Othello USDA Loan Rates, Closing Costs & Stats

Othello, WA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Othello's 2 lenders originated 2 USDA loans during 2023. The total origination value was $560,000, with an average USDA loan value of $280,000.

    Othello USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Othello averaged 6.58% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Othello's average USDA mortgage closing costs are $6,280.

    The average rate for the prior week (2024-12-06) was 6.32% and one month ago for the week of 2024-11-08, the average rate was 6.64%.

    The average rate one year ago was 7.1%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.5%.

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

    Othello 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 Othello level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CHURCHILL MORTGAGE CORPORATION 1 7.13% $6,182
    GUILD MORTGAGE COMPANY 1 6.13% $12,742

    The top Othello USDA lender as defined by loan originations is CHURCHILL MORTGAGE CORPORATION, with 1 USDA loans originated. Their average total fees are $6,182, which is $6,560 lower than the next largest lender, GUILD MORTGAGE COMPANY.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Othello (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 $165,000 (25.2%) $196,195 (33.2%) 0.00 26
    2018-02-01 $155,750 (42.9%) $180,403 (43.3%) 0.00 22
    2018-03-01 $154,000 (37.8%) $172,823 (22.0%) 0.00 23
    2018-04-01 $153,000 (38.5%) $174,502 (14.5%) 0.00 27
    2018-05-01 $159,500 (49.1%) $182,981 (14.2%) 0.00 30
    2018-06-01 $187,500 (73.6%) $219,032 (32.5%) 0.00 33
    2018-07-01 $167,500 (35.2%) $209,928 (21.9%) 0.00 40
    2018-08-01 $187,725 (20.0%) $235,200 (27.6%) 0.00 39
    2018-09-01 $183,500 (5.5%) $234,375 (19.1%) 0.00 40
    2018-10-01 $190,750 (3.7%) $229,345 (13.9%) 0.00 37
    2018-11-01 $195,500 (6.3%) $227,424 (16.4%) 0.00 35
    2018-12-01 $193,000 (10.0%) $242,765 (22.5%) 0.00 31
    2019-01-01 $170,000 (3.0%) $227,021 (15.7%) 0.00 34
    2019-02-01 $161,175 (3.5%) $216,276 (19.9%) 0.00 37
    2019-03-01 $153,871 (-0.1%) $222,173 (28.6%) 0.00 30
    2019-04-01 $170,171 (11.2%) $225,207 (29.1%) 0.00 30
    2019-05-01 $166,250 (4.2%) $215,735 (17.9%) 0.00 31
    2019-06-01 $170,000 (-9.3%) $211,119 (-3.6%) 0.00 38
    2019-07-01 $172,250 (2.8%) $217,042 (3.4%) 0.00 40
    2019-08-01 $176,818 (-5.8%) $218,275 (-7.2%) 0.00 42
    2019-09-01 $173,545 (-5.4%) $214,388 (-8.5%) 0.00 47
    2019-10-01 $169,250 (-11.3%) $211,426 (-7.8%) 0.00 47
    2019-11-01 $169,950 (-13.1%) $214,715 (-5.6%) 0.00 36
    2019-12-01 $174,950 (-9.4%) $214,717 (-11.6%) 0.00 39
    2020-01-01 $193,600 (13.9%) $216,346 (-4.7%) 0.00 36
    2020-02-01 $199,500 (23.8%) $219,422 (1.5%) 0.00 29
    2020-03-01 $189,950 (23.5%) $236,238 (6.3%) 0.00 25
    2020-04-01 $199,500 (17.2%) $238,527 (5.9%) 0.00 21
    2020-05-01 $202,000 (21.5%) $228,673 (6.0%) 0.00 22
    2020-06-01 $201,108 (18.3%) $228,222 (8.1%) 0.00 27
    2020-07-01 $225,000 (30.6%) $228,578 (5.3%) 0.00 37
    2020-08-01 $233,000 (31.8%) $225,527 (3.3%) 0.00 50
    2020-09-01 $237,021 (36.6%) $233,656 (9.0%) 0.00 59
    2020-10-01 $239,221 (41.3%) $234,482 (10.9%) 0.00 56
    2020-11-01 $218,453 (28.5%) $226,908 (5.7%) 0.00 20
    2020-12-01 $212,450 (21.4%) $235,915 (9.9%) 0.00 16
    2021-01-01 $265,000 (36.9%) $251,715 (16.4%) 0.00 13
    2021-02-01 $275,000 (37.8%) $266,623 (21.5%) 0.00 13
    2021-03-01 $253,748 (33.6%) $247,533 (4.8%) 0.00 12
    2021-04-01 $258,750 (29.7%) $276,948 (16.1%) 0.00 14
    2021-05-01 $275,000 (36.1%) $317,143 (38.7%) 0.00 13
    2021-06-01 $283,749 (41.1%) $326,532 (43.1%) 0.00 19
    2021-07-01 $291,755 (29.7%) $350,268 (53.2%) 0.00 21
    2021-08-01 $293,005 (25.8%) $363,666 (61.3%) 0.00 23
    2021-09-01 $304,814 (28.6%) $355,671 (52.2%) 0.00 30
    2021-10-01 $309,521 (29.4%) $362,562 (54.6%) 0.00 28
    2021-11-01 $296,255 (35.6%) $351,939 (55.1%) 0.00 33
    2021-12-01 $293,491 (38.2%) $361,240 (53.1%) 0.00 31
    2022-01-01 $324,543 (22.5%) $375,393 (49.1%) 0.00 23
    2022-02-01 $349,199 (27.0%) $377,960 (41.8%) 0.00 20
    2022-03-01 $348,245 (37.2%) $403,059 (62.8%) 0.00 18
    2022-04-01 $327,498 (26.6%) $386,210 (39.5%) 0.00 19
    2022-05-01 $308,000 (12.0%) $361,445 (14.0%) 0.00 27
    2022-06-01 $298,000 (5.0%) $352,852 (8.1%) 0.00 30
    2022-07-01 $310,000 (6.3%) $365,861 (4.5%) 0.00 35
    2022-08-01 $338,800 (15.6%) $362,690 (-0.3%) 0.00 55
    2022-09-01 $338,800 (11.2%) $355,893 (0.1%) 0.00 56
    2022-10-01 $338,800 (9.5%) $358,303 (-1.2%) 0.00 55
    2022-11-01 $332,500 (12.2%) $355,018 (0.9%) 0.00 50
    2022-12-01 $338,800 (15.4%) $358,890 (-0.7%) 0.00 41
    2023-01-01 $338,800 (4.4%) $366,021 (-2.5%) 0.00 41
    2023-02-01 $349,650 (0.1%) $388,064 (2.7%) 0.00 43
    2023-03-01 $355,400 (2.1%) $385,027 (-4.5%) 0.00 43
    2023-04-01 $384,900 (17.5%) $400,501 (3.7%) 0.00 40
    2023-05-01 $378,725 (23.0%) $425,041 (17.6%) 0.00 40
    2023-06-01 $367,050 (23.2%) $417,972 (18.5%) 0.00 36
    2023-07-01 $362,000 (16.8%) $407,851 (11.5%) 0.00 39
    2023-08-01 $341,800 (0.9%) $390,124 (7.6%) 0.00 38
    2023-09-01 $336,500 (-0.7%) $385,786 (8.4%) 0.00 42
    2023-10-01 $362,500 (7.0%) $403,050 (12.5%) 0.00 47
    2023-11-01 $362,500 (9.0%) $413,175 (16.4%) 0.00 50
    2023-12-01 $386,500 (14.1%) $435,183 (21.3%) 0.00 43
    2024-01-01 $386,500 (14.1%) $433,532 (18.4%) 0.00 41
    2024-02-01 $362,150 (3.6%) $396,116 (2.1%) 0.00 38
    2024-03-01 $354,300 (-0.3%) $373,627 (-3.0%) 0.00 39
    2024-04-01 $350,075 (-9.1%) $350,148 (-12.6%) 0.00 44
    2024-05-01 $330,000 (-12.9%) $343,319 (-19.2%) 0.00 47
    2024-06-01 $342,450 (-6.7%) $364,628 (-12.8%) 0.00 45
    2024-07-01 $344,925 (-4.7%) $366,799 (-10.1%) 0.00 51
    2024-08-01 $335,000 (-2.0%) $361,817 (-7.3%) 0.00 58
    2024-09-01 $348,900 (3.7%) $361,524 (-6.3%) 0.00 59
    2024-10-01 $357,475 (-1.4%) $371,445 (-7.8%) 0.00 55
    2024-11-01 $367,495 (1.4%) $382,461 (-7.4%) 0.00 50
    Othello's median listing price for 2024-11-01 was $367,495, a difference of $4,995 (1.4%) versus the prior year and $10,020 versus the prior month.

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

    Othello's average listing price for 2024-11-01 was $382,461, a difference of $-30,714 (-7.4%) versus the prior year and $11,016 versus the prior month.

    For the 2024-11-01 period, Othello had 50 MLS listings, a difference of -5 listings (-9%) versus the prior month and 0 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Othello (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,112 sqft
    2018-02-01 0 days 1,976 sqft
    2018-03-01 0 days 1,710 sqft
    2018-04-01 0 days 1,841 sqft
    2018-05-01 0 days 1,836 sqft
    2018-06-01 0 days 1,840 sqft
    2018-07-01 0 days 1,840 sqft
    2018-08-01 0 days 1,909 sqft
    2018-09-01 0 days 1,924 sqft
    2018-10-01 0 days 1,882 sqft
    2018-11-01 0 days 1,844 sqft
    2018-12-01 0 days 1,814 sqft
    2019-01-01 0 days 1,769 sqft
    2019-02-01 0 days 1,668 sqft
    2019-03-01 0 days 1,717 sqft
    2019-04-01 0 days 1,726 sqft
    2019-05-01 0 days 1,793 sqft
    2019-06-01 0 days 1,782 sqft
    2019-07-01 0 days 1,723 sqft
    2019-08-01 0 days 1,775 sqft
    2019-09-01 0 days 1,749 sqft
    2019-10-01 0 days 1,731 sqft
    2019-11-01 0 days 1,840 sqft
    2019-12-01 0 days 1,740 sqft
    2020-01-01 0 days 1,721 sqft
    2020-02-01 0 days 1,867 sqft
    2020-03-01 0 days 2,197 sqft
    2020-04-01 0 days 1,945 sqft
    2020-05-01 0 days 1,680 sqft
    2020-06-01 0 days 1,528 sqft
    2020-07-01 0 days 1,505 sqft
    2020-08-01 0 days 1,442 sqft
    2020-09-01 0 days 1,416 sqft
    2020-10-01 0 days 1,472 sqft
    2020-11-01 0 days 1,517 sqft
    2020-12-01 0 days 1,472 sqft
    2021-01-01 0 days 1,597 sqft
    2021-02-01 0 days 1,759 sqft
    2021-03-01 0 days 1,718 sqft
    2021-04-01 0 days 1,818 sqft
    2021-05-01 0 days 1,650 sqft
    2021-06-01 0 days 1,621 sqft
    2021-07-01 0 days 1,655 sqft
    2021-08-01 0 days 1,657 sqft
    2021-09-01 0 days 1,649 sqft
    2021-10-01 0 days 1,672 sqft
    2021-11-01 0 days 1,666 sqft
    2021-12-01 0 days 1,680 sqft
    2022-01-01 0 days 1,744 sqft
    2022-02-01 0 days 1,813 sqft
    2022-03-01 0 days 1,849 sqft
    2022-04-01 0 days 2,070 sqft
    2022-05-01 0 days 2,023 sqft
    2022-06-01 0 days 1,965 sqft
    2022-07-01 0 days 1,964 sqft
    2022-08-01 0 days 1,657 sqft
    2022-09-01 0 days 1,695 sqft
    2022-10-01 0 days 1,744 sqft
    2022-11-01 0 days 1,695 sqft
    2022-12-01 0 days 1,580 sqft
    2023-01-01 0 days 1,657 sqft
    2023-02-01 0 days 1,817 sqft
    2023-03-01 0 days 1,752 sqft
    2023-04-01 0 days 1,885 sqft
    2023-05-01 0 days 1,926 sqft
    2023-06-01 0 days 1,899 sqft
    2023-07-01 0 days 1,972 sqft
    2023-08-01 0 days 1,933 sqft
    2023-09-01 0 days 1,944 sqft
    2023-10-01 0 days 1,868 sqft
    2023-11-01 0 days 1,787 sqft
    2023-12-01 0 days 1,794 sqft
    2024-01-01 0 days 1,744 sqft
    2024-02-01 0 days 1,734 sqft
    2024-03-01 0 days 1,729 sqft
    2024-04-01 0 days 1,689 sqft
    2024-05-01 0 days 1,718 sqft
    2024-06-01 0 days 1,864 sqft
    2024-07-01 0 days 1,903 sqft
    2024-08-01 0 days 1,798 sqft
    2024-09-01 0 days 1,710 sqft
    2024-10-01 0 days 1,759 sqft
    2024-11-01 0 days 1,800 sqft
    Othello's median listing age (time on market) for 2024-11-01 was 0 days.

    Othello's median square footage for active listings during the 2024-11-01 period was 1,800 sqft. One year prior, the average listing was 1,787 sqft.