Pensacola USDA Loans

PENSACOLA-FERRY PASS-BRENT, 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.

Pensacola's 57 lenders originated 226 USDA loans during 2021. The total origination value was $46,880,000, with an average USDA loan value of $207,434.

Pensacola USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Pensacola averaged 5.17% 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 5.1% and one month ago for the week of 2022-04-08, the average rate was 4.97%.

The average rate one year ago was 3.08%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.85%.

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

Pensacola 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 Pensacola level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
THE MORTGAGE FIRM, INC. 31 3.12% $5,653
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 31 3.23% $6,150
INLANTA MORTGAGE, INC. 15 3.15% $6,011
UNIVERSITY LENDING GROUP, LLC 11 2.98% $5,248
DHI MORTGAGE COMPANY, LTD. 8 2.58% $5,816
AMERICAN MORTGAGE SERVICE COMPANY 8 2.97% $5,939
Synovus Bank 7 2.79% $6,485
UNITED WHOLESALE MORTGAGE, LLC 7 2.92% $6,366
HOMETRUST MORTGAGE COMPANY 6 2.88% $5,748
LOANDEPOT.COM, LLC 6 3.15% $7,313
SOUTHEAST MORTGAGE OF GEORGIA, INC. 6 2.77% $5,988
UNION HOME MORTGAGE CORP. 6 2.46% $4,453
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 2.88% $5,376
HOME POINT FINANCIAL CORPORATION 5 2.63% $6,113
PENNYMAC LOAN SERVICES, LLC 4 2.69% $6,099
FIDELITY BANK 4 2.66% $5,447
CERTAINTY HOME LOANS, LLC 4 3.09% $4,463
Citizens Bank 4 2.69% $4,165
MORTGAGE ONE OF THE SOUTH, INC. 3 2.58% $4,696
EVERETT FINANCIAL, INC. 3 3.38% $4,200
FIRST COMMUNITY MORTGAGE, INC. 3 2.92% $4,995
Bank of England 2 3.13% $6,960
Truist Bank 2 3.06% $5,849
Hometown Lenders, Inc. 2 2.88% $5,823
FBC MORTGAGE, LLC 2 3.13% $4,624
KELLER MORTGAGE, LLC 2 2.94% $4,141
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.38% $6,058
BROKER SOLUTIONS, INC. 2 3.50% $6,115
SIGNATURE MORTGAGE CORPORATION 2 2.81% $6,814
DSLD MORTGAGE, LLC 2 2.56% $5,625
Wells Fargo Bank 1 2.88% $3,359
AMERICAN FINANCIAL NETWORK, INC. 1 3.00% $8,373
Ameris Bank 1 3.13% $4,509
A Mortgage Boutique, LLC 1 3.25% $6,952
Carrington Mortgage Services, LLC 1 2.63% $4,469
Centennial Bank 1 2.75% $2,718
Colten Mortgage, LLC 1 3.25% $5,641
Flagstar Bank, FSB 1 2.50% $5,457
GoPrime Mortgage, Inc. 1 2.75% $4,406
GUARANTEED RATE AFFINITY, LLC 1 2.88% $5,628
GUARANTY HOME MORTGAGE CORPORATION 1 2.75% $3,831
GUILD MORTGAGE COMPANY 1 2.75% $7,005
HAMILTON HOME LOANS, INC. 1 3.25% $6,132
HANCOCK MORTGAGE PARTNERS, LLC 1 3.50% $4,281
HOMESTAR FINANCIAL CORPORATION 1 2.88% $4,333
INTERLINC MORTGAGE SERVICES, LLC 1 2.88% $4,371
LAND HOME FINANCIAL SERVICES, INC. 1 2.75% $5,486
OPEN MORTGAGE, LLC 1 2.75% $5,685
Plains Commerce Bank 1 3.13% $4,179
PLAZA HOME MORTGAGE, INC. 1 3.13% $6,578
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.63% $5,095
Renasant Bank 1 2.75% $3,981
SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.13% $1,977
STOCKTON MORTGAGE CORPORATION 1 2.88% $4,432
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $4,753
SWBC MORTGAGE CORPORATION 1 3.25% $3,283
ACADEMY MORTGAGE CORPORATION 1 3.75% $4,642

The top Pensacola USDA lender as defined by loan originations is THE MORTGAGE FIRM, INC., with 31 USDA loans originated. Their average total fees are $5,653, which is $498 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Pensacola USDA lenders (with over 10 loans originated) are UNIVERSITY LENDING GROUP, LLC ($5,248), THE MORTGAGE FIRM, INC. ($5,653), INLANTA MORTGAGE, INC. ($6,011), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,150) and .

The lowest rate Pensacola USDA lenders (with over 10 loans originated) are UNIVERSITY LENDING GROUP, LLC (2.98%), THE MORTGAGE FIRM, INC. (3.12%), INLANTA MORTGAGE, INC. (3.15%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (3.23%) and .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Pensacola (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 $259,450 (12.8%) $355,173 (11.5%) 0.96 2,690
2018-02-01 $259,900 (11.4%) $354,120 (9.7%) 0.94 2,738
2018-03-01 $265,000 (11.3%) $362,017 (9.0%) 0.92 2,763
2018-04-01 $269,900 (10.8%) $371,142 (8.9%) 0.91 2,778
2018-05-01 $271,250 (8.9%) $370,186 (6.8%) 0.90 2,940
2018-06-01 $269,900 (8.2%) $362,603 (5.8%) 0.90 2,944
2018-07-01 $268,388 (7.4%) $361,398 (7.0%) 0.89 3,069
2018-08-01 $263,509 (5.4%) $354,721 (4.0%) 0.88 3,045
2018-09-01 $264,900 (3.9%) $358,439 (3.1%) 0.89 2,975
2018-10-01 $263,375 (4.5%) $362,013 (4.9%) 0.88 2,916
2018-11-01 $265,000 (6.0%) $361,158 (4.2%) 0.89 2,858
2018-12-01 $261,750 (0.7%) $359,998 (1.3%) 0.90 2,790
2019-01-01 $260,018 (0.2%) $357,140 (0.6%) 0.90 2,622
2019-02-01 $260,000 (0.0%) $361,639 (2.1%) 0.87 2,570
2019-03-01 $273,000 (3.0%) $381,064 (5.3%) 0.89 2,518
2019-04-01 $280,500 (3.9%) $395,788 (6.6%) 0.88 2,624
2019-05-01 $286,158 (5.5%) $399,775 (8.0%) 0.88 2,658
2019-06-01 $289,000 (7.1%) $406,045 (12.0%) 0.89 2,653
2019-07-01 $289,058 (7.7%) $410,677 (13.6%) 0.90 2,643
2019-08-01 $289,514 (9.9%) $410,746 (15.8%) 0.91 2,577
2019-09-01 $287,224 (8.4%) $411,422 (14.8%) 0.91 2,515
2019-10-01 $285,000 (8.2%) $409,629 (13.2%) 0.91 2,557
2019-11-01 $284,900 (7.5%) $410,702 (13.7%) 0.92 2,485
2019-12-01 $279,950 (7.0%) $412,667 (14.6%) 0.93 2,387
2020-01-01 $279,900 (7.7%) $416,571 (16.6%) 0.93 2,298
2020-02-01 $283,234 (8.9%) $411,824 (13.9%) 0.91 2,242
2020-03-01 $292,500 (7.1%) $418,634 (9.9%) 0.91 2,170
2020-04-01 $289,900 (3.4%) $406,273 (2.7%) 0.90 2,241
2020-05-01 $295,000 (3.1%) $418,172 (4.6%) 0.89 2,104
2020-06-01 $301,185 (4.2%) $440,215 (8.4%) 0.88 1,696
2020-07-01 $299,945 (3.8%) $441,955 (7.6%) 0.86 1,598
2020-08-01 $299,000 (3.3%) $462,093 (12.5%) 0.85 1,492
2020-09-01 $299,748 (4.4%) $457,858 (11.3%) 0.86 1,368
2020-10-01 $296,535 (4.1%) $464,198 (13.3%) 0.85 1,261
2020-11-01 $293,450 (3.0%) $470,542 (14.6%) 0.84 1,201
2020-12-01 $298,075 (6.5%) $465,963 (12.9%) 0.87 1,174
2021-01-01 $312,500 (11.7%) $462,123 (10.9%) 0.92 1,068
2021-02-01 $329,575 (16.4%) $503,233 (22.2%) 0.95 825
2021-03-01 $345,450 (18.1%) $523,367 (25.0%) 0.97 756
2021-04-01 $347,192 (19.8%) $533,425 (31.3%) 0.93 793
2021-05-01 $346,900 (17.6%) $532,073 (27.2%) 0.91 860
2021-06-01 $352,500 (17.0%) $529,036 (20.2%) 0.92 969
2021-07-01 $349,950 (16.7%) $526,968 (19.2%) 0.91 1,092
2021-08-01 $359,950 (20.4%) $533,681 (15.5%) 0.95 1,244
2021-09-01 $359,950 (20.1%) $541,598 (18.3%) 0.95 1,306
2021-10-01 $364,000 (22.8%) $546,017 (17.6%) 0.96 1,326
2021-11-01 $369,000 (25.8%) $542,922 (15.4%) 0.97 1,274
2021-12-01 $374,900 (25.8%) $549,975 (18.0%) 1.00 1,189
2022-01-01 $379,990 (21.6%) $539,080 (16.7%) 1.01 979
2022-02-01 $382,500 (16.1%) $581,557 (15.6%) 0.97 808
2022-03-01 $387,597 (12.2%) $577,897 (10.4%) 0.96 775
2022-04-01 $389,900 (12.3%) $584,300 (9.5%) 0.92 847
Pensacola's median listing price for 2022-04-01 was $389,900, a difference of $42,708 (12.3%) versus the prior year and $2,303 versus the prior month.

Pensacola's median listing price comes in at 92% of the national average.

Pensacola's average listing price for 2022-04-01 was $584,300, a difference of $50,875 (9.5%) versus the prior year and $6,403 versus the prior month.

For the 2022-04-01 period, Pensacola had 847 MLS listings, a difference of 72 listings (9%) versus the prior month and 54 listings (7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Pensacola (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 93 days 2,000 sqft
2018-02-01 89 days 1,987 sqft
2018-03-01 72 days 2,004 sqft
2018-04-01 67 days 2,010 sqft
2018-05-01 66 days 2,017 sqft
2018-06-01 66 days 2,000 sqft
2018-07-01 72 days 2,000 sqft
2018-08-01 75 days 1,984 sqft
2018-09-01 82 days 1,986 sqft
2018-10-01 85 days 1,988 sqft
2018-11-01 89 days 2,000 sqft
2018-12-01 94 days 1,996 sqft
2019-01-01 96 days 1,981 sqft
2019-02-01 91 days 1,948 sqft
2019-03-01 78 days 1,978 sqft
2019-04-01 59 days 2,018 sqft
2019-05-01 53 days 2,034 sqft
2019-06-01 61 days 2,034 sqft
2019-07-01 65 days 2,028 sqft
2019-08-01 66 days 2,025 sqft
2019-09-01 64 days 2,026 sqft
2019-10-01 63 days 2,029 sqft
2019-11-01 66 days 2,025 sqft
2019-12-01 77 days 2,003 sqft
2020-01-01 79 days 2,004 sqft
2020-02-01 64 days 2,010 sqft
2020-03-01 58 days 2,039 sqft
2020-04-01 60 days 2,010 sqft
2020-05-01 65 days 2,008 sqft
2020-06-01 59 days 2,017 sqft
2020-07-01 50 days 2,003 sqft
2020-08-01 49 days 1,955 sqft
2020-09-01 49 days 1,956 sqft
2020-10-01 51 days 1,937 sqft
2020-11-01 48 days 1,869 sqft
2020-12-01 45 days 1,879 sqft
2021-01-01 46 days 1,882 sqft
2021-02-01 43 days 1,904 sqft
2021-03-01 24 days 2,004 sqft
2021-04-01 21 days 1,907 sqft
2021-05-01 18 days 1,880 sqft
2021-06-01 21 days 1,871 sqft
2021-07-01 24 days 1,851 sqft
2021-08-01 27 days 1,884 sqft
2021-09-01 30 days 1,882 sqft
2021-10-01 34 days 1,874 sqft
2021-11-01 38 days 1,872 sqft
2021-12-01 46 days 1,917 sqft
2022-01-01 48 days 1,923 sqft
2022-02-01 28 days 1,946 sqft
2022-03-01 24 days 1,928 sqft
2022-04-01 21 days 1,903 sqft
Pensacola's median listing age (time on market) for 2022-04-01 was 21 days. This is 0% longer than the same period one year ago.

Pensacola's median square footage for active listings during the 2022-04-01 period was 1,903 sqft. One year prior, the average listing was 1,907 sqft.