Lewiston USDA Loans

LEWISTON, ID-WA

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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 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%.

    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
    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. Louis
    Date 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 for 2022-04-01 was $435,000, a difference of $71,500 (19.7%) versus the prior year and $20,000 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 $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. Louis
    Date 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 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 2,036 sqft. One year prior, the average listing was 2,005 sqft.