Atlanta USDA Loan Rates, Closing Costs & Stats

ATLANTA-SANDY SPRINGS-ALPHARETTA, 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.

Atlanta's 126 lenders originated 1,269 USDA loans during 2021. The total origination value was $274,015,000, with an average USDA loan value of $215,930.

Atlanta USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Atlanta averaged 6.58% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Atlanta's average USDA mortgage closing costs are $4,957.

The average rate for the prior week (2022-11-25) was 6.51% and one month ago for the week of 2022-10-28, the average rate was 6.88%.

The average rate one year ago was 3.48%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.03%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Atlanta 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 Atlanta level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
HOMESTAR FINANCIAL CORPORATION 217 3.04% $4,614
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 47 3.13% $6,008
BROKER SOLUTIONS, INC. 44 3.23% $6,043
SWBC MORTGAGE CORPORATION 44 2.86% $4,215
VANDERBILT MORTGAGE AND FINANCE, INC. 43 2.94% $5,885
Ameris Bank 41 2.91% $5,805
Magnolia Bank 40 2.84% $5,100
PRIMARY RESIDENTIAL MORTGAGE, INC. 30 3.15% $7,329
SOUTHEAST MORTGAGE OF GEORGIA, INC. 27 2.99% $7,650
MOVEMENT MORTGAGE, LLC 27 3.02% $5,978
BANKSOUTH MORTGAGE COMPANY, LLC 27 2.72% $7,072
VAN DYK MORTGAGE CORPORATION 26 3.24% $3,892
FIRST COMMUNITY MORTGAGE, INC. 25 2.96% $4,882
HOME POINT FINANCIAL CORPORATION 24 2.98% $7,391
HOMEBRIDGE FINANCIAL SERVICES, INC. 23 3.08% $7,517
ACOPIA, LLC 23 2.97% $6,091
PENNYMAC LOAN SERVICES, LLC 22 2.80% $6,177
Prosperity Home Mortgage, LLC 19 2.88% $5,952
Capital City Home Loans, LLC 18 2.56% $5,870
THE MORTGAGE FIRM, INC. 17 3.12% $6,145
HOMEOWNERS FINANCIAL GROUP USA, LLC 15 3.06% $6,636
Equity Prime Mortgage LLC 15 3.19% $7,030
United Community Bank 14 2.65% $5,425
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 14 2.87% $6,217
FBC MORTGAGE, LLC 14 2.86% $6,298
CALIBER HOME LOANS, INC. 13 2.86% $6,195
NEWREZ LLC 13 2.67% $6,786
Synovus Bank 13 2.55% $8,360
INSPIRE HOME LOANS INC. 12 3.28% $6,121
GUARANTEED RATE, INC. 12 3.01% $6,411
SOUTHPOINT FINANCIAL SERVICES, INC. 11 2.94% $4,347
Alcova Mortgage LLC 11 2.81% $4,444
CROSSCOUNTRY MORTGAGE, LLC 10 3.21% $5,738
SECURITYNATIONAL MORTGAGE COMPANY 10 3.04% $5,824
CERTAINTY HOME LOANS, LLC 10 3.01% $5,803
South State Bank 9 2.90% $6,553
CMG MORTGAGE, INC. 9 3.08% $6,079
LENDUS, LLC 9 2.74% $6,092
Paramount Residential Mortgage Group, Inc. 8 2.91% $6,263
Renasant Bank 8 2.92% $5,738
SUCCESS MORTGAGE PARTNERS, INC. 8 3.09% $6,897
DAS Acquisition Company, LLC 8 2.92% $6,116
STEARNS LENDING, LLC 8 2.58% $8,298
Flagstar Bank, FSB 8 2.73% $5,655
DHI MORTGAGE COMPANY, LTD. 8 2.59% $4,889
LOANDEPOT.COM, LLC 7 3.16% $6,417
DIRECT LENDERS, LLC 7 3.23% $3,321
Goldwater Bank, N.A. 6 2.92% $5,394
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 3.06% $6,416
Bank of England 6 2.92% $6,223
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 6 3.58% $6,573
Colten Mortgage, LLC 5 2.83% $7,270
STOCKTON MORTGAGE CORPORATION 5 2.60% $6,732
GUILD MORTGAGE COMPANY 5 3.30% $8,769
AMERICAN FINANCIAL NETWORK, INC. 5 3.15% $9,066
SIGNATURE MORTGAGE CORPORATION 4 2.91% $5,604
UNION HOME MORTGAGE CORP. 4 2.75% $5,247
BAY EQUITY LLC 4 3.13% $7,335
ANGEL OAK HOME LOANS LLC 4 3.03% $5,695
Regions Bank 4 2.97% $5,080
First Option Mortgage, LLC 3 3.08% $7,173
Carrington Mortgage Services, LLC 3 2.67% $6,067
GENEVA FINANCIAL, LLC 3 3.21% $7,158
GMFS LLC 3 3.08% $5,120
KELLER MORTGAGE, LLC 3 2.96% $4,393
MILEND, INC. 3 3.00% $5,811
Sierra Pacific Mortgage Company, Inc. 3 2.75% $5,769
United Bank 3 2.79% $6,641
US MORTGAGE CORPORATION 3 2.79% $4,989
DRAPER AND KRAMER MORTGAGE CORP. 2 2.50% $5,727
First Horizon Bank 2 2.94% $5,859
CRESCENT MORTGAGE COMPANY 2 3.06% $5,599
COMMUNITY MORTGAGE CORPORATION 2 2.88% $5,586
MICHIGAN MUTUAL, INC. 2 2.44% $5,273
FREEDOM MORTGAGE CORPORATION 2 2.94% $5,406
PLAZA HOME MORTGAGE, INC. 2 3.06% $8,796
Century Mortgage Company DBA Century Lending Company 2 2.81% $5,407
CALCON MUTUAL MORTGAGE LLC 2 2.75% $10,847
MID AMERICA MORTGAGE, INC. 2 2.81% $3,661
TJC Mortgage, Inc. 2 3.38% $5,089
First Federal Bank 2 3.06% $6,991
FirstBank 2 2.75% $6,564
RADIUS FINANCIAL GROUP INC. 2 2.50% $5,572
Nations Lending Corporation 2 3.13% $4,525
VICTORY MORTGAGE, L.L.C. 2 2.50% $5,444
1ST PREFERENCE MORTGAGE CORP. 2 3.38% $5,899
UNITED WHOLESALE MORTGAGE, LLC 2 2.95% $6,972
Northpointe Bank 2 2.88% $5,992
HOMESPIRE MORTGAGE CORPORATION 2 3.38% $4,638
HOMESIDE FINANCIAL, LLC 2 2.81% $4,404
EVERETT FINANCIAL, INC. 2 3.81% $5,619
LIBERTY HOME MORTGAGE CORPORATION 2 2.56% $7,760
LAKEVIEW LOAN SERVICING, LLC 2 2.88% $3,560
Towne Bank 1 2.75% $5,770
TOWNE MORTGAGE COMPANY 1 3.13% $4,255
Truist 1 3.00% $5,707
BAYSHORE MORTGAGE FUNDING, LLC 1 3.63% $6,678
Atlantic Union Bank 1 2.88% $8,057
Wells Fargo Bank 1 3.50% $1,853
Hometown Equity Mortgage, LLC 1 3.13% $11,463
HANCOCK MORTGAGE PARTNERS, LLC 1 3.25% $8,014
Amerifirst Financial, Inc. 1 3.13% $1,578
ITHINK FINANCIAL Credit Union 1 2.63% $2,544
GUARANTY HOME MORTGAGE CORPORATION 1 2.75% $5,286
GUARANTEED RATE AFFINITY, LLC 1 2.88% $6,822
Loan Simple, Inc. 1 3.00% $5,623
Gateway First Bank 1 3.00% $5,020
AMERIFIRST FINANCIAL CORPORATION 1 3.88% $6,013
MORTGAGE INVESTORS GROUP, INC. 1 2.75% $6,122
Mortgage Research Center, LLC 1 2.88% $2,750
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.38% $6,362
OCEANSIDE MORTGAGE COMPANY 1 3.00% $2,130
ON Q FINANCIAL, INC. 1 2.25% $8,874
First Home Bank 1 3.63% $5,000
PLANET HOME LENDING, LLC 1 2.75% $4,085
First Guaranty Mortgage Corporation 1 3.13% $7,878
FIDELITY BANK 1 2.75% $4,307
Evolve Bank & Trust 1 3.00% $5,825
Republic Bank & Trust Company 1 2.63% $5,509
Victorian Finance, LLC 1 2.50% $5,561
EVANSVILLE TEACHERS 1 2.38% $6,423
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 2.88% $8,626
Citizens Bank 1 3.25% $7,630
CHURCHILL MORTGAGE CORPORATION 1 2.75% $4,893
SUMMIT FUNDING, INC. 1 3.50% $7,408
Blue Ridge Bank 1 3.00% $4,484

The top Atlanta USDA lender as defined by loan originations is HOMESTAR FINANCIAL CORPORATION, with 217 USDA loans originated. Their average total fees are $4,614, which is $1,394 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Atlanta USDA lenders (with over 10 loans originated) are VAN DYK MORTGAGE CORPORATION ($3,892), SWBC MORTGAGE CORPORATION ($4,215), SOUTHPOINT FINANCIAL SERVICES, INC. ($4,347), Alcova Mortgage LLC ($4,444) and HOMESTAR FINANCIAL CORPORATION ($4,614).

The lowest rate Atlanta USDA lenders (with over 10 loans originated) are Synovus Bank (2.55%), Capital City Home Loans, LLC (2.56%), United Community Bank (2.65%), NEWREZ LLC (2.67%) and BANKSOUTH MORTGAGE COMPANY, LLC (2.72%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Atlanta (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 $302,500 (12.3%) $421,170 (8.5%) 1.12 21,597
2018-02-01 $311,900 (13.2%) $430,938 (7.8%) 1.13 21,000
2018-03-01 $324,745 (14.5%) $443,014 (7.2%) 1.14 21,478
2018-04-01 $336,891 (12.9%) $460,516 (8.8%) 1.14 22,029
2018-05-01 $339,450 (13.2%) $460,855 (8.3%) 1.13 22,852
2018-06-01 $339,900 (13.3%) $458,921 (8.6%) 1.13 23,825
2018-07-01 $329,763 (10.5%) $443,391 (7.3%) 1.10 25,497
2018-08-01 $325,000 (10.2%) $442,632 (7.7%) 1.09 25,887
2018-09-01 $324,345 (9.6%) $432,388 (5.8%) 1.09 26,313
2018-10-01 $315,750 (6.3%) $430,072 (4.4%) 1.07 28,366
2018-11-01 $315,350 (5.6%) $434,382 (5.1%) 1.07 28,035
2018-12-01 $313,491 (4.5%) $432,009 (4.1%) 1.08 27,137
2019-01-01 $309,900 (2.5%) $428,601 (1.8%) 1.07 25,489
2019-02-01 $319,450 (2.4%) $440,012 (2.1%) 1.08 25,223
2019-03-01 $322,143 (-0.8%) $440,937 (-0.5%) 1.05 26,424
2019-04-01 $325,000 (-3.5%) $438,116 (-4.9%) 1.03 28,337
2019-05-01 $329,900 (-2.8%) $441,563 (-4.2%) 1.03 29,154
2019-06-01 $325,000 (-4.4%) $437,744 (-4.6%) 1.02 29,673
2019-07-01 $324,945 (-1.5%) $432,652 (-2.4%) 1.02 30,477
2019-08-01 $320,182 (-1.5%) $423,075 (-4.4%) 1.01 30,571
2019-09-01 $314,455 (-3.1%) $416,908 (-3.6%) 1.01 30,308
2019-10-01 $317,636 (0.6%) $422,425 (-1.8%) 1.02 28,728
2019-11-01 $322,000 (2.1%) $431,664 (-0.6%) 1.06 26,205
2019-12-01 $317,706 (1.3%) $429,944 (-0.5%) 1.06 24,429
2020-01-01 $316,668 (2.2%) $429,381 (0.2%) 1.06 22,496
2020-02-01 $320,000 (0.2%) $437,929 (-0.5%) 1.05 21,572
2020-03-01 $329,423 (2.3%) $446,748 (1.3%) 1.03 21,626
2020-04-01 $325,000 (0.0%) $438,435 (0.1%) 1.02 23,535
2020-05-01 $334,900 (1.5%) $451,524 (2.3%) 1.02 23,202
2020-06-01 $345,375 (6.3%) $467,182 (6.7%) 1.02 21,068
2020-07-01 $349,950 (7.7%) $481,508 (11.3%) 1.01 18,968
2020-08-01 $350,000 (9.3%) $486,132 (14.9%) 1.00 17,633
2020-09-01 $350,415 (11.4%) $491,842 (18.0%) 1.00 16,347
2020-10-01 $353,900 (11.4%) $498,227 (17.9%) 1.01 15,943
2020-11-01 $350,363 (8.8%) $502,850 (16.5%) 1.02 14,534
2020-12-01 $349,950 (10.2%) $500,012 (16.3%) 1.04 12,977
2021-01-01 $350,000 (10.5%) $508,290 (18.4%) 1.04 11,249
2021-02-01 $359,900 (12.5%) $525,416 (20.0%) 1.05 9,524
2021-03-01 $365,683 (11.0%) $533,345 (19.4%) 1.04 9,083
2021-04-01 $382,450 (17.7%) $548,092 (25.0%) 1.04 9,067
2021-05-01 $389,000 (16.2%) $563,598 (24.8%) 1.03 9,213
2021-06-01 $392,206 (13.6%) $556,102 (19.0%) 1.03 10,046
2021-07-01 $399,000 (14.0%) $562,644 (16.9%) 1.05 11,354
2021-08-01 $395,000 (12.9%) $551,370 (13.4%) 1.05 11,726
2021-09-01 $395,584 (12.9%) $551,809 (12.2%) 1.05 11,756
2021-10-01 $393,000 (11.1%) $548,641 (10.1%) 1.05 11,402
2021-11-01 $394,750 (12.7%) $548,896 (9.2%) 1.05 11,149
2021-12-01 $389,950 (11.4%) $548,327 (9.7%) 1.06 10,577
2022-01-01 $389,000 (11.1%) $556,007 (9.4%) 1.05 8,744
2022-02-01 $390,188 (8.4%) $574,493 (9.3%) 1.01 7,861
2022-03-01 $398,750 (9.0%) $574,290 (7.7%) 1.00 7,894
2022-04-01 $414,900 (8.5%) $592,950 (8.2%) 0.99 8,228
2022-05-01 $429,589 (10.4%) $605,385 (7.4%) 0.98 10,103
2022-06-01 $448,225 (14.3%) $615,928 (10.8%) 1.00 12,207
2022-07-01 $436,714 (9.5%) $594,634 (5.7%) 0.99 15,604
2022-08-01 $425,000 (7.6%) $579,830 (5.2%) 0.98 16,905
2022-09-01 $419,900 (6.2%) $565,208 (2.4%) 0.98 17,216
2022-10-01 $412,000 (4.8%) $552,551 (0.7%) 0.97 18,246
2022-11-01 $401,838 (1.8%) $549,468 (0.1%) 0.97 18,281
Atlanta's median listing price for 2022-11-01 was $401,838, a difference of $7,088 (1.8%) versus the prior year and $-10,162 versus the prior month.

Atlanta's median listing price comes in at 97% of the national average.

Atlanta's average listing price for 2022-11-01 was $549,468, a difference of $572 (0.1%) versus the prior year and $-3,083 versus the prior month.

For the 2022-11-01 period, Atlanta had 18,281 MLS listings, a difference of 35 listings (0%) versus the prior month and 7,132 listings (64%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Atlanta (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 74 days 2,576 sqft
2018-02-01 65 days 2,601 sqft
2018-03-01 49 days 2,641 sqft
2018-04-01 47 days 2,706 sqft
2018-05-01 47 days 2,695 sqft
2018-06-01 49 days 2,672 sqft
2018-07-01 50 days 2,625 sqft
2018-08-01 52 days 2,597 sqft
2018-09-01 54 days 2,580 sqft
2018-10-01 58 days 2,537 sqft
2018-11-01 59 days 2,536 sqft
2018-12-01 67 days 2,510 sqft
2019-01-01 72 days 2,477 sqft
2019-02-01 63 days 2,469 sqft
2019-03-01 52 days 2,510 sqft
2019-04-01 50 days 2,549 sqft
2019-05-01 52 days 2,584 sqft
2019-06-01 54 days 2,566 sqft
2019-07-01 58 days 2,531 sqft
2019-08-01 58 days 2,507 sqft
2019-09-01 60 days 2,482 sqft
2019-10-01 61 days 2,458 sqft
2019-11-01 64 days 2,438 sqft
2019-12-01 74 days 2,410 sqft
2020-01-01 74 days 2,404 sqft
2020-02-01 64 days 2,414 sqft
2020-03-01 53 days 2,422 sqft
2020-04-01 53 days 2,402 sqft
2020-05-01 59 days 2,407 sqft
2020-06-01 58 days 2,420 sqft
2020-07-01 60 days 2,423 sqft
2020-08-01 59 days 2,404 sqft
2020-09-01 57 days 2,345 sqft
2020-10-01 55 days 2,309 sqft
2020-11-01 59 days 2,263 sqft
2020-12-01 64 days 2,224 sqft
2021-01-01 61 days 2,206 sqft
2021-02-01 47 days 2,185 sqft
2021-03-01 41 days 2,198 sqft
2021-04-01 37 days 2,245 sqft
2021-05-01 36 days 2,239 sqft
2021-06-01 36 days 2,252 sqft
2021-07-01 36 days 2,240 sqft
2021-08-01 39 days 2,224 sqft
2021-09-01 44 days 2,203 sqft
2021-10-01 46 days 2,174 sqft
2021-11-01 44 days 2,177 sqft
2021-12-01 49 days 2,158 sqft
2022-01-01 53 days 2,136 sqft
2022-02-01 37 days 2,117 sqft
2022-03-01 34 days 2,115 sqft
2022-04-01 32 days 2,184 sqft
2022-05-01 31 days 2,238 sqft
2022-06-01 27 days 2,308 sqft
2022-07-01 30 days 2,300 sqft
2022-08-01 37 days 2,275 sqft
2022-09-01 43 days 2,266 sqft
2022-10-01 45 days 2,250 sqft
2022-11-01 51 days 2,231 sqft
Atlanta's median listing age (time on market) for 2022-11-01 was 51 days. This is 15% longer than the same period one year ago.

Atlanta's median square footage for active listings during the 2022-11-01 period was 2,231 sqft. One year prior, the average listing was 2,177 sqft.