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 4 lenders originated 11 USDA loans during 2023. The total origination value was $2,485,000, with an average USDA loan value of $225,909.
Redding USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Redding
averaged
6.66%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Redding's average USDA mortgage closing costs are $6,899.
The average rate for the prior week (2024-11-01) was
6.34% and
one month ago for the week of 2024-10-04, the
average rate was 5.96%.
The average rate one year ago was 7.4%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.61%.
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.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| AMERICAN PACIFIC MORTGAGE CORPORATION | 3 | 6.46% | $10,019 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 5.44% | $8,163 |
| NEWREZ LLC | 2 | 6.75% | $10,671 |
| ON Q FINANCIAL, INC. | 1 | 6.38% | $8,475 |
The top Redding USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with
3 USDA loans originated. Their average total fees are
$10,019, which is $1,856
higher than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Redding USDA lenders (with over 10 loans originated) are
.
The lowest rate Redding USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Redding (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 | $321,500 (8.6%) | $403,848 (2.8%) | 1.19 | 601 |
| 2018-02-01 | $329,225 (9.8%) | $401,777 (0.8%) | 1.20 | 625 |
| 2018-03-01 | $329,900 (3.0%) | $408,033 (0.2%) | 1.16 | 670 |
| 2018-04-01 | $329,000 (-0.3%) | $402,410 (-4.4%) | 1.12 | 724 |
| 2018-05-01 | $329,975 (3.5%) | $413,520 (5.1%) | 1.10 | 786 |
| 2018-06-01 | $327,500 (3.2%) | $405,212 (4.1%) | 1.09 | 844 |
| 2018-07-01 | $317,000 (1.2%) | $382,582 (-0.2%) | 1.06 | 871 |
| 2018-08-01 | $312,425 (1.1%) | $383,511 (-0.3%) | 1.05 | 764 |
| 2018-09-01 | $324,650 (1.8%) | $395,132 (0.5%) | 1.09 | 763 |
| 2018-10-01 | $325,125 (1.8%) | $400,445 (2.8%) | 1.10 | 775 |
| 2018-11-01 | $332,200 (4.8%) | $416,371 (5.5%) | 1.13 | 743 |
| 2018-12-01 | $329,450 (3.5%) | $421,437 (5.0%) | 1.14 | 713 |
| 2019-01-01 | $333,350 (3.7%) | $430,589 (6.6%) | 1.15 | 662 |
| 2019-02-01 | $327,000 (-0.7%) | $430,424 (7.1%) | 1.10 | 659 |
| 2019-03-01 | $324,943 (-1.5%) | $431,372 (5.7%) | 1.06 | 650 |
| 2019-04-01 | $327,450 (-0.5%) | $436,114 (8.4%) | 1.04 | 641 |
| 2019-05-01 | $339,950 (3.0%) | $435,776 (5.4%) | 1.06 | 724 |
| 2019-06-01 | $339,900 (3.8%) | $434,063 (7.1%) | 1.06 | 803 |
| 2019-07-01 | $333,575 (5.2%) | $422,672 (10.5%) | 1.04 | 793 |
| 2019-08-01 | $331,636 (6.2%) | $424,062 (10.6%) | 1.05 | 780 |
| 2019-09-01 | $330,716 (1.9%) | $426,752 (8.0%) | 1.06 | 781 |
| 2019-10-01 | $332,852 (2.4%) | $428,546 (7.0%) | 1.07 | 774 |
| 2019-11-01 | $339,000 (2.1%) | $440,275 (5.7%) | 1.11 | 708 |
| 2019-12-01 | $336,950 (2.3%) | $445,673 (5.8%) | 1.12 | 614 |
| 2020-01-01 | $347,850 (4.4%) | $457,451 (6.2%) | 1.16 | 558 |
| 2020-02-01 | $342,450 (4.7%) | $458,946 (6.6%) | 1.12 | 541 |
| 2020-03-01 | $357,225 (9.9%) | $466,025 (8.0%) | 1.12 | 558 |
| 2020-04-01 | $362,900 (10.8%) | $466,691 (7.0%) | 1.14 | 597 |
| 2020-05-01 | $379,900 (11.8%) | $470,186 (7.9%) | 1.15 | 592 |
| 2020-06-01 | $394,450 (16.1%) | $486,358 (12.1%) | 1.16 | 556 |
| 2020-07-01 | $400,575 (20.1%) | $510,485 (20.8%) | 1.16 | 467 |
| 2020-08-01 | $399,000 (20.3%) | $558,104 (31.6%) | 1.14 | 415 |
| 2020-09-01 | $398,450 (20.5%) | $586,929 (37.5%) | 1.14 | 415 |
| 2020-10-01 | $398,750 (19.8%) | $565,627 (32.0%) | 1.14 | 457 |
| 2020-11-01 | $399,000 (17.7%) | $573,846 (30.3%) | 1.17 | 451 |
| 2020-12-01 | $414,500 (23.0%) | $589,681 (32.3%) | 1.23 | 387 |
| 2021-01-01 | $427,000 (22.8%) | $614,662 (34.4%) | 1.27 | 316 |
| 2021-02-01 | $431,000 (25.9%) | $630,215 (37.3%) | 1.25 | 293 |
| 2021-03-01 | $426,500 (19.4%) | $618,482 (32.7%) | 1.21 | 301 |
| 2021-04-01 | $427,475 (17.8%) | $649,269 (39.1%) | 1.16 | 279 |
| 2021-05-01 | $449,900 (18.4%) | $714,972 (52.1%) | 1.20 | 309 |
| 2021-06-01 | $456,225 (15.7%) | $700,595 (44.1%) | 1.20 | 347 |
| 2021-07-01 | $425,000 (6.1%) | $651,532 (27.6%) | 1.12 | 394 |
| 2021-08-01 | $432,000 (8.3%) | $634,507 (13.7%) | 1.15 | 427 |
| 2021-09-01 | $439,450 (10.3%) | $639,153 (8.9%) | 1.17 | 438 |
| 2021-10-01 | $442,750 (11.0%) | $604,308 (6.8%) | 1.18 | 442 |
| 2021-11-01 | $438,500 (9.9%) | $603,113 (5.1%) | 1.17 | 431 |
| 2021-12-01 | $438,500 (5.8%) | $598,196 (1.4%) | 1.19 | 376 |
| 2022-01-01 | $459,900 (7.7%) | $618,810 (0.7%) | 1.24 | 310 |
| 2022-02-01 | $479,950 (11.4%) | $643,092 (2.0%) | 1.25 | 307 |
| 2022-03-01 | $489,000 (14.7%) | $675,283 (9.2%) | 1.22 | 338 |
| 2022-04-01 | $475,000 (11.1%) | $686,254 (5.7%) | 1.13 | 374 |
| 2022-05-01 | $472,200 (5.0%) | $647,622 (-9.4%) | 1.08 | 411 |
| 2022-06-01 | $472,000 (3.5%) | $631,175 (-9.9%) | 1.05 | 450 |
| 2022-07-01 | $430,000 (1.2%) | $593,154 (-9.0%) | 0.97 | 524 |
| 2022-08-01 | $439,000 (1.6%) | $605,928 (-4.5%) | 1.01 | 533 |
| 2022-09-01 | $439,125 (-0.1%) | $611,198 (-4.4%) | 1.03 | 539 |
| 2022-10-01 | $424,900 (-4.0%) | $587,739 (-2.7%) | 1.00 | 538 |
| 2022-11-01 | $413,200 (-5.8%) | $586,823 (-2.7%) | 0.99 | 513 |
| 2022-12-01 | $418,000 (-4.7%) | $595,172 (-0.5%) | 1.03 | 434 |
| 2023-01-01 | $409,200 (-11.0%) | $592,585 (-4.2%) | 1.01 | 395 |
| 2023-02-01 | $425,000 (-11.5%) | $605,604 (-5.8%) | 1.03 | 368 |
| 2023-03-01 | $439,825 (-10.1%) | $615,764 (-8.8%) | 1.04 | 352 |
| 2023-04-01 | $445,000 (-6.3%) | $622,366 (-9.3%) | 1.03 | 350 |
| 2023-05-01 | $446,248 (-5.5%) | $602,037 (-7.0%) | 1.01 | 401 |
| 2023-06-01 | $450,000 (-4.7%) | $652,583 (3.4%) | 1.01 | 435 |
| 2023-07-01 | $455,000 (5.8%) | $622,625 (5.0%) | 1.03 | 484 |
| 2023-08-01 | $457,150 (4.1%) | $649,948 (7.3%) | 1.05 | 511 |
| 2023-09-01 | $448,800 (2.2%) | $642,268 (5.1%) | 1.04 | 508 |
| 2023-10-01 | $431,498 (1.6%) | $632,177 (7.6%) | 1.02 | 491 |
| 2023-11-01 | $429,900 (4.0%) | $634,743 (8.2%) | 1.02 | 462 |
| 2023-12-01 | $437,738 (4.7%) | $648,623 (9.0%) | 1.07 | 414 |
| 2024-01-01 | $432,200 (5.6%) | $666,679 (12.5%) | 1.06 | 365 |
| 2024-02-01 | $439,000 (3.3%) | $681,131 (12.5%) | 1.06 | 346 |
| 2024-03-01 | $449,000 (2.1%) | $694,589 (12.8%) | 1.06 | 344 |
| 2024-04-01 | $441,000 (-0.9%) | $666,956 (7.2%) | 1.03 | 383 |
| 2024-05-01 | $467,450 (4.8%) | $699,761 (16.2%) | 1.06 | 465 |
| 2024-06-01 | $453,000 (0.7%) | $632,840 (-3.0%) | 1.02 | 477 |
| 2024-07-01 | $434,271 (-4.6%) | $626,375 (0.6%) | 0.99 | 516 |
| 2024-08-01 | $427,000 (-6.6%) | $615,706 (-5.3%) | 0.99 | 536 |
| 2024-09-01 | $437,400 (-2.5%) | $629,375 (-2.0%) | 1.03 | 546 |
| 2024-10-01 | $429,900 (-0.4%) | $610,721 (-3.4%) | 1.01 | 577 |
Redding's median listing price comes in at 101% of the national average.
Redding's average listing price for 2024-10-01 was $610,721, a difference of $-21,456 (-3.4%) versus the prior year and $-18,654 versus the prior month.
For the 2024-10-01 period, Redding had 577 MLS listings, a difference of 31 listings (6%) versus the prior month and 86 listings (18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Redding (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 81 days | 1,801 sqft |
| 2018-02-01 | 63 days | 1,802 sqft |
| 2018-03-01 | 52 days | 1,827 sqft |
| 2018-04-01 | 53 days | 1,814 sqft |
| 2018-05-01 | 47 days | 1,830 sqft |
| 2018-06-01 | 51 days | 1,818 sqft |
| 2018-07-01 | 58 days | 1,774 sqft |
| 2018-08-01 | 61 days | 1,754 sqft |
| 2018-09-01 | 60 days | 1,785 sqft |
| 2018-10-01 | 61 days | 1,809 sqft |
| 2018-11-01 | 62 days | 1,830 sqft |
| 2018-12-01 | 72 days | 1,827 sqft |
| 2019-01-01 | 76 days | 1,836 sqft |
| 2019-02-01 | 72 days | 1,841 sqft |
| 2019-03-01 | 61 days | 1,827 sqft |
| 2019-04-01 | 44 days | 1,819 sqft |
| 2019-05-01 | 39 days | 1,844 sqft |
| 2019-06-01 | 45 days | 1,810 sqft |
| 2019-07-01 | 56 days | 1,782 sqft |
| 2019-08-01 | 59 days | 1,792 sqft |
| 2019-09-01 | 59 days | 1,805 sqft |
| 2019-10-01 | 62 days | 1,828 sqft |
| 2019-11-01 | 65 days | 1,840 sqft |
| 2019-12-01 | 79 days | 1,819 sqft |
| 2020-01-01 | 84 days | 1,832 sqft |
| 2020-02-01 | 60 days | 1,819 sqft |
| 2020-03-01 | 46 days | 1,882 sqft |
| 2020-04-01 | 49 days | 1,895 sqft |
| 2020-05-01 | 49 days | 1,924 sqft |
| 2020-06-01 | 52 days | 1,978 sqft |
| 2020-07-01 | 61 days | 1,978 sqft |
| 2020-08-01 | 52 days | 1,908 sqft |
| 2020-09-01 | 38 days | 1,904 sqft |
| 2020-10-01 | 40 days | 1,899 sqft |
| 2020-11-01 | 46 days | 1,897 sqft |
| 2020-12-01 | 61 days | 1,919 sqft |
| 2021-01-01 | 70 days | 1,940 sqft |
| 2021-02-01 | 33 days | 1,901 sqft |
| 2021-03-01 | 30 days | 1,901 sqft |
| 2021-04-01 | 25 days | 1,862 sqft |
| 2021-05-01 | 21 days | 1,906 sqft |
| 2021-06-01 | 28 days | 1,952 sqft |
| 2021-07-01 | 29 days | 1,868 sqft |
| 2021-08-01 | 36 days | 1,865 sqft |
| 2021-09-01 | 42 days | 1,883 sqft |
| 2021-10-01 | 39 days | 1,888 sqft |
| 2021-11-01 | 41 days | 1,854 sqft |
| 2021-12-01 | 48 days | 1,841 sqft |
| 2022-01-01 | 58 days | 1,830 sqft |
| 2022-02-01 | 36 days | 1,839 sqft |
| 2022-03-01 | 28 days | 1,861 sqft |
| 2022-04-01 | 29 days | 1,845 sqft |
| 2022-05-01 | 35 days | 1,828 sqft |
| 2022-06-01 | 35 days | 1,820 sqft |
| 2022-07-01 | 37 days | 1,747 sqft |
| 2022-08-01 | 50 days | 1,761 sqft |
| 2022-09-01 | 50 days | 1,774 sqft |
| 2022-10-01 | 52 days | 1,736 sqft |
| 2022-11-01 | 63 days | 1,736 sqft |
| 2022-12-01 | 72 days | 1,736 sqft |
| 2023-01-01 | 81 days | 1,736 sqft |
| 2023-02-01 | 71 days | 1,736 sqft |
| 2023-03-01 | 60 days | 1,779 sqft |
| 2023-04-01 | 43 days | 1,799 sqft |
| 2023-05-01 | 36 days | 1,753 sqft |
| 2023-06-01 | 40 days | 1,800 sqft |
| 2023-07-01 | 43 days | 1,824 sqft |
| 2023-08-01 | 50 days | 1,856 sqft |
| 2023-09-01 | 51 days | 1,800 sqft |
| 2023-10-01 | 57 days | 1,775 sqft |
| 2023-11-01 | 65 days | 1,780 sqft |
| 2023-12-01 | 74 days | 1,799 sqft |
| 2024-01-01 | 71 days | 1,790 sqft |
| 2024-02-01 | 54 days | 1,781 sqft |
| 2024-03-01 | 46 days | 1,828 sqft |
| 2024-04-01 | 32 days | 1,802 sqft |
| 2024-05-01 | 35 days | 1,840 sqft |
| 2024-06-01 | 45 days | 1,826 sqft |
| 2024-07-01 | 56 days | 1,762 sqft |
| 2024-08-01 | 55 days | 1,760 sqft |
| 2024-09-01 | 58 days | 1,793 sqft |
| 2024-10-01 | 58 days | 1,763 sqft |
Redding's median square footage for active listings during the 2024-10-01 period was 1,763 sqft. One year prior, the average listing was 1,775 sqft.