Sebring USDA Loan Rates, Closing Costs & Stats

SEBRING-AVON PARK, 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.

    Sebring's 29 lenders originated 160 USDA loans during 2021. The total origination value was $28,720,000, with an average USDA loan value of $179,500.

    Sebring USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sebring averaged 6.62% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

    Sebring's average USDA mortgage closing costs are $5,230.

    The average rate for the prior week (2022-11-25) was 6.76% and one month ago for the week of 2022-10-28, the average rate was 7.13%.

    The average rate one year ago was 3.42%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.38%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Sebring 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 Sebring level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    CELEBRITY HOME LOANS, LLC 58 3.12% $5,591
    METROPLEX MORTGAGE SERVICES, INC. 52 2.85% $6,125
    South State Bank 6 2.50% $5,828
    PLAZA HOME MORTGAGE, INC. 3 3.29% $5,535
    HOME SOLUTION LENDERS INC. 3 2.88% $6,923
    CALIBER HOME LOANS, INC. 3 2.75% $4,773
    Colten Mortgage, LLC 3 3.00% $3,807
    PENNYMAC LOAN SERVICES, LLC 3 3.04% $4,439
    Bell Bank 2 2.69% $7,867
    SIGNATURE MORTGAGE CORPORATION 2 3.44% $7,601
    AMERIFIRST FINANCIAL CORPORATION 2 3.25% $9,545
    Citizens Bank 2 3.38% $4,932
    NP, Inc. 1 3.38% $5,964
    Plains Commerce Bank 1 3.00% $6,429
    PNC Bank 1 2.88% $5,195
    PREFERRED LENDING SERVICES, LLC 1 3.25% $4,143
    1ST FINANCIAL, INC. 1 3.50% $6,476
    THE MORTGAGE FIRM, INC. 1 2.75% $5,101
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 2.75% $7,412
    FAIRWAY FUNDING GROUP, INC. 1 3.13% $5,109
    FBC MORTGAGE, LLC 1 2.88% $6,710
    First Guaranty Mortgage Corporation 1 3.13% $8,038
    First Option Mortgage, LLC 1 3.50% $5,482
    Flagstar Bank, FSB 1 2.75% $3,654
    HOME POINT FINANCIAL CORPORATION 1 3.13% $7,033
    LEADERONE FINANCIAL CORPORATION 1 2.63% $9,173
    LOANDEPOT.COM, LLC 1 3.50% $8,073
    Magnolia Bank 1 2.75% $5,331
    NEWREZ LLC 1 2.63% $4,188

    The top Sebring USDA lender as defined by loan originations is CELEBRITY HOME LOANS, LLC, with 58 USDA loans originated. Their average total fees are $5,591, which is $535 lower than the next largest lender, METROPLEX MORTGAGE SERVICES, INC..

    The lowest fee Sebring USDA lenders (with over 10 loans originated) are CELEBRITY HOME LOANS, LLC ($5,591), METROPLEX MORTGAGE SERVICES, INC. ($6,125), .

    The lowest rate Sebring USDA lenders (with over 10 loans originated) are METROPLEX MORTGAGE SERVICES, INC. (2.85%), CELEBRITY HOME LOANS, LLC (3.12%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sebring (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 $174,900 (1.7%) $206,309 (-5.4%) 0.00 550
    2018-02-01 $179,450 (2.6%) $214,871 (-2.6%) 0.00 562
    2018-03-01 $179,000 (2.6%) $217,322 (-0.9%) 0.00 537
    2018-04-01 $175,675 (0.4%) $218,815 (-1.8%) 0.00 533
    2018-05-01 $179,000 (2.3%) $223,195 (-0.1%) 0.00 512
    2018-06-01 $186,500 (4.4%) $231,946 (2.7%) 0.00 497
    2018-07-01 $193,350 (13.8%) $240,071 (9.1%) 0.00 504
    2018-08-01 $188,500 (11.4%) $232,906 (8.2%) 0.00 523
    2018-09-01 $185,000 (5.8%) $222,731 (2.5%) 0.00 563
    2018-10-01 $179,950 (5.3%) $222,213 (3.2%) 0.00 576
    2018-11-01 $184,975 (5.8%) $233,342 (9.3%) 0.00 594
    2018-12-01 $186,000 (9.5%) $238,715 (16.0%) 0.00 659
    2019-01-01 $185,450 (6.0%) $238,471 (15.6%) 0.00 652
    2019-02-01 $185,000 (3.1%) $241,170 (12.2%) 0.00 682
    2019-03-01 $184,943 (3.3%) $238,030 (9.5%) 0.00 669
    2019-04-01 $186,125 (6.0%) $237,682 (8.6%) 0.00 630
    2019-05-01 $185,000 (3.4%) $235,440 (5.5%) 0.00 605
    2019-06-01 $189,000 (1.3%) $233,407 (0.6%) 0.00 535
    2019-07-01 $186,225 (-3.7%) $231,505 (-3.6%) 0.00 521
    2019-08-01 $185,427 (-1.6%) $230,851 (-0.9%) 0.00 526
    2019-09-01 $182,318 (-1.5%) $231,209 (3.8%) 0.00 528
    2019-10-01 $179,900 (0.0%) $231,339 (4.1%) 0.00 538
    2019-11-01 $184,900 (0.0%) $230,672 (-1.1%) 0.00 542
    2019-12-01 $189,900 (2.1%) $239,071 (0.2%) 0.00 543
    2020-01-01 $194,222 (4.7%) $244,578 (2.6%) 0.00 515
    2020-02-01 $191,947 (3.8%) $237,999 (-1.3%) 0.00 536
    2020-03-01 $194,800 (5.3%) $238,282 (0.1%) 0.00 545
    2020-04-01 $185,000 (-0.6%) $228,486 (-3.9%) 0.00 532
    2020-05-01 $184,997 (0.0%) $228,835 (-2.8%) 0.00 470
    2020-06-01 $181,475 (-4.0%) $227,980 (-2.3%) 0.00 430
    2020-07-01 $186,975 (0.4%) $224,238 (-3.1%) 0.00 375
    2020-08-01 $194,900 (5.1%) $233,648 (1.2%) 0.00 339
    2020-09-01 $197,725 (8.5%) $240,907 (4.2%) 0.00 308
    2020-10-01 $185,450 (3.1%) $236,708 (2.3%) 0.00 294
    2020-11-01 $198,250 (7.2%) $242,762 (5.2%) 0.00 286
    2020-12-01 $198,450 (4.5%) $247,079 (3.4%) 0.00 293
    2021-01-01 $195,000 (0.4%) $255,166 (4.3%) 0.00 304
    2021-02-01 $199,900 (4.1%) $255,159 (7.2%) 0.00 288
    2021-03-01 $216,950 (11.4%) $267,155 (12.1%) 0.00 262
    2021-04-01 $208,425 (12.7%) $285,775 (25.1%) 0.00 208
    2021-05-01 $224,950 (21.6%) $296,262 (29.5%) 0.00 197
    2021-06-01 $224,950 (24.0%) $4,352,803 (1,809.3%) 0.00 196
    2021-07-01 $234,900 (25.6%) $3,840,152 (1,612.5%) 0.00 238
    2021-08-01 $249,925 (28.2%) $319,142 (36.6%) 0.00 255
    2021-09-01 $252,450 (27.7%) $319,681 (32.7%) 0.00 245
    2021-10-01 $249,900 (34.8%) $316,764 (33.8%) 0.00 260
    2021-11-01 $269,900 (36.1%) $334,904 (38.0%) 0.00 241
    2021-12-01 $264,950 (33.5%) $339,649 (37.5%) 0.00 233
    2022-01-01 $269,990 (38.5%) $344,324 (34.9%) 0.00 222
    2022-02-01 $277,400 (38.8%) $364,005 (42.7%) 0.00 213
    2022-03-01 $284,950 (31.3%) $391,933 (46.7%) 0.00 210
    2022-04-01 $279,900 (34.3%) $371,756 (30.1%) 0.00 254
    2022-05-01 $287,000 (27.6%) $374,768 (26.5%) 0.00 281
    2022-06-01 $292,159 (29.9%) $363,349 (-91.7%) 0.00 310
    2022-07-01 $289,634 (23.3%) $359,049 (-90.7%) 0.00 366
    2022-08-01 $297,250 (18.9%) $356,682 (11.8%) 0.00 382
    2022-09-01 $298,555 (18.3%) $349,525 (9.3%) 0.00 402
    2022-10-01 $299,000 (19.7%) $360,139 (13.7%) 0.00 391
    2022-11-01 $291,220 (7.9%) $360,931 (7.8%) 0.00 412
    Sebring's median listing price for 2022-11-01 was $291,220, a difference of $21,320 (7.9%) versus the prior year and $-7,780 versus the prior month.

    Sebring's median listing price comes in at 0% of the national average.

    Sebring's average listing price for 2022-11-01 was $360,931, a difference of $26,027 (7.8%) versus the prior year and $792 versus the prior month.

    For the 2022-11-01 period, Sebring had 412 MLS listings, a difference of 21 listings (5%) versus the prior month and 171 listings (71%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sebring (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,240 sqft
    2018-02-01 0 days 2,271 sqft
    2018-03-01 0 days 2,246 sqft
    2018-04-01 0 days 2,235 sqft
    2018-05-01 0 days 2,227 sqft
    2018-06-01 0 days 2,244 sqft
    2018-07-01 0 days 2,252 sqft
    2018-08-01 0 days 2,236 sqft
    2018-09-01 0 days 2,204 sqft
    2018-10-01 0 days 2,230 sqft
    2018-11-01 0 days 2,233 sqft
    2018-12-01 0 days 1,647 sqft
    2019-01-01 0 days 1,648 sqft
    2019-02-01 0 days 1,650 sqft
    2019-03-01 0 days 1,654 sqft
    2019-04-01 0 days 1,655 sqft
    2019-05-01 0 days 1,623 sqft
    2019-06-01 0 days 1,644 sqft
    2019-07-01 0 days 1,638 sqft
    2019-08-01 0 days 1,641 sqft
    2019-09-01 0 days 1,636 sqft
    2019-10-01 0 days 1,631 sqft
    2019-11-01 0 days 1,623 sqft
    2019-12-01 0 days 1,652 sqft
    2020-01-01 0 days 1,675 sqft
    2020-02-01 0 days 1,653 sqft
    2020-03-01 0 days 1,637 sqft
    2020-04-01 0 days 1,593 sqft
    2020-05-01 0 days 1,594 sqft
    2020-06-01 0 days 1,572 sqft
    2020-07-01 0 days 1,599 sqft
    2020-08-01 0 days 1,563 sqft
    2020-09-01 0 days 1,575 sqft
    2020-10-01 0 days 1,574 sqft
    2020-11-01 0 days 1,570 sqft
    2020-12-01 0 days 1,571 sqft
    2021-01-01 0 days 1,569 sqft
    2021-02-01 0 days 1,569 sqft
    2021-03-01 0 days 1,618 sqft
    2021-04-01 0 days 1,589 sqft
    2021-05-01 0 days 1,599 sqft
    2021-06-01 0 days 1,582 sqft
    2021-07-01 0 days 1,630 sqft
    2021-08-01 0 days 1,647 sqft
    2021-09-01 0 days 1,641 sqft
    2021-10-01 0 days 1,592 sqft
    2021-11-01 0 days 1,641 sqft
    2021-12-01 0 days 1,628 sqft
    2022-01-01 0 days 1,642 sqft
    2022-02-01 0 days 1,623 sqft
    2022-03-01 0 days 1,624 sqft
    2022-04-01 0 days 1,590 sqft
    2022-05-01 0 days 1,546 sqft
    2022-06-01 0 days 1,572 sqft
    2022-07-01 0 days 1,534 sqft
    2022-08-01 0 days 1,564 sqft
    2022-09-01 0 days 1,585 sqft
    2022-10-01 0 days 1,583 sqft
    2022-11-01 0 days 1,583 sqft
    Sebring's median listing age (time on market) for 2022-11-01 was 0 days.

    Sebring's median square footage for active listings during the 2022-11-01 period was 1,583 sqft. One year prior, the average listing was 1,641 sqft.