Redding USDA Loans
REDDING, 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.
Redding's 26 lenders originated 102 USDA loans during 2021. The total origination value was $26,010,000, with an average USDA loan value of $255,000.
Redding USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Redding
averaged
5.38%
for the week of 2022-05-20, compared to the national average (all USDA variants) of
5.315% for the same period.
The average rate for the prior week (2022-05-13) was
5.36% and
one month ago for the week of 2022-04-15, the
average rate was 4.86%.
The average rate one year ago was 3.41%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5.04%.
Redding USDA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Redding level.
The top Redding USDA lender as defined by loan originations is CELEBRITY HOME LOANS, LLC, with
17 USDA loans originated. Their average total fees are
$7,646, which is $483
higher than the next largest lender,
AMERICAN PACIFIC MORTGAGE CORPORATION.
The lowest fee Redding USDA lenders (with over 10 loans originated) are
AMERICAN PACIFIC MORTGAGE CORPORATION ($7,162), CELEBRITY HOME LOANS, LLC ($7,646), Flagstar Bank, FSB ($7,873), PRIMELENDING, A PLAINSCAPITAL COMPANY ($7,982) and .
The lowest rate Redding USDA lenders (with over 10 loans originated) are
AMERICAN PACIFIC MORTGAGE CORPORATION (2.86%), CELEBRITY HOME LOANS, LLC (2.87%), Flagstar Bank, FSB (2.88%), PRIMELENDING, A PLAINSCAPITAL COMPANY (3.10%) and .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Redding (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 | $324,200 (8.3%) | $414,792 (-0.2%) | 1.19 | 607 |
2018-02-01 | $329,500 (8.1%) | $419,111 (-0.6%) | 1.19 | 632 |
2018-03-01 | $329,500 (1.1%) | $426,296 (0.9%) | 1.14 | 680 |
2018-04-01 | $329,000 (-1.8%) | $415,445 (-3.9%) | 1.10 | 737 |
2018-05-01 | $331,000 (3.5%) | $425,178 (5.1%) | 1.10 | 815 |
2018-06-01 | $328,800 (3.1%) | $421,916 (6.7%) | 1.10 | 862 |
2018-07-01 | $319,900 (0.6%) | $402,262 (1.1%) | 1.07 | 890 |
2018-08-01 | $321,950 (2.4%) | $403,845 (1.7%) | 1.08 | 787 |
2018-09-01 | $325,000 (1.9%) | $407,154 (2.0%) | 1.09 | 788 |
2018-10-01 | $327,000 (1.5%) | $408,964 (1.8%) | 1.09 | 792 |
2018-11-01 | $332,450 (3.5%) | $424,820 (5.0%) | 1.11 | 752 |
2018-12-01 | $329,900 (3.1%) | $427,217 (3.5%) | 1.13 | 718 |
2019-01-01 | $334,500 (3.2%) | $435,373 (5.0%) | 1.15 | 670 |
2019-02-01 | $326,950 (-0.8%) | $444,591 (6.1%) | 1.10 | 663 |
2019-03-01 | $326,871 (-0.8%) | $447,827 (5.1%) | 1.07 | 646 |
2019-04-01 | $329,700 (0.2%) | $454,751 (9.5%) | 1.04 | 628 |
2019-05-01 | $342,450 (3.5%) | $447,827 (5.3%) | 1.06 | 715 |
2019-06-01 | $340,000 (3.4%) | $437,125 (3.6%) | 1.05 | 803 |
2019-07-01 | $339,450 (6.1%) | $434,610 (8.0%) | 1.05 | 795 |
2019-08-01 | $339,000 (5.3%) | $435,057 (7.7%) | 1.07 | 776 |
2019-09-01 | $338,500 (4.2%) | $437,096 (7.4%) | 1.07 | 770 |
2019-10-01 | $335,900 (2.7%) | $436,754 (6.8%) | 1.07 | 772 |
2019-11-01 | $342,800 (3.1%) | $447,102 (5.2%) | 1.11 | 713 |
2019-12-01 | $342,000 (3.7%) | $457,078 (7.0%) | 1.14 | 624 |
2020-01-01 | $347,950 (4.0%) | $465,805 (7.0%) | 1.16 | 569 |
2020-02-01 | $344,900 (5.5%) | $464,577 (4.5%) | 1.11 | 551 |
2020-03-01 | $359,500 (10.0%) | $466,042 (4.1%) | 1.12 | 566 |
2020-04-01 | $365,000 (10.7%) | $464,689 (2.2%) | 1.14 | 607 |
2020-05-01 | $380,000 (11.0%) | $472,832 (5.6%) | 1.15 | 588 |
2020-06-01 | $399,900 (17.6%) | $488,898 (11.8%) | 1.17 | 550 |
2020-07-01 | $405,700 (19.5%) | $512,159 (17.8%) | 1.16 | 469 |
2020-08-01 | $399,900 (18.0%) | $543,539 (24.9%) | 1.14 | 414 |
2020-09-01 | $399,450 (18.0%) | $573,666 (31.2%) | 1.14 | 406 |
2020-10-01 | $399,900 (19.1%) | $566,916 (29.8%) | 1.14 | 456 |
2020-11-01 | $412,950 (20.5%) | $571,205 (27.8%) | 1.18 | 449 |
2020-12-01 | $429,950 (25.7%) | $599,988 (31.3%) | 1.26 | 387 |
2021-01-01 | $433,000 (24.4%) | $621,976 (33.5%) | 1.27 | 325 |
2021-02-01 | $432,900 (25.5%) | $626,867 (34.9%) | 1.24 | 301 |
2021-03-01 | $433,000 (20.5%) | $620,501 (33.1%) | 1.21 | 298 |
2021-04-01 | $437,000 (19.7%) | $650,060 (39.9%) | 1.17 | 274 |
2021-05-01 | $449,900 (18.4%) | $713,583 (50.9%) | 1.18 | 310 |
2021-06-01 | $456,000 (14.0%) | $686,113 (40.3%) | 1.18 | 351 |
2021-07-01 | $433,900 (7.0%) | $621,382 (21.3%) | 1.13 | 398 |
2021-08-01 | $437,000 (9.3%) | $615,413 (13.2%) | 1.15 | 438 |
2021-09-01 | $438,000 (9.7%) | $616,596 (7.5%) | 1.15 | 448 |
2021-10-01 | $439,900 (10.0%) | $586,101 (3.4%) | 1.16 | 455 |
2021-11-01 | $436,950 (5.8%) | $581,198 (1.8%) | 1.15 | 441 |
2021-12-01 | $434,450 (1.1%) | $586,273 (-2.3%) | 1.16 | 386 |
2022-01-01 | $445,000 (2.8%) | $606,564 (-2.5%) | 1.19 | 304 |
2022-02-01 | $472,000 (9.0%) | $589,831 (-5.9%) | 1.20 | 303 |
2022-03-01 | $494,950 (14.3%) | $597,521 (-3.7%) | 1.22 | 338 |
2022-04-01 | $479,000 (9.6%) | $620,834 (-4.5%) | 1.13 | 389 |
Redding's median listing price comes in at 113% of the national average.
Redding's average listing price for 2022-04-01 was $620,834, a difference of $-29,226 (-4.5%) versus the prior year and $23,313 versus the prior month.
For the 2022-04-01 period, Redding had 389 MLS listings, a difference of 51 listings (15%) versus the prior month and 115 listings (42%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Redding (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 84 days | 1,790 sqft |
2018-02-01 | 68 days | 1,786 sqft |
2018-03-01 | 54 days | 1,808 sqft |
2018-04-01 | 54 days | 1,800 sqft |
2018-05-01 | 48 days | 1,815 sqft |
2018-06-01 | 52 days | 1,800 sqft |
2018-07-01 | 61 days | 1,766 sqft |
2018-08-01 | 64 days | 1,751 sqft |
2018-09-01 | 65 days | 1,780 sqft |
2018-10-01 | 66 days | 1,817 sqft |
2018-11-01 | 68 days | 1,843 sqft |
2018-12-01 | 74 days | 1,826 sqft |
2019-01-01 | 81 days | 1,832 sqft |
2019-02-01 | 79 days | 1,826 sqft |
2019-03-01 | 70 days | 1,818 sqft |
2019-04-01 | 50 days | 1,820 sqft |
2019-05-01 | 41 days | 1,847 sqft |
2019-06-01 | 49 days | 1,805 sqft |
2019-07-01 | 58 days | 1,802 sqft |
2019-08-01 | 67 days | 1,820 sqft |
2019-09-01 | 64 days | 1,842 sqft |
2019-10-01 | 65 days | 1,843 sqft |
2019-11-01 | 70 days | 1,849 sqft |
2019-12-01 | 83 days | 1,844 sqft |
2020-01-01 | 85 days | 1,842 sqft |
2020-02-01 | 64 days | 1,823 sqft |
2020-03-01 | 47 days | 1,891 sqft |
2020-04-01 | 51 days | 1,899 sqft |
2020-05-01 | 53 days | 1,914 sqft |
2020-06-01 | 54 days | 1,967 sqft |
2020-07-01 | 65 days | 1,971 sqft |
2020-08-01 | 60 days | 1,908 sqft |
2020-09-01 | 44 days | 1,900 sqft |
2020-10-01 | 42 days | 1,904 sqft |
2020-11-01 | 47 days | 1,908 sqft |
2020-12-01 | 62 days | 1,929 sqft |
2021-01-01 | 77 days | 1,950 sqft |
2021-02-01 | 45 days | 1,900 sqft |
2021-03-01 | 36 days | 1,944 sqft |
2021-04-01 | 29 days | 1,898 sqft |
2021-05-01 | 23 days | 1,961 sqft |
2021-06-01 | 30 days | 1,991 sqft |
2021-07-01 | 30 days | 1,894 sqft |
2021-08-01 | 38 days | 1,893 sqft |
2021-09-01 | 46 days | 1,901 sqft |
2021-10-01 | 45 days | 1,904 sqft |
2021-11-01 | 46 days | 1,860 sqft |
2021-12-01 | 51 days | 1,858 sqft |
2022-01-01 | 65 days | 1,848 sqft |
2022-02-01 | 54 days | 1,838 sqft |
2022-03-01 | 31 days | 1,887 sqft |
2022-04-01 | 29 days | 1,863 sqft |
Redding's median square footage for active listings during the 2022-04-01 period was 1,863 sqft. One year prior, the average listing was 1,898 sqft.