Moses Lake USDA Loan Rates, Closing Costs & Stats

Moses Lake, 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.

Moses Lake's 12 lenders originated 29 USDA loans during 2022. The total origination value was $7,585,000, with an average USDA loan value of $261,552.

Moses Lake USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Moses Lake averaged 6.27% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

Moses Lake's average USDA mortgage closing costs are $6,184.

The average rate for the prior week (2024-02-09) was 6.11% and one month ago for the week of 2024-01-12, the average rate was 6.03%.

The average rate one year ago was 5.77%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.63%.

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

Moses Lake 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 Moses Lake level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
GUILD MORTGAGE COMPANY 10 4.69% $11,066
MOVEMENT MORTGAGE, LLC 5 4.73% $6,685
ENVOY MORTGAGE, LTD 4 4.78% $7,689
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 4.44% $11,498
GENEVA FINANCIAL, LLC 1 3.00% $6,457
HOME POINT FINANCIAL CORPORATION 1 3.38% $11,135
PREMIER MORTGAGE RESOURCES, L.L.C. 1 4.88% $5,584
CALIBER HOME LOANS, INC. 1 3.55% $5,456
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.13% $10,022
CORNERSTONE HOME LENDING, INC. 1 5.13% $8,811
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.99% $6,524
FINANCE OF AMERICA MORTGAGE LLC 1 3.75% $7,383

The top Moses Lake USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 10 USDA loans originated. Their average total fees are $11,066, which is $4,382 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Moses Lake USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($11,066), .

The lowest rate Moses Lake USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (4.69%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Moses Lake (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 $229,000 (5.2%) $294,699 (18.0%) 0.00 214
2018-02-01 $238,700 (9.5%) $306,311 (21.8%) 0.00 204
2018-03-01 $244,750 (9.2%) $312,761 (18.9%) 0.00 185
2018-04-01 $251,625 (7.1%) $312,787 (10.4%) 0.00 203
2018-05-01 $245,750 (2.8%) $312,124 (8.0%) 0.00 216
2018-06-01 $259,000 (6.1%) $307,067 (4.7%) 0.00 234
2018-07-01 $254,950 (5.9%) $308,278 (7.1%) 0.00 264
2018-08-01 $259,450 (6.4%) $336,854 (14.7%) 0.00 278
2018-09-01 $249,250 (3.2%) $332,645 (12.0%) 0.00 297
2018-10-01 $249,450 (4.4%) $326,672 (8.9%) 0.00 291
2018-11-01 $239,900 (3.0%) $319,183 (9.9%) 0.00 257
2018-12-01 $239,000 (3.5%) $311,687 (5.9%) 0.00 248
2019-01-01 $242,198 (5.8%) $324,053 (10.0%) 0.00 198
2019-02-01 $250,315 (4.9%) $335,353 (9.5%) 0.00 204
2019-03-01 $267,257 (9.2%) $350,554 (12.1%) 0.00 206
2019-04-01 $282,782 (12.4%) $364,837 (16.6%) 0.00 217
2019-05-01 $285,982 (16.4%) $362,057 (16.0%) 0.00 259
2019-06-01 $286,470 (10.6%) $357,695 (16.5%) 0.00 255
2019-07-01 $299,800 (17.6%) $377,117 (22.3%) 0.00 232
2019-08-01 $296,336 (14.2%) $371,444 (10.3%) 0.00 247
2019-09-01 $292,716 (17.4%) $360,235 (8.3%) 0.00 269
2019-10-01 $292,802 (17.4%) $356,810 (9.2%) 0.00 278
2019-11-01 $294,470 (22.8%) $362,141 (13.5%) 0.00 233
2019-12-01 $290,070 (21.4%) $362,617 (16.3%) 0.00 206
2020-01-01 $274,625 (13.4%) $324,633 (0.2%) 0.00 201
2020-02-01 $280,000 (11.9%) $317,689 (-5.3%) 0.00 210
2020-03-01 $281,500 (5.3%) $318,827 (-9.1%) 0.00 240
2020-04-01 $288,258 (1.9%) $320,897 (-12.0%) 0.00 223
2020-05-01 $279,950 (-2.1%) $315,497 (-12.9%) 0.00 233
2020-06-01 $281,350 (-1.8%) $321,662 (-10.1%) 0.00 218
2020-07-01 $276,200 (-7.9%) $323,894 (-14.1%) 0.00 214
2020-08-01 $269,900 (-8.9%) $313,601 (-15.6%) 0.00 216
2020-09-01 $279,750 (-4.4%) $332,147 (-7.8%) 0.00 212
2020-10-01 $274,900 (-6.1%) $329,122 (-7.8%) 0.00 218
2020-11-01 $298,475 (1.4%) $343,859 (-5.1%) 0.00 129
2020-12-01 $285,100 (-1.7%) $341,066 (-5.9%) 0.00 113
2021-01-01 $279,900 (1.9%) $338,631 (4.3%) 0.00 96
2021-02-01 $297,000 (6.1%) $351,541 (10.7%) 0.00 83
2021-03-01 $312,725 (11.1%) $362,703 (13.8%) 0.00 96
2021-04-01 $319,238 (10.8%) $388,868 (21.2%) 0.00 74
2021-05-01 $302,250 (8.0%) $373,722 (18.5%) 0.00 84
2021-06-01 $320,463 (13.9%) $429,551 (33.5%) 0.00 101
2021-07-01 $333,986 (20.9%) $435,549 (34.5%) 0.00 122
2021-08-01 $326,851 (21.1%) $424,124 (35.2%) 0.00 139
2021-09-01 $337,675 (20.7%) $437,974 (31.9%) 0.00 132
2021-10-01 $365,000 (32.8%) $458,116 (39.2%) 0.00 133
2021-11-01 $367,232 (23.0%) $468,371 (36.2%) 0.00 134
2021-12-01 $368,250 (29.2%) $449,209 (31.7%) 0.00 125
2022-01-01 $358,750 (28.2%) $459,298 (35.6%) 0.00 108
2022-02-01 $356,706 (20.1%) $409,608 (16.5%) 0.00 103
2022-03-01 $383,000 (22.5%) $430,800 (18.8%) 0.00 91
2022-04-01 $387,000 (21.2%) $497,658 (28.0%) 0.00 82
2022-05-01 $384,950 (27.4%) $482,106 (29.0%) 0.00 104
2022-06-01 $381,500 (19.1%) $471,163 (9.7%) 0.00 141
2022-07-01 $391,200 (17.1%) $483,300 (11.0%) 0.00 158
2022-08-01 $387,500 (18.6%) $486,110 (14.6%) 0.00 164
2022-09-01 $397,350 (17.7%) $480,206 (9.6%) 0.00 160
2022-10-01 $390,000 (6.9%) $491,688 (7.3%) 0.00 178
2022-11-01 $387,000 (5.4%) $487,176 (4.0%) 0.00 188
2022-12-01 $389,500 (5.8%) $494,091 (10.0%) 0.00 160
2023-01-01 $382,975 (6.8%) $480,266 (4.6%) 0.00 154
2023-02-01 $356,040 (-0.2%) $436,901 (6.7%) 0.00 164
2023-03-01 $372,816 (-2.7%) $460,285 (6.8%) 0.00 160
2023-04-01 $381,381 (-1.5%) $462,687 (-7.0%) 0.00 169
2023-05-01 $399,945 (3.9%) $488,784 (1.4%) 0.00 197
2023-06-01 $399,995 (4.9%) $500,573 (6.2%) 0.00 203
2023-07-01 $399,990 (2.3%) $511,354 (5.8%) 0.00 222
2023-08-01 $411,975 (6.3%) $516,245 (6.2%) 0.00 231
2023-09-01 $392,495 (-1.2%) $516,484 (7.6%) 0.00 215
2023-10-01 $391,654 (0.4%) $508,100 (3.3%) 0.00 207
2023-11-01 $412,425 (6.6%) $498,272 (2.3%) 0.00 217
2023-12-01 $409,450 (5.1%) $489,410 (-1.0%) 0.00 195
Moses Lake's median listing price for 2023-12-01 was $409,450, a difference of $19,950 (5.1%) versus the prior year and $-2,975 versus the prior month.

Moses Lake's median listing price comes in at 0% of the national average.

Moses Lake's average listing price for 2023-12-01 was $489,410, a difference of $-4,681 (-1.0%) versus the prior year and $-8,862 versus the prior month.

For the 2023-12-01 period, Moses Lake had 195 MLS listings, a difference of -22 listings (-10%) versus the prior month and 35 listings (22%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Moses Lake (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,805 sqft
2018-02-01 0 days 1,824 sqft
2018-03-01 0 days 1,890 sqft
2018-04-01 0 days 1,866 sqft
2018-05-01 0 days 1,836 sqft
2018-06-01 0 days 1,824 sqft
2018-07-01 0 days 1,789 sqft
2018-08-01 0 days 1,821 sqft
2018-09-01 0 days 1,805 sqft
2018-10-01 0 days 1,820 sqft
2018-11-01 0 days 1,785 sqft
2018-12-01 0 days 1,784 sqft
2019-01-01 0 days 1,807 sqft
2019-02-01 0 days 1,798 sqft
2019-03-01 0 days 1,803 sqft
2019-04-01 0 days 1,812 sqft
2019-05-01 0 days 1,785 sqft
2019-06-01 0 days 1,787 sqft
2019-07-01 0 days 1,845 sqft
2019-08-01 0 days 1,855 sqft
2019-09-01 0 days 1,857 sqft
2019-10-01 0 days 1,858 sqft
2019-11-01 0 days 1,918 sqft
2019-12-01 0 days 1,854 sqft
2020-01-01 0 days 1,788 sqft
2020-02-01 0 days 1,744 sqft
2020-03-01 0 days 1,656 sqft
2020-04-01 0 days 1,674 sqft
2020-05-01 0 days 1,660 sqft
2020-06-01 0 days 1,656 sqft
2020-07-01 0 days 1,665 sqft
2020-08-01 0 days 1,601 sqft
2020-09-01 0 days 1,620 sqft
2020-10-01 0 days 1,620 sqft
2020-11-01 0 days 1,690 sqft
2020-12-01 0 days 1,665 sqft
2021-01-01 0 days 1,578 sqft
2021-02-01 0 days 1,564 sqft
2021-03-01 0 days 1,585 sqft
2021-04-01 0 days 1,596 sqft
2021-05-01 0 days 1,588 sqft
2021-06-01 0 days 1,653 sqft
2021-07-01 0 days 1,720 sqft
2021-08-01 0 days 1,687 sqft
2021-09-01 0 days 1,714 sqft
2021-10-01 0 days 1,798 sqft
2021-11-01 0 days 1,793 sqft
2021-12-01 0 days 1,778 sqft
2022-01-01 0 days 1,795 sqft
2022-02-01 0 days 1,738 sqft
2022-03-01 0 days 1,745 sqft
2022-04-01 0 days 1,797 sqft
2022-05-01 0 days 1,764 sqft
2022-06-01 0 days 1,707 sqft
2022-07-01 0 days 1,682 sqft
2022-08-01 0 days 1,691 sqft
2022-09-01 0 days 1,766 sqft
2022-10-01 0 days 1,752 sqft
2022-11-01 0 days 1,726 sqft
2022-12-01 0 days 1,685 sqft
2023-01-01 0 days 1,614 sqft
2023-02-01 0 days 1,549 sqft
2023-03-01 0 days 1,559 sqft
2023-04-01 0 days 1,603 sqft
2023-05-01 0 days 1,645 sqft
2023-06-01 0 days 1,717 sqft
2023-07-01 0 days 1,742 sqft
2023-08-01 0 days 1,736 sqft
2023-09-01 0 days 1,683 sqft
2023-10-01 0 days 1,712 sqft
2023-11-01 0 days 1,743 sqft
2023-12-01 0 days 1,741 sqft
Moses Lake's median listing age (time on market) for 2023-12-01 was 0 days.

Moses Lake's median square footage for active listings during the 2023-12-01 period was 1,741 sqft. One year prior, the average listing was 1,685 sqft.