Olympia USDA Loan Rates, Closing Costs & Stats

OLYMPIA-LACEY-TUMWATER, WA

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    • 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 1 lenders originated 2 USDA loans during 2023. The total origination value was $850,000, with an average USDA loan value of $425,000.

    Olympia USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Olympia averaged 6.69% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Olympia's average USDA mortgage closing costs are $7,135.

    The average rate for the prior week (2024-04-12) was 6.74% and one month ago for the week of 2024-03-15, the average rate was 6.32%.

    The average rate one year ago was 6.16%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.71%.

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

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 2 5.36% $15,407

    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 $379,950 (12.4%) $436,651 (10.0%) 1.27 572
    2018-07-01 $372,495 (14.6%) $426,636 (9.3%) 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 (5.3%) $498,602 (14.2%) 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 $404,688 (4.5%) $521,664 (13.2%) 1.35 324
    2020-02-01 $389,425 (-0.4%) $495,222 (5.4%) 1.27 354
    2020-03-01 $379,500 (-5.8%) $488,542 (-0.2%) 1.19 405
    2020-04-01 $397,000 (-5.5%) $496,947 (-3.4%) 1.24 426
    2020-05-01 $409,900 (1.7%) $512,276 (2.0%) 1.25 440
    2020-06-01 $407,500 (1.9%) $514,485 (3.2%) 1.20 420
    2020-07-01 $399,900 (-0.5%) $510,022 (2.2%) 1.16 421
    2020-08-01 $405,000 (1.3%) $527,675 (6.2%) 1.16 407
    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 (14.4%) $652,206 (25.0%) 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 (24.6%) 1.23 170
    2021-04-01 $447,463 (12.7%) $585,324 (17.8%) 1.21 187
    2021-05-01 $462,500 (12.8%) $592,604 (15.7%) 1.23 228
    2021-06-01 $479,495 (17.7%) $591,387 (15.0%) 1.26 240
    2021-07-01 $470,000 (17.5%) $580,832 (13.9%) 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 $537,469 (6.0%) $684,504 (10.2%) 1.30 297
    2023-03-01 $533,500 (6.7%) $696,507 (11.5%) 1.26 263
    2023-04-01 $552,495 (6.3%) $726,345 (14.5%) 1.28 239
    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 (9.2%) 1.37 336
    2024-03-01 $556,200 (4.3%) $731,502 (5.0%) 1.31 356
    Olympia's median listing price for 2024-03-01 was $556,200, a difference of $22,700 (4.3%) versus the prior year and $-13,798 versus the prior month.

    Olympia's median listing price comes in at 131% of the national average.

    Olympia's average listing price for 2024-03-01 was $731,502, a difference of $34,995 (5.0%) versus the prior year and $-15,725 versus the prior month.

    For the 2024-03-01 period, Olympia had 356 MLS listings, a difference of 20 listings (6%) versus the prior month and 93 listings (35%) 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 2,132 sqft
    2018-03-01 33 days 2,140 sqft
    2018-04-01 30 days 2,187 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 2,204 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 2,097 sqft
    2019-09-01 42 days 2,085 sqft
    2019-10-01 45 days 2,057 sqft
    2019-11-01 51 days 2,034 sqft
    2019-12-01 51 days 2,015 sqft
    2020-01-01 51 days 2,013 sqft
    2020-02-01 30 days 1,972 sqft
    2020-03-01 27 days 1,886 sqft
    2020-04-01 32 days 1,926 sqft
    2020-05-01 36 days 1,983 sqft
    2020-06-01 32 days 2,021 sqft
    2020-07-01 24 days 1,997 sqft
    2020-08-01 25 days 2,008 sqft
    2020-09-01 28 days 2,014 sqft
    2020-10-01 31 days 1,942 sqft
    2020-11-01 39 days 2,027 sqft
    2020-12-01 39 days 1,944 sqft
    2021-01-01 37 days 1,970 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 2,026 sqft
    2021-09-01 29 days 2,033 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 1,976 sqft
    2022-06-01 17 days 2,028 sqft
    2022-07-01 26 days 2,020 sqft
    2022-08-01 35 days 2,020 sqft
    2022-09-01 39 days 2,026 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 2,048 sqft
    2023-02-01 70 days 2,025 sqft
    2023-03-01 49 days 2,118 sqft
    2023-04-01 33 days 2,154 sqft
    2023-05-01 30 days 2,127 sqft
    2023-06-01 30 days 2,080 sqft
    2023-07-01 34 days 2,113 sqft
    2023-08-01 35 days 2,142 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
    Olympia's median listing age (time on market) for 2024-03-01 was 39 days. This is -20% shorter than the same period one year ago.

    Olympia's median square footage for active listings during the 2024-03-01 period was 1,948 sqft. One year prior, the average listing was 2,118 sqft.