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 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
5.83%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Tucson's average USDA mortgage closing costs are $5,490.
The average rate for the prior week (2024-12-06) was
6.17% and
one month ago for the week of 2024-11-08, the
average rate was 5.98%.
The average rate one year ago was 6.65%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.44%.
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 |
| 2024-04-01 | $409,299 (1.4%) | $572,034 (-1.8%) | 0.95 | 2,491 |
| 2024-05-01 | $403,876 (-2.5%) | $577,147 (-3.0%) | 0.91 | 2,630 |
| 2024-06-01 | $399,900 (-3.6%) | $557,371 (-5.3%) | 0.90 | 2,665 |
| 2024-07-01 | $395,000 (-3.7%) | $534,184 (-8.4%) | 0.90 | 2,751 |
| 2024-08-01 | $390,000 (-4.0%) | $526,621 (-8.4%) | 0.91 | 2,776 |
| 2024-09-01 | $390,000 (-2.5%) | $533,285 (-6.5%) | 0.92 | 3,070 |
| 2024-10-01 | $395,000 (-1.0%) | $536,185 (-2.9%) | 0.93 | 3,274 |
| 2024-11-01 | $390,000 (-2.5%) | $538,364 (-3.1%) | 0.94 | 3,526 |
Tucson's median listing price comes in at 94% of the national average.
Tucson's average listing price for 2024-11-01 was $538,364, a difference of $-16,970 (-3.1%) versus the prior year and $2,179 versus the prior month.
For the 2024-11-01 period, Tucson had 3,526 MLS listings, a difference of 252 listings (8%) versus the prior month and 1,217 listings (53%) 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 |
| 2024-04-01 | 45 days | 1,852 sqft |
| 2024-05-01 | 40 days | 1,852 sqft |
| 2024-06-01 | 43 days | 1,844 sqft |
| 2024-07-01 | 49 days | 1,816 sqft |
| 2024-08-01 | 51 days | 1,812 sqft |
| 2024-09-01 | 52 days | 1,812 sqft |
| 2024-10-01 | 51 days | 1,812 sqft |
| 2024-11-01 | 56 days | 1,804 sqft |
Tucson's median square footage for active listings during the 2024-11-01 period was 1,804 sqft. One year prior, the average listing was 1,862 sqft.