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 211 lenders originated 2,353 FHA loans during 2022. The total origination value was $514,385,000, with an average FHA loan value of $218,608.

Ocala FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Ocala averaged 6.45% for the week of 2024-03-01, compared to the national average (all FHA variants) of 6.688% for the same period.

Ocala's average FHA mortgage closing costs are $7,664.

The average rate for the prior week (2024-02-23) was 6.24% and one month ago for the week of 2024-01-26, the average rate was 6.03%.

The average rate one year ago was 6.16%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.72%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 197 4.53% $9,573
UNITED WHOLESALE MORTGAGE, LLC 172 4.98% $10,186
CALIBER HOME LOANS, INC. 76 4.69% $11,116
DHI MORTGAGE COMPANY, LTD. 62 4.47% $11,006
Equity Prime Mortgage LLC 53 5.44% $10,985
LOANDEPOT.COM, LLC 50 4.81% $10,136
CROSSCOUNTRY MORTGAGE, LLC 49 5.47% $11,955
PENNYMAC LOAN SERVICES, LLC 49 4.33% $10,033
AMERICAN PACIFIC MORTGAGE CORPORATION 46 4.83% $10,665
SUCCESS MORTGAGE PARTNERS, INC. 45 5.15% $10,879
FREEDOM MORTGAGE CORPORATION 45 5.28% $9,710
Flagstar Bank, FSB 40 4.61% $9,222
CARDINAL FINANCIAL 38 4.85% $10,336
Mr. Cooper ( Nationstar Mortgage ) 35 4.56% $10,810
PRIMELENDING, A PLAINSCAPITAL COMPANY 35 4.96% $10,530
HOMEBRIDGE FINANCIAL SERVICES, INC. 34 4.66% $11,364
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 33 5.45% $9,581
Carrington Mortgage Services, LLC 29 5.16% $10,774
AMERICAN FINANCIAL RESOURCES, INC. 28 5.20% $7,151
BROKER SOLUTIONS, INC. 28 5.01% $10,357
Goldwater Bank, N.A. 25 5.19% $11,973
AMERISAVE MORTGAGE CORPORATION 25 4.56% $12,822
Paramount Residential Mortgage Group, Inc. 24 5.31% $12,163
HOME SOLUTION LENDERS INC. 24 4.71% $11,613
AMERICAN BANCSHARES MORTGAGE 23 5.86% $12,006
THE MORTGAGE FIRM, INC. 23 5.23% $11,278
Mortgage Lenders Investment Trading Corporation 22 4.83% $8,574
Nations Lending Corporation 21 5.28% $9,927
UNION HOME MORTGAGE CORP. 19 5.63% $9,716
EAGLE HOME MORTGAGE, LLC 19 4.95% $10,659
AMERIFIRST FINANCIAL CORPORATION 19 5.66% $9,799
GUARANTEED RATE, INC. 18 4.56% $9,899
CMG MORTGAGE, INC. 18 5.24% $11,682
First Federal Bank 18 4.81% $6,676
HOME POINT FINANCIAL CORPORATION 18 4.84% $11,151
HOMESTAR FINANCIAL CORPORATION 17 5.54% $9,127
Ixonia Bank 17 5.29% $12,051
EVERETT FINANCIAL, INC. 16 5.27% $7,221
VANDERBILT MORTGAGE AND FINANCE, INC. 16 5.18% $13,464
LAKEVIEW LOAN SERVICING, LLC 16 3.77% $7,840
ACADEMY MORTGAGE CORPORATION 16 5.16% $11,814
FBC MORTGAGE, LLC 16 5.37% $7,621
NEWREZ LLC 13 4.72% $9,647
Ameris Bank 13 4.64% $8,302
AMERICAN FINANCING CORPORATION 11 4.56% $8,272
HOMESIDE FINANCIAL, LLC 11 4.90% $9,416
GENEVA FINANCIAL, LLC 10 5.98% $10,613
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 10 5.08% $10,377
HAMILTON HOME LOANS, INC. 10 4.69% $9,298
NATIONS RELIABLE LENDING, LLC 9 4.53% $11,035
Truist 9 5.04% $8,645
Hometown Equity Mortgage, LLC 9 5.61% $10,440
MOVEMENT MORTGAGE, LLC 8 4.52% $9,415
STOCKTON MORTGAGE CORPORATION 8 5.88% $9,071
MY MORTGAGE, INC. 8 4.81% $11,275
MORTGAGE EQUITY PARTNERS LLC 8 5.64% $16,336
Bank of England 8 5.08% $10,363
ABSOLUTE HOME MORTGAGE CORPORATION 8 4.80% $13,109
VILLAGE CAPITAL MORTGAGE 7 3.41% $5,035
Hometown Lenders, Inc. 7 4.95% $12,675
PLANET HOME LENDING, LLC 7 4.32% $8,321
PLAZA HOME MORTGAGE, INC. 7 4.55% $11,057
Citizens Bank 7 4.73% $7,046
LOANPAL, LLC 7 4.27% $12,463
Loan Simple, Inc. 6 4.50% $9,934
FINANCE OF AMERICA MORTGAGE LLC 6 4.02% $8,749
Waterstone Mortgage Corporation 6 5.27% $10,348
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 5.35% $10,489
AmeriHome Mortgage Company, LLC 5 4.27% $9,758
MORTGAGE SOLUTIONS OF COLORADO, LLC 5 4.48% $9,574
WATSON MORTGAGE CORP. 5 4.95% $11,012
Century Mortgage Company DBA Century Lending Company 5 4.80% $12,286
NATIONS DIRECT MORTGAGE, LLC 5 4.60% $10,430
TOP FLITE FINANCIAL, INC. 5 4.63% $14,403
MLB RESIDENTIAL LENDING, LLC 5 4.08% $13,567
LIBERTY HOME MORTGAGE CORPORATION 5 4.88% $11,603
Plains Commerce Bank 5 4.52% $8,942
EMBRACE HOME LOANS, INC. 5 5.25% $10,688
Prosperity Home Mortgage, LLC 4 5.62% $14,503
Amerifirst Financial, Inc. 4 4.94% $10,403
GUILD MORTGAGE COMPANY 4 4.97% $12,721
Lakeview Community Capital, LLC 4 4.41% $9,266
MORTGAGE FINANCIAL GROUP, INC. 4 6.66% $11,912
Mortgage Research Center, LLC 4 4.72% $10,581
NFM, INC. 4 6.34% $9,207
PREMIER MORTGAGE RESOURCES, L.L.C. 4 5.69% $10,608
PULTE MORTGAGE LLC 4 4.06% $8,219
Regions Bank 4 5.25% $9,906
RESIDENTIAL BANCORP 4 5.16% $11,185
Shea Mortgage Inc. 4 5.38% $10,576
South State Bank 4 4.06% $11,204
SUN WEST MORTGAGE COMPANY, INC. 4 5.84% $13,575
TOWNE MORTGAGE COMPANY 4 6.22% $10,565
KELLER MORTGAGE, LLC 3 4.88% $10,725
MORIA DEVELOPMENT, INC. 3 4.88% $10,459
RUOFF MORTGAGE COMPANY, INC. 3 4.08% $6,842
Northpointe Bank 3 5.83% $10,839
HOMESPIRE MORTGAGE CORPORATION 3 5.04% $11,862
FIRST EQUITY MORTGAGE BANKERS, INC. 3 4.50% $8,453
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 5.46% $13,853
ROUNDPOINT MORTGAGE SERVICING CORPORATION 3 4.92% $11,244
MILEND, INC. 3 6.21% $15,515
CHAMPIONS MORTGAGE LLC 3 3.96% $8,412
AMCAP MORTGAGE, LTD. 3 5.75% $11,385
SHELTER MORTGAGE COMPANY, L.L.C. 3 4.08% $8,279
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 5.58% $13,539
MUTUAL OF OMAHA MORTGAGE, INC. 3 5.58% $10,312
Bank of America 3 4.46% $12,162
READY MORTGAGE LENDERS, LLC 3 5.88% $17,294
CityWorth Mortgage LLC 2 6.13% $10,155
CHURCHILL MORTGAGE CORPORATION 2 4.94% $10,731
Christensen Financial, Inc. 2 4.94% $12,474
VAN DYK MORTGAGE CORPORATION 2 5.63% $10,933
POLARIS HOME FUNDING CORP. 2 4.88% $11,570
DIRECT MORTGAGE, CORP. 2 4.06% $9,778
ZILLOW HOME LOANS, LLC 2 4.81% $11,311
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 4.75% $8,400
GSF Mortgage Corporation 2 6.31% $14,568
GUARANTEED RATE AFFINITY, LLC 2 3.84% $10,980
Town Square Mortgage & Investments, Inc. 2 5.25% $10,923
CONTOUR MORTGAGE CORPORATION 2 5.75% $12,892
NATIONWIDE MORTGAGE BANKERS, INC. 2 5.63% $11,153
BAY EQUITY LLC 2 6.25% $9,504
First Guaranty Mortgage Corporation 2 4.00% $7,923
MICHIGAN MUTUAL, INC. 2 4.81% $13,453
RELIANCE FIRST CAPITAL, LLC 2 5.31% $9,435
LEADERONE FINANCIAL CORPORATION 2 5.81% $12,105
ROSS MORTGAGE CORPORATION 2 5.38% $8,431
ROYAL UNITED MORTGAGE LLC 2 4.69% $10,592
Advisors Mortgage Group, L.L.C. 2 6.12% $12,742
NORTHPOINT MORTGAGE, INC. 2 4.56% $9,296
JPMorgan Chase Bank 2 5.00% $9,238
SOUTHPOINT FINANCIAL SERVICES, INC. 2 5.00% $8,705
Evolve Bank & Trust 2 4.19% $10,114
SOVEREIGN LENDING GROUP INCORPORATED 2 5.44% $11,817
FIDELITY DIRECT MORTGAGE, LLC 2 4.75% $13,721
Barrington Bank & Trust Company, N.A. 2 3.06% $8,421
HOMESTEAD FUNDING CORP. 2 4.94% $13,091
Summit Mortgage Corporation 2 4.63% $8,539
Wells Fargo Bank 2 5.13% $9,455
SECURITYNATIONAL MORTGAGE COMPANY 1 5.50% $8,532
SHELTER HOME MORTGAGE, LLC 1 5.75% $7,873
Sierra Pacific Mortgage Company, Inc. 1 5.25% $15,237
1ST SIGNATURE LENDING, LLC 1 3.88% $7,138
SOUTHWEST STAGE FUNDING, LLC 1 4.50% $8,161
SPACE COAST Credit Union 1 6.88% $9,144
BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 3.75% $8,948
SUMMIT FUNDING, INC. 1 4.63% $7,937
SWBC MORTGAGE CORPORATION 1 5.75% $11,258
T2 FINANCIAL LLC 1 6.50% $10,184
TD Bank 1 5.88% $6,933
Texana Bank 1 5.00% $12,727
The Federal Savings Bank 1 4.75% $11,728
The Home Loan Expert LLC 1 3.88% $9,434
THRIVE MORTGAGE, LLC 1 5.13% $11,488
Austin Capital Bank SSB 1 6.13% $11,349
GREAT WESTERN FINANCIAL SERVICES, INC. 1 6.75% $13,808
GVC MORTGAGE, INC. 1 5.75% $13,909
GENNEXT FUNDING, LLC 1 3.63% $8,288
HANCOCK MORTGAGE PARTNERS, LLC 1 5.13% $16,745
HARBORONE MORTGAGE, LLC 1 4.38% $13,033
Gateway First Bank 1 3.63% $6,705
First State Bank of St. Charles, Missouri 1 3.50% $5,407
First Home Bank 1 6.13% $9,774
First Option Mortgage, LLC 1 4.25% $8,801
First Heritage Mortgage, LLC 1 4.63% $8,838
HUNT MORTGAGE CORPORATION 1 5.00% $9,146
INTELLILOAN, INC. 1 2.75% $7,197
FirstBank 1 2.88% $6,927
JLB CORPORATION 1 4.50% $19,003
J. VIRGIL, INC. 1 3.63% $6,620
LADERA LENDING, INC. 1 5.63% $18,400
Financial Freedom Mortgage, LLC 1 4.63% $10,816
LAND HOME FINANCIAL SERVICES, INC. 1 3.75% $10,401
Fifth Third Bank 1 4.75% $11,309
FIDELITY FUNDING MORTGAGE CORP. 1 3.75% $7,025
FIDELITY BANK 1 4.50% $10,740
MCLEAN MORTGAGE CORPORATION 1 5.13% $8,713
MID AMERICA MORTGAGE, INC. 1 6.13% $5,003
Fidelity Bank 1 3.75% $8,429
FAIRWAY FUNDING GROUP, INC. 1 6.49% $8,290
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 4.00% $18,597
MORTGAGE INVESTORS GROUP, INC. 1 3.38% $10,866
United Fidelity Funding Corp. 1 4.38% $10,555
ENVOY MORTGAGE, LTD 1 3.50% $8,990
ENDEAVOR CAPITAL, LLC. 1 6.63% $9,604
DIRECT MORTGAGE LOANS, LLC 1 6.13% $11,137
M&T Bank 1 4.75% $6,078
DAS Acquisition Company, LLC 1 4.75% $7,346
CRESCENT MORTGAGE COMPANY 1 5.00% $14,525
Neighborhood Loans, Inc. 1 4.25% $8,218
NETWORK CAPITAL FUNDING CORPORATION 1 3.00% $8,288
COLUMBUS CAPITAL LENDING, LLC 1 3.50% $9,693
AMERICAN ADVISORS GROUP 1 3.00% $6,228
NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.25% $5,281
OCEANSIDE MORTGAGE COMPANY 1 4.00% $4,778
OCMBC, INC. 1 6.75% $12,001
OPEN MORTGAGE, LLC 1 3.25% $11,330
OVM FINANCIAL, INC. 1 5.00% $6,633
Paramount Bank 1 4.25% $7,189
Centier Bank 1 7.13% $8,474
PNC Bank 1 3.88% $8,692
UNIVERSITY LENDING GROUP, LLC 1 3.63% $6,134
CAPITAL PARTNERS MORTGAGE, LLC 1 5.50% $10,104
BETTER MORTGAGE CORPORATION 1 4.13% $7,429
1ST FINANCIAL, INC. 1 6.75% $14,066
Quaint Oak Mortgage, LLC 1 3.50% $9,583
RADIUS FINANCIAL GROUP INC. 1 4.88% $8,682
Renasant Bank 1 6.13% $7,110
ALLIED MORTGAGE GROUP, INC. 1 4.63% $7,484
RESIDENTIAL HOME FUNDING CORP. 1 4.13% $6,995

The top Ocala FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 197 FHA loans originated. Their average total fees are $9,573, which is $613 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Ocala FHA lenders (with over 10 loans originated) are First Federal Bank ($6,676), AMERICAN FINANCIAL RESOURCES, INC. ($7,151), EVERETT FINANCIAL, INC. ($7,221), FBC MORTGAGE, LLC ($7,621) and LAKEVIEW LOAN SERVICING, LLC ($7,840).

The lowest rate Ocala FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.77%), PENNYMAC LOAN SERVICES, LLC (4.33%), DHI MORTGAGE COMPANY, LTD. (4.47%), QUICKEN LOANS, LLC (4.53%) and AMERISAVE MORTGAGE CORPORATION (4.56%).

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
Ocala's median listing price for 2024-01-01 was $309,050, a difference of $-2,948 (-0.9%) versus the prior year and $50 versus the prior month.

Ocala's median listing price comes in at 75% of the national average.

Ocala's average listing price for 2024-01-01 was $448,024, a difference of $39,007 (9.5%) versus the prior year and $50,700 versus the prior month.

For the 2024-01-01 period, Ocala had 2,615 MLS listings, a difference of 129 listings (5%) versus the prior month and 569 listings (28%) 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
Ocala's median listing age (time on market) for 2024-01-01 was 70 days. This is -4% shorter than the same period one year ago.

Ocala's median square footage for active listings during the 2024-01-01 period was 1,643 sqft. One year prior, the average listing was 1,708 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).