Crestview USDA Loan Rates, Closing Costs & Stats

CRESTVIEW-FORT WALTON BEACH-DESTIN, FL

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    • 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 -0.49% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

    Crestview's average USDA mortgage closing costs are $5,256.

    The average rate for the prior week (2023-11-17) was 6.5% and one month ago for the week of 2023-10-20, the average rate was 7.02%.

    The average rate one year ago was 5.76%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.46%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 5.44% $5,275
    UNIVERSITY LENDING GROUP, LLC 5 4.00% $7,610
    UNITED WHOLESALE MORTGAGE, LLC 3 4.10% $8,233
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 4.83% $6,782
    MOVEMENT MORTGAGE, LLC 3 4.96% $12,112
    INSPIRE HOME LOANS INC. 3 5.25% $9,806
    LOANDEPOT.COM, LLC 2 4.63% $9,670
    Bank of England 2 5.50% $9,381
    CARDINAL FINANCIAL 2 4.94% $5,965
    HOME POINT FINANCIAL CORPORATION 1 3.25% $5,871
    MORTGAGE FINANCIAL SERVICES, LLC 1 4.13% $3,289
    PLAZA HOME MORTGAGE, INC. 1 5.63% $9,145
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.63% $5,449
    United Fidelity Funding Corp. 1 4.75% $8,757
    ACADEMY MORTGAGE CORPORATION 1 6.00% $8,659
    Waterstone Mortgage Corporation 1 5.63% $7,834
    CBM Mortgage, Inc. 1 5.13% $9,141
    DHI MORTGAGE COMPANY, LTD. 1 2.88% $7,030
    FIDELITY BANK 1 4.13% $6,146
    FIRST COMMUNITY MORTGAGE, INC. 1 5.63% $5,949
    FIRST EQUITY MORTGAGE BANKERS, INC. 1 4.50% $11,221
    GUARANTEED RATE AFFINITY, LLC 1 3.25% $6,858
    GUARANTEED RATE, INC. 1 4.63% $9,928
    GUILD MORTGAGE COMPANY 1 4.75% $9,691

    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. Louis
    Date 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 $449,571 (12.7%) $792,916 (8.5%) 1.47 3,238
    2019-04-01 $469,000 (17.5%) $817,515 (11.4%) 1.49 3,317
    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 $489,064 (23.3%) $872,456 (19.1%) 1.55 3,183
    2019-09-01 $495,159 (24.2%) $880,322 (21.3%) 1.58 3,170
    2019-10-01 $499,950 (25.3%) $886,015 (20.9%) 1.61 3,160
    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 (17.9%) $904,813 (14.1%) 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 (2.0%) $943,256 (8.1%) 1.43 2,236
    2020-09-01 $499,000 (0.8%) $940,788 (6.9%) 1.43 2,060
    2020-10-01 $489,000 (-2.2%) $960,273 (8.4%) 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%) 1.38 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%) 1.65 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 $607,425 (27.0%) $1,143,415 (18.8%) 1.62 1,500
    2021-12-01 $600,025 (27.0%) $1,150,873 (17.9%) 1.63 1,295
    2022-01-01 $599,909 (28.9%) $1,203,382 (22.2%) 1.62 1,057
    2022-02-01 $604,725 (28.1%) $1,268,969 (25.6%) 1.57 857
    2022-03-01 $620,799 (24.4%) $1,302,105 (23.7%) 1.55 928
    2022-04-01 $646,485 (15.4%) $1,347,231 (20.9%) 1.54 1,163
    2022-05-01 $649,500 (4.9%) $1,341,437 (16.6%) 1.48 1,520
    2022-06-01 $685,125 (14.4%) $1,389,993 (22.0%) 1.53 1,875
    2022-07-01 $689,900 (15.2%) $1,393,214 (22.5%) 1.55 2,337
    2022-08-01 $667,125 (11.2%) $1,359,261 (20.8%) 1.54 2,494
    2022-09-01 $662,250 (8.6%) $1,326,133 (16.3%) 1.55 2,591
    2022-10-01 $667,975 (11.4%) $1,320,653 (15.8%) 1.57 2,680
    2022-11-01 $646,954 (6.5%) $1,292,133 (13.0%) 1.56 2,736
    2022-12-01 $639,700 (6.6%) $1,293,770 (12.4%) 1.58 2,613
    2023-01-01 $627,450 (4.6%) $1,271,351 (5.7%) 1.56 2,518
    2023-02-01 $631,104 (4.4%) $1,287,461 (1.5%) 1.52 2,464
    2023-03-01 $662,500 (6.7%) $1,345,085 (3.3%) 1.56 2,431
    2023-04-01 $699,250 (8.2%) $1,404,888 (4.3%) 1.63 2,470
    2023-05-01 $717,000 (10.4%) $1,449,542 (8.1%) 1.62 2,546
    2023-06-01 $725,000 (5.8%) $1,449,837 (4.3%) 1.63 2,663
    2023-07-01 $725,000 (5.1%) $1,430,036 (2.6%) 1.65 2,827
    2023-08-01 $719,800 (7.9%) $1,417,101 (4.3%) 1.65 2,941
    2023-09-01 $689,500 (4.1%) $1,358,512 (2.4%) 1.61 3,193
    2023-10-01 $677,000 (1.4%) $1,319,775 (-0.1%) 1.59 3,330
    Crestview's median listing price for 2023-10-01 was $677,000, a difference of $9,025 (1.4%) versus the prior year and $-12,500 versus the prior month.

    Crestview's median listing price comes in at 159% of the national average.

    Crestview's average listing price for 2023-10-01 was $1,319,775, a difference of $-878 (-0.1%) versus the prior year and $-38,737 versus the prior month.

    For the 2023-10-01 period, Crestview had 3,330 MLS listings, a difference of 137 listings (4%) versus the prior month and 650 listings (24%) 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
    2018-01-01 101 days 1,965 sqft
    2018-02-01 94 days 1,970 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 1,977 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 1,919 sqft
    2018-12-01 96 days 1,921 sqft
    2019-01-01 101 days 1,923 sqft
    2019-02-01 98 days 1,944 sqft
    2019-03-01 84 days 1,963 sqft
    2019-04-01 68 days 1,980 sqft
    2019-05-01 67 days 2,013 sqft
    2019-06-01 72 days 1,981 sqft
    2019-07-01 75 days 1,979 sqft
    2019-08-01 78 days 1,985 sqft
    2019-09-01 78 days 2,001 sqft
    2019-10-01 79 days 2,011 sqft
    2019-11-01 80 days 2,000 sqft
    2019-12-01 88 days 1,998 sqft
    2020-01-01 92 days 2,005 sqft
    2020-02-01 92 days 2,005 sqft
    2020-03-01 65 days 2,014 sqft
    2020-04-01 65 days 2,007 sqft
    2020-05-01 73 days 1,988 sqft
    2020-06-01 79 days 1,957 sqft
    2020-07-01 61 days 1,978 sqft
    2020-08-01 56 days 1,941 sqft
    2020-09-01 52 days 1,940 sqft
    2020-10-01 56 days 1,896 sqft
    2020-11-01 53 days 1,916 sqft
    2020-12-01 59 days 1,892 sqft
    2021-01-01 64 days 1,918 sqft
    2021-02-01 43 days 1,881 sqft
    2021-03-01 29 days 1,930 sqft
    2021-04-01 22 days 1,953 sqft
    2021-05-01 21 days 1,980 sqft
    2021-06-01 23 days 1,919 sqft
    2021-07-01 27 days 1,922 sqft
    2021-08-01 33 days 1,903 sqft
    2021-09-01 38 days 1,888 sqft
    2021-10-01 45 days 1,870 sqft
    2021-11-01 51 days 1,923 sqft
    2021-12-01 57 days 1,927 sqft
    2022-01-01 61 days 1,925 sqft
    2022-02-01 43 days 1,933 sqft
    2022-03-01 34 days 1,977 sqft
    2022-04-01 33 days 2,004 sqft
    2022-05-01 32 days 2,011 sqft
    2022-06-01 36 days 2,018 sqft
    2022-07-01 42 days 2,006 sqft
    2022-08-01 51 days 1,997 sqft
    2022-09-01 59 days 2,004 sqft
    2022-10-01 64 days 2,009 sqft
    2022-11-01 72 days 1,983 sqft
    2022-12-01 80 days 1,982 sqft
    2023-01-01 85 days 1,983 sqft
    2023-02-01 78 days 1,958 sqft
    2023-03-01 64 days 1,983 sqft
    2023-04-01 59 days 2,000 sqft
    2023-05-01 59 days 1,973 sqft
    2023-06-01 60 days 1,946 sqft
    2023-07-01 62 days 1,950 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
    Crestview's median listing age (time on market) for 2023-10-01 was 66 days. This is 3% longer than the same period one year ago.

    Crestview's median square footage for active listings during the 2023-10-01 period was 1,865 sqft. One year prior, the average listing was 2,009 sqft.