Lewiston USDA Loans

LEWISTON-AUBURN, ME

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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.

    Lewiston's 23 lenders originated 67 USDA loans during 2021. The total origination value was $14,205,000, with an average USDA loan value of $212,015.

    Lewiston USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lewiston averaged 5.16% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-05-06) was 5.19% and one month ago for the week of 2022-04-08, the average rate was 4.86%.

    The average rate one year ago was 3.37%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.21%.

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

    Lewiston USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Lewiston level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    RESIDENTIAL MORTGAGE SERVICES, INC. 21 3.02% $5,468
    Bangor Savings Bank 6 2.94% $5,695
    DAS Acquisition Company, LLC 6 3.02% $5,967
    CMG MORTGAGE, INC. 4 3.03% $6,552
    NORWICH COMMERCIAL GROUP, INC. 3 2.92% $9,646
    GUILD MORTGAGE COMPANY 3 3.00% $5,247
    UNITED WHOLESALE MORTGAGE, LLC 2 2.81% $8,482
    LEADERONE FINANCIAL CORPORATION 1 2.63% $5,290
    LOANDEPOT.COM, LLC 1 2.88% $5,161
    Mortgage Network, Inc. 1 2.63% $5,258
    NEWREZ LLC 1 3.25% $6,232
    NORTHPOINT MORTGAGE, INC. 1 2.75% $5,306
    PENNYMAC LOAN SERVICES, LLC 1 2.88% $6,261
    The Camden National Bank 1 2.25% $5,389
    TOTAL MORTGAGE SERVICES, LLC 1 2.88% $5,498
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.13% $6,546
    Wells Fargo Bank 1 2.25% $2,454
    CALIBER HOME LOANS, INC. 1 2.99% $3,664
    Carrington Mortgage Services, LLC 1 2.75% $3,380
    CUSO MORTGAGE CORPORATION 1 2.63% $6,049
    EMBRACE HOME LOANS, INC. 1 2.50% $6,355
    HARBORONE MORTGAGE, LLC 1 3.00% $8,158
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.25% $8,844

    The top Lewiston USDA lender as defined by loan originations is RESIDENTIAL MORTGAGE SERVICES, INC., with 21 USDA loans originated. Their average total fees are $5,468, which is $227 lower than the next largest lender, Bangor Savings Bank.

    The lowest fee Lewiston USDA lenders (with over 10 loans originated) are RESIDENTIAL MORTGAGE SERVICES, INC. ($5,468), .

    The lowest rate Lewiston USDA lenders (with over 10 loans originated) are RESIDENTIAL MORTGAGE SERVICES, INC. (3.02%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lewiston (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 $189,950 (10.2%) $204,975 (6.8%) 0.00 292
    2018-02-01 $189,900 (8.6%) $208,004 (5.8%) 0.00 262
    2018-03-01 $195,000 (11.4%) $211,073 (6.6%) 0.00 260
    2018-04-01 $199,700 (10.9%) $213,525 (5.0%) 0.00 247
    2018-05-01 $198,000 (12.5%) $216,103 (3.9%) 0.00 274
    2018-06-01 $194,500 (8.7%) $215,517 (3.4%) 0.00 278
    2018-07-01 $192,400 (6.9%) $214,398 (3.2%) 0.00 301
    2018-08-01 $189,950 (0.0%) $214,993 (3.2%) 0.00 342
    2018-09-01 $185,000 (0.0%) $209,967 (0.9%) 0.00 379
    2018-10-01 $188,500 (-0.8%) $218,206 (4.8%) 0.00 373
    2018-11-01 $192,450 (1.3%) $220,254 (5.6%) 0.00 337
    2018-12-01 $194,900 (0.0%) $225,634 (8.0%) 0.00 296
    2019-01-01 $190,000 (0.0%) $223,830 (9.2%) 0.00 270
    2019-02-01 $187,500 (-1.3%) $220,860 (6.2%) 0.00 261
    2019-03-01 $199,286 (2.2%) $225,415 (6.8%) 0.00 230
    2019-04-01 $205,000 (2.7%) $226,965 (6.3%) 0.00 204
    2019-05-01 $215,000 (8.6%) $229,316 (6.1%) 0.00 203
    2019-06-01 $219,000 (12.6%) $236,696 (9.8%) 0.00 257
    2019-07-01 $222,500 (15.6%) $240,399 (12.1%) 0.00 272
    2019-08-01 $211,786 (11.5%) $234,632 (9.1%) 0.00 282
    2019-09-01 $208,036 (12.5%) $233,398 (11.2%) 0.00 281
    2019-10-01 $217,393 (15.3%) $239,389 (9.7%) 0.00 268
    2019-11-01 $219,500 (14.1%) $241,020 (9.4%) 0.00 247
    2019-12-01 $221,250 (13.5%) $240,998 (6.8%) 0.00 225
    2020-01-01 $225,000 (18.4%) $244,305 (9.2%) 0.00 194
    2020-02-01 $239,900 (28.0%) $255,463 (15.7%) 0.00 170
    2020-03-01 $249,950 (25.4%) $260,489 (15.6%) 0.00 167
    2020-04-01 $241,868 (18.0%) $254,402 (12.1%) 0.00 166
    2020-05-01 $244,900 (13.9%) $253,605 (10.6%) 0.00 168
    2020-06-01 $247,500 (13.0%) $257,264 (8.7%) 0.00 148
    2020-07-01 $245,000 (10.1%) $265,849 (10.6%) 0.00 153
    2020-08-01 $235,000 (11.0%) $273,172 (16.4%) 0.00 152
    2020-09-01 $238,500 (14.6%) $273,283 (17.1%) 0.00 144
    2020-10-01 $239,000 (9.9%) $269,393 (12.5%) 0.00 142
    2020-11-01 $238,000 (8.4%) $281,257 (16.7%) 0.00 136
    2020-12-01 $244,500 (10.5%) $287,587 (19.3%) 0.00 123
    2021-01-01 $245,000 (8.9%) $301,472 (23.4%) 0.00 102
    2021-02-01 $284,600 (18.6%) $302,669 (18.5%) 0.00 82
    2021-03-01 $295,000 (18.0%) $314,398 (20.7%) 0.00 79
    2021-04-01 $284,900 (17.8%) $307,625 (20.9%) 0.00 86
    2021-05-01 $289,000 (18.0%) $319,594 (26.0%) 0.00 86
    2021-06-01 $262,500 (6.1%) $294,351 (14.4%) 0.00 102
    2021-07-01 $274,950 (12.2%) $309,056 (16.3%) 0.00 111
    2021-08-01 $265,000 (12.8%) $312,436 (14.4%) 0.00 125
    2021-09-01 $285,000 (19.5%) $330,298 (20.9%) 0.00 124
    2021-10-01 $265,000 (10.9%) $323,910 (20.2%) 0.00 119
    2021-11-01 $282,500 (18.7%) $327,516 (16.5%) 0.00 96
    2021-12-01 $269,900 (10.4%) $328,664 (14.3%) 0.00 86
    2022-01-01 $299,900 (22.4%) $353,590 (17.3%) 0.00 59
    2022-02-01 $294,400 (3.4%) $378,412 (25.0%) 0.00 49
    2022-03-01 $337,450 (14.4%) $399,653 (27.1%) 0.00 48
    2022-04-01 $297,000 (4.3%) $366,781 (19.2%) 0.00 57
    Lewiston's median listing price for 2022-04-01 was $297,000, a difference of $12,100 (4.3%) versus the prior year and $-40,450 versus the prior month.

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

    Lewiston's average listing price for 2022-04-01 was $366,781, a difference of $59,156 (19.2%) versus the prior year and $-32,872 versus the prior month.

    For the 2022-04-01 period, Lewiston had 57 MLS listings, a difference of 9 listings (19%) versus the prior month and -29 listings (-34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lewiston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,671 sqft
    2018-02-01 0 days 1,664 sqft
    2018-03-01 0 days 1,702 sqft
    2018-04-01 0 days 1,680 sqft
    2018-05-01 0 days 1,677 sqft
    2018-06-01 0 days 1,678 sqft
    2018-07-01 0 days 1,681 sqft
    2018-08-01 0 days 1,729 sqft
    2018-09-01 0 days 1,689 sqft
    2018-10-01 0 days 1,707 sqft
    2018-11-01 0 days 1,714 sqft
    2018-12-01 0 days 1,689 sqft
    2019-01-01 0 days 1,644 sqft
    2019-02-01 0 days 1,618 sqft
    2019-03-01 0 days 1,666 sqft
    2019-04-01 0 days 1,686 sqft
    2019-05-01 0 days 1,705 sqft
    2019-06-01 0 days 1,720 sqft
    2019-07-01 0 days 1,713 sqft
    2019-08-01 0 days 1,704 sqft
    2019-09-01 0 days 1,701 sqft
    2019-10-01 0 days 1,679 sqft
    2019-11-01 0 days 1,712 sqft
    2019-12-01 0 days 1,671 sqft
    2020-01-01 0 days 1,680 sqft
    2020-02-01 0 days 1,677 sqft
    2020-03-01 0 days 1,660 sqft
    2020-04-01 0 days 1,673 sqft
    2020-05-01 0 days 1,643 sqft
    2020-06-01 0 days 1,642 sqft
    2020-07-01 0 days 1,655 sqft
    2020-08-01 0 days 1,643 sqft
    2020-09-01 0 days 1,635 sqft
    2020-10-01 0 days 1,665 sqft
    2020-11-01 0 days 1,635 sqft
    2020-12-01 0 days 1,687 sqft
    2021-01-01 0 days 1,700 sqft
    2021-02-01 0 days 1,659 sqft
    2021-03-01 0 days 1,671 sqft
    2021-04-01 0 days 1,668 sqft
    2021-05-01 0 days 1,666 sqft
    2021-06-01 0 days 1,586 sqft
    2021-07-01 0 days 1,682 sqft
    2021-08-01 0 days 1,602 sqft
    2021-09-01 0 days 1,638 sqft
    2021-10-01 0 days 1,638 sqft
    2021-11-01 0 days 1,638 sqft
    2021-12-01 0 days 1,588 sqft
    2022-01-01 0 days 1,658 sqft
    2022-02-01 0 days 1,778 sqft
    2022-03-01 0 days 1,794 sqft
    2022-04-01 0 days 1,788 sqft
    Lewiston's median listing age (time on market) for 2022-04-01 was 0 days.

    Lewiston's median square footage for active listings during the 2022-04-01 period was 1,788 sqft. One year prior, the average listing was 1,668 sqft.