Orlando USDA Loan Rates, Closing Costs & Stats

ORLANDO-KISSIMMEE-SANFORD, 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.

    Orlando's 22 lenders originated 35 USDA loans during 2023. The total origination value was $9,165,000, with an average USDA loan value of $261,857.

    Orlando USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Orlando averaged 6.88% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Orlando's average USDA mortgage closing costs are $6,873.

    The average rate for the prior week (2024-04-12) was 6.63% and one month ago for the week of 2024-03-15, the average rate was 6.51%.

    The average rate one year ago was 6.35%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.07%.

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

    Orlando 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 Orlando level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    THE MORTGAGE FIRM, INC. 5 6.40% $9,482
    MORTGAGE FINANCIAL GROUP, INC. 4 6.72% $8,226
    UNITED WHOLESALE MORTGAGE, LLC 4 6.33% $9,035
    ACADEMY MORTGAGE CORPORATION 2 6.88% $10,073
    UNION HOME MORTGAGE CORP. 2 5.63% $9,957
    Waterstone Mortgage Corporation 2 6.19% $10,925
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $10,713
    First Heritage Mortgage, LLC 1 6.13% $12,009
    Flagstar Bank, FSB 1 7.00% $4,986
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $16,558
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.38% $11,020
    METROPLEX MORTGAGE SERVICES, INC. 1 6.25% $9,095
    Carrington Mortgage Services, LLC 1 5.38% $8,067
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $11,162
    NEWREZ LLC 1 6.75% $9,473
    OPEN MORTGAGE, LLC 1 6.13% $13,356
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $9,820
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.00% $6,591
    AMERICAN FINANCIAL NETWORK, INC. 1 6.88% $13,401
    AMERICAN BANCSHARES MORTGAGE 1 6.13% $12,730
    Century Mortgage Company DBA Century Lending Company 1 6.00% $10,565
    CROSSCOUNTRY MORTGAGE, LLC 1 7.75% $13,058

    The top Orlando USDA lender as defined by loan originations is THE MORTGAGE FIRM, INC., with 5 USDA loans originated. Their average total fees are $9,482, which is $1,257 higher than the next largest lender, MORTGAGE FINANCIAL GROUP, INC..

    The lowest fee Orlando USDA lenders (with over 10 loans originated) are .

    The lowest rate Orlando USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Orlando (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 $299,000 (8.7%) $438,788 (7.5%) 1.11 8,937
    2018-02-01 $299,950 (7.1%) $445,039 (8.1%) 1.09 8,953
    2018-03-01 $309,000 (8.4%) $445,808 (6.0%) 1.08 8,934
    2018-04-01 $317,945 (8.8%) $459,464 (6.6%) 1.08 8,939
    2018-05-01 $319,400 (6.9%) $461,316 (7.0%) 1.07 9,086
    2018-06-01 $319,617 (6.9%) $464,530 (8.4%) 1.07 9,345
    2018-07-01 $318,175 (6.4%) $461,244 (8.9%) 1.06 9,766
    2018-08-01 $318,750 (7.0%) $459,145 (10.0%) 1.07 9,870
    2018-09-01 $310,000 (3.7%) $448,394 (6.2%) 1.04 10,170
    2018-10-01 $307,945 (3.0%) $443,256 (5.0%) 1.04 10,598
    2018-11-01 $302,840 (1.3%) $434,235 (1.7%) 1.03 10,691
    2018-12-01 $300,000 (0.7%) $435,793 (1.3%) 1.03 10,453
    2019-01-01 $299,900 (0.3%) $436,424 (-0.5%) 1.04 10,236
    2019-02-01 $301,463 (0.5%) $441,354 (-0.8%) 1.02 10,327
    2019-03-01 $307,580 (-0.5%) $447,990 (0.5%) 1.01 10,140
    2019-04-01 $313,011 (-1.6%) $451,193 (-1.8%) 0.99 9,843
    2019-05-01 $315,250 (-1.3%) $453,851 (-1.6%) 0.99 9,885
    2019-06-01 $319,900 (0.1%) $451,328 (-2.8%) 1.00 9,956
    2019-07-01 $322,140 (1.3%) $449,549 (-2.5%) 1.01 9,890
    2019-08-01 $322,636 (1.2%) $446,514 (-2.8%) 1.02 9,786
    2019-09-01 $320,591 (3.4%) $441,973 (-1.4%) 1.03 9,748
    2019-10-01 $319,677 (3.8%) $438,946 (-1.0%) 1.03 9,716
    2019-11-01 $319,000 (5.3%) $437,546 (0.8%) 1.05 9,544
    2019-12-01 $316,841 (5.6%) $441,934 (1.4%) 1.06 9,082
    2020-01-01 $314,500 (4.9%) $444,179 (1.8%) 1.05 8,695
    2020-02-01 $325,000 (7.8%) $455,354 (3.2%) 1.06 8,387
    2020-03-01 $323,950 (5.3%) $455,872 (1.8%) 1.02 8,473
    2020-04-01 $312,500 (-0.2%) $433,091 (-4.0%) 0.98 9,166
    2020-05-01 $315,000 (-0.1%) $434,765 (-4.2%) 0.96 9,167
    2020-06-01 $319,950 (0.0%) $445,085 (-1.4%) 0.94 8,667
    2020-07-01 $322,525 (0.1%) $449,911 (0.1%) 0.93 8,313
    2020-08-01 $325,000 (0.7%) $447,208 (0.2%) 0.93 8,109
    2020-09-01 $325,000 (1.4%) $453,579 (2.6%) 0.93 7,885
    2020-10-01 $325,000 (1.7%) $452,390 (3.1%) 0.93 7,743
    2020-11-01 $325,000 (1.9%) $456,912 (4.4%) 0.95 7,568
    2020-12-01 $323,410 (2.1%) $456,963 (3.4%) 0.96 6,989
    2021-01-01 $319,495 (1.6%) $461,369 (3.9%) 0.95 5,933
    2021-02-01 $319,031 (-1.8%) $466,098 (2.4%) 0.93 4,913
    2021-03-01 $324,356 (0.1%) $477,331 (4.7%) 0.92 4,079
    2021-04-01 $327,000 (4.6%) $491,054 (13.4%) 0.89 3,549
    2021-05-01 $340,000 (7.9%) $501,696 (15.4%) 0.90 3,447
    2021-06-01 $355,445 (11.1%) $522,800 (17.5%) 0.94 3,691
    2021-07-01 $364,850 (13.1%) $520,877 (15.8%) 0.96 4,023
    2021-08-01 $374,950 (15.4%) $517,420 (15.7%) 1.00 4,206
    2021-09-01 $379,950 (16.9%) $528,658 (16.6%) 1.01 4,213
    2021-10-01 $389,999 (20.0%) $533,447 (17.9%) 1.04 4,110
    2021-11-01 $385,447 (18.6%) $535,985 (17.3%) 1.03 3,806
    2021-12-01 $389,923 (20.6%) $531,576 (16.3%) 1.06 3,386
    2022-01-01 $397,900 (24.5%) $550,664 (19.4%) 1.08 2,818
    2022-02-01 $397,500 (24.6%) $568,759 (22.0%) 1.03 2,536
    2022-03-01 $412,500 (27.2%) $588,942 (23.4%) 1.03 2,513
    2022-04-01 $429,900 (31.5%) $610,081 (24.2%) 1.02 2,765
    2022-05-01 $450,000 (32.4%) $626,526 (24.9%) 1.03 3,684
    2022-06-01 $465,000 (30.8%) $625,753 (19.7%) 1.04 4,879
    2022-07-01 $464,000 (27.2%) $614,361 (18.0%) 1.05 6,806
    2022-08-01 $453,168 (20.9%) $597,206 (15.4%) 1.05 7,351
    2022-09-01 $449,411 (18.3%) $586,019 (10.9%) 1.05 7,542
    2022-10-01 $445,000 (14.1%) $588,125 (10.3%) 1.05 7,392
    2022-11-01 $439,772 (14.1%) $581,227 (8.4%) 1.06 7,841
    2022-12-01 $430,000 (10.3%) $581,794 (9.5%) 1.06 7,376
    2023-01-01 $429,450 (7.9%) $590,898 (7.3%) 1.06 6,846
    2023-02-01 $434,995 (9.4%) $601,709 (5.8%) 1.05 6,418
    2023-03-01 $440,948 (6.9%) $618,305 (5.0%) 1.04 5,942
    2023-04-01 $441,850 (2.8%) $627,268 (2.8%) 1.03 5,793
    2023-05-01 $450,000 (0.0%) $641,973 (2.5%) 1.02 5,668
    2023-06-01 $459,450 (-1.2%) $642,590 (2.7%) 1.03 5,927
    2023-07-01 $459,900 (-0.9%) $643,212 (4.7%) 1.05 6,361
    2023-08-01 $458,970 (1.3%) $630,849 (5.6%) 1.05 6,702
    2023-09-01 $455,551 (1.4%) $622,464 (6.2%) 1.06 7,275
    2023-10-01 $449,995 (1.1%) $609,858 (3.7%) 1.06 7,832
    2023-11-01 $447,450 (1.8%) $603,817 (3.9%) 1.07 8,428
    2023-12-01 $438,990 (2.1%) $589,827 (1.4%) 1.07 8,605
    2024-01-01 $435,000 (1.3%) $584,534 (-1.1%) 1.06 8,715
    2024-02-01 $435,000 (0.0%) $588,706 (-2.2%) 1.05 8,891
    2024-03-01 $439,000 (-0.4%) $594,684 (-3.8%) 1.03 9,106
    Orlando's median listing price for 2024-03-01 was $439,000, a difference of $-1,948 (-0.4%) versus the prior year and $4,000 versus the prior month.

    Orlando's median listing price comes in at 103% of the national average.

    Orlando's average listing price for 2024-03-01 was $594,684, a difference of $-23,621 (-3.8%) versus the prior year and $5,978 versus the prior month.

    For the 2024-03-01 period, Orlando had 9,106 MLS listings, a difference of 215 listings (2%) versus the prior month and 3,164 listings (53%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Orlando (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 71 days 2,111 sqft
    2018-02-01 64 days 2,128 sqft
    2018-03-01 53 days 2,161 sqft
    2018-04-01 54 days 2,184 sqft
    2018-05-01 54 days 2,166 sqft
    2018-06-01 54 days 2,172 sqft
    2018-07-01 55 days 2,162 sqft
    2018-08-01 56 days 2,145 sqft
    2018-09-01 58 days 2,099 sqft
    2018-10-01 57 days 2,088 sqft
    2018-11-01 58 days 2,053 sqft
    2018-12-01 65 days 2,043 sqft
    2019-01-01 72 days 2,036 sqft
    2019-02-01 63 days 2,041 sqft
    2019-03-01 57 days 2,064 sqft
    2019-04-01 56 days 2,082 sqft
    2019-05-01 54 days 2,099 sqft
    2019-06-01 56 days 2,105 sqft
    2019-07-01 56 days 2,113 sqft
    2019-08-01 58 days 2,104 sqft
    2019-09-01 60 days 2,092 sqft
    2019-10-01 62 days 2,085 sqft
    2019-11-01 58 days 2,082 sqft
    2019-12-01 65 days 2,080 sqft
    2020-01-01 70 days 2,062 sqft
    2020-02-01 63 days 2,070 sqft
    2020-03-01 52 days 2,069 sqft
    2020-04-01 55 days 2,009 sqft
    2020-05-01 65 days 1,993 sqft
    2020-06-01 68 days 1,989 sqft
    2020-07-01 59 days 1,987 sqft
    2020-08-01 55 days 1,975 sqft
    2020-09-01 55 days 1,950 sqft
    2020-10-01 56 days 1,920 sqft
    2020-11-01 57 days 1,914 sqft
    2020-12-01 61 days 1,903 sqft
    2021-01-01 65 days 1,866 sqft
    2021-02-01 59 days 1,828 sqft
    2021-03-01 46 days 1,829 sqft
    2021-04-01 40 days 1,805 sqft
    2021-05-01 36 days 1,800 sqft
    2021-06-01 33 days 1,847 sqft
    2021-07-01 34 days 1,852 sqft
    2021-08-01 36 days 1,864 sqft
    2021-09-01 37 days 1,868 sqft
    2021-10-01 40 days 1,888 sqft
    2021-11-01 42 days 1,849 sqft
    2021-12-01 58 days 1,853 sqft
    2022-01-01 43 days 1,849 sqft
    2022-02-01 34 days 1,821 sqft
    2022-03-01 30 days 1,826 sqft
    2022-04-01 30 days 1,847 sqft
    2022-05-01 27 days 1,911 sqft
    2022-06-01 29 days 1,949 sqft
    2022-07-01 30 days 1,959 sqft
    2022-08-01 40 days 1,938 sqft
    2022-09-01 48 days 1,914 sqft
    2022-10-01 57 days 1,914 sqft
    2022-11-01 61 days 1,914 sqft
    2022-12-01 67 days 1,902 sqft
    2023-01-01 72 days 1,896 sqft
    2023-02-01 64 days 1,907 sqft
    2023-03-01 53 days 1,914 sqft
    2023-04-01 51 days 1,914 sqft
    2023-05-01 47 days 1,935 sqft
    2023-06-01 46 days 1,957 sqft
    2023-07-01 46 days 1,952 sqft
    2023-08-01 46 days 1,937 sqft
    2023-09-01 50 days 1,914 sqft
    2023-10-01 50 days 1,902 sqft
    2023-11-01 53 days 1,885 sqft
    2023-12-01 58 days 1,850 sqft
    2024-01-01 66 days 1,846 sqft
    2024-02-01 64 days 1,839 sqft
    2024-03-01 54 days 1,850 sqft
    Orlando's median listing age (time on market) for 2024-03-01 was 54 days. This is 2% longer than the same period one year ago.

    Orlando's median square footage for active listings during the 2024-03-01 period was 1,850 sqft. One year prior, the average listing was 1,914 sqft.