Tulsa USDA Loan Rates, Closing Costs & Stats

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 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.