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
6.82%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Clearlake's average USDA mortgage closing costs are $7,039.
The average rate for the prior week (2024-04-12) was
6.77% and
one month ago for the week of 2024-03-15, the
average rate was 6.55%.
The average rate one year ago was 6.39%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
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 |
Clearlake's median listing price comes in at 0% of the national average.
Clearlake's average listing price for 2024-03-01 was $565,165, a difference of $50,054 (9.7%) versus the prior year and $990 versus the prior month.
For the 2024-03-01 period, Clearlake had 312 MLS listings, a difference of -15 listings (-5%) versus the prior month and 57 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 |
Clearlake's median square footage for active listings during the 2024-03-01 period was 1,568 sqft. One year prior, the average listing was 1,533 sqft.