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 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.