Eugene USDA Loan Rates, Closing Costs & Stats

EUGENE-SPRINGFIELD, 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.

    Eugene's 6 lenders originated 9 USDA loans during 2023. The total origination value was $3,095,000, with an average USDA loan value of $343,889.

    Eugene USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Eugene averaged 6.92% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Eugene's average USDA mortgage closing costs are $7,294.

    The average rate for the prior week (2024-04-12) was 6.77% and one month ago for the week of 2024-03-15, the average rate was 6.75%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.2%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CMG MORTGAGE, INC. 2 5.94% $11,584
    UNITED WHOLESALE MORTGAGE, LLC 2 5.06% $24,566
    LOANDEPOT.COM, LLC 1 7.13% $16,906
    Loan Simple, Inc. 1 5.75% $16,499
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $5,157
    SUMMIT FUNDING, INC. 1 7.13% $15,489

    The top Eugene USDA lender as defined by loan originations is CMG MORTGAGE, INC., with 2 USDA loans originated. Their average total fees are $11,584, which is $12,982 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    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 $343,248 (5.6%) $424,259 (1.7%) 1.27 657
    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 (8.5%) $465,156 (11.7%) 1.25 952
    2018-11-01 $361,450 (3.3%) $461,338 (7.7%) 1.23 908
    2018-12-01 $365,000 (7.4%) $470,922 (10.1%) 1.26 784
    2019-01-01 $366,950 (6.9%) $475,780 (12.1%) 1.27 654
    2019-02-01 $382,350 (2.7%) $478,407 (2.9%) 1.29 625
    2019-03-01 $385,643 (-2.4%) $474,432 (-0.5%) 1.26 602
    2019-04-01 $379,450 (-5.1%) $454,133 (-7.1%) 1.20 621
    2019-05-01 $383,620 (-5.9%) $456,331 (-8.5%) 1.20 702
    2019-06-01 $385,000 (0.0%) $463,849 (-1.7%) 1.20 791
    2019-07-01 $398,975 (2.5%) $474,040 (-1.5%) 1.25 798
    2019-08-01 $395,964 (6.7%) $469,712 (-0.2%) 1.25 795
    2019-09-01 $392,609 (6.4%) $467,003 (-0.2%) 1.26 800
    2019-10-01 $390,248 (5.9%) $463,136 (-0.4%) 1.26 790
    2019-11-01 $397,000 (9.8%) $469,424 (1.8%) 1.30 670
    2019-12-01 $399,000 (9.3%) $469,106 (-0.4%) 1.33 530
    2020-01-01 $399,000 (8.7%) $467,131 (-1.8%) 1.33 492
    2020-02-01 $399,000 (4.4%) $472,766 (-1.2%) 1.31 457
    2020-03-01 $402,500 (4.4%) $477,946 (0.7%) 1.26 510
    2020-04-01 $399,500 (5.3%) $468,482 (3.2%) 1.25 641
    2020-05-01 $419,000 (9.2%) $477,853 (4.7%) 1.27 635
    2020-06-01 $434,350 (12.8%) $493,556 (6.4%) 1.28 581
    2020-07-01 $422,000 (5.8%) $493,513 (4.1%) 1.22 519
    2020-08-01 $425,000 (7.3%) $501,757 (6.8%) 1.22 488
    2020-09-01 $434,350 (10.6%) $510,294 (9.3%) 1.24 480
    2020-10-01 $424,250 (8.7%) $513,229 (10.8%) 1.22 448
    2020-11-01 $410,000 (3.3%) $513,655 (9.4%) 1.20 371
    2020-12-01 $420,000 (5.3%) $537,269 (14.5%) 1.25 321
    2021-01-01 $425,000 (6.5%) $541,681 (16.0%) 1.27 263
    2021-02-01 $414,988 (4.0%) $526,335 (11.3%) 1.21 250
    2021-03-01 $434,719 (8.0%) $547,781 (14.6%) 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 $516,200 (10.4%) $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
    2023-09-01 $535,000 (6.8%) $647,388 (2.5%) 1.25 769
    2023-10-01 $529,475 (3.8%) $653,311 (2.3%) 1.25 745
    2023-11-01 $522,447 (4.5%) $649,023 (3.2%) 1.24 696
    2023-12-01 $522,450 (4.5%) $656,759 (4.9%) 1.27 644
    2024-01-01 $527,000 (1.7%) $666,661 (5.3%) 1.29 549
    2024-02-01 $521,236 (2.0%) $663,837 (6.0%) 1.25 498
    2024-03-01 $525,000 (1.7%) $663,301 (5.7%) 1.24 534
    Eugene's median listing price for 2024-03-01 was $525,000, a difference of $8,800 (1.7%) versus the prior year and $3,764 versus the prior month.

    Eugene's median listing price comes in at 124% of the national average.

    Eugene's average listing price for 2024-03-01 was $663,301, a difference of $36,016 (5.7%) versus the prior year and $-536 versus the prior month.

    For the 2024-03-01 period, Eugene had 534 MLS listings, a difference of 36 listings (7%) versus the prior month and 137 listings (35%) 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 1,907 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 1,886 sqft
    2019-03-01 49 days 1,879 sqft
    2019-04-01 37 days 1,842 sqft
    2019-05-01 28 days 1,877 sqft
    2019-06-01 32 days 1,876 sqft
    2019-07-01 37 days 1,960 sqft
    2019-08-01 40 days 1,944 sqft
    2019-09-01 46 days 1,939 sqft
    2019-10-01 50 days 1,935 sqft
    2019-11-01 64 days 1,957 sqft
    2019-12-01 76 days 1,929 sqft
    2020-01-01 75 days 1,926 sqft
    2020-02-01 51 days 1,948 sqft
    2020-03-01 44 days 1,924 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 1,817 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
    2023-09-01 44 days 1,842 sqft
    2023-10-01 52 days 1,823 sqft
    2023-11-01 56 days 1,801 sqft
    2023-12-01 64 days 1,802 sqft
    2024-01-01 73 days 1,817 sqft
    2024-02-01 73 days 1,794 sqft
    2024-03-01 44 days 1,755 sqft
    Eugene's median listing age (time on market) for 2024-03-01 was 44 days. This is 16% longer than the same period one year ago.

    Eugene's median square footage for active listings during the 2024-03-01 period was 1,755 sqft. One year prior, the average listing was 1,799 sqft.