Yakima USDA Loan Rates, Closing Costs & Stats

YAKIMA, WA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 4 lenders originated 4 USDA loans during 2023. The total origination value was $1,400,000, with an average USDA loan value of $350,000.

    Yakima USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Yakima averaged 7.03% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Yakima's average USDA mortgage closing costs are $6,686.

    The average rate for the prior week (2024-04-12) was 6.78% and one month ago for the week of 2024-03-15, the average rate was 6.87%.

    The average rate one year ago was 6.3%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.93%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    AMERICAN FINANCIAL NETWORK, INC. 1 6.00% $19,257
    Loan Simple, Inc. 1 6.25% $16,564
    Umpqua Bank 1 4.38% $9,896
    UNITED WHOLESALE MORTGAGE, LLC 1 6.25% $11,735

    The top Yakima USDA lender as defined by loan originations is AMERICAN FINANCIAL NETWORK, INC., with 1 USDA loans originated. Their average total fees are $19,257, which is $2,692 higher than the next largest lender, Loan Simple, 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
    2024-02-01 $409,725 (7.9%) $474,843 (9.6%) 0.99 270
    2024-03-01 $415,000 (7.8%) $465,180 (-4.5%) 0.98 275
    Yakima's median listing price for 2024-03-01 was $415,000, a difference of $30,100 (7.8%) versus the prior year and $5,275 versus the prior month.

    Yakima's median listing price comes in at 98% of the national average.

    Yakima's average listing price for 2024-03-01 was $465,180, a difference of $-21,955 (-4.5%) versus the prior year and $-9,663 versus the prior month.

    For the 2024-03-01 period, Yakima had 275 MLS listings, a difference of 5 listings (2%) versus the prior month and 61 listings (29%) 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
    2024-02-01 81 days 1,777 sqft
    2024-03-01 63 days 1,789 sqft
    Yakima's median listing age (time on market) for 2024-03-01 was 63 days. This is 39% longer than the same period one year ago.

    Yakima's median square footage for active listings during the 2024-03-01 period was 1,789 sqft. One year prior, the average listing was 1,846 sqft.