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 14 lenders originated 21 USDA loans during 2023. The total origination value was $5,015,000, with an average USDA loan value of $238,810.

Crestview USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Crestview averaged 6.43% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Crestview's average USDA mortgage closing costs are $5,377.

The average rate for the prior week (2024-04-05) was 6.46% and one month ago for the week of 2024-03-08, the average rate was 6.32%.

The average rate one year ago was 5.82%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.68%.

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

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.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
MOVEMENT MORTGAGE, LLC 4 6.38% $9,331
Bank of England 3 5.71% $9,832
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.56% $8,170
Waterstone Mortgage Corporation 2 6.25% $8,556
1ST SIGNATURE LENDING, LLC 1 6.75% $11,731
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.25% $16,382
SUCCESS MORTGAGE PARTNERS, INC. 1 7.63% $6,480
SUN WEST MORTGAGE COMPANY, INC. 1 7.10% $5,442
THE MORTGAGE FIRM, INC. 1 6.25% $10,784
UNITED WHOLESALE MORTGAGE, LLC 1 5.50% $8,789
NEWREZ LLC 1 6.75% $5,270
Ameris Bank 1 7.63% $7,866
FIRST STATE MORTGAGE SERVICES, LLC 1 6.00% $7,329
INSPIRE HOME LOANS INC. 1 4.88% $6,704

The top Crestview USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 4 USDA loans originated. Their average total fees are $9,331, which is $501 lower than the next largest lender, Bank of England.

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. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $398,500 (4.2%) $729,543 (0.0%) 1.48 3,256
2018-02-01 $399,000 (1.7%) $717,782 (-3.0%) 1.45 3,313
2018-03-01 $399,000 (0.0%) $730,276 (-2.0%) 1.40 3,401
2018-04-01 $399,250 (1.1%) $735,377 (0.1%) 1.35 3,472
2018-05-01 $399,450 (0.4%) $737,944 (-0.2%) 1.33 3,477
2018-06-01 $399,999 (0.0%) $736,346 (-1.2%) 1.33 3,541
2018-07-01 $399,000 (-1.0%) $728,970 (-3.1%) 1.33 3,580
2018-08-01 $397,000 (-5.0%) $735,618 (-3.1%) 1.33 3,529
2018-09-01 $399,000 (-2.7%) $725,507 (-3.4%) 1.34 3,537
2018-10-01 $399,450 (-0.6%) $732,231 (-1.5%) 1.35 3,494
2018-11-01 $399,000 (-0.1%) $728,089 (-0.8%) 1.35 3,440
2018-12-01 $417,000 (4.4%) $754,393 (2.3%) 1.44 3,327
2019-01-01 $422,399 (6.0%) $758,325 (4.0%) 1.46 3,184
2019-02-01 $427,500 (7.1%) $771,619 (7.5%) 1.44 3,182
2019-03-01 $450,086 (12.8%) $793,481 (8.7%) 1.47 3,245
2019-04-01 $469,100 (17.5%) $818,991 (11.4%) 1.49 3,323
2019-05-01 $474,950 (18.9%) $843,541 (14.3%) 1.48 3,287
2019-06-01 $477,767 (19.4%) $843,547 (14.6%) 1.49 3,264
2019-07-01 $482,138 (20.8%) $860,762 (18.1%) 1.51 3,221
2019-08-01 $489,034 (23.2%) $873,717 (18.8%) 1.55 3,195
2019-09-01 $495,160 (24.1%) $881,502 (21.5%) 1.58 3,183
2019-10-01 $499,963 (25.2%) $887,141 (21.2%) 1.61 3,173
2019-11-01 $500,000 (25.3%) $885,588 (21.6%) 1.64 3,096
2019-12-01 $499,900 (19.9%) $883,288 (17.1%) 1.67 2,961
2020-01-01 $505,000 (19.6%) $880,533 (16.1%) 1.69 2,800
2020-02-01 $525,000 (22.8%) $901,590 (16.8%) 1.72 2,718
2020-03-01 $530,146 (17.8%) $905,035 (14.1%) 1.66 2,890
2020-04-01 $519,875 (10.8%) $874,087 (6.7%) 1.63 3,121
2020-05-01 $525,000 (10.5%) $881,975 (4.6%) 1.60 3,118
2020-06-01 $499,950 (4.6%) $895,456 (6.2%) 1.47 2,716
2020-07-01 $508,000 (5.4%) $929,291 (8.0%) 1.47 2,460
2020-08-01 $499,000 (2.0%) $941,820 (7.8%) 1.43 2,245
2020-09-01 $497,975 (0.6%) $940,559 (6.7%) 1.43 2,068
2020-10-01 $489,900 (-2.0%) $968,458 (9.2%) 1.40 1,927
2020-11-01 $479,000 (-4.2%) $970,847 (9.6%) 1.40 1,859
2020-12-01 $473,978 (-5.2%) $980,210 (11.0%) 1.41 1,678
2021-01-01 $468,900 (-7.2%) $993,524 (12.8%) 1.40 1,453
2021-02-01 $473,393 (-9.8%) $1,016,333 (12.7%) 1.38 1,174
2021-03-01 $499,000 (-5.9%) $1,055,618 (16.6%) 1.42 1,029
2021-04-01 $565,000 (8.7%) $1,121,784 (28.3%) 1.53 983
2021-05-01 $619,500 (18.0%) $1,162,236 (31.8%) 1.65 1,023
2021-06-01 $599,450 (19.9%) $1,153,952 (28.9%) 1.58 1,182
2021-07-01 $599,900 (18.1%) $1,143,037 (23.0%) 1.58 1,449
2021-08-01 $599,950 (20.2%) $1,128,583 (19.8%) 1.60 1,649
2021-09-01 $609,963 (22.5%) $1,144,800 (21.7%) 1.63 1,683
2021-10-01 $599,900 (22.5%) $1,141,658 (17.9%) 1.60 1,614
2021-11-01 $607,450 (26.8%) $1,143,031 (17.7%) 1.62 1,500
2021-12-01 $601,275 (26.9%) $1,150,481 (17.4%) 1.63 1,295
2022-01-01 $599,909 (27.9%) $1,204,534 (21.2%) 1.62 1,060
2022-02-01 $604,725 (27.7%) $1,268,593 (24.8%) 1.57 859
2022-03-01 $620,799 (24.4%) $1,301,722 (23.3%) 1.55 930
2022-04-01 $646,485 (14.4%) $1,347,231 (20.1%) 1.54 1,163
2022-05-01 $649,500 (4.8%) $1,341,620 (15.4%) 1.48 1,521
2022-06-01 $685,800 (14.4%) $1,390,186 (20.5%) 1.53 1,878
2022-07-01 $689,950 (15.0%) $1,394,484 (22.0%) 1.55 2,339
2022-08-01 $667,125 (11.2%) $1,360,971 (20.6%) 1.54 2,496
2022-09-01 $662,500 (8.6%) $1,327,859 (16.0%) 1.55 2,593
2022-10-01 $669,000 (11.5%) $1,320,969 (15.7%) 1.57 2,683
2022-11-01 $648,475 (6.8%) $1,293,765 (13.2%) 1.56 2,736
2022-12-01 $639,900 (6.4%) $1,294,220 (12.5%) 1.58 2,615
2023-01-01 $627,450 (4.6%) $1,271,837 (5.6%) 1.55 2,520
2023-02-01 $632,200 (4.5%) $1,288,481 (1.6%) 1.53 2,468
2023-03-01 $667,450 (7.5%) $1,349,862 (3.7%) 1.57 2,432
2023-04-01 $699,500 (8.2%) $1,405,742 (4.3%) 1.63 2,470
2023-05-01 $719,450 (10.8%) $1,449,095 (8.0%) 1.63 2,546
2023-06-01 $725,000 (5.7%) $1,450,078 (4.3%) 1.63 2,663
2023-07-01 $725,000 (5.1%) $1,429,656 (2.5%) 1.65 2,827
2023-08-01 $719,800 (7.9%) $1,417,101 (4.1%) 1.65 2,941
2023-09-01 $689,500 (4.1%) $1,358,512 (2.3%) 1.61 3,193
2023-10-01 $677,000 (1.2%) $1,319,775 (-0.1%) 1.59 3,330
2023-11-01 $649,450 (0.2%) $1,291,771 (-0.2%) 1.55 3,465
2023-12-01 $639,250 (-0.1%) $1,282,633 (-0.9%) 1.56 3,411
2024-01-01 $637,000 (1.5%) $1,277,571 (0.5%) 1.56 3,379
2024-02-01 $642,350 (1.6%) $1,276,889 (-0.9%) 1.55 3,476
2024-03-01 $644,000 (-3.5%) $1,279,910 (-5.2%) 1.52 3,848
Crestview's median listing price for 2024-03-01 was $644,000, a difference of $-23,450 (-3.5%) versus the prior year and $1,650 versus the prior month.

Crestview's median listing price comes in at 152% of the national average.

Crestview's average listing price for 2024-03-01 was $1,279,910, a difference of $-69,952 (-5.2%) versus the prior year and $3,021 versus the prior month.

For the 2024-03-01 period, Crestview had 3,848 MLS listings, a difference of 372 listings (11%) versus the prior month and 1,416 listings (58%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Crestview (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 102 days 1,965 sqft
2018-02-01 94 days 1,969 sqft
2018-03-01 72 days 1,979 sqft
2018-04-01 67 days 1,978 sqft
2018-05-01 68 days 1,999 sqft
2018-06-01 72 days 2,000 sqft
2018-07-01 78 days 1,978 sqft
2018-08-01 84 days 1,970 sqft
2018-09-01 85 days 1,958 sqft
2018-10-01 89 days 1,933 sqft
2018-11-01 89 days 1,920 sqft
2018-12-01 96 days 1,922 sqft
2019-01-01 101 days 1,923 sqft
2019-02-01 98 days 1,945 sqft
2019-03-01 84 days 1,963 sqft
2019-04-01 69 days 1,980 sqft
2019-05-01 67 days 2,011 sqft
2019-06-01 72 days 1,981 sqft
2019-07-01 76 days 1,978 sqft
2019-08-01 78 days 1,985 sqft
2019-09-01 78 days 2,002 sqft
2019-10-01 79 days 2,012 sqft
2019-11-01 81 days 2,004 sqft
2019-12-01 88 days 2,000 sqft
2020-01-01 93 days 2,005 sqft
2020-02-01 92 days 2,005 sqft
2020-03-01 65 days 2,015 sqft
2020-04-01 65 days 2,008 sqft
2020-05-01 74 days 1,991 sqft
2020-06-01 79 days 1,960 sqft
2020-07-01 61 days 1,980 sqft
2020-08-01 56 days 1,943 sqft
2020-09-01 53 days 1,940 sqft
2020-10-01 56 days 1,904 sqft
2020-11-01 53 days 1,919 sqft
2020-12-01 59 days 1,894 sqft
2021-01-01 64 days 1,920 sqft
2021-02-01 43 days 1,881 sqft
2021-03-01 29 days 1,933 sqft
2021-04-01 22 days 1,957 sqft
2021-05-01 21 days 1,985 sqft
2021-06-01 23 days 1,923 sqft
2021-07-01 27 days 1,927 sqft
2021-08-01 33 days 1,907 sqft
2021-09-01 38 days 1,891 sqft
2021-10-01 45 days 1,870 sqft
2021-11-01 51 days 1,923 sqft
2021-12-01 57 days 1,928 sqft
2022-01-01 61 days 1,933 sqft
2022-02-01 43 days 1,933 sqft
2022-03-01 34 days 1,975 sqft
2022-04-01 33 days 1,999 sqft
2022-05-01 32 days 2,012 sqft
2022-06-01 36 days 2,018 sqft
2022-07-01 42 days 2,008 sqft
2022-08-01 52 days 1,998 sqft
2022-09-01 59 days 2,004 sqft
2022-10-01 64 days 2,010 sqft
2022-11-01 72 days 1,984 sqft
2022-12-01 80 days 1,982 sqft
2023-01-01 85 days 1,984 sqft
2023-02-01 78 days 1,961 sqft
2023-03-01 64 days 1,987 sqft
2023-04-01 59 days 2,000 sqft
2023-05-01 59 days 1,970 sqft
2023-06-01 60 days 1,947 sqft
2023-07-01 63 days 1,952 sqft
2023-08-01 67 days 1,941 sqft
2023-09-01 65 days 1,900 sqft
2023-10-01 66 days 1,865 sqft
2023-11-01 71 days 1,862 sqft
2023-12-01 79 days 1,837 sqft
2024-01-01 87 days 1,830 sqft
2024-02-01 87 days 1,828 sqft
2024-03-01 66 days 1,823 sqft
Crestview's median listing age (time on market) for 2024-03-01 was 66 days. This is 3% longer than the same period one year ago.

Crestview's median square footage for active listings during the 2024-03-01 period was 1,823 sqft. One year prior, the average listing was 1,987 sqft.