Santa Cruz USDA Loan Rates, Closing Costs & Stats
SANTA CRUZ-WATSONVILLE, 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.
Santa Cruz's 1 lenders originated 1 USDA loans during 2022. The total origination value was $585,000, with an average USDA loan value of $585,000.
Santa Cruz USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Santa Cruz
averaged
-0.51%
for the week of 2023-06-02, compared to the national average (all USDA variants) of
0% for the same period.
Santa Cruz's average USDA mortgage closing costs are $12,831.
The average rate for the prior week (2023-05-26) was
5.83% and
one month ago for the week of 2023-04-28, the
average rate was 5.61%.
The average rate one year ago was 4.77%.
For refis of the same type during the week of 2023-06-02, the average rate
was -1.65%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.25% | $10,353 |
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 (9.6%) | 3.34 | 220 |
| 2018-02-01 | $899,250 (5.9%) | $1,383,211 (6.9%) | 3.27 | 245 |
| 2018-03-01 | $975,000 (9.9%) | $1,368,314 (3.5%) | 3.42 | 285 |
| 2018-04-01 | $950,000 (5.6%) | $1,504,485 (12.5%) | 3.22 | 337 |
| 2018-05-01 | $939,250 (4.5%) | $1,461,802 (11.9%) | 3.14 | 380 |
| 2018-06-01 | $975,000 (5.9%) | $1,455,719 (12.0%) | 3.25 | 422 |
| 2018-07-01 | $964,500 (4.3%) | $1,407,289 (8.8%) | 3.22 | 474 |
| 2018-08-01 | $930,253 (3.4%) | $1,341,335 (6.7%) | 3.12 | 526 |
| 2018-09-01 | $925,000 (2.8%) | $1,320,901 (5.7%) | 3.11 | 561 |
| 2018-10-01 | $897,000 (-0.2%) | $1,311,670 (6.3%) | 3.04 | 562 |
| 2018-11-01 | $899,500 (0.1%) | $1,341,496 (2.7%) | 3.05 | 537 |
| 2018-12-01 | $895,000 (-0.4%) | $1,352,935 (3.3%) | 3.09 | 428 |
| 2019-01-01 | $898,000 (-0.2%) | $1,396,503 (0.0%) | 3.10 | 322 |
| 2019-02-01 | $899,000 (0.0%) | $1,374,867 (-0.6%) | 3.04 | 304 |
| 2019-03-01 | $940,143 (-3.6%) | $1,398,041 (2.2%) | 3.07 | 351 |
| 2019-04-01 | $988,093 (4.0%) | $1,380,623 (-8.2%) | 3.14 | 411 |
| 2019-05-01 | $999,250 (6.4%) | $1,371,591 (-6.2%) | 3.12 | 470 |
| 2019-06-01 | $998,000 (2.4%) | $1,400,705 (-3.8%) | 3.12 | 515 |
| 2019-07-01 | $957,500 (-0.7%) | $1,358,753 (-3.5%) | 3.00 | 584 |
| 2019-08-01 | $961,000 (3.3%) | $1,355,578 (1.1%) | 3.04 | 581 |
| 2019-09-01 | $954,250 (3.2%) | $1,349,242 (2.2%) | 3.05 | 568 |
| 2019-10-01 | $949,000 (5.8%) | $1,345,017 (2.5%) | 3.06 | 553 |
| 2019-11-01 | $949,250 (5.5%) | $1,363,268 (1.6%) | 3.11 | 465 |
| 2019-12-01 | $899,250 (0.5%) | $1,390,006 (2.7%) | 3.00 | 305 |
| 2020-01-01 | $899,500 (0.2%) | $1,383,186 (-1.0%) | 3.01 | 238 |
| 2020-02-01 | $927,000 (3.1%) | $1,413,287 (2.8%) | 3.04 | 263 |
| 2020-03-01 | $949,000 (0.9%) | $1,380,956 (-1.2%) | 2.97 | 326 |
| 2020-04-01 | $951,238 (-3.7%) | $1,357,481 (-1.7%) | 2.98 | 357 |
| 2020-05-01 | $962,250 (-3.7%) | $1,399,344 (2.0%) | 2.92 | 389 |
| 2020-06-01 | $1,024,498 (2.7%) | $1,533,583 (9.5%) | 3.02 | 378 |
| 2020-07-01 | $1,095,749 (14.4%) | $1,556,964 (14.6%) | 3.18 | 352 |
| 2020-08-01 | $1,100,000 (14.5%) | $1,656,468 (22.2%) | 3.15 | 312 |
| 2020-09-01 | $1,091,500 (14.4%) | $1,607,763 (19.2%) | 3.13 | 274 |
| 2020-10-01 | $1,075,000 (13.3%) | $1,604,172 (19.3%) | 3.08 | 271 |
| 2020-11-01 | $1,048,500 (10.5%) | $1,469,102 (7.8%) | 3.07 | 255 |
| 2020-12-01 | $972,919 (8.2%) | $1,403,710 (1.0%) | 2.90 | 217 |
| 2021-01-01 | $950,000 (5.6%) | $1,390,225 (0.5%) | 2.84 | 167 |
| 2021-02-01 | $944,500 (1.9%) | $1,435,531 (1.6%) | 2.75 | 149 |
| 2021-03-01 | $1,074,750 (13.3%) | $1,501,887 (8.8%) | 3.05 | 159 |
| 2021-04-01 | $1,134,250 (19.2%) | $1,632,051 (20.2%) | 3.07 | 185 |
| 2021-05-01 | $1,200,000 (24.7%) | $1,753,276 (25.3%) | 3.19 | 207 |
| 2021-06-01 | $1,235,000 (20.6%) | $1,753,371 (14.3%) | 3.25 | 216 |
| 2021-07-01 | $1,200,000 (9.5%) | $1,700,930 (9.3%) | 3.17 | 235 |
| 2021-08-01 | $1,174,500 (6.8%) | $1,599,723 (-3.4%) | 3.13 | 244 |
| 2021-09-01 | $1,200,000 (9.9%) | $1,643,528 (2.2%) | 3.20 | 222 |
| 2021-10-01 | $1,250,000 (16.3%) | $1,722,360 (7.4%) | 3.33 | 188 |
| 2021-11-01 | $1,349,250 (28.7%) | $1,764,830 (20.1%) | 3.61 | 152 |
| 2021-12-01 | $1,295,000 (33.1%) | $1,691,547 (20.5%) | 3.51 | 102 |
| 2022-01-01 | $1,212,500 (27.6%) | $1,624,527 (16.9%) | 3.28 | 84 |
| 2022-02-01 | $1,262,000 (33.6%) | $1,614,404 (12.5%) | 3.28 | 107 |
| 2022-03-01 | $1,298,738 (20.8%) | $1,672,798 (11.4%) | 3.25 | 137 |
| 2022-04-01 | $1,299,000 (14.5%) | $1,703,795 (4.4%) | 3.10 | 157 |
| 2022-05-01 | $1,398,750 (16.6%) | $1,772,698 (1.1%) | 3.20 | 235 |
| 2022-06-01 | $1,368,250 (10.8%) | $1,765,917 (0.7%) | 3.05 | 270 |
| 2022-07-01 | $1,349,000 (12.4%) | $1,728,453 (1.6%) | 3.04 | 326 |
| 2022-08-01 | $1,349,000 (14.9%) | $1,697,038 (6.1%) | 3.12 | 313 |
| 2022-09-01 | $1,386,000 (15.5%) | $1,738,811 (5.8%) | 3.24 | 286 |
| 2022-10-01 | $1,349,000 (7.9%) | $1,723,678 (0.1%) | 3.17 | 297 |
| 2022-11-01 | $1,399,000 (3.7%) | $1,777,598 (0.7%) | 3.36 | 266 |
| 2022-12-01 | $1,345,000 (3.9%) | $1,715,599 (1.4%) | 3.32 | 232 |
| 2023-01-01 | $1,285,750 (6.0%) | $1,643,300 (1.2%) | 3.19 | 171 |
| 2023-02-01 | $1,316,250 (4.3%) | $1,659,280 (2.8%) | 3.18 | 176 |
| 2023-03-01 | $1,397,000 (7.6%) | $1,790,272 (7.0%) | 3.30 | 173 |
| 2023-04-01 | $1,399,000 (7.7%) | $1,887,686 (10.8%) | 3.25 | 205 |
| 2023-05-01 | $1,432,000 (2.4%) | $1,828,070 (3.1%) | 3.24 | 243 |
Santa Cruz's median listing price comes in at 324% of the national average.
Santa Cruz's average listing price for 2023-05-01 was $1,828,070, a difference of $55,372 (3.1%) versus the prior year and $-59,616 versus the prior month.
For the 2023-05-01 period, Santa Cruz had 243 MLS listings, a difference of 38 listings (19%) versus the prior month and 8 listings (3%) 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 | 1,604 sqft |
| 2018-03-01 | 30 days | 1,674 sqft |
| 2018-04-01 | 34 days | 1,699 sqft |
| 2018-05-01 | 33 days | 1,663 sqft |
| 2018-06-01 | 39 days | 1,696 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 | 1,652 sqft |
| 2018-11-01 | 56 days | 1,678 sqft |
| 2018-12-01 | 67 days | 1,619 sqft |
| 2019-01-01 | 81 days | 1,606 sqft |
| 2019-02-01 | 66 days | 1,662 sqft |
| 2019-03-01 | 41 days | 1,719 sqft |
| 2019-04-01 | 33 days | 1,766 sqft |
| 2019-05-01 | 36 days | 1,741 sqft |
| 2019-06-01 | 46 days | 1,747 sqft |
| 2019-07-01 | 47 days | 1,678 sqft |
| 2019-08-01 | 53 days | 1,670 sqft |
| 2019-09-01 | 57 days | 1,685 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 | 1,611 sqft |
| 2020-03-01 | 34 days | 1,638 sqft |
| 2020-04-01 | 47 days | 1,675 sqft |
| 2020-05-01 | 53 days | 1,726 sqft |
| 2020-06-01 | 44 days | 1,746 sqft |
| 2020-07-01 | 45 days | 1,842 sqft |
| 2020-08-01 | 48 days | 1,843 sqft |
| 2020-09-01 | 66 days | 1,801 sqft |
| 2020-10-01 | 63 days | 1,798 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 | 1,793 sqft |
| 2021-06-01 | 31 days | 1,801 sqft |
| 2021-07-01 | 29 days | 1,796 sqft |
| 2021-08-01 | 31 days | 1,672 sqft |
| 2021-09-01 | 43 days | 1,835 sqft |
| 2021-10-01 | 50 days | 1,852 sqft |
| 2021-11-01 | 64 days | 1,955 sqft |
| 2021-12-01 | 76 days | 1,844 sqft |
| 2022-01-01 | 52 days | 1,649 sqft |
| 2022-02-01 | 17 days | 1,592 sqft |
| 2022-03-01 | 18 days | 1,536 sqft |
| 2022-04-01 | 24 days | 1,600 sqft |
| 2022-05-01 | 23 days | 1,716 sqft |
| 2022-06-01 | 28 days | 1,724 sqft |
| 2022-07-01 | 36 days | 1,705 sqft |
| 2022-08-01 | 41 days | 1,701 sqft |
| 2022-09-01 | 45 days | 1,744 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 | 1,729 sqft |
| 2023-04-01 | 36 days | 1,793 sqft |
| 2023-05-01 | 32 days | 1,754 sqft |
Santa Cruz's median square footage for active listings during the 2023-05-01 period was 1,754 sqft. One year prior, the average listing was 1,716 sqft.