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 -0.47% for the week of 2023-06-02, compared to the national average (all USDA variants) of 0% for the same period.

    Florida's average USDA mortgage closing costs are $6,099.

    The average rate for the prior week (2023-05-26) was 6.47% and one month ago for the week of 2023-04-28, the average rate was 6.15%.

    The average rate one year ago was 4.91%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.22%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    METROPLEX MORTGAGE SERVICES, INC. 71 4.81% $7,934
    UNITED WHOLESALE MORTGAGE, LLC 52 4.68% $7,924
    CALIBER HOME LOANS, INC. 42 4.23% $8,338
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 39 5.00% $7,638
    HOME POINT FINANCIAL CORPORATION 35 4.45% $9,385
    MOVEMENT MORTGAGE, LLC 31 4.83% $8,215
    AMERIFIRST FINANCIAL CORPORATION 30 4.75% $9,236
    Flagstar Bank, FSB 27 3.83% $6,604
    Ameris Bank 26 4.63% $6,884
    AMERICAN PACIFIC MORTGAGE CORPORATION 24 4.90% $8,592
    LOANDEPOT.COM, LLC 24 4.39% $8,832
    UNIVERSITY LENDING GROUP, LLC 23 4.10% $6,967
    Mortgage Lenders Investment Trading Corporation 22 4.77% $8,096
    South State Bank 21 4.23% $6,716
    HOME SOLUTION LENDERS INC. 20 4.13% $9,038
    SUCCESS MORTGAGE PARTNERS, INC. 19 4.68% $9,396
    CARDINAL FINANCIAL 19 4.90% $7,127
    FBC MORTGAGE, LLC 17 4.20% $9,945
    Paramount Residential Mortgage Group, Inc. 17 4.71% $8,798
    DHI MORTGAGE COMPANY, LTD. 15 3.73% $8,082
    First Federal Bank 15 4.59% $6,773
    UNION HOME MORTGAGE CORP. 15 3.98% $6,195
    OPEN MORTGAGE, LLC 14 4.89% $7,922
    HOMEBRIDGE FINANCIAL SERVICES, INC. 14 4.19% $10,904
    THE MORTGAGE FIRM, INC. 13 4.52% $9,326
    Truist 12 3.83% $7,511
    ACADEMY MORTGAGE CORPORATION 11 5.15% $9,312
    CROSSCOUNTRY MORTGAGE, LLC 11 4.81% $8,388
    Century Mortgage Company DBA Century Lending Company 11 4.09% $7,661
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 11 5.03% $7,779
    Plains Commerce Bank 10 5.23% $9,450
    NTFN, INC. 10 4.55% $8,645
    GUARANTEED RATE, INC. 10 4.53% $9,037
    Synovus Bank 9 4.69% $8,955
    PLAZA HOME MORTGAGE, INC. 9 5.22% $9,072
    Bank of England 9 4.83% $8,862
    HOMESTAR FINANCIAL CORPORATION 9 4.15% $5,357
    MORTGAGE FINANCIAL GROUP, INC. 9 5.39% $8,618
    ENVOY MORTGAGE, LTD 8 4.66% $6,451
    Capital City Home Loans, LLC 8 4.05% $7,649
    PENNYMAC LOAN SERVICES, LLC 8 3.17% $6,283
    Waterstone Mortgage Corporation 8 5.30% $8,828
    Trustmark National Bank 8 4.52% $7,315
    Equity Prime Mortgage LLC 8 4.67% $7,823
    Centennial Bank 8 4.34% $7,002
    KBHS HOME LOANS, LLC 8 4.64% $13,664
    AMERICAN FINANCIAL RESOURCES, INC. 8 4.84% $6,442
    PRIMARY RESIDENTIAL MORTGAGE, INC. 7 3.77% $7,847
    NVR Mortgage Finance, Inc. 7 3.73% $10,405
    VANDERBILT MORTGAGE AND FINANCE, INC. 6 4.79% $11,024
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 6 5.02% $8,578
    HOMETRUST MORTGAGE COMPANY 6 4.17% $7,845
    AMERICAN BANCSHARES MORTGAGE, LLC 6 6.08% $9,898
    Tyndall Federal Credit Union 6 4.13% $7,634
    RANLIFE, INC. 6 3.88% $6,507
    EVERETT FINANCIAL, INC. 6 4.63% $4,501
    GENEVA FINANCIAL, LLC 6 4.77% $8,408
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 4.71% $6,237
    GMFS LLC 6 4.81% $4,914
    INSPIRE HOME LOANS INC. 5 5.47% $9,500
    INLANTA MORTGAGE, INC. 5 3.95% $7,179
    DELMAR FINANCIAL COMPANY 5 4.45% $8,654
    CMG MORTGAGE, INC. 5 5.40% $9,575
    Sierra Pacific Mortgage Company, Inc. 5 4.93% $8,356
    MORTGAGE FINANCIAL SERVICES, LLC 5 3.95% $2,832
    EAGLE HOME MORTGAGE, LLC 5 4.38% $7,442
    Goldwater Bank, N.A. 5 4.40% $8,895
    STOCKTON MORTGAGE CORPORATION 5 4.88% $8,714
    Ixonia Bank 5 4.23% $6,628
    BROKER SOLUTIONS, INC. 5 5.28% $10,179
    Citizens Bank 4 4.94% $5,358
    FINANCE OF AMERICA MORTGAGE LLC 4 4.41% $10,506
    FIRST COMMUNITY MORTGAGE, INC. 4 4.97% $6,030
    GUARANTEED RATE AFFINITY, LLC 4 5.07% $10,359
    NP, Inc. 4 3.81% $9,381
    CRESCENT MORTGAGE COMPANY 4 3.72% $5,659
    Carrington Mortgage Services, LLC 3 4.33% $7,956
    Hometown Lenders, Inc. 3 4.83% $10,654
    HAMILTON HOME LOANS, INC. 3 4.87% $7,759
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 4.83% $10,243
    PARK SQUARE HOME MORTGAGE, LLC 3 3.83% $11,354
    NFM, INC. 3 4.92% $7,229
    FIDELITY BANK 3 4.96% $8,086
    GUILD MORTGAGE COMPANY 3 4.29% $9,991
    DAS Acquisition Company, LLC 3 5.33% $7,752
    Hometown Equity Mortgage, LLC 3 3.42% $8,615
    U.S. Bank 2 4.06% $10,689
    NATIONS RELIABLE LENDING, LLC 2 4.06% $6,645
    Christensen Financial, Inc. 2 3.44% $7,955
    First Savings Bank 2 4.00% $6,107
    First Guaranty Mortgage Corporation 2 3.19% $5,825
    SHELTER MORTGAGE COMPANY, L.L.C. 2 4.00% $8,339
    FIRST EQUITY MORTGAGE BANKERS, INC. 2 4.25% $9,051
    SOUTHWEST FUNDING, LP 2 6.00% $10,750
    FIRST CENTENNIAL MORTGAGE CORPORATION 2 4.25% $6,270
    FIDELITY FUNDING MORTGAGE CORP. 2 4.88% $6,337
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.13% $7,882
    NEWREZ LLC 2 6.50% $9,147
    PNC Bank 2 3.31% $6,237
    CANOPY MORTGAGE, LLC 2 5.31% $9,267
    Advisors Mortgage Group, L.L.C. 2 4.63% $5,835
    Blue Ridge Bank 2 3.56% $5,377
    KELLER MORTGAGE, LLC 2 3.69% $6,800
    BAY CAPITAL MORTGAGE CORPORATION 2 4.75% $5,711
    Loan Simple, Inc. 2 5.75% $10,450
    EMBRACE HOME LOANS, INC. 2 4.06% $6,909
    MLB RESIDENTIAL LENDING, LLC 2 3.19% $4,868
    Wolfe Financial, Inc 1 5.13% $5,474
    ALLIED MORTGAGE GROUP, INC. 1 5.63% $5,452
    Austin Capital Bank SSB 1 5.12% $13,009
    BancorpSouth Bank 1 6.00% $5,065
    Bell Bank 1 4.75% $8,287
    CBM Mortgage, Inc. 1 5.13% $9,141
    COMPASS MORTGAGE, INC. 1 3.75% $8,512
    DEVELOPER'S MORTGAGE COMPANY 1 4.00% $20,574
    DSLD MORTGAGE, LLC 1 4.25% $6,444
    Eagle Bank and Trust Company 1 4.00% $8,663
    EMM LOANS LLC 1 3.63% $7,169
    ENDEAVOR CAPITAL, LLC. 1 6.00% $10,936
    FAIRWAY FUNDING GROUP, INC. 1 4.63% $11,483
    Gateway First Bank 1 6.63% $8,408
    GSF Mortgage Corporation 1 4.63% $9,481
    HANCOCK MORTGAGE PARTNERS, LLC 1 6.38% $7,550
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 4.25% $11,800
    HOMEAMERICAN MORTGAGE CORPORATION 1 4.25% $3,665
    HOMESPIRE MORTGAGE CORPORATION 1 5.00% $9,565
    HUNT MORTGAGE CORPORATION 1 3.38% $5,264
    LAKEVIEW LOAN SERVICING, LLC 1 3.25% $2,814
    LEADERONE FINANCIAL CORPORATION 1 5.63% $10,369
    Magnolia Bank 1 7.13% $8,130
    MLD MORTGAGE INC. 1 4.50% $10,582
    MORIA DEVELOPMENT, INC. 1 5.13% $13,697
    Mortgage Assurance Inc. 1 5.75% $3,923
    MORTGAGE EQUITY PARTNERS LLC 1 3.25% $7,299
    MORTGAGE INVESTORS GROUP, INC. 1 4.38% $6,369
    Mortgage Research Center, LLC 1 2.63% $2,968
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 4.13% $8,501
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.13% $7,066
    NATIONWIDE MORTGAGE BANKERS, INC. 1 4.75% $9,047
    NEAL COMMUNITIES FUNDING, LLC 1 2.75% $8,127
    Network Funding, L.P. 1 3.25% $6,279
    NORWICH COMMERCIAL GROUP, INC. 1 3.75% $11,795
    OCEANSIDE MORTGAGE COMPANY 1 3.25% $1,500
    OCMBC, INC. 1 4.00% $10,148
    OVM FINANCIAL, INC. 1 3.75% $9,146
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.13% $7,873
    PANORAMA MORTGAGE GROUP, LLC 1 5.63% $13,106
    PLANET HOME LENDING, LLC 1 4.13% $12,000
    PREFERRED LENDING SERVICES, LLC 1 3.50% $8,071
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.13% $11,215
    Prosperity Home Mortgage, LLC 1 3.75% $5,748
    PULTE MORTGAGE LLC 1 3.63% $5,612
    RADIUS FINANCIAL GROUP INC. 1 5.13% $5,733
    Regions Bank 1 3.75% $5,777
    SAN ANTONIO CITIZENS 1 5.25% $5,114
    SECURITYNATIONAL MORTGAGE COMPANY 1 4.63% $8,582
    SOUTHERN TRUST MORTGAGE, LLC 1 5.63% $6,901
    SUN WEST MORTGAGE COMPANY, INC. 1 4.13% $10,659
    T2 FINANCIAL LLC 1 6.63% $8,147
    The Central Trust Bank 1 3.63% $7,593
    The Home Loan Expert LLC 1 2.25% $9,950
    TJC Mortgage, Inc. 1 5.13% $7,888
    TOWNE MORTGAGE COMPANY 1 5.25% $5,961
    TruHome Solutions, LLC 1 4.00% $7,496
    United Fidelity Funding Corp. 1 4.75% $8,757
    UNIVERSAL MORTGAGE & FINANCE, INC. 1 4.13% $6,575
    University Bank 1 6.13% $6,085
    VAN DYK MORTGAGE CORPORATION 1 4.25% $8,642
    Victorian Finance, LLC 1 6.75% $9,178
    VILLAGE CAPITAL MORTGAGE 1 2.25% $6,999
    ABSOLUTE HOME MORTGAGE CORPORATION 1 4.00% $6,572

    The top Florida USDA lender as defined by loan originations is METROPLEX MORTGAGE SERVICES, INC., with 71 USDA loans originated. Their average total fees are $7,934, which is $10 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Florida USDA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. ($6,195), Flagstar Bank, FSB ($6,604), South State Bank ($6,716), First Federal Bank ($6,773) and Ameris Bank ($6,884).

    The lowest rate Florida USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (3.73%), Flagstar Bank, FSB (3.83%), Truist (3.83%), UNION HOME MORTGAGE CORP. (3.98%) and Century Mortgage Company DBA Century Lending Company (4.09%).