Lewiston USDA Loan Rates, Closing Costs & Stats

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 6 lenders originated 16 USDA loans during 2023. The total origination value was $3,550,000, with an average USDA loan value of $221,875.

    Lewiston USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lewiston 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.

    Lewiston's average USDA mortgage closing costs are $5,252.

    The average rate for the prior week (2024-04-12) was 6.83% and one month ago for the week of 2024-03-15, the average rate was 6.61%.

    The average rate one year ago was 6.15%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

    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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Lewiston level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 5 5.95% $6,432
    DAS Acquisition Company, LLC 2 5.50% $5,871
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.50% $6,346
    Bangor Savings Bank 1 5.50% $5,725
    Equity Prime Mortgage LLC 1 7.38% $10,862
    MEGASTAR FINANCIAL CORP. 1 5.95% $9,097

    The top Lewiston USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 5 USDA loans originated. Their average total fees are $6,432, which is $562 higher than the next largest lender, DAS Acquisition Company, LLC.

    The lowest fee Lewiston USDA lenders (with over 10 loans originated) are .

    The lowest rate Lewiston USDA lenders (with over 10 loans originated) are .

    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 $189,900 (10.3%) $204,124 (6.2%) 0.00 293
    2018-02-01 $189,700 (8.5%) $207,312 (5.4%) 0.00 263
    2018-03-01 $190,000 (8.6%) $209,444 (6.2%) 0.00 260
    2018-04-01 $199,350 (10.0%) $212,980 (4.6%) 0.00 248
    2018-05-01 $198,000 (12.5%) $216,047 (4.0%) 0.00 275
    2018-06-01 $195,950 (9.2%) $214,913 (2.8%) 0.00 276
    2018-07-01 $192,475 (7.0%) $214,443 (3.2%) 0.00 297
    2018-08-01 $189,950 (0.0%) $213,861 (2.8%) 0.00 340
    2018-09-01 $182,500 (-1.3%) $210,544 (1.4%) 0.00 376
    2018-10-01 $188,750 (0.7%) $218,570 (5.0%) 0.00 368
    2018-11-01 $192,425 (1.4%) $221,202 (6.3%) 0.00 332
    2018-12-01 $192,450 (-1.0%) $225,335 (8.1%) 0.00 292
    2019-01-01 $189,750 (-0.1%) $222,963 (9.2%) 0.00 268
    2019-02-01 $187,500 (-1.2%) $220,624 (6.4%) 0.00 261
    2019-03-01 $195,143 (2.7%) $225,003 (7.4%) 0.00 229
    2019-04-01 $201,143 (0.9%) $227,332 (6.7%) 0.00 205
    2019-05-01 $207,450 (4.8%) $229,666 (6.3%) 0.00 205
    2019-06-01 $215,000 (9.7%) $236,783 (10.2%) 0.00 255
    2019-07-01 $220,196 (14.4%) $239,524 (11.7%) 0.00 273
    2019-08-01 $210,609 (10.9%) $236,240 (10.5%) 0.00 277
    2019-09-01 $211,673 (16.0%) $237,244 (12.7%) 0.00 276
    2019-10-01 $213,946 (13.4%) $238,917 (9.3%) 0.00 270
    2019-11-01 $219,700 (14.2%) $241,089 (9.0%) 0.00 251
    2019-12-01 $222,250 (15.5%) $241,016 (7.0%) 0.00 224
    2020-01-01 $225,000 (18.6%) $243,486 (9.2%) 0.00 193
    2020-02-01 $240,000 (28.0%) $255,380 (15.8%) 0.00 174
    2020-03-01 $244,175 (25.1%) $260,000 (15.6%) 0.00 168
    2020-04-01 $242,159 (20.4%) $254,364 (11.9%) 0.00 168
    2020-05-01 $247,400 (19.3%) $252,034 (9.7%) 0.00 173
    2020-06-01 $246,200 (14.5%) $255,671 (8.0%) 0.00 156
    2020-07-01 $244,975 (11.3%) $265,323 (10.8%) 0.00 154
    2020-08-01 $235,000 (11.6%) $273,401 (15.7%) 0.00 155
    2020-09-01 $239,225 (13.0%) $271,808 (14.6%) 0.00 145
    2020-10-01 $237,950 (11.2%) $269,124 (12.6%) 0.00 143
    2020-11-01 $237,500 (8.1%) $281,029 (16.6%) 0.00 139
    2020-12-01 $239,975 (8.0%) $287,812 (19.4%) 0.00 124
    2021-01-01 $245,000 (8.9%) $300,428 (23.4%) 0.00 104
    2021-02-01 $281,900 (17.5%) $303,102 (18.7%) 0.00 84
    2021-03-01 $293,750 (20.3%) $314,117 (20.8%) 0.00 79
    2021-04-01 $281,125 (16.1%) $306,718 (20.6%) 0.00 88
    2021-05-01 $285,000 (15.2%) $320,849 (27.3%) 0.00 88
    2021-06-01 $262,250 (6.5%) $294,014 (15.0%) 0.00 105
    2021-07-01 $272,450 (11.2%) $310,404 (17.0%) 0.00 117
    2021-08-01 $265,000 (12.8%) $310,906 (13.7%) 0.00 129
    2021-09-01 $283,750 (18.6%) $329,407 (21.2%) 0.00 125
    2021-10-01 $262,500 (10.3%) $324,068 (20.4%) 0.00 120
    2021-11-01 $276,250 (16.3%) $328,134 (16.8%) 0.00 98
    2021-12-01 $268,950 (12.1%) $328,007 (14.0%) 0.00 88
    2022-01-01 $299,950 (22.4%) $351,101 (16.9%) 0.00 60
    2022-02-01 $292,175 (3.6%) $378,309 (24.8%) 0.00 50
    2022-03-01 $331,700 (12.9%) $396,297 (26.2%) 0.00 48
    2022-04-01 $298,500 (6.2%) $370,596 (20.8%) 0.00 63
    2022-05-01 $332,450 (16.7%) $388,576 (21.1%) 0.00 79
    2022-06-01 $307,000 (17.1%) $374,205 (27.3%) 0.00 101
    2022-07-01 $299,000 (9.7%) $355,408 (14.5%) 0.00 122
    2022-08-01 $289,875 (9.4%) $378,015 (21.6%) 0.00 128
    2022-09-01 $305,000 (7.5%) $376,431 (14.3%) 0.00 130
    2022-10-01 $319,000 (21.5%) $363,973 (12.3%) 0.00 128
    2022-11-01 $327,500 (18.6%) $379,309 (15.6%) 0.00 100
    2022-12-01 $305,000 (13.4%) $365,902 (11.6%) 0.00 89
    2023-01-01 $299,950 (0.0%) $361,274 (2.9%) 0.00 73
    2023-02-01 $313,725 (7.4%) $359,633 (-4.9%) 0.00 58
    2023-03-01 $311,038 (-6.2%) $350,527 (-11.6%) 0.00 50
    2023-04-01 $324,900 (8.8%) $375,470 (1.3%) 0.00 59
    2023-05-01 $369,350 (11.1%) $400,692 (3.1%) 0.00 62
    2023-06-01 $334,909 (9.1%) $387,571 (3.6%) 0.00 66
    2023-07-01 $375,000 (25.4%) $417,143 (17.4%) 0.00 78
    2023-08-01 $385,000 (32.8%) $422,664 (11.8%) 0.00 98
    2023-09-01 $380,000 (24.6%) $411,565 (9.3%) 0.00 116
    2023-10-01 $354,500 (11.1%) $393,926 (8.2%) 0.00 138
    2023-11-01 $349,950 (6.9%) $393,821 (3.8%) 0.00 143
    2023-12-01 $365,000 (19.7%) $406,875 (11.2%) 0.00 125
    2024-01-01 $388,500 (29.5%) $420,053 (16.3%) 0.00 99
    2024-02-01 $372,000 (18.6%) $401,102 (11.5%) 0.00 96
    2024-03-01 $380,000 (22.2%) $423,166 (20.7%) 0.00 75
    Lewiston's median listing price for 2024-03-01 was $380,000, a difference of $68,962 (22.2%) versus the prior year and $8,000 versus the prior month.

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

    Lewiston's average listing price for 2024-03-01 was $423,166, a difference of $72,639 (20.7%) versus the prior year and $22,064 versus the prior month.

    For the 2024-03-01 period, Lewiston had 75 MLS listings, a difference of -21 listings (-22%) versus the prior month and 25 listings (50%) 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 1,664 sqft
    2018-02-01 0 days 1,661 sqft
    2018-03-01 0 days 1,700 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 1,691 sqft
    2018-08-01 0 days 1,727 sqft
    2018-09-01 0 days 1,687 sqft
    2018-10-01 0 days 1,706 sqft
    2018-11-01 0 days 1,712 sqft
    2018-12-01 0 days 1,677 sqft
    2019-01-01 0 days 1,643 sqft
    2019-02-01 0 days 1,623 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 1,690 sqft
    2019-09-01 0 days 1,675 sqft
    2019-10-01 0 days 1,687 sqft
    2019-11-01 0 days 1,715 sqft
    2019-12-01 0 days 1,671 sqft
    2020-01-01 0 days 1,679 sqft
    2020-02-01 0 days 1,677 sqft
    2020-03-01 0 days 1,656 sqft
    2020-04-01 0 days 1,672 sqft
    2020-05-01 0 days 1,642 sqft
    2020-06-01 0 days 1,641 sqft
    2020-07-01 0 days 1,654 sqft
    2020-08-01 0 days 1,632 sqft
    2020-09-01 0 days 1,632 sqft
    2020-10-01 0 days 1,665 sqft
    2020-11-01 0 days 1,634 sqft
    2020-12-01 0 days 1,690 sqft
    2021-01-01 0 days 1,695 sqft
    2021-02-01 0 days 1,663 sqft
    2021-03-01 0 days 1,675 sqft
    2021-04-01 0 days 1,698 sqft
    2021-05-01 0 days 1,680 sqft
    2021-06-01 0 days 1,584 sqft
    2021-07-01 0 days 1,682 sqft
    2021-08-01 0 days 1,601 sqft
    2021-09-01 0 days 1,651 sqft
    2021-10-01 0 days 1,632 sqft
    2021-11-01 0 days 1,645 sqft
    2021-12-01 0 days 1,585 sqft
    2022-01-01 0 days 1,658 sqft
    2022-02-01 0 days 1,793 sqft
    2022-03-01 0 days 1,795 sqft
    2022-04-01 0 days 1,794 sqft
    2022-05-01 0 days 1,831 sqft
    2022-06-01 0 days 1,840 sqft
    2022-07-01 0 days 1,801 sqft
    2022-08-01 0 days 1,746 sqft
    2022-09-01 0 days 1,816 sqft
    2022-10-01 0 days 1,804 sqft
    2022-11-01 0 days 1,778 sqft
    2022-12-01 0 days 1,733 sqft
    2023-01-01 0 days 1,742 sqft
    2023-02-01 0 days 1,729 sqft
    2023-03-01 0 days 1,671 sqft
    2023-04-01 0 days 1,787 sqft
    2023-05-01 0 days 1,846 sqft
    2023-06-01 0 days 1,791 sqft
    2023-07-01 0 days 1,760 sqft
    2023-08-01 0 days 1,733 sqft
    2023-09-01 0 days 1,712 sqft
    2023-10-01 0 days 1,658 sqft
    2023-11-01 0 days 1,661 sqft
    2023-12-01 0 days 1,653 sqft
    2024-01-01 0 days 1,663 sqft
    2024-02-01 0 days 1,661 sqft
    2024-03-01 0 days 1,768 sqft
    Lewiston's median listing age (time on market) for 2024-03-01 was 0 days.

    Lewiston's median square footage for active listings during the 2024-03-01 period was 1,768 sqft. One year prior, the average listing was 1,671 sqft.