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
6.75%
for the week of 2024-04-12, compared to the national average (all USDA variants) of
6.705% for the same period.
Okeechobee's average USDA mortgage closing costs are $6,040.
The average rate for the prior week (2024-04-05) was
6.88% and
one month ago for the week of 2024-03-08, the
average rate was 6.54%.
The average rate one year ago was 6.34%.
For refis of the same type during the week of 2024-04-12, the average rate
was 6.91%.
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 | $145,425 (-2.5%) | $217,753 (6.9%) | 0.00 | 152 |
| 2018-02-01 | $139,900 (1.8%) | $205,282 (5.8%) | 0.00 | 155 |
| 2018-03-01 | $137,450 (5.7%) | $197,767 (3.6%) | 0.00 | 141 |
| 2018-04-01 | $125,450 (-14.7%) | $194,533 (-2.2%) | 0.00 | 142 |
| 2018-05-01 | $123,975 (-13.7%) | $211,522 (6.5%) | 0.00 | 154 |
| 2018-06-01 | $143,000 (-2.7%) | $242,029 (20.7%) | 0.00 | 153 |
| 2018-07-01 | $156,725 (5.2%) | $247,902 (28.4%) | 0.00 | 156 |
| 2018-08-01 | $146,225 (-2.2%) | $222,431 (13.0%) | 0.00 | 161 |
| 2018-09-01 | $164,500 (9.7%) | $219,207 (3.1%) | 0.00 | 167 |
| 2018-10-01 | $162,125 (-0.6%) | $215,821 (-3.3%) | 0.00 | 168 |
| 2018-11-01 | $168,125 (14.6%) | $217,288 (-0.8%) | 0.00 | 181 |
| 2018-12-01 | $169,500 (16.1%) | $229,653 (6.4%) | 0.00 | 181 |
| 2019-01-01 | $178,350 (22.6%) | $232,594 (6.8%) | 0.00 | 189 |
| 2019-02-01 | $184,700 (32.0%) | $229,327 (11.7%) | 0.00 | 183 |
| 2019-03-01 | $175,464 (27.7%) | $232,845 (17.7%) | 0.00 | 195 |
| 2019-04-01 | $180,625 (44.0%) | $251,817 (29.5%) | 0.00 | 195 |
| 2019-05-01 | $219,225 (76.8%) | $302,921 (43.2%) | 0.00 | 145 |
| 2019-06-01 | $204,000 (42.7%) | $275,489 (13.8%) | 0.00 | 156 |
| 2019-07-01 | $199,900 (27.6%) | $252,036 (1.7%) | 0.00 | 154 |
| 2019-08-01 | $199,655 (36.5%) | $247,318 (11.2%) | 0.00 | 153 |
| 2019-09-01 | $199,286 (21.2%) | $245,680 (12.1%) | 0.00 | 159 |
| 2019-10-01 | $199,000 (22.7%) | $244,588 (13.3%) | 0.00 | 162 |
| 2019-11-01 | $214,500 (27.6%) | $252,092 (16.0%) | 0.00 | 173 |
| 2019-12-01 | $217,000 (28.0%) | $264,108 (15.0%) | 0.00 | 171 |
| 2020-01-01 | $222,000 (24.5%) | $272,003 (16.9%) | 0.00 | 167 |
| 2020-02-01 | $225,000 (21.8%) | $264,917 (15.5%) | 0.00 | 163 |
| 2020-03-01 | $226,000 (28.8%) | $264,111 (13.4%) | 0.00 | 148 |
| 2020-04-01 | $225,000 (24.6%) | $250,242 (-0.6%) | 0.00 | 152 |
| 2020-05-01 | $229,000 (4.5%) | $441,832 (45.9%) | 0.00 | 133 |
| 2020-06-01 | $222,500 (9.1%) | $453,427 (64.6%) | 0.00 | 123 |
| 2020-07-01 | $225,000 (12.6%) | $484,275 (92.1%) | 0.00 | 112 |
| 2020-08-01 | $208,000 (4.2%) | $500,649 (102.4%) | 0.00 | 100 |
| 2020-09-01 | $202,000 (1.4%) | $523,363 (113.0%) | 0.00 | 97 |
| 2020-10-01 | $218,000 (9.6%) | $539,732 (120.7%) | 0.00 | 96 |
| 2020-11-01 | $218,500 (1.9%) | $530,567 (110.5%) | 0.00 | 103 |
| 2020-12-01 | $229,475 (5.8%) | $533,929 (102.2%) | 0.00 | 108 |
| 2021-01-01 | $221,000 (-0.5%) | $569,276 (109.3%) | 0.00 | 96 |
| 2021-02-01 | $232,425 (3.3%) | $585,937 (121.2%) | 0.00 | 93 |
| 2021-03-01 | $250,725 (10.9%) | $348,936 (32.1%) | 0.00 | 85 |
| 2021-04-01 | $250,975 (11.5%) | $345,787 (38.2%) | 0.00 | 65 |
| 2021-05-01 | $239,950 (4.8%) | $346,803 (-21.5%) | 0.00 | 69 |
| 2021-06-01 | $228,500 (2.7%) | $550,388 (21.4%) | 0.00 | 72 |
| 2021-07-01 | $249,900 (11.1%) | $547,824 (13.1%) | 0.00 | 74 |
| 2021-08-01 | $275,000 (32.2%) | $554,358 (10.7%) | 0.00 | 83 |
| 2021-09-01 | $275,000 (36.1%) | $549,057 (4.9%) | 0.00 | 96 |
| 2021-10-01 | $320,000 (46.8%) | $596,327 (10.5%) | 0.00 | 81 |
| 2021-11-01 | $345,750 (58.2%) | $658,440 (24.1%) | 0.00 | 71 |
| 2021-12-01 | $357,000 (55.6%) | $644,397 (20.7%) | 0.00 | 75 |
| 2022-01-01 | $349,500 (58.1%) | $714,777 (25.6%) | 0.00 | 67 |
| 2022-02-01 | $351,998 (51.5%) | $749,767 (28.0%) | 0.00 | 57 |
| 2022-03-01 | $366,490 (46.2%) | $829,285 (137.7%) | 0.00 | 48 |
| 2022-04-01 | $358,985 (43.0%) | $802,283 (132.0%) | 0.00 | 46 |
| 2022-05-01 | $377,988 (57.5%) | $726,851 (109.6%) | 0.00 | 59 |
| 2022-06-01 | $359,000 (57.1%) | $649,574 (18.0%) | 0.00 | 73 |
| 2022-07-01 | $349,000 (39.7%) | $598,463 (9.2%) | 0.00 | 100 |
| 2022-08-01 | $354,000 (28.7%) | $575,398 (3.8%) | 0.00 | 106 |
| 2022-09-01 | $349,475 (27.1%) | $563,206 (2.6%) | 0.00 | 114 |
| 2022-10-01 | $352,000 (10.0%) | $591,636 (-0.8%) | 0.00 | 121 |
| 2022-11-01 | $334,050 (-3.4%) | $558,402 (-15.2%) | 0.00 | 128 |
| 2022-12-01 | $329,500 (-7.7%) | $427,490 (-33.7%) | 0.00 | 118 |
| 2023-01-01 | $324,200 (-7.2%) | $474,698 (-33.6%) | 0.00 | 122 |
| 2023-02-01 | $325,000 (-7.7%) | $544,272 (-27.4%) | 0.00 | 124 |
| 2023-03-01 | $326,250 (-11.0%) | $565,669 (-31.8%) | 0.00 | 111 |
| 2023-04-01 | $299,900 (-16.5%) | $534,046 (-33.4%) | 0.00 | 111 |
| 2023-05-01 | $345,500 (-8.6%) | $579,944 (-20.2%) | 0.00 | 106 |
| 2023-06-01 | $329,975 (-8.1%) | $571,771 (-12.0%) | 0.00 | 109 |
| 2023-07-01 | $339,500 (-2.7%) | $557,420 (-6.9%) | 0.00 | 119 |
| 2023-08-01 | $340,500 (-3.8%) | $506,889 (-11.9%) | 0.00 | 122 |
| 2023-09-01 | $320,000 (-8.4%) | $551,919 (-2.0%) | 0.00 | 134 |
| 2023-10-01 | $330,500 (-6.1%) | $720,529 (21.8%) | 0.00 | 124 |
| 2023-11-01 | $327,000 (-2.1%) | $745,974 (33.6%) | 0.00 | 125 |
| 2023-12-01 | $329,000 (-0.2%) | $759,252 (77.6%) | 0.00 | 135 |
| 2024-01-01 | $343,725 (6.0%) | $747,640 (57.5%) | 0.00 | 143 |
| 2024-02-01 | $349,000 (7.4%) | $761,105 (39.8%) | 0.00 | 135 |
| 2024-03-01 | $349,450 (7.1%) | $742,519 (31.3%) | 0.00 | 136 |
Okeechobee's median listing price comes in at 0% of the national average.
Okeechobee's average listing price for 2024-03-01 was $742,519, a difference of $176,850 (31.3%) versus the prior year and $-18,586 versus the prior month.
For the 2024-03-01 period, Okeechobee had 136 MLS listings, a difference of 1 listings (1%) versus the prior month and 25 listings (23%) 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 | 1,310 sqft |
| 2018-02-01 | 0 days | 1,237 sqft |
| 2018-03-01 | 0 days | 1,280 sqft |
| 2018-04-01 | 0 days | 1,213 sqft |
| 2018-05-01 | 0 days | 1,307 sqft |
| 2018-06-01 | 0 days | 1,368 sqft |
| 2018-07-01 | 0 days | 1,506 sqft |
| 2018-08-01 | 0 days | 1,487 sqft |
| 2018-09-01 | 0 days | 1,505 sqft |
| 2018-10-01 | 0 days | 1,517 sqft |
| 2018-11-01 | 0 days | 1,525 sqft |
| 2018-12-01 | 0 days | 1,530 sqft |
| 2019-01-01 | 0 days | 1,530 sqft |
| 2019-02-01 | 0 days | 1,494 sqft |
| 2019-03-01 | 0 days | 1,505 sqft |
| 2019-04-01 | 0 days | 1,533 sqft |
| 2019-05-01 | 0 days | 1,694 sqft |
| 2019-06-01 | 0 days | 1,667 sqft |
| 2019-07-01 | 0 days | 1,632 sqft |
| 2019-08-01 | 0 days | 1,628 sqft |
| 2019-09-01 | 0 days | 1,649 sqft |
| 2019-10-01 | 0 days | 1,664 sqft |
| 2019-11-01 | 0 days | 1,635 sqft |
| 2019-12-01 | 0 days | 1,637 sqft |
| 2020-01-01 | 0 days | 1,660 sqft |
| 2020-02-01 | 0 days | 1,656 sqft |
| 2020-03-01 | 0 days | 1,657 sqft |
| 2020-04-01 | 0 days | 1,582 sqft |
| 2020-05-01 | 0 days | 1,568 sqft |
| 2020-06-01 | 0 days | 1,548 sqft |
| 2020-07-01 | 0 days | 1,507 sqft |
| 2020-08-01 | 0 days | 1,485 sqft |
| 2020-09-01 | 0 days | 1,485 sqft |
| 2020-10-01 | 0 days | 1,582 sqft |
| 2020-11-01 | 0 days | 1,605 sqft |
| 2020-12-01 | 0 days | 1,688 sqft |
| 2021-01-01 | 0 days | 1,638 sqft |
| 2021-02-01 | 0 days | 1,762 sqft |
| 2021-03-01 | 0 days | 1,791 sqft |
| 2021-04-01 | 0 days | 1,731 sqft |
| 2021-05-01 | 0 days | 1,535 sqft |
| 2021-06-01 | 0 days | 1,503 sqft |
| 2021-07-01 | 0 days | 1,548 sqft |
| 2021-08-01 | 0 days | 1,680 sqft |
| 2021-09-01 | 0 days | 1,699 sqft |
| 2021-10-01 | 0 days | 1,721 sqft |
| 2021-11-01 | 0 days | 1,820 sqft |
| 2021-12-01 | 0 days | 1,818 sqft |
| 2022-01-01 | 0 days | 1,741 sqft |
| 2022-02-01 | 0 days | 1,698 sqft |
| 2022-03-01 | 0 days | 1,683 sqft |
| 2022-04-01 | 0 days | 1,715 sqft |
| 2022-05-01 | 0 days | 1,639 sqft |
| 2022-06-01 | 0 days | 1,590 sqft |
| 2022-07-01 | 0 days | 1,562 sqft |
| 2022-08-01 | 0 days | 1,665 sqft |
| 2022-09-01 | 0 days | 1,661 sqft |
| 2022-10-01 | 0 days | 1,566 sqft |
| 2022-11-01 | 0 days | 1,506 sqft |
| 2022-12-01 | 0 days | 1,524 sqft |
| 2023-01-01 | 0 days | 1,526 sqft |
| 2023-02-01 | 0 days | 1,553 sqft |
| 2023-03-01 | 0 days | 1,593 sqft |
| 2023-04-01 | 0 days | 1,569 sqft |
| 2023-05-01 | 0 days | 1,646 sqft |
| 2023-06-01 | 0 days | 1,647 sqft |
| 2023-07-01 | 0 days | 1,641 sqft |
| 2023-08-01 | 0 days | 1,693 sqft |
| 2023-09-01 | 0 days | 1,565 sqft |
| 2023-10-01 | 0 days | 1,567 sqft |
| 2023-11-01 | 0 days | 1,553 sqft |
| 2023-12-01 | 0 days | 1,525 sqft |
| 2024-01-01 | 0 days | 1,519 sqft |
| 2024-02-01 | 0 days | 1,573 sqft |
| 2024-03-01 | 0 days | 1,547 sqft |
Okeechobee's median square footage for active listings during the 2024-03-01 period was 1,547 sqft. One year prior, the average listing was 1,593 sqft.