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 48 lenders originated 275 USDA loans during 2022. The total origination value was $47,365,000, with an average USDA loan value of $172,236.
Tulsa USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Tulsa
averaged
6.54%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Tulsa's average USDA mortgage closing costs are $5,134.
The average rate for the prior week (2023-05-19) was
6.19% and
one month ago for the week of 2023-04-21, the
average rate was 5.99%.
The average rate one year ago was 4.81%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.31%.
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.
The top Tulsa USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
35 USDA loans originated. Their average total fees are
$6,429, which is $273
higher than the next largest lender,
ASSOCIATED MORTGAGE CORPORATION.
The lowest fee Tulsa USDA lenders (with over 10 loans originated) are
EVERETT FINANCIAL, INC. ($4,448), BancFirst ($5,866), United Fidelity Funding Corp. ($6,016), ASSOCIATED MORTGAGE CORPORATION ($6,155) and FLAT BRANCH MORTGAGE, INC. ($6,429).
The lowest rate Tulsa USDA lenders (with over 10 loans originated) are
ASSOCIATED MORTGAGE CORPORATION (4.56%), CALIBER HOME LOANS, INC. (4.91%), CROSSCOUNTRY MORTGAGE, LLC (4.93%), OPEN MORTGAGE, LLC (4.99%) and EVERETT FINANCIAL, INC. (5.02%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Tulsa (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 | $203,000 (4.1%) | $271,321 (2.3%) | 0.75 | 3,983 |
2018-02-01 | $207,956 (4.1%) | $272,234 (0.8%) | 0.76 | 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 (-0.3%) | $287,042 (-0.1%) | 0.73 | 4,305 |
2018-07-01 | $214,975 (0.0%) | $287,533 (2.2%) | 0.72 | 4,440 |
2018-08-01 | $213,900 (-1.8%) | $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%) | $294,085 (8.0%) | 0.74 | 3,542 |
2019-03-01 | $225,000 (4.7%) | $302,777 (7.1%) | 0.75 | 3,396 |
2019-04-01 | $232,424 (5.7%) | $311,947 (7.6%) | 0.74 | 3,388 |
2019-05-01 | $239,250 (8.8%) | $323,456 (11.5%) | 0.75 | 3,393 |
2019-06-01 | $236,900 (8.9%) | $326,267 (13.7%) | 0.74 | 3,491 |
2019-07-01 | $239,900 (11.6%) | $328,888 (14.4%) | 0.75 | 3,506 |
2019-08-01 | $245,000 (14.5%) | $334,448 (16.5%) | 0.77 | 3,464 |
2019-09-01 | $251,178 (17.9%) | $341,232 (19.3%) | 0.79 | 3,046 |
2019-10-01 | $246,250 (15.1%) | $331,720 (16.7%) | 0.79 | 3,236 |
2019-11-01 | $245,000 (12.0%) | $325,804 (13.3%) | 0.80 | 3,140 |
2019-12-01 | $249,700 (16.2%) | $493,261 (73.4%) | 0.83 | 2,952 |
2020-01-01 | $239,700 (11.4%) | $317,556 (11.0%) | 0.80 | 2,844 |
2020-02-01 | $244,635 (11.2%) | $325,267 (10.6%) | 0.80 | 2,705 |
2020-03-01 | $255,325 (13.5%) | $333,525 (10.2%) | 0.80 | 2,702 |
2020-04-01 | $259,900 (11.8%) | $336,137 (7.8%) | 0.81 | 2,669 |
2020-05-01 | $265,500 (11.0%) | $350,559 (8.4%) | 0.81 | 2,526 |
2020-06-01 | $281,375 (18.8%) | $360,709 (10.6%) | 0.83 | 2,293 |
2020-07-01 | $293,625 (22.4%) | $381,751 (16.1%) | 0.85 | 2,169 |
2020-08-01 | $279,900 (14.2%) | $370,442 (10.8%) | 0.80 | 2,014 |
2020-09-01 | $281,225 (12.0%) | $371,644 (8.9%) | 0.81 | 1,906 |
2020-10-01 | $271,687 (10.3%) | $366,167 (10.4%) | 0.78 | 1,900 |
2020-11-01 | $267,450 (9.2%) | $368,959 (13.3%) | 0.78 | 1,883 |
2020-12-01 | $265,000 (6.1%) | $365,980 (-25.8%) | 0.79 | 1,643 |
2021-01-01 | $269,000 (12.2%) | $400,746 (26.2%) | 0.80 | 1,364 |
2021-02-01 | $252,575 (3.3%) | $373,982 (15.0%) | 0.73 | 1,165 |
2021-03-01 | $289,000 (13.2%) | $402,055 (20.6%) | 0.82 | 1,023 |
2021-04-01 | $272,475 (4.8%) | $1,130,579 (236.3%) | 0.74 | 1,088 |
2021-05-01 | $275,000 (3.6%) | $404,511 (15.4%) | 0.73 | 1,088 |
2021-06-01 | $252,500 (-10.3%) | $383,567 (6.3%) | 0.66 | 1,216 |
2021-07-01 | $255,000 (-13.2%) | $377,474 (-1.1%) | 0.67 | 1,389 |
2021-08-01 | $265,000 (-5.3%) | $365,857 (-1.2%) | 0.71 | 1,534 |
2021-09-01 | $265,000 (-5.8%) | $367,727 (-1.1%) | 0.71 | 1,496 |
2021-10-01 | $265,000 (-2.5%) | $374,248 (2.2%) | 0.71 | 1,458 |
2021-11-01 | $254,087 (-5.0%) | $370,409 (0.4%) | 0.68 | 1,314 |
2021-12-01 | $251,450 (-5.1%) | $366,281 (0.1%) | 0.68 | 1,119 |
2022-01-01 | $260,000 (-3.4%) | $385,176 (-3.9%) | 0.70 | 926 |
2022-02-01 | $273,310 (8.2%) | $401,266 (7.3%) | 0.71 | 830 |
2022-03-01 | $272,185 (-5.8%) | $404,593 (0.6%) | 0.68 | 769 |
2022-04-01 | $295,000 (8.3%) | $408,633 (-63.9%) | 0.70 | 843 |
2022-05-01 | $297,500 (8.2%) | $408,258 (0.9%) | 0.68 | 1,067 |
2022-06-01 | $299,950 (18.8%) | $411,896 (7.4%) | 0.67 | 1,232 |
2022-07-01 | $313,964 (23.1%) | $397,709 (5.4%) | 0.71 | 1,675 |
2022-08-01 | $313,269 (18.2%) | $395,518 (8.1%) | 0.72 | 1,848 |
2022-09-01 | $315,589 (19.1%) | $390,205 (6.1%) | 0.74 | 1,939 |
2022-10-01 | $319,250 (20.5%) | $390,789 (4.4%) | 0.75 | 2,048 |
2022-11-01 | $316,995 (24.8%) | $389,280 (5.1%) | 0.76 | 2,097 |
2022-12-01 | $329,990 (31.2%) | $399,609 (9.1%) | 0.81 | 1,993 |
2023-01-01 | $344,700 (32.6%) | $409,588 (6.3%) | 0.85 | 1,923 |
2023-02-01 | $354,262 (29.6%) | $417,527 (4.1%) | 0.85 | 1,783 |
2023-03-01 | $361,920 (33.0%) | $428,435 (5.9%) | 0.85 | 1,762 |
2023-04-01 | $369,900 (25.4%) | $430,784 (5.4%) | 0.86 | 1,822 |
Tulsa's median listing price comes in at 86% of the national average.
Tulsa's average listing price for 2023-04-01 was $430,784, a difference of $22,151 (5.4%) versus the prior year and $2,349 versus the prior month.
For the 2023-04-01 period, Tulsa had 1,822 MLS listings, a difference of 60 listings (3%) versus the prior month and 979 listings (116%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Tulsa (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 71 days | 2,099 sqft |
2018-02-01 | 66 days | 2,106 sqft |
2018-03-01 | 53 days | 2,184 sqft |
2018-04-01 | 51 days | 2,213 sqft |
2018-05-01 | 49 days | 2,201 sqft |
2018-06-01 | 51 days | 2,189 sqft |
2018-07-01 | 58 days | 2,180 sqft |
2018-08-01 | 58 days | 2,162 sqft |
2018-09-01 | 61 days | 2,143 sqft |
2018-10-01 | 65 days | 2,130 sqft |
2018-11-01 | 66 days | 2,148 sqft |
2018-12-01 | 68 days | 2,125 sqft |
2019-01-01 | 71 days | 2,123 sqft |
2019-02-01 | 60 days | 2,165 sqft |
2019-03-01 | 54 days | 2,212 sqft |
2019-04-01 | 52 days | 2,255 sqft |
2019-05-01 | 50 days | 2,292 sqft |
2019-06-01 | 53 days | 2,258 sqft |
2019-07-01 | 58 days | 2,275 sqft |
2019-08-01 | 63 days | 2,344 sqft |
2019-09-01 | 67 days | 2,376 sqft |
2019-10-01 | 60 days | 2,321 sqft |
2019-11-01 | 60 days | 2,289 sqft |
2019-12-01 | 65 days | 2,281 sqft |
2020-01-01 | 71 days | 2,227 sqft |
2020-02-01 | 65 days | 2,213 sqft |
2020-03-01 | 51 days | 2,261 sqft |
2020-04-01 | 54 days | 2,266 sqft |
2020-05-01 | 54 days | 2,294 sqft |
2020-06-01 | 53 days | 2,339 sqft |
2020-07-01 | 52 days | 2,434 sqft |
2020-08-01 | 51 days | 2,358 sqft |
2020-09-01 | 50 days | 2,346 sqft |
2020-10-01 | 49 days | 2,290 sqft |
2020-11-01 | 51 days | 2,228 sqft |
2020-12-01 | 60 days | 2,230 sqft |
2021-01-01 | 65 days | 2,206 sqft |
2021-02-01 | 62 days | 2,085 sqft |
2021-03-01 | 49 days | 2,261 sqft |
2021-04-01 | 42 days | 2,134 sqft |
2021-05-01 | 39 days | 2,132 sqft |
2021-06-01 | 37 days | 2,011 sqft |
2021-07-01 | 37 days | 2,012 sqft |
2021-08-01 | 37 days | 2,015 sqft |
2021-09-01 | 40 days | 1,984 sqft |
2021-10-01 | 45 days | 1,992 sqft |
2021-11-01 | 46 days | 1,924 sqft |
2021-12-01 | 51 days | 1,936 sqft |
2022-01-01 | 53 days | 1,951 sqft |
2022-02-01 | 43 days | 2,006 sqft |
2022-03-01 | 40 days | 1,934 sqft |
2022-04-01 | 31 days | 2,025 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 | 2,051 sqft |
2022-10-01 | 47 days | 2,083 sqft |
2022-11-01 | 52 days | 2,080 sqft |
2022-12-01 | 60 days | 2,121 sqft |
2023-01-01 | 65 days | 2,168 sqft |
2023-02-01 | 58 days | 2,180 sqft |
2023-03-01 | 52 days | 2,228 sqft |
2023-04-01 | 46 days | 2,244 sqft |
Tulsa's median square footage for active listings during the 2023-04-01 period was 2,244 sqft. One year prior, the average listing was 2,025 sqft.