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%.

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 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 for 2022-12-01 was $399,900, a difference of $49,900 (14.3%) versus the prior year and $7,400 versus the prior month.

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 listing age (time on market) for 2022-12-01 was 79 days. This is 28% longer than the same period one year ago.

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.