Eureka USDA Loan Rates, Closing Costs & Stats

Eureka-Arcata, 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.

    Eureka's 6 lenders originated 11 USDA loans during 2022. The total origination value was $3,165,000, with an average USDA loan value of $287,727.

    Eureka USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Eureka averaged 6.64% for the week of 2023-12-01, compared to the national average (all USDA variants) of 6.997% for the same period.

    Eureka's average USDA mortgage closing costs are $7,629.

    The average rate for the prior week (2023-11-24) was 6.75% and one month ago for the week of 2023-10-27, the average rate was 7%.

    The average rate one year ago was 5.92%.

    For refis of the same type during the week of 2023-12-01, the average rate was 5.77%.

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

    Eureka 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 Eureka level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    CALIBER HOME LOANS, INC. 4 3.86% $12,399
    FINANCE OF AMERICA MORTGAGE LLC 3 3.79% $9,239
    ACADEMY MORTGAGE CORPORATION 1 6.13% $12,400
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.63% $7,466
    HOME POINT FINANCIAL CORPORATION 1 4.75% $12,924
    Sierra Pacific Mortgage Company, Inc. 1 3.50% $8,147

    The top Eureka USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 4 USDA loans originated. Their average total fees are $12,399, which is $3,161 higher than the next largest lender, FINANCE OF AMERICA MORTGAGE LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Eureka (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 $425,000 (13.3%) $633,125 (6.6%) 1.58 339
    2018-02-01 $425,000 (13.3%) $626,199 (-7.3%) 1.54 358
    2018-03-01 $425,000 (8.0%) $611,703 (-0.8%) 1.49 378
    2018-04-01 $425,000 (11.9%) $588,837 (-6.5%) 1.44 386
    2018-05-01 $421,000 (5.5%) $555,169 (-22.9%) 1.41 439
    2018-06-01 $399,000 (-0.9%) $553,938 (-17.9%) 1.33 492
    2018-07-01 $394,250 (-1.4%) $547,116 (-11.6%) 1.32 491
    2018-08-01 $395,000 (0.8%) $543,422 (-3.3%) 1.32 510
    2018-09-01 $389,900 (0.0%) $539,610 (-6.4%) 1.31 507
    2018-10-01 $377,250 (-5.3%) $529,419 (-8.9%) 1.28 492
    2018-11-01 $382,425 (-4.2%) $530,496 (-7.3%) 1.30 474
    2018-12-01 $379,000 (-5.0%) $529,875 (-11.5%) 1.31 427
    2019-01-01 $376,625 (-11.4%) $526,483 (-16.8%) 1.30 375
    2019-02-01 $369,000 (-13.2%) $514,051 (-17.9%) 1.25 380
    2019-03-01 $375,857 (-11.6%) $528,520 (-13.6%) 1.23 377
    2019-04-01 $385,000 (-9.4%) $544,318 (-7.6%) 1.22 380
    2019-05-01 $397,000 (-5.7%) $548,403 (-1.2%) 1.24 399
    2019-06-01 $395,000 (-1.0%) $542,476 (-2.1%) 1.23 432
    2019-07-01 $389,450 (-1.2%) $542,150 (-0.9%) 1.22 445
    2019-08-01 $383,818 (-2.8%) $538,868 (-0.8%) 1.22 441
    2019-09-01 $376,045 (-3.6%) $527,831 (-2.2%) 1.20 421
    2019-10-01 $370,000 (-1.9%) $515,039 (-2.7%) 1.19 401
    2019-11-01 $368,863 (-3.6%) $502,823 (-5.2%) 1.21 365
    2019-12-01 $360,463 (-4.9%) $503,476 (-5.0%) 1.20 324
    2020-01-01 $354,500 (-5.9%) $486,348 (-7.6%) 1.18 286
    2020-02-01 $350,000 (-5.2%) $506,868 (-1.4%) 1.15 266
    2020-03-01 $352,500 (-6.2%) $499,384 (-5.5%) 1.11 274
    2020-04-01 $360,475 (-6.4%) $495,289 (-9.0%) 1.13 270
    2020-05-01 $357,000 (-10.1%) $485,619 (-11.5%) 1.09 269
    2020-06-01 $377,500 (-4.4%) $581,452 (7.2%) 1.11 235
    2020-07-01 $379,000 (-2.7%) $622,921 (14.9%) 1.10 217
    2020-08-01 $399,250 (4.0%) $641,777 (19.1%) 1.14 210
    2020-09-01 $399,375 (6.2%) $659,244 (24.9%) 1.14 188
    2020-10-01 $425,000 (14.9%) $684,059 (32.8%) 1.22 162
    2020-11-01 $422,225 (14.5%) $691,846 (37.6%) 1.23 171
    2020-12-01 $428,225 (18.8%) $685,903 (36.2%) 1.27 132
    2021-01-01 $425,000 (19.9%) $698,426 (43.6%) 1.27 115
    2021-02-01 $428,250 (22.4%) $771,500 (52.2%) 1.25 103
    2021-03-01 $427,450 (21.3%) $732,215 (46.6%) 1.21 110
    2021-04-01 $444,475 (23.3%) $704,625 (42.3%) 1.20 124
    2021-05-01 $429,900 (20.4%) $674,760 (39.0%) 1.14 133
    2021-06-01 $434,100 (15.0%) $710,684 (22.2%) 1.14 149
    2021-07-01 $449,000 (18.5%) $725,572 (16.5%) 1.18 158
    2021-08-01 $449,750 (12.7%) $724,320 (12.9%) 1.20 175
    2021-09-01 $470,475 (17.8%) $753,658 (14.3%) 1.25 165
    2021-10-01 $493,000 (16.0%) $776,367 (13.5%) 1.31 168
    2021-11-01 $519,500 (23.0%) $819,265 (18.4%) 1.39 169
    2021-12-01 $499,000 (16.5%) $775,383 (13.1%) 1.35 171
    2022-01-01 $519,000 (22.1%) $833,508 (19.3%) 1.40 158
    2022-02-01 $524,500 (22.5%) $834,024 (8.1%) 1.36 164
    2022-03-01 $544,750 (27.4%) $803,673 (9.8%) 1.36 175
    2022-04-01 $549,500 (23.6%) $812,289 (15.3%) 1.31 188
    2022-05-01 $539,609 (25.5%) $791,898 (17.4%) 1.23 233
    2022-06-01 $532,484 (22.7%) $755,962 (6.4%) 1.19 275
    2022-07-01 $499,000 (11.1%) $679,627 (-6.3%) 1.12 329
    2022-08-01 $498,000 (10.7%) $667,642 (-7.8%) 1.15 324
    2022-09-01 $499,500 (6.2%) $663,296 (-12.0%) 1.17 325
    2022-10-01 $495,000 (0.4%) $646,637 (-16.7%) 1.16 341
    2022-11-01 $486,500 (-6.4%) $637,263 (-22.2%) 1.17 332
    2022-12-01 $489,000 (-2.0%) $641,715 (-17.2%) 1.21 317
    2023-01-01 $478,000 (-7.9%) $627,962 (-24.7%) 1.19 272
    2023-02-01 $468,725 (-10.6%) $616,553 (-26.1%) 1.13 263
    2023-03-01 $480,975 (-11.7%) $637,436 (-20.7%) 1.13 254
    2023-04-01 $499,000 (-9.2%) $644,477 (-20.7%) 1.16 252
    2023-05-01 $499,500 (-7.4%) $654,365 (-17.4%) 1.13 274
    2023-06-01 $489,450 (-8.1%) $622,443 (-17.7%) 1.10 321
    2023-07-01 $489,000 (-2.0%) $620,709 (-8.7%) 1.11 346
    2023-08-01 $492,450 (-1.1%) $624,764 (-6.4%) 1.13 345
    2023-09-01 $475,000 (-4.9%) $622,327 (-6.2%) 1.11 361
    2023-10-01 $475,000 (-4.0%) $611,533 (-5.4%) 1.12 377
    2023-11-01 $466,750 (-4.1%) $600,455 (-5.8%) 1.11 346
    Eureka's median listing price for 2023-11-01 was $466,750, a difference of $-19,750 (-4.1%) versus the prior year and $-8,250 versus the prior month.

    Eureka's median listing price comes in at 111% of the national average.

    Eureka's average listing price for 2023-11-01 was $600,455, a difference of $-36,808 (-5.8%) versus the prior year and $-11,078 versus the prior month.

    For the 2023-11-01 period, Eureka had 346 MLS listings, a difference of -31 listings (-8%) versus the prior month and 14 listings (4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Eureka (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 78 days 1,552 sqft
    2018-02-01 77 days 1,553 sqft
    2018-03-01 69 days 1,556 sqft
    2018-04-01 68 days 1,583 sqft
    2018-05-01 59 days 1,566 sqft
    2018-06-01 61 days 1,571 sqft
    2018-07-01 71 days 1,593 sqft
    2018-08-01 74 days 1,602 sqft
    2018-09-01 83 days 1,600 sqft
    2018-10-01 83 days 1,583 sqft
    2018-11-01 87 days 1,594 sqft
    2018-12-01 88 days 1,597 sqft
    2019-01-01 89 days 1,580 sqft
    2019-02-01 90 days 1,530 sqft
    2019-03-01 79 days 1,559 sqft
    2019-04-01 60 days 1,600 sqft
    2019-05-01 52 days 1,618 sqft
    2019-06-01 53 days 1,600 sqft
    2019-07-01 66 days 1,629 sqft
    2019-08-01 70 days 1,587 sqft
    2019-09-01 75 days 1,567 sqft
    2019-10-01 77 days 1,553 sqft
    2019-11-01 83 days 1,553 sqft
    2019-12-01 88 days 1,538 sqft
    2020-01-01 81 days 1,495 sqft
    2020-02-01 71 days 1,500 sqft
    2020-03-01 56 days 1,506 sqft
    2020-04-01 66 days 1,574 sqft
    2020-05-01 67 days 1,550 sqft
    2020-06-01 63 days 1,597 sqft
    2020-07-01 45 days 1,639 sqft
    2020-08-01 38 days 1,658 sqft
    2020-09-01 38 days 1,651 sqft
    2020-10-01 49 days 1,789 sqft
    2020-11-01 39 days 1,697 sqft
    2020-12-01 59 days 1,682 sqft
    2021-01-01 61 days 1,624 sqft
    2021-02-01 34 days 1,659 sqft
    2021-03-01 19 days 1,680 sqft
    2021-04-01 19 days 1,631 sqft
    2021-05-01 22 days 1,600 sqft
    2021-06-01 21 days 1,546 sqft
    2021-07-01 30 days 1,515 sqft
    2021-08-01 30 days 1,461 sqft
    2021-09-01 31 days 1,500 sqft
    2021-10-01 31 days 1,540 sqft
    2021-11-01 41 days 1,553 sqft
    2021-12-01 59 days 1,500 sqft
    2022-01-01 73 days 1,540 sqft
    2022-02-01 65 days 1,595 sqft
    2022-03-01 46 days 1,591 sqft
    2022-04-01 43 days 1,600 sqft
    2022-05-01 41 days 1,594 sqft
    2022-06-01 42 days 1,600 sqft
    2022-07-01 43 days 1,533 sqft
    2022-08-01 52 days 1,513 sqft
    2022-09-01 64 days 1,546 sqft
    2022-10-01 66 days 1,513 sqft
    2022-11-01 73 days 1,536 sqft
    2022-12-01 88 days 1,515 sqft
    2023-01-01 98 days 1,507 sqft
    2023-02-01 96 days 1,518 sqft
    2023-03-01 91 days 1,524 sqft
    2023-04-01 72 days 1,500 sqft
    2023-05-01 57 days 1,524 sqft
    2023-06-01 45 days 1,572 sqft
    2023-07-01 52 days 1,600 sqft
    2023-08-01 66 days 1,648 sqft
    2023-09-01 64 days 1,600 sqft
    2023-10-01 68 days 1,600 sqft
    2023-11-01 73 days 1,578 sqft
    Eureka's median listing age (time on market) for 2023-11-01 was 73 days. This is 0% longer than the same period one year ago.

    Eureka's median square footage for active listings during the 2023-11-01 period was 1,578 sqft. One year prior, the average listing was 1,536 sqft.