Atlanta USDA Loan Rates, Closing Costs & Stats

ATLANTA-SANDY SPRINGS-ALPHARETTA, GA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 73 lenders originated 298 USDA loans during 2023. The total origination value was $75,880,000, with an average USDA loan value of $254,631.

    Atlanta USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Atlanta averaged 6.3% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Atlanta's average USDA mortgage closing costs are $5,280.

    The average rate for the prior week (2024-12-06) was 6.23% and one month ago for the week of 2024-11-08, the average rate was 6.15%.

    The average rate one year ago was 6.92%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.37%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 19 6.82% $8,364
    Magnolia Bank 17 6.24% $7,839
    HOMESTAR FINANCIAL CORPORATION 17 6.29% $6,352
    UNITED WHOLESALE MORTGAGE, LLC 16 5.90% $10,332
    SWBC MORTGAGE CORPORATION 11 6.43% $4,837
    BANKSOUTH MORTGAGE COMPANY, LLC 9 6.08% $10,257
    FIRST COMMUNITY MORTGAGE, INC. 9 6.61% $7,762
    CROSSCOUNTRY MORTGAGE, LLC 9 6.29% $8,479
    BROKER SOLUTIONS, INC. 8 5.73% $10,359
    NEWREZ LLC 7 6.29% $7,427
    Synovus Bank 7 5.84% $14,327
    MOVEMENT MORTGAGE, LLC 7 6.43% $7,775
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 7 6.79% $7,510
    Equity Prime Mortgage LLC 6 6.27% $10,666
    FBC MORTGAGE, LLC 6 5.32% $7,758
    VANDERBILT MORTGAGE AND FINANCE, INC. 6 6.90% $9,300
    GUARANTEED RATE, INC. 6 6.91% $8,862
    Ameris Bank 6 6.25% $8,420
    STOCKTON MORTGAGE CORPORATION 6 7.06% $7,455
    VAN DYK MORTGAGE CORPORATION 5 6.88% $5,505
    Bank of England 5 6.33% $8,869
    INSPIRE HOME LOANS INC. 5 5.93% $8,720
    HOMEOWNERS FINANCIAL GROUP USA, LLC 4 6.56% $10,501
    ACOPIA, LLC 4 6.09% $8,523
    United Community Bank 4 6.47% $6,987
    UNION HOME MORTGAGE CORP. 3 6.46% $8,431
    THRIVE MORTGAGE, LLC 3 6.67% $7,853
    DHI MORTGAGE COMPANY, LTD. 3 5.42% $6,577
    Flagstar Bank, FSB 3 6.37% $9,118
    Colony Bank 3 6.37% $6,997
    CMG MORTGAGE, INC. 3 6.88% $7,855
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.13% $5,941
    Capital City Home Loans, LLC 3 6.08% $8,794
    MORTGAGE INVESTORS GROUP, INC. 3 6.58% $7,650
    Prosperity Home Mortgage, LLC 3 6.38% $7,048
    SECURITYNATIONAL MORTGAGE COMPANY 3 6.42% $6,887
    DAS Acquisition Company, LLC 2 6.50% $6,207
    AMERICAN FINANCIAL NETWORK, INC. 2 6.63% $11,484
    CANOPY MORTGAGE, LLC 2 6.19% $13,811
    CARDINAL FINANCIAL 2 6.12% $9,922
    CHURCHILL MORTGAGE CORPORATION 2 7.06% $9,186
    ACADEMY MORTGAGE CORPORATION 2 5.94% $15,065
    GMFS LLC 2 6.00% $4,056
    GUARANTY MORTGAGE SERVICES, L.L.C. 2 7.00% $13,837
    Paramount Residential Mortgage Group, Inc. 2 6.75% $5,391
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.38% $14,178
    Renasant Bank 2 6.69% $7,661
    Truist 2 5.88% $5,807
    Keystone Funding, Inc. 1 5.38% $12,615
    NFM, INC. 1 6.38% $9,225
    NVR Mortgage Finance, Inc. 1 4.38% $9,351
    OPEN MORTGAGE, LLC 1 6.88% $5,260
    Century Mortgage Company DBA Century Lending Company 1 7.25% $8,677
    Plains Commerce Bank 1 6.75% $7,731
    PLAZA HOME MORTGAGE, INC. 1 5.50% $12,259
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $9,377
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.63% $15,303
    HOMESIDE FINANCIAL, LLC 1 6.63% $10,371
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.75% $10,311
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.13% $7,693
    GUILD MORTGAGE COMPANY 1 6.13% $5,905
    GENEVA FINANCIAL, LLC 1 7.13% $11,208
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.00% $7,549
    Gateway First Bank 1 6.13% $11,782
    First Option Mortgage, LLC 1 5.75% $8,597
    First Horizon Bank 1 7.00% $5,884
    Wolfe Financial, Inc 1 6.63% $9,372
    EVERETT FINANCIAL, INC. 1 7.00% $2,323
    DIRECT LENDERS, LLC 1 7.25% $4,874
    Mortgage Assurance Inc. 1 6.25% $5,608
    LOANDEPOT.COM, LLC 1 6.88% $7,153
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $6,668
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.00% $17,435

    The top Atlanta USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 19 USDA loans originated. Their average total fees are $8,364, which is $525 higher than the next largest lender, Magnolia Bank.

    The lowest fee Atlanta USDA lenders (with over 10 loans originated) are SWBC MORTGAGE CORPORATION ($4,837), HOMESTAR FINANCIAL CORPORATION ($6,352), Magnolia Bank ($7,839), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,364) and UNITED WHOLESALE MORTGAGE, LLC ($10,332).

    The lowest rate Atlanta USDA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.90%), Magnolia Bank (6.24%), HOMESTAR FINANCIAL CORPORATION (6.29%), SWBC MORTGAGE CORPORATION (6.43%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.82%).

    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%) $421,210 (8.5%) 1.12 21,599
    2018-02-01 $311,900 (13.1%) $430,970 (7.8%) 1.13 21,000
    2018-03-01 $324,815 (14.6%) $443,053 (7.2%) 1.14 21,478
    2018-04-01 $336,932 (12.9%) $460,536 (8.8%) 1.14 22,028
    2018-05-01 $339,450 (13.2%) $460,873 (8.3%) 1.13 22,851
    2018-06-01 $339,900 (13.3%) $458,997 (8.6%) 1.13 23,821
    2018-07-01 $329,930 (10.5%) $443,463 (7.3%) 1.10 25,493
    2018-08-01 $325,000 (10.2%) $442,705 (7.7%) 1.09 25,885
    2018-09-01 $324,500 (9.6%) $432,446 (5.8%) 1.09 26,312
    2018-10-01 $315,863 (6.4%) $430,173 (4.4%) 1.07 28,362
    2018-11-01 $315,450 (5.6%) $434,164 (5.0%) 1.07 28,028
    2018-12-01 $313,900 (4.7%) $431,791 (4.1%) 1.08 27,127
    2019-01-01 $309,900 (2.5%) $428,743 (1.8%) 1.07 25,480
    2019-02-01 $319,450 (2.4%) $440,067 (2.1%) 1.08 25,217
    2019-03-01 $322,143 (-0.8%) $441,043 (-0.5%) 1.05 26,406
    2019-04-01 $325,000 (-3.5%) $438,224 (-4.8%) 1.03 28,288
    2019-05-01 $329,900 (-2.8%) $441,938 (-4.1%) 1.03 29,082
    2019-06-01 $325,000 (-4.4%) $438,115 (-4.6%) 1.02 29,595
    2019-07-01 $324,950 (-1.5%) $433,031 (-2.4%) 1.02 30,393
    2019-08-01 $320,362 (-1.4%) $423,477 (-4.3%) 1.01 30,480
    2019-09-01 $314,665 (-3.0%) $417,305 (-3.5%) 1.01 30,212
    2019-10-01 $317,750 (0.6%) $422,738 (-1.7%) 1.03 28,639
    2019-11-01 $322,000 (2.1%) $431,923 (-0.5%) 1.06 26,121
    2019-12-01 $317,936 (1.3%) $430,222 (-0.4%) 1.06 24,341
    2020-01-01 $316,745 (2.2%) $429,705 (0.2%) 1.06 22,407
    2020-02-01 $320,000 (0.2%) $438,324 (-0.4%) 1.05 21,487
    2020-03-01 $329,450 (2.3%) $447,127 (1.4%) 1.03 21,537
    2020-04-01 $325,000 (0.0%) $438,717 (0.1%) 1.02 23,446
    2020-05-01 $334,900 (1.5%) $451,854 (2.2%) 1.02 23,115
    2020-06-01 $345,450 (6.3%) $467,630 (6.7%) 1.02 20,978
    2020-07-01 $349,950 (7.7%) $482,054 (11.3%) 1.01 18,878
    2020-08-01 $350,000 (9.3%) $486,739 (14.9%) 1.00 17,541
    2020-09-01 $351,291 (11.6%) $492,513 (18.0%) 1.01 16,258
    2020-10-01 $354,190 (11.5%) $498,920 (18.0%) 1.01 15,849
    2020-11-01 $350,813 (9.0%) $503,714 (16.6%) 1.03 14,439
    2020-12-01 $349,950 (10.1%) $500,841 (16.4%) 1.04 12,886
    2021-01-01 $350,000 (10.5%) $509,256 (18.5%) 1.04 11,159
    2021-02-01 $359,900 (12.5%) $526,585 (20.1%) 1.05 9,440
    2021-03-01 $367,210 (11.5%) $534,827 (19.6%) 1.04 8,999
    2021-04-01 $382,500 (17.7%) $549,764 (25.3%) 1.04 8,980
    2021-05-01 $389,900 (16.4%) $565,452 (25.1%) 1.04 9,128
    2021-06-01 $394,950 (14.3%) $557,691 (19.3%) 1.04 9,963
    2021-07-01 $399,900 (14.3%) $563,606 (16.9%) 1.06 11,272
    2021-08-01 $395,125 (12.9%) $551,850 (13.4%) 1.05 11,646
    2021-09-01 $396,603 (12.9%) $552,443 (12.2%) 1.06 11,689
    2021-10-01 $394,000 (11.2%) $549,260 (10.1%) 1.05 11,319
    2021-11-01 $394,995 (12.6%) $550,230 (9.2%) 1.06 11,066
    2021-12-01 $390,000 (11.4%) $549,695 (9.8%) 1.06 10,494
    2022-01-01 $389,900 (11.4%) $555,923 (9.2%) 1.05 8,660
    2022-02-01 $392,450 (9.0%) $576,549 (9.5%) 1.02 7,774
    2022-03-01 $399,450 (8.8%) $576,228 (7.7%) 1.00 7,808
    2022-04-01 $415,000 (8.5%) $595,101 (8.3%) 0.99 8,146
    2022-05-01 $429,950 (10.3%) $606,963 (7.3%) 0.98 10,022
    2022-06-01 $449,450 (13.8%) $617,395 (10.7%) 1.00 12,124
    2022-07-01 $439,000 (9.8%) $595,754 (5.7%) 0.99 15,521
    2022-08-01 $425,000 (7.6%) $580,760 (5.2%) 0.98 16,826
    2022-09-01 $419,995 (5.9%) $566,102 (2.5%) 0.98 17,131
    2022-10-01 $413,995 (5.1%) $553,378 (0.8%) 0.97 18,160
    2022-11-01 $403,025 (2.0%) $550,342 (0.0%) 0.97 18,197
    2022-12-01 $399,900 (2.5%) $544,509 (-0.9%) 0.99 17,020
    2023-01-01 $399,900 (2.6%) $550,044 (-1.1%) 0.99 15,106
    2023-02-01 $399,950 (1.9%) $560,345 (-2.8%) 0.97 14,034
    2023-03-01 $409,950 (2.6%) $574,394 (-0.3%) 0.97 13,278
    2023-04-01 $420,000 (1.2%) $593,352 (-0.3%) 0.98 12,245
    2023-05-01 $430,108 (0.0%) $608,512 (0.3%) 0.98 12,236
    2023-06-01 $437,483 (-2.7%) $612,408 (-0.8%) 0.98 13,057
    2023-07-01 $435,000 (-0.9%) $613,809 (3.0%) 0.99 14,132
    2023-08-01 $430,000 (1.2%) $608,008 (4.7%) 0.99 14,505
    2023-09-01 $425,940 (1.4%) $601,274 (6.2%) 0.99 15,640
    2023-10-01 $425,000 (2.7%) $595,090 (7.5%) 1.00 16,671
    2023-11-01 $419,995 (4.2%) $591,751 (7.5%) 1.00 17,153
    2023-12-01 $415,000 (3.8%) $590,733 (8.5%) 1.01 16,414
    2024-01-01 $409,900 (2.5%) $590,830 (7.4%) 1.00 15,381
    2024-02-01 $409,275 (2.3%) $594,317 (6.1%) 0.99 15,486
    2024-03-01 $410,000 (0.0%) $597,670 (4.1%) 0.96 16,211
    2024-04-01 $415,000 (-1.2%) $605,301 (2.0%) 0.97 17,469
    2024-05-01 $423,950 (-1.4%) $614,872 (1.1%) 0.96 18,865
    2024-06-01 $425,000 (-2.9%) $608,711 (-0.6%) 0.96 20,705
    2024-07-01 $423,950 (-2.5%) $594,548 (-3.1%) 0.97 22,168
    2024-08-01 $415,000 (-3.5%) $577,596 (-5.0%) 0.97 22,916
    2024-09-01 $414,560 (-2.7%) $572,322 (-4.8%) 0.98 23,889
    2024-10-01 $410,000 (-3.5%) $570,353 (-4.2%) 0.96 24,546
    2024-11-01 $405,000 (-3.6%) $558,979 (-5.5%) 0.97 24,491
    Atlanta's median listing price for 2024-11-01 was $405,000, a difference of $-14,995 (-3.6%) versus the prior year and $-5,000 versus the prior month.

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

    Atlanta's average listing price for 2024-11-01 was $558,979, a difference of $-32,772 (-5.5%) versus the prior year and $-11,374 versus the prior month.

    For the 2024-11-01 period, Atlanta had 24,491 MLS listings, a difference of -55 listings (0%) versus the prior month and 7,338 listings (43%) 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 72 days 2,579 sqft
    2018-02-01 62 days 2,607 sqft
    2018-03-01 47 days 2,648 sqft
    2018-04-01 46 days 2,707 sqft
    2018-05-01 45 days 2,699 sqft
    2018-06-01 47 days 2,679 sqft
    2018-07-01 48 days 2,628 sqft
    2018-08-01 50 days 2,603 sqft
    2018-09-01 53 days 2,587 sqft
    2018-10-01 57 days 2,546 sqft
    2018-11-01 58 days 2,543 sqft
    2018-12-01 65 days 2,521 sqft
    2019-01-01 69 days 2,488 sqft
    2019-02-01 59 days 2,482 sqft
    2019-03-01 49 days 2,522 sqft
    2019-04-01 47 days 2,558 sqft
    2019-05-01 48 days 2,594 sqft
    2019-06-01 52 days 2,576 sqft
    2019-07-01 55 days 2,535 sqft
    2019-08-01 55 days 2,512 sqft
    2019-09-01 58 days 2,486 sqft
    2019-10-01 59 days 2,462 sqft
    2019-11-01 61 days 2,440 sqft
    2019-12-01 72 days 2,412 sqft
    2020-01-01 72 days 2,405 sqft
    2020-02-01 61 days 2,419 sqft
    2020-03-01 51 days 2,427 sqft
    2020-04-01 52 days 2,402 sqft
    2020-05-01 58 days 2,410 sqft
    2020-06-01 56 days 2,423 sqft
    2020-07-01 58 days 2,424 sqft
    2020-08-01 57 days 2,405 sqft
    2020-09-01 53 days 2,350 sqft
    2020-10-01 52 days 2,316 sqft
    2020-11-01 56 days 2,269 sqft
    2020-12-01 62 days 2,227 sqft
    2021-01-01 58 days 2,211 sqft
    2021-02-01 44 days 2,192 sqft
    2021-03-01 39 days 2,203 sqft
    2021-04-01 36 days 2,246 sqft
    2021-05-01 35 days 2,244 sqft
    2021-06-01 34 days 2,256 sqft
    2021-07-01 33 days 2,246 sqft
    2021-08-01 38 days 2,227 sqft
    2021-09-01 42 days 2,204 sqft
    2021-10-01 44 days 2,176 sqft
    2021-11-01 43 days 2,180 sqft
    2021-12-01 48 days 2,160 sqft
    2022-01-01 52 days 2,133 sqft
    2022-02-01 36 days 2,118 sqft
    2022-03-01 33 days 2,119 sqft
    2022-04-01 32 days 2,183 sqft
    2022-05-01 30 days 2,238 sqft
    2022-06-01 27 days 2,312 sqft
    2022-07-01 29 days 2,300 sqft
    2022-08-01 36 days 2,277 sqft
    2022-09-01 41 days 2,267 sqft
    2022-10-01 44 days 2,250 sqft
    2022-11-01 49 days 2,231 sqft
    2022-12-01 59 days 2,200 sqft
    2023-01-01 66 days 2,191 sqft
    2023-02-01 51 days 2,185 sqft
    2023-03-01 46 days 2,218 sqft
    2023-04-01 43 days 2,246 sqft
    2023-05-01 40 days 2,279 sqft
    2023-06-01 39 days 2,303 sqft
    2023-07-01 40 days 2,282 sqft
    2023-08-01 41 days 2,270 sqft
    2023-09-01 43 days 2,250 sqft
    2023-10-01 43 days 2,233 sqft
    2023-11-01 45 days 2,210 sqft
    2023-12-01 53 days 2,197 sqft
    2024-01-01 56 days 2,164 sqft
    2024-02-01 43 days 2,157 sqft
    2024-03-01 41 days 2,156 sqft
    2024-04-01 39 days 2,163 sqft
    2024-05-01 37 days 2,187 sqft
    2024-06-01 38 days 2,204 sqft
    2024-07-01 44 days 2,205 sqft
    2024-08-01 47 days 2,176 sqft
    2024-09-01 50 days 2,167 sqft
    2024-10-01 51 days 2,164 sqft
    2024-11-01 59 days 2,138 sqft
    Atlanta's median listing age (time on market) for 2024-11-01 was 59 days. This is 33% longer than the same period one year ago.

    Atlanta's median square footage for active listings during the 2024-11-01 period was 2,138 sqft. One year prior, the average listing was 2,210 sqft.