Homosassa Springs USDA Loan Rates, Closing Costs & Stats

HOMOSASSA SPRINGS, 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.

    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 6.27% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.41% and one month ago for the week of 2024-11-08, the average rate was 6.22%.

    The average rate one year ago was 6.59%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.82%.

    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%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Homosassa Springs (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 $224,950 (12.9%) $278,771 (13.1%) 0.83 1,135
    2018-02-01 $229,575 (15.4%) $278,371 (12.2%) 0.83 1,177
    2018-03-01 $230,000 (15.1%) $276,441 (11.2%) 0.81 1,197
    2018-04-01 $229,225 (14.7%) $275,590 (10.4%) 0.78 1,204
    2018-05-01 $228,425 (13.1%) $273,889 (6.8%) 0.76 1,157
    2018-06-01 $225,000 (9.8%) $275,133 (6.6%) 0.75 1,107
    2018-07-01 $224,900 (12.8%) $272,808 (5.8%) 0.75 1,110
    2018-08-01 $223,125 (14.2%) $268,676 (5.0%) 0.75 1,138
    2018-09-01 $224,900 (15.3%) $274,809 (6.8%) 0.76 1,174
    2018-10-01 $224,950 (13.1%) $274,484 (4.8%) 0.76 1,243
    2018-11-01 $224,900 (9.7%) $273,758 (2.9%) 0.76 1,300
    2018-12-01 $219,900 (0.8%) $263,609 (-4.3%) 0.76 1,389
    2019-01-01 $219,900 (-2.2%) $262,622 (-5.8%) 0.76 1,403
    2019-02-01 $213,325 (-7.1%) $268,041 (-3.7%) 0.72 1,433
    2019-03-01 $216,564 (-5.8%) $273,210 (-1.2%) 0.71 1,388
    2019-04-01 $218,175 (-4.8%) $275,116 (-0.2%) 0.69 1,306
    2019-05-01 $217,450 (-4.8%) $271,755 (-0.8%) 0.68 1,234
    2019-06-01 $219,900 (-2.3%) $273,124 (-0.7%) 0.69 1,136
    2019-07-01 $214,950 (-4.4%) $265,140 (-2.8%) 0.67 1,102
    2019-08-01 $212,591 (-4.7%) $267,106 (-0.6%) 0.67 1,068
    2019-09-01 $216,477 (-3.8%) $271,486 (-1.2%) 0.69 1,063
    2019-10-01 $219,068 (-2.6%) $276,606 (0.8%) 0.71 1,059
    2019-11-01 $220,000 (-2.2%) $286,819 (4.8%) 0.72 1,062
    2019-12-01 $219,500 (-0.2%) $287,306 (9.0%) 0.73 1,068
    2020-01-01 $220,000 (0.1%) $288,169 (9.7%) 0.74 1,050
    2020-02-01 $219,950 (3.1%) $284,953 (6.3%) 0.72 1,053
    2020-03-01 $224,900 (3.9%) $293,805 (7.5%) 0.71 993
    2020-04-01 $219,900 (0.8%) $289,291 (5.2%) 0.69 925
    2020-05-01 $224,900 (3.4%) $298,424 (9.8%) 0.68 824
    2020-06-01 $221,013 (0.5%) $295,795 (8.3%) 0.65 698
    2020-07-01 $230,925 (7.4%) $312,487 (17.9%) 0.67 601
    2020-08-01 $229,900 (8.1%) $309,860 (16.0%) 0.66 534
    2020-09-01 $230,975 (6.7%) $320,811 (18.2%) 0.66 492
    2020-10-01 $235,250 (7.4%) $314,721 (13.8%) 0.67 564
    2020-11-01 $234,950 (6.8%) $311,424 (8.6%) 0.69 585
    2020-12-01 $238,750 (8.8%) $329,546 (14.7%) 0.71 572
    2021-01-01 $239,900 (9.1%) $335,770 (16.5%) 0.72 465
    2021-02-01 $248,900 (13.2%) $377,274 (32.4%) 0.72 393
    2021-03-01 $249,475 (10.9%) $390,486 (32.9%) 0.71 297
    2021-04-01 $251,100 (14.2%) $377,127 (30.4%) 0.68 286
    2021-05-01 $249,900 (11.1%) $398,408 (33.5%) 0.66 268
    2021-06-01 $264,250 (19.6%) $401,526 (35.7%) 0.70 296
    2021-07-01 $275,000 (19.1%) $408,716 (30.8%) 0.73 331
    2021-08-01 $274,700 (19.5%) $411,121 (32.7%) 0.73 381
    2021-09-01 $267,350 (15.8%) $408,761 (27.4%) 0.71 391
    2021-10-01 $278,375 (18.3%) $418,069 (32.8%) 0.74 418
    2021-11-01 $296,773 (26.3%) $436,646 (40.2%) 0.79 413
    2021-12-01 $299,950 (25.6%) $445,120 (35.1%) 0.81 414
    2022-01-01 $309,450 (29.0%) $462,183 (37.7%) 0.84 353
    2022-02-01 $309,975 (24.5%) $467,543 (23.9%) 0.81 321
    2022-03-01 $313,500 (25.7%) $462,616 (18.5%) 0.78 294
    2022-04-01 $317,350 (26.4%) $433,865 (15.0%) 0.76 317
    2022-05-01 $313,750 (25.6%) $424,159 (6.5%) 0.72 403
    2022-06-01 $339,125 (28.3%) $456,400 (13.7%) 0.76 491
    2022-07-01 $335,000 (21.8%) $435,160 (6.5%) 0.75 617
    2022-08-01 $329,250 (19.9%) $408,647 (-0.6%) 0.76 658
    2022-09-01 $319,450 (19.5%) $399,460 (-2.3%) 0.75 687
    2022-10-01 $329,950 (18.5%) $409,196 (-2.1%) 0.78 741
    2022-11-01 $327,250 (10.3%) $400,127 (-8.4%) 0.79 887
    2022-12-01 $319,925 (6.7%) $390,272 (-12.3%) 0.79 938
    2023-01-01 $321,313 (3.8%) $389,814 (-15.7%) 0.80 897
    2023-02-01 $329,988 (6.5%) $400,165 (-14.4%) 0.80 861
    2023-03-01 $332,475 (6.1%) $399,914 (-13.6%) 0.78 864
    2023-04-01 $325,000 (2.4%) $395,965 (-8.7%) 0.76 832
    2023-05-01 $324,950 (3.6%) $400,316 (-5.6%) 0.74 813
    2023-06-01 $327,450 (-3.4%) $414,711 (-9.1%) 0.74 800
    2023-07-01 $329,950 (-1.5%) $409,625 (-5.9%) 0.75 800
    2023-08-01 $340,731 (3.5%) $414,244 (1.4%) 0.78 823
    2023-09-01 $340,000 (6.4%) $414,749 (3.8%) 0.79 829
    2023-10-01 $345,425 (4.7%) $415,283 (1.5%) 0.81 900
    2023-11-01 $339,900 (3.9%) $409,366 (2.3%) 0.81 1,048
    2023-12-01 $339,000 (6.0%) $409,102 (4.8%) 0.83 1,109
    2024-01-01 $329,900 (2.7%) $400,867 (2.8%) 0.81 1,111
    2024-02-01 $330,075 (0.0%) $403,422 (0.8%) 0.79 1,170
    2024-03-01 $329,900 (-0.8%) $419,281 (4.8%) 0.78 1,237
    2024-04-01 $332,450 (2.3%) $406,349 (2.6%) 0.77 1,242
    2024-05-01 $335,000 (3.1%) $409,908 (2.4%) 0.76 1,242
    2024-06-01 $325,000 (-0.8%) $415,097 (0.1%) 0.73 1,321
    2024-07-01 $325,000 (-1.5%) $416,953 (1.8%) 0.74 1,339
    2024-08-01 $325,000 (-4.6%) $417,169 (0.7%) 0.76 1,405
    2024-09-01 $329,900 (-3.0%) $414,754 (0.0%) 0.78 1,376
    2024-10-01 $324,900 (-5.9%) $402,810 (-3.0%) 0.76 1,336
    2024-11-01 $320,000 (-5.9%) $397,317 (-2.9%) 0.77 1,414
    Homosassa Springs's median listing price for 2024-11-01 was $320,000, a difference of $-19,900 (-5.9%) versus the prior year and $-4,900 versus the prior month.

    Homosassa Springs's median listing price comes in at 77% of the national average.

    Homosassa Springs's average listing price for 2024-11-01 was $397,317, a difference of $-12,049 (-2.9%) versus the prior year and $-5,493 versus the prior month.

    For the 2024-11-01 period, Homosassa Springs had 1,414 MLS listings, a difference of 78 listings (6%) versus the prior month and 366 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Homosassa Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 75 days 1,869 sqft
    2018-02-01 75 days 1,875 sqft
    2018-03-01 66 days 1,884 sqft
    2018-04-01 66 days 1,857 sqft
    2018-05-01 68 days 1,848 sqft
    2018-06-01 68 days 1,846 sqft
    2018-07-01 72 days 1,831 sqft
    2018-08-01 73 days 1,831 sqft
    2018-09-01 74 days 1,830 sqft
    2018-10-01 70 days 1,838 sqft
    2018-11-01 69 days 1,841 sqft
    2018-12-01 72 days 1,815 sqft
    2019-01-01 79 days 1,822 sqft
    2019-02-01 76 days 1,814 sqft
    2019-03-01 74 days 1,808 sqft
    2019-04-01 74 days 1,802 sqft
    2019-05-01 75 days 1,795 sqft
    2019-06-01 79 days 1,808 sqft
    2019-07-01 79 days 1,789 sqft
    2019-08-01 77 days 1,772 sqft
    2019-09-01 74 days 1,773 sqft
    2019-10-01 72 days 1,773 sqft
    2019-11-01 68 days 1,817 sqft
    2019-12-01 72 days 1,812 sqft
    2020-01-01 75 days 1,816 sqft
    2020-02-01 75 days 1,820 sqft
    2020-03-01 70 days 1,829 sqft
    2020-04-01 77 days 1,820 sqft
    2020-05-01 89 days 1,820 sqft
    2020-06-01 90 days 1,812 sqft
    2020-07-01 66 days 1,823 sqft
    2020-08-01 65 days 1,777 sqft
    2020-09-01 61 days 1,746 sqft
    2020-10-01 49 days 1,762 sqft
    2020-11-01 50 days 1,727 sqft
    2020-12-01 53 days 1,734 sqft
    2021-01-01 61 days 1,726 sqft
    2021-02-01 49 days 1,734 sqft
    2021-03-01 42 days 1,709 sqft
    2021-04-01 46 days 1,690 sqft
    2021-05-01 40 days 1,656 sqft
    2021-06-01 34 days 1,670 sqft
    2021-07-01 37 days 1,706 sqft
    2021-08-01 37 days 1,705 sqft
    2021-09-01 41 days 1,706 sqft
    2021-10-01 50 days 1,673 sqft
    2021-11-01 46 days 1,762 sqft
    2021-12-01 47 days 1,732 sqft
    2022-01-01 47 days 1,725 sqft
    2022-02-01 37 days 1,713 sqft
    2022-03-01 36 days 1,698 sqft
    2022-04-01 32 days 1,681 sqft
    2022-05-01 30 days 1,679 sqft
    2022-06-01 30 days 1,743 sqft
    2022-07-01 35 days 1,739 sqft
    2022-08-01 44 days 1,715 sqft
    2022-09-01 48 days 1,705 sqft
    2022-10-01 52 days 1,726 sqft
    2022-11-01 50 days 1,719 sqft
    2022-12-01 60 days 1,690 sqft
    2023-01-01 72 days 1,700 sqft
    2023-02-01 70 days 1,712 sqft
    2023-03-01 55 days 1,714 sqft
    2023-04-01 54 days 1,690 sqft
    2023-05-01 54 days 1,693 sqft
    2023-06-01 52 days 1,722 sqft
    2023-07-01 56 days 1,720 sqft
    2023-08-01 57 days 1,732 sqft
    2023-09-01 58 days 1,726 sqft
    2023-10-01 58 days 1,740 sqft
    2023-11-01 53 days 1,707 sqft
    2023-12-01 60 days 1,701 sqft
    2024-01-01 70 days 1,698 sqft
    2024-02-01 63 days 1,705 sqft
    2024-03-01 57 days 1,692 sqft
    2024-04-01 64 days 1,692 sqft
    2024-05-01 64 days 1,688 sqft
    2024-06-01 61 days 1,672 sqft
    2024-07-01 66 days 1,672 sqft
    2024-08-01 72 days 1,676 sqft
    2024-09-01 73 days 1,676 sqft
    2024-10-01 79 days 1,656 sqft
    2024-11-01 79 days 1,655 sqft
    Homosassa Springs's median listing age (time on market) for 2024-11-01 was 79 days. This is 50% longer than the same period one year ago.

    Homosassa Springs's median square footage for active listings during the 2024-11-01 period was 1,655 sqft. One year prior, the average listing was 1,707 sqft.