Washington USDA Loan Rates, Closing Costs & Stats

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

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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.

    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 6.18% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.11% and one month ago for the week of 2024-11-08, the average rate was 6.43%.

    The average rate one year ago was 6.4%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.44%.

    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
    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
    2024-10-01 $599,781 (0.0%) $889,913 (-2.6%) 1.41 10,608
    2024-11-01 $585,000 (-2.3%) $885,209 (-3.3%) 1.40 10,299
    Washington's median listing price for 2024-11-01 was $585,000, a difference of $-13,875 (-2.3%) versus the prior year and $-14,781 versus the prior month.

    Washington's median listing price comes in at 140% of the national average.

    Washington's average listing price for 2024-11-01 was $885,209, a difference of $-30,046 (-3.3%) versus the prior year and $-4,704 versus the prior month.

    For the 2024-11-01 period, Washington had 10,299 MLS listings, a difference of -309 listings (-3%) versus the prior month and 2,046 listings (25%) 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
    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
    2024-10-01 34 days 1,904 sqft
    2024-11-01 40 days 1,864 sqft
    Washington's median listing age (time on market) for 2024-11-01 was 40 days. This is 3% longer than the same period one year ago.

    Washington's median square footage for active listings during the 2024-11-01 period was 1,864 sqft. One year prior, the average listing was 1,990 sqft.