $691,270 (4.8%) | $940,291 (-4.4%) | 1.66 | 740 |
| 2024-03-01 | $699,000 (3.1%) | $978,404 (-1.2%) | 1.65 | 806 |
Bend's median listing price comes in at 165% of the national average.
Bend's average listing price for 2024-03-01 was $978,404, a difference of $-12,045 (-1.2%) versus the prior year and $38,113 versus the prior month.
For the 2024-03-01 period, Bend had 806 MLS listings, a difference of 66 listings (9%) versus the prior month and 152 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bend (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 95 days | 2,046 sqft |
| 2018-02-01 | 83 days | 2,029 sqft |
| 2018-03-01 | 58 days | 2,032 sqft |
| 2018-04-01 | 54 days | 2,053 sqft |
| 2018-05-01 | 52 days | 2,071 sqft |
| 2018-06-01 | 50 days | 2,080 sqft |
| 2018-07-01 | 57 days | 2,078 sqft |
| 2018-08-01 | 65 days | 2,081 sqft |
| 2018-09-01 | 71 days | 2,101 sqft |
| 2018-10-01 | 84 days | 2,086 sqft |
| 2018-11-01 | 92 days | 2,080 sqft |
| 2018-12-01 | 106 days | 2,078 sqft |
| 2019-01-01 | 110 days | 2,086 sqft |
| 2019-02-01 | 102 days | 2,093 sqft |
| 2019-03-01 | 85 days | 2,091 sqft |
| 2019-04-01 | 62 days | 2,090 sqft |
| 2019-05-01 | 42 days | 2,096 sqft |
| 2019-06-01 | 43 days | 2,115 sqft |
| 2019-07-01 | 56 days | 2,114 sqft |
| 2019-08-01 | 66 days | 2,095 sqft |
| 2019-09-01 | 77 days | 2,062 sqft |
| 2019-10-01 | 84 days | 2,055 sqft |
| 2019-11-01 | 92 days | 2,073 sqft |
| 2019-12-01 | 100 days | 2,075 sqft |
| 2020-01-01 | 103 days | 2,065 sqft |
| 2020-02-01 | 87 days | 2,033 sqft |
| 2020-03-01 | 52 days | 2,069 sqft |
| 2020-04-01 | 50 days | 2,034 sqft |
| 2020-05-01 | 68 days | 2,051 sqft |
| 2020-06-01 | 67 days | 2,082 sqft |
| 2020-07-01 | 64 days | 2,095 sqft |
| 2020-08-01 | 64 days | 2,088 sqft |
| 2020-09-01 | 59 days | 2,072 sqft |
| 2020-10-01 | 68 days | 2,026 sqft |
| 2020-11-01 | 71 days | 2,045 sqft |
| 2020-12-01 | 67 days | 2,037 sqft |
| 2021-01-01 | 58 days | 2,037 sqft |
| 2021-02-01 | 40 days | 2,027 sqft |
| 2021-03-01 | 39 days | 2,001 sqft |
| 2021-04-01 | 37 days | 2,044 sqft |
| 2021-05-01 | 34 days | 1,988 sqft |
| 2021-06-01 | 29 days | 2,012 sqft |
| 2021-07-01 | 32 days | 2,040 sqft |
| 2021-08-01 | 36 days | 2,018 sqft |
| 2021-09-01 | 41 days | 2,040 sqft |
| 2021-10-01 | 50 days | 2,020 sqft |
| 2021-11-01 | 62 days | 1,991 sqft |
| 2021-12-01 | 82 days | 2,026 sqft |
| 2022-01-01 | 90 days | 1,982 sqft |
| 2022-02-01 | 39 days | 2,007 sqft |
| 2022-03-01 | 32 days | 1,997 sqft |
| 2022-04-01 | 31 days | 2,063 sqft |
| 2022-05-01 | 29 days | 2,034 sqft |
| 2022-06-01 | 34 days | 2,041 sqft |
| 2022-07-01 | 38 days | 2,009 sqft |
| 2022-08-01 | 51 days | 2,004 sqft |
| 2022-09-01 | 62 days | 1,996 sqft |
| 2022-10-01 | 66 days | 1,976 sqft |
| 2022-11-01 | 73 days | 1,950 sqft |
| 2022-12-01 | 91 days | 1,937 sqft |
| 2023-01-01 | 96 days | 1,936 sqft |
| 2023-02-01 | 89 days | 1,934 sqft |
| 2023-03-01 | 54 days | 1,937 sqft |
| 2023-04-01 | 51 days | 1,961 sqft |
| 2023-05-01 | 45 days | 2,023 sqft |
| 2023-06-01 | 43 days | 2,037 sqft |
| 2023-07-01 | 47 days | 2,062 sqft |
| 2023-08-01 | 54 days | 2,046 sqft |
| 2023-09-01 | 64 days | 2,019 sqft |
| 2023-10-01 | 71 days | 2,011 sqft |
| 2023-11-01 | 78 days | 2,010 sqft |
| 2023-12-01 | 85 days | 1,993 sqft |
| 2024-01-01 | 92 days | 1,940 sqft |
| 2024-02-01 | 86 days | 1,943 sqft |
| 2024-03-01 | 57 days | 1,946 sqft |
Bend's median square footage for active listings during the 2024-03-01 period was 1,946 sqft. One year prior, the average listing was 1,937 sqft.