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 6.87% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Bend's average USDA mortgage closing costs are $8,197.

The average rate for the prior week (2024-05-10) was 6.61% and one month ago for the week of 2024-04-12, the average rate was 6.83%.

The average rate one year ago was 6.21%.

For refis of the same type during the week of 2024-05-17, the average rate was 7.35%.

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/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
2024-04-01 $732,336 (4.6%) $1,028,671 (-0.9%) 1.70 954
Bend's median listing price for 2024-04-01 was $732,336, a difference of $32,436 (4.6%) versus the prior year and $33,336 versus the prior month.

Bend's median listing price comes in at 170% of the national average.

Bend's average listing price for 2024-04-01 was $1,028,671, a difference of $-9,757 (-0.9%) versus the prior year and $50,267 versus the prior month.

For the 2024-04-01 period, Bend had 954 MLS listings, a difference of 148 listings (18%) versus the prior month and 276 listings (41%) 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
2024-04-01 44 days 1,968 sqft
Bend's median listing age (time on market) for 2024-04-01 was 44 days. This is -14% shorter than the same period one year ago.

Bend's median square footage for active listings during the 2024-04-01 period was 1,968 sqft. One year prior, the average listing was 1,961 sqft.