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 28 lenders originated 62 USDA loans during 2024. The total origination value was $17,140,000, with an average USDA loan value of $276,452.

    Lakeland USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lakeland averaged 6.07% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

    Lakeland's average USDA mortgage closing costs are $6,713.

    The average rate for the prior week (2025-05-16) was 6.11% and one month ago for the week of 2025-04-18, the average rate was 5.99%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.03%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 10 5.96% $12,688
    Plains Commerce Bank 4 5.75% $14,035
    Equity Prime Mortgage LLC 4 6.69% $10,118
    GARDNER FINANCIAL SERVICES, LTD. 4 6.44% $7,939
    METROPLEX MORTGAGE SERVICES, INC. 4 6.28% $9,085
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 4.99% $6,331
    VILLAGE CAPITAL MORTGAGE 2 5.87% $11,016
    Loan Simple, Inc. 2 6.44% $12,537
    NEWREZ LLC 2 5.75% $10,745
    CMG MORTGAGE, INC. 2 4.56% $14,974
    South State Bank 2 6.50% $7,135
    THE MORTGAGE FIRM, INC. 2 6.37% $8,109
    PLANET HOME LENDING, LLC 1 6.25% $19,855
    PLAZA HOME MORTGAGE, INC. 1 6.25% $11,048
    PREMIER LENDING, INC. 1 6.50% $11,530
    Ameris Bank 1 6.00% $10,861
    Waterstone Mortgage Corporation 1 6.75% $13,552
    Carrington Mortgage Services, LLC 1 7.13% $12,659
    Century Mortgage Company DBA Century Lending Company 1 6.25% $13,363
    CROSSCOUNTRY MORTGAGE, LLC 1 6.56% $11,504
    EAGLE HOME MORTGAGE, LLC 1 4.88% $7,721
    FBC MORTGAGE, LLC 1 5.99% $9,483
    FREEDOM MORTGAGE CORPORATION 1 7.25% $7,589
    GUARANTEED RATE, INC. 1 4.63% $12,869
    HOMEAMERICAN MORTGAGE CORPORATION 1 5.00% $3,874
    HOME SOLUTION LENDERS INC. 1 5.38% $19,694
    Keystone Funding, Inc. 1 5.75% $10,461
    LEADERONE FINANCIAL CORPORATION 1 6.49% $8,005

    The top Lakeland USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 10 USDA loans originated. Their average total fees are $12,688, which is $1,347 lower than the next largest lender, Plains Commerce Bank.

    The lowest fee Lakeland USDA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($12,688), .

    The lowest rate Lakeland USDA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.96%), .

    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 (9.6%) $258,648 (8.0%) 0.81 2,627
    2018-02-01 $219,900 (7.7%) $259,695 (6.9%) 0.80 2,647
    2018-03-01 $222,825 (8.8%) $263,192 (7.6%) 0.78 2,578
    2018-04-01 $224,950 (7.1%) $273,636 (9.4%) 0.76 2,502
    2018-05-01 $224,950 (4.7%) $275,616 (9.4%) 0.75 2,519
    2018-06-01 $225,000 (3.9%) $275,270 (7.5%) 0.75 2,535
    2018-07-01 $228,375 (4.8%) $278,348 (7.9%) 0.76 2,534
    2018-08-01 $227,425 (3.6%) $276,628 (7.0%) 0.76 2,663
    2018-09-01 $225,000 (2.5%) $272,464 (5.3%) 0.76 2,803
    2018-10-01 $224,900 (2.5%) $271,597 (4.3%) 0.76 2,887
    2018-11-01 $223,950 (1.6%) $268,839 (2.6%) 0.76 3,048
    2018-12-01 $224,000 (2.3%) $266,613 (3.4%) 0.77 3,041
    2019-01-01 $222,138 (1.4%) $261,558 (1.1%) 0.77 3,193
    2019-02-01 $224,450 (2.1%) $260,096 (0.2%) 0.76 3,320
    2019-03-01 $224,999 (1.0%) $267,361 (1.6%) 0.74 3,197
    2019-04-01 $225,000 (0.0%) $273,390 (-0.1%) 0.71 3,034
    2019-05-01 $229,450 (2.0%) $276,703 (0.4%) 0.72 2,874
    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 $229,245 (0.8%) $286,482 (3.6%) 0.73 2,931
    2019-09-01 $229,614 (2.1%) $280,384 (2.9%) 0.73 3,017
    2019-10-01 $229,859 (2.2%) $276,220 (1.7%) 0.74 3,068
    2019-11-01 $228,920 (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 (3.5%) $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 (4.4%) $281,322 (5.2%) 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 (4.7%) $284,268 (-0.8%) 0.69 2,078
    2020-09-01 $243,605 (6.1%) $287,781 (2.6%) 0.70 2,003
    2020-10-01 $245,000 (6.6%) $286,107 (3.6%) 0.70 2,020
    2020-11-01 $245,860 (7.4%) $288,862 (5.6%) 0.72 2,052
    2020-12-01 $249,695 (8.7%) $290,443 (6.9%) 0.74 1,928
    2021-01-01 $252,195 (9.7%) $296,805 (8.5%) 0.75 1,659
    2021-02-01 $252,335 (7.8%) $301,726 (8.4%) 0.73 1,358
    2021-03-01 $256,950 (9.4%) $314,074 (11.6%) 0.73 1,047
    2021-04-01 $264,950 (13.0%) $326,872 (19.8%) 0.72 883
    2021-05-01 $274,900 (17.2%) $347,960 (26.8%) 0.73 776
    2021-06-01 $283,960 (20.9%) $363,544 (32.4%) 0.75 808
    2021-07-01 $285,000 (21.2%) $355,889 (29.2%) 0.75 1,011
    2021-08-01 $296,475 (23.6%) $357,189 (25.7%) 0.79 1,082
    2021-09-01 $307,500 (26.2%) $372,901 (29.6%) 0.82 1,095
    2021-10-01 $319,900 (30.6%) $379,840 (32.8%) 0.85 1,126
    2021-11-01 $317,000 (28.9%) $380,060 (31.6%) 0.85 1,105
    2021-12-01 $327,450 (31.1%) $394,430 (35.8%) 0.89 1,043
    2022-01-01 $325,000 (28.9%) $401,242 (35.2%) 0.88 937
    2022-02-01 $331,033 (31.2%) $410,887 (36.2%) 0.86 859
    2022-03-01 $342,900 (33.5%) $415,868 (32.4%) 0.86 888
    2022-04-01 $350,000 (32.1%) $430,510 (31.7%) 0.83 933
    2022-05-01 $364,805 (32.7%) $430,188 (23.6%) 0.83 1,267
    2022-06-01 $369,990 (30.3%) $429,664 (18.2%) 0.82 1,593
    2022-07-01 $365,000 (28.1%) $414,419 (16.5%) 0.82 2,177
    2022-08-01 $364,000 (22.8%) $414,290 (16.0%) 0.84 2,564
    2022-09-01 $359,999 (17.1%) $409,790 (9.9%) 0.84 2,743
    2022-10-01 $359,900 (12.5%) $408,132 (7.5%) 0.85 2,817
    2022-11-01 $351,350 (10.8%) $400,055 (5.3%) 0.84 3,101
    2022-12-01 $349,900 (6.9%) $397,009 (0.7%) 0.86 3,071
    2023-01-01 $349,000 (7.4%) $400,198 (-0.3%) 0.86 2,994
    2023-02-01 $349,000 (5.4%) $400,838 (-2.5%) 0.84 2,897
    2023-03-01 $349,950 (2.1%) $408,401 (-1.8%) 0.83 2,725
    2023-04-01 $349,490 (-0.2%) $403,633 (-6.2%) 0.81 2,680
    2023-05-01 $350,000 (-4.1%) $415,845 (-3.3%) 0.79 2,632
    2023-06-01 $353,777 (-4.4%) $420,970 (-2.0%) 0.80 2,571
    2023-07-01 $357,990 (-1.9%) $423,945 (2.3%) 0.81 2,561
    2023-08-01 $359,495 (-1.2%) $426,195 (2.9%) 0.83 2,765
    2023-09-01 $357,945 (-0.6%) $415,364 (1.4%) 0.83 3,005
    2023-10-01 $355,000 (-1.4%) $415,794 (1.9%) 0.84 3,300
    2023-11-01 $355,000 (1.0%) $421,292 (5.3%) 0.85 3,477
    2023-12-01 $350,000 (0.0%) $419,404 (5.6%) 0.85 3,574
    2024-01-01 $350,000 (0.3%) $418,006 (4.5%) 0.85 3,545
    2024-02-01 $350,000 (0.3%) $414,103 (3.3%) 0.84 3,742
    2024-03-01 $349,900 (0.0%) $409,606 (0.3%) 0.82 3,917
    2024-04-01 $349,000 (-0.1%) $405,753 (0.5%) 0.81 4,028
    2024-05-01 $349,000 (-0.3%) $404,860 (-2.6%) 0.79 4,116
    2024-06-01 $349,900 (-1.1%) $405,510 (-3.7%) 0.80 4,296
    2024-07-01 $349,250 (-2.4%) $405,228 (-4.4%) 0.80 4,425
    2024-08-01 $345,000 (-4.0%) $401,209 (-5.9%) 0.80 4,544
    2024-09-01 $347,711 (-2.9%) $401,076 (-3.4%) 0.82 4,732
    2024-10-01 $344,947 (-2.8%) $396,905 (-4.5%) 0.81 4,825
    2024-11-01 $342,995 (-3.4%) $392,094 (-6.9%) 0.82 4,913
    2024-12-01 $343,147 (-2.0%) $390,957 (-6.8%) 0.85 4,835
    2025-01-01 $340,570 (-2.7%) $388,832 (-7.0%) 0.85 4,866
    2025-02-01 $340,000 (-2.9%) $388,365 (-6.2%) 0.83 5,057
    2025-03-01 $339,000 (-3.1%) $385,832 (-5.8%) 0.80 5,149
    2025-04-01 $339,450 (-2.7%) $387,496 (-4.5%) 0.79 5,191
    Lakeland's median listing price for 2025-04-01 was $339,450, a difference of $-9,550 (-2.7%) versus the prior year and $450 versus the prior month.

    Lakeland's median listing price comes in at 79% of the national average.

    Lakeland's average listing price for 2025-04-01 was $387,496, a difference of $-18,257 (-4.5%) versus the prior year and $1,664 versus the prior month.

    For the 2025-04-01 period, Lakeland had 5,191 MLS listings, a difference of 42 listings (1%) versus the prior month and 1,163 listings (29%) 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 68 days 1,884 sqft
    2018-02-01 65 days 1,879 sqft
    2018-03-01 58 days 1,882 sqft
    2018-04-01 58 days 1,917 sqft
    2018-05-01 58 days 1,910 sqft
    2018-06-01 57 days 1,910 sqft
    2018-07-01 58 days 1,916 sqft
    2018-08-01 54 days 1,918 sqft
    2018-09-01 55 days 1,883 sqft
    2018-10-01 60 days 1,863 sqft
    2018-11-01 59 days 1,859 sqft
    2018-12-01 65 days 1,855 sqft
    2019-01-01 68 days 1,848 sqft
    2019-02-01 59 days 1,836 sqft
    2019-03-01 56 days 1,847 sqft
    2019-04-01 60 days 1,847 sqft
    2019-05-01 63 days 1,854 sqft
    2019-06-01 64 days 1,877 sqft
    2019-07-01 61 days 1,856 sqft
    2019-08-01 61 days 1,845 sqft
    2019-09-01 62 days 1,836 sqft
    2019-10-01 63 days 1,829 sqft
    2019-11-01 60 days 1,828 sqft
    2019-12-01 67 days 1,828 sqft
    2020-01-01 69 days 1,828 sqft
    2020-02-01 67 days 1,831 sqft
    2020-03-01 57 days 1,836 sqft
    2020-04-01 57 days 1,828 sqft
    2020-05-01 68 days 1,828 sqft
    2020-06-01 75 days 1,828 sqft
    2020-07-01 64 days 1,817 sqft
    2020-08-01 57 days 1,821 sqft
    2020-09-01 53 days 1,814 sqft
    2020-10-01 51 days 1,787 sqft
    2020-11-01 49 days 1,803 sqft
    2020-12-01 54 days 1,816 sqft
    2021-01-01 61 days 1,813 sqft
    2021-02-01 54 days 1,776 sqft
    2021-03-01 44 days 1,806 sqft
    2021-04-01 40 days 1,806 sqft
    2021-05-01 38 days 1,798 sqft
    2021-06-01 34 days 1,808 sqft
    2021-07-01 33 days 1,798 sqft
    2021-08-01 37 days 1,810 sqft
    2021-09-01 37 days 1,807 sqft
    2021-10-01 36 days 1,825 sqft
    2021-11-01 38 days 1,805 sqft
    2021-12-01 51 days 1,820 sqft
    2022-01-01 43 days 1,814 sqft
    2022-02-01 33 days 1,800 sqft
    2022-03-01 32 days 1,778 sqft
    2022-04-01 31 days 1,798 sqft
    2022-05-01 28 days 1,822 sqft
    2022-06-01 30 days 1,826 sqft
    2022-07-01 33 days 1,820 sqft
    2022-08-01 37 days 1,823 sqft
    2022-09-01 44 days 1,827 sqft
    2022-10-01 55 days 1,828 sqft
    2022-11-01 61 days 1,820 sqft
    2022-12-01 67 days 1,824 sqft
    2023-01-01 71 days 1,824 sqft
    2023-02-01 67 days 1,828 sqft
    2023-03-01 56 days 1,831 sqft
    2023-04-01 58 days 1,819 sqft
    2023-05-01 54 days 1,828 sqft
    2023-06-01 55 days 1,838 sqft
    2023-07-01 54 days 1,851 sqft
    2023-08-01 51 days 1,851 sqft
    2023-09-01 53 days 1,835 sqft
    2023-10-01 54 days 1,834 sqft
    2023-11-01 57 days 1,829 sqft
    2023-12-01 64 days 1,820 sqft
    2024-01-01 73 days 1,818 sqft
    2024-02-01 70 days 1,823 sqft
    2024-03-01 59 days 1,817 sqft
    2024-04-01 60 days 1,810 sqft
    2024-05-01 60 days 1,811 sqft
    2024-06-01 63 days 1,820 sqft
    2024-07-01 65 days 1,820 sqft
    2024-08-01 70 days 1,815 sqft
    2024-09-01 71 days 1,811 sqft
    2024-10-01 75 days 1,797 sqft
    2024-11-01 80 days 1,811 sqft
    2024-12-01 85 days 1,807 sqft
    2025-01-01 85 days 1,808 sqft
    2025-02-01 81 days 1,817 sqft
    2025-03-01 69 days 1,805 sqft
    2025-04-01 69 days 1,795 sqft
    Lakeland's median listing age (time on market) for 2025-04-01 was 69 days. This is 15% longer than the same period one year ago.

    Lakeland's median square footage for active listings during the 2025-04-01 period was 1,795 sqft. One year prior, the average listing was 1,810 sqft.