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%.
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 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 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.
