Gainesville USDA Loans

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 5.49% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

    The average rate for the prior week (2022-05-13) was 5.37% and one month ago for the week of 2022-04-15, the average rate was 5.17%.

    The average rate one year ago was 3.01%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.34%.

    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 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. Total Fees
    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 .