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 62 lenders originated 171 USDA loans during 2022. The total origination value was $37,705,000, with an average USDA loan value of $220,497.

Ocala USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Ocala averaged 6.13% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

Ocala's average USDA mortgage closing costs are $6,027.

The average rate for the prior week (2023-05-19) was 5.98% and one month ago for the week of 2023-04-21, the average rate was 6.18%.

The average rate one year ago was 4.9%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.61%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Flagstar Bank, FSB 15 3.94% $6,011
HOME SOLUTION LENDERS INC. 9 4.47% $9,701
UNITED WHOLESALE MORTGAGE, LLC 7 4.50% $7,438
Truist 6 3.71% $7,928
SUCCESS MORTGAGE PARTNERS, INC. 6 4.27% $8,702
HOMEBRIDGE FINANCIAL SERVICES, INC. 6 4.58% $8,938
AMERICAN BANCSHARES MORTGAGE, LLC 6 6.08% $9,898
FBC MORTGAGE, LLC 6 4.00% $8,821
AMERICAN FINANCIAL RESOURCES, INC. 5 4.48% $6,255
UNION HOME MORTGAGE CORP. 5 4.23% $6,648
METROPLEX MORTGAGE SERVICES, INC. 5 4.80% $8,059
CALIBER HOME LOANS, INC. 4 3.88% $11,354
Century Mortgage Company DBA Century Lending Company 4 3.72% $7,016
HOMESTAR FINANCIAL CORPORATION 4 4.06% $7,547
Goldwater Bank, N.A. 4 4.69% $8,380
HOME POINT FINANCIAL CORPORATION 3 5.29% $8,155
AMERICAN PACIFIC MORTGAGE CORPORATION 3 4.50% $7,887
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.67% $9,949
First Federal Bank 3 4.00% $6,523
VANDERBILT MORTGAGE AND FINANCE, INC. 3 5.17% $10,726
PENNYMAC LOAN SERVICES, LLC 2 3.24% $6,921
Paramount Residential Mortgage Group, Inc. 2 4.38% $6,260
STOCKTON MORTGAGE CORPORATION 2 6.44% $8,957
NATIONS RELIABLE LENDING, LLC 2 4.06% $6,645
AMERIFIRST FINANCIAL CORPORATION 2 5.50% $10,188
Mortgage Lenders Investment Trading Corporation 2 5.25% $8,566
EVERETT FINANCIAL, INC. 2 4.69% $5,769
Equity Prime Mortgage LLC 2 6.00% $9,910
Ixonia Bank 2 4.25% $7,299
ACADEMY MORTGAGE CORPORATION 2 4.50% $10,378
CROSSCOUNTRY MORTGAGE, LLC 2 5.63% $6,495
PLAZA HOME MORTGAGE, INC. 2 4.25% $11,889
Waterstone Mortgage Corporation 1 5.13% $11,017
ALLIED MORTGAGE GROUP, INC. 1 5.63% $5,452
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.12% $13,693
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.63% $6,318
Bank of England 1 5.25% $4,407
CANOPY MORTGAGE, LLC 1 5.99% $10,537
CARDINAL FINANCIAL 1 3.75% $5,333
Centennial Bank 1 5.50% $7,528
Christensen Financial, Inc. 1 3.75% $8,983
Citizens Bank 1 5.25% $4,688
COMPASS MORTGAGE, INC. 1 3.75% $8,512
FIRST EQUITY MORTGAGE BANKERS, INC. 1 4.00% $6,882
First Savings Bank 1 3.75% $6,677
GENEVA FINANCIAL, LLC 1 7.25% $15,901
GUARANTEED RATE AFFINITY, LLC 1 4.75% $13,012
HAMILTON HOME LOANS, INC. 1 4.99% $7,915
LEADERONE FINANCIAL CORPORATION 1 5.63% $10,369
LOANDEPOT.COM, LLC 1 5.50% $10,492
Loan Simple, Inc. 1 6.00% $10,705
Magnolia Bank 1 7.13% $8,130
MORTGAGE FINANCIAL GROUP, INC. 1 5.63% $6,912
MORTGAGE FINANCIAL SERVICES, LLC 1 4.13% $3,127
MOVEMENT MORTGAGE, LLC 1 3.88% $8,876
OCMBC, INC. 1 4.00% $10,148
OPEN MORTGAGE, LLC 1 5.63% $4,930
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.13% $7,873
Plains Commerce Bank 1 5.00% $7,019
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.88% $9,132
Prosperity Home Mortgage, LLC 1 3.75% $5,748
T2 FINANCIAL LLC 1 6.63% $8,147

The top Ocala USDA lender as defined by loan originations is Flagstar Bank, FSB, with 15 USDA loans originated. Their average total fees are $6,011, which is $3,689 lower than the next largest lender, HOME SOLUTION LENDERS INC..

The lowest fee Ocala USDA lenders (with over 10 loans originated) are Flagstar Bank, FSB ($6,011), .

The lowest rate Ocala USDA lenders (with over 10 loans originated) are Flagstar Bank, FSB (3.94%), .


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%) 0.68 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 $199,000 (2.1%) $272,227 (0.2%) 0.66 2,374
2019-04-01 $199,900 (0.1%) $279,368 (0.4%) 0.63 2,350
2019-05-01 $204,950 (-0.5%) $280,384 (-0.6%) 0.64 2,240
2019-06-01 $205,000 (0.0%) $287,948 (2.4%) 0.64 2,199
2019-07-01 $206,390 (0.7%) $291,221 (3.1%) 0.65 2,137
2019-08-01 $214,900 (7.6%) $298,324 (7.8%) 0.67 2,114
2019-09-01 $216,005 (8.1%) $308,363 (12.3%) 0.68 1,904
2019-10-01 $209,450 (5.0%) $285,836 (3.9%) 0.68 2,103
2019-11-01 $209,000 (4.6%) $283,399 (4.0%) 0.69 2,105
2019-12-01 $208,241 (4.2%) $279,704 (2.8%) 0.69 2,106
2020-01-01 $204,600 (2.4%) $279,318 (3.2%) 0.68 2,043
2020-02-01 $206,990 (3.8%) $280,293 (4.0%) 0.68 2,042
2020-03-01 $208,353 (4.7%) $281,718 (3.5%) 0.65 1,892
2020-04-01 $204,948 (2.5%) $280,570 (0.4%) 0.64 1,886
2020-05-01 $209,900 (2.4%) $283,699 (1.2%) 0.64 1,778
2020-06-01 $214,950 (4.9%) $298,684 (3.7%) 0.63 1,559
2020-07-01 $215,000 (4.2%) $308,808 (6.0%) 0.62 1,418
2020-08-01 $224,900 (4.7%) $319,916 (7.2%) 0.64 1,254
2020-09-01 $226,620 (4.9%) $321,970 (4.4%) 0.65 1,220
2020-10-01 $230,000 (9.8%) $337,929 (18.2%) 0.66 1,200
2020-11-01 $229,924 (10.0%) $332,309 (17.3%) 0.67 1,230
2020-12-01 $230,000 (10.5%) $330,675 (18.2%) 0.68 1,209
2021-01-01 $237,000 (15.8%) $337,729 (20.9%) 0.71 1,049
2021-02-01 $239,900 (15.9%) $345,866 (23.4%) 0.70 906
2021-03-01 $242,350 (16.3%) $365,409 (29.7%) 0.69 696
2021-04-01 $258,900 (26.3%) $393,605 (40.3%) 0.70 622
2021-05-01 $265,450 (26.5%) $415,465 (46.5%) 0.70 601
2021-06-01 $266,975 (24.2%) $448,013 (50.0%) 0.70 553
2021-07-01 $274,900 (27.9%) $443,869 (43.7%) 0.73 711
2021-08-01 $272,495 (21.2%) $415,123 (29.8%) 0.73 788
2021-09-01 $274,125 (21.0%) $391,114 (21.5%) 0.73 783
2021-10-01 $275,000 (19.6%) $386,904 (14.5%) 0.73 795
2021-11-01 $283,225 (23.2%) $407,874 (22.7%) 0.76 786
2021-12-01 $289,639 (25.9%) $407,695 (23.3%) 0.78 750
2022-01-01 $299,900 (26.5%) $428,209 (26.8%) 0.81 684
2022-02-01 $299,000 (24.6%) $431,853 (24.9%) 0.78 617
2022-03-01 $299,900 (23.8%) $449,290 (23.0%) 0.75 646
2022-04-01 $314,900 (21.6%) $450,968 (14.6%) 0.75 676
2022-05-01 $325,000 (22.4%) $453,323 (9.1%) 0.74 807
2022-06-01 $328,950 (23.2%) $460,206 (2.7%) 0.73 1,019
2022-07-01 $324,950 (18.2%) $447,324 (0.8%) 0.73 1,329
2022-08-01 $316,450 (16.1%) $424,336 (2.2%) 0.73 1,541
2022-09-01 $313,450 (14.4%) $414,950 (6.1%) 0.73 1,716
2022-10-01 $318,800 (15.9%) $410,608 (6.1%) 0.75 1,870
2022-11-01 $314,900 (11.2%) $407,462 (-0.1%) 0.76 2,027
2022-12-01 $310,450 (7.2%) $413,940 (1.5%) 0.77 2,008
2023-01-01 $311,057 (3.7%) $409,463 (-4.4%) 0.77 2,046
2023-02-01 $306,950 (2.7%) $406,316 (-5.9%) 0.74 2,086
2023-03-01 $306,450 (2.2%) $410,725 (-8.6%) 0.72 2,030
2023-04-01 $304,500 (-3.3%) $402,895 (-10.7%) 0.71 2,065
Ocala's median listing price for 2023-04-01 was $304,500, a difference of $-10,400 (-3.3%) versus the prior year and $-1,950 versus the prior month.

Ocala's median listing price comes in at 71% of the national average.

Ocala's average listing price for 2023-04-01 was $402,895, a difference of $-48,073 (-10.7%) versus the prior year and $-7,830 versus the prior month.

For the 2023-04-01 period, Ocala had 2,065 MLS listings, a difference of 35 listings (2%) versus the prior month and 1,389 listings (205%) 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 1,780 sqft
2018-03-01 64 days 1,797 sqft
2018-04-01 66 days 1,809 sqft
2018-05-01 64 days 1,817 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 1,820 sqft
2019-01-01 74 days 1,790 sqft
2019-02-01 67 days 1,773 sqft
2019-03-01 61 days 1,776 sqft
2019-04-01 65 days 1,765 sqft
2019-05-01 65 days 1,763 sqft
2019-06-01 66 days 1,761 sqft
2019-07-01 68 days 1,761 sqft
2019-08-01 74 days 1,804 sqft
2019-09-01 79 days 1,824 sqft
2019-10-01 67 days 1,788 sqft
2019-11-01 60 days 1,768 sqft
2019-12-01 66 days 1,752 sqft
2020-01-01 73 days 1,751 sqft
2020-02-01 66 days 1,747 sqft
2020-03-01 61 days 1,752 sqft
2020-04-01 67 days 1,747 sqft
2020-05-01 79 days 1,728 sqft
2020-06-01 85 days 1,736 sqft
2020-07-01 72 days 1,742 sqft
2020-08-01 66 days 1,765 sqft
2020-09-01 56 days 1,763 sqft
2020-10-01 54 days 1,784 sqft
2020-11-01 51 days 1,747 sqft
2020-12-01 57 days 1,754 sqft
2021-01-01 61 days 1,760 sqft
2021-02-01 52 days 1,770 sqft
2021-03-01 47 days 1,751 sqft
2021-04-01 40 days 1,819 sqft
2021-05-01 40 days 1,819 sqft
2021-06-01 39 days 1,765 sqft
2021-07-01 37 days 1,784 sqft
2021-08-01 36 days 1,755 sqft
2021-09-01 41 days 1,750 sqft
2021-10-01 41 days 1,728 sqft
2021-11-01 44 days 1,754 sqft
2021-12-01 59 days 1,750 sqft
2022-01-01 50 days 1,769 sqft
2022-02-01 39 days 1,706 sqft
2022-03-01 36 days 1,685 sqft
2022-04-01 34 days 1,725 sqft
2022-05-01 31 days 1,730 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 52 days 1,704 sqft
2022-11-01 60 days 1,700 sqft
2022-12-01 68 days 1,704 sqft
2023-01-01 74 days 1,705 sqft
2023-02-01 68 days 1,690 sqft
2023-03-01 58 days 1,695 sqft
2023-04-01 57 days 1,666 sqft
Ocala's median listing age (time on market) for 2023-04-01 was 57 days. This is 68% longer than the same period one year ago.

Ocala's median square footage for active listings during the 2023-04-01 period was 1,666 sqft. One year prior, the average listing was 1,725 sqft.