Ocala USDA Loan Rates, Closing Costs & Stats

OCALA, FL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Ocala's 41 lenders originated 92 USDA loans during 2023. The total origination value was $22,120,000, with an average USDA loan value of $240,435.

    Ocala USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Ocala averaged 6.37% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Ocala's average USDA mortgage closing costs are $6,174.

    The average rate for the prior week (2024-12-06) was 6.21% and one month ago for the week of 2024-11-08, the average rate was 6.13%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.68%.

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

    Ocala 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 Ocala level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 11 6.13% $8,785
    AMERICAN BANCSHARES MORTGAGE 10 6.12% $11,412
    UNION HOME MORTGAGE CORP. 5 6.55% $8,657
    CROSSCOUNTRY MORTGAGE, LLC 4 5.94% $8,891
    PLAZA HOME MORTGAGE, INC. 4 6.41% $8,326
    AMERICAN FINANCIAL NETWORK, INC. 4 6.03% $11,995
    Truist 4 5.88% $7,538
    First Federal Bank 3 5.71% $7,634
    METROPLEX MORTGAGE SERVICES, INC. 3 6.58% $9,396
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.25% $12,331
    STOCKTON MORTGAGE CORPORATION 2 6.38% $9,343
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.19% $8,775
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.69% $10,537
    HOME SOLUTION LENDERS INC. 2 5.50% $15,997
    Ixonia Bank 1 6.13% $10,363
    Keystone Funding, Inc. 1 6.63% $6,504
    LOANDEPOT.COM, LLC 1 6.63% $6,001
    Loan Simple, Inc. 1 6.25% $11,124
    MORIA DEVELOPMENT, INC. 1 6.00% $7,983
    MORTGAGE EQUITY PARTNERS LLC 1 7.50% $7,589
    Mortgage Lenders Investment Trading Corporation 1 6.75% $9,381
    Paramount Residential Mortgage Group, Inc. 1 6.63% $5,942
    Plains Commerce Bank 1 6.13% $9,960
    Regions Bank 1 7.25% $5,667
    Sierra Pacific Mortgage Company, Inc. 1 5.63% $7,539
    Summit Mortgage Corporation 1 6.13% $7,313
    SUN WEST MORTGAGE COMPANY, INC. 1 7.00% $9,823
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.25% $16,730
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $8,629
    Ameris Bank 1 5.75% $9,125
    Bank of England 1 6.25% $9,120
    CALIBER HOME LOANS, INC. 1 6.00% $9,497
    CARDINAL FINANCIAL 1 5.75% $12,786
    Carrington Mortgage Services, LLC 1 7.50% $10,941
    Century Mortgage Company DBA Century Lending Company 1 5.99% $3,387
    EVERETT FINANCIAL, INC. 1 6.63% $11,428
    FBC MORTGAGE, LLC 1 5.13% $4,761
    GENEVA FINANCIAL, LLC 1 7.13% $12,711
    GUARANTEED RATE, INC. 1 6.25% $7,987
    HOMESTAR FINANCIAL CORPORATION 1 5.63% $8,854
    Hometown Equity Mortgage, LLC 1 6.50% $7,149

    The top Ocala USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 11 USDA loans originated. Their average total fees are $8,785, which is $2,627 lower than the next largest lender, AMERICAN BANCSHARES MORTGAGE.

    The lowest fee Ocala USDA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($8,785), AMERICAN BANCSHARES MORTGAGE ($11,412), .

    The lowest rate Ocala USDA lenders (with over 10 loans originated) are AMERICAN BANCSHARES MORTGAGE (6.12%), UNITED WHOLESALE MORTGAGE, LLC (6.13%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ocala (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 $189,900 (1.7%) $269,136 (4.2%) 0.70 2,146
    2018-02-01 $190,808 (2.5%) $271,776 (5.8%) 0.69 2,155
    2018-03-01 $195,000 (2.7%) $272,008 (5.9%) 0.68 2,170
    2018-04-01 $199,950 (4.1%) $278,492 (7.7%) 0.68 2,110
    2018-05-01 $205,950 (5.6%) $283,177 (5.9%) 0.69 2,053
    2018-06-01 $205,000 (4.7%) $283,109 (3.9%) 0.68 2,063
    2018-07-01 $205,000 (7.9%) $284,474 (8.3%) 0.68 2,106
    2018-08-01 $199,900 (5.3%) $278,609 (7.1%) 0.67 2,127
    2018-09-01 $199,900 (5.3%) $276,310 (4.9%) 0.67 2,147
    2018-10-01 $199,700 (7.5%) $276,637 (8.5%) 0.68 2,202
    2018-11-01 $199,900 (5.8%) $273,996 (2.3%) 0.68 2,274
    2018-12-01 $199,990 (5.3%) $273,861 (0.6%) 0.69 2,299
    2019-01-01 $199,900 (5.3%) $271,900 (1.0%) 0.69 2,272
    2019-02-01 $199,338 (4.5%) $269,532 (-0.8%) 0.67 2,386
    2019-03-01 $198,814 (2.0%) $273,603 (0.6%) 0.65 2,378
    2019-04-01 $199,900 (0.0%) $278,911 (0.2%) 0.63 2,356
    2019-05-01 $204,950 (-0.5%) $280,130 (-1.1%) 0.64 2,239
    2019-06-01 $205,000 (0.0%) $287,694 (1.6%) 0.64 2,198
    2019-07-01 $206,178 (0.6%) $291,001 (2.3%) 0.65 2,138
    2019-08-01 $209,270 (4.7%) $290,850 (4.4%) 0.66 2,108
    2019-09-01 $209,674 (4.9%) $288,932 (4.6%) 0.67 2,099
    2019-10-01 $209,251 (4.8%) $285,747 (3.3%) 0.68 2,105
    2019-11-01 $209,000 (4.6%) $283,365 (3.4%) 0.69 2,105
    2019-12-01 $208,241 (4.1%) $279,704 (2.1%) 0.69 2,106
    2020-01-01 $204,600 (2.4%) $279,318 (2.7%) 0.68 2,043
    2020-02-01 $207,490 (4.1%) $280,293 (4.0%) 0.68 2,042
    2020-03-01 $208,353 (4.8%) $281,718 (3.0%) 0.65 1,892
    2020-04-01 $204,948 (2.5%) $280,570 (0.6%) 0.64 1,886
    2020-05-01 $209,900 (2.4%) $283,699 (1.3%) 0.64 1,778
    2020-06-01 $214,973 (4.9%) $298,684 (3.8%) 0.63 1,559
    2020-07-01 $215,675 (4.6%) $308,879 (6.1%) 0.63 1,419
    2020-08-01 $224,900 (7.5%) $320,065 (10.0%) 0.64 1,254
    2020-09-01 $226,960 (8.2%) $322,070 (11.5%) 0.65 1,221
    2020-10-01 $230,000 (9.9%) $338,020 (18.3%) 0.66 1,201
    2020-11-01 $229,938 (10.0%) $332,515 (17.3%) 0.67 1,231
    2020-12-01 $230,000 (10.5%) $331,145 (18.4%) 0.68 1,211
    2021-01-01 $237,000 (15.8%) $338,054 (21.0%) 0.71 1,050
    2021-02-01 $239,950 (15.6%) $345,463 (23.3%) 0.70 906
    2021-03-01 $243,923 (17.1%) $365,179 (29.6%) 0.69 696
    2021-04-01 $258,900 (26.3%) $393,165 (40.1%) 0.70 622
    2021-05-01 $265,450 (26.5%) $415,465 (46.5%) 0.71 602
    2021-06-01 $267,450 (24.4%) $446,420 (49.5%) 0.70 554
    2021-07-01 $274,900 (27.5%) $443,385 (43.6%) 0.73 712
    2021-08-01 $272,500 (21.2%) $414,859 (29.6%) 0.73 789
    2021-09-01 $274,325 (20.9%) $391,001 (21.4%) 0.73 783
    2021-10-01 $275,000 (19.6%) $386,738 (14.4%) 0.73 795
    2021-11-01 $283,500 (23.3%) $407,844 (22.7%) 0.76 786
    2021-12-01 $289,669 (25.9%) $407,581 (23.1%) 0.78 750
    2022-01-01 $299,900 (26.5%) $428,209 (26.7%) 0.81 684
    2022-02-01 $299,000 (24.6%) $431,853 (25.0%) 0.78 617
    2022-03-01 $299,950 (23.0%) $448,773 (22.9%) 0.75 646
    2022-04-01 $314,900 (21.6%) $450,229 (14.5%) 0.75 676
    2022-05-01 $326,450 (23.0%) $452,461 (8.9%) 0.75 806
    2022-06-01 $331,800 (24.1%) $459,691 (3.0%) 0.74 1,019
    2022-07-01 $325,000 (18.2%) $446,875 (0.8%) 0.73 1,329
    2022-08-01 $316,850 (16.3%) $424,123 (2.2%) 0.73 1,541
    2022-09-01 $314,385 (14.6%) $414,759 (6.1%) 0.74 1,716
    2022-10-01 $318,800 (15.9%) $410,161 (6.1%) 0.75 1,870
    2022-11-01 $314,875 (11.1%) $407,250 (-0.2%) 0.76 2,026
    2022-12-01 $313,363 (8.2%) $413,101 (1.4%) 0.77 2,008
    2023-01-01 $311,998 (4.0%) $409,017 (-4.5%) 0.77 2,046
    2023-02-01 $307,000 (2.7%) $406,168 (-6.0%) 0.74 2,086
    2023-03-01 $307,000 (2.4%) $410,378 (-8.6%) 0.72 2,030
    2023-04-01 $305,000 (-3.1%) $402,517 (-10.6%) 0.71 2,065
    2023-05-01 $318,450 (-2.5%) $419,930 (-7.2%) 0.72 1,895
    2023-06-01 $314,950 (-5.1%) $422,557 (-8.1%) 0.71 1,874
    2023-07-01 $314,250 (-3.3%) $419,119 (-6.2%) 0.71 1,872
    2023-08-01 $315,000 (-0.6%) $417,201 (-1.6%) 0.72 1,863
    2023-09-01 $314,900 (0.2%) $409,270 (-1.3%) 0.73 2,030
    2023-10-01 $311,375 (-2.3%) $402,173 (-2.0%) 0.73 2,228
    2023-11-01 $309,450 (-1.7%) $398,635 (-2.1%) 0.74 2,443
    2023-12-01 $309,000 (-1.4%) $397,324 (-3.8%) 0.75 2,486
    2024-01-01 $309,050 (-0.9%) $448,024 (9.5%) 0.75 2,615
    2024-02-01 $307,000 (0.0%) $401,903 (-1.1%) 0.74 2,772
    2024-03-01 $305,000 (-0.7%) $396,723 (-3.3%) 0.72 2,801
    2024-04-01 $304,950 (0.0%) $394,866 (-1.9%) 0.71 2,787
    2024-05-01 $306,038 (-3.9%) $396,001 (-5.7%) 0.69 2,731
    2024-06-01 $309,900 (-1.6%) $394,080 (-6.7%) 0.70 2,679
    2024-07-01 $309,000 (-1.7%) $383,727 (-8.4%) 0.71 2,733
    2024-08-01 $309,000 (-1.9%) $384,149 (-7.9%) 0.72 2,767
    2024-09-01 $305,000 (-3.1%) $377,051 (-7.9%) 0.72 2,841
    2024-10-01 $303,164 (-2.6%) $374,281 (-6.9%) 0.71 2,973
    2024-11-01 $303,000 (-2.1%) $378,310 (-5.1%) 0.73 3,145
    Ocala's median listing price for 2024-11-01 was $303,000, a difference of $-6,450 (-2.1%) versus the prior year and $-164 versus the prior month.

    Ocala's median listing price comes in at 73% of the national average.

    Ocala's average listing price for 2024-11-01 was $378,310, a difference of $-20,325 (-5.1%) versus the prior year and $4,029 versus the prior month.

    For the 2024-11-01 period, Ocala had 3,145 MLS listings, a difference of 172 listings (6%) versus the prior month and 702 listings (29%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ocala (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 74 days 1,772 sqft
    2018-02-01 73 days 1,780 sqft
    2018-03-01 60 days 1,799 sqft
    2018-04-01 63 days 1,809 sqft
    2018-05-01 61 days 1,817 sqft
    2018-06-01 60 days 1,828 sqft
    2018-07-01 61 days 1,824 sqft
    2018-08-01 61 days 1,797 sqft
    2018-09-01 66 days 1,804 sqft
    2018-10-01 63 days 1,800 sqft
    2018-11-01 61 days 1,803 sqft
    2018-12-01 68 days 1,820 sqft
    2019-01-01 73 days 1,790 sqft
    2019-02-01 65 days 1,772 sqft
    2019-03-01 62 days 1,762 sqft
    2019-04-01 61 days 1,763 sqft
    2019-05-01 63 days 1,763 sqft
    2019-06-01 64 days 1,761 sqft
    2019-07-01 66 days 1,760 sqft
    2019-08-01 66 days 1,772 sqft
    2019-09-01 65 days 1,784 sqft
    2019-10-01 65 days 1,786 sqft
    2019-11-01 59 days 1,768 sqft
    2019-12-01 63 days 1,752 sqft
    2020-01-01 71 days 1,751 sqft
    2020-02-01 65 days 1,747 sqft
    2020-03-01 59 days 1,752 sqft
    2020-04-01 63 days 1,747 sqft
    2020-05-01 74 days 1,728 sqft
    2020-06-01 80 days 1,736 sqft
    2020-07-01 67 days 1,743 sqft
    2020-08-01 61 days 1,765 sqft
    2020-09-01 54 days 1,763 sqft
    2020-10-01 53 days 1,782 sqft
    2020-11-01 51 days 1,747 sqft
    2020-12-01 57 days 1,754 sqft
    2021-01-01 59 days 1,760 sqft
    2021-02-01 50 days 1,769 sqft
    2021-03-01 44 days 1,749 sqft
    2021-04-01 39 days 1,818 sqft
    2021-05-01 38 days 1,817 sqft
    2021-06-01 39 days 1,762 sqft
    2021-07-01 37 days 1,779 sqft
    2021-08-01 35 days 1,754 sqft
    2021-09-01 40 days 1,752 sqft
    2021-10-01 40 days 1,728 sqft
    2021-11-01 44 days 1,754 sqft
    2021-12-01 57 days 1,748 sqft
    2022-01-01 47 days 1,764 sqft
    2022-02-01 39 days 1,706 sqft
    2022-03-01 35 days 1,693 sqft
    2022-04-01 34 days 1,725 sqft
    2022-05-01 30 days 1,740 sqft
    2022-06-01 30 days 1,733 sqft
    2022-07-01 33 days 1,712 sqft
    2022-08-01 42 days 1,673 sqft
    2022-09-01 45 days 1,679 sqft
    2022-10-01 51 days 1,701 sqft
    2022-11-01 59 days 1,700 sqft
    2022-12-01 65 days 1,705 sqft
    2023-01-01 73 days 1,708 sqft
    2023-02-01 67 days 1,695 sqft
    2023-03-01 57 days 1,699 sqft
    2023-04-01 57 days 1,667 sqft
    2023-05-01 55 days 1,693 sqft
    2023-06-01 55 days 1,678 sqft
    2023-07-01 57 days 1,664 sqft
    2023-08-01 58 days 1,671 sqft
    2023-09-01 54 days 1,662 sqft
    2023-10-01 51 days 1,656 sqft
    2023-11-01 53 days 1,655 sqft
    2023-12-01 63 days 1,646 sqft
    2024-01-01 70 days 1,643 sqft
    2024-02-01 65 days 1,642 sqft
    2024-03-01 57 days 1,641 sqft
    2024-04-01 61 days 1,639 sqft
    2024-05-01 59 days 1,645 sqft
    2024-06-01 61 days 1,652 sqft
    2024-07-01 64 days 1,649 sqft
    2024-08-01 66 days 1,655 sqft
    2024-09-01 67 days 1,656 sqft
    2024-10-01 68 days 1,660 sqft
    2024-11-01 70 days 1,660 sqft
    Ocala's median listing age (time on market) for 2024-11-01 was 70 days. This is 32% longer than the same period one year ago.

    Ocala's median square footage for active listings during the 2024-11-01 period was 1,660 sqft. One year prior, the average listing was 1,655 sqft.