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 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 6.88% for the week of 2024-05-10, compared to the national average (all USDA variants) of 6.785% for the same period.

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

The average rate for the prior week (2024-05-03) was 6.97% and one month ago for the week of 2024-04-05, the average rate was 6.42%.

The average rate one year ago was 6.31%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.62%.

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
2024-04-01 $334,948 (-9.5%) $431,834 (0.2%) 0.78 2,219
Tulsa's median listing price for 2024-04-01 was $334,948, a difference of $-34,952 (-9.5%) versus the prior year and $-4,975 versus the prior month.

Tulsa's median listing price comes in at 78% of the national average.

Tulsa's average listing price for 2024-04-01 was $431,834, a difference of $1,050 (0.2%) versus the prior year and $6,426 versus the prior month.

For the 2024-04-01 period, Tulsa had 2,219 MLS listings, a difference of 91 listings (4%) versus the prior month and 397 listings (22%) 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 2,064 sqft
2024-03-01 48 days 2,055 sqft
2024-04-01 43 days 2,055 sqft
Tulsa's median listing age (time on market) for 2024-04-01 was 43 days. This is -7% shorter than the same period one year ago.

Tulsa's median square footage for active listings during the 2024-04-01 period was 2,055 sqft. One year prior, the average listing was 2,243 sqft.