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%.
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 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 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.