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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.