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 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
0.08%
for the week of 2024-11-15, compared to the national average (all USDA variants) of
0% for the same period.
Athens's average USDA mortgage closing costs are $5,491.
The average rate for the prior week (2024-11-08) was
6.14% and
one month ago for the week of 2024-10-11, the
average rate was 6%.
The average rate one year ago was 7.03%.
For refis of the same type during the week of 2024-11-15, the average rate
was 0.56%.
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 |
| 2024-04-01 | $480,000 (20.0%) | $597,845 (11.7%) | 1.12 | 482 |
| 2024-05-01 | $498,000 (22.3%) | $625,089 (15.2%) | 1.13 | 486 |
| 2024-06-01 | $475,000 (12.3%) | $623,081 (12.0%) | 1.07 | 518 |
| 2024-07-01 | $459,000 (8.4%) | $602,922 (5.1%) | 1.05 | 593 |
| 2024-08-01 | $427,000 (-1.9%) | $585,910 (-0.3%) | 0.99 | 609 |
| 2024-09-01 | $429,975 (-4.4%) | $590,868 (1.0%) | 1.01 | 621 |
| 2024-10-01 | $449,750 (-2.4%) | $591,196 (3.1%) | 1.06 | 641 |
Athens's median listing price comes in at 106% of the national average.
Athens's average listing price for 2024-10-01 was $591,196, a difference of $17,908 (3.1%) versus the prior year and $328 versus the prior month.
For the 2024-10-01 period, Athens had 641 MLS listings, a difference of 20 listings (3%) versus the prior month and 201 listings (46%) 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 | 2,272 sqft |
| 2024-03-01 | 52 days | 2,369 sqft |
| 2024-04-01 | 52 days | 2,330 sqft |
| 2024-05-01 | 45 days | 2,251 sqft |
| 2024-06-01 | 50 days | 2,250 sqft |
| 2024-07-01 | 49 days | 2,226 sqft |
| 2024-08-01 | 58 days | 2,208 sqft |
| 2024-09-01 | 60 days | 2,222 sqft |
| 2024-10-01 | 61 days | 2,232 sqft |
Athens's median square footage for active listings during the 2024-10-01 period was 2,232 sqft. One year prior, the average listing was 2,360 sqft.