Lewiston USDA Loan Rates, Closing Costs & Stats

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 5 lenders originated 9 USDA loans during 2023. The total origination value was $2,355,000, with an average USDA loan value of $261,667.

    Lewiston USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lewiston averaged 6.72% 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 $6,017.

    The average rate for the prior week (2024-04-12) was 6.88% and one month ago for the week of 2024-03-15, the average rate was 6.56%.

    The average rate one year ago was 6.2%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

    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
    BAY EQUITY LLC 4 6.53% $8,212
    NEWREZ LLC 2 5.56% $12,827
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 7.50% $8,310
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $8,677
    MANN FINANCIAL INC. 1 7.00% $9,160

    The top Lewiston USDA lender as defined by loan originations is BAY EQUITY LLC, with 4 USDA loans originated. Their average total fees are $8,212, which is $4,614 lower than the next largest lender, NEWREZ 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 $232,188 (7.5%) $295,830 (7.8%) 0.00 211
    2018-02-01 $239,000 (11.2%) $295,371 (7.4%) 0.00 206
    2018-03-01 $246,500 (7.7%) $295,442 (12.7%) 0.00 239
    2018-04-01 $252,750 (6.2%) $297,066 (11.0%) 0.00 261
    2018-05-01 $250,500 (4.2%) $304,760 (13.7%) 0.00 286
    2018-06-01 $249,900 (4.2%) $300,576 (13.9%) 0.00 281
    2018-07-01 $250,500 (4.8%) $306,691 (17.5%) 0.00 292
    2018-08-01 $252,325 (6.5%) $307,942 (17.6%) 0.00 291
    2018-09-01 $249,500 (4.4%) $314,107 (17.0%) 0.00 273
    2018-10-01 $245,450 (6.9%) $307,675 (15.9%) 0.00 262
    2018-11-01 $239,225 (1.8%) $303,161 (8.1%) 0.00 251
    2018-12-01 $239,500 (2.6%) $315,218 (9.2%) 0.00 192
    2019-01-01 $239,925 (3.3%) $312,282 (5.6%) 0.00 170
    2019-02-01 $239,975 (0.4%) $309,539 (4.8%) 0.00 171
    2019-03-01 $250,257 (1.5%) $316,103 (7.0%) 0.00 203
    2019-04-01 $265,875 (5.2%) $327,586 (10.3%) 0.00 244
    2019-05-01 $281,125 (12.2%) $337,016 (10.6%) 0.00 132
    2019-06-01 $278,450 (11.4%) $348,751 (16.0%) 0.00 140
    2019-07-01 $287,212 (14.7%) $363,791 (18.6%) 0.00 142
    2019-08-01 $282,805 (12.1%) $359,764 (16.8%) 0.00 139
    2019-09-01 $272,761 (9.3%) $343,663 (9.4%) 0.00 146
    2019-10-01 $264,975 (8.0%) $327,642 (6.5%) 0.00 150
    2019-11-01 $259,900 (8.6%) $318,110 (4.9%) 0.00 151
    2019-12-01 $262,200 (9.5%) $327,247 (3.8%) 0.00 123
    2020-01-01 $266,125 (10.9%) $321,722 (3.0%) 0.00 102
    2020-02-01 $270,300 (12.6%) $327,075 (5.7%) 0.00 97
    2020-03-01 $267,000 (6.7%) $329,790 (4.3%) 0.00 97
    2020-04-01 $267,225 (0.5%) $335,275 (2.4%) 0.00 106
    2020-05-01 $297,000 (5.7%) $371,939 (10.4%) 0.00 98
    2020-06-01 $276,150 (-0.8%) $369,800 (6.0%) 0.00 84
    2020-07-01 $291,200 (1.4%) $380,219 (4.5%) 0.00 74
    2020-08-01 $285,000 (0.8%) $377,917 (5.1%) 0.00 83
    2020-09-01 $288,450 (5.8%) $371,529 (8.1%) 0.00 78
    2020-10-01 $289,900 (9.4%) $398,558 (21.6%) 0.00 73
    2020-11-01 $281,400 (8.3%) $413,648 (30.0%) 0.00 63
    2020-12-01 $276,425 (5.4%) $411,398 (25.7%) 0.00 50
    2021-01-01 $277,900 (4.4%) $426,857 (32.7%) 0.00 40
    2021-02-01 $319,700 (18.3%) $531,551 (62.5%) 0.00 31
    2021-03-01 $361,750 (35.5%) $555,545 (68.5%) 0.00 35
    2021-04-01 $361,475 (35.3%) $560,728 (67.2%) 0.00 34
    2021-05-01 $369,000 (24.2%) $531,825 (43.0%) 0.00 46
    2021-06-01 $349,750 (26.7%) $533,043 (44.1%) 0.00 52
    2021-07-01 $312,500 (7.3%) $488,653 (28.5%) 0.00 66
    2021-08-01 $342,500 (20.2%) $547,764 (44.9%) 0.00 94
    2021-09-01 $344,700 (19.5%) $564,421 (51.9%) 0.00 94
    2021-10-01 $354,900 (22.4%) $562,640 (41.2%) 0.00 96
    2021-11-01 $388,225 (38.0%) $580,352 (40.3%) 0.00 81
    2021-12-01 $380,000 (37.5%) $613,532 (49.1%) 0.00 66
    2022-01-01 $394,250 (41.9%) $625,021 (46.4%) 0.00 52
    2022-02-01 $401,450 (25.6%) $684,868 (28.8%) 0.00 40
    2022-03-01 $423,225 (17.0%) $658,655 (18.6%) 0.00 46
    2022-04-01 $432,500 (19.7%) $595,591 (6.2%) 0.00 67
    2022-05-01 $432,475 (17.2%) $632,952 (19.0%) 0.00 77
    2022-06-01 $444,450 (27.1%) $605,865 (13.7%) 0.00 103
    2022-07-01 $419,900 (34.4%) $552,593 (13.1%) 0.00 137
    2022-08-01 $414,950 (21.2%) $536,675 (-2.0%) 0.00 154
    2022-09-01 $432,450 (25.5%) $539,189 (-4.5%) 0.00 148
    2022-10-01 $441,825 (24.5%) $538,265 (-4.3%) 0.00 151
    2022-11-01 $433,425 (11.6%) $506,412 (-12.7%) 0.00 151
    2022-12-01 $419,000 (10.3%) $488,449 (-20.4%) 0.00 136
    2023-01-01 $417,250 (5.8%) $479,987 (-23.2%) 0.00 134
    2023-02-01 $419,500 (4.5%) $473,268 (-30.9%) 0.00 131
    2023-03-01 $413,000 (-2.4%) $482,940 (-26.7%) 0.00 111
    2023-04-01 $415,000 (-4.1%) $483,863 (-18.8%) 0.00 118
    2023-05-01 $425,900 (-1.5%) $507,323 (-19.9%) 0.00 127
    2023-06-01 $440,250 (-0.9%) $531,127 (-12.3%) 0.00 139
    2023-07-01 $430,000 (2.4%) $544,129 (-1.5%) 0.00 169
    2023-08-01 $428,000 (3.1%) $547,564 (2.0%) 0.00 186
    2023-09-01 $425,000 (-1.7%) $545,712 (1.2%) 0.00 191
    2023-10-01 $423,500 (-4.2%) $552,591 (2.7%) 0.00 191
    2023-11-01 $425,000 (-1.9%) $560,405 (10.7%) 0.00 172
    2023-12-01 $417,250 (-0.4%) $553,741 (13.4%) 0.00 147
    2024-01-01 $422,500 (1.3%) $566,680 (18.1%) 0.00 137
    2024-02-01 $416,050 (-0.8%) $564,795 (19.3%) 0.00 135
    2024-03-01 $419,500 (1.6%) $559,282 (15.8%) 0.00 129
    Lewiston's median listing price for 2024-03-01 was $419,500, a difference of $6,500 (1.6%) versus the prior year and $3,450 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 $559,282, a difference of $76,342 (15.8%) versus the prior year and $-5,513 versus the prior month.

    For the 2024-03-01 period, Lewiston had 129 MLS listings, a difference of -6 listings (-4%) versus the prior month and 18 listings (16%) 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 2,128 sqft
    2018-02-01 0 days 2,183 sqft
    2018-03-01 0 days 2,176 sqft
    2018-04-01 0 days 2,218 sqft
    2018-05-01 0 days 2,220 sqft
    2018-06-01 0 days 2,240 sqft
    2018-07-01 0 days 2,247 sqft
    2018-08-01 0 days 2,251 sqft
    2018-09-01 0 days 2,238 sqft
    2018-10-01 0 days 2,162 sqft
    2018-11-01 0 days 2,099 sqft
    2018-12-01 0 days 2,138 sqft
    2019-01-01 0 days 2,154 sqft
    2019-02-01 0 days 2,156 sqft
    2019-03-01 0 days 2,194 sqft
    2019-04-01 0 days 2,216 sqft
    2019-05-01 0 days 2,209 sqft
    2019-06-01 0 days 2,184 sqft
    2019-07-01 0 days 2,246 sqft
    2019-08-01 0 days 2,352 sqft
    2019-09-01 0 days 2,359 sqft
    2019-10-01 0 days 2,353 sqft
    2019-11-01 0 days 2,296 sqft
    2019-12-01 0 days 2,340 sqft
    2020-01-01 0 days 2,371 sqft
    2020-02-01 0 days 2,288 sqft
    2020-03-01 0 days 2,162 sqft
    2020-04-01 0 days 2,111 sqft
    2020-05-01 0 days 2,288 sqft
    2020-06-01 0 days 2,155 sqft
    2020-07-01 0 days 2,194 sqft
    2020-08-01 0 days 2,243 sqft
    2020-09-01 0 days 2,231 sqft
    2020-10-01 0 days 2,190 sqft
    2020-11-01 0 days 2,189 sqft
    2020-12-01 0 days 2,046 sqft
    2021-01-01 0 days 1,949 sqft
    2021-02-01 0 days 2,164 sqft
    2021-03-01 0 days 2,169 sqft
    2021-04-01 0 days 1,977 sqft
    2021-05-01 0 days 2,172 sqft
    2021-06-01 0 days 2,186 sqft
    2021-07-01 0 days 2,018 sqft
    2021-08-01 0 days 2,118 sqft
    2021-09-01 0 days 1,979 sqft
    2021-10-01 0 days 2,056 sqft
    2021-11-01 0 days 2,170 sqft
    2021-12-01 0 days 2,039 sqft
    2022-01-01 0 days 2,024 sqft
    2022-02-01 0 days 2,042 sqft
    2022-03-01 0 days 2,111 sqft
    2022-04-01 0 days 2,176 sqft
    2022-05-01 0 days 2,229 sqft
    2022-06-01 0 days 2,148 sqft
    2022-07-01 0 days 2,090 sqft
    2022-08-01 0 days 2,170 sqft
    2022-09-01 0 days 2,241 sqft
    2022-10-01 0 days 2,244 sqft
    2022-11-01 0 days 2,141 sqft
    2022-12-01 0 days 2,089 sqft
    2023-01-01 0 days 2,106 sqft
    2023-02-01 0 days 2,123 sqft
    2023-03-01 0 days 2,153 sqft
    2023-04-01 0 days 2,174 sqft
    2023-05-01 0 days 2,177 sqft
    2023-06-01 0 days 2,288 sqft
    2023-07-01 0 days 2,212 sqft
    2023-08-01 0 days 2,254 sqft
    2023-09-01 0 days 2,271 sqft
    2023-10-01 0 days 2,195 sqft
    2023-11-01 0 days 2,181 sqft
    2023-12-01 0 days 2,177 sqft
    2024-01-01 0 days 2,138 sqft
    2024-02-01 0 days 2,076 sqft
    2024-03-01 0 days 2,025 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 2,025 sqft. One year prior, the average listing was 2,153 sqft.