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 13 lenders originated 24 USDA loans during 2023. The total origination value was $6,950,000, with an average USDA loan value of $289,583.

    Tucson USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Tucson averaged 6.79% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Tucson's average USDA mortgage closing costs are $5,490.

    The average rate for the prior week (2024-04-12) was 6.64% and one month ago for the week of 2024-03-15, the average rate was 6.43%.

    The average rate one year ago was 6.27%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 4 5.61% $12,915
    V.I.P. MORTGAGE, INC. 3 6.21% $7,940
    NOVA FINANCIAL & INVESTMENT CORPORATION 3 6.21% $5,249
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.33% $13,565
    ALTITUDE FINANCIAL CORPORATION 2 6.06% $6,861
    DHI MORTGAGE COMPANY, LTD. 2 5.44% $8,077
    LOANDEPOT.COM, LLC 1 6.25% $18,126
    MORIA DEVELOPMENT, INC. 1 6.13% $6,654
    MOVEMENT MORTGAGE, LLC 1 5.88% $15,226
    NEWREZ LLC 1 5.25% $14,638
    GUARANTEED RATE, INC. 1 5.50% $12,359
    Prosperity Home Mortgage, LLC 1 6.63% $6,340
    Flagstar Bank, FSB 1 6.00% $9,661

    The top Tucson USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 4 USDA loans originated. Their average total fees are $12,915, which is $4,975 higher than the next largest lender, V.I.P. MORTGAGE, INC..

    The lowest fee Tucson USDA lenders (with over 10 loans originated) are .

    The lowest rate Tucson USDA lenders (with over 10 loans originated) are .

    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 $266,950 (7.0%) $381,596 (5.7%) 0.99 3,610
    2018-02-01 $274,246 (7.0%) $388,338 (4.1%) 1.00 3,499
    2018-03-01 $274,900 (4.1%) $388,216 (2.8%) 0.96 3,449
    2018-04-01 $279,925 (5.9%) $394,203 (4.8%) 0.95 3,276
    2018-05-01 $282,400 (8.7%) $397,709 (5.9%) 0.94 3,219
    2018-06-01 $278,000 (5.5%) $391,960 (4.2%) 0.93 3,121
    2018-07-01 $279,808 (8.5%) $385,922 (5.1%) 0.93 3,089
    2018-08-01 $279,948 (9.8%) $384,745 (6.1%) 0.94 3,044
    2018-09-01 $279,900 (9.2%) $384,625 (5.9%) 0.94 3,102
    2018-10-01 $277,450 (7.0%) $383,700 (4.3%) 0.94 3,358
    2018-11-01 $279,313 (6.7%) $382,574 (1.7%) 0.95 3,480
    2018-12-01 $278,000 (6.9%) $388,460 (2.8%) 0.96 3,440
    2019-01-01 $279,500 (4.7%) $394,391 (3.4%) 0.97 3,367
    2019-02-01 $285,750 (4.2%) $403,772 (4.0%) 0.97 3,416
    2019-03-01 $293,857 (6.9%) $416,220 (7.2%) 0.96 3,288
    2019-04-01 $298,581 (6.7%) $421,878 (7.0%) 0.95 3,201
    2019-05-01 $298,641 (5.8%) $422,167 (6.2%) 0.93 3,040
    2019-06-01 $294,500 (5.9%) $413,490 (5.5%) 0.92 2,886
    2019-07-01 $287,995 (2.9%) $406,364 (5.3%) 0.90 2,793
    2019-08-01 $289,273 (3.3%) $412,402 (7.2%) 0.92 2,717
    2019-09-01 $289,682 (3.5%) $417,264 (8.5%) 0.93 2,739
    2019-10-01 $289,955 (4.5%) $419,182 (9.3%) 0.94 2,783
    2019-11-01 $286,989 (2.8%) $415,873 (8.7%) 0.94 2,814
    2019-12-01 $285,500 (2.7%) $413,647 (6.5%) 0.95 2,672
    2020-01-01 $287,500 (2.9%) $414,853 (5.2%) 0.96 2,501
    2020-02-01 $297,830 (4.2%) $429,226 (6.3%) 0.97 2,448
    2020-03-01 $299,675 (2.0%) $431,529 (3.7%) 0.94 2,404
    2020-04-01 $296,963 (-0.5%) $413,561 (-2.0%) 0.93 2,642
    2020-05-01 $300,000 (0.5%) $425,640 (0.8%) 0.91 2,336
    2020-06-01 $321,950 (9.3%) $456,526 (10.4%) 0.95 1,772
    2020-07-01 $325,000 (12.9%) $453,254 (11.5%) 0.94 1,549
    2020-08-01 $323,270 (11.8%) $459,454 (11.4%) 0.93 1,521
    2020-09-01 $316,332 (9.2%) $465,601 (11.6%) 0.91 1,532
    2020-10-01 $310,000 (6.9%) $459,550 (9.6%) 0.89 1,641
    2020-11-01 $313,439 (9.2%) $470,630 (13.2%) 0.92 1,553
    2020-12-01 $315,000 (10.3%) $472,568 (14.2%) 0.94 1,367
    2021-01-01 $320,000 (11.3%) $494,616 (19.2%) 0.96 1,169
    2021-02-01 $325,000 (9.1%) $515,150 (20.0%) 0.95 940
    2021-03-01 $335,035 (11.8%) $527,183 (22.2%) 0.95 879
    2021-04-01 $342,000 (15.2%) $528,171 (27.7%) 0.93 893
    2021-05-01 $344,000 (14.7%) $520,700 (22.3%) 0.91 934
    2021-06-01 $350,000 (8.7%) $520,919 (14.1%) 0.92 993
    2021-07-01 $350,000 (7.7%) $489,786 (8.1%) 0.92 1,180
    2021-08-01 $359,725 (11.3%) $483,535 (5.2%) 0.96 1,328
    2021-09-01 $359,950 (13.8%) $484,218 (4.0%) 0.96 1,497
    2021-10-01 $359,000 (15.8%) $479,305 (4.3%) 0.96 1,697
    2021-11-01 $359,950 (14.8%) $483,323 (2.7%) 0.96 1,674
    2021-12-01 $361,950 (14.9%) $480,444 (1.7%) 0.98 1,521
    2022-01-01 $364,990 (14.1%) $500,987 (1.3%) 0.99 1,362
    2022-02-01 $375,495 (15.5%) $538,244 (4.5%) 0.98 1,083
    2022-03-01 $388,247 (15.9%) $562,017 (6.6%) 0.97 999
    2022-04-01 $399,500 (16.8%) $566,315 (7.2%) 0.95 1,030
    2022-05-01 $407,008 (18.3%) $580,535 (11.5%) 0.93 1,205
    2022-06-01 $409,950 (17.1%) $567,549 (9.0%) 0.91 1,513
    2022-07-01 $399,990 (14.3%) $540,818 (10.4%) 0.90 1,946
    2022-08-01 $391,000 (8.7%) $519,170 (7.4%) 0.90 2,163
    2022-09-01 $383,356 (6.5%) $507,188 (4.7%) 0.90 2,363
    2022-10-01 $379,000 (5.6%) $505,419 (5.5%) 0.89 2,636
    2022-11-01 $375,000 (4.2%) $510,223 (5.6%) 0.90 2,782
    2022-12-01 $375,000 (3.6%) $508,106 (5.8%) 0.93 2,596
    2023-01-01 $377,000 (3.3%) $524,574 (4.7%) 0.93 2,370
    2023-02-01 $389,000 (3.6%) $547,620 (1.7%) 0.94 2,121
    2023-03-01 $399,950 (3.0%) $565,451 (0.6%) 0.94 1,953
    2023-04-01 $403,675 (1.1%) $582,574 (2.9%) 0.94 1,692
    2023-05-01 $414,350 (1.8%) $595,129 (2.5%) 0.94 1,608
    2023-06-01 $414,997 (1.2%) $588,646 (3.7%) 0.93 1,609
    2023-07-01 $410,000 (2.5%) $583,215 (7.8%) 0.93 1,622
    2023-08-01 $406,025 (3.8%) $575,012 (10.8%) 0.93 1,630
    2023-09-01 $399,900 (4.3%) $570,632 (12.5%) 0.93 1,757
    2023-10-01 $399,000 (5.3%) $552,351 (9.3%) 0.94 2,083
    2023-11-01 $399,900 (6.6%) $555,334 (8.8%) 0.95 2,309
    2023-12-01 $398,900 (6.4%) $548,714 (8.0%) 0.97 2,347
    2024-01-01 $399,000 (5.8%) $556,034 (6.0%) 0.97 2,375
    2024-02-01 $400,000 (2.8%) $570,948 (4.3%) 0.96 2,399
    2024-03-01 $402,700 (0.7%) $568,129 (0.5%) 0.95 2,420
    Tucson's median listing price for 2024-03-01 was $402,700, a difference of $2,750 (0.7%) versus the prior year and $2,700 versus the prior month.

    Tucson's median listing price comes in at 95% of the national average.

    Tucson's average listing price for 2024-03-01 was $568,129, a difference of $2,678 (0.5%) versus the prior year and $-2,819 versus the prior month.

    For the 2024-03-01 period, Tucson had 2,420 MLS listings, a difference of 21 listings (1%) versus the prior month and 467 listings (24%) 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 64 days 2,004 sqft
    2018-02-01 51 days 2,030 sqft
    2018-03-01 50 days 2,036 sqft
    2018-04-01 50 days 2,050 sqft
    2018-05-01 48 days 2,058 sqft
    2018-06-01 50 days 2,013 sqft
    2018-07-01 53 days 2,026 sqft
    2018-08-01 54 days 2,019 sqft
    2018-09-01 52 days 2,020 sqft
    2018-10-01 50 days 1,987 sqft
    2018-11-01 51 days 1,987 sqft
    2018-12-01 58 days 1,962 sqft
    2019-01-01 63 days 1,993 sqft
    2019-02-01 48 days 2,030 sqft
    2019-03-01 48 days 2,058 sqft
    2019-04-01 51 days 2,062 sqft
    2019-05-01 51 days 2,047 sqft
    2019-06-01 51 days 2,049 sqft
    2019-07-01 50 days 2,020 sqft
    2019-08-01 50 days 2,027 sqft
    2019-09-01 49 days 2,026 sqft
    2019-10-01 49 days 2,024 sqft
    2019-11-01 52 days 1,976 sqft
    2019-12-01 60 days 1,960 sqft
    2020-01-01 59 days 1,981 sqft
    2020-02-01 44 days 1,996 sqft
    2020-03-01 43 days 1,997 sqft
    2020-04-01 44 days 1,958 sqft
    2020-05-01 55 days 1,980 sqft
    2020-06-01 57 days 2,010 sqft
    2020-07-01 53 days 2,008 sqft
    2020-08-01 51 days 1,986 sqft
    2020-09-01 47 days 1,937 sqft
    2020-10-01 48 days 1,905 sqft
    2020-11-01 50 days 1,911 sqft
    2020-12-01 55 days 1,905 sqft
    2021-01-01 52 days 1,912 sqft
    2021-02-01 40 days 1,907 sqft
    2021-03-01 38 days 1,920 sqft
    2021-04-01 35 days 1,872 sqft
    2021-05-01 32 days 1,871 sqft
    2021-06-01 32 days 1,880 sqft
    2021-07-01 30 days 1,844 sqft
    2021-08-01 30 days 1,854 sqft
    2021-09-01 32 days 1,851 sqft
    2021-10-01 33 days 1,845 sqft
    2021-11-01 37 days 1,868 sqft
    2021-12-01 44 days 1,862 sqft
    2022-01-01 44 days 1,861 sqft
    2022-02-01 37 days 1,868 sqft
    2022-03-01 35 days 1,879 sqft
    2022-04-01 32 days 1,883 sqft
    2022-05-01 30 days 1,920 sqft
    2022-06-01 30 days 1,914 sqft
    2022-07-01 32 days 1,873 sqft
    2022-08-01 37 days 1,839 sqft
    2022-09-01 41 days 1,817 sqft
    2022-10-01 44 days 1,812 sqft
    2022-11-01 50 days 1,813 sqft
    2022-12-01 60 days 1,812 sqft
    2023-01-01 61 days 1,822 sqft
    2023-02-01 52 days 1,837 sqft
    2023-03-01 47 days 1,860 sqft
    2023-04-01 47 days 1,904 sqft
    2023-05-01 43 days 1,924 sqft
    2023-06-01 43 days 1,959 sqft
    2023-07-01 43 days 1,944 sqft
    2023-08-01 41 days 1,918 sqft
    2023-09-01 41 days 1,904 sqft
    2023-10-01 39 days 1,868 sqft
    2023-11-01 43 days 1,862 sqft
    2023-12-01 51 days 1,852 sqft
    2024-01-01 54 days 1,847 sqft
    2024-02-01 44 days 1,852 sqft
    2024-03-01 44 days 1,849 sqft
    Tucson's median listing age (time on market) for 2024-03-01 was 44 days. This is -6% shorter than the same period one year ago.

    Tucson's median square footage for active listings during the 2024-03-01 period was 1,849 sqft. One year prior, the average listing was 1,860 sqft.