Orlando USDA Loan Rates, Closing Costs & Stats

ORLANDO-KISSIMMEE-SANFORD, 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.

Orlando's 34 lenders originated 58 USDA loans during 2022. The total origination value was $14,300,000, with an average USDA loan value of $246,552.

Orlando USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Orlando averaged -0.38% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

Orlando's average USDA mortgage closing costs are $6,791.

The average rate for the prior week (2023-11-17) was 7.01% and one month ago for the week of 2023-10-20, the average rate was 7.23%.

The average rate one year ago was 6.47%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.41%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
MORTGAGE FINANCIAL GROUP, INC. 8 5.36% $8,831
Paramount Residential Mortgage Group, Inc. 3 4.67% $10,691
FBC MORTGAGE, LLC 3 4.75% $8,889
METROPLEX MORTGAGE SERVICES, INC. 3 6.25% $9,449
SUCCESS MORTGAGE PARTNERS, INC. 3 4.50% $8,411
Flagstar Bank, FSB 3 3.24% $5,487
UNITED WHOLESALE MORTGAGE, LLC 3 4.63% $8,589
CALIBER HOME LOANS, INC. 2 3.94% $8,290
Equity Prime Mortgage LLC 2 3.00% $6,275
HOME POINT FINANCIAL CORPORATION 2 4.81% $10,875
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 4.00% $9,841
LOANDEPOT.COM, LLC 1 4.00% $10,276
MORTGAGE FINANCIAL SERVICES, LLC 1 3.75% $3,289
Mortgage Lenders Investment Trading Corporation 1 5.75% $10,927
MOVEMENT MORTGAGE, LLC 1 5.25% $12,417
OCEANSIDE MORTGAGE COMPANY 1 3.25% $1,500
OPEN MORTGAGE, LLC 1 5.38% $8,556
Plains Commerce Bank 1 5.63% $8,202
PLANET HOME LENDING, LLC 1 4.13% $12,000
THE MORTGAGE FIRM, INC. 1 4.25% $9,319
UNION HOME MORTGAGE CORP. 1 5.25% $10,716
UNIVERSAL MORTGAGE & FINANCE, INC. 1 4.13% $6,575
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $9,445
Waterstone Mortgage Corporation 1 5.13% $12,472
Bank of England 1 4.38% $11,798
CARDINAL FINANCIAL 1 6.75% $5,211
Carrington Mortgage Services, LLC 1 4.88% $9,501
FIDELITY FUNDING MORTGAGE CORP. 1 5.63% $10,504
GENEVA FINANCIAL, LLC 1 3.25% $7,517
GUILD MORTGAGE COMPANY 1 4.63% $10,356
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.00% $16,669
HOMESPIRE MORTGAGE CORPORATION 1 5.00% $9,565
HUNT MORTGAGE CORPORATION 1 3.38% $5,264
KBHS HOME LOANS, LLC 1 3.88% $9,320

The top Orlando USDA lender as defined by loan originations is MORTGAGE FINANCIAL GROUP, INC., with 8 USDA loans originated. Their average total fees are $8,831, which is $1,860 lower than the next largest lender, Paramount Residential Mortgage 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%) $438,789 (7.5%) 1.11 8,938
2018-02-01 $299,950 (7.1%) $445,022 (8.0%) 1.09 8,955
2018-03-01 $309,000 (8.4%) $445,746 (6.0%) 1.08 8,935
2018-04-01 $317,945 (8.8%) $459,489 (6.6%) 1.08 8,941
2018-05-01 $319,400 (6.9%) $461,328 (7.0%) 1.07 9,088
2018-06-01 $319,617 (6.9%) $464,505 (8.4%) 1.07 9,345
2018-07-01 $318,175 (6.4%) $461,219 (8.9%) 1.06 9,766
2018-08-01 $318,750 (7.0%) $459,121 (10.0%) 1.07 9,870
2018-09-01 $310,000 (3.7%) $448,382 (6.1%) 1.04 10,170
2018-10-01 $307,945 (3.0%) $443,199 (5.0%) 1.04 10,597
2018-11-01 $302,835 (1.3%) $434,179 (1.7%) 1.03 10,690
2018-12-01 $300,000 (0.7%) $435,736 (1.2%) 1.03 10,451
2019-01-01 $299,900 (0.3%) $436,362 (-0.6%) 1.04 10,233
2019-02-01 $301,445 (0.5%) $441,285 (-0.8%) 1.02 10,325
2019-03-01 $307,573 (-0.5%) $447,938 (0.5%) 1.01 10,138
2019-04-01 $313,003 (-1.6%) $451,126 (-1.8%) 0.99 9,841
2019-05-01 $315,250 (-1.3%) $453,896 (-1.6%) 0.99 9,886
2019-06-01 $319,900 (0.1%) $451,563 (-2.8%) 1.00 9,957
2019-07-01 $322,430 (1.3%) $449,783 (-2.5%) 1.01 9,891
2019-08-01 $322,636 (1.2%) $446,735 (-2.7%) 1.02 9,788
2019-09-01 $320,591 (3.4%) $442,176 (-1.4%) 1.03 9,750
2019-10-01 $319,677 (3.8%) $439,137 (-0.9%) 1.03 9,719
2019-11-01 $319,000 (5.3%) $437,700 (0.8%) 1.05 9,546
2019-12-01 $316,973 (5.7%) $442,121 (1.5%) 1.06 9,082
2020-01-01 $314,500 (4.9%) $444,224 (1.8%) 1.05 8,694
2020-02-01 $325,000 (7.8%) $455,370 (3.2%) 1.07 8,386
2020-03-01 $323,951 (5.3%) $455,857 (1.8%) 1.02 8,473
2020-04-01 $312,500 (-0.2%) $433,093 (-4.0%) 0.98 9,166
2020-05-01 $315,000 (-0.1%) $434,754 (-4.2%) 0.96 9,167
2020-06-01 $319,950 (0.0%) $445,085 (-1.4%) 0.94 8,667
2020-07-01 $322,555 (0.0%) $449,913 (0.0%) 0.93 8,314
2020-08-01 $325,000 (0.7%) $447,209 (0.1%) 0.93 8,110
2020-09-01 $325,000 (1.4%) $453,603 (2.6%) 0.93 7,886
2020-10-01 $325,000 (1.7%) $452,414 (3.0%) 0.93 7,743
2020-11-01 $325,000 (1.9%) $456,924 (4.4%) 0.95 7,568
2020-12-01 $323,473 (2.1%) $456,963 (3.4%) 0.96 6,990
2021-01-01 $319,490 (1.6%) $461,338 (3.9%) 0.95 5,934
2021-02-01 $319,000 (-1.9%) $466,059 (2.4%) 0.93 4,914
2021-03-01 $324,263 (0.1%) $477,267 (4.7%) 0.92 4,079
2021-04-01 $327,000 (4.6%) $490,950 (13.4%) 0.89 3,549
2021-05-01 $340,000 (7.9%) $501,833 (15.4%) 0.90 3,446
2021-06-01 $355,950 (11.3%) $522,890 (17.5%) 0.94 3,689
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%) $528,691 (16.6%) 1.01 4,213
2021-10-01 $390,000 (20.0%) $533,489 (17.9%) 1.04 4,109
2021-11-01 $385,445 (18.6%) $535,981 (17.3%) 1.03 3,805
2021-12-01 $389,923 (20.5%) $531,576 (16.3%) 1.06 3,386
2022-01-01 $397,900 (24.5%) $550,664 (19.4%) 1.08 2,819
2022-02-01 $397,500 (24.6%) $568,726 (22.0%) 1.03 2,536
2022-03-01 $412,500 (27.2%) $588,933 (23.4%) 1.03 2,513
2022-04-01 $429,900 (31.5%) $610,105 (24.3%) 1.02 2,765
2022-05-01 $450,000 (32.4%) $626,417 (24.8%) 1.03 3,685
2022-06-01 $465,000 (30.6%) $625,652 (19.7%) 1.04 4,883
2022-07-01 $464,000 (27.2%) $614,328 (17.9%) 1.05 6,806
2022-08-01 $453,084 (20.8%) $597,208 (15.4%) 1.05 7,350
2022-09-01 $449,411 (18.3%) $586,052 (10.9%) 1.05 7,540
2022-10-01 $445,000 (14.1%) $588,117 (10.2%) 1.05 7,391
2022-11-01 $439,700 (14.1%) $581,162 (8.4%) 1.06 7,840
2022-12-01 $430,000 (10.3%) $581,817 (9.5%) 1.06 7,375
2023-01-01 $429,495 (7.9%) $590,887 (7.3%) 1.06 6,845
2023-02-01 $434,995 (9.4%) $601,623 (5.8%) 1.05 6,419
2023-03-01 $440,950 (6.9%) $618,305 (5.0%) 1.04 5,941
2023-04-01 $441,990 (2.8%) $627,225 (2.8%) 1.03 5,793
2023-05-01 $450,000 (0.0%) $642,001 (2.5%) 1.02 5,669
2023-06-01 $459,450 (-1.2%) $642,497 (2.7%) 1.03 5,928
2023-07-01 $459,900 (-0.9%) $643,239 (4.7%) 1.05 6,360
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
Orlando's median listing price for 2023-10-01 was $449,995, a difference of $4,995 (1.1%) versus the prior year and $-5,556 versus the prior month.

Orlando's median listing price comes in at 106% of the national average.

Orlando's average listing price for 2023-10-01 was $609,858, a difference of $21,741 (3.7%) versus the prior year and $-12,606 versus the prior month.

For the 2023-10-01 period, Orlando had 7,832 MLS listings, a difference of 557 listings (8%) versus the prior month and 441 listings (6%) 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 2,112 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 2,173 sqft
2018-07-01 55 days 2,162 sqft
2018-08-01 56 days 2,146 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 2,042 sqft
2019-03-01 57 days 2,064 sqft
2019-04-01 56 days 2,082 sqft
2019-05-01 54 days 2,100 sqft
2019-06-01 56 days 2,106 sqft
2019-07-01 56 days 2,114 sqft
2019-08-01 58 days 2,105 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 1,828 sqft
2021-04-01 40 days 1,805 sqft
2021-05-01 36 days 1,798 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 1,867 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 1,850 sqft
2022-02-01 34 days 1,820 sqft
2022-03-01 30 days 1,826 sqft
2022-04-01 30 days 1,846 sqft
2022-05-01 26 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 1,937 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
Orlando's median listing age (time on market) for 2023-10-01 was 50 days. This is -12% shorter than the same period one year ago.

Orlando's median square footage for active listings during the 2023-10-01 period was 1,902 sqft. One year prior, the average listing was 1,914 sqft.