Clearlake USDA Loan Rates, Closing Costs & Stats

Clearlake, CA

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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.

    Clearlake's 11 lenders originated 11 USDA loans during 2022. The total origination value was $2,955,000, with an average USDA loan value of $268,636.

    Clearlake USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Clearlake averaged 6.37% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

    Clearlake's average USDA mortgage closing costs are $6,939.

    The average rate for the prior week (2023-05-19) was 6.31% and one month ago for the week of 2023-04-21, the average rate was 6.22%.

    The average rate one year ago was 4.74%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.09%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.50% $10,020
    AMERISAVE MORTGAGE CORPORATION 1 3.50% $7,850
    Bank of England 1 5.00% $5,509
    CALIBER HOME LOANS, INC. 1 4.13% $8,476
    CARDINAL FINANCIAL 1 4.25% $12,833
    Century Mortgage Company DBA Century Lending Company 1 3.50% $8,699
    GENEVA FINANCIAL, LLC 1 5.75% $8,596
    HOME POINT FINANCIAL CORPORATION 1 2.25% $7,358
    NATIONS RELIABLE LENDING, LLC 1 5.63% $11,004
    Paramount Residential Mortgage Group, Inc. 1 4.63% $6,713
    SUMMIT FUNDING, INC. 1 5.50% $13,545

    The top Clearlake USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with 1 USDA loans originated. Their average total fees are $10,020, which is $2,170 higher than the next largest lender, AMERISAVE MORTGAGE CORPORATION.

    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 $319,450 (-0.9%) $391,669 (-1.2%) 0.00 414
    2019-02-01 $316,500 (2.2%) $387,752 (-0.4%) 0.00 414
    2019-03-01 $319,000 (-1.9%) $395,402 (-1.0%) 0.00 406
    2019-04-01 $327,000 (-2.2%) $399,684 (-6.2%) 0.00 422
    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 $320,000 (-2.8%) $407,927 (-3.9%) 0.00 511
    2019-09-01 $309,950 (-4.6%) $402,125 (-2.9%) 0.00 500
    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 (-12.7%) $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 (-6.9%) $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 (1.6%) $459,405 (12.6%) 0.00 232
    2020-09-01 $323,750 (4.5%) $478,195 (18.9%) 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 $357,225 (27.6%) $669,068 (93.4%) 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 $420,000 (29.2%) $707,436 (60.8%) 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 (8.6%) $628,965 (-6.0%) 0.00 190
    2022-03-01 $407,750 (3.4%) $630,538 (-13.3%) 0.00 231
    2022-04-01 $437,444 (10.8%) $674,947 (-6.0%) 0.00 250
    2022-05-01 $452,875 (6.6%) $680,355 (-7.3%) 0.00 290
    2022-06-01 $452,250 (13.3%) $661,942 (-6.3%) 0.00 331
    2022-07-01 $449,000 (6.9%) $624,693 (-11.7%) 0.00 366
    2022-08-01 $430,750 (9.2%) $580,312 (-13.2%) 0.00 386
    2022-09-01 $420,250 (7.3%) $569,854 (-13.7%) 0.00 404
    2022-10-01 $418,000 (7.5%) $569,615 (-13.4%) 0.00 387
    2022-11-01 $417,300 (9.0%) $571,428 (-12.7%) 0.00 352
    2022-12-01 $400,000 (3.4%) $573,387 (-13.3%) 0.00 310
    2023-01-01 $399,000 (4.0%) $509,750 (-16.8%) 0.00 265
    2023-02-01 $399,000 (2.8%) $505,150 (-19.7%) 0.00 259
    2023-03-01 $392,000 (-3.9%) $517,076 (-18.0%) 0.00 258
    2023-04-01 $385,000 (-12.0%) $501,613 (-25.7%) 0.00 275
    Clearlake's median listing price for 2023-04-01 was $385,000, a difference of $-52,444 (-12.0%) 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 2023-04-01 was $501,613, a difference of $-173,334 (-25.7%) versus the prior year and $-15,463 versus the prior month.

    For the 2023-04-01 period, Clearlake had 275 MLS listings, a difference of 17 listings (7%) versus the prior month and 25 listings (10%) 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 1,594 sqft
    2018-02-01 0 days 1,535 sqft
    2018-03-01 0 days 1,540 sqft
    2018-04-01 0 days 1,620 sqft
    2018-05-01 0 days 1,640 sqft
    2018-06-01 0 days 1,638 sqft
    2018-07-01 0 days 1,630 sqft
    2018-08-01 0 days 1,621 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 1,557 sqft
    2019-02-01 0 days 1,542 sqft
    2019-03-01 0 days 1,527 sqft
    2019-04-01 0 days 1,560 sqft
    2019-05-01 0 days 1,580 sqft
    2019-06-01 0 days 1,597 sqft
    2019-07-01 0 days 1,590 sqft
    2019-08-01 0 days 1,577 sqft
    2019-09-01 0 days 1,560 sqft
    2019-10-01 0 days 1,551 sqft
    2019-11-01 0 days 1,509 sqft
    2019-12-01 0 days 1,469 sqft
    2020-01-01 0 days 1,436 sqft
    2020-02-01 0 days 1,440 sqft
    2020-03-01 0 days 1,468 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 1,593 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 1,656 sqft
    2022-06-01 0 days 1,666 sqft
    2022-07-01 0 days 1,652 sqft
    2022-08-01 0 days 1,606 sqft
    2022-09-01 0 days 1,566 sqft
    2022-10-01 0 days 1,553 sqft
    2022-11-01 0 days 1,555 sqft
    2022-12-01 0 days 1,561 sqft
    2023-01-01 0 days 1,542 sqft
    2023-02-01 0 days 1,553 sqft
    2023-03-01 0 days 1,535 sqft
    2023-04-01 0 days 1,546 sqft
    Clearlake's median listing age (time on market) for 2023-04-01 was 0 days.

    Clearlake's median square footage for active listings during the 2023-04-01 period was 1,546 sqft. One year prior, the average listing was 1,600 sqft.