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 6.77% for the week of 2024-05-24, compared to the national average (all USDA variants) of 6.738% for the same period.

Oregon's average USDA mortgage closing costs are $7,314.

The average rate for the prior week (2024-05-17) was 6.45% and one month ago for the week of 2024-04-19, the average rate was 6.69%.

The average rate one year ago was 6.6%.

For refis of the same type during the week of 2024-05-24, the average rate was 7.17%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 32 6.07% $11,803
UNITED WHOLESALE MORTGAGE, LLC 16 5.58% $13,473
AMERICAN PACIFIC MORTGAGE CORPORATION 13 6.41% $11,715
MANN FINANCIAL INC. 11 6.85% $9,450
Sierra Pacific Mortgage Company, Inc. 9 5.75% $9,377
CROSSCOUNTRY MORTGAGE, LLC 9 5.88% $11,738
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.31% $9,615
NEWREZ LLC 9 5.90% $10,058
Century Mortgage Company DBA Century Lending Company 8 5.98% $13,843
SUMMIT FUNDING, INC. 7 6.50% $12,548
MASON MCDUFFIE MORTGAGE CORPORATION 6 6.64% $8,573
LOANDEPOT.COM, LLC 6 5.85% $16,451
CMG MORTGAGE, INC. 6 6.19% $9,278
DIRECTORS MORTGAGE, INC. 5 6.20% $12,336
ACADEMY MORTGAGE CORPORATION 5 6.68% $9,060
U.S. Bank 5 6.33% $9,172
Paramount Residential Mortgage Group, Inc. 5 6.63% $7,466
LEADERONE FINANCIAL CORPORATION 3 5.83% $12,627
GoPrime Mortgage, Inc. 3 6.37% $10,528
Banner Bank 3 6.13% $7,434
PACIFIC RESIDENTIAL MORTGAGE, LLC 3 6.42% $13,999
LPMC, LLC 3 6.29% $10,600
Willamette Valley Bank 2 5.81% $13,390
AMERICAN FINANCIAL NETWORK, INC. 2 5.81% $16,359
CHURCHILL MORTGAGE CORPORATION 2 6.31% $9,972
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.31% $8,721
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 7.44% $9,060
FIRST COLONY MORTGAGE CORPORATION 2 6.44% $7,222
Loan Simple, Inc. 2 6.19% $13,594
MORTGAGE EXPRESS, LLC 2 6.31% $11,151
MOVEMENT MORTGAGE, LLC 2 6.50% $12,916
PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.56% $11,587
S1L, Inc. 2 5.75% $8,604
Umpqua Bank 2 6.31% $9,418
Nations Lending Corporation 1 5.75% $4,087
Golden Empire Mortgage, Inc. 1 6.99% $9,191
Opportunity Bank of Montana 1 5.88% $4,860
GENEVA FINANCIAL, LLC 1 5.50% $15,978
Flagstar Bank, FSB 1 7.17% $8,923
Plains Commerce Bank 1 5.25% $11,103
PLAZA HOME MORTGAGE, INC. 1 6.13% $11,340
CARDINAL FINANCIAL 1 7.25% $14,245
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $19,303
RELIANCE FIRST CAPITAL, LLC 1 6.13% $12,225
CANOPY MORTGAGE, LLC 1 6.99% $11,141
Equity Prime Mortgage LLC 1 6.75% $10,295
DAS Acquisition Company, LLC 1 5.25% $8,421
GUARANTEED RATE, INC. 1 6.75% $9,893
MORIA DEVELOPMENT, INC. 1 6.38% $6,654
SUMMIT MORTGAGE CORPORATION 1 6.13% $10,655
BROKER SOLUTIONS, INC. 1 6.10% $5,285
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $8,661

The top Oregon USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 32 USDA loans originated. Their average total fees are $11,803, which is $1,669 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Oregon USDA lenders (with over 10 loans originated) are MANN FINANCIAL INC. ($9,450), AMERICAN PACIFIC MORTGAGE CORPORATION ($11,715), GUILD MORTGAGE COMPANY ($11,803), UNITED WHOLESALE MORTGAGE, LLC ($13,473) and .

The lowest rate Oregon USDA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.58%), GUILD MORTGAGE COMPANY (6.07%), AMERICAN PACIFIC MORTGAGE CORPORATION (6.41%), MANN FINANCIAL INC. (6.85%) and .