Miami USDA Loan Rates, Closing Costs & Stats

Miami, OK

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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.

    Miami's 14 lenders originated 35 USDA loans during 2024. The total origination value was $4,595,000, with an average USDA loan value of $131,286.

    Miami USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Miami averaged 0.06% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

    Miami's average USDA mortgage closing costs are $4,365.

    The average rate for the prior week (2025-06-27) was 6.5% and one month ago for the week of 2025-05-30, the average rate was 6.98%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.1%.

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

    Miami 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 Miami level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 7 6.52% $5,198
    Arvest Bank 5 6.95% $6,204
    V.I.P. MORTGAGE, INC. 4 6.50% $3,947
    Mortgage Investment Services Corporation 3 6.67% $2,300
    Century Mortgage Company DBA Century Lending Company 3 6.58% $4,914
    TOWNE MORTGAGE COMPANY 2 7.00% $5,782
    Flagstar Bank, FSB 2 6.63% $4,516
    GENEVA FINANCIAL, LLC 2 6.38% $5,687
    GUILD MORTGAGE COMPANY 1 6.88% $4,873
    First United Bank and Trust Company 1 6.38% $5,275
    American Mortgage Bank, LLC 1 6.13% $6,805
    Landmark National Bank 1 7.00% $7,696
    TTCU Federal Credit Union 1 6.88% $6,834
    US MORTGAGE CORPORATION 1 6.50% $6,484

    The top Miami USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 7 USDA loans originated. Their average total fees are $5,198, which is $1,006 lower than the next largest lender, Arvest Bank.

    The lowest fee Miami USDA lenders (with over 10 loans originated) are .

    The lowest rate Miami USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Miami (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 $84,250 (5.8%) $109,558 (-10.0%) 0.00 168
    2018-02-01 $83,750 (4.8%) $110,865 (-8.1%) 0.00 171
    2018-03-01 $88,750 (11.0%) $113,289 (-3.1%) 0.00 171
    2018-04-01 $86,875 (6.9%) $109,927 (-7.3%) 0.00 179
    2018-05-01 $85,850 (7.5%) $111,399 (-8.2%) 0.00 185
    2018-06-01 $80,450 (-2.5%) $108,179 (-13.5%) 0.00 188
    2018-07-01 $81,700 (-2.2%) $112,716 (-10.5%) 0.00 179
    2018-08-01 $82,675 (-7.1%) $113,175 (-12.7%) 0.00 166
    2018-09-01 $80,000 (-5.6%) $116,587 (-5.3%) 0.00 170
    2018-10-01 $82,900 (-0.1%) $114,493 (-5.9%) 0.00 172
    2018-11-01 $84,550 (-2.0%) $114,805 (2.2%) 0.00 169
    2018-12-01 $84,900 (-0.1%) $113,983 (3.2%) 0.00 160
    2019-01-01 $82,475 (-2.1%) $114,172 (4.2%) 0.00 141
    2019-02-01 $84,900 (1.4%) $114,907 (3.7%) 0.00 134
    2019-03-01 $86,421 (-2.6%) $116,888 (3.2%) 0.00 126
    2019-04-01 $88,725 (2.1%) $118,681 (8.0%) 0.00 117
    2019-05-01 $88,300 (2.9%) $130,139 (16.8%) 0.00 116
    2019-06-01 $87,900 (9.3%) $126,243 (16.7%) 0.00 114
    2019-07-01 $89,800 (9.9%) $130,043 (15.4%) 0.00 117
    2019-08-01 $88,673 (7.3%) $126,234 (11.5%) 0.00 125
    2019-09-01 $86,832 (8.5%) $121,229 (4.0%) 0.00 130
    2019-10-01 $85,755 (3.4%) $118,593 (3.6%) 0.00 134
    2019-11-01 $83,500 (-1.2%) $114,666 (-0.1%) 0.00 126
    2019-12-01 $79,950 (-5.8%) $114,448 (0.4%) 0.00 122
    2020-01-01 $79,900 (-3.1%) $117,721 (3.1%) 0.00 116
    2020-02-01 $79,700 (-6.1%) $110,485 (-3.9%) 0.00 116
    2020-03-01 $72,363 (-16.3%) $108,304 (-7.3%) 0.00 113
    2020-04-01 $74,875 (-15.6%) $111,503 (-6.1%) 0.00 106
    2020-05-01 $75,000 (-15.1%) $117,583 (-9.7%) 0.00 107
    2020-06-01 $77,550 (-11.8%) $129,465 (2.6%) 0.00 95
    2020-07-01 $82,850 (-7.7%) $120,804 (-7.1%) 0.00 86
    2020-08-01 $87,777 (-1.0%) $125,833 (-0.3%) 0.00 96
    2020-09-01 $106,850 (23.1%) $137,634 (13.5%) 0.00 86
    2020-10-01 $102,500 (19.5%) $136,355 (15.0%) 0.00 73
    2020-11-01 $104,875 (25.6%) $132,942 (15.9%) 0.00 76
    2020-12-01 $107,500 (34.5%) $137,489 (20.1%) 0.00 62
    2021-01-01 $99,950 (25.1%) $135,378 (15.0%) 0.00 59
    2021-02-01 $84,950 (6.6%) $125,946 (14.0%) 0.00 57
    2021-03-01 $84,700 (17.1%) $132,968 (22.8%) 0.00 56
    2021-04-01 $81,350 (8.7%) $154,044 (38.2%) 0.00 60
    2021-05-01 $84,750 (13.0%) $129,717 (10.3%) 0.00 59
    2021-06-01 $79,600 (2.6%) $130,550 (0.8%) 0.00 67
    2021-07-01 $82,450 (-0.5%) $137,103 (13.5%) 0.00 67
    2021-08-01 $92,000 (4.8%) $145,555 (15.7%) 0.00 64
    2021-09-01 $83,475 (-21.9%) $143,555 (4.3%) 0.00 67
    2021-10-01 $84,900 (-17.2%) $151,787 (11.3%) 0.00 64
    2021-11-01 $88,725 (-15.4%) $166,114 (25.0%) 0.00 66
    2021-12-01 $79,225 (-26.3%) $146,196 (6.3%) 0.00 72
    2022-01-01 $89,000 (-11.0%) $153,578 (13.4%) 0.00 72
    2022-02-01 $85,925 (1.2%) $162,036 (28.7%) 0.00 54
    2022-03-01 $79,900 (-5.7%) $149,586 (12.5%) 0.00 61
    2022-04-01 $79,900 (-1.8%) $132,404 (-14.1%) 0.00 60
    2022-05-01 $86,250 (1.8%) $122,167 (-5.8%) 0.00 59
    2022-06-01 $109,925 (38.1%) $196,275 (50.3%) 0.00 53
    2022-07-01 $119,900 (45.4%) $212,087 (54.7%) 0.00 57
    2022-08-01 $119,950 (30.4%) $205,857 (41.4%) 0.00 58
    2022-09-01 $129,950 (55.7%) $195,988 (36.5%) 0.00 63
    2022-10-01 $141,200 (66.3%) $200,323 (32.0%) 0.00 59
    2022-11-01 $131,500 (48.2%) $194,113 (16.9%) 0.00 54
    2022-12-01 $126,450 (59.6%) $195,048 (33.4%) 0.00 53
    2023-01-01 $130,900 (47.1%) $179,462 (16.9%) 0.00 54
    2023-02-01 $126,200 (46.9%) $177,787 (9.7%) 0.00 50
    2023-03-01 $146,675 (83.6%) $201,159 (34.5%) 0.00 46
    2023-04-01 $147,000 (84.0%) $215,531 (62.8%) 0.00 48
    2023-05-01 $131,150 (52.1%) $192,266 (57.4%) 0.00 58
    2023-06-01 $124,725 (13.5%) $159,296 (-18.8%) 0.00 62
    2023-07-01 $121,450 (1.3%) $161,587 (-23.8%) 0.00 53
    2023-08-01 $136,500 (13.8%) $160,755 (-21.9%) 0.00 44
    2023-09-01 $135,000 (3.9%) $174,733 (-10.8%) 0.00 54
    2023-10-01 $150,725 (6.8%) $277,164 (38.4%) 0.00 67
    2023-11-01 $152,000 (15.6%) $277,285 (42.9%) 0.00 62
    2023-12-01 $145,000 (14.7%) $278,889 (43.0%) 0.00 63
    2024-01-01 $149,825 (14.5%) $272,698 (52.0%) 0.00 61
    2024-02-01 $154,175 (22.2%) $301,369 (69.5%) 0.00 58
    2024-03-01 $155,000 (5.7%) $319,853 (59.0%) 0.00 52
    2024-04-01 $149,950 (2.0%) $331,751 (53.9%) 0.00 52
    2024-05-01 $184,950 (41.0%) $338,619 (76.1%) 0.00 60
    2024-06-01 $199,900 (60.3%) $367,203 (130.5%) 0.00 62
    2024-07-01 $187,000 (54.0%) $357,533 (121.3%) 0.00 72
    2024-08-01 $159,900 (17.1%) $314,573 (95.7%) 0.00 82
    2024-09-01 $169,700 (25.7%) $290,730 (66.4%) 0.00 87
    2024-10-01 $181,250 (20.3%) $296,726 (7.1%) 0.00 98
    2024-11-01 $166,150 (9.3%) $276,630 (-0.2%) 0.00 107
    2024-12-01 $163,675 (12.9%) $261,351 (-6.3%) 0.00 106
    2025-01-01 $176,150 (17.6%) $263,598 (-3.3%) 0.00 95
    2025-02-01 $179,225 (16.3%) $249,332 (-17.3%) 0.00 92
    2025-03-01 $174,900 (12.8%) $247,690 (-22.6%) 0.00 96
    2025-04-01 $177,400 (18.3%) $251,731 (-24.1%) 0.00 105
    2025-05-01 $191,900 (3.8%) $264,061 (-22.0%) 0.00 109
    Miami's median listing price for 2025-05-01 was $191,900, a difference of $6,950 (3.8%) versus the prior year and $14,500 versus the prior month.

    Miami's median listing price comes in at 0% of the national average.

    Miami's average listing price for 2025-05-01 was $264,061, a difference of $-74,558 (-22.0%) versus the prior year and $12,330 versus the prior month.

    For the 2025-05-01 period, Miami had 109 MLS listings, a difference of 4 listings (4%) versus the prior month and 49 listings (82%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Miami (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,421 sqft
    2018-02-01 0 days 1,416 sqft
    2018-03-01 0 days 1,434 sqft
    2018-04-01 0 days 1,404 sqft
    2018-05-01 0 days 1,426 sqft
    2018-06-01 0 days 1,450 sqft
    2018-07-01 0 days 1,475 sqft
    2018-08-01 0 days 1,479 sqft
    2018-09-01 0 days 1,492 sqft
    2018-10-01 0 days 1,477 sqft
    2018-11-01 0 days 1,484 sqft
    2018-12-01 0 days 1,468 sqft
    2019-01-01 0 days 1,443 sqft
    2019-02-01 0 days 1,484 sqft
    2019-03-01 0 days 1,561 sqft
    2019-04-01 0 days 1,544 sqft
    2019-05-01 0 days 1,599 sqft
    2019-06-01 0 days 1,600 sqft
    2019-07-01 0 days 1,600 sqft
    2019-08-01 0 days 1,565 sqft
    2019-09-01 0 days 1,513 sqft
    2019-10-01 0 days 1,478 sqft
    2019-11-01 0 days 1,465 sqft
    2019-12-01 0 days 1,459 sqft
    2020-01-01 0 days 1,433 sqft
    2020-02-01 0 days 1,381 sqft
    2020-03-01 0 days 1,366 sqft
    2020-04-01 0 days 1,398 sqft
    2020-05-01 0 days 1,422 sqft
    2020-06-01 0 days 1,437 sqft
    2020-07-01 0 days 1,410 sqft
    2020-08-01 0 days 1,539 sqft
    2020-09-01 0 days 1,600 sqft
    2020-10-01 0 days 1,498 sqft
    2020-11-01 0 days 1,598 sqft
    2020-12-01 0 days 1,595 sqft
    2021-01-01 0 days 1,483 sqft
    2021-02-01 0 days 1,413 sqft
    2021-03-01 0 days 1,448 sqft
    2021-04-01 0 days 1,390 sqft
    2021-05-01 0 days 1,299 sqft
    2021-06-01 0 days 1,232 sqft
    2021-07-01 0 days 1,344 sqft
    2021-08-01 0 days 1,423 sqft
    2021-09-01 0 days 1,349 sqft
    2021-10-01 0 days 1,350 sqft
    2021-11-01 0 days 1,435 sqft
    2021-12-01 0 days 1,389 sqft
    2022-01-01 0 days 1,430 sqft
    2022-02-01 0 days 1,440 sqft
    2022-03-01 0 days 1,350 sqft
    2022-04-01 0 days 1,346 sqft
    2022-05-01 0 days 1,344 sqft
    2022-06-01 0 days 1,544 sqft
    2022-07-01 0 days 1,620 sqft
    2022-08-01 0 days 1,623 sqft
    2022-09-01 0 days 1,606 sqft
    2022-10-01 0 days 1,682 sqft
    2022-11-01 0 days 1,627 sqft
    2022-12-01 0 days 1,591 sqft
    2023-01-01 0 days 1,583 sqft
    2023-02-01 0 days 1,573 sqft
    2023-03-01 0 days 1,558 sqft
    2023-04-01 0 days 1,422 sqft
    2023-05-01 0 days 1,355 sqft
    2023-06-01 0 days 1,308 sqft
    2023-07-01 0 days 1,338 sqft
    2023-08-01 0 days 1,389 sqft
    2023-09-01 0 days 1,402 sqft
    2023-10-01 0 days 1,476 sqft
    2023-11-01 0 days 1,495 sqft
    2023-12-01 0 days 1,510 sqft
    2024-01-01 0 days 1,511 sqft
    2024-02-01 0 days 1,497 sqft
    2024-03-01 0 days 1,650 sqft
    2024-04-01 0 days 1,657 sqft
    2024-05-01 0 days 1,673 sqft
    2024-06-01 0 days 1,764 sqft
    2024-07-01 0 days 1,715 sqft
    2024-08-01 0 days 1,632 sqft
    2024-09-01 0 days 1,596 sqft
    2024-10-01 0 days 1,610 sqft
    2024-11-01 0 days 1,618 sqft
    2024-12-01 0 days 1,592 sqft
    2025-01-01 0 days 1,584 sqft
    2025-02-01 0 days 1,567 sqft
    2025-03-01 0 days 1,580 sqft
    2025-04-01 0 days 1,557 sqft
    2025-05-01 0 days 1,578 sqft
    Miami's median listing age (time on market) for 2025-05-01 was 0 days.

    Miami's median square footage for active listings during the 2025-05-01 period was 1,578 sqft. One year prior, the average listing was 1,673 sqft.