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 10 lenders originated 14 USDA loans during 2024. The total origination value was $2,740,000, with an average USDA loan value of $195,714.

Palatka USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Palatka averaged 0.48% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Palatka's average USDA mortgage closing costs are $5,767.

The average rate for the prior week (2025-06-13) was 6.88% and one month ago for the week of 2025-05-16, the average rate was 6.74%.

The average rate one year ago was 6.97%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.29%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Equity Prime Mortgage LLC 3 5.88% $10,512
INSPIRE HOME LOANS INC. 2 5.56% $6,715
NEWREZ LLC 2 6.19% $8,060
PLAZA HOME MORTGAGE, INC. 1 6.25% $10,476
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $8,484
South State Bank 1 6.25% $6,662
UNION HOME MORTGAGE CORP. 1 6.99% $10,013
UNITED WHOLESALE MORTGAGE, LLC 1 6.25% $11,173
Flagstar Bank, FSB 1 7.00% $4,931
GUILD MORTGAGE COMPANY 1 6.00% $6,967

The top Palatka USDA lender as defined by loan originations is Equity Prime Mortgage LLC, with 3 USDA loans originated. Their average total fees are $10,512, which is $3,797 higher than the next largest lender, INSPIRE HOME LOANS INC..

The lowest fee Palatka USDA lenders (with over 10 loans originated) are .

The lowest rate Palatka USDA lenders (with over 10 loans originated) are .