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 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.