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 6.38% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.44% and one month ago for the week of 2025-01-10, the average rate was 6.38%.

    The average rate one year ago was 6.37%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.63%.

    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 (-9.2%) 0.00 178
    2018-02-01 $229,900 (22.8%) $598,489 (-2.4%) 0.00 177
    2018-03-01 $231,974 (22.4%) $618,722 (0.1%) 0.00 185
    2018-04-01 $234,875 (18.0%) $622,898 (-0.6%) 0.00 186
    2018-05-01 $245,350 (9.7%) $618,388 (-1.7%) 0.00 194
    2018-06-01 $245,000 (15.3%) $570,213 (-1.3%) 0.00 213
    2018-07-01 $238,094 (14.5%) $579,057 (-5.1%) 0.00 206
    2018-08-01 $233,125 (13.9%) $587,406 (-1.4%) 0.00 200
    2018-09-01 $230,571 (16.0%) $568,704 (-6.7%) 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 $243,479 (5.0%) $296,577 (-52.1%) 0.00 158
    2019-04-01 $249,700 (6.3%) $281,202 (-54.9%) 0.00 156
    2019-05-01 $252,000 (2.7%) $310,731 (-49.8%) 0.00 160
    2019-06-01 $264,900 (8.1%) $301,205 (-47.2%) 0.00 193
    2019-07-01 $253,675 (6.5%) $292,108 (-49.6%) 0.00 213
    2019-08-01 $253,991 (9.0%) $292,396 (-50.2%) 0.00 207
    2019-09-01 $260,127 (12.8%) $295,426 (-48.1%) 0.00 204
    2019-10-01 $261,618 (9.3%) $289,286 (-51.8%) 0.00 198
    2019-11-01 $250,000 (8.0%) $271,575 (-50.5%) 0.00 184
    2019-12-01 $243,725 (6.0%) $266,822 (-15.2%) 0.00 182
    2020-01-01 $255,500 (9.4%) $269,532 (-11.6%) 0.00 166
    2020-02-01 $258,350 (7.9%) $292,253 (-4.9%) 0.00 161
    2020-03-01 $268,475 (10.3%) $298,226 (0.6%) 0.00 152
    2020-04-01 $279,987 (12.1%) $303,128 (7.8%) 0.00 152
    2020-05-01 $282,499 (12.1%) $301,420 (-3.0%) 0.00 146
    2020-06-01 $287,225 (8.4%) $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 (5.1%) $522,222 (80.5%) 0.00 108
    2020-11-01 $283,200 (13.3%) $542,566 (99.8%) 0.00 88
    2020-12-01 $304,913 (25.1%) $620,206 (132.4%) 0.00 63
    2021-01-01 $284,903 (11.5%) $635,058 (135.6%) 0.00 58
    2021-02-01 $291,200 (12.7%) $679,583 (132.5%) 0.00 53
    2021-03-01 $304,713 (13.5%) $621,630 (108.4%) 0.00 63
    2021-04-01 $326,450 (16.6%) $633,158 (108.9%) 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 $304,500 (6.8%) $384,248 (-25.7%) 0.00 69
    2021-08-01 $306,200 (9.4%) $668,363 (25.5%) 0.00 81
    2021-09-01 $300,000 (8.1%) $590,727 (9.0%) 0.00 108
    2021-10-01 $315,950 (14.9%) $561,537 (7.5%) 0.00 110
    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 (18.2%) $562,246 (46.3%) 0.00 161
    2022-08-01 $349,750 (14.2%) $520,590 (-22.1%) 0.00 181
    2022-09-01 $349,675 (16.6%) $450,399 (-23.8%) 0.00 177
    2022-10-01 $332,000 (5.1%) $439,318 (-21.8%) 0.00 186
    2022-11-01 $334,463 (-0.8%) $417,308 (-28.6%) 0.00 195
    2022-12-01 $329,000 (-7.1%) $401,542 (-35.2%) 0.00 195
    2023-01-01 $329,950 (-5.5%) $413,249 (-32.5%) 0.00 175
    2023-02-01 $332,975 (-5.5%) $422,131 (-31.6%) 0.00 162
    2023-03-01 $334,925 (-7.6%) $428,084 (-29.9%) 0.00 161
    2023-04-01 $350,000 (-4.8%) $434,057 (-31.9%) 0.00 170
    2023-05-01 $354,975 (-1.7%) $418,228 (-35.0%) 0.00 197
    2023-06-01 $364,725 (1.8%) $430,455 (-29.1%) 0.00 184
    2023-07-01 $363,950 (1.1%) $429,246 (-23.7%) 0.00 193
    2023-08-01 $368,961 (5.5%) $431,616 (-17.1%) 0.00 205
    2023-09-01 $359,975 (3.0%) $425,626 (-5.5%) 0.00 221
    2023-10-01 $352,450 (6.2%) $417,809 (-4.9%) 0.00 212
    2023-11-01 $349,950 (4.6%) $406,464 (-2.6%) 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 (-3.3%) 0.00 206
    2024-02-01 $354,937 (6.6%) $408,990 (-3.1%) 0.00 177
    2024-03-01 $350,000 (4.5%) $403,422 (-5.8%) 0.00 168
    2024-04-01 $352,963 (0.9%) $407,830 (-6.0%) 0.00 199
    2024-05-01 $378,700 (6.7%) $431,832 (3.3%) 0.00 199
    2024-06-01 $381,475 (4.6%) $434,979 (1.1%) 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 (0.2%) 0.00 218
    2024-09-01 $380,000 (5.6%) $423,504 (-0.5%) 0.00 229
    2024-10-01 $374,974 (6.4%) $422,173 (1.0%) 0.00 228
    2024-11-01 $362,450 (3.6%) $412,200 (1.4%) 0.00 231
    2024-12-01 $343,500 (-1.9%) $417,209 (1.7%) 0.00 202
    2025-01-01 $344,975 (-0.3%) $420,658 (5.3%) 0.00 184
    Hermiston's median listing price for 2025-01-01 was $344,975, a difference of $-1,025 (-0.3%) versus the prior year and $1,475 versus the prior month.

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

    Hermiston's average listing price for 2025-01-01 was $420,658, a difference of $21,066 (5.3%) versus the prior year and $3,449 versus the prior month.

    For the 2025-01-01 period, Hermiston had 184 MLS listings, a difference of -18 listings (-9%) versus the prior month and -22 listings (-11%) 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 1,925 sqft
    2019-04-01 0 days 1,974 sqft
    2019-05-01 0 days 1,944 sqft
    2019-06-01 0 days 1,950 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 1,946 sqft
    2019-11-01 0 days 1,935 sqft
    2019-12-01 0 days 1,868 sqft
    2020-01-01 0 days 1,865 sqft
    2020-02-01 0 days 1,871 sqft
    2020-03-01 0 days 1,950 sqft
    2020-04-01 0 days 1,986 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 1,716 sqft
    2021-09-01 0 days 1,704 sqft
    2021-10-01 0 days 1,806 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 1,634 sqft
    2022-11-01 0 days 1,680 sqft
    2022-12-01 0 days 1,640 sqft
    2023-01-01 0 days 1,650 sqft
    2023-02-01 0 days 1,640 sqft
    2023-03-01 0 days 1,723 sqft
    2023-04-01 0 days 1,846 sqft
    2023-05-01 0 days 1,846 sqft
    2023-06-01 0 days 1,785 sqft
    2023-07-01 0 days 1,760 sqft
    2023-08-01 0 days 1,805 sqft
    2023-09-01 0 days 1,750 sqft
    2023-10-01 0 days 1,728 sqft
    2023-11-01 0 days 1,720 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 1,766 sqft
    2024-06-01 0 days 1,738 sqft
    2024-07-01 0 days 1,788 sqft
    2024-08-01 0 days 1,797 sqft
    2024-09-01 0 days 1,820 sqft
    2024-10-01 0 days 1,734 sqft
    2024-11-01 0 days 1,651 sqft
    2024-12-01 0 days 1,608 sqft
    2025-01-01 0 days 1,603 sqft
    Hermiston's median listing age (time on market) for 2025-01-01 was 0 days.

    Hermiston's median square footage for active listings during the 2025-01-01 period was 1,603 sqft. One year prior, the average listing was 1,715 sqft.