Washington USDA Loan Rates, Closing Costs & Stats

Washington

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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.

    Washington USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Washington averaged 6.27% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

    Washington's average USDA mortgage closing costs are $7,134.

    The average rate for the prior week (2023-05-19) was 6.11% and one month ago for the week of 2023-04-21, the average rate was 5.82%.

    The average rate one year ago was 4.84%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.18%.

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

    Washington 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 Washington level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    CALIBER HOME LOANS, INC. 30 4.33% $8,586
    GUILD MORTGAGE COMPANY 21 4.67% $11,719
    UNITED WHOLESALE MORTGAGE, LLC 14 4.81% $10,046
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 4.79% $10,694
    ACADEMY MORTGAGE CORPORATION 11 5.03% $8,431
    AMERICAN PACIFIC MORTGAGE CORPORATION 11 5.05% $14,426
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 10 4.91% $10,588
    HOME POINT FINANCIAL CORPORATION 9 3.28% $9,085
    Flagstar Bank, FSB 9 3.69% $9,575
    Northpointe Bank 6 3.85% $9,238
    MOVEMENT MORTGAGE, LLC 6 4.48% $8,689
    ENVOY MORTGAGE, LTD 6 4.65% $7,881
    PREMIER MORTGAGE RESOURCES, L.L.C. 5 4.82% $7,199
    Paramount Residential Mortgage Group, Inc. 5 3.73% $10,056
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 5.30% $9,165
    Banner Bank 5 4.18% $9,405
    CORNERSTONE HOME LENDING, INC. 4 4.50% $14,933
    LOANDEPOT.COM, LLC 4 4.56% $9,368
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 4.59% $10,339
    SUMMIT FUNDING, INC. 4 4.81% $7,818
    First Federal Savings and Loan Association of Port Angeles 4 4.91% $10,793
    CHURCHILL MORTGAGE CORPORATION 4 3.50% $7,675
    CROSSCOUNTRY MORTGAGE, LLC 4 5.53% $6,783
    MANN FINANCIAL INC. 3 4.08% $10,497
    FINANCE OF AMERICA MORTGAGE LLC 3 4.54% $9,921
    EAGLE HOME MORTGAGE, LLC 2 3.25% $17,007
    GENEVA FINANCIAL, LLC 2 4.75% $14,398
    Carrington Mortgage Services, LLC 2 3.56% $9,274
    LEADERONE FINANCIAL CORPORATION 2 4.69% $12,351
    Bank of England 2 4.69% $12,263
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.38% $7,926
    BROKER SOLUTIONS, INC. 2 6.06% $14,770
    Sunflower Bank 2 4.06% $8,033
    Equity Prime Mortgage LLC 2 3.00% $10,351
    RANLIFE, INC. 2 4.19% $8,649
    CARDINAL FINANCIAL 2 4.25% $15,806
    Willamette Valley Bank 1 3.25% $7,680
    AXIA FINANCIAL, LLC 1 3.88% $9,686
    CITYWIDE HOME LOANS, LLC 1 5.63% $22,043
    CMG MORTGAGE, INC. 1 4.63% $5,315
    Community First National Bank 1 2.63% $7,143
    DHI MORTGAGE COMPANY, LTD. 1 5.25% $6,772
    DIRECTORS MORTGAGE, INC. 1 3.75% $8,045
    First Home Bank 1 4.75% $8,940
    Golden Empire Mortgage, Inc. 1 4.13% $11,923
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 4.13% $10,410
    GUARANTEED RATE, INC. 1 4.50% $18,996
    HomeStreet Bank 1 3.13% $14,624
    INSPIRE HOME LOANS INC. 1 5.50% $14,407
    Ixonia Bank 1 6.63% $8,267
    KITSAP Credit Union 1 5.00% $7,460
    LPMC, LLC 1 5.50% $8,941
    NUMERICA CREDIT UNION 1 3.25% $8,167
    Servion, Inc. 1 3.75% $8,559
    Sierra Pacific Mortgage Company, Inc. 1 5.00% $5,702
    Solarity Credit Union 1 6.50% $3,896
    Umpqua Bank 1 3.25% $8,313
    Washington Trust Bank 1 5.25% $7,684

    The top Washington USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 30 USDA loans originated. Their average total fees are $8,586, which is $3,133 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Washington USDA lenders (with over 10 loans originated) are ACADEMY MORTGAGE CORPORATION ($8,431), CALIBER HOME LOANS, INC. ($8,586), UNITED WHOLESALE MORTGAGE, LLC ($10,046), EVERGREEN MONEYSOURCE MORTGAGE COMPANY ($10,588) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($10,694).

    The lowest rate Washington USDA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. (4.33%), GUILD MORTGAGE COMPANY (4.67%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.79%), UNITED WHOLESALE MORTGAGE, LLC (4.81%) and EVERGREEN MONEYSOURCE MORTGAGE COMPANY (4.91%).