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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.