Hermiston USDA Loan Rates, Closing Costs & Stats

Hermiston-Pendleton, 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.

    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 6.45% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Hermiston's average USDA mortgage closing costs are $6,208.

    The average rate for the prior week (2024-12-06) was 6.19% and one month ago for the week of 2024-11-08, the average rate was 6.31%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.5%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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
    2024-04-01 $352,963 (0.1%) $407,830 (-6.2%) 0.00 199
    2024-05-01 $384,950 (8.4%) $435,308 (4.0%) 0.00 199
    2024-06-01 $387,000 (6.1%) $436,929 (1.5%) 0.00 201
    2024-07-01 $385,000 (5.8%) $439,958 (2.5%) 0.00 201
    2024-08-01 $380,000 (3.0%) $432,267 (0.1%) 0.00 218
    2024-09-01 $381,225 (5.9%) $423,731 (-0.5%) 0.00 230
    2024-10-01 $374,974 (6.4%) $422,479 (1.1%) 0.00 230
    2024-11-01 $362,450 (3.6%) $411,948 (1.4%) 0.00 232
    Hermiston's median listing price for 2024-11-01 was $362,450, a difference of $12,500 (3.6%) versus the prior year and $-12,524 versus the prior month.

    Hermiston's median listing price comes in at 0% of the national average.

    Hermiston's average listing price for 2024-11-01 was $411,948, a difference of $5,484 (1.4%) versus the prior year and $-10,531 versus the prior month.

    For the 2024-11-01 period, Hermiston had 232 MLS listings, a difference of 2 listings (1%) versus the prior month and 17 listings (8%) 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
    2024-04-01 0 days 1,689 sqft
    2024-05-01 0 days 1,782 sqft
    2024-06-01 0 days 1,768 sqft
    2024-07-01 0 days 1,788 sqft
    2024-08-01 0 days 1,797 sqft
    2024-09-01 0 days 1,808 sqft
    2024-10-01 0 days 1,728 sqft
    2024-11-01 0 days 1,649 sqft
    Hermiston's median listing age (time on market) for 2024-11-01 was 0 days.

    Hermiston's median square footage for active listings during the 2024-11-01 period was 1,649 sqft. One year prior, the average listing was 1,724 sqft.