Ocala USDA Loan Rates, Closing Costs & Stats

OCALA, FL

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    • 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 -0.07% for the week of 2023-01-20, compared to the national average (all USDA variants) of 0% for the same period.

    Ocala's average USDA mortgage closing costs are $5,834.

    The average rate for the prior week (2023-01-13) was 6.57% and one month ago for the week of 2022-12-16, the average rate was 6.65%.

    The average rate one year ago was 3.76%.

    For refis of the same type during the week of 2023-01-20, the average rate was -0.28%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    AMERICAN FINANCIAL NETWORK, INC. 79 3.16% $9,626
    SUCCESS MORTGAGE PARTNERS, INC. 29 3.26% $6,820
    AMERICAN PACIFIC MORTGAGE CORPORATION 23 2.89% $5,957
    UNITED WHOLESALE MORTGAGE, LLC 17 2.97% $5,149
    Flagstar Bank, FSB 15 2.77% $4,978
    Paramount Residential Mortgage Group, Inc. 14 3.02% $5,205
    NATIONS RELIABLE LENDING, LLC 13 3.26% $6,336
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 3.04% $6,283
    HOMEBRIDGE FINANCIAL SERVICES, INC. 11 3.10% $6,747
    Truist 11 2.64% $5,432
    DHI MORTGAGE COMPANY, LTD. 10 2.65% $5,621
    CALIBER HOME LOANS, INC. 9 2.92% $6,006
    Ixonia Bank 9 3.06% $7,302
    HOME SOLUTION LENDERS INC. 9 2.67% $6,290
    Goldwater Bank, N.A. 8 3.31% $6,425
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 3.32% $5,668
    AMERICAN FINANCIAL RESOURCES, INC. 7 3.11% $4,714
    Carrington Mortgage Services, LLC 7 2.96% $5,180
    UNION HOME MORTGAGE CORP. 7 2.84% $5,870
    STEARNS LENDING, LLC 6 2.85% $4,363
    METROPLEX MORTGAGE SERVICES, INC. 6 2.92% $6,705
    AMERIFIRST FINANCIAL CORPORATION 6 3.38% $8,075
    THE MORTGAGE FIRM, INC. 6 2.75% $5,429
    Christensen Financial, Inc. 6 3.02% $7,757
    PENNYMAC LOAN SERVICES, LLC 6 3.12% $4,918
    First Guaranty Mortgage Corporation 6 3.27% $8,886
    HAMILTON HOME LOANS, INC. 6 3.00% $5,790
    HOME POINT FINANCIAL CORPORATION 6 2.87% $5,626
    HOMESTAR FINANCIAL CORPORATION 6 3.27% $5,112
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 3.03% $7,089
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.35% $6,676
    First Federal Bank 5 2.88% $6,589
    CROSSCOUNTRY MORTGAGE, LLC 4 2.87% $6,381
    Ameris Bank 4 2.91% $5,126
    CMG MORTGAGE, INC. 4 3.06% $6,367
    BROKER SOLUTIONS, INC. 4 2.75% $6,982
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 3.31% $7,813
    GUARANTEED RATE, INC. 4 3.13% $6,389
    FIRST EQUITY MORTGAGE BANKERS, INC. 4 3.31% $5,738
    Mortgage Lenders Investment Trading Corporation 4 3.47% $5,731
    MOVEMENT MORTGAGE, LLC 4 2.78% $4,207
    CELEBRITY HOME LOANS, LLC 3 3.04% $5,212
    LOANDEPOT.COM, LLC 3 3.21% $5,692
    FBC MORTGAGE, LLC 3 3.42% $6,567
    NEWREZ LLC 3 3.13% $5,405
    FREEDOM MORTGAGE CORPORATION 3 2.88% $5,894
    ABSOLUTE HOME MORTGAGE CORPORATION 3 3.08% $5,867
    Hometown Lenders, Inc. 3 3.71% $6,985
    MICHIGAN MUTUAL, INC. 3 3.08% $5,353
    Colten Mortgage, LLC 3 2.83% $6,027
    PLAZA HOME MORTGAGE, INC. 3 2.83% $5,998
    WATSON MORTGAGE CORP. 2 3.19% $5,882
    ACADEMY MORTGAGE CORPORATION 2 3.38% $6,043
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 3.00% $6,198
    ENVOY MORTGAGE, LTD 2 2.94% $6,290
    Equity Prime Mortgage LLC 2 3.75% $6,588
    Regions Bank 2 3.00% $3,980
    SIGNATURE MORTGAGE CORPORATION 2 3.19% $8,090
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $6,214
    Magnolia Bank 1 2.50% $6,164
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.13% $4,965
    Luxury Mortgage Corp. 1 2.75% $5,499
    Hometown Equity Mortgage, LLC 1 3.13% $7,874
    Northpointe Bank 1 2.50% $6,824
    OPEN MORTGAGE, LLC 1 2.75% $5,926
    FIDELITY FUNDING MORTGAGE CORP. 1 2.88% $5,726
    Evolve Bank & Trust 1 3.25% $5,276
    Plains Commerce Bank 1 3.38% $7,763
    EQUITY RESOURCES, INC. 1 2.25% $6,311
    DELMAR FINANCIAL COMPANY 1 2.75% $9,698
    CHURCHILL MORTGAGE CORPORATION 1 2.88% $8,183
    Prosperity Home Mortgage, LLC 1 3.25% $5,500
    Waterstone Mortgage Corporation 1 2.88% $6,439
    RELIANCE FIRST CAPITAL, LLC 1 2.38% $5,645
    ROSS MORTGAGE CORPORATION 1 3.13% $9,850
    SECURITYNATIONAL MORTGAGE COMPANY 1 2.88% $5,219
    1ST SIGNATURE LENDING, LLC 1 2.63% $6,083
    Centennial Bank 1 2.75% $5,529
    Capital City Home Loans, LLC 1 3.38% $5,833
    TD Bank 1 2.88% $3,987
    Bank of England 1 2.50% $5,600
    Town Square Mortgage & Investments, Inc. 1 2.75% $6,446
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.75% $7,674
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 3.88% $8,273
    United Fidelity Funding Corp. 1 3.25% $9,613
    Alcova Mortgage LLC 1 2.88% $5,310
    UNIVERSITY LENDING GROUP, LLC 1 3.00% $6,785
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.75% $5,554
    MORTGAGE FINANCIAL GROUP, INC. 1 3.13% $9,956
    MID AMERICA MORTGAGE, INC. 1 3.13% $4,463

    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 ($5,432) and DHI MORTGAGE COMPANY, LTD. ($5,621).

    The lowest rate Ocala USDA lenders (with over 10 loans originated) are Truist (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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $189,900 (1.6%) $268,937 (4.2%) 0.70 2,144
    2018-02-01 $190,723 (2.4%) $271,582 (5.7%) 0.69 2,153
    2018-03-01 $194,950 (2.7%) $271,818 (5.8%) 0.68 2,168
    2018-04-01 $199,745 (4.0%) $278,302 (7.7%) 0.68 2,108
    2018-05-01 $205,872 (5.6%) $282,196 (5.5%) 0.69 2,051
    2018-06-01 $205,000 (4.6%) $281,212 (3.1%) 0.68 2,061
    2018-07-01 $205,000 (7.9%) $282,580 (7.5%) 0.68 2,104
    2018-08-01 $199,700 (5.2%) $276,762 (6.4%) 0.67 2,125
    2018-09-01 $199,900 (5.3%) $274,681 (4.3%) 0.67 2,146
    2018-10-01 $199,575 (7.5%) $275,014 (8.0%) 0.67 2,201
    2018-11-01 $199,900 (5.8%) $272,422 (1.7%) 0.68 2,273
    2018-12-01 $199,950 (5.3%) $272,107 (0.0%) 0.69 2,297
    2019-01-01 $199,900 (5.3%) $270,755 (0.7%) 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%) $273,724 (0.7%) 0.65 2,378
    2019-04-01 $199,900 (0.1%) $279,174 (0.3%) 0.63 2,358
    2019-05-01 $204,850 (-0.5%) $280,271 (-0.7%) 0.64 2,243
    2019-06-01 $205,000 (0.0%) $287,745 (2.3%) 0.64 2,202
    2019-07-01 $206,038 (0.5%) $290,964 (3.0%) 0.65 2,141
    2019-08-01 $209,259 (4.8%) $290,682 (5.0%) 0.66 2,111
    2019-09-01 $209,648 (4.9%) $288,765 (5.1%) 0.67 2,102
    2019-10-01 $208,932 (4.7%) $285,584 (3.8%) 0.67 2,108
    2019-11-01 $209,000 (4.6%) $283,149 (3.9%) 0.69 2,109
    2019-12-01 $207,658 (3.9%) $279,494 (2.7%) 0.69 2,109
    2020-01-01 $204,498 (2.3%) $279,106 (3.1%) 0.68 2,047
    2020-02-01 $205,800 (3.2%) $280,081 (3.9%) 0.67 2,046
    2020-03-01 $207,625 (4.4%) $281,466 (2.8%) 0.65 1,896
    2020-04-01 $204,945 (2.5%) $280,300 (0.4%) 0.64 1,890
    2020-05-01 $209,900 (2.5%) $283,402 (1.1%) 0.64 1,783
    2020-06-01 $214,900 (4.8%) $298,204 (3.6%) 0.63 1,564
    2020-07-01 $215,000 (4.4%) $308,248 (5.9%) 0.62 1,423
    2020-08-01 $224,900 (7.5%) $319,257 (9.8%) 0.64 1,259
    2020-09-01 $226,406 (8.0%) $321,273 (11.3%) 0.65 1,225
    2020-10-01 $230,000 (10.1%) $337,160 (18.1%) 0.66 1,205
    2020-11-01 $229,900 (10.0%) $331,587 (17.1%) 0.67 1,235
    2020-12-01 $230,000 (10.8%) $329,955 (18.1%) 0.68 1,214
    2021-01-01 $236,000 (15.4%) $336,939 (20.7%) 0.70 1,054
    2021-02-01 $239,900 (16.6%) $344,852 (23.1%) 0.70 911
    2021-03-01 $241,498 (16.3%) $364,064 (29.4%) 0.69 701
    2021-04-01 $257,473 (25.6%) $392,034 (39.9%) 0.70 627
    2021-05-01 $265,000 (26.3%) $413,797 (46.0%) 0.70 606
    2021-06-01 $265,000 (23.3%) $445,862 (49.5%) 0.70 558
    2021-07-01 $273,250 (27.1%) $442,133 (43.4%) 0.72 715
    2021-08-01 $272,425 (21.1%) $413,713 (29.6%) 0.73 792
    2021-09-01 $272,800 (20.5%) $389,891 (21.4%) 0.73 788
    2021-10-01 $275,000 (19.6%) $385,625 (14.4%) 0.73 800
    2021-11-01 $282,450 (22.9%) $406,438 (22.6%) 0.75 791
    2021-12-01 $288,450 (25.4%) $406,286 (23.1%) 0.78 754
    2022-01-01 $299,900 (27.1%) $426,609 (26.6%) 0.81 687
    2022-02-01 $298,727 (24.5%) $430,248 (24.8%) 0.78 621
    2022-03-01 $299,900 (24.2%) $447,498 (22.9%) 0.75 650
    2022-04-01 $314,900 (22.3%) $449,250 (14.6%) 0.75 680
    2022-05-01 $325,000 (22.6%) $451,877 (9.2%) 0.74 811
    2022-06-01 $328,625 (24.0%) $459,046 (3.0%) 0.73 1,023
    2022-07-01 $324,900 (18.9%) $446,609 (1.0%) 0.74 1,333
    2022-08-01 $316,413 (16.2%) $423,562 (2.4%) 0.73 1,545
    2022-09-01 $313,198 (14.8%) $414,261 (6.3%) 0.73 1,720
    2022-10-01 $318,750 (15.9%) $409,918 (6.3%) 0.75 1,875
    2022-11-01 $314,500 (11.4%) $406,842 (0.1%) 0.76 2,031
    2022-12-01 $309,900 (7.4%) $410,508 (1.0%) 0.77 2,036
    Ocala's median listing price for 2022-12-01 was $309,900, a difference of $21,450 (7.4%) versus the prior year and $-4,600 versus the prior month.

    Ocala's median listing price comes in at 77% of the national average.

    Ocala's average listing price for 2022-12-01 was $410,508, a difference of $4,222 (1.0%) versus the prior year and $3,666 versus the prior month.

    For the 2022-12-01 period, Ocala had 2,036 MLS listings, a difference of 5 listings (0%) versus the prior month and 1,282 listings (170%) 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 77 days 1,772 sqft
    2018-02-01 77 days 1,779 sqft
    2018-03-01 64 days 1,796 sqft
    2018-04-01 66 days 1,808 sqft
    2018-05-01 64 days 1,816 sqft
    2018-06-01 64 days 1,828 sqft
    2018-07-01 65 days 1,824 sqft
    2018-08-01 64 days 1,796 sqft
    2018-09-01 68 days 1,803 sqft
    2018-10-01 65 days 1,800 sqft
    2018-11-01 63 days 1,802 sqft
    2018-12-01 71 days 1,819 sqft
    2019-01-01 74 days 1,790 sqft
    2019-02-01 67 days 1,772 sqft
    2019-03-01 65 days 1,762 sqft
    2019-04-01 65 days 1,763 sqft
    2019-05-01 65 days 1,762 sqft
    2019-06-01 66 days 1,760 sqft
    2019-07-01 68 days 1,760 sqft
    2019-08-01 68 days 1,771 sqft
    2019-09-01 67 days 1,784 sqft
    2019-10-01 67 days 1,786 sqft
    2019-11-01 61 days 1,768 sqft
    2019-12-01 66 days 1,752 sqft
    2020-01-01 73 days 1,750 sqft
    2020-02-01 67 days 1,747 sqft
    2020-03-01 61 days 1,750 sqft
    2020-04-01 67 days 1,747 sqft
    2020-05-01 79 days 1,727 sqft
    2020-06-01 85 days 1,735 sqft
    2020-07-01 73 days 1,740 sqft
    2020-08-01 66 days 1,760 sqft
    2020-09-01 57 days 1,762 sqft
    2020-10-01 54 days 1,782 sqft
    2020-11-01 52 days 1,747 sqft
    2020-12-01 58 days 1,752 sqft
    2021-01-01 61 days 1,758 sqft
    2021-02-01 52 days 1,769 sqft
    2021-03-01 47 days 1,744 sqft
    2021-04-01 41 days 1,817 sqft
    2021-05-01 40 days 1,817 sqft
    2021-06-01 39 days 1,760 sqft
    2021-07-01 37 days 1,776 sqft
    2021-08-01 36 days 1,753 sqft
    2021-09-01 41 days 1,748 sqft
    2021-10-01 42 days 1,725 sqft
    2021-11-01 44 days 1,751 sqft
    2021-12-01 60 days 1,746 sqft
    2022-01-01 50 days 1,763 sqft
    2022-02-01 39 days 1,706 sqft
    2022-03-01 37 days 1,682 sqft
    2022-04-01 35 days 1,724 sqft
    2022-05-01 32 days 1,729 sqft
    2022-06-01 31 days 1,729 sqft
    2022-07-01 35 days 1,700 sqft
    2022-08-01 43 days 1,672 sqft
    2022-09-01 45 days 1,678 sqft
    2022-10-01 53 days 1,702 sqft
    2022-11-01 60 days 1,699 sqft
    2022-12-01 69 days 1,701 sqft
    Ocala's median listing age (time on market) for 2022-12-01 was 69 days. This is 16% longer than the same period one year ago.

    Ocala's median square footage for active listings during the 2022-12-01 period was 1,701 sqft. One year prior, the average listing was 1,746 sqft.