Tallahassee USDA Loan Rates, Closing Costs & Stats

TALLAHASSEE, FL

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.

Tallahassee's 14 lenders originated 34 USDA loans during 2024. The total origination value was $8,080,000, with an average USDA loan value of $237,647.

Tallahassee USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Tallahassee averaged 0.2% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Tallahassee's average USDA mortgage closing costs are $6,147.

The average rate for the prior week (2025-06-13) was 6.4% and one month ago for the week of 2025-05-16, the average rate was 6.36%.

The average rate one year ago was 6.88%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.06%.

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

Tallahassee 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 Tallahassee level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
University Bank 8 6.17% $7,047
Ameris Bank 5 6.60% $7,026
Centennial Bank 3 6.67% $7,289
METROPLEX MORTGAGE SERVICES, INC. 2 6.44% $11,257
DHI MORTGAGE COMPANY, LTD. 2 4.87% $6,688
UNION HOME MORTGAGE CORP. 2 6.13% $9,787
Blue Ridge Bank 2 6.06% $6,623
SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $10,898
THE MORTGAGE FIRM, INC. 1 6.75% $5,906
BAY CAPITAL MORTGAGE CORPORATION 1 6.63% $7,933
LOANDEPOT.COM, LLC 1 6.25% $8,473
Mortgage Research Center, LLC 1 5.99% $3,575
MOVEMENT MORTGAGE, LLC 1 6.75% $7,228
Paramount Residential Mortgage Group, Inc. 1 6.63% $15,426

The top Tallahassee USDA lender as defined by loan originations is University Bank, with 8 USDA loans originated. Their average total fees are $7,047, which is $21 higher than the next largest lender, Ameris Bank.

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

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