Orlando USDA Loans

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 76 lenders originated 300 USDA loans during 2021. The total origination value was $75,370,000, with an average USDA loan value of $251,233.

Orlando USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Orlando averaged 6.08% for the week of 2022-09-23, compared to the national average (all USDA variants) of 6.08% for the same period.

The average rate for the prior week (2022-09-16) was 5.91% and one month ago for the week of 2022-08-19, the average rate was 5.5%.

The average rate one year ago was 3.13%.

For refis of the same type during the week of 2022-09-23, the average rate was 6%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Orlando level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
DHI MORTGAGE COMPANY, LTD. 26 2.61% $6,128
FBC MORTGAGE, LLC 20 2.93% $6,821
SUCCESS MORTGAGE PARTNERS, INC. 15 2.89% $7,548
MORTGAGE FINANCIAL GROUP, INC. 14 2.85% $9,154
FIDELITY FUNDING MORTGAGE CORP. 13 2.78% $5,998
KBHS HOME LOANS, LLC 12 2.95% $9,589
NVR Mortgage Finance, Inc. 11 2.92% $9,460
CROSSCOUNTRY MORTGAGE, LLC 10 3.14% $7,327
LOANDEPOT.COM, LLC 9 3.33% $7,256
CALIBER HOME LOANS, INC. 9 2.78% $8,985
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 3.27% $5,976
MOVEMENT MORTGAGE, LLC 6 2.92% $7,796
Plains Commerce Bank 6 2.71% $7,274
THE MORTGAGE FIRM, INC. 5 2.98% $6,976
Christensen Financial, Inc. 5 2.85% $7,595
HOMEAMERICAN MORTGAGE CORPORATION 5 2.53% $3,204
METROPLEX MORTGAGE SERVICES, INC. 4 2.69% $7,097
AMERIFIRST FINANCIAL CORPORATION 4 3.16% $8,238
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 2.72% $6,964
Paramount Residential Mortgage Group, Inc. 4 2.81% $7,793
Colten Mortgage, LLC 3 2.79% $5,941
Carrington Mortgage Services, LLC 3 2.63% $4,608
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.83% $5,845
AMERICAN FINANCIAL NETWORK, INC. 3 3.50% $10,152
PENNYMAC LOAN SERVICES, LLC 3 3.08% $7,876
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 2.96% $9,203
HOME POINT FINANCIAL CORPORATION 3 3.04% $5,422
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.88% $7,367
WATSON MORTGAGE CORP. 3 2.58% $6,319
Mortgage Lenders Investment Trading Corporation 3 3.58% $7,973
Waterstone Mortgage Corporation 3 2.96% $6,189
ACADEMY MORTGAGE CORPORATION 2 2.75% $6,437
ACOPIA, LLC 2 3.50% $5,064
Ameris Bank 2 2.63% $4,907
BROKER SOLUTIONS, INC. 2 2.75% $6,553
CORNERSTONE HOME LENDING, INC. 2 3.25% $11,376
Equity Prime Mortgage LLC 2 3.25% $7,002
First Guaranty Mortgage Corporation 2 3.00% $7,540
GUARANTEED RATE AFFINITY, LLC 2 3.19% $7,038
GUARANTEED RATE, INC. 2 2.69% $6,774
Hometown Lenders, Inc. 2 3.00% $6,742
LENDUS, LLC 2 3.31% $7,309
Nations Lending Corporation 2 2.81% $6,497
PARK SQUARE HOME MORTGAGE, LLC 2 2.99% $7,492
PLANET HOME LENDING, LLC 2 2.75% $4,931
PLAZA HOME MORTGAGE, INC. 2 3.75% $7,660
Prosperity Home Mortgage, LLC 2 3.38% $5,961
SUN WEST MORTGAGE COMPANY, INC. 2 2.44% $3,718
UNITED WHOLESALE MORTGAGE, LLC 2 3.00% $6,162
Flagstar Bank, FSB 1 2.36% $12,788
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.63% $9,326
NEWREZ LLC 1 3.50% $6,629
NORTHPOINT MORTGAGE, INC. 1 3.00% $6,530
NP, Inc. 1 3.25% $5,164
First Horizon Bank 1 2.75% $5,618
OPEN MORTGAGE, LLC 1 2.63% $12,881
First Bank 1 2.75% $5,737
Town Square Mortgage & Investments, Inc. 1 2.75% $8,265
FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $8,413
FAMILY FIRST FUNDING LLC 1 2.88% $5,902
UNION HOME MORTGAGE CORP. 1 2.75% $5,940
Wyndham Capital Mortgage, Inc. 1 2.88% $5,991
EMBRACE HOME LOANS, INC. 1 3.25% $5,755
AMERICAN FINANCIAL RESOURCES, INC. 1 3.13% $7,316
South Pacific Financial Corporation 1 2.63% $8,254
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.13% $4,553
Summit Mortgage Corporation 1 2.75% $7,636
Alcova Mortgage LLC 1 2.63% $5,773
Ixonia Bank 1 2.75% $5,636
HOMESPIRE MORTGAGE CORPORATION 1 2.75% $5,080
THE MONEY HOUSE INC. 1 3.13% $7,065
GUARANTY HOME MORTGAGE CORPORATION 1 2.88% $4,417
GENEVA FINANCIAL, LLC 1 2.75% $6,365
MORTGAGE EQUITY PARTNERS LLC 1 2.75% $7,251
Gateway First Bank 1 2.75% $6,600
Florida Capital Bank 1 2.63% $7,581

The top Orlando USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 26 USDA loans originated. Their average total fees are $6,128, which is $693 lower than the next largest lender, FBC MORTGAGE, LLC.

The lowest fee Orlando USDA lenders (with over 10 loans originated) are FIDELITY FUNDING MORTGAGE CORP. ($5,998), DHI MORTGAGE COMPANY, LTD. ($6,128), FBC MORTGAGE, LLC ($6,821), CROSSCOUNTRY MORTGAGE, LLC ($7,327) and SUCCESS MORTGAGE PARTNERS, INC. ($7,548).

The lowest rate Orlando USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (2.61%), FIDELITY FUNDING MORTGAGE CORP. (2.78%), MORTGAGE FINANCIAL GROUP, INC. (2.85%), SUCCESS MORTGAGE PARTNERS, INC. (2.89%) and NVR Mortgage Finance, Inc. (2.92%).


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%) $442,410 (7.7%) 1.10 8,833
2018-02-01 $299,995 (7.2%) $448,309 (7.9%) 1.08 8,883
2018-03-01 $309,900 (8.7%) $448,400 (6.0%) 1.07 8,869
2018-04-01 $318,674 (9.1%) $462,203 (6.5%) 1.07 8,827
2018-05-01 $318,250 (6.5%) $463,248 (6.4%) 1.06 9,017
2018-06-01 $319,000 (6.7%) $466,421 (8.1%) 1.06 9,283
2018-07-01 $317,466 (6.2%) $463,196 (8.8%) 1.06 9,705
2018-08-01 $317,745 (6.9%) $460,609 (9.8%) 1.06 9,798
2018-09-01 $310,000 (3.7%) $450,630 (6.2%) 1.04 10,076
2018-10-01 $308,493 (3.4%) $446,209 (5.2%) 1.03 10,517
2018-11-01 $303,450 (1.8%) $436,237 (1.5%) 1.02 10,651
2018-12-01 $300,000 (0.7%) $438,270 (1.2%) 1.03 10,415
2019-01-01 $299,910 (0.3%) $439,363 (-0.7%) 1.03 10,139
2019-02-01 $299,950 (0.0%) $443,758 (-1.0%) 1.00 10,232
2019-03-01 $306,571 (-1.1%) $450,198 (0.4%) 1.00 10,079
2019-04-01 $312,450 (-2.0%) $453,946 (-1.8%) 0.98 9,815
2019-05-01 $315,000 (-1.0%) $456,706 (-1.4%) 0.97 9,830
2019-06-01 $319,900 (0.3%) $455,336 (-2.4%) 0.98 9,881
2019-07-01 $322,495 (1.6%) $452,135 (-2.4%) 1.00 9,824
2019-08-01 $322,000 (1.3%) $449,199 (-2.5%) 1.01 9,488
2019-09-01 $319,975 (3.2%) $445,661 (-1.1%) 1.02 9,227
2019-10-01 $322,250 (4.5%) $447,366 (0.3%) 1.03 9,548
2019-11-01 $319,000 (5.1%) $440,382 (1.0%) 1.03 9,426
2019-12-01 $317,000 (5.7%) $444,403 (1.4%) 1.06 8,971
2020-01-01 $314,500 (4.9%) $446,643 (1.7%) 1.05 8,556
2020-02-01 $325,000 (8.4%) $459,801 (3.6%) 1.05 8,207
2020-03-01 $322,995 (5.4%) $459,813 (2.1%) 1.01 8,284
2020-04-01 $312,500 (0.0%) $436,338 (-3.9%) 0.97 9,003
2020-05-01 $315,000 (0.0%) $437,796 (-4.1%) 0.95 8,975
2020-06-01 $319,900 (0.0%) $448,728 (-1.5%) 0.93 8,453
2020-07-01 $320,000 (-0.8%) $453,550 (0.3%) 0.92 8,126
2020-08-01 $324,900 (0.9%) $450,269 (0.2%) 0.93 7,921
2020-09-01 $325,000 (1.6%) $456,899 (2.5%) 0.93 7,688
2020-10-01 $324,900 (0.8%) $457,169 (2.2%) 0.93 7,543
2020-11-01 $324,000 (1.6%) $460,855 (4.7%) 0.93 7,343
2020-12-01 $320,000 (1.0%) $460,419 (3.6%) 0.94 6,800
2021-01-01 $315,990 (0.5%) $465,372 (4.2%) 0.93 5,882
2021-02-01 $315,495 (-2.9%) $470,790 (2.4%) 0.91 4,731
2021-03-01 $322,500 (-0.2%) $482,209 (4.9%) 0.90 3,945
2021-04-01 $327,000 (4.6%) $493,188 (13.0%) 0.88 3,452
2021-05-01 $339,900 (7.9%) $501,720 (14.6%) 0.89 3,346
2021-06-01 $355,500 (11.1%) $523,573 (16.7%) 0.92 3,626
2021-07-01 $361,248 (12.9%) $521,939 (15.1%) 0.94 3,950
2021-08-01 $374,950 (15.4%) $519,282 (15.3%) 0.99 4,142
2021-09-01 $379,950 (16.9%) $530,794 (16.2%) 1.00 4,130
2021-10-01 $389,900 (20.0%) $536,336 (17.3%) 1.03 4,039
2021-11-01 $385,950 (19.1%) $539,732 (17.1%) 1.02 3,732
2021-12-01 $389,450 (21.7%) $534,655 (16.1%) 1.04 3,304
2022-01-01 $395,000 (25.0%) $552,680 (18.8%) 1.05 2,797
2022-02-01 $398,700 (26.4%) $572,489 (21.6%) 1.02 2,467
2022-03-01 $412,500 (27.9%) $591,725 (22.7%) 1.02 2,437
2022-04-01 $429,900 (31.5%) $610,677 (23.8%) 1.01 2,689
2022-05-01 $449,995 (32.4%) $627,743 (25.1%) 1.01 3,566
2022-06-01 $464,262 (30.6%) $627,718 (19.9%) 1.03 4,743
2022-07-01 $464,000 (28.4%) $617,788 (18.4%) 1.03 6,624
2022-08-01 $454,116 (21.1%) $599,931 (15.5%) 1.04 7,206
Orlando's median listing price for 2022-08-01 was $454,116, a difference of $79,166 (21.1%) versus the prior year and $-9,884 versus the prior month.

Orlando's median listing price comes in at 104% of the national average.

Orlando's average listing price for 2022-08-01 was $599,931, a difference of $80,649 (15.5%) versus the prior year and $-17,857 versus the prior month.

For the 2022-08-01 period, Orlando had 7,206 MLS listings, a difference of 582 listings (9%) versus the prior month and 3,064 listings (74%) 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 75 days 2,123 sqft
2018-02-01 67 days 2,137 sqft
2018-03-01 57 days 2,160 sqft
2018-04-01 59 days 2,186 sqft
2018-05-01 59 days 2,166 sqft
2018-06-01 58 days 2,169 sqft
2018-07-01 59 days 2,160 sqft
2018-08-01 60 days 2,140 sqft
2018-09-01 62 days 2,099 sqft
2018-10-01 61 days 2,090 sqft
2018-11-01 62 days 2,054 sqft
2018-12-01 69 days 2,040 sqft
2019-01-01 77 days 2,035 sqft
2019-02-01 69 days 2,039 sqft
2019-03-01 59 days 2,062 sqft
2019-04-01 58 days 2,078 sqft
2019-05-01 57 days 2,093 sqft
2019-06-01 57 days 2,100 sqft
2019-07-01 59 days 2,111 sqft
2019-08-01 62 days 2,099 sqft
2019-09-01 66 days 2,086 sqft
2019-10-01 63 days 2,094 sqft
2019-11-01 63 days 2,072 sqft
2019-12-01 68 days 2,073 sqft
2020-01-01 72 days 2,058 sqft
2020-02-01 68 days 2,067 sqft
2020-03-01 56 days 2,063 sqft
2020-04-01 57 days 2,002 sqft
2020-05-01 67 days 1,985 sqft
2020-06-01 73 days 1,982 sqft
2020-07-01 63 days 1,976 sqft
2020-08-01 58 days 1,968 sqft
2020-09-01 58 days 1,942 sqft
2020-10-01 59 days 1,914 sqft
2020-11-01 61 days 1,905 sqft
2020-12-01 65 days 1,893 sqft
2021-01-01 70 days 1,848 sqft
2021-02-01 65 days 1,813 sqft
2021-03-01 51 days 1,815 sqft
2021-04-01 45 days 1,795 sqft
2021-05-01 38 days 1,787 sqft
2021-06-01 36 days 1,838 sqft
2021-07-01 37 days 1,851 sqft
2021-08-01 37 days 1,856 sqft
2021-09-01 39 days 1,863 sqft
2021-10-01 43 days 1,885 sqft
2021-11-01 43 days 1,849 sqft
2021-12-01 46 days 1,855 sqft
2022-01-01 46 days 1,846 sqft
2022-02-01 36 days 1,817 sqft
2022-03-01 32 days 1,825 sqft
2022-04-01 32 days 1,843 sqft
2022-05-01 29 days 1,905 sqft
2022-06-01 30 days 1,947 sqft
2022-07-01 31 days 1,952 sqft
2022-08-01 40 days 1,936 sqft
Orlando's median listing age (time on market) for 2022-08-01 was 40 days. This is 8% longer than the same period one year ago.

Orlando's median square footage for active listings during the 2022-08-01 period was 1,936 sqft. One year prior, the average listing was 1,856 sqft.