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 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.