Tulsa USDA Loan Rates, Closing Costs & Stats

TULSA, OK

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 6.39% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Tulsa's average USDA mortgage closing costs are $4,988.

The average rate for the prior week (2022-11-25) was 6.42% and one month ago for the week of 2022-10-28, the average rate was 7.1%.

The average rate one year ago was 3.29%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.48%.

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/closing costs 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. Closing Costs
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 $203,000 (4.1%) $271,321 (2.3%) 0.75 3,983
2018-02-01 $207,956 (4.1%) $272,234 (0.8%) 0.75 3,898
2018-03-01 $215,000 (6.2%) $282,598 (3.4%) 0.75 3,890
2018-04-01 $219,900 (5.0%) $290,016 (3.3%) 0.75 3,917
2018-05-01 $219,900 (3.0%) $290,095 (2.1%) 0.73 4,087
2018-06-01 $217,500 (-0.4%) $287,042 (-0.1%) 0.73 4,305
2018-07-01 $214,975 (0.0%) $287,533 (2.1%) 0.72 4,440
2018-08-01 $213,900 (-1.9%) $287,182 (1.1%) 0.72 4,491
2018-09-01 $213,100 (1.5%) $285,970 (2.2%) 0.72 4,481
2018-10-01 $213,900 (1.9%) $284,302 (1.4%) 0.72 4,340
2018-11-01 $218,750 (6.2%) $287,669 (3.4%) 0.74 4,087
2018-12-01 $214,975 (7.5%) $284,471 (4.1%) 0.74 3,948
2019-01-01 $215,168 (6.0%) $286,078 (5.4%) 0.74 3,686
2019-02-01 $219,950 (5.8%) $294,113 (8.0%) 0.74 3,541
2019-03-01 $229,186 (6.6%) $304,549 (7.8%) 0.75 3,432
2019-04-01 $232,086 (5.5%) $311,633 (7.5%) 0.74 3,388
2019-05-01 $239,250 (8.8%) $323,378 (11.5%) 0.75 3,396
2019-06-01 $236,900 (8.9%) $326,159 (13.6%) 0.74 3,495
2019-07-01 $239,900 (11.6%) $328,778 (14.3%) 0.75 3,511
2019-08-01 $240,636 (12.5%) $326,206 (13.6%) 0.76 3,424
2019-09-01 $243,091 (14.1%) $329,214 (15.1%) 0.78 3,294
2019-10-01 $245,000 (14.5%) $331,131 (16.5%) 0.79 3,240
2019-11-01 $245,000 (12.0%) $325,560 (13.2%) 0.80 3,147
2019-12-01 $249,425 (16.0%) $492,696 (73.2%) 0.83 2,959
2020-01-01 $239,700 (11.4%) $317,299 (10.9%) 0.80 2,851
2020-02-01 $244,000 (10.9%) $324,979 (10.5%) 0.80 2,711
2020-03-01 $254,875 (11.2%) $333,220 (9.4%) 0.80 2,710
2020-04-01 $259,900 (12.0%) $335,822 (7.8%) 0.81 2,677
2020-05-01 $265,000 (10.8%) $350,172 (8.3%) 0.81 2,534
2020-06-01 $281,125 (18.7%) $360,275 (10.5%) 0.83 2,301
2020-07-01 $292,975 (22.1%) $381,177 (15.9%) 0.85 2,177
2020-08-01 $279,900 (16.3%) $369,931 (13.4%) 0.80 2,022
2020-09-01 $281,075 (15.6%) $371,091 (12.7%) 0.81 1,914
2020-10-01 $270,853 (10.6%) $365,637 (10.4%) 0.78 1,908
2020-11-01 $267,400 (9.1%) $368,388 (13.2%) 0.78 1,891
2020-12-01 $265,000 (6.2%) $365,377 (-25.8%) 0.79 1,651
2021-01-01 $269,000 (12.2%) $399,908 (26.0%) 0.80 1,372
2021-02-01 $251,450 (3.1%) $373,174 (14.8%) 0.73 1,173
2021-03-01 $288,625 (13.2%) $400,986 (20.3%) 0.82 1,030
2021-04-01 $271,700 (4.5%) $1,126,023 (235.3%) 0.74 1,096
2021-05-01 $275,000 (3.8%) $403,644 (15.3%) 0.73 1,095
2021-06-01 $252,500 (-10.2%) $382,873 (6.3%) 0.66 1,223
2021-07-01 $255,000 (-13.0%) $376,989 (-1.1%) 0.67 1,396
2021-08-01 $265,000 (-5.3%) $365,394 (-1.2%) 0.71 1,539
2021-09-01 $265,000 (-5.7%) $367,328 (-1.0%) 0.71 1,501
2021-10-01 $265,000 (-2.2%) $373,683 (2.2%) 0.71 1,462
2021-11-01 $252,791 (-5.5%) $369,654 (0.3%) 0.68 1,319
2021-12-01 $250,870 (-5.3%) $365,594 (0.1%) 0.68 1,125
2022-01-01 $260,000 (-3.4%) $384,281 (-3.9%) 0.70 933
2022-02-01 $272,669 (8.4%) $400,140 (7.2%) 0.71 837
2022-03-01 $271,941 (-5.8%) $403,431 (0.6%) 0.68 776
2022-04-01 $294,900 (8.5%) $407,559 (-63.8%) 0.70 850
2022-05-01 $295,225 (7.4%) $407,148 (0.9%) 0.67 1,075
2022-06-01 $299,750 (18.7%) $410,880 (7.3%) 0.67 1,240
2022-07-01 $312,950 (22.7%) $397,023 (5.3%) 0.71 1,683
2022-08-01 $312,598 (18.0%) $394,852 (8.1%) 0.72 1,856
2022-09-01 $315,250 (19.0%) $389,601 (6.1%) 0.74 1,947
2022-10-01 $318,910 (20.3%) $390,205 (4.4%) 0.75 2,056
2022-11-01 $316,607 (25.2%) $388,796 (5.2%) 0.76 2,105
Tulsa's median listing price for 2022-11-01 was $316,607, a difference of $63,816 (25.2%) versus the prior year and $-2,303 versus the prior month.

Tulsa's median listing price comes in at 76% of the national average.

Tulsa's average listing price for 2022-11-01 was $388,796, a difference of $19,142 (5.2%) versus the prior year and $-1,409 versus the prior month.

For the 2022-11-01 period, Tulsa had 2,105 MLS listings, a difference of 49 listings (2%) versus the prior month and 786 listings (60%) 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 71 days 2,099 sqft
2018-02-01 66 days 2,104 sqft
2018-03-01 53 days 2,183 sqft
2018-04-01 51 days 2,213 sqft
2018-05-01 49 days 2,201 sqft
2018-06-01 51 days 2,185 sqft
2018-07-01 58 days 2,178 sqft
2018-08-01 58 days 2,160 sqft
2018-09-01 61 days 2,141 sqft
2018-10-01 65 days 2,128 sqft
2018-11-01 66 days 2,145 sqft
2018-12-01 68 days 2,123 sqft
2019-01-01 71 days 2,122 sqft
2019-02-01 60 days 2,165 sqft
2019-03-01 52 days 2,223 sqft
2019-04-01 52 days 2,250 sqft
2019-05-01 50 days 2,290 sqft
2019-06-01 53 days 2,258 sqft
2019-07-01 58 days 2,275 sqft
2019-08-01 58 days 2,287 sqft
2019-09-01 60 days 2,305 sqft
2019-10-01 60 days 2,321 sqft
2019-11-01 60 days 2,289 sqft
2019-12-01 65 days 2,282 sqft
2020-01-01 71 days 2,226 sqft
2020-02-01 65 days 2,212 sqft
2020-03-01 52 days 2,260 sqft
2020-04-01 54 days 2,262 sqft
2020-05-01 55 days 2,290 sqft
2020-06-01 53 days 2,336 sqft
2020-07-01 52 days 2,432 sqft
2020-08-01 51 days 2,357 sqft
2020-09-01 50 days 2,344 sqft
2020-10-01 49 days 2,290 sqft
2020-11-01 51 days 2,227 sqft
2020-12-01 60 days 2,231 sqft
2021-01-01 65 days 2,208 sqft
2021-02-01 63 days 2,082 sqft
2021-03-01 49 days 2,258 sqft
2021-04-01 42 days 2,135 sqft
2021-05-01 39 days 2,132 sqft
2021-06-01 37 days 2,017 sqft
2021-07-01 37 days 2,012 sqft
2021-08-01 38 days 2,015 sqft
2021-09-01 41 days 1,985 sqft
2021-10-01 46 days 1,991 sqft
2021-11-01 46 days 1,923 sqft
2021-12-01 51 days 1,936 sqft
2022-01-01 54 days 1,951 sqft
2022-02-01 43 days 2,004 sqft
2022-03-01 41 days 1,932 sqft
2022-04-01 31 days 2,023 sqft
2022-05-01 33 days 2,024 sqft
2022-06-01 36 days 2,040 sqft
2022-07-01 31 days 2,018 sqft
2022-08-01 39 days 2,039 sqft
2022-09-01 45 days 2,050 sqft
2022-10-01 47 days 2,083 sqft
2022-11-01 52 days 2,081 sqft
Tulsa's median listing age (time on market) for 2022-11-01 was 52 days. This is 14% longer than the same period one year ago.

Tulsa's median square footage for active listings during the 2022-11-01 period was 2,081 sqft. One year prior, the average listing was 1,923 sqft.