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
6.94%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Albertville's average USDA mortgage closing costs are $4,538.
The average rate for the prior week (2024-04-12) was
6.39% and
one month ago for the week of 2024-03-15, the
average rate was 6.58%.
The average rate one year ago was 6.01%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.65%.
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 |
Albertville's median listing price comes in at 0% of the national average.
Albertville's average listing price for 2024-03-01 was $475,101, a difference of $-22,416 (-4.5%) versus the prior year and $9,585 versus the prior month.
For the 2024-03-01 period, Albertville had 250 MLS listings, a difference of -9 listings (-3%) versus the prior month and 23 listings (10%) 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 | 2,168 sqft |
| 2024-02-01 | 0 days | 2,102 sqft |
| 2024-03-01 | 0 days | 2,056 sqft |
Albertville's median square footage for active listings during the 2024-03-01 period was 2,056 sqft. One year prior, the average listing was 2,200 sqft.