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 6.43% 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 $3,697.

The average rate for the prior week (2024-12-06) was 6.47% and one month ago for the week of 2024-11-08, the average rate was 6.48%.

The average rate one year ago was 7.05%.

For refis of the same type during the week of 2024-12-13, the average rate was 6.1%.

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
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
2024-04-01 $249,900 (9.1%) $282,738 (4.6%) 0.00 43
2024-05-01 $250,000 (9.2%) $288,631 (12.9%) 0.00 56
2024-06-01 $249,950 (9.7%) $262,440 (1.6%) 0.00 50
2024-07-01 $237,425 (2.4%) $264,979 (3.4%) 0.00 58
2024-08-01 $232,500 (0.0%) $262,962 (4.9%) 0.00 63
2024-09-01 $229,950 (-2.1%) $260,149 (1.3%) 0.00 59
2024-10-01 $234,450 (5.3%) $246,061 (3.4%) 0.00 60
2024-11-01 $229,000 (-0.4%) $240,342 (-1.7%) 0.00 60
Washington's median listing price for 2024-11-01 was $229,000, a difference of $-900 (-0.4%) versus the prior year and $-5,450 versus the prior month.

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

Washington's average listing price for 2024-11-01 was $240,342, a difference of $-4,103 (-1.7%) versus the prior year and $-5,719 versus the prior month.

For the 2024-11-01 period, Washington had 60 MLS listings, a difference of 0 listings (0%) versus the prior month and 17 listings (40%) 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
2024-04-01 0 days 1,588 sqft
2024-05-01 0 days 1,791 sqft
2024-06-01 0 days 1,673 sqft
2024-07-01 0 days 1,734 sqft
2024-08-01 0 days 1,734 sqft
2024-09-01 0 days 1,751 sqft
2024-10-01 0 days 1,682 sqft
2024-11-01 0 days 1,722 sqft
Washington's median listing age (time on market) for 2024-11-01 was 0 days.

Washington's median square footage for active listings during the 2024-11-01 period was 1,722 sqft. One year prior, the average listing was 1,473 sqft.