La Grande USDA Loan Rates, Closing Costs & Stats
La Grande, 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.
La Grande's 5 lenders originated 14 USDA loans during 2023. The total origination value was $3,230,000, with an average USDA loan value of $230,714.
La Grande USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in La Grande
averaged
7.18%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
La Grande's average USDA mortgage closing costs are $5,737.
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 6.62%.
The average rate one year ago was 6.26%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.76%.
La Grande 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 La Grande level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| MANN FINANCIAL INC. | 7 | 6.93% | $8,898 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 6.42% | $8,597 |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | 1 | 6.50% | $8,840 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 5.50% | $10,229 |
| GUILD MORTGAGE COMPANY | 1 | 5.63% | $9,189 |
The top La Grande USDA lender as defined by loan originations is MANN FINANCIAL INC., with
7 USDA loans originated. Their average total fees are
$8,898, which is $301
higher than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee La Grande USDA lenders (with over 10 loans originated) are
.
The lowest rate La Grande USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - La Grande (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 | $237,925 (-8.5%) | $346,232 (0.8%) | 0.00 | 76 |
| 2018-02-01 | $254,950 (0.0%) | $373,800 (4.7%) | 0.00 | 68 |
| 2018-03-01 | $249,000 (-7.8%) | $374,451 (1.0%) | 0.00 | 71 |
| 2018-04-01 | $279,125 (5.3%) | $428,410 (16.3%) | 0.00 | 72 |
| 2018-05-01 | $276,950 (2.1%) | $416,206 (12.2%) | 0.00 | 78 |
| 2018-06-01 | $275,000 (5.9%) | $415,301 (19.8%) | 0.00 | 82 |
| 2018-07-01 | $265,000 (-6.8%) | $337,652 (-12.6%) | 0.00 | 84 |
| 2018-08-01 | $266,425 (-2.1%) | $353,273 (-3.9%) | 0.00 | 87 |
| 2018-09-01 | $291,250 (9.9%) | $366,306 (3.9%) | 0.00 | 73 |
| 2018-10-01 | $285,000 (6.7%) | $356,457 (3.6%) | 0.00 | 76 |
| 2018-11-01 | $287,500 (5.2%) | $370,146 (2.3%) | 0.00 | 70 |
| 2018-12-01 | $277,450 (17.6%) | $361,084 (5.7%) | 0.00 | 67 |
| 2019-01-01 | $274,950 (15.6%) | $363,875 (5.1%) | 0.00 | 65 |
| 2019-02-01 | $279,975 (9.8%) | $369,768 (-1.1%) | 0.00 | 61 |
| 2019-03-01 | $277,829 (11.6%) | $365,886 (-2.3%) | 0.00 | 65 |
| 2019-04-01 | $275,354 (-1.4%) | $365,493 (-14.7%) | 0.00 | 74 |
| 2019-05-01 | $278,450 (0.5%) | $369,002 (-11.3%) | 0.00 | 80 |
| 2019-06-01 | $269,900 (-1.9%) | $376,626 (-9.3%) | 0.00 | 93 |
| 2019-07-01 | $278,000 (4.9%) | $383,276 (13.5%) | 0.00 | 89 |
| 2019-08-01 | $273,427 (2.6%) | $395,241 (11.9%) | 0.00 | 87 |
| 2019-09-01 | $268,068 (-8.0%) | $412,465 (12.6%) | 0.00 | 83 |
| 2019-10-01 | $263,900 (-7.4%) | $365,435 (2.5%) | 0.00 | 78 |
| 2019-11-01 | $263,900 (-8.2%) | $306,581 (-17.2%) | 0.00 | 65 |
| 2019-12-01 | $244,748 (-11.8%) | $279,488 (-22.6%) | 0.00 | 60 |
| 2020-01-01 | $242,975 (-11.6%) | $268,671 (-26.2%) | 0.00 | 52 |
| 2020-02-01 | $240,000 (-14.3%) | $258,361 (-30.1%) | 0.00 | 46 |
| 2020-03-01 | $213,500 (-23.2%) | $251,736 (-31.2%) | 0.00 | 44 |
| 2020-04-01 | $219,000 (-20.5%) | $251,954 (-31.1%) | 0.00 | 46 |
| 2020-05-01 | $239,995 (-13.8%) | $257,745 (-30.2%) | 0.00 | 42 |
| 2020-06-01 | $253,000 (-6.3%) | $324,508 (-13.8%) | 0.00 | 34 |
| 2020-07-01 | $280,298 (0.8%) | $315,990 (-17.6%) | 0.00 | 37 |
| 2020-08-01 | $254,900 (-6.8%) | $327,799 (-17.1%) | 0.00 | 34 |
| 2020-09-01 | $234,500 (-12.5%) | $309,178 (-25.0%) | 0.00 | 31 |
| 2020-10-01 | $262,500 (-0.5%) | $364,688 (-0.2%) | 0.00 | 22 |
| 2020-11-01 | $245,400 (-7.0%) | $345,059 (12.6%) | 0.00 | 21 |
| 2020-12-01 | $231,200 (-5.5%) | $317,749 (13.7%) | 0.00 | 24 |
| 2021-01-01 | $261,700 (7.7%) | $334,159 (24.4%) | 0.00 | 22 |
| 2021-02-01 | $286,325 (19.3%) | $356,821 (38.1%) | 0.00 | 15 |
| 2021-03-01 | $289,750 (35.7%) | $373,427 (48.3%) | 0.00 | 17 |
| 2021-04-01 | $269,000 (22.8%) | $429,227 (70.4%) | 0.00 | 18 |
| 2021-05-01 | $385,000 (60.4%) | $468,458 (81.8%) | 0.00 | 22 |
| 2021-06-01 | $332,125 (31.3%) | $417,841 (28.8%) | 0.00 | 32 |
| 2021-07-01 | $350,000 (24.9%) | $415,479 (31.5%) | 0.00 | 26 |
| 2021-08-01 | $349,500 (37.1%) | $395,544 (20.7%) | 0.00 | 24 |
| 2021-09-01 | $271,375 (15.7%) | $324,540 (5.0%) | 0.00 | 38 |
| 2021-10-01 | $285,000 (8.6%) | $326,684 (-10.4%) | 0.00 | 37 |
| 2021-11-01 | $290,000 (18.2%) | $354,038 (2.6%) | 0.00 | 24 |
| 2021-12-01 | $277,750 (20.1%) | $330,011 (3.9%) | 0.00 | 23 |
| 2022-01-01 | $263,450 (0.7%) | $314,548 (-5.9%) | 0.00 | 20 |
| 2022-02-01 | $303,825 (6.1%) | $338,808 (-5.1%) | 0.00 | 17 |
| 2022-03-01 | $282,225 (-2.6%) | $338,245 (-9.4%) | 0.00 | 16 |
| 2022-04-01 | $315,000 (17.1%) | $372,005 (-13.3%) | 0.00 | 22 |
| 2022-05-01 | $375,625 (-2.4%) | $447,453 (-4.5%) | 0.00 | 33 |
| 2022-06-01 | $330,950 (-0.4%) | $634,533 (51.9%) | 0.00 | 50 |
| 2022-07-01 | $329,900 (-5.7%) | $618,278 (48.8%) | 0.00 | 51 |
| 2022-08-01 | $319,000 (-8.7%) | $646,417 (63.4%) | 0.00 | 45 |
| 2022-09-01 | $327,500 (20.7%) | $653,027 (101.2%) | 0.00 | 52 |
| 2022-10-01 | $380,000 (33.3%) | $722,243 (121.1%) | 0.00 | 51 |
| 2022-11-01 | $377,225 (30.1%) | $737,357 (108.3%) | 0.00 | 50 |
| 2022-12-01 | $344,500 (24.0%) | $538,265 (63.1%) | 0.00 | 41 |
| 2023-01-01 | $343,200 (30.3%) | $520,279 (65.4%) | 0.00 | 40 |
| 2023-02-01 | $371,000 (22.1%) | $553,850 (63.5%) | 0.00 | 39 |
| 2023-03-01 | $410,250 (45.4%) | $601,412 (77.8%) | 0.00 | 37 |
| 2023-04-01 | $375,000 (19.1%) | $593,441 (59.5%) | 0.00 | 40 |
| 2023-05-01 | $361,625 (-3.7%) | $572,484 (27.9%) | 0.00 | 32 |
| 2023-06-01 | $377,500 (14.1%) | $818,312 (29.0%) | 0.00 | 38 |
| 2023-07-01 | $375,000 (13.7%) | $781,240 (26.4%) | 0.00 | 45 |
| 2023-08-01 | $429,750 (34.7%) | $753,596 (16.6%) | 0.00 | 50 |
| 2023-09-01 | $370,000 (13.0%) | $688,008 (5.4%) | 0.00 | 61 |
| 2023-10-01 | $351,750 (-7.4%) | $680,977 (-5.7%) | 0.00 | 57 |
| 2023-11-01 | $323,875 (-14.1%) | $658,579 (-10.7%) | 0.00 | 55 |
| 2023-12-01 | $298,950 (-13.2%) | $630,387 (17.1%) | 0.00 | 47 |
| 2024-01-01 | $326,000 (-5.0%) | $702,009 (34.9%) | 0.00 | 40 |
| 2024-02-01 | $359,625 (-3.1%) | $739,046 (33.4%) | 0.00 | 40 |
| 2024-03-01 | $395,750 (-3.5%) | $716,865 (19.2%) | 0.00 | 46 |
La Grande's median listing price comes in at 0% of the national average.
La Grande's average listing price for 2024-03-01 was $716,865, a difference of $115,453 (19.2%) versus the prior year and $-22,181 versus the prior month.
For the 2024-03-01 period, La Grande had 46 MLS listings, a difference of 6 listings (15%) versus the prior month and 9 listings (24%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - La Grande (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,067 sqft |
| 2018-02-01 | 0 days | 2,129 sqft |
| 2018-03-01 | 0 days | 2,003 sqft |
| 2018-04-01 | 0 days | 2,252 sqft |
| 2018-05-01 | 0 days | 2,273 sqft |
| 2018-06-01 | 0 days | 2,214 sqft |
| 2018-07-01 | 0 days | 2,116 sqft |
| 2018-08-01 | 0 days | 2,017 sqft |
| 2018-09-01 | 0 days | 1,997 sqft |
| 2018-10-01 | 0 days | 1,998 sqft |
| 2018-11-01 | 0 days | 2,019 sqft |
| 2018-12-01 | 0 days | 2,046 sqft |
| 2019-01-01 | 0 days | 2,074 sqft |
| 2019-02-01 | 0 days | 2,053 sqft |
| 2019-03-01 | 0 days | 2,004 sqft |
| 2019-04-01 | 0 days | 2,014 sqft |
| 2019-05-01 | 0 days | 1,933 sqft |
| 2019-06-01 | 0 days | 1,906 sqft |
| 2019-07-01 | 0 days | 1,977 sqft |
| 2019-08-01 | 0 days | 1,993 sqft |
| 2019-09-01 | 0 days | 1,946 sqft |
| 2019-10-01 | 0 days | 1,947 sqft |
| 2019-11-01 | 0 days | 2,015 sqft |
| 2019-12-01 | 0 days | 1,973 sqft |
| 2020-01-01 | 0 days | 1,969 sqft |
| 2020-02-01 | 0 days | 1,973 sqft |
| 2020-03-01 | 0 days | 1,873 sqft |
| 2020-04-01 | 0 days | 1,925 sqft |
| 2020-05-01 | 0 days | 1,974 sqft |
| 2020-06-01 | 0 days | 1,967 sqft |
| 2020-07-01 | 0 days | 2,019 sqft |
| 2020-08-01 | 0 days | 2,153 sqft |
| 2020-09-01 | 0 days | 1,991 sqft |
| 2020-10-01 | 0 days | 1,939 sqft |
| 2020-11-01 | 0 days | 1,815 sqft |
| 2020-12-01 | 0 days | 1,675 sqft |
| 2021-01-01 | 0 days | 1,765 sqft |
| 2021-02-01 | 0 days | 1,749 sqft |
| 2021-03-01 | 0 days | 1,859 sqft |
| 2021-04-01 | 0 days | 1,946 sqft |
| 2021-05-01 | 0 days | 1,954 sqft |
| 2021-06-01 | 0 days | 1,709 sqft |
| 2021-07-01 | 0 days | 2,112 sqft |
| 2021-08-01 | 0 days | 2,038 sqft |
| 2021-09-01 | 0 days | 2,004 sqft |
| 2021-10-01 | 0 days | 2,016 sqft |
| 2021-11-01 | 0 days | 2,054 sqft |
| 2021-12-01 | 0 days | 2,090 sqft |
| 2022-01-01 | 0 days | 1,889 sqft |
| 2022-02-01 | 0 days | 1,499 sqft |
| 2022-03-01 | 0 days | 1,736 sqft |
| 2022-04-01 | 0 days | 1,706 sqft |
| 2022-05-01 | 0 days | 2,016 sqft |
| 2022-06-01 | 0 days | 1,783 sqft |
| 2022-07-01 | 0 days | 1,786 sqft |
| 2022-08-01 | 0 days | 1,772 sqft |
| 2022-09-01 | 0 days | 1,804 sqft |
| 2022-10-01 | 0 days | 1,950 sqft |
| 2022-11-01 | 0 days | 2,017 sqft |
| 2022-12-01 | 0 days | 1,975 sqft |
| 2023-01-01 | 0 days | 1,838 sqft |
| 2023-02-01 | 0 days | 1,912 sqft |
| 2023-03-01 | 0 days | 2,164 sqft |
| 2023-04-01 | 0 days | 2,393 sqft |
| 2023-05-01 | 0 days | 2,036 sqft |
| 2023-06-01 | 0 days | 2,010 sqft |
| 2023-07-01 | 0 days | 1,864 sqft |
| 2023-08-01 | 0 days | 2,185 sqft |
| 2023-09-01 | 0 days | 1,969 sqft |
| 2023-10-01 | 0 days | 1,919 sqft |
| 2023-11-01 | 0 days | 1,954 sqft |
| 2023-12-01 | 0 days | 1,854 sqft |
| 2024-01-01 | 0 days | 1,885 sqft |
| 2024-02-01 | 0 days | 1,931 sqft |
| 2024-03-01 | 0 days | 2,143 sqft |
La Grande's median square footage for active listings during the 2024-03-01 period was 2,143 sqft. One year prior, the average listing was 2,164 sqft.