Newport USDA Loan Rates, Closing Costs & Stats

Newport, 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.

Newport's 2 lenders originated 5 USDA loans during 2023. The total origination value was $1,705,000, with an average USDA loan value of $341,000.

Newport USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Newport averaged 7% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Newport's average USDA mortgage closing costs are $7,740.

The average rate for the prior week (2024-05-10) was 7.14% and one month ago for the week of 2024-04-12, the average rate was 6.66%.

The average rate one year ago was 6.74%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.65%.

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

Newport 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 Newport level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CROSSCOUNTRY MORTGAGE, LLC 3 6.42% $13,910
LPMC, LLC 2 6.38% $8,414

The top Newport USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 3 USDA loans originated. Their average total fees are $13,910, which is $5,496 higher than the next largest lender, LPMC, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Newport (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 $375,975 (5.7%) $456,681 (9.6%) 0.00 518
2018-02-01 $388,625 (8.0%) $462,853 (9.8%) 0.00 504
2018-03-01 $386,250 (7.4%) $460,699 (9.2%) 0.00 534
2018-04-01 $384,000 (6.8%) $460,597 (10.8%) 0.00 575
2018-05-01 $384,500 (3.4%) $468,669 (8.6%) 0.00 604
2018-06-01 $379,000 (3.3%) $455,888 (5.2%) 0.00 656
2018-07-01 $382,000 (4.7%) $463,188 (7.2%) 0.00 658
2018-08-01 $389,500 (3.9%) $473,924 (7.5%) 0.00 631
2018-09-01 $397,900 (5.0%) $472,326 (5.3%) 0.00 617
2018-10-01 $389,000 (0.0%) $478,352 (4.9%) 0.00 539
2018-11-01 $396,250 (1.8%) $484,038 (5.1%) 0.00 502
2018-12-01 $399,000 (3.8%) $490,034 (6.9%) 0.00 477
2019-01-01 $399,000 (6.1%) $496,256 (8.7%) 0.00 429
2019-02-01 $399,000 (2.7%) $494,402 (6.8%) 0.00 462
2019-03-01 $402,429 (4.2%) $486,238 (5.5%) 0.00 480
2019-04-01 $406,429 (5.8%) $483,405 (5.0%) 0.00 496
2019-05-01 $399,450 (3.9%) $462,321 (-1.4%) 0.00 510
2019-06-01 $399,000 (5.3%) $465,158 (2.0%) 0.00 552
2019-07-01 $399,000 (4.5%) $467,988 (1.0%) 0.00 574
2019-08-01 $396,273 (1.7%) $463,810 (-2.1%) 0.00 575
2019-09-01 $392,182 (-1.4%) $462,999 (-2.0%) 0.00 563
2019-10-01 $392,455 (0.9%) $467,519 (-2.3%) 0.00 551
2019-11-01 $399,000 (0.7%) $485,254 (0.3%) 0.00 495
2019-12-01 $399,475 (0.1%) $491,619 (0.3%) 0.00 431
2020-01-01 $399,500 (0.1%) $497,139 (0.2%) 0.00 387
2020-02-01 $384,950 (-3.5%) $487,382 (-1.4%) 0.00 380
2020-03-01 $384,225 (-4.5%) $474,460 (-2.4%) 0.00 417
2020-04-01 $377,450 (-7.1%) $466,095 (-3.6%) 0.00 420
2020-05-01 $387,000 (-3.1%) $476,645 (3.1%) 0.00 410
2020-06-01 $392,000 (-1.8%) $471,174 (1.3%) 0.00 396
2020-07-01 $406,000 (1.8%) $493,002 (5.4%) 0.00 365
2020-08-01 $445,000 (12.3%) $532,207 (14.8%) 0.00 275
2020-09-01 $446,700 (13.9%) $551,727 (19.2%) 0.00 232
2020-10-01 $445,000 (13.4%) $563,832 (20.6%) 0.00 223
2020-11-01 $442,475 (10.9%) $561,956 (15.8%) 0.00 199
2020-12-01 $442,325 (10.7%) $575,561 (17.1%) 0.00 162
2021-01-01 $499,950 (25.1%) $587,175 (18.1%) 0.00 115
2021-02-01 $455,075 (18.2%) $613,879 (26.0%) 0.00 121
2021-03-01 $472,225 (22.9%) $601,227 (26.7%) 0.00 128
2021-04-01 $532,250 (41.0%) $651,099 (39.7%) 0.00 150
2021-05-01 $533,000 (37.7%) $677,225 (42.1%) 0.00 151
2021-06-01 $555,000 (41.6%) $685,657 (45.5%) 0.00 165
2021-07-01 $530,000 (30.5%) $664,561 (34.8%) 0.00 178
2021-08-01 $571,250 (28.4%) $722,649 (35.8%) 0.00 183
2021-09-01 $584,475 (30.8%) $724,435 (31.3%) 0.00 183
2021-10-01 $580,100 (30.4%) $737,576 (30.8%) 0.00 171
2021-11-01 $566,975 (28.1%) $730,956 (30.1%) 0.00 160
2021-12-01 $573,725 (29.7%) $751,893 (30.6%) 0.00 124
2022-01-01 $569,900 (14.0%) $731,461 (24.6%) 0.00 124
2022-02-01 $583,725 (28.3%) $703,729 (14.6%) 0.00 117
2022-03-01 $546,800 (15.8%) $682,830 (13.6%) 0.00 121
2022-04-01 $599,900 (12.7%) $696,465 (7.0%) 0.00 139
2022-05-01 $599,000 (12.4%) $648,464 (-4.3%) 0.00 173
2022-06-01 $542,000 (-2.3%) $620,554 (-9.5%) 0.00 226
2022-07-01 $550,000 (3.8%) $645,046 (-2.9%) 0.00 277
2022-08-01 $599,000 (4.9%) $698,617 (-3.3%) 0.00 297
2022-09-01 $572,719 (-2.0%) $691,819 (-4.5%) 0.00 291
2022-10-01 $549,500 (-5.3%) $673,715 (-8.7%) 0.00 273
2022-11-01 $538,500 (-5.0%) $642,340 (-12.1%) 0.00 258
2022-12-01 $529,000 (-7.8%) $653,006 (-13.2%) 0.00 238
2023-01-01 $507,500 (-11.0%) $641,762 (-12.3%) 0.00 218
2023-02-01 $522,500 (-10.5%) $676,059 (-3.9%) 0.00 218
2023-03-01 $583,750 (6.8%) $708,357 (3.7%) 0.00 229
2023-04-01 $591,950 (-1.3%) $708,985 (1.8%) 0.00 243
2023-05-01 $619,000 (3.3%) $718,762 (10.8%) 0.00 269
2023-06-01 $599,450 (10.6%) $716,179 (15.4%) 0.00 321
2023-07-01 $599,900 (9.1%) $707,213 (9.6%) 0.00 378
2023-08-01 $587,000 (-2.0%) $687,922 (-1.5%) 0.00 375
2023-09-01 $589,000 (2.8%) $693,437 (0.2%) 0.00 355
2023-10-01 $596,000 (8.5%) $700,586 (4.0%) 0.00 350
2023-11-01 $598,750 (11.2%) $706,492 (10.0%) 0.00 324
2023-12-01 $592,450 (12.0%) $707,924 (8.4%) 0.00 285
2024-01-01 $585,000 (15.3%) $688,660 (7.3%) 0.00 277
2024-02-01 $585,000 (12.0%) $666,231 (-1.5%) 0.00 295
2024-03-01 $595,000 (1.9%) $670,527 (-5.3%) 0.00 308
2024-04-01 $591,250 (-0.1%) $667,250 (-5.9%) 0.00 358
Newport's median listing price for 2024-04-01 was $591,250, a difference of $-700 (-0.1%) versus the prior year and $-3,750 versus the prior month.

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

Newport's average listing price for 2024-04-01 was $667,250, a difference of $-41,735 (-5.9%) versus the prior year and $-3,277 versus the prior month.

For the 2024-04-01 period, Newport had 358 MLS listings, a difference of 50 listings (16%) versus the prior month and 115 listings (47%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Newport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,858 sqft
2018-02-01 0 days 1,870 sqft
2018-03-01 0 days 1,848 sqft
2018-04-01 0 days 1,838 sqft
2018-05-01 0 days 1,858 sqft
2018-06-01 0 days 1,810 sqft
2018-07-01 0 days 1,841 sqft
2018-08-01 0 days 1,856 sqft
2018-09-01 0 days 1,832 sqft
2018-10-01 0 days 1,864 sqft
2018-11-01 0 days 1,855 sqft
2018-12-01 0 days 1,810 sqft
2019-01-01 0 days 1,830 sqft
2019-02-01 0 days 1,796 sqft
2019-03-01 0 days 1,810 sqft
2019-04-01 0 days 1,802 sqft
2019-05-01 0 days 1,764 sqft
2019-06-01 0 days 1,820 sqft
2019-07-01 0 days 1,802 sqft
2019-08-01 0 days 1,761 sqft
2019-09-01 0 days 1,741 sqft
2019-10-01 0 days 1,737 sqft
2019-11-01 0 days 1,751 sqft
2019-12-01 0 days 1,753 sqft
2020-01-01 0 days 1,756 sqft
2020-02-01 0 days 1,704 sqft
2020-03-01 0 days 1,705 sqft
2020-04-01 0 days 1,687 sqft
2020-05-01 0 days 1,684 sqft
2020-06-01 0 days 1,691 sqft
2020-07-01 0 days 1,740 sqft
2020-08-01 0 days 1,782 sqft
2020-09-01 0 days 1,787 sqft
2020-10-01 0 days 1,807 sqft
2020-11-01 0 days 1,805 sqft
2020-12-01 0 days 1,908 sqft
2021-01-01 0 days 1,858 sqft
2021-02-01 0 days 1,733 sqft
2021-03-01 0 days 1,840 sqft
2021-04-01 0 days 1,828 sqft
2021-05-01 0 days 1,792 sqft
2021-06-01 0 days 1,786 sqft
2021-07-01 0 days 1,792 sqft
2021-08-01 0 days 1,868 sqft
2021-09-01 0 days 1,886 sqft
2021-10-01 0 days 1,907 sqft
2021-11-01 0 days 1,876 sqft
2021-12-01 0 days 1,897 sqft
2022-01-01 0 days 1,751 sqft
2022-02-01 0 days 1,744 sqft
2022-03-01 0 days 1,686 sqft
2022-04-01 0 days 1,736 sqft
2022-05-01 0 days 1,665 sqft
2022-06-01 0 days 1,600 sqft
2022-07-01 0 days 1,652 sqft
2022-08-01 0 days 1,676 sqft
2022-09-01 0 days 1,667 sqft
2022-10-01 0 days 1,624 sqft
2022-11-01 0 days 1,589 sqft
2022-12-01 0 days 1,552 sqft
2023-01-01 0 days 1,568 sqft
2023-02-01 0 days 1,615 sqft
2023-03-01 0 days 1,654 sqft
2023-04-01 0 days 1,677 sqft
2023-05-01 0 days 1,714 sqft
2023-06-01 0 days 1,670 sqft
2023-07-01 0 days 1,684 sqft
2023-08-01 0 days 1,666 sqft
2023-09-01 0 days 1,705 sqft
2023-10-01 0 days 1,726 sqft
2023-11-01 0 days 1,721 sqft
2023-12-01 0 days 1,761 sqft
2024-01-01 0 days 1,665 sqft
2024-02-01 0 days 1,676 sqft
2024-03-01 0 days 1,679 sqft
2024-04-01 0 days 1,637 sqft
Newport's median listing age (time on market) for 2024-04-01 was 0 days.

Newport's median square footage for active listings during the 2024-04-01 period was 1,637 sqft. One year prior, the average listing was 1,677 sqft.