Lakeland USDA Loan Rates, Closing Costs & Stats

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 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%.

    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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Lakeland level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    CALIBER HOME LOANS, INC. 9 4.20% $10,110
    HOME POINT FINANCIAL CORPORATION 9 4.37% $8,350
    UNITED WHOLESALE MORTGAGE, LLC 9 4.78% $10,968
    HOME SOLUTION LENDERS INC. 7 4.11% $8,702
    Plains Commerce Bank 5 5.40% $11,254
    GUARANTEED RATE, INC. 4 4.88% $9,019
    THE MORTGAGE FIRM, INC. 4 4.78% $9,989
    AMERIFIRST FINANCIAL CORPORATION 4 5.50% $13,240
    VANDERBILT MORTGAGE AND FINANCE, INC. 3 4.42% $11,322
    Paramount Residential Mortgage Group, Inc. 3 4.83% $9,351
    EAGLE HOME MORTGAGE, LLC 3 4.13% $7,313
    Hometown Lenders, Inc. 3 4.83% $10,654
    STOCKTON MORTGAGE CORPORATION 3 3.83% $8,552
    KBHS HOME LOANS, LLC 3 4.21% $13,297
    NVR Mortgage Finance, Inc. 2 3.94% $12,315
    MOVEMENT MORTGAGE, LLC 2 5.75% $10,169
    METROPLEX MORTGAGE SERVICES, INC. 2 5.88% $9,082
    DAS Acquisition Company, LLC 2 5.19% $8,180
    SHELTER MORTGAGE COMPANY, L.L.C. 2 4.00% $8,339
    PARK SQUARE HOME MORTGAGE, LLC 2 3.75% $7,759
    GUARANTEED RATE AFFINITY, LLC 2 6.14% $10,783
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.13% $11,215
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.13% $11,804
    Sierra Pacific Mortgage Company, Inc. 1 5.63% $9,771
    SOUTHERN TRUST MORTGAGE, LLC 1 5.63% $6,901
    AMERICAN FINANCIAL RESOURCES, INC. 1 3.50% $8,680
    SUCCESS MORTGAGE PARTNERS, INC. 1 3.00% $10,511
    Synovus Bank 1 4.50% $12,433
    South State Bank 1 4.75% $4,086
    Ameris Bank 1 3.63% $2,959
    Austin Capital Bank SSB 1 5.12% $13,009
    BROKER SOLUTIONS, INC. 1 6.13% $8,771
    Century Mortgage Company DBA Century Lending Company 1 5.25% $8,705
    EMBRACE HOME LOANS, INC. 1 3.13% $6,171
    ENDEAVOR CAPITAL, LLC. 1 6.00% $10,936
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $6,281
    FBC MORTGAGE, LLC 1 5.75% $12,800
    FIDELITY FUNDING MORTGAGE CORP. 1 4.13% $2,171
    FIRST COMMUNITY MORTGAGE, INC. 1 5.50% $7,082
    Flagstar Bank, FSB 1 3.63% $8,401
    GSF Mortgage Corporation 1 4.63% $9,481
    GUILD MORTGAGE COMPANY 1 3.50% $9,926
    HOMEAMERICAN MORTGAGE CORPORATION 1 4.25% $3,665
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.75% $16,793
    Hometown Equity Mortgage, LLC 1 3.38% $8,434
    LOANDEPOT.COM, LLC 1 3.25% $8,748
    Mortgage Lenders Investment Trading Corporation 1 4.13% $3,164
    OPEN MORTGAGE, LLC 1 6.63% $7,822
    PNC Bank 1 2.88% $6,270

    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. Louis
    Date 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 for 2023-04-01 was $349,500, a difference of $-500 (-0.1%) versus the prior year and $-450 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2023-04-01 was 59 days. This is 90% longer than the same period one year ago.

    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.