Coos Bay USDA Loan Rates, Closing Costs & Stats

Coos Bay, 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.

Coos Bay's 3 lenders originated 16 USDA loans during 2022. The total origination value was $4,180,000, with an average USDA loan value of $261,250.

Coos Bay USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Coos Bay averaged 6.11% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Coos Bay's average USDA mortgage closing costs are $6,513.

The average rate for the prior week (2024-02-23) was 6.46% and one month ago for the week of 2024-01-26, the average rate was 6.02%.

The average rate one year ago was 5.98%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.45%.

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

Coos Bay 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 Coos Bay level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
GUILD MORTGAGE COMPANY 9 4.65% $11,451
DIRECTORS MORTGAGE, INC. 4 4.44% $11,552
Banner Bank 2 3.19% $6,418

The top Coos Bay USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 9 USDA loans originated. Their average total fees are $11,451, which is $101 lower than the next largest lender, DIRECTORS MORTGAGE, INC..

The lowest fee Coos Bay USDA lenders (with over 10 loans originated) are .

The lowest rate Coos Bay USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Coos Bay (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 $264,500 (2.1%) $375,288 (10.6%) 0.00 255
2018-02-01 $255,000 (6.7%) $358,366 (8.1%) 0.00 264
2018-03-01 $260,000 (-4.0%) $368,325 (8.9%) 0.00 264
2018-04-01 $289,950 (3.9%) $384,347 (8.0%) 0.00 256
2018-05-01 $294,450 (-1.3%) $387,459 (7.3%) 0.00 263
2018-06-01 $275,000 (-7.9%) $368,719 (-1.0%) 0.00 317
2018-07-01 $271,175 (-7.3%) $365,216 (-3.9%) 0.00 355
2018-08-01 $271,175 (-3.9%) $363,050 (-2.1%) 0.00 359
2018-09-01 $269,000 (-3.6%) $367,307 (1.2%) 0.00 348
2018-10-01 $265,000 (-7.6%) $362,427 (-2.1%) 0.00 327
2018-11-01 $265,000 (-1.8%) $364,341 (-0.2%) 0.00 278
2018-12-01 $264,450 (-2.1%) $367,105 (-4.7%) 0.00 250
2019-01-01 $257,500 (-2.7%) $362,876 (-3.3%) 0.00 232
2019-02-01 $282,000 (10.6%) $373,025 (4.1%) 0.00 227
2019-03-01 $289,429 (11.3%) $372,398 (1.1%) 0.00 230
2019-04-01 $290,000 (0.0%) $372,253 (-3.2%) 0.00 238
2019-05-01 $289,250 (-1.8%) $373,320 (-3.7%) 0.00 250
2019-06-01 $289,000 (5.1%) $368,781 (0.0%) 0.00 302
2019-07-01 $289,500 (6.8%) $374,932 (2.7%) 0.00 308
2019-08-01 $311,909 (15.0%) $394,362 (8.6%) 0.00 309
2019-09-01 $315,898 (17.4%) $398,091 (8.4%) 0.00 307
2019-10-01 $318,557 (20.2%) $395,002 (9.0%) 0.00 296
2019-11-01 $319,900 (20.7%) $457,244 (25.5%) 0.00 274
2019-12-01 $319,700 (20.9%) $465,215 (26.7%) 0.00 240
2020-01-01 $322,500 (25.2%) $466,809 (28.6%) 0.00 226
2020-02-01 $319,500 (13.3%) $470,264 (26.1%) 0.00 217
2020-03-01 $318,000 (9.9%) $442,137 (18.7%) 0.00 228
2020-04-01 $303,500 (4.7%) $435,211 (16.9%) 0.00 236
2020-05-01 $319,000 (10.3%) $438,195 (17.4%) 0.00 221
2020-06-01 $345,000 (19.4%) $477,679 (29.5%) 0.00 184
2020-07-01 $331,375 (14.5%) $477,557 (27.4%) 0.00 173
2020-08-01 $339,999 (9.0%) $505,139 (28.1%) 0.00 150
2020-09-01 $348,750 (10.4%) $550,977 (38.4%) 0.00 137
2020-10-01 $350,000 (9.9%) $561,383 (42.1%) 0.00 125
2020-11-01 $351,250 (9.8%) $468,696 (2.5%) 0.00 126
2020-12-01 $294,250 (-8.0%) $440,909 (-5.2%) 0.00 109
2021-01-01 $317,500 (-1.6%) $450,861 (-3.4%) 0.00 90
2021-02-01 $267,250 (-16.4%) $430,722 (-8.4%) 0.00 77
2021-03-01 $334,500 (5.2%) $446,676 (1.0%) 0.00 85
2021-04-01 $349,000 (15.0%) $454,435 (4.4%) 0.00 88
2021-05-01 $325,000 (1.9%) $464,875 (6.1%) 0.00 104
2021-06-01 $337,250 (-2.3%) $445,806 (-6.7%) 0.00 125
2021-07-01 $350,000 (5.6%) $460,968 (-3.5%) 0.00 146
2021-08-01 $362,500 (6.6%) $509,644 (0.9%) 0.00 159
2021-09-01 $366,250 (5.0%) $543,487 (-1.4%) 0.00 147
2021-10-01 $359,000 (2.6%) $556,166 (-0.9%) 0.00 132
2021-11-01 $372,450 (6.0%) $600,994 (28.2%) 0.00 121
2021-12-01 $363,500 (23.5%) $586,723 (33.1%) 0.00 99
2022-01-01 $399,000 (25.7%) $609,232 (35.1%) 0.00 79
2022-02-01 $388,250 (45.3%) $643,819 (49.5%) 0.00 73
2022-03-01 $432,500 (29.3%) $645,280 (44.5%) 0.00 80
2022-04-01 $412,500 (18.2%) $607,704 (33.7%) 0.00 96
2022-05-01 $399,725 (23.0%) $575,052 (23.7%) 0.00 106
2022-06-01 $416,894 (23.6%) $562,049 (26.1%) 0.00 135
2022-07-01 $409,000 (16.9%) $539,950 (17.1%) 0.00 162
2022-08-01 $431,200 (19.0%) $552,077 (8.3%) 0.00 179
2022-09-01 $423,000 (15.5%) $559,928 (3.0%) 0.00 176
2022-10-01 $429,000 (19.5%) $568,395 (2.2%) 0.00 175
2022-11-01 $428,500 (15.1%) $564,280 (-6.1%) 0.00 177
2022-12-01 $425,000 (16.9%) $585,800 (-0.2%) 0.00 154
2023-01-01 $442,250 (10.8%) $606,695 (-0.4%) 0.00 152
2023-02-01 $448,250 (15.5%) $583,878 (-9.3%) 0.00 145
2023-03-01 $440,250 (1.8%) $579,355 (-10.2%) 0.00 135
2023-04-01 $439,000 (6.4%) $563,718 (-7.2%) 0.00 147
2023-05-01 $427,500 (7.0%) $553,686 (-3.7%) 0.00 170
2023-06-01 $454,500 (9.0%) $580,119 (3.2%) 0.00 190
2023-07-01 $449,000 (9.8%) $574,647 (6.4%) 0.00 235
2023-08-01 $449,700 (4.3%) $594,908 (7.8%) 0.00 242
2023-09-01 $435,000 (2.8%) $584,560 (4.4%) 0.00 228
2023-10-01 $439,000 (2.3%) $604,660 (6.4%) 0.00 222
2023-11-01 $426,000 (-0.6%) $600,918 (6.5%) 0.00 225
2023-12-01 $429,000 (0.9%) $601,317 (2.7%) 0.00 210
2024-01-01 $448,500 (1.4%) $626,727 (3.3%) 0.00 188
Coos Bay's median listing price for 2024-01-01 was $448,500, a difference of $6,250 (1.4%) versus the prior year and $19,500 versus the prior month.

Coos Bay's median listing price comes in at 0% of the national average.

Coos Bay's average listing price for 2024-01-01 was $626,727, a difference of $20,032 (3.3%) versus the prior year and $25,410 versus the prior month.

For the 2024-01-01 period, Coos Bay had 188 MLS listings, a difference of -22 listings (-10%) versus the prior month and 36 listings (24%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Coos Bay (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,730 sqft
2018-02-01 0 days 1,744 sqft
2018-03-01 0 days 1,787 sqft
2018-04-01 0 days 1,841 sqft
2018-05-01 0 days 1,800 sqft
2018-06-01 0 days 1,781 sqft
2018-07-01 0 days 1,755 sqft
2018-08-01 0 days 1,738 sqft
2018-09-01 0 days 1,773 sqft
2018-10-01 0 days 1,780 sqft
2018-11-01 0 days 1,774 sqft
2018-12-01 0 days 1,736 sqft
2019-01-01 0 days 1,729 sqft
2019-02-01 0 days 1,751 sqft
2019-03-01 0 days 1,743 sqft
2019-04-01 0 days 1,725 sqft
2019-05-01 0 days 1,736 sqft
2019-06-01 0 days 1,728 sqft
2019-07-01 0 days 1,765 sqft
2019-08-01 0 days 1,805 sqft
2019-09-01 0 days 1,814 sqft
2019-10-01 0 days 1,825 sqft
2019-11-01 0 days 1,845 sqft
2019-12-01 0 days 1,836 sqft
2020-01-01 0 days 1,798 sqft
2020-02-01 0 days 1,882 sqft
2020-03-01 0 days 1,844 sqft
2020-04-01 0 days 1,826 sqft
2020-05-01 0 days 1,860 sqft
2020-06-01 0 days 1,877 sqft
2020-07-01 0 days 1,869 sqft
2020-08-01 0 days 1,873 sqft
2020-09-01 0 days 1,860 sqft
2020-10-01 0 days 1,838 sqft
2020-11-01 0 days 1,693 sqft
2020-12-01 0 days 1,508 sqft
2021-01-01 0 days 1,680 sqft
2021-02-01 0 days 1,646 sqft
2021-03-01 0 days 1,698 sqft
2021-04-01 0 days 1,634 sqft
2021-05-01 0 days 1,582 sqft
2021-06-01 0 days 1,650 sqft
2021-07-01 0 days 1,759 sqft
2021-08-01 0 days 1,795 sqft
2021-09-01 0 days 1,780 sqft
2021-10-01 0 days 1,693 sqft
2021-11-01 0 days 1,686 sqft
2021-12-01 0 days 1,701 sqft
2022-01-01 0 days 1,708 sqft
2022-02-01 0 days 1,583 sqft
2022-03-01 0 days 1,728 sqft
2022-04-01 0 days 1,786 sqft
2022-05-01 0 days 1,752 sqft
2022-06-01 0 days 1,654 sqft
2022-07-01 0 days 1,616 sqft
2022-08-01 0 days 1,683 sqft
2022-09-01 0 days 1,693 sqft
2022-10-01 0 days 1,825 sqft
2022-11-01 0 days 1,746 sqft
2022-12-01 0 days 1,823 sqft
2023-01-01 0 days 1,784 sqft
2023-02-01 0 days 1,782 sqft
2023-03-01 0 days 1,762 sqft
2023-04-01 0 days 1,756 sqft
2023-05-01 0 days 1,802 sqft
2023-06-01 0 days 1,831 sqft
2023-07-01 0 days 1,798 sqft
2023-08-01 0 days 1,820 sqft
2023-09-01 0 days 1,763 sqft
2023-10-01 0 days 1,722 sqft
2023-11-01 0 days 1,742 sqft
2023-12-01 0 days 1,760 sqft
2024-01-01 0 days 1,808 sqft
Coos Bay's median listing age (time on market) for 2024-01-01 was 0 days.

Coos Bay's median square footage for active listings during the 2024-01-01 period was 1,808 sqft. One year prior, the average listing was 1,784 sqft.