Eureka VA Loan Rates, Closing Costs & Stats
Eureka-Arcata, CA
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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.