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 10 lenders originated 20 USDA loans during 2024. The total origination value was $4,510,000, with an average USDA loan value of $225,500.

Gainesville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Gainesville averaged 0.07% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Gainesville's average USDA mortgage closing costs are $6,213.

The average rate for the prior week (2025-06-13) was 6.37% and one month ago for the week of 2025-05-16, the average rate was 6.73%.

The average rate one year ago was 6.75%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.46%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Lenders Investment Trading Corporation 4 6.44% $8,621
AFFORDABLE MORTGAGE ADVISORS, LLC. 4 6.28% $7,468
METROPLEX MORTGAGE SERVICES, INC. 3 6.46% $9,047
CMG MORTGAGE, INC. 1 5.88% $14,768
CROSSCOUNTRY MORTGAGE, LLC 1 6.00% $7,447
DHI MORTGAGE COMPANY, LTD. 1 4.25% $6,867
EVERETT FINANCIAL, INC. 1 6.50% $10,585
UNION HOME MORTGAGE CORP. 1 5.50% $11,774
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.63% $4,896
Century Mortgage Company DBA Century Lending Company 1 6.38% $11,116

The top Gainesville USDA lender as defined by loan originations is Mortgage Lenders Investment Trading Corporation, with 4 USDA loans originated. Their average total fees are $8,621, which is $1,154 higher than the next largest lender, AFFORDABLE MORTGAGE ADVISORS, LLC..

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

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