Tucson USDA Loan Rates, Closing Costs & Stats
TUCSON, AZ
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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.