Santa Cruz USDA Loan Rates, Closing Costs & Stats

SANTA CRUZ-WATSONVILLE, 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.

    Santa Cruz USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Santa Cruz averaged 6.29% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Santa Cruz's average USDA mortgage closing costs are $12,831.

    The average rate for the prior week (2025-02-07) was 6.34% and one month ago for the week of 2025-01-10, the average rate was 6.69%.

    The average rate one year ago was 6.68%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.52%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Santa Cruz 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 Santa Cruz level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs

    The lowest fee Santa Cruz USDA lenders (with over 10 loans originated) are .

    The lowest rate Santa Cruz USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Santa Cruz (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 $899,472 (5.9%) $1,396,805 (9.7%) 3.33 220
    2018-02-01 $899,250 (5.9%) $1,382,567 (7.2%) 3.26 246
    2018-03-01 $976,500 (10.1%) $1,367,781 (3.6%) 3.43 286
    2018-04-01 $950,000 (5.6%) $1,441,990 (7.9%) 3.23 337
    2018-05-01 $939,000 (4.5%) $1,412,309 (8.1%) 3.14 379
    2018-06-01 $971,000 (5.7%) $1,416,724 (9.1%) 3.25 421
    2018-07-01 $962,500 (4.1%) $1,371,001 (6.0%) 3.22 474
    2018-08-01 $929,006 (3.2%) $1,309,226 (4.1%) 3.12 525
    2018-09-01 $925,000 (2.8%) $1,290,292 (3.2%) 3.11 560
    2018-10-01 $897,000 (-0.2%) $1,281,559 (3.8%) 3.04 561
    2018-11-01 $899,500 (0.1%) $1,300,835 (-0.4%) 3.05 536
    2018-12-01 $895,000 (-0.4%) $1,307,537 (-0.2%) 3.09 428
    2019-01-01 $896,500 (-0.3%) $1,329,675 (-4.8%) 3.10 321
    2019-02-01 $899,000 (0.0%) $1,306,642 (-5.5%) 3.04 303
    2019-03-01 $940,121 (-3.7%) $1,342,249 (-1.9%) 3.07 350
    2019-04-01 $986,821 (3.9%) $1,341,204 (-7.0%) 3.13 410
    2019-05-01 $999,125 (6.4%) $1,336,669 (-5.4%) 3.12 469
    2019-06-01 $996,500 (2.6%) $1,372,995 (-3.1%) 3.11 514
    2019-07-01 $957,125 (-0.6%) $1,333,530 (-2.7%) 3.00 583
    2019-08-01 $960,818 (3.4%) $1,337,063 (2.1%) 3.04 580
    2019-09-01 $954,170 (3.2%) $1,341,141 (3.9%) 3.05 568
    2019-10-01 $949,000 (5.8%) $1,343,860 (4.9%) 3.06 553
    2019-11-01 $949,250 (5.5%) $1,363,268 (4.8%) 3.11 465
    2019-12-01 $899,250 (0.5%) $1,390,006 (6.3%) 3.00 305
    2020-01-01 $899,500 (0.3%) $1,383,186 (4.0%) 3.01 238
    2020-02-01 $925,000 (2.9%) $1,361,002 (4.2%) 3.03 262
    2020-03-01 $949,000 (0.9%) $1,337,346 (-0.4%) 2.97 325
    2020-04-01 $948,500 (-3.9%) $1,315,874 (-1.9%) 2.98 356
    2020-05-01 $959,500 (-4.0%) $1,356,750 (1.5%) 2.92 388
    2020-06-01 $1,018,250 (2.2%) $1,496,095 (9.0%) 3.02 377
    2020-07-01 $1,094,000 (14.3%) $1,518,079 (13.8%) 3.18 351
    2020-08-01 $1,100,000 (14.5%) $1,617,445 (21.0%) 3.15 311
    2020-09-01 $1,088,250 (14.1%) $1,558,731 (16.2%) 3.13 273
    2020-10-01 $1,072,500 (13.0%) $1,556,863 (15.9%) 3.08 270
    2020-11-01 $1,042,222 (9.8%) $1,469,102 (7.8%) 3.05 255
    2020-12-01 $972,919 (8.2%) $1,403,710 (1.0%) 2.89 217
    2021-01-01 $950,000 (5.6%) $1,390,225 (0.5%) 2.84 167
    2021-02-01 $944,500 (2.1%) $1,435,531 (5.5%) 2.75 149
    2021-03-01 $1,074,750 (13.3%) $1,501,887 (12.3%) 3.05 159
    2021-04-01 $1,134,250 (19.6%) $1,632,051 (24.0%) 3.07 185
    2021-05-01 $1,199,500 (25.0%) $1,698,025 (25.2%) 3.19 206
    2021-06-01 $1,231,000 (20.9%) $1,695,900 (13.4%) 3.25 215
    2021-07-01 $1,200,000 (9.7%) $1,647,008 (8.5%) 3.17 234
    2021-08-01 $1,172,250 (6.6%) $1,548,492 (-4.3%) 3.13 243
    2021-09-01 $1,200,000 (10.3%) $1,586,279 (1.8%) 3.20 221
    2021-10-01 $1,250,000 (16.6%) $1,669,649 (7.2%) 3.33 187
    2021-11-01 $1,348,250 (29.4%) $1,698,584 (15.6%) 3.61 151
    2021-12-01 $1,283,750 (32.0%) $1,587,594 (13.1%) 3.51 101
    2022-01-01 $1,200,000 (26.3%) $1,498,415 (7.8%) 3.31 83
    2022-02-01 $1,249,500 (32.3%) $1,498,586 (4.4%) 3.32 106
    2022-03-01 $1,297,750 (20.8%) $1,587,953 (5.7%) 3.25 136
    2022-04-01 $1,299,000 (14.5%) $1,634,705 (0.2%) 3.10 156
    2022-05-01 $1,397,500 (16.5%) $1,724,447 (1.6%) 3.20 234
    2022-06-01 $1,363,500 (10.8%) $1,722,783 (1.6%) 3.05 269
    2022-07-01 $1,332,000 (11.0%) $1,692,267 (2.8%) 3.04 325
    2022-08-01 $1,344,500 (14.7%) $1,660,443 (7.2%) 3.12 312
    2022-09-01 $1,386,000 (15.5%) $1,720,097 (8.4%) 3.24 286
    2022-10-01 $1,349,000 (7.9%) $1,723,678 (3.2%) 3.17 297
    2022-11-01 $1,399,000 (3.8%) $1,777,598 (4.7%) 3.36 266
    2022-12-01 $1,345,000 (4.8%) $1,715,599 (8.1%) 3.32 232
    2023-01-01 $1,285,750 (7.2%) $1,643,300 (9.7%) 3.18 171
    2023-02-01 $1,316,250 (5.3%) $1,659,280 (10.7%) 3.18 176
    2023-03-01 $1,397,000 (7.7%) $1,790,272 (12.7%) 3.29 173
    2023-04-01 $1,399,000 (7.7%) $1,856,567 (13.6%) 3.25 204
    2023-05-01 $1,432,000 (2.5%) $1,810,164 (5.0%) 3.25 243
    2023-06-01 $1,387,000 (1.7%) $1,748,746 (1.5%) 3.12 280
    2023-07-01 $1,375,000 (3.2%) $1,764,170 (4.3%) 3.13 297
    2023-08-01 $1,298,000 (-3.5%) $1,717,326 (3.4%) 2.98 312
    2023-09-01 $1,250,000 (-9.8%) $1,723,492 (0.2%) 2.91 319
    2023-10-01 $1,197,000 (-11.3%) $1,695,612 (-1.6%) 2.82 332
    2023-11-01 $1,174,857 (-16.0%) $1,674,739 (-5.8%) 2.80 311
    2023-12-01 $1,182,000 (-12.1%) $1,611,871 (-6.1%) 2.88 248
    2024-01-01 $1,062,000 (-17.4%) $1,536,203 (-6.5%) 2.59 200
    2024-02-01 $1,074,850 (-18.3%) $1,597,220 (-3.7%) 2.59 193
    2024-03-01 $1,199,000 (-14.2%) $1,709,344 (-4.5%) 2.82 225
    2024-04-01 $1,298,000 (-7.2%) $1,841,445 (-0.8%) 3.02 270
    2024-05-01 $1,299,000 (-9.3%) $1,906,698 (5.3%) 2.94 344
    2024-06-01 $1,296,500 (-6.5%) $1,898,389 (8.6%) 2.91 375
    2024-07-01 $1,295,750 (-5.8%) $1,803,485 (2.2%) 2.96 395
    2024-08-01 $1,277,000 (-1.6%) $1,795,602 (4.6%) 2.97 432
    2024-09-01 $1,274,750 (2.0%) $1,767,265 (2.5%) 3.00 449
    2024-10-01 $1,295,000 (8.2%) $1,745,854 (3.0%) 3.05 442
    2024-11-01 $1,249,000 (6.3%) $1,698,702 (1.4%) 3.00 425
    2024-12-01 $1,182,500 (0.0%) $1,639,745 (1.7%) 2.94 324
    2025-01-01 $1,158,875 (9.1%) $1,610,167 (4.8%) 0.00 290
    Santa Cruz's median listing price for 2025-01-01 was $1,158,875, a difference of $96,875 (9.1%) versus the prior year and $-23,625 versus the prior month.

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

    Santa Cruz's average listing price for 2025-01-01 was $1,610,167, a difference of $73,964 (4.8%) versus the prior year and $-29,578 versus the prior month.

    For the 2025-01-01 period, Santa Cruz had 290 MLS listings, a difference of -34 listings (-10%) versus the prior month and 90 listings (45%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Santa Cruz (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 67 days 1,719 sqft
    2018-02-01 36 days 1,608 sqft
    2018-03-01 30 days 1,677 sqft
    2018-04-01 34 days 1,699 sqft
    2018-05-01 33 days 1,663 sqft
    2018-06-01 39 days 1,693 sqft
    2018-07-01 42 days 1,716 sqft
    2018-08-01 44 days 1,655 sqft
    2018-09-01 46 days 1,657 sqft
    2018-10-01 52 days 1,650 sqft
    2018-11-01 56 days 1,673 sqft
    2018-12-01 67 days 1,614 sqft
    2019-01-01 81 days 1,605 sqft
    2019-02-01 66 days 1,661 sqft
    2019-03-01 41 days 1,716 sqft
    2019-04-01 33 days 1,762 sqft
    2019-05-01 36 days 1,736 sqft
    2019-06-01 46 days 1,744 sqft
    2019-07-01 47 days 1,677 sqft
    2019-08-01 53 days 1,669 sqft
    2019-09-01 58 days 1,684 sqft
    2019-10-01 61 days 1,691 sqft
    2019-11-01 69 days 1,700 sqft
    2019-12-01 95 days 1,625 sqft
    2020-01-01 90 days 1,636 sqft
    2020-02-01 39 days 1,610 sqft
    2020-03-01 34 days 1,634 sqft
    2020-04-01 47 days 1,672 sqft
    2020-05-01 53 days 1,725 sqft
    2020-06-01 44 days 1,740 sqft
    2020-07-01 45 days 1,842 sqft
    2020-08-01 48 days 1,842 sqft
    2020-09-01 66 days 1,799 sqft
    2020-10-01 62 days 1,795 sqft
    2020-11-01 57 days 1,722 sqft
    2020-12-01 59 days 1,617 sqft
    2021-01-01 54 days 1,618 sqft
    2021-02-01 35 days 1,538 sqft
    2021-03-01 33 days 1,636 sqft
    2021-04-01 27 days 1,654 sqft
    2021-05-01 25 days 1,792 sqft
    2021-06-01 31 days 1,798 sqft
    2021-07-01 29 days 1,792 sqft
    2021-08-01 31 days 1,665 sqft
    2021-09-01 43 days 1,827 sqft
    2021-10-01 50 days 1,851 sqft
    2021-11-01 64 days 1,952 sqft
    2021-12-01 76 days 1,833 sqft
    2022-01-01 52 days 1,646 sqft
    2022-02-01 17 days 1,574 sqft
    2022-03-01 18 days 1,535 sqft
    2022-04-01 24 days 1,600 sqft
    2022-05-01 23 days 1,712 sqft
    2022-06-01 28 days 1,723 sqft
    2022-07-01 36 days 1,705 sqft
    2022-08-01 41 days 1,700 sqft
    2022-09-01 45 days 1,738 sqft
    2022-10-01 44 days 1,705 sqft
    2022-11-01 54 days 1,796 sqft
    2022-12-01 66 days 1,723 sqft
    2023-01-01 78 days 1,703 sqft
    2023-02-01 61 days 1,691 sqft
    2023-03-01 38 days 1,723 sqft
    2023-04-01 36 days 1,786 sqft
    2023-05-01 32 days 1,753 sqft
    2023-06-01 32 days 1,754 sqft
    2023-07-01 36 days 1,696 sqft
    2023-08-01 40 days 1,587 sqft
    2023-09-01 39 days 1,600 sqft
    2023-10-01 43 days 1,531 sqft
    2023-11-01 48 days 1,516 sqft
    2023-12-01 60 days 1,438 sqft
    2024-01-01 68 days 1,351 sqft
    2024-02-01 49 days 1,387 sqft
    2024-03-01 36 days 1,428 sqft
    2024-04-01 33 days 1,553 sqft
    2024-05-01 29 days 1,606 sqft
    2024-06-01 35 days 1,596 sqft
    2024-07-01 45 days 1,601 sqft
    2024-08-01 44 days 1,609 sqft
    2024-09-01 47 days 1,585 sqft
    2024-10-01 51 days 1,578 sqft
    2024-11-01 53 days 1,550 sqft
    2024-12-01 70 days 1,509 sqft
    2025-01-01 0 days 1,502 sqft
    Santa Cruz's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Santa Cruz's median square footage for active listings during the 2025-01-01 period was 1,502 sqft. One year prior, the average listing was 1,351 sqft.