Port St. Lucie USDA Loan Rates, Closing Costs & Stats

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 6.6% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Port St. Lucie's average USDA mortgage closing costs are $6,237.

The average rate for the prior week (2022-11-25) was 6.44% and one month ago for the week of 2022-10-28, the average rate was 6.81%.

The average rate one year ago was 3.21%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.05%.

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/closing costs 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. Closing Costs
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 .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Port St. Lucie (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 $285,000 (5.2%) $522,503 (9.0%) 1.06 3,473
2018-02-01 $284,950 (4.2%) $516,632 (2.2%) 1.03 3,587
2018-03-01 $284,888 (2.2%) $526,371 (1.6%) 1.00 3,563
2018-04-01 $283,700 (2.1%) $512,454 (1.1%) 0.96 3,512
2018-05-01 $284,350 (1.6%) $507,859 (-2.6%) 0.95 3,307
2018-06-01 $284,900 (0.3%) $501,708 (-3.3%) 0.95 3,209
2018-07-01 $289,894 (1.7%) $509,204 (-3.2%) 0.97 3,148
2018-08-01 $289,900 (1.7%) $515,107 (-2.2%) 0.97 3,176
2018-09-01 $289,000 (1.4%) $510,611 (-1.1%) 0.97 3,257
2018-10-01 $289,200 (1.6%) $511,056 (-1.0%) 0.98 3,386
2018-11-01 $289,450 (0.3%) $520,273 (-3.2%) 0.98 3,617
2018-12-01 $289,000 (3.2%) $531,624 (0.8%) 1.00 3,726
2019-01-01 $287,175 (0.8%) $523,910 (0.3%) 0.99 3,952
2019-02-01 $289,300 (1.5%) $517,076 (0.1%) 0.98 4,138
2019-03-01 $289,279 (1.5%) $517,945 (-1.6%) 0.95 4,099
2019-04-01 $289,279 (2.0%) $521,061 (1.7%) 0.92 3,970
2019-05-01 $289,900 (2.0%) $506,960 (-0.2%) 0.91 3,849
2019-06-01 $294,900 (3.5%) $491,501 (-2.0%) 0.92 3,729
2019-07-01 $293,250 (1.2%) $496,487 (-2.5%) 0.92 3,569
2019-08-01 $289,727 (-0.1%) $506,927 (-1.6%) 0.92 3,483
2019-09-01 $289,318 (0.1%) $510,104 (-0.1%) 0.93 3,389
2019-10-01 $289,045 (-0.1%) $513,484 (0.5%) 0.93 3,353
2019-11-01 $289,894 (0.2%) $531,893 (2.2%) 0.95 3,414
2019-12-01 $289,397 (0.1%) $536,444 (0.9%) 0.97 3,485
2020-01-01 $289,000 (0.6%) $534,532 (2.0%) 0.97 3,584
2020-02-01 $288,150 (-0.4%) $521,753 (0.9%) 0.94 3,673
2020-03-01 $290,000 (0.3%) $512,803 (-1.0%) 0.91 3,662
2020-04-01 $289,900 (0.2%) $503,787 (-3.3%) 0.91 3,609
2020-05-01 $289,900 (0.0%) $515,310 (1.7%) 0.88 3,379
2020-06-01 $299,000 (1.4%) $517,133 (5.2%) 0.88 2,949
2020-07-01 $302,950 (3.3%) $524,119 (5.6%) 0.88 2,575
2020-08-01 $307,983 (6.3%) $536,492 (5.8%) 0.88 2,362
2020-09-01 $307,450 (6.3%) $549,517 (7.7%) 0.88 2,112
2020-10-01 $314,990 (9.0%) $555,760 (8.2%) 0.90 2,030
2020-11-01 $318,450 (9.9%) $573,726 (7.9%) 0.93 2,016
2020-12-01 $321,500 (11.1%) $582,225 (8.5%) 0.96 1,982
2021-01-01 $325,000 (12.5%) $625,326 (17.0%) 0.97 1,782
2021-02-01 $323,995 (12.4%) $643,728 (23.4%) 0.94 1,451
2021-03-01 $322,450 (11.2%) $678,740 (32.4%) 0.91 1,261
2021-04-01 $342,348 (18.1%) $689,005 (36.8%) 0.93 1,135
2021-05-01 $350,000 (20.7%) $712,636 (38.3%) 0.93 1,063
2021-06-01 $379,950 (27.1%) $737,811 (42.7%) 1.00 1,051
2021-07-01 $394,990 (30.4%) $722,572 (37.9%) 1.04 1,090
2021-08-01 $397,450 (29.1%) $705,851 (31.6%) 1.06 1,138
2021-09-01 $399,450 (29.9%) $717,903 (30.6%) 1.07 1,151
2021-10-01 $411,900 (30.8%) $713,840 (28.4%) 1.10 1,118
2021-11-01 $421,100 (32.2%) $685,495 (19.5%) 1.12 1,070
2021-12-01 $425,000 (32.2%) $755,369 (29.7%) 1.15 1,016
2022-01-01 $429,000 (32.0%) $798,541 (27.7%) 1.16 866
2022-02-01 $424,950 (31.2%) $807,511 (25.4%) 1.11 866
2022-03-01 $436,975 (35.5%) $833,401 (22.8%) 1.09 886
2022-04-01 $450,000 (31.5%) $866,041 (25.7%) 1.07 971
2022-05-01 $467,000 (33.4%) $889,872 (24.9%) 1.07 1,206
2022-06-01 $480,000 (26.3%) $894,176 (21.2%) 1.07 1,514
2022-07-01 $470,900 (19.2%) $833,312 (15.3%) 1.07 1,902
2022-08-01 $462,500 (16.4%) $801,992 (13.6%) 1.07 2,178
2022-09-01 $450,000 (12.7%) $794,467 (10.7%) 1.05 2,277
2022-10-01 $449,984 (9.3%) $794,136 (11.3%) 1.06 2,355
2022-11-01 $444,950 (5.7%) $751,068 (9.6%) 1.07 2,532
Port St. Lucie's median listing price for 2022-11-01 was $444,950, a difference of $23,850 (5.7%) versus the prior year and $-5,034 versus the prior month.

Port St. Lucie's median listing price comes in at 107% of the national average.

Port St. Lucie's average listing price for 2022-11-01 was $751,068, a difference of $65,573 (9.6%) versus the prior year and $-43,068 versus the prior month.

For the 2022-11-01 period, Port St. Lucie had 2,532 MLS listings, a difference of 177 listings (8%) versus the prior month and 1,462 listings (137%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Port St. Lucie (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 72 days 1,946 sqft
2018-02-01 70 days 1,935 sqft
2018-03-01 64 days 1,929 sqft
2018-04-01 66 days 1,928 sqft
2018-05-01 68 days 1,917 sqft
2018-06-01 71 days 1,919 sqft
2018-07-01 73 days 1,939 sqft
2018-08-01 71 days 1,944 sqft
2018-09-01 70 days 1,908 sqft
2018-10-01 67 days 1,908 sqft
2018-11-01 65 days 1,921 sqft
2018-12-01 71 days 1,905 sqft
2019-01-01 77 days 1,896 sqft
2019-02-01 74 days 1,904 sqft
2019-03-01 73 days 1,907 sqft
2019-04-01 73 days 1,907 sqft
2019-05-01 74 days 1,903 sqft
2019-06-01 78 days 1,908 sqft
2019-07-01 82 days 1,910 sqft
2019-08-01 82 days 1,900 sqft
2019-09-01 81 days 1,888 sqft
2019-10-01 80 days 1,877 sqft
2019-11-01 72 days 1,874 sqft
2019-12-01 73 days 1,864 sqft
2020-01-01 76 days 1,845 sqft
2020-02-01 72 days 1,832 sqft
2020-03-01 66 days 1,829 sqft
2020-04-01 76 days 1,815 sqft
2020-05-01 88 days 1,800 sqft
2020-06-01 96 days 1,824 sqft
2020-07-01 83 days 1,839 sqft
2020-08-01 73 days 1,832 sqft
2020-09-01 69 days 1,846 sqft
2020-10-01 63 days 1,836 sqft
2020-11-01 61 days 1,842 sqft
2020-12-01 63 days 1,849 sqft
2021-01-01 67 days 1,866 sqft
2021-02-01 62 days 1,881 sqft
2021-03-01 51 days 1,828 sqft
2021-04-01 45 days 1,835 sqft
2021-05-01 41 days 1,866 sqft
2021-06-01 40 days 1,900 sqft
2021-07-01 41 days 1,881 sqft
2021-08-01 42 days 1,880 sqft
2021-09-01 43 days 1,833 sqft
2021-10-01 42 days 1,832 sqft
2021-11-01 44 days 1,862 sqft
2021-12-01 47 days 1,830 sqft
2022-01-01 47 days 1,850 sqft
2022-02-01 31 days 1,758 sqft
2022-03-01 29 days 1,804 sqft
2022-04-01 29 days 1,806 sqft
2022-05-01 29 days 1,818 sqft
2022-06-01 31 days 1,857 sqft
2022-07-01 36 days 1,859 sqft
2022-08-01 43 days 1,838 sqft
2022-09-01 50 days 1,821 sqft
2022-10-01 57 days 1,828 sqft
2022-11-01 60 days 1,828 sqft
Port St. Lucie's median listing age (time on market) for 2022-11-01 was 60 days. This is 38% longer than the same period one year ago.

Port St. Lucie's median square footage for active listings during the 2022-11-01 period was 1,828 sqft. One year prior, the average listing was 1,862 sqft.