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 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 6.33% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.6% and one month ago for the week of 2024-10-04, the average rate was 6.03%.

    The average rate one year ago was 7.27%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.38%.

    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
    2024-05-01 $434,500 (8.8%) $618,700 (20.7%) 0.00 355
    2024-06-01 $444,000 (9.8%) $612,500 (16.6%) 0.00 391
    2024-07-01 $421,500 (4.6%) $574,705 (8.4%) 0.00 425
    2024-08-01 $399,900 (-2.9%) $558,889 (0.4%) 0.00 436
    2024-09-01 $392,500 (-6.3%) $544,549 (-11.1%) 0.00 476
    2024-10-01 $397,500 (-3.0%) $548,409 (-7.8%) 0.00 463
    Clearlake's median listing price for 2024-10-01 was $397,500, a difference of $-12,475 (-3.0%) versus the prior year and $5,000 versus the prior month.

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

    Clearlake's average listing price for 2024-10-01 was $548,409, a difference of $-46,394 (-7.8%) versus the prior year and $3,860 versus the prior month.

    For the 2024-10-01 period, Clearlake had 463 MLS listings, a difference of -13 listings (-3%) versus the prior month and 58 listings (14%) 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
    2024-05-01 0 days 1,608 sqft
    2024-06-01 0 days 1,692 sqft
    2024-07-01 0 days 1,662 sqft
    2024-08-01 0 days 1,600 sqft
    2024-09-01 0 days 1,589 sqft
    2024-10-01 0 days 1,579 sqft
    Clearlake's median listing age (time on market) for 2024-10-01 was 0 days.

    Clearlake's median square footage for active listings during the 2024-10-01 period was 1,579 sqft. One year prior, the average listing was 1,596 sqft.