Truckee USDA Loan Rates, Closing Costs & Stats

Truckee-Grass Valley, 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.

Truckee's 4 lenders originated 5 USDA loans during 2022. The total origination value was $1,965,000, with an average USDA loan value of $393,000.

Truckee USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Truckee averaged -0.38% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

Truckee's average USDA mortgage closing costs are $7,874.

The average rate for the prior week (2024-02-16) was 6.3% and one month ago for the week of 2024-01-19, the average rate was 6.08%.

The average rate one year ago was 6.08%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.64%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 2 3.68% $8,163
HOME POINT FINANCIAL CORPORATION 1 3.25% $13,217
PLANET HOME LENDING, LLC 1 2.50% $14,082
Sierra Pacific Mortgage Company, Inc. 1 4.63% $7,352

The top Truckee USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 2 USDA loans originated. Their average total fees are $8,163, which is $5,053 lower than the next largest lender, HOME POINT FINANCIAL CORPORATION.

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 $489,750 (3.8%) $626,862 (-1.0%) 0.00 458
2018-02-01 $489,375 (-0.3%) $627,092 (-2.2%) 0.00 453
2018-03-01 $465,375 (-6.7%) $609,844 (-6.0%) 0.00 473
2018-04-01 $479,000 (-3.8%) $596,075 (-7.4%) 0.00 541
2018-05-01 $489,025 (-2.1%) $599,025 (-8.4%) 0.00 646
2018-06-01 $497,000 (-5.7%) $596,448 (-11.6%) 0.00 725
2018-07-01 $481,750 (-8.2%) $599,549 (-11.8%) 0.00 783
2018-08-01 $474,975 (-6.8%) $599,024 (-8.1%) 0.00 832
2018-09-01 $475,000 (-5.0%) $602,215 (-6.5%) 0.00 838
2018-10-01 $466,000 (-5.3%) $598,601 (-6.5%) 0.00 806
2018-11-01 $471,975 (-3.7%) $589,497 (-7.1%) 0.00 751
2018-12-01 $455,000 (-4.9%) $577,751 (-7.1%) 0.00 708
2019-01-01 $434,475 (-11.3%) $549,466 (-12.4%) 0.00 618
2019-02-01 $438,220 (-10.5%) $557,492 (-11.1%) 0.00 589
2019-03-01 $453,893 (-2.5%) $563,254 (-7.6%) 0.00 585
2019-04-01 $466,875 (-2.5%) $570,478 (-4.3%) 0.00 618
2019-05-01 $497,000 (1.6%) $612,472 (2.2%) 0.00 767
2019-06-01 $499,975 (0.6%) $621,386 (4.2%) 0.00 860
2019-07-01 $500,000 (3.8%) $617,827 (3.1%) 0.00 949
2019-08-01 $500,000 (5.3%) $614,316 (2.6%) 0.00 960
2019-09-01 $500,000 (5.3%) $606,286 (0.7%) 0.00 925
2019-10-01 $500,000 (7.3%) $600,644 (0.3%) 0.00 876
2019-11-01 $499,000 (5.7%) $585,032 (-0.8%) 0.00 747
2019-12-01 $480,000 (5.5%) $571,831 (-1.0%) 0.00 646
2020-01-01 $480,000 (10.5%) $578,526 (5.3%) 0.00 578
2020-02-01 $489,500 (11.7%) $592,232 (6.2%) 0.00 549
2020-03-01 $499,500 (10.1%) $600,319 (6.6%) 0.00 595
2020-04-01 $507,500 (8.7%) $600,587 (5.3%) 0.00 564
2020-05-01 $535,000 (7.7%) $643,479 (5.1%) 0.00 616
2020-06-01 $549,000 (9.8%) $659,931 (6.2%) 0.00 560
2020-07-01 $550,750 (10.2%) $669,883 (8.4%) 0.00 481
2020-08-01 $575,000 (15.0%) $697,478 (13.5%) 0.00 409
2020-09-01 $575,000 (15.0%) $722,408 (19.2%) 0.00 433
2020-10-01 $572,400 (14.5%) $743,546 (23.8%) 0.00 446
2020-11-01 $574,950 (15.2%) $731,971 (25.1%) 0.00 389
2020-12-01 $559,500 (16.6%) $705,909 (23.5%) 0.00 348
2021-01-01 $565,000 (17.7%) $719,827 (24.4%) 0.00 285
2021-02-01 $544,032 (11.1%) $669,052 (13.0%) 0.00 264
2021-03-01 $546,225 (9.4%) $644,658 (7.4%) 0.00 250
2021-04-01 $549,685 (8.3%) $643,821 (7.2%) 0.00 294
2021-05-01 $565,000 (5.6%) $659,317 (2.5%) 0.00 328
2021-06-01 $614,250 (11.9%) $707,805 (7.3%) 0.00 323
2021-07-01 $639,000 (16.0%) $755,983 (12.9%) 0.00 348
2021-08-01 $606,000 (5.4%) $737,752 (5.8%) 0.00 356
2021-09-01 $593,972 (3.3%) $743,805 (3.0%) 0.00 382
2021-10-01 $599,900 (4.8%) $752,752 (1.2%) 0.00 431
2021-11-01 $599,450 (4.3%) $739,870 (1.1%) 0.00 385
2021-12-01 $599,225 (7.1%) $723,304 (2.5%) 0.00 299
2022-01-01 $599,450 (6.1%) $713,333 (-0.9%) 0.00 227
2022-02-01 $626,000 (15.1%) $764,232 (14.2%) 0.00 245
2022-03-01 $645,750 (18.2%) $772,809 (19.9%) 0.00 279
2022-04-01 $677,000 (23.2%) $809,662 (25.8%) 0.00 353
2022-05-01 $658,450 (16.5%) $818,142 (24.1%) 0.00 486
2022-06-01 $674,500 (9.8%) $837,341 (18.3%) 0.00 566
2022-07-01 $669,000 (4.7%) $866,878 (14.7%) 0.00 617
2022-08-01 $699,000 (15.4%) $892,178 (20.9%) 0.00 578
2022-09-01 $695,000 (17.0%) $882,732 (18.7%) 0.00 560
2022-10-01 $660,000 (10.0%) $852,543 (13.3%) 0.00 529
2022-11-01 $629,225 (5.0%) $851,912 (15.1%) 0.00 467
2022-12-01 $622,450 (3.9%) $859,638 (18.9%) 0.00 378
2023-01-01 $659,000 (9.9%) $911,341 (27.8%) 0.00 298
2023-02-01 $700,000 (11.8%) $951,257 (24.5%) 0.00 266
2023-03-01 $684,361 (6.0%) $948,487 (22.7%) 0.00 248
2023-04-01 $725,000 (7.1%) $1,008,157 (24.5%) 0.00 263
2023-05-01 $729,250 (10.8%) $987,023 (20.6%) 0.00 347
2023-06-01 $749,225 (11.1%) $980,162 (17.1%) 0.00 439
2023-07-01 $749,000 (12.0%) $979,448 (13.0%) 0.00 486
2023-08-01 $748,250 (7.1%) $979,782 (9.8%) 0.00 488
2023-09-01 $739,000 (6.3%) $961,968 (9.0%) 0.00 475
2023-10-01 $700,000 (6.1%) $948,042 (11.2%) 0.00 457
2023-11-01 $674,975 (7.3%) $907,841 (6.6%) 0.00 430
2023-12-01 $668,000 (7.3%) $916,911 (6.7%) 0.00 370
Truckee's median listing price for 2023-12-01 was $668,000, a difference of $45,550 (7.3%) versus the prior year and $-6,975 versus the prior month.

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

Truckee's average listing price for 2023-12-01 was $916,911, a difference of $57,273 (6.7%) versus the prior year and $9,070 versus the prior month.

For the 2023-12-01 period, Truckee had 370 MLS listings, a difference of -60 listings (-14%) versus the prior month and -8 listings (-2%) 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 2,228 sqft
2018-02-01 0 days 2,254 sqft
2018-03-01 0 days 2,283 sqft
2018-04-01 0 days 2,212 sqft
2018-05-01 0 days 2,182 sqft
2018-06-01 0 days 2,171 sqft
2018-07-01 0 days 2,145 sqft
2018-08-01 0 days 2,104 sqft
2018-09-01 0 days 2,116 sqft
2018-10-01 0 days 2,157 sqft
2018-11-01 0 days 2,150 sqft
2018-12-01 0 days 2,165 sqft
2019-01-01 0 days 2,148 sqft
2019-02-01 0 days 2,139 sqft
2019-03-01 0 days 2,202 sqft
2019-04-01 0 days 2,240 sqft
2019-05-01 0 days 2,262 sqft
2019-06-01 0 days 2,206 sqft
2019-07-01 0 days 2,182 sqft
2019-08-01 0 days 2,208 sqft
2019-09-01 0 days 2,220 sqft
2019-10-01 0 days 2,234 sqft
2019-11-01 0 days 2,257 sqft
2019-12-01 0 days 2,254 sqft
2020-01-01 0 days 2,252 sqft
2020-02-01 0 days 2,293 sqft
2020-03-01 0 days 2,229 sqft
2020-04-01 0 days 2,243 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 2,210 sqft
2020-10-01 0 days 2,155 sqft
2020-11-01 0 days 2,138 sqft
2020-12-01 0 days 2,127 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 1,963 sqft
2021-05-01 0 days 1,918 sqft
2021-06-01 0 days 1,938 sqft
2021-07-01 0 days 2,000 sqft
2021-08-01 0 days 1,953 sqft
2021-09-01 0 days 1,928 sqft
2021-10-01 0 days 1,950 sqft
2021-11-01 0 days 1,984 sqft
2021-12-01 0 days 1,923 sqft
2022-01-01 0 days 1,872 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 1,996 sqft
2022-07-01 0 days 1,984 sqft
2022-08-01 0 days 1,936 sqft
2022-09-01 0 days 1,981 sqft
2022-10-01 0 days 2,008 sqft
2022-11-01 0 days 2,006 sqft
2022-12-01 0 days 2,009 sqft
2023-01-01 0 days 2,135 sqft
2023-02-01 0 days 2,222 sqft
2023-03-01 0 days 2,213 sqft
2023-04-01 0 days 2,400 sqft
2023-05-01 0 days 2,239 sqft
2023-06-01 0 days 2,323 sqft
2023-07-01 0 days 2,256 sqft
2023-08-01 0 days 2,236 sqft
2023-09-01 0 days 2,205 sqft
2023-10-01 0 days 2,173 sqft
2023-11-01 0 days 2,140 sqft
2023-12-01 0 days 2,197 sqft
Truckee's median listing age (time on market) for 2023-12-01 was 0 days.

Truckee's median square footage for active listings during the 2023-12-01 period was 2,197 sqft. One year prior, the average listing was 2,009 sqft.