Bend USDA Loans

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 25 lenders originated 56 USDA loans during 2021. The total origination value was $21,160,000, with an average USDA loan value of $377,857.

Bend USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Bend averaged 5.08% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.21% and one month ago for the week of 2022-04-08, the average rate was 4.67%.

The average rate one year ago was 3.28%.

For refis of the same type during the week of 2022-05-13, the average rate was 5%.

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

Bend USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bend level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
GUILD MORTGAGE COMPANY 7 2.55% $11,557
CALIBER HOME LOANS, INC. 6 2.72% $8,005
CMG MORTGAGE, INC. 3 2.50% $7,908
ACADEMY MORTGAGE CORPORATION 3 2.75% $5,149
CELEBRITY HOME LOANS, LLC 3 2.83% $6,452
Flagstar Bank, FSB 2 2.25% $7,431
CHURCHILL MORTGAGE CORPORATION 2 2.69% $7,464
LOANDEPOT.COM, LLC 2 2.94% $13,010
MANN FINANCIAL INC. 2 3.25% $9,380
PREMIER MORTGAGE RESOURCES, L.L.C. 2 2.50% $7,079
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.37% $9,046
FINANCE OF AMERICA MORTGAGE LLC 1 2.88% $7,622
CROSSCOUNTRY MORTGAGE, LLC 1 2.25% $8,915
GENEVA FINANCIAL, LLC 1 2.75% $9,362
BOKF 1 2.50% $9,735
HOME POINT FINANCIAL CORPORATION 1 2.63% $8,698
Willamette Valley Bank 1 3.00% $12,397
STEARNS LENDING, LLC 1 2.75% $8,312
MOVEMENT MORTGAGE, LLC 1 3.13% $7,202
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.50% $6,069
V.I.P. MORTGAGE, INC. 1 3.00% $12,215
DHI MORTGAGE COMPANY, LTD. 1 2.75% $6,533
DIRECTORS MORTGAGE, INC. 1 3.00% $10,718
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 3.25% $7,965
Evolve Bank & Trust 1 3.25% $4,128

The top Bend USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 7 USDA loans originated. Their average total fees are $11,557, which is $3,552 higher than the next largest lender, CALIBER HOME LOANS, INC..

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 $422,400 (8.6%) $596,714 (3.9%) 1.56 1,147
2018-02-01 $421,250 (8.9%) $602,504 (5.6%) 1.52 1,098
2018-03-01 $424,900 (6.4%) $602,446 (2.4%) 1.47 1,193
2018-04-01 $428,950 (5.5%) $606,835 (2.6%) 1.44 1,262
2018-05-01 $429,900 (1.2%) $598,233 (2.0%) 1.43 1,379
2018-06-01 $435,000 (1.1%) $594,668 (1.4%) 1.45 1,473
2018-07-01 $439,450 (-0.1%) $599,243 (-0.7%) 1.47 1,612
2018-08-01 $446,875 (1.8%) $605,017 (1.9%) 1.49 1,625
2018-09-01 $449,000 (4.7%) $613,570 (5.3%) 1.50 1,584
2018-10-01 $447,000 (5.3%) $618,638 (6.3%) 1.50 1,463
2018-11-01 $449,900 (5.9%) $636,193 (9.4%) 1.51 1,323
2018-12-01 $450,000 (5.9%) $653,863 (10.8%) 1.54 1,156
2019-01-01 $454,950 (7.7%) $658,657 (10.4%) 1.57 1,032
2019-02-01 $459,900 (9.2%) $653,601 (8.5%) 1.54 1,014
2019-03-01 $471,386 (10.9%) $649,042 (7.7%) 1.54 1,021
2019-04-01 $479,450 (11.8%) $639,524 (5.4%) 1.51 1,057
2019-05-01 $474,990 (10.5%) $636,071 (6.3%) 1.46 1,203
2019-06-01 $465,000 (6.9%) $625,923 (5.3%) 1.43 1,438
2019-07-01 $472,400 (7.5%) $634,366 (5.9%) 1.47 1,505
2019-08-01 $463,514 (3.7%) $626,120 (3.5%) 1.46 1,486
2019-09-01 $457,559 (1.9%) $620,108 (1.1%) 1.45 1,457
2019-10-01 $449,700 (0.6%) $619,164 (0.1%) 1.43 1,372
2019-11-01 $449,000 (-0.2%) $622,589 (-2.1%) 1.45 1,159
2019-12-01 $445,000 (-1.1%) $635,371 (-2.8%) 1.48 922
2020-01-01 $440,250 (-3.2%) $620,416 (-5.8%) 1.47 844
2020-02-01 $435,000 (-5.4%) $606,708 (-7.2%) 1.40 830
2020-03-01 $444,995 (-5.6%) $605,826 (-6.7%) 1.39 921
2020-04-01 $439,450 (-8.3%) $594,449 (-7.1%) 1.37 1,058
2020-05-01 $449,900 (-5.3%) $591,395 (-7.0%) 1.36 1,030
2020-06-01 $450,995 (-3.0%) $597,025 (-4.6%) 1.32 951
2020-07-01 $472,500 (0.0%) $616,593 (-2.8%) 1.35 806
2020-08-01 $484,760 (4.6%) $659,068 (5.3%) 1.39 581
2020-09-01 $509,975 (11.5%) $692,287 (11.6%) 1.46 485
2020-10-01 $535,000 (19.0%) $719,453 (16.2%) 1.53 413
2020-11-01 $569,725 (26.9%) $719,289 (15.5%) 1.63 349
2020-12-01 $567,450 (27.5%) $723,263 (13.8%) 1.66 313
2021-01-01 $525,000 (19.3%) $677,142 (9.1%) 1.54 277
2021-02-01 $569,955 (31.0%) $753,712 (24.2%) 1.64 263
2021-03-01 $534,745 (20.2%) $789,810 (30.4%) 1.50 264
2021-04-01 $591,500 (34.6%) $827,620 (39.2%) 1.59 257
2021-05-01 $579,000 (28.7%) $793,249 (34.1%) 1.52 300
2021-06-01 $599,500 (32.9%) $806,596 (35.1%) 1.56 408
2021-07-01 $649,450 (37.5%) $849,568 (37.8%) 1.69 484
2021-08-01 $645,269 (33.1%) $846,219 (28.4%) 1.70 561
2021-09-01 $649,000 (27.3%) $842,258 (21.7%) 1.71 609
2021-10-01 $644,990 (20.6%) $816,736 (13.5%) 1.70 592
2021-11-01 $629,000 (10.4%) $807,729 (12.3%) 1.66 512
2021-12-01 $630,000 (11.0%) $837,382 (15.8%) 1.68 383
2022-01-01 $609,990 (16.2%) $833,807 (23.1%) 1.63 255
2022-02-01 $649,500 (14.0%) $812,886 (7.9%) 1.66 236
2022-03-01 $662,000 (23.8%) $792,619 (0.4%) 1.63 291
2022-04-01 $699,000 (18.2%) $841,047 (1.6%) 1.64 351
Bend's median listing price for 2022-04-01 was $699,000, a difference of $107,500 (18.2%) versus the prior year and $37,000 versus the prior month.

Bend's median listing price comes in at 164% of the national average.

Bend's average listing price for 2022-04-01 was $841,047, a difference of $13,427 (1.6%) versus the prior year and $48,428 versus the prior month.

For the 2022-04-01 period, Bend had 351 MLS listings, a difference of 60 listings (21%) versus the prior month and 94 listings (37%) 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
2018-01-01 106 days 2,022 sqft
2018-02-01 99 days 2,015 sqft
2018-03-01 67 days 2,010 sqft
2018-04-01 58 days 2,015 sqft
2018-05-01 57 days 2,015 sqft
2018-06-01 57 days 2,015 sqft
2018-07-01 61 days 2,021 sqft
2018-08-01 71 days 2,026 sqft
2018-09-01 78 days 2,046 sqft
2018-10-01 88 days 2,071 sqft
2018-11-01 97 days 2,075 sqft
2018-12-01 112 days 2,072 sqft
2019-01-01 118 days 2,082 sqft
2019-02-01 116 days 2,081 sqft
2019-03-01 114 days 2,059 sqft
2019-04-01 74 days 2,037 sqft
2019-05-01 49 days 2,034 sqft
2019-06-01 46 days 2,029 sqft
2019-07-01 58 days 2,036 sqft
2019-08-01 67 days 2,024 sqft
2019-09-01 79 days 2,007 sqft
2019-10-01 86 days 1,993 sqft
2019-11-01 95 days 2,004 sqft
2019-12-01 106 days 2,007 sqft
2020-01-01 106 days 1,996 sqft
2020-02-01 91 days 1,951 sqft
2020-03-01 60 days 1,956 sqft
2020-04-01 57 days 1,955 sqft
2020-05-01 71 days 2,006 sqft
2020-06-01 69 days 2,013 sqft
2020-07-01 58 days 2,029 sqft
2020-08-01 60 days 2,029 sqft
2020-09-01 53 days 2,020 sqft
2020-10-01 56 days 1,984 sqft
2020-11-01 65 days 2,051 sqft
2020-12-01 68 days 2,020 sqft
2021-01-01 71 days 1,956 sqft
2021-02-01 50 days 1,956 sqft
2021-03-01 44 days 1,949 sqft
2021-04-01 41 days 2,012 sqft
2021-05-01 36 days 1,920 sqft
2021-06-01 30 days 1,920 sqft
2021-07-01 33 days 1,958 sqft
2021-08-01 34 days 1,958 sqft
2021-09-01 41 days 1,961 sqft
2021-10-01 47 days 1,956 sqft
2021-11-01 48 days 1,929 sqft
2021-12-01 63 days 1,961 sqft
2022-01-01 83 days 1,920 sqft
2022-02-01 43 days 1,951 sqft
2022-03-01 36 days 1,941 sqft
2022-04-01 34 days 1,973 sqft
Bend's median listing age (time on market) for 2022-04-01 was 34 days. This is -17% shorter than the same period one year ago.

Bend's median square footage for active listings during the 2022-04-01 period was 1,973 sqft. One year prior, the average listing was 2,012 sqft.