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%.

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 $449,000 (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 for 2023-04-01 was $699,900, a difference of $52,157 (8.1%) versus the prior year and $32,421 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2023-04-01 was 64 days. This is 78% longer than the same period one year ago.

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.