Truckee USDA Loan Rates, Closing Costs & Stats

Truckee-Grass Valley, 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.

    Truckee's 9 lenders originated 10 USDA loans during 2021. The total origination value was $3,950,000, with an average USDA loan value of $395,000.

    Truckee USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Truckee averaged 5.94% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

    Truckee's average USDA mortgage closing costs are $7,568.

    The average rate for the prior week (2023-01-20) was 6.34% and one month ago for the week of 2022-12-23, the average rate was 6.17%.

    The average rate one year ago was 3.82%.

    For refis of the same type during the week of 2023-01-27, the average rate was 5.75%.

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

    Truckee 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 Truckee level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    CALIBER HOME LOANS, INC. 1 2.63% $7,374
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 3.13% $9,547
    FINANCE OF AMERICA MORTGAGE LLC 1 2.50% $7,644
    HOME POINT FINANCIAL CORPORATION 1 2.38% $9,293
    MOVEMENT MORTGAGE, LLC 1 3.25% $8,165
    PENNYMAC LOAN SERVICES, LLC 1 2.88% $5,114
    PLAZA HOME MORTGAGE, INC. 1 2.38% $6,188
    SNAPFI, INC. 1 2.38% $11,381
    UNITED WHOLESALE MORTGAGE, LLC 1 2.86% $11,530

    The top Truckee USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 1 USDA loans originated. Their average total fees are $7,374, which is $2,174 lower than the next largest lender, EVERGREEN MONEYSOURCE MORTGAGE COMPANY.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Truckee (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 $490,000 (3.8%) $627,784 (-0.1%) 0.00 458
    2018-02-01 $490,875 (0.3%) $628,360 (-1.0%) 0.00 454
    2018-03-01 $465,750 (-6.3%) $611,082 (-4.8%) 0.00 474
    2018-04-01 $479,000 (-3.8%) $597,181 (-6.5%) 0.00 542
    2018-05-01 $489,475 (-1.9%) $599,996 (-7.3%) 0.00 647
    2018-06-01 $497,000 (-4.8%) $595,686 (-11.0%) 0.00 725
    2018-07-01 $481,500 (-8.3%) $597,512 (-11.5%) 0.00 783
    2018-08-01 $474,950 (-5.7%) $598,595 (-7.9%) 0.00 833
    2018-09-01 $475,000 (-5.0%) $595,572 (-7.2%) 0.00 838
    2018-10-01 $465,000 (-5.5%) $591,912 (-7.5%) 0.00 805
    2018-11-01 $471,950 (-3.7%) $582,394 (-8.2%) 0.00 750
    2018-12-01 $455,000 (-4.8%) $570,096 (-8.2%) 0.00 707
    2019-01-01 $434,450 (-11.3%) $540,161 (-14.0%) 0.00 617
    2019-02-01 $437,190 (-10.9%) $547,868 (-12.8%) 0.00 588
    2019-03-01 $452,786 (-2.8%) $553,515 (-9.4%) 0.00 585
    2019-04-01 $466,750 (-2.6%) $560,613 (-6.1%) 0.00 617
    2019-05-01 $499,000 (2.0%) $609,061 (1.5%) 0.00 767
    2019-06-01 $500,000 (0.6%) $618,529 (3.8%) 0.00 858
    2019-07-01 $500,000 (3.8%) $612,238 (2.5%) 0.00 945
    2019-08-01 $500,000 (5.3%) $610,026 (1.9%) 0.00 957
    2019-09-01 $500,000 (5.3%) $604,090 (1.4%) 0.00 924
    2019-10-01 $500,000 (7.5%) $600,084 (1.4%) 0.00 875
    2019-11-01 $499,000 (5.7%) $584,382 (0.3%) 0.00 746
    2019-12-01 $480,000 (5.5%) $571,831 (0.3%) 0.00 646
    2020-01-01 $480,000 (10.5%) $578,526 (7.1%) 0.00 578
    2020-02-01 $489,000 (11.9%) $592,232 (8.1%) 0.00 549
    2020-03-01 $499,500 (10.3%) $600,319 (8.5%) 0.00 594
    2020-04-01 $507,500 (8.7%) $600,587 (7.1%) 0.00 564
    2020-05-01 $535,000 (7.2%) $643,405 (5.6%) 0.00 616
    2020-06-01 $549,000 (9.8%) $659,837 (6.7%) 0.00 560
    2020-07-01 $552,000 (10.4%) $669,746 (9.4%) 0.00 482
    2020-08-01 $575,000 (15.0%) $697,256 (14.3%) 0.00 410
    2020-09-01 $575,000 (15.0%) $720,638 (19.3%) 0.00 433
    2020-10-01 $569,900 (14.0%) $743,546 (23.9%) 0.00 445
    2020-11-01 $574,950 (15.2%) $732,266 (25.3%) 0.00 388
    2020-12-01 $558,500 (16.4%) $705,843 (23.4%) 0.00 347
    2021-01-01 $565,000 (17.7%) $719,827 (24.4%) 0.00 285
    2021-02-01 $544,032 (11.3%) $669,052 (13.0%) 0.00 264
    2021-03-01 $546,225 (9.4%) $644,658 (7.4%) 0.00 250
    2021-04-01 $549,450 (8.3%) $641,581 (6.8%) 0.00 293
    2021-05-01 $562,450 (5.1%) $657,122 (2.1%) 0.00 327
    2021-06-01 $612,250 (11.5%) $706,819 (7.1%) 0.00 322
    2021-07-01 $629,000 (14.0%) $748,577 (11.8%) 0.00 346
    2021-08-01 $605,500 (5.3%) $736,738 (5.7%) 0.00 353
    2021-09-01 $592,000 (3.0%) $744,022 (3.2%) 0.00 379
    2021-10-01 $599,900 (5.3%) $753,114 (1.3%) 0.00 428
    2021-11-01 $599,450 (4.3%) $740,675 (1.2%) 0.00 382
    2021-12-01 $599,000 (7.3%) $717,860 (1.7%) 0.00 298
    2022-01-01 $599,450 (6.1%) $711,732 (-1.1%) 0.00 227
    2022-02-01 $627,000 (15.3%) $764,356 (14.2%) 0.00 245
    2022-03-01 $644,250 (18.0%) $767,149 (19.0%) 0.00 278
    2022-04-01 $675,000 (22.9%) $806,610 (25.7%) 0.00 352
    2022-05-01 $659,450 (17.3%) $818,484 (24.6%) 0.00 486
    2022-06-01 $674,500 (10.2%) $837,341 (18.5%) 0.00 566
    2022-07-01 $669,000 (6.4%) $874,797 (16.9%) 0.00 617
    2022-08-01 $699,000 (15.4%) $900,431 (22.2%) 0.00 579
    2022-09-01 $695,000 (17.4%) $891,052 (19.8%) 0.00 561
    2022-10-01 $664,500 (10.8%) $861,562 (14.4%) 0.00 530
    2022-11-01 $629,225 (5.0%) $851,912 (15.0%) 0.00 467
    2022-12-01 $622,450 (3.9%) $859,638 (19.8%) 0.00 378
    Truckee's median listing price for 2022-12-01 was $622,450, a difference of $23,450 (3.9%) versus the prior year and $-6,775 versus the prior month.

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

    Truckee's average listing price for 2022-12-01 was $859,638, a difference of $141,778 (19.8%) versus the prior year and $7,726 versus the prior month.

    For the 2022-12-01 period, Truckee had 378 MLS listings, a difference of -89 listings (-19%) versus the prior month and 80 listings (27%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Truckee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,229 sqft
    2018-02-01 0 days 2,257 sqft
    2018-03-01 0 days 2,286 sqft
    2018-04-01 0 days 2,215 sqft
    2018-05-01 0 days 2,182 sqft
    2018-06-01 0 days 2,171 sqft
    2018-07-01 0 days 2,143 sqft
    2018-08-01 0 days 2,106 sqft
    2018-09-01 0 days 2,116 sqft
    2018-10-01 0 days 2,148 sqft
    2018-11-01 0 days 2,145 sqft
    2018-12-01 0 days 2,164 sqft
    2019-01-01 0 days 2,145 sqft
    2019-02-01 0 days 2,124 sqft
    2019-03-01 0 days 2,199 sqft
    2019-04-01 0 days 2,230 sqft
    2019-05-01 0 days 2,262 sqft
    2019-06-01 0 days 2,204 sqft
    2019-07-01 0 days 2,179 sqft
    2019-08-01 0 days 2,201 sqft
    2019-09-01 0 days 2,216 sqft
    2019-10-01 0 days 2,232 sqft
    2019-11-01 0 days 2,257 sqft
    2019-12-01 0 days 2,256 sqft
    2020-01-01 0 days 2,254 sqft
    2020-02-01 0 days 2,297 sqft
    2020-03-01 0 days 2,229 sqft
    2020-04-01 0 days 2,242 sqft
    2020-05-01 0 days 2,234 sqft
    2020-06-01 0 days 2,332 sqft
    2020-07-01 0 days 2,242 sqft
    2020-08-01 0 days 2,200 sqft
    2020-09-01 0 days 2,209 sqft
    2020-10-01 0 days 2,158 sqft
    2020-11-01 0 days 2,139 sqft
    2020-12-01 0 days 2,129 sqft
    2021-01-01 0 days 2,080 sqft
    2021-02-01 0 days 2,050 sqft
    2021-03-01 0 days 1,997 sqft
    2021-04-01 0 days 1,965 sqft
    2021-05-01 0 days 1,918 sqft
    2021-06-01 0 days 1,940 sqft
    2021-07-01 0 days 2,000 sqft
    2021-08-01 0 days 1,950 sqft
    2021-09-01 0 days 1,921 sqft
    2021-10-01 0 days 1,949 sqft
    2021-11-01 0 days 1,981 sqft
    2021-12-01 0 days 1,919 sqft
    2022-01-01 0 days 1,866 sqft
    2022-02-01 0 days 1,877 sqft
    2022-03-01 0 days 1,906 sqft
    2022-04-01 0 days 1,923 sqft
    2022-05-01 0 days 1,971 sqft
    2022-06-01 0 days 2,000 sqft
    2022-07-01 0 days 1,982 sqft
    2022-08-01 0 days 1,936 sqft
    2022-09-01 0 days 1,983 sqft
    2022-10-01 0 days 2,009 sqft
    2022-11-01 0 days 2,005 sqft
    2022-12-01 0 days 2,009 sqft
    Truckee's median listing age (time on market) for 2022-12-01 was 0 days.

    Truckee's median square footage for active listings during the 2022-12-01 period was 2,009 sqft. One year prior, the average listing was 1,919 sqft.