Eugene USDA Loan Rates, Closing Costs & Stats

EUGENE-SPRINGFIELD, OR

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 15 lenders originated 21 USDA loans during 2022. The total origination value was $6,645,000, with an average USDA loan value of $316,429.

    Eugene USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Eugene averaged 6.86% for the week of 2023-09-22, compared to the national average (all USDA variants) of 7.021% for the same period.

    Eugene's average USDA mortgage closing costs are $7,116.

    The average rate for the prior week (2023-09-15) was 6.43% and one month ago for the week of 2023-08-18, the average rate was 6.42%.

    The average rate one year ago was 5.35%.

    For refis of the same type during the week of 2023-09-22, the average rate was 5.77%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    CALIBER HOME LOANS, INC. 4 3.87% $8,599
    Sierra Pacific Mortgage Company, Inc. 2 3.50% $5,945
    SUMMIT FUNDING, INC. 2 3.69% $12,087
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.69% $12,045
    EVERETT FINANCIAL, INC. 1 5.13% $6,632
    Flagstar Bank, FSB 1 4.38% $11,456
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.13% $8,839
    MANN FINANCIAL INC. 1 2.88% $10,200
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.50% $9,621
    UNITED WHOLESALE MORTGAGE, LLC 1 4.75% $5,112
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.75% $9,964
    U.S. Bank 1 2.25% $9,038
    Bank of England 1 3.88% $11,422
    Banner Bank 1 2.50% $5,710
    CROSSCOUNTRY MORTGAGE, LLC 1 4.75% $13,619

    The top Eugene USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 4 USDA loans originated. Their average total fees are $8,599, which is $2,654 higher than the next largest lender, Sierra Pacific Mortgage Company, Inc..

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

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

    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 $399,995 (14.3%) $489,077 (9.9%) 1.36 654
    2018-05-01 $407,498 (11.0%) $498,672 (11.1%) 1.36 697
    2018-06-01 $385,000 (7.1%) $472,030 (7.6%) 1.28 872
    2018-07-01 $389,375 (11.3%) $481,076 (11.5%) 1.30 915
    2018-08-01 $371,200 (7.6%) $470,755 (12.2%) 1.24 1,036
    2018-09-01 $369,000 (10.2%) $467,745 (13.8%) 1.24 1,012
    2018-10-01 $368,625 (8.4%) $465,156 (11.3%) 1.25 952
    2018-11-01 $361,450 (3.3%) $461,338 (7.3%) 1.23 908
    2018-12-01 $365,000 (7.4%) $470,922 (9.6%) 1.26 784
    2019-01-01 $366,950 (6.7%) $475,780 (11.6%) 1.27 654
    2019-02-01 $382,450 (2.7%) $480,137 (3.3%) 1.29 626
    2019-03-01 $385,671 (-2.4%) $476,216 (-0.1%) 1.26 604
    2019-04-01 $379,675 (-5.1%) $455,881 (-6.8%) 1.21 624
    2019-05-01 $383,685 (-5.8%) $457,838 (-8.2%) 1.20 705
    2019-06-01 $385,000 (0.0%) $465,180 (-1.5%) 1.20 794
    2019-07-01 $398,975 (2.5%) $475,051 (-1.3%) 1.25 800
    2019-08-01 $395,964 (6.7%) $471,591 (0.2%) 1.25 797
    2019-09-01 $392,609 (6.4%) $470,162 (0.5%) 1.26 802
    2019-10-01 $390,373 (5.9%) $467,412 (0.5%) 1.26 792
    2019-11-01 $397,500 (10.0%) $473,114 (2.6%) 1.30 671
    2019-12-01 $399,000 (9.3%) $473,529 (0.6%) 1.33 531
    2020-01-01 $399,000 (8.7%) $471,745 (-0.9%) 1.33 493
    2020-02-01 $399,450 (4.5%) $478,021 (-0.4%) 1.31 458
    2020-03-01 $403,725 (4.7%) $480,505 (0.9%) 1.27 510
    2020-04-01 $399,500 (5.2%) $468,482 (2.8%) 1.25 641
    2020-05-01 $419,000 (9.2%) $477,853 (4.4%) 1.27 635
    2020-06-01 $434,350 (12.8%) $493,556 (6.1%) 1.28 581
    2020-07-01 $422,000 (5.8%) $493,513 (3.9%) 1.22 519
    2020-08-01 $425,000 (7.3%) $501,757 (6.4%) 1.22 488
    2020-09-01 $434,350 (10.6%) $510,294 (8.5%) 1.24 480
    2020-10-01 $424,250 (8.7%) $513,229 (9.8%) 1.22 448
    2020-11-01 $410,000 (3.1%) $513,655 (8.6%) 1.20 371
    2020-12-01 $420,000 (5.3%) $537,269 (13.5%) 1.25 321
    2021-01-01 $425,000 (6.5%) $541,681 (14.8%) 1.27 263
    2021-02-01 $414,988 (3.9%) $526,335 (10.1%) 1.21 250
    2021-03-01 $434,719 (7.7%) $547,781 (14.0%) 1.23 244
    2021-04-01 $434,500 (8.8%) $559,384 (19.4%) 1.18 260
    2021-05-01 $449,950 (7.4%) $567,339 (18.7%) 1.20 306
    2021-06-01 $450,000 (3.6%) $589,166 (19.4%) 1.18 344
    2021-07-01 $449,900 (6.6%) $580,074 (17.5%) 1.19 396
    2021-08-01 $461,975 (8.7%) $603,840 (20.4%) 1.23 452
    2021-09-01 $454,673 (4.7%) $604,833 (18.5%) 1.21 423
    2021-10-01 $456,230 (7.5%) $605,193 (17.9%) 1.22 398
    2021-11-01 $467,450 (14.0%) $626,640 (22.0%) 1.25 340
    2021-12-01 $461,250 (9.8%) $616,898 (14.8%) 1.25 263
    2022-01-01 $468,750 (10.3%) $625,983 (15.6%) 1.27 233
    2022-02-01 $469,950 (13.2%) $648,400 (23.2%) 1.22 230
    2022-03-01 $467,450 (7.5%) $611,534 (11.6%) 1.17 245
    2022-04-01 $485,000 (11.6%) $611,522 (9.3%) 1.16 258
    2022-05-01 $492,725 (9.5%) $621,080 (9.5%) 1.13 361
    2022-06-01 $505,000 (12.2%) $610,346 (3.6%) 1.12 436
    2022-07-01 $514,950 (14.5%) $619,614 (6.8%) 1.16 581
    2022-08-01 $508,198 (10.0%) $617,211 (2.2%) 1.17 573
    2022-09-01 $500,965 (10.2%) $631,360 (4.4%) 1.17 524
    2022-10-01 $510,000 (11.8%) $638,794 (5.6%) 1.20 536
    2022-11-01 $499,950 (7.0%) $628,990 (0.4%) 1.20 516
    2022-12-01 $500,000 (8.4%) $626,399 (1.5%) 1.23 439
    2023-01-01 $518,063 (10.5%) $633,234 (1.2%) 1.28 406
    2023-02-01 $511,200 (8.8%) $626,042 (-3.5%) 1.23 367
    2023-03-01 $515,425 (10.3%) $627,285 (2.6%) 1.22 397
    2023-04-01 $524,950 (8.2%) $625,437 (2.3%) 1.22 426
    2023-05-01 $532,000 (8.0%) $633,129 (1.9%) 1.21 467
    2023-06-01 $537,475 (6.4%) $645,417 (5.8%) 1.21 554
    2023-07-01 $535,000 (3.9%) $657,883 (6.2%) 1.22 646
    2023-08-01 $525,000 (3.3%) $650,321 (5.4%) 1.21 721
    Eugene's median listing price for 2023-08-01 was $525,000, a difference of $16,802 (3.3%) versus the prior year and $-10,000 versus the prior month.

    Eugene's median listing price comes in at 121% of the national average.

    Eugene's average listing price for 2023-08-01 was $650,321, a difference of $33,110 (5.4%) versus the prior year and $-7,562 versus the prior month.

    For the 2023-08-01 period, Eugene had 721 MLS listings, a difference of 75 listings (12%) versus the prior month and 148 listings (26%) 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 76 days 1,910 sqft
    2018-02-01 59 days 1,965 sqft
    2018-03-01 44 days 2,000 sqft
    2018-04-01 38 days 2,045 sqft
    2018-05-01 36 days 2,058 sqft
    2018-06-01 32 days 1,951 sqft
    2018-07-01 38 days 1,939 sqft
    2018-08-01 39 days 1,929 sqft
    2018-09-01 46 days 1,912 sqft
    2018-10-01 55 days 1,902 sqft
    2018-11-01 55 days 1,858 sqft
    2018-12-01 59 days 1,851 sqft
    2019-01-01 68 days 1,847 sqft
    2019-02-01 62 days 1,888 sqft
    2019-03-01 48 days 1,880 sqft
    2019-04-01 37 days 1,843 sqft
    2019-05-01 28 days 1,877 sqft
    2019-06-01 32 days 1,878 sqft
    2019-07-01 37 days 1,960 sqft
    2019-08-01 40 days 1,945 sqft
    2019-09-01 46 days 1,939 sqft
    2019-10-01 50 days 1,936 sqft
    2019-11-01 64 days 1,958 sqft
    2019-12-01 76 days 1,930 sqft
    2020-01-01 75 days 1,927 sqft
    2020-02-01 51 days 1,949 sqft
    2020-03-01 44 days 1,925 sqft
    2020-04-01 41 days 1,866 sqft
    2020-05-01 59 days 1,916 sqft
    2020-06-01 60 days 1,952 sqft
    2020-07-01 48 days 1,934 sqft
    2020-08-01 46 days 1,935 sqft
    2020-09-01 44 days 1,844 sqft
    2020-10-01 49 days 1,810 sqft
    2020-11-01 69 days 1,707 sqft
    2020-12-01 78 days 1,702 sqft
    2021-01-01 61 days 1,638 sqft
    2021-02-01 48 days 1,564 sqft
    2021-03-01 41 days 1,626 sqft
    2021-04-01 33 days 1,618 sqft
    2021-05-01 26 days 1,689 sqft
    2021-06-01 27 days 1,732 sqft
    2021-07-01 31 days 1,710 sqft
    2021-08-01 35 days 1,707 sqft
    2021-09-01 42 days 1,761 sqft
    2021-10-01 54 days 1,726 sqft
    2021-11-01 55 days 1,739 sqft
    2021-12-01 49 days 1,671 sqft
    2022-01-01 64 days 1,688 sqft
    2022-02-01 31 days 1,707 sqft
    2022-03-01 29 days 1,649 sqft
    2022-04-01 29 days 1,686 sqft
    2022-05-01 23 days 1,709 sqft
    2022-06-01 26 days 1,734 sqft
    2022-07-01 29 days 1,789 sqft
    2022-08-01 35 days 1,815 sqft
    2022-09-01 44 days 1,796 sqft
    2022-10-01 43 days 1,816 sqft
    2022-11-01 46 days 1,840 sqft
    2022-12-01 60 days 1,812 sqft
    2023-01-01 69 days 1,815 sqft
    2023-02-01 56 days 1,759 sqft
    2023-03-01 38 days 1,799 sqft
    2023-04-01 40 days 1,786 sqft
    2023-05-01 40 days 1,816 sqft
    2023-06-01 36 days 1,823 sqft
    2023-07-01 38 days 1,814 sqft
    2023-08-01 40 days 1,844 sqft
    Eugene's median listing age (time on market) for 2023-08-01 was 40 days. This is 14% longer than the same period one year ago.

    Eugene's median square footage for active listings during the 2023-08-01 period was 1,844 sqft. One year prior, the average listing was 1,815 sqft.