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%.

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.