The Villages USDA Loan Rates, Closing Costs & Stats
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 4 lenders originated 10 USDA loans during 2022. The total origination value was $1,830,000, with an average USDA loan value of $183,000.
The Villages USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in The Villages
averaged
6.04%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
The Villages's average USDA mortgage closing costs are $6,084.
The average rate for the prior week (2023-05-19) was
6.09% and
one month ago for the week of 2023-04-21, the
average rate was 5.79%.
The average rate one year ago was 4.81%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.08%.
The Villages 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 The Villages level.
| Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| METROPLEX MORTGAGE SERVICES, INC. | 4 | 3.22% | $6,151 |
| SUCCESS MORTGAGE PARTNERS, INC. | 4 | 4.97% | $11,640 |
| Flagstar Bank, FSB | 1 | 3.89% | $4,245 |
| Waterstone Mortgage Corporation | 1 | 6.00% | $9,443 |
The top The Villages USDA lender as defined by loan originations is METROPLEX MORTGAGE SERVICES, INC., with
4 USDA loans originated. Their average total fees are
$6,151, which is $5,489
lower than the next largest lender,
SUCCESS MORTGAGE PARTNERS, INC..
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 | $262,049 (5.2%) | $342,427 (8.7%) | 0.97 | 341 |
| 2018-02-01 | $259,900 (4.0%) | $349,828 (12.3%) | 0.95 | 351 |
| 2018-03-01 | $274,950 (10.2%) | $367,858 (18.5%) | 0.96 | 346 |
| 2018-04-01 | $269,724 (7.9%) | $381,518 (21.2%) | 0.91 | 335 |
| 2018-05-01 | $276,375 (10.6%) | $381,578 (17.8%) | 0.92 | 375 |
| 2018-06-01 | $274,900 (10.3%) | $380,131 (18.9%) | 0.92 | 352 |
| 2018-07-01 | $267,000 (6.8%) | $373,582 (14.1%) | 0.89 | 344 |
| 2018-08-01 | $269,000 (2.1%) | $391,037 (17.6%) | 0.90 | 342 |
| 2018-09-01 | $259,800 (-2.3%) | $366,910 (8.8%) | 0.87 | 349 |
| 2018-10-01 | $258,350 (-4.5%) | $373,714 (8.9%) | 0.88 | 354 |
| 2018-11-01 | $263,000 (-2.6%) | $366,705 (5.9%) | 0.89 | 371 |
| 2018-12-01 | $274,500 (5.6%) | $375,728 (12.5%) | 0.95 | 404 |
| 2019-01-01 | $267,624 (2.1%) | $359,391 (5.0%) | 0.92 | 406 |
| 2019-02-01 | $260,574 (0.3%) | $351,510 (0.5%) | 0.88 | 405 |
| 2019-03-01 | $259,900 (-5.5%) | $340,171 (-7.5%) | 0.87 | 407 |
| 2019-04-01 | $259,670 (-3.7%) | $346,444 (-9.2%) | 0.82 | 398 |
| 2019-05-01 | $269,575 (-2.5%) | $346,906 (-9.1%) | 0.84 | 375 |
| 2019-06-01 | $270,000 (-1.8%) | $350,355 (-7.8%) | 0.84 | 352 |
| 2019-07-01 | $272,450 (2.0%) | $322,387 (-13.7%) | 0.85 | 322 |
| 2019-08-01 | $277,000 (3.0%) | $328,293 (-16.1%) | 0.87 | 329 |
| 2019-09-01 | $279,950 (7.8%) | $333,883 (-9.0%) | 0.88 | 270 |
| 2019-10-01 | $292,200 (13.1%) | $336,320 (-10.0%) | 0.94 | 296 |
| 2019-11-01 | $289,900 (10.2%) | $348,575 (-4.9%) | 0.95 | 307 |
| 2019-12-01 | $289,900 (5.6%) | $336,898 (-10.3%) | 0.97 | 307 |
| 2020-01-01 | $293,125 (9.5%) | $344,111 (-4.3%) | 0.98 | 344 |
| 2020-02-01 | $299,900 (15.1%) | $349,115 (-0.7%) | 0.98 | 369 |
| 2020-03-01 | $299,950 (15.4%) | $351,248 (3.3%) | 0.94 | 384 |
| 2020-04-01 | $297,000 (14.4%) | $351,218 (1.4%) | 0.93 | 428 |
| 2020-05-01 | $295,000 (9.4%) | $345,938 (-0.3%) | 0.90 | 434 |
| 2020-06-01 | $296,950 (10.0%) | $347,885 (-0.7%) | 0.87 | 440 |
| 2020-07-01 | $289,800 (6.4%) | $345,464 (7.2%) | 0.84 | 459 |
| 2020-08-01 | $299,900 (8.3%) | $361,265 (10.0%) | 0.86 | 456 |
| 2020-09-01 | $304,175 (8.7%) | $366,516 (9.8%) | 0.87 | 448 |
| 2020-10-01 | $299,124 (2.4%) | $364,276 (8.3%) | 0.86 | 473 |
| 2020-11-01 | $294,900 (1.7%) | $358,737 (2.9%) | 0.86 | 464 |
| 2020-12-01 | $289,410 (-0.2%) | $348,952 (3.6%) | 0.86 | 437 |
| 2021-01-01 | $298,900 (2.0%) | $352,201 (2.4%) | 0.89 | 382 |
| 2021-02-01 | $299,925 (0.0%) | $356,846 (2.2%) | 0.87 | 301 |
| 2021-03-01 | $307,950 (2.7%) | $373,571 (6.4%) | 0.87 | 254 |
| 2021-04-01 | $315,725 (6.3%) | $377,177 (7.4%) | 0.85 | 205 |
| 2021-05-01 | $335,000 (13.6%) | $410,343 (18.6%) | 0.89 | 161 |
| 2021-06-01 | $342,450 (15.3%) | $460,848 (32.5%) | 0.90 | 126 |
| 2021-07-01 | $360,000 (24.2%) | $449,490 (30.1%) | 0.95 | 142 |
| 2021-08-01 | $362,475 (20.9%) | $469,527 (30.0%) | 0.97 | 155 |
| 2021-09-01 | $361,225 (18.8%) | $488,773 (33.4%) | 0.96 | 165 |
| 2021-10-01 | $359,900 (20.3%) | $478,679 (31.4%) | 0.96 | 177 |
| 2021-11-01 | $364,413 (23.6%) | $501,242 (39.7%) | 0.97 | 152 |
| 2021-12-01 | $383,725 (32.6%) | $506,228 (45.1%) | 1.04 | 154 |
| 2022-01-01 | $395,000 (32.2%) | $501,757 (42.5%) | 1.07 | 140 |
| 2022-02-01 | $410,000 (36.7%) | $505,831 (41.8%) | 1.07 | 141 |
| 2022-03-01 | $432,438 (40.4%) | $541,865 (45.1%) | 1.08 | 165 |
| 2022-04-01 | $429,900 (36.2%) | $547,594 (45.2%) | 1.02 | 174 |
| 2022-05-01 | $422,473 (26.1%) | $536,871 (30.8%) | 0.97 | 209 |
| 2022-06-01 | $426,000 (24.4%) | $512,167 (11.1%) | 0.95 | 271 |
| 2022-07-01 | $425,000 (18.1%) | $510,721 (13.6%) | 0.96 | 318 |
| 2022-08-01 | $417,475 (15.2%) | $503,737 (7.3%) | 0.96 | 320 |
| 2022-09-01 | $418,225 (15.8%) | $506,829 (3.7%) | 0.98 | 337 |
| 2022-10-01 | $409,000 (13.6%) | $489,682 (2.3%) | 0.96 | 377 |
| 2022-11-01 | $405,125 (11.2%) | $489,445 (-2.4%) | 0.97 | 395 |
| 2022-12-01 | $419,000 (9.2%) | $489,009 (-3.4%) | 1.03 | 408 |
| 2023-01-01 | $421,725 (6.8%) | $492,131 (-1.9%) | 1.04 | 385 |
| 2023-02-01 | $420,000 (2.4%) | $486,230 (-3.9%) | 1.01 | 398 |
| 2023-03-01 | $419,950 (-2.9%) | $487,791 (-10.0%) | 0.99 | 399 |
| 2023-04-01 | $399,900 (-7.0%) | $468,690 (-14.4%) | 0.93 | 416 |
The Villages's median listing price comes in at 93% of the national average.
The Villages's average listing price for 2023-04-01 was $468,690, a difference of $-78,904 (-14.4%) versus the prior year and $-19,101 versus the prior month.
For the 2023-04-01 period, The Villages had 416 MLS listings, a difference of 17 listings (4%) versus the prior month and 242 listings (139%) 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 | 75 days | 1,709 sqft |
| 2018-02-01 | 72 days | 1,755 sqft |
| 2018-03-01 | 57 days | 1,857 sqft |
| 2018-04-01 | 59 days | 1,826 sqft |
| 2018-05-01 | 56 days | 1,846 sqft |
| 2018-06-01 | 60 days | 1,806 sqft |
| 2018-07-01 | 72 days | 1,775 sqft |
| 2018-08-01 | 71 days | 1,768 sqft |
| 2018-09-01 | 66 days | 1,672 sqft |
| 2018-10-01 | 64 days | 1,672 sqft |
| 2018-11-01 | 72 days | 1,726 sqft |
| 2018-12-01 | 73 days | 1,795 sqft |
| 2019-01-01 | 73 days | 1,795 sqft |
| 2019-02-01 | 69 days | 1,740 sqft |
| 2019-03-01 | 63 days | 1,710 sqft |
| 2019-04-01 | 68 days | 1,684 sqft |
| 2019-05-01 | 70 days | 1,648 sqft |
| 2019-06-01 | 68 days | 1,648 sqft |
| 2019-07-01 | 58 days | 1,624 sqft |
| 2019-08-01 | 65 days | 1,672 sqft |
| 2019-09-01 | 74 days | 1,685 sqft |
| 2019-10-01 | 67 days | 1,688 sqft |
| 2019-11-01 | 54 days | 1,657 sqft |
| 2019-12-01 | 59 days | 1,652 sqft |
| 2020-01-01 | 56 days | 1,673 sqft |
| 2020-02-01 | 50 days | 1,656 sqft |
| 2020-03-01 | 50 days | 1,728 sqft |
| 2020-04-01 | 56 days | 1,725 sqft |
| 2020-05-01 | 62 days | 1,685 sqft |
| 2020-06-01 | 71 days | 1,673 sqft |
| 2020-07-01 | 62 days | 1,673 sqft |
| 2020-08-01 | 59 days | 1,736 sqft |
| 2020-09-01 | 56 days | 1,757 sqft |
| 2020-10-01 | 57 days | 1,715 sqft |
| 2020-11-01 | 50 days | 1,673 sqft |
| 2020-12-01 | 57 days | 1,661 sqft |
| 2021-01-01 | 65 days | 1,673 sqft |
| 2021-02-01 | 55 days | 1,673 sqft |
| 2021-03-01 | 48 days | 1,649 sqft |
| 2021-04-01 | 46 days | 1,640 sqft |
| 2021-05-01 | 39 days | 1,673 sqft |
| 2021-06-01 | 40 days | 1,713 sqft |
| 2021-07-01 | 42 days | 1,760 sqft |
| 2021-08-01 | 41 days | 1,738 sqft |
| 2021-09-01 | 42 days | 1,742 sqft |
| 2021-10-01 | 41 days | 1,742 sqft |
| 2021-11-01 | 42 days | 1,751 sqft |
| 2021-12-01 | 59 days | 1,747 sqft |
| 2022-01-01 | 51 days | 1,736 sqft |
| 2022-02-01 | 39 days | 1,780 sqft |
| 2022-03-01 | 34 days | 1,753 sqft |
| 2022-04-01 | 34 days | 1,692 sqft |
| 2022-05-01 | 31 days | 1,690 sqft |
| 2022-06-01 | 31 days | 1,660 sqft |
| 2022-07-01 | 39 days | 1,617 sqft |
| 2022-08-01 | 43 days | 1,612 sqft |
| 2022-09-01 | 50 days | 1,650 sqft |
| 2022-10-01 | 54 days | 1,629 sqft |
| 2022-11-01 | 58 days | 1,672 sqft |
| 2022-12-01 | 61 days | 1,639 sqft |
| 2023-01-01 | 70 days | 1,640 sqft |
| 2023-02-01 | 65 days | 1,604 sqft |
| 2023-03-01 | 47 days | 1,648 sqft |
| 2023-04-01 | 47 days | 1,626 sqft |
The Villages's median square footage for active listings during the 2023-04-01 period was 1,626 sqft. One year prior, the average listing was 1,692 sqft.