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 21 lenders originated 70 USDA loans during 2021. The total origination value was $14,590,000, with an average USDA loan value of $208,429.
Athens USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Athens
averaged
6.02%
for the week of 2023-01-27, compared to the national average (all USDA variants) of
6.195% for the same period.
Athens's average USDA mortgage closing costs are $5,080.
The average rate for the prior week (2023-01-20) was
6.21% and
one month ago for the week of 2022-12-23, the
average rate was 6.54%.
The average rate one year ago was 3.89%.
For refis of the same type during the week of 2023-01-27, the average rate
was 5.93%.
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 | 2021 Avg. 30yFix Rate | 2021 Avg. Closing Costs |
|---|---|---|---|
| HOMESTAR FINANCIAL CORPORATION | 13 | 3.13% | $4,187 |
| BANKSOUTH MORTGAGE COMPANY, LLC | 9 | 2.96% | $5,972 |
| Magnolia Bank | 9 | 2.67% | $7,399 |
| MOVEMENT MORTGAGE, LLC | 5 | 2.98% | $4,494 |
| ACOPIA, LLC | 4 | 2.66% | $5,860 |
| Equity Prime Mortgage LLC | 4 | 3.34% | $7,078 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 2.91% | $7,531 |
| Regions Bank | 2 | 3.25% | $5,477 |
| South State Bank | 2 | 2.75% | $3,240 |
| CALIBER HOME LOANS, INC. | 2 | 3.06% | $4,799 |
| Capital City Home Loans, LLC | 2 | 2.94% | $5,391 |
| AMERICAN FINANCIAL NETWORK, INC. | 1 | 2.75% | $10,691 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 3.13% | $7,536 |
| STOCKTON MORTGAGE CORPORATION | 1 | 3.63% | $5,269 |
| Synovus Bank | 1 | 2.75% | $9,736 |
| EVERETT FINANCIAL, INC. | 1 | 3.38% | $4,255 |
| US MORTGAGE CORPORATION | 1 | 2.50% | $4,054 |
| GUARANTEED RATE, INC. | 1 | 3.00% | $5,783 |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | 1 | 3.00% | $7,229 |
| LAKEVIEW LOAN SERVICING, LLC | 1 | 3.38% | $3,340 |
| LOANDEPOT.COM, LLC | 1 | 2.88% | $7,925 |
The top Athens USDA lender as defined by loan originations is HOMESTAR FINANCIAL CORPORATION, with
13 USDA loans originated. Their average total fees are
$4,187, which is $1,785
lower than the next largest lender,
BANKSOUTH MORTGAGE COMPANY, LLC.
The lowest fee Athens USDA lenders (with over 10 loans originated) are
HOMESTAR FINANCIAL CORPORATION ($4,187), .
The lowest rate Athens USDA lenders (with over 10 loans originated) are
HOMESTAR FINANCIAL CORPORATION (3.13%), .
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 (12.8%) | $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 | $296,114 (3.2%) | $355,054 (7.1%) | 0.97 | 688 |
| 2019-04-01 | $308,500 (5.0%) | $371,844 (6.3%) | 0.98 | 668 |
| 2019-05-01 | $316,450 (7.3%) | $376,837 (7.2%) | 0.99 | 656 |
| 2019-06-01 | $309,900 (5.2%) | $373,646 (5.5%) | 0.97 | 670 |
| 2019-07-01 | $298,625 (4.8%) | $368,138 (5.5%) | 0.93 | 672 |
| 2019-08-01 | $295,909 (7.0%) | $363,569 (6.3%) | 0.94 | 651 |
| 2019-09-01 | $292,023 (5.8%) | $360,447 (6.6%) | 0.93 | 637 |
| 2019-10-01 | $291,182 (6.9%) | $361,202 (10.8%) | 0.94 | 620 |
| 2019-11-01 | $298,154 (12.1%) | $377,572 (17.1%) | 0.98 | 578 |
| 2019-12-01 | $288,625 (5.7%) | $375,017 (14.6%) | 0.96 | 560 |
| 2020-01-01 | $287,000 (1.6%) | $380,563 (14.1%) | 0.96 | 508 |
| 2020-02-01 | $309,700 (6.8%) | $395,821 (13.7%) | 1.01 | 511 |
| 2020-03-01 | $314,123 (6.1%) | $405,679 (14.3%) | 0.98 | 538 |
| 2020-04-01 | $319,375 (3.5%) | $401,558 (8.0%) | 1.00 | 557 |
| 2020-05-01 | $324,000 (2.4%) | $406,735 (7.9%) | 0.98 | 538 |
| 2020-06-01 | $327,575 (5.7%) | $415,398 (11.2%) | 0.96 | 500 |
| 2020-07-01 | $314,450 (5.3%) | $403,415 (9.6%) | 0.91 | 507 |
| 2020-08-01 | $299,900 (1.4%) | $399,704 (9.9%) | 0.86 | 500 |
| 2020-09-01 | $309,950 (6.1%) | $397,738 (10.4%) | 0.89 | 443 |
| 2020-10-01 | $314,995 (8.2%) | $406,757 (12.6%) | 0.90 | 395 |
| 2020-11-01 | $319,500 (7.2%) | $410,328 (8.7%) | 0.93 | 362 |
| 2020-12-01 | $322,450 (11.7%) | $426,956 (13.9%) | 0.96 | 326 |
| 2021-01-01 | $324,240 (13.0%) | $431,632 (13.4%) | 0.97 | 283 |
| 2021-02-01 | $344,829 (11.3%) | $450,028 (13.7%) | 1.00 | 252 |
| 2021-03-01 | $366,750 (16.8%) | $448,560 (10.6%) | 1.04 | 234 |
| 2021-04-01 | $371,700 (16.4%) | $452,584 (12.7%) | 1.01 | 245 |
| 2021-05-01 | $369,450 (14.0%) | $467,890 (15.0%) | 0.98 | 247 |
| 2021-06-01 | $359,975 (9.9%) | $473,682 (14.0%) | 0.95 | 298 |
| 2021-07-01 | $368,750 (17.3%) | $472,987 (17.3%) | 0.97 | 349 |
| 2021-08-01 | $349,900 (16.7%) | $447,814 (12.0%) | 0.93 | 341 |
| 2021-09-01 | $349,900 (12.9%) | $447,862 (12.6%) | 0.93 | 331 |
| 2021-10-01 | $339,900 (7.9%) | $449,181 (10.4%) | 0.91 | 310 |
| 2021-11-01 | $349,000 (9.2%) | $480,121 (17.0%) | 0.93 | 259 |
| 2021-12-01 | $350,000 (8.5%) | $493,985 (15.7%) | 0.95 | 209 |
| 2022-01-01 | $365,000 (12.6%) | $516,243 (19.6%) | 0.99 | 180 |
| 2022-02-01 | $374,975 (8.7%) | $497,388 (10.5%) | 0.98 | 186 |
| 2022-03-01 | $390,950 (6.6%) | $511,168 (14.0%) | 0.98 | 188 |
| 2022-04-01 | $384,900 (3.6%) | $509,343 (12.5%) | 0.92 | 216 |
| 2022-05-01 | $359,950 (-2.6%) | $506,778 (8.3%) | 0.82 | 255 |
| 2022-06-01 | $359,975 (0.0%) | $510,869 (7.9%) | 0.80 | 308 |
| 2022-07-01 | $383,900 (4.1%) | $500,347 (5.8%) | 0.87 | 406 |
| 2022-08-01 | $380,925 (8.9%) | $505,934 (13.0%) | 0.88 | 442 |
| 2022-09-01 | $383,875 (9.7%) | $506,241 (13.0%) | 0.90 | 450 |
| 2022-10-01 | $390,000 (14.7%) | $524,226 (16.7%) | 0.92 | 432 |
| 2022-11-01 | $392,500 (12.5%) | $532,358 (10.9%) | 0.94 | 416 |
| 2022-12-01 | $399,900 (14.3%) | $536,421 (8.6%) | 1.00 | 410 |
Athens's median listing price comes in at 100% of the national average.
Athens's average listing price for 2022-12-01 was $536,421, a difference of $42,436 (8.6%) versus the prior year and $4,063 versus the prior month.
For the 2022-12-01 period, Athens had 410 MLS listings, a difference of -6 listings (-1%) versus the prior month and 201 listings (96%) 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 | 95 days | 2,403 sqft |
| 2018-02-01 | 69 days | 2,482 sqft |
| 2018-03-01 | 45 days | 2,450 sqft |
| 2018-04-01 | 57 days | 2,459 sqft |
| 2018-05-01 | 58 days | 2,409 sqft |
| 2018-06-01 | 57 days | 2,400 sqft |
| 2018-07-01 | 64 days | 2,378 sqft |
| 2018-08-01 | 67 days | 2,314 sqft |
| 2018-09-01 | 71 days | 2,309 sqft |
| 2018-10-01 | 80 days | 2,280 sqft |
| 2018-11-01 | 86 days | 2,266 sqft |
| 2018-12-01 | 95 days | 2,288 sqft |
| 2019-01-01 | 101 days | 2,336 sqft |
| 2019-02-01 | 81 days | 2,393 sqft |
| 2019-03-01 | 70 days | 2,452 sqft |
| 2019-04-01 | 67 days | 2,578 sqft |
| 2019-05-01 | 63 days | 2,560 sqft |
| 2019-06-01 | 64 days | 2,572 sqft |
| 2019-07-01 | 67 days | 2,540 sqft |
| 2019-08-01 | 69 days | 2,487 sqft |
| 2019-09-01 | 72 days | 2,471 sqft |
| 2019-10-01 | 75 days | 2,461 sqft |
| 2019-11-01 | 84 days | 2,451 sqft |
| 2019-12-01 | 96 days | 2,422 sqft |
| 2020-01-01 | 87 days | 2,409 sqft |
| 2020-02-01 | 58 days | 2,471 sqft |
| 2020-03-01 | 57 days | 2,466 sqft |
| 2020-04-01 | 62 days | 2,393 sqft |
| 2020-05-01 | 68 days | 2,406 sqft |
| 2020-06-01 | 68 days | 2,396 sqft |
| 2020-07-01 | 56 days | 2,370 sqft |
| 2020-08-01 | 52 days | 2,338 sqft |
| 2020-09-01 | 59 days | 2,257 sqft |
| 2020-10-01 | 66 days | 2,220 sqft |
| 2020-11-01 | 67 days | 2,223 sqft |
| 2020-12-01 | 70 days | 2,187 sqft |
| 2021-01-01 | 66 days | 2,188 sqft |
| 2021-02-01 | 64 days | 2,222 sqft |
| 2021-03-01 | 44 days | 2,241 sqft |
| 2021-04-01 | 33 days | 2,213 sqft |
| 2021-05-01 | 37 days | 2,106 sqft |
| 2021-06-01 | 36 days | 2,111 sqft |
| 2021-07-01 | 38 days | 2,075 sqft |
| 2021-08-01 | 43 days | 1,954 sqft |
| 2021-09-01 | 47 days | 2,018 sqft |
| 2021-10-01 | 53 days | 1,980 sqft |
| 2021-11-01 | 57 days | 2,086 sqft |
| 2021-12-01 | 62 days | 1,957 sqft |
| 2022-01-01 | 44 days | 2,155 sqft |
| 2022-02-01 | 36 days | 2,112 sqft |
| 2022-03-01 | 32 days | 2,144 sqft |
| 2022-04-01 | 29 days | 2,108 sqft |
| 2022-05-01 | 30 days | 2,121 sqft |
| 2022-06-01 | 30 days | 2,135 sqft |
| 2022-07-01 | 33 days | 2,200 sqft |
| 2022-08-01 | 46 days | 2,097 sqft |
| 2022-09-01 | 52 days | 2,178 sqft |
| 2022-10-01 | 57 days | 2,209 sqft |
| 2022-11-01 | 66 days | 2,200 sqft |
| 2022-12-01 | 79 days | 2,218 sqft |
Athens's median square footage for active listings during the 2022-12-01 period was 2,218 sqft. One year prior, the average listing was 1,957 sqft.