Olympia USDA Loan Rates, Closing Costs & Stats
OLYMPIA-LACEY-TUMWATER, 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.
Olympia's 6 lenders originated 7 USDA loans during 2022. The total origination value was $2,625,000, with an average USDA loan value of $375,000.
Olympia USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Olympia
averaged
-0.59%
for the week of 2023-06-02, compared to the national average (all USDA variants) of
0% for the same period.
Olympia's average USDA mortgage closing costs are $7,035.
The average rate for the prior week (2023-05-26) was
6.35% and
one month ago for the week of 2023-04-28, the
average rate was 6.23%.
The average rate one year ago was 4.79%.
For refis of the same type during the week of 2023-06-02, the average rate
was -1.47%.
Olympia 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 Olympia level.
Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|---|---|---|
UNITED WHOLESALE MORTGAGE, LLC | 2 | 5.00% | $9,195 |
CALIBER HOME LOANS, INC. | 1 | 6.75% | $10,816 |
Flagstar Bank, FSB | 1 | 5.88% | $12,169 |
HOME POINT FINANCIAL CORPORATION | 1 | 3.00% | $7,119 |
Paramount Residential Mortgage Group, Inc. | 1 | 4.38% | $13,528 |
Willamette Valley Bank | 1 | 3.25% | $7,680 |
The top Olympia USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
2 USDA loans originated. Their average total fees are
$9,195, which is $1,621
lower than the next largest lender,
CALIBER HOME LOANS, INC..
The lowest fee Olympia USDA lenders (with over 10 loans originated) are
.
The lowest rate Olympia USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Olympia (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $350,623 (16.9%) | $392,804 (11.9%) | 1.30 | 376 |
2018-02-01 | $359,974 (10.8%) | $408,362 (11.7%) | 1.31 | 370 |
2018-03-01 | $355,000 (5.5%) | $421,434 (13.4%) | 1.25 | 366 |
2018-04-01 | $371,250 (9.9%) | $426,566 (11.2%) | 1.26 | 409 |
2018-05-01 | $386,500 (13.9%) | $434,459 (9.5%) | 1.29 | 482 |
2018-06-01 | $379,950 (12.6%) | $437,918 (10.3%) | 1.27 | 572 |
2018-07-01 | $372,493 (14.6%) | $426,657 (9.3%) | 1.24 | 623 |
2018-08-01 | $374,990 (18.5%) | $440,458 (15.4%) | 1.26 | 694 |
2018-09-01 | $375,000 (16.5%) | $445,474 (14.8%) | 1.26 | 715 |
2018-10-01 | $379,925 (13.9%) | $447,496 (13.3%) | 1.29 | 687 |
2018-11-01 | $387,475 (14.1%) | $452,453 (14.9%) | 1.31 | 609 |
2018-12-01 | $389,000 (11.3%) | $447,883 (15.2%) | 1.34 | 571 |
2019-01-01 | $387,448 (10.5%) | $461,031 (17.4%) | 1.34 | 494 |
2019-02-01 | $390,858 (8.6%) | $469,921 (15.1%) | 1.32 | 446 |
2019-03-01 | $402,849 (13.5%) | $489,587 (16.2%) | 1.32 | 445 |
2019-04-01 | $419,995 (13.1%) | $514,402 (20.6%) | 1.33 | 451 |
2019-05-01 | $403,236 (4.3%) | $502,176 (15.6%) | 1.26 | 487 |
2019-06-01 | $399,900 (5.3%) | $498,602 (13.9%) | 1.25 | 532 |
2019-07-01 | $401,925 (7.9%) | $498,757 (16.9%) | 1.26 | 553 |
2019-08-01 | $399,655 (6.6%) | $496,258 (12.7%) | 1.27 | 564 |
2019-09-01 | $399,286 (6.5%) | $494,038 (10.9%) | 1.28 | 588 |
2019-10-01 | $399,000 (5.0%) | $491,271 (9.8%) | 1.29 | 603 |
2019-11-01 | $397,000 (2.5%) | $489,387 (8.2%) | 1.30 | 555 |
2019-12-01 | $396,625 (2.0%) | $498,512 (11.3%) | 1.32 | 404 |
2020-01-01 | $404,475 (4.4%) | $521,194 (13.1%) | 1.35 | 325 |
2020-02-01 | $389,425 (-0.4%) | $495,222 (5.4%) | 1.28 | 354 |
2020-03-01 | $379,499 (-5.8%) | $488,225 (-0.3%) | 1.19 | 406 |
2020-04-01 | $397,000 (-5.5%) | $496,620 (-3.5%) | 1.24 | 427 |
2020-05-01 | $409,900 (1.7%) | $511,917 (1.9%) | 1.25 | 441 |
2020-06-01 | $406,225 (1.6%) | $514,133 (3.1%) | 1.20 | 421 |
2020-07-01 | $399,800 (-0.5%) | $509,681 (2.2%) | 1.16 | 422 |
2020-08-01 | $405,000 (1.3%) | $527,675 (6.3%) | 1.16 | 408 |
2020-09-01 | $417,500 (4.6%) | $541,091 (9.5%) | 1.20 | 390 |
2020-10-01 | $414,950 (4.0%) | $542,562 (10.4%) | 1.19 | 376 |
2020-11-01 | $449,950 (13.3%) | $622,000 (27.1%) | 1.32 | 198 |
2020-12-01 | $439,969 (10.9%) | $645,786 (29.5%) | 1.31 | 176 |
2021-01-01 | $463,000 (14.5%) | $652,206 (25.1%) | 1.38 | 159 |
2021-02-01 | $449,500 (15.4%) | $634,027 (28.0%) | 1.31 | 143 |
2021-03-01 | $434,350 (14.5%) | $608,676 (24.7%) | 1.23 | 170 |
2021-04-01 | $447,463 (12.7%) | $585,324 (17.9%) | 1.21 | 187 |
2021-05-01 | $462,500 (12.8%) | $592,604 (15.8%) | 1.23 | 228 |
2021-06-01 | $479,495 (18.0%) | $591,387 (15.0%) | 1.26 | 240 |
2021-07-01 | $470,000 (17.6%) | $580,832 (14.0%) | 1.24 | 259 |
2021-08-01 | $487,250 (20.3%) | $580,804 (10.1%) | 1.30 | 303 |
2021-09-01 | $497,000 (19.0%) | $588,718 (8.8%) | 1.33 | 293 |
2021-10-01 | $490,000 (18.1%) | $585,659 (7.9%) | 1.31 | 296 |
2021-11-01 | $492,450 (9.5%) | $591,108 (-5.0%) | 1.32 | 217 |
2021-12-01 | $493,500 (12.2%) | $601,189 (-6.9%) | 1.34 | 179 |
2022-01-01 | $489,999 (5.8%) | $595,582 (-8.7%) | 1.32 | 123 |
2022-02-01 | $506,988 (12.8%) | $621,090 (-2.0%) | 1.32 | 129 |
2022-03-01 | $499,950 (15.1%) | $624,510 (2.6%) | 1.25 | 134 |
2022-04-01 | $519,990 (16.2%) | $634,480 (8.4%) | 1.24 | 181 |
2022-05-01 | $549,575 (18.8%) | $660,430 (11.5%) | 1.26 | 277 |
2022-06-01 | $548,700 (14.4%) | $664,153 (12.3%) | 1.22 | 392 |
2022-07-01 | $549,000 (16.8%) | $648,460 (11.6%) | 1.24 | 525 |
2022-08-01 | $548,425 (12.6%) | $643,111 (10.7%) | 1.27 | 566 |
2022-09-01 | $542,495 (9.2%) | $629,446 (6.9%) | 1.27 | 534 |
2022-10-01 | $549,975 (12.2%) | $630,326 (7.6%) | 1.29 | 515 |
2022-11-01 | $536,575 (9.0%) | $627,881 (6.2%) | 1.29 | 506 |
2022-12-01 | $545,000 (10.4%) | $627,715 (4.4%) | 1.35 | 460 |
2023-01-01 | $548,500 (11.9%) | $682,794 (14.6%) | 1.36 | 378 |
2023-02-01 | $537,485 (6.0%) | $684,838 (10.3%) | 1.30 | 298 |
2023-03-01 | $535,738 (7.2%) | $696,836 (11.6%) | 1.26 | 264 |
2023-04-01 | $554,990 (6.7%) | $726,605 (14.5%) | 1.29 | 240 |
2023-05-01 | $569,900 (3.7%) | $728,612 (10.3%) | 1.29 | 283 |
Olympia's median listing price comes in at 129% of the national average.
Olympia's average listing price for 2023-05-01 was $728,612, a difference of $68,182 (10.3%) versus the prior year and $2,007 versus the prior month.
For the 2023-05-01 period, Olympia had 283 MLS listings, a difference of 43 listings (18%) versus the prior month and 6 listings (2%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Olympia (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 60 days | 2,085 sqft |
2018-02-01 | 38 days | 2,115 sqft |
2018-03-01 | 33 days | 2,137 sqft |
2018-04-01 | 30 days | 2,179 sqft |
2018-05-01 | 26 days | 2,200 sqft |
2018-06-01 | 32 days | 2,221 sqft |
2018-07-01 | 31 days | 2,199 sqft |
2018-08-01 | 34 days | 2,205 sqft |
2018-09-01 | 39 days | 2,152 sqft |
2018-10-01 | 43 days | 2,170 sqft |
2018-11-01 | 50 days | 2,189 sqft |
2018-12-01 | 61 days | 2,175 sqft |
2019-01-01 | 65 days | 2,151 sqft |
2019-02-01 | 62 days | 2,163 sqft |
2019-03-01 | 41 days | 2,209 sqft |
2019-04-01 | 30 days | 2,259 sqft |
2019-05-01 | 27 days | 2,171 sqft |
2019-06-01 | 31 days | 2,160 sqft |
2019-07-01 | 34 days | 2,155 sqft |
2019-08-01 | 38 days | 2,096 sqft |
2019-09-01 | 42 days | 2,085 sqft |
2019-10-01 | 45 days | 2,056 sqft |
2019-11-01 | 51 days | 2,033 sqft |
2019-12-01 | 51 days | 2,010 sqft |
2020-01-01 | 51 days | 2,012 sqft |
2020-02-01 | 30 days | 1,972 sqft |
2020-03-01 | 26 days | 1,890 sqft |
2020-04-01 | 33 days | 1,923 sqft |
2020-05-01 | 36 days | 1,980 sqft |
2020-06-01 | 32 days | 2,017 sqft |
2020-07-01 | 24 days | 1,992 sqft |
2020-08-01 | 25 days | 2,003 sqft |
2020-09-01 | 28 days | 2,014 sqft |
2020-10-01 | 31 days | 1,948 sqft |
2020-11-01 | 39 days | 2,027 sqft |
2020-12-01 | 39 days | 1,943 sqft |
2021-01-01 | 37 days | 1,960 sqft |
2021-02-01 | 29 days | 1,900 sqft |
2021-03-01 | 23 days | 1,830 sqft |
2021-04-01 | 25 days | 1,836 sqft |
2021-05-01 | 12 days | 1,862 sqft |
2021-06-01 | 15 days | 1,937 sqft |
2021-07-01 | 25 days | 1,960 sqft |
2021-08-01 | 19 days | 2,029 sqft |
2021-09-01 | 29 days | 2,027 sqft |
2021-10-01 | 29 days | 1,908 sqft |
2021-11-01 | 36 days | 1,855 sqft |
2021-12-01 | 38 days | 1,914 sqft |
2022-01-01 | 38 days | 1,855 sqft |
2022-02-01 | 19 days | 1,907 sqft |
2022-03-01 | 26 days | 1,888 sqft |
2022-04-01 | 16 days | 1,950 sqft |
2022-05-01 | 16 days | 1,978 sqft |
2022-06-01 | 17 days | 2,035 sqft |
2022-07-01 | 26 days | 2,024 sqft |
2022-08-01 | 35 days | 2,022 sqft |
2022-09-01 | 39 days | 2,028 sqft |
2022-10-01 | 44 days | 2,051 sqft |
2022-11-01 | 49 days | 2,002 sqft |
2022-12-01 | 60 days | 2,000 sqft |
2023-01-01 | 69 days | 2,052 sqft |
2023-02-01 | 69 days | 2,029 sqft |
2023-03-01 | 49 days | 2,126 sqft |
2023-04-01 | 33 days | 2,158 sqft |
2023-05-01 | 30 days | 2,137 sqft |
Olympia's median square footage for active listings during the 2023-05-01 period was 2,137 sqft. One year prior, the average listing was 1,978 sqft.