Athens USDA Loan Rates, Closing Costs & Stats

ATHENS-CLARKE COUNTY, GA

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.

Athens's 15 lenders originated 29 USDA loans during 2022. The total origination value was $6,675,000, with an average USDA loan value of $230,172.

Athens USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Athens averaged 6.63% for the week of 2023-09-22, compared to the national average (all USDA variants) of 7.021% for the same period.

Athens's average USDA mortgage closing costs are $5,302.

The average rate for the prior week (2023-09-15) was 6.4% and one month ago for the week of 2023-08-18, the average rate was 6.5%.

The average rate one year ago was 5.72%.

For refis of the same type during the week of 2023-09-22, the average rate was 6.32%.

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

Athens 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 Athens level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
EVERETT FINANCIAL, INC. 4 4.78% $4,226
HOMESTAR FINANCIAL CORPORATION 3 4.75% $6,325
GUARANTEED RATE, INC. 3 4.77% $7,609
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 4.58% $6,620
GENEVA FINANCIAL, LLC 2 5.63% $10,176
Regions Bank 2 3.44% $7,913
Colony Bank 2 5.75% $6,289
Magnolia Bank 2 4.81% $9,162
UNITED WHOLESALE MORTGAGE, LLC 1 5.99% $9,485
BANKSOUTH MORTGAGE COMPANY, LLC 1 5.13% $7,781
Capital City Home Loans, LLC 1 5.38% $6,513
FBC MORTGAGE, LLC 1 4.99% $11,488
MOVEMENT MORTGAGE, LLC 1 5.25% $6,795
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.99% $16,415
Bank of England 1 6.13% $6,647

The top Athens USDA lender as defined by loan originations is EVERETT FINANCIAL, INC., with 4 USDA loans originated. Their average total fees are $4,226, which is $2,100 lower than the next largest lender, HOMESTAR FINANCIAL CORPORATION.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Athens (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 $270,425 (12.7%) $319,503 (12.1%) 1.00 587
2018-02-01 $282,475 (11.3%) $325,511 (11.2%) 1.03 649
2018-03-01 $286,950 (9.7%) $331,594 (12.9%) 1.01 693
2018-04-01 $293,925 (13.1%) $349,659 (15.6%) 1.00 712
2018-05-01 $294,850 (7.5%) $351,501 (14.4%) 0.98 723
2018-06-01 $294,500 (6.3%) $354,021 (15.7%) 0.98 735
2018-07-01 $284,925 (2.3%) $349,018 (11.9%) 0.95 742
2018-08-01 $276,500 (0.3%) $342,146 (9.0%) 0.93 744
2018-09-01 $276,000 (2.5%) $338,037 (9.8%) 0.93 775
2018-10-01 $272,425 (0.9%) $326,050 (4.3%) 0.92 775
2018-11-01 $266,000 (-1.4%) $322,466 (3.3%) 0.90 752
2018-12-01 $272,948 (1.1%) $327,118 (3.1%) 0.94 700
2019-01-01 $282,450 (4.5%) $333,540 (4.4%) 0.98 643
2019-02-01 $289,900 (2.6%) $348,048 (6.9%) 0.98 696
2019-03-01 $296,093 (3.2%) $354,919 (7.0%) 0.97 688
2019-04-01 $308,475 (5.0%) $371,683 (6.3%) 0.98 667
2019-05-01 $315,825 (7.1%) $376,832 (7.2%) 0.99 655
2019-06-01 $309,900 (5.2%) $373,629 (5.5%) 0.97 668
2019-07-01 $298,625 (4.8%) $368,369 (5.5%) 0.93 670
2019-08-01 $295,909 (7.0%) $363,801 (6.3%) 0.94 649
2019-09-01 $292,023 (5.8%) $360,676 (6.7%) 0.93 635
2019-10-01 $291,182 (6.9%) $361,440 (10.9%) 0.94 618
2019-11-01 $298,154 (12.1%) $377,867 (17.2%) 0.98 576
2019-12-01 $288,625 (5.7%) $375,314 (14.7%) 0.96 558
2020-01-01 $287,000 (1.6%) $380,924 (14.2%) 0.96 506
2020-02-01 $309,700 (6.8%) $396,242 (13.9%) 1.02 509
2020-03-01 $314,123 (6.1%) $406,081 (14.4%) 0.98 536
2020-04-01 $319,375 (3.5%) $401,954 (8.1%) 1.00 555
2020-05-01 $324,000 (2.6%) $407,164 (8.1%) 0.98 536
2020-06-01 $327,575 (5.7%) $415,880 (11.3%) 0.97 498
2020-07-01 $314,450 (5.3%) $403,842 (9.6%) 0.91 505
2020-08-01 $299,900 (1.4%) $400,122 (10.0%) 0.86 498
2020-09-01 $309,950 (6.1%) $398,206 (10.4%) 0.89 441
2020-10-01 $314,995 (8.2%) $407,331 (12.7%) 0.90 393
2020-11-01 $319,500 (7.2%) $410,946 (8.8%) 0.93 360
2020-12-01 $322,450 (11.7%) $427,723 (14.0%) 0.96 324
2021-01-01 $324,240 (13.0%) $432,554 (13.6%) 0.97 281
2021-02-01 $344,829 (11.3%) $451,189 (13.9%) 1.00 250
2021-03-01 $366,750 (16.8%) $449,826 (10.8%) 1.04 232
2021-04-01 $371,700 (16.4%) $453,729 (12.9%) 1.01 243
2021-05-01 $369,450 (14.0%) $469,137 (15.2%) 0.98 245
2021-06-01 $359,975 (9.9%) $474,711 (14.2%) 0.95 296
2021-07-01 $368,750 (17.3%) $474,014 (17.4%) 0.97 347
2021-08-01 $349,900 (16.7%) $448,667 (12.1%) 0.93 339
2021-09-01 $349,900 (12.9%) $448,735 (12.7%) 0.93 329
2021-10-01 $339,900 (7.9%) $450,094 (10.5%) 0.91 308
2021-11-01 $349,000 (9.2%) $481,441 (17.2%) 0.93 257
2021-12-01 $350,000 (8.5%) $495,732 (15.9%) 0.95 207
2022-01-01 $365,000 (12.6%) $518,308 (19.8%) 0.99 178
2022-02-01 $374,975 (8.7%) $499,372 (10.7%) 0.98 184
2022-03-01 $394,250 (7.5%) $513,171 (14.1%) 0.99 186
2022-04-01 $384,900 (3.6%) $511,014 (12.6%) 0.92 214
2022-05-01 $359,950 (-2.6%) $508,311 (8.4%) 0.82 253
2022-06-01 $359,975 (0.0%) $512,178 (7.9%) 0.80 306
2022-07-01 $383,900 (4.1%) $501,358 (5.8%) 0.86 404
2022-08-01 $380,925 (8.9%) $506,538 (12.9%) 0.88 440
2022-09-01 $385,800 (10.3%) $507,161 (13.0%) 0.90 448
2022-10-01 $392,500 (15.5%) $525,320 (16.7%) 0.92 430
2022-11-01 $393,175 (12.7%) $533,482 (10.8%) 0.95 414
2022-12-01 $399,999 (14.3%) $537,623 (8.5%) 0.99 408
2023-01-01 $413,450 (13.3%) $551,266 (6.4%) 1.03 358
2023-02-01 $399,925 (6.7%) $541,381 (8.4%) 0.97 360
2023-03-01 $398,350 (1.0%) $546,712 (6.5%) 0.94 356
2023-04-01 $399,900 (3.9%) $535,028 (4.7%) 0.93 353
2023-05-01 $406,448 (12.9%) $542,364 (6.7%) 0.92 369
2023-06-01 $423,368 (17.6%) $556,563 (8.7%) 0.95 436
2023-07-01 $423,283 (10.3%) $574,540 (14.6%) 0.96 409
2023-08-01 $435,440 (14.3%) $587,658 (16.0%) 1.00 411
Athens's median listing price for 2023-08-01 was $435,440, a difference of $54,515 (14.3%) versus the prior year and $12,157 versus the prior month.

Athens's median listing price comes in at 100% of the national average.

Athens's average listing price for 2023-08-01 was $587,658, a difference of $81,120 (16.0%) versus the prior year and $13,118 versus the prior month.

For the 2023-08-01 period, Athens had 411 MLS listings, a difference of 2 listings (0%) versus the prior month and -29 listings (-7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Athens (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 90 days 2,392 sqft
2018-02-01 60 days 2,474 sqft
2018-03-01 40 days 2,444 sqft
2018-04-01 52 days 2,455 sqft
2018-05-01 54 days 2,410 sqft
2018-06-01 53 days 2,400 sqft
2018-07-01 59 days 2,378 sqft
2018-08-01 63 days 2,315 sqft
2018-09-01 64 days 2,300 sqft
2018-10-01 74 days 2,267 sqft
2018-11-01 79 days 2,242 sqft
2018-12-01 88 days 2,280 sqft
2019-01-01 93 days 2,328 sqft
2019-02-01 70 days 2,395 sqft
2019-03-01 59 days 2,464 sqft
2019-04-01 61 days 2,578 sqft
2019-05-01 58 days 2,566 sqft
2019-06-01 59 days 2,574 sqft
2019-07-01 63 days 2,535 sqft
2019-08-01 66 days 2,499 sqft
2019-09-01 69 days 2,477 sqft
2019-10-01 72 days 2,462 sqft
2019-11-01 75 days 2,446 sqft
2019-12-01 90 days 2,410 sqft
2020-01-01 84 days 2,409 sqft
2020-02-01 54 days 2,464 sqft
2020-03-01 54 days 2,462 sqft
2020-04-01 60 days 2,385 sqft
2020-05-01 66 days 2,405 sqft
2020-06-01 63 days 2,398 sqft
2020-07-01 51 days 2,373 sqft
2020-08-01 50 days 2,300 sqft
2020-09-01 56 days 2,262 sqft
2020-10-01 61 days 2,220 sqft
2020-11-01 62 days 2,217 sqft
2020-12-01 67 days 2,198 sqft
2021-01-01 64 days 2,189 sqft
2021-02-01 59 days 2,223 sqft
2021-03-01 43 days 2,248 sqft
2021-04-01 32 days 2,216 sqft
2021-05-01 36 days 2,099 sqft
2021-06-01 35 days 2,091 sqft
2021-07-01 37 days 2,052 sqft
2021-08-01 41 days 1,949 sqft
2021-09-01 46 days 2,019 sqft
2021-10-01 53 days 1,938 sqft
2021-11-01 55 days 2,076 sqft
2021-12-01 59 days 1,953 sqft
2022-01-01 43 days 2,150 sqft
2022-02-01 35 days 2,109 sqft
2022-03-01 32 days 2,124 sqft
2022-04-01 28 days 2,108 sqft
2022-05-01 29 days 2,119 sqft
2022-06-01 30 days 2,143 sqft
2022-07-01 32 days 2,200 sqft
2022-08-01 45 days 2,112 sqft
2022-09-01 52 days 2,181 sqft
2022-10-01 55 days 2,218 sqft
2022-11-01 65 days 2,200 sqft
2022-12-01 78 days 2,218 sqft
2023-01-01 77 days 2,250 sqft
2023-02-01 70 days 2,250 sqft
2023-03-01 53 days 2,245 sqft
2023-04-01 40 days 2,238 sqft
2023-05-01 41 days 2,240 sqft
2023-06-01 37 days 2,310 sqft
2023-07-01 50 days 2,314 sqft
2023-08-01 53 days 2,331 sqft
Athens's median listing age (time on market) for 2023-08-01 was 53 days. This is 17% longer than the same period one year ago.

Athens's median square footage for active listings during the 2023-08-01 period was 2,331 sqft. One year prior, the average listing was 2,112 sqft.