Klamath Falls USDA Loan Rates, Closing Costs & Stats
Klamath Falls, 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.
Klamath Falls's 6 lenders originated 14 USDA loans during 2023. The total origination value was $3,120,000, with an average USDA loan value of $222,857.
Klamath Falls USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Klamath Falls
averaged
6.68%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Klamath Falls's average USDA mortgage closing costs are $5,763.
The average rate for the prior week (2024-04-12) was
6.84% and
one month ago for the week of 2024-03-15, the
average rate was 6.52%.
The average rate one year ago was 6.16%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.86%.
Klamath Falls 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 Klamath Falls level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| MASON MCDUFFIE MORTGAGE CORPORATION | 5 | 6.65% | $8,948 |
| Century Mortgage Company DBA Century Lending Company | 2 | 6.50% | $7,393 |
| Sierra Pacific Mortgage Company, Inc. | 2 | 5.50% | $9,611 |
| BROKER SOLUTIONS, INC. | 1 | 6.10% | $5,285 |
| Flagstar Bank, FSB | 1 | 7.17% | $8,923 |
| SUMMIT FUNDING, INC. | 1 | 6.50% | $8,424 |
The top Klamath Falls USDA lender as defined by loan originations is MASON MCDUFFIE MORTGAGE CORPORATION, with
5 USDA loans originated. Their average total fees are
$8,948, which is $1,556
higher than the next largest lender,
Century Mortgage Company DBA Century Lending Company.
The lowest fee Klamath Falls USDA lenders (with over 10 loans originated) are
.
The lowest rate Klamath Falls USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Klamath Falls (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 | $211,250 (16.7%) | $280,294 (4.5%) | 0.00 | 307 |
| 2018-02-01 | $211,975 (17.8%) | $274,022 (-1.0%) | 0.00 | 305 |
| 2018-03-01 | $219,000 (15.6%) | $289,276 (-2.4%) | 0.00 | 304 |
| 2018-04-01 | $237,500 (21.8%) | $309,779 (4.6%) | 0.00 | 305 |
| 2018-05-01 | $250,000 (19.2%) | $318,895 (6.0%) | 0.00 | 336 |
| 2018-06-01 | $239,000 (19.4%) | $308,275 (3.7%) | 0.00 | 376 |
| 2018-07-01 | $249,225 (24.3%) | $308,957 (4.4%) | 0.00 | 392 |
| 2018-08-01 | $248,000 (25.6%) | $311,283 (11.9%) | 0.00 | 413 |
| 2018-09-01 | $244,900 (19.5%) | $314,936 (13.0%) | 0.00 | 447 |
| 2018-10-01 | $239,950 (15.0%) | $313,740 (9.3%) | 0.00 | 423 |
| 2018-11-01 | $249,000 (17.2%) | $318,953 (10.1%) | 0.00 | 406 |
| 2018-12-01 | $244,900 (16.6%) | $317,634 (11.2%) | 0.00 | 364 |
| 2019-01-01 | $242,450 (14.8%) | $320,283 (14.3%) | 0.00 | 326 |
| 2019-02-01 | $248,000 (17.0%) | $319,435 (16.6%) | 0.00 | 293 |
| 2019-03-01 | $256,350 (17.1%) | $330,370 (14.2%) | 0.00 | 284 |
| 2019-04-01 | $264,975 (11.6%) | $333,016 (7.5%) | 0.00 | 298 |
| 2019-05-01 | $266,725 (6.7%) | $333,055 (4.4%) | 0.00 | 336 |
| 2019-06-01 | $274,950 (15.0%) | $339,890 (10.3%) | 0.00 | 399 |
| 2019-07-01 | $272,450 (9.3%) | $331,526 (7.3%) | 0.00 | 451 |
| 2019-08-01 | $268,550 (8.3%) | $330,612 (6.2%) | 0.00 | 444 |
| 2019-09-01 | $266,525 (8.8%) | $330,748 (5.0%) | 0.00 | 429 |
| 2019-10-01 | $264,925 (10.4%) | $330,489 (5.3%) | 0.00 | 410 |
| 2019-11-01 | $259,000 (4.0%) | $331,934 (4.1%) | 0.00 | 339 |
| 2019-12-01 | $247,100 (0.9%) | $330,515 (4.1%) | 0.00 | 290 |
| 2020-01-01 | $238,500 (-1.6%) | $328,837 (2.7%) | 0.00 | 246 |
| 2020-02-01 | $264,900 (6.8%) | $349,257 (9.3%) | 0.00 | 233 |
| 2020-03-01 | $258,450 (0.8%) | $341,752 (3.5%) | 0.00 | 257 |
| 2020-04-01 | $259,000 (-2.3%) | $323,260 (-2.9%) | 0.00 | 278 |
| 2020-05-01 | $275,000 (3.1%) | $353,881 (6.3%) | 0.00 | 241 |
| 2020-06-01 | $294,949 (7.3%) | $379,238 (11.6%) | 0.00 | 207 |
| 2020-07-01 | $307,500 (12.9%) | $386,452 (16.6%) | 0.00 | 212 |
| 2020-08-01 | $327,000 (21.8%) | $404,400 (22.3%) | 0.00 | 192 |
| 2020-09-01 | $336,500 (26.3%) | $426,508 (29.0%) | 0.00 | 178 |
| 2020-10-01 | $329,000 (24.2%) | $424,472 (28.4%) | 0.00 | 170 |
| 2020-11-01 | $329,000 (27.0%) | $433,023 (30.5%) | 0.00 | 135 |
| 2020-12-01 | $319,925 (29.5%) | $403,817 (22.2%) | 0.00 | 117 |
| 2021-01-01 | $325,000 (36.3%) | $418,525 (27.3%) | 0.00 | 103 |
| 2021-02-01 | $329,225 (24.3%) | $572,366 (63.9%) | 0.00 | 89 |
| 2021-03-01 | $310,975 (20.3%) | $600,309 (75.7%) | 0.00 | 76 |
| 2021-04-01 | $320,000 (23.6%) | $584,339 (80.8%) | 0.00 | 92 |
| 2021-05-01 | $334,000 (21.5%) | $543,542 (53.6%) | 0.00 | 125 |
| 2021-06-01 | $330,725 (12.1%) | $509,277 (34.3%) | 0.00 | 144 |
| 2021-07-01 | $342,450 (11.4%) | $517,143 (33.8%) | 0.00 | 152 |
| 2021-08-01 | $348,875 (6.7%) | $505,600 (25.0%) | 0.00 | 170 |
| 2021-09-01 | $342,500 (1.8%) | $488,927 (14.6%) | 0.00 | 182 |
| 2021-10-01 | $349,000 (6.1%) | $492,821 (16.1%) | 0.00 | 182 |
| 2021-11-01 | $340,750 (3.6%) | $520,694 (20.3%) | 0.00 | 148 |
| 2021-12-01 | $359,000 (12.2%) | $547,971 (35.7%) | 0.00 | 131 |
| 2022-01-01 | $353,700 (8.8%) | $567,439 (35.6%) | 0.00 | 108 |
| 2022-02-01 | $378,250 (14.9%) | $661,569 (15.6%) | 0.00 | 103 |
| 2022-03-01 | $380,750 (22.4%) | $622,098 (3.6%) | 0.00 | 119 |
| 2022-04-01 | $382,450 (19.5%) | $619,621 (6.0%) | 0.00 | 141 |
| 2022-05-01 | $375,000 (12.3%) | $571,826 (5.2%) | 0.00 | 176 |
| 2022-06-01 | $362,500 (9.6%) | $549,911 (8.0%) | 0.00 | 207 |
| 2022-07-01 | $373,000 (8.9%) | $575,527 (11.3%) | 0.00 | 214 |
| 2022-08-01 | $359,950 (3.2%) | $556,749 (10.1%) | 0.00 | 211 |
| 2022-09-01 | $370,000 (8.0%) | $567,288 (16.0%) | 0.00 | 193 |
| 2022-10-01 | $375,000 (7.5%) | $556,198 (12.9%) | 0.00 | 204 |
| 2022-11-01 | $372,450 (9.3%) | $547,460 (5.1%) | 0.00 | 210 |
| 2022-12-01 | $352,500 (-1.8%) | $471,009 (-14.0%) | 0.00 | 210 |
| 2023-01-01 | $355,000 (0.4%) | $474,581 (-16.4%) | 0.00 | 200 |
| 2023-02-01 | $355,125 (-6.1%) | $468,465 (-29.2%) | 0.00 | 199 |
| 2023-03-01 | $371,000 (-2.6%) | $507,719 (-18.4%) | 0.00 | 185 |
| 2023-04-01 | $375,000 (-2.0%) | $514,018 (-17.0%) | 0.00 | 196 |
| 2023-05-01 | $382,749 (2.1%) | $529,569 (-7.4%) | 0.00 | 208 |
| 2023-06-01 | $386,999 (6.8%) | $524,093 (-4.7%) | 0.00 | 223 |
| 2023-07-01 | $385,000 (3.2%) | $515,254 (-10.5%) | 0.00 | 267 |
| 2023-08-01 | $384,998 (7.0%) | $517,124 (-7.1%) | 0.00 | 267 |
| 2023-09-01 | $394,500 (6.6%) | $528,146 (-6.9%) | 0.00 | 272 |
| 2023-10-01 | $373,623 (-0.4%) | $534,157 (-4.0%) | 0.00 | 266 |
| 2023-11-01 | $364,950 (-2.0%) | $538,707 (-1.6%) | 0.00 | 235 |
| 2023-12-01 | $370,000 (5.0%) | $557,033 (18.3%) | 0.00 | 218 |
| 2024-01-01 | $387,998 (9.3%) | $545,597 (15.0%) | 0.00 | 186 |
| 2024-02-01 | $385,975 (8.7%) | $541,325 (15.6%) | 0.00 | 185 |
| 2024-03-01 | $389,000 (4.9%) | $569,976 (12.3%) | 0.00 | 203 |
Klamath Falls's median listing price comes in at 0% of the national average.
Klamath Falls's average listing price for 2024-03-01 was $569,976, a difference of $62,257 (12.3%) versus the prior year and $28,651 versus the prior month.
For the 2024-03-01 period, Klamath Falls had 203 MLS listings, a difference of 18 listings (10%) versus the prior month and 18 listings (10%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Klamath Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,664 sqft |
| 2018-02-01 | 0 days | 1,677 sqft |
| 2018-03-01 | 0 days | 1,736 sqft |
| 2018-04-01 | 0 days | 1,806 sqft |
| 2018-05-01 | 0 days | 1,829 sqft |
| 2018-06-01 | 0 days | 1,782 sqft |
| 2018-07-01 | 0 days | 1,782 sqft |
| 2018-08-01 | 0 days | 1,775 sqft |
| 2018-09-01 | 0 days | 1,783 sqft |
| 2018-10-01 | 0 days | 1,781 sqft |
| 2018-11-01 | 0 days | 1,795 sqft |
| 2018-12-01 | 0 days | 1,792 sqft |
| 2019-01-01 | 0 days | 1,793 sqft |
| 2019-02-01 | 0 days | 1,787 sqft |
| 2019-03-01 | 0 days | 1,839 sqft |
| 2019-04-01 | 0 days | 1,874 sqft |
| 2019-05-01 | 0 days | 1,850 sqft |
| 2019-06-01 | 0 days | 1,888 sqft |
| 2019-07-01 | 0 days | 1,873 sqft |
| 2019-08-01 | 0 days | 1,870 sqft |
| 2019-09-01 | 0 days | 1,864 sqft |
| 2019-10-01 | 0 days | 1,870 sqft |
| 2019-11-01 | 0 days | 1,879 sqft |
| 2019-12-01 | 0 days | 1,844 sqft |
| 2020-01-01 | 0 days | 1,788 sqft |
| 2020-02-01 | 0 days | 1,824 sqft |
| 2020-03-01 | 0 days | 1,788 sqft |
| 2020-04-01 | 0 days | 1,779 sqft |
| 2020-05-01 | 0 days | 1,865 sqft |
| 2020-06-01 | 0 days | 1,917 sqft |
| 2020-07-01 | 0 days | 1,920 sqft |
| 2020-08-01 | 0 days | 2,050 sqft |
| 2020-09-01 | 0 days | 2,087 sqft |
| 2020-10-01 | 0 days | 1,972 sqft |
| 2020-11-01 | 0 days | 1,938 sqft |
| 2020-12-01 | 0 days | 1,788 sqft |
| 2021-01-01 | 0 days | 1,805 sqft |
| 2021-02-01 | 0 days | 1,905 sqft |
| 2021-03-01 | 0 days | 1,933 sqft |
| 2021-04-01 | 0 days | 2,019 sqft |
| 2021-05-01 | 0 days | 1,864 sqft |
| 2021-06-01 | 0 days | 1,770 sqft |
| 2021-07-01 | 0 days | 1,787 sqft |
| 2021-08-01 | 0 days | 1,720 sqft |
| 2021-09-01 | 0 days | 1,589 sqft |
| 2021-10-01 | 0 days | 1,603 sqft |
| 2021-11-01 | 0 days | 1,589 sqft |
| 2021-12-01 | 0 days | 1,615 sqft |
| 2022-01-01 | 0 days | 1,632 sqft |
| 2022-02-01 | 0 days | 1,764 sqft |
| 2022-03-01 | 0 days | 1,891 sqft |
| 2022-04-01 | 0 days | 1,904 sqft |
| 2022-05-01 | 0 days | 1,858 sqft |
| 2022-06-01 | 0 days | 1,875 sqft |
| 2022-07-01 | 0 days | 1,798 sqft |
| 2022-08-01 | 0 days | 1,712 sqft |
| 2022-09-01 | 0 days | 1,745 sqft |
| 2022-10-01 | 0 days | 1,733 sqft |
| 2022-11-01 | 0 days | 1,749 sqft |
| 2022-12-01 | 0 days | 1,748 sqft |
| 2023-01-01 | 0 days | 1,696 sqft |
| 2023-02-01 | 0 days | 1,685 sqft |
| 2023-03-01 | 0 days | 1,658 sqft |
| 2023-04-01 | 0 days | 1,706 sqft |
| 2023-05-01 | 0 days | 1,726 sqft |
| 2023-06-01 | 0 days | 1,761 sqft |
| 2023-07-01 | 0 days | 1,680 sqft |
| 2023-08-01 | 0 days | 1,760 sqft |
| 2023-09-01 | 0 days | 1,800 sqft |
| 2023-10-01 | 0 days | 1,694 sqft |
| 2023-11-01 | 0 days | 1,655 sqft |
| 2023-12-01 | 0 days | 1,704 sqft |
| 2024-01-01 | 0 days | 1,790 sqft |
| 2024-02-01 | 0 days | 1,733 sqft |
| 2024-03-01 | 0 days | 1,702 sqft |
Klamath Falls's median square footage for active listings during the 2024-03-01 period was 1,702 sqft. One year prior, the average listing was 1,658 sqft.