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 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.