Port St. Lucie USDA Loans

PORT ST. LUCIE, 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.

Port St. Lucie's 7 lenders originated 15 USDA loans during 2021. The total origination value was $4,445,000, with an average USDA loan value of $296,333.

Port St. Lucie USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Port St. Lucie averaged 5.58% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.27% and one month ago for the week of 2022-04-15, the average rate was 4.86%.

The average rate one year ago was 3.41%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.23%.

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

Port St. Lucie 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 Port St. Lucie level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
BAY EQUITY LLC 5 3.09% $6,053
FBC MORTGAGE, LLC 4 3.16% $5,049
DHI MORTGAGE COMPANY, LTD. 1 2.50% $5,941
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.00% $3,634
GROUP ONE MORTGAGE, INC. 1 2.25% $7,607
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 2.88% $6,975
RESIDENTIAL HOME FUNDING CORP. 1 2.88% $7,676

The top Port St. Lucie USDA lender as defined by loan originations is BAY EQUITY LLC, with 5 USDA loans originated. Their average total fees are $6,053, which is $1,004 higher than the next largest lender, FBC MORTGAGE, LLC.

The lowest fee Port St. Lucie USDA lenders (with over 10 loans originated) are .

The lowest rate Port St. Lucie USDA lenders (with over 10 loans originated) are .