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 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 6.35% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

    Lakeland's average USDA mortgage closing costs are $6,248.

    The average rate for the prior week (2022-11-25) was 6.58% and one month ago for the week of 2022-10-28, the average rate was 6.86%.

    The average rate one year ago was 3.55%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.29%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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%).

    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 $224,999 (0.9%) $267,423 (1.5%) 0.74 3,198
    2019-04-01 $225,000 (0.0%) $273,442 (-0.1%) 0.71 3,038
    2019-05-01 $229,450 (2.0%) $276,605 (0.4%) 0.72 2,880
    2019-06-01 $229,900 (2.2%) $282,007 (2.5%) 0.72 2,812
    2019-07-01 $229,281 (0.4%) $286,463 (2.9%) 0.72 2,814
    2019-08-01 $229,245 (0.8%) $286,328 (3.5%) 0.73 2,937
    2019-09-01 $229,614 (2.1%) $280,242 (2.9%) 0.73 3,023
    2019-10-01 $229,859 (2.2%) $276,084 (1.7%) 0.74 3,075
    2019-11-01 $228,900 (2.2%) $273,354 (1.7%) 0.75 3,040
    2019-12-01 $229,575 (2.5%) $271,483 (1.8%) 0.77 2,983
    2020-01-01 $229,950 (3.6%) $273,454 (4.6%) 0.77 2,922
    2020-02-01 $234,000 (4.3%) $278,104 (6.9%) 0.77 2,816
    2020-03-01 $234,900 (4.4%) $281,131 (5.1%) 0.74 2,698
    2020-04-01 $234,419 (4.2%) $272,799 (-0.2%) 0.73 2,880
    2020-05-01 $234,488 (2.2%) $274,277 (-0.8%) 0.71 2,730
    2020-06-01 $234,950 (2.2%) $274,344 (-2.7%) 0.69 2,460
    2020-07-01 $235,250 (2.6%) $275,205 (-3.9%) 0.68 2,326
    2020-08-01 $239,900 (4.7%) $284,009 (-0.8%) 0.69 2,085
    2020-09-01 $243,475 (6.0%) $287,496 (2.6%) 0.70 2,010
    2020-10-01 $245,000 (6.6%) $285,825 (3.5%) 0.70 2,028
    2020-11-01 $245,770 (7.4%) $288,588 (5.6%) 0.72 2,060
    2020-12-01 $249,450 (8.7%) $290,147 (6.9%) 0.74 1,935
    2021-01-01 $251,900 (9.6%) $296,595 (8.5%) 0.75 1,666
    2021-02-01 $252,258 (7.8%) $301,332 (8.4%) 0.73 1,365
    2021-03-01 $256,900 (9.4%) $313,497 (11.5%) 0.73 1,055
    2021-04-01 $264,950 (13.0%) $326,162 (19.6%) 0.72 891
    2021-05-01 $274,900 (17.2%) $346,663 (26.4%) 0.73 784
    2021-06-01 $282,450 (20.2%) $362,390 (32.1%) 0.74 815
    2021-07-01 $285,000 (21.2%) $354,801 (28.9%) 0.75 1,016
    2021-08-01 $295,330 (23.1%) $356,201 (25.4%) 0.79 1,087
    2021-09-01 $307,470 (26.3%) $371,827 (29.3%) 0.82 1,101
    2021-10-01 $319,368 (30.4%) $378,883 (32.6%) 0.85 1,132
    2021-11-01 $317,000 (29.0%) $379,247 (31.4%) 0.85 1,111
    2021-12-01 $327,450 (31.3%) $393,617 (35.7%) 0.89 1,049
    2022-01-01 $325,000 (29.0%) $400,510 (35.0%) 0.88 943
    2022-02-01 $330,645 (31.1%) $410,130 (36.1%) 0.86 865
    2022-03-01 $341,280 (32.9%) $415,321 (32.5%) 0.85 894
    2022-04-01 $350,000 (32.1%) $429,547 (31.7%) 0.84 938
    2022-05-01 $363,750 (32.3%) $429,257 (23.8%) 0.83 1,271
    2022-06-01 $369,500 (30.8%) $429,663 (18.6%) 0.82 1,597
    2022-07-01 $365,000 (28.1%) $414,131 (16.7%) 0.83 2,182
    2022-08-01 $364,000 (23.3%) $414,327 (16.3%) 0.84 2,569
    2022-09-01 $359,995 (17.1%) $409,611 (10.2%) 0.84 2,749
    2022-10-01 $359,900 (12.7%) $408,018 (7.7%) 0.85 2,823
    2022-11-01 $351,000 (10.7%) $399,938 (5.5%) 0.84 3,106
    Lakeland's median listing price for 2022-11-01 was $351,000, a difference of $34,000 (10.7%) versus the prior year and $-8,900 versus the prior month.

    Lakeland's median listing price comes in at 84% of the national average.

    Lakeland's average listing price for 2022-11-01 was $399,938, a difference of $20,691 (5.5%) versus the prior year and $-8,080 versus the prior month.

    For the 2022-11-01 period, Lakeland had 3,106 MLS listings, a difference of 283 listings (10%) versus the prior month and 1,995 listings (180%) 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 1,919 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 1,860 sqft
    2018-12-01 67 days 1,856 sqft
    2019-01-01 72 days 1,848 sqft
    2019-02-01 63 days 1,838 sqft
    2019-03-01 61 days 1,847 sqft
    2019-04-01 64 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 1,855 sqft
    2019-08-01 66 days 1,845 sqft
    2019-09-01 66 days 1,836 sqft
    2019-10-01 67 days 1,829 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 1,830 sqft
    2020-03-01 61 days 1,836 sqft
    2020-04-01 61 days 1,828 sqft
    2020-05-01 71 days 1,828 sqft
    2020-06-01 80 days 1,828 sqft
    2020-07-01 70 days 1,818 sqft
    2020-08-01 62 days 1,821 sqft
    2020-09-01 57 days 1,814 sqft
    2020-10-01 54 days 1,786 sqft
    2020-11-01 51 days 1,802 sqft
    2020-12-01 58 days 1,814 sqft
    2021-01-01 65 days 1,813 sqft
    2021-02-01 60 days 1,781 sqft
    2021-03-01 48 days 1,806 sqft
    2021-04-01 43 days 1,806 sqft
    2021-05-01 41 days 1,798 sqft
    2021-06-01 36 days 1,805 sqft
    2021-07-01 35 days 1,793 sqft
    2021-08-01 37 days 1,807 sqft
    2021-09-01 37 days 1,804 sqft
    2021-10-01 37 days 1,821 sqft
    2021-11-01 40 days 1,801 sqft
    2021-12-01 52 days 1,818 sqft
    2022-01-01 44 days 1,814 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 35 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
    Lakeland's median listing age (time on market) for 2022-11-01 was 62 days. This is 56% longer than the same period one year ago.

    Lakeland's median square footage for active listings during the 2022-11-01 period was 1,820 sqft. One year prior, the average listing was 1,801 sqft.