Clearlake USDA Loans

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 15 lenders originated 25 USDA loans during 2021. The total origination value was $6,165,000, with an average USDA loan value of $246,600.

Clearlake USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Clearlake averaged 6.68% for the week of 2022-09-30, compared to the national average (all USDA variants) of 6.358% for the same period.

The average rate for the prior week (2022-09-23) was 6.42% and one month ago for the week of 2022-08-26, the average rate was 5.45%.

The average rate one year ago was 3.3%.

For refis of the same type during the week of 2022-09-30, the average rate was 6.07%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Clearlake level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
AMERICAN PACIFIC MORTGAGE CORPORATION 5 2.98% $7,482
NATIONS RELIABLE LENDING, LLC 3 3.17% $6,984
Century Mortgage Company DBA Century Lending Company 3 2.96% $8,120
CROSSCOUNTRY MORTGAGE, LLC 1 3.38% $7,093
Flagstar Bank, FSB 1 2.75% $8,864
GUARANTEED RATE AFFINITY, LLC 1 3.00% $6,700
GUILD MORTGAGE COMPANY 1 2.63% $6,917
NEWREZ LLC 1 3.00% $2,648
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.00% $17,840
S1L, Inc. 1 2.63% $5,880
Sierra Pacific Mortgage Company, Inc. 1 2.75% $5,559
SUN WEST MORTGAGE COMPANY, INC. 1 2.88% $9,572
UNITED WHOLESALE MORTGAGE, LLC 1 2.61% $7,447
Austin Capital Bank SSB 1 2.50% $5,294
Commerce Home Mortgage, Inc. 1 2.25% $5,584

The top Clearlake USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with 5 USDA loans originated. Their average total fees are $7,482, which is $498 higher than the next largest lender, NATIONS RELIABLE LENDING, 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 $327,000 (21.6%) $406,508 (21.9%) 0.00 399
2018-02-01 $322,450 (17.7%) $393,772 (18.6%) 0.00 427
2018-03-01 $340,000 (24.8%) $403,026 (20.5%) 0.00 459
2018-04-01 $349,500 (24.9%) $431,316 (20.3%) 0.00 512
2018-05-01 $349,950 (17.8%) $461,785 (25.4%) 0.00 581
2018-06-01 $349,900 (16.8%) $465,837 (20.9%) 0.00 619
2018-07-01 $339,950 (13.7%) $447,633 (17.4%) 0.00 618
2018-08-01 $339,450 (10.4%) $437,003 (10.0%) 0.00 630
2018-09-01 $329,999 (3.5%) $426,616 (7.6%) 0.00 668
2018-10-01 $329,900 (3.4%) $426,209 (7.9%) 0.00 660
2018-11-01 $324,750 (-1.4%) $420,195 (4.6%) 0.00 624
2018-12-01 $325,000 (-5.8%) $425,915 (1.5%) 0.00 592
2019-01-01 $319,950 (-2.2%) $400,922 (-1.4%) 0.00 553
2019-02-01 $319,000 (-1.1%) $399,700 (1.5%) 0.00 539
2019-03-01 $323,671 (-4.8%) $407,348 (1.1%) 0.00 526
2019-04-01 $329,900 (-5.6%) $414,029 (-4.0%) 0.00 531
2019-05-01 $334,500 (-4.4%) $930,056 (101.4%) 0.00 610
2019-06-01 $349,000 (-0.3%) $451,559 (-3.1%) 0.00 638
2019-07-01 $330,750 (-2.7%) $445,237 (-0.5%) 0.00 653
2019-08-01 $319,714 (-5.8%) $426,739 (-2.4%) 0.00 657
2019-09-01 $310,000 (-6.1%) $413,756 (-3.0%) 0.00 665
2019-10-01 $299,900 (-9.1%) $412,078 (-3.3%) 0.00 643
2019-11-01 $299,000 (-7.9%) $405,442 (-3.5%) 0.00 602
2019-12-01 $289,000 (-11.1%) $393,656 (-7.6%) 0.00 544
2020-01-01 $279,450 (-12.7%) $361,929 (-9.7%) 0.00 479
2020-02-01 $285,000 (-10.7%) $369,696 (-7.5%) 0.00 459
2020-03-01 $299,900 (-7.3%) $399,942 (-1.8%) 0.00 469
2020-04-01 $318,000 (-3.6%) $407,220 (-1.6%) 0.00 436
2020-05-01 $319,000 (-4.6%) $408,815 (-56.0%) 0.00 434
2020-06-01 $326,000 (-6.6%) $440,084 (-2.5%) 0.00 380
2020-07-01 $329,000 (-0.5%) $464,977 (4.4%) 0.00 363
2020-08-01 $329,900 (3.2%) $483,707 (13.4%) 0.00 281
2020-09-01 $330,000 (6.5%) $489,920 (18.4%) 0.00 284
2020-10-01 $345,000 (15.0%) $530,768 (28.8%) 0.00 267
2020-11-01 $347,450 (16.2%) $543,018 (33.9%) 0.00 272
2020-12-01 $352,000 (21.8%) $575,331 (46.2%) 0.00 254
2021-01-01 $349,000 (24.9%) $668,916 (84.8%) 0.00 235
2021-02-01 $387,000 (35.8%) $723,335 (95.7%) 0.00 221
2021-03-01 $460,000 (53.4%) $788,038 (97.0%) 0.00 187
2021-04-01 $412,000 (29.6%) $765,246 (87.9%) 0.00 187
2021-05-01 $435,000 (36.4%) $784,209 (91.8%) 0.00 192
2021-06-01 $415,500 (27.5%) $734,836 (67.0%) 0.00 237
2021-07-01 $434,000 (31.9%) $726,582 (56.3%) 0.00 261
2021-08-01 $399,450 (21.1%) $666,264 (37.7%) 0.00 312
2021-09-01 $404,000 (22.4%) $682,453 (39.3%) 0.00 351
2021-10-01 $396,000 (14.8%) $663,961 (25.1%) 0.00 373
2021-11-01 $398,000 (14.6%) $682,395 (25.7%) 0.00 356
2021-12-01 $399,450 (13.5%) $673,712 (17.1%) 0.00 316
2022-01-01 $395,000 (13.2%) $633,765 (-5.3%) 0.00 259
2022-02-01 $399,000 (3.1%) $637,496 (-11.9%) 0.00 228
2022-03-01 $422,000 (-8.3%) $654,880 (-16.9%) 0.00 269
2022-04-01 $449,000 (9.0%) $701,278 (-8.4%) 0.00 279
2022-05-01 $472,000 (8.5%) $710,444 (-9.4%) 0.00 354
2022-06-01 $467,450 (12.5%) $690,341 (-6.1%) 0.00 401
2022-07-01 $469,000 (8.1%) $654,320 (-10.0%) 0.00 445
2022-08-01 $449,000 (12.4%) $593,794 (-10.9%) 0.00 480
Clearlake's median listing price for 2022-08-01 was $449,000, a difference of $49,550 (12.4%) versus the prior year and $-20,000 versus the prior month.

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

Clearlake's average listing price for 2022-08-01 was $593,794, a difference of $-72,470 (-10.9%) versus the prior year and $-60,526 versus the prior month.

For the 2022-08-01 period, Clearlake had 480 MLS listings, a difference of 35 listings (8%) versus the prior month and 168 listings (54%) 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 1,674 sqft
2018-02-01 0 days 1,587 sqft
2018-03-01 0 days 1,600 sqft
2018-04-01 0 days 1,690 sqft
2018-05-01 0 days 1,691 sqft
2018-06-01 0 days 1,680 sqft
2018-07-01 0 days 1,674 sqft
2018-08-01 0 days 1,660 sqft
2018-09-01 0 days 1,672 sqft
2018-10-01 0 days 1,700 sqft
2018-11-01 0 days 1,638 sqft
2018-12-01 0 days 1,630 sqft
2019-01-01 0 days 1,560 sqft
2019-02-01 0 days 1,556 sqft
2019-03-01 0 days 1,566 sqft
2019-04-01 0 days 1,596 sqft
2019-05-01 0 days 1,604 sqft
2019-06-01 0 days 1,632 sqft
2019-07-01 0 days 1,600 sqft
2019-08-01 0 days 1,583 sqft
2019-09-01 0 days 1,564 sqft
2019-10-01 0 days 1,593 sqft
2019-11-01 0 days 1,546 sqft
2019-12-01 0 days 1,498 sqft
2020-01-01 0 days 1,440 sqft
2020-02-01 0 days 1,431 sqft
2020-03-01 0 days 1,470 sqft
2020-04-01 0 days 1,475 sqft
2020-05-01 0 days 1,510 sqft
2020-06-01 0 days 1,573 sqft
2020-07-01 0 days 1,615 sqft
2020-08-01 0 days 1,600 sqft
2020-09-01 0 days 1,510 sqft
2020-10-01 0 days 1,536 sqft
2020-11-01 0 days 1,581 sqft
2020-12-01 0 days 1,618 sqft
2021-01-01 0 days 1,568 sqft
2021-02-01 0 days 1,678 sqft
2021-03-01 0 days 1,707 sqft
2021-04-01 0 days 1,632 sqft
2021-05-01 0 days 1,680 sqft
2021-06-01 0 days 1,576 sqft
2021-07-01 0 days 1,532 sqft
2021-08-01 0 days 1,544 sqft
2021-09-01 0 days 1,572 sqft
2021-10-01 0 days 1,560 sqft
2021-11-01 0 days 1,560 sqft
2021-12-01 0 days 1,566 sqft
2022-01-01 0 days 1,540 sqft
2022-02-01 0 days 1,615 sqft
2022-03-01 0 days 1,653 sqft
2022-04-01 0 days 1,653 sqft
2022-05-01 0 days 1,679 sqft
2022-06-01 0 days 1,688 sqft
2022-07-01 0 days 1,714 sqft
2022-08-01 0 days 1,672 sqft
Clearlake's median listing age (time on market) for 2022-08-01 was 0 days.

Clearlake's median square footage for active listings during the 2022-08-01 period was 1,672 sqft. One year prior, the average listing was 1,544 sqft.