Wenatchee USDA Loans

WENATCHEE, WA

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.

Wenatchee's 12 lenders originated 15 USDA loans during 2021. The total origination value was $5,715,000, with an average USDA loan value of $381,000.

Wenatchee USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Wenatchee averaged 5.2% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.48% and one month ago for the week of 2022-04-15, the average rate was 5.28%.

The average rate one year ago was 3.13%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.36%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Wenatchee USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Wenatchee level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.17% $13,898
BAY EQUITY LLC 1 2.25% $14,305
CALIBER HOME LOANS, INC. 1 2.65% $7,818
CITYWIDE HOME LOANS, LLC 1 3.63% $5,568
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 3.63% $7,852
GUILD MORTGAGE COMPANY 1 3.13% $7,342
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.38% $18,491
KELLER MORTGAGE, LLC 1 2.88% $5,668
LEADERONE FINANCIAL CORPORATION 1 2.88% $7,261
RANLIFE, INC. 1 2.88% $7,215
Banner Bank 1 2.25% $6,729
UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $8,716

The top Wenatchee USDA lender as defined by loan originations is CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP, with 3 USDA loans originated. Their average total fees are $13,898, which is $407 lower than the next largest lender, BAY EQUITY LLC.

The lowest fee Wenatchee USDA lenders (with over 10 loans originated) are .

The lowest rate Wenatchee USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Wenatchee (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 $399,450 (15.3%) $495,382 (-0.4%) 0.00 363
2018-02-01 $401,950 (15.9%) $509,692 (4.5%) 0.00 358
2018-03-01 $419,000 (16.6%) $536,836 (8.2%) 0.00 352
2018-04-01 $427,000 (17.0%) $546,654 (9.6%) 0.00 367
2018-05-01 $419,900 (7.0%) $542,601 (5.4%) 0.00 458
2018-06-01 $449,000 (12.3%) $571,288 (7.4%) 0.00 520
2018-07-01 $446,500 (11.7%) $557,332 (4.6%) 0.00 618
2018-08-01 $442,200 (10.8%) $555,524 (6.7%) 0.00 642
2018-09-01 $449,000 (12.3%) $562,412 (7.5%) 0.00 675
2018-10-01 $434,000 (8.8%) $563,681 (7.1%) 0.00 649
2018-11-01 $402,900 (2.0%) $544,507 (7.1%) 0.00 582
2018-12-01 $389,890 (0.2%) $529,739 (7.0%) 0.00 491
2019-01-01 $384,950 (-3.6%) $530,097 (7.0%) 0.00 435
2019-02-01 $391,975 (-2.5%) $535,255 (5.0%) 0.00 426
2019-03-01 $399,900 (-4.6%) $553,121 (3.0%) 0.00 405
2019-04-01 $409,900 (-4.0%) $563,671 (3.1%) 0.00 403
2019-05-01 $436,500 (4.0%) $597,210 (10.1%) 0.00 477
2019-06-01 $444,000 (-1.1%) $598,232 (4.7%) 0.00 549
2019-07-01 $444,450 (-0.5%) $581,005 (4.3%) 0.00 590
2019-08-01 $441,407 (-0.2%) $580,553 (4.5%) 0.00 601
2019-09-01 $448,882 (0.0%) $578,103 (2.8%) 0.00 596
2019-10-01 $434,500 (0.1%) $558,552 (-0.9%) 0.00 603
2019-11-01 $435,000 (8.0%) $569,092 (4.5%) 0.00 549
2019-12-01 $439,900 (12.8%) $568,975 (7.4%) 0.00 470
2020-01-01 $453,950 (17.9%) $572,090 (7.9%) 0.00 383
2020-02-01 $465,000 (18.6%) $575,649 (7.6%) 0.00 353
2020-03-01 $457,000 (14.3%) $563,643 (1.9%) 0.00 405
2020-04-01 $434,700 (6.1%) $543,010 (-3.7%) 0.00 414
2020-05-01 $464,000 (6.3%) $563,406 (-5.7%) 0.00 463
2020-06-01 $447,500 (0.8%) $550,511 (-8.0%) 0.00 438
2020-07-01 $447,900 (0.8%) $551,064 (-5.2%) 0.00 382
2020-08-01 $464,900 (5.3%) $579,560 (-0.2%) 0.00 325
2020-09-01 $452,000 (0.7%) $567,458 (-1.8%) 0.00 323
2020-10-01 $449,900 (3.5%) $560,475 (0.3%) 0.00 310
2020-11-01 $413,950 (-4.8%) $530,893 (-6.7%) 0.00 257
2020-12-01 $417,450 (-5.1%) $535,876 (-5.8%) 0.00 202
2021-01-01 $434,995 (-4.2%) $571,659 (-0.1%) 0.00 154
2021-02-01 $418,400 (-10.0%) $608,386 (5.7%) 0.00 124
2021-03-01 $436,950 (-4.4%) $632,689 (12.3%) 0.00 129
2021-04-01 $452,400 (4.1%) $643,244 (18.5%) 0.00 135
2021-05-01 $489,900 (5.6%) $683,572 (21.3%) 0.00 151
2021-06-01 $529,475 (18.3%) $747,461 (35.8%) 0.00 178
2021-07-01 $579,450 (29.4%) $792,138 (43.8%) 0.00 214
2021-08-01 $547,500 (17.8%) $770,976 (33.0%) 0.00 254
2021-09-01 $559,000 (23.7%) $773,946 (36.4%) 0.00 287
2021-10-01 $559,000 (24.3%) $790,253 (41.0%) 0.00 312
2021-11-01 $567,000 (37.0%) $805,949 (51.8%) 0.00 282
2021-12-01 $594,000 (42.3%) $866,811 (61.8%) 0.00 230
2022-01-01 $600,000 (37.9%) $854,501 (49.5%) 0.00 178
2022-02-01 $621,900 (48.6%) $863,247 (41.9%) 0.00 112
2022-03-01 $649,500 (48.6%) $850,673 (34.5%) 0.00 130
2022-04-01 $649,000 (43.5%) $849,986 (32.1%) 0.00 155
Wenatchee's median listing price for 2022-04-01 was $649,000, a difference of $196,600 (43.5%) versus the prior year and $-500 versus the prior month.

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

Wenatchee's average listing price for 2022-04-01 was $849,986, a difference of $206,742 (32.1%) versus the prior year and $-687 versus the prior month.

For the 2022-04-01 period, Wenatchee had 155 MLS listings, a difference of 25 listings (19%) versus the prior month and 20 listings (15%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Wenatchee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,030 sqft
2018-02-01 0 days 2,013 sqft
2018-03-01 0 days 1,992 sqft
2018-04-01 0 days 1,963 sqft
2018-05-01 0 days 1,987 sqft
2018-06-01 0 days 2,035 sqft
2018-07-01 0 days 2,025 sqft
2018-08-01 0 days 1,995 sqft
2018-09-01 0 days 1,986 sqft
2018-10-01 0 days 2,026 sqft
2018-11-01 0 days 1,985 sqft
2018-12-01 0 days 1,920 sqft
2019-01-01 0 days 1,910 sqft
2019-02-01 0 days 1,884 sqft
2019-03-01 0 days 1,938 sqft
2019-04-01 0 days 2,028 sqft
2019-05-01 0 days 2,046 sqft
2019-06-01 0 days 2,016 sqft
2019-07-01 0 days 2,148 sqft
2019-08-01 0 days 2,088 sqft
2019-09-01 0 days 2,021 sqft
2019-10-01 0 days 1,964 sqft
2019-11-01 0 days 1,924 sqft
2019-12-01 0 days 1,889 sqft
2020-01-01 0 days 1,909 sqft
2020-02-01 0 days 1,919 sqft
2020-03-01 0 days 1,908 sqft
2020-04-01 0 days 1,907 sqft
2020-05-01 0 days 1,824 sqft
2020-06-01 0 days 1,900 sqft
2020-07-01 0 days 2,024 sqft
2020-08-01 0 days 2,080 sqft
2020-09-01 0 days 2,142 sqft
2020-10-01 0 days 2,079 sqft
2020-11-01 0 days 1,956 sqft
2020-12-01 0 days 1,871 sqft
2021-01-01 0 days 1,916 sqft
2021-02-01 0 days 1,883 sqft
2021-03-01 0 days 1,872 sqft
2021-04-01 0 days 1,935 sqft
2021-05-01 0 days 1,993 sqft
2021-06-01 0 days 1,985 sqft
2021-07-01 0 days 2,068 sqft
2021-08-01 0 days 2,092 sqft
2021-09-01 0 days 2,097 sqft
2021-10-01 0 days 2,178 sqft
2021-11-01 0 days 2,136 sqft
2021-12-01 0 days 2,224 sqft
2022-01-01 0 days 2,253 sqft
2022-02-01 0 days 2,047 sqft
2022-03-01 0 days 2,066 sqft
2022-04-01 0 days 2,052 sqft
Wenatchee's median listing age (time on market) for 2022-04-01 was 0 days.

Wenatchee's median square footage for active listings during the 2022-04-01 period was 2,052 sqft. One year prior, the average listing was 1,935 sqft.