Punta Gorda USDA Loans

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 5.5% 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 5.29% and one month ago for the week of 2022-04-15, the average rate was 5.28%.

The average rate one year ago was 3.03%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.29%.

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 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. Total Fees
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 $270,000 (0.2%) $342,949 (-0.2%) 0.99 2,269
2018-02-01 $273,700 (2.5%) $340,281 (0.1%) 0.99 2,323
2018-03-01 $272,095 (2.7%) $340,328 (0.5%) 0.94 2,333
2018-04-01 $269,900 (1.9%) $340,738 (0.2%) 0.91 2,248
2018-05-01 $269,950 (3.8%) $344,777 (1.4%) 0.90 2,137
2018-06-01 $274,900 (5.7%) $351,148 (3.7%) 0.92 1,969
2018-07-01 $274,700 (4.1%) $349,578 (3.4%) 0.92 1,922
2018-08-01 $271,000 (3.5%) $346,239 (1.8%) 0.91 1,879
2018-09-01 $269,900 (1.9%) $341,999 (1.3%) 0.90 1,851
2018-10-01 $276,950 (3.9%) $348,263 (3.2%) 0.93 1,973
2018-11-01 $279,500 (3.6%) $349,488 (2.7%) 0.94 2,208
2018-12-01 $279,900 (3.7%) $351,194 (3.3%) 0.96 2,399
2019-01-01 $279,900 (3.7%) $355,169 (3.6%) 0.97 2,508
2019-02-01 $279,900 (2.3%) $359,378 (5.6%) 0.94 2,657
2019-03-01 $277,800 (2.1%) $354,472 (4.2%) 0.91 2,621
2019-04-01 $275,000 (1.9%) $348,734 (2.4%) 0.87 2,527
2019-05-01 $275,000 (1.9%) $348,230 (1.0%) 0.85 2,345
2019-06-01 $274,900 (0.0%) $347,117 (-1.2%) 0.85 2,150
2019-07-01 $274,995 (0.1%) $350,650 (0.3%) 0.85 1,976
2019-08-01 $275,000 (1.5%) $354,059 (2.3%) 0.87 1,887
2019-09-01 $275,000 (1.9%) $354,862 (3.8%) 0.87 1,844
2019-10-01 $279,450 (0.9%) $355,164 (2.0%) 0.89 1,955
2019-11-01 $280,000 (0.2%) $355,701 (1.8%) 0.90 2,047
2019-12-01 $289,700 (3.5%) $362,613 (3.3%) 0.97 2,083
2020-01-01 $289,000 (3.3%) $359,954 (1.4%) 0.96 2,063
2020-02-01 $287,835 (2.8%) $359,551 (0.1%) 0.93 2,042
2020-03-01 $281,250 (1.2%) $355,908 (0.4%) 0.88 2,075
2020-04-01 $278,864 (1.4%) $349,148 (0.1%) 0.87 2,129
2020-05-01 $279,090 (1.5%) $352,969 (1.4%) 0.85 2,020
2020-06-01 $279,700 (1.8%) $359,719 (3.6%) 0.82 1,800
2020-07-01 $279,000 (1.5%) $358,770 (2.3%) 0.80 1,595
2020-08-01 $279,900 (1.8%) $362,644 (2.4%) 0.80 1,502
2020-09-01 $275,240 (0.1%) $363,208 (2.4%) 0.79 1,424
2020-10-01 $275,000 (-1.6%) $365,531 (2.9%) 0.79 1,351
2020-11-01 $274,509 (-2.0%) $373,960 (5.1%) 0.79 1,313
2020-12-01 $287,250 (-0.9%) $384,559 (6.1%) 0.84 1,224
2021-01-01 $289,600 (0.2%) $403,366 (12.1%) 0.85 1,032
2021-02-01 $294,134 (2.2%) $412,606 (14.8%) 0.85 813
2021-03-01 $300,948 (7.0%) $424,604 (19.3%) 0.84 626
2021-04-01 $317,900 (14.0%) $456,821 (30.8%) 0.85 523
2021-05-01 $324,900 (16.4%) $457,995 (29.8%) 0.86 541
2021-06-01 $341,950 (22.3%) $471,129 (31.0%) 0.89 542
2021-07-01 $357,900 (28.3%) $478,337 (33.3%) 0.93 588
2021-08-01 $385,452 (37.7%) $520,617 (43.6%) 1.01 644
2021-09-01 $384,450 (39.7%) $523,693 (44.2%) 1.01 672
2021-10-01 $386,703 (40.6%) $529,949 (45.0%) 1.02 665
2021-11-01 $399,999 (45.7%) $568,939 (52.1%) 1.05 640
2021-12-01 $399,498 (39.1%) $576,704 (50.0%) 1.07 655
2022-01-01 $399,500 (38.0%) $556,237 (37.9%) 1.07 546
2022-02-01 $422,498 (43.6%) $564,259 (36.8%) 1.08 521
2022-03-01 $430,000 (42.9%) $573,831 (35.1%) 1.06 551
2022-04-01 $439,900 (38.4%) $574,449 (25.8%) 1.04 674
Punta Gorda's median listing price for 2022-04-01 was $439,900, a difference of $122,000 (38.4%) versus the prior year and $9,900 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 2022-04-01 was $574,449, a difference of $117,628 (25.8%) versus the prior year and $618 versus the prior month.

For the 2022-04-01 period, Punta Gorda had 674 MLS listings, a difference of 123 listings (22%) versus the prior month and 151 listings (29%) 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 1,818 sqft
2018-02-01 74 days 1,809 sqft
2018-03-01 71 days 1,804 sqft
2018-04-01 75 days 1,798 sqft
2018-05-01 79 days 1,778 sqft
2018-06-01 93 days 1,788 sqft
2018-07-01 96 days 1,800 sqft
2018-08-01 95 days 1,777 sqft
2018-09-01 93 days 1,776 sqft
2018-10-01 91 days 1,792 sqft
2018-11-01 73 days 1,797 sqft
2018-12-01 74 days 1,795 sqft
2019-01-01 80 days 1,800 sqft
2019-02-01 78 days 1,792 sqft
2019-03-01 74 days 1,775 sqft
2019-04-01 78 days 1,761 sqft
2019-05-01 84 days 1,757 sqft
2019-06-01 91 days 1,759 sqft
2019-07-01 98 days 1,763 sqft
2019-08-01 103 days 1,767 sqft
2019-09-01 97 days 1,764 sqft
2019-10-01 87 days 1,770 sqft
2019-11-01 75 days 1,791 sqft
2019-12-01 78 days 1,805 sqft
2020-01-01 83 days 1,804 sqft
2020-02-01 80 days 1,800 sqft
2020-03-01 71 days 1,783 sqft
2020-04-01 72 days 1,754 sqft
2020-05-01 83 days 1,744 sqft
2020-06-01 94 days 1,714 sqft
2020-07-01 96 days 1,705 sqft
2020-08-01 81 days 1,714 sqft
2020-09-01 78 days 1,732 sqft
2020-10-01 67 days 1,698 sqft
2020-11-01 68 days 1,708 sqft
2020-12-01 72 days 1,712 sqft
2021-01-01 76 days 1,705 sqft
2021-02-01 69 days 1,686 sqft
2021-03-01 51 days 1,667 sqft
2021-04-01 48 days 1,677 sqft
2021-05-01 44 days 1,686 sqft
2021-06-01 44 days 1,694 sqft
2021-07-01 42 days 1,698 sqft
2021-08-01 43 days 1,733 sqft
2021-09-01 46 days 1,718 sqft
2021-10-01 50 days 1,736 sqft
2021-11-01 45 days 1,777 sqft
2021-12-01 44 days 1,776 sqft
2022-01-01 52 days 1,737 sqft
2022-02-01 45 days 1,788 sqft
2022-03-01 40 days 1,749 sqft
2022-04-01 34 days 1,725 sqft
Punta Gorda's median listing age (time on market) for 2022-04-01 was 34 days. This is -29% shorter than the same period one year ago.

Punta Gorda's median square footage for active listings during the 2022-04-01 period was 1,725 sqft. One year prior, the average listing was 1,677 sqft.