Sebastian USDA Loan Rates, Closing Costs & Stats

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 4 lenders originated 5 USDA loans during 2022. The total origination value was $1,285,000, with an average USDA loan value of $257,000.

Sebastian USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Sebastian averaged 6.23% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

Sebastian's average USDA mortgage closing costs are $7,007.

The average rate for the prior week (2023-05-19) was 5.97% and one month ago for the week of 2023-04-21, the average rate was 5.98%.

The average rate one year ago was 5%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.25%.

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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Sebastian level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 2 4.38% $7,064
CALIBER HOME LOANS, INC. 1 5.25% $11,724
METROPLEX MORTGAGE SERVICES, INC. 1 4.63% $5,357
RADIUS FINANCIAL GROUP INC. 1 5.13% $5,733

The top Sebastian USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 2 USDA loans originated. Their average total fees are $7,064, which is $4,660 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 $353,500 (1.0%) $705,701 (-0.3%) 1.31 1,472
2018-02-01 $349,500 (0.4%) $701,692 (-0.3%) 1.27 1,565
2018-03-01 $350,000 (1.3%) $703,852 (0.6%) 1.23 1,663
2018-04-01 $355,000 (0.0%) $708,499 (0.3%) 1.20 1,671
2018-05-01 $340,000 (-2.5%) $695,375 (1.5%) 1.14 1,613
2018-06-01 $334,900 (-4.3%) $677,644 (-6.1%) 1.12 1,566
2018-07-01 $336,464 (-2.5%) $699,982 (0.3%) 1.12 1,477
2018-08-01 $337,450 (-2.8%) $710,533 (3.6%) 1.13 1,457
2018-09-01 $340,000 (-2.6%) $706,407 (-0.9%) 1.14 1,484
2018-10-01 $338,956 (-2.8%) $694,519 (-3.6%) 1.15 1,579
2018-11-01 $339,675 (-3.0%) $685,758 (-7.0%) 1.15 1,695
2018-12-01 $339,000 (-3.1%) $677,364 (-5.2%) 1.17 1,760
2019-01-01 $344,513 (-2.5%) $679,044 (-3.8%) 1.19 1,777
2019-02-01 $348,900 (-0.2%) $665,615 (-5.1%) 1.18 1,918
2019-03-01 $345,000 (-1.4%) $657,664 (-6.6%) 1.15 1,910
2019-04-01 $337,275 (-5.0%) $667,250 (-5.8%) 1.07 1,880
2019-05-01 $336,223 (-1.1%) $678,622 (-2.4%) 1.05 1,794
2019-06-01 $337,500 (0.8%) $688,976 (1.7%) 1.05 1,625
2019-07-01 $340,000 (1.1%) $693,171 (-1.0%) 1.06 1,554
2019-08-01 $349,949 (3.7%) $706,140 (-0.6%) 1.10 1,510
2019-09-01 $352,400 (3.7%) $688,577 (-2.5%) 1.11 1,474
2019-10-01 $354,500 (4.6%) $701,540 (1.0%) 1.14 1,431
2019-11-01 $340,000 (0.1%) $658,081 (-4.0%) 1.11 1,572
2019-12-01 $341,816 (0.8%) $651,427 (-3.8%) 1.14 1,599
2020-01-01 $341,085 (-1.0%) $654,625 (-3.6%) 1.14 1,631
2020-02-01 $340,000 (-2.6%) $652,731 (-1.9%) 1.11 1,662
2020-03-01 $338,000 (-2.0%) $649,568 (-1.2%) 1.06 1,674
2020-04-01 $330,000 (-2.2%) $635,868 (-4.7%) 1.03 1,697
2020-05-01 $329,900 (-1.9%) $640,578 (-5.6%) 1.00 1,613
2020-06-01 $331,833 (-1.7%) $654,815 (-5.0%) 0.98 1,504
2020-07-01 $339,000 (-0.3%) $645,829 (-6.8%) 0.98 1,401
2020-08-01 $347,950 (-0.6%) $676,831 (-4.2%) 1.00 1,233
2020-09-01 $343,600 (-2.5%) $689,217 (0.1%) 0.98 1,094
2020-10-01 $347,000 (-2.1%) $696,722 (-0.7%) 0.99 1,015
2020-11-01 $348,750 (2.6%) $704,238 (7.0%) 1.02 997
2020-12-01 $348,500 (2.0%) $717,464 (10.1%) 1.04 927
2021-01-01 $349,900 (2.6%) $703,956 (7.5%) 1.04 827
2021-02-01 $344,000 (1.2%) $724,965 (11.1%) 1.00 656
2021-03-01 $349,450 (3.4%) $741,170 (14.1%) 0.99 550
2021-04-01 $366,250 (11.0%) $776,277 (22.1%) 0.99 498
2021-05-01 $396,700 (20.3%) $860,422 (34.3%) 1.05 401
2021-06-01 $389,950 (17.5%) $921,349 (40.7%) 1.03 383
2021-07-01 $362,123 (6.8%) $886,158 (37.2%) 0.96 395
2021-08-01 $369,000 (6.1%) $885,784 (30.9%) 0.98 406
2021-09-01 $371,088 (8.0%) $823,952 (19.6%) 0.99 439
2021-10-01 $398,500 (14.8%) $825,232 (18.4%) 1.06 407
2021-11-01 $404,000 (15.8%) $903,815 (28.3%) 1.08 395
2021-12-01 $431,000 (23.7%) $988,075 (37.7%) 1.17 360
2022-01-01 $429,000 (22.6%) $964,474 (37.0%) 1.16 330
2022-02-01 $402,000 (16.9%) $1,006,260 (38.8%) 1.05 337
2022-03-01 $399,200 (14.2%) $966,311 (30.4%) 1.00 343
2022-04-01 $420,575 (14.8%) $890,652 (14.7%) 1.00 387
2022-05-01 $427,235 (7.7%) $909,406 (5.7%) 0.98 465
2022-06-01 $427,000 (9.5%) $835,009 (-9.4%) 0.95 572
2022-07-01 $425,000 (17.4%) $864,648 (-2.4%) 0.96 723
2022-08-01 $414,988 (12.5%) $838,383 (-5.4%) 0.96 795
2022-09-01 $417,450 (12.5%) $837,881 (1.7%) 0.98 818
2022-10-01 $430,000 (7.9%) $859,800 (4.2%) 1.01 821
2022-11-01 $430,950 (6.7%) $852,891 (-5.6%) 1.04 919
2022-12-01 $430,000 (-0.2%) $883,299 (-10.6%) 1.06 954
2023-01-01 $437,225 (1.9%) $881,207 (-8.6%) 1.08 997
2023-02-01 $434,500 (8.1%) $994,959 (-1.1%) 1.05 1,048
2023-03-01 $435,500 (9.1%) $1,043,282 (8.0%) 1.03 1,029
2023-04-01 $446,000 (6.1%) $1,064,617 (19.5%) 1.04 1,008
Sebastian's median listing price for 2023-04-01 was $446,000, a difference of $25,425 (6.1%) versus the prior year and $10,500 versus the prior month.

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

Sebastian's average listing price for 2023-04-01 was $1,064,617, a difference of $173,965 (19.5%) versus the prior year and $21,335 versus the prior month.

For the 2023-04-01 period, Sebastian had 1,008 MLS listings, a difference of -21 listings (-2%) versus the prior month and 621 listings (160%) 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 89 days 2,057 sqft
2018-02-01 81 days 2,048 sqft
2018-03-01 71 days 2,039 sqft
2018-04-01 79 days 2,074 sqft
2018-05-01 85 days 2,030 sqft
2018-06-01 92 days 2,033 sqft
2018-07-01 96 days 2,044 sqft
2018-08-01 98 days 2,032 sqft
2018-09-01 92 days 2,038 sqft
2018-10-01 86 days 2,017 sqft
2018-11-01 85 days 2,004 sqft
2018-12-01 87 days 1,982 sqft
2019-01-01 93 days 1,982 sqft
2019-02-01 88 days 1,987 sqft
2019-03-01 80 days 1,965 sqft
2019-04-01 86 days 1,960 sqft
2019-05-01 92 days 1,943 sqft
2019-06-01 99 days 1,955 sqft
2019-07-01 103 days 1,964 sqft
2019-08-01 109 days 2,000 sqft
2019-09-01 115 days 1,992 sqft
2019-10-01 103 days 1,973 sqft
2019-11-01 97 days 1,914 sqft
2019-12-01 89 days 1,900 sqft
2020-01-01 88 days 1,900 sqft
2020-02-01 92 days 1,900 sqft
2020-03-01 90 days 1,905 sqft
2020-04-01 92 days 1,907 sqft
2020-05-01 105 days 1,900 sqft
2020-06-01 112 days 1,900 sqft
2020-07-01 117 days 1,900 sqft
2020-08-01 106 days 1,900 sqft
2020-09-01 108 days 1,900 sqft
2020-10-01 99 days 1,900 sqft
2020-11-01 82 days 1,900 sqft
2020-12-01 78 days 1,900 sqft
2021-01-01 79 days 1,900 sqft
2021-02-01 62 days 1,851 sqft
2021-03-01 49 days 1,848 sqft
2021-04-01 47 days 1,861 sqft
2021-05-01 50 days 1,865 sqft
2021-06-01 48 days 1,833 sqft
2021-07-01 48 days 1,770 sqft
2021-08-01 49 days 1,766 sqft
2021-09-01 47 days 1,726 sqft
2021-10-01 46 days 1,814 sqft
2021-11-01 49 days 1,818 sqft
2021-12-01 53 days 1,835 sqft
2022-01-01 50 days 1,863 sqft
2022-02-01 36 days 1,753 sqft
2022-03-01 35 days 1,693 sqft
2022-04-01 35 days 1,700 sqft
2022-05-01 36 days 1,701 sqft
2022-06-01 37 days 1,709 sqft
2022-07-01 38 days 1,700 sqft
2022-08-01 49 days 1,717 sqft
2022-09-01 59 days 1,707 sqft
2022-10-01 65 days 1,789 sqft
2022-11-01 66 days 1,792 sqft
2022-12-01 65 days 1,780 sqft
2023-01-01 72 days 1,789 sqft
2023-02-01 63 days 1,805 sqft
2023-03-01 58 days 1,820 sqft
2023-04-01 65 days 1,828 sqft
Sebastian's median listing age (time on market) for 2023-04-01 was 65 days. This is 86% longer than the same period one year ago.

Sebastian's median square footage for active listings during the 2023-04-01 period was 1,828 sqft. One year prior, the average listing was 1,700 sqft.