Homosassa Springs USDA Loan Rates, Closing Costs & Stats

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 25 lenders originated 48 USDA loans during 2023. The total origination value was $10,610,000, with an average USDA loan value of $221,042.

Homosassa Springs USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Homosassa Springs averaged 6.15% for the week of 2024-10-11, compared to the national average (all USDA variants) of 6.08% for the same period.

Homosassa Springs's average USDA mortgage closing costs are $5,930.

The average rate for the prior week (2024-10-04) was 5.94% and one month ago for the week of 2024-09-06, the average rate was 6.13%.

The average rate one year ago was 7.32%.

For refis of the same type during the week of 2024-10-11, the average rate was 6.4%.

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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Homosassa Springs level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
METROPLEX MORTGAGE SERVICES, INC. 12 6.63% $7,734
OPEN MORTGAGE, LLC 5 6.35% $8,418
CMG MORTGAGE, INC. 2 6.00% $10,621
CROSSCOUNTRY MORTGAGE, LLC 2 5.81% $10,671
SUCCESS MORTGAGE PARTNERS, INC. 2 6.19% $12,212
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.38% $7,305
NEWREZ LLC 2 6.50% $9,545
AMERICAN BANCSHARES MORTGAGE 2 7.00% $10,878
Paramount Residential Mortgage Group, Inc. 2 6.81% $10,938
Mortgage Research Center, LLC 1 6.13% $4,799
MOVEMENT MORTGAGE, LLC 1 6.00% $6,194
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.50% $7,984
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $10,095
Renasant Bank 1 6.50% $5,114
UNION HOME MORTGAGE CORP. 1 6.50% $6,773
UNITED WHOLESALE MORTGAGE, LLC 1 7.25% $5,113
Wolfe Financial, Inc 1 5.63% $11,058
AMERICAN FINANCIAL RESOURCES, INC. 1 6.88% $4,805
Bank of England 1 6.25% $10,517
Equity Prime Mortgage LLC 1 6.50% $5,597
EVERETT FINANCIAL, INC. 1 6.00% $8,148
FBC MORTGAGE, LLC 1 6.75% $12,733
GENEVA FINANCIAL, LLC 1 6.63% $11,394
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.63% $14,279
MID AMERICA MORTGAGE, INC. 1 6.38% $6,986

The top Homosassa Springs USDA lender as defined by loan originations is METROPLEX MORTGAGE SERVICES, INC., with 12 USDA loans originated. Their average total fees are $7,734, which is $684 lower than the next largest lender, OPEN MORTGAGE, LLC.

The lowest fee Homosassa Springs USDA lenders (with over 10 loans originated) are METROPLEX MORTGAGE SERVICES, INC. ($7,734), .

The lowest rate Homosassa Springs USDA lenders (with over 10 loans originated) are METROPLEX MORTGAGE SERVICES, INC. (6.63%), .