Walla Walla USDA Loans

WALLA WALLA, 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.

Walla Walla's 13 lenders originated 33 USDA loans during 2021. The total origination value was $8,215,000, with an average USDA loan value of $248,939.

Walla Walla USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Walla Walla averaged 5.53% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.36% and one month ago for the week of 2022-04-08, the average rate was 5.12%.

The average rate one year ago was 3.23%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.87%.

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

Walla Walla USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Walla Walla level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
PREMIER MORTGAGE RESOURCES, L.L.C. 11 2.80% $5,392
ACADEMY MORTGAGE CORPORATION 8 2.81% $7,331
CMG MORTGAGE, INC. 2 2.75% $5,525
Colten Mortgage, LLC 2 3.06% $4,038
AMERICAN FINANCIAL NETWORK, INC. 2 2.94% $8,069
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.00% $6,314
Summit Mortgage Corporation 1 2.63% $9,082
SWBC MORTGAGE CORPORATION 1 3.13% $0
Washington Trust Bank 1 3.25% $5,259
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 3.50% $15,987
Flagstar Bank, FSB 1 2.75% $4,830
HOME POINT FINANCIAL CORPORATION 1 2.38% $5,926
PENNYMAC LOAN SERVICES, LLC 1 2.63% $5,693

The top Walla Walla USDA lender as defined by loan originations is PREMIER MORTGAGE RESOURCES, L.L.C., with 11 USDA loans originated. Their average total fees are $5,392, which is $1,939 lower than the next largest lender, ACADEMY MORTGAGE CORPORATION.

The lowest fee Walla Walla USDA lenders (with over 10 loans originated) are PREMIER MORTGAGE RESOURCES, L.L.C. ($5,392), .

The lowest rate Walla Walla USDA lenders (with over 10 loans originated) are PREMIER MORTGAGE RESOURCES, L.L.C. (2.80%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Walla Walla (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 $267,500 (10.8%) $332,885 (11.0%) 0.00 165
2018-02-01 $289,000 (24.4%) $349,929 (17.7%) 0.00 168
2018-03-01 $304,941 (31.2%) $353,713 (15.4%) 0.00 167
2018-04-01 $302,500 (28.8%) $370,328 (17.8%) 0.00 174
2018-05-01 $325,000 (30.1%) $387,149 (17.2%) 0.00 162
2018-06-01 $325,000 (30.0%) $386,137 (17.2%) 0.00 160
2018-07-01 $324,950 (27.4%) $397,140 (19.8%) 0.00 166
2018-08-01 $325,000 (30.0%) $392,907 (15.1%) 0.00 191
2018-09-01 $329,000 (22.3%) $394,187 (15.8%) 0.00 198
2018-10-01 $325,000 (20.2%) $376,465 (9.8%) 0.00 203
2018-11-01 $325,000 (27.8%) $367,009 (9.0%) 0.00 203
2018-12-01 $325,000 (30.5%) $371,187 (11.7%) 0.00 182
2019-01-01 $320,000 (19.6%) $360,260 (8.2%) 0.00 182
2019-02-01 $325,000 (12.5%) $372,490 (6.5%) 0.00 164
2019-03-01 $329,929 (8.2%) $379,538 (7.3%) 0.00 158
2019-04-01 $333,704 (10.3%) $382,248 (3.2%) 0.00 160
2019-05-01 $359,825 (10.7%) $412,765 (6.6%) 0.00 181
2019-06-01 $369,500 (13.7%) $406,839 (5.4%) 0.00 184
2019-07-01 $379,950 (16.9%) $431,496 (8.7%) 0.00 208
2019-08-01 $360,143 (10.8%) $414,303 (5.5%) 0.00 210
2019-09-01 $335,000 (1.8%) $397,891 (0.9%) 0.00 207
2019-10-01 $347,000 (6.8%) $395,335 (5.0%) 0.00 207
2019-11-01 $359,500 (10.6%) $401,489 (9.4%) 0.00 195
2019-12-01 $389,990 (20.0%) $427,427 (15.2%) 0.00 150
2020-01-01 $382,475 (19.5%) $419,317 (16.4%) 0.00 128
2020-02-01 $339,000 (4.3%) $396,745 (6.5%) 0.00 134
2020-03-01 $382,450 (15.9%) $406,630 (7.1%) 0.00 122
2020-04-01 $365,000 (9.4%) $394,778 (3.3%) 0.00 127
2020-05-01 $369,000 (2.6%) $401,775 (-2.7%) 0.00 137
2020-06-01 $384,950 (4.2%) $412,193 (1.3%) 0.00 121
2020-07-01 $409,450 (7.8%) $475,526 (10.2%) 0.00 119
2020-08-01 $420,000 (16.6%) $485,861 (17.3%) 0.00 114
2020-09-01 $374,000 (11.6%) $484,716 (21.8%) 0.00 105
2020-10-01 $359,000 (3.5%) $470,189 (18.9%) 0.00 82
2020-11-01 $399,900 (11.2%) $580,163 (44.5%) 0.00 68
2020-12-01 $404,950 (3.8%) $573,802 (34.3%) 0.00 61
2021-01-01 $425,000 (11.1%) $538,878 (28.5%) 0.00 50
2021-02-01 $449,445 (32.6%) $606,874 (53.0%) 0.00 47
2021-03-01 $434,000 (13.5%) $586,582 (44.3%) 0.00 43
2021-04-01 $397,450 (8.9%) $575,659 (45.8%) 0.00 52
2021-05-01 $425,000 (15.2%) $646,100 (60.8%) 0.00 15
2021-06-01 $499,500 (29.8%) $619,001 (50.2%) 0.00 24
2021-07-01 $449,500 (9.8%) $614,816 (29.3%) 0.00 38
2021-08-01 $437,000 (4.1%) $628,655 (29.4%) 0.00 41
2021-09-01 $454,000 (21.4%) $625,318 (29.0%) 0.00 53
2021-10-01 $450,000 (25.4%) $668,248 (42.1%) 0.00 70
2021-11-01 $448,498 (12.2%) $699,312 (20.5%) 0.00 56
2021-12-01 $493,750 (21.9%) $737,858 (28.6%) 0.00 50
2022-01-01 $509,000 (19.8%) $785,760 (45.8%) 0.00 46
2022-02-01 $476,000 (5.9%) $736,797 (21.4%) 0.00 46
2022-03-01 $549,450 (26.6%) $753,279 (28.4%) 0.00 40
2022-04-01 $529,000 (33.1%) $709,996 (23.3%) 0.00 50
Walla Walla's median listing price for 2022-04-01 was $529,000, a difference of $131,550 (33.1%) versus the prior year and $-20,450 versus the prior month.

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

Walla Walla's average listing price for 2022-04-01 was $709,996, a difference of $134,337 (23.3%) versus the prior year and $-43,283 versus the prior month.

For the 2022-04-01 period, Walla Walla had 50 MLS listings, a difference of 10 listings (25%) versus the prior month and -2 listings (-4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Walla Walla (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,023 sqft
2018-02-01 0 days 2,038 sqft
2018-03-01 0 days 2,092 sqft
2018-04-01 0 days 2,142 sqft
2018-05-01 0 days 2,205 sqft
2018-06-01 0 days 2,136 sqft
2018-07-01 0 days 2,136 sqft
2018-08-01 0 days 2,153 sqft
2018-09-01 0 days 2,161 sqft
2018-10-01 0 days 2,112 sqft
2018-11-01 0 days 2,116 sqft
2018-12-01 0 days 2,185 sqft
2019-01-01 0 days 2,124 sqft
2019-02-01 0 days 2,185 sqft
2019-03-01 0 days 2,264 sqft
2019-04-01 0 days 2,331 sqft
2019-05-01 0 days 2,368 sqft
2019-06-01 0 days 2,368 sqft
2019-07-01 0 days 2,457 sqft
2019-08-01 0 days 2,409 sqft
2019-09-01 0 days 2,326 sqft
2019-10-01 0 days 2,252 sqft
2019-11-01 0 days 2,340 sqft
2019-12-01 0 days 2,355 sqft
2020-01-01 0 days 2,348 sqft
2020-02-01 0 days 2,320 sqft
2020-03-01 0 days 2,340 sqft
2020-04-01 0 days 2,260 sqft
2020-05-01 0 days 2,242 sqft
2020-06-01 0 days 2,258 sqft
2020-07-01 0 days 2,387 sqft
2020-08-01 0 days 2,320 sqft
2020-09-01 0 days 2,320 sqft
2020-10-01 0 days 2,081 sqft
2020-11-01 0 days 2,145 sqft
2020-12-01 0 days 2,178 sqft
2021-01-01 0 days 2,240 sqft
2021-02-01 0 days 2,443 sqft
2021-03-01 0 days 2,417 sqft
2021-04-01 0 days 2,356 sqft
2021-05-01 0 days 2,520 sqft
2021-06-01 0 days 2,501 sqft
2021-07-01 0 days 2,263 sqft
2021-08-01 0 days 2,122 sqft
2021-09-01 0 days 2,172 sqft
2021-10-01 0 days 2,184 sqft
2021-11-01 0 days 2,268 sqft
2021-12-01 0 days 2,327 sqft
2022-01-01 0 days 2,268 sqft
2022-02-01 0 days 2,277 sqft
2022-03-01 0 days 2,311 sqft
2022-04-01 0 days 2,200 sqft
Walla Walla's median listing age (time on market) for 2022-04-01 was 0 days.

Walla Walla's median square footage for active listings during the 2022-04-01 period was 2,200 sqft. One year prior, the average listing was 2,356 sqft.