Seattle USDA Loan Rates, Closing Costs & Stats
SEATTLE-BELLEVUE-KENT, WA
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.
Seattle USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Seattle
averaged
0%
for the week of 2023-11-03, compared to the national average (all USDA variants) of
7.443% for the same period.
Seattle's average USDA mortgage closing costs are $0.
The average rate for the prior week (2023-10-27) was
0% and
one month ago for the week of 2023-09-29, the
average rate was 0%.
The average rate one year ago was 0%.
For refis of the same type during the week of 2023-11-03, the average rate
was 0%.
Seattle 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 Seattle level.
Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|
The lowest fee Seattle USDA lenders (with over 10 loans originated) are
.
The lowest rate Seattle USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Seattle (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 | $494,878 (13.3%) | $817,476 (17.5%) | 1.83 | 2,935 |
2018-02-01 | $522,475 (13.7%) | $837,160 (12.5%) | 1.90 | 2,977 |
2018-03-01 | $550,000 (14.9%) | $855,943 (13.2%) | 1.93 | 3,291 |
2018-04-01 | $559,975 (12.9%) | $860,533 (10.6%) | 1.90 | 3,916 |
2018-05-01 | $571,500 (14.4%) | $860,415 (9.9%) | 1.91 | 4,776 |
2018-06-01 | $575,000 (15.0%) | $857,750 (10.4%) | 1.92 | 5,926 |
2018-07-01 | $565,925 (13.3%) | $823,615 (7.1%) | 1.89 | 7,217 |
2018-08-01 | $550,483 (12.9%) | $794,782 (6.7%) | 1.84 | 8,155 |
2018-09-01 | $549,950 (12.5%) | $784,101 (4.7%) | 1.85 | 9,205 |
2018-10-01 | $552,500 (12.8%) | $781,837 (3.0%) | 1.87 | 9,383 |
2018-11-01 | $549,998 (11.7%) | $781,663 (0.8%) | 1.86 | 8,294 |
2018-12-01 | $550,000 (11.1%) | $789,581 (-0.7%) | 1.90 | 6,850 |
2019-01-01 | $562,475 (13.7%) | $817,211 (0.0%) | 1.94 | 5,558 |
2019-02-01 | $593,745 (13.6%) | $859,510 (2.7%) | 2.01 | 5,429 |
2019-03-01 | $608,423 (10.6%) | $873,910 (2.1%) | 1.99 | 5,655 |
2019-04-01 | $627,445 (12.1%) | $899,002 (4.5%) | 1.99 | 5,935 |
2019-05-01 | $623,714 (9.1%) | $881,335 (2.4%) | 1.95 | 7,098 |
2019-06-01 | $614,950 (7.0%) | $859,290 (0.2%) | 1.92 | 7,807 |
2019-07-01 | $599,995 (6.0%) | $850,226 (3.2%) | 1.88 | 7,784 |
2019-08-01 | $595,836 (8.2%) | $841,720 (5.9%) | 1.89 | 8,177 |
2019-09-01 | $589,741 (7.2%) | $834,170 (6.4%) | 1.89 | 8,310 |
2019-10-01 | $585,677 (6.0%) | $829,137 (6.1%) | 1.89 | 8,318 |
2019-11-01 | $579,000 (5.3%) | $833,915 (6.7%) | 1.90 | 6,740 |
2019-12-01 | $579,963 (5.5%) | $846,325 (7.2%) | 1.93 | 4,769 |
2020-01-01 | $587,500 (4.5%) | $867,078 (6.1%) | 1.96 | 3,867 |
2020-02-01 | $599,900 (1.0%) | $889,450 (3.5%) | 1.97 | 3,791 |
2020-03-01 | $606,735 (-0.3%) | $882,182 (1.0%) | 1.90 | 4,300 |
2020-04-01 | $599,950 (-4.4%) | $851,056 (-5.3%) | 1.88 | 4,889 |
2020-05-01 | $608,000 (-2.5%) | $859,906 (-2.4%) | 1.85 | 5,649 |
2020-06-01 | $621,498 (1.1%) | $887,354 (3.3%) | 1.83 | 5,729 |
2020-07-01 | $627,000 (4.5%) | $896,012 (5.4%) | 1.82 | 5,735 |
2020-08-01 | $625,000 (4.9%) | $885,121 (5.2%) | 1.79 | 5,959 |
2020-09-01 | $624,999 (6.0%) | $885,251 (6.1%) | 1.79 | 6,059 |
2020-10-01 | $619,990 (5.9%) | $890,134 (7.4%) | 1.78 | 5,838 |
2020-11-01 | $626,725 (8.2%) | $922,318 (10.6%) | 1.83 | 4,129 |
2020-12-01 | $624,975 (7.8%) | $930,668 (10.0%) | 1.86 | 3,092 |
2021-01-01 | $638,000 (8.6%) | $958,591 (10.6%) | 1.90 | 2,424 |
2021-02-01 | $648,625 (8.1%) | $953,436 (7.2%) | 1.89 | 2,219 |
2021-03-01 | $652,500 (7.5%) | $924,093 (4.8%) | 1.85 | 2,584 |
2021-04-01 | $669,975 (11.7%) | $940,369 (10.5%) | 1.81 | 2,763 |
2021-05-01 | $679,900 (11.8%) | $946,099 (10.0%) | 1.81 | 2,937 |
2021-06-01 | $683,725 (10.0%) | $944,535 (6.4%) | 1.80 | 3,425 |
2021-07-01 | $689,950 (10.0%) | $943,656 (5.3%) | 1.82 | 3,642 |
2021-08-01 | $674,975 (8.0%) | $912,385 (3.1%) | 1.80 | 3,753 |
2021-09-01 | $675,000 (8.0%) | $918,542 (3.8%) | 1.80 | 3,744 |
2021-10-01 | $675,000 (8.9%) | $939,780 (5.6%) | 1.80 | 3,324 |
2021-11-01 | $674,995 (7.7%) | $947,493 (2.7%) | 1.80 | 2,510 |
2021-12-01 | $662,500 (6.0%) | $933,599 (0.3%) | 1.80 | 1,659 |
2022-01-01 | $685,000 (7.4%) | $1,001,556 (4.5%) | 1.85 | 1,315 |
2022-02-01 | $722,450 (11.4%) | $1,051,274 (10.3%) | 1.88 | 1,539 |
2022-03-01 | $749,950 (14.9%) | $1,075,899 (16.4%) | 1.88 | 1,867 |
2022-04-01 | $799,950 (19.4%) | $1,128,806 (20.0%) | 1.91 | 2,207 |
2022-05-01 | $824,995 (21.3%) | $1,161,979 (22.8%) | 1.89 | 3,971 |
2022-06-01 | $802,495 (17.4%) | $1,135,816 (20.3%) | 1.79 | 5,457 |
2022-07-01 | $789,950 (14.5%) | $1,083,279 (14.8%) | 1.78 | 6,958 |
2022-08-01 | $774,975 (14.8%) | $1,075,045 (17.8%) | 1.79 | 6,964 |
2022-09-01 | $762,485 (13.0%) | $1,078,753 (17.4%) | 1.78 | 6,694 |
2022-10-01 | $750,000 (11.1%) | $1,060,491 (12.8%) | 1.76 | 6,701 |
2022-11-01 | $737,450 (9.3%) | $1,056,954 (11.6%) | 1.77 | 6,006 |
2022-12-01 | $725,000 (9.4%) | $1,038,782 (11.3%) | 1.79 | 4,558 |
2023-01-01 | $727,000 (6.1%) | $1,042,111 (4.1%) | 1.80 | 3,673 |
2023-02-01 | $749,950 (3.8%) | $1,105,965 (5.2%) | 1.81 | 3,115 |
2023-03-01 | $788,975 (5.2%) | $1,177,386 (9.4%) | 1.86 | 3,105 |
2023-04-01 | $825,000 (3.1%) | $1,236,506 (9.5%) | 1.92 | 3,164 |
2023-05-01 | $822,500 (-0.3%) | $1,235,282 (6.3%) | 1.86 | 3,543 |
2023-06-01 | $824,720 (2.8%) | $1,225,765 (7.9%) | 1.85 | 4,090 |
2023-07-01 | $815,000 (3.2%) | $1,242,311 (14.7%) | 1.85 | 4,267 |
2023-08-01 | $799,475 (3.2%) | $1,226,323 (14.1%) | 1.84 | 4,504 |
2023-09-01 | $799,000 (4.8%) | $1,215,186 (12.7%) | 1.86 | 4,774 |
Seattle's median listing price comes in at 186% of the national average.
Seattle's average listing price for 2023-09-01 was $1,215,186, a difference of $136,433 (12.7%) versus the prior year and $-11,137 versus the prior month.
For the 2023-09-01 period, Seattle had 4,774 MLS listings, a difference of 270 listings (6%) versus the prior month and -1,920 listings (-29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Seattle (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 43 days | 2,183 sqft |
2018-02-01 | 26 days | 2,178 sqft |
2018-03-01 | 22 days | 2,171 sqft |
2018-04-01 | 22 days | 2,153 sqft |
2018-05-01 | 19 days | 2,180 sqft |
2018-06-01 | 22 days | 2,180 sqft |
2018-07-01 | 29 days | 2,136 sqft |
2018-08-01 | 30 days | 2,104 sqft |
2018-09-01 | 36 days | 2,041 sqft |
2018-10-01 | 38 days | 2,035 sqft |
2018-11-01 | 45 days | 2,018 sqft |
2018-12-01 | 59 days | 2,040 sqft |
2019-01-01 | 63 days | 2,085 sqft |
2019-02-01 | 42 days | 2,141 sqft |
2019-03-01 | 33 days | 2,137 sqft |
2019-04-01 | 24 days | 2,160 sqft |
2019-05-01 | 28 days | 2,118 sqft |
2019-06-01 | 31 days | 2,110 sqft |
2019-07-01 | 37 days | 2,110 sqft |
2019-08-01 | 39 days | 2,084 sqft |
2019-09-01 | 41 days | 2,059 sqft |
2019-10-01 | 43 days | 2,046 sqft |
2019-11-01 | 50 days | 2,020 sqft |
2019-12-01 | 61 days | 2,044 sqft |
2020-01-01 | 65 days | 2,052 sqft |
2020-02-01 | 31 days | 2,066 sqft |
2020-03-01 | 23 days | 2,089 sqft |
2020-04-01 | 31 days | 2,075 sqft |
2020-05-01 | 35 days | 2,054 sqft |
2020-06-01 | 31 days | 2,038 sqft |
2020-07-01 | 30 days | 2,009 sqft |
2020-08-01 | 30 days | 1,920 sqft |
2020-09-01 | 33 days | 1,840 sqft |
2020-10-01 | 35 days | 1,778 sqft |
2020-11-01 | 41 days | 1,712 sqft |
2020-12-01 | 48 days | 1,689 sqft |
2021-01-01 | 43 days | 1,664 sqft |
2021-02-01 | 29 days | 1,680 sqft |
2021-03-01 | 23 days | 1,749 sqft |
2021-04-01 | 23 days | 1,774 sqft |
2021-05-01 | 20 days | 1,800 sqft |
2021-06-01 | 20 days | 1,819 sqft |
2021-07-01 | 23 days | 1,827 sqft |
2021-08-01 | 26 days | 1,825 sqft |
2021-09-01 | 29 days | 1,856 sqft |
2021-10-01 | 33 days | 1,846 sqft |
2021-11-01 | 35 days | 1,825 sqft |
2021-12-01 | 39 days | 1,793 sqft |
2022-01-01 | 37 days | 1,792 sqft |
2022-02-01 | 16 days | 1,819 sqft |
2022-03-01 | 17 days | 1,888 sqft |
2022-04-01 | 16 days | 1,964 sqft |
2022-05-01 | 16 days | 2,068 sqft |
2022-06-01 | 22 days | 2,050 sqft |
2022-07-01 | 28 days | 2,040 sqft |
2022-08-01 | 34 days | 2,026 sqft |
2022-09-01 | 39 days | 2,011 sqft |
2022-10-01 | 39 days | 1,970 sqft |
2022-11-01 | 45 days | 1,954 sqft |
2022-12-01 | 59 days | 1,960 sqft |
2023-01-01 | 65 days | 1,950 sqft |
2023-02-01 | 43 days | 1,981 sqft |
2023-03-01 | 32 days | 2,050 sqft |
2023-04-01 | 31 days | 2,030 sqft |
2023-05-01 | 29 days | 2,041 sqft |
2023-06-01 | 29 days | 2,044 sqft |
2023-07-01 | 33 days | 2,041 sqft |
2023-08-01 | 33 days | 2,006 sqft |
2023-09-01 | 37 days | 1,990 sqft |
Seattle's median square footage for active listings during the 2023-09-01 period was 1,990 sqft. One year prior, the average listing was 2,011 sqft.