Tampa USDA Loan Rates, Closing Costs & Stats

TAMPA-ST. PETERSBURG-CLEARWATER, FL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 0.15% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

    Tampa's average USDA mortgage closing costs are $6,278.

    The average rate for the prior week (2022-11-18) was 6.4% and one month ago for the week of 2022-10-21, the average rate was 7.02%.

    The average rate one year ago was 3.46%.

    For refis of the same type during the week of 2022-11-25, the average rate was -0.31%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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 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 $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 $274,242 (1.6%) $400,684 (0.7%) 0.90 15,596
    2019-04-01 $279,900 (0.8%) $405,565 (-0.8%) 0.89 14,790
    2019-05-01 $283,950 (2.0%) $408,307 (0.7%) 0.89 14,374
    2019-06-01 $285,000 (2.2%) $410,055 (1.2%) 0.89 14,219
    2019-07-01 $285,000 (3.1%) $406,639 (1.3%) 0.89 13,866
    2019-08-01 $282,182 (2.7%) $405,432 (1.3%) 0.89 13,799
    2019-09-01 $280,954 (4.4%) $405,723 (3.6%) 0.90 13,768
    2019-10-01 $280,000 (3.8%) $407,224 (3.3%) 0.90 13,740
    2019-11-01 $279,900 (4.0%) $409,532 (4.8%) 0.92 13,420
    2019-12-01 $279,325 (4.6%) $411,754 (6.9%) 0.93 13,070
    2020-01-01 $276,495 (4.1%) $415,583 (7.7%) 0.92 12,635
    2020-02-01 $280,000 (3.7%) $422,293 (7.4%) 0.92 12,404
    2020-03-01 $283,968 (3.6%) $425,486 (6.2%) 0.89 12,289
    2020-04-01 $279,900 (0.0%) $413,404 (1.9%) 0.88 12,487
    2020-05-01 $285,000 (0.4%) $426,037 (4.3%) 0.87 11,641
    2020-06-01 $294,500 (3.3%) $448,252 (9.3%) 0.87 9,797
    2020-07-01 $299,000 (4.9%) $463,422 (14.0%) 0.87 8,787
    2020-08-01 $299,999 (6.3%) $470,591 (16.1%) 0.86 8,159
    2020-09-01 $304,950 (8.5%) $481,156 (18.6%) 0.87 7,787
    2020-10-01 $309,900 (10.7%) $479,991 (17.9%) 0.89 7,864
    2020-11-01 $304,950 (9.0%) $476,542 (16.4%) 0.89 7,688
    2020-12-01 $299,995 (7.4%) $477,271 (15.9%) 0.89 7,060
    2021-01-01 $299,900 (8.5%) $493,342 (18.7%) 0.90 5,764
    2021-02-01 $299,450 (7.0%) $508,539 (20.4%) 0.87 4,769
    2021-03-01 $303,450 (6.9%) $515,609 (21.2%) 0.86 3,933
    2021-04-01 $320,480 (14.5%) $533,578 (29.1%) 0.87 3,553
    2021-05-01 $335,245 (17.6%) $537,985 (26.3%) 0.89 3,633
    2021-06-01 $349,900 (18.8%) $549,727 (22.6%) 0.92 4,064
    2021-07-01 $350,000 (17.1%) $563,293 (21.6%) 0.92 4,672
    2021-08-01 $359,500 (19.8%) $565,783 (20.2%) 0.96 4,874
    2021-09-01 $366,375 (20.1%) $560,428 (16.5%) 0.98 4,817
    2021-10-01 $375,000 (21.0%) $587,427 (22.4%) 1.00 4,715
    2021-11-01 $381,500 (25.1%) $597,607 (25.4%) 1.02 4,429
    2021-12-01 $377,450 (25.8%) $597,292 (25.2%) 1.02 4,076
    2022-01-01 $385,000 (28.4%) $626,033 (26.9%) 1.04 3,406
    2022-02-01 $394,250 (31.7%) $641,859 (26.2%) 1.03 2,998
    2022-03-01 $399,900 (31.8%) $660,902 (28.2%) 1.00 3,090
    2022-04-01 $420,000 (31.1%) $665,661 (24.8%) 1.00 3,439
    2022-05-01 $437,598 (30.5%) $673,348 (25.2%) 1.00 4,897
    2022-06-01 $449,450 (28.5%) $667,717 (21.5%) 1.00 6,280
    2022-07-01 $444,000 (26.9%) $644,853 (14.5%) 1.00 8,652
    2022-08-01 $437,450 (21.7%) $619,324 (9.5%) 1.01 9,642
    2022-09-01 $429,450 (17.2%) $613,221 (9.4%) 1.01 10,091
    2022-10-01 $425,000 (13.3%) $612,544 (4.3%) 1.00 10,290
    Tampa's median listing price for 2022-10-01 was $425,000, a difference of $50,000 (13.3%) versus the prior year and $-4,450 versus the prior month.

    Tampa's median listing price comes in at 100% of the national average.

    Tampa's average listing price for 2022-10-01 was $612,544, a difference of $25,117 (4.3%) versus the prior year and $-677 versus the prior month.

    For the 2022-10-01 period, Tampa had 10,290 MLS listings, a difference of 199 listings (2%) versus the prior month and 5,575 listings (118%) 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 1,781 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 1,775 sqft
    2019-04-01 58 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 60 days 1,813 sqft
    2019-09-01 62 days 1,808 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 1,769 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 1,754 sqft
    2020-08-01 51 days 1,746 sqft
    2020-09-01 49 days 1,712 sqft
    2020-10-01 46 days 1,697 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 1,610 sqft
    2021-03-01 37 days 1,612 sqft
    2021-04-01 35 days 1,628 sqft
    2021-05-01 32 days 1,635 sqft
    2021-06-01 30 days 1,641 sqft
    2021-07-01 33 days 1,630 sqft
    2021-08-01 32 days 1,628 sqft
    2021-09-01 36 days 1,625 sqft
    2021-10-01 36 days 1,632 sqft
    2021-11-01 38 days 1,647 sqft
    2021-12-01 54 days 1,621 sqft
    2022-01-01 41 days 1,608 sqft
    2022-02-01 32 days 1,607 sqft
    2022-03-01 30 days 1,601 sqft
    2022-04-01 27 days 1,613 sqft
    2022-05-01 24 days 1,645 sqft
    2022-06-01 27 days 1,687 sqft
    2022-07-01 29 days 1,702 sqft
    2022-08-01 37 days 1,714 sqft
    2022-09-01 44 days 1,720 sqft
    2022-10-01 51 days 1,707 sqft
    Tampa's median listing age (time on market) for 2022-10-01 was 51 days. This is 42% longer than the same period one year ago.

    Tampa's median square footage for active listings during the 2022-10-01 period was 1,707 sqft. One year prior, the average listing was 1,632 sqft.