Redding USDA Loan Rates, Closing Costs & Stats
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
6.46%
for the week of 2023-01-27, compared to the national average (all USDA variants) of
6.195% for the same period.
Redding's average USDA mortgage closing costs are $6,638.
The average rate for the prior week (2023-01-20) was
6.35% and
one month ago for the week of 2022-12-23, the
average rate was 6.28%.
The average rate one year ago was 3.83%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6.22%.
Redding 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 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 | $323,038 (8.2%) | $405,505 (3.1%) | 1.20 | 604 |
2018-02-01 | $329,800 (9.5%) | $403,334 (0.9%) | 1.20 | 628 |
2018-03-01 | $329,950 (2.6%) | $408,723 (0.1%) | 1.16 | 674 |
2018-04-01 | $329,250 (-1.7%) | $403,089 (-4.5%) | 1.12 | 727 |
2018-05-01 | $333,250 (4.2%) | $414,391 (5.0%) | 1.11 | 791 |
2018-06-01 | $328,400 (3.0%) | $406,113 (4.1%) | 1.10 | 846 |
2018-07-01 | $318,900 (1.4%) | $383,518 (-0.3%) | 1.06 | 873 |
2018-08-01 | $312,450 (0.2%) | $384,275 (-0.4%) | 1.05 | 766 |
2018-09-01 | $324,900 (1.9%) | $395,820 (0.4%) | 1.09 | 766 |
2018-10-01 | $327,000 (2.3%) | $401,544 (2.7%) | 1.10 | 777 |
2018-11-01 | $332,450 (4.6%) | $416,840 (5.4%) | 1.13 | 742 |
2018-12-01 | $329,900 (3.4%) | $421,940 (4.9%) | 1.14 | 713 |
2019-01-01 | $334,825 (3.7%) | $431,118 (6.3%) | 1.16 | 662 |
2019-02-01 | $327,000 (-0.9%) | $430,949 (6.9%) | 1.10 | 659 |
2019-03-01 | $324,943 (-1.5%) | $431,552 (5.6%) | 1.06 | 651 |
2019-04-01 | $327,350 (-0.6%) | $435,892 (8.1%) | 1.04 | 643 |
2019-05-01 | $339,950 (2.0%) | $435,488 (5.1%) | 1.06 | 728 |
2019-06-01 | $339,950 (3.5%) | $433,803 (6.8%) | 1.06 | 805 |
2019-07-01 | $333,700 (4.6%) | $422,443 (10.2%) | 1.04 | 795 |
2019-08-01 | $331,818 (6.2%) | $423,882 (10.3%) | 1.05 | 782 |
2019-09-01 | $330,795 (1.8%) | $426,651 (7.8%) | 1.06 | 782 |
2019-10-01 | $333,064 (1.9%) | $428,497 (6.7%) | 1.07 | 775 |
2019-11-01 | $339,000 (2.0%) | $439,958 (5.6%) | 1.11 | 710 |
2019-12-01 | $336,950 (2.1%) | $445,282 (5.5%) | 1.12 | 616 |
2020-01-01 | $347,850 (3.9%) | $456,983 (6.0%) | 1.16 | 560 |
2020-02-01 | $342,450 (4.7%) | $458,468 (6.4%) | 1.12 | 543 |
2020-03-01 | $357,225 (9.9%) | $465,731 (7.9%) | 1.12 | 559 |
2020-04-01 | $363,700 (11.1%) | $466,581 (7.0%) | 1.14 | 598 |
2020-05-01 | $382,450 (12.5%) | $470,074 (7.9%) | 1.16 | 593 |
2020-06-01 | $395,725 (16.4%) | $486,212 (12.1%) | 1.16 | 557 |
2020-07-01 | $399,950 (19.9%) | $510,273 (20.8%) | 1.16 | 468 |
2020-08-01 | $399,000 (20.3%) | $557,782 (31.6%) | 1.14 | 416 |
2020-09-01 | $398,000 (20.3%) | $586,528 (37.5%) | 1.14 | 417 |
2020-10-01 | $398,750 (19.7%) | $564,992 (31.9%) | 1.14 | 459 |
2020-11-01 | $399,000 (17.7%) | $577,863 (31.3%) | 1.17 | 454 |
2020-12-01 | $414,225 (22.9%) | $593,938 (33.4%) | 1.23 | 390 |
2021-01-01 | $429,000 (23.3%) | $619,754 (35.6%) | 1.28 | 319 |
2021-02-01 | $431,000 (25.9%) | $636,852 (38.9%) | 1.25 | 296 |
2021-03-01 | $427,750 (19.7%) | $625,232 (34.3%) | 1.21 | 304 |
2021-04-01 | $427,700 (17.6%) | $656,085 (40.6%) | 1.16 | 281 |
2021-05-01 | $449,900 (17.6%) | $714,561 (52.0%) | 1.19 | 311 |
2021-06-01 | $456,225 (15.3%) | $700,284 (44.0%) | 1.20 | 348 |
2021-07-01 | $425,000 (6.3%) | $651,471 (27.7%) | 1.12 | 396 |
2021-08-01 | $430,650 (7.9%) | $634,018 (13.7%) | 1.15 | 428 |
2021-09-01 | $439,450 (10.4%) | $639,235 (9.0%) | 1.17 | 439 |
2021-10-01 | $442,750 (11.0%) | $606,159 (7.3%) | 1.18 | 444 |
2021-11-01 | $437,500 (9.7%) | $602,691 (4.3%) | 1.17 | 435 |
2021-12-01 | $436,500 (5.4%) | $597,761 (0.6%) | 1.18 | 380 |
2022-01-01 | $459,900 (7.2%) | $618,046 (-0.3%) | 1.24 | 314 |
2022-02-01 | $475,725 (10.4%) | $641,660 (0.8%) | 1.24 | 311 |
2022-03-01 | $487,500 (14.0%) | $673,156 (7.7%) | 1.22 | 343 |
2022-04-01 | $474,700 (11.0%) | $683,362 (4.2%) | 1.13 | 380 |
2022-05-01 | $469,125 (4.3%) | $645,348 (-9.7%) | 1.07 | 417 |
2022-06-01 | $471,750 (3.4%) | $628,655 (-10.2%) | 1.05 | 455 |
2022-07-01 | $430,000 (1.2%) | $592,476 (-9.1%) | 0.97 | 528 |
2022-08-01 | $439,000 (1.9%) | $605,141 (-4.6%) | 1.01 | 537 |
2022-09-01 | $438,225 (-0.3%) | $610,443 (-4.5%) | 1.03 | 543 |
2022-10-01 | $424,900 (-4.0%) | $587,545 (-3.1%) | 1.00 | 542 |
2022-11-01 | $413,200 (-5.6%) | $585,495 (-2.9%) | 0.99 | 516 |
2022-12-01 | $416,500 (-4.6%) | $592,819 (-0.8%) | 1.04 | 439 |
Redding's median listing price comes in at 104% of the national average.
Redding's average listing price for 2022-12-01 was $592,819, a difference of $-4,942 (-0.8%) versus the prior year and $7,324 versus the prior month.
For the 2022-12-01 period, Redding had 439 MLS listings, a difference of -77 listings (-15%) versus the prior month and 59 listings (16%) 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 | 85 days | 1,802 sqft |
2018-02-01 | 68 days | 1,803 sqft |
2018-03-01 | 55 days | 1,828 sqft |
2018-04-01 | 56 days | 1,814 sqft |
2018-05-01 | 49 days | 1,834 sqft |
2018-06-01 | 52 days | 1,822 sqft |
2018-07-01 | 61 days | 1,777 sqft |
2018-08-01 | 65 days | 1,756 sqft |
2018-09-01 | 64 days | 1,792 sqft |
2018-10-01 | 65 days | 1,811 sqft |
2018-11-01 | 66 days | 1,831 sqft |
2018-12-01 | 74 days | 1,828 sqft |
2019-01-01 | 81 days | 1,838 sqft |
2019-02-01 | 77 days | 1,843 sqft |
2019-03-01 | 67 days | 1,828 sqft |
2019-04-01 | 48 days | 1,820 sqft |
2019-05-01 | 42 days | 1,848 sqft |
2019-06-01 | 47 days | 1,812 sqft |
2019-07-01 | 58 days | 1,783 sqft |
2019-08-01 | 62 days | 1,794 sqft |
2019-09-01 | 62 days | 1,808 sqft |
2019-10-01 | 65 days | 1,830 sqft |
2019-11-01 | 69 days | 1,840 sqft |
2019-12-01 | 84 days | 1,819 sqft |
2020-01-01 | 87 days | 1,832 sqft |
2020-02-01 | 64 days | 1,820 sqft |
2020-03-01 | 48 days | 1,882 sqft |
2020-04-01 | 51 days | 1,896 sqft |
2020-05-01 | 52 days | 1,928 sqft |
2020-06-01 | 53 days | 1,979 sqft |
2020-07-01 | 64 days | 1,978 sqft |
2020-08-01 | 57 days | 1,908 sqft |
2020-09-01 | 40 days | 1,903 sqft |
2020-10-01 | 42 days | 1,898 sqft |
2020-11-01 | 47 days | 1,893 sqft |
2020-12-01 | 63 days | 1,908 sqft |
2021-01-01 | 73 days | 1,923 sqft |
2021-02-01 | 42 days | 1,900 sqft |
2021-03-01 | 32 days | 1,899 sqft |
2021-04-01 | 29 days | 1,856 sqft |
2021-05-01 | 22 days | 1,906 sqft |
2021-06-01 | 30 days | 1,955 sqft |
2021-07-01 | 29 days | 1,868 sqft |
2021-08-01 | 38 days | 1,865 sqft |
2021-09-01 | 43 days | 1,882 sqft |
2021-10-01 | 43 days | 1,879 sqft |
2021-11-01 | 42 days | 1,850 sqft |
2021-12-01 | 50 days | 1,839 sqft |
2022-01-01 | 62 days | 1,830 sqft |
2022-02-01 | 42 days | 1,835 sqft |
2022-03-01 | 30 days | 1,849 sqft |
2022-04-01 | 30 days | 1,837 sqft |
2022-05-01 | 36 days | 1,817 sqft |
2022-06-01 | 36 days | 1,816 sqft |
2022-07-01 | 39 days | 1,747 sqft |
2022-08-01 | 51 days | 1,761 sqft |
2022-09-01 | 51 days | 1,772 sqft |
2022-10-01 | 53 days | 1,736 sqft |
2022-11-01 | 63 days | 1,736 sqft |
2022-12-01 | 74 days | 1,736 sqft |
Redding's median square footage for active listings during the 2022-12-01 period was 1,736 sqft. One year prior, the average listing was 1,839 sqft.