Albany USDA Loan Rates, Closing Costs & Stats

ALBANY, GA

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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.

    Albany's 9 lenders originated 13 USDA loans during 2023. The total origination value was $2,085,000, with an average USDA loan value of $160,385.

    Albany USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Albany averaged 6.5% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Albany's average USDA mortgage closing costs are $4,869.

    The average rate for the prior week (2025-02-07) was 6.66% and one month ago for the week of 2025-01-10, the average rate was 6.51%.

    The average rate one year ago was 6.6%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.53%.

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

    Albany 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 Albany level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Flagstar Bank, FSB 3 7.17% $7,714
    Synovus Bank 2 5.56% $7,600
    MORTGAGE INVESTORS GROUP, INC. 1 6.25% $5,271
    PLAZA HOME MORTGAGE, INC. 1 5.75% $9,693
    Renasant Bank 1 6.75% $6,587
    UNION HOME MORTGAGE CORP. 1 6.13% $4,031
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $5,186
    UNITED WHOLESALE MORTGAGE, LLC 1 6.50% $12,292
    CANOPY MORTGAGE, LLC 1 7.13% $6,169

    The top Albany USDA lender as defined by loan originations is Flagstar Bank, FSB, with 3 USDA loans originated. Their average total fees are $7,714, which is $114 higher than the next largest lender, Synovus Bank.

    The lowest fee Albany USDA lenders (with over 10 loans originated) are .

    The lowest rate Albany USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Albany (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 $119,900 (4.3%) $150,518 (9.8%) 0.44 581
    2018-02-01 $119,900 (4.3%) $154,222 (13.2%) 0.44 581
    2018-03-01 $124,000 (7.4%) $154,431 (8.4%) 0.44 603
    2018-04-01 $129,900 (9.3%) $161,849 (9.1%) 0.44 590
    2018-05-01 $129,900 (8.3%) $164,043 (5.0%) 0.43 589
    2018-06-01 $129,900 (0.4%) $163,899 (2.1%) 0.43 602
    2018-07-01 $122,500 (-4.3%) $155,992 (-1.6%) 0.41 612
    2018-08-01 $128,950 (-0.8%) $157,633 (-3.7%) 0.43 593
    2018-09-01 $125,000 (-3.8%) $156,084 (-4.3%) 0.42 619
    2018-10-01 $126,375 (-1.0%) $155,465 (-3.3%) 0.43 608
    2018-11-01 $122,450 (-5.4%) $152,829 (-1.2%) 0.42 597
    2018-12-01 $118,450 (-5.2%) $149,094 (-1.8%) 0.41 560
    2019-01-01 $116,900 (-2.5%) $147,935 (-1.7%) 0.40 494
    2019-02-01 $116,258 (-3.0%) $146,725 (-4.9%) 0.39 485
    2019-03-01 $118,329 (-4.6%) $148,143 (-4.1%) 0.39 487
    2019-04-01 $118,479 (-8.8%) $149,058 (-7.9%) 0.38 498
    2019-05-01 $115,975 (-10.7%) $148,259 (-9.6%) 0.36 511
    2019-06-01 $116,500 (-10.3%) $147,950 (-9.7%) 0.36 538
    2019-07-01 $122,500 (0.0%) $151,270 (-3.0%) 0.38 583
    2019-08-01 $119,950 (-7.0%) $150,577 (-4.5%) 0.38 595
    2019-09-01 $119,950 (-4.0%) $151,191 (-3.1%) 0.38 565
    2019-10-01 $119,950 (-5.1%) $151,802 (-2.4%) 0.39 528
    2019-11-01 $129,425 (5.7%) $157,693 (3.2%) 0.43 488
    2019-12-01 $134,950 (13.9%) $161,718 (8.5%) 0.45 457
    2020-01-01 $134,275 (14.9%) $160,107 (8.2%) 0.45 421
    2020-02-01 $135,000 (16.1%) $160,393 (9.3%) 0.44 432
    2020-03-01 $131,950 (11.5%) $159,265 (7.5%) 0.42 449
    2020-04-01 $134,900 (13.9%) $162,162 (8.8%) 0.42 432
    2020-05-01 $135,000 (16.4%) $163,444 (10.2%) 0.41 408
    2020-06-01 $137,425 (18.0%) $170,244 (15.1%) 0.40 358
    2020-07-01 $138,075 (12.7%) $169,935 (12.3%) 0.40 292
    2020-08-01 $135,000 (12.6%) $167,876 (11.5%) 0.39 280
    2020-09-01 $142,250 (18.6%) $181,411 (20.0%) 0.41 265
    2020-10-01 $149,900 (25.0%) $184,503 (21.5%) 0.43 280
    2020-11-01 $145,000 (12.0%) $181,726 (15.2%) 0.42 252
    2020-12-01 $144,000 (6.7%) $184,724 (14.2%) 0.43 254
    2021-01-01 $144,950 (8.0%) $185,940 (16.1%) 0.43 236
    2021-02-01 $138,875 (2.9%) $179,597 (12.0%) 0.40 228
    2021-03-01 $122,850 (-6.9%) $171,325 (7.6%) 0.35 217
    2021-04-01 $119,975 (-11.1%) $163,593 (0.9%) 0.32 208
    2021-05-01 $110,000 (-18.5%) $166,599 (1.9%) 0.29 193
    2021-06-01 $127,475 (-7.2%) $167,394 (-1.7%) 0.34 193
    2021-07-01 $133,500 (-3.3%) $168,435 (-0.9%) 0.35 210
    2021-08-01 $126,525 (-6.3%) $163,146 (-2.8%) 0.34 225
    2021-09-01 $139,900 (-1.7%) $169,552 (-6.5%) 0.37 246
    2021-10-01 $139,900 (-6.7%) $166,621 (-9.7%) 0.37 212
    2021-11-01 $134,475 (-7.3%) $168,312 (-7.4%) 0.36 219
    2021-12-01 $117,500 (-18.4%) $152,919 (-17.2%) 0.32 221
    2022-01-01 $115,000 (-20.7%) $157,188 (-15.5%) 0.31 180
    2022-02-01 $129,200 (-7.0%) $195,534 (8.9%) 0.34 166
    2022-03-01 $139,000 (13.2%) $193,709 (13.1%) 0.35 166
    2022-04-01 $173,000 (44.2%) $210,329 (28.6%) 0.41 174
    2022-05-01 $173,725 (57.9%) $215,800 (29.5%) 0.40 177
    2022-06-01 $180,600 (41.7%) $222,729 (33.1%) 0.40 195
    2022-07-01 $189,900 (42.3%) $232,258 (37.9%) 0.43 230
    2022-08-01 $208,750 (65.0%) $235,817 (44.5%) 0.48 235
    2022-09-01 $199,925 (42.9%) $250,151 (47.5%) 0.47 247
    2022-10-01 $209,900 (50.0%) $238,936 (43.4%) 0.49 249
    2022-11-01 $222,225 (65.3%) $241,099 (43.3%) 0.54 260
    2022-12-01 $199,900 (70.1%) $229,206 (49.9%) 0.49 252
    2023-01-01 $189,225 (64.5%) $223,901 (42.4%) 0.47 234
    2023-02-01 $171,125 (32.5%) $231,676 (18.5%) 0.42 238
    2023-03-01 $199,675 (43.7%) $252,005 (30.1%) 0.47 200
    2023-04-01 $217,450 (25.7%) $256,715 (22.1%) 0.51 186
    2023-05-01 $217,475 (25.2%) $285,043 (32.1%) 0.49 178
    2023-06-01 $226,350 (25.3%) $307,836 (38.2%) 0.51 192
    2023-07-01 $225,000 (18.5%) $292,936 (26.1%) 0.51 215
    2023-08-01 $212,450 (1.8%) $290,179 (23.1%) 0.49 249
    2023-09-01 $213,000 (6.5%) $288,794 (15.5%) 0.50 272
    2023-10-01 $200,000 (-4.7%) $284,187 (18.9%) 0.47 262
    2023-11-01 $200,000 (-10.0%) $250,693 (4.0%) 0.48 279
    2023-12-01 $200,000 (0.1%) $245,141 (7.0%) 0.49 264
    2024-01-01 $200,000 (5.7%) $281,923 (25.9%) 0.49 239
    2024-02-01 $205,000 (19.8%) $267,991 (15.7%) 0.49 264
    2024-03-01 $177,500 (-11.1%) $243,262 (-3.5%) 0.42 334
    2024-04-01 $183,750 (-15.5%) $247,463 (-3.6%) 0.43 327
    2024-05-01 $166,950 (-23.2%) $245,898 (-13.7%) 0.37 354
    2024-06-01 $189,900 (-16.1%) $239,676 (-22.1%) 0.43 464
    2024-07-01 $192,688 (-14.4%) $238,428 (-18.6%) 0.44 405
    2024-08-01 $199,500 (-6.1%) $235,673 (-18.8%) 0.46 389
    2024-09-01 $199,950 (-6.1%) $239,043 (-17.2%) 0.47 394
    2024-10-01 $193,475 (-3.3%) $240,925 (-15.2%) 0.46 405
    2024-11-01 $194,500 (-2.8%) $238,493 (-4.9%) 0.47 419
    2024-12-01 $199,900 (-0.1%) $244,979 (-0.1%) 0.50 370
    2025-01-01 $189,475 (-5.3%) $243,246 (-13.7%) 0.00 386
    Albany's median listing price for 2025-01-01 was $189,475, a difference of $-10,525 (-5.3%) versus the prior year and $-10,425 versus the prior month.

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

    Albany's average listing price for 2025-01-01 was $243,246, a difference of $-38,677 (-13.7%) versus the prior year and $-1,733 versus the prior month.

    For the 2025-01-01 period, Albany had 386 MLS listings, a difference of 16 listings (4%) versus the prior month and 147 listings (62%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Albany (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 88 days 1,813 sqft
    2018-02-01 86 days 1,840 sqft
    2018-03-01 73 days 1,836 sqft
    2018-04-01 70 days 1,857 sqft
    2018-05-01 73 days 1,848 sqft
    2018-06-01 75 days 1,839 sqft
    2018-07-01 73 days 1,784 sqft
    2018-08-01 75 days 1,802 sqft
    2018-09-01 79 days 1,825 sqft
    2018-10-01 96 days 1,809 sqft
    2018-11-01 97 days 1,800 sqft
    2018-12-01 107 days 1,765 sqft
    2019-01-01 118 days 1,783 sqft
    2019-02-01 108 days 1,753 sqft
    2019-03-01 88 days 1,737 sqft
    2019-04-01 68 days 1,725 sqft
    2019-05-01 68 days 1,721 sqft
    2019-06-01 61 days 1,707 sqft
    2019-07-01 59 days 1,705 sqft
    2019-08-01 68 days 1,711 sqft
    2019-09-01 79 days 1,734 sqft
    2019-10-01 90 days 1,752 sqft
    2019-11-01 95 days 1,784 sqft
    2019-12-01 89 days 1,806 sqft
    2020-01-01 95 days 1,805 sqft
    2020-02-01 87 days 1,823 sqft
    2020-03-01 61 days 1,800 sqft
    2020-04-01 65 days 1,804 sqft
    2020-05-01 78 days 1,823 sqft
    2020-06-01 91 days 1,843 sqft
    2020-07-01 81 days 1,837 sqft
    2020-08-01 58 days 1,826 sqft
    2020-09-01 59 days 1,912 sqft
    2020-10-01 50 days 1,893 sqft
    2020-11-01 54 days 1,910 sqft
    2020-12-01 61 days 1,901 sqft
    2021-01-01 72 days 1,916 sqft
    2021-02-01 63 days 1,875 sqft
    2021-03-01 42 days 1,734 sqft
    2021-04-01 37 days 1,657 sqft
    2021-05-01 52 days 1,640 sqft
    2021-06-01 44 days 1,700 sqft
    2021-07-01 38 days 1,667 sqft
    2021-08-01 40 days 1,614 sqft
    2021-09-01 41 days 1,670 sqft
    2021-10-01 48 days 1,645 sqft
    2021-11-01 42 days 1,658 sqft
    2021-12-01 50 days 1,541 sqft
    2022-01-01 53 days 1,580 sqft
    2022-02-01 48 days 1,607 sqft
    2022-03-01 54 days 1,639 sqft
    2022-04-01 33 days 1,652 sqft
    2022-05-01 38 days 1,687 sqft
    2022-06-01 30 days 1,755 sqft
    2022-07-01 32 days 1,790 sqft
    2022-08-01 45 days 1,875 sqft
    2022-09-01 52 days 1,780 sqft
    2022-10-01 50 days 1,812 sqft
    2022-11-01 64 days 1,846 sqft
    2022-12-01 73 days 1,827 sqft
    2023-01-01 73 days 1,825 sqft
    2023-02-01 59 days 1,725 sqft
    2023-03-01 49 days 1,846 sqft
    2023-04-01 51 days 1,883 sqft
    2023-05-01 48 days 1,871 sqft
    2023-06-01 43 days 1,897 sqft
    2023-07-01 44 days 1,949 sqft
    2023-08-01 38 days 1,897 sqft
    2023-09-01 44 days 1,816 sqft
    2023-10-01 56 days 1,806 sqft
    2023-11-01 65 days 1,771 sqft
    2023-12-01 79 days 1,747 sqft
    2024-01-01 81 days 1,713 sqft
    2024-02-01 57 days 1,759 sqft
    2024-03-01 31 days 1,625 sqft
    2024-04-01 61 days 1,657 sqft
    2024-05-01 81 days 1,668 sqft
    2024-06-01 61 days 1,667 sqft
    2024-07-01 80 days 1,634 sqft
    2024-08-01 78 days 1,601 sqft
    2024-09-01 74 days 1,629 sqft
    2024-10-01 78 days 1,654 sqft
    2024-11-01 71 days 1,678 sqft
    2024-12-01 80 days 1,720 sqft
    2025-01-01 0 days 1,668 sqft
    Albany'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.

    Albany's median square footage for active listings during the 2025-01-01 period was 1,668 sqft. One year prior, the average listing was 1,713 sqft.