Sandpoint USDA Loan Rates, Closing Costs & Stats

Sandpoint, ID

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.

Sandpoint's 2 lenders originated 2 USDA loans during 2022. The total origination value was $820,000, with an average USDA loan value of $410,000.

Sandpoint USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Sandpoint averaged 6.54% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Sandpoint's average USDA mortgage closing costs are $7,281.

The average rate for the prior week (2024-02-23) was 6.19% and one month ago for the week of 2024-01-26, the average rate was 5.95%.

The average rate one year ago was 6.22%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.28%.

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

Sandpoint 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 Sandpoint level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Sierra Pacific Mortgage Company, Inc. 1 4.63% $13,449
UNITED WHOLESALE MORTGAGE, LLC 1 4.13% $24,405

The top Sandpoint USDA lender as defined by loan originations is Sierra Pacific Mortgage Company, Inc., with 1 USDA loans originated. Their average total fees are $13,449, which is $10,957 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sandpoint (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 $359,250 (-2.6%) $529,361 (-7.4%) 0.00 361
2018-02-01 $359,000 (2.6%) $540,038 (-2.6%) 0.00 370
2018-03-01 $369,000 (-0.8%) $571,746 (0.2%) 0.00 403
2018-04-01 $377,000 (4.1%) $570,435 (0.4%) 0.00 441
2018-05-01 $379,000 (4.1%) $574,695 (4.1%) 0.00 514
2018-06-01 $395,500 (7.7%) $592,223 (7.4%) 0.00 606
2018-07-01 $398,000 (6.1%) $596,923 (8.8%) 0.00 640
2018-08-01 $425,000 (9.3%) $629,462 (11.3%) 0.00 715
2018-09-01 $399,900 (9.6%) $653,240 (15.2%) 0.00 612
2018-10-01 $397,625 (8.7%) $640,390 (14.7%) 0.00 562
2018-11-01 $397,225 (7.7%) $640,182 (16.3%) 0.00 490
2018-12-01 $399,000 (8.1%) $683,261 (27.8%) 0.00 429
2019-01-01 $404,500 (12.6%) $791,479 (49.5%) 0.00 342
2019-02-01 $436,150 (21.5%) $865,671 (60.3%) 0.00 306
2019-03-01 $449,386 (21.8%) $859,009 (50.2%) 0.00 317
2019-04-01 $449,950 (19.4%) $809,459 (41.9%) 0.00 349
2019-05-01 $453,675 (19.7%) $786,170 (36.8%) 0.00 404
2019-06-01 $449,900 (13.8%) $762,387 (28.7%) 0.00 481
2019-07-01 $450,000 (13.1%) $739,031 (23.8%) 0.00 555
2019-08-01 $466,018 (9.7%) $758,561 (20.5%) 0.00 526
2019-09-01 $467,695 (17.0%) $777,293 (19.0%) 0.00 467
2019-10-01 $469,415 (18.1%) $802,431 (25.3%) 0.00 412
2019-11-01 $479,000 (20.6%) $835,019 (30.4%) 0.00 361
2019-12-01 $527,450 (32.2%) $899,823 (31.7%) 0.00 337
2020-01-01 $548,000 (35.5%) $919,337 (16.2%) 0.00 282
2020-02-01 $529,000 (21.3%) $928,983 (7.3%) 0.00 274
2020-03-01 $546,475 (21.6%) $961,167 (11.9%) 0.00 271
2020-04-01 $525,750 (16.9%) $918,457 (13.5%) 0.00 306
2020-05-01 $529,700 (16.8%) $905,981 (15.2%) 0.00 326
2020-06-01 $554,500 (23.3%) $906,796 (18.9%) 0.00 352
2020-07-01 $576,311 (28.1%) $965,398 (30.6%) 0.00 342
2020-08-01 $597,000 (28.1%) $1,045,947 (37.9%) 0.00 300
2020-09-01 $594,500 (27.1%) $1,069,877 (37.6%) 0.00 234
2020-10-01 $634,000 (35.1%) $1,155,678 (44.0%) 0.00 197
2020-11-01 $684,225 (42.8%) $1,411,443 (69.0%) 0.00 149
2020-12-01 $779,500 (47.8%) $1,615,612 (79.6%) 0.00 120
2021-01-01 $813,000 (48.4%) $1,771,993 (92.8%) 0.00 87
2021-02-01 $794,225 (50.1%) $1,855,868 (99.8%) 0.00 78
2021-03-01 $698,225 (27.8%) $1,811,959 (88.5%) 0.00 76
2021-04-01 $696,225 (32.4%) $1,734,015 (88.8%) 0.00 93
2021-05-01 $726,000 (37.1%) $1,529,108 (68.8%) 0.00 134
2021-06-01 $764,925 (38.0%) $1,279,522 (41.1%) 0.00 190
2021-07-01 $707,500 (22.8%) $1,114,574 (15.5%) 0.00 277
2021-08-01 $750,000 (25.6%) $1,115,062 (6.6%) 0.00 284
2021-09-01 $749,675 (26.1%) $1,178,106 (10.1%) 0.00 287
2021-10-01 $748,500 (18.1%) $1,291,544 (11.8%) 0.00 232
2021-11-01 $739,700 (8.1%) $1,265,178 (-10.4%) 0.00 167
2021-12-01 $742,000 (-4.8%) $1,321,001 (-18.2%) 0.00 133
2022-01-01 $799,000 (-1.7%) $1,365,300 (-23.0%) 0.00 83
2022-02-01 $905,725 (14.0%) $1,337,696 (-27.9%) 0.00 88
2022-03-01 $969,225 (38.8%) $1,353,402 (-25.3%) 0.00 105
2022-04-01 $875,000 (25.7%) $1,247,237 (-28.1%) 0.00 142
2022-05-01 $839,450 (15.6%) $1,247,709 (-18.4%) 0.00 242
2022-06-01 $832,000 (8.8%) $1,218,526 (-4.8%) 0.00 370
2022-07-01 $799,900 (13.1%) $1,245,680 (11.8%) 0.00 465
2022-08-01 $825,000 (10.0%) $1,244,957 (11.7%) 0.00 498
2022-09-01 $817,000 (9.0%) $1,254,952 (6.5%) 0.00 471
2022-10-01 $799,000 (6.8%) $1,221,161 (-5.5%) 0.00 438
2022-11-01 $799,500 (8.1%) $1,190,100 (-5.9%) 0.00 366
2022-12-01 $799,999 (7.8%) $1,207,057 (-8.6%) 0.00 324
2023-01-01 $842,450 (5.4%) $1,233,379 (-9.7%) 0.00 269
2023-02-01 $849,000 (-6.3%) $1,254,051 (-6.3%) 0.00 264
2023-03-01 $849,700 (-12.3%) $1,280,440 (-5.4%) 0.00 258
2023-04-01 $864,900 (-1.2%) $1,296,628 (4.0%) 0.00 256
2023-05-01 $797,000 (-5.1%) $1,208,488 (-3.1%) 0.00 343
2023-06-01 $796,250 (-4.3%) $1,222,987 (0.4%) 0.00 450
2023-07-01 $775,000 (-3.1%) $1,208,448 (-3.0%) 0.00 512
2023-08-01 $768,000 (-6.9%) $1,198,275 (-3.8%) 0.00 527
2023-09-01 $772,500 (-5.5%) $1,199,022 (-4.5%) 0.00 491
2023-10-01 $787,500 (-1.4%) $1,222,004 (0.1%) 0.00 446
2023-11-01 $792,000 (-0.9%) $1,274,611 (7.1%) 0.00 369
2023-12-01 $829,000 (3.6%) $1,250,608 (3.6%) 0.00 328
2024-01-01 $829,500 (-1.5%) $1,253,142 (1.6%) 0.00 309
Sandpoint's median listing price for 2024-01-01 was $829,500, a difference of $-12,950 (-1.5%) versus the prior year and $500 versus the prior month.

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

Sandpoint's average listing price for 2024-01-01 was $1,253,142, a difference of $19,763 (1.6%) versus the prior year and $2,534 versus the prior month.

For the 2024-01-01 period, Sandpoint had 309 MLS listings, a difference of -19 listings (-6%) versus the prior month and 40 listings (15%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sandpoint (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,868 sqft
2018-02-01 0 days 1,854 sqft
2018-03-01 0 days 1,876 sqft
2018-04-01 0 days 1,884 sqft
2018-05-01 0 days 1,886 sqft
2018-06-01 0 days 1,914 sqft
2018-07-01 0 days 1,926 sqft
2018-08-01 0 days 1,959 sqft
2018-09-01 0 days 2,050 sqft
2018-10-01 0 days 2,023 sqft
2018-11-01 0 days 2,033 sqft
2018-12-01 0 days 2,056 sqft
2019-01-01 0 days 2,033 sqft
2019-02-01 0 days 2,076 sqft
2019-03-01 0 days 2,069 sqft
2019-04-01 0 days 2,017 sqft
2019-05-01 0 days 2,080 sqft
2019-06-01 0 days 2,050 sqft
2019-07-01 0 days 1,988 sqft
2019-08-01 0 days 2,041 sqft
2019-09-01 0 days 2,122 sqft
2019-10-01 0 days 2,211 sqft
2019-11-01 0 days 2,112 sqft
2019-12-01 0 days 1,964 sqft
2020-01-01 0 days 1,899 sqft
2020-02-01 0 days 1,897 sqft
2020-03-01 0 days 1,990 sqft
2020-04-01 0 days 1,970 sqft
2020-05-01 0 days 2,025 sqft
2020-06-01 0 days 2,065 sqft
2020-07-01 0 days 2,140 sqft
2020-08-01 0 days 2,100 sqft
2020-09-01 0 days 2,075 sqft
2020-10-01 0 days 2,216 sqft
2020-11-01 0 days 2,325 sqft
2020-12-01 0 days 2,339 sqft
2021-01-01 0 days 2,240 sqft
2021-02-01 0 days 2,256 sqft
2021-03-01 0 days 2,176 sqft
2021-04-01 0 days 2,109 sqft
2021-05-01 0 days 2,139 sqft
2021-06-01 0 days 2,009 sqft
2021-07-01 0 days 2,010 sqft
2021-08-01 0 days 2,020 sqft
2021-09-01 0 days 2,032 sqft
2021-10-01 0 days 2,001 sqft
2021-11-01 0 days 1,936 sqft
2021-12-01 0 days 1,967 sqft
2022-01-01 0 days 2,000 sqft
2022-02-01 0 days 1,983 sqft
2022-03-01 0 days 2,071 sqft
2022-04-01 0 days 1,988 sqft
2022-05-01 0 days 1,921 sqft
2022-06-01 0 days 1,877 sqft
2022-07-01 0 days 1,907 sqft
2022-08-01 0 days 1,958 sqft
2022-09-01 0 days 2,000 sqft
2022-10-01 0 days 2,027 sqft
2022-11-01 0 days 1,982 sqft
2022-12-01 0 days 1,867 sqft
2023-01-01 0 days 1,858 sqft
2023-02-01 0 days 1,888 sqft
2023-03-01 0 days 1,900 sqft
2023-04-01 0 days 2,000 sqft
2023-05-01 0 days 1,999 sqft
2023-06-01 0 days 2,012 sqft
2023-07-01 0 days 1,936 sqft
2023-08-01 0 days 1,914 sqft
2023-09-01 0 days 1,936 sqft
2023-10-01 0 days 2,016 sqft
2023-11-01 0 days 2,021 sqft
2023-12-01 0 days 2,016 sqft
2024-01-01 0 days 2,004 sqft
Sandpoint's median listing age (time on market) for 2024-01-01 was 0 days.

Sandpoint's median square footage for active listings during the 2024-01-01 period was 2,004 sqft. One year prior, the average listing was 1,858 sqft.