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 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%.
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. LouisDate | 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 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. LouisDate | 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 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.