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 5 USDA loans during 2023. The total origination value was $1,105,000, with an average USDA loan value of $221,000.

The Villages USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in The Villages averaged 7% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

The Villages's average USDA mortgage closing costs are $6,167.

The average rate for the prior week (2024-05-10) was 7.04% and one month ago for the week of 2024-04-12, the average rate was 6.57%.

The average rate one year ago was 6.25%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.55%.

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/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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Bell Bank 1 4.88% $14,412
Century Mortgage Company DBA Century Lending Company 1 6.99% $9,320
DHI MORTGAGE COMPANY, LTD. 1 4.99% $5,841
METROPLEX MORTGAGE SERVICES, INC. 1 6.50% $8,253

The top The Villages USDA lender as defined by loan originations is Bell Bank, with 1 USDA loans originated. Their average total fees are $14,412, which is $5,091 higher than the next largest lender, Century Mortgage Company DBA Century Lending Company.

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 $262,423 (5.4%) $342,731 (8.8%) 0.97 340
2018-02-01 $259,925 (4.0%) $350,017 (12.5%) 0.94 351
2018-03-01 $274,950 (10.2%) $367,858 (18.5%) 0.96 346
2018-04-01 $269,724 (7.9%) $381,518 (21.3%) 0.91 335
2018-05-01 $276,438 (10.6%) $381,832 (17.9%) 0.92 375
2018-06-01 $274,950 (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 (17.5%) 0.90 342
2018-09-01 $259,800 (-3.0%) $366,910 (8.8%) 0.87 349
2018-10-01 $258,350 (-5.1%) $373,714 (8.8%) 0.88 354
2018-11-01 $263,000 (-2.6%) $366,705 (5.8%) 0.89 371
2018-12-01 $274,500 (5.6%) $375,728 (12.4%) 0.95 404
2019-01-01 $267,624 (2.0%) $359,391 (4.9%) 0.92 406
2019-02-01 $260,574 (0.3%) $351,510 (0.4%) 0.88 405
2019-03-01 $260,708 (-5.2%) $349,358 (-5.0%) 0.85 395
2019-04-01 $260,080 (-3.6%) $347,421 (-8.9%) 0.83 398
2019-05-01 $269,575 (-2.5%) $346,906 (-9.2%) 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 $277,609 (3.2%) $322,227 (-17.6%) 0.88 321
2019-09-01 $284,523 (9.5%) $328,185 (-10.6%) 0.91 306
2019-10-01 $289,132 (11.9%) $332,987 (-10.9%) 0.93 298
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 $299,700 (15.0%) $348,589 (-0.8%) 0.98 369
2020-03-01 $299,950 (15.1%) $351,248 (0.5%) 0.94 384
2020-04-01 $297,000 (14.2%) $351,218 (1.1%) 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 $289,900 (6.4%) $345,464 (7.2%) 0.84 458
2020-08-01 $299,900 (8.0%) $361,028 (12.0%) 0.86 456
2020-09-01 $304,175 (6.9%) $366,516 (11.7%) 0.87 448
2020-10-01 $299,124 (3.5%) $364,276 (9.4%) 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 $299,900 (0.1%) $356,323 (2.2%) 0.87 301
2021-03-01 $307,950 (2.7%) $373,571 (6.4%) 0.87 254
2021-04-01 $314,675 (6.0%) $376,834 (7.3%) 0.85 205
2021-05-01 $335,000 (13.6%) $410,343 (18.6%) 0.89 161
2021-06-01 $339,450 (14.3%) $460,848 (32.5%) 0.89 126
2021-07-01 $360,000 (24.2%) $449,490 (30.1%) 0.95 142
2021-08-01 $362,475 (20.9%) $469,082 (29.9%) 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%) $504,945 (44.7%) 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 (42.0%) 1.07 141
2022-03-01 $429,975 (39.6%) $541,056 (44.8%) 1.08 165
2022-04-01 $429,900 (36.6%) $547,594 (45.3%) 1.02 174
2022-05-01 $419,950 (25.4%) $532,557 (29.8%) 0.96 209
2022-06-01 $424,925 (25.2%) $509,924 (10.7%) 0.95 271
2022-07-01 $424,900 (18.0%) $507,957 (13.0%) 0.96 318
2022-08-01 $416,950 (15.0%) $503,175 (7.3%) 0.96 320
2022-09-01 $419,450 (16.1%) $506,342 (3.6%) 0.98 336
2022-10-01 $405,000 (12.5%) $490,075 (2.4%) 0.95 377
2022-11-01 $405,100 (11.2%) $488,305 (-2.6%) 0.97 395
2022-12-01 $410,000 (6.9%) $488,736 (-3.2%) 1.01 409
2023-01-01 $421,000 (6.6%) $492,003 (-1.9%) 1.04 385
2023-02-01 $419,950 (2.4%) $485,598 (-4.0%) 1.01 398
2023-03-01 $419,950 (-2.3%) $487,409 (-9.9%) 0.99 399
2023-04-01 $399,900 (-7.0%) $467,900 (-14.6%) 0.93 416
2023-05-01 $399,375 (-4.9%) $468,402 (-12.1%) 0.91 414
2023-06-01 $397,450 (-6.5%) $470,274 (-7.8%) 0.89 427
2023-07-01 $399,900 (-5.9%) $470,940 (-7.3%) 0.91 402
2023-08-01 $401,192 (-3.8%) $484,568 (-3.7%) 0.92 384
2023-09-01 $398,950 (-4.9%) $487,086 (-3.8%) 0.93 367
2023-10-01 $399,900 (-1.3%) $491,546 (0.3%) 0.94 393
2023-11-01 $396,163 (-2.2%) $478,541 (-2.0%) 0.94 429
2023-12-01 $390,000 (-4.9%) $480,981 (-1.6%) 0.95 436
2024-01-01 $393,125 (-6.6%) $480,204 (-2.4%) 0.96 481
2024-02-01 $392,000 (-6.7%) $481,281 (-0.9%) 0.94 466
2024-03-01 $379,900 (-9.5%) $471,553 (-3.3%) 0.89 455
2024-04-01 $385,800 (-3.5%) $464,394 (-0.8%) 0.90 484
The Villages's median listing price for 2024-04-01 was $385,800, a difference of $-14,100 (-3.5%) versus the prior year and $5,900 versus the prior month.

The Villages's median listing price comes in at 90% of the national average.

The Villages's average listing price for 2024-04-01 was $464,394, a difference of $-3,506 (-0.8%) versus the prior year and $-7,159 versus the prior month.

For the 2024-04-01 period, The Villages had 484 MLS listings, a difference of 29 listings (6%) versus the prior month and 68 listings (16%) 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 69 days 1,712 sqft
2018-02-01 63 days 1,756 sqft
2018-03-01 52 days 1,857 sqft
2018-04-01 56 days 1,826 sqft
2018-05-01 52 days 1,846 sqft
2018-06-01 58 days 1,806 sqft
2018-07-01 67 days 1,775 sqft
2018-08-01 66 days 1,768 sqft
2018-09-01 60 days 1,672 sqft
2018-10-01 59 days 1,672 sqft
2018-11-01 67 days 1,726 sqft
2018-12-01 65 days 1,795 sqft
2019-01-01 68 days 1,795 sqft
2019-02-01 66 days 1,740 sqft
2019-03-01 59 days 1,762 sqft
2019-04-01 62 days 1,684 sqft
2019-05-01 67 days 1,653 sqft
2019-06-01 65 days 1,648 sqft
2019-07-01 57 days 1,624 sqft
2019-08-01 58 days 1,645 sqft
2019-09-01 61 days 1,677 sqft
2019-10-01 64 days 1,698 sqft
2019-11-01 53 days 1,657 sqft
2019-12-01 57 days 1,652 sqft
2020-01-01 55 days 1,673 sqft
2020-02-01 49 days 1,656 sqft
2020-03-01 47 days 1,728 sqft
2020-04-01 53 days 1,725 sqft
2020-05-01 60 days 1,685 sqft
2020-06-01 67 days 1,673 sqft
2020-07-01 57 days 1,673 sqft
2020-08-01 53 days 1,736 sqft
2020-09-01 52 days 1,757 sqft
2020-10-01 53 days 1,715 sqft
2020-11-01 48 days 1,673 sqft
2020-12-01 53 days 1,661 sqft
2021-01-01 63 days 1,673 sqft
2021-02-01 51 days 1,673 sqft
2021-03-01 44 days 1,649 sqft
2021-04-01 42 days 1,641 sqft
2021-05-01 36 days 1,673 sqft
2021-06-01 36 days 1,718 sqft
2021-07-01 41 days 1,760 sqft
2021-08-01 40 days 1,739 sqft
2021-09-01 41 days 1,742 sqft
2021-10-01 39 days 1,742 sqft
2021-11-01 40 days 1,751 sqft
2021-12-01 57 days 1,746 sqft
2022-01-01 50 days 1,736 sqft
2022-02-01 35 days 1,780 sqft
2022-03-01 33 days 1,748 sqft
2022-04-01 33 days 1,692 sqft
2022-05-01 30 days 1,690 sqft
2022-06-01 30 days 1,670 sqft
2022-07-01 37 days 1,628 sqft
2022-08-01 41 days 1,613 sqft
2022-09-01 49 days 1,656 sqft
2022-10-01 52 days 1,624 sqft
2022-11-01 56 days 1,670 sqft
2022-12-01 60 days 1,639 sqft
2023-01-01 66 days 1,642 sqft
2023-02-01 64 days 1,608 sqft
2023-03-01 46 days 1,646 sqft
2023-04-01 45 days 1,626 sqft
2023-05-01 43 days 1,606 sqft
2023-06-01 44 days 1,618 sqft
2023-07-01 54 days 1,641 sqft
2023-08-01 62 days 1,644 sqft
2023-09-01 61 days 1,641 sqft
2023-10-01 56 days 1,610 sqft
2023-11-01 49 days 1,559 sqft
2023-12-01 56 days 1,559 sqft
2024-01-01 60 days 1,582 sqft
2024-02-01 55 days 1,607 sqft
2024-03-01 53 days 1,560 sqft
2024-04-01 50 days 1,576 sqft
The Villages's median listing age (time on market) for 2024-04-01 was 50 days. This is 11% longer than the same period one year ago.

The Villages's median square footage for active listings during the 2024-04-01 period was 1,576 sqft. One year prior, the average listing was 1,626 sqft.