Lewiston USDA Loans

LEWISTON-AUBURN, ME

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.