Shelton USDA Loan Rates, Closing Costs & Stats

Shelton, 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.

Shelton's 5 lenders originated 6 USDA loans during 2022. The total origination value was $1,970,000, with an average USDA loan value of $328,333.

Shelton USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Shelton averaged 6.39% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Shelton's average USDA mortgage closing costs are $6,590.

The average rate for the prior week (2024-02-23) was 6.54% and one month ago for the week of 2024-01-26, the average rate was 6.6%.

The average rate one year ago was 6.16%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.17%.

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

Shelton 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 Shelton level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.25% $6,327
ACADEMY MORTGAGE CORPORATION 1 6.38% $7,940
BROKER SOLUTIONS, INC. 1 5.99% $18,782
CALIBER HOME LOANS, INC. 1 2.75% $10,971
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.75% $9,428

The top Shelton USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 2 USDA loans originated. Their average total fees are $6,327, which is $1,613 lower than the next largest lender, ACADEMY MORTGAGE CORPORATION.

The lowest fee Shelton USDA lenders (with over 10 loans originated) are .

The lowest rate Shelton USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Shelton (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 $238,850 (8.9%) $300,461 (8.9%) 0.00 199
2018-02-01 $243,631 (4.6%) $307,423 (7.1%) 0.00 179
2018-03-01 $259,450 (8.4%) $332,454 (12.4%) 0.00 183
2018-04-01 $274,750 (14.7%) $340,965 (15.6%) 0.00 182
2018-05-01 $296,000 (19.6%) $360,929 (16.6%) 0.00 203
2018-06-01 $295,000 (17.4%) $364,070 (11.1%) 0.00 250
2018-07-01 $297,445 (14.4%) $375,929 (12.0%) 0.00 282
2018-08-01 $299,163 (12.9%) $382,346 (13.4%) 0.00 306
2018-09-01 $299,900 (11.3%) $382,816 (13.2%) 0.00 309
2018-10-01 $292,450 (15.2%) $369,470 (13.7%) 0.00 297
2018-11-01 $299,000 (18.9%) $365,180 (14.2%) 0.00 237
2018-12-01 $302,450 (21.3%) $372,771 (20.2%) 0.00 223
2019-01-01 $294,000 (23.1%) $374,067 (24.5%) 0.00 200
2019-02-01 $306,000 (25.6%) $382,504 (24.4%) 0.00 175
2019-03-01 $315,136 (21.5%) $404,239 (21.6%) 0.00 164
2019-04-01 $329,075 (19.8%) $431,834 (26.7%) 0.00 168
2019-05-01 $329,248 (11.2%) $408,478 (13.2%) 0.00 206
2019-06-01 $329,000 (11.5%) $397,043 (9.1%) 0.00 241
2019-07-01 $337,000 (13.3%) $410,046 (9.1%) 0.00 243
2019-08-01 $332,273 (11.1%) $408,988 (7.0%) 0.00 254
2019-09-01 $328,182 (9.4%) $409,310 (6.9%) 0.00 258
2019-10-01 $325,000 (11.1%) $408,273 (10.5%) 0.00 252
2019-11-01 $314,975 (5.3%) $382,159 (4.7%) 0.00 217
2019-12-01 $299,125 (-1.1%) $384,226 (3.1%) 0.00 181
2020-01-01 $311,250 (5.9%) $386,223 (3.3%) 0.00 163
2020-02-01 $300,000 (-2.0%) $377,848 (-1.2%) 0.00 152
2020-03-01 $329,750 (4.6%) $405,688 (0.4%) 0.00 176
2020-04-01 $333,500 (1.3%) $406,435 (-5.9%) 0.00 189
2020-05-01 $349,000 (6.0%) $430,189 (5.3%) 0.00 187
2020-06-01 $376,550 (14.5%) $444,571 (12.0%) 0.00 174
2020-07-01 $386,500 (14.7%) $445,455 (8.6%) 0.00 166
2020-08-01 $359,750 (8.3%) $444,776 (8.8%) 0.00 147
2020-09-01 $363,750 (10.8%) $455,886 (11.4%) 0.00 129
2020-10-01 $350,000 (7.7%) $455,281 (11.5%) 0.00 117
2020-11-01 $337,250 (7.1%) $441,803 (15.6%) 0.00 73
2020-12-01 $344,748 (15.3%) $397,649 (3.5%) 0.00 59
2021-01-01 $326,250 (4.8%) $392,237 (1.6%) 0.00 40
2021-02-01 $381,975 (27.3%) $453,077 (19.9%) 0.00 41
2021-03-01 $332,000 (0.7%) $415,918 (2.5%) 0.00 47
2021-04-01 $385,738 (15.7%) $448,635 (10.4%) 0.00 58
2021-05-01 $390,000 (11.8%) $452,186 (5.1%) 0.00 62
2021-06-01 $383,000 (1.7%) $511,775 (15.1%) 0.00 75
2021-07-01 $432,000 (11.8%) $539,807 (21.2%) 0.00 82
2021-08-01 $432,125 (20.1%) $552,748 (24.3%) 0.00 88
2021-09-01 $429,500 (18.1%) $553,262 (21.4%) 0.00 104
2021-10-01 $445,000 (27.1%) $569,288 (25.0%) 0.00 80
2021-11-01 $474,500 (40.7%) $580,783 (31.5%) 0.00 70
2021-12-01 $482,500 (40.0%) $645,326 (62.3%) 0.00 55
2022-01-01 $480,000 (47.1%) $691,080 (76.2%) 0.00 40
2022-02-01 $493,500 (29.2%) $746,056 (64.7%) 0.00 49
2022-03-01 $502,450 (51.3%) $690,510 (66.0%) 0.00 51
2022-04-01 $500,000 (29.6%) $688,261 (53.4%) 0.00 72
2022-05-01 $519,063 (33.1%) $719,964 (59.2%) 0.00 97
2022-06-01 $507,375 (32.5%) $665,538 (30.1%) 0.00 138
2022-07-01 $499,000 (15.5%) $637,957 (18.2%) 0.00 177
2022-08-01 $497,000 (15.0%) $615,561 (11.4%) 0.00 212
2022-09-01 $488,750 (13.8%) $606,762 (9.7%) 0.00 206
2022-10-01 $475,000 (6.7%) $601,346 (5.6%) 0.00 197
2022-11-01 $475,225 (0.2%) $611,543 (5.3%) 0.00 188
2022-12-01 $472,000 (-2.2%) $587,339 (-9.0%) 0.00 152
2023-01-01 $475,000 (-1.0%) $639,236 (-7.5%) 0.00 129
2023-02-01 $473,875 (-4.0%) $701,078 (-6.0%) 0.00 101
2023-03-01 $499,475 (-0.6%) $740,022 (7.2%) 0.00 106
2023-04-01 $521,500 (4.3%) $797,945 (15.9%) 0.00 105
2023-05-01 $502,188 (-3.3%) $710,318 (-1.3%) 0.00 121
2023-06-01 $498,750 (-1.7%) $701,329 (5.4%) 0.00 142
2023-07-01 $512,475 (2.7%) $687,760 (7.8%) 0.00 160
2023-08-01 $505,000 (1.6%) $678,603 (10.2%) 0.00 153
2023-09-01 $530,000 (8.4%) $695,637 (14.7%) 0.00 149
2023-10-01 $499,983 (5.3%) $648,693 (7.9%) 0.00 160
2023-11-01 $473,712 (-0.3%) $601,230 (-1.7%) 0.00 178
2023-12-01 $472,725 (0.2%) $594,883 (1.3%) 0.00 160
2024-01-01 $463,663 (-2.4%) $592,976 (-7.2%) 0.00 124
Shelton's median listing price for 2024-01-01 was $463,663, a difference of $-11,337 (-2.4%) versus the prior year and $-9,062 versus the prior month.

Shelton's median listing price comes in at 0% of the national average.

Shelton's average listing price for 2024-01-01 was $592,976, a difference of $-46,260 (-7.2%) versus the prior year and $-1,907 versus the prior month.

For the 2024-01-01 period, Shelton had 124 MLS listings, a difference of -36 listings (-23%) versus the prior month and -5 listings (-4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Shelton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,636 sqft
2018-02-01 0 days 1,598 sqft
2018-03-01 0 days 1,626 sqft
2018-04-01 0 days 1,599 sqft
2018-05-01 0 days 1,598 sqft
2018-06-01 0 days 1,680 sqft
2018-07-01 0 days 1,728 sqft
2018-08-01 0 days 1,750 sqft
2018-09-01 0 days 1,780 sqft
2018-10-01 0 days 1,763 sqft
2018-11-01 0 days 1,770 sqft
2018-12-01 0 days 1,840 sqft
2019-01-01 0 days 1,782 sqft
2019-02-01 0 days 1,785 sqft
2019-03-01 0 days 1,779 sqft
2019-04-01 0 days 1,766 sqft
2019-05-01 0 days 1,758 sqft
2019-06-01 0 days 1,758 sqft
2019-07-01 0 days 1,786 sqft
2019-08-01 0 days 1,767 sqft
2019-09-01 0 days 1,749 sqft
2019-10-01 0 days 1,730 sqft
2019-11-01 0 days 1,683 sqft
2019-12-01 0 days 1,682 sqft
2020-01-01 0 days 1,706 sqft
2020-02-01 0 days 1,666 sqft
2020-03-01 0 days 1,657 sqft
2020-04-01 0 days 1,680 sqft
2020-05-01 0 days 1,702 sqft
2020-06-01 0 days 1,704 sqft
2020-07-01 0 days 1,741 sqft
2020-08-01 0 days 1,596 sqft
2020-09-01 0 days 1,667 sqft
2020-10-01 0 days 1,749 sqft
2020-11-01 0 days 1,559 sqft
2020-12-01 0 days 1,647 sqft
2021-01-01 0 days 1,480 sqft
2021-02-01 0 days 1,573 sqft
2021-03-01 0 days 1,450 sqft
2021-04-01 0 days 1,569 sqft
2021-05-01 0 days 1,620 sqft
2021-06-01 0 days 1,569 sqft
2021-07-01 0 days 1,724 sqft
2021-08-01 0 days 1,762 sqft
2021-09-01 0 days 1,720 sqft
2021-10-01 0 days 1,836 sqft
2021-11-01 0 days 1,739 sqft
2021-12-01 0 days 1,772 sqft
2022-01-01 0 days 1,814 sqft
2022-02-01 0 days 1,802 sqft
2022-03-01 0 days 1,805 sqft
2022-04-01 0 days 1,718 sqft
2022-05-01 0 days 1,750 sqft
2022-06-01 0 days 1,794 sqft
2022-07-01 0 days 1,752 sqft
2022-08-01 0 days 1,764 sqft
2022-09-01 0 days 1,767 sqft
2022-10-01 0 days 1,764 sqft
2022-11-01 0 days 1,811 sqft
2022-12-01 0 days 1,765 sqft
2023-01-01 0 days 1,751 sqft
2023-02-01 0 days 1,735 sqft
2023-03-01 0 days 1,783 sqft
2023-04-01 0 days 1,792 sqft
2023-05-01 0 days 1,662 sqft
2023-06-01 0 days 1,743 sqft
2023-07-01 0 days 1,768 sqft
2023-08-01 0 days 1,769 sqft
2023-09-01 0 days 1,815 sqft
2023-10-01 0 days 1,747 sqft
2023-11-01 0 days 1,711 sqft
2023-12-01 0 days 1,768 sqft
2024-01-01 0 days 1,746 sqft
Shelton's median listing age (time on market) for 2024-01-01 was 0 days.

Shelton's median square footage for active listings during the 2024-01-01 period was 1,746 sqft. One year prior, the average listing was 1,751 sqft.