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%.
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 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 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.
