Tampa USDA Loan Rates, Closing Costs & Stats
TAMPA-ST. PETERSBURG-CLEARWATER, 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.
Tampa's 19 lenders originated 28 USDA loans during 2023. The total origination value was $8,050,000, with an average USDA loan value of $287,500.
Tampa USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Tampa
averaged
6.8%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Tampa's average USDA mortgage closing costs are $6,499.
The average rate for the prior week (2024-04-12) was
6.75% and
one month ago for the week of 2024-03-15, the
average rate was 6.43%.
The average rate one year ago was 5.97%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.02%.
Tampa 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 Tampa level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | 5 | 5.98% | $9,083 |
| FBC MORTGAGE, LLC | 2 | 4.93% | $5,623 |
| Equity Prime Mortgage LLC | 2 | 6.13% | $11,675 |
| HOME SOLUTION LENDERS INC. | 2 | 5.31% | $19,100 |
| EVERETT FINANCIAL, INC. | 1 | 7.13% | $8,191 |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | 1 | 6.75% | $10,077 |
| MOVEMENT MORTGAGE, LLC | 1 | 5.63% | $12,831 |
| NEWREZ LLC | 1 | 5.75% | $10,204 |
| NVR Mortgage Finance, Inc. | 1 | 4.88% | $16,308 |
| Plains Commerce Bank | 1 | 7.00% | $12,625 |
| Sierra Pacific Mortgage Company, Inc. | 1 | 7.13% | $8,760 |
| SOUTHPOINT FINANCIAL SERVICES, INC. | 1 | 5.50% | $5,427 |
| STOCKTON MORTGAGE CORPORATION | 1 | 6.25% | $8,833 |
| SUCCESS MORTGAGE PARTNERS, INC. | 1 | 7.13% | $9,291 |
| ABSOLUTE HOME MORTGAGE CORPORATION | 1 | 5.63% | $9,972 |
| VANDERBILT MORTGAGE AND FINANCE, INC. | 1 | 4.88% | $18,508 |
| CALIBER HOME LOANS, INC. | 1 | 4.75% | $16,461 |
| CMG MORTGAGE, INC. | 1 | 6.25% | $12,660 |
| EMM LOANS LLC | 1 | 6.13% | $9,627 |
The top Tampa USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
5 USDA loans originated. Their average total fees are
$9,083, which is $3,460
higher than the next largest lender,
FBC MORTGAGE, LLC.
The lowest fee Tampa USDA lenders (with over 10 loans originated) are
.
The lowest rate Tampa USDA lenders (with over 10 loans originated) are
.
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 | $266,250 (6.5%) | $395,388 (3.4%) | 0.99 | 13,114 |
| 2018-02-01 | $267,736 (4.0%) | $394,066 (0.9%) | 0.97 | 13,295 |
| 2018-03-01 | $269,900 (3.8%) | $397,972 (0.9%) | 0.95 | 13,381 |
| 2018-04-01 | $277,750 (4.8%) | $408,745 (2.1%) | 0.94 | 13,194 |
| 2018-05-01 | $278,320 (3.1%) | $405,556 (0.7%) | 0.93 | 13,361 |
| 2018-06-01 | $279,000 (3.3%) | $405,160 (0.6%) | 0.93 | 13,524 |
| 2018-07-01 | $276,545 (2.5%) | $401,532 (1.0%) | 0.92 | 13,653 |
| 2018-08-01 | $274,750 (1.8%) | $400,410 (1.0%) | 0.92 | 13,824 |
| 2018-09-01 | $269,040 (-0.2%) | $391,542 (-0.6%) | 0.90 | 14,121 |
| 2018-10-01 | $269,825 (1.0%) | $394,341 (0.0%) | 0.91 | 14,644 |
| 2018-11-01 | $269,020 (0.1%) | $390,665 (-1.6%) | 0.91 | 15,346 |
| 2018-12-01 | $267,000 (0.8%) | $385,354 (-2.1%) | 0.92 | 15,537 |
| 2019-01-01 | $265,495 (-0.3%) | $385,653 (-2.5%) | 0.92 | 15,824 |
| 2019-02-01 | $269,900 (0.8%) | $392,998 (-0.3%) | 0.91 | 16,085 |
| 2019-03-01 | $274,242 (1.6%) | $400,617 (0.7%) | 0.90 | 15,593 |
| 2019-04-01 | $279,900 (0.8%) | $405,434 (-0.8%) | 0.89 | 14,784 |
| 2019-05-01 | $284,042 (2.1%) | $408,326 (0.7%) | 0.89 | 14,365 |
| 2019-06-01 | $285,000 (2.2%) | $410,145 (1.2%) | 0.89 | 14,208 |
| 2019-07-01 | $285,000 (3.1%) | $406,717 (1.3%) | 0.89 | 13,854 |
| 2019-08-01 | $282,396 (2.8%) | $405,592 (1.3%) | 0.89 | 13,788 |
| 2019-09-01 | $281,048 (4.5%) | $406,014 (3.7%) | 0.90 | 13,756 |
| 2019-10-01 | $280,000 (3.8%) | $407,467 (3.3%) | 0.90 | 13,727 |
| 2019-11-01 | $279,900 (4.0%) | $409,672 (4.9%) | 0.92 | 13,406 |
| 2019-12-01 | $279,450 (4.7%) | $411,875 (6.9%) | 0.93 | 13,056 |
| 2020-01-01 | $276,700 (4.2%) | $415,741 (7.8%) | 0.92 | 12,621 |
| 2020-02-01 | $280,000 (3.7%) | $422,456 (7.5%) | 0.92 | 12,390 |
| 2020-03-01 | $284,000 (3.6%) | $425,706 (6.3%) | 0.89 | 12,273 |
| 2020-04-01 | $279,900 (0.0%) | $413,553 (2.0%) | 0.88 | 12,472 |
| 2020-05-01 | $285,000 (0.3%) | $426,215 (4.4%) | 0.87 | 11,626 |
| 2020-06-01 | $294,728 (3.4%) | $448,478 (9.4%) | 0.87 | 9,783 |
| 2020-07-01 | $299,178 (5.0%) | $463,681 (14.0%) | 0.87 | 8,773 |
| 2020-08-01 | $299,999 (6.2%) | $470,876 (16.1%) | 0.86 | 8,145 |
| 2020-09-01 | $304,950 (8.5%) | $481,459 (18.6%) | 0.87 | 7,775 |
| 2020-10-01 | $309,900 (10.7%) | $480,254 (17.9%) | 0.89 | 7,853 |
| 2020-11-01 | $305,000 (9.0%) | $476,813 (16.4%) | 0.89 | 7,677 |
| 2020-12-01 | $299,996 (7.4%) | $477,575 (16.0%) | 0.89 | 7,050 |
| 2021-01-01 | $299,900 (8.4%) | $493,734 (18.8%) | 0.90 | 5,753 |
| 2021-02-01 | $299,700 (7.0%) | $507,769 (20.2%) | 0.87 | 4,756 |
| 2021-03-01 | $304,041 (7.1%) | $515,492 (21.1%) | 0.86 | 3,920 |
| 2021-04-01 | $321,548 (14.9%) | $533,800 (29.1%) | 0.87 | 3,539 |
| 2021-05-01 | $337,428 (18.4%) | $539,796 (26.7%) | 0.90 | 3,620 |
| 2021-06-01 | $349,900 (18.7%) | $550,544 (22.8%) | 0.92 | 4,054 |
| 2021-07-01 | $350,000 (17.0%) | $564,725 (21.8%) | 0.92 | 4,662 |
| 2021-08-01 | $359,950 (20.0%) | $567,128 (20.4%) | 0.96 | 4,864 |
| 2021-09-01 | $367,000 (20.4%) | $562,134 (16.8%) | 0.98 | 4,805 |
| 2021-10-01 | $375,000 (21.0%) | $588,911 (22.6%) | 1.00 | 4,703 |
| 2021-11-01 | $382,000 (25.3%) | $599,162 (25.7%) | 1.02 | 4,415 |
| 2021-12-01 | $378,450 (26.2%) | $598,379 (25.3%) | 1.03 | 4,062 |
| 2022-01-01 | $385,000 (28.4%) | $627,165 (27.0%) | 1.04 | 3,392 |
| 2022-02-01 | $395,794 (32.1%) | $643,015 (26.6%) | 1.03 | 2,985 |
| 2022-03-01 | $399,950 (31.5%) | $661,580 (28.3%) | 1.00 | 3,076 |
| 2022-04-01 | $421,000 (30.9%) | $668,837 (25.3%) | 1.00 | 3,425 |
| 2022-05-01 | $439,625 (30.3%) | $674,221 (24.9%) | 1.01 | 4,883 |
| 2022-06-01 | $449,450 (28.5%) | $667,079 (21.2%) | 1.00 | 6,266 |
| 2022-07-01 | $444,900 (27.1%) | $644,368 (14.1%) | 1.00 | 8,638 |
| 2022-08-01 | $437,450 (21.5%) | $619,248 (9.2%) | 1.01 | 9,629 |
| 2022-09-01 | $429,450 (17.0%) | $612,959 (9.0%) | 1.00 | 10,076 |
| 2022-10-01 | $425,000 (13.3%) | $612,369 (4.0%) | 1.00 | 10,276 |
| 2022-11-01 | $415,000 (8.6%) | $604,228 (0.9%) | 1.00 | 11,129 |
| 2022-12-01 | $409,000 (8.1%) | $599,862 (0.3%) | 1.01 | 10,926 |
| 2023-01-01 | $400,000 (3.9%) | $608,470 (-3.0%) | 0.99 | 10,410 |
| 2023-02-01 | $400,000 (1.1%) | $622,584 (-3.2%) | 0.97 | 9,686 |
| 2023-03-01 | $410,000 (2.5%) | $651,365 (-1.5%) | 0.97 | 8,848 |
| 2023-04-01 | $412,000 (-2.1%) | $650,306 (-2.8%) | 0.96 | 8,624 |
| 2023-05-01 | $439,000 (-0.1%) | $682,374 (1.2%) | 1.00 | 8,149 |
| 2023-06-01 | $445,000 (-1.0%) | $692,472 (3.8%) | 1.00 | 8,178 |
| 2023-07-01 | $449,000 (0.9%) | $689,992 (7.1%) | 1.02 | 8,341 |
| 2023-08-01 | $442,500 (1.2%) | $676,636 (9.3%) | 1.02 | 8,691 |
| 2023-09-01 | $439,244 (2.3%) | $655,991 (7.0%) | 1.02 | 9,566 |
| 2023-10-01 | $429,950 (1.2%) | $651,440 (6.4%) | 1.01 | 11,057 |
| 2023-11-01 | $425,000 (2.4%) | $634,286 (5.0%) | 1.01 | 12,245 |
| 2023-12-01 | $420,000 (2.7%) | $627,779 (4.7%) | 1.02 | 12,399 |
| 2024-01-01 | $419,450 (4.9%) | $629,556 (3.5%) | 1.02 | 12,506 |
| 2024-02-01 | $415,500 (3.9%) | $623,443 (0.1%) | 1.00 | 13,201 |
| 2024-03-01 | $419,000 (2.2%) | $624,384 (-4.1%) | 0.99 | 14,010 |
Tampa's median listing price comes in at 99% of the national average.
Tampa's average listing price for 2024-03-01 was $624,384, a difference of $-26,981 (-4.1%) versus the prior year and $941 versus the prior month.
For the 2024-03-01 period, Tampa had 14,010 MLS listings, a difference of 809 listings (6%) versus the prior month and 5,162 listings (58%) 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 | 64 days | 1,790 sqft |
| 2018-02-01 | 54 days | 1,797 sqft |
| 2018-03-01 | 50 days | 1,811 sqft |
| 2018-04-01 | 51 days | 1,829 sqft |
| 2018-05-01 | 50 days | 1,830 sqft |
| 2018-06-01 | 52 days | 1,835 sqft |
| 2018-07-01 | 54 days | 1,827 sqft |
| 2018-08-01 | 56 days | 1,824 sqft |
| 2018-09-01 | 57 days | 1,788 sqft |
| 2018-10-01 | 54 days | 1,797 sqft |
| 2018-11-01 | 54 days | 1,782 sqft |
| 2018-12-01 | 59 days | 1,755 sqft |
| 2019-01-01 | 67 days | 1,744 sqft |
| 2019-02-01 | 62 days | 1,753 sqft |
| 2019-03-01 | 55 days | 1,775 sqft |
| 2019-04-01 | 57 days | 1,796 sqft |
| 2019-05-01 | 57 days | 1,819 sqft |
| 2019-06-01 | 57 days | 1,828 sqft |
| 2019-07-01 | 57 days | 1,820 sqft |
| 2019-08-01 | 58 days | 1,813 sqft |
| 2019-09-01 | 59 days | 1,808 sqft |
| 2019-10-01 | 60 days | 1,804 sqft |
| 2019-11-01 | 58 days | 1,787 sqft |
| 2019-12-01 | 62 days | 1,774 sqft |
| 2020-01-01 | 66 days | 1,761 sqft |
| 2020-02-01 | 57 days | 1,770 sqft |
| 2020-03-01 | 50 days | 1,757 sqft |
| 2020-04-01 | 53 days | 1,734 sqft |
| 2020-05-01 | 64 days | 1,746 sqft |
| 2020-06-01 | 64 days | 1,754 sqft |
| 2020-07-01 | 55 days | 1,754 sqft |
| 2020-08-01 | 48 days | 1,747 sqft |
| 2020-09-01 | 47 days | 1,713 sqft |
| 2020-10-01 | 44 days | 1,698 sqft |
| 2020-11-01 | 45 days | 1,674 sqft |
| 2020-12-01 | 50 days | 1,660 sqft |
| 2021-01-01 | 54 days | 1,630 sqft |
| 2021-02-01 | 40 days | 1,612 sqft |
| 2021-03-01 | 35 days | 1,614 sqft |
| 2021-04-01 | 33 days | 1,630 sqft |
| 2021-05-01 | 31 days | 1,635 sqft |
| 2021-06-01 | 29 days | 1,641 sqft |
| 2021-07-01 | 32 days | 1,631 sqft |
| 2021-08-01 | 31 days | 1,629 sqft |
| 2021-09-01 | 36 days | 1,626 sqft |
| 2021-10-01 | 35 days | 1,633 sqft |
| 2021-11-01 | 37 days | 1,648 sqft |
| 2021-12-01 | 53 days | 1,623 sqft |
| 2022-01-01 | 40 days | 1,610 sqft |
| 2022-02-01 | 31 days | 1,608 sqft |
| 2022-03-01 | 29 days | 1,602 sqft |
| 2022-04-01 | 26 days | 1,616 sqft |
| 2022-05-01 | 24 days | 1,649 sqft |
| 2022-06-01 | 26 days | 1,690 sqft |
| 2022-07-01 | 29 days | 1,704 sqft |
| 2022-08-01 | 37 days | 1,716 sqft |
| 2022-09-01 | 44 days | 1,720 sqft |
| 2022-10-01 | 50 days | 1,708 sqft |
| 2022-11-01 | 54 days | 1,690 sqft |
| 2022-12-01 | 58 days | 1,680 sqft |
| 2023-01-01 | 65 days | 1,673 sqft |
| 2023-02-01 | 59 days | 1,667 sqft |
| 2023-03-01 | 51 days | 1,673 sqft |
| 2023-04-01 | 49 days | 1,673 sqft |
| 2023-05-01 | 46 days | 1,686 sqft |
| 2023-06-01 | 46 days | 1,700 sqft |
| 2023-07-01 | 46 days | 1,702 sqft |
| 2023-08-01 | 44 days | 1,689 sqft |
| 2023-09-01 | 44 days | 1,690 sqft |
| 2023-10-01 | 44 days | 1,672 sqft |
| 2023-11-01 | 47 days | 1,652 sqft |
| 2023-12-01 | 57 days | 1,622 sqft |
| 2024-01-01 | 64 days | 1,600 sqft |
| 2024-02-01 | 57 days | 1,590 sqft |
| 2024-03-01 | 51 days | 1,598 sqft |
Tampa's median square footage for active listings during the 2024-03-01 period was 1,598 sqft. One year prior, the average listing was 1,673 sqft.