Washington USDA Loan Rates, Closing Costs & Stats
Washington, IN
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 10 lenders originated 14 USDA loans during 2023. The total origination value was $2,290,000, with an average USDA loan value of $163,571.
Washington USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Washington
averaged
7.19%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Washington's average USDA mortgage closing costs are $3,697.
The average rate for the prior week (2024-04-12) was
7.14% and
one month ago for the week of 2024-03-15, the
average rate was 6.82%.
The average rate one year ago was 6.56%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.86%.
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 |
|---|---|---|---|
| PLAZA HOME MORTGAGE, INC. | 4 | 7.00% | $3,904 |
| STOCKTON MORTGAGE CORPORATION | 2 | 7.31% | $6,598 |
| Fifth Third Bank | 1 | 7.00% | $4,499 |
| Flanagan State Bank | 1 | 6.63% | $3,376 |
| MORTGAGE MASTERS OF INDIANA, INC. | 1 | 6.75% | $4,932 |
| RUOFF MORTGAGE COMPANY, INC. | 1 | 7.75% | $2,775 |
| TOP FLITE FINANCIAL, INC. | 1 | 7.13% | $6,911 |
| Equity Prime Mortgage LLC | 1 | 6.63% | $5,149 |
| UNION HOME MORTGAGE CORP. | 1 | 6.50% | $8,407 |
| EVANSVILLE TEACHERS | 1 | 6.88% | $3,545 |
The top Washington USDA lender as defined by loan originations is PLAZA HOME MORTGAGE, INC., with
4 USDA loans originated. Their average total fees are
$3,904, which is $2,694
lower than the next largest lender,
STOCKTON MORTGAGE CORPORATION.
The lowest fee Washington USDA lenders (with over 10 loans originated) are
.
The lowest rate Washington USDA lenders (with over 10 loans originated) are
.
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 | $139,450 (32.3%) | $172,068 (32.2%) | 0.00 | 72 |
| 2018-02-01 | $139,450 (36.5%) | $170,614 (31.6%) | 0.00 | 75 |
| 2018-03-01 | $144,900 (36.9%) | $177,701 (30.5%) | 0.00 | 74 |
| 2018-04-01 | $148,500 (41.6%) | $172,929 (29.5%) | 0.00 | 80 |
| 2018-05-01 | $149,900 (36.3%) | $180,759 (37.5%) | 0.00 | 80 |
| 2018-06-01 | $144,700 (25.4%) | $174,201 (35.5%) | 0.00 | 81 |
| 2018-07-01 | $142,650 (14.2%) | $177,567 (24.4%) | 0.00 | 77 |
| 2018-08-01 | $147,500 (21.1%) | $185,360 (31.2%) | 0.00 | 77 |
| 2018-09-01 | $150,800 (20.7%) | $187,684 (29.0%) | 0.00 | 78 |
| 2018-10-01 | $157,000 (22.2%) | $179,773 (11.5%) | 0.00 | 81 |
| 2018-11-01 | $161,150 (19.4%) | $184,612 (10.1%) | 0.00 | 75 |
| 2018-12-01 | $154,900 (11.4%) | $193,839 (17.0%) | 0.00 | 70 |
| 2019-01-01 | $149,225 (7.0%) | $188,646 (9.6%) | 0.00 | 69 |
| 2019-02-01 | $146,475 (5.0%) | $186,899 (9.5%) | 0.00 | 59 |
| 2019-03-01 | $155,257 (7.2%) | $198,935 (12.0%) | 0.00 | 53 |
| 2019-04-01 | $163,782 (10.3%) | $205,876 (19.1%) | 0.00 | 51 |
| 2019-05-01 | $142,475 (-5.0%) | $183,565 (1.6%) | 0.00 | 55 |
| 2019-06-01 | $145,000 (0.2%) | $171,557 (-1.5%) | 0.00 | 62 |
| 2019-07-01 | $148,900 (4.4%) | $163,665 (-7.8%) | 0.00 | 61 |
| 2019-08-01 | $144,223 (-2.2%) | $164,431 (-11.3%) | 0.00 | 60 |
| 2019-09-01 | $141,707 (-6.0%) | $168,154 (-10.4%) | 0.00 | 60 |
| 2019-10-01 | $139,625 (-11.1%) | $174,562 (-2.9%) | 0.00 | 62 |
| 2019-11-01 | $122,200 (-24.2%) | $179,370 (-2.8%) | 0.00 | 60 |
| 2019-12-01 | $129,900 (-16.1%) | $181,404 (-6.4%) | 0.00 | 56 |
| 2020-01-01 | $124,925 (-16.3%) | $180,582 (-4.3%) | 0.00 | 56 |
| 2020-02-01 | $129,450 (-11.6%) | $185,626 (-0.7%) | 0.00 | 52 |
| 2020-03-01 | $165,750 (6.8%) | $224,736 (13.0%) | 0.00 | 51 |
| 2020-04-01 | $179,900 (9.8%) | $230,045 (11.7%) | 0.00 | 49 |
| 2020-05-01 | $168,000 (17.9%) | $223,731 (21.9%) | 0.00 | 45 |
| 2020-06-01 | $157,475 (8.6%) | $235,176 (37.1%) | 0.00 | 39 |
| 2020-07-01 | $161,300 (8.3%) | $256,598 (56.8%) | 0.00 | 36 |
| 2020-08-01 | $162,500 (12.7%) | $237,964 (44.7%) | 0.00 | 43 |
| 2020-09-01 | $163,400 (15.3%) | $220,762 (31.3%) | 0.00 | 43 |
| 2020-10-01 | $179,900 (28.9%) | $213,507 (22.3%) | 0.00 | 51 |
| 2020-11-01 | $189,500 (55.1%) | $216,047 (20.5%) | 0.00 | 48 |
| 2020-12-01 | $168,650 (29.8%) | $204,968 (13.0%) | 0.00 | 42 |
| 2021-01-01 | $179,900 (44.0%) | $206,685 (14.5%) | 0.00 | 36 |
| 2021-02-01 | $168,725 (30.3%) | $212,241 (14.3%) | 0.00 | 37 |
| 2021-03-01 | $148,250 (-10.6%) | $197,397 (-12.2%) | 0.00 | 33 |
| 2021-04-01 | $143,575 (-20.2%) | $200,452 (-12.9%) | 0.00 | 23 |
| 2021-05-01 | $145,900 (-13.2%) | $212,165 (-5.2%) | 0.00 | 18 |
| 2021-06-01 | $179,900 (14.2%) | $224,654 (-4.5%) | 0.00 | 26 |
| 2021-07-01 | $183,700 (13.9%) | $230,573 (-10.1%) | 0.00 | 30 |
| 2021-08-01 | $169,900 (4.6%) | $221,869 (-6.8%) | 0.00 | 42 |
| 2021-09-01 | $163,700 (0.2%) | $247,319 (12.0%) | 0.00 | 41 |
| 2021-10-01 | $191,100 (6.2%) | $260,153 (21.9%) | 0.00 | 36 |
| 2021-11-01 | $198,825 (4.9%) | $251,834 (16.6%) | 0.00 | 41 |
| 2021-12-01 | $199,000 (18.0%) | $249,145 (21.6%) | 0.00 | 45 |
| 2022-01-01 | $174,900 (-2.8%) | $240,815 (16.5%) | 0.00 | 40 |
| 2022-02-01 | $167,450 (-0.8%) | $208,926 (-1.6%) | 0.00 | 33 |
| 2022-03-01 | $166,200 (12.1%) | $222,321 (12.6%) | 0.00 | 31 |
| 2022-04-01 | $184,900 (28.8%) | $221,789 (10.6%) | 0.00 | 34 |
| 2022-05-01 | $191,825 (31.5%) | $237,978 (12.2%) | 0.00 | 34 |
| 2022-06-01 | $169,900 (-5.6%) | $213,482 (-5.0%) | 0.00 | 38 |
| 2022-07-01 | $169,900 (-7.5%) | $217,643 (-5.6%) | 0.00 | 37 |
| 2022-08-01 | $181,000 (6.5%) | $233,122 (5.1%) | 0.00 | 37 |
| 2022-09-01 | $208,725 (27.5%) | $247,746 (0.2%) | 0.00 | 29 |
| 2022-10-01 | $239,900 (25.5%) | $260,131 (0.0%) | 0.00 | 34 |
| 2022-11-01 | $239,900 (20.7%) | $247,653 (-1.7%) | 0.00 | 36 |
| 2022-12-01 | $227,900 (14.5%) | $246,109 (-1.2%) | 0.00 | 35 |
| 2023-01-01 | $238,650 (36.5%) | $269,823 (12.1%) | 0.00 | 33 |
| 2023-02-01 | $239,900 (43.3%) | $271,056 (29.7%) | 0.00 | 31 |
| 2023-03-01 | $233,550 (40.5%) | $266,734 (20.0%) | 0.00 | 31 |
| 2023-04-01 | $229,000 (23.9%) | $270,412 (21.9%) | 0.00 | 32 |
| 2023-05-01 | $229,000 (19.4%) | $255,692 (7.4%) | 0.00 | 35 |
| 2023-06-01 | $227,875 (34.1%) | $258,444 (21.1%) | 0.00 | 38 |
| 2023-07-01 | $231,950 (36.5%) | $256,363 (17.8%) | 0.00 | 41 |
| 2023-08-01 | $232,400 (28.4%) | $250,647 (7.5%) | 0.00 | 39 |
| 2023-09-01 | $234,900 (12.5%) | $256,796 (3.7%) | 0.00 | 38 |
| 2023-10-01 | $222,650 (-7.2%) | $237,903 (-8.6%) | 0.00 | 44 |
| 2023-11-01 | $229,900 (-4.2%) | $244,445 (-1.3%) | 0.00 | 43 |
| 2023-12-01 | $227,450 (-0.2%) | $238,782 (-3.0%) | 0.00 | 45 |
| 2024-01-01 | $236,050 (-1.1%) | $235,407 (-12.8%) | 0.00 | 45 |
| 2024-02-01 | $242,400 (1.0%) | $243,722 (-10.1%) | 0.00 | 47 |
| 2024-03-01 | $244,900 (4.9%) | $257,457 (-3.5%) | 0.00 | 47 |
Washington's median listing price comes in at 0% of the national average.
Washington's average listing price for 2024-03-01 was $257,457, a difference of $-9,277 (-3.5%) versus the prior year and $13,735 versus the prior month.
For the 2024-03-01 period, Washington had 47 MLS listings, a difference of 0 listings (0%) versus the prior month and 16 listings (52%) 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 | 0 days | 1,659 sqft |
| 2018-02-01 | 0 days | 1,652 sqft |
| 2018-03-01 | 0 days | 1,726 sqft |
| 2018-04-01 | 0 days | 1,799 sqft |
| 2018-05-01 | 0 days | 1,833 sqft |
| 2018-06-01 | 0 days | 1,780 sqft |
| 2018-07-01 | 0 days | 1,790 sqft |
| 2018-08-01 | 0 days | 1,798 sqft |
| 2018-09-01 | 0 days | 1,805 sqft |
| 2018-10-01 | 0 days | 1,800 sqft |
| 2018-11-01 | 0 days | 1,800 sqft |
| 2018-12-01 | 0 days | 1,886 sqft |
| 2019-01-01 | 0 days | 1,874 sqft |
| 2019-02-01 | 0 days | 1,821 sqft |
| 2019-03-01 | 0 days | 1,871 sqft |
| 2019-04-01 | 0 days | 1,896 sqft |
| 2019-05-01 | 0 days | 1,800 sqft |
| 2019-06-01 | 0 days | 1,665 sqft |
| 2019-07-01 | 0 days | 1,708 sqft |
| 2019-08-01 | 0 days | 1,717 sqft |
| 2019-09-01 | 0 days | 1,718 sqft |
| 2019-10-01 | 0 days | 1,718 sqft |
| 2019-11-01 | 0 days | 1,665 sqft |
| 2019-12-01 | 0 days | 1,683 sqft |
| 2020-01-01 | 0 days | 1,740 sqft |
| 2020-02-01 | 0 days | 1,779 sqft |
| 2020-03-01 | 0 days | 1,916 sqft |
| 2020-04-01 | 0 days | 1,943 sqft |
| 2020-05-01 | 0 days | 1,884 sqft |
| 2020-06-01 | 0 days | 1,773 sqft |
| 2020-07-01 | 0 days | 1,836 sqft |
| 2020-08-01 | 0 days | 1,857 sqft |
| 2020-09-01 | 0 days | 1,769 sqft |
| 2020-10-01 | 0 days | 1,743 sqft |
| 2020-11-01 | 0 days | 1,764 sqft |
| 2020-12-01 | 0 days | 1,681 sqft |
| 2021-01-01 | 0 days | 1,711 sqft |
| 2021-02-01 | 0 days | 1,656 sqft |
| 2021-03-01 | 0 days | 1,760 sqft |
| 2021-04-01 | 0 days | 1,750 sqft |
| 2021-05-01 | 0 days | 1,706 sqft |
| 2021-06-01 | 0 days | 1,753 sqft |
| 2021-07-01 | 0 days | 1,840 sqft |
| 2021-08-01 | 0 days | 1,663 sqft |
| 2021-09-01 | 0 days | 1,688 sqft |
| 2021-10-01 | 0 days | 1,864 sqft |
| 2021-11-01 | 0 days | 1,741 sqft |
| 2021-12-01 | 0 days | 1,711 sqft |
| 2022-01-01 | 0 days | 1,665 sqft |
| 2022-02-01 | 0 days | 1,715 sqft |
| 2022-03-01 | 0 days | 1,676 sqft |
| 2022-04-01 | 0 days | 1,727 sqft |
| 2022-05-01 | 0 days | 1,727 sqft |
| 2022-06-01 | 0 days | 1,332 sqft |
| 2022-07-01 | 0 days | 1,313 sqft |
| 2022-08-01 | 0 days | 1,560 sqft |
| 2022-09-01 | 0 days | 1,715 sqft |
| 2022-10-01 | 0 days | 1,903 sqft |
| 2022-11-01 | 0 days | 1,909 sqft |
| 2022-12-01 | 0 days | 1,844 sqft |
| 2023-01-01 | 0 days | 1,935 sqft |
| 2023-02-01 | 0 days | 1,846 sqft |
| 2023-03-01 | 0 days | 1,855 sqft |
| 2023-04-01 | 0 days | 1,767 sqft |
| 2023-05-01 | 0 days | 1,654 sqft |
| 2023-06-01 | 0 days | 1,704 sqft |
| 2023-07-01 | 0 days | 1,708 sqft |
| 2023-08-01 | 0 days | 1,652 sqft |
| 2023-09-01 | 0 days | 1,569 sqft |
| 2023-10-01 | 0 days | 1,458 sqft |
| 2023-11-01 | 0 days | 1,473 sqft |
| 2023-12-01 | 0 days | 1,470 sqft |
| 2024-01-01 | 0 days | 1,548 sqft |
| 2024-02-01 | 0 days | 1,595 sqft |
| 2024-03-01 | 0 days | 1,650 sqft |
Washington's median square footage for active listings during the 2024-03-01 period was 1,650 sqft. One year prior, the average listing was 1,855 sqft.