Corvallis USDA Loan Rates, Closing Costs & Stats
CORVALLIS, 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.
Corvallis's 1 lenders originated 1 USDA loans during 2023. The total origination value was $285,000, with an average USDA loan value of $285,000.
Corvallis USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Corvallis
averaged
6.46%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Corvallis's average USDA mortgage closing costs are $9,264.
The average rate for the prior week (2024-12-06) was
6.5% and
one month ago for the week of 2024-11-08, the
average rate was 6.52%.
The average rate one year ago was 6.58%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.5%.
Corvallis 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 Corvallis level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| NEWREZ LLC | 1 | 6.99% | $14,276 |
The lowest fee Corvallis USDA lenders (with over 10 loans originated) are
.
The lowest rate Corvallis USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Corvallis (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 | $449,923 (20.0%) | $544,192 (11.0%) | 0.00 | 124 |
| 2018-02-01 | $449,675 (18.8%) | $549,255 (12.2%) | 0.00 | 116 |
| 2018-03-01 | $449,000 (16.0%) | $571,834 (19.2%) | 0.00 | 137 |
| 2018-04-01 | $468,167 (17.3%) | $590,412 (22.0%) | 0.00 | 150 |
| 2018-05-01 | $453,897 (13.8%) | $592,672 (22.0%) | 0.00 | 160 |
| 2018-06-01 | $489,000 (24.6%) | $623,998 (32.2%) | 0.00 | 167 |
| 2018-07-01 | $475,000 (9.2%) | $571,624 (4.7%) | 0.00 | 172 |
| 2018-08-01 | $449,900 (4.7%) | $539,787 (-1.5%) | 0.00 | 197 |
| 2018-09-01 | $457,250 (7.6%) | $548,332 (1.6%) | 0.00 | 189 |
| 2018-10-01 | $442,450 (1.7%) | $585,874 (13.1%) | 0.00 | 206 |
| 2018-11-01 | $437,500 (-2.8%) | $590,115 (10.0%) | 0.00 | 201 |
| 2018-12-01 | $479,900 (6.7%) | $606,621 (14.9%) | 0.00 | 171 |
| 2019-01-01 | $493,750 (9.7%) | $636,854 (17.0%) | 0.00 | 150 |
| 2019-02-01 | $489,750 (8.9%) | $661,055 (20.4%) | 0.00 | 147 |
| 2019-03-01 | $466,143 (3.8%) | $640,962 (12.1%) | 0.00 | 160 |
| 2019-04-01 | $432,475 (-7.6%) | $613,336 (3.9%) | 0.00 | 168 |
| 2019-05-01 | $449,450 (-1.0%) | $601,887 (1.6%) | 0.00 | 180 |
| 2019-06-01 | $469,000 (-4.1%) | $568,783 (-8.9%) | 0.00 | 197 |
| 2019-07-01 | $464,450 (-2.2%) | $536,785 (-6.1%) | 0.00 | 229 |
| 2019-08-01 | $463,805 (3.1%) | $528,303 (-2.1%) | 0.00 | 231 |
| 2019-09-01 | $456,011 (-0.3%) | $524,875 (-4.3%) | 0.00 | 226 |
| 2019-10-01 | $449,925 (1.7%) | $522,216 (-10.9%) | 0.00 | 218 |
| 2019-11-01 | $445,000 (1.7%) | $522,360 (-11.5%) | 0.00 | 204 |
| 2019-12-01 | $444,750 (-7.3%) | $531,469 (-12.4%) | 0.00 | 198 |
| 2020-01-01 | $437,950 (-11.3%) | $534,988 (-16.0%) | 0.00 | 176 |
| 2020-02-01 | $438,000 (-10.6%) | $542,080 (-18.0%) | 0.00 | 154 |
| 2020-03-01 | $449,875 (-3.5%) | $536,583 (-16.3%) | 0.00 | 165 |
| 2020-04-01 | $447,500 (3.5%) | $525,302 (-14.4%) | 0.00 | 180 |
| 2020-05-01 | $438,200 (-2.5%) | $513,100 (-14.8%) | 0.00 | 176 |
| 2020-06-01 | $438,875 (-6.4%) | $515,067 (-9.4%) | 0.00 | 168 |
| 2020-07-01 | $447,875 (-3.6%) | $526,101 (-2.0%) | 0.00 | 152 |
| 2020-08-01 | $458,950 (-1.1%) | $528,478 (0.0%) | 0.00 | 127 |
| 2020-09-01 | $480,725 (5.4%) | $569,333 (8.5%) | 0.00 | 112 |
| 2020-10-01 | $470,000 (4.5%) | $566,751 (8.5%) | 0.00 | 104 |
| 2020-11-01 | $448,000 (0.7%) | $534,417 (2.3%) | 0.00 | 106 |
| 2020-12-01 | $446,750 (0.5%) | $531,749 (0.1%) | 0.00 | 96 |
| 2021-01-01 | $444,500 (1.5%) | $518,812 (-3.0%) | 0.00 | 92 |
| 2021-02-01 | $445,000 (1.6%) | $533,430 (-1.6%) | 0.00 | 87 |
| 2021-03-01 | $445,000 (-1.1%) | $542,957 (1.2%) | 0.00 | 84 |
| 2021-04-01 | $445,050 (-0.6%) | $554,053 (5.5%) | 0.00 | 76 |
| 2021-05-01 | $484,950 (10.7%) | $613,940 (19.7%) | 0.00 | 76 |
| 2021-06-01 | $543,750 (23.9%) | $642,871 (24.8%) | 0.00 | 89 |
| 2021-07-01 | $510,492 (14.0%) | $613,617 (16.6%) | 0.00 | 109 |
| 2021-08-01 | $493,725 (7.6%) | $574,290 (8.7%) | 0.00 | 98 |
| 2021-09-01 | $503,175 (4.7%) | $587,432 (3.2%) | 0.00 | 100 |
| 2021-10-01 | $523,650 (11.4%) | $655,251 (15.6%) | 0.00 | 107 |
| 2021-11-01 | $537,205 (19.9%) | $720,150 (34.8%) | 0.00 | 90 |
| 2021-12-01 | $514,748 (15.2%) | $723,461 (36.1%) | 0.00 | 75 |
| 2022-01-01 | $525,000 (18.1%) | $744,242 (43.5%) | 0.00 | 64 |
| 2022-02-01 | $533,875 (20.0%) | $770,534 (44.5%) | 0.00 | 56 |
| 2022-03-01 | $510,619 (14.8%) | $747,532 (37.7%) | 0.00 | 53 |
| 2022-04-01 | $511,312 (14.9%) | $659,866 (19.1%) | 0.00 | 56 |
| 2022-05-01 | $577,250 (19.0%) | $656,786 (7.0%) | 0.00 | 74 |
| 2022-06-01 | $578,305 (6.4%) | $686,171 (6.7%) | 0.00 | 95 |
| 2022-07-01 | $564,000 (10.5%) | $627,544 (2.3%) | 0.00 | 106 |
| 2022-08-01 | $573,125 (16.1%) | $639,984 (11.4%) | 0.00 | 109 |
| 2022-09-01 | $579,950 (15.3%) | $680,237 (15.8%) | 0.00 | 106 |
| 2022-10-01 | $576,766 (10.1%) | $711,739 (8.6%) | 0.00 | 101 |
| 2022-11-01 | $581,963 (8.3%) | $720,621 (0.1%) | 0.00 | 95 |
| 2022-12-01 | $588,500 (14.3%) | $717,314 (-0.9%) | 0.00 | 91 |
| 2023-01-01 | $575,749 (9.7%) | $698,686 (-6.1%) | 0.00 | 82 |
| 2023-02-01 | $565,001 (5.8%) | $667,341 (-13.4%) | 0.00 | 88 |
| 2023-03-01 | $581,725 (13.9%) | $708,011 (-5.3%) | 0.00 | 81 |
| 2023-04-01 | $578,475 (13.1%) | $699,986 (6.1%) | 0.00 | 74 |
| 2023-05-01 | $589,095 (2.1%) | $711,266 (8.3%) | 0.00 | 79 |
| 2023-06-01 | $595,345 (3.0%) | $705,660 (2.8%) | 0.00 | 93 |
| 2023-07-01 | $589,950 (4.6%) | $709,656 (13.1%) | 0.00 | 107 |
| 2023-08-01 | $599,675 (4.6%) | $703,622 (9.9%) | 0.00 | 115 |
| 2023-09-01 | $594,000 (2.4%) | $695,846 (2.3%) | 0.00 | 116 |
| 2023-10-01 | $592,000 (2.6%) | $665,715 (-6.5%) | 0.00 | 115 |
| 2023-11-01 | $595,750 (2.4%) | $690,811 (-4.1%) | 0.00 | 116 |
| 2023-12-01 | $599,900 (1.9%) | $681,293 (-5.0%) | 0.00 | 113 |
| 2024-01-01 | $602,739 (4.7%) | $687,478 (-1.6%) | 0.00 | 106 |
| 2024-02-01 | $591,728 (4.7%) | $691,703 (3.7%) | 0.00 | 90 |
| 2024-03-01 | $593,210 (2.0%) | $699,522 (-1.2%) | 0.00 | 81 |
| 2024-04-01 | $637,950 (10.3%) | $708,773 (1.3%) | 0.00 | 102 |
| 2024-05-01 | $648,950 (10.2%) | $724,830 (1.9%) | 0.00 | 129 |
| 2024-06-01 | $649,900 (9.2%) | $775,041 (9.8%) | 0.00 | 164 |
| 2024-07-01 | $636,225 (7.8%) | $780,028 (9.9%) | 0.00 | 183 |
| 2024-08-01 | $652,450 (8.8%) | $806,798 (14.7%) | 0.00 | 184 |
| 2024-09-01 | $653,675 (10.1%) | $819,766 (17.8%) | 0.00 | 180 |
| 2024-10-01 | $658,725 (11.3%) | $863,500 (29.7%) | 0.00 | 176 |
| 2024-11-01 | $675,000 (13.3%) | $857,155 (24.1%) | 0.00 | 151 |
Corvallis's median listing price comes in at 0% of the national average.
Corvallis's average listing price for 2024-11-01 was $857,155, a difference of $166,344 (24.1%) versus the prior year and $-6,345 versus the prior month.
For the 2024-11-01 period, Corvallis had 151 MLS listings, a difference of -25 listings (-14%) versus the prior month and 35 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Corvallis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,259 sqft |
| 2018-02-01 | 0 days | 2,317 sqft |
| 2018-03-01 | 0 days | 2,116 sqft |
| 2018-04-01 | 0 days | 2,324 sqft |
| 2018-05-01 | 0 days | 2,239 sqft |
| 2018-06-01 | 0 days | 2,327 sqft |
| 2018-07-01 | 0 days | 2,327 sqft |
| 2018-08-01 | 0 days | 2,208 sqft |
| 2018-09-01 | 0 days | 2,309 sqft |
| 2018-10-01 | 0 days | 2,201 sqft |
| 2018-11-01 | 0 days | 2,114 sqft |
| 2018-12-01 | 0 days | 2,290 sqft |
| 2019-01-01 | 0 days | 2,334 sqft |
| 2019-02-01 | 0 days | 2,320 sqft |
| 2019-03-01 | 0 days | 2,226 sqft |
| 2019-04-01 | 0 days | 2,106 sqft |
| 2019-05-01 | 0 days | 2,079 sqft |
| 2019-06-01 | 0 days | 2,120 sqft |
| 2019-07-01 | 0 days | 2,150 sqft |
| 2019-08-01 | 0 days | 2,177 sqft |
| 2019-09-01 | 0 days | 2,215 sqft |
| 2019-10-01 | 0 days | 2,268 sqft |
| 2019-11-01 | 0 days | 2,255 sqft |
| 2019-12-01 | 0 days | 2,196 sqft |
| 2020-01-01 | 0 days | 2,145 sqft |
| 2020-02-01 | 0 days | 2,284 sqft |
| 2020-03-01 | 0 days | 2,338 sqft |
| 2020-04-01 | 0 days | 2,296 sqft |
| 2020-05-01 | 0 days | 2,201 sqft |
| 2020-06-01 | 0 days | 2,188 sqft |
| 2020-07-01 | 0 days | 2,101 sqft |
| 2020-08-01 | 0 days | 2,092 sqft |
| 2020-09-01 | 0 days | 2,070 sqft |
| 2020-10-01 | 0 days | 2,046 sqft |
| 2020-11-01 | 0 days | 2,052 sqft |
| 2020-12-01 | 0 days | 2,060 sqft |
| 2021-01-01 | 0 days | 1,940 sqft |
| 2021-02-01 | 0 days | 1,858 sqft |
| 2021-03-01 | 0 days | 1,896 sqft |
| 2021-04-01 | 0 days | 1,868 sqft |
| 2021-05-01 | 0 days | 2,052 sqft |
| 2021-06-01 | 0 days | 2,192 sqft |
| 2021-07-01 | 0 days | 2,054 sqft |
| 2021-08-01 | 0 days | 1,822 sqft |
| 2021-09-01 | 0 days | 1,892 sqft |
| 2021-10-01 | 0 days | 1,963 sqft |
| 2021-11-01 | 0 days | 2,237 sqft |
| 2021-12-01 | 0 days | 2,088 sqft |
| 2022-01-01 | 0 days | 1,971 sqft |
| 2022-02-01 | 0 days | 2,117 sqft |
| 2022-03-01 | 0 days | 1,890 sqft |
| 2022-04-01 | 0 days | 1,872 sqft |
| 2022-05-01 | 0 days | 2,028 sqft |
| 2022-06-01 | 0 days | 1,962 sqft |
| 2022-07-01 | 0 days | 1,850 sqft |
| 2022-08-01 | 0 days | 1,906 sqft |
| 2022-09-01 | 0 days | 2,098 sqft |
| 2022-10-01 | 0 days | 2,061 sqft |
| 2022-11-01 | 0 days | 2,053 sqft |
| 2022-12-01 | 0 days | 2,100 sqft |
| 2023-01-01 | 0 days | 1,971 sqft |
| 2023-02-01 | 0 days | 1,797 sqft |
| 2023-03-01 | 0 days | 2,014 sqft |
| 2023-04-01 | 0 days | 1,898 sqft |
| 2023-05-01 | 0 days | 2,104 sqft |
| 2023-06-01 | 0 days | 2,119 sqft |
| 2023-07-01 | 0 days | 2,031 sqft |
| 2023-08-01 | 0 days | 2,042 sqft |
| 2023-09-01 | 0 days | 2,040 sqft |
| 2023-10-01 | 0 days | 2,118 sqft |
| 2023-11-01 | 0 days | 2,071 sqft |
| 2023-12-01 | 0 days | 2,071 sqft |
| 2024-01-01 | 0 days | 2,070 sqft |
| 2024-02-01 | 0 days | 2,067 sqft |
| 2024-03-01 | 0 days | 2,065 sqft |
| 2024-04-01 | 0 days | 2,092 sqft |
| 2024-05-01 | 0 days | 2,126 sqft |
| 2024-06-01 | 0 days | 2,156 sqft |
| 2024-07-01 | 0 days | 2,122 sqft |
| 2024-08-01 | 0 days | 2,172 sqft |
| 2024-09-01 | 0 days | 2,191 sqft |
| 2024-10-01 | 0 days | 2,302 sqft |
| 2024-11-01 | 0 days | 2,331 sqft |
Corvallis's median square footage for active listings during the 2024-11-01 period was 2,331 sqft. One year prior, the average listing was 2,071 sqft.