Seattle USDA Loan Rates, Closing Costs & Stats

Seattle-Tacoma-Bellevue, WA

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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.

    Seattle's 42 lenders originated 268 USDA loans during 2021. The total origination value was $130,710,000, with an average USDA loan value of $487,724.

    Seattle USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Seattle averaged 0.14% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

    Seattle's average USDA mortgage closing costs are $8,799.

    The average rate for the prior week (2022-11-18) was 6.59% and one month ago for the week of 2022-10-21, the average rate was 6.7%.

    The average rate one year ago was 3.24%.

    For refis of the same type during the week of 2022-11-25, the average rate was -0.05%.

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

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    LOANDEPOT.COM, LLC 33 3.17% $9,231
    AMERICAN PACIFIC MORTGAGE CORPORATION 22 2.82% $10,001
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 18 3.07% $12,133
    CALIBER HOME LOANS, INC. 11 2.68% $9,408
    PREMIER MORTGAGE RESOURCES, L.L.C. 9 2.99% $8,966
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.16% $10,792
    CROSSCOUNTRY MORTGAGE, LLC 6 3.12% $10,710
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 2.91% $9,759
    UNITED WHOLESALE MORTGAGE, LLC 4 2.58% $14,701
    PENNYMAC LOAN SERVICES, LLC 4 2.78% $7,159
    NEWREZ LLC 4 2.69% $6,303
    LEADERONE FINANCIAL CORPORATION 4 2.81% $7,569
    GUILD MORTGAGE COMPANY 4 2.84% $7,939
    CORNERSTONE HOME LENDING, INC. 3 2.96% $9,839
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.63% $8,694
    1st Security Bank of Washington 3 2.79% $9,582
    First Home Bank 3 2.79% $9,543
    HOME POINT FINANCIAL CORPORATION 3 2.58% $9,663
    MOVEMENT MORTGAGE, LLC 3 3.04% $9,474
    Victorian Finance, LLC 3 2.75% $8,149
    TOP FLITE FINANCIAL, INC. 2 2.75% $8,848
    AMERICAN FINANCIAL NETWORK, INC. 2 3.00% $14,230
    GENEVA FINANCIAL, LLC 2 3.25% $9,531
    Paramount Residential Mortgage Group, Inc. 2 3.00% $7,894
    EAGLE HOME MORTGAGE, LLC 2 2.75% $7,379
    CMG MORTGAGE, INC. 1 3.38% $12,221
    LENDUS, LLC 1 2.25% $4,060
    CITYWIDE HOME LOANS, LLC 1 3.38% $16,085
    MANN FINANCIAL INC. 1 2.75% $8,037
    MORTGAGE MASTER SERVICE CORPORATION 1 2.75% $4,834
    V.I.P. MORTGAGE, INC. 1 2.63% $10,692
    DAS Acquisition Company, LLC 1 2.50% $4,931
    Carrington Mortgage Services, LLC 1 2.63% $13,902
    BAY EQUITY LLC 1 2.88% $18,137
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $11,218
    RANLIFE, INC. 1 3.00% $7,871
    GUARANTEED RATE, INC. 1 2.88% $8,803
    CELEBRITY HOME LOANS, LLC 1 2.25% $18,767
    Wallick & Volk, Inc. 1 3.00% $9,152
    HomeStreet Bank 1 3.00% $9,422
    INTERCAP LENDING INC. 1 3.13% $9,213
    LAKEVIEW LOAN SERVICING, LLC 1 3.50% $2,825

    The top Seattle USDA lender as defined by loan originations is LOANDEPOT.COM, LLC, with 33 USDA loans originated. Their average total fees are $9,231, which is $770 lower than the next largest lender, AMERICAN PACIFIC MORTGAGE CORPORATION.

    The lowest fee Seattle USDA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC ($9,231), CALIBER HOME LOANS, INC. ($9,408), AMERICAN PACIFIC MORTGAGE CORPORATION ($10,001), EVERGREEN MONEYSOURCE MORTGAGE COMPANY ($12,133) and .

    The lowest rate Seattle USDA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. (2.68%), AMERICAN PACIFIC MORTGAGE CORPORATION (2.82%), EVERGREEN MONEYSOURCE MORTGAGE COMPANY (3.07%), LOANDEPOT.COM, LLC (3.17%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Seattle (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 $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%) $860,439 (9.9%) 1.91 4,776
    2018-06-01 $575,000 (15.0%) $858,001 (10.4%) 1.92 5,926
    2018-07-01 $565,925 (13.3%) $823,717 (7.1%) 1.89 7,217
    2018-08-01 $550,971 (13.0%) $794,974 (6.7%) 1.84 8,156
    2018-09-01 $549,950 (12.5%) $784,270 (4.8%) 1.85 9,206
    2018-10-01 $552,500 (12.8%) $782,006 (3.0%) 1.87 9,384
    2018-11-01 $549,998 (11.7%) $781,745 (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%) 2.00 5,429
    2019-03-01 $608,423 (10.6%) $873,910 (2.1%) 1.99 5,655
    2019-04-01 $627,450 (12.1%) $899,040 (4.5%) 1.99 5,935
    2019-05-01 $623,714 (9.1%) $881,336 (2.4%) 1.95 7,098
    2019-06-01 $614,950 (7.0%) $859,290 (0.2%) 1.92 7,808
    2019-07-01 $599,995 (6.0%) $850,205 (3.2%) 1.88 7,785
    2019-08-01 $595,836 (8.1%) $841,677 (5.9%) 1.89 8,178
    2019-09-01 $589,741 (7.2%) $834,128 (6.4%) 1.89 8,311
    2019-10-01 $585,677 (6.0%) $829,095 (6.0%) 1.89 8,319
    2019-11-01 $579,000 (5.3%) $833,861 (6.7%) 1.90 6,741
    2019-12-01 $579,950 (5.5%) $846,246 (7.2%) 1.93 4,770
    2020-01-01 $587,500 (4.5%) $866,985 (6.1%) 1.96 3,868
    2020-02-01 $599,900 (1.0%) $889,351 (3.5%) 1.96 3,792
    2020-03-01 $606,495 (-0.3%) $882,093 (0.9%) 1.90 4,301
    2020-04-01 $599,950 (-4.4%) $850,981 (-5.4%) 1.88 4,890
    2020-05-01 $607,300 (-2.6%) $859,836 (-2.4%) 1.85 5,650
    2020-06-01 $621,495 (1.1%) $887,285 (3.3%) 1.83 5,730
    2020-07-01 $627,000 (4.5%) $895,943 (5.4%) 1.82 5,736
    2020-08-01 $625,000 (4.9%) $885,058 (5.2%) 1.79 5,960
    2020-09-01 $624,998 (6.0%) $885,190 (6.1%) 1.79 6,060
    2020-10-01 $619,990 (5.9%) $890,063 (7.4%) 1.78 5,839
    2020-11-01 $626,475 (8.2%) $922,227 (10.6%) 1.83 4,130
    2020-12-01 $624,975 (7.8%) $930,546 (10.0%) 1.86 3,093
    2021-01-01 $636,500 (8.3%) $958,413 (10.6%) 1.90 2,425
    2021-02-01 $648,500 (8.1%) $953,127 (7.2%) 1.89 2,220
    2021-03-01 $652,500 (7.6%) $923,949 (4.8%) 1.85 2,585
    2021-04-01 $669,963 (11.7%) $940,235 (10.5%) 1.81 2,764
    2021-05-01 $679,700 (11.9%) $945,967 (10.0%) 1.80 2,938
    2021-06-01 $682,500 (9.8%) $944,464 (6.4%) 1.80 3,425
    2021-07-01 $689,950 (10.0%) $943,488 (5.3%) 1.82 3,641
    2021-08-01 $674,975 (8.0%) $912,251 (3.1%) 1.80 3,751
    2021-09-01 $675,000 (8.0%) $918,559 (3.8%) 1.80 3,744
    2021-10-01 $675,000 (8.9%) $939,515 (5.6%) 1.80 3,323
    2021-11-01 $674,995 (7.7%) $947,503 (2.7%) 1.80 2,510
    2021-12-01 $662,500 (6.0%) $933,523 (0.3%) 1.80 1,659
    2022-01-01 $685,000 (7.6%) $1,001,255 (4.5%) 1.85 1,316
    2022-02-01 $722,450 (11.4%) $1,051,000 (10.3%) 1.88 1,540
    2022-03-01 $749,950 (14.9%) $1,075,895 (16.5%) 1.88 1,868
    2022-04-01 $799,900 (19.4%) $1,128,637 (20.0%) 1.91 2,208
    2022-05-01 $824,985 (21.4%) $1,161,901 (22.8%) 1.89 3,972
    2022-06-01 $802,248 (17.6%) $1,135,792 (20.3%) 1.79 5,458
    2022-07-01 $789,950 (14.5%) $1,083,574 (14.9%) 1.79 6,959
    2022-08-01 $774,975 (14.8%) $1,075,489 (17.9%) 1.79 6,960
    2022-09-01 $762,450 (13.0%) $1,078,900 (17.5%) 1.78 6,691
    2022-10-01 $750,000 (11.1%) $1,060,904 (12.9%) 1.76 6,697
    Seattle's median listing price for 2022-10-01 was $750,000, a difference of $75,000 (11.1%) versus the prior year and $-12,450 versus the prior month.

    Seattle's median listing price comes in at 176% of the national average.

    Seattle's average listing price for 2022-10-01 was $1,060,904, a difference of $121,389 (12.9%) versus the prior year and $-17,996 versus the prior month.

    For the 2022-10-01 period, Seattle had 6,697 MLS listings, a difference of 6 listings (0%) versus the prior month and 3,374 listings (102%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Seattle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 45 days 2,184 sqft
    2018-02-01 27 days 2,179 sqft
    2018-03-01 22 days 2,172 sqft
    2018-04-01 23 days 2,153 sqft
    2018-05-01 19 days 2,180 sqft
    2018-06-01 23 days 2,180 sqft
    2018-07-01 29 days 2,136 sqft
    2018-08-01 31 days 2,105 sqft
    2018-09-01 36 days 2,041 sqft
    2018-10-01 38 days 2,036 sqft
    2018-11-01 46 days 2,018 sqft
    2018-12-01 60 days 2,040 sqft
    2019-01-01 65 days 2,085 sqft
    2019-02-01 44 days 2,142 sqft
    2019-03-01 33 days 2,137 sqft
    2019-04-01 25 days 2,160 sqft
    2019-05-01 28 days 2,118 sqft
    2019-06-01 32 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 44 days 2,045 sqft
    2019-11-01 51 days 2,020 sqft
    2019-12-01 63 days 2,043 sqft
    2020-01-01 68 days 2,051 sqft
    2020-02-01 33 days 2,065 sqft
    2020-03-01 24 days 2,089 sqft
    2020-04-01 31 days 2,077 sqft
    2020-05-01 36 days 2,054 sqft
    2020-06-01 33 days 2,038 sqft
    2020-07-01 31 days 2,010 sqft
    2020-08-01 31 days 1,920 sqft
    2020-09-01 34 days 1,840 sqft
    2020-10-01 36 days 1,776 sqft
    2020-11-01 42 days 1,712 sqft
    2020-12-01 50 days 1,689 sqft
    2021-01-01 44 days 1,664 sqft
    2021-02-01 31 days 1,680 sqft
    2021-03-01 24 days 1,748 sqft
    2021-04-01 24 days 1,773 sqft
    2021-05-01 22 days 1,800 sqft
    2021-06-01 20 days 1,819 sqft
    2021-07-01 24 days 1,824 sqft
    2021-08-01 27 days 1,825 sqft
    2021-09-01 29 days 1,855 sqft
    2021-10-01 33 days 1,845 sqft
    2021-11-01 36 days 1,825 sqft
    2021-12-01 40 days 1,793 sqft
    2022-01-01 37 days 1,790 sqft
    2022-02-01 17 days 1,818 sqft
    2022-03-01 18 days 1,887 sqft
    2022-04-01 17 days 1,963 sqft
    2022-05-01 16 days 2,067 sqft
    2022-06-01 22 days 2,050 sqft
    2022-07-01 28 days 2,041 sqft
    2022-08-01 34 days 2,030 sqft
    2022-09-01 40 days 2,014 sqft
    2022-10-01 39 days 1,974 sqft
    Seattle's median listing age (time on market) for 2022-10-01 was 39 days. This is 18% longer than the same period one year ago.

    Seattle's median square footage for active listings during the 2022-10-01 period was 1,974 sqft. One year prior, the average listing was 1,845 sqft.