Gainesville USDA Loan Rates, Closing Costs & Stats

GAINESVILLE, 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.

    Gainesville's 44 lenders originated 137 USDA loans during 2021. The total origination value was $28,055,000, with an average USDA loan value of $204,781.

    Gainesville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Gainesville averaged 6.17% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

    Gainesville's average USDA mortgage closing costs are $5,936.

    The average rate for the prior week (2023-01-20) was 6.06% and one month ago for the week of 2022-12-23, the average rate was 6.39%.

    The average rate one year ago was 3.74%.

    For refis of the same type during the week of 2023-01-27, the average rate was 6.22%.

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

    Gainesville 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 Gainesville level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 19 3.09% $5,920
    Mortgage Lenders Investment Trading Corporation 14 3.21% $8,264
    DHI MORTGAGE COMPANY, LTD. 10 2.88% $5,905
    AMERICAN FINANCIAL NETWORK, INC. 10 3.08% $10,420
    UNION HOME MORTGAGE CORP. 7 2.96% $4,797
    FBC MORTGAGE, LLC 7 2.91% $6,017
    Ameris Bank 5 2.85% $5,841
    UNITED WHOLESALE MORTGAGE, LLC 5 2.85% $6,066
    Paramount Residential Mortgage Group, Inc. 5 2.83% $6,011
    CROSSCOUNTRY MORTGAGE, LLC 3 3.21% $8,003
    Advisors Mortgage Group, L.L.C. 3 2.75% $6,352
    MOVEMENT MORTGAGE, LLC 3 2.75% $5,981
    AMERIFIRST FINANCIAL CORPORATION 3 3.58% $7,662
    CALIBER HOME LOANS, INC. 3 2.75% $8,444
    FREEDOM MORTGAGE CORPORATION 2 3.13% $7,845
    AMERICAN FINANCIAL RESOURCES, INC. 2 3.06% $5,636
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.50% $7,799
    STOCKTON MORTGAGE CORPORATION 2 3.19% $4,919
    SUCCESS MORTGAGE PARTNERS, INC. 2 3.13% $7,754
    TOWNE MORTGAGE COMPANY 2 2.75% $4,877
    HOME POINT FINANCIAL CORPORATION 2 2.50% $6,366
    UNIVERSITY LENDING GROUP, LLC 1 3.13% $6,959
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.63% $4,921
    WATSON MORTGAGE CORP. 1 3.13% $6,379
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.13% $4,918
    AXIA FINANCIAL, LLC 1 2.75% $5,227
    Bank of England 1 3.00% $6,724
    Capital City Home Loans, LLC 1 2.25% $5,061
    Equity Prime Mortgage LLC 1 2.75% $2,714
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.38% $8,372
    First Home Bank 1 2.88% $5,020
    Gateway First Bank 1 2.75% $4,409
    HAMILTON HOME LOANS, INC. 1 2.75% $5,398
    Hometown Equity Mortgage, LLC 1 2.63% $7,001
    LEADERONE FINANCIAL CORPORATION 1 3.25% $5,667
    LOANDEPOT.COM, LLC 1 2.88% $7,249
    METROPLEX MORTGAGE SERVICES, INC. 1 3.00% $5,470
    MICHIGAN MUTUAL, INC. 1 3.00% $7,166
    Midwest Mortgage Associates Corporation 1 2.75% $5,132
    PENNYMAC LOAN SERVICES, LLC 1 2.75% $4,741
    Plains Commerce Bank 1 2.75% $6,273
    Prosperity Home Mortgage, LLC 1 2.75% $4,491
    Regions Bank 1 2.50% $5,019
    SUN WEST MORTGAGE COMPANY, INC. 1 2.50% $6,055

    The top Gainesville USDA lender as defined by loan originations is AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC, with 19 USDA loans originated. Their average total fees are $5,920, which is $2,344 lower than the next largest lender, Mortgage Lenders Investment Trading Corporation.

    The lowest fee Gainesville USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($5,905), AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC ($5,920), Mortgage Lenders Investment Trading Corporation ($8,264), AMERICAN FINANCIAL NETWORK, INC. ($10,420) and .

    The lowest rate Gainesville USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (2.88%), AMERICAN FINANCIAL NETWORK, INC. (3.08%), AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC (3.09%), Mortgage Lenders Investment Trading Corporation (3.21%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Gainesville (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 $239,900 (14.6%) $307,845 (12.2%) 0.89 1,055
    2018-02-01 $242,015 (12.7%) $310,186 (12.2%) 0.88 1,091
    2018-03-01 $245,000 (8.9%) $304,608 (8.1%) 0.86 1,144
    2018-04-01 $244,876 (8.8%) $307,261 (7.9%) 0.83 1,208
    2018-05-01 $249,700 (8.6%) $312,591 (8.5%) 0.83 1,203
    2018-06-01 $246,700 (7.3%) $312,051 (9.9%) 0.82 1,252
    2018-07-01 $246,571 (7.3%) $309,460 (7.4%) 0.82 1,296
    2018-08-01 $244,950 (6.9%) $306,792 (6.6%) 0.82 1,300
    2018-09-01 $244,200 (6.2%) $307,151 (5.8%) 0.82 1,259
    2018-10-01 $244,900 (7.5%) $309,497 (8.1%) 0.83 1,231
    2018-11-01 $239,823 (4.5%) $305,669 (3.6%) 0.81 1,206
    2018-12-01 $239,900 (1.5%) $305,145 (2.2%) 0.83 1,159
    2019-01-01 $244,950 (2.1%) $310,484 (0.9%) 0.85 1,150
    2019-02-01 $249,900 (3.3%) $313,668 (1.1%) 0.84 1,173
    2019-03-01 $251,571 (2.7%) $312,217 (2.5%) 0.82 1,200
    2019-04-01 $257,000 (5.0%) $402,770 (31.1%) 0.82 1,224
    2019-05-01 $264,440 (5.9%) $495,691 (58.6%) 0.83 1,222
    2019-06-01 $264,995 (7.4%) $328,441 (5.3%) 0.83 1,203
    2019-07-01 $267,968 (8.7%) $330,054 (6.7%) 0.84 1,162
    2019-08-01 $265,791 (8.5%) $327,531 (6.8%) 0.84 1,169
    2019-09-01 $262,477 (7.5%) $322,564 (5.0%) 0.84 1,176
    2019-10-01 $264,318 (7.9%) $319,252 (3.2%) 0.85 1,158
    2019-11-01 $269,000 (12.2%) $319,934 (4.7%) 0.88 1,063
    2019-12-01 $265,225 (10.6%) $317,225 (4.0%) 0.88 1,050
    2020-01-01 $272,050 (11.1%) $322,492 (3.9%) 0.91 993
    2020-02-01 $274,400 (9.8%) $326,124 (4.0%) 0.90 1,026
    2020-03-01 $281,111 (11.7%) $329,119 (5.4%) 0.88 1,101
    2020-04-01 $281,900 (9.7%) $328,269 (-18.5%) 0.88 1,119
    2020-05-01 $289,000 (9.3%) $347,828 (-29.8%) 0.88 1,030
    2020-06-01 $290,000 (9.4%) $356,209 (8.5%) 0.85 913
    2020-07-01 $288,245 (7.6%) $353,910 (7.2%) 0.84 919
    2020-08-01 $279,900 (5.3%) $347,646 (6.1%) 0.80 891
    2020-09-01 $279,495 (6.5%) $349,745 (8.4%) 0.80 864
    2020-10-01 $277,950 (5.2%) $347,455 (8.8%) 0.80 835
    2020-11-01 $263,198 (-2.2%) $346,730 (8.4%) 0.77 829
    2020-12-01 $254,625 (-4.0%) $345,378 (8.9%) 0.76 777
    2021-01-01 $259,900 (-4.5%) $345,011 (7.0%) 0.78 704
    2021-02-01 $263,195 (-4.1%) $346,063 (6.1%) 0.77 602
    2021-03-01 $265,000 (-5.7%) $361,121 (9.7%) 0.75 524
    2021-04-01 $289,675 (2.8%) $396,947 (20.9%) 0.78 491
    2021-05-01 $289,900 (0.3%) $388,091 (11.6%) 0.77 503
    2021-06-01 $289,500 (-0.2%) $389,669 (9.4%) 0.76 536
    2021-07-01 $280,000 (-2.9%) $389,261 (10.0%) 0.74 602
    2021-08-01 $286,995 (2.5%) $392,886 (13.0%) 0.77 673
    2021-09-01 $284,945 (2.0%) $398,868 (14.1%) 0.76 687
    2021-10-01 $297,950 (7.2%) $411,989 (18.6%) 0.79 625
    2021-11-01 $299,225 (13.7%) $412,920 (19.1%) 0.80 566
    2021-12-01 $305,377 (19.9%) $432,223 (25.2%) 0.83 484
    2022-01-01 $309,900 (19.2%) $423,489 (22.8%) 0.84 408
    2022-02-01 $329,250 (25.1%) $432,570 (25.0%) 0.86 387
    2022-03-01 $330,338 (24.7%) $437,146 (21.1%) 0.83 393
    2022-04-01 $349,900 (20.8%) $477,468 (20.3%) 0.84 388
    2022-05-01 $369,450 (27.4%) $481,097 (24.0%) 0.84 456
    2022-06-01 $374,975 (29.5%) $472,026 (21.1%) 0.84 602
    2022-07-01 $360,000 (28.6%) $458,262 (17.7%) 0.81 726
    2022-08-01 $354,500 (23.5%) $456,019 (16.1%) 0.82 753
    2022-09-01 $353,267 (24.0%) $447,385 (12.2%) 0.83 785
    2022-10-01 $344,900 (15.8%) $435,341 (5.7%) 0.81 808
    2022-11-01 $342,450 (14.5%) $433,152 (4.9%) 0.82 795
    2022-12-01 $347,500 (13.8%) $440,889 (2.0%) 0.87 764
    Gainesville's median listing price for 2022-12-01 was $347,500, a difference of $42,123 (13.8%) versus the prior year and $5,050 versus the prior month.

    Gainesville's median listing price comes in at 87% of the national average.

    Gainesville's average listing price for 2022-12-01 was $440,889, a difference of $8,666 (2.0%) versus the prior year and $7,737 versus the prior month.

    For the 2022-12-01 period, Gainesville had 764 MLS listings, a difference of -31 listings (-4%) versus the prior month and 280 listings (58%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Gainesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 105 days 1,775 sqft
    2018-02-01 93 days 1,779 sqft
    2018-03-01 64 days 1,792 sqft
    2018-04-01 59 days 1,805 sqft
    2018-05-01 59 days 1,821 sqft
    2018-06-01 61 days 1,798 sqft
    2018-07-01 67 days 1,790 sqft
    2018-08-01 77 days 1,788 sqft
    2018-09-01 85 days 1,781 sqft
    2018-10-01 87 days 1,785 sqft
    2018-11-01 90 days 1,745 sqft
    2018-12-01 93 days 1,759 sqft
    2019-01-01 94 days 1,767 sqft
    2019-02-01 87 days 1,798 sqft
    2019-03-01 73 days 1,773 sqft
    2019-04-01 60 days 1,787 sqft
    2019-05-01 60 days 1,816 sqft
    2019-06-01 65 days 1,840 sqft
    2019-07-01 76 days 1,856 sqft
    2019-08-01 80 days 1,839 sqft
    2019-09-01 81 days 1,818 sqft
    2019-10-01 82 days 1,824 sqft
    2019-11-01 89 days 1,827 sqft
    2019-12-01 94 days 1,800 sqft
    2020-01-01 93 days 1,805 sqft
    2020-02-01 81 days 1,791 sqft
    2020-03-01 58 days 1,805 sqft
    2020-04-01 63 days 1,815 sqft
    2020-05-01 80 days 1,838 sqft
    2020-06-01 95 days 1,829 sqft
    2020-07-01 69 days 1,784 sqft
    2020-08-01 75 days 1,716 sqft
    2020-09-01 83 days 1,700 sqft
    2020-10-01 89 days 1,700 sqft
    2020-11-01 79 days 1,671 sqft
    2020-12-01 81 days 1,641 sqft
    2021-01-01 85 days 1,663 sqft
    2021-02-01 74 days 1,620 sqft
    2021-03-01 50 days 1,621 sqft
    2021-04-01 44 days 1,687 sqft
    2021-05-01 41 days 1,686 sqft
    2021-06-01 41 days 1,655 sqft
    2021-07-01 44 days 1,662 sqft
    2021-08-01 45 days 1,660 sqft
    2021-09-01 48 days 1,632 sqft
    2021-10-01 57 days 1,662 sqft
    2021-11-01 64 days 1,661 sqft
    2021-12-01 77 days 1,609 sqft
    2022-01-01 68 days 1,608 sqft
    2022-02-01 42 days 1,604 sqft
    2022-03-01 41 days 1,645 sqft
    2022-04-01 42 days 1,705 sqft
    2022-05-01 36 days 1,768 sqft
    2022-06-01 37 days 1,793 sqft
    2022-07-01 41 days 1,768 sqft
    2022-08-01 52 days 1,733 sqft
    2022-09-01 56 days 1,742 sqft
    2022-10-01 61 days 1,705 sqft
    2022-11-01 71 days 1,701 sqft
    2022-12-01 78 days 1,708 sqft
    Gainesville's median listing age (time on market) for 2022-12-01 was 78 days. This is 2% longer than the same period one year ago.

    Gainesville's median square footage for active listings during the 2022-12-01 period was 1,708 sqft. One year prior, the average listing was 1,609 sqft.