Florida USDA Loan Rates, Closing Costs & Stats

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    • 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.

    Florida USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Florida averaged 6.17% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

    Florida's average USDA mortgage closing costs are $5,937.

    The average rate for the prior week (2023-01-20) was 6.46% and one month ago for the week of 2022-12-23, the average rate was 6.59%.

    The average rate one year ago was 4.04%.

    For refis of the same type during the week of 2023-01-27, the average rate was 6.2%.

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

    Florida 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 Florida level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 131 2.68% $5,917
    METROPLEX MORTGAGE SERVICES, INC. 121 2.85% $6,393
    AMERICAN FINANCIAL NETWORK, INC. 119 3.15% $9,934
    CALIBER HOME LOANS, INC. 116 2.85% $6,953
    FBC MORTGAGE, LLC 111 2.91% $7,102
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 108 3.18% $6,490
    LOANDEPOT.COM, LLC 108 3.16% $7,020
    UNIVERSITY LENDING GROUP, LLC 87 2.94% $5,807
    CROSSCOUNTRY MORTGAGE, LLC 86 3.06% $6,992
    HOME SOLUTION LENDERS INC. 82 2.66% $6,583
    AMERIFIRST FINANCIAL CORPORATION 80 3.30% $7,156
    HOMEBRIDGE FINANCIAL SERVICES, INC. 80 2.93% $7,883
    SUCCESS MORTGAGE PARTNERS, INC. 77 3.16% $6,969
    THE MORTGAGE FIRM, INC. 77 3.00% $5,891
    MOVEMENT MORTGAGE, LLC 75 2.91% $6,460
    CELEBRITY HOME LOANS, LLC 67 3.10% $5,599
    HOME POINT FINANCIAL CORPORATION 64 2.95% $6,272
    UNITED WHOLESALE MORTGAGE, LLC 61 2.90% $6,224
    Paramount Residential Mortgage Group, Inc. 60 2.98% $6,315
    UNION HOME MORTGAGE CORP. 59 2.78% $5,339
    NVR Mortgage Finance, Inc. 55 2.95% $8,929
    PRIMARY RESIDENTIAL MORTGAGE, INC. 52 3.16% $6,632
    AMERICAN PACIFIC MORTGAGE CORPORATION 49 2.94% $6,048
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 44 3.03% $7,424
    Ameris Bank 40 2.86% $5,510
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 40 3.11% $6,148
    Plains Commerce Bank 40 2.86% $6,802
    NTFN, INC. 40 2.91% $6,094
    Mortgage Lenders Investment Trading Corporation 40 3.28% $7,278
    Carrington Mortgage Services, LLC 38 3.29% $6,127
    PENNYMAC LOAN SERVICES, LLC 37 2.89% $5,918
    Capital City Home Loans, LLC 34 2.72% $5,776
    Flagstar Bank, FSB 31 2.74% $5,564
    Waterstone Mortgage Corporation 31 3.19% $6,880
    First Federal Bank 29 3.19% $5,872
    GUARANTEED RATE, INC. 28 3.04% $7,043
    Hometown Lenders, Inc. 28 3.19% $6,823
    Colten Mortgage, LLC 28 2.86% $4,815
    BROKER SOLUTIONS, INC. 27 3.19% $6,199
    South State Bank 26 2.60% $5,343
    Bank of England 26 2.90% $6,600
    PRIMELENDING, A PLAINSCAPITAL COMPANY 26 3.26% $5,904
    HAMILTON HOME LOANS, INC. 26 3.02% $5,772
    First Guaranty Mortgage Corporation 25 3.09% $8,705
    Trustmark National Bank 25 2.80% $5,766
    NATIONS RELIABLE LENDING, LLC 24 3.17% $6,616
    KBHS HOME LOANS, LLC 23 3.05% $9,287
    Centennial Bank 23 3.01% $5,840
    EAGLE HOME MORTGAGE, LLC 23 3.31% $6,959
    INLANTA MORTGAGE, INC. 20 3.12% $5,914
    Ixonia Bank 19 3.03% $6,927
    FIDELITY FUNDING MORTGAGE CORP. 18 2.78% $5,815
    PLAZA HOME MORTGAGE, INC. 18 3.29% $6,676
    Christensen Financial, Inc. 17 3.03% $7,789
    PULTE MORTGAGE LLC 17 2.93% $3,479
    Synovus Bank 17 2.92% $7,305
    OPEN MORTGAGE, LLC 17 2.79% $6,092
    Truist 16 2.70% $5,559
    MORTGAGE FINANCIAL GROUP, INC. 15 2.87% $9,208
    NEWREZ LLC 15 2.99% $6,047
    DELMAR FINANCIAL COMPANY 15 2.98% $6,714
    AMERICAN FINANCIAL RESOURCES, INC. 15 3.02% $5,669
    Equity Prime Mortgage LLC 14 3.29% $6,858
    CALCON MUTUAL MORTGAGE LLC 14 3.54% $7,306
    ENVOY MORTGAGE, LTD 14 3.27% $6,970
    GMFS LLC 14 2.57% $5,275
    HOMEAMERICAN MORTGAGE CORPORATION 13 2.46% $3,212
    Citizens Bank 13 3.05% $5,541
    CRESCENT MORTGAGE COMPANY 12 2.80% $5,747
    HOMESTAR FINANCIAL CORPORATION 12 3.19% $4,474
    EMBRACE HOME LOANS, INC. 11 2.72% $5,708
    Hometown Equity Mortgage, LLC 11 3.00% $6,165
    MORTGAGE ONE OF THE SOUTH, INC. 11 2.56% $5,113
    ACADEMY MORTGAGE CORPORATION 11 3.15% $6,679
    CMG MORTGAGE, INC. 11 2.94% $7,768
    SIGNATURE MORTGAGE CORPORATION 11 3.09% $6,962
    FREEDOM MORTGAGE CORPORATION 10 2.99% $7,274
    ABSOLUTE HOME MORTGAGE CORPORATION 10 3.17% $6,065
    Goldwater Bank, N.A. 10 3.31% $6,497
    MICHIGAN MUTUAL, INC. 10 2.90% $6,558
    CERTAINTY HOME LOANS, LLC 10 3.04% $5,085
    WATSON MORTGAGE CORP. 10 2.85% $5,938
    AMERICAN MORTGAGE SERVICE COMPANY 10 3.04% $6,414
    SUN WEST MORTGAGE COMPANY, INC. 9 2.56% $4,867
    Regions Bank 9 3.04% $5,002
    GUILD MORTGAGE COMPANY 8 2.84% $6,667
    FINANCE OF AMERICA MORTGAGE LLC 8 3.17% $7,658
    Tyndall Federal Credit Union 8 2.56% $5,360
    Gateway First Bank 8 2.98% $6,227
    VAN DYK MORTGAGE CORPORATION 8 3.06% $6,269
    DAS Acquisition Company, LLC 8 3.19% $6,006
    GENEVA FINANCIAL, LLC 7 3.02% $6,902
    GUARANTEED RATE AFFINITY, LLC 7 2.96% $6,101
    FIDELITY BANK 7 2.79% $5,756
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 7 3.16% $8,409
    Nations Lending Corporation 7 2.86% $5,898
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 7 2.84% $6,004
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 7 3.16% $6,550
    STEARNS LENDING, LLC 7 2.84% $4,451
    Renasant Bank 6 2.81% $6,176
    STOCKTON MORTGAGE CORPORATION 6 3.08% $5,409
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 6 2.96% $7,300
    BAY EQUITY LLC 6 3.06% $6,450
    HOMESPIRE MORTGAGE CORPORATION 6 2.75% $7,169
    HOMETRUST MORTGAGE COMPANY 6 2.88% $5,748
    Advisors Mortgage Group, L.L.C. 6 2.77% $5,648
    FIRST COMMUNITY MORTGAGE, INC. 6 3.04% $4,929
    BAY CAPITAL MORTGAGE CORPORATION 6 2.50% $6,003
    GSF Mortgage Corporation 6 2.94% $8,003
    PARK SQUARE HOME MORTGAGE, LLC 6 2.89% $7,761
    Florida Capital Bank 5 2.78% $6,503
    EVERETT FINANCIAL, INC. 5 3.50% $4,393
    Austin Capital Bank SSB 5 2.75% $7,391
    LENDUS, LLC 5 3.05% $7,411
    Magnolia Bank 5 2.63% $5,570
    U.S. Bank 5 3.08% $5,197
    ACOPIA, LLC 5 3.10% $6,093
    MID AMERICA MORTGAGE, INC. 5 2.90% $6,034
    M/I FINANCIAL, LLC 5 2.98% $7,112
    NP, Inc. 5 3.15% $6,311
    Prosperity Home Mortgage, LLC 5 3.20% $5,459
    GUARANTY HOME MORTGAGE CORPORATION 4 2.97% $3,853
    Wells Fargo Bank 4 3.72% $4,611
    KELLER MORTGAGE, LLC 4 2.88% $4,560
    MORTGAGE EQUITY PARTNERS LLC 4 2.91% $6,889
    LAND HOME FINANCIAL SERVICES, INC. 4 2.91% $5,945
    LAKEVIEW LOAN SERVICING, LLC 4 3.13% $3,631
    Summit Mortgage Corporation 4 2.94% $6,086
    United Fidelity Funding Corp. 4 2.84% $9,332
    Alcova Mortgage LLC 4 2.88% $4,597
    FIRST EQUITY MORTGAGE BANKERS, INC. 4 3.31% $5,738
    TOWNE MORTGAGE COMPANY 4 3.09% $4,483
    JET HOMELOANS, LLC 4 2.81% $9,481
    SOUTHPOINT FINANCIAL SERVICES, INC. 4 3.47% $4,218
    LEADERONE FINANCIAL CORPORATION 4 3.03% $6,668
    PLANET HOME LENDING, LLC 4 2.78% $5,216
    INSPIRE HOME LOANS INC. 3 2.92% $5,655
    Bell Bank 3 2.75% $7,594
    South Pacific Financial Corporation 3 2.83% $7,375
    RELIANCE FIRST CAPITAL, LLC 3 2.92% $7,866
    MORIA DEVELOPMENT, INC. 3 3.38% $6,066
    COUNTRYPLACE MORTGAGE, LTD. 3 3.88% $10,283
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 3.46% $5,569
    MUTUAL OF OMAHA MORTGAGE, INC. 3 2.96% $6,922
    NFM, INC. 3 3.42% $7,281
    Evolve Bank & Trust 3 2.88% $5,562
    SAN ANTONIO CITIZENS 3 2.71% $5,945
    PANORAMA MORTGAGE GROUP, LLC 3 2.96% $7,969
    Blue Ridge Bank 3 2.96% $5,249
    LIBERTY HOME MORTGAGE CORPORATION 3 2.79% $7,841
    AmRes Corporation 3 3.04% $7,532
    Loan Simple, Inc. 3 2.92% $5,665
    HANCOCK MORTGAGE PARTNERS, LLC 2 3.38% $4,913
    T2 FINANCIAL LLC 2 3.25% $9,416
    Northpointe Bank 2 2.50% $6,468
    Hancock Whitney Bank 2 2.31% $6,740
    SOUTHWEST FUNDING, LP 2 2.81% $7,609
    TD Bank 2 2.88% $3,983
    SECURITYNATIONAL MORTGAGE COMPANY 2 2.88% $6,230
    Town Square Mortgage & Investments, Inc. 2 2.75% $7,356
    INTERLINC MORTGAGE SERVICES, LLC 2 2.81% $3,731
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 2.50% $8,276
    DSLD MORTGAGE, LLC 2 2.56% $5,625
    Beach Community Mortgage Services, Inc. 2 2.75% $5,996
    Midwest Mortgage Associates Corporation 2 2.75% $4,799
    FAIRWAY FUNDING GROUP, INC. 2 3.19% $5,832
    FAMILY FIRST FUNDING LLC 2 3.13% $6,202
    CORNERSTONE HOME LENDING, INC. 2 3.25% $11,376
    FLAT BRANCH MORTGAGE, INC. 2 3.13% $7,345
    CONTOUR MORTGAGE CORPORATION 2 2.69% $5,375
    CBM Mortgage, Inc. 2 2.94% $5,591
    EMM LOANS LLC 2 3.13% $7,318
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 2.69% $5,237
    EQUITY RESOURCES, INC. 2 2.25% $5,423
    First Option Mortgage, LLC 1 3.50% $5,482
    First Home Bank 1 2.88% $5,020
    GERSHMAN INVESTMENT CORP. 1 3.75% $5,295
    GoPrime Mortgage, Inc. 1 2.75% $4,406
    GROUP ONE MORTGAGE, INC. 1 2.25% $7,607
    FirstBank 1 2.50% $6,450
    First Bank 1 2.75% $5,737
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 3.88% $7,564
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.50% $8,160
    HOMESIDE FINANCIAL, LLC 1 3.13% $4,582
    EVANSVILLE TEACHERS 1 3.75% $7,110
    LAKE MICHIGAN CREDIT UNION 1 2.25% $9,385
    Luxury Mortgage Corp. 1 2.75% $5,499
    MATTAMY HOME FUNDING, LLC 1 2.88% $8,738
    DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $6,733
    MORTGAGE FINANCIAL SERVICES, LLC 1 2.63% $2,641
    NATIONS DIRECT MORTGAGE, LLC 1 3.75% $8,742
    Commerce Home Mortgage, Inc. 1 2.75% $10,343
    COLUMBUS CAPITAL LENDING, LLC 1 2.88% $18,051
    NORTHPOINT MORTGAGE, INC. 1 3.00% $6,530
    NORWICH COMMERCIAL GROUP, INC. 1 4.25% $7,636
    CITYWIDE HOME LOANS, LLC 1 3.13% $4,470
    CHURCHILL MORTGAGE CORPORATION 1 2.88% $8,183
    ON Q FINANCIAL, INC. 1 3.00% $6,422
    CHAMPIONS MORTGAGE LLC 1 3.25% $7,177
    Century Mortgage Company DBA Century Lending Company 1 2.88% $6,807
    PNC Bank 1 2.88% $5,195
    PREFERRED LENDING SERVICES, LLC 1 3.25% $4,143
    RADIUS FINANCIAL GROUP INC. 1 2.25% $3,627
    RANLIFE, INC. 1 2.38% $6,627
    Wyndham Capital Mortgage, Inc. 1 2.88% $5,991
    Republic State Mortgage Co. 1 3.75% $2,429
    RESIDENTIAL HOME FUNDING CORP. 1 2.88% $7,676
    ROSS MORTGAGE CORPORATION 1 3.13% $9,850
    SHELTER MORTGAGE COMPANY, L.L.C. 1 3.13% $5,121
    Sierra Pacific Mortgage Company, Inc. 1 3.63% $6,584
    BancorpSouth Bank 1 3.13% $4,662
    SmartBank 1 3.13% $5,815
    SOUTHERN TRUST MORTGAGE, LLC 1 2.75% $5,936
    AXIA FINANCIAL, LLC 1 2.75% $5,227
    1ST FINANCIAL, INC. 1 3.50% $6,476
    SWBC MORTGAGE CORPORATION 1 3.25% $3,283
    The Central Trust Bank 1 3.00% $4,934
    The Home Loan Expert LLC 1 3.25% $4,633
    THE MONEY HOUSE INC. 1 3.13% $7,065
    The Union Bank Company 1 2.75% $7,614
    TJC Mortgage, Inc. 1 3.25% $5,049
    TOTAL MORTGAGE SERVICES, LLC 1 3.00% $5,429
    A Mortgage Boutique, LLC 1 3.25% $6,952
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 3.88% $8,273
    AMCAP MORTGAGE, LTD. 1 2.88% $7,203
    VILLAGE CAPITAL MORTGAGE 1 2.88% $4,558
    1ST SIGNATURE LENDING, LLC 1 2.63% $6,083
    First Horizon Bank 1 2.75% $5,618

    The top Florida USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 131 USDA loans originated. Their average total fees are $5,917, which is $476 lower than the next largest lender, METROPLEX MORTGAGE SERVICES, INC..

    The lowest fee Florida USDA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($3,212), PULTE MORTGAGE LLC ($3,479), HOMESTAR FINANCIAL CORPORATION ($4,474), Colten Mortgage, LLC ($4,815) and CERTAINTY HOME LOANS, LLC ($5,085).

    The lowest rate Florida USDA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (2.46%), MORTGAGE ONE OF THE SOUTH, INC. (2.56%), GMFS LLC (2.57%), South State Bank (2.60%) and HOME SOLUTION LENDERS INC. (2.66%).