Tampa USDA Loans

TAMPA-ST. PETERSBURG-CLEARWATER, FL

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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.

    Tampa's 84 lenders originated 378 USDA loans during 2021. The total origination value was $94,510,000, with an average USDA loan value of $250,026.

    Tampa USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Tampa averaged 5.15% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-07-29) was 5.27% and one month ago for the week of 2022-07-01, the average rate was 5.41%.

    The average rate one year ago was 2.99%.

    For refis of the same type during the week of 2022-08-05, the average rate was 5.09%.

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

    Tampa USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tampa level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    FBC MORTGAGE, LLC 25 2.80% $7,681
    HOMEBRIDGE FINANCIAL SERVICES, INC. 22 2.91% $8,023
    CALIBER HOME LOANS, INC. 19 2.76% $7,107
    NVR Mortgage Finance, Inc. 18 2.98% $8,594
    EAGLE HOME MORTGAGE, LLC 18 3.26% $6,815
    DHI MORTGAGE COMPANY, LTD. 15 2.62% $6,079
    CROSSCOUNTRY MORTGAGE, LLC 12 3.08% $6,246
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 2.99% $6,738
    AMERIFIRST FINANCIAL CORPORATION 11 3.52% $6,694
    HOME SOLUTION LENDERS INC. 10 2.50% $7,556
    METROPLEX MORTGAGE SERVICES, INC. 9 2.78% $6,731
    HOME POINT FINANCIAL CORPORATION 9 3.24% $8,111
    PULTE MORTGAGE LLC 7 2.93% $3,820
    LOANDEPOT.COM, LLC 7 3.02% $7,276
    AMERICAN FINANCIAL NETWORK, INC. 5 2.90% $14,648
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 5 2.98% $7,365
    VAN DYK MORTGAGE CORPORATION 5 2.90% $5,911
    First Guaranty Mortgage Corporation 5 3.15% $8,018
    Colten Mortgage, LLC 4 2.84% $4,436
    M/I FINANCIAL, LLC 4 3.13% $6,871
    CALCON MUTUAL MORTGAGE LLC 4 3.44% $7,638
    CELEBRITY HOME LOANS, LLC 4 2.88% $4,704
    Synovus Bank 4 3.00% $9,019
    GUARANTEED RATE, INC. 4 3.00% $6,816
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.96% $7,935
    LAND HOME FINANCIAL SERVICES, INC. 3 2.96% $6,098
    HOMESPIRE MORTGAGE CORPORATION 3 3.00% $7,998
    South State Bank 3 2.71% $4,720
    THE MORTGAGE FIRM, INC. 3 3.21% $6,621
    Bank of England 3 3.25% $7,891
    SAN ANTONIO CITIZENS 3 2.71% $5,945
    UNITED WHOLESALE MORTGAGE, LLC 2 2.88% $6,303
    Carrington Mortgage Services, LLC 2 3.63% $5,753
    Waterstone Mortgage Corporation 2 3.06% $4,982
    EMM LOANS LLC 2 3.13% $7,318
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 2.75% $6,208
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.44% $6,546
    OPEN MORTGAGE, LLC 2 2.56% $6,569
    SIGNATURE MORTGAGE CORPORATION 2 2.75% $7,054
    SUCCESS MORTGAGE PARTNERS, INC. 2 3.06% $6,905
    GMFS LLC 2 2.81% $6,082
    MID AMERICA MORTGAGE, INC. 2 3.12% $7,451
    Paramount Residential Mortgage Group, Inc. 2 2.88% $9,102
    PARK SQUARE HOME MORTGAGE, LLC 2 2.94% $8,716
    Wells Fargo Bank 1 4.25% $4,102
    ACADEMY MORTGAGE CORPORATION 1 3.50% $5,719
    Alcova Mortgage LLC 1 2.63% $2,204
    AmRes Corporation 1 2.63% $7,967
    Austin Capital Bank SSB 1 2.75% $6,717
    CHAMPIONS MORTGAGE LLC 1 3.25% $7,177
    CMG MORTGAGE, INC. 1 2.25% $11,943
    DAS Acquisition Company, LLC 1 2.75% $4,520
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.25% $6,838
    ENVOY MORTGAGE, LTD 1 3.50% $5,887
    Evolve Bank & Trust 1 2.63% $7,688
    FAMILY FIRST FUNDING LLC 1 3.38% $6,502
    FINANCE OF AMERICA MORTGAGE LLC 1 2.88% $6,371
    Flagstar Bank, FSB 1 3.00% $7,588
    FLAT BRANCH MORTGAGE, INC. 1 3.13% $5,278
    GENEVA FINANCIAL, LLC 1 2.88% $8,736
    GERSHMAN INVESTMENT CORP. 1 3.75% $5,295
    Hometown Equity Mortgage, LLC 1 2.88% $8,524
    Hometown Lenders, Inc. 1 3.25% $3,391
    Ixonia Bank 1 3.25% $5,372
    LENDUS, LLC 1 2.75% $5,787
    MICHIGAN MUTUAL, INC. 1 2.75% $11,617
    MORIA DEVELOPMENT, INC. 1 3.75% $6,145
    MOVEMENT MORTGAGE, LLC 1 2.75% $5,581
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.00% $8,354
    Nations Lending Corporation 1 2.63% $6,916
    NATIONS RELIABLE LENDING, LLC 1 3.50% $6,990
    NEWREZ LLC 1 2.75% $7,155
    NFM, INC. 1 3.63% $6,873
    PENNYMAC LOAN SERVICES, LLC 1 2.63% $7,104
    Plains Commerce Bank 1 3.13% $5,464
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.50% $6,006
    Sierra Pacific Mortgage Company, Inc. 1 3.63% $6,584
    SOUTHWEST FUNDING, LP 1 2.63% $8,412
    Summit Mortgage Corporation 1 3.50% $5,957
    The Union Bank Company 1 2.75% $7,614
    Truist Bank 1 2.50% $7,170
    UNION HOME MORTGAGE CORP. 1 2.88% $5,148
    UNIVERSITY LENDING GROUP, LLC 1 3.88% $5,916
    ABSOLUTE HOME MORTGAGE CORPORATION 1 3.13% $5,505

    The top Tampa USDA lender as defined by loan originations is FBC MORTGAGE, LLC, with 25 USDA loans originated. Their average total fees are $7,681, which is $342 lower than the next largest lender, HOMEBRIDGE FINANCIAL SERVICES, INC..

    The lowest fee Tampa USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($6,079), CROSSCOUNTRY MORTGAGE, LLC ($6,246), AMERIFIRST FINANCIAL CORPORATION ($6,694), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,738) and EAGLE HOME MORTGAGE, LLC ($6,815).

    The lowest rate Tampa USDA lenders (with over 10 loans originated) are HOME SOLUTION LENDERS INC. (2.50%), DHI MORTGAGE COMPANY, LTD. (2.62%), CALIBER HOME LOANS, INC. (2.76%), FBC MORTGAGE, LLC (2.80%) and HOMEBRIDGE FINANCIAL SERVICES, INC. (2.91%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Tampa (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 $262,500 (5.0%) $390,019 (2.7%) 0.97 13,577
    2018-02-01 $265,000 (3.4%) $389,585 (0.5%) 0.96 13,735
    2018-03-01 $269,000 (3.5%) $393,333 (0.4%) 0.93 13,799
    2018-04-01 $276,015 (4.2%) $405,857 (2.1%) 0.93 13,492
    2018-05-01 $275,500 (2.1%) $402,622 (0.6%) 0.92 13,668
    2018-06-01 $276,500 (2.4%) $402,506 (0.6%) 0.92 13,811
    2018-07-01 $274,950 (1.9%) $398,767 (0.6%) 0.92 13,972
    2018-08-01 $271,445 (0.8%) $396,622 (0.8%) 0.91 14,154
    2018-09-01 $266,500 (-0.7%) $388,408 (-0.7%) 0.89 14,468
    2018-10-01 $267,950 (1.1%) $391,368 (0.3%) 0.90 15,000
    2018-11-01 $266,000 (-0.2%) $387,699 (-1.1%) 0.89 15,785
    2018-12-01 $264,960 (0.6%) $382,235 (-1.6%) 0.91 16,021
    2019-01-01 $264,495 (0.8%) $383,191 (-1.8%) 0.91 16,220
    2019-02-01 $268,530 (1.3%) $391,059 (0.4%) 0.90 16,416
    2019-03-01 $273,757 (1.8%) $399,232 (1.5%) 0.89 15,904
    2019-04-01 $278,950 (1.1%) $404,882 (-0.2%) 0.88 15,088
    2019-05-01 $280,995 (2.0%) $408,268 (1.4%) 0.87 14,736
    2019-06-01 $284,900 (3.0%) $408,970 (1.6%) 0.88 14,557
    2019-07-01 $282,540 (2.8%) $405,305 (1.6%) 0.88 14,178
    2019-08-01 $279,951 (3.1%) $402,535 (1.5%) 0.88 13,849
    2019-09-01 $279,900 (5.0%) $401,782 (3.4%) 0.89 13,556
    2019-10-01 $280,000 (4.5%) $409,138 (4.5%) 0.89 13,948
    2019-11-01 $279,000 (4.9%) $406,897 (5.0%) 0.90 13,721
    2019-12-01 $276,645 (4.4%) $408,442 (6.9%) 0.92 13,389
    2020-01-01 $275,000 (4.0%) $411,693 (7.4%) 0.92 12,950
    2020-02-01 $279,900 (4.2%) $418,740 (7.1%) 0.90 12,674
    2020-03-01 $282,000 (3.0%) $422,651 (5.9%) 0.88 12,548
    2020-04-01 $279,245 (0.1%) $409,904 (1.2%) 0.87 12,794
    2020-05-01 $284,900 (1.4%) $423,242 (3.7%) 0.86 11,883
    2020-06-01 $292,450 (2.7%) $444,898 (8.8%) 0.85 9,989
    2020-07-01 $297,992 (5.5%) $461,539 (13.9%) 0.85 8,917
    2020-08-01 $299,900 (7.1%) $468,007 (16.3%) 0.86 8,300
    2020-09-01 $300,000 (7.2%) $479,601 (19.4%) 0.86 7,878
    2020-10-01 $307,500 (9.8%) $479,109 (17.1%) 0.88 7,944
    2020-11-01 $302,990 (8.6%) $475,098 (16.8%) 0.87 7,792
    2020-12-01 $299,900 (8.4%) $475,004 (16.3%) 0.88 7,184
    2021-01-01 $299,000 (8.7%) $486,343 (18.1%) 0.88 6,069
    2021-02-01 $299,450 (7.0%) $504,363 (20.5%) 0.86 4,795
    2021-03-01 $302,500 (7.3%) $512,360 (21.2%) 0.85 3,928
    2021-04-01 $319,950 (14.6%) $531,146 (29.6%) 0.86 3,519
    2021-05-01 $335,000 (17.6%) $536,977 (26.9%) 0.88 3,638
    2021-06-01 $349,623 (19.6%) $548,331 (23.3%) 0.91 4,080
    2021-07-01 $350,000 (17.5%) $557,117 (20.7%) 0.91 4,596
    2021-08-01 $359,450 (19.9%) $563,259 (20.4%) 0.94 4,918
    2021-09-01 $362,500 (20.8%) $556,633 (16.1%) 0.95 4,869
    2021-10-01 $374,900 (21.9%) $582,805 (21.6%) 0.99 4,754
    2021-11-01 $377,500 (24.6%) $593,002 (24.8%) 0.99 4,460
    2021-12-01 $376,000 (25.4%) $590,956 (24.4%) 1.00 4,106
    2022-01-01 $384,900 (28.7%) $618,347 (27.1%) 1.03 3,415
    2022-02-01 $393,900 (31.5%) $636,503 (26.2%) 1.00 3,016
    2022-03-01 $399,450 (32.1%) $650,584 (27.0%) 0.99 3,064
    2022-04-01 $419,000 (31.0%) $660,559 (24.4%) 0.99 3,415
    2022-05-01 $437,400 (30.6%) $665,807 (24.0%) 0.98 4,931
    2022-06-01 $446,998 (27.9%) $661,161 (20.6%) 0.99 6,361
    Tampa's median listing price for 2022-06-01 was $446,998, a difference of $97,375 (27.9%) versus the prior year and $9,598 versus the prior month.

    Tampa's median listing price comes in at 99% of the national average.

    Tampa's average listing price for 2022-06-01 was $661,161, a difference of $112,830 (20.6%) versus the prior year and $-4,646 versus the prior month.

    For the 2022-06-01 period, Tampa had 6,361 MLS listings, a difference of 1,430 listings (29%) versus the prior month and 2,281 listings (56%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tampa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 66 days 1,797 sqft
    2018-02-01 58 days 1,805 sqft
    2018-03-01 51 days 1,816 sqft
    2018-04-01 54 days 1,832 sqft
    2018-05-01 54 days 1,836 sqft
    2018-06-01 56 days 1,838 sqft
    2018-07-01 58 days 1,833 sqft
    2018-08-01 59 days 1,828 sqft
    2018-09-01 59 days 1,798 sqft
    2018-10-01 57 days 1,805 sqft
    2018-11-01 57 days 1,790 sqft
    2018-12-01 60 days 1,760 sqft
    2019-01-01 70 days 1,753 sqft
    2019-02-01 66 days 1,758 sqft
    2019-03-01 58 days 1,784 sqft
    2019-04-01 57 days 1,802 sqft
    2019-05-01 57 days 1,823 sqft
    2019-06-01 58 days 1,829 sqft
    2019-07-01 58 days 1,824 sqft
    2019-08-01 59 days 1,815 sqft
    2019-09-01 60 days 1,809 sqft
    2019-10-01 60 days 1,823 sqft
    2019-11-01 59 days 1,800 sqft
    2019-12-01 64 days 1,785 sqft
    2020-01-01 68 days 1,773 sqft
    2020-02-01 61 days 1,783 sqft
    2020-03-01 52 days 1,765 sqft
    2020-04-01 55 days 1,738 sqft
    2020-05-01 66 days 1,750 sqft
    2020-06-01 71 days 1,762 sqft
    2020-07-01 59 days 1,758 sqft
    2020-08-01 52 days 1,755 sqft
    2020-09-01 50 days 1,718 sqft
    2020-10-01 48 days 1,707 sqft
    2020-11-01 48 days 1,682 sqft
    2020-12-01 53 days 1,672 sqft
    2021-01-01 57 days 1,640 sqft
    2021-02-01 47 days 1,625 sqft
    2021-03-01 40 days 1,625 sqft
    2021-04-01 37 days 1,636 sqft
    2021-05-01 34 days 1,638 sqft
    2021-06-01 32 days 1,649 sqft
    2021-07-01 35 days 1,637 sqft
    2021-08-01 34 days 1,636 sqft
    2021-09-01 37 days 1,636 sqft
    2021-10-01 37 days 1,642 sqft
    2021-11-01 39 days 1,660 sqft
    2021-12-01 42 days 1,633 sqft
    2022-01-01 44 days 1,623 sqft
    2022-02-01 35 days 1,622 sqft
    2022-03-01 32 days 1,616 sqft
    2022-04-01 28 days 1,624 sqft
    2022-05-01 27 days 1,667 sqft
    2022-06-01 29 days 1,698 sqft
    Tampa's median listing age (time on market) for 2022-06-01 was 29 days. This is -11% shorter than the same period one year ago.

    Tampa's median square footage for active listings during the 2022-06-01 period was 1,698 sqft. One year prior, the average listing was 1,649 sqft.