Portland USDA Loan Rates, Closing Costs & Stats

PORTLAND-SOUTH PORTLAND, ME

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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.

    Portland's 15 lenders originated 50 USDA loans during 2024. The total origination value was $15,050,000, with an average USDA loan value of $301,000.

    Portland USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Portland averaged 6.92% for the week of 2025-04-11, compared to the national average (all USDA variants) of 6.449% for the same period.

    Portland's average USDA mortgage closing costs are $5,827.

    The average rate for the prior week (2025-04-04) was 6.78% and one month ago for the week of 2025-03-07, the average rate was 6.55%.

    The average rate one year ago was 7%.

    For refis of the same type during the week of 2025-04-11, the average rate was 6.64%.

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

    Portland 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 Portland level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CMG MORTGAGE, INC. 9 5.86% $7,676
    Bangor Savings Bank 6 5.43% $6,814
    GUILD MORTGAGE COMPANY 4 5.79% $8,736
    NORTHPOINT MORTGAGE, INC. 3 6.11% $8,445
    MEGASTAR FINANCIAL CORP. 1 5.95% $7,134
    MOVEMENT MORTGAGE, LLC 1 4.95% $7,013
    SIS BANCORP, MHC 1 5.95% $5,358
    SUMMIT FUNDING, INC. 1 7.25% $9,342
    The Camden National Bank 1 5.38% $8,508
    TOTAL MORTGAGE SERVICES, LLC 1 5.95% $6,410
    UNITED WHOLESALE MORTGAGE, LLC 1 5.13% $13,262
    University Credit Union 1 5.95% $5,877
    Bath Savings Institution 1 4.95% $6,675
    CROSSCOUNTRY MORTGAGE, LLC 1 5.95% $6,751
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $6,890

    The top Portland USDA lender as defined by loan originations is CMG MORTGAGE, INC., with 9 USDA loans originated. Their average total fees are $7,676, which is $862 higher than the next largest lender, Bangor Savings Bank.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Portland (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 $342,500 (5.4%) $485,060 (7.9%) 1.27 1,968
    2018-02-01 $349,800 (5.9%) $486,831 (5.7%) 1.27 1,829
    2018-03-01 $350,000 (3.0%) $495,079 (4.6%) 1.23 1,831
    2018-04-01 $359,925 (3.8%) $511,348 (4.5%) 1.22 1,945
    2018-05-01 $364,850 (4.3%) $505,992 (3.9%) 1.22 2,246
    2018-06-01 $366,500 (4.7%) $505,380 (3.8%) 1.22 2,602
    2018-07-01 $366,900 (4.9%) $507,395 (2.5%) 1.23 2,799
    2018-08-01 $359,000 (3.3%) $502,038 (1.8%) 1.20 2,965
    2018-09-01 $355,000 (3.2%) $493,262 (0.2%) 1.19 3,048
    2018-10-01 $351,875 (3.5%) $490,332 (0.0%) 1.19 2,945
    2018-11-01 $354,999 (4.6%) $492,641 (1.3%) 1.20 2,759
    2018-12-01 $349,000 (2.7%) $484,836 (-0.7%) 1.20 2,441
    2019-01-01 $349,450 (2.0%) $480,011 (-1.0%) 1.21 2,070
    2019-02-01 $357,425 (2.2%) $494,834 (1.6%) 1.21 1,984
    2019-03-01 $366,429 (4.7%) $506,236 (2.3%) 1.20 1,946
    2019-04-01 $377,250 (4.8%) $518,611 (1.4%) 1.20 1,932
    2019-05-01 $383,450 (5.1%) $526,172 (4.0%) 1.20 2,122
    2019-06-01 $388,250 (5.9%) $531,085 (5.1%) 1.21 2,433
    2019-07-01 $389,450 (6.2%) $540,263 (6.5%) 1.22 2,571
    2019-08-01 $387,882 (8.1%) $539,163 (7.4%) 1.23 2,601
    2019-09-01 $386,205 (8.8%) $537,710 (9.0%) 1.24 2,551
    2019-10-01 $384,950 (9.4%) $537,947 (9.7%) 1.24 2,487
    2019-11-01 $385,000 (8.5%) $546,055 (10.8%) 1.26 2,210
    2019-12-01 $385,375 (10.4%) $549,004 (13.2%) 1.29 1,752
    2020-01-01 $395,000 (13.0%) $547,819 (14.1%) 1.32 1,511
    2020-02-01 $399,000 (11.6%) $557,594 (12.7%) 1.31 1,401
    2020-03-01 $399,450 (9.0%) $571,349 (12.9%) 1.25 1,455
    2020-04-01 $405,000 (7.4%) $566,833 (9.3%) 1.27 1,512
    2020-05-01 $415,000 (8.2%) $585,193 (11.2%) 1.26 1,526
    2020-06-01 $414,950 (6.9%) $595,023 (12.0%) 1.22 1,611
    2020-07-01 $427,450 (9.8%) $608,768 (12.7%) 1.24 1,561
    2020-08-01 $424,950 (9.6%) $605,902 (12.4%) 1.22 1,413
    2020-09-01 $424,250 (9.9%) $607,735 (13.0%) 1.22 1,363
    2020-10-01 $417,500 (8.5%) $590,632 (9.8%) 1.20 1,339
    2020-11-01 $425,000 (10.4%) $590,677 (8.2%) 1.24 1,191
    2020-12-01 $441,400 (14.5%) $597,642 (8.9%) 1.31 978
    2021-01-01 $438,500 (11.0%) $612,446 (11.8%) 1.31 751
    2021-02-01 $437,500 (9.7%) $624,166 (11.9%) 1.27 629
    2021-03-01 $438,152 (9.7%) $608,812 (6.6%) 1.24 614
    2021-04-01 $448,898 (10.8%) $651,749 (15.0%) 1.22 649
    2021-05-01 $459,900 (10.8%) $661,625 (13.1%) 1.22 733
    2021-06-01 $474,713 (14.4%) $685,899 (15.3%) 1.25 902
    2021-07-01 $479,450 (12.2%) $667,944 (9.7%) 1.27 1,093
    2021-08-01 $465,225 (9.5%) $649,746 (7.2%) 1.24 1,113
    2021-09-01 $450,000 (6.1%) $649,998 (7.0%) 1.20 1,064
    2021-10-01 $465,000 (11.4%) $687,644 (16.4%) 1.24 943
    2021-11-01 $481,825 (13.4%) $721,910 (22.2%) 1.29 771
    2021-12-01 $492,000 (11.5%) $745,578 (24.8%) 1.33 598
    2022-01-01 $498,900 (13.8%) $742,183 (21.2%) 1.35 496
    2022-02-01 $530,500 (21.3%) $728,705 (16.8%) 1.38 438
    2022-03-01 $520,000 (18.7%) $714,828 (17.4%) 1.30 469
    2022-04-01 $525,000 (17.0%) $724,748 (11.2%) 1.25 567
    2022-05-01 $532,500 (15.8%) $720,773 (8.9%) 1.22 718
    2022-06-01 $544,000 (14.6%) $730,869 (6.6%) 1.21 888
    2022-07-01 $549,900 (14.7%) $732,893 (9.7%) 1.24 1,088
    2022-08-01 $549,950 (18.2%) $729,522 (12.3%) 1.27 1,090
    2022-09-01 $542,000 (20.4%) $743,412 (14.4%) 1.27 1,038
    2022-10-01 $549,000 (18.1%) $737,174 (7.2%) 1.29 1,006
    2022-11-01 $542,000 (12.5%) $736,401 (2.0%) 1.30 946
    2022-12-01 $551,750 (12.1%) $752,445 (0.9%) 1.36 808
    2023-01-01 $584,775 (17.2%) $735,776 (-0.9%) 1.45 656
    2023-02-01 $590,000 (11.2%) $769,548 (5.6%) 1.42 589
    2023-03-01 $619,000 (19.0%) $829,590 (16.1%) 1.46 574
    2023-04-01 $628,700 (19.8%) $847,820 (17.0%) 1.46 630
    2023-05-01 $623,175 (17.0%) $848,468 (17.7%) 1.41 728
    2023-06-01 $625,000 (14.9%) $875,841 (19.8%) 1.40 783
    2023-07-01 $623,800 (13.4%) $882,708 (20.4%) 1.42 883
    2023-08-01 $611,350 (11.2%) $858,625 (17.7%) 1.40 982
    2023-09-01 $599,900 (10.7%) $870,420 (17.1%) 1.40 1,107
    2023-10-01 $599,950 (9.3%) $874,809 (18.7%) 1.41 1,104
    2023-11-01 $599,925 (10.7%) $882,064 (19.8%) 1.43 1,063
    2023-12-01 $599,900 (8.7%) $878,569 (16.8%) 1.46 858
    2024-01-01 $615,000 (5.2%) $875,680 (19.0%) 1.50 666
    2024-02-01 $604,900 (2.5%) $854,749 (11.1%) 1.46 657
    2024-03-01 $622,700 (0.6%) $912,739 (10.0%) 1.47 673
    2024-04-01 $649,948 (3.4%) $901,309 (6.3%) 1.51 750
    2024-05-01 $657,225 (5.5%) $930,606 (9.7%) 1.50 911
    2024-06-01 $649,900 (4.0%) $940,680 (7.4%) 1.48 1,095
    2024-07-01 $649,500 (4.1%) $927,459 (5.1%) 1.49 1,328
    2024-08-01 $645,000 (5.5%) $885,473 (3.1%) 1.50 1,389
    2024-09-01 $642,125 (7.0%) $885,237 (1.7%) 1.51 1,443
    2024-10-01 $629,000 (4.8%) $881,101 (0.7%) 1.48 1,537
    2024-11-01 $615,000 (2.5%) $865,630 (-1.9%) 1.48 1,534
    2024-12-01 $613,750 (2.3%) $859,304 (-2.2%) 1.52 1,065
    2025-01-01 $620,000 (0.8%) $868,975 (-0.8%) 1.55 861
    2025-02-01 $632,950 (4.6%) $867,267 (1.5%) 1.54 858
    2025-03-01 $647,800 (4.0%) $877,440 (-3.9%) 0.00 925
    Portland's median listing price for 2025-03-01 was $647,800, a difference of $25,100 (4.0%) versus the prior year and $14,850 versus the prior month.

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

    Portland's average listing price for 2025-03-01 was $877,440, a difference of $-35,299 (-3.9%) versus the prior year and $10,173 versus the prior month.

    For the 2025-03-01 period, Portland had 925 MLS listings, a difference of 67 listings (8%) versus the prior month and 252 listings (37%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Portland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 101 days 1,800 sqft
    2018-02-01 107 days 1,792 sqft
    2018-03-01 75 days 1,791 sqft
    2018-04-01 50 days 1,800 sqft
    2018-05-01 43 days 1,796 sqft
    2018-06-01 44 days 1,800 sqft
    2018-07-01 51 days 1,818 sqft
    2018-08-01 59 days 1,815 sqft
    2018-09-01 64 days 1,800 sqft
    2018-10-01 71 days 1,800 sqft
    2018-11-01 76 days 1,800 sqft
    2018-12-01 88 days 1,764 sqft
    2019-01-01 103 days 1,736 sqft
    2019-02-01 106 days 1,741 sqft
    2019-03-01 83 days 1,753 sqft
    2019-04-01 52 days 1,764 sqft
    2019-05-01 42 days 1,780 sqft
    2019-06-01 40 days 1,800 sqft
    2019-07-01 47 days 1,789 sqft
    2019-08-01 54 days 1,780 sqft
    2019-09-01 61 days 1,787 sqft
    2019-10-01 67 days 1,791 sqft
    2019-11-01 72 days 1,790 sqft
    2019-12-01 84 days 1,762 sqft
    2020-01-01 89 days 1,736 sqft
    2020-02-01 86 days 1,694 sqft
    2020-03-01 59 days 1,704 sqft
    2020-04-01 55 days 1,739 sqft
    2020-05-01 59 days 1,765 sqft
    2020-06-01 40 days 1,764 sqft
    2020-07-01 43 days 1,754 sqft
    2020-08-01 40 days 1,742 sqft
    2020-09-01 34 days 1,707 sqft
    2020-10-01 34 days 1,715 sqft
    2020-11-01 45 days 1,719 sqft
    2020-12-01 62 days 1,711 sqft
    2021-01-01 70 days 1,707 sqft
    2021-02-01 43 days 1,662 sqft
    2021-03-01 24 days 1,664 sqft
    2021-04-01 17 days 1,678 sqft
    2021-05-01 15 days 1,707 sqft
    2021-06-01 16 days 1,736 sqft
    2021-07-01 22 days 1,766 sqft
    2021-08-01 27 days 1,747 sqft
    2021-09-01 31 days 1,715 sqft
    2021-10-01 34 days 1,730 sqft
    2021-11-01 43 days 1,743 sqft
    2021-12-01 58 days 1,700 sqft
    2022-01-01 46 days 1,614 sqft
    2022-02-01 29 days 1,639 sqft
    2022-03-01 21 days 1,634 sqft
    2022-04-01 12 days 1,657 sqft
    2022-05-01 14 days 1,707 sqft
    2022-06-01 17 days 1,777 sqft
    2022-07-01 23 days 1,773 sqft
    2022-08-01 32 days 1,769 sqft
    2022-09-01 38 days 1,755 sqft
    2022-10-01 42 days 1,776 sqft
    2022-11-01 46 days 1,691 sqft
    2022-12-01 57 days 1,680 sqft
    2023-01-01 67 days 1,684 sqft
    2023-02-01 61 days 1,672 sqft
    2023-03-01 53 days 1,662 sqft
    2023-04-01 27 days 1,664 sqft
    2023-05-01 24 days 1,668 sqft
    2023-06-01 23 days 1,761 sqft
    2023-07-01 28 days 1,784 sqft
    2023-08-01 29 days 1,740 sqft
    2023-09-01 31 days 1,736 sqft
    2023-10-01 37 days 1,758 sqft
    2023-11-01 45 days 1,780 sqft
    2023-12-01 59 days 1,748 sqft
    2024-01-01 75 days 1,743 sqft
    2024-02-01 54 days 1,680 sqft
    2024-03-01 46 days 1,680 sqft
    2024-04-01 42 days 1,686 sqft
    2024-05-01 32 days 1,717 sqft
    2024-06-01 32 days 1,735 sqft
    2024-07-01 39 days 1,752 sqft
    2024-08-01 45 days 1,728 sqft
    2024-09-01 49 days 1,748 sqft
    2024-10-01 52 days 1,740 sqft
    2024-11-01 61 days 1,729 sqft
    2024-12-01 67 days 1,699 sqft
    2025-01-01 75 days 1,707 sqft
    2025-02-01 64 days 1,699 sqft
    2025-03-01 0 days 1,678 sqft
    Portland's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Portland's median square footage for active listings during the 2025-03-01 period was 1,678 sqft. One year prior, the average listing was 1,680 sqft.