Athens USDA Loan Rates, Closing Costs & Stats

ATHENS-CLARKE COUNTY, GA

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    • 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 10 lenders originated 16 USDA loans during 2023. The total origination value was $3,940,000, with an average USDA loan value of $246,250.

    Athens USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Athens averaged 6.74% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Athens's average USDA mortgage closing costs are $5,491.

    The average rate for the prior week (2024-04-12) was 6.4% and one month ago for the week of 2024-03-15, the average rate was 6.28%.

    The average rate one year ago was 6.32%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.02%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Magnolia Bank 3 6.25% $7,292
    Renasant Bank 2 6.94% $9,523
    BANKSOUTH MORTGAGE COMPANY, LLC 2 5.63% $9,738
    UNITED WHOLESALE MORTGAGE, LLC 2 5.75% $8,963
    ACOPIA, LLC 1 6.63% $5,222
    Synovus Bank 1 5.75% $7,201
    GUARANTEED RATE, INC. 1 6.25% $9,135
    Cornerstone First Mortgage, Inc 1 7.13% $10,486
    CROSSCOUNTRY MORTGAGE, LLC 1 6.63% $10,030
    First Option Mortgage, LLC 1 7.25% $14,663

    The top Athens USDA lender as defined by loan originations is Magnolia Bank, with 3 USDA loans originated. Their average total fees are $7,292, which is $2,231 lower than the next largest lender, Renasant Bank.

    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 $269,900 (12.6%) $318,703 (11.9%) 1.00 583
    2018-02-01 $282,450 (11.6%) $324,792 (10.9%) 1.03 645
    2018-03-01 $285,000 (9.7%) $330,698 (12.6%) 1.00 691
    2018-04-01 $293,500 (12.9%) $349,023 (15.4%) 1.00 711
    2018-05-01 $294,600 (7.6%) $350,977 (14.2%) 0.98 723
    2018-06-01 $294,000 (6.3%) $353,520 (15.5%) 0.98 735
    2018-07-01 $284,900 (2.3%) $348,509 (11.7%) 0.95 742
    2018-08-01 $275,875 (0.3%) $341,649 (8.9%) 0.92 744
    2018-09-01 $275,000 (2.2%) $337,563 (9.6%) 0.92 775
    2018-10-01 $269,425 (-0.1%) $324,755 (4.2%) 0.91 771
    2018-11-01 $264,700 (-1.9%) $321,391 (3.3%) 0.90 749
    2018-12-01 $269,450 (-0.2%) $325,624 (2.9%) 0.93 696
    2019-01-01 $278,374 (3.1%) $331,882 (4.1%) 0.96 638
    2019-02-01 $289,450 (2.5%) $346,882 (6.8%) 0.98 690
    2019-03-01 $294,529 (3.3%) $354,208 (7.1%) 0.96 681
    2019-04-01 $306,200 (4.3%) $370,866 (6.3%) 0.97 661
    2019-05-01 $315,075 (7.0%) $376,603 (7.3%) 0.98 651
    2019-06-01 $309,000 (5.1%) $373,525 (5.7%) 0.97 665
    2019-07-01 $298,500 (4.8%) $368,382 (5.7%) 0.93 668
    2019-08-01 $295,909 (7.3%) $363,965 (6.5%) 0.94 648
    2019-09-01 $292,023 (6.2%) $360,844 (6.9%) 0.93 635
    2019-10-01 $291,182 (8.1%) $361,525 (11.3%) 0.94 618
    2019-11-01 $298,154 (12.6%) $377,867 (17.6%) 0.98 576
    2019-12-01 $288,875 (7.2%) $375,713 (15.4%) 0.96 558
    2020-01-01 $287,000 (3.1%) $381,826 (15.1%) 0.96 506
    2020-02-01 $309,950 (7.1%) $397,176 (14.5%) 1.01 509
    2020-03-01 $314,871 (6.9%) $406,368 (14.7%) 0.99 537
    2020-04-01 $320,115 (4.5%) $402,254 (8.5%) 1.00 556
    2020-05-01 $324,500 (3.0%) $407,465 (8.2%) 0.99 537
    2020-06-01 $327,900 (6.1%) $416,180 (11.4%) 0.97 499
    2020-07-01 $314,675 (5.4%) $404,156 (9.7%) 0.91 506
    2020-08-01 $299,950 (1.4%) $400,447 (10.0%) 0.86 499
    2020-09-01 $312,750 (7.1%) $399,032 (10.6%) 0.90 443
    2020-10-01 $315,490 (8.4%) $408,710 (13.1%) 0.90 397
    2020-11-01 $320,763 (7.6%) $412,131 (9.1%) 0.94 363
    2020-12-01 $322,663 (11.7%) $428,632 (14.1%) 0.96 326
    2021-01-01 $325,000 (13.2%) $432,831 (13.4%) 0.97 283
    2021-02-01 $344,829 (11.3%) $451,189 (13.6%) 1.00 250
    2021-03-01 $366,750 (16.5%) $449,826 (10.7%) 1.04 232
    2021-04-01 $371,700 (16.1%) $453,729 (12.8%) 1.01 243
    2021-05-01 $369,450 (13.9%) $469,137 (15.1%) 0.98 245
    2021-06-01 $359,975 (9.8%) $474,711 (14.1%) 0.95 296
    2021-07-01 $368,750 (17.2%) $474,014 (17.3%) 0.97 347
    2021-08-01 $349,900 (16.7%) $448,667 (12.0%) 0.93 339
    2021-09-01 $349,900 (11.9%) $447,954 (12.3%) 0.93 329
    2021-10-01 $339,850 (7.7%) $449,279 (9.9%) 0.91 309
    2021-11-01 $348,500 (8.7%) $480,346 (16.6%) 0.93 258
    2021-12-01 $349,725 (8.4%) $494,320 (15.3%) 0.95 208
    2022-01-01 $365,000 (12.3%) $518,308 (19.8%) 0.99 178
    2022-02-01 $374,950 (8.7%) $499,023 (10.6%) 0.98 184
    2022-03-01 $394,250 (7.5%) $513,171 (14.1%) 0.99 186
    2022-04-01 $382,450 (2.9%) $511,244 (12.7%) 0.91 214
    2022-05-01 $359,925 (-2.6%) $508,516 (8.4%) 0.82 252
    2022-06-01 $361,200 (0.3%) $512,704 (8.0%) 0.80 305
    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 (13.2%) 0.90 448
    2022-10-01 $392,500 (15.5%) $525,320 (16.9%) 0.92 430
    2022-11-01 $393,175 (12.8%) $533,482 (11.1%) 0.95 414
    2022-12-01 $399,999 (14.4%) $537,623 (8.8%) 0.99 408
    2023-01-01 $412,000 (12.9%) $550,548 (6.2%) 1.02 360
    2023-02-01 $399,925 (6.7%) $541,381 (8.5%) 0.97 360
    2023-03-01 $398,350 (1.0%) $546,712 (6.5%) 0.94 356
    2023-04-01 $399,900 (4.6%) $535,248 (4.7%) 0.93 349
    2023-05-01 $407,175 (13.1%) $542,752 (6.7%) 0.92 367
    2023-06-01 $422,946 (17.1%) $556,288 (8.5%) 0.95 435
    2023-07-01 $423,283 (10.3%) $573,924 (14.5%) 0.96 409
    2023-08-01 $435,440 (14.3%) $587,658 (16.0%) 1.00 411
    2023-09-01 $449,900 (16.6%) $585,012 (15.4%) 1.05 439
    2023-10-01 $461,000 (17.5%) $573,288 (9.1%) 1.08 440
    2023-11-01 $431,667 (9.8%) $562,076 (5.4%) 1.03 454
    2023-12-01 $467,000 (16.8%) $571,371 (6.3%) 1.14 435
    2024-01-01 $441,750 (7.2%) $543,134 (-1.4%) 1.08 428
    2024-02-01 $448,750 (12.2%) $548,985 (1.4%) 1.08 419
    2024-03-01 $475,000 (19.2%) $568,295 (4.0%) 1.12 466
    Athens's median listing price for 2024-03-01 was $475,000, a difference of $76,650 (19.2%) versus the prior year and $26,250 versus the prior month.

    Athens's median listing price comes in at 112% of the national average.

    Athens's average listing price for 2024-03-01 was $568,295, a difference of $21,583 (4.0%) versus the prior year and $19,310 versus the prior month.

    For the 2024-03-01 period, Athens had 466 MLS listings, a difference of 47 listings (11%) versus the prior month and 110 listings (31%) 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 2,386 sqft
    2018-02-01 59 days 2,463 sqft
    2018-03-01 40 days 2,444 sqft
    2018-04-01 52 days 2,449 sqft
    2018-05-01 54 days 2,408 sqft
    2018-06-01 53 days 2,400 sqft
    2018-07-01 59 days 2,371 sqft
    2018-08-01 63 days 2,314 sqft
    2018-09-01 64 days 2,290 sqft
    2018-10-01 74 days 2,254 sqft
    2018-11-01 80 days 2,235 sqft
    2018-12-01 88 days 2,274 sqft
    2019-01-01 92 days 2,307 sqft
    2019-02-01 69 days 2,384 sqft
    2019-03-01 59 days 2,462 sqft
    2019-04-01 61 days 2,571 sqft
    2019-05-01 58 days 2,560 sqft
    2019-06-01 59 days 2,564 sqft
    2019-07-01 63 days 2,539 sqft
    2019-08-01 66 days 2,500 sqft
    2019-09-01 70 days 2,477 sqft
    2019-10-01 72 days 2,459 sqft
    2019-11-01 75 days 2,413 sqft
    2019-12-01 90 days 2,407 sqft
    2020-01-01 84 days 2,412 sqft
    2020-02-01 54 days 2,473 sqft
    2020-03-01 54 days 2,458 sqft
    2020-04-01 60 days 2,390 sqft
    2020-05-01 66 days 2,402 sqft
    2020-06-01 63 days 2,395 sqft
    2020-07-01 51 days 2,373 sqft
    2020-08-01 50 days 2,324 sqft
    2020-09-01 56 days 2,287 sqft
    2020-10-01 61 days 2,220 sqft
    2020-11-01 62 days 2,228 sqft
    2020-12-01 68 days 2,220 sqft
    2021-01-01 64 days 2,200 sqft
    2021-02-01 59 days 2,218 sqft
    2021-03-01 43 days 2,245 sqft
    2021-04-01 32 days 2,245 sqft
    2021-05-01 36 days 2,114 sqft
    2021-06-01 35 days 2,111 sqft
    2021-07-01 37 days 2,064 sqft
    2021-08-01 41 days 1,966 sqft
    2021-09-01 46 days 2,023 sqft
    2021-10-01 53 days 1,958 sqft
    2021-11-01 56 days 2,086 sqft
    2021-12-01 59 days 1,966 sqft
    2022-01-01 43 days 2,150 sqft
    2022-02-01 35 days 2,104 sqft
    2022-03-01 32 days 2,122 sqft
    2022-04-01 28 days 2,100 sqft
    2022-05-01 29 days 2,121 sqft
    2022-06-01 30 days 2,136 sqft
    2022-07-01 32 days 2,200 sqft
    2022-08-01 45 days 2,099 sqft
    2022-09-01 52 days 2,177 sqft
    2022-10-01 55 days 2,221 sqft
    2022-11-01 65 days 2,205 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 2,240 sqft
    2023-05-01 41 days 2,239 sqft
    2023-06-01 37 days 2,305 sqft
    2023-07-01 50 days 2,314 sqft
    2023-08-01 53 days 2,336 sqft
    2023-09-01 57 days 2,343 sqft
    2023-10-01 61 days 2,360 sqft
    2023-11-01 59 days 2,270 sqft
    2023-12-01 59 days 2,300 sqft
    2024-01-01 60 days 2,253 sqft
    2024-02-01 57 days 2,267 sqft
    2024-03-01 52 days 2,366 sqft
    Athens's median listing age (time on market) for 2024-03-01 was 52 days. This is -1% shorter than the same period one year ago.

    Athens's median square footage for active listings during the 2024-03-01 period was 2,366 sqft. One year prior, the average listing was 2,245 sqft.