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%).