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 6.81% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Sebastian's average USDA mortgage closing costs are $7,163.

The average rate for the prior week (2024-04-05) was 6.73% and one month ago for the week of 2024-03-08, the average rate was 6.49%.

The average rate one year ago was 6%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.71%.

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 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 for 2024-03-01 was $460,000, a difference of $24,250 (5.6%) versus the prior year and $-15,000 versus the prior month.

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 listing age (time on market) for 2024-03-01 was 63 days. This is 11% longer than the same period one year ago.

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.