Tuscaloosa USDA Loan Rates, Closing Costs & Stats
TUSCALOOSA, AL
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.
Tuscaloosa's 23 lenders originated 76 USDA loans during 2023. The total origination value was $16,080,000, with an average USDA loan value of $211,579.
Tuscaloosa USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Tuscaloosa
averaged
6.15%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Tuscaloosa's average USDA mortgage closing costs are $4,359.
The average rate for the prior week (2024-12-06) was
6.09% and
one month ago for the week of 2024-11-08, the
average rate was 6.1%.
The average rate one year ago was 6.67%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.38%.
Tuscaloosa 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 Tuscaloosa level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
RELIANCE FIRST CAPITAL, LLC | 18 | 6.24% | $3,843 |
Renasant Bank | 11 | 5.93% | $8,129 |
MOVEMENT MORTGAGE, LLC | 11 | 6.39% | $7,402 |
First Federal Bank, A FSB | 8 | 6.20% | $7,586 |
FirstBank | 3 | 6.33% | $8,253 |
CORNERSTONE HOME LENDING, INC. | 3 | 6.00% | $3,408 |
UNITED WHOLESALE MORTGAGE, LLC | 2 | 5.90% | $5,619 |
HOMESIDE FINANCIAL, LLC | 2 | 6.56% | $6,445 |
Regions Bank | 2 | 6.31% | $6,118 |
GMFS LLC | 2 | 6.44% | $8,184 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 6.25% | $5,995 |
STOCKTON MORTGAGE CORPORATION | 1 | 7.13% | $5,344 |
GUILD MORTGAGE COMPANY | 1 | 6.63% | $8,336 |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 6.13% | $4,061 |
BancorpSouth | 1 | 5.88% | $8,702 |
BROKER SOLUTIONS, INC. | 1 | 6.50% | $4,918 |
Consumer First Mortgage, Inc. | 1 | 6.13% | $7,170 |
CROSSCOUNTRY MORTGAGE, LLC | 1 | 5.99% | $13,148 |
AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 7.25% | $8,804 |
Hamilton Mortgage Corporation | 1 | 6.50% | $3,808 |
NEWREZ LLC | 1 | 7.25% | $5,018 |
PLAZA HOME MORTGAGE, INC. | 1 | 5.88% | $8,493 |
SouthPoint Bank | 1 | 6.63% | $2,711 |
The top Tuscaloosa USDA lender as defined by loan originations is RELIANCE FIRST CAPITAL, LLC, with
18 USDA loans originated. Their average total fees are
$3,843, which is $4,286
lower than the next largest lender,
Renasant Bank.
The lowest fee Tuscaloosa USDA lenders (with over 10 loans originated) are
RELIANCE FIRST CAPITAL, LLC ($3,843), MOVEMENT MORTGAGE, LLC ($7,402), Renasant Bank ($8,129), .
The lowest rate Tuscaloosa USDA lenders (with over 10 loans originated) are
Renasant Bank (5.93%), RELIANCE FIRST CAPITAL, LLC (6.24%), MOVEMENT MORTGAGE, LLC (6.39%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Tuscaloosa (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 | $189,900 (8.5%) | $276,405 (12.2%) | 0.70 | 842 |
2018-02-01 | $191,515 (10.1%) | $279,008 (13.1%) | 0.70 | 869 |
2018-03-01 | $198,500 (13.5%) | $281,227 (10.4%) | 0.70 | 875 |
2018-04-01 | $199,900 (7.9%) | $286,192 (9.0%) | 0.68 | 877 |
2018-05-01 | $199,900 (5.4%) | $284,496 (7.8%) | 0.67 | 856 |
2018-06-01 | $204,925 (7.9%) | $291,475 (8.2%) | 0.68 | 861 |
2018-07-01 | $214,900 (13.2%) | $298,113 (10.6%) | 0.72 | 901 |
2018-08-01 | $211,950 (9.1%) | $299,680 (7.6%) | 0.71 | 891 |
2018-09-01 | $214,900 (13.2%) | $313,706 (11.6%) | 0.72 | 901 |
2018-10-01 | $209,900 (10.5%) | $310,776 (12.8%) | 0.71 | 924 |
2018-11-01 | $209,900 (11.3%) | $305,671 (10.1%) | 0.71 | 915 |
2018-12-01 | $205,800 (10.8%) | $307,521 (12.6%) | 0.71 | 894 |
2019-01-01 | $208,029 (9.6%) | $311,251 (12.6%) | 0.72 | 874 |
2019-02-01 | $210,410 (9.9%) | $317,988 (14.0%) | 0.71 | 879 |
2019-03-01 | $217,043 (9.3%) | $325,682 (15.8%) | 0.71 | 853 |
2019-04-01 | $222,425 (11.3%) | $327,746 (14.5%) | 0.71 | 836 |
2019-05-01 | $238,250 (19.2%) | $336,665 (18.3%) | 0.74 | 852 |
2019-06-01 | $232,395 (13.4%) | $335,666 (15.2%) | 0.73 | 874 |
2019-07-01 | $238,225 (10.9%) | $348,875 (17.0%) | 0.75 | 891 |
2019-08-01 | $238,536 (12.5%) | $359,414 (19.9%) | 0.76 | 888 |
2019-09-01 | $236,491 (10.1%) | $354,816 (13.1%) | 0.76 | 907 |
2019-10-01 | $234,250 (11.6%) | $351,751 (13.2%) | 0.76 | 920 |
2019-11-01 | $229,900 (9.5%) | $343,437 (12.4%) | 0.75 | 893 |
2019-12-01 | $224,099 (8.9%) | $340,779 (10.8%) | 0.75 | 887 |
2020-01-01 | $223,825 (7.6%) | $344,552 (10.7%) | 0.75 | 823 |
2020-02-01 | $235,900 (12.1%) | $344,007 (8.2%) | 0.77 | 790 |
2020-03-01 | $238,710 (10.0%) | $347,992 (6.9%) | 0.75 | 768 |
2020-04-01 | $245,075 (10.2%) | $355,350 (8.4%) | 0.77 | 763 |
2020-05-01 | $240,000 (0.7%) | $342,506 (1.7%) | 0.73 | 727 |
2020-06-01 | $245,150 (5.5%) | $349,706 (4.2%) | 0.72 | 685 |
2020-07-01 | $249,900 (4.9%) | $351,741 (0.8%) | 0.72 | 684 |
2020-08-01 | $249,900 (4.8%) | $345,615 (-3.8%) | 0.72 | 684 |
2020-09-01 | $249,950 (5.7%) | $349,878 (-1.4%) | 0.72 | 665 |
2020-10-01 | $249,900 (6.7%) | $345,034 (-1.9%) | 0.72 | 694 |
2020-11-01 | $249,900 (8.7%) | $350,561 (2.1%) | 0.73 | 663 |
2020-12-01 | $249,950 (11.5%) | $353,860 (3.8%) | 0.74 | 602 |
2021-01-01 | $249,000 (11.3%) | $351,506 (2.0%) | 0.74 | 552 |
2021-02-01 | $252,950 (7.2%) | $352,698 (2.5%) | 0.74 | 554 |
2021-03-01 | $269,200 (12.8%) | $351,306 (1.0%) | 0.76 | 540 |
2021-04-01 | $276,500 (12.8%) | $376,350 (5.9%) | 0.75 | 470 |
2021-05-01 | $275,000 (14.6%) | $384,241 (12.2%) | 0.73 | 422 |
2021-06-01 | $277,425 (13.2%) | $387,941 (10.9%) | 0.73 | 439 |
2021-07-01 | $270,448 (8.2%) | $378,135 (7.5%) | 0.71 | 479 |
2021-08-01 | $267,271 (7.0%) | $380,523 (10.1%) | 0.71 | 465 |
2021-09-01 | $265,796 (6.3%) | $383,530 (9.6%) | 0.71 | 468 |
2021-10-01 | $259,900 (4.0%) | $379,199 (9.9%) | 0.69 | 461 |
2021-11-01 | $261,324 (4.6%) | $378,516 (8.0%) | 0.70 | 440 |
2021-12-01 | $266,549 (6.6%) | $370,245 (4.6%) | 0.72 | 429 |
2022-01-01 | $249,900 (0.4%) | $362,835 (3.2%) | 0.68 | 350 |
2022-02-01 | $257,298 (1.7%) | $373,790 (6.0%) | 0.67 | 355 |
2022-03-01 | $276,000 (2.5%) | $370,936 (5.6%) | 0.69 | 349 |
2022-04-01 | $299,900 (8.5%) | $382,387 (1.6%) | 0.71 | 341 |
2022-05-01 | $299,925 (9.1%) | $379,823 (-1.2%) | 0.69 | 415 |
2022-06-01 | $308,895 (11.3%) | $377,326 (-2.7%) | 0.69 | 502 |
2022-07-01 | $310,000 (14.6%) | $383,849 (1.5%) | 0.70 | 596 |
2022-08-01 | $309,673 (15.9%) | $385,939 (1.4%) | 0.72 | 575 |
2022-09-01 | $304,975 (14.7%) | $382,834 (-0.2%) | 0.71 | 570 |
2022-10-01 | $303,816 (16.9%) | $386,737 (2.0%) | 0.71 | 520 |
2022-11-01 | $292,574 (12.0%) | $377,983 (-0.1%) | 0.70 | 531 |
2022-12-01 | $289,900 (8.8%) | $378,944 (2.4%) | 0.72 | 509 |
2023-01-01 | $291,561 (16.7%) | $385,076 (6.1%) | 0.72 | 509 |
2023-02-01 | $293,671 (14.1%) | $394,562 (5.6%) | 0.71 | 522 |
2023-03-01 | $295,950 (7.2%) | $396,249 (6.8%) | 0.70 | 507 |
2023-04-01 | $299,250 (-0.2%) | $421,612 (10.3%) | 0.70 | 496 |
2023-05-01 | $297,000 (-1.0%) | $436,892 (15.0%) | 0.67 | 476 |
2023-06-01 | $297,399 (-3.7%) | $446,645 (18.4%) | 0.67 | 485 |
2023-07-01 | $294,900 (-4.9%) | $435,404 (13.4%) | 0.67 | 464 |
2023-08-01 | $288,750 (-6.8%) | $427,389 (10.7%) | 0.66 | 485 |
2023-09-01 | $280,000 (-8.2%) | $413,149 (7.9%) | 0.65 | 521 |
2023-10-01 | $295,000 (-2.9%) | $414,372 (7.2%) | 0.69 | 604 |
2023-11-01 | $289,900 (-0.9%) | $410,990 (8.7%) | 0.69 | 639 |
2023-12-01 | $289,900 (0.0%) | $413,964 (9.2%) | 0.71 | 610 |
2024-01-01 | $298,575 (2.4%) | $429,711 (11.6%) | 0.73 | 554 |
2024-02-01 | $299,900 (2.1%) | $456,606 (15.7%) | 0.72 | 569 |
2024-03-01 | $299,900 (1.3%) | $460,388 (16.2%) | 0.71 | 602 |
2024-04-01 | $302,950 (1.2%) | $463,617 (10.0%) | 0.70 | 595 |
2024-05-01 | $308,900 (4.0%) | $462,912 (6.0%) | 0.70 | 627 |
2024-06-01 | $307,900 (3.5%) | $457,970 (2.5%) | 0.69 | 624 |
2024-07-01 | $309,900 (5.1%) | $452,947 (4.0%) | 0.71 | 640 |
2024-08-01 | $309,900 (7.3%) | $434,659 (1.7%) | 0.72 | 675 |
2024-09-01 | $309,900 (10.7%) | $434,871 (5.3%) | 0.73 | 657 |
2024-10-01 | $313,675 (6.3%) | $436,934 (5.4%) | 0.74 | 680 |
2024-11-01 | $299,900 (3.5%) | $431,628 (5.0%) | 0.72 | 681 |
Tuscaloosa's median listing price comes in at 72% of the national average.
Tuscaloosa's average listing price for 2024-11-01 was $431,628, a difference of $20,638 (5.0%) versus the prior year and $-5,306 versus the prior month.
For the 2024-11-01 period, Tuscaloosa had 681 MLS listings, a difference of 1 listings (0%) versus the prior month and 42 listings (7%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Tuscaloosa (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 93 days | 1,773 sqft |
2018-02-01 | 88 days | 1,776 sqft |
2018-03-01 | 61 days | 1,761 sqft |
2018-04-01 | 60 days | 1,770 sqft |
2018-05-01 | 63 days | 1,767 sqft |
2018-06-01 | 67 days | 1,763 sqft |
2018-07-01 | 68 days | 1,810 sqft |
2018-08-01 | 67 days | 1,791 sqft |
2018-09-01 | 68 days | 1,774 sqft |
2018-10-01 | 72 days | 1,754 sqft |
2018-11-01 | 73 days | 1,736 sqft |
2018-12-01 | 89 days | 1,718 sqft |
2019-01-01 | 94 days | 1,717 sqft |
2019-02-01 | 86 days | 1,710 sqft |
2019-03-01 | 76 days | 1,732 sqft |
2019-04-01 | 64 days | 1,766 sqft |
2019-05-01 | 64 days | 1,813 sqft |
2019-06-01 | 61 days | 1,797 sqft |
2019-07-01 | 65 days | 1,847 sqft |
2019-08-01 | 66 days | 1,837 sqft |
2019-09-01 | 64 days | 1,817 sqft |
2019-10-01 | 64 days | 1,803 sqft |
2019-11-01 | 78 days | 1,804 sqft |
2019-12-01 | 94 days | 1,801 sqft |
2020-01-01 | 97 days | 1,779 sqft |
2020-02-01 | 86 days | 1,774 sqft |
2020-03-01 | 69 days | 1,779 sqft |
2020-04-01 | 74 days | 1,800 sqft |
2020-05-01 | 77 days | 1,774 sqft |
2020-06-01 | 74 days | 1,798 sqft |
2020-07-01 | 63 days | 1,799 sqft |
2020-08-01 | 59 days | 1,765 sqft |
2020-09-01 | 74 days | 1,800 sqft |
2020-10-01 | 81 days | 1,750 sqft |
2020-11-01 | 79 days | 1,755 sqft |
2020-12-01 | 82 days | 1,727 sqft |
2021-01-01 | 71 days | 1,642 sqft |
2021-02-01 | 48 days | 1,602 sqft |
2021-03-01 | 47 days | 1,611 sqft |
2021-04-01 | 57 days | 1,604 sqft |
2021-05-01 | 58 days | 1,647 sqft |
2021-06-01 | 49 days | 1,650 sqft |
2021-07-01 | 48 days | 1,746 sqft |
2021-08-01 | 45 days | 1,797 sqft |
2021-09-01 | 49 days | 1,810 sqft |
2021-10-01 | 57 days | 1,850 sqft |
2021-11-01 | 61 days | 1,850 sqft |
2021-12-01 | 59 days | 1,828 sqft |
2022-01-01 | 65 days | 1,712 sqft |
2022-02-01 | 53 days | 1,711 sqft |
2022-03-01 | 40 days | 1,783 sqft |
2022-04-01 | 39 days | 1,904 sqft |
2022-05-01 | 37 days | 1,939 sqft |
2022-06-01 | 36 days | 1,994 sqft |
2022-07-01 | 39 days | 2,040 sqft |
2022-08-01 | 52 days | 2,052 sqft |
2022-09-01 | 61 days | 2,050 sqft |
2022-10-01 | 71 days | 2,050 sqft |
2022-11-01 | 67 days | 1,987 sqft |
2022-12-01 | 68 days | 1,959 sqft |
2023-01-01 | 73 days | 1,888 sqft |
2023-02-01 | 59 days | 1,845 sqft |
2023-03-01 | 55 days | 1,885 sqft |
2023-04-01 | 53 days | 1,913 sqft |
2023-05-01 | 51 days | 1,890 sqft |
2023-06-01 | 47 days | 1,867 sqft |
2023-07-01 | 49 days | 1,870 sqft |
2023-08-01 | 51 days | 1,861 sqft |
2023-09-01 | 50 days | 1,849 sqft |
2023-10-01 | 50 days | 1,845 sqft |
2023-11-01 | 52 days | 1,827 sqft |
2023-12-01 | 60 days | 1,837 sqft |
2024-01-01 | 80 days | 1,834 sqft |
2024-02-01 | 67 days | 1,809 sqft |
2024-03-01 | 52 days | 1,802 sqft |
2024-04-01 | 52 days | 1,820 sqft |
2024-05-01 | 51 days | 1,839 sqft |
2024-06-01 | 54 days | 1,881 sqft |
2024-07-01 | 57 days | 1,887 sqft |
2024-08-01 | 57 days | 1,859 sqft |
2024-09-01 | 62 days | 1,866 sqft |
2024-10-01 | 65 days | 1,870 sqft |
2024-11-01 | 63 days | 1,846 sqft |
Tuscaloosa's median square footage for active listings during the 2024-11-01 period was 1,846 sqft. One year prior, the average listing was 1,827 sqft.