Homosassa Springs USDA Loans

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 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%), .