Sebring USDA Loans

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 5.48% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-05-06) was 5.61% and one month ago for the week of 2022-04-08, the average rate was 5.17%.

    The average rate one year ago was 3.29%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.24%.

    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 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. Total Fees
    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 (0.0%) $206,836 (-5.3%) 0.00 558
    2018-02-01 $179,450 (2.6%) $214,400 (-2.8%) 0.00 569
    2018-03-01 $179,000 (2.3%) $220,611 (0.8%) 0.00 542
    2018-04-01 $176,400 (0.9%) $221,377 (-0.1%) 0.00 539
    2018-05-01 $179,900 (2.9%) $227,161 (1.9%) 0.00 519
    2018-06-01 $187,900 (5.6%) $235,727 (4.6%) 0.00 514
    2018-07-01 $198,300 (16.7%) $242,532 (10.2%) 0.00 530
    2018-08-01 $194,250 (14.6%) $235,905 (9.1%) 0.00 548
    2018-09-01 $188,500 (7.8%) $224,902 (3.5%) 0.00 590
    2018-10-01 $184,000 (7.5%) $226,082 (5.2%) 0.00 606
    2018-11-01 $189,000 (8.1%) $235,556 (10.0%) 0.00 625
    2018-12-01 $192,500 (13.2%) $241,403 (17.0%) 0.00 694
    2019-01-01 $187,450 (7.2%) $239,987 (16.0%) 0.00 671
    2019-02-01 $185,350 (3.3%) $243,444 (13.6%) 0.00 704
    2019-03-01 $183,857 (2.7%) $241,229 (9.4%) 0.00 693
    2019-04-01 $187,000 (6.0%) $239,076 (8.0%) 0.00 648
    2019-05-01 $186,250 (3.5%) $236,600 (4.2%) 0.00 619
    2019-06-01 $189,900 (1.1%) $235,284 (-0.2%) 0.00 551
    2019-07-01 $187,950 (-5.2%) $234,124 (-3.5%) 0.00 532
    2019-08-01 $185,100 (-4.7%) $232,294 (-1.5%) 0.00 583
    2019-09-01 $179,900 (-4.6%) $229,430 (2.0%) 0.00 596
    2019-10-01 $179,900 (-2.2%) $233,779 (3.4%) 0.00 550
    2019-11-01 $185,000 (-2.1%) $234,108 (-0.6%) 0.00 556
    2019-12-01 $189,950 (-1.3%) $241,407 (0.0%) 0.00 554
    2020-01-01 $194,950 (4.0%) $246,801 (2.8%) 0.00 522
    2020-02-01 $194,500 (4.9%) $240,189 (-1.3%) 0.00 544
    2020-03-01 $196,423 (6.8%) $240,409 (-0.3%) 0.00 554
    2020-04-01 $185,625 (-0.7%) $230,311 (-3.7%) 0.00 541
    2020-05-01 $185,000 (-0.7%) $231,766 (-2.0%) 0.00 477
    2020-06-01 $182,250 (-4.0%) $228,839 (-2.7%) 0.00 436
    2020-07-01 $186,950 (-0.5%) $228,657 (-2.3%) 0.00 381
    2020-08-01 $194,500 (5.1%) $235,486 (1.4%) 0.00 344
    2020-09-01 $199,000 (10.6%) $244,171 (6.4%) 0.00 312
    2020-10-01 $189,000 (5.1%) $238,678 (2.1%) 0.00 306
    2020-11-01 $199,350 (7.8%) $248,129 (6.0%) 0.00 295
    2020-12-01 $199,400 (5.0%) $252,038 (4.4%) 0.00 302
    2021-01-01 $199,000 (2.1%) $255,927 (3.7%) 0.00 308
    2021-02-01 $202,450 (4.1%) $259,067 (7.9%) 0.00 290
    2021-03-01 $217,450 (10.7%) $276,910 (15.2%) 0.00 264
    2021-04-01 $217,500 (17.2%) $309,681 (34.5%) 0.00 214
    2021-05-01 $229,000 (23.8%) $319,918 (38.0%) 0.00 204
    2021-06-01 $229,450 (25.9%) $2,237,591 (877.8%) 0.00 204
    2021-07-01 $237,450 (27.0%) $3,584,377 (1,467.6%) 0.00 246
    2021-08-01 $252,400 (29.8%) $328,054 (39.3%) 0.00 265
    2021-09-01 $256,950 (29.1%) $330,496 (35.4%) 0.00 256
    2021-10-01 $256,900 (35.9%) $327,812 (37.4%) 0.00 269
    2021-11-01 $270,000 (35.4%) $345,278 (39.2%) 0.00 253
    2021-12-01 $271,950 (36.4%) $350,654 (39.1%) 0.00 243
    2022-01-01 $275,000 (38.2%) $356,835 (39.4%) 0.00 230
    2022-02-01 $284,200 (40.4%) $389,871 (50.5%) 0.00 223
    2022-03-01 $287,000 (32.0%) $428,518 (54.8%) 0.00 217
    2022-04-01 $280,000 (28.7%) $401,845 (29.8%) 0.00 263
    Sebring's median listing price for 2022-04-01 was $280,000, a difference of $62,500 (28.7%) versus the prior year and $-7,000 versus the prior month.

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

    Sebring's average listing price for 2022-04-01 was $401,845, a difference of $92,164 (29.8%) versus the prior year and $-26,673 versus the prior month.

    For the 2022-04-01 period, Sebring had 263 MLS listings, a difference of 46 listings (21%) versus the prior month and 49 listings (23%) 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 2,229 sqft
    2018-02-01 0 days 2,270 sqft
    2018-03-01 0 days 2,255 sqft
    2018-04-01 0 days 2,241 sqft
    2018-05-01 0 days 2,229 sqft
    2018-06-01 0 days 2,249 sqft
    2018-07-01 0 days 2,244 sqft
    2018-08-01 0 days 2,220 sqft
    2018-09-01 0 days 2,194 sqft
    2018-10-01 0 days 2,202 sqft
    2018-11-01 0 days 2,221 sqft
    2018-12-01 0 days 1,648 sqft
    2019-01-01 0 days 1,648 sqft
    2019-02-01 0 days 1,648 sqft
    2019-03-01 0 days 1,651 sqft
    2019-04-01 0 days 1,657 sqft
    2019-05-01 0 days 1,629 sqft
    2019-06-01 0 days 1,657 sqft
    2019-07-01 0 days 1,649 sqft
    2019-08-01 0 days 1,645 sqft
    2019-09-01 0 days 1,626 sqft
    2019-10-01 0 days 1,625 sqft
    2019-11-01 0 days 1,626 sqft
    2019-12-01 0 days 1,653 sqft
    2020-01-01 0 days 1,687 sqft
    2020-02-01 0 days 1,651 sqft
    2020-03-01 0 days 1,641 sqft
    2020-04-01 0 days 1,594 sqft
    2020-05-01 0 days 1,606 sqft
    2020-06-01 0 days 1,584 sqft
    2020-07-01 0 days 1,604 sqft
    2020-08-01 0 days 1,563 sqft
    2020-09-01 0 days 1,564 sqft
    2020-10-01 0 days 1,565 sqft
    2020-11-01 0 days 1,569 sqft
    2020-12-01 0 days 1,567 sqft
    2021-01-01 0 days 1,565 sqft
    2021-02-01 0 days 1,570 sqft
    2021-03-01 0 days 1,625 sqft
    2021-04-01 0 days 1,610 sqft
    2021-05-01 0 days 1,623 sqft
    2021-06-01 0 days 1,614 sqft
    2021-07-01 0 days 1,674 sqft
    2021-08-01 0 days 1,668 sqft
    2021-09-01 0 days 1,656 sqft
    2021-10-01 0 days 1,600 sqft
    2021-11-01 0 days 1,651 sqft
    2021-12-01 0 days 1,637 sqft
    2022-01-01 0 days 1,654 sqft
    2022-02-01 0 days 1,659 sqft
    2022-03-01 0 days 1,638 sqft
    2022-04-01 0 days 1,615 sqft
    Sebring's median listing age (time on market) for 2022-04-01 was 0 days.

    Sebring's median square footage for active listings during the 2022-04-01 period was 1,615 sqft. One year prior, the average listing was 1,610 sqft.