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 39 lenders originated 190 USDA loans during 2023. The total origination value was $35,620,000, with an average USDA loan value of $187,474.

    Tulsa USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Tulsa averaged 6.66% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Tulsa's average USDA mortgage closing costs are $5,303.

    The average rate for the prior week (2024-04-12) was 6.71% and one month ago for the week of 2024-03-15, the average rate was 6.49%.

    The average rate one year ago was 6.33%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.6%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 18 6.72% $6,575
    OPEN MORTGAGE, LLC 16 6.16% $7,153
    CORNERSTONE HOME LENDING, INC. 13 6.92% $8,474
    United Fidelity Funding Corp. 12 6.85% $8,200
    First United Bank and Trust Company 10 6.06% $8,785
    US MORTGAGE CORPORATION 10 6.44% $8,662
    UNITED WHOLESALE MORTGAGE, LLC 10 6.16% $8,554
    THE MORTGAGE LINK, INC. 10 6.90% $9,623
    MORTGAGE SOLUTIONS OF COLORADO, LLC 9 6.50% $9,447
    ASSOCIATED MORTGAGE CORPORATION 8 6.92% $7,852
    BOKF 7 6.25% $7,812
    Arvest Bank 6 6.52% $6,751
    FBC MORTGAGE, LLC 6 6.35% $7,947
    BancFirst 6 6.71% $5,271
    American Bank of Oklahoma 5 6.33% $5,604
    Waterstone Mortgage Corporation 4 7.03% $8,076
    GUARANTEED RATE, INC. 3 6.46% $6,812
    Chickasaw Community Bank 3 7.21% $5,981
    The Central Trust Bank 3 6.67% $5,706
    Stride Bank 3 6.13% $8,742
    Firstar Bank 2 6.94% $6,353
    NEWREZ LLC 2 6.75% $5,742
    CROSSCOUNTRY MORTGAGE, LLC 2 7.75% $7,048
    Mortgage Investment Services Corporation 1 6.75% $4,981
    Mortgage Research Center, LLC 1 6.99% $2,973
    EVERETT FINANCIAL, INC. 1 7.50% $2,457
    VAN DYK MORTGAGE CORPORATION 1 6.50% $2,734
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.88% $5,328
    RCB Bank 1 6.63% $5,190
    SENTE MORTGAGE, INC. 1 6.63% $8,193
    Gateway First Bank 1 6.75% $6,164
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $6,012
    CMG MORTGAGE, INC. 1 6.25% $5,592
    TTCU Federal Credit Union 1 6.00% $8,555
    Flagstar Bank, FSB 1 6.63% $10,325
    BROKER SOLUTIONS, INC. 1 7.13% $6,404
    AXIA FINANCIAL, LLC 1 6.25% $9,351
    GUILD MORTGAGE COMPANY 1 6.00% $6,974
    MID AMERICA MORTGAGE, INC. 1 6.63% $4,422

    The top Tulsa USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 18 USDA loans originated. Their average total fees are $6,575, which is $578 lower than the next largest lender, OPEN MORTGAGE, LLC.

    The lowest fee Tulsa USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($6,575), OPEN MORTGAGE, LLC ($7,153), United Fidelity Funding Corp. ($8,200), CORNERSTONE HOME LENDING, INC. ($8,474) and UNITED WHOLESALE MORTGAGE, LLC ($8,554).

    The lowest rate Tulsa USDA lenders (with over 10 loans originated) are First United Bank and Trust Company (6.06%), UNITED WHOLESALE MORTGAGE, LLC (6.16%), OPEN MORTGAGE, LLC (6.16%), US MORTGAGE CORPORATION (6.44%) and FLAT BRANCH MORTGAGE, INC. (6.72%).

    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 (3.2%) 0.75 3,917
    2018-05-01 $219,900 (3.0%) $290,114 (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 (1.0%) 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 (1.3%) 0.72 4,340
    2018-11-01 $218,750 (6.2%) $287,669 (3.3%) 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 $229,174 (6.6%) $304,481 (7.7%) 0.75 3,431
    2019-04-01 $232,074 (5.5%) $311,555 (7.4%) 0.74 3,386
    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 (9.5%) 0.80 2,702
    2020-04-01 $259,900 (12.0%) $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%) $370,475 (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 (-1.3%) 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 $361,950 (33.0%) $428,317 (5.9%) 0.85 1,763
    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
    2023-11-01 $341,250 (7.7%) $422,436 (8.5%) 0.81 2,383
    2023-12-01 $340,000 (3.0%) $421,559 (5.5%) 0.83 2,348
    2024-01-01 $344,947 (0.1%) $421,664 (3.0%) 0.84 2,214
    2024-02-01 $342,500 (-3.3%) $422,733 (1.3%) 0.82 2,116
    2024-03-01 $339,923 (-6.1%) $425,408 (-0.7%) 0.80 2,128
    Tulsa's median listing price for 2024-03-01 was $339,923, a difference of $-22,027 (-6.1%) versus the prior year and $-2,577 versus the prior month.

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

    Tulsa's average listing price for 2024-03-01 was $425,408, a difference of $-2,909 (-0.7%) versus the prior year and $2,675 versus the prior month.

    For the 2024-03-01 period, Tulsa had 2,128 MLS listings, a difference of 12 listings (1%) versus the prior month and 365 listings (21%) 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 2,213 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 60 days 2,143 sqft
    2018-10-01 65 days 2,130 sqft
    2018-11-01 65 days 2,147 sqft
    2018-12-01 67 days 2,126 sqft
    2019-01-01 71 days 2,124 sqft
    2019-02-01 60 days 2,166 sqft
    2019-03-01 51 days 2,224 sqft
    2019-04-01 51 days 2,251 sqft
    2019-05-01 50 days 2,291 sqft
    2019-06-01 53 days 2,257 sqft
    2019-07-01 58 days 2,275 sqft
    2019-08-01 58 days 2,286 sqft
    2019-09-01 60 days 2,303 sqft
    2019-10-01 60 days 2,320 sqft
    2019-11-01 60 days 2,287 sqft
    2019-12-01 65 days 2,282 sqft
    2020-01-01 71 days 2,227 sqft
    2020-02-01 65 days 2,214 sqft
    2020-03-01 51 days 2,261 sqft
    2020-04-01 54 days 2,265 sqft
    2020-05-01 54 days 2,296 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 2,344 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 2,212 sqft
    2021-02-01 62 days 2,087 sqft
    2021-03-01 49 days 2,262 sqft
    2021-04-01 42 days 2,138 sqft
    2021-05-01 38 days 2,133 sqft
    2021-06-01 37 days 2,016 sqft
    2021-07-01 36 days 2,012 sqft
    2021-08-01 37 days 2,019 sqft
    2021-09-01 40 days 1,988 sqft
    2021-10-01 45 days 1,998 sqft
    2021-11-01 46 days 1,928 sqft
    2021-12-01 51 days 1,938 sqft
    2022-01-01 53 days 1,951 sqft
    2022-02-01 43 days 2,004 sqft
    2022-03-01 39 days 1,934 sqft
    2022-04-01 31 days 2,026 sqft
    2022-05-01 33 days 2,029 sqft
    2022-06-01 36 days 2,047 sqft
    2022-07-01 31 days 2,024 sqft
    2022-08-01 39 days 2,045 sqft
    2022-09-01 45 days 2,056 sqft
    2022-10-01 47 days 2,087 sqft
    2022-11-01 52 days 2,080 sqft
    2022-12-01 59 days 2,121 sqft
    2023-01-01 65 days 2,167 sqft
    2023-02-01 58 days 2,181 sqft
    2023-03-01 52 days 2,231 sqft
    2023-04-01 46 days 2,243 sqft
    2023-05-01 48 days 2,240 sqft
    2023-06-01 48 days 2,247 sqft
    2023-07-01 48 days 2,240 sqft
    2023-08-01 48 days 2,204 sqft
    2023-09-01 47 days 2,165 sqft
    2023-10-01 50 days 2,136 sqft
    2023-11-01 51 days 2,133 sqft
    2023-12-01 58 days 2,121 sqft
    2024-01-01 66 days 2,081 sqft
    2024-02-01 64 days 2,065 sqft
    2024-03-01 48 days 2,055 sqft
    Tulsa's median listing age (time on market) for 2024-03-01 was 48 days. This is -7% shorter than the same period one year ago.

    Tulsa's median square footage for active listings during the 2024-03-01 period was 2,055 sqft. One year prior, the average listing was 2,231 sqft.