Washington USDA Loan Rates, Closing Costs & Stats
Washington, NC
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 4 lenders originated 5 USDA loans during 2023. The total origination value was $965,000, with an average USDA loan value of $193,000.
Washington USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Washington
averaged
6.74%
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 $4,831.
The average rate for the prior week (2024-04-12) was
6.29% and
one month ago for the week of 2024-03-15, the
average rate was 6.38%.
The average rate one year ago was 6.02%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
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 |
|---|---|---|---|
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 2 | 6.50% | $7,292 |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 1 | 6.75% | $12,662 |
| CORNERSTONE HOME LENDING, INC. | 1 | 5.63% | $10,666 |
| Towne Bank | 1 | 6.00% | $5,906 |
The top Washington USDA lender as defined by loan originations is AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC, with
2 USDA loans originated. Their average total fees are
$7,292, which is $5,370
lower than the next largest lender,
ATLANTIC BAY MORTGAGE GROUP, L.L.C..
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 | $238,750 (19.4%) | $260,876 (7.2%) | 0.00 | 317 |
| 2018-02-01 | $241,800 (10.2%) | $260,749 (2.6%) | 0.00 | 312 |
| 2018-03-01 | $249,900 (1.3%) | $263,230 (-0.7%) | 0.00 | 312 |
| 2018-04-01 | $249,900 (-3.5%) | $266,120 (-3.1%) | 0.00 | 335 |
| 2018-05-01 | $256,950 (-4.2%) | $271,863 (-3.4%) | 0.00 | 347 |
| 2018-06-01 | $249,900 (-9.1%) | $278,904 (-3.4%) | 0.00 | 333 |
| 2018-07-01 | $252,400 (-8.2%) | $288,110 (-0.8%) | 0.00 | 326 |
| 2018-08-01 | $249,900 (-3.5%) | $290,313 (2.7%) | 0.00 | 311 |
| 2018-09-01 | $248,450 (-0.6%) | $286,107 (3.1%) | 0.00 | 307 |
| 2018-10-01 | $245,000 (-1.7%) | $281,816 (4.4%) | 0.00 | 292 |
| 2018-11-01 | $243,700 (-2.5%) | $280,461 (3.3%) | 0.00 | 290 |
| 2018-12-01 | $245,000 (1.0%) | $281,559 (6.7%) | 0.00 | 274 |
| 2019-01-01 | $243,650 (2.1%) | $280,720 (7.6%) | 0.00 | 260 |
| 2019-02-01 | $249,900 (3.4%) | $289,286 (10.9%) | 0.00 | 257 |
| 2019-03-01 | $261,164 (4.5%) | $296,656 (12.7%) | 0.00 | 261 |
| 2019-04-01 | $264,664 (5.9%) | $304,056 (14.3%) | 0.00 | 264 |
| 2019-05-01 | $273,675 (6.5%) | $309,234 (13.8%) | 0.00 | 271 |
| 2019-06-01 | $274,900 (10.0%) | $307,481 (10.3%) | 0.00 | 283 |
| 2019-07-01 | $275,000 (9.0%) | $311,912 (8.3%) | 0.00 | 279 |
| 2019-08-01 | $281,209 (12.5%) | $320,331 (10.3%) | 0.00 | 262 |
| 2019-09-01 | $283,173 (14.0%) | $326,608 (14.2%) | 0.00 | 251 |
| 2019-10-01 | $284,482 (16.1%) | $326,354 (15.8%) | 0.00 | 237 |
| 2019-11-01 | $269,900 (10.8%) | $311,402 (11.0%) | 0.00 | 233 |
| 2019-12-01 | $266,000 (8.6%) | $309,519 (9.9%) | 0.00 | 231 |
| 2020-01-01 | $259,650 (6.6%) | $301,137 (7.3%) | 0.00 | 223 |
| 2020-02-01 | $259,900 (4.0%) | $302,889 (4.7%) | 0.00 | 217 |
| 2020-03-01 | $259,450 (-0.7%) | $297,152 (0.2%) | 0.00 | 219 |
| 2020-04-01 | $254,725 (-3.8%) | $295,058 (-3.0%) | 0.00 | 216 |
| 2020-05-01 | $259,200 (-5.3%) | $296,387 (-4.2%) | 0.00 | 196 |
| 2020-06-01 | $261,250 (-5.0%) | $303,696 (-1.2%) | 0.00 | 177 |
| 2020-07-01 | $259,975 (-5.5%) | $310,099 (-0.6%) | 0.00 | 161 |
| 2020-08-01 | $249,900 (-11.1%) | $307,982 (-3.9%) | 0.00 | 153 |
| 2020-09-01 | $274,825 (-3.0%) | $315,722 (-3.3%) | 0.00 | 139 |
| 2020-10-01 | $255,000 (-10.4%) | $309,174 (-5.3%) | 0.00 | 119 |
| 2020-11-01 | $252,500 (-6.5%) | $306,632 (-1.5%) | 0.00 | 108 |
| 2020-12-01 | $280,625 (5.5%) | $354,729 (14.6%) | 0.00 | 96 |
| 2021-01-01 | $293,000 (12.8%) | $376,303 (25.0%) | 0.00 | 89 |
| 2021-02-01 | $294,000 (13.1%) | $380,381 (25.6%) | 0.00 | 71 |
| 2021-03-01 | $296,392 (14.2%) | $370,455 (24.7%) | 0.00 | 69 |
| 2021-04-01 | $304,367 (19.5%) | $381,640 (29.3%) | 0.00 | 64 |
| 2021-05-01 | $324,950 (25.4%) | $388,953 (31.2%) | 0.00 | 61 |
| 2021-06-01 | $340,950 (30.5%) | $396,347 (30.5%) | 0.00 | 57 |
| 2021-07-01 | $299,000 (15.0%) | $366,668 (18.2%) | 0.00 | 65 |
| 2021-08-01 | $318,000 (27.3%) | $382,555 (24.2%) | 0.00 | 68 |
| 2021-09-01 | $256,200 (-6.8%) | $335,883 (6.4%) | 0.00 | 76 |
| 2021-10-01 | $269,900 (5.8%) | $354,688 (14.7%) | 0.00 | 72 |
| 2021-11-01 | $274,900 (8.9%) | $335,172 (9.3%) | 0.00 | 61 |
| 2021-12-01 | $289,450 (3.1%) | $340,700 (-4.0%) | 0.00 | 61 |
| 2022-01-01 | $259,450 (-11.5%) | $335,970 (-10.7%) | 0.00 | 60 |
| 2022-02-01 | $262,400 (-10.8%) | $327,681 (-13.9%) | 0.00 | 53 |
| 2022-03-01 | $282,500 (-4.7%) | $317,007 (-14.4%) | 0.00 | 47 |
| 2022-04-01 | $322,000 (5.8%) | $373,522 (-2.1%) | 0.00 | 53 |
| 2022-05-01 | $312,000 (-4.0%) | $365,549 (-6.0%) | 0.00 | 61 |
| 2022-06-01 | $322,225 (-5.5%) | $384,631 (-3.0%) | 0.00 | 75 |
| 2022-07-01 | $311,500 (4.2%) | $382,100 (4.2%) | 0.00 | 87 |
| 2022-08-01 | $311,225 (-2.1%) | $383,016 (0.1%) | 0.00 | 89 |
| 2022-09-01 | $288,500 (12.6%) | $351,724 (4.7%) | 0.00 | 82 |
| 2022-10-01 | $312,000 (15.6%) | $396,220 (11.7%) | 0.00 | 86 |
| 2022-11-01 | $306,000 (11.3%) | $384,382 (14.7%) | 0.00 | 95 |
| 2022-12-01 | $308,950 (6.7%) | $384,876 (13.0%) | 0.00 | 78 |
| 2023-01-01 | $299,360 (15.4%) | $363,931 (8.3%) | 0.00 | 75 |
| 2023-02-01 | $309,975 (18.1%) | $377,128 (15.1%) | 0.00 | 60 |
| 2023-03-01 | $329,725 (16.7%) | $399,012 (25.9%) | 0.00 | 61 |
| 2023-04-01 | $329,900 (2.5%) | $434,870 (16.4%) | 0.00 | 61 |
| 2023-05-01 | $339,195 (8.7%) | $481,816 (31.8%) | 0.00 | 76 |
| 2023-06-01 | $324,365 (0.7%) | $485,027 (26.1%) | 0.00 | 92 |
| 2023-07-01 | $339,000 (8.8%) | $472,438 (23.6%) | 0.00 | 95 |
| 2023-08-01 | $335,623 (7.8%) | $473,851 (23.7%) | 0.00 | 87 |
| 2023-09-01 | $349,945 (21.3%) | $479,253 (36.3%) | 0.00 | 72 |
| 2023-10-01 | $375,000 (20.2%) | $485,497 (22.5%) | 0.00 | 76 |
| 2023-11-01 | $372,450 (21.7%) | $447,440 (16.4%) | 0.00 | 80 |
| 2023-12-01 | $375,000 (21.4%) | $445,665 (15.8%) | 0.00 | 73 |
| 2024-01-01 | $389,500 (30.1%) | $427,881 (17.6%) | 0.00 | 78 |
| 2024-02-01 | $373,725 (20.6%) | $422,708 (12.1%) | 0.00 | 94 |
| 2024-03-01 | $399,500 (21.2%) | $426,716 (6.9%) | 0.00 | 105 |
Washington's median listing price comes in at 0% of the national average.
Washington's average listing price for 2024-03-01 was $426,716, a difference of $27,704 (6.9%) versus the prior year and $4,008 versus the prior month.
For the 2024-03-01 period, Washington had 105 MLS listings, a difference of 11 listings (12%) versus the prior month and 44 listings (72%) 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 | 2,052 sqft |
| 2018-02-01 | 0 days | 2,060 sqft |
| 2018-03-01 | 0 days | 2,021 sqft |
| 2018-04-01 | 0 days | 2,004 sqft |
| 2018-05-01 | 0 days | 2,050 sqft |
| 2018-06-01 | 0 days | 2,000 sqft |
| 2018-07-01 | 0 days | 2,050 sqft |
| 2018-08-01 | 0 days | 2,061 sqft |
| 2018-09-01 | 0 days | 2,000 sqft |
| 2018-10-01 | 0 days | 1,975 sqft |
| 2018-11-01 | 0 days | 1,960 sqft |
| 2018-12-01 | 0 days | 1,950 sqft |
| 2019-01-01 | 0 days | 1,948 sqft |
| 2019-02-01 | 0 days | 1,948 sqft |
| 2019-03-01 | 0 days | 1,984 sqft |
| 2019-04-01 | 0 days | 2,030 sqft |
| 2019-05-01 | 0 days | 1,994 sqft |
| 2019-06-01 | 0 days | 2,051 sqft |
| 2019-07-01 | 0 days | 2,051 sqft |
| 2019-08-01 | 0 days | 2,087 sqft |
| 2019-09-01 | 0 days | 2,121 sqft |
| 2019-10-01 | 0 days | 2,144 sqft |
| 2019-11-01 | 0 days | 2,036 sqft |
| 2019-12-01 | 0 days | 2,033 sqft |
| 2020-01-01 | 0 days | 2,006 sqft |
| 2020-02-01 | 0 days | 2,012 sqft |
| 2020-03-01 | 0 days | 2,044 sqft |
| 2020-04-01 | 0 days | 2,024 sqft |
| 2020-05-01 | 0 days | 2,077 sqft |
| 2020-06-01 | 0 days | 2,077 sqft |
| 2020-07-01 | 0 days | 2,083 sqft |
| 2020-08-01 | 0 days | 2,050 sqft |
| 2020-09-01 | 0 days | 2,091 sqft |
| 2020-10-01 | 0 days | 2,100 sqft |
| 2020-11-01 | 0 days | 1,996 sqft |
| 2020-12-01 | 0 days | 2,105 sqft |
| 2021-01-01 | 0 days | 2,180 sqft |
| 2021-02-01 | 0 days | 2,138 sqft |
| 2021-03-01 | 0 days | 2,030 sqft |
| 2021-04-01 | 0 days | 2,140 sqft |
| 2021-05-01 | 0 days | 2,111 sqft |
| 2021-06-01 | 0 days | 1,983 sqft |
| 2021-07-01 | 0 days | 1,908 sqft |
| 2021-08-01 | 0 days | 2,005 sqft |
| 2021-09-01 | 0 days | 1,899 sqft |
| 2021-10-01 | 0 days | 1,977 sqft |
| 2021-11-01 | 0 days | 2,000 sqft |
| 2021-12-01 | 0 days | 2,024 sqft |
| 2022-01-01 | 0 days | 1,842 sqft |
| 2022-02-01 | 0 days | 1,776 sqft |
| 2022-03-01 | 0 days | 1,845 sqft |
| 2022-04-01 | 0 days | 1,863 sqft |
| 2022-05-01 | 0 days | 1,869 sqft |
| 2022-06-01 | 0 days | 1,878 sqft |
| 2022-07-01 | 0 days | 1,785 sqft |
| 2022-08-01 | 0 days | 1,792 sqft |
| 2022-09-01 | 0 days | 1,732 sqft |
| 2022-10-01 | 0 days | 1,787 sqft |
| 2022-11-01 | 0 days | 1,929 sqft |
| 2022-12-01 | 0 days | 2,026 sqft |
| 2023-01-01 | 0 days | 1,869 sqft |
| 2023-02-01 | 0 days | 2,020 sqft |
| 2023-03-01 | 0 days | 2,026 sqft |
| 2023-04-01 | 0 days | 2,028 sqft |
| 2023-05-01 | 0 days | 2,055 sqft |
| 2023-06-01 | 0 days | 2,141 sqft |
| 2023-07-01 | 0 days | 2,030 sqft |
| 2023-08-01 | 0 days | 2,076 sqft |
| 2023-09-01 | 0 days | 2,120 sqft |
| 2023-10-01 | 0 days | 2,117 sqft |
| 2023-11-01 | 0 days | 2,036 sqft |
| 2023-12-01 | 0 days | 1,997 sqft |
| 2024-01-01 | 0 days | 1,842 sqft |
| 2024-02-01 | 0 days | 1,871 sqft |
| 2024-03-01 | 0 days | 1,963 sqft |
Washington's median square footage for active listings during the 2024-03-01 period was 1,963 sqft. One year prior, the average listing was 2,026 sqft.