Naples USDA Loan Rates, Closing Costs & Stats
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 1 lenders originated 3 USDA loans during 2022. The total origination value was $855,000, with an average USDA loan value of $285,000.
Naples USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Naples
averaged
-0.58%
for the week of 2023-11-24, compared to the national average (all USDA variants) of
0% for the same period.
Naples's average USDA mortgage closing costs are $8,562.
The average rate for the prior week (2023-11-17) was
6.71% and
one month ago for the week of 2023-10-20, the
average rate was 6.73%.
The average rate one year ago was 6.07%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.62%.
Naples 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 Naples level.
| Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| CROSSCOUNTRY MORTGAGE, LLC | 3 | 4.41% | $10,805 |
The lowest fee Naples USDA lenders (with over 10 loans originated) are
.
The lowest rate Naples USDA lenders (with over 10 loans originated) are
.
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 | $468,900 (-6.0%) | $955,497 (-6.6%) | 1.74 | 6,385 |
| 2018-02-01 | $469,000 (-5.7%) | $938,749 (-7.2%) | 1.70 | 6,867 |
| 2018-03-01 | $460,000 (-6.0%) | $930,658 (-7.1%) | 1.61 | 7,090 |
| 2018-04-01 | $456,100 (-6.7%) | $911,095 (-7.9%) | 1.55 | 6,898 |
| 2018-05-01 | $449,900 (-5.3%) | $893,558 (-8.7%) | 1.50 | 6,574 |
| 2018-06-01 | $449,900 (-5.7%) | $883,640 (-9.3%) | 1.50 | 6,206 |
| 2018-07-01 | $449,700 (-5.3%) | $886,938 (-7.1%) | 1.50 | 5,894 |
| 2018-08-01 | $445,473 (-5.2%) | $883,042 (-8.0%) | 1.49 | 5,719 |
| 2018-09-01 | $439,950 (-6.4%) | $882,337 (-9.6%) | 1.48 | 5,649 |
| 2018-10-01 | $445,000 (-5.1%) | $910,227 (-5.9%) | 1.51 | 6,080 |
| 2018-11-01 | $449,000 (-4.3%) | $920,712 (-3.8%) | 1.52 | 6,595 |
| 2018-12-01 | $449,000 (-2.4%) | $915,696 (-3.8%) | 1.55 | 6,957 |
| 2019-01-01 | $449,450 (-4.2%) | $924,565 (-3.2%) | 1.55 | 7,385 |
| 2019-02-01 | $454,862 (-3.0%) | $923,294 (-1.7%) | 1.54 | 7,863 |
| 2019-03-01 | $458,914 (-0.2%) | $932,991 (0.3%) | 1.50 | 7,821 |
| 2019-04-01 | $458,989 (0.6%) | $932,598 (2.4%) | 1.46 | 7,660 |
| 2019-05-01 | $450,000 (0.0%) | $927,471 (3.8%) | 1.41 | 7,113 |
| 2019-06-01 | $450,000 (0.0%) | $938,387 (6.2%) | 1.41 | 6,567 |
| 2019-07-01 | $449,450 (-0.1%) | $919,014 (3.6%) | 1.41 | 6,108 |
| 2019-08-01 | $449,245 (0.9%) | $921,004 (4.3%) | 1.42 | 5,958 |
| 2019-09-01 | $449,614 (2.2%) | $919,940 (4.3%) | 1.44 | 5,878 |
| 2019-10-01 | $449,950 (1.1%) | $923,418 (1.5%) | 1.45 | 5,850 |
| 2019-11-01 | $459,000 (2.2%) | $950,477 (3.2%) | 1.51 | 6,017 |
| 2019-12-01 | $465,000 (3.6%) | $960,423 (4.9%) | 1.55 | 6,125 |
| 2020-01-01 | $475,000 (5.7%) | $997,643 (7.9%) | 1.59 | 6,087 |
| 2020-02-01 | $475,000 (4.4%) | $991,163 (7.4%) | 1.56 | 6,203 |
| 2020-03-01 | $475,000 (3.5%) | $1,008,669 (8.1%) | 1.49 | 6,160 |
| 2020-04-01 | $469,160 (2.2%) | $978,840 (5.0%) | 1.47 | 5,994 |
| 2020-05-01 | $473,345 (5.2%) | $1,008,953 (8.8%) | 1.44 | 5,683 |
| 2020-06-01 | $475,000 (5.6%) | $1,025,949 (9.3%) | 1.40 | 5,341 |
| 2020-07-01 | $474,000 (5.5%) | $1,031,953 (12.3%) | 1.37 | 4,927 |
| 2020-08-01 | $475,000 (5.7%) | $1,051,742 (14.2%) | 1.36 | 4,621 |
| 2020-09-01 | $478,579 (6.4%) | $1,064,008 (15.7%) | 1.37 | 4,314 |
| 2020-10-01 | $475,000 (5.6%) | $1,068,283 (15.7%) | 1.36 | 4,156 |
| 2020-11-01 | $479,000 (4.4%) | $1,085,815 (14.2%) | 1.40 | 3,915 |
| 2020-12-01 | $478,303 (2.9%) | $1,105,719 (15.1%) | 1.42 | 3,638 |
| 2021-01-01 | $479,000 (0.8%) | $1,144,020 (14.7%) | 1.43 | 3,192 |
| 2021-02-01 | $497,000 (4.6%) | $1,169,300 (18.0%) | 1.45 | 2,416 |
| 2021-03-01 | $549,500 (15.7%) | $1,276,586 (26.6%) | 1.56 | 1,796 |
| 2021-04-01 | $582,100 (24.1%) | $1,362,758 (39.2%) | 1.58 | 1,491 |
| 2021-05-01 | $600,000 (26.8%) | $1,461,823 (44.9%) | 1.60 | 1,263 |
| 2021-06-01 | $640,000 (34.7%) | $1,522,698 (48.4%) | 1.68 | 1,232 |
| 2021-07-01 | $649,900 (37.1%) | $1,577,046 (52.8%) | 1.71 | 1,281 |
| 2021-08-01 | $659,500 (38.8%) | $1,557,300 (48.1%) | 1.76 | 1,290 |
| 2021-09-01 | $666,000 (39.2%) | $1,615,310 (51.8%) | 1.78 | 1,259 |
| 2021-10-01 | $699,950 (47.4%) | $1,687,676 (58.0%) | 1.87 | 1,264 |
| 2021-11-01 | $728,499 (52.1%) | $1,787,211 (64.6%) | 1.95 | 1,192 |
| 2021-12-01 | $742,450 (55.2%) | $1,844,149 (66.8%) | 2.01 | 1,166 |
| 2022-01-01 | $769,450 (60.6%) | $1,928,505 (68.6%) | 2.08 | 1,068 |
| 2022-02-01 | $798,350 (60.6%) | $1,969,890 (68.5%) | 2.08 | 1,024 |
| 2022-03-01 | $799,500 (45.5%) | $1,863,799 (46.0%) | 2.00 | 1,211 |
| 2022-04-01 | $849,900 (46.0%) | $1,839,091 (35.0%) | 2.03 | 1,509 |
| 2022-05-01 | $825,000 (37.5%) | $1,745,267 (19.4%) | 1.89 | 1,903 |
| 2022-06-01 | $799,945 (25.0%) | $1,692,527 (11.2%) | 1.78 | 2,269 |
| 2022-07-01 | $790,000 (21.6%) | $1,676,639 (6.3%) | 1.78 | 2,517 |
| 2022-08-01 | $766,750 (16.3%) | $1,609,801 (3.4%) | 1.77 | 2,467 |
| 2022-09-01 | $778,950 (17.0%) | $1,625,772 (0.7%) | 1.82 | 2,347 |
| 2022-10-01 | $795,000 (13.6%) | $1,673,020 (-0.9%) | 1.87 | 2,379 |
| 2022-11-01 | $799,000 (9.7%) | $1,765,838 (-1.2%) | 1.92 | 2,655 |
| 2022-12-01 | $811,139 (9.3%) | $1,827,719 (-0.9%) | 2.00 | 2,765 |
| 2023-01-01 | $850,950 (10.6%) | $1,907,779 (-1.1%) | 2.11 | 2,985 |
| 2023-02-01 | $879,500 (10.2%) | $2,054,097 (4.3%) | 2.12 | 3,141 |
| 2023-03-01 | $892,000 (11.6%) | $2,244,743 (20.4%) | 2.10 | 3,218 |
| 2023-04-01 | $899,000 (5.8%) | $2,279,704 (24.0%) | 2.09 | 3,217 |
| 2023-05-01 | $899,748 (9.1%) | $2,290,211 (31.2%) | 2.04 | 3,131 |
| 2023-06-01 | $889,950 (11.3%) | $2,192,988 (29.6%) | 2.00 | 3,088 |
| 2023-07-01 | $854,500 (8.2%) | $2,156,944 (28.7%) | 1.94 | 2,990 |
| 2023-08-01 | $845,013 (10.2%) | $2,092,003 (30.0%) | 1.94 | 2,886 |
| 2023-09-01 | $839,900 (7.8%) | $2,025,423 (24.6%) | 1.96 | 2,977 |
| 2023-10-01 | $850,000 (6.9%) | $2,003,511 (19.8%) | 2.00 | 3,399 |
Naples's median listing price comes in at 200% of the national average.
Naples's average listing price for 2023-10-01 was $2,003,511, a difference of $330,491 (19.8%) versus the prior year and $-21,912 versus the prior month.
For the 2023-10-01 period, Naples had 3,399 MLS listings, a difference of 422 listings (14%) versus the prior month and 1,020 listings (43%) 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 | 80 days | 1,943 sqft |
| 2018-02-01 | 75 days | 1,925 sqft |
| 2018-03-01 | 73 days | 1,910 sqft |
| 2018-04-01 | 81 days | 1,889 sqft |
| 2018-05-01 | 87 days | 1,876 sqft |
| 2018-06-01 | 96 days | 1,883 sqft |
| 2018-07-01 | 103 days | 1,889 sqft |
| 2018-08-01 | 106 days | 1,890 sqft |
| 2018-09-01 | 107 days | 1,884 sqft |
| 2018-10-01 | 99 days | 1,882 sqft |
| 2018-11-01 | 88 days | 1,880 sqft |
| 2018-12-01 | 86 days | 1,869 sqft |
| 2019-01-01 | 87 days | 1,866 sqft |
| 2019-02-01 | 85 days | 1,866 sqft |
| 2019-03-01 | 85 days | 1,865 sqft |
| 2019-04-01 | 88 days | 1,862 sqft |
| 2019-05-01 | 97 days | 1,861 sqft |
| 2019-06-01 | 102 days | 1,868 sqft |
| 2019-07-01 | 108 days | 1,866 sqft |
| 2019-08-01 | 109 days | 1,867 sqft |
| 2019-09-01 | 106 days | 1,868 sqft |
| 2019-10-01 | 102 days | 1,876 sqft |
| 2019-11-01 | 87 days | 1,883 sqft |
| 2019-12-01 | 85 days | 1,880 sqft |
| 2020-01-01 | 87 days | 1,895 sqft |
| 2020-02-01 | 86 days | 1,900 sqft |
| 2020-03-01 | 80 days | 1,900 sqft |
| 2020-04-01 | 90 days | 1,883 sqft |
| 2020-05-01 | 99 days | 1,885 sqft |
| 2020-06-01 | 107 days | 1,882 sqft |
| 2020-07-01 | 106 days | 1,871 sqft |
| 2020-08-01 | 94 days | 1,832 sqft |
| 2020-09-01 | 94 days | 1,832 sqft |
| 2020-10-01 | 83 days | 1,818 sqft |
| 2020-11-01 | 74 days | 1,824 sqft |
| 2020-12-01 | 74 days | 1,802 sqft |
| 2021-01-01 | 73 days | 1,777 sqft |
| 2021-02-01 | 60 days | 1,786 sqft |
| 2021-03-01 | 49 days | 1,833 sqft |
| 2021-04-01 | 44 days | 1,853 sqft |
| 2021-05-01 | 43 days | 1,869 sqft |
| 2021-06-01 | 44 days | 1,922 sqft |
| 2021-07-01 | 44 days | 1,901 sqft |
| 2021-08-01 | 52 days | 1,889 sqft |
| 2021-09-01 | 57 days | 1,924 sqft |
| 2021-10-01 | 58 days | 1,944 sqft |
| 2021-11-01 | 58 days | 2,000 sqft |
| 2021-12-01 | 50 days | 1,988 sqft |
| 2022-01-01 | 54 days | 1,971 sqft |
| 2022-02-01 | 36 days | 1,936 sqft |
| 2022-03-01 | 30 days | 1,915 sqft |
| 2022-04-01 | 31 days | 1,903 sqft |
| 2022-05-01 | 36 days | 1,883 sqft |
| 2022-06-01 | 40 days | 1,880 sqft |
| 2022-07-01 | 51 days | 1,868 sqft |
| 2022-08-01 | 61 days | 1,867 sqft |
| 2022-09-01 | 69 days | 1,880 sqft |
| 2022-10-01 | 74 days | 1,889 sqft |
| 2022-11-01 | 67 days | 1,883 sqft |
| 2022-12-01 | 65 days | 1,896 sqft |
| 2023-01-01 | 67 days | 1,925 sqft |
| 2023-02-01 | 60 days | 1,914 sqft |
| 2023-03-01 | 54 days | 1,921 sqft |
| 2023-04-01 | 58 days | 1,907 sqft |
| 2023-05-01 | 62 days | 1,908 sqft |
| 2023-06-01 | 67 days | 1,871 sqft |
| 2023-07-01 | 75 days | 1,857 sqft |
| 2023-08-01 | 80 days | 1,853 sqft |
| 2023-09-01 | 75 days | 1,849 sqft |
| 2023-10-01 | 67 days | 1,847 sqft |
Naples's median square footage for active listings during the 2023-10-01 period was 1,847 sqft. One year prior, the average listing was 1,889 sqft.