Arcata

Home Loans

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Arcata Home Loans.

Whether you are a first time home buyer or trading up to a larger home in Arcata, we work to find the best home loan solution for you. Constantly surveying the hundreds of mortgage lenders as well as anonymously testing their staff, we are always aware of the conditions of the home loan market as well as the lenders involved in it.

Best Lender For Arcata Home Loans

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders. When searching for a mortgage lender in Arcata, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify. At the top of our list right now is ING DIRECT Orange Mortgage. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications.

Arcata California Overview & Statistics

Arcata Overview

As of 2007, Arcata's population is 16,888 people. Since 2000, it has had a population growth of 1.42 percent.

The median home cost in Arcata is $414,900. Home appreciation the last year has been 2.18 percent.

Compared to the rest of the country, Arcata's cost of living is 17.84% Higher than the U.S. average.

Arcata public schools spend $5,082 per student. The average school expenditure in the U.S. is $6,058. There are about 20 students per teacher in Arcata.

The unemployment rate in Arcata is 5.30 percent(U.S. avg. is 4.60%). Recent job growth is Positive. Arcata jobs have Increased by 1.41 percent.

Arcata Climate

Arcata, CA, gets 39 inches of rain per year. The US average is 37. Snowfall is 0 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 120.

On average, there are 175 sunny days per year in Arcata, CA. The July high is around 62 degrees. The January low is 42. Our comfort index, which is based on humidity during the hot months, is a 84 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Arcata Housing

The median home value in Arcata, CA, is $414,900. Home appreciation is 2.18% over the last year. The median age of Arcata, CA, real estate is 32 years.

Arcata, CA Apartments and Rentals

Renters make up 60.45% of the Arcata, CA, population. 3.04% of houses and apartments in Arcata, CA, are unoccupied (vacancy rate).

Arcata Crime

Arcata, CA, violent crime, on a scale from 1 (low crime) to 10, is 4. Violent crime is composed of four offenses: murder and nonnegligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

Arcata, CA, property crime, on a scale from 1 (low) to 10, is 5. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.