Chico USDA Loan Rates, Closing Costs & Stats
CHICO, CA
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.
Chico's 3 lenders originated 5 USDA loans during 2023. The total origination value was $1,525,000, with an average USDA loan value of $305,000.
Chico USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Chico
averaged
6.11%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Chico's average USDA mortgage closing costs are $7,423.
The average rate for the prior week (2024-12-06) was
6.35% and
one month ago for the week of 2024-11-08, the
average rate was 6.36%.
The average rate one year ago was 6.93%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.01%.
Chico 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 Chico level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Paramount Residential Mortgage Group, Inc. | 2 | 5.81% | $10,643 |
| Commerce Home Mortgage, Inc. | 1 | 6.13% | $11,560 |
| MASON MCDUFFIE MORTGAGE CORPORATION | 1 | 5.00% | $22,126 |
The top Chico USDA lender as defined by loan originations is Paramount Residential Mortgage Group, Inc., with
2 USDA loans originated. Their average total fees are
$10,643, which is $918
lower than the next largest lender,
Commerce Home Mortgage, Inc..
The lowest fee Chico USDA lenders (with over 10 loans originated) are
.
The lowest rate Chico USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Chico (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $287,450 (-0.1%) | $381,482 (10.3%) | 1.07 | 415 |
| 2018-02-01 | $293,750 (2.1%) | $380,820 (7.5%) | 1.07 | 421 |
| 2018-03-01 | $329,000 (14.3%) | $409,710 (16.5%) | 1.15 | 470 |
| 2018-04-01 | $324,950 (12.4%) | $390,656 (5.7%) | 1.10 | 520 |
| 2018-05-01 | $329,625 (12.6%) | $394,542 (4.6%) | 1.10 | 588 |
| 2018-06-01 | $319,000 (9.6%) | $383,183 (4.3%) | 1.06 | 628 |
| 2018-07-01 | $323,475 (12.4%) | $387,403 (7.5%) | 1.08 | 679 |
| 2018-08-01 | $316,375 (9.9%) | $376,846 (3.3%) | 1.06 | 711 |
| 2018-09-01 | $315,500 (9.6%) | $366,600 (-1.6%) | 1.06 | 731 |
| 2018-10-01 | $312,500 (8.3%) | $367,177 (-1.3%) | 1.06 | 726 |
| 2018-11-01 | $302,438 (5.1%) | $370,054 (0.0%) | 1.03 | 574 |
| 2018-12-01 | $329,000 (14.3%) | $392,817 (4.0%) | 1.13 | 342 |
| 2019-01-01 | $334,500 (16.4%) | $391,621 (2.7%) | 1.16 | 395 |
| 2019-02-01 | $333,125 (13.4%) | $384,086 (0.9%) | 1.13 | 412 |
| 2019-03-01 | $346,714 (5.4%) | $397,138 (-3.1%) | 1.13 | 388 |
| 2019-04-01 | $366,214 (12.7%) | $416,363 (6.6%) | 1.16 | 400 |
| 2019-05-01 | $370,000 (12.3%) | $427,475 (8.4%) | 1.16 | 498 |
| 2019-06-01 | $369,000 (15.7%) | $424,173 (10.7%) | 1.15 | 554 |
| 2019-07-01 | $358,255 (10.8%) | $421,912 (8.9%) | 1.12 | 613 |
| 2019-08-01 | $355,462 (12.4%) | $421,463 (11.8%) | 1.13 | 629 |
| 2019-09-01 | $352,390 (11.7%) | $421,589 (15.0%) | 1.13 | 613 |
| 2019-10-01 | $350,000 (12.0%) | $421,673 (14.8%) | 1.13 | 585 |
| 2019-11-01 | $349,500 (15.6%) | $423,281 (14.4%) | 1.15 | 528 |
| 2019-12-01 | $351,715 (6.9%) | $431,692 (9.9%) | 1.17 | 464 |
| 2020-01-01 | $362,500 (8.4%) | $445,568 (13.8%) | 1.21 | 389 |
| 2020-02-01 | $379,500 (13.9%) | $440,942 (14.8%) | 1.24 | 351 |
| 2020-03-01 | $389,000 (12.2%) | $454,168 (14.4%) | 1.22 | 346 |
| 2020-04-01 | $399,000 (9.0%) | $466,651 (12.1%) | 1.25 | 347 |
| 2020-05-01 | $418,000 (13.0%) | $474,953 (11.1%) | 1.27 | 364 |
| 2020-06-01 | $424,000 (14.9%) | $475,467 (12.1%) | 1.25 | 345 |
| 2020-07-01 | $402,500 (12.4%) | $479,779 (13.7%) | 1.17 | 305 |
| 2020-08-01 | $417,000 (17.3%) | $480,119 (13.9%) | 1.19 | 307 |
| 2020-09-01 | $399,750 (13.4%) | $473,628 (12.3%) | 1.15 | 288 |
| 2020-10-01 | $398,000 (13.7%) | $460,962 (9.3%) | 1.14 | 308 |
| 2020-11-01 | $389,000 (11.3%) | $456,687 (7.9%) | 1.14 | 321 |
| 2020-12-01 | $399,000 (13.4%) | $459,476 (6.4%) | 1.19 | 266 |
| 2021-01-01 | $399,500 (10.2%) | $464,709 (4.3%) | 1.19 | 244 |
| 2021-02-01 | $421,875 (11.2%) | $511,847 (16.1%) | 1.23 | 234 |
| 2021-03-01 | $417,500 (7.3%) | $514,203 (13.2%) | 1.18 | 233 |
| 2021-04-01 | $430,250 (7.8%) | $547,253 (17.3%) | 1.16 | 224 |
| 2021-05-01 | $450,000 (7.7%) | $562,905 (18.5%) | 1.20 | 236 |
| 2021-06-01 | $452,250 (6.7%) | $564,564 (18.7%) | 1.19 | 252 |
| 2021-07-01 | $447,000 (11.1%) | $550,888 (14.8%) | 1.18 | 282 |
| 2021-08-01 | $433,750 (4.0%) | $510,201 (6.3%) | 1.16 | 312 |
| 2021-09-01 | $437,450 (9.4%) | $502,209 (6.0%) | 1.17 | 317 |
| 2021-10-01 | $449,000 (12.8%) | $541,429 (17.5%) | 1.20 | 324 |
| 2021-11-01 | $450,000 (15.7%) | $555,696 (21.7%) | 1.20 | 287 |
| 2021-12-01 | $449,000 (12.5%) | $543,326 (18.3%) | 1.22 | 245 |
| 2022-01-01 | $442,500 (10.8%) | $541,457 (16.5%) | 1.20 | 198 |
| 2022-02-01 | $449,950 (6.7%) | $535,830 (4.7%) | 1.17 | 211 |
| 2022-03-01 | $449,225 (7.6%) | $523,628 (1.8%) | 1.12 | 226 |
| 2022-04-01 | $480,000 (11.6%) | $553,498 (1.1%) | 1.14 | 264 |
| 2022-05-01 | $472,000 (4.9%) | $888,874 (57.9%) | 1.08 | 341 |
| 2022-06-01 | $468,750 (3.7%) | $547,222 (-3.1%) | 1.04 | 391 |
| 2022-07-01 | $455,000 (1.8%) | $532,510 (-3.3%) | 1.03 | 482 |
| 2022-08-01 | $457,450 (5.5%) | $529,080 (3.7%) | 1.06 | 523 |
| 2022-09-01 | $450,000 (2.9%) | $517,905 (3.1%) | 1.05 | 509 |
| 2022-10-01 | $444,900 (-0.9%) | $515,680 (-4.8%) | 1.05 | 509 |
| 2022-11-01 | $434,950 (-3.3%) | $510,628 (-8.1%) | 1.05 | 480 |
| 2022-12-01 | $435,000 (-3.1%) | $513,784 (-5.4%) | 1.07 | 446 |
| 2023-01-01 | $423,000 (-4.4%) | $506,806 (-6.4%) | 1.05 | 382 |
| 2023-02-01 | $427,113 (-5.1%) | $519,039 (-3.1%) | 1.03 | 342 |
| 2023-03-01 | $431,175 (-4.0%) | $518,304 (-1.0%) | 1.02 | 318 |
| 2023-04-01 | $438,500 (-8.7%) | $521,388 (-5.8%) | 1.02 | 302 |
| 2023-05-01 | $429,975 (-8.9%) | $519,607 (-41.5%) | 0.98 | 339 |
| 2023-06-01 | $429,113 (-8.5%) | $516,580 (-5.6%) | 0.96 | 359 |
| 2023-07-01 | $429,925 (-5.5%) | $514,767 (-3.3%) | 0.98 | 366 |
| 2023-08-01 | $433,625 (-5.2%) | $521,724 (-1.4%) | 1.00 | 374 |
| 2023-09-01 | $425,000 (-5.6%) | $510,437 (-1.4%) | 0.99 | 406 |
| 2023-10-01 | $426,975 (-4.0%) | $506,339 (-1.8%) | 1.00 | 426 |
| 2023-11-01 | $439,500 (1.1%) | $557,197 (9.1%) | 1.05 | 420 |
| 2023-12-01 | $431,750 (-0.8%) | $541,538 (5.4%) | 1.05 | 360 |
| 2024-01-01 | $424,950 (0.5%) | $525,493 (3.7%) | 1.04 | 328 |
| 2024-02-01 | $420,925 (-1.5%) | $522,244 (0.6%) | 1.01 | 316 |
| 2024-03-01 | $430,000 (-0.3%) | $528,711 (2.0%) | 1.01 | 349 |
| 2024-04-01 | $434,000 (-1.0%) | $542,244 (4.0%) | 1.01 | 391 |
| 2024-05-01 | $449,125 (4.5%) | $554,507 (6.7%) | 1.02 | 454 |
| 2024-06-01 | $449,000 (4.6%) | $548,352 (6.2%) | 1.01 | 487 |
| 2024-07-01 | $434,500 (1.1%) | $543,103 (5.5%) | 0.99 | 515 |
| 2024-08-01 | $424,900 (-2.0%) | $537,131 (3.0%) | 0.99 | 520 |
| 2024-09-01 | $425,000 (0.0%) | $532,535 (4.3%) | 1.00 | 515 |
| 2024-10-01 | $425,500 (-0.4%) | $529,317 (4.5%) | 1.00 | 540 |
| 2024-11-01 | $429,900 (-2.2%) | $526,152 (-5.6%) | 1.03 | 537 |
Chico's median listing price comes in at 103% of the national average.
Chico's average listing price for 2024-11-01 was $526,152, a difference of $-31,045 (-5.6%) versus the prior year and $-3,165 versus the prior month.
For the 2024-11-01 period, Chico had 537 MLS listings, a difference of -3 listings (-1%) versus the prior month and 117 listings (28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Chico (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 55 days | 1,621 sqft |
| 2018-02-01 | 38 days | 1,610 sqft |
| 2018-03-01 | 31 days | 1,694 sqft |
| 2018-04-01 | 39 days | 1,667 sqft |
| 2018-05-01 | 34 days | 1,708 sqft |
| 2018-06-01 | 36 days | 1,681 sqft |
| 2018-07-01 | 39 days | 1,673 sqft |
| 2018-08-01 | 44 days | 1,639 sqft |
| 2018-09-01 | 48 days | 1,615 sqft |
| 2018-10-01 | 53 days | 1,615 sqft |
| 2018-11-01 | 55 days | 1,629 sqft |
| 2018-12-01 | 25 days | 1,615 sqft |
| 2019-01-01 | 30 days | 1,594 sqft |
| 2019-02-01 | 32 days | 1,557 sqft |
| 2019-03-01 | 40 days | 1,588 sqft |
| 2019-04-01 | 43 days | 1,632 sqft |
| 2019-05-01 | 36 days | 1,640 sqft |
| 2019-06-01 | 38 days | 1,684 sqft |
| 2019-07-01 | 45 days | 1,699 sqft |
| 2019-08-01 | 49 days | 1,684 sqft |
| 2019-09-01 | 54 days | 1,684 sqft |
| 2019-10-01 | 59 days | 1,688 sqft |
| 2019-11-01 | 65 days | 1,714 sqft |
| 2019-12-01 | 75 days | 1,715 sqft |
| 2020-01-01 | 77 days | 1,710 sqft |
| 2020-02-01 | 80 days | 1,712 sqft |
| 2020-03-01 | 60 days | 1,755 sqft |
| 2020-04-01 | 63 days | 1,833 sqft |
| 2020-05-01 | 64 days | 1,855 sqft |
| 2020-06-01 | 54 days | 1,865 sqft |
| 2020-07-01 | 62 days | 1,856 sqft |
| 2020-08-01 | 51 days | 1,830 sqft |
| 2020-09-01 | 55 days | 1,756 sqft |
| 2020-10-01 | 52 days | 1,748 sqft |
| 2020-11-01 | 49 days | 1,749 sqft |
| 2020-12-01 | 72 days | 1,753 sqft |
| 2021-01-01 | 82 days | 1,736 sqft |
| 2021-02-01 | 63 days | 1,728 sqft |
| 2021-03-01 | 54 days | 1,708 sqft |
| 2021-04-01 | 47 days | 1,729 sqft |
| 2021-05-01 | 36 days | 1,791 sqft |
| 2021-06-01 | 40 days | 1,755 sqft |
| 2021-07-01 | 40 days | 1,729 sqft |
| 2021-08-01 | 45 days | 1,702 sqft |
| 2021-09-01 | 51 days | 1,713 sqft |
| 2021-10-01 | 44 days | 1,731 sqft |
| 2021-11-01 | 51 days | 1,729 sqft |
| 2021-12-01 | 53 days | 1,702 sqft |
| 2022-01-01 | 57 days | 1,626 sqft |
| 2022-02-01 | 36 days | 1,655 sqft |
| 2022-03-01 | 35 days | 1,646 sqft |
| 2022-04-01 | 33 days | 1,722 sqft |
| 2022-05-01 | 36 days | 1,732 sqft |
| 2022-06-01 | 37 days | 1,714 sqft |
| 2022-07-01 | 39 days | 1,693 sqft |
| 2022-08-01 | 46 days | 1,711 sqft |
| 2022-09-01 | 58 days | 1,690 sqft |
| 2022-10-01 | 65 days | 1,680 sqft |
| 2022-11-01 | 64 days | 1,709 sqft |
| 2022-12-01 | 73 days | 1,712 sqft |
| 2023-01-01 | 82 days | 1,707 sqft |
| 2023-02-01 | 81 days | 1,709 sqft |
| 2023-03-01 | 72 days | 1,676 sqft |
| 2023-04-01 | 59 days | 1,674 sqft |
| 2023-05-01 | 43 days | 1,670 sqft |
| 2023-06-01 | 46 days | 1,668 sqft |
| 2023-07-01 | 51 days | 1,653 sqft |
| 2023-08-01 | 50 days | 1,669 sqft |
| 2023-09-01 | 51 days | 1,658 sqft |
| 2023-10-01 | 55 days | 1,638 sqft |
| 2023-11-01 | 58 days | 1,674 sqft |
| 2023-12-01 | 68 days | 1,671 sqft |
| 2024-01-01 | 78 days | 1,655 sqft |
| 2024-02-01 | 78 days | 1,632 sqft |
| 2024-03-01 | 61 days | 1,654 sqft |
| 2024-04-01 | 48 days | 1,675 sqft |
| 2024-05-01 | 42 days | 1,729 sqft |
| 2024-06-01 | 51 days | 1,714 sqft |
| 2024-07-01 | 61 days | 1,697 sqft |
| 2024-08-01 | 65 days | 1,647 sqft |
| 2024-09-01 | 68 days | 1,636 sqft |
| 2024-10-01 | 67 days | 1,620 sqft |
| 2024-11-01 | 67 days | 1,632 sqft |
Chico's median square footage for active listings during the 2024-11-01 period was 1,632 sqft. One year prior, the average listing was 1,674 sqft.