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 6.21% for the week of 2022-09-23, compared to the national average (all USDA variants) of 6.08% for the same period.

The average rate for the prior week (2022-09-16) was 5.84% and one month ago for the week of 2022-08-19, the average rate was 5.43%.

The average rate one year ago was 3.36%.

For refis of the same type during the week of 2022-09-23, the average rate was 6%.

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 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. Total Fees
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 (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
2022-05-01 $324,900 (22.6%) $458,689 (8.6%) 0.73 788
2022-06-01 $326,050 (23.1%) $462,335 (3.9%) 0.72 996
2022-07-01 $323,480 (20.9%) $443,818 (2.8%) 0.72 1,309
2022-08-01 $316,375 (16.7%) $422,901 (3.6%) 0.73 1,533
Ocala's median listing price for 2022-08-01 was $316,375, a difference of $45,250 (16.7%) versus the prior year and $-7,105 versus the prior month.

Ocala's median listing price comes in at 73% of the national average.

Ocala's average listing price for 2022-08-01 was $422,901, a difference of $14,647 (3.6%) versus the prior year and $-20,917 versus the prior month.

For the 2022-08-01 period, Ocala had 1,533 MLS listings, a difference of 224 listings (17%) versus the prior month and 740 listings (93%) 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 1,789 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
2022-05-01 35 days 1,740 sqft
2022-06-01 32 days 1,736 sqft
2022-07-01 37 days 1,712 sqft
2022-08-01 43 days 1,679 sqft
Ocala's median listing age (time on market) for 2022-08-01 was 43 days. This is 19% longer than the same period one year ago.

Ocala's median square footage for active listings during the 2022-08-01 period was 1,679 sqft. One year prior, the average listing was 1,754 sqft.