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 18 lenders originated 25 USDA loans during 2021. The total origination value was $6,065,000, with an average USDA loan value of $242,600.

Punta Gorda USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Punta Gorda averaged 6.72% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Punta Gorda's average USDA mortgage closing costs are $6,295.

The average rate for the prior week (2022-11-25) was 6.56% and one month ago for the week of 2022-10-28, the average rate was 6.93%.

The average rate one year ago was 3.33%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.21%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
NTFN, INC. 4 2.75% $5,898
Paramount Residential Mortgage Group, Inc. 2 3.19% $7,437
PENNYMAC LOAN SERVICES, LLC 2 2.75% $5,110
INLANTA MORTGAGE, INC. 2 3.00% $4,662
FAIRWAY FUNDING GROUP, INC. 1 3.25% $6,555
FBC MORTGAGE, LLC 1 2.75% $5,801
FINANCE OF AMERICA MORTGAGE LLC 1 3.75% $6,855
Flagstar Bank, FSB 1 3.25% $7,914
GSF Mortgage Corporation 1 2.75% $12,478
GUARANTEED RATE, INC. 1 2.88% $7,727
LAKE MICHIGAN CREDIT UNION 1 2.25% $9,385
LOANDEPOT.COM, LLC 1 2.25% $7,470
NFM, INC. 1 3.13% $7,202
AMERICAN FINANCIAL NETWORK, INC. 1 2.50% $9,086
THE MORTGAGE FIRM, INC. 1 3.63% $7,783
CALIBER HOME LOANS, INC. 1 2.99% $6,890
EAGLE HOME MORTGAGE, LLC 1 3.25% $6,467
EVANSVILLE TEACHERS 1 3.75% $7,110

The top Punta Gorda USDA lender as defined by loan originations is NTFN, INC., with 4 USDA loans originated. Their average total fees are $5,898, which is $1,540 lower than the next largest lender, Paramount Residential Mortgage Group, Inc..

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%) $366,548 (-0.4%) 1.00 2,255
2018-03-01 $275,000 (3.6%) $366,046 (0.2%) 0.96 2,256
2018-04-01 $269,950 (1.5%) $366,583 (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%) $374,308 (2.1%) 0.95 2,606
2019-03-01 $277,857 (1.0%) $369,467 (0.9%) 0.91 2,573
2019-04-01 $275,000 (1.9%) $365,206 (-0.4%) 0.87 2,485
2019-05-01 $275,000 (1.9%) $363,768 (-0.5%) 0.86 2,292
2019-06-01 $274,900 (0.0%) $363,978 (-2.5%) 0.86 2,094
2019-07-01 $275,000 (1.2%) $366,425 (-0.7%) 0.86 1,929
2019-08-01 $276,091 (2.3%) $368,011 (1.8%) 0.87 1,893
2019-09-01 $277,727 (3.2%) $369,525 (4.2%) 0.89 1,884
2019-10-01 $279,000 (1.5%) $371,097 (2.0%) 0.90 1,894
2019-11-01 $279,900 (0.2%) $375,204 (2.2%) 0.92 1,991
2019-12-01 $290,000 (3.6%) $388,958 (4.2%) 0.97 2,012
2020-01-01 $289,975 (3.6%) $388,859 (3.4%) 0.97 2,021
2020-02-01 $289,900 (3.6%) $390,025 (4.2%) 0.95 2,018
2020-03-01 $286,000 (2.9%) $388,438 (5.1%) 0.90 2,009
2020-04-01 $282,598 (2.8%) $380,672 (4.2%) 0.88 2,031
2020-05-01 $285,000 (3.6%) $384,698 (5.8%) 0.87 1,935
2020-06-01 $283,923 (3.3%) $391,188 (7.5%) 0.84 1,716
2020-07-01 $280,950 (2.2%) $391,736 (6.9%) 0.81 1,515
2020-08-01 $283,395 (2.7%) $391,712 (6.4%) 0.81 1,411
2020-09-01 $279,250 (0.6%) $395,359 (7.0%) 0.80 1,346
2020-10-01 $275,479 (-1.3%) $401,298 (8.1%) 0.79 1,301
2020-11-01 $278,925 (-0.4%) $412,584 (10.0%) 0.81 1,254
2020-12-01 $289,675 (-0.1%) $422,485 (8.6%) 0.86 1,165
2021-01-01 $294,900 (1.7%) $451,715 (16.2%) 0.88 1,004
2021-02-01 $297,948 (2.8%) $459,757 (17.9%) 0.87 799
2021-03-01 $300,000 (4.9%) $461,969 (18.9%) 0.85 616
2021-04-01 $322,425 (14.1%) $489,550 (28.6%) 0.87 523
2021-05-01 $324,900 (14.0%) $472,945 (22.9%) 0.86 537
2021-06-01 $337,475 (18.9%) $488,079 (24.8%) 0.89 536
2021-07-01 $355,900 (26.7%) $509,169 (30.0%) 0.94 583
2021-08-01 $370,000 (30.6%) $523,667 (33.7%) 0.99 623
2021-09-01 $374,843 (34.2%) $527,457 (33.4%) 1.00 642
2021-10-01 $379,450 (37.7%) $545,175 (35.9%) 1.01 650
2021-11-01 $399,225 (43.1%) $598,886 (45.2%) 1.07 611
2021-12-01 $395,277 (36.5%) $594,999 (40.8%) 1.07 641
2022-01-01 $391,527 (32.8%) $586,953 (29.9%) 1.06 536
2022-02-01 $422,500 (41.8%) $622,578 (35.4%) 1.10 532
2022-03-01 $430,975 (43.7%) $629,048 (36.2%) 1.08 558
2022-04-01 $435,647 (35.1%) $626,382 (28.0%) 1.04 662
2022-05-01 $453,750 (39.7%) $625,817 (32.3%) 1.04 852
2022-06-01 $456,750 (35.3%) $620,506 (27.1%) 1.02 1,022
2022-07-01 $449,990 (26.4%) $603,451 (18.5%) 1.02 1,168
2022-08-01 $448,135 (21.1%) $565,501 (8.0%) 1.04 1,267
2022-09-01 $449,661 (20.0%) $565,824 (7.3%) 1.05 1,293
2022-10-01 $449,900 (18.6%) $571,370 (4.8%) 1.06 1,161
2022-11-01 $441,654 (10.6%) $560,276 (-6.5%) 1.06 1,174
Punta Gorda's median listing price for 2022-11-01 was $441,654, a difference of $42,429 (10.6%) versus the prior year and $-8,246 versus the prior month.

Punta Gorda's median listing price comes in at 106% of the national average.

Punta Gorda's average listing price for 2022-11-01 was $560,276, a difference of $-38,610 (-6.5%) versus the prior year and $-11,094 versus the prior month.

For the 2022-11-01 period, Punta Gorda had 1,174 MLS listings, a difference of 13 listings (1%) versus the prior month and 563 listings (92%) 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 75 days 1,800 sqft
2018-02-01 74 days 1,790 sqft
2018-03-01 72 days 1,786 sqft
2018-04-01 76 days 1,777 sqft
2018-05-01 81 days 1,758 sqft
2018-06-01 93 days 1,768 sqft
2018-07-01 95 days 1,781 sqft
2018-08-01 95 days 1,758 sqft
2018-09-01 95 days 1,756 sqft
2018-10-01 93 days 1,763 sqft
2018-11-01 73 days 1,760 sqft
2018-12-01 73 days 1,767 sqft
2019-01-01 80 days 1,771 sqft
2019-02-01 78 days 1,756 sqft
2019-03-01 78 days 1,745 sqft
2019-04-01 80 days 1,729 sqft
2019-05-01 90 days 1,723 sqft
2019-06-01 97 days 1,723 sqft
2019-07-01 101 days 1,730 sqft
2019-08-01 100 days 1,754 sqft
2019-09-01 97 days 1,753 sqft
2019-10-01 95 days 1,754 sqft
2019-11-01 78 days 1,766 sqft
2019-12-01 79 days 1,788 sqft
2020-01-01 84 days 1,779 sqft
2020-02-01 81 days 1,770 sqft
2020-03-01 75 days 1,760 sqft
2020-04-01 76 days 1,742 sqft
2020-05-01 86 days 1,732 sqft
2020-06-01 96 days 1,695 sqft
2020-07-01 99 days 1,699 sqft
2020-08-01 84 days 1,696 sqft
2020-09-01 80 days 1,716 sqft
2020-10-01 67 days 1,685 sqft
2020-11-01 66 days 1,693 sqft
2020-12-01 71 days 1,693 sqft
2021-01-01 77 days 1,693 sqft
2021-02-01 68 days 1,686 sqft
2021-03-01 50 days 1,669 sqft
2021-04-01 47 days 1,678 sqft
2021-05-01 42 days 1,685 sqft
2021-06-01 43 days 1,686 sqft
2021-07-01 41 days 1,686 sqft
2021-08-01 44 days 1,708 sqft
2021-09-01 45 days 1,692 sqft
2021-10-01 49 days 1,711 sqft
2021-11-01 48 days 1,741 sqft
2021-12-01 58 days 1,735 sqft
2022-01-01 53 days 1,717 sqft
2022-02-01 40 days 1,757 sqft
2022-03-01 38 days 1,733 sqft
2022-04-01 35 days 1,697 sqft
2022-05-01 36 days 1,747 sqft
2022-06-01 40 days 1,717 sqft
2022-07-01 43 days 1,729 sqft
2022-08-01 48 days 1,739 sqft
2022-09-01 54 days 1,752 sqft
2022-10-01 74 days 1,776 sqft
2022-11-01 78 days 1,784 sqft
Punta Gorda's median listing age (time on market) for 2022-11-01 was 78 days. This is 63% longer than the same period one year ago.

Punta Gorda's median square footage for active listings during the 2022-11-01 period was 1,784 sqft. One year prior, the average listing was 1,741 sqft.