Ocala FHA Loan Rates, Closing Costs & Stats

OCALA, FL

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    • 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 -0.21% for the week of 2024-12-27, compared to the national average (all FHA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-12-20) was 6.53% and one month ago for the week of 2024-11-22, the average rate was 6.18%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2024-12-27, the average rate was 0.39%.

    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
    2024-07-01 $309,000 (-1.7%) $383,727 (-8.4%) 0.71 2,733
    2024-08-01 $309,000 (-1.9%) $384,149 (-7.9%) 0.72 2,767
    2024-09-01 $305,000 (-3.1%) $377,051 (-7.9%) 0.72 2,841
    2024-10-01 $303,164 (-2.6%) $374,281 (-6.9%) 0.71 2,973
    2024-11-01 $303,000 (-2.1%) $378,310 (-5.1%) 0.73 3,145
    Ocala's median listing price for 2024-11-01 was $303,000, a difference of $-6,450 (-2.1%) versus the prior year and $-164 versus the prior month.

    Ocala's median listing price comes in at 73% of the national average.

    Ocala's average listing price for 2024-11-01 was $378,310, a difference of $-20,325 (-5.1%) versus the prior year and $4,029 versus the prior month.

    For the 2024-11-01 period, Ocala had 3,145 MLS listings, a difference of 172 listings (6%) versus the prior month and 702 listings (29%) 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 61 days 1,652 sqft
    2024-07-01 64 days 1,649 sqft
    2024-08-01 66 days 1,655 sqft
    2024-09-01 67 days 1,656 sqft
    2024-10-01 68 days 1,660 sqft
    2024-11-01 70 days 1,660 sqft
    Ocala's median listing age (time on market) for 2024-11-01 was 70 days. This is 32% longer than the same period one year ago.

    Ocala's median square footage for active listings during the 2024-11-01 period was 1,660 sqft. One year prior, the average listing was 1,655 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).