Sebastian USDA Loans

Sebastian-Vero Beach, 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.

Sebastian's 7 lenders originated 19 USDA loans during 2021. The total origination value was $4,695,000, with an average USDA loan value of $247,105.

Sebastian USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Sebastian averaged 5.43% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.56% and one month ago for the week of 2022-04-08, the average rate was 5.03%.

The average rate one year ago was 3.34%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.89%.

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

Sebastian 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 Sebastian level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FBC MORTGAGE, LLC 9 2.86% $7,189
CALIBER HOME LOANS, INC. 4 2.75% $7,747
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.88% $10,898
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.38% $5,292
Plains Commerce Bank 1 2.75% $5,667
TOTAL MORTGAGE SERVICES, LLC 1 3.00% $5,429
Waterstone Mortgage Corporation 1 2.75% $7,974

The top Sebastian USDA lender as defined by loan originations is FBC MORTGAGE, LLC, with 9 USDA loans originated. Their average total fees are $7,189, which is $558 lower than the next largest lender, CALIBER HOME LOANS, INC..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sebastian (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 $349,995 (0.0%) $697,857 (0.6%) 1.29 1,666
2018-02-01 $346,750 (0.5%) $692,011 (-0.2%) 1.25 1,786
2018-03-01 $349,000 (2.4%) $687,533 (0.3%) 1.21 1,903
2018-04-01 $350,338 (0.1%) $688,548 (-0.5%) 1.18 1,940
2018-05-01 $335,500 (-3.9%) $672,215 (-0.6%) 1.12 1,855
2018-06-01 $329,000 (-6.0%) $653,512 (-7.9%) 1.10 1,818
2018-07-01 $327,500 (-4.4%) $669,061 (-2.8%) 1.09 1,720
2018-08-01 $332,000 (-2.6%) $676,446 (0.5%) 1.11 1,700
2018-09-01 $335,976 (-1.8%) $672,212 (-4.0%) 1.12 1,748
2018-10-01 $338,956 (-0.7%) $663,829 (-6.6%) 1.13 1,884
2018-11-01 $339,000 (-2.1%) $660,106 (-9.9%) 1.14 2,057
2018-12-01 $339,000 (-3.1%) $653,649 (-7.9%) 1.16 2,126
2019-01-01 $346,900 (-0.9%) $655,286 (-6.1%) 1.20 2,155
2019-02-01 $349,900 (0.9%) $647,706 (-6.4%) 1.17 2,298
2019-03-01 $344,800 (-1.2%) $646,226 (-6.0%) 1.12 2,287
2019-04-01 $339,450 (-3.1%) $649,935 (-5.6%) 1.07 2,234
2019-05-01 $332,450 (-0.9%) $652,738 (-2.9%) 1.02 2,155
2019-06-01 $329,371 (0.1%) $659,532 (0.9%) 1.01 1,937
2019-07-01 $335,000 (2.3%) $655,282 (-2.1%) 1.04 1,870
2019-08-01 $336,286 (1.3%) $651,179 (-3.7%) 1.06 1,869
2019-09-01 $336,286 (0.1%) $635,554 (-5.5%) 1.07 1,852
2019-10-01 $349,950 (3.2%) $678,144 (2.2%) 1.12 1,700
2019-11-01 $339,900 (0.3%) $644,324 (-2.4%) 1.10 1,880
2019-12-01 $339,000 (0.0%) $627,515 (-4.0%) 1.13 1,914
2020-01-01 $339,450 (-2.2%) $631,251 (-3.7%) 1.13 1,952
2020-02-01 $339,900 (-2.9%) $636,269 (-1.8%) 1.10 1,976
2020-03-01 $334,499 (-3.0%) $634,457 (-1.8%) 1.05 1,995
2020-04-01 $329,000 (-3.1%) $619,984 (-4.6%) 1.02 2,000
2020-05-01 $325,000 (-2.2%) $626,973 (-4.0%) 0.98 1,927
2020-06-01 $327,000 (-0.7%) $633,166 (-4.0%) 0.95 1,798
2020-07-01 $334,333 (-0.2%) $627,690 (-4.2%) 0.96 1,678
2020-08-01 $349,900 (4.1%) $659,668 (1.3%) 1.00 1,476
2020-09-01 $346,950 (3.2%) $686,056 (8.0%) 0.99 1,282
2020-10-01 $349,900 (0.0%) $684,328 (0.9%) 1.00 1,186
2020-11-01 $339,999 (0.0%) $684,801 (6.3%) 0.97 1,160
2020-12-01 $346,350 (2.2%) $698,256 (11.3%) 1.02 1,085
2021-01-01 $344,700 (1.6%) $685,676 (8.6%) 1.01 968
2021-02-01 $337,495 (-0.7%) $695,109 (9.3%) 0.97 759
2021-03-01 $343,750 (2.8%) $720,561 (13.6%) 0.96 620
2021-04-01 $361,950 (10.0%) $759,987 (22.6%) 0.97 560
2021-05-01 $395,000 (21.5%) $839,926 (34.0%) 1.04 441
2021-06-01 $391,950 (19.9%) $877,584 (38.6%) 1.02 432
2021-07-01 $364,000 (8.9%) $874,893 (39.4%) 0.95 446
2021-08-01 $369,000 (5.5%) $881,158 (33.6%) 0.97 473
2021-09-01 $365,000 (5.2%) $786,919 (14.7%) 0.96 499
2021-10-01 $393,990 (12.6%) $800,809 (17.0%) 1.04 467
2021-11-01 $398,495 (17.2%) $855,704 (25.0%) 1.05 460
2021-12-01 $442,495 (27.8%) $944,920 (35.3%) 1.18 418
2022-01-01 $415,000 (20.4%) $918,401 (33.9%) 1.11 389
2022-02-01 $398,950 (18.2%) $938,326 (35.0%) 1.02 391
2022-03-01 $398,000 (15.8%) $905,983 (25.7%) 0.98 397
2022-04-01 $421,150 (16.4%) $847,428 (11.5%) 0.99 441
Sebastian's median listing price for 2022-04-01 was $421,150, a difference of $59,200 (16.4%) versus the prior year and $23,150 versus the prior month.

Sebastian's median listing price comes in at 99% of the national average.

Sebastian's average listing price for 2022-04-01 was $847,428, a difference of $87,441 (11.5%) versus the prior year and $-58,555 versus the prior month.

For the 2022-04-01 period, Sebastian had 441 MLS listings, a difference of 44 listings (11%) versus the prior month and -119 listings (-21%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sebastian (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 85 days 2,031 sqft
2018-02-01 77 days 2,021 sqft
2018-03-01 67 days 2,018 sqft
2018-04-01 74 days 2,064 sqft
2018-05-01 80 days 2,008 sqft
2018-06-01 86 days 2,016 sqft
2018-07-01 90 days 2,008 sqft
2018-08-01 90 days 1,991 sqft
2018-09-01 84 days 2,003 sqft
2018-10-01 79 days 1,990 sqft
2018-11-01 76 days 1,983 sqft
2018-12-01 80 days 1,969 sqft
2019-01-01 88 days 1,992 sqft
2019-02-01 85 days 2,010 sqft
2019-03-01 73 days 2,009 sqft
2019-04-01 78 days 2,000 sqft
2019-05-01 80 days 1,996 sqft
2019-06-01 87 days 2,000 sqft
2019-07-01 87 days 2,001 sqft
2019-08-01 92 days 1,993 sqft
2019-09-01 94 days 1,969 sqft
2019-10-01 89 days 1,994 sqft
2019-11-01 79 days 1,926 sqft
2019-12-01 74 days 1,900 sqft
2020-01-01 79 days 1,900 sqft
2020-02-01 81 days 1,908 sqft
2020-03-01 73 days 1,922 sqft
2020-04-01 81 days 1,914 sqft
2020-05-01 93 days 1,900 sqft
2020-06-01 96 days 1,904 sqft
2020-07-01 92 days 1,904 sqft
2020-08-01 81 days 1,913 sqft
2020-09-01 88 days 1,900 sqft
2020-10-01 80 days 1,900 sqft
2020-11-01 67 days 1,900 sqft
2020-12-01 69 days 1,900 sqft
2021-01-01 73 days 1,900 sqft
2021-02-01 59 days 1,836 sqft
2021-03-01 46 days 1,816 sqft
2021-04-01 47 days 1,853 sqft
2021-05-01 49 days 1,867 sqft
2021-06-01 46 days 1,841 sqft
2021-07-01 44 days 1,780 sqft
2021-08-01 44 days 1,808 sqft
2021-09-01 45 days 1,739 sqft
2021-10-01 41 days 1,815 sqft
2021-11-01 42 days 1,847 sqft
2021-12-01 49 days 1,864 sqft
2022-01-01 43 days 1,868 sqft
2022-02-01 36 days 1,774 sqft
2022-03-01 32 days 1,696 sqft
2022-04-01 30 days 1,724 sqft
Sebastian's median listing age (time on market) for 2022-04-01 was 30 days. This is -35% shorter than the same period one year ago.

Sebastian's median square footage for active listings during the 2022-04-01 period was 1,724 sqft. One year prior, the average listing was 1,853 sqft.