Lakeland USDA Loans

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 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%).