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 6.62% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Klamath Falls's average USDA mortgage closing costs are $5,763.

The average rate for the prior week (2024-05-31) was 6.9% and one month ago for the week of 2024-05-03, the average rate was 6.69%.

The average rate one year ago was 6.79%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.6%.

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

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
2024-04-01 $386,725 (3.1%) $564,661 (9.9%) 0.00 236
2024-05-01 $399,250 (4.3%) $574,064 (8.4%) 0.00 253
Klamath Falls's median listing price for 2024-05-01 was $399,250, a difference of $16,501 (4.3%) versus the prior year and $12,525 versus the prior month.

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

Klamath Falls's average listing price for 2024-05-01 was $574,064, a difference of $44,495 (8.4%) versus the prior year and $9,403 versus the prior month.

For the 2024-05-01 period, Klamath Falls had 253 MLS listings, a difference of 17 listings (7%) versus the prior month and 45 listings (22%) 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
2024-04-01 0 days 1,695 sqft
2024-05-01 0 days 1,707 sqft
Klamath Falls's median listing age (time on market) for 2024-05-01 was 0 days.

Klamath Falls's median square footage for active listings during the 2024-05-01 period was 1,707 sqft. One year prior, the average listing was 1,726 sqft.