Washington USDA Loan Rates, Closing Costs & Stats

Washington

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%).