Eureka USDA Loan Rates, Closing Costs & Stats

Eureka-Arcata, 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.

Eureka's 2 lenders originated 2 USDA loans during 2023. The total origination value was $550,000, with an average USDA loan value of $275,000.

Eureka USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Eureka averaged 6.35% for the week of 2024-10-11, compared to the national average (all USDA variants) of 6.08% for the same period.

Eureka's average USDA mortgage closing costs are $7,692.

The average rate for the prior week (2024-10-04) was 5.84% and one month ago for the week of 2024-09-06, the average rate was 6.03%.

The average rate one year ago was 7.52%.

For refis of the same type during the week of 2024-10-11, the average rate was 5.88%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
American Mortgage & Equity Consultants, Inc. 1 6.49% $10,400
UNITED WHOLESALE MORTGAGE, LLC 1 6.00% $11,147

The top Eureka USDA lender as defined by loan originations is American Mortgage & Equity Consultants, Inc., with 1 USDA loans originated. Their average total fees are $10,400, which is $747 lower than the next largest lender, UNITED WHOLESALE 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%) $634,768 (6.5%) 1.58 339
2018-02-01 $425,000 (13.0%) $627,785 (-7.4%) 1.54 357
2018-03-01 $425,000 (7.9%) $613,023 (-0.8%) 1.49 378
2018-04-01 $425,000 (11.2%) $590,277 (-6.7%) 1.44 386
2018-05-01 $423,000 (6.0%) $556,441 (-23.0%) 1.41 438
2018-06-01 $399,000 (-2.2%) $555,077 (-18.3%) 1.33 491
2018-07-01 $395,000 (-1.2%) $548,786 (-12.1%) 1.32 491
2018-08-01 $395,000 (1.0%) $545,156 (-3.1%) 1.32 510
2018-09-01 $395,000 (1.4%) $541,457 (-6.1%) 1.31 508
2018-10-01 $377,450 (-5.3%) $531,052 (-8.8%) 1.28 493
2018-11-01 $384,500 (-3.6%) $532,036 (-7.3%) 1.30 474
2018-12-01 $379,000 (-5.0%) $531,313 (-11.5%) 1.31 428
2019-01-01 $376,625 (-11.4%) $526,483 (-17.1%) 1.30 375
2019-02-01 $369,000 (-13.2%) $514,051 (-18.1%) 1.25 380
2019-03-01 $376,607 (-11.4%) $528,396 (-13.8%) 1.23 377
2019-04-01 $386,750 (-9.0%) $544,027 (-7.8%) 1.22 381
2019-05-01 $397,000 (-6.2%) $548,403 (-1.4%) 1.24 399
2019-06-01 $395,000 (-1.0%) $542,476 (-2.3%) 1.23 432
2019-07-01 $389,700 (-1.3%) $542,961 (-1.1%) 1.22 444
2019-08-01 $384,145 (-2.8%) $539,691 (-1.0%) 1.22 440
2019-09-01 $376,189 (-4.8%) $528,673 (-2.4%) 1.20 420
2019-10-01 $370,000 (-2.0%) $515,897 (-2.9%) 1.19 400
2019-11-01 $368,932 (-4.1%) $503,729 (-5.3%) 1.21 364
2019-12-01 $361,000 (-4.8%) $504,468 (-5.1%) 1.20 323
2020-01-01 $354,500 (-5.9%) $486,348 (-7.6%) 1.18 286
2020-02-01 $350,000 (-5.2%) $507,420 (-1.3%) 1.15 265
2020-03-01 $352,500 (-6.4%) $499,384 (-5.5%) 1.11 274
2020-04-01 $359,000 (-7.2%) $494,779 (-9.1%) 1.13 271
2020-05-01 $355,000 (-10.6%) $485,170 (-11.5%) 1.09 270
2020-06-01 $377,500 (-4.4%) $580,613 (7.0%) 1.11 236
2020-07-01 $379,000 (-2.8%) $621,895 (14.5%) 1.10 218
2020-08-01 $399,000 (3.9%) $640,566 (18.7%) 1.14 211
2020-09-01 $399,125 (6.1%) $657,909 (24.5%) 1.14 189
2020-10-01 $425,000 (14.9%) $682,253 (32.3%) 1.22 163
2020-11-01 $420,750 (14.1%) $690,119 (37.0%) 1.23 172
2020-12-01 $427,000 (18.3%) $685,028 (35.8%) 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 (52.0%) 1.25 103
2021-03-01 $427,450 (21.3%) $732,215 (46.6%) 1.21 110
2021-04-01 $444,475 (23.8%) $704,625 (42.4%) 1.20 124
2021-05-01 $429,900 (21.1%) $674,760 (39.1%) 1.14 133
2021-06-01 $434,100 (15.0%) $710,684 (22.4%) 1.14 149
2021-07-01 $449,000 (18.5%) $725,572 (16.7%) 1.18 158
2021-08-01 $449,750 (12.7%) $724,320 (13.1%) 1.20 175
2021-09-01 $470,475 (17.9%) $753,658 (14.6%) 1.25 165
2021-10-01 $493,000 (16.0%) $776,367 (13.8%) 1.31 168
2021-11-01 $519,500 (23.5%) $819,265 (18.7%) 1.39 169
2021-12-01 $499,000 (16.9%) $775,383 (13.2%) 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 $539,375 (25.5%) $789,481 (17.0%) 1.23 234
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 (-17.1%) 1.13 274
2023-06-01 $489,450 (-8.1%) $621,925 (-17.7%) 1.10 321
2023-07-01 $489,000 (-2.0%) $619,618 (-8.8%) 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
2023-12-01 $460,000 (-5.9%) $569,235 (-11.3%) 0.00 327
2024-01-01 $441,012 (-7.7%) $549,597 (-12.5%) 0.00 306
2024-02-01 $462,225 (-1.4%) $548,972 (-11.0%) 0.00 295
2024-03-01 $475,000 (-1.2%) $553,601 (-13.2%) 0.00 310
2024-04-01 $470,000 (-5.8%) $561,945 (-12.8%) 0.00 331
2024-05-01 $494,100 (-1.1%) $573,929 (-12.3%) 0.00 375
2024-06-01 $499,000 (2.0%) $591,753 (-4.9%) 0.00 417
2024-07-01 $498,500 (1.9%) $584,783 (-5.6%) 0.00 458
2024-08-01 $492,500 (0.0%) $579,405 (-7.3%) 0.00 453
2024-09-01 $489,000 (3.0%) $570,499 (-8.3%) 0.00 453
Eureka's median listing price for 2024-09-01 was $489,000, a difference of $14,000 (3.0%) versus the prior year and $-3,500 versus the prior month.

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

Eureka's average listing price for 2024-09-01 was $570,499, a difference of $-51,828 (-8.3%) versus the prior year and $-8,906 versus the prior month.

For the 2024-09-01 period, Eureka had 453 MLS listings, a difference of 0 listings (0%) versus the prior month and 92 listings (25%) 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 1,554 sqft
2018-02-01 77 days 1,554 sqft
2018-03-01 69 days 1,559 sqft
2018-04-01 68 days 1,585 sqft
2018-05-01 59 days 1,573 sqft
2018-06-01 61 days 1,579 sqft
2018-07-01 71 days 1,600 sqft
2018-08-01 74 days 1,607 sqft
2018-09-01 83 days 1,604 sqft
2018-10-01 83 days 1,590 sqft
2018-11-01 87 days 1,597 sqft
2018-12-01 88 days 1,598 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 1,630 sqft
2019-08-01 70 days 1,590 sqft
2019-09-01 75 days 1,569 sqft
2019-10-01 77 days 1,554 sqft
2019-11-01 83 days 1,554 sqft
2019-12-01 88 days 1,540 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 1,568 sqft
2020-05-01 67 days 1,550 sqft
2020-06-01 63 days 1,593 sqft
2020-07-01 45 days 1,632 sqft
2020-08-01 38 days 1,652 sqft
2020-09-01 38 days 1,649 sqft
2020-10-01 49 days 1,782 sqft
2020-11-01 39 days 1,690 sqft
2020-12-01 59 days 1,680 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 1,593 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 1,568 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
2023-12-01 0 days 1,547 sqft
2024-01-01 0 days 1,500 sqft
2024-02-01 0 days 1,506 sqft
2024-03-01 0 days 1,500 sqft
2024-04-01 0 days 1,500 sqft
2024-05-01 0 days 1,542 sqft
2024-06-01 0 days 1,539 sqft
2024-07-01 0 days 1,517 sqft
2024-08-01 0 days 1,516 sqft
2024-09-01 0 days 1,562 sqft
Eureka's median listing age (time on market) for 2024-09-01 was 0 days. This is -100% shorter than the same period one year ago.

Eureka's median square footage for active listings during the 2024-09-01 period was 1,562 sqft. One year prior, the average listing was 1,600 sqft.