Washington USDA Loan Rates, Closing Costs & Stats

Washington-Arlington-Alexandria, DC-VA-MD-WV

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.

Washington's 63 lenders originated 207 USDA loans during 2023. The total origination value was $73,215,000, with an average USDA loan value of $353,696.

Washington USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Washington averaged 6.58% for the week of 2024-06-14, compared to the national average (all USDA variants) of 6.709% for the same period.

Washington's average USDA mortgage closing costs are $7,222.

The average rate for the prior week (2024-06-07) was 6.68% and one month ago for the week of 2024-05-10, the average rate was 6.46%.

The average rate one year ago was 6.22%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.65%.

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

Washington 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 Washington level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Integrity Home Mortgage Corp 17 6.26% $10,909
FIRST HOME MORTGAGE CORPORATION 16 6.05% $11,163
Towne Bank 13 6.38% $8,333
NVR Mortgage Finance, Inc. 11 5.84% $10,594
BAY CAPITAL MORTGAGE CORPORATION 8 6.39% $9,549
EMBRACE HOME LOANS, INC. 8 6.43% $8,611
UNITED WHOLESALE MORTGAGE, LLC 8 6.14% $8,954
Atlantic Coast Mortgage, LLC 6 6.00% $10,662
MOVEMENT MORTGAGE, LLC 6 6.29% $10,182
CROSSCOUNTRY MORTGAGE, LLC 6 6.32% $12,388
Waterstone Mortgage Corporation 5 6.65% $10,632
CBM Mortgage, Inc. 5 6.45% $9,639
George Mason Mortgage, LLC 5 5.77% $10,333
INTERLINC MORTGAGE SERVICES, LLC 4 5.91% $5,030
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.28% $12,571
Alcova Mortgage LLC 3 6.62% $4,086
Sierra Pacific Mortgage Company, Inc. 3 5.96% $9,590
AMERICAN FINANCIAL NETWORK, INC. 3 6.46% $10,531
DHI MORTGAGE COMPANY, LTD. 3 5.79% $7,075
HOMESPIRE MORTGAGE CORPORATION 3 6.36% $8,314
C & F Mortgage Corporation 3 6.33% $9,191
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.24% $9,406
PLANET HOME LENDING, LLC 2 7.44% $11,520
Paramount Residential Mortgage Group, Inc. 2 6.69% $12,081
Flagstar Bank, FSB 2 6.80% $11,928
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.25% $13,141
Shore United Bank 2 6.06% $9,340
The Freedom Bank of Virginia 2 5.50% $10,020
NFM, INC. 2 5.63% $9,437
UNION HOME MORTGAGE CORP. 2 5.88% $7,945
First Heritage Mortgage, LLC 2 5.56% $12,251
Vellum Mortgage, Inc. 2 6.38% $8,676
CMG MORTGAGE, INC. 2 5.56% $9,105
Keystone Funding, Inc. 2 7.00% $12,312
DRAPER AND KRAMER MORTGAGE CORP. 2 6.19% $13,674
THRIVE MORTGAGE, LLC 1 6.88% $11,190
American Mortgage & Equity Consultants, Inc. 1 5.49% $12,418
Atlantic Union Bank 1 6.00% $6,250
Blue Ridge Bank 1 5.63% $10,007
CARDINAL FINANCIAL 1 5.99% $19,701
Cedar Point Federal Credit Union 1 7.25% $5,788
DAS Acquisition Company, LLC 1 6.63% $8,494
Fulton Bank 1 6.13% $8,946
GUARANTEED RATE AFFINITY, LLC 1 6.25% $9,714
GUILD MORTGAGE COMPANY 1 5.50% $8,088
HOMESIDE FINANCIAL, LLC 1 5.63% $9,071
Hometown Equity Mortgage, LLC 1 6.50% $13,170
Ixonia Bank 1 6.63% $8,155
LEADERONE FINANCIAL CORPORATION 1 6.25% $13,954
LIBERTY HOME MORTGAGE CORPORATION 1 6.25% $13,481
MICHIGAN MUTUAL, INC. 1 5.63% $8,809
MISSION MORTGAGE LLC 1 5.25% $10,206
MLD MORTGAGE INC. 1 5.25% $13,380
Nations Lending Corporation 1 6.75% $2,850
NEWREZ LLC 1 7.25% $6,623
NORWICH COMMERCIAL GROUP, INC. 1 5.75% $11,126
PLAZA HOME MORTGAGE, INC. 1 5.75% $7,458
Presidential Bank, FSB 1 6.00% $7,777
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.38% $8,749
Summit Mortgage Corporation 1 6.50% $11,682
T2 FINANCIAL LLC 1 6.50% $10,186
Towne First Mortgage, LLC 1 6.88% $6,937
UNIVERSAL MORTGAGE & FINANCE, INC. 1 6.00% $10,670

The top Washington USDA lender as defined by loan originations is Integrity Home Mortgage Corp, with 17 USDA loans originated. Their average total fees are $10,909, which is $254 lower than the next largest lender, FIRST HOME MORTGAGE CORPORATION.

The lowest fee Washington USDA lenders (with over 10 loans originated) are Towne Bank ($8,333), NVR Mortgage Finance, Inc. ($10,594), Integrity Home Mortgage Corp ($10,909), FIRST HOME MORTGAGE CORPORATION ($11,163) and .

The lowest rate Washington USDA lenders (with over 10 loans originated) are NVR Mortgage Finance, Inc. (5.84%), FIRST HOME MORTGAGE CORPORATION (6.05%), Integrity Home Mortgage Corp (6.26%), Towne Bank (6.38%) and .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Washington (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 $429,995 (2.0%) $635,658 (1.3%) 1.59 12,355
2018-02-01 $442,000 (2.3%) $648,853 (0.7%) 1.60 12,214
2018-03-01 $464,990 (3.9%) $664,284 (0.8%) 1.63 13,617
2018-04-01 $475,000 (3.3%) $675,264 (1.1%) 1.61 15,527
2018-05-01 $474,950 (2.1%) $676,005 (1.6%) 1.59 16,840
2018-06-01 $475,000 (1.8%) $673,246 (1.9%) 1.58 17,459
2018-07-01 $463,500 (0.8%) $655,427 (0.8%) 1.55 17,899
2018-08-01 $449,950 (0.4%) $636,585 (1.0%) 1.51 17,939
2018-09-01 $449,900 (0.0%) $632,435 (-0.6%) 1.51 18,577
2018-10-01 $449,900 (0.2%) $633,612 (-0.7%) 1.52 18,685
2018-11-01 $444,950 (1.2%) $632,700 (-0.1%) 1.51 17,498
2018-12-01 $434,900 (1.2%) $631,860 (0.1%) 1.50 14,330
2019-01-01 $432,450 (0.6%) $637,531 (0.3%) 1.49 12,141
2019-02-01 $446,750 (1.1%) $654,346 (0.9%) 1.51 11,828
2019-03-01 $462,857 (-0.5%) $670,627 (1.0%) 1.51 12,876
2019-04-01 $479,000 (0.8%) $683,273 (1.2%) 1.52 14,120
2019-05-01 $487,000 (2.5%) $689,187 (2.0%) 1.52 15,296
2019-06-01 $485,000 (2.1%) $685,826 (1.9%) 1.52 15,938
2019-07-01 $475,000 (2.5%) $671,612 (2.5%) 1.49 15,785
2019-08-01 $475,000 (5.6%) $675,848 (6.2%) 1.50 15,554
2019-09-01 $475,000 (5.6%) $684,475 (8.2%) 1.52 15,412
2019-10-01 $475,000 (5.6%) $690,788 (9.0%) 1.53 15,251
2019-11-01 $474,990 (6.8%) $698,042 (10.3%) 1.56 13,853
2019-12-01 $469,925 (8.1%) $707,559 (12.0%) 1.57 10,986
2020-01-01 $466,625 (7.9%) $715,637 (12.3%) 1.56 9,518
2020-02-01 $481,000 (7.7%) $739,602 (13.0%) 1.57 9,263
2020-03-01 $501,870 (8.4%) $762,677 (13.7%) 1.57 9,912
2020-04-01 $499,900 (4.4%) $737,096 (7.9%) 1.57 10,552
2020-05-01 $509,000 (4.5%) $757,241 (9.9%) 1.55 10,595
2020-06-01 $527,250 (8.7%) $782,271 (14.1%) 1.55 9,949
2020-07-01 $527,450 (11.0%) $792,634 (18.0%) 1.53 9,128
2020-08-01 $525,000 (10.5%) $794,895 (17.6%) 1.50 8,806
2020-09-01 $517,000 (8.8%) $788,822 (15.2%) 1.48 9,231
2020-10-01 $499,990 (5.3%) $768,736 (11.3%) 1.43 9,639
2020-11-01 $499,900 (5.2%) $782,155 (12.1%) 1.46 9,128
2020-12-01 $496,245 (5.6%) $795,725 (12.5%) 1.48 7,595
2021-01-01 $485,000 (3.9%) $815,384 (13.9%) 1.45 6,439
2021-02-01 $489,450 (1.8%) $818,161 (10.6%) 1.42 5,879
2021-03-01 $492,500 (-1.9%) $795,499 (4.3%) 1.40 6,509
2021-04-01 $503,750 (0.8%) $793,820 (7.7%) 1.36 7,116
2021-05-01 $514,950 (1.2%) $787,426 (4.0%) 1.37 7,916
2021-06-01 $524,923 (-0.4%) $777,748 (-0.6%) 1.38 9,074
2021-07-01 $510,000 (-3.3%) $749,455 (-5.5%) 1.35 10,153
2021-08-01 $502,495 (-4.3%) $733,715 (-7.7%) 1.34 10,313
2021-09-01 $504,950 (-2.3%) $733,951 (-7.0%) 1.35 10,806
2021-10-01 $505,000 (1.0%) $736,108 (-4.2%) 1.35 10,444
2021-11-01 $501,245 (0.3%) $744,897 (-4.8%) 1.34 8,638
2021-12-01 $499,950 (0.8%) $762,877 (-4.1%) 1.35 6,568
2022-01-01 $500,000 (3.1%) $802,527 (-1.6%) 1.35 5,138
2022-02-01 $527,500 (7.8%) $826,308 (1.0%) 1.37 4,962
2022-03-01 $544,900 (10.6%) $827,874 (4.1%) 1.36 5,427
2022-04-01 $565,000 (12.2%) $821,391 (3.5%) 1.35 6,158
2022-05-01 $585,000 (13.6%) $833,802 (5.9%) 1.34 7,904
2022-06-01 $590,525 (12.5%) $819,878 (5.4%) 1.32 9,266
2022-07-01 $580,000 (13.7%) $801,378 (6.9%) 1.31 10,484
2022-08-01 $570,000 (13.4%) $785,044 (7.0%) 1.32 10,390
2022-09-01 $569,950 (12.9%) $785,014 (7.0%) 1.33 10,492
2022-10-01 $574,000 (13.7%) $794,486 (7.9%) 1.35 10,790
2022-11-01 $565,680 (12.9%) $800,050 (7.4%) 1.36 10,320
2022-12-01 $559,900 (12.0%) $813,943 (6.7%) 1.38 8,230
2023-01-01 $568,498 (13.7%) $842,443 (5.0%) 1.41 6,808
2023-02-01 $584,681 (10.8%) $880,065 (6.5%) 1.41 6,119
2023-03-01 $599,450 (10.0%) $907,750 (9.7%) 1.41 6,199
2023-04-01 $620,000 (9.7%) $936,647 (14.0%) 1.44 6,481
2023-05-01 $639,423 (9.3%) $960,023 (15.1%) 1.45 6,675
2023-06-01 $644,250 (9.1%) $960,218 (17.1%) 1.45 6,835
2023-07-01 $635,000 (9.5%) $935,736 (16.8%) 1.44 7,182
2023-08-01 $615,000 (7.9%) $912,225 (16.2%) 1.41 7,166
2023-09-01 $615,000 (7.9%) $914,848 (16.5%) 1.43 7,960
2023-10-01 $599,995 (4.5%) $913,239 (15.0%) 1.41 8,407
2023-11-01 $598,875 (5.9%) $915,255 (14.4%) 1.43 8,253
2023-12-01 $585,000 (4.5%) $923,869 (13.5%) 1.43 6,987
2024-01-01 $589,860 (3.8%) $950,586 (12.8%) 1.44 5,902
2024-02-01 $599,000 (2.5%) $958,457 (8.9%) 1.44 5,907
2024-03-01 $604,300 (0.8%) $972,046 (7.1%) 1.42 6,335
2024-04-01 $625,000 (0.8%) $970,664 (3.6%) 1.45 7,189
2024-05-01 $639,500 (0.0%) $996,913 (3.8%) 1.45 7,860
Washington's median listing price for 2024-05-01 was $639,500, a difference of $77 (0.0%) versus the prior year and $14,500 versus the prior month.

Washington's median listing price comes in at 145% of the national average.

Washington's average listing price for 2024-05-01 was $996,913, a difference of $36,890 (3.8%) versus the prior year and $26,249 versus the prior month.

For the 2024-05-01 period, Washington had 7,860 MLS listings, a difference of 671 listings (9%) versus the prior month and 1,185 listings (18%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Washington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 67 days 2,054 sqft
2018-02-01 49 days 2,090 sqft
2018-03-01 33 days 2,116 sqft
2018-04-01 31 days 2,129 sqft
2018-05-01 31 days 2,140 sqft
2018-06-01 37 days 2,256 sqft
2018-07-01 43 days 2,212 sqft
2018-08-01 44 days 2,172 sqft
2018-09-01 45 days 2,137 sqft
2018-10-01 44 days 2,111 sqft
2018-11-01 49 days 2,114 sqft
2018-12-01 59 days 2,133 sqft
2019-01-01 67 days 2,155 sqft
2019-02-01 50 days 2,195 sqft
2019-03-01 38 days 2,261 sqft
2019-04-01 30 days 2,314 sqft
2019-05-01 31 days 2,329 sqft
2019-06-01 37 days 2,340 sqft
2019-07-01 42 days 2,307 sqft
2019-08-01 42 days 2,290 sqft
2019-09-01 40 days 2,268 sqft
2019-10-01 41 days 2,248 sqft
2019-11-01 49 days 2,220 sqft
2019-12-01 62 days 2,200 sqft
2020-01-01 63 days 2,180 sqft
2020-02-01 36 days 2,210 sqft
2020-03-01 27 days 2,248 sqft
2020-04-01 34 days 2,214 sqft
2020-05-01 43 days 2,221 sqft
2020-06-01 35 days 2,207 sqft
2020-07-01 30 days 2,130 sqft
2020-08-01 29 days 2,038 sqft
2020-09-01 25 days 1,932 sqft
2020-10-01 34 days 1,848 sqft
2020-11-01 39 days 1,788 sqft
2020-12-01 46 days 1,744 sqft
2021-01-01 47 days 1,673 sqft
2021-02-01 37 days 1,606 sqft
2021-03-01 30 days 1,673 sqft
2021-04-01 29 days 1,741 sqft
2021-05-01 28 days 1,808 sqft
2021-06-01 28 days 1,820 sqft
2021-07-01 30 days 1,816 sqft
2021-08-01 32 days 1,817 sqft
2021-09-01 33 days 1,786 sqft
2021-10-01 35 days 1,754 sqft
2021-11-01 40 days 1,690 sqft
2021-12-01 47 days 1,666 sqft
2022-01-01 47 days 1,620 sqft
2022-02-01 32 days 1,678 sqft
2022-03-01 26 days 1,750 sqft
2022-04-01 26 days 1,846 sqft
2022-05-01 25 days 1,929 sqft
2022-06-01 27 days 1,964 sqft
2022-07-01 31 days 1,988 sqft
2022-08-01 36 days 1,968 sqft
2022-09-01 39 days 1,935 sqft
2022-10-01 37 days 1,956 sqft
2022-11-01 43 days 1,943 sqft
2022-12-01 54 days 1,913 sqft
2023-01-01 59 days 1,905 sqft
2023-02-01 40 days 1,921 sqft
2023-03-01 34 days 1,960 sqft
2023-04-01 32 days 2,028 sqft
2023-05-01 30 days 2,069 sqft
2023-06-01 32 days 2,080 sqft
2023-07-01 34 days 2,071 sqft
2023-08-01 35 days 2,040 sqft
2023-09-01 35 days 2,022 sqft
2023-10-01 35 days 2,000 sqft
2023-11-01 39 days 1,990 sqft
2023-12-01 50 days 1,955 sqft
2024-01-01 53 days 1,921 sqft
2024-02-01 36 days 1,907 sqft
2024-03-01 31 days 1,906 sqft
2024-04-01 30 days 1,944 sqft
2024-05-01 28 days 1,966 sqft
Washington's median listing age (time on market) for 2024-05-01 was 28 days. This is -8% shorter than the same period one year ago.

Washington's median square footage for active listings during the 2024-05-01 period was 1,966 sqft. One year prior, the average listing was 2,069 sqft.