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 3 lenders originated 6 USDA loans during 2021. The total origination value was $2,600,000, with an average USDA loan value of $433,333.
Sandpoint USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Sandpoint
averaged
6.05%
for the week of 2023-01-27, compared to the national average (all USDA variants) of
6.195% for the same period.
Sandpoint's average USDA mortgage closing costs are $6,615.
The average rate for the prior week (2023-01-20) was
6.14% and
one month ago for the week of 2022-12-23, the
average rate was 6.27%.
The average rate one year ago was 3.82%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6%.
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 | 2021 Avg. 30yFix Rate | 2021 Avg. Closing Costs |
---|---|---|---|
AMERICAN PACIFIC MORTGAGE CORPORATION | 3 | 2.96% | $10,173 |
EVERGREEN MONEYSOURCE MORTGAGE COMPANY | 1 | 3.50% | $7,586 |
Willamette Valley Bank | 1 | 3.38% | $5,892 |
The top Sandpoint USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with
3 USDA loans originated. Their average total fees are
$10,173, which is $2,587
higher than the next largest lender,
EVERGREEN MONEYSOURCE MORTGAGE COMPANY.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $361,500 (-2.0%) | $528,983 (-7.4%) | 0.00 | 362 |
2018-02-01 | $359,125 (2.0%) | $539,315 (-2.7%) | 0.00 | 371 |
2018-03-01 | $369,000 (-0.8%) | $571,728 (0.2%) | 0.00 | 403 |
2018-04-01 | $378,000 (3.1%) | $570,034 (0.3%) | 0.00 | 442 |
2018-05-01 | $379,395 (4.2%) | $574,526 (4.2%) | 0.00 | 516 |
2018-06-01 | $395,000 (7.5%) | $591,708 (7.7%) | 0.00 | 609 |
2018-07-01 | $397,350 (5.7%) | $596,366 (9.0%) | 0.00 | 642 |
2018-08-01 | $425,000 (9.3%) | $629,074 (11.3%) | 0.00 | 717 |
2018-09-01 | $399,900 (9.6%) | $652,285 (15.1%) | 0.00 | 615 |
2018-10-01 | $398,250 (8.4%) | $639,757 (14.6%) | 0.00 | 566 |
2018-11-01 | $397,725 (7.7%) | $639,342 (16.3%) | 0.00 | 492 |
2018-12-01 | $399,000 (8.1%) | $683,067 (28.1%) | 0.00 | 430 |
2019-01-01 | $405,750 (12.2%) | $790,935 (49.5%) | 0.00 | 343 |
2019-02-01 | $437,300 (21.8%) | $863,036 (60.0%) | 0.00 | 308 |
2019-03-01 | $449,193 (21.7%) | $856,101 (49.7%) | 0.00 | 318 |
2019-04-01 | $449,725 (19.0%) | $808,541 (41.8%) | 0.00 | 350 |
2019-05-01 | $450,000 (18.6%) | $783,531 (36.4%) | 0.00 | 406 |
2019-06-01 | $449,450 (13.8%) | $760,174 (28.5%) | 0.00 | 483 |
2019-07-01 | $449,975 (13.2%) | $736,971 (23.6%) | 0.00 | 557 |
2019-08-01 | $462,455 (8.8%) | $757,052 (20.3%) | 0.00 | 527 |
2019-09-01 | $466,136 (16.6%) | $776,043 (19.0%) | 0.00 | 468 |
2019-10-01 | $469,415 (17.9%) | $801,367 (25.3%) | 0.00 | 412 |
2019-11-01 | $478,000 (20.2%) | $832,616 (30.2%) | 0.00 | 361 |
2019-12-01 | $527,000 (32.1%) | $896,812 (31.3%) | 0.00 | 339 |
2020-01-01 | $541,000 (33.3%) | $914,162 (15.6%) | 0.00 | 284 |
2020-02-01 | $529,000 (21.0%) | $925,960 (7.3%) | 0.00 | 275 |
2020-03-01 | $544,225 (21.2%) | $957,269 (11.8%) | 0.00 | 273 |
2020-04-01 | $524,000 (16.5%) | $914,254 (13.1%) | 0.00 | 309 |
2020-05-01 | $529,000 (17.6%) | $901,331 (15.0%) | 0.00 | 328 |
2020-06-01 | $549,750 (22.3%) | $903,954 (18.9%) | 0.00 | 353 |
2020-07-01 | $570,000 (26.7%) | $958,677 (30.1%) | 0.00 | 348 |
2020-08-01 | $596,000 (28.9%) | $1,055,203 (39.4%) | 0.00 | 304 |
2020-09-01 | $593,200 (27.3%) | $1,078,129 (38.9%) | 0.00 | 239 |
2020-10-01 | $634,000 (35.1%) | $1,166,716 (45.6%) | 0.00 | 202 |
2020-11-01 | $684,225 (43.1%) | $1,403,268 (68.5%) | 0.00 | 151 |
2020-12-01 | $774,250 (46.9%) | $1,592,753 (77.6%) | 0.00 | 122 |
2021-01-01 | $800,000 (47.9%) | $1,740,518 (90.4%) | 0.00 | 90 |
2021-02-01 | $789,450 (49.2%) | $1,815,194 (96.0%) | 0.00 | 81 |
2021-03-01 | $699,225 (28.5%) | $1,775,569 (85.5%) | 0.00 | 79 |
2021-04-01 | $696,225 (32.9%) | $1,713,123 (87.4%) | 0.00 | 95 |
2021-05-01 | $726,000 (37.2%) | $1,519,220 (68.6%) | 0.00 | 136 |
2021-06-01 | $762,450 (38.7%) | $1,274,769 (41.0%) | 0.00 | 192 |
2021-07-01 | $707,500 (24.1%) | $1,119,126 (16.7%) | 0.00 | 279 |
2021-08-01 | $750,000 (25.8%) | $1,119,153 (6.1%) | 0.00 | 286 |
2021-09-01 | $749,900 (26.4%) | $1,184,064 (9.8%) | 0.00 | 289 |
2021-10-01 | $749,000 (18.1%) | $1,298,318 (11.3%) | 0.00 | 234 |
2021-11-01 | $741,950 (8.4%) | $1,274,666 (-9.2%) | 0.00 | 168 |
2021-12-01 | $742,000 (-4.2%) | $1,317,658 (-17.3%) | 0.00 | 135 |
2022-01-01 | $799,000 (-0.1%) | $1,386,408 (-20.4%) | 0.00 | 85 |
2022-02-01 | $870,725 (10.3%) | $1,316,106 (-27.5%) | 0.00 | 90 |
2022-03-01 | $954,500 (36.5%) | $1,333,108 (-24.9%) | 0.00 | 107 |
2022-04-01 | $875,000 (25.7%) | $1,237,886 (-27.7%) | 0.00 | 143 |
2022-05-01 | $838,250 (15.5%) | $1,238,649 (-18.5%) | 0.00 | 244 |
2022-06-01 | $825,000 (8.2%) | $1,212,987 (-4.9%) | 0.00 | 372 |
2022-07-01 | $799,800 (13.1%) | $1,242,712 (11.0%) | 0.00 | 466 |
2022-08-01 | $825,000 (10.0%) | $1,242,529 (11.0%) | 0.00 | 499 |
2022-09-01 | $812,250 (8.3%) | $1,252,389 (5.8%) | 0.00 | 472 |
2022-10-01 | $799,000 (6.7%) | $1,217,311 (-6.2%) | 0.00 | 440 |
2022-11-01 | $799,000 (7.7%) | $1,185,648 (-7.0%) | 0.00 | 368 |
2022-12-01 | $799,000 (7.7%) | $1,202,000 (-8.8%) | 0.00 | 326 |
Sandpoint's median listing price comes in at 0% of the national average.
Sandpoint's average listing price for 2022-12-01 was $1,202,000, a difference of $-115,658 (-8.8%) versus the prior year and $16,352 versus the prior month.
For the 2022-12-01 period, Sandpoint had 326 MLS listings, a difference of -42 listings (-11%) versus the prior month and 191 listings (141%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sandpoint (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,868 sqft |
2018-02-01 | 0 days | 1,851 sqft |
2018-03-01 | 0 days | 1,878 sqft |
2018-04-01 | 0 days | 1,882 sqft |
2018-05-01 | 0 days | 1,885 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 | 2,059 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 | 2,066 sqft |
2019-04-01 | 0 days | 2,015 sqft |
2019-05-01 | 0 days | 2,076 sqft |
2019-06-01 | 0 days | 2,028 sqft |
2019-07-01 | 0 days | 1,987 sqft |
2019-08-01 | 0 days | 2,039 sqft |
2019-09-01 | 0 days | 2,116 sqft |
2019-10-01 | 0 days | 2,199 sqft |
2019-11-01 | 0 days | 2,110 sqft |
2019-12-01 | 0 days | 1,956 sqft |
2020-01-01 | 0 days | 1,893 sqft |
2020-02-01 | 0 days | 1,882 sqft |
2020-03-01 | 0 days | 1,959 sqft |
2020-04-01 | 0 days | 1,957 sqft |
2020-05-01 | 0 days | 2,013 sqft |
2020-06-01 | 0 days | 2,030 sqft |
2020-07-01 | 0 days | 2,094 sqft |
2020-08-01 | 0 days | 2,087 sqft |
2020-09-01 | 0 days | 2,062 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 | 2,244 sqft |
2021-03-01 | 0 days | 2,180 sqft |
2021-04-01 | 0 days | 2,109 sqft |
2021-05-01 | 0 days | 2,139 sqft |
2021-06-01 | 0 days | 2,008 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 | 1,948 sqft |
2021-12-01 | 0 days | 1,961 sqft |
2022-01-01 | 0 days | 1,990 sqft |
2022-02-01 | 0 days | 1,958 sqft |
2022-03-01 | 0 days | 2,043 sqft |
2022-04-01 | 0 days | 1,975 sqft |
2022-05-01 | 0 days | 1,914 sqft |
2022-06-01 | 0 days | 1,870 sqft |
2022-07-01 | 0 days | 1,901 sqft |
2022-08-01 | 0 days | 1,952 sqft |
2022-09-01 | 0 days | 2,000 sqft |
2022-10-01 | 0 days | 2,020 sqft |
2022-11-01 | 0 days | 1,955 sqft |
2022-12-01 | 0 days | 1,865 sqft |
Sandpoint's median square footage for active listings during the 2022-12-01 period was 1,865 sqft. One year prior, the average listing was 1,961 sqft.