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 7.1% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Okeechobee's average USDA mortgage closing costs are $6,040.

The average rate for the prior week (2024-05-10) was 6.84% and one month ago for the week of 2024-04-12, the average rate was 7.06%.

The average rate one year ago was 6.74%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.65%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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
2024-04-01 $341,950 (14.0%) $734,810 (37.6%) 0.00 135
Okeechobee's median listing price for 2024-04-01 was $341,950, a difference of $42,050 (14.0%) versus the prior year and $-7,500 versus the prior month.

Okeechobee's median listing price comes in at 0% of the national average.

Okeechobee's average listing price for 2024-04-01 was $734,810, a difference of $200,764 (37.6%) versus the prior year and $-7,709 versus the prior month.

For the 2024-04-01 period, Okeechobee had 135 MLS listings, a difference of -1 listings (-1%) versus the prior month and 24 listings (22%) 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
2024-04-01 0 days 1,505 sqft
Okeechobee's median listing age (time on market) for 2024-04-01 was 0 days.

Okeechobee's median square footage for active listings during the 2024-04-01 period was 1,505 sqft. One year prior, the average listing was 1,569 sqft.