Clearlake USDA Loan Rates, Closing Costs & Stats

Clearlake, 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.

Clearlake's 5 lenders originated 7 USDA loans during 2023. The total origination value was $1,755,000, with an average USDA loan value of $250,714.

Clearlake USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Clearlake averaged 6.89% for the week of 2024-05-24, compared to the national average (all USDA variants) of 6.738% for the same period.

Clearlake's average USDA mortgage closing costs are $7,039.

The average rate for the prior week (2024-05-17) was 6.57% and one month ago for the week of 2024-04-19, the average rate was 7.01%.

The average rate one year ago was 6.33%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.84%.

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

Clearlake 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 Clearlake level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Century Mortgage Company DBA Century Lending Company 2 6.25% $8,687
UNITED WHOLESALE MORTGAGE, LLC 2 5.95% $5,298
CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $7,147
Sierra Pacific Mortgage Company, Inc. 1 5.38% $8,627
SUN WEST MORTGAGE COMPANY, INC. 1 4.88% $19,760

The top Clearlake USDA lender as defined by loan originations is Century Mortgage Company DBA Century Lending Company, with 2 USDA loans originated. Their average total fees are $8,687, which is $3,389 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Clearlake USDA lenders (with over 10 loans originated) are .

The lowest rate Clearlake USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Clearlake (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 $322,250 (21.0%) $396,242 (22.6%) 0.00 320
2018-02-01 $309,750 (17.4%) $389,482 (22.4%) 0.00 337
2018-03-01 $325,000 (21.2%) $399,363 (23.5%) 0.00 363
2018-04-01 $334,500 (23.9%) $425,976 (21.9%) 0.00 397
2018-05-01 $333,500 (19.4%) $449,943 (26.2%) 0.00 438
2018-06-01 $339,900 (16.9%) $452,917 (20.1%) 0.00 461
2018-07-01 $331,350 (15.5%) $436,399 (16.0%) 0.00 463
2018-08-01 $329,350 (13.2%) $424,312 (12.4%) 0.00 478
2018-09-01 $325,000 (10.5%) $414,076 (10.7%) 0.00 488
2018-10-01 $324,575 (9.3%) $411,076 (10.3%) 0.00 484
2018-11-01 $317,750 (1.8%) $406,402 (6.6%) 0.00 472
2018-12-01 $319,900 (-1.6%) $413,462 (2.7%) 0.00 447
2019-01-01 $319,225 (-0.9%) $391,462 (-1.2%) 0.00 414
2019-02-01 $316,500 (2.2%) $387,752 (-0.4%) 0.00 414
2019-03-01 $321,571 (-1.1%) $395,390 (-1.0%) 0.00 405
2019-04-01 $327,000 (-2.2%) $399,684 (-6.2%) 0.00 419
2019-05-01 $329,950 (-1.1%) $626,647 (39.3%) 0.00 486
2019-06-01 $339,200 (-0.2%) $425,651 (-6.0%) 0.00 504
2019-07-01 $327,000 (-1.3%) $425,684 (-2.5%) 0.00 509
2019-08-01 $317,909 (-3.5%) $415,528 (-2.1%) 0.00 506
2019-09-01 $307,273 (-5.5%) $404,190 (-2.4%) 0.00 506
2019-10-01 $299,450 (-7.7%) $394,707 (-4.0%) 0.00 496
2019-11-01 $297,900 (-6.3%) $385,186 (-5.2%) 0.00 474
2019-12-01 $282,450 (-11.7%) $366,812 (-11.3%) 0.00 435
2020-01-01 $279,000 (-12.6%) $344,109 (-12.1%) 0.00 384
2020-02-01 $279,900 (-11.6%) $346,036 (-10.8%) 0.00 374
2020-03-01 $297,000 (-7.6%) $373,202 (-5.6%) 0.00 373
2020-04-01 $310,225 (-5.1%) $384,712 (-3.8%) 0.00 349
2020-05-01 $319,000 (-3.3%) $389,006 (-37.9%) 0.00 350
2020-06-01 $325,000 (-4.2%) $432,643 (1.6%) 0.00 312
2020-07-01 $325,000 (-0.6%) $440,019 (3.4%) 0.00 299
2020-08-01 $325,000 (2.2%) $459,405 (10.6%) 0.00 232
2020-09-01 $323,750 (5.4%) $478,195 (18.3%) 0.00 244
2020-10-01 $329,500 (10.0%) $493,130 (24.9%) 0.00 235
2020-11-01 $345,000 (15.8%) $515,714 (33.9%) 0.00 230
2020-12-01 $349,499 (23.7%) $568,477 (55.0%) 0.00 203
2021-01-01 $349,000 (25.1%) $661,374 (92.2%) 0.00 187
2021-02-01 $356,475 (27.4%) $668,026 (93.1%) 0.00 171
2021-03-01 $394,475 (32.8%) $727,596 (95.0%) 0.00 151
2021-04-01 $395,000 (27.3%) $718,060 (86.7%) 0.00 154
2021-05-01 $424,800 (33.2%) $733,865 (88.7%) 0.00 161
2021-06-01 $399,250 (22.9%) $706,351 (63.3%) 0.00 190
2021-07-01 $419,950 (29.2%) $705,509 (60.3%) 0.00 211
2021-08-01 $394,375 (21.4%) $668,248 (45.5%) 0.00 250
2021-09-01 $391,750 (21.0%) $660,503 (38.1%) 0.00 280
2021-10-01 $389,000 (18.1%) $657,868 (33.4%) 0.00 291
2021-11-01 $382,694 (10.9%) $654,688 (27.0%) 0.00 279
2021-12-01 $387,000 (10.7%) $661,134 (16.3%) 0.00 253
2022-01-01 $383,700 (9.9%) $612,985 (-7.3%) 0.00 214
2022-02-01 $387,999 (8.8%) $628,965 (-5.9%) 0.00 190
2022-03-01 $407,750 (3.4%) $630,538 (-13.3%) 0.00 231
2022-04-01 $437,444 (10.8%) $659,792 (-8.1%) 0.00 250
2022-05-01 $451,250 (6.2%) $669,559 (-8.8%) 0.00 290
2022-06-01 $449,500 (12.6%) $660,817 (-6.5%) 0.00 330
2022-07-01 $449,000 (6.9%) $624,327 (-11.5%) 0.00 365
2022-08-01 $428,500 (8.7%) $579,402 (-13.3%) 0.00 385
2022-09-01 $419,850 (7.2%) $569,613 (-13.8%) 0.00 403
2022-10-01 $416,600 (7.1%) $569,024 (-13.5%) 0.00 385
2022-11-01 $415,400 (8.6%) $570,783 (-12.8%) 0.00 350
2022-12-01 $399,999 (3.4%) $573,301 (-13.3%) 0.00 309
2023-01-01 $399,000 (4.0%) $507,699 (-17.2%) 0.00 263
2023-02-01 $397,000 (2.3%) $502,223 (-20.2%) 0.00 255
2023-03-01 $388,750 (-4.7%) $515,111 (-18.3%) 0.00 255
2023-04-01 $380,000 (-13.1%) $497,182 (-24.7%) 0.00 272
2023-05-01 $399,475 (-11.5%) $512,557 (-23.5%) 0.00 321
2023-06-01 $404,325 (-10.1%) $525,509 (-20.5%) 0.00 352
2023-07-01 $403,000 (-10.2%) $530,225 (-15.1%) 0.00 359
2023-08-01 $411,750 (-3.9%) $556,532 (-4.0%) 0.00 378
2023-09-01 $419,000 (-0.2%) $612,843 (7.6%) 0.00 379
2023-10-01 $409,975 (-1.6%) $594,803 (4.5%) 0.00 405
2023-11-01 $399,000 (-4.0%) $584,678 (2.4%) 0.00 406
2023-12-01 $389,000 (-2.8%) $549,146 (-4.2%) 0.00 374
2024-01-01 $399,000 (0.0%) $553,231 (9.0%) 0.00 334
2024-02-01 $420,750 (6.0%) $564,175 (12.3%) 0.00 327
2024-03-01 $418,000 (7.5%) $565,165 (9.7%) 0.00 312
2024-04-01 $425,000 (11.8%) $585,830 (17.8%) 0.00 331
Clearlake's median listing price for 2024-04-01 was $425,000, a difference of $45,000 (11.8%) versus the prior year and $7,000 versus the prior month.

Clearlake's median listing price comes in at 0% of the national average.

Clearlake's average listing price for 2024-04-01 was $585,830, a difference of $88,648 (17.8%) versus the prior year and $20,665 versus the prior month.

For the 2024-04-01 period, Clearlake had 331 MLS listings, a difference of 19 listings (6%) versus the prior month and 59 listings (22%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Clearlake (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,599 sqft
2018-02-01 0 days 1,540 sqft
2018-03-01 0 days 1,552 sqft
2018-04-01 0 days 1,623 sqft
2018-05-01 0 days 1,642 sqft
2018-06-01 0 days 1,638 sqft
2018-07-01 0 days 1,630 sqft
2018-08-01 0 days 1,620 sqft
2018-09-01 0 days 1,635 sqft
2018-10-01 0 days 1,673 sqft
2018-11-01 0 days 1,600 sqft
2018-12-01 0 days 1,595 sqft
2019-01-01 0 days 1,554 sqft
2019-02-01 0 days 1,542 sqft
2019-03-01 0 days 1,539 sqft
2019-04-01 0 days 1,560 sqft
2019-05-01 0 days 1,582 sqft
2019-06-01 0 days 1,597 sqft
2019-07-01 0 days 1,590 sqft
2019-08-01 0 days 1,575 sqft
2019-09-01 0 days 1,560 sqft
2019-10-01 0 days 1,552 sqft
2019-11-01 0 days 1,510 sqft
2019-12-01 0 days 1,471 sqft
2020-01-01 0 days 1,436 sqft
2020-02-01 0 days 1,440 sqft
2020-03-01 0 days 1,469 sqft
2020-04-01 0 days 1,494 sqft
2020-05-01 0 days 1,512 sqft
2020-06-01 0 days 1,546 sqft
2020-07-01 0 days 1,557 sqft
2020-08-01 0 days 1,557 sqft
2020-09-01 0 days 1,500 sqft
2020-10-01 0 days 1,529 sqft
2020-11-01 0 days 1,533 sqft
2020-12-01 0 days 1,580 sqft
2021-01-01 0 days 1,516 sqft
2021-02-01 0 days 1,591 sqft
2021-03-01 0 days 1,633 sqft
2021-04-01 0 days 1,547 sqft
2021-05-01 0 days 1,628 sqft
2021-06-01 0 days 1,520 sqft
2021-07-01 0 days 1,500 sqft
2021-08-01 0 days 1,541 sqft
2021-09-01 0 days 1,550 sqft
2021-10-01 0 days 1,547 sqft
2021-11-01 0 days 1,524 sqft
2021-12-01 0 days 1,548 sqft
2022-01-01 0 days 1,531 sqft
2022-02-01 0 days 1,557 sqft
2022-03-01 0 days 1,596 sqft
2022-04-01 0 days 1,600 sqft
2022-05-01 0 days 1,650 sqft
2022-06-01 0 days 1,665 sqft
2022-07-01 0 days 1,650 sqft
2022-08-01 0 days 1,600 sqft
2022-09-01 0 days 1,565 sqft
2022-10-01 0 days 1,553 sqft
2022-11-01 0 days 1,557 sqft
2022-12-01 0 days 1,561 sqft
2023-01-01 0 days 1,544 sqft
2023-02-01 0 days 1,552 sqft
2023-03-01 0 days 1,533 sqft
2023-04-01 0 days 1,537 sqft
2023-05-01 0 days 1,585 sqft
2023-06-01 0 days 1,587 sqft
2023-07-01 0 days 1,572 sqft
2023-08-01 0 days 1,576 sqft
2023-09-01 0 days 1,596 sqft
2023-10-01 0 days 1,596 sqft
2023-11-01 0 days 1,548 sqft
2023-12-01 0 days 1,508 sqft
2024-01-01 0 days 1,541 sqft
2024-02-01 0 days 1,561 sqft
2024-03-01 0 days 1,568 sqft
2024-04-01 0 days 1,563 sqft
Clearlake's median listing age (time on market) for 2024-04-01 was 0 days.

Clearlake's median square footage for active listings during the 2024-04-01 period was 1,563 sqft. One year prior, the average listing was 1,537 sqft.