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 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 -0.09% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

    Tulsa's average USDA mortgage closing costs are $5,134.

    The average rate for the prior week (2023-11-17) was 6.91% and one month ago for the week of 2023-10-20, the average rate was 7.42%.

    The average rate one year ago was 6.36%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.22%.

    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 $229,163 (6.6%) $304,450 (7.7%) 0.75 3,432
    2019-04-01 $231,713 (5.4%) $311,522 (7.4%) 0.74 3,387
    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 $240,818 (12.6%) $326,353 (13.6%) 0.76 3,419
    2019-09-01 $243,170 (14.1%) $329,424 (15.2%) 0.78 3,287
    2019-10-01 $245,000 (14.5%) $331,379 (16.6%) 0.79 3,233
    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 (11.4%) $333,525 (9.6%) 0.80 2,702
    2020-04-01 $259,900 (12.2%) $336,137 (7.9%) 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 (16.2%) $370,442 (13.5%) 0.80 2,014
    2020-09-01 $281,225 (15.7%) $371,644 (12.8%) 0.81 1,906
    2020-10-01 $271,687 (10.9%) $366,167 (10.5%) 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%) 0.74 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%) $370,320 (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%) $408,297 (-63.9%) 0.70 843
    2022-05-01 $297,500 (8.2%) $408,192 (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%) $390,755 (4.4%) 0.75 2,048
    2022-11-01 $316,995 (24.8%) $389,280 (5.1%) 0.76 2,097
    2022-12-01 $329,995 (31.2%) $399,641 (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%) 0.86 1,783
    2023-03-01 $361,920 (33.0%) $428,319 (5.9%) 0.85 1,762
    2023-04-01 $369,900 (25.4%) $430,784 (5.5%) 0.86 1,822
    2023-05-01 $369,450 (24.2%) $442,045 (8.3%) 0.84 1,857
    2023-06-01 $364,450 (21.5%) $440,040 (6.8%) 0.82 1,974
    2023-07-01 $364,000 (15.9%) $436,995 (9.9%) 0.83 2,041
    2023-08-01 $350,000 (11.7%) $436,462 (10.4%) 0.80 2,110
    2023-09-01 $349,000 (10.6%) $430,536 (10.3%) 0.81 2,146
    2023-10-01 $340,000 (6.5%) $425,041 (8.8%) 0.80 2,266
    Tulsa's median listing price for 2023-10-01 was $340,000, a difference of $20,750 (6.5%) versus the prior year and $-9,000 versus the prior month.

    Tulsa's median listing price comes in at 80% of the national average.

    Tulsa's average listing price for 2023-10-01 was $425,041, a difference of $34,286 (8.8%) versus the prior year and $-5,495 versus the prior month.

    For the 2023-10-01 period, Tulsa had 2,266 MLS listings, a difference of 120 listings (6%) versus the prior month and 218 listings (11%) 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 2,100 sqft
    2018-02-01 66 days 2,105 sqft
    2018-03-01 53 days 2,183 sqft
    2018-04-01 51 days 2,214 sqft
    2018-05-01 49 days 2,201 sqft
    2018-06-01 51 days 2,188 sqft
    2018-07-01 58 days 2,180 sqft
    2018-08-01 58 days 2,162 sqft
    2018-09-01 60 days 2,143 sqft
    2018-10-01 65 days 2,129 sqft
    2018-11-01 65 days 2,148 sqft
    2018-12-01 67 days 2,126 sqft
    2019-01-01 71 days 2,124 sqft
    2019-02-01 60 days 2,165 sqft
    2019-03-01 51 days 2,223 sqft
    2019-04-01 51 days 2,251 sqft
    2019-05-01 50 days 2,293 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 2,304 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 2,265 sqft
    2020-05-01 54 days 2,294 sqft
    2020-06-01 53 days 2,339 sqft
    2020-07-01 52 days 2,433 sqft
    2020-08-01 50 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 59 days 2,230 sqft
    2021-01-01 64 days 2,203 sqft
    2021-02-01 62 days 2,085 sqft
    2021-03-01 49 days 2,261 sqft
    2021-04-01 42 days 2,135 sqft
    2021-05-01 38 days 2,132 sqft
    2021-06-01 37 days 2,011 sqft
    2021-07-01 36 days 2,012 sqft
    2021-08-01 37 days 2,016 sqft
    2021-09-01 40 days 1,985 sqft
    2021-10-01 45 days 1,992 sqft
    2021-11-01 46 days 1,926 sqft
    2021-12-01 51 days 1,937 sqft
    2022-01-01 53 days 1,951 sqft
    2022-02-01 43 days 2,006 sqft
    2022-03-01 39 days 1,932 sqft
    2022-04-01 31 days 2,025 sqft
    2022-05-01 33 days 2,029 sqft
    2022-06-01 36 days 2,044 sqft
    2022-07-01 31 days 2,020 sqft
    2022-08-01 39 days 2,042 sqft
    2022-09-01 45 days 2,054 sqft
    2022-10-01 47 days 2,087 sqft
    2022-11-01 52 days 2,081 sqft
    2022-12-01 59 days 2,121 sqft
    2023-01-01 65 days 2,169 sqft
    2023-02-01 58 days 2,181 sqft
    2023-03-01 52 days 2,229 sqft
    2023-04-01 46 days 2,243 sqft
    2023-05-01 48 days 2,240 sqft
    2023-06-01 48 days 2,242 sqft
    2023-07-01 48 days 2,237 sqft
    2023-08-01 48 days 2,201 sqft
    2023-09-01 47 days 2,165 sqft
    2023-10-01 50 days 2,135 sqft
    Tulsa's median listing age (time on market) for 2023-10-01 was 50 days. This is 5% longer than the same period one year ago.

    Tulsa's median square footage for active listings during the 2023-10-01 period was 2,135 sqft. One year prior, the average listing was 2,087 sqft.