Gainesville USDA Loan Rates, Closing Costs & Stats
GAINESVILLE, 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.
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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.