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%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FLAT BRANCH MORTGAGE, INC. 35 5.06% $6,429
ASSOCIATED MORTGAGE CORPORATION 25 4.56% $6,155
CROSSCOUNTRY MORTGAGE, LLC 24 4.93% $7,336
BancFirst 16 5.10% $5,866
EVERETT FINANCIAL, INC. 14 5.02% $4,448
OPEN MORTGAGE, LLC 12 4.99% $7,960
United Fidelity Funding Corp. 11 5.30% $6,016
CALIBER HOME LOANS, INC. 11 4.91% $7,048
First United Bank and Trust Company 9 4.07% $6,165
GUILD MORTGAGE COMPANY 9 4.99% $9,896
US MORTGAGE CORPORATION 8 5.48% $6,316
American Bank of Oklahoma 8 5.28% $6,495
Gateway First Bank 6 5.10% $4,717
FBC MORTGAGE, LLC 6 4.52% $6,214
Waterstone Mortgage Corporation 6 5.67% $7,756
CORNERSTONE HOME LENDING, INC. 5 6.58% $7,607
Arvest Bank 5 4.93% $5,362
Stride Bank 4 3.78% $5,424
Armstrong Bank 4 4.03% $4,465
BOKF 4 3.72% $6,011
Chickasaw Community Bank 4 4.44% $5,594
Firstar Bank 4 4.03% $5,241
First Guaranty Mortgage Corporation 4 4.25% $4,349
GUARANTY HOME MORTGAGE CORPORATION 4 4.31% $3,896
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 4.84% $6,924
AMERICAN PACIFIC MORTGAGE CORPORATION 3 5.29% $8,271
HOME POINT FINANCIAL CORPORATION 3 3.67% $6,440
CARDINAL FINANCIAL 3 5.00% $7,445
Servion, Inc. 2 4.44% $5,926
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.63% $5,652
Citizens Bank 2 5.00% $5,351
UNITED WHOLESALE MORTGAGE, LLC 2 5.74% $6,533
AMERICAN FINANCIAL RESOURCES, INC. 1 7.75% $3,927
MOVEMENT MORTGAGE, LLC 1 5.25% $4,812
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.13% $7,157
SENTE MORTGAGE, INC. 1 4.63% $5,561
AMCAP MORTGAGE, LTD. 1 6.75% $7,573
TIB The Independent Bankersbank 1 5.75% $4,213
TTCU Federal Credit Union 1 4.88% $5,174
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $5,861
Flanagan State Bank 1 4.38% $4,131
CMG MORTGAGE, INC. 1 3.75% $6,181
CHURCHILL MORTGAGE CORPORATION 1 6.38% $7,220
Great Plains National Bank 1 4.13% $4,928
Carrington Mortgage Services, LLC 1 4.63% $5,556
HOMESTAR FINANCIAL CORPORATION 1 6.13% $1,682
MID AMERICA MORTGAGE, INC. 1 5.63% $523
Mortgage Investment Services Corporation 1 4.00% $3,467

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. 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%) 0.76 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 for 2023-04-01 was $369,900, a difference of $74,900 (25.4%) versus the prior year and $7,980 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2023-04-01 was 46 days. This is 48% longer than the same period one year ago.

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.