Eugene USDA Loans

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 5.33% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

    The average rate for the prior week (2022-05-13) was 5.52% and one month ago for the week of 2022-04-15, the average rate was 4.81%.

    The average rate one year ago was 3.26%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.03%.

    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 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. Total Fees
    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 $349,445 (7.5%) $424,936 (1.2%) 1.29 680
    2018-02-01 $375,000 (8.9%) $463,401 (6.1%) 1.35 615
    2018-03-01 $399,000 (14.3%) $475,112 (8.8%) 1.38 619
    2018-04-01 $404,950 (15.7%) $489,632 (10.9%) 1.36 681
    2018-05-01 $414,450 (12.2%) $497,757 (2.5%) 1.38 732
    2018-06-01 $388,000 (7.8%) $476,565 (1.9%) 1.29 914
    2018-07-01 $389,900 (11.4%) $480,887 (11.2%) 1.30 939
    2018-08-01 $374,950 (8.2%) $472,021 (12.5%) 1.25 1,059
    2018-09-01 $370,000 (10.5%) $469,972 (14.6%) 1.24 1,039
    2018-10-01 $369,900 (8.8%) $467,403 (12.2%) 1.24 973
    2018-11-01 $365,000 (4.3%) $463,339 (7.2%) 1.22 930
    2018-12-01 $369,000 (8.5%) $474,419 (9.2%) 1.26 799
    2019-01-01 $369,500 (5.7%) $477,000 (12.3%) 1.27 667
    2019-02-01 $384,500 (2.5%) $483,158 (4.3%) 1.29 635
    2019-03-01 $390,814 (-2.1%) $473,404 (-0.4%) 1.27 612
    2019-04-01 $379,450 (-6.3%) $451,332 (-7.8%) 1.19 628
    2019-05-01 $381,750 (-7.9%) $454,036 (-8.8%) 1.18 703
    2019-06-01 $382,240 (-1.5%) $458,878 (-3.7%) 1.18 799
    2019-07-01 $399,000 (2.3%) $473,349 (-1.6%) 1.24 807
    2019-08-01 $388,571 (3.6%) $465,475 (-1.4%) 1.22 818
    2019-09-01 $383,521 (3.7%) $460,334 (-2.1%) 1.22 833
    2019-10-01 $389,900 (5.4%) $464,180 (-0.7%) 1.24 795
    2019-11-01 $405,000 (11.0%) $483,139 (4.3%) 1.31 672
    2019-12-01 $401,000 (8.7%) $482,072 (1.6%) 1.34 534
    2020-01-01 $400,000 (8.3%) $476,097 (-0.2%) 1.33 489
    2020-02-01 $400,000 (4.0%) $473,072 (-2.1%) 1.29 463
    2020-03-01 $415,500 (6.3%) $485,993 (2.7%) 1.30 514
    2020-04-01 $403,500 (6.3%) $475,470 (5.4%) 1.26 654
    2020-05-01 $425,000 (11.3%) $490,922 (8.1%) 1.29 638
    2020-06-01 $450,000 (17.7%) $508,896 (10.9%) 1.31 588
    2020-07-01 $427,250 (7.1%) $496,063 (4.8%) 1.22 519
    2020-08-01 $434,900 (11.9%) $510,500 (9.7%) 1.24 485
    2020-09-01 $447,250 (16.6%) $527,604 (14.6%) 1.28 479
    2020-10-01 $449,900 (15.4%) $535,874 (15.5%) 1.29 459
    2020-11-01 $439,500 (8.5%) $544,685 (12.7%) 1.26 377
    2020-12-01 $437,500 (9.1%) $556,610 (15.5%) 1.28 325
    2021-01-01 $425,000 (6.3%) $548,618 (15.2%) 1.25 264
    2021-02-01 $420,000 (5.0%) $534,757 (13.0%) 1.21 252
    2021-03-01 $435,000 (4.7%) $551,165 (13.4%) 1.22 247
    2021-04-01 $438,250 (8.6%) $565,174 (18.9%) 1.18 259
    2021-05-01 $450,000 (5.9%) $576,824 (17.5%) 1.18 312
    2021-06-01 $451,500 (0.3%) $602,848 (18.5%) 1.17 350
    2021-07-01 $449,450 (5.2%) $589,338 (18.8%) 1.17 396
    2021-08-01 $462,400 (6.3%) $611,028 (19.7%) 1.22 453
    2021-09-01 $456,495 (2.1%) $623,479 (18.2%) 1.20 426
    2021-10-01 $457,500 (1.7%) $625,351 (16.7%) 1.20 404
    2021-11-01 $468,750 (6.7%) $650,297 (19.4%) 1.24 344
    2021-12-01 $465,000 (6.3%) $638,867 (14.8%) 1.24 272
    2022-01-01 $459,900 (8.2%) $645,150 (17.6%) 1.23 233
    2022-02-01 $474,950 (13.1%) $664,883 (24.3%) 1.21 234
    2022-03-01 $467,500 (7.5%) $617,916 (12.1%) 1.15 242
    2022-04-01 $489,900 (11.8%) $623,898 (10.4%) 1.15 261
    Eugene's median listing price for 2022-04-01 was $489,900, a difference of $51,650 (11.8%) versus the prior year and $22,400 versus the prior month.

    Eugene's median listing price comes in at 115% of the national average.

    Eugene's average listing price for 2022-04-01 was $623,898, a difference of $58,724 (10.4%) versus the prior year and $5,982 versus the prior month.

    For the 2022-04-01 period, Eugene had 261 MLS listings, a difference of 19 listings (8%) versus the prior month and 2 listings (1%) 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 81 days 1,933 sqft
    2018-02-01 66 days 1,983 sqft
    2018-03-01 49 days 2,009 sqft
    2018-04-01 44 days 2,049 sqft
    2018-05-01 39 days 2,063 sqft
    2018-06-01 36 days 1,951 sqft
    2018-07-01 41 days 1,948 sqft
    2018-08-01 42 days 1,928 sqft
    2018-09-01 49 days 1,912 sqft
    2018-10-01 59 days 1,908 sqft
    2018-11-01 58 days 1,857 sqft
    2018-12-01 62 days 1,856 sqft
    2019-01-01 72 days 1,844 sqft
    2019-02-01 67 days 1,896 sqft
    2019-03-01 52 days 1,879 sqft
    2019-04-01 41 days 1,836 sqft
    2019-05-01 29 days 1,857 sqft
    2019-06-01 34 days 1,872 sqft
    2019-07-01 39 days 1,953 sqft
    2019-08-01 39 days 1,929 sqft
    2019-09-01 43 days 1,921 sqft
    2019-10-01 51 days 1,938 sqft
    2019-11-01 63 days 1,992 sqft
    2019-12-01 73 days 1,957 sqft
    2020-01-01 75 days 1,950 sqft
    2020-02-01 53 days 1,960 sqft
    2020-03-01 41 days 1,946 sqft
    2020-04-01 38 days 1,906 sqft
    2020-05-01 56 days 1,947 sqft
    2020-06-01 53 days 2,023 sqft
    2020-07-01 51 days 1,946 sqft
    2020-08-01 44 days 1,948 sqft
    2020-09-01 35 days 1,908 sqft
    2020-10-01 37 days 1,844 sqft
    2020-11-01 55 days 1,739 sqft
    2020-12-01 70 days 1,718 sqft
    2021-01-01 70 days 1,639 sqft
    2021-02-01 50 days 1,590 sqft
    2021-03-01 42 days 1,619 sqft
    2021-04-01 39 days 1,633 sqft
    2021-05-01 30 days 1,663 sqft
    2021-06-01 31 days 1,741 sqft
    2021-07-01 34 days 1,736 sqft
    2021-08-01 34 days 1,708 sqft
    2021-09-01 38 days 1,782 sqft
    2021-10-01 42 days 1,736 sqft
    2021-11-01 46 days 1,748 sqft
    2021-12-01 49 days 1,649 sqft
    2022-01-01 56 days 1,653 sqft
    2022-02-01 34 days 1,724 sqft
    2022-03-01 32 days 1,662 sqft
    2022-04-01 30 days 1,701 sqft
    Eugene's median listing age (time on market) for 2022-04-01 was 30 days. This is -22% shorter than the same period one year ago.

    Eugene's median square footage for active listings during the 2022-04-01 period was 1,701 sqft. One year prior, the average listing was 1,633 sqft.