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 6.62% for the week of 2024-05-10, compared to the national average (all USDA variants) of 6.785% for the same period.

Tampa's average USDA mortgage closing costs are $6,499.

The average rate for the prior week (2024-05-03) was 6.51% and one month ago for the week of 2024-04-05, the average rate was 6.26%.

The average rate one year ago was 6.05%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.84%.

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 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
2024-04-01 $419,950 (1.9%) $630,268 (-3.1%) 0.98 14,622
Tampa's median listing price for 2024-04-01 was $419,950, a difference of $7,950 (1.9%) versus the prior year and $950 versus the prior month.

Tampa's median listing price comes in at 98% of the national average.

Tampa's average listing price for 2024-04-01 was $630,268, a difference of $-20,038 (-3.1%) versus the prior year and $5,884 versus the prior month.

For the 2024-04-01 period, Tampa had 14,622 MLS listings, a difference of 612 listings (4%) versus the prior month and 5,998 listings (70%) 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
2024-04-01 52 days 1,602 sqft
Tampa's median listing age (time on market) for 2024-04-01 was 52 days. This is 6% longer than the same period one year ago.

Tampa's median square footage for active listings during the 2024-04-01 period was 1,602 sqft. One year prior, the average listing was 1,673 sqft.