Tucson USDA Loan Rates, Closing Costs & Stats

TUCSON, AZ

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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.

    Tucson's 27 lenders originated 123 USDA loans during 2021. The total origination value was $28,755,000, with an average USDA loan value of $233,780.

    Tucson USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Tucson averaged 6.03% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

    Tucson's average USDA mortgage closing costs are $5,107.

    The average rate for the prior week (2023-01-20) was 6.22% and one month ago for the week of 2022-12-23, the average rate was 6.15%.

    The average rate one year ago was 3.8%.

    For refis of the same type during the week of 2023-01-27, the average rate was 5.75%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Tucson 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 Tucson level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    SUNSTREET MORTGAGE, LLC 19 2.80% $5,276
    NOVA FINANCIAL & INVESTMENT CORPORATION 17 2.93% $4,272
    DHI MORTGAGE COMPANY, LTD. 10 2.61% $6,098
    LOANDEPOT.COM, LLC 9 3.25% $7,124
    V.I.P. MORTGAGE, INC. 9 2.75% $4,828
    GUILD MORTGAGE COMPANY 8 3.03% $6,852
    Prosperity Home Mortgage, LLC 5 2.83% $5,574
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 2.97% $6,938
    KBHS HOME LOANS, LLC 4 2.72% $10,882
    GUARANTEED RATE, INC. 4 2.63% $6,642
    Lend Smart Mortgage, LLC 4 2.88% $7,898
    FINANCE OF AMERICA MORTGAGE LLC 3 2.92% $6,914
    Nations Lending Corporation 2 2.88% $7,664
    Colten Mortgage, LLC 2 3.19% $4,853
    PENNYMAC LOAN SERVICES, LLC 2 3.25% $6,750
    ALTITUDE FINANCIAL CORPORATION 2 2.94% $5,437
    PREMIER LENDING, INC. 1 3.13% $7,628
    CHURCHILL MORTGAGE CORPORATION 1 2.63% $6,075
    SUN AMERICAN MORTGAGE COMPANY 1 3.00% $5,109
    BROKER SOLUTIONS, INC. 1 3.38% $10,068
    Flagstar Bank, FSB 1 3.13% $7,628
    SUN WEST MORTGAGE COMPANY, INC. 1 2.50% $3,547
    GUARANTEED RATE AFFINITY, LLC 1 3.00% $7,636
    Alaska USA Federal Credit Union 1 2.75% $6,479
    CROSSCOUNTRY MORTGAGE, LLC 1 3.63% $4,276
    Loan Simple, Inc. 1 2.88% $6,927
    MOVEMENT MORTGAGE, LLC 1 3.25% $7,528

    The top Tucson USDA lender as defined by loan originations is SUNSTREET MORTGAGE, LLC, with 19 USDA loans originated. Their average total fees are $5,276, which is $1,004 higher than the next largest lender, NOVA FINANCIAL & INVESTMENT CORPORATION.

    The lowest fee Tucson USDA lenders (with over 10 loans originated) are NOVA FINANCIAL & INVESTMENT CORPORATION ($4,272), SUNSTREET MORTGAGE, LLC ($5,276), DHI MORTGAGE COMPANY, LTD. ($6,098), .

    The lowest rate Tucson USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (2.61%), SUNSTREET MORTGAGE, LLC (2.80%), NOVA FINANCIAL & INVESTMENT CORPORATION (2.93%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Tucson (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 $266,975 (7.0%) $381,569 (5.7%) 0.99 3,611
    2018-02-01 $274,250 (6.7%) $388,308 (4.1%) 1.00 3,500
    2018-03-01 $274,900 (4.0%) $388,186 (2.8%) 0.96 3,450
    2018-04-01 $279,913 (5.9%) $394,170 (4.8%) 0.95 3,277
    2018-05-01 $282,400 (8.6%) $397,676 (5.9%) 0.94 3,220
    2018-06-01 $278,000 (5.4%) $391,960 (4.3%) 0.93 3,121
    2018-07-01 $279,715 (8.2%) $385,827 (5.1%) 0.93 3,090
    2018-08-01 $279,948 (9.8%) $384,650 (6.1%) 0.94 3,045
    2018-09-01 $279,900 (9.2%) $384,625 (5.9%) 0.94 3,102
    2018-10-01 $277,450 (6.9%) $383,547 (4.2%) 0.94 3,359
    2018-11-01 $279,250 (6.6%) $382,526 (1.7%) 0.95 3,481
    2018-12-01 $278,000 (6.9%) $388,378 (2.8%) 0.96 3,441
    2019-01-01 $279,500 (4.7%) $394,249 (3.3%) 0.96 3,368
    2019-02-01 $285,325 (4.0%) $403,646 (4.0%) 0.96 3,418
    2019-03-01 $293,857 (6.9%) $416,194 (7.2%) 0.96 3,289
    2019-04-01 $298,500 (6.6%) $422,001 (7.1%) 0.95 3,203
    2019-05-01 $298,641 (5.8%) $422,118 (6.2%) 0.93 3,044
    2019-06-01 $294,500 (5.9%) $413,341 (5.5%) 0.92 2,890
    2019-07-01 $287,950 (2.9%) $406,184 (5.3%) 0.90 2,798
    2019-08-01 $289,273 (3.3%) $412,223 (7.2%) 0.92 2,721
    2019-09-01 $289,682 (3.5%) $417,033 (8.4%) 0.93 2,744
    2019-10-01 $289,955 (4.5%) $418,888 (9.2%) 0.94 2,788
    2019-11-01 $286,000 (2.4%) $415,243 (8.6%) 0.94 2,817
    2019-12-01 $285,149 (2.6%) $413,325 (6.4%) 0.95 2,676
    2020-01-01 $287,500 (2.9%) $414,487 (5.1%) 0.96 2,506
    2020-02-01 $297,600 (4.3%) $428,824 (6.2%) 0.97 2,453
    2020-03-01 $299,498 (1.9%) $431,128 (3.6%) 0.94 2,409
    2020-04-01 $296,950 (-0.5%) $412,932 (-2.2%) 0.93 2,647
    2020-05-01 $300,000 (0.5%) $425,062 (0.7%) 0.91 2,341
    2020-06-01 $321,809 (9.3%) $455,939 (10.3%) 0.95 1,777
    2020-07-01 $325,000 (12.9%) $452,643 (11.4%) 0.94 1,554
    2020-08-01 $321,085 (11.0%) $457,872 (11.1%) 0.92 1,525
    2020-09-01 $315,748 (9.0%) $463,896 (11.2%) 0.90 1,536
    2020-10-01 $310,000 (6.9%) $458,095 (9.4%) 0.89 1,645
    2020-11-01 $312,617 (9.3%) $469,047 (13.0%) 0.91 1,557
    2020-12-01 $314,955 (10.5%) $470,868 (13.9%) 0.94 1,371
    2021-01-01 $319,500 (11.1%) $492,570 (18.8%) 0.95 1,173
    2021-02-01 $325,000 (9.2%) $512,011 (19.4%) 0.94 944
    2021-03-01 $334,700 (11.8%) $524,656 (21.7%) 0.95 882
    2021-04-01 $341,238 (14.9%) $525,842 (27.3%) 0.92 897
    2021-05-01 $340,000 (13.3%) $518,464 (22.0%) 0.90 937
    2021-06-01 $350,000 (8.8%) $518,746 (13.8%) 0.92 996
    2021-07-01 $350,000 (7.7%) $487,528 (7.7%) 0.92 1,184
    2021-08-01 $359,500 (12.0%) $481,492 (5.2%) 0.96 1,331
    2021-09-01 $359,950 (14.0%) $482,552 (4.0%) 0.96 1,500
    2021-10-01 $359,000 (15.8%) $477,895 (4.3%) 0.96 1,700
    2021-11-01 $359,925 (15.1%) $481,864 (2.7%) 0.96 1,676
    2021-12-01 $360,965 (14.6%) $478,960 (1.7%) 0.98 1,524
    2022-01-01 $364,900 (14.2%) $499,152 (1.3%) 0.99 1,366
    2022-02-01 $375,000 (15.4%) $536,239 (4.7%) 0.98 1,086
    2022-03-01 $387,810 (15.9%) $559,082 (6.6%) 0.97 1,001
    2022-04-01 $399,250 (17.0%) $564,543 (7.4%) 0.95 1,034
    2022-05-01 $406,223 (19.5%) $579,904 (11.9%) 0.93 1,209
    2022-06-01 $410,178 (17.2%) $568,103 (9.5%) 0.91 1,517
    2022-07-01 $399,900 (14.3%) $541,091 (11.0%) 0.90 1,950
    2022-08-01 $390,000 (8.5%) $518,118 (7.6%) 0.90 2,167
    2022-09-01 $382,594 (6.3%) $506,821 (5.0%) 0.90 2,366
    2022-10-01 $379,000 (5.6%) $503,982 (5.5%) 0.89 2,641
    2022-11-01 $375,000 (4.2%) $509,524 (5.7%) 0.90 2,786
    2022-12-01 $374,900 (3.9%) $507,165 (5.9%) 0.94 2,602
    Tucson's median listing price for 2022-12-01 was $374,900, a difference of $13,935 (3.9%) versus the prior year and $-100 versus the prior month.

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

    Tucson's average listing price for 2022-12-01 was $507,165, a difference of $28,205 (5.9%) versus the prior year and $-2,359 versus the prior month.

    For the 2022-12-01 period, Tucson had 2,602 MLS listings, a difference of -184 listings (-7%) versus the prior month and 1,078 listings (71%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tucson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 65 days 2,004 sqft
    2018-02-01 54 days 2,030 sqft
    2018-03-01 51 days 2,036 sqft
    2018-04-01 52 days 2,052 sqft
    2018-05-01 50 days 2,058 sqft
    2018-06-01 51 days 2,013 sqft
    2018-07-01 54 days 2,026 sqft
    2018-08-01 56 days 2,019 sqft
    2018-09-01 54 days 2,020 sqft
    2018-10-01 51 days 1,987 sqft
    2018-11-01 52 days 1,987 sqft
    2018-12-01 59 days 1,962 sqft
    2019-01-01 64 days 1,993 sqft
    2019-02-01 50 days 2,029 sqft
    2019-03-01 49 days 2,058 sqft
    2019-04-01 53 days 2,063 sqft
    2019-05-01 52 days 2,048 sqft
    2019-06-01 53 days 2,050 sqft
    2019-07-01 52 days 2,020 sqft
    2019-08-01 51 days 2,026 sqft
    2019-09-01 51 days 2,025 sqft
    2019-10-01 51 days 2,024 sqft
    2019-11-01 54 days 1,976 sqft
    2019-12-01 62 days 1,960 sqft
    2020-01-01 61 days 1,981 sqft
    2020-02-01 45 days 1,994 sqft
    2020-03-01 44 days 1,997 sqft
    2020-04-01 45 days 1,958 sqft
    2020-05-01 57 days 1,977 sqft
    2020-06-01 60 days 2,009 sqft
    2020-07-01 55 days 2,008 sqft
    2020-08-01 53 days 1,982 sqft
    2020-09-01 51 days 1,937 sqft
    2020-10-01 50 days 1,905 sqft
    2020-11-01 51 days 1,911 sqft
    2020-12-01 56 days 1,905 sqft
    2021-01-01 53 days 1,912 sqft
    2021-02-01 43 days 1,903 sqft
    2021-03-01 39 days 1,920 sqft
    2021-04-01 36 days 1,873 sqft
    2021-05-01 34 days 1,870 sqft
    2021-06-01 34 days 1,879 sqft
    2021-07-01 31 days 1,844 sqft
    2021-08-01 31 days 1,852 sqft
    2021-09-01 33 days 1,851 sqft
    2021-10-01 34 days 1,842 sqft
    2021-11-01 37 days 1,867 sqft
    2021-12-01 44 days 1,862 sqft
    2022-01-01 45 days 1,860 sqft
    2022-02-01 38 days 1,865 sqft
    2022-03-01 36 days 1,877 sqft
    2022-04-01 32 days 1,881 sqft
    2022-05-01 30 days 1,912 sqft
    2022-06-01 30 days 1,909 sqft
    2022-07-01 32 days 1,872 sqft
    2022-08-01 37 days 1,833 sqft
    2022-09-01 42 days 1,816 sqft
    2022-10-01 45 days 1,810 sqft
    2022-11-01 50 days 1,812 sqft
    2022-12-01 60 days 1,809 sqft
    Tucson's median listing age (time on market) for 2022-12-01 was 60 days. This is 36% longer than the same period one year ago.

    Tucson's median square footage for active listings during the 2022-12-01 period was 1,809 sqft. One year prior, the average listing was 1,862 sqft.