Eureka VA Loan Rates, Closing Costs & Stats

Eureka-Arcata, CA

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Eureka's 18 lenders originated 36 VA loans during 2023. The total origination value was $13,410,000, with an average VA loan value of $372,500.

    Eureka VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Eureka averaged 0.3% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Eureka's average VA mortgage closing costs are $6,612.

    The average rate for the prior week (2024-11-08) was 6.6% and one month ago for the week of 2024-10-11, the average rate was 5.97%.

    The average rate one year ago was 7.66%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.2%.

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

    Eureka VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Eureka level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 7 6.14% $12,270
    Mortgage Research Center, LLC 7 6.59% $11,889
    American Mortgage & Equity Consultants, Inc. 4 6.91% $13,504
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 6.87% $15,107
    Florida Capital Bank 2 5.94% $5,755
    LOANDEPOT.COM, LLC 1 5.99% $15,638
    Magnolia Bank 1 6.63% $12,869
    NEW DAY FINANCIAL, LLC 1 8.25% $10,824
    Paramount Residential Mortgage Group, Inc. 1 5.25% $9,141
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $4,108
    USAA Federal Savings Bank 1 6.50% $3,131
    VILLAGE CAPITAL MORTGAGE 1 5.00% $4,531
    ACADEMY MORTGAGE CORPORATION 1 6.13% $15,953
    ZILLOW HOME LOANS, LLC 1 6.13% $3,667
    CMG MORTGAGE, INC. 1 6.63% $14,247
    FREEDOM MORTGAGE CORPORATION 1 6.75% $18,374
    FRONTWAVE 1 5.38% $2,258
    GUARANTEED RATE, INC. 1 6.18% $7,372

    The top Eureka VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 7 VA loans originated. Their average total fees are $12,270, which is $380 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Eureka VA lenders (with over 10 loans originated) are .

    The lowest rate Eureka VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Eureka (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 $425,000 (13.3%) $634,768 (6.5%) 1.58 339
    2018-02-01 $425,000 (13.0%) $627,785 (-7.4%) 1.54 357
    2018-03-01 $425,000 (7.9%) $613,023 (-0.8%) 1.49 378
    2018-04-01 $425,000 (11.2%) $590,277 (-6.7%) 1.44 386
    2018-05-01 $423,000 (6.0%) $556,441 (-23.0%) 1.41 438
    2018-06-01 $399,000 (-2.2%) $555,077 (-18.3%) 1.33 491
    2018-07-01 $395,000 (-1.2%) $548,786 (-12.1%) 1.32 491
    2018-08-01 $395,000 (1.0%) $545,156 (-3.1%) 1.32 510
    2018-09-01 $395,000 (1.4%) $541,457 (-6.1%) 1.31 508
    2018-10-01 $377,450 (-5.3%) $531,052 (-8.8%) 1.28 493
    2018-11-01 $384,500 (-3.6%) $532,036 (-7.3%) 1.30 474
    2018-12-01 $379,000 (-5.0%) $531,313 (-11.5%) 1.31 428
    2019-01-01 $376,625 (-11.4%) $526,483 (-17.1%) 1.30 375
    2019-02-01 $369,000 (-13.2%) $514,051 (-18.1%) 1.25 380
    2019-03-01 $376,607 (-11.4%) $528,396 (-13.8%) 1.23 377
    2019-04-01 $386,750 (-9.0%) $544,027 (-7.8%) 1.22 381
    2019-05-01 $397,000 (-6.2%) $548,403 (-1.4%) 1.24 399
    2019-06-01 $395,000 (-1.0%) $542,476 (-2.3%) 1.23 432
    2019-07-01 $389,700 (-1.3%) $542,961 (-1.1%) 1.22 444
    2019-08-01 $384,145 (-2.8%) $539,691 (-1.0%) 1.22 440
    2019-09-01 $376,189 (-4.8%) $528,673 (-2.4%) 1.20 420
    2019-10-01 $370,000 (-2.0%) $515,897 (-2.9%) 1.19 400
    2019-11-01 $368,932 (-4.1%) $503,729 (-5.3%) 1.21 364
    2019-12-01 $361,000 (-4.8%) $504,468 (-5.1%) 1.20 323
    2020-01-01 $354,500 (-5.9%) $486,348 (-7.6%) 1.18 286
    2020-02-01 $350,000 (-5.2%) $507,420 (-1.3%) 1.15 265
    2020-03-01 $352,500 (-6.4%) $499,384 (-5.5%) 1.11 274
    2020-04-01 $359,000 (-7.2%) $494,779 (-9.1%) 1.13 271
    2020-05-01 $355,000 (-10.6%) $485,170 (-11.5%) 1.09 270
    2020-06-01 $377,500 (-4.4%) $580,613 (7.0%) 1.11 236
    2020-07-01 $379,000 (-2.8%) $621,895 (14.5%) 1.10 218
    2020-08-01 $399,000 (3.9%) $640,566 (18.7%) 1.14 211
    2020-09-01 $399,125 (6.1%) $657,909 (24.5%) 1.14 189
    2020-10-01 $425,000 (14.9%) $682,253 (32.3%) 1.22 163
    2020-11-01 $420,750 (14.1%) $690,119 (37.0%) 1.23 172
    2020-12-01 $427,000 (18.3%) $685,028 (35.8%) 1.27 132
    2021-01-01 $425,000 (19.9%) $698,426 (43.6%) 1.27 115
    2021-02-01 $428,250 (22.4%) $771,500 (52.0%) 1.25 103
    2021-03-01 $427,450 (21.3%) $732,215 (46.6%) 1.21 110
    2021-04-01 $444,475 (23.8%) $704,625 (42.4%) 1.20 124
    2021-05-01 $429,900 (21.1%) $674,760 (39.1%) 1.14 133
    2021-06-01 $434,100 (15.0%) $710,684 (22.4%) 1.14 149
    2021-07-01 $449,000 (18.5%) $725,572 (16.7%) 1.18 158
    2021-08-01 $449,750 (12.7%) $724,320 (13.1%) 1.20 175
    2021-09-01 $470,475 (17.9%) $753,658 (14.6%) 1.25 165
    2021-10-01 $493,000 (16.0%) $776,367 (13.8%) 1.31 168
    2021-11-01 $519,500 (23.5%) $819,265 (18.7%) 1.39 169
    2021-12-01 $499,000 (16.9%) $775,383 (13.2%) 1.35 171
    2022-01-01 $519,000 (22.1%) $833,508 (19.3%) 1.40 158
    2022-02-01 $524,500 (22.5%) $834,024 (8.1%) 1.36 164
    2022-03-01 $544,750 (27.4%) $803,673 (9.8%) 1.36 175
    2022-04-01 $549,500 (23.6%) $812,289 (15.3%) 1.31 188
    2022-05-01 $539,375 (25.5%) $789,481 (17.0%) 1.23 234
    2022-06-01 $532,484 (22.7%) $755,962 (6.4%) 1.19 275
    2022-07-01 $499,000 (11.1%) $679,627 (-6.3%) 1.12 329
    2022-08-01 $498,000 (10.7%) $667,642 (-7.8%) 1.15 324
    2022-09-01 $499,500 (6.2%) $663,296 (-12.0%) 1.17 325
    2022-10-01 $495,000 (0.4%) $646,637 (-16.7%) 1.16 341
    2022-11-01 $486,500 (-6.4%) $637,263 (-22.2%) 1.17 332
    2022-12-01 $489,000 (-2.0%) $641,715 (-17.2%) 1.21 317
    2023-01-01 $478,000 (-7.9%) $627,962 (-24.7%) 1.19 272
    2023-02-01 $468,725 (-10.6%) $616,553 (-26.1%) 1.13 263
    2023-03-01 $480,975 (-11.7%) $637,436 (-20.7%) 1.13 254
    2023-04-01 $499,000 (-9.2%) $644,477 (-20.7%) 1.16 252
    2023-05-01 $499,500 (-7.4%) $654,365 (-17.1%) 1.13 274
    2023-06-01 $489,450 (-8.1%) $621,925 (-17.7%) 1.10 321
    2023-07-01 $489,000 (-2.0%) $619,618 (-8.8%) 1.11 346
    2023-08-01 $492,450 (-1.1%) $624,764 (-6.4%) 1.13 345
    2023-09-01 $475,000 (-4.9%) $622,327 (-6.2%) 1.11 361
    2023-10-01 $475,000 (-4.0%) $611,533 (-5.4%) 1.12 377
    2023-11-01 $466,750 (-4.1%) $600,455 (-5.8%) 1.11 346
    2023-12-01 $460,000 (-5.9%) $569,235 (-11.3%) 0.00 327
    2024-01-01 $441,012 (-7.7%) $549,597 (-12.5%) 0.00 306
    2024-02-01 $462,225 (-1.4%) $548,972 (-11.0%) 0.00 295
    2024-03-01 $475,000 (-1.2%) $553,601 (-13.2%) 0.00 310
    2024-04-01 $470,000 (-5.8%) $561,945 (-12.8%) 0.00 331
    2024-05-01 $494,100 (-1.1%) $573,929 (-12.3%) 0.00 375
    2024-06-01 $499,000 (2.0%) $591,753 (-4.9%) 0.00 417
    2024-07-01 $498,500 (1.9%) $584,783 (-5.6%) 0.00 458
    2024-08-01 $492,500 (0.0%) $579,405 (-7.3%) 0.00 453
    2024-09-01 $489,000 (3.0%) $570,499 (-8.3%) 0.00 453
    2024-10-01 $479,000 (0.8%) $572,197 (-6.4%) 0.00 450
    Eureka's median listing price for 2024-10-01 was $479,000, a difference of $4,000 (0.8%) versus the prior year and $-10,000 versus the prior month.

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

    Eureka's average listing price for 2024-10-01 was $572,197, a difference of $-39,336 (-6.4%) versus the prior year and $1,698 versus the prior month.

    For the 2024-10-01 period, Eureka had 450 MLS listings, a difference of -3 listings (-1%) versus the prior month and 73 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Eureka (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 78 days 1,554 sqft
    2018-02-01 77 days 1,554 sqft
    2018-03-01 69 days 1,559 sqft
    2018-04-01 68 days 1,585 sqft
    2018-05-01 59 days 1,573 sqft
    2018-06-01 61 days 1,579 sqft
    2018-07-01 71 days 1,600 sqft
    2018-08-01 74 days 1,607 sqft
    2018-09-01 83 days 1,604 sqft
    2018-10-01 83 days 1,590 sqft
    2018-11-01 87 days 1,597 sqft
    2018-12-01 88 days 1,598 sqft
    2019-01-01 89 days 1,580 sqft
    2019-02-01 90 days 1,530 sqft
    2019-03-01 79 days 1,559 sqft
    2019-04-01 60 days 1,600 sqft
    2019-05-01 52 days 1,618 sqft
    2019-06-01 53 days 1,600 sqft
    2019-07-01 66 days 1,630 sqft
    2019-08-01 70 days 1,590 sqft
    2019-09-01 75 days 1,569 sqft
    2019-10-01 77 days 1,554 sqft
    2019-11-01 83 days 1,554 sqft
    2019-12-01 88 days 1,540 sqft
    2020-01-01 81 days 1,495 sqft
    2020-02-01 71 days 1,500 sqft
    2020-03-01 56 days 1,506 sqft
    2020-04-01 66 days 1,568 sqft
    2020-05-01 67 days 1,550 sqft
    2020-06-01 63 days 1,593 sqft
    2020-07-01 45 days 1,632 sqft
    2020-08-01 38 days 1,652 sqft
    2020-09-01 38 days 1,649 sqft
    2020-10-01 49 days 1,782 sqft
    2020-11-01 39 days 1,690 sqft
    2020-12-01 59 days 1,680 sqft
    2021-01-01 61 days 1,624 sqft
    2021-02-01 34 days 1,659 sqft
    2021-03-01 19 days 1,680 sqft
    2021-04-01 19 days 1,631 sqft
    2021-05-01 22 days 1,600 sqft
    2021-06-01 21 days 1,546 sqft
    2021-07-01 30 days 1,515 sqft
    2021-08-01 30 days 1,461 sqft
    2021-09-01 31 days 1,500 sqft
    2021-10-01 31 days 1,540 sqft
    2021-11-01 41 days 1,553 sqft
    2021-12-01 59 days 1,500 sqft
    2022-01-01 73 days 1,540 sqft
    2022-02-01 65 days 1,595 sqft
    2022-03-01 46 days 1,591 sqft
    2022-04-01 43 days 1,600 sqft
    2022-05-01 41 days 1,593 sqft
    2022-06-01 42 days 1,600 sqft
    2022-07-01 43 days 1,533 sqft
    2022-08-01 52 days 1,513 sqft
    2022-09-01 64 days 1,546 sqft
    2022-10-01 66 days 1,513 sqft
    2022-11-01 73 days 1,536 sqft
    2022-12-01 88 days 1,515 sqft
    2023-01-01 98 days 1,507 sqft
    2023-02-01 96 days 1,518 sqft
    2023-03-01 91 days 1,524 sqft
    2023-04-01 72 days 1,500 sqft
    2023-05-01 57 days 1,524 sqft
    2023-06-01 45 days 1,568 sqft
    2023-07-01 52 days 1,600 sqft
    2023-08-01 66 days 1,648 sqft
    2023-09-01 64 days 1,600 sqft
    2023-10-01 68 days 1,600 sqft
    2023-11-01 73 days 1,578 sqft
    2023-12-01 0 days 1,547 sqft
    2024-01-01 0 days 1,500 sqft
    2024-02-01 0 days 1,506 sqft
    2024-03-01 0 days 1,500 sqft
    2024-04-01 0 days 1,500 sqft
    2024-05-01 0 days 1,542 sqft
    2024-06-01 0 days 1,539 sqft
    2024-07-01 0 days 1,517 sqft
    2024-08-01 0 days 1,516 sqft
    2024-09-01 0 days 1,562 sqft
    2024-10-01 0 days 1,560 sqft
    Eureka's median listing age (time on market) for 2024-10-01 was 0 days. This is -100% shorter than the same period one year ago.

    Eureka's median square footage for active listings during the 2024-10-01 period was 1,560 sqft. One year prior, the average listing was 1,600 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.