Coos Bay USDA Loan Rates, Closing Costs & Stats

Coos Bay, OR

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    • 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 7 lenders originated 15 USDA loans during 2023. The total origination value was $3,945,000, with an average USDA loan value of $263,000.

    Coos Bay USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Coos Bay averaged 6.9% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Coos Bay's average USDA mortgage closing costs are $6,695.

    The average rate for the prior week (2024-04-12) was 6.75% and one month ago for the week of 2024-03-15, the average rate was 6.64%.

    The average rate one year ago was 6.18%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 6 5.83% $11,909
    Banner Bank 2 5.63% $6,799
    DIRECTORS MORTGAGE, INC. 2 5.69% $10,998
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $5,815
    Century Mortgage Company DBA Century Lending Company 1 6.50% $12,276
    NEWREZ LLC 1 6.25% $8,713
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $6,630

    The top Coos Bay USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 6 USDA loans originated. Their average total fees are $11,909, which is $5,110 higher than the next largest lender, Banner Bank.

    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
    2024-02-01 $425,000 (-5.2%) $600,212 (2.8%) 0.00 181
    2024-03-01 $399,000 (-9.4%) $593,550 (2.5%) 0.00 173
    Coos Bay's median listing price for 2024-03-01 was $399,000, a difference of $-41,250 (-9.4%) versus the prior year and $-26,000 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 2024-03-01 was $593,550, a difference of $14,195 (2.5%) versus the prior year and $-6,662 versus the prior month.

    For the 2024-03-01 period, Coos Bay had 173 MLS listings, a difference of -8 listings (-4%) versus the prior month and 38 listings (28%) 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
    2024-02-01 0 days 1,761 sqft
    2024-03-01 0 days 1,660 sqft
    Coos Bay's median listing age (time on market) for 2024-03-01 was 0 days.

    Coos Bay's median square footage for active listings during the 2024-03-01 period was 1,660 sqft. One year prior, the average listing was 1,762 sqft.