Lewiston USDA Loans
LEWISTON, ID-WA
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 16 lenders originated 59 USDA loans during 2021. The total origination value was $13,815,000, with an average USDA loan value of $234,153.
Lewiston USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Lewiston
averaged
5.22%
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
5.15% and
one month ago for the week of 2022-04-08, the
average rate was 4.91%.
The average rate one year ago was 2.93%.
For refis of the same type during the week of 2022-05-13, the average rate
was 4.9%.
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 |
---|---|---|---|
HOMEBRIDGE FINANCIAL SERVICES, INC. | 11 | 3.11% | $6,052 |
BAY EQUITY LLC | 10 | 2.94% | $7,461 |
MANN FINANCIAL INC. | 9 | 3.25% | $8,799 |
SUMMIT FUNDING, INC. | 6 | 3.04% | $8,461 |
AMERICAN PACIFIC MORTGAGE CORPORATION | 6 | 2.96% | $5,960 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 2.79% | $8,816 |
ON Q FINANCIAL, INC. | 2 | 3.13% | $7,742 |
First Home Bank | 2 | 3.00% | $6,942 |
CALIBER HOME LOANS, INC. | 2 | 2.25% | $7,051 |
Willamette Valley Bank | 1 | 2.75% | $6,245 |
Banner Bank | 1 | 2.25% | $6,148 |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | 1 | 2.25% | $4,827 |
GUILD MORTGAGE COMPANY | 1 | 2.38% | $6,764 |
Wallick & Volk, Inc. | 1 | 2.50% | $8,141 |
Wells Fargo Bank | 1 | 3.25% | $3,012 |
AMERICAN FINANCIAL NETWORK, INC. | 1 | 2.75% | $5,880 |
The top Lewiston USDA lender as defined by loan originations is HOMEBRIDGE FINANCIAL SERVICES, INC., with
11 USDA loans originated. Their average total fees are
$6,052, which is $1,408
lower than the next largest lender,
BAY EQUITY LLC.
The lowest fee Lewiston USDA lenders (with over 10 loans originated) are
HOMEBRIDGE FINANCIAL SERVICES, INC. ($6,052), BAY EQUITY LLC ($7,461), .
The lowest rate Lewiston USDA lenders (with over 10 loans originated) are
BAY EQUITY LLC (2.94%), HOMEBRIDGE FINANCIAL SERVICES, INC. (3.11%), .
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 | $229,500 (5.8%) | $289,668 (-3.5%) | 0.00 | 223 |
2018-02-01 | $237,900 (10.7%) | $288,260 (-4.1%) | 0.00 | 208 |
2018-03-01 | $240,000 (4.4%) | $288,335 (8.9%) | 0.00 | 244 |
2018-04-01 | $249,900 (4.6%) | $294,245 (8.7%) | 0.00 | 270 |
2018-05-01 | $249,950 (4.2%) | $304,655 (13.0%) | 0.00 | 298 |
2018-06-01 | $249,900 (4.2%) | $301,453 (14.6%) | 0.00 | 295 |
2018-07-01 | $253,500 (6.1%) | $318,246 (22.2%) | 0.00 | 299 |
2018-08-01 | $252,500 (5.7%) | $320,118 (20.4%) | 0.00 | 295 |
2018-09-01 | $254,000 (6.3%) | $334,303 (24.1%) | 0.00 | 278 |
2018-10-01 | $247,250 (6.8%) | $327,402 (22.1%) | 0.00 | 265 |
2018-11-01 | $239,900 (0.4%) | $324,271 (15.2%) | 0.00 | 254 |
2018-12-01 | $240,000 (3.1%) | $343,458 (20.7%) | 0.00 | 195 |
2019-01-01 | $244,750 (6.6%) | $345,728 (19.4%) | 0.00 | 179 |
2019-02-01 | $249,450 (4.9%) | $340,556 (18.1%) | 0.00 | 185 |
2019-03-01 | $249,386 (3.9%) | $335,174 (16.2%) | 0.00 | 248 |
2019-04-01 | $249,950 (0.0%) | $332,065 (12.9%) | 0.00 | 326 |
2019-05-01 | $292,375 (17.0%) | $368,774 (21.1%) | 0.00 | 144 |
2019-06-01 | $287,500 (15.1%) | $391,008 (29.7%) | 0.00 | 144 |
2019-07-01 | $288,500 (13.8%) | $382,544 (20.2%) | 0.00 | 146 |
2019-08-01 | $283,286 (12.2%) | $376,343 (17.6%) | 0.00 | 146 |
2019-09-01 | $278,036 (9.5%) | $362,175 (8.3%) | 0.00 | 163 |
2019-10-01 | $272,000 (10.0%) | $350,500 (7.1%) | 0.00 | 160 |
2019-11-01 | $259,900 (8.3%) | $335,274 (3.4%) | 0.00 | 157 |
2019-12-01 | $263,700 (9.9%) | $350,689 (2.1%) | 0.00 | 130 |
2020-01-01 | $268,700 (9.8%) | $331,676 (-4.1%) | 0.00 | 105 |
2020-02-01 | $275,000 (10.2%) | $333,516 (-2.1%) | 0.00 | 100 |
2020-03-01 | $272,400 (9.2%) | $331,996 (-1.0%) | 0.00 | 100 |
2020-04-01 | $274,250 (9.7%) | $343,869 (3.6%) | 0.00 | 109 |
2020-05-01 | $325,000 (11.2%) | $416,257 (12.9%) | 0.00 | 100 |
2020-06-01 | $298,450 (3.8%) | $420,210 (7.5%) | 0.00 | 82 |
2020-07-01 | $322,500 (11.8%) | $436,845 (14.2%) | 0.00 | 73 |
2020-08-01 | $297,000 (4.8%) | $423,919 (12.6%) | 0.00 | 82 |
2020-09-01 | $322,450 (16.0%) | $420,533 (16.1%) | 0.00 | 81 |
2020-10-01 | $308,900 (13.6%) | $448,801 (28.1%) | 0.00 | 77 |
2020-11-01 | $317,450 (22.1%) | $468,327 (39.7%) | 0.00 | 68 |
2020-12-01 | $299,950 (13.8%) | $468,807 (33.7%) | 0.00 | 48 |
2021-01-01 | $299,900 (11.6%) | $473,361 (42.7%) | 0.00 | 40 |
2021-02-01 | $352,250 (28.1%) | $550,318 (65.0%) | 0.00 | 30 |
2021-03-01 | $366,950 (34.7%) | $551,788 (66.2%) | 0.00 | 35 |
2021-04-01 | $363,500 (32.5%) | $589,285 (71.4%) | 0.00 | 35 |
2021-05-01 | $369,000 (13.5%) | $553,258 (32.9%) | 0.00 | 46 |
2021-06-01 | $354,450 (18.8%) | $553,265 (31.7%) | 0.00 | 52 |
2021-07-01 | $331,000 (2.6%) | $508,387 (16.4%) | 0.00 | 62 |
2021-08-01 | $359,400 (21.0%) | $554,148 (30.7%) | 0.00 | 93 |
2021-09-01 | $354,500 (9.9%) | $575,575 (36.9%) | 0.00 | 95 |
2021-10-01 | $374,900 (21.4%) | $572,496 (27.6%) | 0.00 | 98 |
2021-11-01 | $390,000 (22.9%) | $590,751 (26.1%) | 0.00 | 89 |
2021-12-01 | $384,500 (28.2%) | $607,516 (29.6%) | 0.00 | 71 |
2022-01-01 | $418,000 (39.4%) | $640,192 (35.2%) | 0.00 | 57 |
2022-02-01 | $431,250 (22.4%) | $714,083 (29.8%) | 0.00 | 45 |
2022-03-01 | $415,000 (13.1%) | $667,034 (20.9%) | 0.00 | 44 |
2022-04-01 | $435,000 (19.7%) | $622,802 (5.7%) | 0.00 | 62 |
Lewiston's median listing price comes in at 0% of the national average.
Lewiston's average listing price for 2022-04-01 was $622,802, a difference of $33,517 (5.7%) versus the prior year and $-44,232 versus the prior month.
For the 2022-04-01 period, Lewiston had 62 MLS listings, a difference of 18 listings (41%) versus the prior month and 27 listings (77%) 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 | 2,119 sqft |
2018-02-01 | 0 days | 2,153 sqft |
2018-03-01 | 0 days | 2,175 sqft |
2018-04-01 | 0 days | 2,216 sqft |
2018-05-01 | 0 days | 2,216 sqft |
2018-06-01 | 0 days | 2,240 sqft |
2018-07-01 | 0 days | 2,256 sqft |
2018-08-01 | 0 days | 2,262 sqft |
2018-09-01 | 0 days | 2,260 sqft |
2018-10-01 | 0 days | 2,198 sqft |
2018-11-01 | 0 days | 2,114 sqft |
2018-12-01 | 0 days | 2,166 sqft |
2019-01-01 | 0 days | 2,149 sqft |
2019-02-01 | 0 days | 2,109 sqft |
2019-03-01 | 0 days | 2,134 sqft |
2019-04-01 | 0 days | 2,128 sqft |
2019-05-01 | 0 days | 2,203 sqft |
2019-06-01 | 0 days | 2,184 sqft |
2019-07-01 | 0 days | 2,237 sqft |
2019-08-01 | 0 days | 2,335 sqft |
2019-09-01 | 0 days | 2,368 sqft |
2019-10-01 | 0 days | 2,348 sqft |
2019-11-01 | 0 days | 2,264 sqft |
2019-12-01 | 0 days | 2,301 sqft |
2020-01-01 | 0 days | 2,342 sqft |
2020-02-01 | 0 days | 2,288 sqft |
2020-03-01 | 0 days | 2,110 sqft |
2020-04-01 | 0 days | 2,058 sqft |
2020-05-01 | 0 days | 2,339 sqft |
2020-06-01 | 0 days | 2,190 sqft |
2020-07-01 | 0 days | 2,204 sqft |
2020-08-01 | 0 days | 2,413 sqft |
2020-09-01 | 0 days | 2,298 sqft |
2020-10-01 | 0 days | 2,200 sqft |
2020-11-01 | 0 days | 2,204 sqft |
2020-12-01 | 0 days | 2,150 sqft |
2021-01-01 | 0 days | 2,024 sqft |
2021-02-01 | 0 days | 2,074 sqft |
2021-03-01 | 0 days | 2,166 sqft |
2021-04-01 | 0 days | 2,005 sqft |
2021-05-01 | 0 days | 2,178 sqft |
2021-06-01 | 0 days | 2,184 sqft |
2021-07-01 | 0 days | 2,089 sqft |
2021-08-01 | 0 days | 2,110 sqft |
2021-09-01 | 0 days | 1,960 sqft |
2021-10-01 | 0 days | 2,056 sqft |
2021-11-01 | 0 days | 2,224 sqft |
2021-12-01 | 0 days | 2,040 sqft |
2022-01-01 | 0 days | 2,036 sqft |
2022-02-01 | 0 days | 2,036 sqft |
2022-03-01 | 0 days | 2,071 sqft |
2022-04-01 | 0 days | 2,036 sqft |
Lewiston's median square footage for active listings during the 2022-04-01 period was 2,036 sqft. One year prior, the average listing was 2,005 sqft.