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 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 6.11% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.48% and one month ago for the week of 2024-10-04, the average rate was 5.81%.

    The average rate one year ago was 7.34%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.83%.

    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
    2024-05-01 $425,000 (-3.2%) $640,553 (-6.1%) 0.96 15,271
    2024-06-01 $425,000 (-4.5%) $641,575 (-7.4%) 0.96 15,788
    2024-07-01 $420,500 (-6.4%) $622,860 (-9.7%) 0.96 16,256
    2024-08-01 $415,000 (-6.2%) $605,735 (-10.5%) 0.97 16,525
    2024-09-01 $414,948 (-5.5%) $594,863 (-9.3%) 0.98 16,645
    2024-10-01 $399,999 (-7.0%) $576,056 (-11.6%) 0.94 15,542
    Tampa's median listing price for 2024-10-01 was $399,999, a difference of $-29,951 (-7.0%) versus the prior year and $-14,949 versus the prior month.

    Tampa's median listing price comes in at 94% of the national average.

    Tampa's average listing price for 2024-10-01 was $576,056, a difference of $-75,384 (-11.6%) versus the prior year and $-18,807 versus the prior month.

    For the 2024-10-01 period, Tampa had 15,542 MLS listings, a difference of -1,103 listings (-7%) versus the prior month and 4,485 listings (41%) 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
    2024-05-01 51 days 1,616 sqft
    2024-06-01 53 days 1,618 sqft
    2024-07-01 61 days 1,619 sqft
    2024-08-01 64 days 1,619 sqft
    2024-09-01 66 days 1,601 sqft
    2024-10-01 73 days 1,603 sqft
    Tampa's median listing age (time on market) for 2024-10-01 was 73 days. This is 66% longer than the same period one year ago.

    Tampa's median square footage for active listings during the 2024-10-01 period was 1,603 sqft. One year prior, the average listing was 1,672 sqft.