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%.
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. LouisDate | 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 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. LouisDate | 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 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.