Okeechobee USDA Loan Rates, Closing Costs & Stats
Okeechobee, 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.
Okeechobee's 4 lenders originated 7 USDA loans during 2023. The total origination value was $1,595,000, with an average USDA loan value of $227,857.
Okeechobee USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Okeechobee
averaged
6.77%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Okeechobee's average USDA mortgage closing costs are $6,040.
The average rate for the prior week (2025-02-07) was
6.83% and
one month ago for the week of 2025-01-10, the
average rate was 6.58%.
The average rate one year ago was 6.77%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.33%.
Okeechobee 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 Okeechobee level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| METROPLEX MORTGAGE SERVICES, INC. | 4 | 6.56% | $9,466 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 7.25% | $10,730 |
| South State Bank | 1 | 6.38% | $6,169 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.13% | $8,141 |
The top Okeechobee USDA lender as defined by loan originations is METROPLEX MORTGAGE SERVICES, INC., with
4 USDA loans originated. Their average total fees are
$9,466, which is $1,264
lower than the next largest lender,
CROSSCOUNTRY MORTGAGE, LLC.
The lowest fee Okeechobee USDA lenders (with over 10 loans originated) are
.
The lowest rate Okeechobee USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Okeechobee (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 | $140,000 (-4.8%) | $217,763 (7.7%) | 0.00 | 137 |
| 2018-02-01 | $127,450 (-2.9%) | $204,560 (6.7%) | 0.00 | 138 |
| 2018-03-01 | $130,950 (0.8%) | $197,277 (5.5%) | 0.00 | 127 |
| 2018-04-01 | $119,900 (-17.3%) | $193,044 (-1.0%) | 0.00 | 129 |
| 2018-05-01 | $122,175 (-12.2%) | $213,689 (9.9%) | 0.00 | 140 |
| 2018-06-01 | $159,000 (14.0%) | $245,870 (24.7%) | 0.00 | 141 |
| 2018-07-01 | $164,750 (18.1%) | $252,474 (34.6%) | 0.00 | 144 |
| 2018-08-01 | $160,725 (7.9%) | $227,631 (17.9%) | 0.00 | 145 |
| 2018-09-01 | $169,750 (13.9%) | $223,236 (6.2%) | 0.00 | 157 |
| 2018-10-01 | $167,600 (10.3%) | $217,643 (-1.7%) | 0.00 | 158 |
| 2018-11-01 | $169,750 (21.5%) | $220,086 (1.2%) | 0.00 | 167 |
| 2018-12-01 | $172,250 (23.3%) | $231,475 (8.0%) | 0.00 | 166 |
| 2019-01-01 | $181,975 (30.0%) | $233,411 (7.2%) | 0.00 | 175 |
| 2019-02-01 | $187,250 (46.9%) | $230,772 (12.8%) | 0.00 | 167 |
| 2019-03-01 | $184,521 (40.9%) | $237,646 (20.5%) | 0.00 | 179 |
| 2019-04-01 | $191,675 (59.9%) | $259,528 (34.4%) | 0.00 | 182 |
| 2019-05-01 | $225,000 (84.2%) | $311,849 (45.9%) | 0.00 | 134 |
| 2019-06-01 | $221,500 (39.3%) | $289,582 (17.8%) | 0.00 | 140 |
| 2019-07-01 | $219,900 (33.5%) | $266,914 (5.7%) | 0.00 | 135 |
| 2019-08-01 | $220,336 (37.1%) | $260,170 (14.3%) | 0.00 | 135 |
| 2019-09-01 | $220,991 (30.2%) | $258,508 (15.8%) | 0.00 | 138 |
| 2019-10-01 | $221,427 (32.1%) | $257,400 (18.3%) | 0.00 | 140 |
| 2019-11-01 | $222,000 (30.8%) | $261,835 (19.0%) | 0.00 | 151 |
| 2019-12-01 | $226,225 (31.3%) | $271,171 (17.2%) | 0.00 | 149 |
| 2020-01-01 | $234,000 (28.6%) | $284,596 (21.9%) | 0.00 | 144 |
| 2020-02-01 | $230,000 (22.8%) | $276,487 (19.8%) | 0.00 | 142 |
| 2020-03-01 | $230,000 (24.7%) | $272,984 (14.9%) | 0.00 | 131 |
| 2020-04-01 | $229,975 (20.0%) | $257,405 (-0.8%) | 0.00 | 137 |
| 2020-05-01 | $232,500 (3.3%) | $466,453 (49.6%) | 0.00 | 119 |
| 2020-06-01 | $229,450 (3.6%) | $480,169 (65.8%) | 0.00 | 110 |
| 2020-07-01 | $229,000 (4.1%) | $513,991 (92.6%) | 0.00 | 100 |
| 2020-08-01 | $217,500 (-1.3%) | $527,499 (102.8%) | 0.00 | 92 |
| 2020-09-01 | $211,750 (-4.2%) | $560,751 (116.9%) | 0.00 | 88 |
| 2020-10-01 | $229,500 (3.7%) | $592,750 (130.3%) | 0.00 | 82 |
| 2020-11-01 | $244,975 (10.4%) | $591,353 (125.9%) | 0.00 | 88 |
| 2020-12-01 | $245,500 (8.5%) | $593,863 (119.0%) | 0.00 | 93 |
| 2021-01-01 | $229,900 (-1.8%) | $614,796 (116.0%) | 0.00 | 84 |
| 2021-02-01 | $249,250 (8.4%) | $650,437 (135.3%) | 0.00 | 80 |
| 2021-03-01 | $255,000 (10.9%) | $364,576 (33.6%) | 0.00 | 78 |
| 2021-04-01 | $252,500 (9.8%) | $365,907 (42.2%) | 0.00 | 58 |
| 2021-05-01 | $249,900 (7.5%) | $363,264 (-22.1%) | 0.00 | 60 |
| 2021-06-01 | $247,450 (7.8%) | $604,566 (25.9%) | 0.00 | 61 |
| 2021-07-01 | $259,500 (13.3%) | $600,074 (16.8%) | 0.00 | 63 |
| 2021-08-01 | $289,750 (33.2%) | $608,168 (15.3%) | 0.00 | 72 |
| 2021-09-01 | $295,750 (39.7%) | $593,636 (5.9%) | 0.00 | 84 |
| 2021-10-01 | $332,000 (44.7%) | $655,288 (10.6%) | 0.00 | 69 |
| 2021-11-01 | $350,000 (42.9%) | $725,024 (22.6%) | 0.00 | 61 |
| 2021-12-01 | $386,667 (57.5%) | $719,032 (21.1%) | 0.00 | 63 |
| 2022-01-01 | $385,000 (67.5%) | $779,674 (26.8%) | 0.00 | 58 |
| 2022-02-01 | $383,850 (54.0%) | $831,856 (27.9%) | 0.00 | 49 |
| 2022-03-01 | $386,975 (51.8%) | $929,324 (154.9%) | 0.00 | 42 |
| 2022-04-01 | $394,950 (56.4%) | $950,736 (159.8%) | 0.00 | 36 |
| 2022-05-01 | $396,213 (58.6%) | $776,007 (113.6%) | 0.00 | 53 |
| 2022-06-01 | $369,000 (49.1%) | $676,876 (12.0%) | 0.00 | 69 |
| 2022-07-01 | $349,000 (34.5%) | $618,163 (3.0%) | 0.00 | 89 |
| 2022-08-01 | $353,950 (22.2%) | $592,503 (-2.6%) | 0.00 | 96 |
| 2022-09-01 | $347,850 (17.6%) | $587,307 (-1.1%) | 0.00 | 103 |
| 2022-10-01 | $342,850 (3.3%) | $607,318 (-7.3%) | 0.00 | 110 |
| 2022-11-01 | $323,475 (-7.6%) | $572,985 (-21.0%) | 0.00 | 118 |
| 2022-12-01 | $306,000 (-20.9%) | $429,283 (-40.3%) | 0.00 | 110 |
| 2023-01-01 | $319,725 (-17.0%) | $488,864 (-37.3%) | 0.00 | 111 |
| 2023-02-01 | $324,475 (-15.5%) | $564,747 (-32.1%) | 0.00 | 112 |
| 2023-03-01 | $325,000 (-16.0%) | $585,732 (-37.0%) | 0.00 | 100 |
| 2023-04-01 | $299,900 (-24.1%) | $564,089 (-40.7%) | 0.00 | 97 |
| 2023-05-01 | $344,250 (-13.1%) | $613,255 (-21.0%) | 0.00 | 92 |
| 2023-06-01 | $335,938 (-9.0%) | $609,350 (-10.0%) | 0.00 | 94 |
| 2023-07-01 | $349,000 (0.0%) | $589,265 (-4.7%) | 0.00 | 103 |
| 2023-08-01 | $349,000 (-1.4%) | $530,469 (-10.5%) | 0.00 | 106 |
| 2023-09-01 | $320,000 (-8.0%) | $582,511 (-0.8%) | 0.00 | 118 |
| 2023-10-01 | $349,450 (1.9%) | $775,398 (27.7%) | 0.00 | 108 |
| 2023-11-01 | $343,725 (6.3%) | $814,947 (42.2%) | 0.00 | 107 |
| 2023-12-01 | $335,000 (9.5%) | $821,500 (91.4%) | 0.00 | 118 |
| 2024-01-01 | $366,950 (14.8%) | $800,975 (63.8%) | 0.00 | 124 |
| 2024-02-01 | $372,450 (14.8%) | $818,672 (45.0%) | 0.00 | 117 |
| 2024-03-01 | $352,500 (8.5%) | $791,067 (35.1%) | 0.00 | 120 |
| 2024-04-01 | $341,500 (13.9%) | $770,579 (36.6%) | 0.00 | 121 |
| 2024-05-01 | $349,675 (1.6%) | $794,559 (29.6%) | 0.00 | 116 |
| 2024-06-01 | $347,000 (3.3%) | $780,652 (28.1%) | 0.00 | 109 |
| 2024-07-01 | $349,000 (0.0%) | $653,328 (10.9%) | 0.00 | 114 |
| 2024-08-01 | $349,450 (0.1%) | $647,572 (22.1%) | 0.00 | 118 |
| 2024-09-01 | $349,500 (9.2%) | $715,729 (22.9%) | 0.00 | 129 |
| 2024-10-01 | $350,000 (0.2%) | $747,886 (-3.6%) | 0.00 | 130 |
| 2024-11-01 | $349,000 (1.5%) | $710,135 (-12.9%) | 0.00 | 145 |
| 2024-12-01 | $349,750 (4.4%) | $700,511 (-14.7%) | 0.00 | 159 |
| 2025-01-01 | $349,700 (-4.7%) | $720,904 (-10.0%) | 0.00 | 143 |
Okeechobee's median listing price comes in at 0% of the national average.
Okeechobee's average listing price for 2025-01-01 was $720,904, a difference of $-80,071 (-10.0%) versus the prior year and $20,393 versus the prior month.
For the 2025-01-01 period, Okeechobee had 143 MLS listings, a difference of -16 listings (-10%) versus the prior month and 19 listings (15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Okeechobee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,286 sqft |
| 2018-02-01 | 0 days | 1,210 sqft |
| 2018-03-01 | 0 days | 1,204 sqft |
| 2018-04-01 | 0 days | 1,200 sqft |
| 2018-05-01 | 0 days | 1,233 sqft |
| 2018-06-01 | 0 days | 1,368 sqft |
| 2018-07-01 | 0 days | 1,499 sqft |
| 2018-08-01 | 0 days | 1,469 sqft |
| 2018-09-01 | 0 days | 1,502 sqft |
| 2018-10-01 | 0 days | 1,480 sqft |
| 2018-11-01 | 0 days | 1,511 sqft |
| 2018-12-01 | 0 days | 1,498 sqft |
| 2019-01-01 | 0 days | 1,491 sqft |
| 2019-02-01 | 0 days | 1,468 sqft |
| 2019-03-01 | 0 days | 1,481 sqft |
| 2019-04-01 | 0 days | 1,522 sqft |
| 2019-05-01 | 0 days | 1,692 sqft |
| 2019-06-01 | 0 days | 1,666 sqft |
| 2019-07-01 | 0 days | 1,635 sqft |
| 2019-08-01 | 0 days | 1,642 sqft |
| 2019-09-01 | 0 days | 1,679 sqft |
| 2019-10-01 | 0 days | 1,703 sqft |
| 2019-11-01 | 0 days | 1,651 sqft |
| 2019-12-01 | 0 days | 1,624 sqft |
| 2020-01-01 | 0 days | 1,688 sqft |
| 2020-02-01 | 0 days | 1,688 sqft |
| 2020-03-01 | 0 days | 1,666 sqft |
| 2020-04-01 | 0 days | 1,568 sqft |
| 2020-05-01 | 0 days | 1,539 sqft |
| 2020-06-01 | 0 days | 1,509 sqft |
| 2020-07-01 | 0 days | 1,497 sqft |
| 2020-08-01 | 0 days | 1,482 sqft |
| 2020-09-01 | 0 days | 1,485 sqft |
| 2020-10-01 | 0 days | 1,582 sqft |
| 2020-11-01 | 0 days | 1,609 sqft |
| 2020-12-01 | 0 days | 1,759 sqft |
| 2021-01-01 | 0 days | 1,710 sqft |
| 2021-02-01 | 0 days | 1,801 sqft |
| 2021-03-01 | 0 days | 1,808 sqft |
| 2021-04-01 | 0 days | 1,794 sqft |
| 2021-05-01 | 0 days | 1,704 sqft |
| 2021-06-01 | 0 days | 1,685 sqft |
| 2021-07-01 | 0 days | 1,745 sqft |
| 2021-08-01 | 0 days | 1,787 sqft |
| 2021-09-01 | 0 days | 1,772 sqft |
| 2021-10-01 | 0 days | 1,880 sqft |
| 2021-11-01 | 0 days | 1,971 sqft |
| 2021-12-01 | 0 days | 1,910 sqft |
| 2022-01-01 | 0 days | 1,868 sqft |
| 2022-02-01 | 0 days | 1,843 sqft |
| 2022-03-01 | 0 days | 1,790 sqft |
| 2022-04-01 | 0 days | 1,780 sqft |
| 2022-05-01 | 0 days | 1,643 sqft |
| 2022-06-01 | 0 days | 1,549 sqft |
| 2022-07-01 | 0 days | 1,542 sqft |
| 2022-08-01 | 0 days | 1,654 sqft |
| 2022-09-01 | 0 days | 1,642 sqft |
| 2022-10-01 | 0 days | 1,548 sqft |
| 2022-11-01 | 0 days | 1,491 sqft |
| 2022-12-01 | 0 days | 1,500 sqft |
| 2023-01-01 | 0 days | 1,536 sqft |
| 2023-02-01 | 0 days | 1,566 sqft |
| 2023-03-01 | 0 days | 1,587 sqft |
| 2023-04-01 | 0 days | 1,600 sqft |
| 2023-05-01 | 0 days | 1,676 sqft |
| 2023-06-01 | 0 days | 1,686 sqft |
| 2023-07-01 | 0 days | 1,685 sqft |
| 2023-08-01 | 0 days | 1,728 sqft |
| 2023-09-01 | 0 days | 1,565 sqft |
| 2023-10-01 | 0 days | 1,565 sqft |
| 2023-11-01 | 0 days | 1,565 sqft |
| 2023-12-01 | 0 days | 1,525 sqft |
| 2024-01-01 | 0 days | 1,511 sqft |
| 2024-02-01 | 0 days | 1,517 sqft |
| 2024-03-01 | 0 days | 1,508 sqft |
| 2024-04-01 | 0 days | 1,471 sqft |
| 2024-05-01 | 0 days | 1,452 sqft |
| 2024-06-01 | 0 days | 1,468 sqft |
| 2024-07-01 | 0 days | 1,503 sqft |
| 2024-08-01 | 0 days | 1,607 sqft |
| 2024-09-01 | 0 days | 1,548 sqft |
| 2024-10-01 | 0 days | 1,601 sqft |
| 2024-11-01 | 0 days | 1,504 sqft |
| 2024-12-01 | 0 days | 1,528 sqft |
| 2025-01-01 | 0 days | 1,501 sqft |
Okeechobee's median square footage for active listings during the 2025-01-01 period was 1,501 sqft. One year prior, the average listing was 1,511 sqft.