Hilo USDA Loan Rates, Closing Costs & Stats

Hilo, HI

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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.

    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 6.74% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Hilo's average USDA mortgage closing costs are $6,461.

    The average rate for the prior week (2025-02-07) was 6.6% and one month ago for the week of 2025-01-10, the average rate was 6.45%.

    The average rate one year ago was 6.54%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.07%.

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

    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
    2024-04-01 $647,750 (0.4%) $1,444,540 (2.5%) 1.51 886
    2024-05-01 $651,750 (5.6%) $1,414,915 (2.7%) 1.47 884
    2024-06-01 $640,000 (4.8%) $1,418,379 (-0.4%) 1.44 942
    2024-07-01 $633,500 (5.9%) $1,405,452 (3.7%) 1.45 1,015
    2024-08-01 $650,000 (11.4%) $1,399,803 (2.7%) 1.51 1,044
    2024-09-01 $654,750 (10.0%) $1,315,641 (-4.0%) 1.54 1,031
    2024-10-01 $646,821 (4.3%) $1,326,353 (-4.6%) 1.52 1,029
    2024-11-01 $672,500 (4.0%) $1,338,362 (-4.4%) 1.61 1,080
    2024-12-01 $699,000 (8.4%) $1,447,631 (2.6%) 1.74 1,086
    2025-01-01 $725,000 (12.4%) $1,469,095 (10.5%) 0.00 1,108
    Hilo's median listing price for 2025-01-01 was $725,000, a difference of $79,750 (12.4%) versus the prior year and $26,000 versus the prior month.

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

    Hilo's average listing price for 2025-01-01 was $1,469,095, a difference of $139,236 (10.5%) versus the prior year and $21,464 versus the prior month.

    For the 2025-01-01 period, Hilo had 1,108 MLS listings, a difference of 22 listings (2%) versus the prior month and 262 listings (31%) 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 1,544 sqft
    2018-04-01 87 days 1,557 sqft
    2018-05-01 90 days 1,550 sqft
    2018-06-01 91 days 1,567 sqft
    2018-07-01 94 days 1,577 sqft
    2018-08-01 94 days 1,566 sqft
    2018-09-01 92 days 1,562 sqft
    2018-10-01 93 days 1,545 sqft
    2018-11-01 86 days 1,550 sqft
    2018-12-01 85 days 1,568 sqft
    2019-01-01 83 days 1,568 sqft
    2019-02-01 82 days 1,584 sqft
    2019-03-01 84 days 1,584 sqft
    2019-04-01 86 days 1,584 sqft
    2019-05-01 92 days 1,582 sqft
    2019-06-01 94 days 1,560 sqft
    2019-07-01 96 days 1,554 sqft
    2019-08-01 101 days 1,549 sqft
    2019-09-01 101 days 1,542 sqft
    2019-10-01 101 days 1,539 sqft
    2019-11-01 96 days 1,539 sqft
    2019-12-01 96 days 1,514 sqft
    2020-01-01 96 days 1,508 sqft
    2020-02-01 93 days 1,538 sqft
    2020-03-01 88 days 1,500 sqft
    2020-04-01 90 days 1,458 sqft
    2020-05-01 98 days 1,486 sqft
    2020-06-01 105 days 1,496 sqft
    2020-07-01 105 days 1,529 sqft
    2020-08-01 84 days 1,516 sqft
    2020-09-01 78 days 1,502 sqft
    2020-10-01 78 days 1,506 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 1,486 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 1,522 sqft
    2021-07-01 52 days 1,492 sqft
    2021-08-01 46 days 1,440 sqft
    2021-09-01 43 days 1,500 sqft
    2021-10-01 47 days 1,440 sqft
    2021-11-01 56 days 1,451 sqft
    2021-12-01 56 days 1,439 sqft
    2022-01-01 53 days 1,455 sqft
    2022-02-01 52 days 1,408 sqft
    2022-03-01 45 days 1,390 sqft
    2022-04-01 46 days 1,419 sqft
    2022-05-01 44 days 1,418 sqft
    2022-06-01 47 days 1,425 sqft
    2022-07-01 48 days 1,461 sqft
    2022-08-01 58 days 1,485 sqft
    2022-09-01 68 days 1,458 sqft
    2022-10-01 71 days 1,456 sqft
    2022-11-01 72 days 1,462 sqft
    2022-12-01 76 days 1,430 sqft
    2023-01-01 82 days 1,456 sqft
    2023-02-01 80 days 1,442 sqft
    2023-03-01 83 days 1,451 sqft
    2023-04-01 78 days 1,464 sqft
    2023-05-01 69 days 1,447 sqft
    2023-06-01 70 days 1,492 sqft
    2023-07-01 67 days 1,440 sqft
    2023-08-01 76 days 1,419 sqft
    2023-09-01 78 days 1,437 sqft
    2023-10-01 71 days 1,506 sqft
    2023-11-01 74 days 1,500 sqft
    2023-12-01 75 days 1,520 sqft
    2024-01-01 77 days 1,492 sqft
    2024-02-01 74 days 1,455 sqft
    2024-03-01 79 days 1,447 sqft
    2024-04-01 78 days 1,460 sqft
    2024-05-01 77 days 1,500 sqft
    2024-06-01 75 days 1,446 sqft
    2024-07-01 79 days 1,441 sqft
    2024-08-01 83 days 1,429 sqft
    2024-09-01 86 days 1,416 sqft
    2024-10-01 86 days 1,388 sqft
    2024-11-01 82 days 1,424 sqft
    2024-12-01 85 days 1,436 sqft
    2025-01-01 0 days 1,446 sqft
    Hilo's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Hilo's median square footage for active listings during the 2025-01-01 period was 1,446 sqft. One year prior, the average listing was 1,492 sqft.