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
5.65%
for the week of 2024-10-11, compared to the national average (all USDA variants) of
6.08% for the same period.
Washington's average USDA mortgage closing costs are $7,222.
The average rate for the prior week (2024-10-04) was
5.95% and
one month ago for the week of 2024-09-06, the
average rate was 5.64%.
The average rate one year ago was 6.93%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.12%.
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.
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. LouisDate | 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 |
2024-06-01 | $632,004 (-1.9%) | $972,287 (1.3%) | 1.42 | 8,692 |
2024-07-01 | $612,500 (-3.5%) | $943,836 (0.9%) | 1.40 | 8,930 |
2024-08-01 | $599,900 (-2.5%) | $908,744 (-0.4%) | 1.40 | 8,868 |
2024-09-01 | $599,948 (-2.5%) | $903,010 (-1.3%) | 1.41 | 9,798 |
Washington's median listing price comes in at 141% of the national average.
Washington's average listing price for 2024-09-01 was $903,010, a difference of $-11,838 (-1.3%) versus the prior year and $-5,734 versus the prior month.
For the 2024-09-01 period, Washington had 9,798 MLS listings, a difference of 930 listings (10%) versus the prior month and 1,838 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Washington (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2024-06-01 | 29 days | 1,965 sqft |
2024-07-01 | 36 days | 1,950 sqft |
2024-08-01 | 37 days | 1,920 sqft |
2024-09-01 | 36 days | 1,920 sqft |
Washington's median square footage for active listings during the 2024-09-01 period was 1,920 sqft. One year prior, the average listing was 2,022 sqft.