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 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 -0.56% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2024-02-16) was 6.32% and one month ago for the week of 2024-01-19, the average rate was 6.2%.

The average rate one year ago was 6.21%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.55%.

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 $343,248 (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
Eugene's median listing price for 2023-12-01 was $522,450, a difference of $22,450 (4.5%) versus the prior year and $3 versus the prior month.

Eugene's median listing price comes in at 127% of the national average.

Eugene's average listing price for 2023-12-01 was $656,759, a difference of $30,360 (4.9%) versus the prior year and $7,736 versus the prior month.

For the 2023-12-01 period, Eugene had 644 MLS listings, a difference of -52 listings (-7%) versus the prior month and 205 listings (47%) 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 49 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 1,800 sqft
Eugene's median listing age (time on market) for 2023-12-01 was 64 days. This is 7% longer than the same period one year ago.

Eugene's median square footage for active listings during the 2023-12-01 period was 1,800 sqft. One year prior, the average listing was 1,812 sqft.