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%.

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.