Yuba City USDA Loans

YUBA CITY, 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.

Yuba City's 12 lenders originated 26 USDA loans during 2021. The total origination value was $9,350,000, with an average USDA loan value of $359,615.

Yuba City USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Yuba City averaged 5.56% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.25% and one month ago for the week of 2022-04-15, the average rate was 4.94%.

The average rate one year ago was 3.39%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.05%.

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

Yuba City USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Yuba City level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Hometown Lenders, Inc. 4 2.75% $7,314
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 4 2.94% $9,991
FINANCE OF AMERICA MORTGAGE LLC 3 2.67% $7,067
CORNERSTONE HOME LENDING, INC. 3 3.08% $7,953
NOVA FINANCIAL & INVESTMENT CORPORATION 1 2.88% $7,459
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.00% $13,511
Sierra Pacific Mortgage Company, Inc. 1 2.50% $9,470
SUMMIT FUNDING, INC. 1 3.13% $8,369
UNITED WHOLESALE MORTGAGE, LLC 1 2.88% $12,709
ENVOY MORTGAGE, LTD 1 3.00% $10,115
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.38% $18,702
LOANDEPOT.COM, LLC 1 2.88% $7,400

The top Yuba City USDA lender as defined by loan originations is Hometown Lenders, Inc., with 4 USDA loans originated. Their average total fees are $7,314, which is $2,677 lower than the next largest lender, EVERGREEN MONEYSOURCE MORTGAGE COMPANY.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Yuba City (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 $299,950 (7.4%) $365,509 (6.8%) 1.10 442
2018-02-01 $315,000 (9.0%) $379,205 (11.6%) 1.14 431
2018-03-01 $325,000 (11.1%) $404,468 (18.8%) 1.12 418
2018-04-01 $339,200 (13.4%) $411,895 (16.4%) 1.14 444
2018-05-01 $330,000 (10.6%) $407,507 (11.9%) 1.10 493
2018-06-01 $334,900 (11.8%) $407,512 (10.8%) 1.12 523
2018-07-01 $326,750 (5.7%) $393,250 (7.2%) 1.09 588
2018-08-01 $319,950 (6.7%) $381,704 (4.2%) 1.07 650
2018-09-01 $320,000 (5.0%) $376,005 (2.7%) 1.07 675
2018-10-01 $315,000 (5.1%) $375,716 (4.2%) 1.05 682
2018-11-01 $309,450 (3.2%) $373,998 (2.3%) 1.04 629
2018-12-01 $305,000 (1.7%) $364,957 (-0.6%) 1.04 526
2019-01-01 $304,900 (1.7%) $354,702 (-3.0%) 1.05 437
2019-02-01 $318,950 (1.3%) $397,019 (4.7%) 1.07 433
2019-03-01 $328,569 (1.1%) $409,032 (1.1%) 1.07 405
2019-04-01 $338,567 (-0.2%) $410,053 (-0.5%) 1.07 415
2019-05-01 $333,650 (1.1%) $418,532 (2.7%) 1.03 463
2019-06-01 $339,000 (1.2%) $416,739 (2.3%) 1.04 499
2019-07-01 $339,950 (4.0%) $885,883 (125.3%) 1.06 556
2019-08-01 $339,729 (6.2%) $938,825 (146.0%) 1.07 554
2019-09-01 $337,250 (5.4%) $383,566 (2.0%) 1.07 539
2019-10-01 $334,950 (6.3%) $384,492 (2.3%) 1.07 528
2019-11-01 $347,900 (12.4%) $393,928 (5.3%) 1.12 498
2019-12-01 $343,950 (12.8%) $420,384 (15.2%) 1.15 405
2020-01-01 $337,450 (10.7%) $424,601 (19.7%) 1.13 359
2020-02-01 $363,000 (13.8%) $446,315 (12.4%) 1.17 368
2020-03-01 $381,950 (16.3%) $438,985 (7.3%) 1.19 395
2020-04-01 $381,578 (12.7%) $440,201 (7.4%) 1.19 394
2020-05-01 $399,500 (19.7%) $458,805 (9.6%) 1.21 354
2020-06-01 $399,000 (17.7%) $459,994 (10.4%) 1.17 308
2020-07-01 $399,250 (17.4%) $462,603 (-47.8%) 1.14 273
2020-08-01 $399,000 (17.5%) $462,949 (-50.7%) 1.14 245
2020-09-01 $404,900 (20.1%) $469,668 (22.5%) 1.16 224
2020-10-01 $405,000 (20.9%) $486,243 (26.5%) 1.16 247
2020-11-01 $406,950 (17.0%) $500,339 (27.0%) 1.17 214
2020-12-01 $432,500 (25.8%) $526,364 (25.2%) 1.27 175
2021-01-01 $445,000 (31.9%) $599,764 (41.3%) 1.31 123
2021-02-01 $445,236 (22.7%) $580,315 (30.0%) 1.28 137
2021-03-01 $424,900 (11.2%) $577,264 (31.5%) 1.19 134
2021-04-01 $404,500 (6.0%) $537,332 (22.1%) 1.09 160
2021-05-01 $419,900 (5.1%) $560,210 (22.1%) 1.11 164
2021-06-01 $427,450 (7.1%) $578,599 (25.8%) 1.11 195
2021-07-01 $430,250 (7.8%) $560,760 (21.2%) 1.12 213
2021-08-01 $415,000 (4.0%) $536,560 (15.9%) 1.09 203
2021-09-01 $420,000 (3.7%) $531,942 (13.3%) 1.11 214
2021-10-01 $429,990 (6.2%) $541,912 (11.5%) 1.13 229
2021-11-01 $438,745 (7.8%) $533,751 (6.7%) 1.16 218
2021-12-01 $438,995 (1.5%) $497,783 (-5.4%) 1.17 161
2022-01-01 $446,000 (0.2%) $507,180 (-15.4%) 1.19 145
2022-02-01 $467,450 (5.0%) $515,932 (-11.1%) 1.19 143
2022-03-01 $475,000 (11.8%) $532,572 (-7.7%) 1.17 176
2022-04-01 $470,000 (16.2%) $525,594 (-2.2%) 1.11 210
Yuba City's median listing price for 2022-04-01 was $470,000, a difference of $65,500 (16.2%) versus the prior year and $-5,000 versus the prior month.

Yuba City's median listing price comes in at 111% of the national average.

Yuba City's average listing price for 2022-04-01 was $525,594, a difference of $-11,738 (-2.2%) versus the prior year and $-6,978 versus the prior month.

For the 2022-04-01 period, Yuba City had 210 MLS listings, a difference of 34 listings (19%) versus the prior month and 50 listings (31%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Yuba City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 74 days 1,848 sqft
2018-02-01 66 days 1,855 sqft
2018-03-01 49 days 1,884 sqft
2018-04-01 46 days 1,895 sqft
2018-05-01 42 days 1,899 sqft
2018-06-01 44 days 1,878 sqft
2018-07-01 44 days 1,832 sqft
2018-08-01 45 days 1,811 sqft
2018-09-01 52 days 1,836 sqft
2018-10-01 54 days 1,818 sqft
2018-11-01 57 days 1,738 sqft
2018-12-01 66 days 1,720 sqft
2019-01-01 67 days 1,697 sqft
2019-02-01 57 days 1,737 sqft
2019-03-01 55 days 1,741 sqft
2019-04-01 48 days 1,734 sqft
2019-05-01 37 days 1,718 sqft
2019-06-01 43 days 1,750 sqft
2019-07-01 43 days 1,756 sqft
2019-08-01 49 days 1,763 sqft
2019-09-01 51 days 1,773 sqft
2019-10-01 51 days 1,820 sqft
2019-11-01 51 days 1,907 sqft
2019-12-01 63 days 1,878 sqft
2020-01-01 71 days 1,863 sqft
2020-02-01 45 days 1,896 sqft
2020-03-01 38 days 1,950 sqft
2020-04-01 44 days 1,951 sqft
2020-05-01 59 days 2,048 sqft
2020-06-01 51 days 2,050 sqft
2020-07-01 57 days 2,036 sqft
2020-08-01 49 days 2,000 sqft
2020-09-01 37 days 2,009 sqft
2020-10-01 36 days 2,000 sqft
2020-11-01 48 days 1,914 sqft
2020-12-01 51 days 1,950 sqft
2021-01-01 53 days 1,996 sqft
2021-02-01 24 days 1,892 sqft
2021-03-01 30 days 1,877 sqft
2021-04-01 30 days 1,873 sqft
2021-05-01 31 days 1,863 sqft
2021-06-01 24 days 1,784 sqft
2021-07-01 27 days 1,809 sqft
2021-08-01 36 days 1,664 sqft
2021-09-01 37 days 1,655 sqft
2021-10-01 38 days 1,714 sqft
2021-11-01 42 days 1,742 sqft
2021-12-01 49 days 1,745 sqft
2022-01-01 48 days 1,767 sqft
2022-02-01 35 days 1,772 sqft
2022-03-01 27 days 1,801 sqft
2022-04-01 26 days 1,744 sqft
Yuba City's median listing age (time on market) for 2022-04-01 was 26 days. This is -12% shorter than the same period one year ago.

Yuba City's median square footage for active listings during the 2022-04-01 period was 1,744 sqft. One year prior, the average listing was 1,873 sqft.