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 5 lenders originated 17 USDA loans during 2023. The total origination value was $5,135,000, with an average USDA loan value of $302,059.
Moses Lake USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Moses Lake
averaged
6.85%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Moses Lake's average USDA mortgage closing costs are $6,418.
The average rate for the prior week (2024-04-12) was
6.7% and
one month ago for the week of 2024-03-15, the
average rate was 6.78%.
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 6.76%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| GUILD MORTGAGE COMPANY | 11 | 6.10% | $12,782 |
| Paramount Residential Mortgage Group, Inc. | 2 | 5.94% | $14,599 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.22% | $10,655 |
| MOVEMENT MORTGAGE, LLC | 1 | 5.63% | $16,450 |
| NEWREZ LLC | 1 | 6.75% | $10,346 |
The top Moses Lake USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
11 USDA loans originated. Their average total fees are
$12,782, which is $1,817
lower than the next largest lender,
Paramount Residential Mortgage Group, Inc..
The lowest fee Moses Lake USDA lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY ($12,782), .
The lowest rate Moses Lake USDA lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY (6.10%), .
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 |
| 2024-01-01 | $397,975 (3.9%) | $465,348 (-3.1%) | 0.00 | 175 |
| 2024-02-01 | $404,661 (13.7%) | $469,744 (7.5%) | 0.00 | 184 |
| 2024-03-01 | $400,000 (7.3%) | $481,296 (4.6%) | 0.00 | 185 |
Moses Lake's median listing price comes in at 0% of the national average.
Moses Lake's average listing price for 2024-03-01 was $481,296, a difference of $21,011 (4.6%) versus the prior year and $11,552 versus the prior month.
For the 2024-03-01 period, Moses Lake had 185 MLS listings, a difference of 1 listings (1%) versus the prior month and 25 listings (16%) 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 | 1,814 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 |
| 2024-01-01 | 0 days | 1,696 sqft |
| 2024-02-01 | 0 days | 1,739 sqft |
| 2024-03-01 | 0 days | 1,724 sqft |
Moses Lake's median square footage for active listings during the 2024-03-01 period was 1,724 sqft. One year prior, the average listing was 1,559 sqft.