Crestview USDA Loan Rates, Closing Costs & Stats
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Crestview's 24 lenders originated 47 USDA loans during 2022. The total origination value was $10,515,000, with an average USDA loan value of $223,723.
Crestview USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Crestview
averaged
5.84%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Crestview's average USDA mortgage closing costs are $5,256.
The average rate for the prior week (2023-05-19) was
5.98% and
one month ago for the week of 2023-04-21, the
average rate was 5.99%.
The average rate one year ago was 4.51%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.17%.
Crestview USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Crestview level.
The top Crestview USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
7 USDA loans originated. Their average total fees are
$5,275, which is $2,335
lower than the next largest lender,
UNIVERSITY LENDING GROUP, LLC.
The lowest fee Crestview USDA lenders (with over 10 loans originated) are
.
The lowest rate Crestview USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Crestview (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $397,675 (4.6%) | $728,947 (0.2%) | 1.47 | 3,248 |
2018-02-01 | $399,000 (1.8%) | $717,456 (-2.7%) | 1.45 | 3,303 |
2018-03-01 | $399,000 (0.3%) | $730,590 (-1.7%) | 1.40 | 3,393 |
2018-04-01 | $399,250 (1.1%) | $734,065 (0.0%) | 1.35 | 3,464 |
2018-05-01 | $399,350 (0.7%) | $734,733 (-0.5%) | 1.33 | 3,473 |
2018-06-01 | $399,999 (0.0%) | $733,544 (-1.3%) | 1.33 | 3,536 |
2018-07-01 | $399,000 (-0.3%) | $726,146 (-3.3%) | 1.33 | 3,575 |
2018-08-01 | $396,550 (-4.7%) | $732,668 (-3.3%) | 1.33 | 3,523 |
2018-09-01 | $398,750 (-2.6%) | $725,847 (-3.3%) | 1.34 | 3,535 |
2018-10-01 | $399,000 (-0.5%) | $732,601 (-1.4%) | 1.35 | 3,491 |
2018-11-01 | $399,000 (-0.1%) | $728,288 (-0.8%) | 1.35 | 3,435 |
2018-12-01 | $415,000 (4.0%) | $754,498 (2.3%) | 1.43 | 3,323 |
2019-01-01 | $420,200 (5.7%) | $758,553 (4.1%) | 1.45 | 3,178 |
2019-02-01 | $427,450 (7.1%) | $771,580 (7.5%) | 1.44 | 3,176 |
2019-03-01 | $449,000 (12.5%) | $784,216 (7.3%) | 1.50 | 3,288 |
2019-04-01 | $469,000 (17.5%) | $817,837 (11.4%) | 1.49 | 3,329 |
2019-05-01 | $474,950 (18.9%) | $842,106 (14.6%) | 1.48 | 3,283 |
2019-06-01 | $479,000 (19.8%) | $842,139 (14.8%) | 1.50 | 3,257 |
2019-07-01 | $482,804 (21.0%) | $859,378 (18.4%) | 1.51 | 3,212 |
2019-08-01 | $499,000 (25.8%) | $891,355 (21.7%) | 1.56 | 3,188 |
2019-09-01 | $527,350 (32.3%) | $921,715 (27.0%) | 1.66 | 3,031 |
2019-10-01 | $499,950 (25.3%) | $886,706 (21.0%) | 1.61 | 3,156 |
2019-11-01 | $500,000 (25.3%) | $886,124 (21.7%) | 1.64 | 3,086 |
2019-12-01 | $499,900 (20.5%) | $883,478 (17.1%) | 1.67 | 2,947 |
2020-01-01 | $505,000 (20.2%) | $880,361 (16.1%) | 1.69 | 2,789 |
2020-02-01 | $525,000 (22.8%) | $901,434 (16.8%) | 1.72 | 2,707 |
2020-03-01 | $530,146 (18.1%) | $904,813 (15.4%) | 1.66 | 2,878 |
2020-04-01 | $520,229 (10.9%) | $874,666 (7.0%) | 1.63 | 3,102 |
2020-05-01 | $525,000 (10.5%) | $882,726 (4.8%) | 1.60 | 3,098 |
2020-06-01 | $499,950 (4.4%) | $896,725 (6.5%) | 1.47 | 2,701 |
2020-07-01 | $509,000 (5.4%) | $930,809 (8.3%) | 1.48 | 2,449 |
2020-08-01 | $499,000 (0.0%) | $943,256 (5.8%) | 1.43 | 2,236 |
2020-09-01 | $499,000 (-5.4%) | $940,788 (2.1%) | 1.43 | 2,060 |
2020-10-01 | $489,000 (-2.2%) | $960,273 (8.3%) | 1.40 | 1,921 |
2020-11-01 | $478,250 (-4.4%) | $962,170 (8.6%) | 1.40 | 1,855 |
2020-12-01 | $472,500 (-5.5%) | $976,125 (10.5%) | 1.41 | 1,676 |
2021-01-01 | $465,500 (-7.8%) | $985,060 (11.9%) | 1.39 | 1,450 |
2021-02-01 | $472,225 (-10.1%) | $1,010,709 (12.1%) | 1.37 | 1,172 |
2021-03-01 | $499,000 (-5.9%) | $1,052,340 (16.3%) | 1.42 | 1,026 |
2021-04-01 | $560,000 (7.6%) | $1,114,432 (27.4%) | 1.52 | 980 |
2021-05-01 | $619,000 (17.9%) | $1,150,402 (30.3%) | 1.64 | 1,017 |
2021-06-01 | $599,000 (19.8%) | $1,139,313 (27.1%) | 1.58 | 1,174 |
2021-07-01 | $599,000 (17.7%) | $1,137,644 (22.2%) | 1.58 | 1,444 |
2021-08-01 | $599,925 (20.2%) | $1,125,259 (19.3%) | 1.60 | 1,645 |
2021-09-01 | $609,900 (22.2%) | $1,140,674 (21.3%) | 1.63 | 1,680 |
2021-10-01 | $599,450 (22.6%) | $1,140,615 (18.8%) | 1.60 | 1,613 |
2021-11-01 | $607,450 (27.0%) | $1,143,882 (18.9%) | 1.62 | 1,500 |
2021-12-01 | $600,025 (27.0%) | $1,150,873 (17.9%) | 1.63 | 1,295 |
2022-01-01 | $599,917 (28.9%) | $1,205,691 (22.4%) | 1.62 | 1,057 |
2022-02-01 | $609,500 (29.1%) | $1,270,866 (25.7%) | 1.59 | 857 |
2022-03-01 | $622,500 (24.8%) | $1,303,420 (23.9%) | 1.56 | 928 |
2022-04-01 | $647,743 (15.7%) | $1,347,983 (21.0%) | 1.54 | 1,163 |
2022-05-01 | $649,500 (4.9%) | $1,342,255 (16.7%) | 1.48 | 1,521 |
2022-06-01 | $686,625 (14.6%) | $1,391,269 (22.1%) | 1.53 | 1,875 |
2022-07-01 | $689,900 (15.2%) | $1,395,353 (22.7%) | 1.56 | 2,337 |
2022-08-01 | $667,250 (11.2%) | $1,359,412 (20.8%) | 1.54 | 2,494 |
2022-09-01 | $662,500 (8.6%) | $1,326,855 (16.3%) | 1.55 | 2,591 |
2022-10-01 | $669,000 (11.6%) | $1,321,176 (15.8%) | 1.57 | 2,682 |
2022-11-01 | $648,000 (6.7%) | $1,293,421 (13.1%) | 1.56 | 2,738 |
2022-12-01 | $639,900 (6.7%) | $1,294,220 (12.5%) | 1.58 | 2,615 |
2023-01-01 | $627,450 (4.6%) | $1,272,493 (5.5%) | 1.55 | 2,520 |
2023-02-01 | $634,000 (4.0%) | $1,292,339 (1.7%) | 1.53 | 2,468 |
2023-03-01 | $667,479 (7.2%) | $1,345,967 (3.3%) | 1.57 | 2,432 |
2023-04-01 | $699,900 (8.1%) | $1,410,453 (4.6%) | 1.63 | 2,470 |
Crestview's median listing price comes in at 163% of the national average.
Crestview's average listing price for 2023-04-01 was $1,410,453, a difference of $62,470 (4.6%) versus the prior year and $64,486 versus the prior month.
For the 2023-04-01 period, Crestview had 2,470 MLS listings, a difference of 38 listings (2%) versus the prior month and 1,307 listings (112%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Crestview (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 121 days | 1,965 sqft |
2018-02-01 | 114 days | 1,970 sqft |
2018-03-01 | 99 days | 1,979 sqft |
2018-04-01 | 82 days | 1,978 sqft |
2018-05-01 | 79 days | 1,999 sqft |
2018-06-01 | 86 days | 2,000 sqft |
2018-07-01 | 90 days | 1,977 sqft |
2018-08-01 | 98 days | 1,970 sqft |
2018-09-01 | 101 days | 1,958 sqft |
2018-10-01 | 106 days | 1,933 sqft |
2018-11-01 | 105 days | 1,919 sqft |
2018-12-01 | 109 days | 1,921 sqft |
2019-01-01 | 115 days | 1,923 sqft |
2019-02-01 | 111 days | 1,944 sqft |
2019-03-01 | 94 days | 1,965 sqft |
2019-04-01 | 79 days | 1,980 sqft |
2019-05-01 | 78 days | 2,013 sqft |
2019-06-01 | 82 days | 1,981 sqft |
2019-07-01 | 89 days | 1,979 sqft |
2019-08-01 | 99 days | 2,014 sqft |
2019-09-01 | 104 days | 2,028 sqft |
2019-10-01 | 91 days | 2,008 sqft |
2019-11-01 | 94 days | 2,000 sqft |
2019-12-01 | 100 days | 1,998 sqft |
2020-01-01 | 105 days | 2,005 sqft |
2020-02-01 | 106 days | 2,005 sqft |
2020-03-01 | 81 days | 2,014 sqft |
2020-04-01 | 78 days | 2,007 sqft |
2020-05-01 | 82 days | 1,988 sqft |
2020-06-01 | 90 days | 1,957 sqft |
2020-07-01 | 73 days | 1,978 sqft |
2020-08-01 | 66 days | 1,941 sqft |
2020-09-01 | 64 days | 1,940 sqft |
2020-10-01 | 64 days | 1,896 sqft |
2020-11-01 | 65 days | 1,916 sqft |
2020-12-01 | 67 days | 1,892 sqft |
2021-01-01 | 70 days | 1,918 sqft |
2021-02-01 | 55 days | 1,881 sqft |
2021-03-01 | 35 days | 1,930 sqft |
2021-04-01 | 27 days | 1,953 sqft |
2021-05-01 | 23 days | 1,980 sqft |
2021-06-01 | 24 days | 1,919 sqft |
2021-07-01 | 29 days | 1,922 sqft |
2021-08-01 | 36 days | 1,903 sqft |
2021-09-01 | 42 days | 1,888 sqft |
2021-10-01 | 50 days | 1,870 sqft |
2021-11-01 | 58 days | 1,923 sqft |
2021-12-01 | 63 days | 1,927 sqft |
2022-01-01 | 69 days | 1,930 sqft |
2022-02-01 | 56 days | 1,936 sqft |
2022-03-01 | 39 days | 1,979 sqft |
2022-04-01 | 36 days | 2,007 sqft |
2022-05-01 | 35 days | 2,013 sqft |
2022-06-01 | 37 days | 2,018 sqft |
2022-07-01 | 43 days | 2,006 sqft |
2022-08-01 | 54 days | 1,997 sqft |
2022-09-01 | 62 days | 2,004 sqft |
2022-10-01 | 67 days | 2,009 sqft |
2022-11-01 | 75 days | 1,986 sqft |
2022-12-01 | 85 days | 1,982 sqft |
2023-01-01 | 88 days | 1,983 sqft |
2023-02-01 | 85 days | 1,960 sqft |
2023-03-01 | 69 days | 1,988 sqft |
2023-04-01 | 64 days | 1,997 sqft |
Crestview's median square footage for active listings during the 2023-04-01 period was 1,997 sqft. One year prior, the average listing was 2,007 sqft.