Sandpoint USDA Loan Rates, Closing Costs & Stats

Sandpoint, ID

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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.

    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.