Spokane USDA Loan Rates, Closing Costs & Stats

SPOKANE-SPOKANE VALLEY, 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.

    Spokane's 4 lenders originated 8 USDA loans during 2024. The total origination value was $2,910,000, with an average USDA loan value of $363,750.

    Spokane USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Spokane averaged 6.51% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

    Spokane's average USDA mortgage closing costs are $6,738.

    The average rate for the prior week (2025-05-16) was 6.54% and one month ago for the week of 2025-04-18, the average rate was 6.33%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.22%.

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

    Spokane 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 Spokane level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 3 5.29% $15,019
    DHI MORTGAGE COMPANY, LTD. 2 5.00% $6,895
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.25% $7,879
    HomeStreet Bank 1 5.13% $10,649

    The top Spokane USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 3 USDA loans originated. Their average total fees are $15,019, which is $8,124 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Spokane (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 $285,000 (13.3%) $356,733 (11.9%) 1.06 1,073
    2018-02-01 $299,250 (14.0%) $373,678 (13.9%) 1.09 990
    2018-03-01 $309,900 (12.7%) $381,271 (11.0%) 1.09 979
    2018-04-01 $319,225 (12.0%) $392,806 (12.5%) 1.08 1,110
    2018-05-01 $319,070 (10.4%) $395,916 (11.7%) 1.07 1,260
    2018-06-01 $315,000 (9.2%) $395,583 (11.1%) 1.05 1,421
    2018-07-01 $317,500 (11.4%) $399,237 (14.0%) 1.06 1,543
    2018-08-01 $309,463 (12.5%) $391,344 (14.5%) 1.04 1,605
    2018-09-01 $300,000 (9.1%) $388,146 (13.8%) 1.01 1,633
    2018-10-01 $312,250 (14.6%) $397,319 (16.3%) 1.06 1,559
    2018-11-01 $319,500 (19.2%) $403,049 (19.2%) 1.08 1,342
    2018-12-01 $318,500 (15.8%) $402,314 (15.2%) 1.10 1,127
    2019-01-01 $327,995 (15.1%) $415,262 (16.4%) 1.13 950
    2019-02-01 $335,845 (12.2%) $422,619 (13.1%) 1.13 859
    2019-03-01 $341,043 (10.1%) $427,846 (12.2%) 1.12 892
    2019-04-01 $346,818 (8.6%) $430,929 (9.7%) 1.10 1,003
    2019-05-01 $349,985 (9.7%) $426,538 (7.7%) 1.09 1,170
    2019-06-01 $349,990 (11.1%) $419,145 (6.0%) 1.09 1,287
    2019-07-01 $344,950 (8.7%) $408,021 (2.2%) 1.08 1,470
    2019-08-01 $340,273 (10.0%) $410,035 (4.8%) 1.08 1,492
    2019-09-01 $340,682 (13.6%) $415,430 (7.0%) 1.09 1,474
    2019-10-01 $340,955 (9.2%) $419,683 (5.6%) 1.10 1,451
    2019-11-01 $345,000 (8.0%) $422,492 (4.8%) 1.13 1,256
    2019-12-01 $342,970 (7.7%) $420,764 (4.6%) 1.14 1,044
    2020-01-01 $342,498 (4.4%) $419,674 (1.1%) 1.14 813
    2020-02-01 $359,900 (7.2%) $438,812 (3.8%) 1.18 747
    2020-03-01 $379,924 (11.4%) $448,389 (4.8%) 1.19 795
    2020-04-01 $379,350 (9.4%) $451,379 (4.8%) 1.19 932
    2020-05-01 $385,604 (10.2%) $455,230 (6.7%) 1.17 940
    2020-06-01 $384,975 (10.0%) $450,694 (7.5%) 1.13 938
    2020-07-01 $393,963 (14.2%) $459,805 (12.7%) 1.14 885
    2020-08-01 $388,073 (14.1%) $464,389 (13.3%) 1.11 858
    2020-09-01 $387,419 (13.7%) $462,065 (11.2%) 1.11 842
    2020-10-01 $376,156 (10.3%) $462,780 (10.3%) 1.08 751
    2020-11-01 $374,950 (8.7%) $466,012 (10.3%) 1.10 614
    2020-12-01 $369,849 (7.8%) $470,358 (11.8%) 1.10 464
    2021-01-01 $369,900 (8.0%) $490,305 (16.8%) 1.10 324
    2021-02-01 $378,155 (5.1%) $512,838 (16.9%) 1.10 286
    2021-03-01 $377,450 (-0.7%) $508,198 (13.3%) 1.07 323
    2021-04-01 $399,900 (5.4%) $529,689 (17.4%) 1.08 331
    2021-05-01 $413,000 (7.1%) $530,315 (16.5%) 1.10 395
    2021-06-01 $422,450 (9.7%) $569,547 (26.4%) 1.11 514
    2021-07-01 $439,995 (11.7%) $570,861 (24.2%) 1.16 647
    2021-08-01 $454,400 (17.1%) $567,544 (22.2%) 1.21 728
    2021-09-01 $450,000 (16.2%) $565,649 (22.4%) 1.20 850
    2021-10-01 $450,000 (19.6%) $551,467 (19.2%) 1.20 839
    2021-11-01 $449,975 (20.0%) $557,558 (19.6%) 1.20 627
    2021-12-01 $459,725 (24.3%) $576,341 (22.5%) 1.25 479
    2022-01-01 $480,825 (30.0%) $617,610 (26.0%) 1.30 328
    2022-02-01 $480,480 (27.1%) $631,296 (23.1%) 1.25 306
    2022-03-01 $479,995 (27.2%) $633,895 (24.7%) 1.20 333
    2022-04-01 $500,000 (25.0%) $642,876 (21.4%) 1.19 440
    2022-05-01 $509,625 (23.4%) $635,058 (19.8%) 1.17 719
    2022-06-01 $517,450 (22.5%) $642,778 (12.9%) 1.15 955
    2022-07-01 $499,000 (13.4%) $607,213 (6.4%) 1.12 1,276
    2022-08-01 $489,951 (7.8%) $594,388 (4.7%) 1.13 1,375
    2022-09-01 $476,125 (5.8%) $579,690 (2.5%) 1.11 1,376
    2022-10-01 $469,900 (4.4%) $571,775 (3.7%) 1.11 1,355
    2022-11-01 $449,935 (0.0%) $554,290 (-0.6%) 1.08 1,219
    2022-12-01 $449,032 (-2.3%) $545,111 (-5.4%) 1.11 966
    2023-01-01 $449,463 (-6.5%) $548,437 (-11.2%) 1.11 762
    2023-02-01 $479,000 (-0.3%) $577,990 (-8.4%) 1.16 682
    2023-03-01 $497,475 (3.6%) $591,683 (-6.7%) 1.17 676
    2023-04-01 $512,500 (2.5%) $604,916 (-5.9%) 1.19 780
    2023-05-01 $524,924 (3.0%) $622,699 (-2.0%) 1.19 941
    2023-06-01 $532,488 (2.9%) $633,820 (-1.4%) 1.20 1,136
    2023-07-01 $535,000 (7.2%) $629,070 (3.6%) 1.22 1,335
    2023-08-01 $525,000 (7.2%) $620,305 (4.4%) 1.21 1,401
    2023-09-01 $513,495 (7.9%) $618,446 (6.7%) 1.20 1,456
    2023-10-01 $499,450 (6.3%) $604,890 (5.8%) 1.18 1,447
    2023-11-01 $496,675 (10.4%) $597,836 (7.9%) 1.18 1,323
    2023-12-01 $490,000 (9.1%) $602,920 (10.6%) 1.20 1,113
    2024-01-01 $497,995 (10.8%) $612,352 (11.7%) 1.22 916
    2024-02-01 $502,995 (5.0%) $617,540 (6.8%) 1.21 876
    2024-03-01 $509,995 (2.5%) $619,832 (4.8%) 1.20 916
    2024-04-01 $522,500 (2.0%) $647,699 (7.1%) 1.22 1,079
    2024-05-01 $532,498 (1.4%) $650,116 (4.4%) 1.21 1,342
    2024-06-01 $524,990 (-1.4%) $639,555 (0.9%) 1.19 1,580
    2024-07-01 $525,000 (-1.9%) $633,632 (0.7%) 1.20 1,747
    2024-08-01 $515,000 (-1.9%) $624,397 (0.7%) 1.20 1,767
    2024-09-01 $505,000 (-1.7%) $623,689 (0.9%) 1.19 1,791
    2024-10-01 $497,250 (-0.4%) $615,281 (1.7%) 1.17 1,793
    2024-11-01 $489,970 (-1.4%) $607,587 (1.6%) 1.18 1,674
    2024-12-01 $484,973 (-1.0%) $596,098 (-1.1%) 1.20 1,339
    2025-01-01 $479,948 (-3.6%) $586,052 (-4.3%) 1.20 1,189
    2025-02-01 $482,500 (-4.1%) $590,519 (-4.4%) 1.17 1,088
    2025-03-01 $500,310 (-1.9%) $616,624 (-0.5%) 1.18 1,153
    2025-04-01 $522,225 (-0.1%) $633,549 (-2.2%) 1.21 1,401
    Spokane's median listing price for 2025-04-01 was $522,225, a difference of $-275 (-0.1%) versus the prior year and $21,915 versus the prior month.

    Spokane's median listing price comes in at 121% of the national average.

    Spokane's average listing price for 2025-04-01 was $633,549, a difference of $-14,150 (-2.2%) versus the prior year and $16,925 versus the prior month.

    For the 2025-04-01 period, Spokane had 1,401 MLS listings, a difference of 248 listings (22%) versus the prior month and 322 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Spokane (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 69 days 2,255 sqft
    2018-02-01 47 days 2,310 sqft
    2018-03-01 44 days 2,349 sqft
    2018-04-01 36 days 2,369 sqft
    2018-05-01 33 days 2,404 sqft
    2018-06-01 36 days 2,360 sqft
    2018-07-01 39 days 2,389 sqft
    2018-08-01 41 days 2,353 sqft
    2018-09-01 44 days 2,352 sqft
    2018-10-01 46 days 2,319 sqft
    2018-11-01 53 days 2,324 sqft
    2018-12-01 66 days 2,316 sqft
    2019-01-01 66 days 2,351 sqft
    2019-02-01 49 days 2,349 sqft
    2019-03-01 41 days 2,360 sqft
    2019-04-01 30 days 2,349 sqft
    2019-05-01 32 days 2,380 sqft
    2019-06-01 35 days 2,429 sqft
    2019-07-01 37 days 2,401 sqft
    2019-08-01 38 days 2,391 sqft
    2019-09-01 39 days 2,373 sqft
    2019-10-01 41 days 2,359 sqft
    2019-11-01 47 days 2,275 sqft
    2019-12-01 62 days 2,228 sqft
    2020-01-01 69 days 2,196 sqft
    2020-02-01 53 days 2,240 sqft
    2020-03-01 40 days 2,318 sqft
    2020-04-01 40 days 2,325 sqft
    2020-05-01 43 days 2,321 sqft
    2020-06-01 39 days 2,321 sqft
    2020-07-01 39 days 2,348 sqft
    2020-08-01 39 days 2,308 sqft
    2020-09-01 43 days 2,307 sqft
    2020-10-01 47 days 2,264 sqft
    2020-11-01 52 days 2,215 sqft
    2020-12-01 57 days 2,150 sqft
    2021-01-01 52 days 2,121 sqft
    2021-02-01 40 days 2,092 sqft
    2021-03-01 30 days 2,152 sqft
    2021-04-01 25 days 2,140 sqft
    2021-05-01 27 days 2,161 sqft
    2021-06-01 21 days 2,214 sqft
    2021-07-01 26 days 2,214 sqft
    2021-08-01 29 days 2,209 sqft
    2021-09-01 31 days 2,254 sqft
    2021-10-01 35 days 2,219 sqft
    2021-11-01 50 days 2,144 sqft
    2021-12-01 72 days 2,145 sqft
    2022-01-01 61 days 2,035 sqft
    2022-02-01 33 days 2,024 sqft
    2022-03-01 25 days 2,035 sqft
    2022-04-01 22 days 2,165 sqft
    2022-05-01 20 days 2,220 sqft
    2022-06-01 22 days 2,215 sqft
    2022-07-01 28 days 2,187 sqft
    2022-08-01 32 days 2,193 sqft
    2022-09-01 39 days 2,178 sqft
    2022-10-01 39 days 2,157 sqft
    2022-11-01 44 days 2,130 sqft
    2022-12-01 57 days 2,118 sqft
    2023-01-01 52 days 2,101 sqft
    2023-02-01 43 days 2,122 sqft
    2023-03-01 37 days 2,166 sqft
    2023-04-01 30 days 2,194 sqft
    2023-05-01 29 days 2,256 sqft
    2023-06-01 30 days 2,304 sqft
    2023-07-01 35 days 2,314 sqft
    2023-08-01 37 days 2,318 sqft
    2023-09-01 41 days 2,305 sqft
    2023-10-01 39 days 2,276 sqft
    2023-11-01 47 days 2,253 sqft
    2023-12-01 56 days 2,258 sqft
    2024-01-01 46 days 2,247 sqft
    2024-02-01 39 days 2,210 sqft
    2024-03-01 39 days 2,202 sqft
    2024-04-01 31 days 2,242 sqft
    2024-05-01 28 days 2,293 sqft
    2024-06-01 33 days 2,288 sqft
    2024-07-01 38 days 2,298 sqft
    2024-08-01 44 days 2,285 sqft
    2024-09-01 43 days 2,265 sqft
    2024-10-01 45 days 2,246 sqft
    2024-11-01 54 days 2,201 sqft
    2024-12-01 65 days 2,194 sqft
    2025-01-01 74 days 2,124 sqft
    2025-02-01 44 days 2,121 sqft
    2025-03-01 41 days 2,160 sqft
    2025-04-01 30 days 2,214 sqft
    Spokane's median listing age (time on market) for 2025-04-01 was 30 days. This is -3% shorter than the same period one year ago.

    Spokane's median square footage for active listings during the 2025-04-01 period was 2,214 sqft. One year prior, the average listing was 2,242 sqft.