Tuscaloosa USDA Loan Rates, Closing Costs & Stats

TUSCALOOSA, AL

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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.

    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 6.37% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Tuscaloosa's average USDA mortgage closing costs are $4,359.

    The average rate for the prior week (2025-02-07) was 6.03% and one month ago for the week of 2025-01-10, the average rate was 6.18%.

    The average rate one year ago was 6.17%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.8%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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. Louis
    Date 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 (13.2%) 0.70 869
    2018-03-01 $198,500 (13.5%) $281,227 (10.5%) 0.70 875
    2018-04-01 $199,900 (8.1%) $286,192 (8.9%) 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 (9.6%) $299,680 (7.7%) 0.71 891
    2018-09-01 $214,850 (13.1%) $313,706 (11.6%) 0.72 901
    2018-10-01 $209,900 (10.7%) $310,920 (12.8%) 0.71 923
    2018-11-01 $209,900 (11.3%) $306,834 (10.6%) 0.71 910
    2018-12-01 $207,588 (11.8%) $308,696 (13.0%) 0.71 887
    2019-01-01 $209,900 (10.5%) $312,531 (13.1%) 0.72 867
    2019-02-01 $211,686 (10.5%) $319,251 (14.4%) 0.71 872
    2019-03-01 $218,329 (10.0%) $327,044 (16.3%) 0.71 846
    2019-04-01 $226,400 (13.3%) $329,768 (15.2%) 0.71 830
    2019-05-01 $239,425 (19.8%) $338,094 (18.8%) 0.74 846
    2019-06-01 $234,950 (14.7%) $337,047 (15.6%) 0.73 867
    2019-07-01 $238,700 (11.1%) $349,922 (17.4%) 0.75 886
    2019-08-01 $238,536 (12.5%) $360,299 (20.2%) 0.76 884
    2019-09-01 $236,491 (10.1%) $355,320 (13.3%) 0.76 905
    2019-10-01 $234,600 (11.8%) $351,992 (13.2%) 0.76 918
    2019-11-01 $229,900 (9.5%) $343,437 (11.9%) 0.75 893
    2019-12-01 $224,099 (8.0%) $340,779 (10.4%) 0.75 887
    2020-01-01 $224,100 (6.8%) $344,784 (10.3%) 0.75 822
    2020-02-01 $236,148 (11.6%) $344,244 (7.8%) 0.77 789
    2020-03-01 $239,873 (9.9%) $349,168 (6.8%) 0.75 763
    2020-04-01 $245,800 (8.6%) $356,190 (8.0%) 0.77 759
    2020-05-01 $240,398 (0.4%) $343,242 (1.5%) 0.73 724
    2020-06-01 $245,100 (4.3%) $350,526 (4.0%) 0.72 682
    2020-07-01 $249,900 (4.7%) $351,893 (0.6%) 0.72 683
    2020-08-01 $249,900 (4.8%) $345,634 (-4.1%) 0.72 682
    2020-09-01 $249,975 (5.7%) $350,550 (-1.3%) 0.72 660
    2020-10-01 $249,900 (6.5%) $345,873 (-1.7%) 0.72 689
    2020-11-01 $249,950 (8.7%) $351,293 (2.3%) 0.73 659
    2020-12-01 $250,300 (11.7%) $354,534 (4.0%) 0.74 598
    2021-01-01 $249,000 (11.1%) $352,396 (2.2%) 0.74 549
    2021-02-01 $252,950 (7.1%) $352,698 (2.5%) 0.74 554
    2021-03-01 $267,100 (11.4%) $350,485 (0.4%) 0.76 540
    2021-04-01 $276,500 (12.5%) $376,355 (5.7%) 0.75 468
    2021-05-01 $274,900 (14.4%) $384,254 (12.0%) 0.73 418
    2021-06-01 $277,400 (13.2%) $387,927 (10.7%) 0.73 435
    2021-07-01 $269,990 (8.0%) $378,035 (7.4%) 0.71 476
    2021-08-01 $265,748 (6.3%) $380,340 (10.0%) 0.71 461
    2021-09-01 $264,950 (6.0%) $383,384 (9.4%) 0.71 463
    2021-10-01 $249,900 (0.0%) $378,466 (9.4%) 0.69 449
    2021-11-01 $256,524 (2.6%) $377,710 (7.5%) 0.70 433
    2021-12-01 $263,799 (5.4%) $369,406 (4.2%) 0.72 424
    2022-01-01 $249,900 (0.4%) $361,553 (2.6%) 0.68 344
    2022-02-01 $257,600 (1.8%) $373,977 (6.0%) 0.67 356
    2022-03-01 $276,975 (3.7%) $371,018 (5.9%) 0.69 351
    2022-04-01 $299,900 (8.5%) $382,413 (1.6%) 0.71 343
    2022-05-01 $299,950 (9.1%) $379,654 (-1.2%) 0.69 416
    2022-06-01 $309,000 (11.4%) $377,356 (-2.7%) 0.69 504
    2022-07-01 $310,000 (14.8%) $383,909 (1.6%) 0.70 597
    2022-08-01 $309,673 (16.5%) $385,926 (1.5%) 0.72 577
    2022-09-01 $305,000 (15.1%) $382,710 (-0.2%) 0.71 573
    2022-10-01 $303,950 (21.6%) $386,580 (2.1%) 0.71 522
    2022-11-01 $292,724 (14.1%) $377,780 (0.0%) 0.70 533
    2022-12-01 $290,500 (10.1%) $378,722 (2.5%) 0.72 511
    2023-01-01 $292,400 (17.0%) $384,837 (6.4%) 0.72 511
    2023-02-01 $293,900 (14.1%) $394,509 (5.5%) 0.71 523
    2023-03-01 $296,950 (7.2%) $396,274 (6.8%) 0.70 508
    2023-04-01 $299,900 (0.0%) $421,980 (10.4%) 0.70 494
    2023-05-01 $297,000 (-1.0%) $437,118 (15.1%) 0.67 474
    2023-06-01 $298,450 (-3.4%) $446,481 (18.3%) 0.67 486
    2023-07-01 $295,000 (-4.8%) $435,256 (13.4%) 0.67 466
    2023-08-01 $292,975 (-5.4%) $427,041 (10.7%) 0.66 488
    2023-09-01 $284,950 (-6.6%) $412,848 (7.9%) 0.65 524
    2023-10-01 $295,000 (-2.9%) $414,096 (7.1%) 0.69 606
    2023-11-01 $291,925 (-0.3%) $410,482 (8.7%) 0.69 643
    2023-12-01 $293,000 (0.9%) $413,521 (9.2%) 0.71 614
    2024-01-01 $298,975 (2.3%) $429,180 (11.5%) 0.73 558
    2024-02-01 $299,900 (2.0%) $455,737 (15.5%) 0.72 574
    2024-03-01 $299,900 (1.0%) $459,764 (16.0%) 0.71 605
    2024-04-01 $302,950 (1.0%) $463,138 (9.8%) 0.70 598
    2024-05-01 $307,900 (3.7%) $455,440 (4.2%) 0.70 629
    2024-06-01 $305,900 (2.5%) $451,493 (1.1%) 0.69 628
    2024-07-01 $309,900 (5.1%) $452,732 (4.0%) 0.71 641
    2024-08-01 $309,900 (5.8%) $435,018 (1.9%) 0.72 674
    2024-09-01 $309,925 (8.8%) $435,240 (5.4%) 0.73 656
    2024-10-01 $314,900 (6.8%) $437,297 (5.6%) 0.74 679
    2024-11-01 $299,900 (2.7%) $431,975 (5.2%) 0.72 680
    2024-12-01 $299,450 (2.2%) $430,930 (4.2%) 0.74 653
    2025-01-01 $299,900 (0.3%) $433,609 (1.0%) 0.00 635
    Tuscaloosa's median listing price for 2025-01-01 was $299,900, a difference of $925 (0.3%) versus the prior year and $450 versus the prior month.

    Tuscaloosa's median listing price comes in at 0% of the national average.

    Tuscaloosa's average listing price for 2025-01-01 was $433,609, a difference of $4,429 (1.0%) versus the prior year and $2,679 versus the prior month.

    For the 2025-01-01 period, Tuscaloosa had 635 MLS listings, a difference of -18 listings (-3%) versus the prior month and 77 listings (14%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tuscaloosa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date 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 1,762 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 1,758 sqft
    2018-11-01 73 days 1,742 sqft
    2018-12-01 89 days 1,728 sqft
    2019-01-01 94 days 1,726 sqft
    2019-02-01 86 days 1,719 sqft
    2019-03-01 76 days 1,742 sqft
    2019-04-01 64 days 1,777 sqft
    2019-05-01 64 days 1,822 sqft
    2019-06-01 61 days 1,800 sqft
    2019-07-01 65 days 1,850 sqft
    2019-08-01 66 days 1,840 sqft
    2019-09-01 64 days 1,818 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 1,785 sqft
    2020-04-01 74 days 1,801 sqft
    2020-05-01 77 days 1,774 sqft
    2020-06-01 74 days 1,799 sqft
    2020-07-01 63 days 1,798 sqft
    2020-08-01 59 days 1,763 sqft
    2020-09-01 74 days 1,798 sqft
    2020-10-01 81 days 1,750 sqft
    2020-11-01 79 days 1,755 sqft
    2020-12-01 82 days 1,726 sqft
    2021-01-01 71 days 1,639 sqft
    2021-02-01 48 days 1,600 sqft
    2021-03-01 47 days 1,611 sqft
    2021-04-01 57 days 1,604 sqft
    2021-05-01 58 days 1,643 sqft
    2021-06-01 49 days 1,643 sqft
    2021-07-01 48 days 1,744 sqft
    2021-08-01 45 days 1,793 sqft
    2021-09-01 49 days 1,799 sqft
    2021-10-01 57 days 1,800 sqft
    2021-11-01 61 days 1,820 sqft
    2021-12-01 59 days 1,777 sqft
    2022-01-01 65 days 1,708 sqft
    2022-02-01 53 days 1,720 sqft
    2022-03-01 40 days 1,783 sqft
    2022-04-01 39 days 1,904 sqft
    2022-05-01 37 days 1,937 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 2,047 sqft
    2022-10-01 71 days 2,050 sqft
    2022-11-01 67 days 1,986 sqft
    2022-12-01 68 days 1,959 sqft
    2023-01-01 73 days 1,890 sqft
    2023-02-01 59 days 1,847 sqft
    2023-03-01 55 days 1,885 sqft
    2023-04-01 53 days 1,914 sqft
    2023-05-01 51 days 1,889 sqft
    2023-06-01 47 days 1,869 sqft
    2023-07-01 49 days 1,870 sqft
    2023-08-01 51 days 1,861 sqft
    2023-09-01 50 days 1,848 sqft
    2023-10-01 50 days 1,834 sqft
    2023-11-01 52 days 1,821 sqft
    2023-12-01 60 days 1,830 sqft
    2024-01-01 80 days 1,831 sqft
    2024-02-01 67 days 1,808 sqft
    2024-03-01 52 days 1,801 sqft
    2024-04-01 52 days 1,817 sqft
    2024-05-01 51 days 1,835 sqft
    2024-06-01 54 days 1,845 sqft
    2024-07-01 57 days 1,886 sqft
    2024-08-01 57 days 1,859 sqft
    2024-09-01 62 days 1,866 sqft
    2024-10-01 65 days 1,871 sqft
    2024-11-01 63 days 1,847 sqft
    2024-12-01 69 days 1,800 sqft
    2025-01-01 0 days 1,792 sqft
    Tuscaloosa's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Tuscaloosa's median square footage for active listings during the 2025-01-01 period was 1,792 sqft. One year prior, the average listing was 1,831 sqft.