Palatka USDA Loan Rates, Closing Costs & Stats
Palatka, 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.
Palatka's 11 lenders originated 17 USDA loans during 2023. The total origination value was $3,295,000, with an average USDA loan value of $193,824.
Palatka USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Palatka
averaged
6.51%
for the week of 2024-12-06, compared to the national average (all USDA variants) of
6.328% for the same period.
Palatka's average USDA mortgage closing costs are $5,542.
The average rate for the prior week (2024-11-29) was
6.69% and
one month ago for the week of 2024-11-01, the
average rate was 6.33%.
The average rate one year ago was 6.85%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.13%.
Palatka 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 Palatka level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
UNITED WHOLESALE MORTGAGE, LLC | 4 | 6.24% | $10,007 |
Century Mortgage Company DBA Century Lending Company | 2 | 6.19% | $6,123 |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 2 | 6.06% | $6,863 |
ACADEMY MORTGAGE CORPORATION | 1 | 6.25% | $13,368 |
PLAZA HOME MORTGAGE, INC. | 1 | 6.25% | $7,484 |
Sierra Pacific Mortgage Company, Inc. | 1 | 5.00% | $12,007 |
South State Bank | 1 | 6.38% | $7,129 |
Summit Mortgage Corporation | 1 | 6.00% | $9,593 |
Equity Prime Mortgage LLC | 1 | 7.63% | $5,422 |
AMERICAN BANCSHARES MORTGAGE | 1 | 6.50% | $6,924 |
CALCON MUTUAL MORTGAGE LLC | 1 | 5.88% | $14,211 |
The top Palatka USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
4 USDA loans originated. Their average total fees are
$10,007, which is $3,884
higher than the next largest lender,
Century Mortgage Company DBA Century Lending Company.
The lowest fee Palatka USDA lenders (with over 10 loans originated) are
.
The lowest rate Palatka USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Palatka (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 | $214,725 (44.4%) | $278,684 (35.0%) | 0.00 | 294 |
2018-02-01 | $222,400 (51.5%) | $278,754 (31.9%) | 0.00 | 288 |
2018-03-01 | $219,950 (44.5%) | $268,821 (24.2%) | 0.00 | 304 |
2018-04-01 | $219,900 (38.3%) | $275,393 (25.7%) | 0.00 | 307 |
2018-05-01 | $227,850 (35.2%) | $281,719 (24.5%) | 0.00 | 287 |
2018-06-01 | $225,000 (31.7%) | $280,382 (21.7%) | 0.00 | 280 |
2018-07-01 | $225,975 (25.7%) | $277,224 (14.0%) | 0.00 | 269 |
2018-08-01 | $224,975 (20.0%) | $272,648 (10.1%) | 0.00 | 259 |
2018-09-01 | $209,950 (5.2%) | $260,927 (3.5%) | 0.00 | 270 |
2018-10-01 | $201,188 (1.1%) | $253,804 (1.2%) | 0.00 | 280 |
2018-11-01 | $199,448 (-0.9%) | $246,883 (-4.6%) | 0.00 | 287 |
2018-12-01 | $199,000 (-0.5%) | $248,231 (-4.5%) | 0.00 | 280 |
2019-01-01 | $197,975 (-7.8%) | $267,397 (-4.1%) | 0.00 | 270 |
2019-02-01 | $212,400 (-4.5%) | $272,861 (-2.1%) | 0.00 | 272 |
2019-03-01 | $219,786 (-0.1%) | $279,791 (4.1%) | 0.00 | 272 |
2019-04-01 | $224,261 (2.0%) | $287,918 (4.6%) | 0.00 | 272 |
2019-05-01 | $228,225 (0.2%) | $298,528 (6.0%) | 0.00 | 262 |
2019-06-01 | $224,900 (0.0%) | $269,482 (-3.9%) | 0.00 | 257 |
2019-07-01 | $221,950 (-1.8%) | $266,770 (-3.8%) | 0.00 | 279 |
2019-08-01 | $217,000 (-3.5%) | $263,578 (-3.3%) | 0.00 | 286 |
2019-09-01 | $212,500 (1.2%) | $258,599 (-0.9%) | 0.00 | 290 |
2019-10-01 | $204,500 (1.7%) | $255,572 (0.7%) | 0.00 | 290 |
2019-11-01 | $206,999 (3.8%) | $257,707 (4.4%) | 0.00 | 266 |
2019-12-01 | $222,425 (11.8%) | $260,896 (5.1%) | 0.00 | 272 |
2020-01-01 | $221,850 (12.1%) | $290,608 (8.7%) | 0.00 | 277 |
2020-02-01 | $215,000 (1.2%) | $299,446 (9.7%) | 0.00 | 285 |
2020-03-01 | $214,450 (-2.4%) | $305,001 (9.0%) | 0.00 | 253 |
2020-04-01 | $223,850 (-0.2%) | $312,944 (8.7%) | 0.00 | 232 |
2020-05-01 | $224,900 (-1.5%) | $334,932 (12.2%) | 0.00 | 201 |
2020-06-01 | $222,950 (-0.9%) | $346,661 (28.6%) | 0.00 | 180 |
2020-07-01 | $229,000 (3.2%) | $328,067 (23.0%) | 0.00 | 193 |
2020-08-01 | $229,000 (5.5%) | $311,593 (18.2%) | 0.00 | 186 |
2020-09-01 | $229,000 (7.8%) | $297,285 (15.0%) | 0.00 | 169 |
2020-10-01 | $219,000 (7.1%) | $268,006 (4.9%) | 0.00 | 176 |
2020-11-01 | $229,000 (10.6%) | $305,142 (18.4%) | 0.00 | 154 |
2020-12-01 | $229,000 (3.0%) | $306,434 (17.5%) | 0.00 | 155 |
2021-01-01 | $219,900 (-0.9%) | $300,733 (3.5%) | 0.00 | 141 |
2021-02-01 | $228,000 (6.1%) | $303,054 (1.2%) | 0.00 | 141 |
2021-03-01 | $229,000 (6.8%) | $320,336 (5.0%) | 0.00 | 138 |
2021-04-01 | $225,750 (0.9%) | $347,575 (11.1%) | 0.00 | 106 |
2021-05-01 | $236,998 (5.4%) | $333,087 (-0.6%) | 0.00 | 107 |
2021-06-01 | $216,248 (-3.0%) | $328,552 (-5.2%) | 0.00 | 130 |
2021-07-01 | $215,995 (-5.7%) | $322,850 (-1.6%) | 0.00 | 147 |
2021-08-01 | $217,673 (-5.0%) | $323,951 (4.0%) | 0.00 | 151 |
2021-09-01 | $226,218 (-1.2%) | $313,230 (5.4%) | 0.00 | 149 |
2021-10-01 | $245,000 (11.9%) | $381,067 (42.2%) | 0.00 | 153 |
2021-11-01 | $265,000 (15.7%) | $407,070 (33.4%) | 0.00 | 161 |
2021-12-01 | $274,500 (19.9%) | $410,352 (33.9%) | 0.00 | 156 |
2022-01-01 | $265,000 (20.5%) | $423,101 (40.7%) | 0.00 | 136 |
2022-02-01 | $282,400 (23.9%) | $503,126 (66.0%) | 0.00 | 114 |
2022-03-01 | $285,925 (24.9%) | $517,720 (61.6%) | 0.00 | 109 |
2022-04-01 | $275,000 (21.8%) | $512,636 (47.5%) | 0.00 | 124 |
2022-05-01 | $271,200 (14.4%) | $485,898 (45.9%) | 0.00 | 141 |
2022-06-01 | $319,900 (47.9%) | $560,823 (70.7%) | 0.00 | 156 |
2022-07-01 | $299,700 (38.8%) | $454,466 (40.8%) | 0.00 | 181 |
2022-08-01 | $300,975 (38.3%) | $442,804 (36.7%) | 0.00 | 195 |
2022-09-01 | $299,500 (32.4%) | $452,546 (44.5%) | 0.00 | 206 |
2022-10-01 | $300,990 (22.9%) | $483,630 (26.9%) | 0.00 | 211 |
2022-11-01 | $317,500 (19.8%) | $501,669 (23.2%) | 0.00 | 214 |
2022-12-01 | $294,900 (7.4%) | $428,442 (4.4%) | 0.00 | 228 |
2023-01-01 | $294,900 (11.3%) | $423,424 (0.1%) | 0.00 | 221 |
2023-02-01 | $294,900 (4.4%) | $420,455 (-16.4%) | 0.00 | 205 |
2023-03-01 | $294,900 (3.1%) | $413,827 (-20.1%) | 0.00 | 192 |
2023-04-01 | $298,500 (8.6%) | $416,355 (-18.8%) | 0.00 | 213 |
2023-05-01 | $310,775 (14.6%) | $417,306 (-14.1%) | 0.00 | 174 |
2023-06-01 | $303,750 (-5.1%) | $412,255 (-26.5%) | 0.00 | 179 |
2023-07-01 | $299,900 (0.1%) | $453,229 (-0.3%) | 0.00 | 192 |
2023-08-01 | $298,050 (-1.0%) | $426,981 (-3.6%) | 0.00 | 205 |
2023-09-01 | $299,900 (0.1%) | $443,858 (-1.9%) | 0.00 | 209 |
2023-10-01 | $309,900 (3.0%) | $452,080 (-6.5%) | 0.00 | 204 |
2023-11-01 | $299,975 (-5.5%) | $446,654 (-11.0%) | 0.00 | 213 |
2023-12-01 | $299,950 (1.7%) | $411,176 (-4.0%) | 0.00 | 230 |
2024-01-01 | $316,700 (7.4%) | $430,026 (1.6%) | 0.00 | 229 |
2024-02-01 | $317,475 (7.7%) | $441,189 (4.9%) | 0.00 | 222 |
2024-03-01 | $309,950 (5.1%) | $445,585 (7.7%) | 0.00 | 229 |
2024-04-01 | $299,950 (0.5%) | $441,201 (6.0%) | 0.00 | 251 |
2024-05-01 | $299,950 (-3.5%) | $429,784 (3.0%) | 0.00 | 252 |
2024-06-01 | $299,900 (-1.3%) | $420,069 (1.9%) | 0.00 | 272 |
2024-07-01 | $300,000 (0.0%) | $427,904 (-5.6%) | 0.00 | 278 |
2024-08-01 | $320,000 (7.4%) | $422,666 (-1.0%) | 0.00 | 297 |
2024-09-01 | $324,500 (8.2%) | $428,853 (-3.4%) | 0.00 | 311 |
2024-10-01 | $325,000 (4.9%) | $426,329 (-5.7%) | 0.00 | 316 |
2024-11-01 | $319,250 (6.4%) | $421,221 (-5.7%) | 0.00 | 334 |
Palatka's median listing price comes in at 0% of the national average.
Palatka's average listing price for 2024-11-01 was $421,221, a difference of $-25,433 (-5.7%) versus the prior year and $-5,108 versus the prior month.
For the 2024-11-01 period, Palatka had 334 MLS listings, a difference of 18 listings (6%) versus the prior month and 121 listings (57%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Palatka (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,621 sqft |
2018-02-01 | 0 days | 1,673 sqft |
2018-03-01 | 0 days | 1,751 sqft |
2018-04-01 | 0 days | 1,750 sqft |
2018-05-01 | 0 days | 1,801 sqft |
2018-06-01 | 0 days | 1,801 sqft |
2018-07-01 | 0 days | 1,800 sqft |
2018-08-01 | 0 days | 1,801 sqft |
2018-09-01 | 0 days | 1,792 sqft |
2018-10-01 | 0 days | 1,768 sqft |
2018-11-01 | 0 days | 1,723 sqft |
2018-12-01 | 0 days | 1,699 sqft |
2019-01-01 | 0 days | 1,686 sqft |
2019-02-01 | 0 days | 1,720 sqft |
2019-03-01 | 0 days | 1,768 sqft |
2019-04-01 | 0 days | 1,800 sqft |
2019-05-01 | 0 days | 1,802 sqft |
2019-06-01 | 0 days | 1,748 sqft |
2019-07-01 | 0 days | 1,745 sqft |
2019-08-01 | 0 days | 1,725 sqft |
2019-09-01 | 0 days | 1,705 sqft |
2019-10-01 | 0 days | 1,682 sqft |
2019-11-01 | 0 days | 1,686 sqft |
2019-12-01 | 0 days | 1,709 sqft |
2020-01-01 | 0 days | 1,725 sqft |
2020-02-01 | 0 days | 1,733 sqft |
2020-03-01 | 0 days | 1,701 sqft |
2020-04-01 | 0 days | 1,731 sqft |
2020-05-01 | 0 days | 1,682 sqft |
2020-06-01 | 0 days | 1,671 sqft |
2020-07-01 | 0 days | 1,886 sqft |
2020-08-01 | 0 days | 1,774 sqft |
2020-09-01 | 0 days | 1,800 sqft |
2020-10-01 | 0 days | 1,721 sqft |
2020-11-01 | 0 days | 1,679 sqft |
2020-12-01 | 0 days | 1,789 sqft |
2021-01-01 | 0 days | 1,721 sqft |
2021-02-01 | 0 days | 1,794 sqft |
2021-03-01 | 0 days | 1,759 sqft |
2021-04-01 | 0 days | 1,648 sqft |
2021-05-01 | 0 days | 1,600 sqft |
2021-06-01 | 0 days | 1,470 sqft |
2021-07-01 | 0 days | 1,434 sqft |
2021-08-01 | 0 days | 1,498 sqft |
2021-09-01 | 0 days | 1,512 sqft |
2021-10-01 | 0 days | 1,568 sqft |
2021-11-01 | 0 days | 1,576 sqft |
2021-12-01 | 0 days | 1,625 sqft |
2022-01-01 | 0 days | 1,722 sqft |
2022-02-01 | 0 days | 1,701 sqft |
2022-03-01 | 0 days | 1,731 sqft |
2022-04-01 | 0 days | 1,547 sqft |
2022-05-01 | 0 days | 1,531 sqft |
2022-06-01 | 0 days | 1,688 sqft |
2022-07-01 | 0 days | 1,650 sqft |
2022-08-01 | 0 days | 1,662 sqft |
2022-09-01 | 0 days | 1,619 sqft |
2022-10-01 | 0 days | 1,650 sqft |
2022-11-01 | 0 days | 1,621 sqft |
2022-12-01 | 0 days | 1,545 sqft |
2023-01-01 | 0 days | 1,545 sqft |
2023-02-01 | 0 days | 1,545 sqft |
2023-03-01 | 0 days | 1,545 sqft |
2023-04-01 | 0 days | 1,545 sqft |
2023-05-01 | 0 days | 1,543 sqft |
2023-06-01 | 0 days | 1,515 sqft |
2023-07-01 | 0 days | 1,539 sqft |
2023-08-01 | 0 days | 1,500 sqft |
2023-09-01 | 0 days | 1,516 sqft |
2023-10-01 | 0 days | 1,496 sqft |
2023-11-01 | 0 days | 1,529 sqft |
2023-12-01 | 0 days | 1,537 sqft |
2024-01-01 | 0 days | 1,607 sqft |
2024-02-01 | 0 days | 1,563 sqft |
2024-03-01 | 0 days | 1,587 sqft |
2024-04-01 | 0 days | 1,551 sqft |
2024-05-01 | 0 days | 1,527 sqft |
2024-06-01 | 0 days | 1,527 sqft |
2024-07-01 | 0 days | 1,600 sqft |
2024-08-01 | 0 days | 1,568 sqft |
2024-09-01 | 0 days | 1,606 sqft |
2024-10-01 | 0 days | 1,631 sqft |
2024-11-01 | 0 days | 1,612 sqft |
Palatka's median square footage for active listings during the 2024-11-01 period was 1,612 sqft. One year prior, the average listing was 1,529 sqft.