Hermiston USDA Loan Rates, Closing Costs & Stats
Hermiston-Pendleton, 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.
Hermiston's 10 lenders originated 29 USDA loans during 2023. The total origination value was $7,375,000, with an average USDA loan value of $254,310.
Hermiston USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Hermiston
averaged
7.01%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Hermiston's average USDA mortgage closing costs are $6,208.
The average rate for the prior week (2024-04-12) was
6.67% and
one month ago for the week of 2024-03-15, the
average rate was 6.45%.
The average rate one year ago was 6.49%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.06%.
Hermiston 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 Hermiston level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| AMERICAN PACIFIC MORTGAGE CORPORATION | 8 | 6.58% | $12,526 |
| GUILD MORTGAGE COMPANY | 8 | 6.31% | $10,588 |
| ACADEMY MORTGAGE CORPORATION | 3 | 7.13% | $9,875 |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | 1 | 7.13% | $8,863 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 5.88% | $9,429 |
| LEADERONE FINANCIAL CORPORATION | 1 | 5.99% | $8,894 |
| MORIA DEVELOPMENT, INC. | 1 | 6.38% | $6,654 |
| Umpqua Bank | 1 | 5.50% | $9,519 |
| CHURCHILL MORTGAGE CORPORATION | 1 | 6.38% | $11,741 |
| CMG MORTGAGE, INC. | 1 | 7.50% | $5,225 |
The top Hermiston USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with
8 USDA loans originated. Their average total fees are
$12,526, which is $1,938
higher than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Hermiston USDA lenders (with over 10 loans originated) are
.
The lowest rate Hermiston USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hermiston (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 | $202,975 (-3.3%) | $580,224 (-9.6%) | 0.00 | 179 |
| 2018-02-01 | $229,900 (22.7%) | $598,489 (-2.7%) | 0.00 | 178 |
| 2018-03-01 | $231,974 (21.0%) | $618,722 (-0.3%) | 0.00 | 186 |
| 2018-04-01 | $234,875 (18.0%) | $622,898 (-1.0%) | 0.00 | 187 |
| 2018-05-01 | $245,350 (9.7%) | $618,388 (-2.2%) | 0.00 | 195 |
| 2018-06-01 | $245,000 (15.3%) | $570,213 (-1.8%) | 0.00 | 214 |
| 2018-07-01 | $238,094 (13.9%) | $579,057 (-5.4%) | 0.00 | 207 |
| 2018-08-01 | $233,125 (13.7%) | $587,406 (-1.7%) | 0.00 | 201 |
| 2018-09-01 | $230,571 (15.9%) | $568,704 (-7.0%) | 0.00 | 210 |
| 2018-10-01 | $239,475 (20.6%) | $600,027 (-3.5%) | 0.00 | 190 |
| 2018-11-01 | $231,400 (17.8%) | $548,466 (-10.4%) | 0.00 | 193 |
| 2018-12-01 | $229,900 (5.7%) | $314,549 (-49.3%) | 0.00 | 169 |
| 2019-01-01 | $233,500 (15.0%) | $304,835 (-47.5%) | 0.00 | 158 |
| 2019-02-01 | $239,500 (4.2%) | $307,162 (-48.7%) | 0.00 | 157 |
| 2019-03-01 | $243,286 (4.9%) | $296,473 (-52.1%) | 0.00 | 159 |
| 2019-04-01 | $249,475 (6.2%) | $281,098 (-54.9%) | 0.00 | 157 |
| 2019-05-01 | $252,000 (2.7%) | $311,914 (-49.6%) | 0.00 | 161 |
| 2019-06-01 | $262,400 (7.1%) | $301,205 (-47.2%) | 0.00 | 192 |
| 2019-07-01 | $253,675 (6.5%) | $292,108 (-49.6%) | 0.00 | 214 |
| 2019-08-01 | $253,991 (9.0%) | $292,396 (-50.2%) | 0.00 | 208 |
| 2019-09-01 | $260,127 (12.8%) | $295,426 (-48.1%) | 0.00 | 205 |
| 2019-10-01 | $261,718 (9.3%) | $289,387 (-51.8%) | 0.00 | 199 |
| 2019-11-01 | $250,000 (8.0%) | $271,744 (-50.5%) | 0.00 | 184 |
| 2019-12-01 | $244,950 (6.6%) | $266,974 (-15.1%) | 0.00 | 182 |
| 2020-01-01 | $256,000 (9.6%) | $269,753 (-11.5%) | 0.00 | 166 |
| 2020-02-01 | $259,700 (8.4%) | $292,574 (-4.8%) | 0.00 | 161 |
| 2020-03-01 | $270,950 (11.4%) | $298,588 (0.7%) | 0.00 | 151 |
| 2020-04-01 | $279,987 (12.2%) | $303,328 (7.9%) | 0.00 | 151 |
| 2020-05-01 | $282,499 (12.1%) | $301,420 (-3.4%) | 0.00 | 146 |
| 2020-06-01 | $287,225 (9.5%) | $481,059 (59.7%) | 0.00 | 133 |
| 2020-07-01 | $285,000 (12.4%) | $517,018 (77.0%) | 0.00 | 121 |
| 2020-08-01 | $280,000 (10.2%) | $532,782 (82.2%) | 0.00 | 110 |
| 2020-09-01 | $277,500 (6.7%) | $542,032 (83.5%) | 0.00 | 104 |
| 2020-10-01 | $274,900 (5.0%) | $522,222 (80.5%) | 0.00 | 108 |
| 2020-11-01 | $283,200 (13.3%) | $542,566 (99.7%) | 0.00 | 88 |
| 2020-12-01 | $304,913 (24.5%) | $620,206 (132.3%) | 0.00 | 63 |
| 2021-01-01 | $284,903 (11.3%) | $635,058 (135.4%) | 0.00 | 58 |
| 2021-02-01 | $291,200 (12.1%) | $679,583 (132.3%) | 0.00 | 53 |
| 2021-03-01 | $304,713 (12.5%) | $621,630 (108.2%) | 0.00 | 63 |
| 2021-04-01 | $326,450 (16.6%) | $633,158 (108.7%) | 0.00 | 65 |
| 2021-05-01 | $337,250 (19.4%) | $666,948 (121.3%) | 0.00 | 67 |
| 2021-06-01 | $302,450 (5.3%) | $674,042 (40.1%) | 0.00 | 70 |
| 2021-07-01 | $309,000 (8.4%) | $388,051 (-24.9%) | 0.00 | 68 |
| 2021-08-01 | $307,450 (9.8%) | $674,695 (26.6%) | 0.00 | 80 |
| 2021-09-01 | $300,000 (8.1%) | $595,142 (9.8%) | 0.00 | 107 |
| 2021-10-01 | $317,000 (15.3%) | $565,480 (8.3%) | 0.00 | 109 |
| 2021-11-01 | $337,232 (19.1%) | $584,723 (7.8%) | 0.00 | 110 |
| 2021-12-01 | $354,250 (16.2%) | $619,605 (-0.1%) | 0.00 | 98 |
| 2022-01-01 | $349,000 (22.5%) | $611,855 (-3.7%) | 0.00 | 97 |
| 2022-02-01 | $352,204 (21.0%) | $616,982 (-9.2%) | 0.00 | 94 |
| 2022-03-01 | $362,500 (19.0%) | $611,029 (-1.7%) | 0.00 | 105 |
| 2022-04-01 | $367,500 (12.6%) | $637,055 (0.6%) | 0.00 | 100 |
| 2022-05-01 | $361,079 (7.1%) | $643,526 (-3.5%) | 0.00 | 103 |
| 2022-06-01 | $358,445 (18.5%) | $606,732 (-10.0%) | 0.00 | 121 |
| 2022-07-01 | $359,900 (16.5%) | $562,246 (44.9%) | 0.00 | 161 |
| 2022-08-01 | $349,750 (13.8%) | $520,590 (-22.8%) | 0.00 | 181 |
| 2022-09-01 | $349,675 (16.6%) | $450,399 (-24.3%) | 0.00 | 177 |
| 2022-10-01 | $329,975 (4.1%) | $439,843 (-22.2%) | 0.00 | 185 |
| 2022-11-01 | $333,975 (-1.0%) | $418,548 (-28.4%) | 0.00 | 194 |
| 2022-12-01 | $329,000 (-7.1%) | $401,849 (-35.1%) | 0.00 | 194 |
| 2023-01-01 | $329,725 (-5.5%) | $413,640 (-32.4%) | 0.00 | 174 |
| 2023-02-01 | $332,000 (-5.7%) | $422,615 (-31.5%) | 0.00 | 161 |
| 2023-03-01 | $334,790 (-7.6%) | $428,596 (-29.9%) | 0.00 | 160 |
| 2023-04-01 | $352,500 (-4.1%) | $434,585 (-31.8%) | 0.00 | 169 |
| 2023-05-01 | $355,000 (-1.7%) | $418,610 (-35.0%) | 0.00 | 196 |
| 2023-06-01 | $364,725 (1.8%) | $430,661 (-29.0%) | 0.00 | 184 |
| 2023-07-01 | $363,950 (1.1%) | $429,246 (-23.7%) | 0.00 | 193 |
| 2023-08-01 | $368,961 (5.5%) | $431,820 (-17.1%) | 0.00 | 205 |
| 2023-09-01 | $359,975 (3.0%) | $425,626 (-5.5%) | 0.00 | 221 |
| 2023-10-01 | $352,450 (6.8%) | $417,809 (-5.0%) | 0.00 | 212 |
| 2023-11-01 | $349,950 (4.8%) | $406,464 (-2.9%) | 0.00 | 215 |
| 2023-12-01 | $350,000 (6.4%) | $410,112 (2.1%) | 0.00 | 226 |
| 2024-01-01 | $346,000 (4.9%) | $399,592 (-3.4%) | 0.00 | 206 |
| 2024-02-01 | $354,937 (6.9%) | $408,990 (-3.2%) | 0.00 | 177 |
| 2024-03-01 | $350,000 (4.5%) | $403,422 (-5.9%) | 0.00 | 168 |
Hermiston's median listing price comes in at 0% of the national average.
Hermiston's average listing price for 2024-03-01 was $403,422, a difference of $-25,174 (-5.9%) versus the prior year and $-5,568 versus the prior month.
For the 2024-03-01 period, Hermiston had 168 MLS listings, a difference of -9 listings (-5%) versus the prior month and 8 listings (5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hermiston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,759 sqft |
| 2018-02-01 | 0 days | 1,806 sqft |
| 2018-03-01 | 0 days | 1,833 sqft |
| 2018-04-01 | 0 days | 1,907 sqft |
| 2018-05-01 | 0 days | 1,983 sqft |
| 2018-06-01 | 0 days | 1,979 sqft |
| 2018-07-01 | 0 days | 1,905 sqft |
| 2018-08-01 | 0 days | 1,850 sqft |
| 2018-09-01 | 0 days | 1,891 sqft |
| 2018-10-01 | 0 days | 1,927 sqft |
| 2018-11-01 | 0 days | 1,861 sqft |
| 2018-12-01 | 0 days | 1,882 sqft |
| 2019-01-01 | 0 days | 1,907 sqft |
| 2019-02-01 | 0 days | 1,904 sqft |
| 2019-03-01 | 0 days | 1,920 sqft |
| 2019-04-01 | 0 days | 1,968 sqft |
| 2019-05-01 | 0 days | 1,949 sqft |
| 2019-06-01 | 0 days | 1,955 sqft |
| 2019-07-01 | 0 days | 1,955 sqft |
| 2019-08-01 | 0 days | 1,958 sqft |
| 2019-09-01 | 0 days | 1,956 sqft |
| 2019-10-01 | 0 days | 1,947 sqft |
| 2019-11-01 | 0 days | 1,936 sqft |
| 2019-12-01 | 0 days | 1,871 sqft |
| 2020-01-01 | 0 days | 1,865 sqft |
| 2020-02-01 | 0 days | 1,871 sqft |
| 2020-03-01 | 0 days | 1,954 sqft |
| 2020-04-01 | 0 days | 1,988 sqft |
| 2020-05-01 | 0 days | 2,035 sqft |
| 2020-06-01 | 0 days | 2,038 sqft |
| 2020-07-01 | 0 days | 2,035 sqft |
| 2020-08-01 | 0 days | 1,954 sqft |
| 2020-09-01 | 0 days | 1,857 sqft |
| 2020-10-01 | 0 days | 1,861 sqft |
| 2020-11-01 | 0 days | 1,836 sqft |
| 2020-12-01 | 0 days | 1,882 sqft |
| 2021-01-01 | 0 days | 1,887 sqft |
| 2021-02-01 | 0 days | 1,870 sqft |
| 2021-03-01 | 0 days | 1,855 sqft |
| 2021-04-01 | 0 days | 1,795 sqft |
| 2021-05-01 | 0 days | 1,780 sqft |
| 2021-06-01 | 0 days | 1,786 sqft |
| 2021-07-01 | 0 days | 1,754 sqft |
| 2021-08-01 | 0 days | 1,723 sqft |
| 2021-09-01 | 0 days | 1,711 sqft |
| 2021-10-01 | 0 days | 1,823 sqft |
| 2021-11-01 | 0 days | 1,866 sqft |
| 2021-12-01 | 0 days | 1,858 sqft |
| 2022-01-01 | 0 days | 1,868 sqft |
| 2022-02-01 | 0 days | 1,841 sqft |
| 2022-03-01 | 0 days | 1,817 sqft |
| 2022-04-01 | 0 days | 1,886 sqft |
| 2022-05-01 | 0 days | 1,824 sqft |
| 2022-06-01 | 0 days | 1,810 sqft |
| 2022-07-01 | 0 days | 1,840 sqft |
| 2022-08-01 | 0 days | 1,800 sqft |
| 2022-09-01 | 0 days | 1,731 sqft |
| 2022-10-01 | 0 days | 1,640 sqft |
| 2022-11-01 | 0 days | 1,680 sqft |
| 2022-12-01 | 0 days | 1,640 sqft |
| 2023-01-01 | 0 days | 1,662 sqft |
| 2023-02-01 | 0 days | 1,643 sqft |
| 2023-03-01 | 0 days | 1,725 sqft |
| 2023-04-01 | 0 days | 1,854 sqft |
| 2023-05-01 | 0 days | 1,854 sqft |
| 2023-06-01 | 0 days | 1,792 sqft |
| 2023-07-01 | 0 days | 1,761 sqft |
| 2023-08-01 | 0 days | 1,810 sqft |
| 2023-09-01 | 0 days | 1,750 sqft |
| 2023-10-01 | 0 days | 1,729 sqft |
| 2023-11-01 | 0 days | 1,724 sqft |
| 2023-12-01 | 0 days | 1,715 sqft |
| 2024-01-01 | 0 days | 1,715 sqft |
| 2024-02-01 | 0 days | 1,719 sqft |
| 2024-03-01 | 0 days | 1,699 sqft |
Hermiston's median square footage for active listings during the 2024-03-01 period was 1,699 sqft. One year prior, the average listing was 1,725 sqft.