Ocala FHA Loan Rates, Closing Costs & Stats

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 203 lenders originated 2,735 FHA loans during 2023. The total origination value was $691,885,000, with an average FHA loan value of $252,974.

Ocala FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Ocala averaged 6.81% for the week of 2024-07-05, compared to the national average (all FHA variants) of 6.724% for the same period.

Ocala's average FHA mortgage closing costs are $8,481.

The average rate for the prior week (2024-06-28) was 6.77% and one month ago for the week of 2024-05-31, the average rate was 6.76%.

The average rate one year ago was 6.54%.

For refis of the same type during the week of 2024-07-05, the average rate was 7.11%.

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/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Ocala level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 360 6.45% $12,141
DHI MORTGAGE COMPANY, LTD. 178 5.39% $9,052
QUICKEN LOANS, LLC 149 6.12% $11,155
EAGLE HOME MORTGAGE, LLC 92 4.76% $11,576
UNION HOME MORTGAGE CORP. 79 6.87% $12,758
AMERICAN BANCSHARES MORTGAGE 67 6.61% $11,975
CROSSCOUNTRY MORTGAGE, LLC 65 6.87% $11,448
AMERICAN FINANCIAL NETWORK, INC. 64 6.66% $13,022
Equity Prime Mortgage LLC 61 6.82% $12,843
LOANDEPOT.COM, LLC 58 6.67% $11,464
CARDINAL FINANCIAL 57 6.44% $10,866
SUCCESS MORTGAGE PARTNERS, INC. 43 6.68% $11,091
PENNYMAC LOAN SERVICES, LLC 43 6.24% $12,319
BROKER SOLUTIONS, INC. 34 6.65% $12,247
FBC MORTGAGE, LLC 34 6.16% $9,813
PRIMELENDING, A PLAINSCAPITAL COMPANY 33 6.53% $12,152
HOMESTAR FINANCIAL CORPORATION 33 6.34% $10,328
FREEDOM MORTGAGE CORPORATION 33 6.82% $13,530
NEWREZ LLC 33 6.45% $12,609
Paramount Residential Mortgage Group, Inc. 31 6.89% $13,240
EVERETT FINANCIAL, INC. 29 6.79% $11,540
MOVEMENT MORTGAGE, LLC 28 6.57% $11,213
AMERICAN PACIFIC MORTGAGE CORPORATION 27 6.63% $11,658
STOCKTON MORTGAGE CORPORATION 27 6.66% $11,819
CMG MORTGAGE, INC. 25 6.26% $11,989
Flagstar Bank, FSB 23 6.70% $11,587
Carrington Mortgage Services, LLC 23 6.48% $12,941
THE MORTGAGE FIRM, INC. 22 6.79% $10,605
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 22 6.50% $12,653
Truist 22 6.06% $10,355
Mr. Cooper ( Nationstar Mortgage ) 21 6.15% $13,689
AMERISAVE MORTGAGE CORPORATION 20 5.95% $14,118
HOME SOLUTION LENDERS INC. 19 6.02% $17,176
Plains Commerce Bank 17 6.59% $11,388
GUARANTEED RATE, INC. 16 6.80% $12,867
ACADEMY MORTGAGE CORPORATION 16 7.09% $12,836
CALIBER HOME LOANS, INC. 15 6.26% $10,564
HOMEBRIDGE FINANCIAL SERVICES, INC. 14 6.13% $12,022
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 13 7.16% $10,542
First Federal Bank 13 6.38% $7,190
GENEVA FINANCIAL, LLC 13 6.87% $13,318
GUILD MORTGAGE COMPANY 13 6.91% $11,851
LOANPAL, LLC 12 5.79% $12,657
Regions Bank 11 6.08% $10,166
Mortgage Lenders Investment Trading Corporation 11 6.84% $10,313
Sierra Pacific Mortgage Company, Inc. 11 6.08% $12,448
Bank of England 11 6.65% $9,637
MID AMERICA MORTGAGE, INC. 10 7.24% $8,913
Goldwater Bank, N.A. 10 6.09% $13,430
MORTGAGE FINANCIAL GROUP, INC. 10 6.48% $12,632
HOMEOWNERS FINANCIAL GROUP USA, LLC 10 6.74% $13,255
Century Mortgage Company DBA Century Lending Company 10 6.29% $12,978
Waterstone Mortgage Corporation 9 6.44% $12,516
SUN WEST MORTGAGE COMPANY, INC. 9 6.53% $12,343
AMERICAN FINANCIAL RESOURCES, INC. 9 7.07% $7,344
Ixonia Bank 9 7.10% $11,901
PLAZA HOME MORTGAGE, INC. 9 6.36% $12,859
LEADERONE FINANCIAL CORPORATION 8 6.23% $11,106
MY MORTGAGE, INC. 8 6.69% $14,564
Shea Mortgage Inc. 7 6.52% $7,324
Nations Lending Corporation 7 6.66% $13,844
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 7.00% $11,363
VANDERBILT MORTGAGE AND FINANCE, INC. 7 5.55% $12,355
Prosperity Home Mortgage, LLC 7 6.57% $10,978
CANOPY MORTGAGE, LLC 7 6.35% $12,369
J. VIRGIL, INC. 6 6.00% $12,497
MUTUAL OF OMAHA MORTGAGE, INC. 6 6.52% $9,945
South State Bank 6 6.17% $9,232
INSPIRE HOME LOANS INC. 6 5.94% $9,413
Wolfe Financial, Inc 6 7.27% $13,068
ABSOLUTE HOME MORTGAGE CORPORATION 6 6.25% $11,981
Ameris Bank 5 6.38% $8,768
VILLAGE CAPITAL MORTGAGE 5 6.20% $11,342
Mortgage Research Center, LLC 5 6.72% $10,619
JPMorgan Chase Bank 5 6.42% $9,610
NATIONS RELIABLE LENDING, LLC 5 6.67% $12,899
TOWNE MORTGAGE COMPANY 4 6.78% $13,619
PLANET HOME LENDING, LLC 4 6.38% $9,924
HOMESIDE FINANCIAL, LLC 4 6.63% $10,585
TOP FLITE FINANCIAL, INC. 4 6.88% $13,976
NFM, INC. 4 6.75% $10,384
Hometown Equity Mortgage, LLC 4 6.31% $11,638
ZILLOW HOME LOANS, LLC 3 6.54% $10,954
Alcova Mortgage LLC 3 6.96% $8,306
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.33% $8,848
Barrington Bank & Trust Company, N.A. 3 6.77% $11,673
CONTOUR MORTGAGE CORPORATION 3 6.21% $13,629
Cornerstone First Mortgage, Inc 3 6.63% $12,096
First Heritage Mortgage, LLC 3 6.67% $14,756
Gateway First Bank 3 6.71% $8,373
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 7.08% $10,426
Keystone Funding, Inc. 3 6.50% $15,760
LAKEVIEW LOAN SERVICING, LLC 3 6.25% $12,424
MICHIGAN MUTUAL, INC. 3 6.17% $10,605
MILEND, INC. 3 5.79% $15,952
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.58% $17,547
NETWORK CAPITAL FUNDING CORPORATION 3 6.71% $8,427
The Federal Savings Bank 3 6.71% $9,313
WATSON MORTGAGE CORP. 3 6.21% $11,948
Wells Fargo Bank 3 6.50% $9,986
CHURCHILL MORTGAGE CORPORATION 2 6.62% $9,501
VAN DYK MORTGAGE CORPORATION 2 6.88% $8,257
GERSHMAN INVESTMENT CORP. 2 6.56% $14,307
AMCAP MORTGAGE, LTD. 2 6.37% $12,452
RESIDENTIAL BANCORP 2 6.19% $13,452
RESIDENTIAL HOME MORTGAGE CORPORATION 2 6.38% $13,492
OCMBC, INC. 2 7.63% $12,136
TOTAL MORTGAGE SERVICES, LLC 2 7.75% $11,675
ROYAL UNITED MORTGAGE LLC 2 6.38% $8,543
Lakeview Community Capital, LLC 2 5.75% $13,549
ENDEAVOR CAPITAL, LLC. 2 6.00% $14,302
BECKAM FUNDING CORP. 2 6.88% $14,090
MORTGAGE EQUITY PARTNERS LLC 2 6.81% $13,283
BAYSHORE MORTGAGE FUNDING, LLC 2 6.13% $12,631
American Mortgage & Equity Consultants, Inc. 2 7.44% $9,544
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 7.00% $9,575
BAY EQUITY LLC 2 6.00% $15,309
NATIONWIDE MORTGAGE BANKERS, INC. 2 7.25% $18,711
Bank of America 2 7.19% $5,854
INTERCAP LENDING INC. 2 6.94% $11,010
Summit Mortgage Corporation 2 6.94% $11,744
HOMESTEAD FUNDING CORP. 2 5.69% $6,741
NBKC BANK 2 5.50% $7,800
PULTE MORTGAGE LLC 2 6.19% $7,509
Synovus Bank 2 6.50% $9,514
AMERICAN FINANCING CORPORATION 2 6.44% $7,154
EQUITY RESOURCES, INC. 1 5.99% $6,553
NJ LENDERS CORP. 1 6.75% $9,281
NORTHERN MORTGAGE SERVICES, LLC 1 6.88% $4,506
Northpointe Bank 1 7.00% $9,609
NP, Inc. 1 7.50% $18,902
OCEANSIDE MORTGAGE COMPANY 1 6.63% $9,777
OPEN MORTGAGE, LLC 1 6.50% $9,050
EMBRACE HOME LOANS, INC. 1 6.25% $12,299
PENTAGON FEDERAL CREDIT UNION 1 5.88% $7,327
PHH Mortgage Corporation 1 5.99% $9,097
DIRECT MORTGAGE, CORP. 1 5.75% $17,759
DAS Acquisition Company, LLC 1 7.50% $11,487
COMPASS MORTGAGE, INC. 1 7.63% $11,934
PNC Bank 1 5.88% $10,885
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.38% $10,988
Premium Mortgage Corporation 1 5.63% $14,162
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.13% $18,489
Princeton Mortgage Corporation 1 6.50% $7,895
Citizens Bank 1 5.88% $12,525
READY MORTGAGE LENDERS, LLC 1 6.75% $9,849
CapStar Bank 1 7.00% $9,503
RELIANCE FIRST CAPITAL, LLC 1 6.00% $15,008
Residential Mortgage Solutions, Inc. 1 6.13% $8,972
CALCON MUTUAL MORTGAGE LLC 1 6.63% $13,240
SHELTER HOME MORTGAGE, LLC 1 7.25% $9,340
SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.50% $16,673
SOVEREIGN LENDING GROUP INCORPORATED 1 5.00% $21,784
Strong Home Mortgage, LLC 1 5.50% $8,194
AXIA FINANCIAL, LLC 1 7.75% $9,755
SWBC MORTGAGE CORPORATION 1 6.75% $5,617
T2 FINANCIAL LLC 1 7.25% $15,850
TD Bank 1 6.00% $7,486
1ST FINANCIAL, INC. 1 5.75% $9,955
The Loan Store, Inc. 1 7.00% $14,777
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $14,835
THRIVE MORTGAGE, LLC 1 5.75% $15,156
Armed Forces Bank 1 6.13% $14,342
AmRes Corporation 1 7.00% $16,241
Town Square Mortgage & Investments, Inc. 1 5.50% $8,934
AmeriHome Mortgage Company, LLC 1 7.63% $12,358
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.13% $11,570
Union Savings Bank 1 7.00% $4,866
United Community Bank 1 5.63% $12,272
University Bank 1 5.50% $13,836
Valley National Bank 1 6.12% $11,467
HOMEXPRESS MORTGAGE CORP. 1 6.88% $11,730
INTELLILOAN, INC. 1 6.50% $5,865
INTERCOASTAL MORTGAGE COMPANY 1 7.50% $11,861
JMAC LENDING, INC. 1 6.50% $8,718
HOMESPIRE MORTGAGE CORPORATION 1 7.13% $9,281
Hancock Whitney Bank 1 5.63% $10,089
KeyBank 1 5.88% $9,176
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 5.99% $9,744
LADERA LENDING, INC. 1 5.50% $13,622
LAND HOME FINANCIAL SERVICES, INC. 1 5.88% $9,060
HALLMARK HOME MORTGAGE, LLC 1 7.75% $9,763
GVC MORTGAGE, INC. 1 6.99% $9,877
GUARANTEED RATE AFFINITY, LLC 1 6.25% $11,081
Loan Simple, Inc. 1 7.25% $10,982
Magnolia Bank 1 6.13% $14,185
GTE Federal Credit Union 1 6.25% $8,859
Midwest Mortgage Associates Corporation 1 7.13% $12,165
V.I.P. MORTGAGE, INC. 1 6.75% $13,672
MORIA DEVELOPMENT, INC. 1 7.63% $8,093
GSF Mortgage Corporation 1 6.63% $19,929
GARDNER FINANCIAL SERVICES, LTD. 1 7.50% $9,397
AHL FUNDING 1 7.13% $12,707
First Savings Bank 1 5.63% $12,418
FIRST MORTGAGE COMPANY, INC. 1 5.63% $14,801
FIRST EQUITY MORTGAGE BANKERS, INC. 1 6.13% $9,663
FIRST CENTENNIAL MORTGAGE CORPORATION 1 7.75% $15,909
Financial Partners Credit Union 1 5.99% $8,884
Fifth Third Bank 1 6.00% $4,736
Neighborhood Loans, Inc. 1 7.75% $10,429
Acre Mortgage and Financial Inc 1 7.63% $15,960
NEW DAY FINANCIAL, LLC 1 7.00% $4,500
FAIRWAY FUNDING GROUP, INC. 1 6.50% $8,663

The top Ocala FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 360 FHA loans originated. Their average total fees are $12,141, which is $3,090 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Ocala FHA lenders (with over 10 loans originated) are First Federal Bank ($7,190), MID AMERICA MORTGAGE, INC. ($8,913), DHI MORTGAGE COMPANY, LTD. ($9,052), Bank of England ($9,637) and FBC MORTGAGE, LLC ($9,813).

The lowest rate Ocala FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.76%), DHI MORTGAGE COMPANY, LTD. (5.39%), LOANPAL, LLC (5.79%), AMERISAVE MORTGAGE CORPORATION (5.95%) and HOME SOLUTION LENDERS INC. (6.02%).

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
OCALA, FL MARION 2023 $472,030 $604,400 $730,525 $907,900

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 (1.7%) $269,136 (4.2%) 0.70 2,146
2018-02-01 $190,808 (2.5%) $271,776 (5.8%) 0.69 2,155
2018-03-01 $195,000 (2.7%) $272,008 (5.9%) 0.68 2,170
2018-04-01 $199,950 (4.1%) $278,492 (7.7%) 0.68 2,110
2018-05-01 $205,950 (5.6%) $283,177 (5.9%) 0.69 2,053
2018-06-01 $205,000 (4.7%) $283,109 (3.9%) 0.68 2,063
2018-07-01 $205,000 (7.9%) $284,474 (8.3%) 0.68 2,106
2018-08-01 $199,900 (5.3%) $278,609 (7.1%) 0.67 2,127
2018-09-01 $199,900 (5.3%) $276,310 (4.9%) 0.67 2,147
2018-10-01 $199,700 (7.5%) $276,637 (8.5%) 0.68 2,202
2018-11-01 $199,900 (5.8%) $273,996 (2.3%) 0.68 2,274
2018-12-01 $199,990 (5.3%) $273,861 (0.6%) 0.69 2,299
2019-01-01 $199,900 (5.3%) $271,900 (1.0%) 0.69 2,272
2019-02-01 $199,338 (4.5%) $269,532 (-0.8%) 0.67 2,386
2019-03-01 $198,814 (2.0%) $273,603 (0.6%) 0.65 2,378
2019-04-01 $199,900 (0.0%) $278,911 (0.2%) 0.63 2,356
2019-05-01 $204,950 (-0.5%) $280,130 (-1.1%) 0.64 2,239
2019-06-01 $205,000 (0.0%) $287,694 (1.6%) 0.64 2,198
2019-07-01 $206,178 (0.6%) $291,001 (2.3%) 0.65 2,138
2019-08-01 $209,270 (4.7%) $290,850 (4.4%) 0.66 2,108
2019-09-01 $209,674 (4.9%) $288,932 (4.6%) 0.67 2,099
2019-10-01 $209,251 (4.8%) $285,747 (3.3%) 0.68 2,105
2019-11-01 $209,000 (4.6%) $283,365 (3.4%) 0.69 2,105
2019-12-01 $208,241 (4.1%) $279,704 (2.1%) 0.69 2,106
2020-01-01 $204,600 (2.4%) $279,318 (2.7%) 0.68 2,043
2020-02-01 $207,490 (4.1%) $280,293 (4.0%) 0.68 2,042
2020-03-01 $208,353 (4.8%) $281,718 (3.0%) 0.65 1,892
2020-04-01 $204,948 (2.5%) $280,570 (0.6%) 0.64 1,886
2020-05-01 $209,900 (2.4%) $283,699 (1.3%) 0.64 1,778
2020-06-01 $214,973 (4.9%) $298,684 (3.8%) 0.63 1,559
2020-07-01 $215,675 (4.6%) $308,879 (6.1%) 0.63 1,419
2020-08-01 $224,900 (7.5%) $320,065 (10.0%) 0.64 1,254
2020-09-01 $226,960 (8.2%) $322,070 (11.5%) 0.65 1,221
2020-10-01 $230,000 (9.9%) $338,020 (18.3%) 0.66 1,201
2020-11-01 $229,938 (10.0%) $332,515 (17.3%) 0.67 1,231
2020-12-01 $230,000 (10.5%) $331,145 (18.4%) 0.68 1,211
2021-01-01 $237,000 (15.8%) $338,054 (21.0%) 0.71 1,050
2021-02-01 $239,950 (15.6%) $345,463 (23.3%) 0.70 906
2021-03-01 $243,923 (17.1%) $365,179 (29.6%) 0.69 696
2021-04-01 $258,900 (26.3%) $393,165 (40.1%) 0.70 622
2021-05-01 $265,450 (26.5%) $415,465 (46.5%) 0.71 602
2021-06-01 $267,450 (24.4%) $446,420 (49.5%) 0.70 554
2021-07-01 $274,900 (27.5%) $443,385 (43.6%) 0.73 712
2021-08-01 $272,500 (21.2%) $414,859 (29.6%) 0.73 789
2021-09-01 $274,325 (20.9%) $391,001 (21.4%) 0.73 783
2021-10-01 $275,000 (19.6%) $386,738 (14.4%) 0.73 795
2021-11-01 $283,500 (23.3%) $407,844 (22.7%) 0.76 786
2021-12-01 $289,669 (25.9%) $407,581 (23.1%) 0.78 750
2022-01-01 $299,900 (26.5%) $428,209 (26.7%) 0.81 684
2022-02-01 $299,000 (24.6%) $431,853 (25.0%) 0.78 617
2022-03-01 $299,950 (23.0%) $448,773 (22.9%) 0.75 646
2022-04-01 $314,900 (21.6%) $450,229 (14.5%) 0.75 676
2022-05-01 $326,450 (23.0%) $452,461 (8.9%) 0.75 806
2022-06-01 $331,800 (24.1%) $459,691 (3.0%) 0.74 1,019
2022-07-01 $325,000 (18.2%) $446,875 (0.8%) 0.73 1,329
2022-08-01 $316,850 (16.3%) $424,123 (2.2%) 0.73 1,541
2022-09-01 $314,385 (14.6%) $414,759 (6.1%) 0.74 1,716
2022-10-01 $318,800 (15.9%) $410,161 (6.1%) 0.75 1,870
2022-11-01 $314,875 (11.1%) $407,250 (-0.2%) 0.76 2,026
2022-12-01 $313,363 (8.2%) $413,101 (1.4%) 0.77 2,008
2023-01-01 $311,998 (4.0%) $409,017 (-4.5%) 0.77 2,046
2023-02-01 $307,000 (2.7%) $406,168 (-6.0%) 0.74 2,086
2023-03-01 $307,000 (2.4%) $410,378 (-8.6%) 0.72 2,030
2023-04-01 $305,000 (-3.1%) $402,517 (-10.6%) 0.71 2,065
2023-05-01 $318,450 (-2.5%) $419,930 (-7.2%) 0.72 1,895
2023-06-01 $314,950 (-5.1%) $422,557 (-8.1%) 0.71 1,874
2023-07-01 $314,250 (-3.3%) $419,119 (-6.2%) 0.71 1,872
2023-08-01 $315,000 (-0.6%) $417,201 (-1.6%) 0.72 1,863
2023-09-01 $314,900 (0.2%) $409,270 (-1.3%) 0.73 2,030
2023-10-01 $311,375 (-2.3%) $402,173 (-2.0%) 0.73 2,228
2023-11-01 $309,450 (-1.7%) $398,635 (-2.1%) 0.74 2,443
2023-12-01 $309,000 (-1.4%) $397,324 (-3.8%) 0.75 2,486
2024-01-01 $309,050 (-0.9%) $448,024 (9.5%) 0.75 2,615
2024-02-01 $307,000 (0.0%) $401,903 (-1.1%) 0.74 2,772
2024-03-01 $305,000 (-0.7%) $396,723 (-3.3%) 0.72 2,801
2024-04-01 $304,950 (0.0%) $394,866 (-1.9%) 0.71 2,787
2024-05-01 $306,038 (-3.9%) $396,001 (-5.7%) 0.69 2,731
2024-06-01 $309,900 (-1.6%) $394,080 (-6.7%) 0.70 2,679
Ocala's median listing price for 2024-06-01 was $309,900, a difference of $-5,050 (-1.6%) versus the prior year and $3,862 versus the prior month.

Ocala's median listing price comes in at 70% of the national average.

Ocala's average listing price for 2024-06-01 was $394,080, a difference of $-28,477 (-6.7%) versus the prior year and $-1,921 versus the prior month.

For the 2024-06-01 period, Ocala had 2,679 MLS listings, a difference of -52 listings (-2%) versus the prior month and 805 listings (43%) 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 74 days 1,772 sqft
2018-02-01 73 days 1,780 sqft
2018-03-01 60 days 1,799 sqft
2018-04-01 63 days 1,809 sqft
2018-05-01 61 days 1,817 sqft
2018-06-01 60 days 1,828 sqft
2018-07-01 61 days 1,824 sqft
2018-08-01 61 days 1,797 sqft
2018-09-01 66 days 1,804 sqft
2018-10-01 63 days 1,800 sqft
2018-11-01 61 days 1,803 sqft
2018-12-01 68 days 1,820 sqft
2019-01-01 73 days 1,790 sqft
2019-02-01 65 days 1,772 sqft
2019-03-01 62 days 1,762 sqft
2019-04-01 61 days 1,763 sqft
2019-05-01 63 days 1,763 sqft
2019-06-01 64 days 1,761 sqft
2019-07-01 66 days 1,760 sqft
2019-08-01 66 days 1,772 sqft
2019-09-01 65 days 1,784 sqft
2019-10-01 65 days 1,786 sqft
2019-11-01 59 days 1,768 sqft
2019-12-01 63 days 1,752 sqft
2020-01-01 71 days 1,751 sqft
2020-02-01 65 days 1,747 sqft
2020-03-01 59 days 1,752 sqft
2020-04-01 63 days 1,747 sqft
2020-05-01 74 days 1,728 sqft
2020-06-01 80 days 1,736 sqft
2020-07-01 67 days 1,743 sqft
2020-08-01 61 days 1,765 sqft
2020-09-01 54 days 1,763 sqft
2020-10-01 53 days 1,782 sqft
2020-11-01 51 days 1,747 sqft
2020-12-01 57 days 1,754 sqft
2021-01-01 59 days 1,760 sqft
2021-02-01 50 days 1,769 sqft
2021-03-01 44 days 1,749 sqft
2021-04-01 39 days 1,818 sqft
2021-05-01 38 days 1,817 sqft
2021-06-01 39 days 1,762 sqft
2021-07-01 37 days 1,779 sqft
2021-08-01 35 days 1,754 sqft
2021-09-01 40 days 1,752 sqft
2021-10-01 40 days 1,728 sqft
2021-11-01 44 days 1,754 sqft
2021-12-01 57 days 1,748 sqft
2022-01-01 47 days 1,764 sqft
2022-02-01 39 days 1,706 sqft
2022-03-01 35 days 1,693 sqft
2022-04-01 34 days 1,725 sqft
2022-05-01 30 days 1,740 sqft
2022-06-01 30 days 1,733 sqft
2022-07-01 33 days 1,712 sqft
2022-08-01 42 days 1,673 sqft
2022-09-01 45 days 1,679 sqft
2022-10-01 51 days 1,701 sqft
2022-11-01 59 days 1,700 sqft
2022-12-01 65 days 1,705 sqft
2023-01-01 73 days 1,708 sqft
2023-02-01 67 days 1,695 sqft
2023-03-01 57 days 1,699 sqft
2023-04-01 57 days 1,667 sqft
2023-05-01 55 days 1,693 sqft
2023-06-01 55 days 1,678 sqft
2023-07-01 57 days 1,664 sqft
2023-08-01 58 days 1,671 sqft
2023-09-01 54 days 1,662 sqft
2023-10-01 51 days 1,656 sqft
2023-11-01 53 days 1,655 sqft
2023-12-01 63 days 1,646 sqft
2024-01-01 70 days 1,643 sqft
2024-02-01 65 days 1,642 sqft
2024-03-01 57 days 1,641 sqft
2024-04-01 61 days 1,639 sqft
2024-05-01 59 days 1,645 sqft
2024-06-01 60 days 1,652 sqft
Ocala's median listing age (time on market) for 2024-06-01 was 60 days. This is 10% longer than the same period one year ago.

Ocala's median square footage for active listings during the 2024-06-01 period was 1,652 sqft. One year prior, the average listing was 1,678 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).