Deltona USDA Loans

DELTONA-DAYTONA BEACH-ORMOND BEACH, 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.

    Deltona's 41 lenders originated 70 USDA loans during 2021. The total origination value was $16,040,000, with an average USDA loan value of $229,143.

    Deltona USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Deltona averaged 5.36% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-05-06) was 5.29% and one month ago for the week of 2022-04-08, the average rate was 5.06%.

    The average rate one year ago was 3.17%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.23%.

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

    Deltona 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 Deltona level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Mortgage Lenders Investment Trading Corporation 6 3.17% $8,242
    Plains Commerce Bank 4 2.72% $6,777
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.13% $7,222
    Christensen Financial, Inc. 3 3.25% $8,957
    METROPLEX MORTGAGE SERVICES, INC. 2 2.87% $8,162
    FIDELITY FUNDING MORTGAGE CORP. 2 3.00% $5,256
    AMERICAN FINANCIAL NETWORK, INC. 2 3.38% $11,704
    Paramount Residential Mortgage Group, Inc. 2 2.81% $7,548
    PENNYMAC LOAN SERVICES, LLC 2 2.81% $5,667
    PLANET HOME LENDING, LLC 2 2.81% $5,501
    CALIBER HOME LOANS, INC. 2 3.06% $6,238
    SUN WEST MORTGAGE COMPANY, INC. 2 2.56% $5,728
    THE MORTGAGE FIRM, INC. 2 2.81% $6,236
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.06% $5,932
    Waterstone Mortgage Corporation 2 3.63% $7,560
    HAMILTON HOME LOANS, INC. 2 3.00% $6,341
    HOME POINT FINANCIAL CORPORATION 2 2.88% $6,098
    CROSSCOUNTRY MORTGAGE, LLC 2 3.13% $4,185
    LOANDEPOT.COM, LLC 1 2.88% $4,183
    NATIONS RELIABLE LENDING, LLC 1 3.00% $7,036
    PANORAMA MORTGAGE GROUP, LLC 1 2.88% $8,516
    Regions Bank 1 2.75% $7,840
    SECURITYNATIONAL MORTGAGE COMPANY 1 2.88% $7,240
    FIRST COMMUNITY MORTGAGE, INC. 1 3.00% $4,535
    ACOPIA, LLC 1 3.00% $8,813
    Austin Capital Bank SSB 1 2.50% $5,755
    Bank of England 1 2.38% $7,010
    BROKER SOLUTIONS, INC. 1 3.00% $7,011
    Carrington Mortgage Services, LLC 1 2.50% $4,310
    Citizens Bank 1 3.63% $7,578
    COUNTRYPLACE MORTGAGE, LTD. 1 3.75% $9,524
    DHI MORTGAGE COMPANY, LTD. 1 2.50% $5,050
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 2.75% $6,539
    EMBRACE HOME LOANS, INC. 1 2.25% $3,676
    ENVOY MORTGAGE, LTD 1 3.88% $8,223
    Equity Prime Mortgage LLC 1 3.50% $7,142
    ABSOLUTE HOME MORTGAGE CORPORATION 1 2.75% $4,485
    Florida Capital Bank 1 2.75% $7,244
    FREEDOM MORTGAGE CORPORATION 1 3.50% $7,419
    GENEVA FINANCIAL, LLC 1 3.25% $5,303
    Hometown Equity Mortgage, LLC 1 2.50% $5,343

    The top Deltona USDA lender as defined by loan originations is Mortgage Lenders Investment Trading Corporation, with 6 USDA loans originated. Their average total fees are $8,242, which is $1,465 higher than the next largest lender, Plains Commerce Bank.

    The lowest fee Deltona USDA lenders (with over 10 loans originated) are .

    The lowest rate Deltona USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Deltona (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 $273,245 (-0.6%) $380,428 (-4.1%) 1.01 5,894
    2018-02-01 $273,945 (-1.6%) $380,970 (-5.3%) 0.99 5,941
    2018-03-01 $275,000 (-1.8%) $388,741 (-3.8%) 0.95 6,038
    2018-04-01 $283,000 (0.4%) $400,685 (-0.8%) 0.95 6,140
    2018-05-01 $289,950 (2.6%) $405,334 (0.4%) 0.97 6,287
    2018-06-01 $299,000 (5.5%) $411,228 (1.0%) 1.00 6,291
    2018-07-01 $298,750 (6.7%) $411,398 (2.0%) 1.00 6,409
    2018-08-01 $298,500 (6.6%) $412,747 (1.8%) 1.00 6,330
    2018-09-01 $289,999 (3.9%) $409,459 (1.8%) 0.97 6,456
    2018-10-01 $289,000 (5.2%) $406,753 (5.2%) 0.97 6,668
    2018-11-01 $288,950 (5.1%) $410,113 (6.1%) 0.97 6,795
    2018-12-01 $289,000 (5.1%) $416,479 (8.5%) 0.99 6,783
    2019-01-01 $289,000 (5.8%) $416,704 (9.5%) 1.00 6,844
    2019-02-01 $289,900 (5.8%) $416,810 (9.4%) 0.97 7,024
    2019-03-01 $292,086 (6.2%) $416,638 (7.2%) 0.95 6,857
    2019-04-01 $295,450 (4.4%) $416,284 (3.9%) 0.93 6,566
    2019-05-01 $295,900 (2.1%) $415,696 (2.6%) 0.91 6,464
    2019-06-01 $293,500 (-1.8%) $410,666 (-0.1%) 0.90 6,491
    2019-07-01 $289,000 (-3.3%) $405,080 (-1.5%) 0.90 6,353
    2019-08-01 $283,371 (-5.1%) $401,200 (-2.8%) 0.89 6,266
    2019-09-01 $282,101 (-2.7%) $399,409 (-2.5%) 0.90 6,144
    2019-10-01 $284,950 (-1.4%) $396,165 (-2.6%) 0.91 6,270
    2019-11-01 $284,500 (-1.5%) $393,548 (-4.0%) 0.92 6,189
    2019-12-01 $285,000 (-1.4%) $394,494 (-5.3%) 0.95 6,031
    2020-01-01 $285,000 (-1.4%) $396,994 (-4.7%) 0.95 5,968
    2020-02-01 $290,000 (0.0%) $401,789 (-3.6%) 0.94 5,937
    2020-03-01 $292,200 (0.0%) $402,770 (-3.3%) 0.91 6,070
    2020-04-01 $286,495 (-3.0%) $394,189 (-5.3%) 0.89 6,189
    2020-05-01 $289,000 (-2.3%) $393,622 (-5.3%) 0.88 5,866
    2020-06-01 $289,950 (-1.2%) $402,832 (-1.9%) 0.85 4,983
    2020-07-01 $291,990 (1.0%) $409,727 (1.2%) 0.84 4,390
    2020-08-01 $290,353 (2.5%) $415,283 (3.5%) 0.83 3,940
    2020-09-01 $295,745 (4.8%) $428,167 (7.2%) 0.85 3,585
    2020-10-01 $299,000 (4.9%) $433,543 (9.4%) 0.85 3,547
    2020-11-01 $299,450 (5.3%) $433,469 (10.1%) 0.86 3,517
    2020-12-01 $299,000 (4.9%) $431,640 (9.4%) 0.88 3,284
    2021-01-01 $299,900 (5.2%) $442,492 (11.5%) 0.88 2,919
    2021-02-01 $313,700 (8.2%) $462,990 (15.2%) 0.90 2,434
    2021-03-01 $324,246 (11.0%) $482,210 (19.7%) 0.91 1,881
    2021-04-01 $336,500 (17.5%) $503,962 (27.9%) 0.90 1,673
    2021-05-01 $342,225 (18.4%) $500,717 (27.2%) 0.90 1,694
    2021-06-01 $350,000 (20.7%) $503,318 (24.9%) 0.91 1,829
    2021-07-01 $349,867 (19.8%) $491,486 (20.0%) 0.91 2,033
    2021-08-01 $352,000 (21.2%) $486,502 (17.2%) 0.93 2,242
    2021-09-01 $359,150 (21.4%) $488,423 (14.1%) 0.95 2,373
    2021-10-01 $360,100 (20.4%) $497,625 (14.8%) 0.95 2,402
    2021-11-01 $364,900 (21.9%) $505,562 (16.6%) 0.96 2,277
    2021-12-01 $360,475 (20.6%) $506,202 (17.3%) 0.96 2,044
    2022-01-01 $359,900 (20.0%) $504,829 (14.1%) 0.96 1,766
    2022-02-01 $389,875 (24.3%) $554,325 (19.7%) 0.99 1,553
    2022-03-01 $395,735 (22.1%) $567,894 (17.8%) 0.98 1,444
    2022-04-01 $410,348 (22.0%) $591,558 (17.4%) 0.97 1,529
    Deltona's median listing price for 2022-04-01 was $410,348, a difference of $73,848 (22.0%) versus the prior year and $14,613 versus the prior month.

    Deltona's median listing price comes in at 97% of the national average.

    Deltona's average listing price for 2022-04-01 was $591,558, a difference of $87,596 (17.4%) versus the prior year and $23,664 versus the prior month.

    For the 2022-04-01 period, Deltona had 1,529 MLS listings, a difference of 85 listings (6%) versus the prior month and -144 listings (-9%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Deltona (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 79 days 1,916 sqft
    2018-02-01 74 days 1,903 sqft
    2018-03-01 65 days 1,902 sqft
    2018-04-01 67 days 1,897 sqft
    2018-05-01 68 days 1,925 sqft
    2018-06-01 73 days 1,935 sqft
    2018-07-01 74 days 1,916 sqft
    2018-08-01 74 days 1,912 sqft
    2018-09-01 73 days 1,906 sqft
    2018-10-01 71 days 1,908 sqft
    2018-11-01 72 days 1,908 sqft
    2018-12-01 79 days 1,900 sqft
    2019-01-01 85 days 1,880 sqft
    2019-02-01 80 days 1,885 sqft
    2019-03-01 72 days 1,889 sqft
    2019-04-01 74 days 1,887 sqft
    2019-05-01 74 days 1,857 sqft
    2019-06-01 74 days 1,846 sqft
    2019-07-01 74 days 1,832 sqft
    2019-08-01 77 days 1,832 sqft
    2019-09-01 78 days 1,828 sqft
    2019-10-01 76 days 1,827 sqft
    2019-11-01 72 days 1,815 sqft
    2019-12-01 75 days 1,813 sqft
    2020-01-01 79 days 1,795 sqft
    2020-02-01 70 days 1,799 sqft
    2020-03-01 59 days 1,785 sqft
    2020-04-01 68 days 1,755 sqft
    2020-05-01 78 days 1,754 sqft
    2020-06-01 87 days 1,762 sqft
    2020-07-01 76 days 1,775 sqft
    2020-08-01 66 days 1,772 sqft
    2020-09-01 59 days 1,781 sqft
    2020-10-01 51 days 1,804 sqft
    2020-11-01 53 days 1,800 sqft
    2020-12-01 59 days 1,768 sqft
    2021-01-01 64 days 1,745 sqft
    2021-02-01 47 days 1,739 sqft
    2021-03-01 44 days 1,755 sqft
    2021-04-01 39 days 1,783 sqft
    2021-05-01 35 days 1,758 sqft
    2021-06-01 33 days 1,757 sqft
    2021-07-01 33 days 1,732 sqft
    2021-08-01 36 days 1,736 sqft
    2021-09-01 39 days 1,722 sqft
    2021-10-01 41 days 1,732 sqft
    2021-11-01 43 days 1,724 sqft
    2021-12-01 48 days 1,714 sqft
    2022-01-01 46 days 1,700 sqft
    2022-02-01 34 days 1,701 sqft
    2022-03-01 33 days 1,724 sqft
    2022-04-01 30 days 1,753 sqft
    Deltona's median listing age (time on market) for 2022-04-01 was 30 days. This is -22% shorter than the same period one year ago.

    Deltona's median square footage for active listings during the 2022-04-01 period was 1,753 sqft. One year prior, the average listing was 1,783 sqft.