Tulsa USDA Loans

TULSA, OK

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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.

    Tulsa's 61 lenders originated 497 USDA loans during 2021. The total origination value was $85,745,000, with an average USDA loan value of $172,525.

    Tulsa USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Tulsa averaged 5.55% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-05-06) was 5.28% and one month ago for the week of 2022-04-08, the average rate was 5.14%.

    The average rate one year ago was 3.25%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.03%.

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

    Tulsa USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tulsa level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    FLAT BRANCH MORTGAGE, INC. 59 3.16% $5,624
    ASSOCIATED MORTGAGE CORPORATION 42 3.07% $5,849
    First United Bank and Trust Company 37 2.80% $6,254
    CROSSCOUNTRY MORTGAGE, LLC 35 3.19% $4,904
    United Fidelity Funding Corp. 29 3.09% $6,530
    Arvest Bank 21 2.88% $5,230
    CALIBER HOME LOANS, INC. 17 2.98% $5,469
    BancFirst 16 2.95% $5,175
    US MORTGAGE CORPORATION 16 2.93% $5,774
    CORNERSTONE HOME LENDING, INC. 15 3.26% $6,429
    Gateway First Bank 15 3.15% $5,220
    FBC MORTGAGE, LLC 15 3.04% $6,237
    Firstar Bank 12 2.80% $5,074
    BOKF 11 3.03% $5,093
    American Bank of Oklahoma 10 2.89% $5,155
    OPEN MORTGAGE, LLC 10 3.10% $6,417
    Waterstone Mortgage Corporation 10 3.26% $6,181
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.39% $5,266
    First Guaranty Mortgage Corporation 7 3.16% $4,210
    TTCU Federal Credit Union 7 2.73% $4,783
    GUILD MORTGAGE COMPANY 7 2.73% $7,874
    SOUTHWEST FUNDING, LP 6 3.45% $7,436
    Stride Bank 6 3.19% $5,504
    Chickasaw Community Bank 5 3.08% $4,305
    EVERETT FINANCIAL, INC. 5 3.43% $4,615
    GUARANTY HOME MORTGAGE CORPORATION 5 2.90% $4,536
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 3.15% $6,298
    Great Plains National Bank 4 2.63% $4,924
    Colten Mortgage, LLC 4 2.88% $6,734
    RCB Bank 4 3.13% $5,008
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.34% $6,364
    BROKER SOLUTIONS, INC. 3 3.38% $5,244
    CMG MORTGAGE, INC. 2 3.19% $5,576
    HOME POINT FINANCIAL CORPORATION 2 3.06% $6,170
    LOANDEPOT.COM, LLC 2 3.56% $5,219
    AMERICAN FINANCIAL RESOURCES, INC. 2 4.00% $4,980
    Paramount Residential Mortgage Group, Inc. 2 3.06% $7,089
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.75% $7,978
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.38% $6,198
    Armstrong Bank 2 3.13% $4,360
    UNITED WHOLESALE MORTGAGE, LLC 2 3.00% $4,845
    MOVEMENT MORTGAGE, LLC 1 3.25% $7,060
    Carrington Mortgage Services, LLC 1 2.50% $5,515
    UNION HOME MORTGAGE CORP. 1 2.25% $6,620
    PLANET HOME LENDING, LLC 1 2.75% $3,984
    PLAZA HOME MORTGAGE, INC. 1 2.75% $5,802
    First Savings Bank 1 3.25% $5,260
    GMFS LLC 1 2.75% $6,024
    Citizens Bank 1 3.25% $3,405
    F & M Bank 1 2.50% $4,786
    STEARNS LENDING, LLC 1 2.75% $4,658
    FREEDOM MORTGAGE CORPORATION 1 3.25% $2,597
    SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $6,780
    GUARANTEED RATE, INC. 1 4.50% $6,203
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.25% $8,620
    Centennial Bank 1 2.25% $6,061
    Texana Bank 1 3.38% $7,008
    Hometown Equity Mortgage, LLC 1 2.75% $5,925
    INTERLINC MORTGAGE SERVICES, LLC 1 3.50% $2,157
    The Central Trust Bank 1 3.25% $5,638
    Bank of England 1 3.38% $6,519

    The top Tulsa USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 59 USDA loans originated. Their average total fees are $5,624, which is $225 lower than the next largest lender, ASSOCIATED MORTGAGE CORPORATION.

    The lowest fee Tulsa USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($4,904), Firstar Bank ($5,074), BOKF ($5,093), American Bank of Oklahoma ($5,155) and BancFirst ($5,175).

    The lowest rate Tulsa USDA lenders (with over 10 loans originated) are First United Bank and Trust Company (2.80%), Firstar Bank (2.80%), Arvest Bank (2.88%), American Bank of Oklahoma (2.89%) and US MORTGAGE CORPORATION (2.93%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Tulsa (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 $203,750 (3.7%) $272,080 (1.9%) 0.75 3,984
    2018-02-01 $207,450 (3.8%) $273,062 (0.4%) 0.75 3,893
    2018-03-01 $215,000 (5.5%) $284,653 (3.1%) 0.74 3,895
    2018-04-01 $220,500 (5.0%) $291,600 (3.2%) 0.74 3,913
    2018-05-01 $219,900 (2.5%) $291,570 (2.1%) 0.73 4,076
    2018-06-01 $215,000 (-1.9%) $287,395 (-0.3%) 0.72 4,294
    2018-07-01 $215,000 (0.0%) $289,325 (2.5%) 0.72 4,421
    2018-08-01 $214,900 (-2.0%) $288,334 (0.8%) 0.72 4,475
    2018-09-01 $214,900 (2.3%) $286,360 (1.8%) 0.72 4,465
    2018-10-01 $214,650 (2.2%) $286,017 (1.4%) 0.72 4,319
    2018-11-01 $219,150 (5.0%) $289,556 (3.4%) 0.73 4,062
    2018-12-01 $215,000 (5.1%) $287,367 (5.3%) 0.74 3,921
    2019-01-01 $216,000 (6.0%) $287,651 (5.7%) 0.74 3,673
    2019-02-01 $221,443 (6.8%) $296,741 (8.7%) 0.74 3,529
    2019-03-01 $229,186 (6.6%) $305,219 (7.2%) 0.75 3,416
    2019-04-01 $233,686 (6.0%) $312,787 (7.3%) 0.74 3,360
    2019-05-01 $239,900 (9.1%) $326,758 (12.1%) 0.74 3,357
    2019-06-01 $239,690 (11.5%) $329,190 (14.5%) 0.74 3,461
    2019-07-01 $241,895 (12.5%) $331,354 (14.5%) 0.75 3,483
    2019-08-01 $241,186 (12.2%) $327,568 (13.6%) 0.76 3,375
    2019-09-01 $242,686 (12.9%) $329,642 (15.1%) 0.77 3,211
    2019-10-01 $248,950 (16.0%) $333,927 (16.8%) 0.79 3,204
    2019-11-01 $248,500 (13.4%) $329,555 (13.8%) 0.80 3,113
    2019-12-01 $249,725 (16.2%) $497,270 (73.0%) 0.83 2,928
    2020-01-01 $239,900 (11.1%) $319,607 (11.1%) 0.80 2,819
    2020-02-01 $245,000 (10.6%) $325,725 (9.8%) 0.79 2,684
    2020-03-01 $256,000 (11.7%) $334,241 (9.5%) 0.80 2,667
    2020-04-01 $261,700 (12.0%) $337,092 (7.8%) 0.82 2,643
    2020-05-01 $269,500 (12.3%) $351,628 (7.6%) 0.82 2,505
    2020-06-01 $282,450 (17.8%) $361,750 (9.9%) 0.82 2,274
    2020-07-01 $293,750 (21.4%) $382,464 (15.4%) 0.84 2,164
    2020-08-01 $282,000 (16.9%) $372,692 (13.8%) 0.81 2,015
    2020-09-01 $281,250 (15.9%) $372,851 (13.1%) 0.80 1,911
    2020-10-01 $275,000 (10.5%) $369,853 (10.8%) 0.79 1,897
    2020-11-01 $267,450 (7.6%) $371,379 (12.7%) 0.77 1,874
    2020-12-01 $270,512 (8.3%) $378,482 (-23.9%) 0.79 1,635
    2021-01-01 $269,500 (12.3%) $404,914 (26.7%) 0.79 1,351
    2021-02-01 $254,900 (4.0%) $379,044 (16.4%) 0.73 1,148
    2021-03-01 $289,450 (13.1%) $407,657 (22.0%) 0.81 1,014
    2021-04-01 $275,950 (5.5%) $386,912 (14.8%) 0.74 1,072
    2021-05-01 $275,000 (2.0%) $403,285 (14.7%) 0.72 1,077
    2021-06-01 $252,500 (-10.6%) $387,395 (7.1%) 0.66 1,203
    2021-07-01 $256,450 (-12.7%) $378,595 (-1.0%) 0.67 1,349
    2021-08-01 $265,000 (-6.0%) $369,027 (-1.0%) 0.70 1,514
    2021-09-01 $265,000 (-5.8%) $369,937 (-0.8%) 0.70 1,477
    2021-10-01 $265,000 (-3.6%) $378,587 (2.4%) 0.70 1,444
    2021-11-01 $255,000 (-4.7%) $376,411 (1.4%) 0.67 1,302
    2021-12-01 $252,791 (-6.6%) $368,374 (-2.7%) 0.67 1,102
    2022-01-01 $262,500 (-2.6%) $387,002 (-4.4%) 0.70 915
    2022-02-01 $275,037 (7.9%) $402,865 (6.3%) 0.70 821
    2022-03-01 $274,950 (-5.0%) $410,244 (0.6%) 0.68 752
    2022-04-01 $295,000 (6.9%) $415,725 (7.5%) 0.69 826
    Tulsa's median listing price for 2022-04-01 was $295,000, a difference of $19,050 (6.9%) versus the prior year and $20,050 versus the prior month.

    Tulsa's median listing price comes in at 69% of the national average.

    Tulsa's average listing price for 2022-04-01 was $415,725, a difference of $28,813 (7.5%) versus the prior year and $5,481 versus the prior month.

    For the 2022-04-01 period, Tulsa had 826 MLS listings, a difference of 74 listings (10%) versus the prior month and -246 listings (-23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tulsa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 68 days 2,094 sqft
    2018-02-01 65 days 2,098 sqft
    2018-03-01 52 days 2,182 sqft
    2018-04-01 50 days 2,208 sqft
    2018-05-01 47 days 2,199 sqft
    2018-06-01 50 days 2,176 sqft
    2018-07-01 58 days 2,177 sqft
    2018-08-01 58 days 2,155 sqft
    2018-09-01 60 days 2,136 sqft
    2018-10-01 65 days 2,125 sqft
    2018-11-01 65 days 2,148 sqft
    2018-12-01 67 days 2,128 sqft
    2019-01-01 71 days 2,118 sqft
    2019-02-01 60 days 2,160 sqft
    2019-03-01 54 days 2,219 sqft
    2019-04-01 51 days 2,250 sqft
    2019-05-01 50 days 2,296 sqft
    2019-06-01 53 days 2,261 sqft
    2019-07-01 57 days 2,276 sqft
    2019-08-01 57 days 2,277 sqft
    2019-09-01 58 days 2,280 sqft
    2019-10-01 60 days 2,326 sqft
    2019-11-01 58 days 2,295 sqft
    2019-12-01 63 days 2,280 sqft
    2020-01-01 71 days 2,231 sqft
    2020-02-01 63 days 2,214 sqft
    2020-03-01 51 days 2,265 sqft
    2020-04-01 53 days 2,274 sqft
    2020-05-01 56 days 2,296 sqft
    2020-06-01 53 days 2,341 sqft
    2020-07-01 52 days 2,424 sqft
    2020-08-01 50 days 2,364 sqft
    2020-09-01 50 days 2,356 sqft
    2020-10-01 49 days 2,290 sqft
    2020-11-01 50 days 2,233 sqft
    2020-12-01 58 days 2,260 sqft
    2021-01-01 65 days 2,212 sqft
    2021-02-01 64 days 2,092 sqft
    2021-03-01 49 days 2,267 sqft
    2021-04-01 43 days 2,139 sqft
    2021-05-01 39 days 2,171 sqft
    2021-06-01 38 days 2,029 sqft
    2021-07-01 38 days 2,022 sqft
    2021-08-01 38 days 2,020 sqft
    2021-09-01 41 days 1,986 sqft
    2021-10-01 45 days 1,991 sqft
    2021-11-01 46 days 1,935 sqft
    2021-12-01 51 days 1,950 sqft
    2022-01-01 54 days 1,970 sqft
    2022-02-01 44 days 2,005 sqft
    2022-03-01 41 days 1,944 sqft
    2022-04-01 33 days 2,024 sqft
    Tulsa's median listing age (time on market) for 2022-04-01 was 33 days. This is -23% shorter than the same period one year ago.

    Tulsa's median square footage for active listings during the 2022-04-01 period was 2,024 sqft. One year prior, the average listing was 2,139 sqft.