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%.

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.