Miami USDA Loan Rates, Closing Costs & Stats

Miami, OK

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 0.26% for the week of 2025-06-20, 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 (2025-06-13) was 6.96% and one month ago for the week of 2025-05-16, the average rate was 6.82%.

The average rate one year ago was 6.94%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.2%.

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 .