Lakeland USDA Loan Rates, Closing Costs & Stats
LAKELAND-WINTER HAVEN, 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.
Lakeland's 49 lenders originated 117 USDA loans during 2022. The total origination value was $30,475,000, with an average USDA loan value of $260,470.
Lakeland USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Lakeland
averaged
6.54%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Lakeland's average USDA mortgage closing costs are $6,452.
The average rate for the prior week (2023-05-19) was
6.28% and
one month ago for the week of 2023-04-21, the
average rate was 6.29%.
The average rate one year ago was 5.01%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.19%.
Lakeland 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 Lakeland level.
The top Lakeland USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with
9 USDA loans originated. Their average total fees are
$10,110, which is $1,760
higher than the next largest lender,
HOME POINT FINANCIAL CORPORATION.
The lowest fee Lakeland USDA lenders (with over 10 loans originated) are
.
The lowest rate Lakeland USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Lakeland (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $219,000 (9.5%) | $258,826 (8.0%) | 0.81 | 2,625 |
2018-02-01 | $219,900 (7.6%) | $259,826 (6.9%) | 0.80 | 2,645 |
2018-03-01 | $222,900 (8.8%) | $263,409 (7.6%) | 0.78 | 2,576 |
2018-04-01 | $224,950 (7.1%) | $273,667 (9.4%) | 0.76 | 2,501 |
2018-05-01 | $224,950 (4.7%) | $275,646 (9.3%) | 0.75 | 2,518 |
2018-06-01 | $225,000 (3.7%) | $275,270 (7.5%) | 0.75 | 2,535 |
2018-07-01 | $228,375 (4.5%) | $278,348 (7.9%) | 0.76 | 2,534 |
2018-08-01 | $227,425 (3.6%) | $276,628 (6.9%) | 0.76 | 2,663 |
2018-09-01 | $225,000 (2.4%) | $272,410 (5.2%) | 0.76 | 2,803 |
2018-10-01 | $224,900 (2.5%) | $271,597 (4.3%) | 0.76 | 2,887 |
2018-11-01 | $223,950 (1.5%) | $268,839 (2.6%) | 0.76 | 3,048 |
2018-12-01 | $224,000 (2.3%) | $266,613 (3.3%) | 0.77 | 3,041 |
2019-01-01 | $222,037 (1.4%) | $261,550 (1.1%) | 0.77 | 3,193 |
2019-02-01 | $224,450 (2.1%) | $260,096 (0.1%) | 0.76 | 3,320 |
2019-03-01 | $224,900 (0.9%) | $263,100 (-0.1%) | 0.75 | 3,233 |
2019-04-01 | $225,000 (0.0%) | $273,465 (-0.1%) | 0.71 | 3,036 |
2019-05-01 | $229,450 (2.0%) | $276,747 (0.4%) | 0.72 | 2,875 |
2019-06-01 | $229,900 (2.2%) | $282,162 (2.5%) | 0.72 | 2,807 |
2019-07-01 | $229,397 (0.5%) | $286,624 (3.0%) | 0.72 | 2,809 |
2019-08-01 | $229,994 (1.1%) | $292,257 (5.7%) | 0.72 | 2,815 |
2019-09-01 | $230,413 (2.4%) | $290,442 (6.6%) | 0.73 | 2,759 |
2019-10-01 | $229,900 (2.2%) | $275,587 (1.5%) | 0.74 | 3,075 |
2019-11-01 | $228,900 (2.2%) | $273,506 (1.7%) | 0.75 | 3,033 |
2019-12-01 | $229,700 (2.5%) | $271,642 (1.9%) | 0.77 | 2,976 |
2020-01-01 | $229,950 (3.6%) | $273,618 (4.6%) | 0.77 | 2,915 |
2020-02-01 | $234,000 (4.3%) | $278,296 (7.0%) | 0.77 | 2,809 |
2020-03-01 | $234,900 (4.5%) | $281,322 (6.9%) | 0.74 | 2,691 |
2020-04-01 | $234,463 (4.2%) | $272,964 (-0.2%) | 0.73 | 2,873 |
2020-05-01 | $234,490 (2.2%) | $274,454 (-0.8%) | 0.71 | 2,723 |
2020-06-01 | $234,950 (2.2%) | $274,532 (-2.7%) | 0.69 | 2,453 |
2020-07-01 | $235,250 (2.6%) | $275,408 (-3.9%) | 0.68 | 2,319 |
2020-08-01 | $239,900 (4.3%) | $284,259 (-2.7%) | 0.69 | 2,078 |
2020-09-01 | $243,775 (5.8%) | $287,766 (-0.9%) | 0.70 | 2,003 |
2020-10-01 | $245,000 (6.6%) | $286,092 (3.8%) | 0.70 | 2,021 |
2020-11-01 | $245,860 (7.4%) | $288,854 (5.6%) | 0.72 | 2,053 |
2020-12-01 | $249,695 (8.7%) | $290,439 (6.9%) | 0.74 | 1,928 |
2021-01-01 | $252,090 (9.6%) | $296,952 (8.5%) | 0.75 | 1,659 |
2021-02-01 | $252,438 (7.9%) | $301,749 (8.4%) | 0.73 | 1,358 |
2021-03-01 | $256,950 (9.4%) | $314,077 (11.6%) | 0.73 | 1,047 |
2021-04-01 | $264,975 (13.0%) | $326,960 (19.8%) | 0.72 | 883 |
2021-05-01 | $274,900 (17.2%) | $347,960 (26.8%) | 0.73 | 777 |
2021-06-01 | $284,470 (21.1%) | $363,563 (32.4%) | 0.75 | 809 |
2021-07-01 | $285,000 (21.2%) | $355,889 (29.2%) | 0.75 | 1,011 |
2021-08-01 | $296,617 (23.6%) | $357,204 (25.7%) | 0.79 | 1,083 |
2021-09-01 | $307,500 (26.1%) | $372,955 (29.6%) | 0.82 | 1,096 |
2021-10-01 | $319,900 (30.6%) | $379,800 (32.8%) | 0.85 | 1,128 |
2021-11-01 | $317,026 (29.0%) | $380,078 (31.6%) | 0.85 | 1,106 |
2021-12-01 | $327,450 (31.1%) | $394,502 (35.8%) | 0.89 | 1,044 |
2022-01-01 | $325,000 (28.9%) | $401,532 (35.2%) | 0.88 | 938 |
2022-02-01 | $330,923 (31.1%) | $411,132 (36.3%) | 0.86 | 859 |
2022-03-01 | $342,200 (33.2%) | $416,344 (32.6%) | 0.86 | 888 |
2022-04-01 | $350,000 (32.1%) | $430,698 (31.7%) | 0.83 | 933 |
2022-05-01 | $364,975 (32.8%) | $430,150 (23.6%) | 0.83 | 1,268 |
2022-06-01 | $370,582 (30.3%) | $430,618 (18.4%) | 0.83 | 1,592 |
2022-07-01 | $365,000 (28.1%) | $414,832 (16.6%) | 0.82 | 2,180 |
2022-08-01 | $364,500 (22.9%) | $414,981 (16.2%) | 0.84 | 2,568 |
2022-09-01 | $359,999 (17.1%) | $410,259 (10.0%) | 0.84 | 2,747 |
2022-10-01 | $359,900 (12.5%) | $408,514 (7.6%) | 0.85 | 2,820 |
2022-11-01 | $351,500 (10.9%) | $400,392 (5.3%) | 0.84 | 3,103 |
2022-12-01 | $349,900 (6.9%) | $397,417 (0.7%) | 0.86 | 3,073 |
2023-01-01 | $349,000 (7.4%) | $400,464 (-0.3%) | 0.86 | 2,996 |
2023-02-01 | $349,000 (5.5%) | $400,954 (-2.5%) | 0.84 | 2,897 |
2023-03-01 | $349,950 (2.3%) | $408,486 (-1.9%) | 0.82 | 2,725 |
2023-04-01 | $349,500 (-0.1%) | $403,927 (-6.2%) | 0.81 | 2,680 |
Lakeland's median listing price comes in at 81% of the national average.
Lakeland's average listing price for 2023-04-01 was $403,927, a difference of $-26,771 (-6.2%) versus the prior year and $-4,559 versus the prior month.
For the 2023-04-01 period, Lakeland had 2,680 MLS listings, a difference of -45 listings (-2%) versus the prior month and 1,747 listings (187%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lakeland (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 72 days | 1,884 sqft |
2018-02-01 | 70 days | 1,879 sqft |
2018-03-01 | 62 days | 1,883 sqft |
2018-04-01 | 60 days | 1,918 sqft |
2018-05-01 | 62 days | 1,912 sqft |
2018-06-01 | 61 days | 1,912 sqft |
2018-07-01 | 62 days | 1,918 sqft |
2018-08-01 | 58 days | 1,919 sqft |
2018-09-01 | 59 days | 1,884 sqft |
2018-10-01 | 62 days | 1,864 sqft |
2018-11-01 | 62 days | 1,859 sqft |
2018-12-01 | 67 days | 1,856 sqft |
2019-01-01 | 72 days | 1,848 sqft |
2019-02-01 | 63 days | 1,837 sqft |
2019-03-01 | 59 days | 1,834 sqft |
2019-04-01 | 65 days | 1,847 sqft |
2019-05-01 | 67 days | 1,854 sqft |
2019-06-01 | 67 days | 1,877 sqft |
2019-07-01 | 65 days | 1,856 sqft |
2019-08-01 | 71 days | 1,857 sqft |
2019-09-01 | 75 days | 1,859 sqft |
2019-10-01 | 68 days | 1,828 sqft |
2019-11-01 | 65 days | 1,828 sqft |
2019-12-01 | 71 days | 1,828 sqft |
2020-01-01 | 73 days | 1,828 sqft |
2020-02-01 | 73 days | 1,831 sqft |
2020-03-01 | 60 days | 1,837 sqft |
2020-04-01 | 61 days | 1,828 sqft |
2020-05-01 | 71 days | 1,828 sqft |
2020-06-01 | 79 days | 1,828 sqft |
2020-07-01 | 70 days | 1,818 sqft |
2020-08-01 | 61 days | 1,821 sqft |
2020-09-01 | 57 days | 1,814 sqft |
2020-10-01 | 53 days | 1,787 sqft |
2020-11-01 | 51 days | 1,803 sqft |
2020-12-01 | 58 days | 1,816 sqft |
2021-01-01 | 65 days | 1,815 sqft |
2021-02-01 | 59 days | 1,781 sqft |
2021-03-01 | 47 days | 1,806 sqft |
2021-04-01 | 43 days | 1,807 sqft |
2021-05-01 | 41 days | 1,799 sqft |
2021-06-01 | 36 days | 1,809 sqft |
2021-07-01 | 35 days | 1,798 sqft |
2021-08-01 | 37 days | 1,810 sqft |
2021-09-01 | 37 days | 1,807 sqft |
2021-10-01 | 37 days | 1,824 sqft |
2021-11-01 | 40 days | 1,801 sqft |
2021-12-01 | 52 days | 1,818 sqft |
2022-01-01 | 43 days | 1,815 sqft |
2022-02-01 | 34 days | 1,804 sqft |
2022-03-01 | 33 days | 1,779 sqft |
2022-04-01 | 31 days | 1,798 sqft |
2022-05-01 | 29 days | 1,823 sqft |
2022-06-01 | 31 days | 1,826 sqft |
2022-07-01 | 34 days | 1,820 sqft |
2022-08-01 | 38 days | 1,823 sqft |
2022-09-01 | 45 days | 1,827 sqft |
2022-10-01 | 56 days | 1,828 sqft |
2022-11-01 | 62 days | 1,820 sqft |
2022-12-01 | 69 days | 1,824 sqft |
2023-01-01 | 72 days | 1,824 sqft |
2023-02-01 | 69 days | 1,828 sqft |
2023-03-01 | 58 days | 1,831 sqft |
2023-04-01 | 59 days | 1,819 sqft |
Lakeland's median square footage for active listings during the 2023-04-01 period was 1,819 sqft. One year prior, the average listing was 1,798 sqft.