Sebring USDA Loans

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 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.