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 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 6.93% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.78% and one month ago for the week of 2024-03-15, the average rate was 6.66%.

    The average rate one year ago was 6.3%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

    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
    Eureka's median listing price for 2024-03-01 was $475,000, a difference of $-5,975 (-1.2%) versus the prior year and $12,775 versus the prior month.

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

    Eureka's average listing price for 2024-03-01 was $553,601, a difference of $-83,835 (-13.2%) versus the prior year and $4,629 versus the prior month.

    For the 2024-03-01 period, Eureka had 310 MLS listings, a difference of 15 listings (5%) versus the prior month and 56 listings (22%) 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
    Eureka's median listing age (time on market) for 2024-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Eureka's median square footage for active listings during the 2024-03-01 period was 1,500 sqft. One year prior, the average listing was 1,524 sqft.