Albertville USDA Loan Rates, Closing Costs & Stats

Albertville, 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.

Albertville's 21 lenders originated 67 USDA loans during 2023. The total origination value was $12,945,000, with an average USDA loan value of $193,209.

Albertville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Albertville averaged 6.71% for the week of 2024-07-19, compared to the national average (all USDA variants) of 6.628% for the same period.

Albertville's average USDA mortgage closing costs are $4,538.

The average rate for the prior week (2024-07-12) was 6.73% and one month ago for the week of 2024-06-14, the average rate was 6.66%.

The average rate one year ago was 6.81%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.42%.

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

Albertville 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 Albertville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
FirstBank 11 6.20% $7,418
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 6.48% $4,627
GMFS LLC 9 6.51% $3,245
TJC Mortgage, Inc. 7 6.48% $6,609
GUARANTEED RATE, INC. 6 5.99% $6,899
UNITED WHOLESALE MORTGAGE, LLC 3 6.49% $5,225
CROSSCOUNTRY MORTGAGE, LLC 2 6.25% $8,391
Regions Bank 2 6.19% $7,508
UNION HOME MORTGAGE CORP. 2 6.56% $9,238
CARDINAL FINANCIAL 2 5.87% $7,172
Hamilton Mortgage Corporation 2 6.75% $7,892
Victorian Finance, LLC 1 5.75% $8,469
Century Mortgage Company DBA Century Lending Company 1 6.00% $7,967
CERTAINTY HOME LOANS, LLC 1 5.88% $5,763
DAS Acquisition Company, LLC 1 6.25% $7,372
DELMAR FINANCIAL COMPANY 1 7.25% $6,325
GUILD MORTGAGE COMPANY 1 7.13% $10,312
LOANDEPOT.COM, LLC 1 6.25% $8,066
MORTGAGE INVESTORS GROUP, INC. 1 6.50% $5,601
NEWREZ LLC 1 6.99% $4,423
Synovus Bank 1 6.13% $5,066

The top Albertville USDA lender as defined by loan originations is FirstBank, with 11 USDA loans originated. Their average total fees are $7,418, which is $2,791 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Albertville USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,627), FirstBank ($7,418), .

The lowest rate Albertville USDA lenders (with over 10 loans originated) are FirstBank (6.20%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.48%), .