Ocala USDA Loans

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 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%.

    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 Bank 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 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. 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
    Ocala's median listing price for 2022-04-01 was $314,900, a difference of $56,400 (21.8%) versus the prior year and $15,200 versus the prior month.

    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. 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
    Ocala's median listing age (time on market) for 2022-04-01 was 37 days. This is -12% shorter than the same period one year ago.

    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.