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
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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.