Florida USDA Loan Rates, Closing Costs & Stats

Florida

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%).