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 55 lenders originated 255 VA loans during 2021. The total origination value was $81,725,000, with an average VA loan value of $320,490.

    Eureka VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Eureka averaged 6.53% for the week of 2023-03-17, compared to the national average (all VA variants) of 6.138% for the same period.

    Eureka's average VA mortgage closing costs are $5,957.

    The average rate for the prior week (2023-03-10) was 6.61% and one month ago for the week of 2023-02-10, the average rate was 6.43%.

    The average rate one year ago was 4.23%.

    For refis of the same type during the week of 2023-03-17, the average rate was 6.37%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    CALIBER HOME LOANS, INC. 22 2.48% $7,853
    FREEDOM MORTGAGE CORPORATION 21 2.43% $2,328
    QUICKEN LOANS, LLC 16 2.41% $2,175
    UNITED WHOLESALE MORTGAGE, LLC 14 2.52% $3,718
    PENNYMAC LOAN SERVICES, LLC 13 2.27% $6,075
    Mortgage Research Center, LLC 13 2.81% $7,658
    FINANCE OF AMERICA MORTGAGE LLC 12 2.47% $3,425
    Umpqua Bank 9 2.50% $9,061
    LOANDEPOT.COM, LLC 6 2.29% $3,528
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 3.15% $7,840
    LAKEVIEW LOAN SERVICING, LLC 5 2.40% $3,382
    VILLAGE CAPITAL MORTGAGE 5 2.25% $3,505
    CLEARPATH LENDING 4 2.38% $4,457
    USAA Federal Savings Bank 4 3.22% $5,177
    NEW DAY FINANCIAL, LLC 4 2.94% $7,486
    NAVY FEDERAL CREDIT UNION 4 2.38% $3,874
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.50% $3,247
    SUMMIT FUNDING, INC. 3 2.62% $7,377
    Mr. Cooper ( Nationstar Mortgage ) 3 2.63% $4,371
    Wells Fargo Bank 3 2.67% $6,164
    InterContinental Capital Group, Inc 3 2.50% $3,275
    Florida Capital Bank 2 2.44% $14,054
    NP, Inc. 2 2.38% $5,649
    Carrington Mortgage Services, LLC 2 3.19% $4,096
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.75% $4,553
    PENTAGON FEDERAL CREDIT UNION 2 2.56% $9,472
    AMERICAN FINANCIAL NETWORK, INC. 2 2.94% $16,493
    The Federal Savings Bank 2 2.50% $9,378
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.25% $5,964
    Texana Bank 1 2.25% $3,401
    ACCELERATE MORTGAGE, LLC 1 2.25% $2,343
    Barrington Bank & Trust Company, N.A. 1 2.50% $8,469
    BROKER SOLUTIONS, INC. 1 2.25% $2,245
    COASTAL FUNDING SLC, INC. 1 3.00% $644
    Commerce Home Mortgage, Inc. 1 2.75% $3,576
    EMBRACE HOME LOANS, INC. 1 2.25% $1,123
    GUARANTEED RATE, INC. 1 2.50% $4,010
    HOME POINT FINANCIAL CORPORATION 1 2.25% $1,930
    HomePromise Corporation 1 3.25% $25,187
    LADERA LENDING, INC. 1 2.75% $2,760
    Lakeview Community Capital, LLC 1 2.38% $1,535
    LENDING 3, INC. 1 2.63% $11,667
    Magnolia Bank 1 2.25% $7,286
    MORTGAGEONE, INC. 1 2.38% $4,269
    MOVEMENT MORTGAGE, LLC 1 2.50% $2,570
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.25% $3,362
    NEWREZ LLC 1 2.25% $11,335
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 2.25% $964
    OCMBC, INC. 1 2.25% $2,579
    PLANET HOME LENDING, LLC 1 2.75% $2,667
    PLAZA HOME MORTGAGE, INC. 1 2.99% $16,500
    Prime Choice Funding Inc. 1 3.00% $19,759
    RANLIFE, INC. 1 2.88% $5,651
    SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $2,210
    ACADEMY MORTGAGE CORPORATION 1 2.75% $24,173

    The top Eureka VA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 22 VA loans originated. Their average total fees are $7,853, which is $5,525 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Eureka VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($2,175), FREEDOM MORTGAGE CORPORATION ($2,328), FINANCE OF AMERICA MORTGAGE LLC ($3,425), UNITED WHOLESALE MORTGAGE, LLC ($3,718) and PENNYMAC LOAN SERVICES, LLC ($6,075).

    The lowest rate Eureka VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.27%), QUICKEN LOANS, LLC (2.41%), FREEDOM MORTGAGE CORPORATION (2.43%), FINANCE OF AMERICA MORTGAGE LLC (2.47%) and CALIBER HOME LOANS, INC. (2.48%).

    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%) $633,125 (6.6%) 1.58 339
    2018-02-01 $425,000 (13.3%) $626,199 (-7.3%) 1.54 358
    2018-03-01 $425,000 (8.0%) $611,703 (-0.8%) 1.49 378
    2018-04-01 $425,000 (11.9%) $588,837 (-6.5%) 1.44 386
    2018-05-01 $421,000 (5.5%) $555,169 (-22.9%) 1.41 439
    2018-06-01 $399,000 (-0.9%) $553,938 (-17.9%) 1.33 492
    2018-07-01 $394,250 (-1.4%) $547,116 (-11.6%) 1.32 491
    2018-08-01 $395,000 (0.8%) $543,422 (-3.3%) 1.32 510
    2018-09-01 $389,900 (0.0%) $539,610 (-6.4%) 1.31 507
    2018-10-01 $377,250 (-5.3%) $529,419 (-8.9%) 1.27 492
    2018-11-01 $382,425 (-4.2%) $530,496 (-7.3%) 1.30 474
    2018-12-01 $379,000 (-5.0%) $529,875 (-11.5%) 1.31 427
    2019-01-01 $376,625 (-11.4%) $526,483 (-16.8%) 1.30 375
    2019-02-01 $369,000 (-13.2%) $514,051 (-17.9%) 1.25 380
    2019-03-01 $375,857 (-11.6%) $528,520 (-13.6%) 1.23 377
    2019-04-01 $385,875 (-9.2%) $544,616 (-7.5%) 1.23 381
    2019-05-01 $397,000 (-5.7%) $548,403 (-1.2%) 1.24 399
    2019-06-01 $395,000 (-1.0%) $542,476 (-2.1%) 1.23 432
    2019-07-01 $389,450 (-1.2%) $542,150 (-0.9%) 1.22 445
    2019-08-01 $383,818 (-2.8%) $538,868 (-0.8%) 1.21 441
    2019-09-01 $376,045 (-3.6%) $527,831 (-2.2%) 1.20 421
    2019-10-01 $370,000 (-1.9%) $515,039 (-2.7%) 1.19 401
    2019-11-01 $368,863 (-3.6%) $502,823 (-5.2%) 1.21 365
    2019-12-01 $360,463 (-4.9%) $503,476 (-5.0%) 1.20 324
    2020-01-01 $354,500 (-5.9%) $486,348 (-7.6%) 1.18 286
    2020-02-01 $350,000 (-5.2%) $506,868 (-1.4%) 1.14 266
    2020-03-01 $352,500 (-6.2%) $499,384 (-5.5%) 1.10 274
    2020-04-01 $360,475 (-6.6%) $495,289 (-9.1%) 1.13 270
    2020-05-01 $357,000 (-10.1%) $485,619 (-11.5%) 1.09 269
    2020-06-01 $377,500 (-4.4%) $581,452 (7.2%) 1.11 235
    2020-07-01 $379,000 (-2.7%) $622,921 (14.9%) 1.10 217
    2020-08-01 $399,250 (4.0%) $641,777 (19.1%) 1.14 210
    2020-09-01 $399,375 (6.2%) $659,244 (24.9%) 1.14 188
    2020-10-01 $425,000 (14.9%) $684,059 (32.8%) 1.22 162
    2020-11-01 $422,225 (14.5%) $691,846 (37.6%) 1.23 171
    2020-12-01 $428,225 (18.8%) $685,903 (36.2%) 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 (52.2%) 1.24 103
    2021-03-01 $427,450 (21.3%) $732,215 (46.6%) 1.21 110
    2021-04-01 $444,475 (23.3%) $704,625 (42.3%) 1.20 124
    2021-05-01 $429,900 (20.4%) $674,760 (39.0%) 1.13 133
    2021-06-01 $434,100 (15.0%) $710,684 (22.2%) 1.14 149
    2021-07-01 $449,000 (18.5%) $725,572 (16.5%) 1.18 158
    2021-08-01 $449,750 (12.7%) $724,320 (12.9%) 1.19 175
    2021-09-01 $470,475 (17.8%) $753,658 (14.3%) 1.25 165
    2021-10-01 $493,000 (16.0%) $776,367 (13.5%) 1.31 168
    2021-11-01 $519,500 (23.0%) $819,265 (18.4%) 1.39 169
    2021-12-01 $499,000 (16.5%) $775,383 (13.1%) 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 $539,609 (25.5%) $791,898 (17.4%) 1.23 233
    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%) 1.16 325
    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%) 1.18 272
    2023-02-01 $468,725 (-10.6%) $616,553 (-26.1%) 1.13 263
    Eureka's median listing price for 2023-02-01 was $468,725, a difference of $-55,775 (-10.6%) versus the prior year and $-9,275 versus the prior month.

    Eureka's median listing price comes in at 113% of the national average.

    Eureka's average listing price for 2023-02-01 was $616,553, a difference of $-217,471 (-26.1%) versus the prior year and $-11,409 versus the prior month.

    For the 2023-02-01 period, Eureka had 263 MLS listings, a difference of -9 listings (-3%) versus the prior month and 99 listings (60%) 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 80 days 1,552 sqft
    2018-02-01 79 days 1,553 sqft
    2018-03-01 70 days 1,556 sqft
    2018-04-01 70 days 1,583 sqft
    2018-05-01 62 days 1,566 sqft
    2018-06-01 66 days 1,571 sqft
    2018-07-01 75 days 1,593 sqft
    2018-08-01 80 days 1,602 sqft
    2018-09-01 90 days 1,600 sqft
    2018-10-01 91 days 1,583 sqft
    2018-11-01 96 days 1,594 sqft
    2018-12-01 98 days 1,597 sqft
    2019-01-01 96 days 1,580 sqft
    2019-02-01 97 days 1,530 sqft
    2019-03-01 86 days 1,559 sqft
    2019-04-01 70 days 1,600 sqft
    2019-05-01 60 days 1,618 sqft
    2019-06-01 60 days 1,600 sqft
    2019-07-01 70 days 1,629 sqft
    2019-08-01 77 days 1,587 sqft
    2019-09-01 82 days 1,567 sqft
    2019-10-01 85 days 1,553 sqft
    2019-11-01 94 days 1,553 sqft
    2019-12-01 98 days 1,538 sqft
    2020-01-01 87 days 1,495 sqft
    2020-02-01 82 days 1,500 sqft
    2020-03-01 59 days 1,506 sqft
    2020-04-01 73 days 1,574 sqft
    2020-05-01 70 days 1,550 sqft
    2020-06-01 71 days 1,597 sqft
    2020-07-01 53 days 1,639 sqft
    2020-08-01 44 days 1,658 sqft
    2020-09-01 40 days 1,651 sqft
    2020-10-01 50 days 1,789 sqft
    2020-11-01 44 days 1,697 sqft
    2020-12-01 63 days 1,682 sqft
    2021-01-01 71 days 1,624 sqft
    2021-02-01 43 days 1,659 sqft
    2021-03-01 21 days 1,680 sqft
    2021-04-01 20 days 1,631 sqft
    2021-05-01 23 days 1,600 sqft
    2021-06-01 21 days 1,546 sqft
    2021-07-01 31 days 1,515 sqft
    2021-08-01 32 days 1,461 sqft
    2021-09-01 32 days 1,500 sqft
    2021-10-01 32 days 1,540 sqft
    2021-11-01 41 days 1,553 sqft
    2021-12-01 62 days 1,500 sqft
    2022-01-01 75 days 1,540 sqft
    2022-02-01 66 days 1,595 sqft
    2022-03-01 50 days 1,591 sqft
    2022-04-01 45 days 1,600 sqft
    2022-05-01 44 days 1,594 sqft
    2022-06-01 44 days 1,600 sqft
    2022-07-01 45 days 1,533 sqft
    2022-08-01 54 days 1,513 sqft
    2022-09-01 68 days 1,546 sqft
    2022-10-01 68 days 1,513 sqft
    2022-11-01 75 days 1,537 sqft
    2022-12-01 92 days 1,515 sqft
    2023-01-01 102 days 1,507 sqft
    2023-02-01 101 days 1,518 sqft
    Eureka's median listing age (time on market) for 2023-02-01 was 101 days. This is 52% longer than the same period one year ago.

    Eureka's median square footage for active listings during the 2023-02-01 period was 1,518 sqft. One year prior, the average listing was 1,595 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.