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 34 lenders originated 68 USDA loans during 2022. The total origination value was $14,620,000, with an average USDA loan value of $215,000.

    Homosassa Springs USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Homosassa Springs averaged 6.55% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

    Homosassa Springs's average USDA mortgage closing costs are $5,729.

    The average rate for the prior week (2023-05-19) was 5.99% and one month ago for the week of 2023-04-21, the average rate was 6.1%.

    The average rate one year ago was 5.22%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.44%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    METROPLEX MORTGAGE SERVICES, INC. 9 4.65% $7,986
    OPEN MORTGAGE, LLC 7 4.39% $8,102
    CALIBER HOME LOANS, INC. 7 4.20% $7,239
    SUCCESS MORTGAGE PARTNERS, INC. 4 5.31% $9,637
    UNITED WHOLESALE MORTGAGE, LLC 4 5.34% $6,143
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.88% $10,166
    Ixonia Bank 2 4.19% $6,749
    HOME POINT FINANCIAL CORPORATION 2 4.43% $14,660
    Truist 2 5.94% $8,377
    AMERIFIRST FINANCIAL CORPORATION 2 5.38% $8,060
    FINANCE OF AMERICA MORTGAGE LLC 1 5.13% $9,371
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 5.25% $6,100
    Goldwater Bank, N.A. 1 3.25% $10,957
    HAMILTON HOME LOANS, INC. 1 5.63% $8,287
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.75% $8,331
    MLB RESIDENTIAL LENDING, LLC 1 3.50% $6,622
    MORTGAGE EQUITY PARTNERS LLC 1 3.25% $7,299
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 4.13% $8,501
    Paramount Residential Mortgage Group, Inc. 1 5.50% $6,149
    PLAZA HOME MORTGAGE, INC. 1 7.00% $10,962
    PREFERRED LENDING SERVICES, LLC 1 3.50% $8,071
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.00% $5,348
    Regions Bank 1 3.75% $5,777
    TruHome Solutions, LLC 1 4.00% $7,496
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.88% $10,595
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.25% $8,585
    Ameris Bank 1 3.00% $6,078
    CARDINAL FINANCIAL 1 4.75% $4,910
    Carrington Mortgage Services, LLC 1 5.63% $8,810
    Century Mortgage Company DBA Century Lending Company 1 4.75% $7,106
    CROSSCOUNTRY MORTGAGE, LLC 1 5.63% $12,235
    DHI MORTGAGE COMPANY, LTD. 1 5.38% $8,571
    EVERETT FINANCIAL, INC. 1 4.75% $5,169
    FBC MORTGAGE, LLC 1 2.99% $10,401

    The top Homosassa Springs USDA lender as defined by loan originations is METROPLEX MORTGAGE SERVICES, INC., with 9 USDA loans originated. Their average total fees are $7,986, which is $116 lower than the next largest lender, OPEN MORTGAGE, LLC.

    The lowest fee Homosassa Springs USDA lenders (with over 10 loans originated) are .

    The lowest rate Homosassa Springs USDA lenders (with over 10 loans originated) are .

    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 (6.9%) 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 $217,450 (-5.5%) $272,985 (-1.2%) 0.72 1,412
    2019-04-01 $218,975 (-4.5%) $276,008 (-0.2%) 0.70 1,299
    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 $219,900 (-1.5%) $272,865 (-0.6%) 0.69 1,060
    2019-09-01 $224,550 (-0.2%) $280,750 (-1.2%) 0.71 970
    2019-10-01 $219,700 (-2.3%) $277,902 (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 (3.4%) $293,830 (7.5%) 0.71 992
    2020-04-01 $219,900 (0.4%) $289,314 (5.1%) 0.69 924
    2020-05-01 $224,900 (3.4%) $298,460 (9.8%) 0.68 823
    2020-06-01 $221,013 (0.5%) $295,815 (8.3%) 0.65 697
    2020-07-01 $230,925 (7.4%) $312,487 (17.9%) 0.67 600
    2020-08-01 $229,900 (4.6%) $309,860 (16.0%) 0.66 533
    2020-09-01 $230,975 (2.9%) $320,811 (18.2%) 0.66 492
    2020-10-01 $235,250 (7.1%) $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%) $467,303 (23.9%) 0.81 322
    2022-03-01 $313,500 (25.7%) $462,096 (18.3%) 0.78 295
    2022-04-01 $317,350 (26.4%) $433,865 (15.0%) 0.76 317
    2022-05-01 $315,000 (26.1%) $424,494 (6.6%) 0.72 402
    2022-06-01 $339,125 (28.3%) $456,400 (13.7%) 0.76 491
    2022-07-01 $339,900 (23.6%) $435,580 (6.6%) 0.77 617
    2022-08-01 $329,250 (19.9%) $408,735 (-0.6%) 0.76 658
    2022-09-01 $319,675 (19.6%) $399,857 (-2.2%) 0.75 686
    2022-10-01 $330,000 (18.6%) $409,403 (-2.1%) 0.78 741
    2022-11-01 $327,350 (10.3%) $400,403 (-8.3%) 0.79 886
    2022-12-01 $319,900 (6.7%) $390,489 (-12.3%) 0.79 938
    2023-01-01 $321,313 (3.8%) $389,899 (-15.6%) 0.80 897
    2023-02-01 $330,000 (6.5%) $400,284 (-14.3%) 0.80 861
    2023-03-01 $332,475 (6.1%) $400,023 (-13.4%) 0.78 864
    2023-04-01 $325,000 (2.4%) $395,965 (0.0%) 0.76 832
    Homosassa Springs's median listing price for 2023-04-01 was $325,000, a difference of $7,650 (2.4%) versus the prior year and $-7,475 versus the prior month.

    Homosassa Springs's median listing price comes in at 76% of the national average.

    Homosassa Springs's average listing price for 2023-04-01 was $395,965, a difference of $-37,900 (0.0%) versus the prior year and $-4,058 versus the prior month.

    For the 2023-04-01 period, Homosassa Springs had 832 MLS listings, a difference of -32 listings (-4%) versus the prior month and 515 listings (162%) 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 80 days 1,869 sqft
    2018-02-01 79 days 1,875 sqft
    2018-03-01 69 days 1,884 sqft
    2018-04-01 69 days 1,857 sqft
    2018-05-01 73 days 1,848 sqft
    2018-06-01 73 days 1,846 sqft
    2018-07-01 79 days 1,831 sqft
    2018-08-01 80 days 1,831 sqft
    2018-09-01 79 days 1,830 sqft
    2018-10-01 76 days 1,838 sqft
    2018-11-01 74 days 1,841 sqft
    2018-12-01 77 days 1,815 sqft
    2019-01-01 82 days 1,822 sqft
    2019-02-01 82 days 1,814 sqft
    2019-03-01 80 days 1,815 sqft
    2019-04-01 81 days 1,802 sqft
    2019-05-01 81 days 1,795 sqft
    2019-06-01 85 days 1,808 sqft
    2019-07-01 85 days 1,789 sqft
    2019-08-01 86 days 1,807 sqft
    2019-09-01 87 days 1,819 sqft
    2019-10-01 75 days 1,775 sqft
    2019-11-01 73 days 1,817 sqft
    2019-12-01 77 days 1,812 sqft
    2020-01-01 80 days 1,816 sqft
    2020-02-01 82 days 1,819 sqft
    2020-03-01 77 days 1,829 sqft
    2020-04-01 84 days 1,819 sqft
    2020-05-01 93 days 1,819 sqft
    2020-06-01 94 days 1,812 sqft
    2020-07-01 72 days 1,823 sqft
    2020-08-01 73 days 1,777 sqft
    2020-09-01 67 days 1,746 sqft
    2020-10-01 51 days 1,762 sqft
    2020-11-01 51 days 1,727 sqft
    2020-12-01 54 days 1,734 sqft
    2021-01-01 63 days 1,726 sqft
    2021-02-01 51 days 1,734 sqft
    2021-03-01 44 days 1,709 sqft
    2021-04-01 49 days 1,690 sqft
    2021-05-01 41 days 1,656 sqft
    2021-06-01 36 days 1,670 sqft
    2021-07-01 37 days 1,706 sqft
    2021-08-01 37 days 1,705 sqft
    2021-09-01 42 days 1,706 sqft
    2021-10-01 51 days 1,673 sqft
    2021-11-01 47 days 1,762 sqft
    2021-12-01 48 days 1,732 sqft
    2022-01-01 47 days 1,725 sqft
    2022-02-01 37 days 1,715 sqft
    2022-03-01 36 days 1,700 sqft
    2022-04-01 32 days 1,681 sqft
    2022-05-01 30 days 1,681 sqft
    2022-06-01 30 days 1,743 sqft
    2022-07-01 35 days 1,733 sqft
    2022-08-01 44 days 1,715 sqft
    2022-09-01 49 days 1,707 sqft
    2022-10-01 52 days 1,725 sqft
    2022-11-01 51 days 1,719 sqft
    2022-12-01 61 days 1,690 sqft
    2023-01-01 73 days 1,698 sqft
    2023-02-01 71 days 1,712 sqft
    2023-03-01 56 days 1,714 sqft
    2023-04-01 55 days 1,690 sqft
    Homosassa Springs's median listing age (time on market) for 2023-04-01 was 55 days. This is 72% longer than the same period one year ago.

    Homosassa Springs's median square footage for active listings during the 2023-04-01 period was 1,690 sqft. One year prior, the average listing was 1,681 sqft.