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 6.61% for the week of 2024-05-24, compared to the national average (all USDA variants) of 6.738% for the same period.

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

The average rate for the prior week (2024-05-17) was 6.59% and one month ago for the week of 2024-04-19, the average rate was 6.83%.

The average rate one year ago was 6.54%.

For refis of the same type during the week of 2024-05-24, the average rate was 7.06%.

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
Homosassa Springs's median listing price for 2024-04-01 was $332,450, a difference of $7,450 (2.3%) versus the prior year and $2,550 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 2024-04-01 was $406,349, a difference of $10,384 (2.6%) versus the prior year and $-12,932 versus the prior month.

For the 2024-04-01 period, Homosassa Springs had 1,242 MLS listings, a difference of 5 listings (0%) versus the prior month and 410 listings (49%) 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 1,699 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
Homosassa Springs's median listing age (time on market) for 2024-04-01 was 64 days. This is 18% longer than the same period one year ago.

Homosassa Springs's median square footage for active listings during the 2024-04-01 period was 1,692 sqft. One year prior, the average listing was 1,690 sqft.