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 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 6.62% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Bend's average USDA mortgage closing costs are $7,753.

The average rate for the prior week (2022-11-25) was 6.46% and one month ago for the week of 2022-10-28, the average rate was 6.63%.

The average rate one year ago was 3.32%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.34%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 $449,588 (5.8%) $625,632 (3.3%) 1.67 1,208
2018-02-01 $449,936 (6.5%) $629,561 (5.6%) 1.63 1,182
2018-03-01 $459,000 (4.5%) $633,098 (3.5%) 1.61 1,310
2018-04-01 $474,409 (6.4%) $647,983 (4.8%) 1.61 1,399
2018-05-01 $474,963 (5.2%) $644,799 (5.5%) 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%) $652,926 (3.0%) 1.63 1,799
2018-08-01 $492,000 (4.1%) $651,466 (3.7%) 1.65 1,812
2018-09-01 $495,000 (10.0%) $659,647 (7.2%) 1.66 1,764
2018-10-01 $488,550 (8.1%) $655,468 (6.3%) 1.65 1,632
2018-11-01 $485,000 (7.2%) $665,137 (7.4%) 1.64 1,477
2018-12-01 $489,450 (8.8%) $679,515 (9.6%) 1.69 1,294
2019-01-01 $492,473 (9.5%) $691,833 (10.6%) 1.70 1,183
2019-02-01 $499,450 (11.0%) $680,103 (8.0%) 1.69 1,151
2019-03-01 $510,657 (11.3%) $679,374 (7.3%) 1.67 1,180
2019-04-01 $523,495 (10.4%) $676,417 (4.4%) 1.66 1,234
2019-05-01 $519,000 (9.3%) $678,335 (5.2%) 1.62 1,419
2019-06-01 $517,900 (5.9%) $676,545 (4.6%) 1.62 1,687
2019-07-01 $517,450 (5.8%) $676,402 (3.6%) 1.62 1,758
2019-08-01 $510,636 (3.8%) $667,013 (2.4%) 1.62 1,693
2019-09-01 $504,091 (1.8%) $659,615 (0.0%) 1.61 1,628
2019-10-01 $499,000 (2.1%) $660,344 (0.7%) 1.61 1,546
2019-11-01 $499,000 (2.9%) $673,492 (1.3%) 1.64 1,306
2019-12-01 $499,675 (2.1%) $675,117 (-0.7%) 1.67 1,039
2020-01-01 $494,125 (0.3%) $665,702 (-3.8%) 1.65 929
2020-02-01 $484,000 (-3.1%) $662,027 (-2.7%) 1.58 904
2020-03-01 $487,000 (-4.6%) $658,977 (-3.0%) 1.53 998
2020-04-01 $488,550 (-6.7%) $652,526 (-3.5%) 1.53 1,167
2020-05-01 $499,900 (-3.7%) $643,515 (-5.1%) 1.52 1,173
2020-06-01 $499,900 (-3.5%) $658,811 (-2.6%) 1.47 1,048
2020-07-01 $527,500 (1.9%) $686,586 (1.5%) 1.53 898
2020-08-01 $539,000 (5.6%) $746,881 (12.0%) 1.54 648
2020-09-01 $564,950 (12.1%) $759,704 (15.2%) 1.62 563
2020-10-01 $582,200 (16.7%) $777,750 (17.8%) 1.67 481
2020-11-01 $613,425 (22.9%) $789,956 (17.3%) 1.79 404
2020-12-01 $614,950 (23.1%) $794,535 (17.7%) 1.83 358
2021-01-01 $599,945 (21.4%) $794,911 (19.4%) 1.79 314
2021-02-01 $642,000 (32.6%) $845,270 (27.7%) 1.87 294
2021-03-01 $604,900 (24.2%) $870,098 (32.0%) 1.72 311
2021-04-01 $677,200 (38.6%) $911,967 (39.8%) 1.83 315
2021-05-01 $650,000 (30.0%) $887,285 (37.9%) 1.72 363
2021-06-01 $694,450 (38.9%) $924,957 (40.4%) 1.83 475
2021-07-01 $699,995 (32.7%) $969,131 (41.2%) 1.84 590
2021-08-01 $699,923 (29.9%) $970,334 (29.9%) 1.87 679
2021-09-01 $699,948 (23.9%) $974,329 (28.3%) 1.87 728
2021-10-01 $699,900 (20.2%) $948,294 (21.9%) 1.87 699
2021-11-01 $695,750 (13.4%) $947,647 (20.0%) 1.86 570
2021-12-01 $699,450 (13.7%) $1,000,153 (25.9%) 1.90 425
2022-01-01 $689,000 (14.8%) $1,004,451 (26.4%) 1.86 295
2022-02-01 $741,500 (15.5%) $998,040 (18.1%) 1.93 274
2022-03-01 $724,125 (19.7%) $955,156 (9.8%) 1.81 337
2022-04-01 $750,000 (10.8%) $1,014,487 (11.2%) 1.79 420
2022-05-01 $777,125 (19.6%) $1,021,417 (15.1%) 1.78 650
2022-06-01 $759,500 (9.4%) $987,482 (6.8%) 1.69 818
2022-07-01 $744,000 (6.3%) $980,940 (1.2%) 1.68 1,032
2022-08-01 $722,400 (3.2%) $958,820 (-1.2%) 1.67 1,052
2022-09-01 $699,900 (0.0%) $977,762 (0.4%) 1.64 1,017
2022-10-01 $677,500 (-3.2%) $962,812 (1.5%) 1.59 1,020
2022-11-01 $670,800 (-3.6%) $958,305 (1.1%) 1.61 912
Bend's median listing price for 2022-11-01 was $670,800, a difference of $-24,950 (-3.6%) versus the prior year and $-6,700 versus the prior month.

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

Bend's average listing price for 2022-11-01 was $958,305, a difference of $10,658 (1.1%) versus the prior year and $-4,507 versus the prior month.

For the 2022-11-01 period, Bend had 912 MLS listings, a difference of -108 listings (-11%) versus the prior month and 342 listings (60%) 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
2018-01-01 101 days 2,046 sqft
2018-02-01 89 days 2,029 sqft
2018-03-01 64 days 2,032 sqft
2018-04-01 58 days 2,053 sqft
2018-05-01 57 days 2,071 sqft
2018-06-01 53 days 2,080 sqft
2018-07-01 60 days 2,079 sqft
2018-08-01 70 days 2,082 sqft
2018-09-01 77 days 2,101 sqft
2018-10-01 88 days 2,085 sqft
2018-11-01 98 days 2,079 sqft
2018-12-01 114 days 2,078 sqft
2019-01-01 122 days 2,086 sqft
2019-02-01 114 days 2,092 sqft
2019-03-01 97 days 2,091 sqft
2019-04-01 74 days 2,091 sqft
2019-05-01 48 days 2,096 sqft
2019-06-01 46 days 2,114 sqft
2019-07-01 60 days 2,114 sqft
2019-08-01 72 days 2,094 sqft
2019-09-01 83 days 2,061 sqft
2019-10-01 92 days 2,054 sqft
2019-11-01 100 days 2,072 sqft
2019-12-01 111 days 2,075 sqft
2020-01-01 113 days 2,063 sqft
2020-02-01 96 days 2,033 sqft
2020-03-01 58 days 2,069 sqft
2020-04-01 55 days 2,034 sqft
2020-05-01 73 days 2,049 sqft
2020-06-01 79 days 2,081 sqft
2020-07-01 77 days 2,093 sqft
2020-08-01 78 days 2,084 sqft
2020-09-01 74 days 2,069 sqft
2020-10-01 80 days 2,024 sqft
2020-11-01 79 days 2,044 sqft
2020-12-01 72 days 2,032 sqft
2021-01-01 68 days 2,033 sqft
2021-02-01 48 days 2,025 sqft
2021-03-01 44 days 1,997 sqft
2021-04-01 39 days 2,044 sqft
2021-05-01 36 days 1,988 sqft
2021-06-01 30 days 2,011 sqft
2021-07-01 33 days 2,038 sqft
2021-08-01 37 days 2,017 sqft
2021-09-01 41 days 2,040 sqft
2021-10-01 50 days 2,020 sqft
2021-11-01 63 days 1,985 sqft
2021-12-01 84 days 2,018 sqft
2022-01-01 92 days 1,982 sqft
2022-02-01 41 days 2,007 sqft
2022-03-01 33 days 1,997 sqft
2022-04-01 32 days 2,063 sqft
2022-05-01 30 days 2,034 sqft
2022-06-01 35 days 2,041 sqft
2022-07-01 38 days 2,010 sqft
2022-08-01 52 days 2,004 sqft
2022-09-01 64 days 1,996 sqft
2022-10-01 70 days 1,976 sqft
2022-11-01 75 days 1,950 sqft
Bend's median listing age (time on market) for 2022-11-01 was 75 days. This is 20% longer than the same period one year ago.

Bend's median square footage for active listings during the 2022-11-01 period was 1,950 sqft. One year prior, the average listing was 1,985 sqft.