Albertville USDA Loan Rates, Closing Costs & Stats

Albertville, 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.

    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 0.08% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.23% and one month ago for the week of 2024-10-11, the average rate was 5.79%.

    The average rate one year ago was 7.32%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.11%.

    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%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Albertville (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 $179,900 (5.9%) $261,445 (4.7%) 0.00 425
    2018-02-01 $170,000 (0.1%) $260,392 (4.1%) 0.00 419
    2018-03-01 $179,900 (2.8%) $274,964 (5.2%) 0.00 420
    2018-04-01 $184,900 (2.9%) $274,759 (3.7%) 0.00 419
    2018-05-01 $185,750 (0.8%) $280,540 (3.9%) 0.00 424
    2018-06-01 $198,950 (6.3%) $282,349 (5.6%) 0.00 416
    2018-07-01 $192,400 (3.2%) $276,363 (3.5%) 0.00 409
    2018-08-01 $189,025 (-1.0%) $273,941 (0.9%) 0.00 413
    2018-09-01 $195,700 (0.4%) $277,743 (2.5%) 0.00 425
    2018-10-01 $199,900 (6.7%) $289,067 (6.7%) 0.00 393
    2018-11-01 $222,400 (23.6%) $302,120 (14.7%) 0.00 360
    2018-12-01 $224,900 (24.1%) $308,709 (18.0%) 0.00 347
    2019-01-01 $219,500 (22.0%) $296,894 (13.6%) 0.00 363
    2019-02-01 $229,900 (35.2%) $305,182 (17.2%) 0.00 345
    2019-03-01 $229,921 (27.8%) $305,448 (11.1%) 0.00 351
    2019-04-01 $229,946 (24.4%) $309,023 (12.5%) 0.00 362
    2019-05-01 $229,200 (23.4%) $315,337 (12.4%) 0.00 370
    2019-06-01 $239,900 (20.6%) $330,586 (17.1%) 0.00 370
    2019-07-01 $233,975 (21.6%) $326,257 (18.1%) 0.00 365
    2019-08-01 $229,691 (21.5%) $320,290 (16.9%) 0.00 360
    2019-09-01 $229,302 (17.2%) $316,945 (14.1%) 0.00 342
    2019-10-01 $228,500 (14.3%) $313,368 (8.4%) 0.00 329
    2019-11-01 $229,900 (3.4%) $315,503 (4.4%) 0.00 315
    2019-12-01 $225,100 (0.1%) $311,638 (1.0%) 0.00 301
    2020-01-01 $222,288 (1.3%) $309,768 (4.3%) 0.00 278
    2020-02-01 $234,900 (2.2%) $327,264 (7.2%) 0.00 269
    2020-03-01 $236,900 (3.0%) $337,032 (10.3%) 0.00 281
    2020-04-01 $239,600 (4.2%) $340,815 (10.3%) 0.00 285
    2020-05-01 $240,000 (4.7%) $346,849 (10.0%) 0.00 270
    2020-06-01 $247,425 (3.1%) $351,867 (6.4%) 0.00 250
    2020-07-01 $238,775 (2.1%) $353,787 (8.4%) 0.00 216
    2020-08-01 $249,300 (8.5%) $357,584 (11.6%) 0.00 222
    2020-09-01 $246,925 (7.7%) $352,856 (11.3%) 0.00 208
    2020-10-01 $259,000 (13.4%) $370,719 (18.3%) 0.00 197
    2020-11-01 $249,925 (8.7%) $356,694 (13.1%) 0.00 193
    2020-12-01 $247,475 (9.9%) $354,677 (13.8%) 0.00 180
    2021-01-01 $249,000 (12.0%) $354,585 (14.5%) 0.00 169
    2021-02-01 $261,250 (11.2%) $384,424 (17.5%) 0.00 125
    2021-03-01 $262,400 (10.8%) $405,454 (20.3%) 0.00 110
    2021-04-01 $266,200 (11.1%) $415,783 (22.0%) 0.00 111
    2021-05-01 $299,900 (25.0%) $427,828 (23.4%) 0.00 129
    2021-06-01 $301,175 (21.7%) $510,186 (45.0%) 0.00 111
    2021-07-01 $289,900 (21.4%) $476,312 (34.6%) 0.00 130
    2021-08-01 $293,200 (17.6%) $481,908 (34.8%) 0.00 146
    2021-09-01 $272,450 (10.3%) $435,546 (23.4%) 0.00 142
    2021-10-01 $259,900 (0.4%) $415,701 (12.1%) 0.00 162
    2021-11-01 $284,250 (13.7%) $457,375 (28.2%) 0.00 159
    2021-12-01 $275,750 (11.4%) $438,373 (23.6%) 0.00 131
    2022-01-01 $284,400 (14.2%) $488,481 (37.8%) 0.00 118
    2022-02-01 $289,575 (10.8%) $491,651 (27.9%) 0.00 116
    2022-03-01 $307,425 (17.2%) $496,518 (22.5%) 0.00 126
    2022-04-01 $332,000 (24.7%) $501,458 (20.6%) 0.00 130
    2022-05-01 $357,925 (19.4%) $532,533 (24.5%) 0.00 143
    2022-06-01 $357,400 (18.7%) $519,544 (1.8%) 0.00 181
    2022-07-01 $339,450 (17.1%) $489,579 (2.8%) 0.00 198
    2022-08-01 $327,125 (11.6%) $490,614 (1.8%) 0.00 215
    2022-09-01 $319,900 (17.4%) $488,196 (12.1%) 0.00 219
    2022-10-01 $324,900 (25.0%) $485,500 (16.8%) 0.00 222
    2022-11-01 $359,990 (26.7%) $505,232 (10.5%) 0.00 220
    2022-12-01 $350,000 (26.9%) $528,914 (20.7%) 0.00 213
    2023-01-01 $351,823 (23.7%) $522,657 (7.0%) 0.00 216
    2023-02-01 $352,900 (21.9%) $518,308 (5.4%) 0.00 220
    2023-03-01 $354,900 (15.4%) $497,517 (0.2%) 0.00 227
    2023-04-01 $359,450 (8.3%) $505,262 (0.8%) 0.00 210
    2023-05-01 $359,870 (0.5%) $503,808 (-5.4%) 0.00 202
    2023-06-01 $365,950 (2.4%) $518,367 (-0.2%) 0.00 197
    2023-07-01 $379,900 (11.9%) $537,460 (9.8%) 0.00 196
    2023-08-01 $371,700 (13.6%) $507,186 (3.4%) 0.00 221
    2023-09-01 $366,995 (14.7%) $504,110 (3.3%) 0.00 246
    2023-10-01 $364,900 (12.3%) $494,321 (1.8%) 0.00 260
    2023-11-01 $357,200 (-0.8%) $476,780 (-5.6%) 0.00 278
    2023-12-01 $365,000 (4.3%) $495,594 (-6.3%) 0.00 268
    2024-01-01 $359,900 (2.3%) $485,605 (-7.1%) 0.00 245
    2024-02-01 $354,900 (0.6%) $465,516 (-10.2%) 0.00 259
    2024-03-01 $354,950 (0.0%) $475,101 (-4.5%) 0.00 250
    2024-04-01 $349,748 (-2.7%) $459,532 (-9.1%) 0.00 270
    2024-05-01 $347,175 (-3.5%) $483,346 (-4.1%) 0.00 306
    2024-06-01 $349,000 (-4.6%) $480,289 (-7.4%) 0.00 339
    2024-07-01 $329,450 (-13.3%) $455,028 (-15.3%) 0.00 385
    2024-08-01 $325,900 (-12.3%) $448,934 (-11.5%) 0.00 390
    2024-09-01 $315,475 (-14.0%) $430,895 (-14.5%) 0.00 423
    2024-10-01 $319,872 (-12.3%) $436,232 (-11.8%) 0.00 415
    Albertville's median listing price for 2024-10-01 was $319,872, a difference of $-45,028 (-12.3%) versus the prior year and $4,397 versus the prior month.

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

    Albertville's average listing price for 2024-10-01 was $436,232, a difference of $-58,089 (-11.8%) versus the prior year and $5,337 versus the prior month.

    For the 2024-10-01 period, Albertville had 415 MLS listings, a difference of -8 listings (-2%) versus the prior month and 155 listings (60%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Albertville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,077 sqft
    2018-02-01 0 days 2,046 sqft
    2018-03-01 0 days 2,100 sqft
    2018-04-01 0 days 2,115 sqft
    2018-05-01 0 days 2,100 sqft
    2018-06-01 0 days 2,169 sqft
    2018-07-01 0 days 2,068 sqft
    2018-08-01 0 days 2,152 sqft
    2018-09-01 0 days 2,189 sqft
    2018-10-01 0 days 2,200 sqft
    2018-11-01 0 days 2,287 sqft
    2018-12-01 0 days 2,298 sqft
    2019-01-01 0 days 2,213 sqft
    2019-02-01 0 days 2,262 sqft
    2019-03-01 0 days 2,293 sqft
    2019-04-01 0 days 2,293 sqft
    2019-05-01 0 days 2,332 sqft
    2019-06-01 0 days 2,374 sqft
    2019-07-01 0 days 2,381 sqft
    2019-08-01 0 days 2,364 sqft
    2019-09-01 0 days 2,367 sqft
    2019-10-01 0 days 2,360 sqft
    2019-11-01 0 days 2,290 sqft
    2019-12-01 0 days 2,255 sqft
    2020-01-01 0 days 2,185 sqft
    2020-02-01 0 days 2,180 sqft
    2020-03-01 0 days 2,274 sqft
    2020-04-01 0 days 2,239 sqft
    2020-05-01 0 days 2,209 sqft
    2020-06-01 0 days 2,154 sqft
    2020-07-01 0 days 2,194 sqft
    2020-08-01 0 days 2,297 sqft
    2020-09-01 0 days 2,281 sqft
    2020-10-01 0 days 2,290 sqft
    2020-11-01 0 days 2,236 sqft
    2020-12-01 0 days 2,173 sqft
    2021-01-01 0 days 2,164 sqft
    2021-02-01 0 days 2,140 sqft
    2021-03-01 0 days 2,174 sqft
    2021-04-01 0 days 2,359 sqft
    2021-05-01 0 days 2,246 sqft
    2021-06-01 0 days 2,351 sqft
    2021-07-01 0 days 2,290 sqft
    2021-08-01 0 days 2,279 sqft
    2021-09-01 0 days 2,178 sqft
    2021-10-01 0 days 2,031 sqft
    2021-11-01 0 days 2,200 sqft
    2021-12-01 0 days 2,049 sqft
    2022-01-01 0 days 2,070 sqft
    2022-02-01 0 days 2,103 sqft
    2022-03-01 0 days 2,148 sqft
    2022-04-01 0 days 2,250 sqft
    2022-05-01 0 days 2,224 sqft
    2022-06-01 0 days 2,217 sqft
    2022-07-01 0 days 2,198 sqft
    2022-08-01 0 days 2,187 sqft
    2022-09-01 0 days 2,217 sqft
    2022-10-01 0 days 2,298 sqft
    2022-11-01 0 days 2,265 sqft
    2022-12-01 0 days 2,241 sqft
    2023-01-01 0 days 2,294 sqft
    2023-02-01 0 days 2,214 sqft
    2023-03-01 0 days 2,200 sqft
    2023-04-01 0 days 2,200 sqft
    2023-05-01 0 days 2,214 sqft
    2023-06-01 0 days 2,213 sqft
    2023-07-01 0 days 2,190 sqft
    2023-08-01 0 days 2,200 sqft
    2023-09-01 0 days 2,200 sqft
    2023-10-01 0 days 2,224 sqft
    2023-11-01 0 days 2,161 sqft
    2023-12-01 0 days 2,172 sqft
    2024-01-01 0 days 2,177 sqft
    2024-02-01 0 days 2,103 sqft
    2024-03-01 0 days 2,056 sqft
    2024-04-01 0 days 2,003 sqft
    2024-05-01 0 days 1,996 sqft
    2024-06-01 0 days 1,990 sqft
    2024-07-01 0 days 1,971 sqft
    2024-08-01 0 days 1,948 sqft
    2024-09-01 0 days 1,950 sqft
    2024-10-01 0 days 1,942 sqft
    Albertville's median listing age (time on market) for 2024-10-01 was 0 days.

    Albertville's median square footage for active listings during the 2024-10-01 period was 1,942 sqft. One year prior, the average listing was 2,224 sqft.