Ocala FHA Loans

OCALA, 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.

Ocala's 215 lenders originated 2,817 FHA loans during 2021. The total origination value was $517,565,000, with an average FHA loan value of $183,729.

Ocala FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Ocala averaged 5.29% for the week of 2022-05-20, compared to the national average (all FHA variants) of 5.352% for the same period.

The average rate for the prior week (2022-05-13) was 5.5% and one month ago for the week of 2022-04-15, the average rate was 4.89%.

The average rate one year ago was 3.16%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.09%.

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

Ocala FHA Loan Lenders by Rates & Fees

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

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 246 2.78% $5,947
AMERICAN FINANCIAL NETWORK, INC. 135 3.36% $12,672
DHI MORTGAGE COMPANY, LTD. 109 2.92% $7,717
UNITED WHOLESALE MORTGAGE, LLC 98 2.80% $7,265
CALIBER HOME LOANS, INC. 81 3.06% $7,350
AMERICAN PACIFIC MORTGAGE CORPORATION 74 3.12% $8,188
PENNYMAC LOAN SERVICES, LLC 70 3.29% $4,515
FREEDOM MORTGAGE CORPORATION 62 2.95% $6,155
LAKEVIEW LOAN SERVICING, LLC 58 3.17% $4,071
SUCCESS MORTGAGE PARTNERS, INC. 58 3.29% $8,680
Mr. Cooper ( Nationstar Mortgage ) 48 3.53% $2,986
FBC MORTGAGE, LLC 43 3.28% $7,315
HOMEBRIDGE FINANCIAL SERVICES, INC. 42 3.04% $8,615
BROKER SOLUTIONS, INC. 35 3.38% $8,476
Carrington Mortgage Services, LLC 34 3.34% $7,256
GUARANTEED RATE, INC. 33 3.38% $7,697
CROSSCOUNTRY MORTGAGE, LLC 32 3.20% $8,883
Goldwater Bank, N.A. 32 3.40% $8,558
HAMILTON HOME LOANS, INC. 32 3.35% $8,045
AMERICAN FINANCIAL RESOURCES, INC. 29 3.20% $6,571
Paramount Residential Mortgage Group, Inc. 29 3.37% $9,053
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 29 3.12% $8,237
PRIMELENDING, A PLAINSCAPITAL COMPANY 28 3.52% $7,131
NATIONS RELIABLE LENDING, LLC 28 3.42% $7,899
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 27 3.36% $7,959
VILLAGE CAPITAL & INVESTMENT LLC 26 2.99% $2,205
LOANDEPOT.COM, LLC 26 3.23% $7,668
NEWREZ LLC 25 3.10% $5,415
AMERIFIRST FINANCIAL CORPORATION 24 3.55% $9,172
Equity Prime Mortgage LLC 24 3.54% $6,989
HOME SOLUTION LENDERS INC. 23 2.74% $8,523
Hometown Lenders, Inc. 23 3.76% $9,595
Flagstar Bank, FSB 22 2.83% $6,802
Ixonia Bank 21 3.26% $7,909
Nations Lending Corporation 21 3.20% $7,797
THE MORTGAGE FIRM, INC. 20 3.28% $8,155
AmeriHome Mortgage Company, LLC 19 2.84% $4,111
HOMESTAR FINANCIAL CORPORATION 18 3.26% $7,623
Mortgage Lenders Investment Trading Corporation 18 3.49% $6,156
HOME POINT FINANCIAL CORPORATION 18 2.81% $6,211
CMG MORTGAGE, INC. 17 3.37% $8,763
First Federal Bank 16 3.13% $7,272
UNION HOME MORTGAGE CORP. 15 3.25% $7,040
PRIMARY RESIDENTIAL MORTGAGE, INC. 14 3.85% $10,129
PLAZA HOME MORTGAGE, INC. 13 2.96% $8,428
Lakeview Community Capital, LLC 12 3.24% $4,108
PLANET HOME LENDING, LLC 12 2.85% $5,312
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 12 3.51% $8,010
Christensen Financial, Inc. 12 3.25% $8,510
CELEBRITY HOME LOANS, LLC 12 3.25% $7,093
MOVEMENT MORTGAGE, LLC 12 3.38% $6,062
InterContinental Capital Group, Inc 11 3.30% $6,765
NATIONS DIRECT MORTGAGE, LLC 11 3.53% $9,156
Ameris Bank 10 2.83% $6,588
Hometown Equity Mortgage, LLC 10 3.63% $10,933
FIRST EQUITY MORTGAGE BANKERS, INC. 10 3.31% $8,376
Bank of America 9 3.04% $4,632
MORTGAGE FINANCIAL GROUP, INC. 9 2.83% $9,937
OCMBC, INC. 8 3.25% $7,404
First Guaranty Mortgage Corporation 8 3.03% $7,162
Regions Bank 8 2.89% $7,896
Truist Bank 8 2.89% $7,244
GUILD MORTGAGE COMPANY 8 3.42% $8,517
AMERISAVE MORTGAGE CORPORATION 7 3.29% $9,725
DAS Acquisition Company, LLC 6 3.40% $8,505
AMERICAN FINANCING CORPORATION 6 3.00% $7,064
Wells Fargo Bank 6 3.19% $7,438
ACADEMY MORTGAGE CORPORATION 6 3.35% $8,762
MORTGAGE EQUITY PARTNERS LLC 6 3.54% $8,544
Commerce Home Mortgage, Inc. 5 3.20% $8,127
Alcova Mortgage LLC 5 2.88% $7,728
RESIDENTIAL BANCORP. 5 2.85% $11,239
LOANPAL, LLC 5 2.78% $9,188
South State Bank 5 2.83% $7,310
Barrington Bank & Trust Company, N.A. 5 3.35% $7,826
Bank of England 5 3.20% $9,378
AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 2.90% $6,850
STOCKTON MORTGAGE CORPORATION 5 2.95% $6,829
FINANCE OF AMERICA MORTGAGE LLC 5 3.20% $6,962
Prosperity Home Mortgage, LLC 5 3.23% $6,979
LEADERONE FINANCIAL CORPORATION 4 3.91% $6,971
PULTE MORTGAGE LLC 4 3.03% $9,147
ROUNDPOINT MORTGAGE SERVICING CORPORATION 4 3.53% $7,312
JMAC LENDING, INC. 4 3.00% $6,036
EMBRACE HOME LOANS, INC. 4 2.97% $7,351
EMM LOANS LLC 4 3.16% $8,213
Waterstone Mortgage Corporation 4 3.19% $9,390
Mortgage Research Center, LLC 4 3.03% $7,139
PANORAMA MORTGAGE GROUP, LLC 4 3.72% $9,051
DATA MORTGAGE, INC. 4 4.44% $8,945
Plains Commerce Bank 4 2.94% $8,222
HOMESPIRE MORTGAGE CORPORATION 4 4.09% $6,924
Loan Simple, Inc. 4 2.81% $5,787
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 3.25% $8,354
CHURCHILL MORTGAGE CORPORATION 4 2.97% $6,639
GSF Mortgage Corporation 4 3.72% $9,592
SOVEREIGN LENDING GROUP INCORPORATED 3 3.21% $9,030
Citizens Bank 3 2.75% $5,018
First Home Bank 3 2.88% $9,518
First Option Mortgage, LLC 3 3.21% $8,984
First Savings Bank 3 3.46% $6,134
HUNT MORTGAGE CORPORATION 3 2.67% $8,204
MICHIGAN MUTUAL, INC. 3 3.33% $11,064
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.25% $7,512
NP, Inc. 3 3.00% $7,704
OCEANSIDE MORTGAGE COMPANY 3 2.83% $3,225
RUOFF MORTGAGE COMPANY, INC. 3 3.42% $5,874
SECURITYNATIONAL MORTGAGE COMPANY 3 2.96% $8,117
SHELTER MORTGAGE COMPANY, L.L.C. 3 3.25% $7,874
SOUTHWEST STAGE FUNDING, LLC 3 3.13% $4,350
SUN WEST MORTGAGE COMPANY, INC. 3 3.13% $8,093
COLUMBUS CAPITAL LENDING, LLC 2 3.00% $7,752
NFM, INC. 2 3.25% $9,811
Gateway First Bank 2 3.19% $6,498
Colten Mortgage, LLC 2 3.13% $7,080
FIRST ALLIANCE HOME MORTGAGE, LLC 2 3.19% $6,928
AMCAP MORTGAGE, LTD. 2 2.69% $9,852
1ST FINANCIAL, INC. 2 3.75% $12,997
STEARNS LENDING, LLC 2 3.12% $6,425
VAN DYK MORTGAGE CORPORATION 2 3.38% $5,660
ENVOY MORTGAGE, LTD 2 2.88% $8,659
Summit Mortgage Corporation 2 3.75% $6,507
LIBERTY HOME MORTGAGE CORPORATION 2 3.31% $8,737
OPEN MORTGAGE, LLC 2 3.19% $6,455
OVM FINANCIAL, INC. 2 2.75% $8,684
GTE Federal Credit Union 2 3.00% $6,497
GUARANTEED RATE AFFINITY, LLC 2 2.94% $7,505
RESIDENTIAL HOME FUNDING CORP. 2 3.13% $8,844
DRAPER AND KRAMER MORTGAGE CORP. 2 2.44% $6,218
ROSS MORTGAGE CORPORATION 2 3.50% $8,389
TOWNE MORTGAGE COMPANY 2 2.88% $10,833
Town Square Mortgage & Investments, Inc. 2 3.31% $5,718
PARKSIDE LENDING, LLC 2 2.75% $6,866
ANGEL OAK HOME LOANS LLC 2 3.31% $6,876
HOMESIDE FINANCIAL, LLC 2 3.00% $7,242
EVERETT FINANCIAL, INC. 2 4.38% $7,678
ALLIED MORTGAGE GROUP, INC. 2 2.56% $13,083
S1L, Inc. 2 3.69% $5,508
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 3.56% $8,022
GENEVA FINANCIAL, LLC 2 3.06% $9,571
ABSOLUTE HOME MORTGAGE CORPORATION 2 3.38% $7,222
EQUITY RESOURCES, INC. 2 3.88% $7,237
KELLER MORTGAGE, LLC 2 2.69% $6,945
CONTOUR MORTGAGE CORPORATION 2 4.00% $7,984
HANCOCK MORTGAGE PARTNERS, LLC 1 3.25% $7,186
CHAMPIONS MORTGAGE LLC 1 3.25% $7,586
Century Mortgage Company DBA Century Lending Company 1 2.38% $12,255
READY MORTGAGE LENDERS, LLC 1 3.38% $11,913
CALCULATED RISK ANALYTICS LLC 1 2.50% $9,999
RELIANCE FIRST CAPITAL, LLC 1 3.63% $5,658
Renasant Bank 1 2.99% $5,590
BRIDGEVIEW MORTGAGE CORP. 1 3.25% $9,206
RESOURCE FINANCIAL SERVICES, INC. 1 3.25% $5,999
BETTER MORTGAGE CORPORATION 1 2.75% $7,754
ROYAL UNITED MORTGAGE LLC 1 3.25% $7,379
Seacoast National Bank 1 2.75% $5,403
Shea Mortgage Inc. 1 3.00% $9,638
SHELTER HOME MORTGAGE, LLC 1 2.99% $8,265
1ST SIGNATURE LENDING, LLC 1 2.88% $6,826
SIRVA MORTGAGE, INC. 1 2.38% $5,780
SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.75% $10,401
BECKAM FUNDING CORP. 1 3.25% $9,525
SOUTHWEST FUNDING, LP 1 3.13% $9,632
WILLOW BEND MORTGAGE COMPANY, LLC 1 2.88% $7,964
Austin Capital Bank SSB 1 2.75% $11,892
Atlantic Home Loans, Inc. 1 3.25% $10,829
Wyndham Capital Mortgage, Inc. 1 2.75% $6,266
Synovus Bank 1 2.75% $7,047
T2 FINANCIAL LLC 1 3.00% $10,546
ARC HOME LLC 1 2.99% $20,717
TJC Mortgage, Inc. 1 3.25% $6,145
TOP FLITE FINANCIAL, INC. 1 2.63% $12,986
Total Media Management, LLC 1 2.63% $8,671
TOTAL MORTGAGE SERVICES, LLC 1 3.25% $9,276
TruHome Solutions, LLC 1 2.75% $7,470
AMERICAN HERITAGE FCU 1 3.00% $7,910
INLANTA MORTGAGE, INC. 1 3.25% $11,686
INTELLILOAN, INC. 1 2.75% $6,475
Home Mortgage Alliance Corp 1 2.38% $6,218
JLB CORPORATION 1 2.75% $5,920
HOME FINANCING CENTER, INC. 1 3.88% $13,396
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.25% $7,621
Chickasaw Community Bank 1 2.88% $5,969
LENDING 3, INC. 1 3.75% $4,760
GREAT WESTERN FINANCIAL SERVICES, INC. 1 2.63% $7,770
GERSHMAN INVESTMENT CORP. 1 2.75% $5,705
Low VA Rates, LLC 1 2.88% $5,247
Luxury Mortgage Corp. 1 2.75% $6,179
Magnolia Bank 1 3.50% $6,473
United Fidelity Funding Corp. 1 3.25% $8,013
MID AMERICA MORTGAGE, INC. 1 2.75% $3,526
Midwest Mortgage Associates Corporation 1 3.13% $8,572
MILEND, INC. 1 3.13% $9,728
MORIA DEVELOPMENT, INC. 1 3.50% $7,219
FOUNDATION MORTGAGE CORPORATION 1 3.25% $2,998
FIRST HOME MORTGAGE CORPORATION 1 2.63% $7,630
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.75% $7,631
Mortgage Unlimited, L.L.C. 1 2.88% $10,994
FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.25% $5,657
MYCUMORTGAGE, LLC 1 3.25% $5,265
FAMILY FIRST FUNDING LLC 1 3.13% $8,513
Evolve Bank & Trust 1 3.75% $10,847
NETWORK CAPITAL FUNDING CORPORATION 1 2.88% $12,607
Northpointe Bank 1 2.88% $10,979
NORWICH COMMERCIAL GROUP, INC. 1 3.00% $9,735
UNIVERSAL MORTGAGE & FINANCE, INC. 1 3.00% $10,582
Old National Bank 1 2.63% $7,436
EAGLE HOME MORTGAGE, LLC 1 3.63% $7,986
Paramount Bank 1 2.25% $14,144
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.63% $6,742
PINNACLE LENDING GROUP, INC. 1 4.25% $7,455
CRESCENT MORTGAGE COMPANY 1 2.88% $7,017
PNC Bank 1 2.88% $6,454
PREFERRED LENDING SERVICES, LLC 1 3.25% $5,990
CityWorth Mortgage LLC 1 4.13% $7,467

The top Ocala FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 246 FHA loans originated. Their average total fees are $5,947, which is $6,726 lower than the next largest lender, AMERICAN FINANCIAL NETWORK, INC..

The lowest fee Ocala FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($2,205), Mr. Cooper ( Nationstar Mortgage ) ($2,986), LAKEVIEW LOAN SERVICING, LLC ($4,071), Lakeview Community Capital, LLC ($4,108) and AmeriHome Mortgage Company, LLC ($4,111).

The lowest rate Ocala FHA lenders (with over 10 loans originated) are HOME SOLUTION LENDERS INC. (2.74%), QUICKEN LOANS, LLC (2.78%), UNITED WHOLESALE MORTGAGE, LLC (2.80%), HOME POINT FINANCIAL CORPORATION (2.81%) and Ameris Bank (2.83%).

Ocala FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
OCALA, FL MARION 2022 $420,680 $538,650 $651,050 $809,150

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Ocala (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 $189,900 (0.0%) $266,167 (2.5%) 0.70 2,383
2018-02-01 $193,995 (2.4%) $269,680 (5.3%) 0.70 2,427
2018-03-01 $198,900 (4.7%) $269,784 (5.3%) 0.69 2,445
2018-04-01 $206,632 (6.6%) $278,188 (6.9%) 0.69 2,360
2018-05-01 $209,945 (7.7%) $281,159 (3.7%) 0.70 2,279
2018-06-01 $209,900 (7.4%) $280,792 (2.3%) 0.70 2,278
2018-07-01 $209,945 (8.3%) $282,419 (7.6%) 0.70 2,327
2018-08-01 $204,995 (5.6%) $277,110 (6.6%) 0.69 2,354
2018-09-01 $202,490 (2.8%) $273,218 (4.1%) 0.68 2,347
2018-10-01 $199,945 (5.6%) $273,654 (7.8%) 0.67 2,411
2018-11-01 $200,318 (5.5%) $271,684 (2.5%) 0.67 2,489
2018-12-01 $204,500 (7.6%) $269,696 (0.3%) 0.70 2,522
2019-01-01 $199,950 (5.3%) $266,759 (0.2%) 0.69 2,504
2019-02-01 $199,900 (3.0%) $265,416 (-1.6%) 0.67 2,634
2019-03-01 $199,386 (0.2%) $269,628 (-0.1%) 0.65 2,623
2019-04-01 $200,195 (-3.1%) $274,877 (-1.2%) 0.63 2,596
2019-05-01 $209,900 (0.0%) $278,287 (-1.0%) 0.65 2,499
2019-06-01 $209,900 (0.0%) $286,224 (1.9%) 0.65 2,456
2019-07-01 $209,350 (-0.3%) $287,346 (1.7%) 0.65 2,377
2019-08-01 $212,043 (3.4%) $289,165 (4.4%) 0.67 2,293
2019-09-01 $214,543 (6.0%) $290,100 (6.2%) 0.68 2,246
2019-10-01 $209,450 (4.8%) $278,296 (1.7%) 0.67 2,335
2019-11-01 $209,000 (4.3%) $275,370 (1.4%) 0.67 2,322
2019-12-01 $209,000 (2.2%) $271,972 (0.8%) 0.70 2,328
2020-01-01 $205,000 (2.5%) $271,842 (1.9%) 0.68 2,247
2020-02-01 $200,990 (0.6%) $270,487 (1.9%) 0.65 2,259
2020-03-01 $202,250 (1.4%) $274,022 (1.6%) 0.63 1,948
2020-04-01 $200,441 (0.1%) $273,834 (-0.4%) 0.62 1,920
2020-05-01 $205,000 (-2.3%) $276,493 (-0.6%) 0.62 1,821
2020-06-01 $213,300 (1.6%) $290,998 (1.7%) 0.62 1,565
2020-07-01 $215,000 (2.7%) $300,981 (4.8%) 0.62 1,415
2020-08-01 $223,900 (5.6%) $313,099 (8.3%) 0.64 1,240
2020-09-01 $224,950 (4.9%) $313,699 (8.1%) 0.64 1,200
2020-10-01 $229,900 (9.8%) $329,946 (18.6%) 0.66 1,166
2020-11-01 $227,700 (9.0%) $325,875 (18.3%) 0.65 1,203
2020-12-01 $229,950 (10.0%) $324,550 (19.3%) 0.67 1,203
2021-01-01 $235,900 (15.1%) $336,959 (24.0%) 0.69 1,049
2021-02-01 $239,900 (19.4%) $344,626 (27.4%) 0.69 861
2021-03-01 $240,000 (18.7%) $365,183 (33.3%) 0.67 674
2021-04-01 $258,500 (29.0%) $399,396 (45.9%) 0.69 614
2021-05-01 $265,000 (29.3%) $422,526 (52.8%) 0.70 583
2021-06-01 $264,950 (24.2%) $445,069 (53.0%) 0.69 548
2021-07-01 $267,500 (24.4%) $431,940 (43.5%) 0.69 691
2021-08-01 $271,125 (21.1%) $408,254 (30.4%) 0.71 793
2021-09-01 $269,950 (20.0%) $385,693 (23.0%) 0.71 792
2021-10-01 $275,000 (19.6%) $386,987 (17.3%) 0.72 796
2021-11-01 $282,445 (24.0%) $402,696 (23.6%) 0.74 801
2021-12-01 $289,250 (25.8%) $408,852 (26.0%) 0.77 772
2022-01-01 $299,900 (27.1%) $434,893 (29.1%) 0.80 691
2022-02-01 $298,250 (24.3%) $438,047 (27.1%) 0.76 614
2022-03-01 $299,700 (24.9%) $456,263 (24.9%) 0.74 635
2022-04-01 $314,900 (21.8%) $453,551 (13.6%) 0.74 661
Ocala's median listing price for 2022-04-01 was $314,900, a difference of $56,400 (21.8%) versus the prior year and $15,200 versus the prior month.

Ocala's median listing price comes in at 74% of the national average.

Ocala's average listing price for 2022-04-01 was $453,551, a difference of $54,155 (13.6%) versus the prior year and $-2,712 versus the prior month.

For the 2022-04-01 period, Ocala had 661 MLS listings, a difference of 26 listings (4%) versus the prior month and 47 listings (8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Ocala (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 77 days 1,789 sqft
2018-02-01 77 days 1,799 sqft
2018-03-01 61 days 1,816 sqft
2018-04-01 66 days 1,835 sqft
2018-05-01 65 days 1,841 sqft
2018-06-01 65 days 1,862 sqft
2018-07-01 65 days 1,857 sqft
2018-08-01 65 days 1,830 sqft
2018-09-01 68 days 1,830 sqft
2018-10-01 67 days 1,820 sqft
2018-11-01 63 days 1,820 sqft
2018-12-01 69 days 1,832 sqft
2019-01-01 73 days 1,800 sqft
2019-02-01 67 days 1,790 sqft
2019-03-01 60 days 1,782 sqft
2019-04-01 65 days 1,798 sqft
2019-05-01 65 days 1,804 sqft
2019-06-01 65 days 1,802 sqft
2019-07-01 68 days 1,795 sqft
2019-08-01 70 days 1,808 sqft
2019-09-01 66 days 1,814 sqft
2019-10-01 65 days 1,799 sqft
2019-11-01 59 days 1,773 sqft
2019-12-01 65 days 1,755 sqft
2020-01-01 72 days 1,754 sqft
2020-02-01 15 days 1,747 sqft
2020-03-01 33 days 1,751 sqft
2020-04-01 60 days 1,749 sqft
2020-05-01 79 days 1,731 sqft
2020-06-01 85 days 1,746 sqft
2020-07-01 72 days 1,748 sqft
2020-08-01 65 days 1,767 sqft
2020-09-01 57 days 1,763 sqft
2020-10-01 55 days 1,770 sqft
2020-11-01 52 days 1,747 sqft
2020-12-01 57 days 1,747 sqft
2021-01-01 60 days 1,757 sqft
2021-02-01 56 days 1,776 sqft
2021-03-01 49 days 1,767 sqft
2021-04-01 42 days 1,836 sqft
2021-05-01 41 days 1,829 sqft
2021-06-01 40 days 1,773 sqft
2021-07-01 39 days 1,780 sqft
2021-08-01 36 days 1,754 sqft
2021-09-01 42 days 1,750 sqft
2021-10-01 42 days 1,728 sqft
2021-11-01 44 days 1,750 sqft
2021-12-01 49 days 1,755 sqft
2022-01-01 51 days 1,806 sqft
2022-02-01 43 days 1,717 sqft
2022-03-01 38 days 1,715 sqft
2022-04-01 37 days 1,747 sqft
Ocala's median listing age (time on market) for 2022-04-01 was 37 days. This is -12% shorter than the same period one year ago.

Ocala's median square footage for active listings during the 2022-04-01 period was 1,747 sqft. One year prior, the average listing was 1,836 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).