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 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.