Medford USDA Loans

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 19 lenders originated 56 USDA loans during 2021. The total origination value was $17,460,000, with an average USDA loan value of $311,786.

Medford USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Medford averaged 5.51% 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 5.45% and one month ago for the week of 2022-04-08, the average rate was 5.11%.

The average rate one year ago was 2.92%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.08%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Medford level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
GUILD MORTGAGE COMPANY 11 2.83% $8,410
CROSSCOUNTRY MORTGAGE, LLC 5 3.07% $9,719
Willamette Valley Bank 5 2.80% $6,403
Banner Bank 4 2.81% $6,638
CALIBER HOME LOANS, INC. 4 2.72% $9,185
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.40% $8,392
Umpqua Bank 4 2.59% $5,971
CMG MORTGAGE, INC. 3 2.75% $7,406
SUMMIT FUNDING, INC. 2 3.00% $11,058
LOANDEPOT.COM, LLC 2 3.25% $7,215
STEARNS LENDING, LLC 2 2.50% $8,082
PLAZA HOME MORTGAGE, INC. 1 2.88% $8,385
RANLIFE, INC. 1 3.63% $7,257
SUMMIT MORTGAGE CORPORATION 1 2.88% $7,513
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 3.50% $10,690
FINANCE OF AMERICA MORTGAGE LLC 1 2.50% $8,656
Loan Simple, Inc. 1 3.25% $7,970
MORIA DEVELOPMENT, INC. 1 3.13% $10,101
PENNYMAC LOAN SERVICES, LLC 1 2.63% $8,870

The top Medford USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 11 USDA loans originated. Their average total fees are $8,410, which is $1,309 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Medford USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($8,410), .

The lowest rate Medford USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (2.83%), .


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 $404,900 (4.1%) $600,421 (2.9%) 1.49 764
2018-02-01 $418,750 (5.0%) $612,160 (4.8%) 1.51 779
2018-03-01 $420,000 (5.3%) $605,372 (4.4%) 1.45 821
2018-04-01 $419,500 (2.6%) $585,530 (-1.9%) 1.41 901
2018-05-01 $427,000 (3.5%) $599,884 (1.3%) 1.42 988
2018-06-01 $440,000 (6.9%) $632,008 (7.7%) 1.47 1,048
2018-07-01 $437,450 (9.4%) $591,673 (-1.3%) 1.46 1,146
2018-08-01 $417,000 (4.5%) $577,562 (0.1%) 1.39 1,164
2018-09-01 $415,000 (4.0%) $580,637 (-1.1%) 1.39 1,197
2018-10-01 $404,500 (1.6%) $568,011 (-0.8%) 1.35 1,255
2018-11-01 $406,500 (1.6%) $592,002 (4.6%) 1.36 1,213
2018-12-01 $403,000 (-2.9%) $584,866 (-2.6%) 1.38 1,093
2019-01-01 $400,000 (-1.2%) $572,057 (-4.7%) 1.38 987
2019-02-01 $400,000 (-4.5%) $582,882 (-4.8%) 1.34 1,006
2019-03-01 $413,000 (-1.7%) $594,692 (-1.8%) 1.35 1,059
2019-04-01 $430,000 (2.5%) $601,337 (2.7%) 1.35 1,135
2019-05-01 $445,000 (4.2%) $615,773 (2.7%) 1.37 1,229
2019-06-01 $444,900 (1.1%) $609,790 (-3.5%) 1.37 1,341
2019-07-01 $427,500 (-2.3%) $608,512 (2.9%) 1.33 1,320
2019-08-01 $422,757 (1.4%) $609,682 (5.6%) 1.33 1,276
2019-09-01 $419,450 (1.1%) $609,543 (5.0%) 1.33 1,211
2019-10-01 $404,950 (0.1%) $603,277 (6.2%) 1.29 1,123
2019-11-01 $410,000 (0.9%) $613,346 (3.6%) 1.32 975
2019-12-01 $422,000 (4.7%) $621,302 (6.2%) 1.41 812
2020-01-01 $409,000 (2.3%) $631,258 (10.4%) 1.36 722
2020-02-01 $420,000 (5.0%) $630,202 (8.1%) 1.36 706
2020-03-01 $439,450 (6.4%) $661,104 (11.2%) 1.37 712
2020-04-01 $439,450 (2.2%) $659,406 (9.7%) 1.37 763
2020-05-01 $459,000 (3.2%) $686,313 (11.5%) 1.39 718
2020-06-01 $477,000 (7.2%) $732,613 (20.1%) 1.39 632
2020-07-01 $477,000 (11.6%) $741,067 (21.8%) 1.37 584
2020-08-01 $485,000 (14.7%) $749,542 (22.9%) 1.39 529
2020-09-01 $524,000 (24.9%) $776,106 (27.3%) 1.50 420
2020-10-01 $559,900 (38.3%) $808,742 (34.1%) 1.60 332
2020-11-01 $557,500 (36.0%) $818,819 (33.5%) 1.60 319
2020-12-01 $534,950 (26.8%) $744,511 (19.8%) 1.57 306
2021-01-01 $529,000 (29.3%) $757,870 (20.1%) 1.56 254
2021-02-01 $509,500 (21.3%) $785,503 (24.6%) 1.47 254
2021-03-01 $507,450 (15.5%) $738,577 (11.7%) 1.42 289
2021-04-01 $492,000 (12.0%) $707,489 (7.3%) 1.32 282
2021-05-01 $525,000 (14.4%) $719,245 (4.8%) 1.38 330
2021-06-01 $531,500 (11.4%) $708,081 (-3.4%) 1.38 389
2021-07-01 $525,000 (10.1%) $714,890 (-3.5%) 1.36 422
2021-08-01 $520,000 (7.2%) $703,582 (-6.1%) 1.37 459
2021-09-01 $504,500 (-3.7%) $688,171 (-11.3%) 1.33 508
2021-10-01 $500,000 (-10.7%) $688,911 (-14.8%) 1.32 569
2021-11-01 $522,000 (-6.4%) $705,683 (-13.8%) 1.38 511
2021-12-01 $510,000 (-4.7%) $714,196 (-4.1%) 1.36 425
2022-01-01 $549,900 (4.0%) $745,150 (-1.7%) 1.47 346
2022-02-01 $580,000 (13.8%) $775,328 (-1.3%) 1.48 347
2022-03-01 $552,500 (8.9%) $765,657 (3.7%) 1.36 388
2022-04-01 $565,000 (14.8%) $749,100 (5.9%) 1.33 469
Medford's median listing price for 2022-04-01 was $565,000, a difference of $73,000 (14.8%) versus the prior year and $12,500 versus the prior month.

Medford's median listing price comes in at 133% of the national average.

Medford's average listing price for 2022-04-01 was $749,100, a difference of $41,611 (5.9%) versus the prior year and $-16,557 versus the prior month.

For the 2022-04-01 period, Medford had 469 MLS listings, a difference of 81 listings (21%) versus the prior month and 187 listings (66%) 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 87 days 1,920 sqft
2018-02-01 83 days 1,924 sqft
2018-03-01 68 days 1,964 sqft
2018-04-01 58 days 1,966 sqft
2018-05-01 55 days 2,007 sqft
2018-06-01 54 days 2,052 sqft
2018-07-01 58 days 2,042 sqft
2018-08-01 63 days 2,015 sqft
2018-09-01 77 days 2,000 sqft
2018-10-01 76 days 1,973 sqft
2018-11-01 75 days 1,990 sqft
2018-12-01 85 days 1,944 sqft
2019-01-01 95 days 1,889 sqft
2019-02-01 95 days 1,903 sqft
2019-03-01 69 days 1,918 sqft
2019-04-01 60 days 1,944 sqft
2019-05-01 51 days 2,011 sqft
2019-06-01 54 days 1,998 sqft
2019-07-01 65 days 1,952 sqft
2019-08-01 74 days 1,936 sqft
2019-09-01 80 days 1,930 sqft
2019-10-01 81 days 1,937 sqft
2019-11-01 86 days 1,948 sqft
2019-12-01 90 days 1,904 sqft
2020-01-01 89 days 1,880 sqft
2020-02-01 84 days 1,861 sqft
2020-03-01 56 days 1,918 sqft
2020-04-01 55 days 1,919 sqft
2020-05-01 60 days 2,065 sqft
2020-06-01 65 days 2,133 sqft
2020-07-01 65 days 2,156 sqft
2020-08-01 60 days 2,128 sqft
2020-09-01 62 days 2,213 sqft
2020-10-01 70 days 2,189 sqft
2020-11-01 53 days 2,151 sqft
2020-12-01 58 days 1,979 sqft
2021-01-01 67 days 1,935 sqft
2021-02-01 53 days 1,896 sqft
2021-03-01 43 days 1,933 sqft
2021-04-01 46 days 1,860 sqft
2021-05-01 35 days 1,904 sqft
2021-06-01 41 days 1,881 sqft
2021-07-01 42 days 1,882 sqft
2021-08-01 43 days 1,863 sqft
2021-09-01 46 days 1,846 sqft
2021-10-01 43 days 1,837 sqft
2021-11-01 48 days 1,865 sqft
2021-12-01 57 days 1,826 sqft
2022-01-01 72 days 1,864 sqft
2022-02-01 55 days 1,924 sqft
2022-03-01 40 days 1,844 sqft
2022-04-01 39 days 1,863 sqft
Medford's median listing age (time on market) for 2022-04-01 was 39 days. This is -14% shorter than the same period one year ago.

Medford's median square footage for active listings during the 2022-04-01 period was 1,863 sqft. One year prior, the average listing was 1,860 sqft.