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%.
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 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 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.