The Villages USDA Loans

THE VILLAGES, 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.

The Villages's 23 lenders originated 38 USDA loans during 2021. The total origination value was $7,990,000, with an average USDA loan value of $210,263.

The Villages USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in The Villages averaged 5.3% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.52% and one month ago for the week of 2022-07-01, the average rate was 5.66%.

The average rate one year ago was 3.04%.

For refis of the same type during the week of 2022-08-05, the average rate was 4.98%.

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

The Villages 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 The Villages level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
SUCCESS MORTGAGE PARTNERS, INC. 4 3.38% $7,036
HOME POINT FINANCIAL CORPORATION 4 2.75% $5,269
METROPLEX MORTGAGE SERVICES, INC. 4 2.81% $6,491
BROKER SOLUTIONS, INC. 2 3.38% $5,646
DHI MORTGAGE COMPANY, LTD. 2 2.99% $5,613
Paramount Residential Mortgage Group, Inc. 2 2.88% $5,854
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $5,342
FIDELITY FUNDING MORTGAGE CORP. 1 2.75% $3,525
FIRST ALLIANCE HOME MORTGAGE, LLC 1 3.88% $7,564
Flagstar Bank, FSB 1 3.00% $4,667
Goldwater Bank, N.A. 1 2.88% $8,608
HAMILTON HOME LOANS, INC. 1 2.75% $5,133
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.75% $9,948
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.88% $5,161
NATIONS DIRECT MORTGAGE, LLC 1 3.75% $8,742
Synovus Bank 1 3.50% $8,307
AMERICAN FINANCIAL NETWORK, INC. 1 2.38% $9,729
UNION HOME MORTGAGE CORP. 1 3.25% $5,621
Ameris Bank 1 2.63% $5,730
CALIBER HOME LOANS, INC. 1 3.25% $5,819
Carrington Mortgage Services, LLC 1 4.13% $5,153
Commerce Home Mortgage, Inc. 1 2.75% $10,343
Equity Prime Mortgage LLC 1 3.25% $5,854

The top The Villages USDA lender as defined by loan originations is SUCCESS MORTGAGE PARTNERS, INC., with 4 USDA loans originated. Their average total fees are $7,036, which is $1,767 higher than the next largest lender, HOME POINT FINANCIAL CORPORATION.

The lowest fee The Villages USDA lenders (with over 10 loans originated) are .

The lowest rate The Villages USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - The Villages (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 $262,300 (7.2%) $331,813 (7.7%) 0.97 486
2018-02-01 $266,250 (6.5%) $342,226 (12.6%) 0.96 488
2018-03-01 $275,000 (11.2%) $352,687 (15.7%) 0.95 479
2018-04-01 $269,750 (7.9%) $367,595 (18.5%) 0.91 452
2018-05-01 $267,500 (7.0%) $366,253 (13.9%) 0.89 495
2018-06-01 $267,500 (7.1%) $365,009 (15.3%) 0.89 453
2018-07-01 $259,000 (-0.2%) $354,877 (9.0%) 0.86 447
2018-08-01 $259,745 (0.1%) $365,942 (12.6%) 0.87 448
2018-09-01 $256,500 (-3.2%) $348,425 (4.9%) 0.86 450
2018-10-01 $254,450 (-2.5%) $352,148 (4.5%) 0.85 462
2018-11-01 $259,450 (-3.1%) $347,463 (2.0%) 0.87 476
2018-12-01 $269,900 (3.9%) $360,138 (9.6%) 0.92 509
2019-01-01 $267,114 (1.8%) $351,158 (5.8%) 0.92 508
2019-02-01 $264,574 (-0.6%) $345,877 (1.1%) 0.89 509
2019-03-01 $262,757 (-4.5%) $341,978 (-3.0%) 0.86 493
2019-04-01 $260,257 (-3.5%) $338,878 (-7.8%) 0.82 484
2019-05-01 $265,000 (-0.9%) $339,892 (-7.2%) 0.82 472
2019-06-01 $269,900 (0.9%) $338,968 (-7.1%) 0.83 450
2019-07-01 $269,900 (4.2%) $318,639 (-10.2%) 0.84 430
2019-08-01 $269,939 (3.9%) $323,018 (-11.7%) 0.85 427
2019-09-01 $272,445 (6.2%) $328,046 (-5.9%) 0.87 413
2019-10-01 $282,500 (11.0%) $333,065 (-5.4%) 0.90 399
2019-11-01 $289,990 (11.8%) $346,564 (-0.3%) 0.94 409
2019-12-01 $287,000 (6.3%) $333,020 (-7.5%) 0.96 409
2020-01-01 $289,900 (8.5%) $339,934 (-3.2%) 0.97 423
2020-02-01 $299,900 (13.4%) $348,721 (0.8%) 0.97 455
2020-03-01 $304,975 (16.1%) $351,887 (2.9%) 0.95 412
2020-04-01 $299,500 (15.1%) $351,086 (3.6%) 0.93 451
2020-05-01 $299,900 (13.2%) $349,051 (2.7%) 0.91 468
2020-06-01 $299,945 (11.1%) $351,835 (3.8%) 0.88 469
2020-07-01 $291,000 (7.8%) $348,557 (9.4%) 0.83 476
2020-08-01 $301,900 (11.8%) $361,759 (12.0%) 0.86 477
2020-09-01 $307,400 (12.8%) $366,184 (11.6%) 0.88 467
2020-10-01 $299,900 (6.2%) $366,953 (10.2%) 0.86 476
2020-11-01 $299,950 (3.4%) $366,086 (5.6%) 0.86 474
2020-12-01 $302,450 (5.4%) $358,185 (7.6%) 0.89 446
2021-01-01 $314,900 (8.6%) $357,777 (5.3%) 0.93 407
2021-02-01 $307,000 (2.4%) $355,430 (1.9%) 0.88 329
2021-03-01 $309,950 (1.6%) $373,375 (6.1%) 0.87 266
2021-04-01 $321,950 (7.5%) $378,477 (7.8%) 0.87 212
2021-05-01 $325,000 (8.4%) $418,069 (19.8%) 0.86 173
2021-06-01 $329,950 (10.0%) $457,908 (30.2%) 0.86 140
2021-07-01 $357,450 (22.8%) $460,132 (32.0%) 0.93 151
2021-08-01 $362,450 (20.1%) $472,390 (30.6%) 0.95 167
2021-09-01 $363,950 (18.4%) $491,660 (34.3%) 0.96 179
2021-10-01 $378,000 (26.0%) $490,146 (33.6%) 0.99 184
2021-11-01 $368,450 (22.8%) $506,492 (38.4%) 0.97 160
2021-12-01 $379,750 (25.6%) $511,196 (42.7%) 1.01 155
2022-01-01 $385,000 (22.3%) $503,361 (40.7%) 1.03 144
2022-02-01 $410,000 (33.6%) $500,004 (40.7%) 1.04 151
2022-03-01 $427,000 (37.8%) $532,948 (42.7%) 1.05 174
2022-04-01 $425,000 (32.0%) $541,612 (43.1%) 1.00 188
2022-05-01 $424,950 (30.8%) $536,291 (28.3%) 0.95 214
2022-06-01 $422,450 (28.0%) $508,135 (11.0%) 0.94 278
The Villages's median listing price for 2022-06-01 was $422,450, a difference of $92,500 (28.0%) versus the prior year and $-2,500 versus the prior month.

The Villages's median listing price comes in at 94% of the national average.

The Villages's average listing price for 2022-06-01 was $508,135, a difference of $50,227 (11.0%) versus the prior year and $-28,156 versus the prior month.

For the 2022-06-01 period, The Villages had 278 MLS listings, a difference of 64 listings (30%) versus the prior month and 138 listings (99%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - The Villages (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 73 days 1,712 sqft
2018-02-01 74 days 1,835 sqft
2018-03-01 58 days 1,863 sqft
2018-04-01 62 days 1,829 sqft
2018-05-01 58 days 1,828 sqft
2018-06-01 65 days 1,742 sqft
2018-07-01 72 days 1,704 sqft
2018-08-01 62 days 1,704 sqft
2018-09-01 59 days 1,670 sqft
2018-10-01 58 days 1,663 sqft
2018-11-01 70 days 1,713 sqft
2018-12-01 73 days 1,800 sqft
2019-01-01 69 days 1,828 sqft
2019-02-01 66 days 1,815 sqft
2019-03-01 57 days 1,778 sqft
2019-04-01 63 days 1,707 sqft
2019-05-01 64 days 1,662 sqft
2019-06-01 64 days 1,624 sqft
2019-07-01 57 days 1,617 sqft
2019-08-01 59 days 1,629 sqft
2019-09-01 60 days 1,639 sqft
2019-10-01 62 days 1,697 sqft
2019-11-01 58 days 1,700 sqft
2019-12-01 61 days 1,655 sqft
2020-01-01 64 days 1,667 sqft
2020-02-01 50 days 1,673 sqft
2020-03-01 48 days 1,740 sqft
2020-04-01 55 days 1,734 sqft
2020-05-01 64 days 1,687 sqft
2020-06-01 70 days 1,700 sqft
2020-07-01 63 days 1,673 sqft
2020-08-01 60 days 1,727 sqft
2020-09-01 58 days 1,745 sqft
2020-10-01 57 days 1,752 sqft
2020-11-01 51 days 1,748 sqft
2020-12-01 57 days 1,692 sqft
2021-01-01 63 days 1,704 sqft
2021-02-01 54 days 1,679 sqft
2021-03-01 51 days 1,679 sqft
2021-04-01 48 days 1,663 sqft
2021-05-01 42 days 1,676 sqft
2021-06-01 41 days 1,688 sqft
2021-07-01 42 days 1,763 sqft
2021-08-01 43 days 1,739 sqft
2021-09-01 43 days 1,747 sqft
2021-10-01 45 days 1,758 sqft
2021-11-01 46 days 1,766 sqft
2021-12-01 48 days 1,744 sqft
2022-01-01 52 days 1,736 sqft
2022-02-01 42 days 1,741 sqft
2022-03-01 36 days 1,759 sqft
2022-04-01 38 days 1,667 sqft
2022-05-01 33 days 1,672 sqft
2022-06-01 36 days 1,656 sqft
The Villages's median listing age (time on market) for 2022-06-01 was 36 days. This is -13% shorter than the same period one year ago.

The Villages's median square footage for active listings during the 2022-06-01 period was 1,656 sqft. One year prior, the average listing was 1,688 sqft.