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 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 6.67% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Sebastian's average USDA mortgage closing costs are $6,982.

The average rate for the prior week (2022-11-25) was 6.71% and one month ago for the week of 2022-10-28, the average rate was 6.78%.

The average rate one year ago was 3.38%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.23%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 $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 $338,456 (-3.0%) $693,890 (-3.7%) 1.14 1,581
2018-11-01 $339,150 (-3.1%) $685,155 (-7.1%) 1.15 1,697
2018-12-01 $339,000 (-3.1%) $676,798 (-5.3%) 1.17 1,762
2019-01-01 $343,498 (-2.8%) $678,488 (-3.9%) 1.19 1,779
2019-02-01 $348,900 (-0.2%) $665,105 (-5.2%) 1.18 1,920
2019-03-01 $342,957 (-2.0%) $660,746 (-6.1%) 1.12 1,923
2019-04-01 $338,007 (-4.8%) $666,919 (-5.9%) 1.07 1,881
2019-05-01 $335,698 (-1.3%) $678,011 (-2.5%) 1.05 1,797
2019-06-01 $337,000 (0.6%) $688,312 (1.6%) 1.05 1,628
2019-07-01 $340,000 (1.1%) $692,481 (-1.1%) 1.06 1,558
2019-08-01 $344,182 (2.0%) $693,077 (-2.5%) 1.09 1,512
2019-09-01 $347,455 (2.2%) $694,344 (-1.7%) 1.11 1,470
2019-10-01 $354,000 (4.6%) $699,894 (0.9%) 1.14 1,442
2019-11-01 $340,000 (0.3%) $656,768 (-4.1%) 1.11 1,578
2019-12-01 $340,705 (0.5%) $650,138 (-3.9%) 1.14 1,605
2020-01-01 $340,048 (-1.0%) $653,353 (-3.7%) 1.14 1,637
2020-02-01 $339,998 (-2.6%) $651,492 (-2.1%) 1.11 1,668
2020-03-01 $332,500 (-3.1%) $648,377 (-1.9%) 1.04 1,679
2020-04-01 $329,900 (-2.4%) $634,728 (-4.8%) 1.03 1,702
2020-05-01 $329,000 (-2.0%) $639,351 (-5.7%) 1.00 1,618
2020-06-01 $330,000 (-2.1%) $653,463 (-5.1%) 0.97 1,509
2020-07-01 $335,875 (-1.2%) $644,442 (-6.9%) 0.97 1,407
2020-08-01 $345,000 (0.2%) $675,283 (-2.6%) 0.99 1,239
2020-09-01 $342,000 (-1.6%) $687,270 (-1.0%) 0.98 1,100
2020-10-01 $345,000 (-2.5%) $694,493 (-0.8%) 0.99 1,021
2020-11-01 $347,725 (2.3%) $701,991 (6.9%) 1.02 1,004
2020-12-01 $347,053 (1.9%) $714,999 (10.0%) 1.03 934
2021-01-01 $349,900 (2.9%) $701,541 (7.4%) 1.04 834
2021-02-01 $344,000 (1.2%) $721,509 (10.8%) 1.00 663
2021-03-01 $349,245 (5.0%) $737,238 (13.7%) 0.99 557
2021-04-01 $363,750 (10.3%) $771,605 (21.6%) 0.98 505
2021-05-01 $395,000 (20.1%) $853,996 (33.6%) 1.05 408
2021-06-01 $389,225 (18.0%) $912,645 (39.7%) 1.02 390
2021-07-01 $359,725 (7.1%) $877,154 (36.1%) 0.95 401
2021-08-01 $366,625 (6.3%) $876,627 (29.8%) 0.98 412
2021-09-01 $369,275 (8.0%) $815,668 (18.7%) 0.98 444
2021-10-01 $395,990 (14.8%) $816,510 (17.6%) 1.06 412
2021-11-01 $399,500 (14.9%) $894,656 (27.5%) 1.07 400
2021-12-01 $427,000 (23.0%) $978,060 (36.8%) 1.16 365
2022-01-01 $424,950 (21.5%) $954,363 (36.0%) 1.15 335
2022-02-01 $399,000 (16.0%) $994,519 (37.8%) 1.04 342
2022-03-01 $397,000 (13.7%) $955,690 (29.6%) 0.99 349
2022-04-01 $419,945 (15.5%) $881,032 (14.2%) 1.00 393
2022-05-01 $425,000 (7.6%) $902,398 (5.7%) 0.97 471
2022-06-01 $426,118 (9.5%) $829,912 (-9.1%) 0.95 578
2022-07-01 $424,950 (18.1%) $860,299 (-1.9%) 0.96 729
2022-08-01 $413,788 (12.9%) $834,635 (-4.8%) 0.96 801
2022-09-01 $415,000 (12.4%) $834,284 (2.3%) 0.97 824
2022-10-01 $429,450 (8.5%) $856,021 (4.8%) 1.01 827
2022-11-01 $429,450 (7.5%) $849,412 (-5.1%) 1.03 925
Sebastian's median listing price for 2022-11-01 was $429,450, a difference of $29,950 (7.5%) versus the prior year and $0 versus the prior month.

Sebastian's median listing price comes in at 103% of the national average.

Sebastian's average listing price for 2022-11-01 was $849,412, a difference of $-45,244 (-5.1%) versus the prior year and $-6,609 versus the prior month.

For the 2022-11-01 period, Sebastian had 925 MLS listings, a difference of 98 listings (12%) versus the prior month and 525 listings (131%) 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 2,059 sqft
2018-02-01 81 days 2,045 sqft
2018-03-01 71 days 2,039 sqft
2018-04-01 79 days 2,068 sqft
2018-05-01 85 days 2,033 sqft
2018-06-01 92 days 2,027 sqft
2018-07-01 96 days 2,044 sqft
2018-08-01 98 days 2,029 sqft
2018-09-01 92 days 2,040 sqft
2018-10-01 86 days 2,018 sqft
2018-11-01 85 days 2,005 sqft
2018-12-01 87 days 1,996 sqft
2019-01-01 93 days 1,996 sqft
2019-02-01 88 days 1,997 sqft
2019-03-01 85 days 1,984 sqft
2019-04-01 86 days 1,967 sqft
2019-05-01 92 days 1,952 sqft
2019-06-01 99 days 1,961 sqft
2019-07-01 103 days 1,971 sqft
2019-08-01 101 days 1,974 sqft
2019-09-01 102 days 1,976 sqft
2019-10-01 103 days 1,978 sqft
2019-11-01 99 days 1,914 sqft
2019-12-01 89 days 1,900 sqft
2020-01-01 88 days 1,901 sqft
2020-02-01 93 days 1,900 sqft
2020-03-01 90 days 1,906 sqft
2020-04-01 92 days 1,910 sqft
2020-05-01 105 days 1,900 sqft
2020-06-01 112 days 1,900 sqft
2020-07-01 118 days 1,900 sqft
2020-08-01 107 days 1,900 sqft
2020-09-01 109 days 1,900 sqft
2020-10-01 100 days 1,900 sqft
2020-11-01 83 days 1,900 sqft
2020-12-01 78 days 1,900 sqft
2021-01-01 79 days 1,900 sqft
2021-02-01 63 days 1,851 sqft
2021-03-01 50 days 1,848 sqft
2021-04-01 49 days 1,861 sqft
2021-05-01 50 days 1,865 sqft
2021-06-01 49 days 1,835 sqft
2021-07-01 49 days 1,772 sqft
2021-08-01 50 days 1,786 sqft
2021-09-01 48 days 1,736 sqft
2021-10-01 47 days 1,815 sqft
2021-11-01 49 days 1,821 sqft
2021-12-01 55 days 1,838 sqft
2022-01-01 50 days 1,863 sqft
2022-02-01 36 days 1,765 sqft
2022-03-01 36 days 1,696 sqft
2022-04-01 36 days 1,700 sqft
2022-05-01 37 days 1,705 sqft
2022-06-01 37 days 1,712 sqft
2022-07-01 39 days 1,700 sqft
2022-08-01 50 days 1,718 sqft
2022-09-01 59 days 1,709 sqft
2022-10-01 66 days 1,789 sqft
2022-11-01 66 days 1,793 sqft
Sebastian's median listing age (time on market) for 2022-11-01 was 66 days. This is 35% longer than the same period one year ago.

Sebastian's median square footage for active listings during the 2022-11-01 period was 1,793 sqft. One year prior, the average listing was 1,821 sqft.