Orlando USDA Loans

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 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 5.3% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-05-06) was 5.53% and one month ago for the week of 2022-04-08, the average rate was 4.89%.

    The average rate one year ago was 3.21%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.01%.

    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
    Orlando's median listing price for 2022-04-01 was $429,900, a difference of $102,900 (31.5%) versus the prior year and $17,400 versus the prior month.

    Orlando's median listing price comes in at 101% of the national average.

    Orlando's average listing price for 2022-04-01 was $610,677, a difference of $117,489 (23.8%) versus the prior year and $18,952 versus the prior month.

    For the 2022-04-01 period, Orlando had 2,689 MLS listings, a difference of 252 listings (10%) versus the prior month and -763 listings (-22%) 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
    Orlando's median listing age (time on market) for 2022-04-01 was 32 days. This is -28% shorter than the same period one year ago.

    Orlando's median square footage for active listings during the 2022-04-01 period was 1,843 sqft. One year prior, the average listing was 1,795 sqft.