Atlanta USDA Loan Rates, Closing Costs & Stats

ATLANTA-SANDY SPRINGS-ALPHARETTA, 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.

    Atlanta's 99 lenders originated 492 USDA loans during 2022. The total origination value was $119,330,000, with an average USDA loan value of $242,541.

    Atlanta USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Atlanta averaged 6.39% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

    Atlanta's average USDA mortgage closing costs are $5,134.

    The average rate for the prior week (2023-05-19) was 6.33% and one month ago for the week of 2023-04-21, the average rate was 5.94%.

    The average rate one year ago was 4.96%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.32%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    HOMESTAR FINANCIAL CORPORATION 72 4.78% $5,580
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 21 4.81% $7,556
    SWBC MORTGAGE CORPORATION 20 4.76% $5,789
    MOVEMENT MORTGAGE, LLC 15 4.95% $7,166
    HOMEBRIDGE FINANCIAL SERVICES, INC. 15 4.40% $8,117
    Magnolia Bank 14 4.96% $6,667
    HOME POINT FINANCIAL CORPORATION 14 4.49% $7,509
    UNITED WHOLESALE MORTGAGE, LLC 13 5.02% $9,067
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 12 4.92% $8,017
    PENNYMAC LOAN SERVICES, LLC 10 3.13% $5,906
    Ameris Bank 10 4.16% $7,782
    CARDINAL FINANCIAL 9 5.39% $9,910
    VAN DYK MORTGAGE CORPORATION 9 4.93% $5,862
    EVERETT FINANCIAL, INC. 8 4.89% $4,834
    Paramount Residential Mortgage Group, Inc. 8 4.78% $6,308
    Renasant Bank 8 4.78% $8,727
    CALIBER HOME LOANS, INC. 8 4.29% $6,713
    HOMEOWNERS FINANCIAL GROUP USA, LLC 8 5.31% $8,436
    Equity Prime Mortgage LLC 8 4.98% $9,511
    VANDERBILT MORTGAGE AND FINANCE, INC. 8 4.75% $7,020
    SECURITYNATIONAL MORTGAGE COMPANY 7 5.14% $6,643
    NEWREZ LLC 7 3.43% $9,510
    BANKSOUTH MORTGAGE COMPANY, LLC 7 4.36% $9,018
    Flagstar Bank, FSB 7 3.78% $5,722
    GUARANTEED RATE, INC. 7 5.16% $7,994
    BROKER SOLUTIONS, INC. 6 5.00% $7,308
    INSPIRE HOME LOANS INC. 6 5.42% $10,391
    PRIMARY RESIDENTIAL MORTGAGE, INC. 6 5.02% $8,761
    ACOPIA, LLC 6 4.96% $9,476
    South State Bank 5 3.03% $6,225
    NFM, INC. 5 6.20% $7,235
    Goldwater Bank, N.A. 5 3.78% $5,937
    Alcova Mortgage LLC 5 4.68% $5,150
    CROSSCOUNTRY MORTGAGE, LLC 5 4.95% $8,247
    DAS Acquisition Company, LLC 5 5.75% $9,027
    Capital City Home Loans, LLC 4 4.38% $10,999
    TJC Mortgage, Inc. 4 3.84% $6,007
    Bank of England 3 4.92% $9,179
    DIRECT LENDERS, LLC 3 4.08% $3,474
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 4.16% $11,512
    First Federal Bank 3 4.41% $6,685
    Century Mortgage Company DBA Century Lending Company 3 4.00% $5,990
    United Community Bank 3 4.42% $6,955
    STOCKTON MORTGAGE CORPORATION 3 4.46% $7,559
    SOUTHPOINT FINANCIAL SERVICES, INC. 3 4.88% $3,047
    First Option Mortgage, LLC 2 5.63% $8,398
    Atlantic Union Bank 2 4.94% $9,222
    BAY EQUITY LLC 2 5.75% $9,552
    CDC Federal Credit Union 2 4.25% $6,628
    CERTAINTY HOME LOANS, LLC 2 3.44% $6,488
    CMG MORTGAGE, INC. 2 4.44% $8,129
    CRESCENT MORTGAGE COMPANY 2 4.31% $6,610
    EAGLE HOME MORTGAGE, LLC 2 4.63% $11,250
    FirstBank 2 4.81% $7,674
    GMFS LLC 2 4.44% $9,762
    Hometown Equity Mortgage, LLC 2 4.56% $5,787
    MORTGAGE INVESTORS GROUP, INC. 2 5.19% $8,057
    PNC Bank 2 6.25% $6,830
    Prosperity Home Mortgage, LLC 2 3.13% $6,600
    RADIUS FINANCIAL GROUP INC. 2 6.50% $7,038
    Sierra Pacific Mortgage Company, Inc. 2 3.19% $9,398
    Synovus Bank 2 4.31% $7,762
    THE MORTGAGE FIRM, INC. 2 5.25% $9,619
    US MORTGAGE CORPORATION 2 4.38% $7,680
    Wells Fargo Bank 2 5.13% $7,856
    Ixonia Bank 1 4.00% $7,993
    HOMESPIRE MORTGAGE CORPORATION 1 5.50% $12,889
    Plains Commerce Bank 1 5.13% $6,924
    PLANET HOME LENDING, LLC 1 3.75% $3,902
    Centennial Bank 1 6.63% $6,152
    GUARANTY HOME MORTGAGE CORPORATION 1 3.88% $5,082
    GENEVA FINANCIAL, LLC 1 4.13% $8,341
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 4.38% $7,827
    Wyndham Capital Mortgage, Inc. 1 4.38% $6,033
    RAPID MORTGAGE COMPANY 1 3.13% $8,925
    First Guaranty Mortgage Corporation 1 3.50% $7,730
    S1L, Inc. 1 4.63% $12,920
    FIRST COMMUNITY MORTGAGE, INC. 1 4.13% $6,020
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $5,596
    FINANCE OF AMERICA MORTGAGE LLC 1 5.63% $9,522
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.25% $14,054
    DHI MORTGAGE COMPANY, LTD. 1 5.25% $5,964
    Countybank 1 2.88% $7,310
    SUMMIT FUNDING, INC. 1 6.50% $15,178
    Cornerstone First Mortgage, Inc 1 6.63% $7,050
    ANGEL OAK HOME LOANS LLC 1 4.13% $8,669
    Waterstone Mortgage Corporation 1 3.88% $3,212
    THRIVE MORTGAGE, LLC 1 5.88% $11,414
    Colony Bank 1 3.50% $5,664
    Trustmark National Bank 1 5.38% $7,116
    MILEND, INC. 1 4.25% $14,486
    Mortgage Assurance Inc. 1 5.63% $14,106
    United Bank 1 2.75% $5,310
    Mortgage Research Center, LLC 1 3.99% $3,654
    Meridian Bank Corporation 1 2.88% $13,236
    Nations Lending Corporation 1 5.75% $8,097
    Loan Simple, Inc. 1 4.75% $9,159
    LOANDEPOT.COM, LLC 1 5.38% $10,105
    ON Q FINANCIAL, INC. 1 6.75% $11,627

    The top Atlanta USDA lender as defined by loan originations is HOMESTAR FINANCIAL CORPORATION, with 72 USDA loans originated. Their average total fees are $5,580, which is $1,976 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Atlanta USDA lenders (with over 10 loans originated) are HOMESTAR FINANCIAL CORPORATION ($5,580), SWBC MORTGAGE CORPORATION ($5,789), PENNYMAC LOAN SERVICES, LLC ($5,906), Magnolia Bank ($6,667) and MOVEMENT MORTGAGE, LLC ($7,166).

    The lowest rate Atlanta USDA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.13%), Ameris Bank (4.16%), HOMEBRIDGE FINANCIAL SERVICES, INC. (4.40%), HOME POINT FINANCIAL CORPORATION (4.49%) and SWBC MORTGAGE CORPORATION (4.76%).

    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%) $421,191 (8.5%) 1.12 21,595
    2018-02-01 $311,900 (13.2%) $430,962 (7.8%) 1.13 20,996
    2018-03-01 $324,815 (14.6%) $443,036 (7.2%) 1.14 21,476
    2018-04-01 $336,883 (12.9%) $460,539 (8.8%) 1.14 22,027
    2018-05-01 $339,450 (13.2%) $460,893 (8.3%) 1.13 22,849
    2018-06-01 $339,900 (13.3%) $458,975 (8.6%) 1.13 23,823
    2018-07-01 $329,792 (10.5%) $443,449 (7.3%) 1.10 25,494
    2018-08-01 $325,000 (10.2%) $442,694 (7.7%) 1.09 25,883
    2018-09-01 $324,348 (9.6%) $432,447 (5.8%) 1.09 26,306
    2018-10-01 $315,748 (6.3%) $430,111 (4.4%) 1.07 28,359
    2018-11-01 $315,350 (5.6%) $434,424 (5.1%) 1.07 28,029
    2018-12-01 $313,482 (4.5%) $432,051 (4.1%) 1.08 27,130
    2019-01-01 $309,900 (2.5%) $428,642 (1.8%) 1.07 25,482
    2019-02-01 $319,450 (2.4%) $440,069 (2.1%) 1.08 25,215
    2019-03-01 $319,900 (-1.5%) $433,210 (-2.2%) 1.07 27,345
    2019-04-01 $325,000 (-3.5%) $437,672 (-5.0%) 1.03 28,309
    2019-05-01 $329,900 (-2.8%) $441,703 (-4.2%) 1.03 29,102
    2019-06-01 $325,000 (-4.4%) $437,906 (-4.6%) 1.02 29,612
    2019-07-01 $324,945 (-1.5%) $432,838 (-2.4%) 1.02 30,411
    2019-08-01 $325,000 (0.0%) $431,513 (-2.5%) 1.02 29,764
    2019-09-01 $324,868 (0.2%) $430,870 (-0.4%) 1.02 27,645
    2019-10-01 $318,500 (0.9%) $422,924 (-1.7%) 1.03 28,518
    2019-11-01 $322,000 (2.1%) $431,986 (-0.6%) 1.06 26,123
    2019-12-01 $318,138 (1.5%) $430,252 (-0.4%) 1.06 24,346
    2020-01-01 $316,745 (2.2%) $429,708 (0.3%) 1.06 22,408
    2020-02-01 $320,000 (0.2%) $438,333 (-0.4%) 1.05 21,483
    2020-03-01 $329,450 (3.0%) $447,159 (3.2%) 1.03 21,532
    2020-04-01 $325,000 (0.0%) $438,763 (0.3%) 1.02 23,442
    2020-05-01 $334,900 (1.5%) $451,906 (2.3%) 1.02 23,110
    2020-06-01 $345,450 (6.3%) $467,669 (6.8%) 1.02 20,975
    2020-07-01 $349,950 (7.7%) $482,068 (11.4%) 1.01 18,878
    2020-08-01 $350,000 (7.7%) $486,746 (12.8%) 1.00 17,542
    2020-09-01 $351,019 (8.1%) $492,500 (14.3%) 1.01 16,262
    2020-10-01 $353,968 (11.1%) $498,954 (18.0%) 1.01 15,854
    2020-11-01 $350,858 (9.0%) $503,703 (16.6%) 1.03 14,447
    2020-12-01 $349,950 (10.0%) $500,998 (16.4%) 1.04 12,883
    2021-01-01 $350,000 (10.5%) $509,465 (18.6%) 1.04 11,157
    2021-02-01 $359,900 (12.5%) $526,918 (20.2%) 1.05 9,430
    2021-03-01 $366,900 (11.4%) $534,957 (19.6%) 1.04 8,992
    2021-04-01 $382,500 (17.7%) $549,817 (25.3%) 1.04 8,979
    2021-05-01 $389,900 (16.4%) $565,458 (25.1%) 1.04 9,127
    2021-06-01 $394,900 (14.3%) $557,693 (19.3%) 1.04 9,960
    2021-07-01 $399,900 (14.3%) $564,165 (17.0%) 1.06 11,271
    2021-08-01 $395,350 (13.0%) $552,265 (13.5%) 1.05 11,644
    2021-09-01 $396,750 (13.0%) $552,536 (12.2%) 1.06 11,687
    2021-10-01 $393,900 (11.3%) $549,472 (10.1%) 1.05 11,322
    2021-11-01 $394,995 (12.6%) $550,149 (9.2%) 1.06 11,070
    2021-12-01 $390,000 (11.4%) $549,678 (9.7%) 1.06 10,498
    2022-01-01 $389,900 (11.4%) $555,811 (9.1%) 1.05 8,664
    2022-02-01 $391,495 (8.8%) $576,574 (9.4%) 1.02 7,773
    2022-03-01 $399,450 (8.9%) $576,317 (7.7%) 1.00 7,810
    2022-04-01 $415,000 (8.5%) $595,112 (8.2%) 0.99 8,140
    2022-05-01 $429,950 (10.3%) $607,096 (7.4%) 0.98 10,019
    2022-06-01 $449,000 (13.7%) $617,596 (10.7%) 1.00 12,122
    2022-07-01 $439,000 (9.8%) $595,969 (5.6%) 0.99 15,519
    2022-08-01 $425,000 (7.5%) $580,982 (5.2%) 0.98 16,821
    2022-09-01 $419,945 (5.9%) $566,281 (2.5%) 0.98 17,126
    2022-10-01 $413,500 (5.0%) $553,501 (0.7%) 0.97 18,156
    2022-11-01 $402,995 (2.0%) $550,383 (0.0%) 0.97 18,191
    2022-12-01 $399,900 (2.5%) $544,372 (-1.0%) 0.99 17,015
    2023-01-01 $399,900 (2.6%) $550,276 (-1.0%) 0.99 15,108
    2023-02-01 $399,945 (2.2%) $560,562 (-2.8%) 0.96 14,034
    2023-03-01 $409,519 (2.5%) $574,537 (-0.3%) 0.96 13,278
    2023-04-01 $425,000 (2.4%) $605,128 (1.7%) 0.99 12,507
    Atlanta's median listing price for 2023-04-01 was $425,000, a difference of $10,000 (2.4%) versus the prior year and $15,481 versus the prior month.

    Atlanta's median listing price comes in at 99% of the national average.

    Atlanta's average listing price for 2023-04-01 was $605,128, a difference of $10,016 (1.7%) versus the prior year and $30,591 versus the prior month.

    For the 2023-04-01 period, Atlanta had 12,507 MLS listings, a difference of -771 listings (-6%) versus the prior month and 4,367 listings (54%) 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 2,578 sqft
    2018-02-01 65 days 2,602 sqft
    2018-03-01 49 days 2,641 sqft
    2018-04-01 47 days 2,705 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 2,596 sqft
    2018-09-01 54 days 2,584 sqft
    2018-10-01 58 days 2,541 sqft
    2018-11-01 59 days 2,539 sqft
    2018-12-01 67 days 2,516 sqft
    2019-01-01 72 days 2,481 sqft
    2019-02-01 63 days 2,472 sqft
    2019-03-01 54 days 2,512 sqft
    2019-04-01 51 days 2,554 sqft
    2019-05-01 52 days 2,589 sqft
    2019-06-01 54 days 2,571 sqft
    2019-07-01 58 days 2,533 sqft
    2019-08-01 64 days 2,540 sqft
    2019-09-01 67 days 2,537 sqft
    2019-10-01 61 days 2,461 sqft
    2019-11-01 64 days 2,440 sqft
    2019-12-01 73 days 2,411 sqft
    2020-01-01 73 days 2,405 sqft
    2020-02-01 64 days 2,417 sqft
    2020-03-01 52 days 2,426 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 2,424 sqft
    2020-08-01 59 days 2,404 sqft
    2020-09-01 56 days 2,347 sqft
    2020-10-01 54 days 2,310 sqft
    2020-11-01 58 days 2,265 sqft
    2020-12-01 64 days 2,224 sqft
    2021-01-01 60 days 2,206 sqft
    2021-02-01 46 days 2,187 sqft
    2021-03-01 40 days 2,199 sqft
    2021-04-01 37 days 2,245 sqft
    2021-05-01 36 days 2,236 sqft
    2021-06-01 35 days 2,254 sqft
    2021-07-01 35 days 2,240 sqft
    2021-08-01 39 days 2,224 sqft
    2021-09-01 43 days 2,202 sqft
    2021-10-01 46 days 2,171 sqft
    2021-11-01 44 days 2,174 sqft
    2021-12-01 49 days 2,153 sqft
    2022-01-01 52 days 2,130 sqft
    2022-02-01 37 days 2,113 sqft
    2022-03-01 34 days 2,113 sqft
    2022-04-01 32 days 2,180 sqft
    2022-05-01 30 days 2,237 sqft
    2022-06-01 27 days 2,309 sqft
    2022-07-01 30 days 2,300 sqft
    2022-08-01 37 days 2,274 sqft
    2022-09-01 42 days 2,265 sqft
    2022-10-01 45 days 2,249 sqft
    2022-11-01 50 days 2,231 sqft
    2022-12-01 60 days 2,200 sqft
    2023-01-01 66 days 2,187 sqft
    2023-02-01 52 days 2,183 sqft
    2023-03-01 47 days 2,213 sqft
    2023-04-01 45 days 2,257 sqft
    Atlanta's median listing age (time on market) for 2023-04-01 was 45 days. This is 41% longer than the same period one year ago.

    Atlanta's median square footage for active listings during the 2023-04-01 period was 2,257 sqft. One year prior, the average listing was 2,180 sqft.