Homosassa Springs USDA Loans

HOMOSASSA SPRINGS, 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.

Homosassa Springs's 50 lenders originated 155 USDA loans during 2021. The total origination value was $26,595,000, with an average USDA loan value of $171,581.

Homosassa Springs USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Homosassa Springs averaged 5.45% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.47% and one month ago for the week of 2022-07-01, the average rate was 5.8%.

The average rate one year ago was 3.19%.

For refis of the same type during the week of 2022-08-05, the average rate was 4.99%.

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

Homosassa Springs 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 Homosassa Springs level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
METROPLEX MORTGAGE SERVICES, INC. 17 2.77% $5,872
OPEN MORTGAGE, LLC 10 2.80% $5,554
AMERIFIRST FINANCIAL CORPORATION 10 3.90% $6,603
NATIONS RELIABLE LENDING, LLC 9 3.01% $6,933
PRIMARY RESIDENTIAL MORTGAGE, INC. 8 3.28% $6,150
Paramount Residential Mortgage Group, Inc. 8 2.91% $5,931
SUCCESS MORTGAGE PARTNERS, INC. 6 3.15% $6,863
Ixonia Bank 5 3.13% $6,386
UNITED WHOLESALE MORTGAGE, LLC 5 2.73% $6,234
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 3.15% $6,516
CALIBER HOME LOANS, INC. 4 2.93% $5,047
MOVEMENT MORTGAGE, LLC 4 3.44% $5,670
INSPIRE HOME LOANS INC. 3 2.92% $5,655
LOANDEPOT.COM, LLC 3 3.17% $6,086
Regions Bank 3 2.96% $4,074
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.25% $6,452
AMERICAN FINANCIAL NETWORK, INC. 3 3.54% $8,782
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 3.21% $6,907
Bank of England 3 2.79% $7,423
Capital City Home Loans, LLC 2 3.19% $5,092
Hometown Equity Mortgage, LLC 2 3.19% $6,862
EVERETT FINANCIAL, INC. 2 3.69% $4,682
Colten Mortgage, LLC 2 2.88% $3,452
MORTGAGE EQUITY PARTNERS LLC 2 3.06% $7,386
HOME POINT FINANCIAL CORPORATION 2 3.06% $6,170
Carrington Mortgage Services, LLC 2 4.38% $6,266
THE MORTGAGE FIRM, INC. 2 3.13% $7,174
UNION HOME MORTGAGE CORP. 2 3.31% $3,845
WATSON MORTGAGE CORP. 1 2.88% $5,323
AMERICAN FINANCIAL RESOURCES, INC. 1 2.63% $8,754
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.88% $5,712
Christensen Financial, Inc. 1 3.25% $6,645
CITYWIDE HOME LOANS, LLC 1 3.13% $4,470
CONTOUR MORTGAGE CORPORATION 1 2.63% $4,705
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.13% $6,316
FBC MORTGAGE, LLC 1 3.38% $3,446
First Federal Bank 1 2.75% $4,786
GENEVA FINANCIAL, LLC 1 4.00% $6,154
Goldwater Bank, N.A. 1 3.75% $4,956
GUARANTEED RATE, INC. 1 3.50% $7,297
HAMILTON HOME LOANS, INC. 1 2.99% $6,463
Hometown Lenders, Inc. 1 3.88% $6,130
MICHIGAN MUTUAL, INC. 1 3.13% $3,836
NEWREZ LLC 1 3.50% $4,264
Plains Commerce Bank 1 2.75% $8,764
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $6,487
SIGNATURE MORTGAGE CORPORATION 1 3.50% $5,284
South State Bank 1 3.00% $4,084
Waterstone Mortgage Corporation 1 3.38% $8,540
ABSOLUTE HOME MORTGAGE CORPORATION 1 3.63% $5,310

The top Homosassa Springs USDA lender as defined by loan originations is METROPLEX MORTGAGE SERVICES, INC., with 17 USDA loans originated. Their average total fees are $5,872, which is $318 higher than the next largest lender, OPEN MORTGAGE, LLC.

The lowest fee Homosassa Springs USDA lenders (with over 10 loans originated) are OPEN MORTGAGE, LLC ($5,554), METROPLEX MORTGAGE SERVICES, INC. ($5,872), AMERIFIRST FINANCIAL CORPORATION ($6,603), .

The lowest rate Homosassa Springs USDA lenders (with over 10 loans originated) are METROPLEX MORTGAGE SERVICES, INC. (2.77%), OPEN MORTGAGE, LLC (2.80%), AMERIFIRST FINANCIAL CORPORATION (3.90%), .