Eugene USDA Loan Rates, Closing Costs & Stats

EUGENE-SPRINGFIELD, 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.

Eugene's 29 lenders originated 76 USDA loans during 2021. The total origination value was $23,080,000, with an average USDA loan value of $303,684.

Eugene USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Eugene averaged 6.01% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

Eugene's average USDA mortgage closing costs are $6,986.

The average rate for the prior week (2023-01-20) was 6.2% and one month ago for the week of 2022-12-23, the average rate was 6.53%.

The average rate one year ago was 3.98%.

For refis of the same type during the week of 2023-01-27, the average rate was 6.11%.

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

Eugene 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 Eugene level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
SUMMIT FUNDING, INC. 13 2.96% $9,677
Sierra Pacific Mortgage Company, Inc. 11 2.52% $7,411
FINANCE OF AMERICA MORTGAGE LLC 6 3.04% $8,810
CROSSCOUNTRY MORTGAGE, LLC 5 2.95% $10,227
GUILD MORTGAGE COMPANY 5 2.88% $7,769
NEWREZ LLC 3 2.33% $8,064
CMG MORTGAGE, INC. 3 2.46% $6,947
MANN FINANCIAL INC. 2 2.75% $6,940
PREMIER MORTGAGE RESOURCES, L.L.C. 2 2.69% $7,875
UNITED WHOLESALE MORTGAGE, LLC 2 2.81% $10,247
Hometown Equity Mortgage, LLC 2 2.50% $5,858
CALIBER HOME LOANS, INC. 2 2.75% $5,949
SUMMIT MORTGAGE CORPORATION 1 3.25% $4,826
Umpqua Bank 1 3.00% $6,988
U.S. Bank 1 2.13% $9,185
Wells Fargo Bank 1 3.75% $3,490
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.38% $16,627
Willamette Valley Bank 1 3.25% $8,479
Banner Bank 1 2.25% $6,119
CHERRY CREEK MORTGAGE, LLC 1 2.75% $7,778
DIRECTORS MORTGAGE, INC. 1 2.75% $8,439
Equity Prime Mortgage LLC 1 2.63% $4,435
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.13% $10,912
First Guaranty Mortgage Corporation 1 2.88% $6,291
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.25% $6,058
HOME POINT FINANCIAL CORPORATION 1 2.49% $8,606
LOANDEPOT.COM, LLC 1 3.25% $9,448
NATIONS DIRECT MORTGAGE, LLC 1 2.75% $8,859
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.13% $7,395

The top Eugene USDA lender as defined by loan originations is SUMMIT FUNDING, INC., with 13 USDA loans originated. Their average total fees are $9,677, which is $2,266 higher than the next largest lender, Sierra Pacific Mortgage Company, Inc..

The lowest fee Eugene USDA lenders (with over 10 loans originated) are Sierra Pacific Mortgage Company, Inc. ($7,411), SUMMIT FUNDING, INC. ($9,677), .

The lowest rate Eugene USDA lenders (with over 10 loans originated) are Sierra Pacific Mortgage Company, Inc. (2.52%), SUMMIT FUNDING, INC. (2.96%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Eugene (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 $343,995 (5.8%) $426,466 (2.2%) 1.28 658
2018-02-01 $372,450 (8.2%) $464,865 (6.4%) 1.35 598
2018-03-01 $394,950 (13.2%) $476,747 (8.2%) 1.39 599
2018-04-01 $402,223 (15.0%) $489,215 (10.0%) 1.36 654
2018-05-01 $407,845 (11.1%) $498,728 (11.1%) 1.36 698
2018-06-01 $385,000 (7.1%) $472,105 (7.6%) 1.28 873
2018-07-01 $389,600 (11.4%) $481,137 (11.6%) 1.30 916
2018-08-01 $372,450 (8.0%) $470,820 (12.3%) 1.25 1,037
2018-09-01 $369,000 (10.2%) $467,815 (13.8%) 1.24 1,013
2018-10-01 $369,000 (8.6%) $465,230 (11.3%) 1.25 953
2018-11-01 $361,850 (3.4%) $461,420 (7.3%) 1.23 909
2018-12-01 $365,000 (7.4%) $471,009 (9.6%) 1.26 785
2019-01-01 $367,725 (6.9%) $475,872 (11.6%) 1.27 655
2019-02-01 $382,450 (2.7%) $480,228 (3.3%) 1.29 627
2019-03-01 $385,671 (-2.4%) $476,130 (-0.1%) 1.26 605
2019-04-01 $379,675 (-5.6%) $455,739 (-6.8%) 1.21 626
2019-05-01 $383,620 (-5.9%) $457,595 (-8.3%) 1.20 707
2019-06-01 $385,000 (0.0%) $464,945 (-1.5%) 1.20 796
2019-07-01 $398,975 (2.4%) $474,798 (-1.3%) 1.25 802
2019-08-01 $395,964 (6.3%) $471,345 (0.1%) 1.25 799
2019-09-01 $392,609 (6.4%) $469,922 (0.5%) 1.26 804
2019-10-01 $390,373 (5.8%) $467,281 (0.4%) 1.26 794
2019-11-01 $397,750 (9.9%) $473,203 (2.6%) 1.30 674
2019-12-01 $399,000 (9.3%) $473,432 (0.5%) 1.33 533
2020-01-01 $399,000 (8.5%) $471,687 (-0.9%) 1.33 496
2020-02-01 $399,000 (4.3%) $477,299 (-0.6%) 1.30 461
2020-03-01 $402,500 (4.4%) $479,844 (0.8%) 1.26 513
2020-04-01 $399,500 (5.2%) $467,999 (2.7%) 1.25 644
2020-05-01 $419,000 (9.2%) $477,338 (4.3%) 1.27 638
2020-06-01 $434,225 (12.8%) $492,936 (6.0%) 1.28 584
2020-07-01 $421,000 (5.5%) $492,853 (3.8%) 1.22 522
2020-08-01 $425,000 (7.3%) $501,027 (6.3%) 1.22 491
2020-09-01 $434,250 (10.6%) $509,510 (8.4%) 1.24 483
2020-10-01 $424,000 (8.6%) $512,310 (9.6%) 1.21 451
2020-11-01 $410,000 (3.1%) $512,653 (8.3%) 1.20 374
2020-12-01 $420,000 (5.3%) $535,975 (13.2%) 1.25 324
2021-01-01 $425,000 (6.5%) $539,997 (14.5%) 1.27 266
2021-02-01 $414,975 (4.0%) $524,756 (9.9%) 1.21 253
2021-03-01 $433,469 (7.7%) $546,055 (13.8%) 1.23 247
2021-04-01 $434,000 (8.6%) $557,426 (19.1%) 1.17 263
2021-05-01 $449,900 (7.4%) $565,533 (18.5%) 1.19 309
2021-06-01 $450,000 (3.6%) $588,048 (19.3%) 1.18 347
2021-07-01 $449,900 (6.9%) $578,778 (17.4%) 1.18 399
2021-08-01 $461,950 (8.7%) $602,525 (20.3%) 1.23 455
2021-09-01 $454,218 (4.6%) $603,394 (18.4%) 1.21 426
2021-10-01 $455,000 (7.3%) $603,829 (17.9%) 1.21 401
2021-11-01 $467,450 (14.0%) $624,598 (21.8%) 1.25 343
2021-12-01 $460,625 (9.7%) $615,091 (14.8%) 1.25 266
2022-01-01 $462,500 (8.8%) $623,247 (15.4%) 1.25 236
2022-02-01 $467,500 (12.7%) $645,483 (23.0%) 1.22 233
2022-03-01 $462,500 (6.7%) $610,020 (11.7%) 1.16 245
2022-04-01 $484,500 (11.6%) $611,022 (9.6%) 1.16 261
2022-05-01 $492,900 (9.6%) $619,503 (9.5%) 1.13 364
2022-06-01 $504,875 (12.2%) $608,437 (3.5%) 1.12 439
2022-07-01 $512,450 (13.9%) $618,474 (6.9%) 1.16 584
2022-08-01 $508,945 (10.2%) $614,709 (2.0%) 1.18 576
2022-09-01 $501,448 (10.4%) $630,334 (4.5%) 1.17 527
2022-10-01 $508,500 (11.8%) $637,347 (5.6%) 1.20 539
2022-11-01 $499,950 (7.0%) $627,584 (0.5%) 1.20 519
2022-12-01 $500,000 (8.6%) $623,851 (1.4%) 1.25 444
Eugene's median listing price for 2022-12-01 was $500,000, a difference of $39,375 (8.6%) versus the prior year and $50 versus the prior month.

Eugene's median listing price comes in at 125% of the national average.

Eugene's average listing price for 2022-12-01 was $623,851, a difference of $8,760 (1.4%) versus the prior year and $-3,733 versus the prior month.

For the 2022-12-01 period, Eugene had 444 MLS listings, a difference of -75 listings (-14%) versus the prior month and 178 listings (67%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Eugene (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 83 days 1,910 sqft
2018-02-01 65 days 1,965 sqft
2018-03-01 49 days 2,000 sqft
2018-04-01 44 days 2,046 sqft
2018-05-01 39 days 2,058 sqft
2018-06-01 36 days 1,951 sqft
2018-07-01 41 days 1,939 sqft
2018-08-01 42 days 1,929 sqft
2018-09-01 50 days 1,912 sqft
2018-10-01 59 days 1,902 sqft
2018-11-01 59 days 1,858 sqft
2018-12-01 63 days 1,851 sqft
2019-01-01 73 days 1,847 sqft
2019-02-01 68 days 1,888 sqft
2019-03-01 56 days 1,880 sqft
2019-04-01 39 days 1,842 sqft
2019-05-01 29 days 1,877 sqft
2019-06-01 35 days 1,876 sqft
2019-07-01 39 days 1,960 sqft
2019-08-01 43 days 1,944 sqft
2019-09-01 48 days 1,939 sqft
2019-10-01 52 days 1,936 sqft
2019-11-01 68 days 1,958 sqft
2019-12-01 84 days 1,931 sqft
2020-01-01 83 days 1,927 sqft
2020-02-01 58 days 1,950 sqft
2020-03-01 50 days 1,925 sqft
2020-04-01 44 days 1,866 sqft
2020-05-01 64 days 1,916 sqft
2020-06-01 68 days 1,952 sqft
2020-07-01 51 days 1,934 sqft
2020-08-01 49 days 1,935 sqft
2020-09-01 48 days 1,844 sqft
2020-10-01 53 days 1,810 sqft
2020-11-01 73 days 1,707 sqft
2020-12-01 80 days 1,702 sqft
2021-01-01 66 days 1,638 sqft
2021-02-01 54 days 1,564 sqft
2021-03-01 43 days 1,627 sqft
2021-04-01 36 days 1,618 sqft
2021-05-01 29 days 1,689 sqft
2021-06-01 28 days 1,731 sqft
2021-07-01 34 days 1,710 sqft
2021-08-01 37 days 1,707 sqft
2021-09-01 44 days 1,761 sqft
2021-10-01 57 days 1,726 sqft
2021-11-01 56 days 1,739 sqft
2021-12-01 51 days 1,671 sqft
2022-01-01 67 days 1,688 sqft
2022-02-01 33 days 1,711 sqft
2022-03-01 29 days 1,652 sqft
2022-04-01 30 days 1,686 sqft
2022-05-01 23 days 1,709 sqft
2022-06-01 27 days 1,732 sqft
2022-07-01 30 days 1,787 sqft
2022-08-01 35 days 1,815 sqft
2022-09-01 44 days 1,786 sqft
2022-10-01 44 days 1,816 sqft
2022-11-01 47 days 1,840 sqft
2022-12-01 61 days 1,802 sqft
Eugene's median listing age (time on market) for 2022-12-01 was 61 days. This is 20% longer than the same period one year ago.

Eugene's median square footage for active listings during the 2022-12-01 period was 1,802 sqft. One year prior, the average listing was 1,671 sqft.