Mount Vernon USDA Loans

MOUNT VERNON-ANACORTES, 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.

Mount Vernon's 10 lenders originated 12 USDA loans during 2021. The total origination value was $3,480,000, with an average USDA loan value of $290,000.

Mount Vernon USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Mount Vernon averaged 5.47% 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 5.5% and one month ago for the week of 2022-04-08, the average rate was 5.07%.

The average rate one year ago was 3.08%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.95%.

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

Mount Vernon 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 Mount Vernon level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CALIBER HOME LOANS, INC. 2 3.07% $6,161
BAY EQUITY LLC 1 2.50% $6,284
DIRECTORS MORTGAGE, INC. 1 2.75% $8,079
First Federal Savings and Loan Association of Port Angeles 1 2.75% $5,250
First Guaranty Mortgage Corporation 1 3.25% $6,951
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.75% $4,618
Peoples Bank 1 2.38% $4,702
TJC Mortgage, Inc. 1 2.50% $5,914
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.75% $7,749
Umpqua Bank 1 2.38% $12,961

The top Mount Vernon USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 2 USDA loans originated. Their average total fees are $6,161, which is $124 lower than the next largest lender, BAY EQUITY LLC.

The lowest fee Mount Vernon USDA lenders (with over 10 loans originated) are .

The lowest rate Mount Vernon USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Mount Vernon (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 $399,000 (10.5%) $630,143 (17.1%) 0.00 290
2018-02-01 $419,925 (14.7%) $649,073 (19.1%) 0.00 275
2018-03-01 $435,000 (21.0%) $664,691 (23.2%) 0.00 276
2018-04-01 $457,500 (23.3%) $673,903 (21.5%) 0.00 300
2018-05-01 $462,750 (21.9%) $652,905 (16.6%) 0.00 351
2018-06-01 $479,900 (13.7%) $667,256 (9.4%) 0.00 377
2018-07-01 $497,000 (22.8%) $665,642 (11.9%) 0.00 401
2018-08-01 $479,900 (19.2%) $644,951 (10.0%) 0.00 456
2018-09-01 $459,900 (13.6%) $629,374 (9.3%) 0.00 473
2018-10-01 $455,000 (13.1%) $612,351 (5.6%) 0.00 460
2018-11-01 $449,000 (10.2%) $616,029 (2.4%) 0.00 424
2018-12-01 $445,000 (11.3%) $624,640 (-0.1%) 0.00 382
2019-01-01 $442,450 (10.9%) $647,637 (2.8%) 0.00 329
2019-02-01 $489,975 (16.7%) $666,198 (2.6%) 0.00 299
2019-03-01 $487,100 (12.0%) $656,164 (-1.3%) 0.00 319
2019-04-01 $487,100 (6.5%) $653,531 (-3.0%) 0.00 348
2019-05-01 $467,500 (1.0%) $680,720 (4.3%) 0.00 377
2019-06-01 $450,000 (-6.2%) $665,748 (-0.2%) 0.00 421
2019-07-01 $432,000 (-13.1%) $638,416 (-4.1%) 0.00 442
2019-08-01 $441,000 (-8.1%) $636,865 (-1.3%) 0.00 448
2019-09-01 $448,000 (-2.6%) $633,602 (0.7%) 0.00 440
2019-10-01 $427,000 (-6.2%) $605,726 (-1.1%) 0.00 447
2019-11-01 $430,000 (-4.2%) $618,480 (0.4%) 0.00 378
2019-12-01 $445,900 (0.2%) $630,195 (0.9%) 0.00 328
2020-01-01 $448,500 (1.4%) $620,083 (-4.3%) 0.00 276
2020-02-01 $440,000 (-10.2%) $603,090 (-9.5%) 0.00 269
2020-03-01 $461,950 (-5.2%) $622,127 (-5.2%) 0.00 288
2020-04-01 $480,450 (-1.4%) $639,977 (-2.1%) 0.00 307
2020-05-01 $465,900 (-0.3%) $628,860 (-7.6%) 0.00 331
2020-06-01 $475,950 (5.8%) $631,199 (-5.2%) 0.00 304
2020-07-01 $487,450 (12.8%) $648,708 (1.6%) 0.00 285
2020-08-01 $499,000 (13.2%) $670,673 (5.3%) 0.00 270
2020-09-01 $492,000 (9.8%) $668,634 (5.5%) 0.00 280
2020-10-01 $480,000 (12.4%) $681,374 (12.5%) 0.00 236
2020-11-01 $509,000 (18.4%) $721,039 (16.6%) 0.00 137
2020-12-01 $547,000 (22.7%) $744,636 (18.2%) 0.00 117
2021-01-01 $525,000 (17.1%) $727,139 (17.3%) 0.00 103
2021-02-01 $526,250 (19.6%) $780,383 (29.4%) 0.00 90
2021-03-01 $496,850 (7.6%) $718,653 (15.5%) 0.00 101
2021-04-01 $519,500 (8.1%) $727,923 (13.7%) 0.00 114
2021-05-01 $550,000 (18.1%) $756,701 (20.3%) 0.00 118
2021-06-01 $555,625 (16.7%) $768,864 (21.8%) 0.00 131
2021-07-01 $594,450 (22.0%) $846,667 (30.5%) 0.00 144
2021-08-01 $596,000 (19.4%) $813,849 (21.4%) 0.00 161
2021-09-01 $599,450 (21.8%) $784,956 (17.4%) 0.00 174
2021-10-01 $599,900 (25.0%) $803,896 (18.0%) 0.00 169
2021-11-01 $606,250 (19.1%) $820,495 (13.8%) 0.00 128
2021-12-01 $598,625 (9.4%) $834,923 (12.1%) 0.00 111
2022-01-01 $575,000 (9.5%) $871,643 (19.9%) 0.00 90
2022-02-01 $582,500 (10.7%) $817,633 (4.8%) 0.00 94
2022-03-01 $599,900 (20.7%) $788,306 (9.7%) 0.00 105
2022-04-01 $629,000 (21.1%) $864,718 (18.8%) 0.00 131
Mount Vernon's median listing price for 2022-04-01 was $629,000, a difference of $109,500 (21.1%) versus the prior year and $29,100 versus the prior month.

Mount Vernon's median listing price comes in at 0% of the national average.

Mount Vernon's average listing price for 2022-04-01 was $864,718, a difference of $136,795 (18.8%) versus the prior year and $76,412 versus the prior month.

For the 2022-04-01 period, Mount Vernon had 131 MLS listings, a difference of 26 listings (25%) versus the prior month and 17 listings (15%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Mount Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,055 sqft
2018-02-01 0 days 2,094 sqft
2018-03-01 0 days 2,015 sqft
2018-04-01 0 days 2,108 sqft
2018-05-01 0 days 2,121 sqft
2018-06-01 0 days 2,114 sqft
2018-07-01 0 days 2,141 sqft
2018-08-01 0 days 2,095 sqft
2018-09-01 0 days 2,081 sqft
2018-10-01 0 days 2,006 sqft
2018-11-01 0 days 2,008 sqft
2018-12-01 0 days 2,016 sqft
2019-01-01 0 days 2,038 sqft
2019-02-01 0 days 2,136 sqft
2019-03-01 0 days 2,079 sqft
2019-04-01 0 days 2,032 sqft
2019-05-01 0 days 1,986 sqft
2019-06-01 0 days 1,924 sqft
2019-07-01 0 days 1,903 sqft
2019-08-01 0 days 1,911 sqft
2019-09-01 0 days 1,922 sqft
2019-10-01 0 days 1,883 sqft
2019-11-01 0 days 1,944 sqft
2019-12-01 0 days 1,951 sqft
2020-01-01 0 days 1,916 sqft
2020-02-01 0 days 1,897 sqft
2020-03-01 0 days 1,916 sqft
2020-04-01 0 days 1,959 sqft
2020-05-01 0 days 1,914 sqft
2020-06-01 0 days 1,952 sqft
2020-07-01 0 days 1,961 sqft
2020-08-01 0 days 1,928 sqft
2020-09-01 0 days 1,905 sqft
2020-10-01 0 days 1,924 sqft
2020-11-01 0 days 1,904 sqft
2020-12-01 0 days 1,984 sqft
2021-01-01 0 days 1,969 sqft
2021-02-01 0 days 1,875 sqft
2021-03-01 0 days 1,789 sqft
2021-04-01 0 days 1,850 sqft
2021-05-01 0 days 1,878 sqft
2021-06-01 0 days 1,870 sqft
2021-07-01 0 days 2,063 sqft
2021-08-01 0 days 2,045 sqft
2021-09-01 0 days 2,016 sqft
2021-10-01 0 days 1,968 sqft
2021-11-01 0 days 1,952 sqft
2021-12-01 0 days 1,918 sqft
2022-01-01 0 days 1,900 sqft
2022-02-01 0 days 1,818 sqft
2022-03-01 0 days 1,793 sqft
2022-04-01 0 days 1,809 sqft
Mount Vernon's median listing age (time on market) for 2022-04-01 was 0 days.

Mount Vernon's median square footage for active listings during the 2022-04-01 period was 1,809 sqft. One year prior, the average listing was 1,850 sqft.