Punta Gorda USDA Loan Rates, Closing Costs & Stats

PUNTA GORDA, 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.

Punta Gorda's 2 lenders originated 3 USDA loans during 2022. The total origination value was $665,000, with an average USDA loan value of $221,667.

Punta Gorda USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Punta Gorda averaged 6.37% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

Punta Gorda's average USDA mortgage closing costs are $6,328.

The average rate for the prior week (2024-02-09) was 6.21% and one month ago for the week of 2024-01-12, the average rate was 6.03%.

The average rate one year ago was 5.77%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.1%.

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

Punta Gorda 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 Punta Gorda level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
NTFN, INC. 1 5.13% $6,837
UNITED WHOLESALE MORTGAGE, LLC 1 4.38% $8,523

The top Punta Gorda USDA lender as defined by loan originations is NTFN, INC., with 1 USDA loans originated. Their average total fees are $6,837, which is $1,685 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Punta Gorda (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 $274,900 (1.8%) $364,771 (-2.4%) 1.02 2,207
2018-02-01 $274,950 (2.1%) $366,572 (-0.4%) 1.00 2,254
2018-03-01 $275,000 (3.6%) $366,004 (0.2%) 0.96 2,256
2018-04-01 $269,950 (1.5%) $366,584 (0.5%) 0.92 2,186
2018-05-01 $269,950 (2.8%) $365,442 (0.9%) 0.90 2,074
2018-06-01 $274,900 (4.1%) $373,399 (4.4%) 0.92 1,937
2018-07-01 $271,790 (2.6%) $368,957 (3.8%) 0.91 1,859
2018-08-01 $269,949 (1.8%) $361,520 (2.0%) 0.90 1,811
2018-09-01 $269,000 (1.6%) $354,561 (1.0%) 0.90 1,788
2018-10-01 $274,925 (3.0%) $363,862 (4.7%) 0.93 1,880
2018-11-01 $279,250 (2.9%) $367,202 (3.2%) 0.95 2,114
2018-12-01 $279,900 (3.7%) $373,128 (2.6%) 0.97 2,309
2019-01-01 $280,000 (1.9%) $375,992 (3.1%) 0.97 2,441
2019-02-01 $279,950 (1.8%) $374,421 (2.1%) 0.95 2,606
2019-03-01 $277,857 (1.0%) $369,580 (1.0%) 0.91 2,572
2019-04-01 $275,000 (1.9%) $365,321 (-0.3%) 0.87 2,483
2019-05-01 $275,000 (1.9%) $363,976 (-0.4%) 0.86 2,290
2019-06-01 $274,900 (0.0%) $364,221 (-2.5%) 0.86 2,092
2019-07-01 $275,000 (1.2%) $366,634 (-0.6%) 0.86 1,926
2019-08-01 $277,483 (2.8%) $368,239 (1.9%) 0.88 1,891
2019-09-01 $278,336 (3.5%) $369,772 (4.3%) 0.89 1,882
2019-10-01 $279,000 (1.5%) $371,357 (2.1%) 0.90 1,894
2019-11-01 $279,900 (0.2%) $375,497 (2.3%) 0.92 1,990
2019-12-01 $290,000 (3.6%) $389,105 (4.3%) 0.97 2,010
2020-01-01 $290,000 (3.6%) $389,008 (3.5%) 0.97 2,019
2020-02-01 $289,900 (3.6%) $390,180 (4.2%) 0.95 2,016
2020-03-01 $285,875 (2.9%) $388,584 (5.1%) 0.90 2,006
2020-04-01 $282,895 (2.9%) $380,851 (4.3%) 0.89 2,028
2020-05-01 $285,000 (3.6%) $384,848 (5.7%) 0.87 1,932
2020-06-01 $284,500 (3.5%) $391,462 (7.5%) 0.84 1,713
2020-07-01 $281,300 (2.3%) $392,088 (6.9%) 0.82 1,513
2020-08-01 $284,000 (2.4%) $392,083 (6.5%) 0.81 1,409
2020-09-01 $279,475 (0.4%) $395,707 (7.0%) 0.80 1,343
2020-10-01 $276,035 (-1.1%) $401,673 (8.2%) 0.79 1,298
2020-11-01 $278,700 (-0.4%) $412,786 (9.9%) 0.81 1,253
2020-12-01 $289,675 (-0.1%) $422,570 (8.6%) 0.86 1,165
2021-01-01 $294,900 (1.7%) $451,789 (16.1%) 0.88 1,003
2021-02-01 $297,948 (2.8%) $459,840 (17.9%) 0.87 798
2021-03-01 $300,000 (4.9%) $462,255 (19.0%) 0.85 615
2021-04-01 $322,425 (14.0%) $489,867 (28.6%) 0.87 522
2021-05-01 $324,900 (14.0%) $476,577 (23.8%) 0.86 537
2021-06-01 $337,500 (18.6%) $488,708 (24.8%) 0.89 535
2021-07-01 $355,900 (26.5%) $509,041 (29.8%) 0.94 583
2021-08-01 $370,000 (30.3%) $523,803 (33.6%) 0.99 623
2021-09-01 $374,950 (34.2%) $528,588 (33.6%) 1.00 641
2021-10-01 $379,900 (37.6%) $545,744 (35.9%) 1.01 649
2021-11-01 $399,225 (43.3%) $599,207 (45.2%) 1.07 609
2021-12-01 $395,463 (36.5%) $595,410 (40.9%) 1.07 639
2022-01-01 $391,527 (32.8%) $587,603 (30.1%) 1.06 534
2022-02-01 $422,500 (41.8%) $623,182 (35.5%) 1.10 530
2022-03-01 $430,227 (43.4%) $630,148 (36.3%) 1.08 555
2022-04-01 $435,699 (35.1%) $627,310 (28.1%) 1.04 659
2022-05-01 $454,500 (39.9%) $625,924 (31.3%) 1.04 849
2022-06-01 $457,625 (35.6%) $621,058 (27.1%) 1.02 1,019
2022-07-01 $449,900 (26.4%) $603,564 (18.6%) 1.01 1,165
2022-08-01 $448,068 (21.1%) $565,689 (8.0%) 1.04 1,264
2022-09-01 $449,396 (19.9%) $565,559 (7.0%) 1.05 1,291
2022-10-01 $449,900 (18.4%) $571,322 (4.7%) 1.06 1,158
2022-11-01 $441,500 (10.6%) $560,292 (-6.5%) 1.06 1,171
2022-12-01 $426,050 (7.7%) $556,437 (-6.6%) 1.05 1,189
2023-01-01 $429,000 (9.6%) $561,564 (-4.4%) 1.06 1,290
2023-02-01 $437,450 (3.5%) $583,740 (-6.3%) 1.06 1,397
2023-03-01 $438,850 (2.0%) $575,524 (-8.7%) 1.04 1,583
2023-04-01 $430,410 (-1.2%) $569,089 (-9.3%) 1.00 1,767
2023-05-01 $432,475 (-4.9%) $573,269 (-8.4%) 0.98 1,813
2023-06-01 $434,975 (-5.0%) $567,375 (-8.6%) 0.98 1,919
2023-07-01 $429,000 (-4.7%) $554,172 (-8.2%) 0.98 2,004
2023-08-01 $426,523 (-4.8%) $542,444 (-4.1%) 0.98 2,037
2023-09-01 $429,000 (-4.5%) $537,217 (-5.0%) 1.00 2,203
2023-10-01 $431,788 (-4.0%) $546,044 (-4.4%) 1.02 2,419
2023-11-01 $429,900 (-2.6%) $551,449 (-1.6%) 1.02 2,687
2023-12-01 $427,500 (0.3%) $553,021 (-0.6%) 1.04 2,987
Punta Gorda's median listing price for 2023-12-01 was $427,500, a difference of $1,450 (0.3%) versus the prior year and $-2,400 versus the prior month.

Punta Gorda's median listing price comes in at 104% of the national average.

Punta Gorda's average listing price for 2023-12-01 was $553,021, a difference of $-3,416 (-0.6%) versus the prior year and $1,572 versus the prior month.

For the 2023-12-01 period, Punta Gorda had 2,987 MLS listings, a difference of 300 listings (11%) versus the prior month and 1,798 listings (151%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Punta Gorda (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 69 days 1,800 sqft
2018-02-01 68 days 1,790 sqft
2018-03-01 66 days 1,787 sqft
2018-04-01 71 days 1,777 sqft
2018-05-01 74 days 1,759 sqft
2018-06-01 85 days 1,768 sqft
2018-07-01 87 days 1,782 sqft
2018-08-01 86 days 1,758 sqft
2018-09-01 86 days 1,756 sqft
2018-10-01 84 days 1,764 sqft
2018-11-01 65 days 1,760 sqft
2018-12-01 66 days 1,767 sqft
2019-01-01 73 days 1,771 sqft
2019-02-01 72 days 1,756 sqft
2019-03-01 72 days 1,745 sqft
2019-04-01 74 days 1,729 sqft
2019-05-01 81 days 1,723 sqft
2019-06-01 89 days 1,723 sqft
2019-07-01 93 days 1,731 sqft
2019-08-01 92 days 1,754 sqft
2019-09-01 89 days 1,754 sqft
2019-10-01 86 days 1,754 sqft
2019-11-01 71 days 1,766 sqft
2019-12-01 73 days 1,788 sqft
2020-01-01 78 days 1,779 sqft
2020-02-01 73 days 1,770 sqft
2020-03-01 66 days 1,760 sqft
2020-04-01 70 days 1,742 sqft
2020-05-01 78 days 1,731 sqft
2020-06-01 90 days 1,694 sqft
2020-07-01 89 days 1,698 sqft
2020-08-01 74 days 1,692 sqft
2020-09-01 72 days 1,716 sqft
2020-10-01 61 days 1,685 sqft
2020-11-01 61 days 1,692 sqft
2020-12-01 66 days 1,692 sqft
2021-01-01 70 days 1,693 sqft
2021-02-01 59 days 1,686 sqft
2021-03-01 44 days 1,667 sqft
2021-04-01 43 days 1,678 sqft
2021-05-01 38 days 1,684 sqft
2021-06-01 38 days 1,686 sqft
2021-07-01 37 days 1,685 sqft
2021-08-01 41 days 1,708 sqft
2021-09-01 43 days 1,691 sqft
2021-10-01 46 days 1,710 sqft
2021-11-01 46 days 1,738 sqft
2021-12-01 54 days 1,733 sqft
2022-01-01 49 days 1,715 sqft
2022-02-01 37 days 1,757 sqft
2022-03-01 37 days 1,730 sqft
2022-04-01 34 days 1,697 sqft
2022-05-01 35 days 1,738 sqft
2022-06-01 39 days 1,714 sqft
2022-07-01 43 days 1,729 sqft
2022-08-01 48 days 1,737 sqft
2022-09-01 52 days 1,753 sqft
2022-10-01 73 days 1,776 sqft
2022-11-01 75 days 1,783 sqft
2022-12-01 79 days 1,745 sqft
2023-01-01 68 days 1,737 sqft
2023-02-01 49 days 1,746 sqft
2023-03-01 45 days 1,729 sqft
2023-04-01 47 days 1,726 sqft
2023-05-01 57 days 1,728 sqft
2023-06-01 62 days 1,714 sqft
2023-07-01 66 days 1,704 sqft
2023-08-01 66 days 1,713 sqft
2023-09-01 71 days 1,720 sqft
2023-10-01 71 days 1,717 sqft
2023-11-01 64 days 1,720 sqft
2023-12-01 67 days 1,713 sqft
Punta Gorda's median listing age (time on market) for 2023-12-01 was 67 days. This is -15% shorter than the same period one year ago.

Punta Gorda's median square footage for active listings during the 2023-12-01 period was 1,713 sqft. One year prior, the average listing was 1,745 sqft.