Lakeland USDA Loans

LAKELAND-WINTER HAVEN, 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.

    Lakeland's 85 lenders originated 401 USDA loans during 2021. The total origination value was $91,595,000, with an average USDA loan value of $228,416.

    Lakeland USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lakeland averaged 5.53% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

    The average rate for the prior week (2022-05-13) was 5.21% and one month ago for the week of 2022-04-15, the average rate was 5.31%.

    The average rate one year ago was 3.35%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.16%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Lakeland 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 Lakeland level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    HOME SOLUTION LENDERS INC. 56 2.68% $6,449
    FBC MORTGAGE, LLC 24 2.93% $7,415
    CALIBER HOME LOANS, INC. 23 2.86% $6,933
    Plains Commerce Bank 20 2.85% $6,914
    THE MORTGAGE FIRM, INC. 19 2.89% $5,834
    HOMEBRIDGE FINANCIAL SERVICES, INC. 17 2.82% $7,482
    NVR Mortgage Finance, Inc. 16 2.91% $8,142
    CROSSCOUNTRY MORTGAGE, LLC 13 2.98% $6,663
    LOANDEPOT.COM, LLC 11 3.35% $6,784
    CALCON MUTUAL MORTGAGE LLC 10 3.58% $7,173
    DHI MORTGAGE COMPANY, LTD. 9 2.53% $6,287
    HOME POINT FINANCIAL CORPORATION 9 3.14% $6,473
    PRIMARY RESIDENTIAL MORTGAGE, INC. 8 3.09% $6,304
    Hometown Lenders, Inc. 7 3.21% $8,912
    AMERIFIRST FINANCIAL CORPORATION 6 3.31% $6,627
    METROPLEX MORTGAGE SERVICES, INC. 6 2.81% $6,724
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 3.40% $5,882
    PULTE MORTGAGE LLC 5 2.83% $3,157
    EMBRACE HOME LOANS, INC. 5 2.68% $6,521
    KBHS HOME LOANS, LLC 5 3.13% $8,258
    SUCCESS MORTGAGE PARTNERS, INC. 5 3.10% $6,171
    First Guaranty Mortgage Corporation 5 3.05% $10,040
    BROKER SOLUTIONS, INC. 4 3.19% $7,077
    Paramount Residential Mortgage Group, Inc. 4 2.97% $6,108
    GUILD MORTGAGE COMPANY 4 2.94% $7,256
    South State Bank 4 2.56% $4,975
    GSF Mortgage Corporation 4 2.94% $7,229
    EAGLE HOME MORTGAGE, LLC 3 3.54% $7,884
    MOVEMENT MORTGAGE, LLC 3 3.17% $6,583
    UNION HOME MORTGAGE CORP. 3 3.00% $7,454
    ABSOLUTE HOME MORTGAGE CORPORATION 3 3.33% $6,464
    HOMEAMERICAN MORTGAGE CORPORATION 3 2.25% $3,002
    Waterstone Mortgage Corporation 3 3.33% $6,645
    Colten Mortgage, LLC 3 2.71% $5,379
    Citizens Bank 3 3.21% $7,333
    GUARANTEED RATE AFFINITY, LLC 3 2.71% $5,750
    NEWREZ LLC 3 2.83% $8,011
    ENVOY MORTGAGE, LTD 2 3.06% $6,105
    PARK SQUARE HOME MORTGAGE, LLC 2 2.75% $7,075
    PENNYMAC LOAN SERVICES, LLC 2 3.19% $4,985
    PLAZA HOME MORTGAGE, INC. 2 3.25% $4,503
    Carrington Mortgage Services, LLC 2 2.88% $4,696
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.25% $6,900
    Synovus Bank 2 3.38% $7,949
    UNITED WHOLESALE MORTGAGE, LLC 2 3.00% $6,219
    Flagstar Bank, FSB 2 2.56% $5,137
    GUARANTEED RATE, INC. 2 2.81% $6,163
    MORIA DEVELOPMENT, INC. 2 3.19% $6,027
    DAS Acquisition Company, LLC 2 4.00% $7,136
    HOMESPIRE MORTGAGE CORPORATION 2 2.38% $6,971
    KELLER MORTGAGE, LLC 2 2.81% $4,979
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.69% $5,751
    SIGNATURE MORTGAGE CORPORATION 1 3.25% $5,891
    ACADEMY MORTGAGE CORPORATION 1 2.75% $8,960
    AMCAP MORTGAGE, LTD. 1 2.88% $7,203
    AMERICAN FINANCIAL RESOURCES, INC. 1 3.00% $6,291
    Ameris Bank 1 2.88% $4,701
    AmRes Corporation 1 2.75% $6,046
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.25% $8,879
    Bank of England 1 2.88% $7,134
    CELEBRITY HOME LOANS, LLC 1 3.25% $9,120
    Centennial Bank 1 2.75% $4,529
    Christensen Financial, Inc. 1 3.25% $7,815
    COLUMBUS CAPITAL LENDING, LLC 1 2.88% $18,051
    DELMAR FINANCIAL COMPANY 1 2.75% $6,853
    EQUITY RESOURCES, INC. 1 2.25% $4,535
    Evolve Bank & Trust 1 2.75% $3,724
    FIDELITY FUNDING MORTGAGE CORP. 1 2.25% $6,944
    FREEDOM MORTGAGE CORPORATION 1 2.75% $5,316
    GMFS LLC 1 2.25% $4,967
    GUARANTY HOME MORTGAGE CORPORATION 1 2.75% $3,385
    HAMILTON HOME LOANS, INC. 1 2.75% $5,858
    LAKEVIEW LOAN SERVICING, LLC 1 3.00% $3,095
    LIBERTY HOME MORTGAGE CORPORATION 1 3.25% $6,173
    MICHIGAN MUTUAL, INC. 1 2.75% $4,798
    MID AMERICA MORTGAGE, INC. 1 2.63% $4,854
    MORTGAGE EQUITY PARTNERS LLC 1 2.75% $5,533
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.75% $7,447
    NFM, INC. 1 3.50% $7,769
    Northpointe Bank 1 2.50% $6,111
    NTFN, INC. 1 3.50% $4,513
    RELIANCE FIRST CAPITAL, LLC 1 3.50% $4,816
    SOUTHERN TRUST MORTGAGE, LLC 1 2.75% $5,936
    T2 FINANCIAL LLC 1 3.25% $14,911
    VAN DYK MORTGAGE CORPORATION 1 3.25% $7,358

    The top Lakeland USDA lender as defined by loan originations is HOME SOLUTION LENDERS INC., with 56 USDA loans originated. Their average total fees are $6,449, which is $966 lower than the next largest lender, FBC MORTGAGE, LLC.

    The lowest fee Lakeland USDA lenders (with over 10 loans originated) are THE MORTGAGE FIRM, INC. ($5,834), HOME SOLUTION LENDERS INC. ($6,449), CROSSCOUNTRY MORTGAGE, LLC ($6,663), LOANDEPOT.COM, LLC ($6,784) and Plains Commerce Bank ($6,914).

    The lowest rate Lakeland USDA lenders (with over 10 loans originated) are HOME SOLUTION LENDERS INC. (2.68%), HOMEBRIDGE FINANCIAL SERVICES, INC. (2.82%), Plains Commerce Bank (2.85%), CALIBER HOME LOANS, INC. (2.86%) and THE MORTGAGE FIRM, INC. (2.89%).