Ocala USDA Loan Rates, Closing Costs & Stats

OCALA, 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.

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 6.68% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

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

The average rate for the prior week (2024-04-05) was 6.7% and one month ago for the week of 2024-03-08, the average rate was 6.36%.

The average rate one year ago was 6.07%.

For refis of the same type during the week of 2024-04-12, the average rate was 7.18%.

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
Ocala's median listing price for 2024-03-01 was $305,000, a difference of $-2,000 (-0.7%) versus the prior year and $-2,000 versus the prior month.

Ocala's median listing price comes in at 72% of the national average.

Ocala's average listing price for 2024-03-01 was $396,723, a difference of $-13,655 (-3.3%) versus the prior year and $-5,180 versus the prior month.

For the 2024-03-01 period, Ocala had 2,801 MLS listings, a difference of 29 listings (1%) versus the prior month and 771 listings (38%) 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
Ocala's median listing age (time on market) for 2024-03-01 was 57 days. This is 0% longer than the same period one year ago.

Ocala's median square footage for active listings during the 2024-03-01 period was 1,641 sqft. One year prior, the average listing was 1,699 sqft.