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 -0.02% for the week of 2024-11-29, 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 (2024-11-22) was 6.28% and one month ago for the week of 2024-10-25, the average rate was 6.18%.

The average rate one year ago was 7.08%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.01%.

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.