Wenatchee USDA Loan Rates, Closing Costs & Stats

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 5 lenders originated 5 USDA loans during 2022. The total origination value was $1,405,000, with an average USDA loan value of $281,000.

Wenatchee USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Wenatchee averaged 6.3% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

Wenatchee's average USDA mortgage closing costs are $7,907.

The average rate for the prior week (2023-05-19) was 6.14% and one month ago for the week of 2023-04-21, the average rate was 5.85%.

The average rate one year ago was 4.97%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.11%.

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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Wenatchee level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
CALIBER HOME LOANS, INC. 1 2.75% $7,103
CARDINAL FINANCIAL 1 5.00% $18,686
ENVOY MORTGAGE, LTD 1 5.25% $7,376
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 4.50% $7,264
MANN FINANCIAL INC. 1 5.13% $10,624

The top Wenatchee USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 1 USDA loans originated. Their average total fees are $7,103, which is $11,583 lower than the next largest lender, CARDINAL FINANCIAL.

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 $397,000 (14.8%) $492,702 (-0.3%) 0.00 329
2018-02-01 $401,950 (15.6%) $505,902 (3.7%) 0.00 318
2018-03-01 $424,850 (21.4%) $538,683 (9.0%) 0.00 312
2018-04-01 $423,700 (16.9%) $542,805 (9.4%) 0.00 330
2018-05-01 $407,950 (4.1%) $535,743 (4.5%) 0.00 408
2018-06-01 $429,000 (7.3%) $557,494 (6.0%) 0.00 449
2018-07-01 $432,923 (8.3%) $544,393 (3.6%) 0.00 526
2018-08-01 $429,450 (7.9%) $543,259 (4.8%) 0.00 552
2018-09-01 $429,900 (7.5%) $554,610 (6.0%) 0.00 575
2018-10-01 $421,950 (5.6%) $557,205 (6.2%) 0.00 551
2018-11-01 $399,225 (0.1%) $542,926 (7.0%) 0.00 497
2018-12-01 $380,000 (-2.3%) $527,028 (5.8%) 0.00 434
2019-01-01 $382,925 (-3.6%) $528,686 (7.3%) 0.00 384
2019-02-01 $389,950 (-3.0%) $528,126 (4.4%) 0.00 371
2019-03-01 $389,950 (-8.2%) $546,755 (0.7%) 0.00 335
2019-04-01 $399,900 (-5.6%) $555,530 (1.1%) 0.00 358
2019-05-01 $433,950 (6.4%) $585,439 (9.3%) 0.00 425
2019-06-01 $439,000 (2.3%) $588,046 (5.5%) 0.00 481
2019-07-01 $448,475 (3.6%) $577,540 (6.1%) 0.00 516
2019-08-01 $439,000 (2.2%) $578,070 (5.2%) 0.00 537
2019-09-01 $464,000 (7.9%) $589,623 (2.1%) 0.00 499
2019-10-01 $443,000 (5.0%) $563,895 (1.0%) 0.00 516
2019-11-01 $445,000 (11.5%) $573,566 (5.6%) 0.00 465
2019-12-01 $439,900 (15.8%) $570,482 (8.3%) 0.00 397
2020-01-01 $458,450 (19.7%) $571,994 (8.2%) 0.00 323
2020-02-01 $464,950 (19.2%) $580,626 (9.9%) 0.00 299
2020-03-01 $461,950 (18.5%) $573,460 (5.7%) 0.00 342
2020-04-01 $445,000 (11.3%) $563,218 (2.7%) 0.00 347
2020-05-01 $463,900 (6.9%) $577,806 (-1.3%) 0.00 382
2020-06-01 $467,400 (6.5%) $580,591 (-1.3%) 0.00 360
2020-07-01 $459,200 (2.4%) $572,078 (-1.0%) 0.00 331
2020-08-01 $479,500 (9.2%) $602,346 (5.4%) 0.00 290
2020-09-01 $456,725 (-1.6%) $580,242 (2.5%) 0.00 282
2020-10-01 $459,000 (3.6%) $584,322 (3.8%) 0.00 259
2020-11-01 $437,248 (-1.7%) $557,521 (-2.8%) 0.00 218
2020-12-01 $426,675 (-3.0%) $555,073 (-2.7%) 0.00 163
2021-01-01 $425,000 (-7.3%) $557,866 (-2.5%) 0.00 139
2021-02-01 $422,500 (-9.1%) $624,411 (7.5%) 0.00 115
2021-03-01 $437,075 (-5.4%) $646,206 (12.7%) 0.00 122
2021-04-01 $441,625 (-0.8%) $635,543 (12.8%) 0.00 123
2021-05-01 $469,900 (1.3%) $702,228 (21.5%) 0.00 138
2021-06-01 $592,175 (26.7%) $787,708 (35.7%) 0.00 161
2021-07-01 $579,900 (26.3%) $812,709 (42.1%) 0.00 192
2021-08-01 $579,950 (21.0%) $805,967 (33.8%) 0.00 225
2021-09-01 $569,450 (24.7%) $805,782 (38.9%) 0.00 248
2021-10-01 $587,000 (27.9%) $813,908 (39.3%) 0.00 262
2021-11-01 $580,725 (32.8%) $837,961 (50.3%) 0.00 237
2021-12-01 $589,500 (38.2%) $892,890 (60.9%) 0.00 192
2022-01-01 $599,000 (40.9%) $867,031 (55.4%) 0.00 153
2022-02-01 $652,450 (54.4%) $882,556 (41.3%) 0.00 95
2022-03-01 $661,000 (51.2%) $867,996 (34.3%) 0.00 122
2022-04-01 $679,900 (54.0%) $867,459 (36.5%) 0.00 145
2022-05-01 $701,000 (49.2%) $909,999 (29.6%) 0.00 211
2022-06-01 $699,000 (18.0%) $888,430 (12.8%) 0.00 262
2022-07-01 $684,000 (18.0%) $855,762 (5.3%) 0.00 323
2022-08-01 $677,450 (16.8%) $855,484 (6.1%) 0.00 363
2022-09-01 $661,998 (16.3%) $849,859 (5.5%) 0.00 357
2022-10-01 $642,000 (9.4%) $804,464 (-1.2%) 0.00 342
2022-11-01 $615,000 (5.9%) $787,320 (-6.0%) 0.00 320
2022-12-01 $627,500 (6.5%) $796,002 (-10.9%) 0.00 250
2023-01-01 $667,248 (11.4%) $846,300 (-2.4%) 0.00 221
2023-02-01 $674,998 (3.5%) $880,901 (-0.2%) 0.00 204
2023-03-01 $660,945 (0.0%) $850,210 (-2.1%) 0.00 222
2023-04-01 $649,000 (-4.5%) $810,692 (0.0%) 0.00 237
Wenatchee's median listing price for 2023-04-01 was $649,000, a difference of $-30,900 (-4.5%) versus the prior year and $-11,945 versus the prior month.

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

Wenatchee's average listing price for 2023-04-01 was $810,692, a difference of $-56,767 (0.0%) versus the prior year and $-39,518 versus the prior month.

For the 2023-04-01 period, Wenatchee had 237 MLS listings, a difference of 15 listings (7%) versus the prior month and 92 listings (63%) 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 2,024 sqft
2018-02-01 0 days 2,019 sqft
2018-03-01 0 days 2,000 sqft
2018-04-01 0 days 1,938 sqft
2018-05-01 0 days 1,953 sqft
2018-06-01 0 days 2,016 sqft
2018-07-01 0 days 1,999 sqft
2018-08-01 0 days 1,986 sqft
2018-09-01 0 days 1,986 sqft
2018-10-01 0 days 1,992 sqft
2018-11-01 0 days 1,952 sqft
2018-12-01 0 days 1,900 sqft
2019-01-01 0 days 1,879 sqft
2019-02-01 0 days 1,855 sqft
2019-03-01 0 days 1,890 sqft
2019-04-01 0 days 1,991 sqft
2019-05-01 0 days 2,004 sqft
2019-06-01 0 days 2,016 sqft
2019-07-01 0 days 2,126 sqft
2019-08-01 0 days 2,097 sqft
2019-09-01 0 days 2,033 sqft
2019-10-01 0 days 1,930 sqft
2019-11-01 0 days 1,912 sqft
2019-12-01 0 days 1,844 sqft
2020-01-01 0 days 1,827 sqft
2020-02-01 0 days 1,869 sqft
2020-03-01 0 days 1,860 sqft
2020-04-01 0 days 1,901 sqft
2020-05-01 0 days 1,857 sqft
2020-06-01 0 days 1,928 sqft
2020-07-01 0 days 2,043 sqft
2020-08-01 0 days 2,102 sqft
2020-09-01 0 days 2,099 sqft
2020-10-01 0 days 2,050 sqft
2020-11-01 0 days 1,922 sqft
2020-12-01 0 days 1,860 sqft
2021-01-01 0 days 1,882 sqft
2021-02-01 0 days 1,925 sqft
2021-03-01 0 days 1,899 sqft
2021-04-01 0 days 1,874 sqft
2021-05-01 0 days 1,980 sqft
2021-06-01 0 days 2,010 sqft
2021-07-01 0 days 2,049 sqft
2021-08-01 0 days 2,084 sqft
2021-09-01 0 days 2,097 sqft
2021-10-01 0 days 2,150 sqft
2021-11-01 0 days 2,123 sqft
2021-12-01 0 days 2,180 sqft
2022-01-01 0 days 2,178 sqft
2022-02-01 0 days 2,003 sqft
2022-03-01 0 days 2,099 sqft
2022-04-01 0 days 2,078 sqft
2022-05-01 0 days 2,139 sqft
2022-06-01 0 days 2,026 sqft
2022-07-01 0 days 2,000 sqft
2022-08-01 0 days 2,041 sqft
2022-09-01 0 days 2,015 sqft
2022-10-01 0 days 1,988 sqft
2022-11-01 0 days 1,959 sqft
2022-12-01 0 days 2,040 sqft
2023-01-01 0 days 2,198 sqft
2023-02-01 0 days 2,270 sqft
2023-03-01 0 days 2,180 sqft
2023-04-01 0 days 2,098 sqft
Wenatchee's median listing age (time on market) for 2023-04-01 was 0 days.

Wenatchee's median square footage for active listings during the 2023-04-01 period was 2,098 sqft. One year prior, the average listing was 2,078 sqft.