Yakima USDA Loans

YAKIMA, 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.

Yakima's 18 lenders originated 27 USDA loans during 2021. The total origination value was $7,735,000, with an average USDA loan value of $286,481.

Yakima USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Yakima averaged 5.41% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.24% and one month ago for the week of 2022-04-08, the average rate was 5%.

The average rate one year ago was 3.32%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.07%.

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

Yakima 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 Yakima level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.46% $9,405
ACADEMY MORTGAGE CORPORATION 3 3.08% $9,769
CALIBER HOME LOANS, INC. 2 2.75% $8,000
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.13% $8,307
CORNERSTONE HOME LENDING, INC. 1 3.25% $6,685
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 3.25% $7,558
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.88% $6,702
Flagstar Bank, FSB 1 2.83% $3,647
GUILD MORTGAGE COMPANY 1 2.75% $7,706
PENNYMAC LOAN SERVICES, LLC 1 2.75% $3,928
Solarity Credit Union 1 2.63% $5,073
SUMMIT FUNDING, INC. 1 3.75% $7,024
Umpqua Bank 1 2.50% $9,052
U.S. Bank 1 3.13% $4,924
Willamette Valley Bank 1 3.25% $6,111
Banner Bank 1 2.50% $5,739
BROKER SOLUTIONS, INC. 1 3.99% $9,481
CHURCHILL MORTGAGE CORPORATION 1 2.50% $6,708

The top Yakima USDA lender as defined by loan originations is HOMEBRIDGE FINANCIAL SERVICES, INC., with 3 USDA loans originated. Their average total fees are $9,405, which is $364 lower than the next largest lender, ACADEMY MORTGAGE CORPORATION.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Yakima (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 $254,250 (5.1%) $317,595 (9.5%) 0.94 325
2018-02-01 $269,450 (12.3%) $343,446 (19.1%) 0.97 298
2018-03-01 $285,000 (24.0%) $369,244 (30.4%) 0.99 292
2018-04-01 $293,000 (27.4%) $369,629 (30.9%) 0.98 316
2018-05-01 $289,900 (17.6%) $360,903 (25.6%) 0.97 341
2018-06-01 $285,000 (15.6%) $364,984 (25.0%) 0.95 366
2018-07-01 $282,250 (13.4%) $361,609 (24.5%) 0.94 382
2018-08-01 $282,925 (19.4%) $370,315 (29.3%) 0.95 388
2018-09-01 $294,450 (21.7%) $361,814 (21.2%) 0.98 413
2018-10-01 $281,200 (17.2%) $354,251 (19.3%) 0.94 432
2018-11-01 $289,450 (17.1%) $362,006 (20.7%) 0.97 408
2018-12-01 $299,000 (16.3%) $359,286 (16.5%) 1.02 383
2019-01-01 $289,500 (13.9%) $347,677 (9.5%) 1.00 348
2019-02-01 $294,900 (9.5%) $354,743 (3.3%) 0.99 340
2019-03-01 $307,800 (8.0%) $363,241 (-1.6%) 1.00 331
2019-04-01 $322,800 (10.2%) $371,050 (0.4%) 1.02 337
2019-05-01 $319,700 (10.3%) $363,740 (0.8%) 0.99 351
2019-06-01 $325,000 (14.0%) $369,462 (1.2%) 1.00 400
2019-07-01 $324,900 (15.1%) $372,985 (3.2%) 1.01 387
2019-08-01 $315,000 (11.3%) $361,368 (-2.4%) 0.99 370
2019-09-01 $315,000 (7.0%) $347,556 (-3.9%) 1.00 376
2019-10-01 $321,714 (14.4%) $359,565 (1.5%) 1.03 390
2019-11-01 $320,000 (10.6%) $361,683 (-0.1%) 1.03 367
2019-12-01 $327,000 (9.4%) $363,887 (1.3%) 1.09 347
2020-01-01 $304,950 (5.3%) $361,940 (4.1%) 1.02 307
2020-02-01 $299,000 (1.4%) $356,980 (0.6%) 0.96 290
2020-03-01 $334,950 (8.8%) $391,092 (7.7%) 1.05 272
2020-04-01 $342,250 (6.0%) $381,381 (2.8%) 1.07 264
2020-05-01 $349,900 (9.5%) $392,192 (7.8%) 1.06 252
2020-06-01 $374,500 (15.2%) $401,654 (8.7%) 1.09 240
2020-07-01 $389,900 (20.0%) $418,117 (12.1%) 1.12 214
2020-08-01 $389,000 (23.5%) $415,767 (15.1%) 1.11 192
2020-09-01 $382,200 (21.3%) $413,819 (19.1%) 1.09 208
2020-10-01 $345,000 (7.2%) $413,089 (14.9%) 0.99 227
2020-11-01 $349,000 (9.1%) $434,606 (20.2%) 1.00 211
2020-12-01 $345,000 (5.5%) $430,088 (18.2%) 1.01 191
2021-01-01 $347,990 (14.1%) $422,618 (16.8%) 1.02 177
2021-02-01 $332,500 (11.2%) $408,269 (14.4%) 0.96 157
2021-03-01 $349,700 (4.4%) $430,835 (10.2%) 0.98 148
2021-04-01 $344,450 (0.6%) $405,269 (6.3%) 0.93 147
2021-05-01 $329,000 (-6.0%) $392,423 (0.1%) 0.87 157
2021-06-01 $339,500 (-9.4%) $389,188 (-3.1%) 0.88 192
2021-07-01 $356,543 (-8.6%) $415,127 (-0.7%) 0.93 224
2021-08-01 $357,450 (-8.1%) $416,038 (0.1%) 0.94 237
2021-09-01 $369,925 (-3.2%) $414,944 (0.3%) 0.97 276
2021-10-01 $370,194 (7.3%) $415,879 (0.7%) 0.97 261
2021-11-01 $387,450 (11.0%) $426,441 (-1.9%) 1.02 269
2021-12-01 $385,000 (11.6%) $431,687 (0.4%) 1.03 232
2022-01-01 $389,900 (12.0%) $424,450 (0.4%) 1.04 186
2022-02-01 $396,500 (19.3%) $454,296 (11.3%) 1.01 164
2022-03-01 $394,425 (12.8%) $466,703 (8.3%) 0.97 163
2022-04-01 $430,000 (24.8%) $504,541 (24.5%) 1.01 177
Yakima's median listing price for 2022-04-01 was $430,000, a difference of $85,550 (24.8%) versus the prior year and $35,575 versus the prior month.

Yakima's median listing price comes in at 101% of the national average.

Yakima's average listing price for 2022-04-01 was $504,541, a difference of $99,272 (24.5%) versus the prior year and $37,838 versus the prior month.

For the 2022-04-01 period, Yakima had 177 MLS listings, a difference of 14 listings (9%) versus the prior month and 30 listings (20%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Yakima (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 86 days 1,955 sqft
2018-02-01 81 days 1,960 sqft
2018-03-01 46 days 1,999 sqft
2018-04-01 47 days 2,005 sqft
2018-05-01 44 days 1,941 sqft
2018-06-01 45 days 1,963 sqft
2018-07-01 52 days 1,945 sqft
2018-08-01 57 days 1,964 sqft
2018-09-01 49 days 1,976 sqft
2018-10-01 49 days 1,927 sqft
2018-11-01 60 days 1,948 sqft
2018-12-01 79 days 1,992 sqft
2019-01-01 79 days 1,940 sqft
2019-02-01 71 days 1,973 sqft
2019-03-01 66 days 1,971 sqft
2019-04-01 53 days 1,985 sqft
2019-05-01 43 days 1,955 sqft
2019-06-01 46 days 2,016 sqft
2019-07-01 49 days 2,002 sqft
2019-08-01 46 days 1,972 sqft
2019-09-01 49 days 1,947 sqft
2019-10-01 50 days 1,959 sqft
2019-11-01 53 days 1,973 sqft
2019-12-01 62 days 2,067 sqft
2020-01-01 77 days 1,964 sqft
2020-02-01 67 days 1,964 sqft
2020-03-01 47 days 2,063 sqft
2020-04-01 51 days 2,094 sqft
2020-05-01 56 days 2,084 sqft
2020-06-01 49 days 2,118 sqft
2020-07-01 48 days 2,088 sqft
2020-08-01 44 days 2,116 sqft
2020-09-01 34 days 2,079 sqft
2020-10-01 32 days 1,947 sqft
2020-11-01 47 days 1,973 sqft
2020-12-01 53 days 1,952 sqft
2021-01-01 59 days 1,850 sqft
2021-02-01 36 days 1,820 sqft
2021-03-01 29 days 1,774 sqft
2021-04-01 28 days 1,825 sqft
2021-05-01 24 days 1,774 sqft
2021-06-01 24 days 1,800 sqft
2021-07-01 26 days 1,800 sqft
2021-08-01 26 days 1,801 sqft
2021-09-01 29 days 1,860 sqft
2021-10-01 38 days 1,824 sqft
2021-11-01 36 days 1,859 sqft
2021-12-01 45 days 1,806 sqft
2022-01-01 53 days 1,709 sqft
2022-02-01 59 days 1,781 sqft
2022-03-01 44 days 1,813 sqft
2022-04-01 36 days 1,938 sqft
Yakima's median listing age (time on market) for 2022-04-01 was 36 days. This is 29% longer than the same period one year ago.

Yakima's median square footage for active listings during the 2022-04-01 period was 1,938 sqft. One year prior, the average listing was 1,825 sqft.