Tampa USDA Loans

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 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.