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%.

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 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. Louis
Date 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 for 2022-12-01 was $799,000, a difference of $57,000 (7.7%) versus the prior year and $0 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-12-01 was 0 days.

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.