Medford USDA Loan Rates, Closing Costs & Stats
MEDFORD, OR
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.
Medford's 7 lenders originated 10 USDA loans during 2023. The total origination value was $3,010,000, with an average USDA loan value of $301,000.
Medford USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Medford
averaged
6.39%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Medford's average USDA mortgage closing costs are $10,335.
The average rate for the prior week (2024-12-06) was
6.33% and
one month ago for the week of 2024-11-08, the
average rate was 6.64%.
The average rate one year ago was 6.81%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.57%.
Medford 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 Medford level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| GUILD MORTGAGE COMPANY | 3 | 5.71% | $12,009 |
| Paramount Residential Mortgage Group, Inc. | 2 | 6.88% | $7,497 |
| MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 6.75% | $8,661 |
| NEWREZ LLC | 1 | 5.13% | $11,648 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.63% | $18,965 |
| Nations Lending Corporation | 1 | 5.75% | $4,087 |
| LOANDEPOT.COM, LLC | 1 | 7.13% | $12,824 |
The top Medford USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
3 USDA loans originated. Their average total fees are
$12,009, which is $4,512
higher than the next largest lender,
Paramount Residential Mortgage Group, Inc..
The lowest fee Medford USDA lenders (with over 10 loans originated) are
.
The lowest rate Medford USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Medford (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 | $399,500 (3.3%) | $586,557 (2.4%) | 1.48 | 745 |
| 2018-02-01 | $412,100 (3.4%) | $594,461 (3.2%) | 1.50 | 758 |
| 2018-03-01 | $410,000 (3.8%) | $594,480 (5.2%) | 1.44 | 799 |
| 2018-04-01 | $400,000 (-0.6%) | $573,661 (-3.7%) | 1.36 | 877 |
| 2018-05-01 | $422,000 (4.0%) | $583,464 (-0.7%) | 1.41 | 958 |
| 2018-06-01 | $430,000 (7.5%) | $612,892 (5.4%) | 1.43 | 1,004 |
| 2018-07-01 | $428,125 (7.3%) | $586,293 (-0.5%) | 1.43 | 1,096 |
| 2018-08-01 | $409,475 (3.7%) | $567,569 (0.8%) | 1.37 | 1,106 |
| 2018-09-01 | $400,000 (1.3%) | $563,130 (-2.6%) | 1.34 | 1,140 |
| 2018-10-01 | $399,950 (1.9%) | $555,395 (-2.3%) | 1.35 | 1,205 |
| 2018-11-01 | $399,975 (0.1%) | $567,113 (1.2%) | 1.36 | 1,161 |
| 2018-12-01 | $399,900 (0.0%) | $561,137 (-3.9%) | 1.38 | 1,037 |
| 2019-01-01 | $399,900 (0.1%) | $553,816 (-5.6%) | 1.38 | 939 |
| 2019-02-01 | $399,900 (-3.0%) | $558,588 (-6.0%) | 1.35 | 952 |
| 2019-03-01 | $408,514 (-0.4%) | $566,999 (-4.6%) | 1.34 | 1,004 |
| 2019-04-01 | $424,500 (6.1%) | $573,978 (0.1%) | 1.35 | 1,076 |
| 2019-05-01 | $442,000 (4.7%) | $584,820 (0.2%) | 1.38 | 1,166 |
| 2019-06-01 | $439,000 (2.1%) | $582,119 (-5.0%) | 1.37 | 1,266 |
| 2019-07-01 | $424,500 (-0.9%) | $581,144 (-0.9%) | 1.33 | 1,246 |
| 2019-08-01 | $417,245 (1.9%) | $582,603 (2.7%) | 1.32 | 1,202 |
| 2019-09-01 | $413,114 (3.3%) | $585,737 (4.0%) | 1.32 | 1,141 |
| 2019-10-01 | $404,950 (1.3%) | $583,366 (5.0%) | 1.31 | 1,096 |
| 2019-11-01 | $407,000 (1.8%) | $586,971 (3.5%) | 1.33 | 956 |
| 2019-12-01 | $408,500 (2.2%) | $596,749 (6.4%) | 1.36 | 795 |
| 2020-01-01 | $399,950 (0.0%) | $604,484 (9.2%) | 1.34 | 703 |
| 2020-02-01 | $416,450 (4.1%) | $610,166 (9.2%) | 1.36 | 692 |
| 2020-03-01 | $437,000 (7.0%) | $639,712 (12.8%) | 1.37 | 699 |
| 2020-04-01 | $435,000 (2.5%) | $636,647 (10.9%) | 1.36 | 752 |
| 2020-05-01 | $449,450 (1.7%) | $646,115 (10.5%) | 1.37 | 701 |
| 2020-06-01 | $460,750 (5.0%) | $665,598 (14.3%) | 1.36 | 615 |
| 2020-07-01 | $460,950 (8.6%) | $668,741 (15.1%) | 1.34 | 562 |
| 2020-08-01 | $475,000 (13.8%) | $666,949 (14.5%) | 1.36 | 506 |
| 2020-09-01 | $484,000 (17.2%) | $681,578 (16.4%) | 1.39 | 402 |
| 2020-10-01 | $484,900 (19.7%) | $684,225 (17.3%) | 1.39 | 321 |
| 2020-11-01 | $486,500 (19.5%) | $692,166 (17.9%) | 1.42 | 311 |
| 2020-12-01 | $499,500 (22.3%) | $671,052 (12.5%) | 1.49 | 294 |
| 2021-01-01 | $500,000 (25.0%) | $688,603 (13.9%) | 1.49 | 246 |
| 2021-02-01 | $503,625 (20.9%) | $722,127 (18.4%) | 1.47 | 244 |
| 2021-03-01 | $499,000 (14.2%) | $680,957 (6.5%) | 1.42 | 278 |
| 2021-04-01 | $483,750 (11.2%) | $663,530 (4.2%) | 1.31 | 272 |
| 2021-05-01 | $518,000 (15.3%) | $686,912 (6.3%) | 1.38 | 316 |
| 2021-06-01 | $525,000 (13.9%) | $679,280 (2.1%) | 1.38 | 376 |
| 2021-07-01 | $512,000 (11.1%) | $679,957 (1.7%) | 1.35 | 417 |
| 2021-08-01 | $514,000 (8.2%) | $673,208 (0.9%) | 1.37 | 449 |
| 2021-09-01 | $499,500 (3.2%) | $658,231 (-3.4%) | 1.33 | 498 |
| 2021-10-01 | $510,000 (5.2%) | $666,876 (-2.5%) | 1.36 | 557 |
| 2021-11-01 | $523,500 (7.6%) | $694,541 (0.3%) | 1.40 | 499 |
| 2021-12-01 | $512,500 (2.6%) | $709,732 (5.8%) | 1.39 | 416 |
| 2022-01-01 | $549,250 (9.9%) | $743,280 (7.9%) | 1.48 | 341 |
| 2022-02-01 | $577,425 (14.7%) | $768,770 (6.5%) | 1.50 | 341 |
| 2022-03-01 | $550,000 (10.2%) | $748,428 (9.9%) | 1.38 | 376 |
| 2022-04-01 | $552,500 (14.2%) | $727,212 (9.6%) | 1.32 | 464 |
| 2022-05-01 | $556,250 (7.4%) | $717,151 (4.4%) | 1.27 | 605 |
| 2022-06-01 | $557,500 (6.2%) | $720,456 (6.1%) | 1.24 | 716 |
| 2022-07-01 | $535,000 (4.5%) | $699,466 (2.9%) | 1.21 | 839 |
| 2022-08-01 | $529,450 (3.0%) | $698,940 (3.8%) | 1.22 | 836 |
| 2022-09-01 | $528,750 (5.9%) | $695,272 (5.6%) | 1.24 | 766 |
| 2022-10-01 | $534,900 (4.9%) | $719,484 (7.9%) | 1.26 | 745 |
| 2022-11-01 | $524,975 (0.3%) | $706,794 (1.8%) | 1.26 | 706 |
| 2022-12-01 | $510,000 (-0.5%) | $715,888 (0.9%) | 1.26 | 626 |
| 2023-01-01 | $517,225 (-5.8%) | $723,692 (-2.6%) | 1.28 | 533 |
| 2023-02-01 | $548,000 (-5.1%) | $753,862 (-1.9%) | 1.32 | 501 |
| 2023-03-01 | $541,925 (-1.5%) | $743,258 (-0.7%) | 1.28 | 516 |
| 2023-04-01 | $544,950 (-1.4%) | $738,022 (1.5%) | 1.27 | 532 |
| 2023-05-01 | $549,000 (-1.3%) | $741,518 (3.4%) | 1.24 | 624 |
| 2023-06-01 | $552,500 (-0.9%) | $767,250 (6.5%) | 1.24 | 675 |
| 2023-07-01 | $549,900 (2.8%) | $753,810 (7.8%) | 1.25 | 706 |
| 2023-08-01 | $550,000 (3.9%) | $741,088 (6.0%) | 1.26 | 679 |
| 2023-09-01 | $535,000 (1.2%) | $710,473 (2.2%) | 1.25 | 696 |
| 2023-10-01 | $505,000 (-5.6%) | $685,860 (-4.7%) | 1.19 | 725 |
| 2023-11-01 | $525,000 (0.0%) | $718,529 (1.7%) | 1.25 | 673 |
| 2023-12-01 | $514,500 (0.9%) | $700,194 (-2.2%) | 1.25 | 628 |
| 2024-01-01 | $499,000 (-3.5%) | $687,083 (-5.1%) | 1.22 | 562 |
| 2024-02-01 | $499,473 (-8.9%) | $684,429 (-9.2%) | 1.20 | 541 |
| 2024-03-01 | $529,500 (-2.3%) | $706,215 (-5.0%) | 1.25 | 597 |
| 2024-04-01 | $526,750 (-3.3%) | $715,120 (-3.1%) | 1.23 | 672 |
| 2024-05-01 | $554,750 (1.1%) | $750,569 (1.2%) | 1.25 | 725 |
| 2024-06-01 | $550,000 (-0.5%) | $749,626 (-2.3%) | 1.24 | 751 |
| 2024-07-01 | $552,863 (0.5%) | $754,045 (0.0%) | 1.26 | 806 |
| 2024-08-01 | $540,000 (-1.8%) | $733,501 (-1.0%) | 1.26 | 863 |
| 2024-09-01 | $531,970 (-0.6%) | $719,462 (1.3%) | 1.25 | 917 |
| 2024-10-01 | $534,750 (5.9%) | $710,617 (3.6%) | 1.26 | 963 |
| 2024-11-01 | $525,000 (0.0%) | $700,593 (-2.5%) | 1.26 | 972 |
Medford's median listing price comes in at 126% of the national average.
Medford's average listing price for 2024-11-01 was $700,593, a difference of $-17,936 (-2.5%) versus the prior year and $-10,024 versus the prior month.
For the 2024-11-01 period, Medford had 972 MLS listings, a difference of 9 listings (1%) versus the prior month and 299 listings (44%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Medford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 80 days | 1,900 sqft |
| 2018-02-01 | 74 days | 1,911 sqft |
| 2018-03-01 | 61 days | 1,931 sqft |
| 2018-04-01 | 50 days | 1,936 sqft |
| 2018-05-01 | 50 days | 1,987 sqft |
| 2018-06-01 | 51 days | 2,026 sqft |
| 2018-07-01 | 53 days | 2,016 sqft |
| 2018-08-01 | 59 days | 1,982 sqft |
| 2018-09-01 | 71 days | 1,962 sqft |
| 2018-10-01 | 71 days | 1,937 sqft |
| 2018-11-01 | 67 days | 1,946 sqft |
| 2018-12-01 | 78 days | 1,918 sqft |
| 2019-01-01 | 87 days | 1,881 sqft |
| 2019-02-01 | 83 days | 1,889 sqft |
| 2019-03-01 | 69 days | 1,903 sqft |
| 2019-04-01 | 52 days | 1,930 sqft |
| 2019-05-01 | 45 days | 1,999 sqft |
| 2019-06-01 | 50 days | 1,981 sqft |
| 2019-07-01 | 59 days | 1,938 sqft |
| 2019-08-01 | 65 days | 1,933 sqft |
| 2019-09-01 | 70 days | 1,943 sqft |
| 2019-10-01 | 73 days | 1,937 sqft |
| 2019-11-01 | 75 days | 1,938 sqft |
| 2019-12-01 | 78 days | 1,874 sqft |
| 2020-01-01 | 80 days | 1,860 sqft |
| 2020-02-01 | 72 days | 1,858 sqft |
| 2020-03-01 | 45 days | 1,909 sqft |
| 2020-04-01 | 49 days | 1,907 sqft |
| 2020-05-01 | 60 days | 2,026 sqft |
| 2020-06-01 | 69 days | 2,056 sqft |
| 2020-07-01 | 69 days | 2,086 sqft |
| 2020-08-01 | 61 days | 2,071 sqft |
| 2020-09-01 | 68 days | 2,113 sqft |
| 2020-10-01 | 78 days | 2,042 sqft |
| 2020-11-01 | 59 days | 1,984 sqft |
| 2020-12-01 | 57 days | 1,914 sqft |
| 2021-01-01 | 66 days | 1,893 sqft |
| 2021-02-01 | 44 days | 1,872 sqft |
| 2021-03-01 | 39 days | 1,906 sqft |
| 2021-04-01 | 43 days | 1,846 sqft |
| 2021-05-01 | 33 days | 1,882 sqft |
| 2021-06-01 | 38 days | 1,882 sqft |
| 2021-07-01 | 39 days | 1,879 sqft |
| 2021-08-01 | 43 days | 1,868 sqft |
| 2021-09-01 | 43 days | 1,848 sqft |
| 2021-10-01 | 44 days | 1,838 sqft |
| 2021-11-01 | 54 days | 1,869 sqft |
| 2021-12-01 | 67 days | 1,835 sqft |
| 2022-01-01 | 75 days | 1,865 sqft |
| 2022-02-01 | 54 days | 1,927 sqft |
| 2022-03-01 | 40 days | 1,841 sqft |
| 2022-04-01 | 38 days | 1,860 sqft |
| 2022-05-01 | 36 days | 1,851 sqft |
| 2022-06-01 | 40 days | 1,882 sqft |
| 2022-07-01 | 46 days | 1,825 sqft |
| 2022-08-01 | 56 days | 1,825 sqft |
| 2022-09-01 | 65 days | 1,811 sqft |
| 2022-10-01 | 73 days | 1,829 sqft |
| 2022-11-01 | 80 days | 1,836 sqft |
| 2022-12-01 | 86 days | 1,796 sqft |
| 2023-01-01 | 94 days | 1,822 sqft |
| 2023-02-01 | 92 days | 1,858 sqft |
| 2023-03-01 | 59 days | 1,866 sqft |
| 2023-04-01 | 53 days | 1,840 sqft |
| 2023-05-01 | 49 days | 1,858 sqft |
| 2023-06-01 | 49 days | 1,891 sqft |
| 2023-07-01 | 56 days | 1,894 sqft |
| 2023-08-01 | 62 days | 1,890 sqft |
| 2023-09-01 | 64 days | 1,886 sqft |
| 2023-10-01 | 65 days | 1,828 sqft |
| 2023-11-01 | 72 days | 1,828 sqft |
| 2023-12-01 | 78 days | 1,798 sqft |
| 2024-01-01 | 84 days | 1,785 sqft |
| 2024-02-01 | 82 days | 1,777 sqft |
| 2024-03-01 | 59 days | 1,836 sqft |
| 2024-04-01 | 49 days | 1,852 sqft |
| 2024-05-01 | 51 days | 1,881 sqft |
| 2024-06-01 | 54 days | 1,900 sqft |
| 2024-07-01 | 61 days | 1,925 sqft |
| 2024-08-01 | 63 days | 1,920 sqft |
| 2024-09-01 | 73 days | 1,884 sqft |
| 2024-10-01 | 80 days | 1,878 sqft |
| 2024-11-01 | 94 days | 1,890 sqft |
Medford's median square footage for active listings during the 2024-11-01 period was 1,890 sqft. One year prior, the average listing was 1,828 sqft.