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 6.73% for the week of 2023-12-08, compared to the national average (all USDA variants) of 6.821% for the same period.

Lakeland's average USDA mortgage closing costs are $6,452.

The average rate for the prior week (2023-12-01) was 6.48% and one month ago for the week of 2023-11-03, the average rate was 6.92%.

The average rate one year ago was 6.22%.

For refis of the same type during the week of 2023-12-08, the average rate was 5.49%.

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 .