Medford USDA Loan Rates, Closing Costs & Stats

MEDFORD, OR

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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.

    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 6.65% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Medford's average USDA mortgage closing costs are $10,335.

    The average rate for the prior week (2024-04-12) was 6.9% and one month ago for the week of 2024-03-15, the average rate was 6.69%.

    The average rate one year ago was 6.42%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.13%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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
    Medford's median listing price for 2024-03-01 was $529,500, a difference of $-12,425 (-2.3%) versus the prior year and $30,027 versus the prior month.

    Medford's median listing price comes in at 125% of the national average.

    Medford's average listing price for 2024-03-01 was $706,215, a difference of $-37,043 (-5.0%) versus the prior year and $21,786 versus the prior month.

    For the 2024-03-01 period, Medford had 597 MLS listings, a difference of 56 listings (10%) versus the prior month and 81 listings (16%) 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
    Medford's median listing age (time on market) for 2024-03-01 was 59 days. This is 0% longer than the same period one year ago.

    Medford's median square footage for active listings during the 2024-03-01 period was 1,836 sqft. One year prior, the average listing was 1,866 sqft.