Hilo USDA Loan Rates, Closing Costs & Stats
Hilo, HI
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.
Hilo's 7 lenders originated 17 USDA loans during 2023. The total origination value was $5,745,000, with an average USDA loan value of $337,941.
Hilo USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Hilo
averaged
6.88%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Hilo's average USDA mortgage closing costs are $6,461.
The average rate for the prior week (2024-04-12) was
6.63% and
one month ago for the week of 2024-03-15, the
average rate was 6.51%.
The average rate one year ago was 6.25%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.21%.
Hilo 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 Hilo level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | 6 | 5.62% | $11,282 |
| V.I.P. MORTGAGE, INC. | 5 | 6.35% | $10,237 |
| NEWREZ LLC | 2 | 6.25% | $9,216 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 5.63% | $6,697 |
| OCMBC, INC. | 1 | 6.25% | $13,078 |
| Nations Lending Corporation | 1 | 6.63% | $7,142 |
| GUILD MORTGAGE COMPANY | 1 | 6.13% | $8,676 |
The top Hilo USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
6 USDA loans originated. Their average total fees are
$11,282, which is $1,045
higher than the next largest lender,
V.I.P. MORTGAGE, INC..
The lowest fee Hilo USDA lenders (with over 10 loans originated) are
.
The lowest rate Hilo USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hilo (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 | $499,500 (0.1%) | $1,027,693 (3.5%) | 1.85 | 1,446 |
| 2018-02-01 | $499,000 (0.2%) | $1,021,937 (4.8%) | 1.81 | 1,477 |
| 2018-03-01 | $499,000 (1.7%) | $1,027,015 (7.6%) | 1.75 | 1,398 |
| 2018-04-01 | $499,000 (1.4%) | $999,257 (1.5%) | 1.69 | 1,357 |
| 2018-05-01 | $499,000 (5.2%) | $1,015,049 (1.9%) | 1.67 | 1,317 |
| 2018-06-01 | $499,000 (5.8%) | $1,017,797 (3.3%) | 1.66 | 1,352 |
| 2018-07-01 | $499,350 (4.1%) | $1,016,596 (3.0%) | 1.67 | 1,361 |
| 2018-08-01 | $499,000 (2.0%) | $1,011,483 (-1.6%) | 1.67 | 1,374 |
| 2018-09-01 | $479,000 (-1.2%) | $986,136 (-3.2%) | 1.61 | 1,366 |
| 2018-10-01 | $459,375 (-3.6%) | $940,464 (-4.3%) | 1.56 | 1,385 |
| 2018-11-01 | $452,500 (-4.1%) | $914,093 (-4.8%) | 1.53 | 1,458 |
| 2018-12-01 | $469,900 (-3.9%) | $971,167 (-0.2%) | 1.62 | 1,502 |
| 2019-01-01 | $484,000 (-3.1%) | $982,233 (-4.4%) | 1.67 | 1,587 |
| 2019-02-01 | $484,500 (-2.9%) | $1,010,645 (-1.1%) | 1.64 | 1,616 |
| 2019-03-01 | $480,857 (-3.6%) | $1,013,424 (-1.3%) | 1.57 | 1,588 |
| 2019-04-01 | $469,750 (-5.9%) | $1,012,014 (1.3%) | 1.49 | 1,573 |
| 2019-05-01 | $467,375 (-6.3%) | $1,018,600 (0.4%) | 1.46 | 1,537 |
| 2019-06-01 | $449,900 (-9.8%) | $1,007,027 (-1.1%) | 1.41 | 1,514 |
| 2019-07-01 | $449,450 (-10.0%) | $993,279 (-2.3%) | 1.41 | 1,481 |
| 2019-08-01 | $443,545 (-11.1%) | $1,017,687 (0.6%) | 1.40 | 1,465 |
| 2019-09-01 | $435,364 (-9.1%) | $1,015,669 (3.0%) | 1.39 | 1,438 |
| 2019-10-01 | $432,409 (-5.9%) | $1,022,247 (8.7%) | 1.40 | 1,418 |
| 2019-11-01 | $439,250 (-2.9%) | $1,043,382 (14.1%) | 1.44 | 1,444 |
| 2019-12-01 | $429,000 (-8.7%) | $1,035,821 (6.7%) | 1.43 | 1,443 |
| 2020-01-01 | $444,450 (-8.2%) | $1,065,904 (8.5%) | 1.49 | 1,397 |
| 2020-02-01 | $447,000 (-7.7%) | $1,086,716 (7.5%) | 1.46 | 1,368 |
| 2020-03-01 | $430,950 (-10.4%) | $1,065,382 (5.1%) | 1.35 | 1,380 |
| 2020-04-01 | $419,675 (-10.7%) | $994,660 (-1.7%) | 1.31 | 1,318 |
| 2020-05-01 | $449,000 (-3.9%) | $1,021,978 (0.3%) | 1.36 | 1,297 |
| 2020-06-01 | $461,500 (2.6%) | $1,044,978 (3.8%) | 1.36 | 1,271 |
| 2020-07-01 | $458,500 (2.0%) | $1,095,762 (10.3%) | 1.33 | 1,171 |
| 2020-08-01 | $449,900 (1.4%) | $1,120,367 (10.1%) | 1.29 | 1,122 |
| 2020-09-01 | $491,125 (12.8%) | $1,215,921 (19.7%) | 1.41 | 1,028 |
| 2020-10-01 | $499,000 (15.4%) | $1,294,728 (26.7%) | 1.43 | 1,002 |
| 2020-11-01 | $499,000 (13.6%) | $1,283,744 (23.0%) | 1.46 | 956 |
| 2020-12-01 | $499,000 (16.3%) | $1,330,888 (28.5%) | 1.48 | 910 |
| 2021-01-01 | $499,000 (12.3%) | $1,325,019 (24.3%) | 1.49 | 832 |
| 2021-02-01 | $488,750 (9.3%) | $1,356,891 (24.9%) | 1.42 | 662 |
| 2021-03-01 | $490,000 (13.7%) | $1,453,456 (36.4%) | 1.39 | 557 |
| 2021-04-01 | $476,000 (13.4%) | $1,344,306 (35.2%) | 1.29 | 525 |
| 2021-05-01 | $540,000 (20.3%) | $1,232,227 (20.6%) | 1.43 | 464 |
| 2021-06-01 | $563,875 (22.2%) | $1,305,742 (25.0%) | 1.48 | 444 |
| 2021-07-01 | $549,500 (19.9%) | $1,297,349 (18.4%) | 1.45 | 411 |
| 2021-08-01 | $550,000 (22.3%) | $1,227,367 (9.6%) | 1.47 | 436 |
| 2021-09-01 | $577,500 (17.6%) | $1,163,722 (-4.3%) | 1.54 | 494 |
| 2021-10-01 | $549,000 (10.0%) | $1,226,055 (-5.3%) | 1.46 | 492 |
| 2021-11-01 | $525,000 (5.2%) | $1,368,781 (6.6%) | 1.40 | 487 |
| 2021-12-01 | $538,000 (7.8%) | $1,335,776 (0.4%) | 1.46 | 468 |
| 2022-01-01 | $527,000 (5.6%) | $1,485,071 (12.1%) | 1.42 | 453 |
| 2022-02-01 | $517,500 (5.9%) | $1,444,549 (6.5%) | 1.35 | 453 |
| 2022-03-01 | $512,875 (4.7%) | $1,418,551 (-2.4%) | 1.28 | 455 |
| 2022-04-01 | $515,000 (8.2%) | $1,370,457 (2.0%) | 1.23 | 444 |
| 2022-05-01 | $564,500 (4.5%) | $1,336,610 (8.5%) | 1.29 | 497 |
| 2022-06-01 | $627,000 (11.2%) | $1,277,921 (-2.1%) | 1.40 | 571 |
| 2022-07-01 | $649,000 (18.1%) | $1,225,441 (-5.5%) | 1.46 | 684 |
| 2022-08-01 | $640,750 (16.5%) | $1,217,395 (-0.8%) | 1.48 | 702 |
| 2022-09-01 | $625,000 (8.2%) | $1,189,718 (2.2%) | 1.46 | 680 |
| 2022-10-01 | $599,950 (9.3%) | $1,177,805 (-3.9%) | 1.41 | 727 |
| 2022-11-01 | $605,500 (15.3%) | $1,160,231 (-15.2%) | 1.46 | 758 |
| 2022-12-01 | $599,000 (11.3%) | $1,162,843 (-13.0%) | 1.48 | 778 |
| 2023-01-01 | $630,000 (19.5%) | $1,329,581 (-10.5%) | 1.56 | 750 |
| 2023-02-01 | $599,250 (15.8%) | $1,305,048 (-9.7%) | 1.45 | 747 |
| 2023-03-01 | $628,000 (22.5%) | $1,388,714 (-2.1%) | 1.48 | 707 |
| 2023-04-01 | $645,000 (25.2%) | $1,409,083 (2.8%) | 1.50 | 661 |
| 2023-05-01 | $616,972 (9.3%) | $1,377,894 (3.1%) | 1.40 | 638 |
| 2023-06-01 | $610,625 (-2.6%) | $1,424,037 (11.4%) | 1.37 | 658 |
| 2023-07-01 | $598,000 (-7.9%) | $1,355,545 (10.6%) | 1.36 | 690 |
| 2023-08-01 | $583,250 (-9.0%) | $1,363,697 (12.0%) | 1.34 | 677 |
| 2023-09-01 | $595,000 (-4.8%) | $1,369,956 (15.2%) | 1.39 | 693 |
| 2023-10-01 | $620,000 (3.3%) | $1,390,206 (18.0%) | 1.46 | 717 |
| 2023-11-01 | $646,925 (6.8%) | $1,400,273 (20.7%) | 1.54 | 780 |
| 2023-12-01 | $645,000 (7.7%) | $1,410,416 (21.3%) | 1.57 | 818 |
| 2024-01-01 | $645,250 (2.4%) | $1,329,859 (0.0%) | 1.58 | 846 |
| 2024-02-01 | $633,250 (5.7%) | $1,297,565 (-0.6%) | 1.52 | 880 |
| 2024-03-01 | $645,000 (2.7%) | $1,346,637 (-3.0%) | 1.52 | 868 |
Hilo's median listing price comes in at 152% of the national average.
Hilo's average listing price for 2024-03-01 was $1,346,637, a difference of $-42,077 (-3.0%) versus the prior year and $49,072 versus the prior month.
For the 2024-03-01 period, Hilo had 868 MLS listings, a difference of -12 listings (-1%) versus the prior month and 161 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hilo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 91 days | 1,565 sqft |
| 2018-02-01 | 88 days | 1,551 sqft |
| 2018-03-01 | 88 days | 1,543 sqft |
| 2018-04-01 | 87 days | 1,556 sqft |
| 2018-05-01 | 90 days | 1,549 sqft |
| 2018-06-01 | 91 days | 1,568 sqft |
| 2018-07-01 | 94 days | 1,578 sqft |
| 2018-08-01 | 94 days | 1,566 sqft |
| 2018-09-01 | 92 days | 1,564 sqft |
| 2018-10-01 | 93 days | 1,546 sqft |
| 2018-11-01 | 86 days | 1,551 sqft |
| 2018-12-01 | 85 days | 1,568 sqft |
| 2019-01-01 | 83 days | 1,573 sqft |
| 2019-02-01 | 82 days | 1,586 sqft |
| 2019-03-01 | 84 days | 1,587 sqft |
| 2019-04-01 | 86 days | 1,585 sqft |
| 2019-05-01 | 92 days | 1,584 sqft |
| 2019-06-01 | 94 days | 1,564 sqft |
| 2019-07-01 | 96 days | 1,559 sqft |
| 2019-08-01 | 101 days | 1,556 sqft |
| 2019-09-01 | 101 days | 1,545 sqft |
| 2019-10-01 | 101 days | 1,543 sqft |
| 2019-11-01 | 96 days | 1,540 sqft |
| 2019-12-01 | 96 days | 1,520 sqft |
| 2020-01-01 | 96 days | 1,515 sqft |
| 2020-02-01 | 93 days | 1,540 sqft |
| 2020-03-01 | 88 days | 1,505 sqft |
| 2020-04-01 | 90 days | 1,462 sqft |
| 2020-05-01 | 98 days | 1,488 sqft |
| 2020-06-01 | 105 days | 1,501 sqft |
| 2020-07-01 | 105 days | 1,530 sqft |
| 2020-08-01 | 84 days | 1,516 sqft |
| 2020-09-01 | 78 days | 1,507 sqft |
| 2020-10-01 | 78 days | 1,509 sqft |
| 2020-11-01 | 76 days | 1,471 sqft |
| 2020-12-01 | 75 days | 1,469 sqft |
| 2021-01-01 | 81 days | 1,486 sqft |
| 2021-02-01 | 82 days | 1,488 sqft |
| 2021-03-01 | 61 days | 1,515 sqft |
| 2021-04-01 | 52 days | 1,476 sqft |
| 2021-05-01 | 50 days | 1,524 sqft |
| 2021-06-01 | 48 days | 1,525 sqft |
| 2021-07-01 | 52 days | 1,496 sqft |
| 2021-08-01 | 46 days | 1,441 sqft |
| 2021-09-01 | 43 days | 1,500 sqft |
| 2021-10-01 | 47 days | 1,440 sqft |
| 2021-11-01 | 56 days | 1,450 sqft |
| 2021-12-01 | 56 days | 1,439 sqft |
| 2022-01-01 | 53 days | 1,451 sqft |
| 2022-02-01 | 52 days | 1,407 sqft |
| 2022-03-01 | 45 days | 1,390 sqft |
| 2022-04-01 | 46 days | 1,418 sqft |
| 2022-05-01 | 44 days | 1,417 sqft |
| 2022-06-01 | 47 days | 1,427 sqft |
| 2022-07-01 | 48 days | 1,461 sqft |
| 2022-08-01 | 58 days | 1,486 sqft |
| 2022-09-01 | 68 days | 1,459 sqft |
| 2022-10-01 | 71 days | 1,457 sqft |
| 2022-11-01 | 72 days | 1,462 sqft |
| 2022-12-01 | 76 days | 1,430 sqft |
| 2023-01-01 | 82 days | 1,457 sqft |
| 2023-02-01 | 80 days | 1,443 sqft |
| 2023-03-01 | 83 days | 1,452 sqft |
| 2023-04-01 | 78 days | 1,476 sqft |
| 2023-05-01 | 69 days | 1,452 sqft |
| 2023-06-01 | 70 days | 1,495 sqft |
| 2023-07-01 | 67 days | 1,440 sqft |
| 2023-08-01 | 76 days | 1,424 sqft |
| 2023-09-01 | 78 days | 1,439 sqft |
| 2023-10-01 | 71 days | 1,510 sqft |
| 2023-11-01 | 74 days | 1,508 sqft |
| 2023-12-01 | 75 days | 1,520 sqft |
| 2024-01-01 | 77 days | 1,500 sqft |
| 2024-02-01 | 74 days | 1,462 sqft |
| 2024-03-01 | 79 days | 1,448 sqft |
Hilo's median square footage for active listings during the 2024-03-01 period was 1,448 sqft. One year prior, the average listing was 1,452 sqft.