Naples USDA Loans

NAPLES-MARCO ISLAND, 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.

Naples's 13 lenders originated 45 USDA loans during 2021. The total origination value was $14,165,000, with an average USDA loan value of $314,778.

Naples USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Naples averaged 5.52% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.36% and one month ago for the week of 2022-04-08, the average rate was 4.92%.

The average rate one year ago was 2.93%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.89%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Naples 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 Naples level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CROSSCOUNTRY MORTGAGE, LLC 18 3.07% $8,346
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 2.70% $13,463
CALIBER HOME LOANS, INC. 4 2.88% $10,125
ENVOY MORTGAGE, LTD 2 2.88% $10,236
MOVEMENT MORTGAGE, LLC 2 2.63% $7,320
Paramount Residential Mortgage Group, Inc. 2 2.81% $11,228
GMFS LLC 1 2.25% $8,796
EAGLE HOME MORTGAGE, LLC 1 3.50% $7,269
BROKER SOLUTIONS, INC. 1 3.25% $7,840
Carrington Mortgage Services, LLC 1 4.25% $10,106
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.88% $9,253
Flagstar Bank, FSB 1 2.25% $7,005
Florida Capital Bank 1 2.75% $5,438

The top Naples USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 18 USDA loans originated. Their average total fees are $8,346, which is $5,117 lower than the next largest lender, CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP.

The lowest fee Naples USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($8,346), .

The lowest rate Naples USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC (3.07%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Naples (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 $479,900 (-3.8%) $952,522 (-5.4%) 1.77 7,151
2018-02-01 $480,000 (-3.8%) $935,674 (-6.9%) 1.73 7,693
2018-03-01 $475,000 (-3.1%) $926,919 (-7.0%) 1.64 7,973
2018-04-01 $472,449 (-3.4%) $908,676 (-7.6%) 1.59 7,773
2018-05-01 $467,200 (-5.1%) $891,963 (-9.8%) 1.56 7,407
2018-06-01 $467,500 (-5.9%) $881,293 (-10.5%) 1.56 6,981
2018-07-01 $464,000 (-5.3%) $884,591 (-8.4%) 1.55 6,677
2018-08-01 $459,000 (-6.1%) $884,629 (-7.8%) 1.53 6,463
2018-09-01 $458,020 (-5.7%) $884,093 (-9.5%) 1.53 6,394
2018-10-01 $459,450 (-4.4%) $907,258 (-6.4%) 1.54 6,868
2018-11-01 $459,995 (-4.2%) $916,774 (-4.1%) 1.54 7,459
2018-12-01 $469,000 (-2.1%) $913,933 (-3.9%) 1.61 7,868
2019-01-01 $469,250 (-2.2%) $918,765 (-3.5%) 1.62 8,349
2019-02-01 $472,000 (-1.7%) $921,244 (-1.5%) 1.58 8,868
2019-03-01 $474,943 (0.0%) $926,853 (0.0%) 1.55 8,777
2019-04-01 $475,000 (0.5%) $924,532 (1.8%) 1.50 8,547
2019-05-01 $474,850 (1.6%) $918,831 (3.0%) 1.46 7,964
2019-06-01 $475,000 (1.6%) $930,207 (5.6%) 1.46 7,364
2019-07-01 $469,900 (1.3%) $908,369 (2.7%) 1.46 6,851
2019-08-01 $469,729 (2.3%) $905,683 (2.4%) 1.48 6,523
2019-09-01 $469,250 (2.5%) $896,556 (1.4%) 1.49 6,261
2019-10-01 $469,500 (2.2%) $916,871 (1.1%) 1.50 6,549
2019-11-01 $475,000 (3.3%) $946,006 (3.2%) 1.53 6,750
2019-12-01 $484,500 (3.3%) $956,458 (4.7%) 1.62 6,895
2020-01-01 $499,000 (6.3%) $1,017,990 (10.8%) 1.66 6,492
2020-02-01 $499,500 (5.8%) $1,015,914 (10.3%) 1.61 6,512
2020-03-01 $499,752 (5.2%) $1,024,143 (10.5%) 1.56 6,480
2020-04-01 $496,995 (4.6%) $1,000,556 (8.2%) 1.55 6,341
2020-05-01 $495,000 (4.2%) $1,021,011 (11.1%) 1.50 5,989
2020-06-01 $499,000 (5.1%) $1,034,482 (11.2%) 1.46 5,610
2020-07-01 $496,950 (5.8%) $1,036,876 (14.2%) 1.42 5,342
2020-08-01 $499,000 (6.2%) $1,043,784 (15.3%) 1.43 5,135
2020-09-01 $499,900 (6.5%) $1,072,715 (19.7%) 1.43 4,835
2020-10-01 $499,000 (6.3%) $1,071,995 (16.9%) 1.43 4,623
2020-11-01 $499,000 (5.1%) $1,095,677 (15.8%) 1.43 4,327
2020-12-01 $499,000 (3.0%) $1,105,540 (15.6%) 1.46 4,011
2021-01-01 $499,000 (0.0%) $1,139,711 (12.0%) 1.47 3,476
2021-02-01 $522,450 (4.6%) $1,152,060 (13.4%) 1.50 2,598
2021-03-01 $580,000 (16.1%) $1,275,355 (24.5%) 1.63 1,952
2021-04-01 $611,500 (23.0%) $1,365,530 (36.5%) 1.64 1,602
2021-05-01 $649,500 (31.2%) $1,463,429 (43.3%) 1.71 1,373
2021-06-01 $659,500 (32.2%) $1,536,036 (48.5%) 1.71 1,355
2021-07-01 $684,495 (37.7%) $1,558,912 (50.4%) 1.78 1,420
2021-08-01 $689,000 (38.1%) $1,562,054 (49.7%) 1.81 1,454
2021-09-01 $699,000 (39.8%) $1,636,667 (52.6%) 1.84 1,407
2021-10-01 $729,900 (46.3%) $1,687,699 (57.4%) 1.92 1,399
2021-11-01 $767,000 (53.7%) $1,767,935 (61.4%) 2.02 1,364
2021-12-01 $754,950 (51.3%) $1,821,457 (64.8%) 2.01 1,269
2022-01-01 $795,000 (59.3%) $1,907,187 (67.3%) 2.12 1,158
2022-02-01 $799,500 (53.0%) $1,965,639 (70.6%) 2.04 1,103
2022-03-01 $825,000 (42.2%) $1,876,483 (47.1%) 2.04 1,299
2022-04-01 $875,000 (43.1%) $1,858,832 (36.1%) 2.06 1,658
Naples's median listing price for 2022-04-01 was $875,000, a difference of $263,500 (43.1%) versus the prior year and $50,000 versus the prior month.

Naples's median listing price comes in at 206% of the national average.

Naples's average listing price for 2022-04-01 was $1,858,832, a difference of $493,302 (36.1%) versus the prior year and $-17,651 versus the prior month.

For the 2022-04-01 period, Naples had 1,658 MLS listings, a difference of 359 listings (28%) versus the prior month and 56 listings (3%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Naples (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 91 days 1,978 sqft
2018-02-01 88 days 1,953 sqft
2018-03-01 85 days 1,935 sqft
2018-04-01 91 days 1,913 sqft
2018-05-01 97 days 1,893 sqft
2018-06-01 106 days 1,900 sqft
2018-07-01 114 days 1,900 sqft
2018-08-01 119 days 1,904 sqft
2018-09-01 122 days 1,901 sqft
2018-10-01 115 days 1,901 sqft
2018-11-01 103 days 1,898 sqft
2018-12-01 99 days 1,883 sqft
2019-01-01 97 days 1,880 sqft
2019-02-01 95 days 1,883 sqft
2019-03-01 92 days 1,883 sqft
2019-04-01 93 days 1,882 sqft
2019-05-01 101 days 1,877 sqft
2019-06-01 109 days 1,883 sqft
2019-07-01 116 days 1,880 sqft
2019-08-01 123 days 1,882 sqft
2019-09-01 123 days 1,883 sqft
2019-10-01 109 days 1,892 sqft
2019-11-01 93 days 1,900 sqft
2019-12-01 89 days 1,897 sqft
2020-01-01 90 days 1,956 sqft
2020-02-01 89 days 1,959 sqft
2020-03-01 81 days 1,956 sqft
2020-04-01 91 days 1,935 sqft
2020-05-01 103 days 1,929 sqft
2020-06-01 111 days 1,932 sqft
2020-07-01 115 days 1,904 sqft
2020-08-01 98 days 1,853 sqft
2020-09-01 95 days 1,849 sqft
2020-10-01 86 days 1,831 sqft
2020-11-01 73 days 1,835 sqft
2020-12-01 76 days 1,818 sqft
2021-01-01 77 days 1,800 sqft
2021-02-01 69 days 1,809 sqft
2021-03-01 50 days 1,858 sqft
2021-04-01 44 days 1,872 sqft
2021-05-01 44 days 1,912 sqft
2021-06-01 44 days 1,941 sqft
2021-07-01 45 days 1,933 sqft
2021-08-01 48 days 1,905 sqft
2021-09-01 50 days 1,937 sqft
2021-10-01 49 days 1,985 sqft
2021-11-01 47 days 2,009 sqft
2021-12-01 40 days 1,999 sqft
2022-01-01 50 days 1,964 sqft
2022-02-01 37 days 1,935 sqft
2022-03-01 32 days 1,921 sqft
2022-04-01 31 days 1,911 sqft
Naples's median listing age (time on market) for 2022-04-01 was 31 days. This is -30% shorter than the same period one year ago.

Naples's median square footage for active listings during the 2022-04-01 period was 1,911 sqft. One year prior, the average listing was 1,872 sqft.