Lakeland FHA Loan Rates, Closing Costs & Stats

LAKELAND-WINTER HAVEN, FL

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Lakeland's 239 lenders originated 7,511 FHA loans during 2024. The total origination value was $2,267,435,000, with an average FHA loan value of $301,882.

Lakeland FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Lakeland averaged 5.82% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

Lakeland's average FHA mortgage closing costs are $10,020.

The average rate for the prior week (2025-03-28) was 5.91% and one month ago for the week of 2025-02-28, the average rate was 6.2%.

The average rate one year ago was 6.12%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.17%.

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

Lakeland FHA Loan Lenders by Rates & Fees

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

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 867 6.21% $13,956
DHI MORTGAGE COMPANY, LTD. 777 5.08% $9,208
EAGLE HOME MORTGAGE, LLC 441 4.93% $10,918
LOANDEPOT.COM, LLC 306 5.59% $12,419
QUICKEN LOANS, LLC 271 6.19% $13,220
BROKER SOLUTIONS, INC. 221 6.49% $16,759
FREEDOM MORTGAGE CORPORATION 186 6.32% $12,916
VANDERBILT MORTGAGE AND FINANCE, INC. 169 5.18% $13,039
HOMEAMERICAN MORTGAGE CORPORATION 168 4.94% $6,323
CROSSCOUNTRY MORTGAGE, LLC 161 5.97% $14,940
GARDNER FINANCIAL SERVICES, LTD. 149 6.52% $12,162
NFM, INC. 144 5.39% $13,422
HOME SOLUTION LENDERS INC. 132 5.85% $20,009
FBC MORTGAGE, LLC 124 6.09% $13,572
Plains Commerce Bank 124 6.26% $14,457
NVR Mortgage Finance, Inc. 121 6.03% $9,889
PULTE MORTGAGE LLC 115 4.80% $8,153
South Pacific Financial Corporation 94 4.93% $9,440
Equity Prime Mortgage LLC 91 6.53% $12,904
PENNYMAC LOAN SERVICES, LLC 91 6.11% $12,103
CMG MORTGAGE, INC. 89 5.54% $15,866
NEWREZ LLC 89 6.22% $13,501
KBHS HOME LOANS, LLC 82 5.76% $12,256
GUARANTEED RATE, INC. 79 5.36% $15,334
First Heritage Mortgage, LLC 73 5.17% $13,200
STOCKTON MORTGAGE CORPORATION 64 6.54% $12,524
Paramount Residential Mortgage Group, Inc. 60 6.41% $14,889
GUILD MORTGAGE COMPANY 57 6.53% $11,917
CARDINAL FINANCIAL 56 5.97% $15,135
INSPIRE HOME LOANS INC. 55 4.96% $9,876
MOVEMENT MORTGAGE, LLC 49 6.62% $12,396
Flagstar Bank, FSB 48 6.31% $12,685
EVERETT FINANCIAL, INC. 47 6.77% $12,376
AMERICAN FINANCIAL NETWORK, INC. 46 6.76% $14,867
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 45 6.57% $11,869
PARK SQUARE HOME MORTGAGE, LLC 40 5.17% $12,160
Waterstone Mortgage Corporation 39 6.53% $17,170
South State Bank 31 6.07% $11,135
HOMESIDE FINANCIAL, LLC 29 6.35% $13,840
THE MORTGAGE FIRM, INC. 29 6.62% $10,950
Mr. Cooper ( Nationstar Mortgage ) 25 6.58% $13,942
MID AMERICA MORTGAGE, INC. 24 7.04% $8,232
Residential Acceptance Corporation 24 7.06% $13,589
Lakeview Community Capital, LLC 23 6.31% $8,802
ALKAN MORTGAGE CORPORATION 23 6.40% $13,516
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 22 6.48% $16,587
HOMESPIRE MORTGAGE CORPORATION 21 6.37% $15,041
UNION HOME MORTGAGE CORP. 21 6.15% $14,810
Century Mortgage Company DBA Century Lending Company 20 6.06% $13,227
Cornerstone First Mortgage, Inc 20 6.47% $13,351
LAKEVIEW LOAN SERVICING, LLC 19 6.36% $9,788
PLANET HOME LENDING, LLC 19 6.36% $11,918
Carrington Mortgage Services, LLC 19 6.50% $14,864
GENEVA FINANCIAL, LLC 18 6.57% $15,700
SUN WEST MORTGAGE COMPANY, INC. 18 6.24% $13,397
JET HOMELOANS, LLC 17 5.36% $12,488
AMERICAN PACIFIC MORTGAGE CORPORATION 16 6.42% $16,438
VILLAGE CAPITAL MORTGAGE 16 6.54% $8,128
MUTUAL OF OMAHA MORTGAGE, INC. 15 6.13% $15,156
BM Real Estate Services, Inc. 15 5.73% $15,692
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 15 6.37% $13,056
Ixonia Bank 14 6.85% $11,482
AMERISAVE MORTGAGE CORPORATION 14 6.15% $16,781
The Loan Store, Inc. 13 6.01% $14,042
PLAZA HOME MORTGAGE, INC. 12 6.65% $13,966
CANOPY MORTGAGE, LLC 12 6.57% $13,146
LOANPAL, LLC 12 5.81% $12,413
MY MORTGAGE, INC. 11 6.56% $14,078
GERSHMAN INVESTMENT CORP. 11 6.64% $10,308
T2 FINANCIAL LLC 10 6.86% $13,049
AMERICAN FINANCIAL RESOURCES, INC. 10 6.40% $11,891
SECURITYNATIONAL MORTGAGE COMPANY 10 6.51% $16,507
OCMBC, INC. 10 6.85% $17,361
GUARANTEED RATE AFFINITY, LLC 10 6.11% $12,075
ZILLOW HOME LOANS, LLC 10 6.50% $11,657
Mortgage Lenders Investment Trading Corporation 9 6.67% $10,974
Midwest Mortgage Associates Corporation 9 6.36% $9,281
Regions Bank 9 5.85% $14,239
GEO-CORP, INC. 9 6.93% $17,116
EMBRACE HOME LOANS, INC. 9 6.43% $13,639
DAS Acquisition Company, LLC 9 6.85% $11,193
JMAC LENDING, INC. 8 6.28% $15,925
Hometown Equity Mortgage, LLC 8 6.42% $12,787
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.55% $13,836
BAY EQUITY LLC 7 6.30% $13,304
City Lending Inc. 7 6.20% $14,299
MICHIGAN MUTUAL, INC. 7 6.02% $14,750
Nations Lending Corporation 7 6.91% $13,374
City National Bank of Florida 7 5.82% $16,745
INTELLILOAN, INC. 6 5.77% $5,756
UNITED MORTGAGE CORP 6 6.90% $15,614
Acre Mortgage and Financial Inc 6 6.88% $16,589
EMM LOANS LLC 6 6.23% $15,243
PREFERRED LENDING SERVICES, LLC 6 6.40% $11,976
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.10% $11,807
American Mortgage Bank, LLC 6 5.98% $16,395
TOWNE MORTGAGE COMPANY 6 6.46% $10,535
NATIONWIDE MORTGAGE BANKERS, INC. 5 7.25% $15,910
MORTGAGE SOLUTIONS OF COLORADO, LLC 5 6.95% $15,194
PREMIER MORTGAGE RESOURCES, L.L.C. 5 6.32% $15,714
MORTGAGE EQUITY PARTNERS LLC 5 6.70% $16,745
Sierra Pacific Mortgage Company, Inc. 5 6.20% $13,690
VELOCIO MORTGAGE L.L.C. 5 5.24% $12,127
Keystone Funding, Inc. 5 5.90% $15,191
Alcova Mortgage LLC 5 7.10% $5,257
NJ LENDERS CORP. 5 6.38% $12,304
JPMorgan Chase Bank 4 6.56% $9,601
AMERITRUST MORTGAGE CORPORATION 4 6.81% $16,073
BECKAM FUNDING CORP. 4 6.88% $19,943
FIRST COMMUNITY MORTGAGE, INC. 4 6.69% $13,156
First Option Mortgage, LLC 4 6.69% $14,563
Loan Simple, Inc. 4 7.00% $16,059
M/I FINANCIAL, LLC 4 5.69% $22,210
PENTAGON FEDERAL CREDIT UNION 4 6.22% $12,148
Synovus Bank 4 6.56% $9,319
Truist 4 6.31% $8,918
DG PINNACLE FUNDING LLC 3 7.25% $13,426
EQUITY RESOURCES, INC. 3 7.04% $8,908
MILEND, INC. 3 5.83% $17,553
AMERICAN BANCSHARES MORTGAGE 3 6.25% $14,115
ABSOLUTE HOME MORTGAGE CORPORATION 3 6.67% $13,144
TOTAL MORTGAGE SERVICES, LLC 3 6.75% $11,168
AMERICAN FINANCING CORPORATION 3 5.62% $12,243
The Federal Savings Bank 3 6.88% $11,148
HOMEOWNERS FINANCIAL GROUP USA, LLC 3 6.42% $12,545
American Mortgage & Equity Consultants, Inc. 3 6.83% $13,484
LEADERONE FINANCIAL CORPORATION 3 6.62% $8,975
SUCCESS MORTGAGE PARTNERS, INC. 3 6.00% $15,751
FIRST MORTGAGE COMPANY, INC. 3 6.25% $16,646
AmeriHome Mortgage Company, LLC 3 6.50% $14,833
WATSON MORTGAGE CORP. 3 6.92% $13,951
CHURCHILL MORTGAGE CORPORATION 3 6.71% $13,809
VAN DYK MORTGAGE CORPORATION 3 6.83% $12,085
OPEN MORTGAGE, LLC 3 6.71% $13,444
Commerce Home Mortgage, Inc. 3 6.79% $14,371
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $9,916
GTE Federal Credit Union 2 6.44% $8,006
Gateway First Bank 2 6.75% $12,506
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 2 6.56% $14,125
FIRST ALLIANCE HOME MORTGAGE, LLC 2 6.00% $15,782
MLB RESIDENTIAL LENDING, LLC 2 5.81% $10,824
Mortgage Research Center, LLC 2 6.50% $7,303
ENVOY MORTGAGE, LTD 2 7.00% $11,370
NATIONS DIRECT MORTGAGE, LLC 2 7.13% $12,874
NEW DAY FINANCIAL, LLC 2 7.46% $11,552
COUNTRYPLACE MORTGAGE, LTD. 2 4.75% $15,746
OCEANSIDE MORTGAGE COMPANY 2 6.25% $2,896
CityWorth Mortgage LLC 2 5.81% $18,479
BOND STREET MORTGAGE, LLC 2 6.94% $12,518
PREMIER LENDING, INC. 2 7.00% $11,422
Premium Mortgage Corporation 2 7.88% $15,344
Prosperity Home Mortgage, LLC 2 6.75% $9,371
READY MORTGAGE LENDERS, LLC 2 7.38% $17,791
Bank of America 2 6.75% $13,015
ROYAL UNITED MORTGAGE LLC 2 6.63% $15,274
SeaTrust Mortgage Company 2 6.56% $12,444
AXIA FINANCIAL, LLC 2 6.75% $11,589
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.63% $10,708
SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 6.50% $14,680
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 6.63% $10,441
TIDEWATER MORTGAGE SERVICES, INC. 2 6.69% $10,005
TOP FLITE FINANCIAL, INC. 2 7.00% $14,659
ALLIED MORTGAGE GROUP, INC. 2 6.38% $14,563
AHL FUNDING 2 6.63% $14,221
Advisors Mortgage Group, L.L.C. 2 6.50% $12,753
A&D Mortgage LLC 2 6.94% $11,993
ACOPIA, LLC 2 6.13% $18,002
VERITAS FUNDING, LLC 2 6.50% $16,892
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.31% $21,614
METROPLEX MORTGAGE SERVICES, INC. 1 5.99% $13,888
The Dart Bank 1 6.75% $7,853
CLIFFCO, INC. 1 6.25% $16,083
ON Q FINANCIAL, INC. 1 6.25% $12,991
MEMBER FIRST MORTGAGE, LLC 1 6.25% $10,076
LAKE MICHIGAN CREDIT UNION 1 6.00% $9,888
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $11,338
ACHIEVA CREDIT UNION 1 6.50% $12,054
First Horizon Bank 1 6.75% $9,992
Performance Financial, Inc. 1 5.88% $10,017
PHH Mortgage Corporation 1 5.63% $14,764
Centennial Bank 1 7.25% $6,962
Capital Bank 1 7.25% $6,731
CALCON MUTUAL MORTGAGE LLC 1 7.63% $10,035
PNC Bank 1 6.63% $7,729
POINT Mortgage 1 6.75% $13,011
LADERA LENDING, INC. 1 5.75% $14,677
PREMIA MORTGAGE, LLC 1 5.50% $17,573
THE MONEY HOUSE INC. 1 5.63% $22,042
BETTER MORTGAGE CORPORATION 1 6.50% $8,052
AMERICAN FEDERAL MORTGAGE CORPORATION 1 6.13% $8,614
Preston Home Loans Inc 1 6.63% $14,550
Bell Bank 1 5.63% $11,985
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $11,577
HOMEXPRESS MORTGAGE CORP. 1 7.13% $9,202
BELEM SERVICING LLC 1 6.25% $13,670
Bank of England 1 6.75% $10,279
1ST 2ND MORTGAGE COMPANY OF N.J., INC. 1 5.62% $12,559
GMFS LLC 1 6.13% $8,503
BancorpSouth 1 6.63% $6,435
GSF Mortgage Corporation 1 7.13% $7,814
1ST FINANCIAL, INC. 1 6.50% $14,033
Home Mortgage Alliance Corp 1 6.25% $16,782
SFMC, LP 1 7.25% $11,124
United Community Bank 1 6.25% $10,255
INTERSTATE HOME LOAN CENTER, INC. 1 6.75% $16,383
AmRes Corporation 1 6.75% $16,732
SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.50% $13,454
Ameris Bank 1 5.75% $9,671
LOANLEADERS OF AMERICA, INC. 1 5.63% $17,027
LIBERTY HOME MORTGAGE CORPORATION 1 7.50% $12,449
Mid-Continent Funding, Inc. 1 7.13% $6,558
SUMMIT FUNDING, INC. 1 6.63% $9,885
MLD MORTGAGE INC. 1 5.38% $24,598
MORTGAGE ACCESS CORP. 1 5.25% $12,122
Fifth Third Bank 1 6.50% $9,328
MORTGAGE INVESTORS GROUP, INC. 1 5.25% $12,802
FAIRWAY FUNDING GROUP, INC. 1 6.75% $10,996
MORTGAGEONE, INC. 1 5.75% $17,615
Summit Mortgage Corporation 1 6.25% $10,583
First-Citizens Bank & Trust Company 1 5.88% $11,814
GVC MORTGAGE, INC. 1 5.50% $21,440
ENDEAVOR CAPITAL, LLC. 1 6.25% $6,532
MSA MORTGAGE, LLC 1 6.50% $8,317
DIRECT MORTGAGE LOANS, LLC 1 6.75% $14,741
FIRST COLONY MORTGAGE CORPORATION 1 6.75% $5,376
Wells Fargo Bank 1 6.75% $14,204
DELMAR FINANCIAL COMPANY 1 6.50% $9,607
NATIONS RELIABLE LENDING, LLC 1 6.49% $10,797
Credence Funding Corporation 1 6.75% $7,772
NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $28,289
First Palmetto Bank 1 6.63% $9,030
TD Bank 1 6.63% $9,754
NEXERA HOLDING LLC 1 5.25% $12,235
CONTOUR MORTGAGE CORPORATION 1 6.63% $20,758
COMMUNITY CREDIT UNION OF FLORIDA 1 6.38% $5,748
Northpointe Bank 1 6.75% $10,889
NORTHPOINT MORTGAGE, INC. 1 7.75% $10,422
NORWICH COMMERCIAL GROUP, INC. 1 6.63% $16,037
NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.75% $7,285

The top Lakeland FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 867 FHA loans originated. Their average total fees are $13,956, which is $4,748 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Lakeland FHA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($6,323), VILLAGE CAPITAL MORTGAGE ($8,128), PULTE MORTGAGE LLC ($8,153), MID AMERICA MORTGAGE, INC. ($8,232) and Lakeview Community Capital, LLC ($8,802).

The lowest rate Lakeland FHA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC (4.80%), South Pacific Financial Corporation (4.93%), EAGLE HOME MORTGAGE, LLC (4.93%), HOMEAMERICAN MORTGAGE CORPORATION (4.94%) and INSPIRE HOME LOANS INC. (4.96%).

Lakeland FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
LAKELAND-WINTER HAVEN, FL POLK 2022 $420,680 $538,650 $651,050 $809,150
LAKELAND-WINTER HAVEN, FL POLK 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Lakeland (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 $219,000 (9.6%) $258,648 (8.0%) 0.81 2,627
2018-02-01 $219,900 (7.7%) $259,695 (6.9%) 0.80 2,647
2018-03-01 $222,825 (8.8%) $263,192 (7.6%) 0.78 2,578
2018-04-01 $224,950 (7.1%) $273,636 (9.4%) 0.76 2,502
2018-05-01 $224,950 (4.7%) $275,616 (9.4%) 0.75 2,519
2018-06-01 $225,000 (3.9%) $275,270 (7.5%) 0.75 2,535
2018-07-01 $228,375 (4.8%) $278,348 (7.9%) 0.76 2,534
2018-08-01 $227,425 (3.6%) $276,628 (7.0%) 0.76 2,663
2018-09-01 $225,000 (2.5%) $272,464 (5.3%) 0.76 2,803
2018-10-01 $224,900 (2.5%) $271,597 (4.3%) 0.76 2,887
2018-11-01 $223,950 (1.6%) $268,839 (2.6%) 0.76 3,048
2018-12-01 $224,000 (2.3%) $266,613 (3.4%) 0.77 3,041
2019-01-01 $222,138 (1.4%) $261,558 (1.1%) 0.77 3,193
2019-02-01 $224,450 (2.1%) $260,096 (0.2%) 0.76 3,320
2019-03-01 $224,999 (1.0%) $267,361 (1.6%) 0.74 3,197
2019-04-01 $225,000 (0.0%) $273,390 (-0.1%) 0.71 3,034
2019-05-01 $229,450 (2.0%) $276,703 (0.4%) 0.72 2,874
2019-06-01 $229,900 (2.2%) $282,162 (2.5%) 0.72 2,807
2019-07-01 $229,397 (0.5%) $286,624 (3.0%) 0.72 2,809
2019-08-01 $229,245 (0.8%) $286,482 (3.6%) 0.73 2,931
2019-09-01 $229,614 (2.1%) $280,384 (2.9%) 0.73 3,017
2019-10-01 $229,859 (2.2%) $276,220 (1.7%) 0.74 3,068
2019-11-01 $228,920 (2.2%) $273,506 (1.7%) 0.75 3,033
2019-12-01 $229,700 (2.5%) $271,642 (1.9%) 0.77 2,976
2020-01-01 $229,950 (3.5%) $273,618 (4.6%) 0.77 2,915
2020-02-01 $234,000 (4.3%) $278,296 (7.0%) 0.77 2,809
2020-03-01 $234,900 (4.4%) $281,322 (5.2%) 0.74 2,691
2020-04-01 $234,463 (4.2%) $272,964 (-0.2%) 0.73 2,873
2020-05-01 $234,490 (2.2%) $274,454 (-0.8%) 0.71 2,723
2020-06-01 $234,950 (2.2%) $274,532 (-2.7%) 0.69 2,453
2020-07-01 $235,250 (2.6%) $275,408 (-3.9%) 0.68 2,319
2020-08-01 $239,900 (4.7%) $284,268 (-0.8%) 0.69 2,078
2020-09-01 $243,605 (6.1%) $287,781 (2.6%) 0.70 2,003
2020-10-01 $245,000 (6.6%) $286,107 (3.6%) 0.70 2,020
2020-11-01 $245,860 (7.4%) $288,862 (5.6%) 0.72 2,052
2020-12-01 $249,695 (8.7%) $290,443 (6.9%) 0.74 1,928
2021-01-01 $252,195 (9.7%) $296,805 (8.5%) 0.75 1,659
2021-02-01 $252,335 (7.8%) $301,726 (8.4%) 0.73 1,358
2021-03-01 $256,950 (9.4%) $314,074 (11.6%) 0.73 1,047
2021-04-01 $264,950 (13.0%) $326,872 (19.8%) 0.72 883
2021-05-01 $274,900 (17.2%) $347,960 (26.8%) 0.73 776
2021-06-01 $283,960 (20.9%) $363,544 (32.4%) 0.75 808
2021-07-01 $285,000 (21.2%) $355,889 (29.2%) 0.75 1,011
2021-08-01 $296,475 (23.6%) $357,189 (25.7%) 0.79 1,082
2021-09-01 $307,500 (26.2%) $372,901 (29.6%) 0.82 1,095
2021-10-01 $319,900 (30.6%) $379,840 (32.8%) 0.85 1,126
2021-11-01 $317,000 (28.9%) $380,060 (31.6%) 0.85 1,105
2021-12-01 $327,450 (31.1%) $394,430 (35.8%) 0.89 1,043
2022-01-01 $325,000 (28.9%) $401,242 (35.2%) 0.88 937
2022-02-01 $331,033 (31.2%) $410,887 (36.2%) 0.86 859
2022-03-01 $342,900 (33.5%) $415,868 (32.4%) 0.86 888
2022-04-01 $350,000 (32.1%) $430,510 (31.7%) 0.83 933
2022-05-01 $364,805 (32.7%) $430,188 (23.6%) 0.83 1,267
2022-06-01 $369,990 (30.3%) $429,664 (18.2%) 0.82 1,593
2022-07-01 $365,000 (28.1%) $414,419 (16.5%) 0.82 2,177
2022-08-01 $364,000 (22.8%) $414,290 (16.0%) 0.84 2,564
2022-09-01 $359,999 (17.1%) $409,790 (9.9%) 0.84 2,743
2022-10-01 $359,900 (12.5%) $408,132 (7.5%) 0.85 2,817
2022-11-01 $351,350 (10.8%) $400,055 (5.3%) 0.84 3,101
2022-12-01 $349,900 (6.9%) $397,009 (0.7%) 0.86 3,071
2023-01-01 $349,000 (7.4%) $400,198 (-0.3%) 0.86 2,994
2023-02-01 $349,000 (5.4%) $400,838 (-2.5%) 0.84 2,897
2023-03-01 $349,950 (2.1%) $408,401 (-1.8%) 0.83 2,725
2023-04-01 $349,490 (-0.2%) $403,633 (-6.2%) 0.81 2,680
2023-05-01 $350,000 (-4.1%) $415,845 (-3.3%) 0.79 2,632
2023-06-01 $353,777 (-4.4%) $420,970 (-2.0%) 0.80 2,571
2023-07-01 $357,990 (-1.9%) $423,945 (2.3%) 0.81 2,561
2023-08-01 $359,495 (-1.2%) $426,195 (2.9%) 0.83 2,765
2023-09-01 $357,945 (-0.6%) $415,364 (1.4%) 0.83 3,005
2023-10-01 $355,000 (-1.4%) $415,794 (1.9%) 0.84 3,300
2023-11-01 $355,000 (1.0%) $421,292 (5.3%) 0.85 3,477
2023-12-01 $350,000 (0.0%) $419,404 (5.6%) 0.85 3,574
2024-01-01 $350,000 (0.3%) $418,006 (4.5%) 0.85 3,545
2024-02-01 $350,000 (0.3%) $414,103 (3.3%) 0.84 3,742
2024-03-01 $349,900 (0.0%) $409,606 (0.3%) 0.82 3,917
2024-04-01 $349,000 (-0.1%) $405,753 (0.5%) 0.81 4,028
2024-05-01 $349,000 (-0.3%) $404,860 (-2.6%) 0.79 4,116
2024-06-01 $349,900 (-1.1%) $405,510 (-3.7%) 0.80 4,296
2024-07-01 $349,250 (-2.4%) $405,228 (-4.4%) 0.80 4,425
2024-08-01 $345,000 (-4.0%) $401,209 (-5.9%) 0.80 4,544
2024-09-01 $347,711 (-2.9%) $401,076 (-3.4%) 0.82 4,732
2024-10-01 $344,947 (-2.8%) $396,905 (-4.5%) 0.81 4,825
2024-11-01 $342,995 (-3.4%) $392,094 (-6.9%) 0.82 4,913
2024-12-01 $343,147 (-2.0%) $390,957 (-6.8%) 0.85 4,835
2025-01-01 $340,570 (-2.7%) $388,832 (-7.0%) 0.85 4,866
2025-02-01 $340,000 (-2.9%) $388,365 (-6.2%) 0.83 5,057
2025-03-01 $339,000 (-3.1%) $385,832 (-5.8%) 0.00 5,149
Lakeland's median listing price for 2025-03-01 was $339,000, a difference of $-10,900 (-3.1%) versus the prior year and $-1,000 versus the prior month.

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

Lakeland's average listing price for 2025-03-01 was $385,832, a difference of $-23,774 (-5.8%) versus the prior year and $-2,533 versus the prior month.

For the 2025-03-01 period, Lakeland had 5,149 MLS listings, a difference of 92 listings (2%) versus the prior month and 1,232 listings (31%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lakeland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 68 days 1,884 sqft
2018-02-01 65 days 1,879 sqft
2018-03-01 58 days 1,882 sqft
2018-04-01 58 days 1,917 sqft
2018-05-01 58 days 1,910 sqft
2018-06-01 57 days 1,910 sqft
2018-07-01 58 days 1,916 sqft
2018-08-01 54 days 1,918 sqft
2018-09-01 55 days 1,883 sqft
2018-10-01 60 days 1,863 sqft
2018-11-01 59 days 1,859 sqft
2018-12-01 65 days 1,855 sqft
2019-01-01 68 days 1,848 sqft
2019-02-01 59 days 1,836 sqft
2019-03-01 56 days 1,847 sqft
2019-04-01 60 days 1,847 sqft
2019-05-01 63 days 1,854 sqft
2019-06-01 64 days 1,877 sqft
2019-07-01 61 days 1,856 sqft
2019-08-01 61 days 1,845 sqft
2019-09-01 62 days 1,836 sqft
2019-10-01 63 days 1,829 sqft
2019-11-01 60 days 1,828 sqft
2019-12-01 67 days 1,828 sqft
2020-01-01 69 days 1,828 sqft
2020-02-01 67 days 1,831 sqft
2020-03-01 57 days 1,836 sqft
2020-04-01 57 days 1,828 sqft
2020-05-01 68 days 1,828 sqft
2020-06-01 75 days 1,828 sqft
2020-07-01 64 days 1,817 sqft
2020-08-01 57 days 1,821 sqft
2020-09-01 53 days 1,814 sqft
2020-10-01 51 days 1,787 sqft
2020-11-01 49 days 1,803 sqft
2020-12-01 54 days 1,816 sqft
2021-01-01 61 days 1,813 sqft
2021-02-01 54 days 1,776 sqft
2021-03-01 44 days 1,806 sqft
2021-04-01 40 days 1,806 sqft
2021-05-01 38 days 1,798 sqft
2021-06-01 34 days 1,808 sqft
2021-07-01 33 days 1,798 sqft
2021-08-01 37 days 1,810 sqft
2021-09-01 37 days 1,807 sqft
2021-10-01 36 days 1,825 sqft
2021-11-01 38 days 1,805 sqft
2021-12-01 51 days 1,820 sqft
2022-01-01 43 days 1,814 sqft
2022-02-01 33 days 1,800 sqft
2022-03-01 32 days 1,778 sqft
2022-04-01 31 days 1,798 sqft
2022-05-01 28 days 1,822 sqft
2022-06-01 30 days 1,826 sqft
2022-07-01 33 days 1,820 sqft
2022-08-01 37 days 1,823 sqft
2022-09-01 44 days 1,827 sqft
2022-10-01 55 days 1,828 sqft
2022-11-01 61 days 1,820 sqft
2022-12-01 67 days 1,824 sqft
2023-01-01 71 days 1,824 sqft
2023-02-01 67 days 1,828 sqft
2023-03-01 56 days 1,831 sqft
2023-04-01 58 days 1,819 sqft
2023-05-01 54 days 1,828 sqft
2023-06-01 55 days 1,838 sqft
2023-07-01 54 days 1,851 sqft
2023-08-01 51 days 1,851 sqft
2023-09-01 53 days 1,835 sqft
2023-10-01 54 days 1,834 sqft
2023-11-01 57 days 1,829 sqft
2023-12-01 64 days 1,820 sqft
2024-01-01 73 days 1,818 sqft
2024-02-01 70 days 1,823 sqft
2024-03-01 59 days 1,817 sqft
2024-04-01 60 days 1,810 sqft
2024-05-01 60 days 1,811 sqft
2024-06-01 63 days 1,820 sqft
2024-07-01 65 days 1,820 sqft
2024-08-01 70 days 1,815 sqft
2024-09-01 71 days 1,811 sqft
2024-10-01 75 days 1,797 sqft
2024-11-01 80 days 1,811 sqft
2024-12-01 85 days 1,807 sqft
2025-01-01 85 days 1,808 sqft
2025-02-01 81 days 1,817 sqft
2025-03-01 0 days 1,805 sqft
Lakeland's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

Lakeland's median square footage for active listings during the 2025-03-01 period was 1,805 sqft. One year prior, the average listing was 1,817 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).