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 2 lenders originated 2 USDA loans during 2024. The total origination value was $750,000, with an average USDA loan value of $375,000.
Olympia USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Olympia
averaged
6.39%
for the week of 2025-04-11, compared to the national average (all USDA variants) of
6.449% for the same period.
Olympia's average USDA mortgage closing costs are $7,198.
The average rate for the prior week (2025-04-04) was
6.55% and
one month ago for the week of 2025-03-07, the
average rate was 6.31%.
The average rate one year ago was 6.47%.
For refis of the same type during the week of 2025-04-11, the average rate
was 6.08%.
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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| CMG MORTGAGE, INC. | 1 | 6.00% | $12,264 |
| GUILD MORTGAGE COMPANY | 1 | 5.13% | $12,744 |
The top Olympia USDA lender as defined by loan originations is CMG MORTGAGE, INC., with
1 USDA loans originated. Their average total fees are
$12,264, which is $479
lower than the next largest lender,
GUILD MORTGAGE COMPANY.
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. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $351,868 (17.3%) | $392,814 (11.9%) | 1.30 | 377 |
| 2018-02-01 | $362,221 (11.5%) | $408,388 (11.7%) | 1.32 | 372 |
| 2018-03-01 | $357,425 (5.9%) | $421,339 (13.4%) | 1.25 | 368 |
| 2018-04-01 | $371,738 (9.7%) | $426,456 (11.2%) | 1.26 | 411 |
| 2018-05-01 | $386,975 (13.8%) | $434,337 (9.4%) | 1.29 | 484 |
| 2018-06-01 | $379,975 (12.4%) | $436,870 (10.0%) | 1.27 | 571 |
| 2018-07-01 | $372,495 (14.6%) | $426,735 (9.4%) | 1.24 | 624 |
| 2018-08-01 | $374,990 (17.8%) | $440,441 (15.4%) | 1.26 | 694 |
| 2018-09-01 | $375,000 (16.1%) | $445,474 (14.8%) | 1.26 | 715 |
| 2018-10-01 | $379,925 (13.3%) | $447,496 (13.4%) | 1.29 | 687 |
| 2018-11-01 | $387,475 (14.1%) | $452,453 (14.9%) | 1.31 | 609 |
| 2018-12-01 | $389,000 (11.2%) | $447,883 (15.2%) | 1.34 | 571 |
| 2019-01-01 | $387,448 (10.1%) | $461,031 (17.4%) | 1.34 | 494 |
| 2019-02-01 | $390,858 (7.9%) | $469,921 (15.1%) | 1.32 | 446 |
| 2019-03-01 | $402,849 (12.7%) | $489,587 (16.2%) | 1.32 | 445 |
| 2019-04-01 | $419,995 (13.0%) | $514,402 (20.6%) | 1.33 | 451 |
| 2019-05-01 | $403,236 (4.2%) | $502,176 (15.6%) | 1.26 | 487 |
| 2019-06-01 | $399,900 (5.2%) | $498,602 (14.1%) | 1.25 | 532 |
| 2019-07-01 | $401,925 (7.9%) | $499,197 (17.0%) | 1.26 | 552 |
| 2019-08-01 | $399,655 (6.6%) | $496,704 (12.8%) | 1.27 | 563 |
| 2019-09-01 | $399,286 (6.5%) | $494,496 (11.0%) | 1.28 | 587 |
| 2019-10-01 | $399,000 (5.0%) | $491,741 (9.9%) | 1.29 | 602 |
| 2019-11-01 | $399,000 (3.0%) | $489,910 (8.3%) | 1.31 | 554 |
| 2019-12-01 | $397,000 (2.1%) | $499,188 (11.5%) | 1.32 | 403 |
| 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%) | 1.27 | 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 (2.1%) | 1.16 | 422 |
| 2020-08-01 | $405,000 (1.3%) | $527,675 (6.2%) | 1.16 | 408 |
| 2020-09-01 | $417,500 (4.6%) | $541,091 (9.4%) | 1.20 | 390 |
| 2020-10-01 | $414,950 (4.0%) | $542,562 (10.3%) | 1.19 | 376 |
| 2020-11-01 | $449,950 (12.8%) | $622,000 (27.0%) | 1.32 | 198 |
| 2020-12-01 | $439,969 (10.8%) | $645,786 (29.4%) | 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 |
| 2023-06-01 | $552,238 (0.6%) | $695,273 (4.7%) | 1.24 | 326 |
| 2023-07-01 | $579,450 (5.6%) | $716,295 (10.5%) | 1.32 | 360 |
| 2023-08-01 | $577,583 (5.3%) | $722,106 (12.3%) | 1.33 | 401 |
| 2023-09-01 | $576,550 (6.3%) | $721,506 (14.6%) | 1.34 | 406 |
| 2023-10-01 | $582,200 (5.9%) | $733,089 (16.3%) | 1.37 | 408 |
| 2023-11-01 | $575,000 (7.2%) | $746,524 (18.9%) | 1.37 | 473 |
| 2023-12-01 | $568,000 (4.2%) | $754,473 (20.2%) | 1.39 | 391 |
| 2024-01-01 | $558,199 (1.8%) | $743,630 (8.9%) | 1.36 | 344 |
| 2024-02-01 | $569,998 (6.1%) | $747,227 (9.1%) | 1.37 | 336 |
| 2024-03-01 | $556,200 (3.8%) | $731,502 (5.0%) | 1.31 | 356 |
| 2024-04-01 | $559,495 (0.8%) | $690,645 (-5.0%) | 1.30 | 388 |
| 2024-05-01 | $574,450 (0.8%) | $699,839 (-4.0%) | 1.31 | 489 |
| 2024-06-01 | $595,000 (7.7%) | $722,759 (4.0%) | 1.35 | 500 |
| 2024-07-01 | $592,000 (2.2%) | $714,567 (-0.2%) | 1.35 | 564 |
| 2024-08-01 | $585,000 (1.3%) | $693,798 (-3.9%) | 1.36 | 567 |
| 2024-09-01 | $584,975 (1.5%) | $691,900 (-4.1%) | 1.38 | 545 |
| 2024-10-01 | $582,216 (0.0%) | $695,230 (-5.2%) | 1.37 | 536 |
| 2024-11-01 | $589,450 (2.5%) | $697,338 (-6.6%) | 1.41 | 488 |
| 2024-12-01 | $592,950 (4.4%) | $700,553 (-7.2%) | 1.47 | 402 |
| 2025-01-01 | $594,958 (6.6%) | $701,249 (-5.7%) | 1.49 | 378 |
| 2025-02-01 | $599,970 (5.3%) | $701,626 (-6.1%) | 1.46 | 349 |
| 2025-03-01 | $599,995 (7.9%) | $700,338 (-4.3%) | 0.00 | 407 |
Olympia's median listing price comes in at 0% of the national average.
Olympia's average listing price for 2025-03-01 was $700,338, a difference of $-31,164 (-4.3%) versus the prior year and $-1,288 versus the prior month.
For the 2025-03-01 period, Olympia had 407 MLS listings, a difference of 58 listings (17%) versus the prior month and 51 listings (14%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Olympia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 61 days | 2,095 sqft |
| 2018-02-01 | 38 days | 2,138 sqft |
| 2018-03-01 | 33 days | 2,149 sqft |
| 2018-04-01 | 30 days | 2,191 sqft |
| 2018-05-01 | 26 days | 2,201 sqft |
| 2018-06-01 | 32 days | 2,227 sqft |
| 2018-07-01 | 31 days | 2,199 sqft |
| 2018-08-01 | 34 days | 2,207 sqft |
| 2018-09-01 | 39 days | 2,154 sqft |
| 2018-10-01 | 43 days | 2,170 sqft |
| 2018-11-01 | 50 days | 2,189 sqft |
| 2018-12-01 | 61 days | 2,176 sqft |
| 2019-01-01 | 65 days | 2,153 sqft |
| 2019-02-01 | 62 days | 2,166 sqft |
| 2019-03-01 | 41 days | 2,213 sqft |
| 2019-04-01 | 30 days | 2,261 sqft |
| 2019-05-01 | 27 days | 2,171 sqft |
| 2019-06-01 | 31 days | 2,160 sqft |
| 2019-07-01 | 34 days | 2,156 sqft |
| 2019-08-01 | 38 days | 2,098 sqft |
| 2019-09-01 | 42 days | 2,086 sqft |
| 2019-10-01 | 45 days | 2,059 sqft |
| 2019-11-01 | 51 days | 2,035 sqft |
| 2019-12-01 | 51 days | 2,019 sqft |
| 2020-01-01 | 51 days | 2,017 sqft |
| 2020-02-01 | 30 days | 1,978 sqft |
| 2020-03-01 | 26 days | 1,891 sqft |
| 2020-04-01 | 33 days | 1,927 sqft |
| 2020-05-01 | 36 days | 1,989 sqft |
| 2020-06-01 | 32 days | 2,021 sqft |
| 2020-07-01 | 24 days | 1,997 sqft |
| 2020-08-01 | 25 days | 2,006 sqft |
| 2020-09-01 | 28 days | 2,015 sqft |
| 2020-10-01 | 31 days | 1,942 sqft |
| 2020-11-01 | 39 days | 2,041 sqft |
| 2020-12-01 | 39 days | 1,974 sqft |
| 2021-01-01 | 37 days | 1,983 sqft |
| 2021-02-01 | 29 days | 1,920 sqft |
| 2021-03-01 | 23 days | 1,849 sqft |
| 2021-04-01 | 25 days | 1,844 sqft |
| 2021-05-01 | 12 days | 1,883 sqft |
| 2021-06-01 | 15 days | 1,950 sqft |
| 2021-07-01 | 25 days | 1,964 sqft |
| 2021-08-01 | 19 days | 2,023 sqft |
| 2021-09-01 | 29 days | 2,031 sqft |
| 2021-10-01 | 29 days | 1,914 sqft |
| 2021-11-01 | 36 days | 1,855 sqft |
| 2021-12-01 | 38 days | 1,915 sqft |
| 2022-01-01 | 38 days | 1,855 sqft |
| 2022-02-01 | 19 days | 1,912 sqft |
| 2022-03-01 | 26 days | 1,893 sqft |
| 2022-04-01 | 16 days | 1,950 sqft |
| 2022-05-01 | 16 days | 1,979 sqft |
| 2022-06-01 | 17 days | 2,033 sqft |
| 2022-07-01 | 26 days | 2,020 sqft |
| 2022-08-01 | 35 days | 2,020 sqft |
| 2022-09-01 | 39 days | 2,027 sqft |
| 2022-10-01 | 44 days | 2,055 sqft |
| 2022-11-01 | 49 days | 2,004 sqft |
| 2022-12-01 | 60 days | 2,000 sqft |
| 2023-01-01 | 69 days | 2,057 sqft |
| 2023-02-01 | 69 days | 2,032 sqft |
| 2023-03-01 | 49 days | 2,127 sqft |
| 2023-04-01 | 33 days | 2,155 sqft |
| 2023-05-01 | 30 days | 2,131 sqft |
| 2023-06-01 | 30 days | 2,084 sqft |
| 2023-07-01 | 34 days | 2,116 sqft |
| 2023-08-01 | 35 days | 2,143 sqft |
| 2023-09-01 | 41 days | 2,168 sqft |
| 2023-10-01 | 45 days | 2,199 sqft |
| 2023-11-01 | 51 days | 2,189 sqft |
| 2023-12-01 | 58 days | 2,120 sqft |
| 2024-01-01 | 70 days | 2,040 sqft |
| 2024-02-01 | 40 days | 1,980 sqft |
| 2024-03-01 | 39 days | 1,948 sqft |
| 2024-04-01 | 35 days | 1,998 sqft |
| 2024-05-01 | 28 days | 2,029 sqft |
| 2024-06-01 | 36 days | 2,079 sqft |
| 2024-07-01 | 37 days | 2,117 sqft |
| 2024-08-01 | 44 days | 2,107 sqft |
| 2024-09-01 | 47 days | 2,062 sqft |
| 2024-10-01 | 48 days | 2,055 sqft |
| 2024-11-01 | 48 days | 2,098 sqft |
| 2024-12-01 | 63 days | 2,095 sqft |
| 2025-01-01 | 67 days | 2,111 sqft |
| 2025-02-01 | 42 days | 2,103 sqft |
| 2025-03-01 | 0 days | 2,101 sqft |
Olympia's median square footage for active listings during the 2025-03-01 period was 2,101 sqft. One year prior, the average listing was 1,948 sqft.