Crestview USDA Loans

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 46 lenders originated 153 USDA loans during 2021. The total origination value was $30,385,000, with an average USDA loan value of $198,595.

Crestview USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Crestview averaged 6.25% for the week of 2022-09-23, compared to the national average (all USDA variants) of 6.08% for the same period.

The average rate for the prior week (2022-09-16) was 6.08% and one month ago for the week of 2022-08-19, the average rate was 5.47%.

The average rate one year ago was 3%.

For refis of the same type during the week of 2022-09-23, the average rate was 5.82%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Crestview level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 3.30% $5,917
Hometown Lenders, Inc. 9 3.07% $5,986
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 3.24% $5,248
Waterstone Mortgage Corporation 9 3.46% $6,640
MORTGAGE ONE OF THE SOUTH, INC. 8 2.55% $5,269
DHI MORTGAGE COMPANY, LTD. 7 2.57% $5,810
LOANDEPOT.COM, LLC 6 2.56% $6,351
CERTAINTY HOME LOANS, LLC 6 3.00% $5,500
UNITED WHOLESALE MORTGAGE, LLC 6 2.82% $5,991
Centennial Bank 5 3.08% $5,568
UNIVERSITY LENDING GROUP, LLC 5 2.88% $6,014
SUCCESS MORTGAGE PARTNERS, INC. 5 3.20% $6,611
BROKER SOLUTIONS, INC. 4 3.00% $4,913
Bank of England 4 2.84% $6,000
Carrington Mortgage Services, LLC 4 3.16% $5,096
HOME POINT FINANCIAL CORPORATION 3 2.83% $4,538
FIDELITY BANK 3 2.96% $6,167
Colten Mortgage, LLC 3 2.92% $3,948
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.96% $7,657
Ameris Bank 3 3.04% $5,245
Renasant Bank 3 2.79% $6,457
Beach Community Mortgage Services, Inc. 2 2.75% $5,996
AMERICAN MORTGAGE SERVICE COMPANY 2 3.31% $8,317
ACOPIA, LLC 2 2.75% $5,763
FBC MORTGAGE, LLC 2 3.31% $7,981
FIRST COMMUNITY MORTGAGE, INC. 2 3.25% $5,028
GUILD MORTGAGE COMPANY 2 2.44% $5,961
Hometown Equity Mortgage, LLC 2 2.94% $6,320
METROPLEX MORTGAGE SERVICES, INC. 2 2.88% $6,940
Trustmark National Bank 2 2.94% $5,179
LAKEVIEW LOAN SERVICING, LLC 1 3.50% $3,477
GUARANTEED RATE, INC. 1 2.75% $9,679
CALIBER HOME LOANS, INC. 1 3.13% $6,193
GUARANTEED RATE AFFINITY, LLC 1 3.38% $5,754
PENNYMAC LOAN SERVICES, LLC 1 2.63% $5,167
PLAZA HOME MORTGAGE, INC. 1 3.50% $10,893
First Guaranty Mortgage Corporation 1 2.50% $7,139
First Federal Bank 1 2.75% $5,719
CROSSCOUNTRY MORTGAGE, LLC 1 3.63% $8,027
SHELTER MORTGAGE COMPANY, L.L.C. 1 3.13% $5,121
COUNTRYPLACE MORTGAGE, LTD. 1 3.75% $12,288
BancorpSouth Bank 1 3.13% $4,662
UNION HOME MORTGAGE CORP. 1 3.38% $3,390
CBM Mortgage, Inc. 1 3.00% $5,522
INLANTA MORTGAGE, INC. 1 3.50% $7,082
INTERLINC MORTGAGE SERVICES, LLC 1 2.75% $3,091

The top Crestview USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 13 USDA loans originated. Their average total fees are $5,917, which is $69 lower than the next largest lender, Hometown Lenders, Inc..

The lowest fee Crestview USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,917), .

The lowest rate Crestview USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION (3.30%), .


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 $361,450 (2.6%) $625,143 (-1.5%) 1.33 2,997
2018-02-01 $367,350 (2.1%) $623,564 (-3.0%) 1.33 3,042
2018-03-01 $367,000 (0.6%) $631,408 (-3.0%) 1.27 3,130
2018-04-01 $369,950 (0.3%) $633,251 (-1.4%) 1.24 3,186
2018-05-01 $372,500 (1.0%) $639,323 (-1.3%) 1.24 3,182
2018-06-01 $372,725 (-0.5%) $630,607 (-2.8%) 1.24 3,237
2018-07-01 $364,900 (-2.7%) $618,183 (-5.1%) 1.22 3,251
2018-08-01 $359,900 (-5.3%) $620,633 (-5.0%) 1.20 3,210
2018-09-01 $364,900 (-4.0%) $615,820 (-5.5%) 1.22 3,231
2018-10-01 $366,450 (-2.3%) $624,284 (-3.7%) 1.23 3,180
2018-11-01 $364,900 (-1.6%) $619,297 (-4.1%) 1.22 3,154
2018-12-01 $375,000 (1.8%) $640,411 (-0.3%) 1.28 3,047
2019-01-01 $377,000 (4.3%) $641,578 (2.6%) 1.30 2,915
2019-02-01 $382,900 (4.2%) $656,868 (5.3%) 1.28 2,900
2019-03-01 $399,714 (8.9%) $678,820 (7.5%) 1.30 2,951
2019-04-01 $414,950 (12.2%) $701,816 (10.8%) 1.31 3,002
2019-05-01 $424,000 (13.8%) $720,948 (12.8%) 1.31 2,964
2019-06-01 $429,000 (15.1%) $733,726 (16.4%) 1.32 2,936
2019-07-01 $436,250 (19.6%) $748,493 (21.1%) 1.36 2,892
2019-08-01 $437,143 (21.5%) $752,535 (21.3%) 1.38 2,840
2019-09-01 $440,000 (20.6%) $754,160 (22.5%) 1.40 2,804
2019-10-01 $446,889 (22.0%) $748,630 (19.9%) 1.43 2,797
2019-11-01 $449,000 (23.1%) $748,681 (20.9%) 1.45 2,770
2019-12-01 $449,000 (19.7%) $746,254 (16.5%) 1.50 2,645
2020-01-01 $452,500 (20.0%) $754,020 (17.5%) 1.51 2,494
2020-02-01 $474,900 (24.0%) $775,338 (18.0%) 1.53 2,425
2020-03-01 $481,500 (20.5%) $778,314 (14.7%) 1.50 2,596
2020-04-01 $469,500 (13.2%) $756,726 (7.8%) 1.46 2,805
2020-05-01 $470,000 (10.9%) $756,672 (5.0%) 1.42 2,784
2020-06-01 $459,450 (7.1%) $758,067 (3.3%) 1.34 2,453
2020-07-01 $461,950 (5.9%) $785,515 (5.0%) 1.32 2,221
2020-08-01 $449,900 (2.9%) $792,223 (5.3%) 1.29 2,020
2020-09-01 $449,425 (2.1%) $800,554 (6.2%) 1.28 1,876
2020-10-01 $439,000 (-1.8%) $799,234 (6.8%) 1.25 1,757
2020-11-01 $434,450 (-3.2%) $806,193 (7.7%) 1.24 1,708
2020-12-01 $437,000 (-2.7%) $828,588 (11.0%) 1.28 1,582
2021-01-01 $430,000 (-5.0%) $852,777 (13.1%) 1.27 1,366
2021-02-01 $446,950 (-5.9%) $886,885 (14.4%) 1.29 1,111
2021-03-01 $449,909 (-6.6%) $913,577 (17.4%) 1.26 964
2021-04-01 $487,000 (3.7%) $956,881 (26.5%) 1.31 909
2021-05-01 $525,000 (11.7%) $976,851 (29.1%) 1.38 922
2021-06-01 $522,500 (13.7%) $975,804 (28.7%) 1.36 1,058
2021-07-01 $549,000 (18.8%) $969,527 (23.4%) 1.43 1,298
2021-08-01 $550,000 (22.3%) $943,454 (19.1%) 1.45 1,480
2021-09-01 $556,500 (23.8%) $944,335 (18.0%) 1.46 1,511
2021-10-01 $550,000 (25.3%) $962,108 (20.4%) 1.45 1,472
2021-11-01 $561,450 (29.2%) $1,002,130 (24.3%) 1.48 1,379
2021-12-01 $564,700 (29.2%) $1,013,020 (22.3%) 1.51 1,205
2022-01-01 $569,000 (32.3%) $1,048,923 (23.0%) 1.52 973
2022-02-01 $580,000 (29.8%) $1,136,094 (28.1%) 1.48 789
2022-03-01 $599,448 (33.2%) $1,186,764 (29.9%) 1.48 852
2022-04-01 $600,000 (23.2%) $1,208,179 (26.3%) 1.41 1,042
2022-05-01 $602,430 (14.8%) $1,179,039 (20.7%) 1.35 1,404
2022-06-01 $639,500 (22.4%) $1,213,588 (24.4%) 1.42 1,707
2022-07-01 $629,900 (14.7%) $1,190,565 (22.8%) 1.40 2,140
2022-08-01 $617,000 (12.2%) $1,156,549 (22.6%) 1.42 2,279
Crestview's median listing price for 2022-08-01 was $617,000, a difference of $67,000 (12.2%) versus the prior year and $-12,900 versus the prior month.

Crestview's median listing price comes in at 142% of the national average.

Crestview's average listing price for 2022-08-01 was $1,156,549, a difference of $213,095 (22.6%) versus the prior year and $-34,016 versus the prior month.

For the 2022-08-01 period, Crestview had 2,279 MLS listings, a difference of 139 listings (6%) versus the prior month and 799 listings (54%) 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
2018-01-01 120 days 1,946 sqft
2018-02-01 114 days 1,950 sqft
2018-03-01 95 days 1,959 sqft
2018-04-01 81 days 1,961 sqft
2018-05-01 79 days 1,979 sqft
2018-06-01 84 days 1,978 sqft
2018-07-01 89 days 1,954 sqft
2018-08-01 94 days 1,931 sqft
2018-09-01 96 days 1,924 sqft
2018-10-01 101 days 1,901 sqft
2018-11-01 102 days 1,886 sqft
2018-12-01 107 days 1,884 sqft
2019-01-01 113 days 1,885 sqft
2019-02-01 108 days 1,902 sqft
2019-03-01 93 days 1,921 sqft
2019-04-01 77 days 1,947 sqft
2019-05-01 76 days 1,957 sqft
2019-06-01 80 days 1,942 sqft
2019-07-01 87 days 1,939 sqft
2019-08-01 87 days 1,934 sqft
2019-09-01 88 days 1,927 sqft
2019-10-01 87 days 1,941 sqft
2019-11-01 92 days 1,945 sqft
2019-12-01 97 days 1,942 sqft
2020-01-01 101 days 1,948 sqft
2020-02-01 102 days 1,950 sqft
2020-03-01 78 days 1,964 sqft
2020-04-01 73 days 1,963 sqft
2020-05-01 79 days 1,932 sqft
2020-06-01 87 days 1,883 sqft
2020-07-01 72 days 1,896 sqft
2020-08-01 65 days 1,863 sqft
2020-09-01 64 days 1,865 sqft
2020-10-01 64 days 1,814 sqft
2020-11-01 66 days 1,845 sqft
2020-12-01 65 days 1,823 sqft
2021-01-01 72 days 1,825 sqft
2021-02-01 63 days 1,818 sqft
2021-03-01 38 days 1,871 sqft
2021-04-01 29 days 1,907 sqft
2021-05-01 25 days 1,924 sqft
2021-06-01 25 days 1,866 sqft
2021-07-01 28 days 1,867 sqft
2021-08-01 35 days 1,846 sqft
2021-09-01 41 days 1,833 sqft
2021-10-01 49 days 1,819 sqft
2021-11-01 54 days 1,877 sqft
2021-12-01 61 days 1,894 sqft
2022-01-01 70 days 1,909 sqft
2022-02-01 61 days 1,921 sqft
2022-03-01 41 days 1,955 sqft
2022-04-01 37 days 1,963 sqft
2022-05-01 35 days 1,974 sqft
2022-06-01 38 days 1,999 sqft
2022-07-01 43 days 1,961 sqft
2022-08-01 53 days 1,955 sqft
Crestview's median listing age (time on market) for 2022-08-01 was 53 days. This is 51% longer than the same period one year ago.

Crestview's median square footage for active listings during the 2022-08-01 period was 1,955 sqft. One year prior, the average listing was 1,846 sqft.