Oregon USDA Loan Rates, Closing Costs & Stats
Oregon
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%).