Oregon USDA Loan Rates, Closing Costs & Stats

Oregon

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    • 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.

    Oregon USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Oregon averaged 6.66% for the week of 2023-09-22, compared to the national average (all USDA variants) of 7.021% for the same period.

    Oregon's average USDA mortgage closing costs are $7,186.

    The average rate for the prior week (2023-09-15) was 6.72% and one month ago for the week of 2023-08-18, the average rate was 6.72%.

    The average rate one year ago was 5.35%.

    For refis of the same type during the week of 2023-09-22, the average rate was 5.62%.

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

    Oregon 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 Oregon level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 64 3.96% $11,059
    CALIBER HOME LOANS, INC. 39 4.40% $7,896
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 31 4.76% $9,574
    AMERICAN PACIFIC MORTGAGE CORPORATION 21 4.47% $9,677
    UNITED WHOLESALE MORTGAGE, LLC 20 4.36% $11,001
    MANN FINANCIAL INC. 20 5.20% $8,336
    Flagstar Bank, FSB 17 3.87% $7,359
    CMG MORTGAGE, INC. 17 4.17% $7,516
    SUMMIT FUNDING, INC. 14 3.79% $10,061
    ACADEMY MORTGAGE CORPORATION 13 4.87% $8,775
    Sierra Pacific Mortgage Company, Inc. 13 3.85% $7,771
    Umpqua Bank 12 4.85% $8,218
    AXIA FINANCIAL, LLC 10 4.44% $9,705
    CROSSCOUNTRY MORTGAGE, LLC 9 5.10% $12,294
    Banner Bank 9 3.60% $7,312
    HOME POINT FINANCIAL CORPORATION 9 4.11% $10,641
    DIRECTORS MORTGAGE, INC. 8 3.94% $10,293
    PACIFIC RESIDENTIAL MORTGAGE, LLC 8 4.13% $10,401
    FINANCE OF AMERICA MORTGAGE LLC 8 4.30% $9,434
    PLAZA HOME MORTGAGE, INC. 8 4.63% $7,698
    LOANDEPOT.COM, LLC 7 4.04% $12,600
    HOMEBRIDGE FINANCIAL SERVICES, INC. 7 4.09% $9,376
    MORTGAGE EXPRESS, LLC 7 4.62% $12,319
    FIRST COLONY MORTGAGE CORPORATION 7 3.82% $3,580
    Century Mortgage Company DBA Century Lending Company 7 3.36% $10,419
    CHURCHILL MORTGAGE CORPORATION 6 3.71% $8,376
    U.S. Bank 6 3.92% $9,111
    PENNYMAC LOAN SERVICES, LLC 5 3.17% $7,472
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 5 4.80% $11,707
    Willamette Valley Bank 5 3.80% $8,212
    MASON MCDUFFIE MORTGAGE CORPORATION 4 5.09% $9,374
    MOVEMENT MORTGAGE, LLC 4 4.84% $10,762
    Hometown Lenders, Inc. 4 5.22% $11,811
    Paramount Residential Mortgage Group, Inc. 4 4.44% $6,887
    SOUTHWEST FUNDING, LP 4 4.63% $12,099
    NATIONS DIRECT MORTGAGE, LLC 3 2.58% $8,151
    EVERETT FINANCIAL, INC. 3 4.75% $6,236
    RANLIFE, INC. 3 5.13% $12,886
    PANORAMA MORTGAGE GROUP, LLC 3 4.71% $17,244
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 5.00% $8,391
    AMERICAN FINANCIAL RESOURCES, INC. 3 4.83% $10,064
    CANOPY MORTGAGE, LLC 2 3.44% $7,959
    Bank of England 2 4.31% $10,594
    BROKER SOLUTIONS, INC. 2 3.50% $9,311
    CARDINAL FINANCIAL 2 4.87% $14,204
    GoPrime Mortgage, Inc. 2 4.81% $9,860
    Loan Simple, Inc. 2 5.25% $14,007
    LPMC, LLC 2 4.25% $10,048
    Nations Lending Corporation 2 3.81% $11,082
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 4.81% $11,360
    NFM, INC. 1 4.50% $9,597
    MORIA DEVELOPMENT, INC. 1 3.38% $10,493
    MLD MORTGAGE INC. 1 5.38% $8,234
    LEADERONE FINANCIAL CORPORATION 1 4.25% $18,755
    LAKEVIEW LOAN SERVICING, LLC 1 2.75% $4,387
    Plains Commerce Bank 1 6.25% $12,485
    HOME MORTGAGE ALLIANCE, LLC 1 4.25% $6,689
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 2.75% $11,273
    Amerifirst Financial, Inc. 1 5.38% $7,696
    GUARANTEED RATE, INC. 1 5.50% $6,071
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.00% $3,813
    S1L, Inc. 1 5.00% $10,878
    GENEVA FINANCIAL, LLC 1 4.00% $9,027
    DHI MORTGAGE COMPANY, LTD. 1 2.63% $7,586
    DAS Acquisition Company, LLC 1 6.63% $15,329
    Sunflower Bank 1 5.63% $14,134
    SWBC MORTGAGE CORPORATION 1 3.63% $2,508
    The Federal Savings Bank 1 4.63% $5,192
    CORNERSTONE HOME LENDING, INC. 1 5.13% $8,839
    Commerce Home Mortgage, Inc. 1 2.75% $13,093
    CHERRY CREEK MORTGAGE, LLC 1 4.13% $2,535
    MOUNTAIN WEST FINANCIAL, INC. 1 3.13% $8,659
    Waterstone Mortgage Corporation 1 4.50% $8,685

    The top Oregon USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 64 USDA loans originated. Their average total fees are $11,059, which is $3,162 higher than the next largest lender, CALIBER HOME LOANS, INC..

    The lowest fee Oregon USDA lenders (with over 10 loans originated) are Flagstar Bank, FSB ($7,359), CMG MORTGAGE, INC. ($7,516), Sierra Pacific Mortgage Company, Inc. ($7,771), CALIBER HOME LOANS, INC. ($7,896) and Umpqua Bank ($8,218).

    The lowest rate Oregon USDA lenders (with over 10 loans originated) are SUMMIT FUNDING, INC. (3.79%), Sierra Pacific Mortgage Company, Inc. (3.85%), Flagstar Bank, FSB (3.87%), GUILD MORTGAGE COMPANY (3.96%) and CMG MORTGAGE, INC. (4.17%).