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 2 lenders originated 3 USDA loans during 2023. The total origination value was $2,165,000, with an average USDA loan value of $721,667.
Sebastian USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Sebastian
averaged
6.86%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Sebastian's average USDA mortgage closing costs are $7,163.
The average rate for the prior week (2024-04-12) was
6.42% and
one month ago for the week of 2024-03-15, the
average rate was 6.3%.
The average rate one year ago was 6.34%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| METROPLEX MORTGAGE SERVICES, INC. | 1 | 7.25% | $7,969 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 4.54% | $19,309 |
The top Sebastian USDA lender as defined by loan originations is METROPLEX MORTGAGE SERVICES, INC., with
1 USDA loans originated. Their average total fees are
$7,969, which is $11,339
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
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 (-2.4%) | $695,261 (1.7%) | 1.14 | 1,613 |
| 2018-06-01 | $334,900 (-4.2%) | $677,644 (-6.0%) | 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 | $338,934 (-2.8%) | $694,356 (-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 | $342,957 (-2.0%) | $661,243 (-6.1%) | 1.12 | 1,921 |
| 2019-04-01 | $338,057 (-4.8%) | $667,144 (-5.8%) | 1.07 | 1,879 |
| 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 | $344,545 (2.1%) | $694,030 (-2.3%) | 1.09 | 1,507 |
| 2019-09-01 | $347,614 (2.2%) | $695,681 (-1.5%) | 1.11 | 1,465 |
| 2019-10-01 | $354,500 (4.6%) | $701,540 (1.0%) | 1.14 | 1,436 |
| 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 | $341,038 (-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 (-1.5%) | $649,553 (-1.8%) | 1.06 | 1,673 |
| 2020-04-01 | $329,975 (-2.4%) | $635,833 (-4.7%) | 1.03 | 1,696 |
| 2020-05-01 | $329,450 (-2.0%) | $640,543 (-5.6%) | 1.00 | 1,612 |
| 2020-06-01 | $330,916 (-2.0%) | $654,787 (-5.0%) | 0.97 | 1,503 |
| 2020-07-01 | $339,000 (-0.3%) | $645,812 (-6.8%) | 0.98 | 1,401 |
| 2020-08-01 | $347,950 (1.0%) | $676,831 (-2.5%) | 1.00 | 1,233 |
| 2020-09-01 | $343,600 (-1.2%) | $689,217 (-0.9%) | 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 (20.4%) | $860,422 (34.3%) | 1.05 | 401 |
| 2021-06-01 | $389,950 (17.8%) | $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%) | $864,450 (-2.5%) | 0.96 | 723 |
| 2022-08-01 | $414,988 (12.5%) | $838,383 (-5.4%) | 0.96 | 795 |
| 2022-09-01 | $417,450 (12.5%) | $838,614 (1.8%) | 0.98 | 818 |
| 2022-10-01 | $430,000 (7.9%) | $859,800 (4.2%) | 1.01 | 821 |
| 2022-11-01 | $431,700 (6.9%) | $853,291 (-5.6%) | 1.04 | 919 |
| 2022-12-01 | $429,900 (-0.3%) | $883,231 (-10.6%) | 1.06 | 954 |
| 2023-01-01 | $437,225 (1.9%) | $881,207 (-8.6%) | 1.08 | 997 |
| 2023-02-01 | $434,625 (8.1%) | $994,959 (-1.1%) | 1.05 | 1,048 |
| 2023-03-01 | $435,750 (9.2%) | $1,042,899 (7.9%) | 1.03 | 1,029 |
| 2023-04-01 | $446,000 (6.1%) | $1,064,617 (19.5%) | 1.04 | 1,008 |
| 2023-05-01 | $444,750 (4.1%) | $966,890 (6.3%) | 1.01 | 916 |
| 2023-06-01 | $442,000 (3.5%) | $984,712 (17.9%) | 0.99 | 892 |
| 2023-07-01 | $450,000 (5.9%) | $1,036,013 (19.9%) | 1.02 | 885 |
| 2023-08-01 | $449,225 (8.3%) | $1,037,554 (23.8%) | 1.03 | 900 |
| 2023-09-01 | $459,000 (10.0%) | $1,056,778 (26.0%) | 1.07 | 939 |
| 2023-10-01 | $467,450 (8.7%) | $1,042,019 (21.2%) | 1.10 | 1,057 |
| 2023-11-01 | $469,000 (8.6%) | $1,025,264 (20.2%) | 1.12 | 1,177 |
| 2023-12-01 | $475,000 (10.5%) | $1,018,127 (15.3%) | 1.16 | 1,261 |
| 2024-01-01 | $482,000 (10.2%) | $1,007,183 (14.3%) | 1.18 | 1,372 |
| 2024-02-01 | $475,000 (9.3%) | $991,392 (-0.4%) | 1.14 | 1,531 |
| 2024-03-01 | $460,000 (5.6%) | $975,144 (-6.5%) | 1.08 | 1,608 |
Sebastian's median listing price comes in at 108% of the national average.
Sebastian's average listing price for 2024-03-01 was $975,144, a difference of $-67,755 (-6.5%) versus the prior year and $-16,248 versus the prior month.
For the 2024-03-01 period, Sebastian had 1,608 MLS listings, a difference of 77 listings (5%) versus the prior month and 579 listings (56%) 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 | 81 days | 2,061 sqft |
| 2018-02-01 | 70 days | 2,064 sqft |
| 2018-03-01 | 64 days | 2,060 sqft |
| 2018-04-01 | 73 days | 2,090 sqft |
| 2018-05-01 | 79 days | 2,042 sqft |
| 2018-06-01 | 85 days | 2,040 sqft |
| 2018-07-01 | 88 days | 2,048 sqft |
| 2018-08-01 | 89 days | 2,044 sqft |
| 2018-09-01 | 84 days | 2,046 sqft |
| 2018-10-01 | 79 days | 2,041 sqft |
| 2018-11-01 | 78 days | 2,041 sqft |
| 2018-12-01 | 79 days | 2,018 sqft |
| 2019-01-01 | 86 days | 2,012 sqft |
| 2019-02-01 | 78 days | 2,014 sqft |
| 2019-03-01 | 77 days | 1,996 sqft |
| 2019-04-01 | 79 days | 1,982 sqft |
| 2019-05-01 | 81 days | 1,962 sqft |
| 2019-06-01 | 89 days | 1,970 sqft |
| 2019-07-01 | 92 days | 1,970 sqft |
| 2019-08-01 | 89 days | 1,972 sqft |
| 2019-09-01 | 88 days | 1,974 sqft |
| 2019-10-01 | 89 days | 1,976 sqft |
| 2019-11-01 | 82 days | 1,914 sqft |
| 2019-12-01 | 76 days | 1,900 sqft |
| 2020-01-01 | 80 days | 1,901 sqft |
| 2020-02-01 | 82 days | 1,900 sqft |
| 2020-03-01 | 74 days | 1,906 sqft |
| 2020-04-01 | 83 days | 1,910 sqft |
| 2020-05-01 | 95 days | 1,900 sqft |
| 2020-06-01 | 101 days | 1,900 sqft |
| 2020-07-01 | 98 days | 1,900 sqft |
| 2020-08-01 | 89 days | 1,900 sqft |
| 2020-09-01 | 93 days | 1,900 sqft |
| 2020-10-01 | 83 days | 1,900 sqft |
| 2020-11-01 | 67 days | 1,900 sqft |
| 2020-12-01 | 67 days | 1,900 sqft |
| 2021-01-01 | 69 days | 1,900 sqft |
| 2021-02-01 | 50 days | 1,850 sqft |
| 2021-03-01 | 45 days | 1,847 sqft |
| 2021-04-01 | 42 days | 1,856 sqft |
| 2021-05-01 | 46 days | 1,865 sqft |
| 2021-06-01 | 45 days | 1,832 sqft |
| 2021-07-01 | 46 days | 1,768 sqft |
| 2021-08-01 | 47 days | 1,763 sqft |
| 2021-09-01 | 47 days | 1,725 sqft |
| 2021-10-01 | 45 days | 1,813 sqft |
| 2021-11-01 | 47 days | 1,818 sqft |
| 2021-12-01 | 52 days | 1,836 sqft |
| 2022-01-01 | 49 days | 1,868 sqft |
| 2022-02-01 | 35 days | 1,763 sqft |
| 2022-03-01 | 34 days | 1,693 sqft |
| 2022-04-01 | 33 days | 1,700 sqft |
| 2022-05-01 | 35 days | 1,701 sqft |
| 2022-06-01 | 36 days | 1,709 sqft |
| 2022-07-01 | 37 days | 1,700 sqft |
| 2022-08-01 | 48 days | 1,717 sqft |
| 2022-09-01 | 58 days | 1,708 sqft |
| 2022-10-01 | 65 days | 1,789 sqft |
| 2022-11-01 | 64 days | 1,795 sqft |
| 2022-12-01 | 64 days | 1,780 sqft |
| 2023-01-01 | 71 days | 1,789 sqft |
| 2023-02-01 | 61 days | 1,805 sqft |
| 2023-03-01 | 57 days | 1,821 sqft |
| 2023-04-01 | 63 days | 1,828 sqft |
| 2023-05-01 | 65 days | 1,780 sqft |
| 2023-06-01 | 66 days | 1,783 sqft |
| 2023-07-01 | 71 days | 1,812 sqft |
| 2023-08-01 | 65 days | 1,828 sqft |
| 2023-09-01 | 64 days | 1,828 sqft |
| 2023-10-01 | 60 days | 1,819 sqft |
| 2023-11-01 | 58 days | 1,813 sqft |
| 2023-12-01 | 65 days | 1,770 sqft |
| 2024-01-01 | 70 days | 1,786 sqft |
| 2024-02-01 | 65 days | 1,780 sqft |
| 2024-03-01 | 63 days | 1,779 sqft |
Sebastian's median square footage for active listings during the 2024-03-01 period was 1,779 sqft. One year prior, the average listing was 1,821 sqft.