Sebastian USDA Loan Rates, Closing Costs & Stats

Sebastian-Vero Beach, FL

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    • 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.