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 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.