Yakima USDA Loan Rates, Closing Costs & Stats

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 7 lenders originated 8 USDA loans during 2022. The total origination value was $2,120,000, with an average USDA loan value of $265,000.

Yakima USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Yakima averaged 6.44% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Yakima's average USDA mortgage closing costs are $6,470.

The average rate for the prior week (2024-02-23) was 6.59% and one month ago for the week of 2024-01-26, the average rate was 6.35%.

The average rate one year ago was 6.22%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.84%.

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

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Banner Bank 2 4.88% $9,642
CALIBER HOME LOANS, INC. 1 3.25% $5,979
ACADEMY MORTGAGE CORPORATION 1 5.00% $10,346
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.63% $5,821
Solarity Credit Union 1 6.50% $3,896
UNITED WHOLESALE MORTGAGE, LLC 1 7.00% $5,724
Equity Prime Mortgage LLC 1 2.63% $8,645

The top Yakima USDA lender as defined by loan originations is Banner Bank, with 2 USDA loans originated. Their average total fees are $9,642, which is $3,663 higher than the next largest lender, CALIBER HOME LOANS, INC..

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 $257,300 (6.3%) $323,394 (10.8%) 0.95 312
2018-02-01 $270,798 (12.9%) $349,371 (19.2%) 0.98 286
2018-03-01 $289,500 (23.2%) $369,237 (29.3%) 1.02 275
2018-04-01 $298,975 (30.1%) $379,533 (32.8%) 1.01 291
2018-05-01 $291,451 (17.4%) $366,815 (26.4%) 0.97 312
2018-06-01 $290,000 (17.8%) $369,889 (25.7%) 0.97 333
2018-07-01 $287,475 (15.9%) $365,676 (24.3%) 0.96 353
2018-08-01 $289,500 (18.2%) $374,271 (26.4%) 0.97 353
2018-09-01 $295,000 (18.0%) $364,647 (19.0%) 0.99 375
2018-10-01 $283,221 (13.3%) $355,046 (16.2%) 0.96 387
2018-11-01 $290,959 (16.4%) $365,461 (18.6%) 0.99 364
2018-12-01 $299,950 (15.8%) $364,494 (16.4%) 1.03 335
2019-01-01 $289,900 (12.7%) $357,344 (10.5%) 1.00 305
2019-02-01 $298,450 (10.2%) $366,937 (5.0%) 1.01 296
2019-03-01 $319,979 (10.5%) $377,020 (2.1%) 1.05 292
2019-04-01 $329,979 (10.4%) $379,570 (0.0%) 1.05 294
2019-05-01 $324,800 (11.4%) $369,742 (0.8%) 1.02 308
2019-06-01 $335,000 (15.5%) $377,539 (2.1%) 1.05 346
2019-07-01 $326,125 (13.4%) $378,251 (3.4%) 1.02 340
2019-08-01 $318,564 (10.0%) $372,652 (-0.4%) 1.01 331
2019-09-01 $316,559 (7.3%) $364,032 (-0.2%) 1.01 348
2019-10-01 $317,723 (12.2%) $360,869 (1.6%) 1.03 350
2019-11-01 $322,500 (10.8%) $366,948 (0.4%) 1.06 331
2019-12-01 $319,950 (6.7%) $363,134 (-0.4%) 1.07 306
2020-01-01 $303,700 (4.8%) $363,781 (1.8%) 1.01 269
2020-02-01 $296,750 (-0.6%) $363,870 (-0.8%) 0.97 256
2020-03-01 $334,925 (4.7%) $394,527 (4.6%) 1.05 246
2020-04-01 $338,750 (2.7%) $384,581 (1.3%) 1.06 244
2020-05-01 $345,000 (6.2%) $390,166 (5.5%) 1.05 228
2020-06-01 $360,000 (7.5%) $400,171 (6.0%) 1.06 223
2020-07-01 $386,125 (18.4%) $421,393 (11.4%) 1.12 194
2020-08-01 $385,000 (20.9%) $413,073 (10.9%) 1.10 167
2020-09-01 $375,000 (18.5%) $416,813 (14.5%) 1.07 184
2020-10-01 $342,000 (7.6%) $411,988 (14.2%) 0.98 199
2020-11-01 $349,000 (8.2%) $433,834 (18.2%) 1.02 186
2020-12-01 $342,560 (7.1%) $425,599 (17.2%) 1.02 170
2021-01-01 $349,000 (14.9%) $421,451 (15.9%) 1.04 155
2021-02-01 $335,000 (12.9%) $405,155 (11.4%) 0.98 136
2021-03-01 $346,500 (3.5%) $425,235 (7.8%) 0.98 133
2021-04-01 $347,250 (2.5%) $404,975 (5.3%) 0.94 134
2021-05-01 $337,500 (-2.2%) $395,090 (1.3%) 0.90 150
2021-06-01 $330,000 (-8.3%) $386,061 (-3.5%) 0.87 175
2021-07-01 $355,000 (-8.1%) $414,220 (-1.7%) 0.94 202
2021-08-01 $349,962 (-9.1%) $413,190 (0.0%) 0.93 220
2021-09-01 $369,425 (-1.5%) $412,712 (-1.0%) 0.99 253
2021-10-01 $369,000 (7.9%) $411,716 (-0.1%) 0.98 243
2021-11-01 $381,675 (9.4%) $423,640 (-2.4%) 1.02 242
2021-12-01 $386,187 (12.7%) $433,491 (1.9%) 1.05 220
2022-01-01 $386,449 (10.7%) $426,043 (1.1%) 1.04 174
2022-02-01 $401,938 (20.0%) $462,517 (14.2%) 1.05 157
2022-03-01 $392,838 (13.4%) $472,314 (11.1%) 0.98 152
2022-04-01 $425,000 (22.4%) $498,386 (23.1%) 1.01 159
2022-05-01 $430,000 (27.4%) $483,203 (22.3%) 0.98 193
2022-06-01 $425,000 (28.8%) $499,719 (29.4%) 0.95 216
2022-07-01 $429,950 (21.1%) $487,904 (17.8%) 0.97 281
2022-08-01 $414,475 (18.4%) $472,701 (14.4%) 0.96 313
2022-09-01 $398,950 (8.0%) $464,185 (12.5%) 0.93 319
2022-10-01 $393,850 (6.7%) $448,760 (9.0%) 0.93 307
2022-11-01 $387,000 (1.4%) $438,210 (3.4%) 0.93 321
2022-12-01 $384,500 (-0.4%) $433,182 (-0.1%) 0.95 275
2023-01-01 $370,000 (-4.3%) $429,103 (0.7%) 0.92 237
2023-02-01 $379,725 (-5.5%) $433,252 (-6.3%) 0.92 235
2023-03-01 $384,900 (-2.0%) $487,135 (3.1%) 0.91 214
2023-04-01 $399,000 (-6.1%) $505,787 (1.5%) 0.93 223
2023-05-01 $415,000 (-3.5%) $510,011 (5.6%) 0.94 235
2023-06-01 $406,600 (-4.3%) $505,896 (1.2%) 0.91 252
2023-07-01 $408,950 (-4.9%) $515,666 (5.7%) 0.93 267
2023-08-01 $425,000 (2.5%) $523,630 (10.8%) 0.98 276
2023-09-01 $429,900 (7.8%) $522,680 (12.6%) 1.00 317
2023-10-01 $427,900 (8.7%) $503,521 (12.2%) 1.01 352
2023-11-01 $417,250 (7.8%) $503,273 (14.9%) 0.99 339
2023-12-01 $415,000 (7.9%) $494,709 (14.2%) 1.01 322
2024-01-01 $414,950 (12.2%) $485,674 (13.2%) 1.01 302
Yakima's median listing price for 2024-01-01 was $414,950, a difference of $44,950 (12.2%) versus the prior year and $-50 versus the prior month.

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

Yakima's average listing price for 2024-01-01 was $485,674, a difference of $56,571 (13.2%) versus the prior year and $-9,035 versus the prior month.

For the 2024-01-01 period, Yakima had 302 MLS listings, a difference of -20 listings (-6%) versus the prior month and 65 listings (27%) 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 85 days 1,981 sqft
2018-02-01 75 days 1,982 sqft
2018-03-01 45 days 2,009 sqft
2018-04-01 45 days 2,027 sqft
2018-05-01 40 days 1,965 sqft
2018-06-01 41 days 1,983 sqft
2018-07-01 48 days 1,950 sqft
2018-08-01 51 days 1,975 sqft
2018-09-01 46 days 1,983 sqft
2018-10-01 47 days 1,915 sqft
2018-11-01 58 days 1,985 sqft
2018-12-01 78 days 1,999 sqft
2019-01-01 76 days 1,946 sqft
2019-02-01 66 days 1,990 sqft
2019-03-01 55 days 2,009 sqft
2019-04-01 47 days 2,032 sqft
2019-05-01 39 days 1,988 sqft
2019-06-01 40 days 2,052 sqft
2019-07-01 44 days 2,017 sqft
2019-08-01 50 days 1,985 sqft
2019-09-01 48 days 1,938 sqft
2019-10-01 48 days 1,920 sqft
2019-11-01 53 days 1,986 sqft
2019-12-01 59 days 2,039 sqft
2020-01-01 73 days 1,970 sqft
2020-02-01 57 days 1,961 sqft
2020-03-01 45 days 2,052 sqft
2020-04-01 48 days 2,091 sqft
2020-05-01 51 days 2,064 sqft
2020-06-01 45 days 2,112 sqft
2020-07-01 41 days 2,056 sqft
2020-08-01 39 days 2,116 sqft
2020-09-01 28 days 2,052 sqft
2020-10-01 30 days 1,915 sqft
2020-11-01 43 days 1,905 sqft
2020-12-01 47 days 1,927 sqft
2021-01-01 55 days 1,853 sqft
2021-02-01 32 days 1,820 sqft
2021-03-01 24 days 1,769 sqft
2021-04-01 24 days 1,821 sqft
2021-05-01 21 days 1,770 sqft
2021-06-01 24 days 1,747 sqft
2021-07-01 22 days 1,761 sqft
2021-08-01 23 days 1,756 sqft
2021-09-01 29 days 1,790 sqft
2021-10-01 36 days 1,800 sqft
2021-11-01 35 days 1,834 sqft
2021-12-01 45 days 1,780 sqft
2022-01-01 53 days 1,697 sqft
2022-02-01 61 days 1,792 sqft
2022-03-01 39 days 1,794 sqft
2022-04-01 31 days 1,924 sqft
2022-05-01 25 days 1,975 sqft
2022-06-01 27 days 2,057 sqft
2022-07-01 32 days 2,014 sqft
2022-08-01 39 days 2,014 sqft
2022-09-01 41 days 1,986 sqft
2022-10-01 51 days 1,952 sqft
2022-11-01 50 days 1,941 sqft
2022-12-01 66 days 1,919 sqft
2023-01-01 75 days 1,940 sqft
2023-02-01 61 days 1,900 sqft
2023-03-01 45 days 1,846 sqft
2023-04-01 43 days 1,881 sqft
2023-05-01 40 days 1,907 sqft
2023-06-01 42 days 1,891 sqft
2023-07-01 44 days 1,897 sqft
2023-08-01 41 days 1,934 sqft
2023-09-01 38 days 1,941 sqft
2023-10-01 45 days 1,902 sqft
2023-11-01 51 days 1,881 sqft
2023-12-01 65 days 1,883 sqft
2024-01-01 72 days 1,861 sqft
Yakima's median listing age (time on market) for 2024-01-01 was 72 days. This is -4% shorter than the same period one year ago.

Yakima's median square footage for active listings during the 2024-01-01 period was 1,861 sqft. One year prior, the average listing was 1,940 sqft.