Deltona USDA Loans

DELTONA-DAYTONA BEACH-ORMOND BEACH, 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.

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.