Ocala USDA Loans
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 90 lenders originated 490 USDA loans during 2021. The total origination value was $90,980,000, with an average USDA loan value of $185,673.
Ocala USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Ocala
averaged
5.54%
for the week of 2022-05-20, compared to the national average (all USDA variants) of
5.315% for the same period.
The average rate for the prior week (2022-05-13) was
5.53% and
one month ago for the week of 2022-04-15, the
average rate was 4.92%.
The average rate one year ago was 3.27%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5.24%.
Ocala 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 Ocala level.
The top Ocala USDA lender as defined by loan originations is AMERICAN FINANCIAL NETWORK, INC., with
79 USDA loans originated. Their average total fees are
$9,626, which is $2,806
higher than the next largest lender,
SUCCESS MORTGAGE PARTNERS, INC..
The lowest fee Ocala USDA lenders (with over 10 loans originated) are
Flagstar Bank, FSB ($4,978), UNITED WHOLESALE MORTGAGE, LLC ($5,149), Paramount Residential Mortgage Group, Inc. ($5,205), Truist Bank ($5,432) and DHI MORTGAGE COMPANY, LTD. ($5,621).
The lowest rate Ocala USDA lenders (with over 10 loans originated) are
Truist Bank (2.64%), DHI MORTGAGE COMPANY, LTD. (2.65%), Flagstar Bank, FSB (2.77%), AMERICAN PACIFIC MORTGAGE CORPORATION (2.89%) and UNITED WHOLESALE MORTGAGE, LLC (2.97%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Ocala (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $189,900 (0.0%) | $266,167 (2.5%) | 0.70 | 2,383 |
2018-02-01 | $193,995 (2.4%) | $269,680 (5.3%) | 0.70 | 2,427 |
2018-03-01 | $198,900 (4.7%) | $269,784 (5.3%) | 0.69 | 2,445 |
2018-04-01 | $206,632 (6.6%) | $278,188 (6.9%) | 0.69 | 2,360 |
2018-05-01 | $209,945 (7.7%) | $281,159 (3.7%) | 0.70 | 2,279 |
2018-06-01 | $209,900 (7.4%) | $280,792 (2.3%) | 0.70 | 2,278 |
2018-07-01 | $209,945 (8.3%) | $282,419 (7.6%) | 0.70 | 2,327 |
2018-08-01 | $204,995 (5.6%) | $277,110 (6.6%) | 0.69 | 2,354 |
2018-09-01 | $202,490 (2.8%) | $273,218 (4.1%) | 0.68 | 2,347 |
2018-10-01 | $199,945 (5.6%) | $273,654 (7.8%) | 0.67 | 2,411 |
2018-11-01 | $200,318 (5.5%) | $271,684 (2.5%) | 0.67 | 2,489 |
2018-12-01 | $204,500 (7.6%) | $269,696 (0.3%) | 0.70 | 2,522 |
2019-01-01 | $199,950 (5.3%) | $266,759 (0.2%) | 0.69 | 2,504 |
2019-02-01 | $199,900 (3.0%) | $265,416 (-1.6%) | 0.67 | 2,634 |
2019-03-01 | $199,386 (0.2%) | $269,628 (-0.1%) | 0.65 | 2,623 |
2019-04-01 | $200,195 (-3.1%) | $274,877 (-1.2%) | 0.63 | 2,596 |
2019-05-01 | $209,900 (0.0%) | $278,287 (-1.0%) | 0.65 | 2,499 |
2019-06-01 | $209,900 (0.0%) | $286,224 (1.9%) | 0.65 | 2,456 |
2019-07-01 | $209,350 (-0.3%) | $287,346 (1.7%) | 0.65 | 2,377 |
2019-08-01 | $212,043 (3.4%) | $289,165 (4.4%) | 0.67 | 2,293 |
2019-09-01 | $214,543 (6.0%) | $290,100 (6.2%) | 0.68 | 2,246 |
2019-10-01 | $209,450 (4.8%) | $278,296 (1.7%) | 0.67 | 2,335 |
2019-11-01 | $209,000 (4.3%) | $275,370 (1.4%) | 0.67 | 2,322 |
2019-12-01 | $209,000 (2.2%) | $271,972 (0.8%) | 0.70 | 2,328 |
2020-01-01 | $205,000 (2.5%) | $271,842 (1.9%) | 0.68 | 2,247 |
2020-02-01 | $200,990 (0.6%) | $270,487 (1.9%) | 0.65 | 2,259 |
2020-03-01 | $202,250 (1.4%) | $274,022 (1.6%) | 0.63 | 1,948 |
2020-04-01 | $200,441 (0.1%) | $273,834 (-0.4%) | 0.62 | 1,920 |
2020-05-01 | $205,000 (-2.3%) | $276,493 (-0.6%) | 0.62 | 1,821 |
2020-06-01 | $213,300 (1.6%) | $290,998 (1.7%) | 0.62 | 1,565 |
2020-07-01 | $215,000 (2.7%) | $300,981 (4.8%) | 0.62 | 1,415 |
2020-08-01 | $223,900 (5.6%) | $313,099 (8.3%) | 0.64 | 1,240 |
2020-09-01 | $224,950 (4.9%) | $313,699 (8.1%) | 0.64 | 1,200 |
2020-10-01 | $229,900 (9.8%) | $329,946 (18.6%) | 0.66 | 1,166 |
2020-11-01 | $227,700 (9.0%) | $325,875 (18.3%) | 0.65 | 1,203 |
2020-12-01 | $229,950 (10.0%) | $324,550 (19.3%) | 0.67 | 1,203 |
2021-01-01 | $235,900 (15.1%) | $336,959 (24.0%) | 0.69 | 1,049 |
2021-02-01 | $239,900 (19.4%) | $344,626 (27.4%) | 0.69 | 861 |
2021-03-01 | $240,000 (18.7%) | $365,183 (33.3%) | 0.67 | 674 |
2021-04-01 | $258,500 (29.0%) | $399,396 (45.9%) | 0.69 | 614 |
2021-05-01 | $265,000 (29.3%) | $422,526 (52.8%) | 0.70 | 583 |
2021-06-01 | $264,950 (24.2%) | $445,069 (53.0%) | 0.69 | 548 |
2021-07-01 | $267,500 (24.4%) | $431,940 (43.5%) | 0.69 | 691 |
2021-08-01 | $271,125 (21.1%) | $408,254 (30.4%) | 0.71 | 793 |
2021-09-01 | $269,950 (20.0%) | $385,693 (23.0%) | 0.71 | 792 |
2021-10-01 | $275,000 (19.6%) | $386,987 (17.3%) | 0.72 | 796 |
2021-11-01 | $282,445 (24.0%) | $402,696 (23.6%) | 0.74 | 801 |
2021-12-01 | $289,250 (25.8%) | $408,852 (26.0%) | 0.77 | 772 |
2022-01-01 | $299,900 (27.1%) | $434,893 (29.1%) | 0.80 | 691 |
2022-02-01 | $298,250 (24.3%) | $438,047 (27.1%) | 0.76 | 614 |
2022-03-01 | $299,700 (24.9%) | $456,263 (24.9%) | 0.74 | 635 |
2022-04-01 | $314,900 (21.8%) | $453,551 (13.6%) | 0.74 | 661 |
Ocala's median listing price comes in at 74% of the national average.
Ocala's average listing price for 2022-04-01 was $453,551, a difference of $54,155 (13.6%) versus the prior year and $-2,712 versus the prior month.
For the 2022-04-01 period, Ocala had 661 MLS listings, a difference of 26 listings (4%) versus the prior month and 47 listings (8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ocala (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 77 days | 1,789 sqft |
2018-02-01 | 77 days | 1,799 sqft |
2018-03-01 | 61 days | 1,816 sqft |
2018-04-01 | 66 days | 1,835 sqft |
2018-05-01 | 65 days | 1,841 sqft |
2018-06-01 | 65 days | 1,862 sqft |
2018-07-01 | 65 days | 1,857 sqft |
2018-08-01 | 65 days | 1,830 sqft |
2018-09-01 | 68 days | 1,830 sqft |
2018-10-01 | 67 days | 1,820 sqft |
2018-11-01 | 63 days | 1,820 sqft |
2018-12-01 | 69 days | 1,832 sqft |
2019-01-01 | 73 days | 1,800 sqft |
2019-02-01 | 67 days | 1,790 sqft |
2019-03-01 | 60 days | 1,782 sqft |
2019-04-01 | 65 days | 1,798 sqft |
2019-05-01 | 65 days | 1,804 sqft |
2019-06-01 | 65 days | 1,802 sqft |
2019-07-01 | 68 days | 1,795 sqft |
2019-08-01 | 70 days | 1,808 sqft |
2019-09-01 | 66 days | 1,814 sqft |
2019-10-01 | 65 days | 1,799 sqft |
2019-11-01 | 59 days | 1,773 sqft |
2019-12-01 | 65 days | 1,755 sqft |
2020-01-01 | 72 days | 1,754 sqft |
2020-02-01 | 15 days | 1,747 sqft |
2020-03-01 | 33 days | 1,751 sqft |
2020-04-01 | 60 days | 1,749 sqft |
2020-05-01 | 79 days | 1,731 sqft |
2020-06-01 | 85 days | 1,746 sqft |
2020-07-01 | 72 days | 1,748 sqft |
2020-08-01 | 65 days | 1,767 sqft |
2020-09-01 | 57 days | 1,763 sqft |
2020-10-01 | 55 days | 1,770 sqft |
2020-11-01 | 52 days | 1,747 sqft |
2020-12-01 | 57 days | 1,747 sqft |
2021-01-01 | 60 days | 1,757 sqft |
2021-02-01 | 56 days | 1,776 sqft |
2021-03-01 | 49 days | 1,767 sqft |
2021-04-01 | 42 days | 1,836 sqft |
2021-05-01 | 41 days | 1,829 sqft |
2021-06-01 | 40 days | 1,773 sqft |
2021-07-01 | 39 days | 1,780 sqft |
2021-08-01 | 36 days | 1,754 sqft |
2021-09-01 | 42 days | 1,750 sqft |
2021-10-01 | 42 days | 1,728 sqft |
2021-11-01 | 44 days | 1,750 sqft |
2021-12-01 | 49 days | 1,755 sqft |
2022-01-01 | 51 days | 1,806 sqft |
2022-02-01 | 43 days | 1,717 sqft |
2022-03-01 | 38 days | 1,715 sqft |
2022-04-01 | 37 days | 1,747 sqft |
Ocala's median square footage for active listings during the 2022-04-01 period was 1,747 sqft. One year prior, the average listing was 1,836 sqft.