Eureka FHA Loan Rates, Closing Costs & Stats
Eureka-Arcata, CA
FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.
FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.
While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.
For additional requirements as defined by the FHA, click here.
Eureka's 25 lenders originated 99 FHA loans during 2023. The total origination value was $33,185,000, with an average FHA loan value of $335,202.
Eureka FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Eureka
averaged
6.18%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Eureka's average FHA mortgage closing costs are $9,759.
The average rate for the prior week (2024-10-04) was
6.2% and
one month ago for the week of 2024-09-06, the
average rate was 5.93%.
The average rate one year ago was 7.36%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.9%.
Eureka FHA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Eureka level.
The top Eureka FHA lender as defined by loan originations is Paramount Residential Mortgage Group, Inc., with
17 FHA loans originated. Their average total fees are
$15,231, which is $2,373
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Eureka FHA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($12,857), Paramount Residential Mortgage Group, Inc. ($15,231), .
The lowest rate Eureka FHA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.20%), Paramount Residential Mortgage Group, Inc. (6.23%), .
Eureka FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
EUREKA-ARCATA, CA | HUMBOLDT | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
EUREKA-ARCATA, CA | HUMBOLDT | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Eureka (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $425,000 (13.3%) | $634,768 (6.5%) | 1.58 | 339 |
2018-02-01 | $425,000 (13.0%) | $627,785 (-7.4%) | 1.54 | 357 |
2018-03-01 | $425,000 (7.9%) | $613,023 (-0.8%) | 1.49 | 378 |
2018-04-01 | $425,000 (11.2%) | $590,277 (-6.7%) | 1.44 | 386 |
2018-05-01 | $423,000 (6.0%) | $556,441 (-23.0%) | 1.41 | 438 |
2018-06-01 | $399,000 (-2.2%) | $555,077 (-18.3%) | 1.33 | 491 |
2018-07-01 | $395,000 (-1.2%) | $548,786 (-12.1%) | 1.32 | 491 |
2018-08-01 | $395,000 (1.0%) | $545,156 (-3.1%) | 1.32 | 510 |
2018-09-01 | $395,000 (1.4%) | $541,457 (-6.1%) | 1.31 | 508 |
2018-10-01 | $377,450 (-5.3%) | $531,052 (-8.8%) | 1.28 | 493 |
2018-11-01 | $384,500 (-3.6%) | $532,036 (-7.3%) | 1.30 | 474 |
2018-12-01 | $379,000 (-5.0%) | $531,313 (-11.5%) | 1.31 | 428 |
2019-01-01 | $376,625 (-11.4%) | $526,483 (-17.1%) | 1.30 | 375 |
2019-02-01 | $369,000 (-13.2%) | $514,051 (-18.1%) | 1.25 | 380 |
2019-03-01 | $376,607 (-11.4%) | $528,396 (-13.8%) | 1.23 | 377 |
2019-04-01 | $386,750 (-9.0%) | $544,027 (-7.8%) | 1.22 | 381 |
2019-05-01 | $397,000 (-6.2%) | $548,403 (-1.4%) | 1.24 | 399 |
2019-06-01 | $395,000 (-1.0%) | $542,476 (-2.3%) | 1.23 | 432 |
2019-07-01 | $389,700 (-1.3%) | $542,961 (-1.1%) | 1.22 | 444 |
2019-08-01 | $384,145 (-2.8%) | $539,691 (-1.0%) | 1.22 | 440 |
2019-09-01 | $376,189 (-4.8%) | $528,673 (-2.4%) | 1.20 | 420 |
2019-10-01 | $370,000 (-2.0%) | $515,897 (-2.9%) | 1.19 | 400 |
2019-11-01 | $368,932 (-4.1%) | $503,729 (-5.3%) | 1.21 | 364 |
2019-12-01 | $361,000 (-4.8%) | $504,468 (-5.1%) | 1.20 | 323 |
2020-01-01 | $354,500 (-5.9%) | $486,348 (-7.6%) | 1.18 | 286 |
2020-02-01 | $350,000 (-5.2%) | $507,420 (-1.3%) | 1.15 | 265 |
2020-03-01 | $352,500 (-6.4%) | $499,384 (-5.5%) | 1.11 | 274 |
2020-04-01 | $359,000 (-7.2%) | $494,779 (-9.1%) | 1.13 | 271 |
2020-05-01 | $355,000 (-10.6%) | $485,170 (-11.5%) | 1.09 | 270 |
2020-06-01 | $377,500 (-4.4%) | $580,613 (7.0%) | 1.11 | 236 |
2020-07-01 | $379,000 (-2.8%) | $621,895 (14.5%) | 1.10 | 218 |
2020-08-01 | $399,000 (3.9%) | $640,566 (18.7%) | 1.14 | 211 |
2020-09-01 | $399,125 (6.1%) | $657,909 (24.5%) | 1.14 | 189 |
2020-10-01 | $425,000 (14.9%) | $682,253 (32.3%) | 1.22 | 163 |
2020-11-01 | $420,750 (14.1%) | $690,119 (37.0%) | 1.23 | 172 |
2020-12-01 | $427,000 (18.3%) | $685,028 (35.8%) | 1.27 | 132 |
2021-01-01 | $425,000 (19.9%) | $698,426 (43.6%) | 1.27 | 115 |
2021-02-01 | $428,250 (22.4%) | $771,500 (52.0%) | 1.25 | 103 |
2021-03-01 | $427,450 (21.3%) | $732,215 (46.6%) | 1.21 | 110 |
2021-04-01 | $444,475 (23.8%) | $704,625 (42.4%) | 1.20 | 124 |
2021-05-01 | $429,900 (21.1%) | $674,760 (39.1%) | 1.14 | 133 |
2021-06-01 | $434,100 (15.0%) | $710,684 (22.4%) | 1.14 | 149 |
2021-07-01 | $449,000 (18.5%) | $725,572 (16.7%) | 1.18 | 158 |
2021-08-01 | $449,750 (12.7%) | $724,320 (13.1%) | 1.20 | 175 |
2021-09-01 | $470,475 (17.9%) | $753,658 (14.6%) | 1.25 | 165 |
2021-10-01 | $493,000 (16.0%) | $776,367 (13.8%) | 1.31 | 168 |
2021-11-01 | $519,500 (23.5%) | $819,265 (18.7%) | 1.39 | 169 |
2021-12-01 | $499,000 (16.9%) | $775,383 (13.2%) | 1.35 | 171 |
2022-01-01 | $519,000 (22.1%) | $833,508 (19.3%) | 1.40 | 158 |
2022-02-01 | $524,500 (22.5%) | $834,024 (8.1%) | 1.36 | 164 |
2022-03-01 | $544,750 (27.4%) | $803,673 (9.8%) | 1.36 | 175 |
2022-04-01 | $549,500 (23.6%) | $812,289 (15.3%) | 1.31 | 188 |
2022-05-01 | $539,375 (25.5%) | $789,481 (17.0%) | 1.23 | 234 |
2022-06-01 | $532,484 (22.7%) | $755,962 (6.4%) | 1.19 | 275 |
2022-07-01 | $499,000 (11.1%) | $679,627 (-6.3%) | 1.12 | 329 |
2022-08-01 | $498,000 (10.7%) | $667,642 (-7.8%) | 1.15 | 324 |
2022-09-01 | $499,500 (6.2%) | $663,296 (-12.0%) | 1.17 | 325 |
2022-10-01 | $495,000 (0.4%) | $646,637 (-16.7%) | 1.16 | 341 |
2022-11-01 | $486,500 (-6.4%) | $637,263 (-22.2%) | 1.17 | 332 |
2022-12-01 | $489,000 (-2.0%) | $641,715 (-17.2%) | 1.21 | 317 |
2023-01-01 | $478,000 (-7.9%) | $627,962 (-24.7%) | 1.19 | 272 |
2023-02-01 | $468,725 (-10.6%) | $616,553 (-26.1%) | 1.13 | 263 |
2023-03-01 | $480,975 (-11.7%) | $637,436 (-20.7%) | 1.13 | 254 |
2023-04-01 | $499,000 (-9.2%) | $644,477 (-20.7%) | 1.16 | 252 |
2023-05-01 | $499,500 (-7.4%) | $654,365 (-17.1%) | 1.13 | 274 |
2023-06-01 | $489,450 (-8.1%) | $621,925 (-17.7%) | 1.10 | 321 |
2023-07-01 | $489,000 (-2.0%) | $619,618 (-8.8%) | 1.11 | 346 |
2023-08-01 | $492,450 (-1.1%) | $624,764 (-6.4%) | 1.13 | 345 |
2023-09-01 | $475,000 (-4.9%) | $622,327 (-6.2%) | 1.11 | 361 |
2023-10-01 | $475,000 (-4.0%) | $611,533 (-5.4%) | 1.12 | 377 |
2023-11-01 | $466,750 (-4.1%) | $600,455 (-5.8%) | 1.11 | 346 |
2023-12-01 | $460,000 (-5.9%) | $569,235 (-11.3%) | 0.00 | 327 |
2024-01-01 | $441,012 (-7.7%) | $549,597 (-12.5%) | 0.00 | 306 |
2024-02-01 | $462,225 (-1.4%) | $548,972 (-11.0%) | 0.00 | 295 |
2024-03-01 | $475,000 (-1.2%) | $553,601 (-13.2%) | 0.00 | 310 |
2024-04-01 | $470,000 (-5.8%) | $561,945 (-12.8%) | 0.00 | 331 |
2024-05-01 | $494,100 (-1.1%) | $573,929 (-12.3%) | 0.00 | 375 |
2024-06-01 | $499,000 (2.0%) | $591,753 (-4.9%) | 0.00 | 417 |
2024-07-01 | $498,500 (1.9%) | $584,783 (-5.6%) | 0.00 | 458 |
2024-08-01 | $492,500 (0.0%) | $579,405 (-7.3%) | 0.00 | 453 |
2024-09-01 | $489,000 (3.0%) | $570,499 (-8.3%) | 0.00 | 453 |
Eureka's median listing price comes in at 0% of the national average.
Eureka's average listing price for 2024-09-01 was $570,499, a difference of $-51,828 (-8.3%) versus the prior year and $-8,906 versus the prior month.
For the 2024-09-01 period, Eureka had 453 MLS listings, a difference of 0 listings (0%) versus the prior month and 92 listings (25%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Eureka (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 78 days | 1,554 sqft |
2018-02-01 | 77 days | 1,554 sqft |
2018-03-01 | 69 days | 1,559 sqft |
2018-04-01 | 68 days | 1,585 sqft |
2018-05-01 | 59 days | 1,573 sqft |
2018-06-01 | 61 days | 1,579 sqft |
2018-07-01 | 71 days | 1,600 sqft |
2018-08-01 | 74 days | 1,607 sqft |
2018-09-01 | 83 days | 1,604 sqft |
2018-10-01 | 83 days | 1,590 sqft |
2018-11-01 | 87 days | 1,597 sqft |
2018-12-01 | 88 days | 1,598 sqft |
2019-01-01 | 89 days | 1,580 sqft |
2019-02-01 | 90 days | 1,530 sqft |
2019-03-01 | 79 days | 1,559 sqft |
2019-04-01 | 60 days | 1,600 sqft |
2019-05-01 | 52 days | 1,618 sqft |
2019-06-01 | 53 days | 1,600 sqft |
2019-07-01 | 66 days | 1,630 sqft |
2019-08-01 | 70 days | 1,590 sqft |
2019-09-01 | 75 days | 1,569 sqft |
2019-10-01 | 77 days | 1,554 sqft |
2019-11-01 | 83 days | 1,554 sqft |
2019-12-01 | 88 days | 1,540 sqft |
2020-01-01 | 81 days | 1,495 sqft |
2020-02-01 | 71 days | 1,500 sqft |
2020-03-01 | 56 days | 1,506 sqft |
2020-04-01 | 66 days | 1,568 sqft |
2020-05-01 | 67 days | 1,550 sqft |
2020-06-01 | 63 days | 1,593 sqft |
2020-07-01 | 45 days | 1,632 sqft |
2020-08-01 | 38 days | 1,652 sqft |
2020-09-01 | 38 days | 1,649 sqft |
2020-10-01 | 49 days | 1,782 sqft |
2020-11-01 | 39 days | 1,690 sqft |
2020-12-01 | 59 days | 1,680 sqft |
2021-01-01 | 61 days | 1,624 sqft |
2021-02-01 | 34 days | 1,659 sqft |
2021-03-01 | 19 days | 1,680 sqft |
2021-04-01 | 19 days | 1,631 sqft |
2021-05-01 | 22 days | 1,600 sqft |
2021-06-01 | 21 days | 1,546 sqft |
2021-07-01 | 30 days | 1,515 sqft |
2021-08-01 | 30 days | 1,461 sqft |
2021-09-01 | 31 days | 1,500 sqft |
2021-10-01 | 31 days | 1,540 sqft |
2021-11-01 | 41 days | 1,553 sqft |
2021-12-01 | 59 days | 1,500 sqft |
2022-01-01 | 73 days | 1,540 sqft |
2022-02-01 | 65 days | 1,595 sqft |
2022-03-01 | 46 days | 1,591 sqft |
2022-04-01 | 43 days | 1,600 sqft |
2022-05-01 | 41 days | 1,593 sqft |
2022-06-01 | 42 days | 1,600 sqft |
2022-07-01 | 43 days | 1,533 sqft |
2022-08-01 | 52 days | 1,513 sqft |
2022-09-01 | 64 days | 1,546 sqft |
2022-10-01 | 66 days | 1,513 sqft |
2022-11-01 | 73 days | 1,536 sqft |
2022-12-01 | 88 days | 1,515 sqft |
2023-01-01 | 98 days | 1,507 sqft |
2023-02-01 | 96 days | 1,518 sqft |
2023-03-01 | 91 days | 1,524 sqft |
2023-04-01 | 72 days | 1,500 sqft |
2023-05-01 | 57 days | 1,524 sqft |
2023-06-01 | 45 days | 1,568 sqft |
2023-07-01 | 52 days | 1,600 sqft |
2023-08-01 | 66 days | 1,648 sqft |
2023-09-01 | 64 days | 1,600 sqft |
2023-10-01 | 68 days | 1,600 sqft |
2023-11-01 | 73 days | 1,578 sqft |
2023-12-01 | 0 days | 1,547 sqft |
2024-01-01 | 0 days | 1,500 sqft |
2024-02-01 | 0 days | 1,506 sqft |
2024-03-01 | 0 days | 1,500 sqft |
2024-04-01 | 0 days | 1,500 sqft |
2024-05-01 | 0 days | 1,542 sqft |
2024-06-01 | 0 days | 1,539 sqft |
2024-07-01 | 0 days | 1,517 sqft |
2024-08-01 | 0 days | 1,516 sqft |
2024-09-01 | 0 days | 1,562 sqft |
Eureka's median square footage for active listings during the 2024-09-01 period was 1,562 sqft. One year prior, the average listing was 1,600 sqft.