Tampa USDA Loan Rates, Closing Costs & Stats

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 33 lenders originated 68 USDA loans during 2022. The total origination value was $17,080,000, with an average USDA loan value of $251,176.

    Tampa USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Tampa averaged 6.03% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

    Tampa's average USDA mortgage closing costs are $6,404.

    The average rate for the prior week (2023-05-19) was 5.87% and one month ago for the week of 2023-04-21, the average rate was 5.98%.

    The average rate one year ago was 4.9%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.37%.

    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/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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    CALIBER HOME LOANS, INC. 7 4.61% $7,412
    NVR Mortgage Finance, Inc. 5 3.65% $9,641
    FBC MORTGAGE, LLC 5 4.05% $11,912
    UNITED WHOLESALE MORTGAGE, LLC 5 4.56% $8,765
    HOME POINT FINANCIAL CORPORATION 4 4.03% $9,129
    METROPLEX MORTGAGE SERVICES, INC. 4 3.13% $6,308
    Paramount Residential Mortgage Group, Inc. 3 5.04% $8,211
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.71% $6,361
    MOVEMENT MORTGAGE, LLC 2 6.13% $9,755
    South State Bank 2 2.63% $6,890
    DHI MORTGAGE COMPANY, LTD. 2 3.75% $9,139
    ABSOLUTE HOME MORTGAGE CORPORATION 1 4.00% $6,572
    KELLER MORTGAGE, LLC 1 4.13% $7,168
    MORIA DEVELOPMENT, INC. 1 5.13% $13,697
    Mortgage Assurance Inc. 1 5.75% $3,923
    PENNYMAC LOAN SERVICES, LLC 1 3.00% $5,648
    PLAZA HOME MORTGAGE, INC. 1 3.63% $9,633
    SAN ANTONIO CITIZENS 1 5.25% $5,114
    SOUTHWEST FUNDING, LP 1 5.50% $11,796
    SUN WEST MORTGAGE COMPANY, INC. 1 4.13% $10,659
    Synovus Bank 1 5.38% $12,270
    TJC Mortgage, Inc. 1 5.13% $7,888
    Hometown Equity Mortgage, LLC 1 2.75% $8,129
    CARDINAL FINANCIAL 1 5.75% $5,612
    Century Mortgage Company DBA Century Lending Company 1 3.75% $8,531
    CROSSCOUNTRY MORTGAGE, LLC 1 4.63% $6,364
    EAGLE HOME MORTGAGE, LLC 1 4.75% $7,622
    Equity Prime Mortgage LLC 1 4.38% $6,866
    First Guaranty Mortgage Corporation 1 2.88% $4,630
    Flagstar Bank, FSB 1 5.75% $15,079
    GUARANTEED RATE, INC. 1 5.88% $12,792
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 4.99% $13,606
    HOME SOLUTION LENDERS INC. 1 3.63% $8,723

    The top Tampa USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 7 USDA loans originated. Their average total fees are $7,412, which is $2,229 lower than the next largest lender, NVR Mortgage Finance, Inc..

    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%) $395,404 (3.4%) 0.99 13,116
    2018-02-01 $267,722 (4.0%) $394,093 (0.9%) 0.97 13,297
    2018-03-01 $269,900 (3.8%) $398,001 (0.9%) 0.95 13,383
    2018-04-01 $277,750 (4.8%) $408,751 (2.1%) 0.94 13,195
    2018-05-01 $278,320 (3.1%) $405,554 (0.7%) 0.93 13,361
    2018-06-01 $279,000 (3.3%) $405,178 (0.6%) 0.93 13,524
    2018-07-01 $276,545 (2.5%) $401,501 (0.9%) 0.92 13,653
    2018-08-01 $274,748 (1.8%) $400,348 (1.0%) 0.92 13,824
    2018-09-01 $269,040 (-0.2%) $391,554 (-0.6%) 0.90 14,120
    2018-10-01 $269,700 (0.9%) $394,349 (0.0%) 0.91 14,643
    2018-11-01 $269,020 (0.1%) $390,669 (-1.6%) 0.91 15,344
    2018-12-01 $267,000 (0.8%) $385,355 (-2.1%) 0.92 15,537
    2019-01-01 $265,495 (-0.3%) $385,715 (-2.5%) 0.92 15,824
    2019-02-01 $269,900 (0.8%) $393,071 (-0.3%) 0.91 16,085
    2019-03-01 $273,174 (1.2%) $394,843 (-0.8%) 0.91 15,671
    2019-04-01 $279,900 (0.8%) $405,487 (-0.8%) 0.89 14,796
    2019-05-01 $283,996 (2.0%) $408,350 (0.7%) 0.89 14,366
    2019-06-01 $285,000 (2.2%) $410,154 (1.2%) 0.89 14,209
    2019-07-01 $285,000 (3.1%) $406,732 (1.3%) 0.89 13,852
    2019-08-01 $289,900 (5.5%) $415,631 (3.8%) 0.91 13,521
    2019-09-01 $289,450 (7.6%) $421,163 (7.6%) 0.91 12,240
    2019-10-01 $280,000 (3.8%) $408,640 (3.6%) 0.90 13,718
    2019-11-01 $279,900 (4.0%) $409,663 (4.9%) 0.92 13,406
    2019-12-01 $279,450 (4.7%) $411,886 (6.9%) 0.93 13,056
    2020-01-01 $276,900 (4.3%) $415,728 (7.8%) 0.93 12,621
    2020-02-01 $280,000 (3.7%) $422,453 (7.5%) 0.92 12,390
    2020-03-01 $284,000 (4.0%) $425,639 (7.8%) 0.89 12,275
    2020-04-01 $279,900 (0.0%) $413,544 (2.0%) 0.88 12,473
    2020-05-01 $285,000 (0.4%) $426,203 (4.4%) 0.87 11,627
    2020-06-01 $294,715 (3.4%) $448,470 (9.3%) 0.87 9,783
    2020-07-01 $299,178 (5.0%) $463,681 (14.0%) 0.87 8,773
    2020-08-01 $299,999 (3.5%) $470,876 (13.3%) 0.86 8,145
    2020-09-01 $304,950 (5.4%) $481,459 (14.3%) 0.87 7,775
    2020-10-01 $309,900 (10.7%) $480,254 (17.5%) 0.89 7,853
    2020-11-01 $305,000 (9.0%) $476,813 (16.4%) 0.89 7,677
    2020-12-01 $299,995 (7.4%) $477,561 (15.9%) 0.89 7,049
    2021-01-01 $299,900 (8.3%) $493,768 (18.8%) 0.90 5,752
    2021-02-01 $299,750 (7.1%) $509,072 (20.5%) 0.87 4,756
    2021-03-01 $304,041 (7.1%) $516,200 (21.3%) 0.86 3,920
    2021-04-01 $321,695 (14.9%) $534,299 (29.2%) 0.87 3,539
    2021-05-01 $337,500 (18.4%) $540,007 (26.7%) 0.90 3,621
    2021-06-01 $349,900 (18.7%) $550,728 (22.8%) 0.92 4,055
    2021-07-01 $350,000 (17.0%) $564,882 (21.8%) 0.92 4,663
    2021-08-01 $359,950 (20.0%) $567,579 (20.5%) 0.96 4,866
    2021-09-01 $367,000 (20.4%) $562,387 (16.8%) 0.98 4,807
    2021-10-01 $375,000 (21.0%) $589,223 (22.7%) 1.00 4,704
    2021-11-01 $382,000 (25.3%) $599,428 (25.7%) 1.02 4,416
    2021-12-01 $378,450 (26.2%) $599,207 (25.5%) 1.03 4,063
    2022-01-01 $385,000 (28.4%) $628,506 (27.3%) 1.04 3,393
    2022-02-01 $394,638 (31.7%) $643,397 (26.4%) 1.03 2,985
    2022-03-01 $399,950 (31.5%) $662,379 (28.3%) 1.00 3,077
    2022-04-01 $422,990 (31.5%) $666,895 (24.8%) 1.01 3,426
    2022-05-01 $439,723 (30.3%) $674,385 (24.9%) 1.01 4,884
    2022-06-01 $449,450 (28.5%) $668,550 (21.4%) 1.00 6,268
    2022-07-01 $444,900 (27.1%) $645,452 (14.3%) 1.01 8,640
    2022-08-01 $437,900 (21.7%) $619,901 (9.2%) 1.01 9,631
    2022-09-01 $429,450 (17.0%) $613,656 (9.1%) 1.00 10,078
    2022-10-01 $425,000 (13.3%) $612,985 (4.0%) 1.00 10,277
    2022-11-01 $415,000 (8.6%) $604,451 (0.8%) 1.00 11,130
    2022-12-01 $409,900 (8.3%) $600,021 (0.1%) 1.01 10,928
    2023-01-01 $400,000 (3.9%) $609,300 (-3.1%) 0.99 10,410
    2023-02-01 $400,000 (1.4%) $623,272 (-3.1%) 0.97 9,687
    2023-03-01 $411,000 (2.8%) $652,215 (-1.5%) 0.97 8,849
    2023-04-01 $410,000 (-3.1%) $650,983 (-2.4%) 0.95 8,624
    Tampa's median listing price for 2023-04-01 was $410,000, a difference of $-12,990 (-3.1%) versus the prior year and $-1,000 versus the prior month.

    Tampa's median listing price comes in at 95% of the national average.

    Tampa's average listing price for 2023-04-01 was $650,983, a difference of $-15,912 (-2.4%) versus the prior year and $-1,232 versus the prior month.

    For the 2023-04-01 period, Tampa had 8,624 MLS listings, a difference of -225 listings (-3%) versus the prior month and 5,198 listings (152%) 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 1,790 sqft
    2018-02-01 58 days 1,797 sqft
    2018-03-01 51 days 1,811 sqft
    2018-04-01 53 days 1,829 sqft
    2018-05-01 52 days 1,830 sqft
    2018-06-01 54 days 1,836 sqft
    2018-07-01 58 days 1,827 sqft
    2018-08-01 58 days 1,824 sqft
    2018-09-01 59 days 1,788 sqft
    2018-10-01 57 days 1,797 sqft
    2018-11-01 57 days 1,782 sqft
    2018-12-01 61 days 1,755 sqft
    2019-01-01 70 days 1,744 sqft
    2019-02-01 65 days 1,753 sqft
    2019-03-01 58 days 1,760 sqft
    2019-04-01 59 days 1,796 sqft
    2019-05-01 60 days 1,819 sqft
    2019-06-01 59 days 1,828 sqft
    2019-07-01 59 days 1,820 sqft
    2019-08-01 67 days 1,833 sqft
    2019-09-01 71 days 1,833 sqft
    2019-10-01 64 days 1,804 sqft
    2019-11-01 60 days 1,787 sqft
    2019-12-01 65 days 1,774 sqft
    2020-01-01 68 days 1,761 sqft
    2020-02-01 60 days 1,770 sqft
    2020-03-01 52 days 1,757 sqft
    2020-04-01 56 days 1,734 sqft
    2020-05-01 66 days 1,746 sqft
    2020-06-01 69 days 1,754 sqft
    2020-07-01 58 days 1,755 sqft
    2020-08-01 51 days 1,747 sqft
    2020-09-01 49 days 1,713 sqft
    2020-10-01 46 days 1,698 sqft
    2020-11-01 47 days 1,674 sqft
    2020-12-01 52 days 1,660 sqft
    2021-01-01 57 days 1,630 sqft
    2021-02-01 43 days 1,611 sqft
    2021-03-01 37 days 1,613 sqft
    2021-04-01 35 days 1,629 sqft
    2021-05-01 32 days 1,635 sqft
    2021-06-01 30 days 1,641 sqft
    2021-07-01 33 days 1,631 sqft
    2021-08-01 32 days 1,629 sqft
    2021-09-01 36 days 1,626 sqft
    2021-10-01 35 days 1,633 sqft
    2021-11-01 38 days 1,648 sqft
    2021-12-01 54 days 1,622 sqft
    2022-01-01 41 days 1,610 sqft
    2022-02-01 32 days 1,610 sqft
    2022-03-01 30 days 1,602 sqft
    2022-04-01 27 days 1,616 sqft
    2022-05-01 24 days 1,647 sqft
    2022-06-01 27 days 1,688 sqft
    2022-07-01 29 days 1,702 sqft
    2022-08-01 37 days 1,715 sqft
    2022-09-01 44 days 1,720 sqft
    2022-10-01 51 days 1,708 sqft
    2022-11-01 54 days 1,690 sqft
    2022-12-01 59 days 1,679 sqft
    2023-01-01 66 days 1,673 sqft
    2023-02-01 60 days 1,666 sqft
    2023-03-01 52 days 1,673 sqft
    2023-04-01 50 days 1,673 sqft
    Tampa's median listing age (time on market) for 2023-04-01 was 50 days. This is 85% longer than the same period one year ago.

    Tampa's median square footage for active listings during the 2023-04-01 period was 1,673 sqft. One year prior, the average listing was 1,616 sqft.