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%).