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%.
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. LouisDate | 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 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. LouisDate | 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 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.