Sebring USDA Loan Rates, Closing Costs & Stats

SEBRING-AVON PARK, 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.

Sebring's 10 lenders originated 63 USDA loans during 2023. The total origination value was $13,375,000, with an average USDA loan value of $212,302.

Sebring USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Sebring averaged 6.91% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Sebring's average USDA mortgage closing costs are $5,732.

The average rate for the prior week (2024-05-10) was 6.75% and one month ago for the week of 2024-04-12, the average rate was 6.88%.

The average rate one year ago was 6.66%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.75%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
METROPLEX MORTGAGE SERVICES, INC. 41 6.68% $8,421
LEADERONE FINANCIAL CORPORATION 7 6.86% $8,328
UNITED WHOLESALE MORTGAGE, LLC 3 5.75% $12,824
PLAZA HOME MORTGAGE, INC. 2 6.50% $7,497
MOVEMENT MORTGAGE, LLC 1 6.75% $8,622
South State Bank 1 5.99% $6,914
MID AMERICA MORTGAGE, INC. 1 6.75% $8,172
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $8,690
Magnolia Bank 1 5.88% $8,463
ACADEMY MORTGAGE CORPORATION 1 6.38% $11,645

The top Sebring USDA lender as defined by loan originations is METROPLEX MORTGAGE SERVICES, INC., with 41 USDA loans originated. Their average total fees are $8,421, which is $93 higher than the next largest lender, LEADERONE FINANCIAL CORPORATION.

The lowest fee Sebring USDA lenders (with over 10 loans originated) are METROPLEX MORTGAGE SERVICES, INC. ($8,421), .

The lowest rate Sebring USDA lenders (with over 10 loans originated) are METROPLEX MORTGAGE SERVICES, INC. (6.68%), .


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 (1.6%) $206,309 (-5.6%) 0.00 550
2018-02-01 $179,450 (2.6%) $214,871 (-2.8%) 0.00 562
2018-03-01 $179,000 (2.6%) $217,322 (-1.1%) 0.00 537
2018-04-01 $175,675 (0.4%) $218,815 (-2.1%) 0.00 533
2018-05-01 $179,000 (2.3%) $223,195 (-0.4%) 0.00 512
2018-06-01 $186,500 (4.3%) $231,946 (2.4%) 0.00 497
2018-07-01 $193,350 (13.8%) $240,071 (8.8%) 0.00 504
2018-08-01 $188,500 (11.4%) $232,906 (7.9%) 0.00 523
2018-09-01 $185,000 (5.8%) $222,439 (2.0%) 0.00 564
2018-10-01 $179,950 (5.2%) $221,921 (2.7%) 0.00 577
2018-11-01 $184,950 (5.8%) $233,047 (8.8%) 0.00 595
2018-12-01 $186,000 (9.5%) $238,600 (15.9%) 0.00 660
2019-01-01 $185,450 (6.0%) $238,202 (15.5%) 0.00 653
2019-02-01 $184,950 (3.1%) $240,888 (12.1%) 0.00 683
2019-03-01 $184,943 (3.3%) $237,751 (9.4%) 0.00 670
2019-04-01 $186,000 (5.9%) $237,401 (8.5%) 0.00 631
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 (3.9%) 0.00 528
2019-10-01 $179,900 (0.0%) $231,339 (4.2%) 0.00 538
2019-11-01 $184,900 (0.0%) $230,672 (-1.0%) 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 (2.7%) 0.00 515
2020-02-01 $191,947 (3.8%) $237,999 (-1.2%) 0.00 536
2020-03-01 $194,925 (5.4%) $238,920 (0.5%) 0.00 546
2020-04-01 $185,000 (-0.5%) $229,218 (-3.5%) 0.00 533
2020-05-01 $185,000 (0.0%) $229,652 (-2.5%) 0.00 471
2020-06-01 $182,313 (-3.5%) $228,868 (-1.9%) 0.00 431
2020-07-01 $187,750 (0.8%) $225,263 (-2.7%) 0.00 376
2020-08-01 $194,900 (5.1%) $234,392 (1.5%) 0.00 340
2020-09-01 $197,725 (8.5%) $240,907 (4.2%) 0.00 308
2020-10-01 $185,450 (3.1%) $236,656 (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 (11.3%) $267,155 (11.8%) 0.00 262
2021-04-01 $208,675 (12.8%) $285,775 (24.7%) 0.00 208
2021-05-01 $224,950 (21.6%) $296,262 (29.0%) 0.00 197
2021-06-01 $224,950 (23.4%) $4,352,803 (1,801.9%) 0.00 196
2021-07-01 $234,900 (25.1%) $3,840,152 (1,604.7%) 0.00 238
2021-08-01 $249,925 (28.2%) $319,245 (36.2%) 0.00 256
2021-09-01 $252,450 (27.7%) $319,617 (32.7%) 0.00 246
2021-10-01 $249,900 (34.8%) $316,764 (33.9%) 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%) $344,225 (34.9%) 0.00 222
2022-02-01 $276,175 (38.2%) $363,365 (42.4%) 0.00 212
2022-03-01 $284,950 (31.3%) $391,410 (46.5%) 0.00 210
2022-04-01 $279,900 (34.1%) $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 (11.7%) 0.00 382
2022-09-01 $298,555 (18.3%) $349,527 (9.4%) 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
2022-12-01 $283,900 (7.2%) $354,804 (4.5%) 0.00 447
2023-01-01 $283,569 (5.0%) $359,836 (4.5%) 0.00 482
2023-02-01 $286,875 (3.9%) $356,967 (-1.8%) 0.00 498
2023-03-01 $289,350 (1.5%) $359,738 (-8.1%) 0.00 485
2023-04-01 $295,000 (5.4%) $366,111 (-1.5%) 0.00 492
2023-05-01 $299,900 (4.5%) $360,680 (-3.8%) 0.00 493
2023-06-01 $301,026 (3.0%) $357,159 (-1.7%) 0.00 475
2023-07-01 $300,000 (3.6%) $363,357 (1.2%) 0.00 469
2023-08-01 $309,766 (4.2%) $362,018 (1.5%) 0.00 469
2023-09-01 $299,900 (0.5%) $354,329 (1.4%) 0.00 500
2023-10-01 $317,000 (6.0%) $373,308 (3.7%) 0.00 531
2023-11-01 $320,000 (9.9%) $389,256 (7.9%) 0.00 564
2023-12-01 $325,000 (14.5%) $378,879 (6.8%) 0.00 625
2024-01-01 $329,900 (16.3%) $379,076 (5.4%) 0.00 648
2024-02-01 $322,450 (12.4%) $367,682 (3.0%) 0.00 693
2024-03-01 $314,700 (8.8%) $360,148 (0.1%) 0.00 671
2024-04-01 $311,700 (5.7%) $361,028 (-1.4%) 0.00 678
Sebring's median listing price for 2024-04-01 was $311,700, a difference of $16,700 (5.7%) versus the prior year and $-3,000 versus the prior month.

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

Sebring's average listing price for 2024-04-01 was $361,028, a difference of $-5,083 (-1.4%) versus the prior year and $880 versus the prior month.

For the 2024-04-01 period, Sebring had 678 MLS listings, a difference of 7 listings (1%) versus the prior month and 186 listings (38%) 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 2,241 sqft
2018-02-01 0 days 2,272 sqft
2018-03-01 0 days 2,248 sqft
2018-04-01 0 days 2,236 sqft
2018-05-01 0 days 2,229 sqft
2018-06-01 0 days 2,244 sqft
2018-07-01 0 days 2,253 sqft
2018-08-01 0 days 2,237 sqft
2018-09-01 0 days 2,202 sqft
2018-10-01 0 days 2,225 sqft
2018-11-01 0 days 2,232 sqft
2018-12-01 0 days 1,640 sqft
2019-01-01 0 days 1,644 sqft
2019-02-01 0 days 1,647 sqft
2019-03-01 0 days 1,650 sqft
2019-04-01 0 days 1,655 sqft
2019-05-01 0 days 1,623 sqft
2019-06-01 0 days 1,650 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 1,630 sqft
2019-11-01 0 days 1,622 sqft
2019-12-01 0 days 1,652 sqft
2020-01-01 0 days 1,679 sqft
2020-02-01 0 days 1,655 sqft
2020-03-01 0 days 1,638 sqft
2020-04-01 0 days 1,595 sqft
2020-05-01 0 days 1,596 sqft
2020-06-01 0 days 1,574 sqft
2020-07-01 0 days 1,603 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 1,570 sqft
2021-01-01 0 days 1,568 sqft
2021-02-01 0 days 1,572 sqft
2021-03-01 0 days 1,619 sqft
2021-04-01 0 days 1,601 sqft
2021-05-01 0 days 1,600 sqft
2021-06-01 0 days 1,582 sqft
2021-07-01 0 days 1,630 sqft
2021-08-01 0 days 1,649 sqft
2021-09-01 0 days 1,642 sqft
2021-10-01 0 days 1,592 sqft
2021-11-01 0 days 1,641 sqft
2021-12-01 0 days 1,629 sqft
2022-01-01 0 days 1,644 sqft
2022-02-01 0 days 1,627 sqft
2022-03-01 0 days 1,625 sqft
2022-04-01 0 days 1,591 sqft
2022-05-01 0 days 1,551 sqft
2022-06-01 0 days 1,570 sqft
2022-07-01 0 days 1,525 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 1,581 sqft
2022-12-01 0 days 1,546 sqft
2023-01-01 0 days 1,536 sqft
2023-02-01 0 days 1,539 sqft
2023-03-01 0 days 1,539 sqft
2023-04-01 0 days 1,553 sqft
2023-05-01 0 days 1,566 sqft
2023-06-01 0 days 1,567 sqft
2023-07-01 0 days 1,569 sqft
2023-08-01 0 days 1,609 sqft
2023-09-01 0 days 1,633 sqft
2023-10-01 0 days 1,652 sqft
2023-11-01 0 days 1,662 sqft
2023-12-01 0 days 1,661 sqft
2024-01-01 0 days 1,665 sqft
2024-02-01 0 days 1,642 sqft
2024-03-01 0 days 1,620 sqft
2024-04-01 0 days 1,604 sqft
Sebring's median listing age (time on market) for 2024-04-01 was 0 days.

Sebring's median square footage for active listings during the 2024-04-01 period was 1,604 sqft. One year prior, the average listing was 1,553 sqft.