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 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 6.54% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

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

The average rate for the prior week (2024-02-09) was 6.18% and one month ago for the week of 2024-01-12, the average rate was 6%.

The average rate one year ago was 5.64%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.47%.

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 $303,929 (12.6%) $421,939 (8.6%) 1.13 21,693
2018-02-01 $312,201 (12.9%) $431,615 (7.8%) 1.13 21,084
2018-03-01 $324,900 (14.0%) $443,452 (7.1%) 1.14 21,573
2018-04-01 $336,950 (12.7%) $460,874 (8.8%) 1.14 22,130
2018-05-01 $339,450 (13.2%) $461,047 (8.2%) 1.13 22,962
2018-06-01 $339,900 (13.3%) $459,060 (8.6%) 1.13 23,955
2018-07-01 $330,950 (10.7%) $443,850 (7.4%) 1.11 25,610
2018-08-01 $325,000 (10.2%) $442,918 (7.7%) 1.09 26,000
2018-09-01 $324,900 (9.4%) $432,767 (5.8%) 1.09 26,412
2018-10-01 $316,000 (6.1%) $430,456 (4.3%) 1.07 28,503
2018-11-01 $315,741 (5.5%) $434,498 (4.9%) 1.07 28,180
2018-12-01 $314,535 (4.9%) $432,287 (4.0%) 1.09 27,279
2019-01-01 $309,900 (2.0%) $429,038 (1.7%) 1.07 25,628
2019-02-01 $319,618 (2.4%) $440,661 (2.1%) 1.08 25,342
2019-03-01 $322,931 (-0.6%) $440,903 (-0.6%) 1.06 26,561
2019-04-01 $325,000 (-3.6%) $437,094 (-5.2%) 1.03 28,525
2019-05-01 $329,700 (-2.9%) $440,659 (-4.4%) 1.03 29,317
2019-06-01 $325,000 (-4.4%) $436,587 (-4.9%) 1.02 29,875
2019-07-01 $324,900 (-1.8%) $431,597 (-2.8%) 1.02 30,672
2019-08-01 $319,051 (-1.8%) $422,026 (-4.7%) 1.01 30,747
2019-09-01 $313,960 (-3.4%) $415,878 (-3.9%) 1.00 30,458
2019-10-01 $318,016 (0.6%) $422,197 (-1.9%) 1.03 28,789
2019-11-01 $322,900 (2.3%) $432,324 (-0.5%) 1.06 26,199
2019-12-01 $318,500 (1.3%) $430,756 (-0.4%) 1.06 24,410
2020-01-01 $317,498 (2.5%) $430,327 (0.3%) 1.06 22,475
2020-02-01 $320,000 (0.1%) $438,828 (-0.4%) 1.05 21,554
2020-03-01 $329,450 (2.0%) $447,584 (1.5%) 1.03 21,612
2020-04-01 $325,000 (0.0%) $439,146 (0.5%) 1.02 23,527
2020-05-01 $334,907 (1.6%) $452,340 (2.7%) 1.02 23,185
2020-06-01 $346,055 (6.5%) $468,066 (7.2%) 1.02 21,034
2020-07-01 $350,053 (7.7%) $482,733 (11.9%) 1.01 18,917
2020-08-01 $350,100 (9.7%) $487,412 (15.5%) 1.00 17,581
2020-09-01 $352,788 (12.4%) $493,054 (18.6%) 1.01 16,275
2020-10-01 $354,990 (11.6%) $499,634 (18.3%) 1.02 15,865
2020-11-01 $352,000 (9.0%) $504,765 (16.8%) 1.03 14,437
2020-12-01 $349,950 (9.9%) $502,212 (16.6%) 1.04 12,872
2021-01-01 $350,000 (10.2%) $510,483 (18.6%) 1.04 11,143
2021-02-01 $359,950 (12.5%) $527,995 (20.3%) 1.05 9,439
2021-03-01 $367,415 (11.5%) $536,266 (19.8%) 1.04 9,003
2021-04-01 $383,495 (18.0%) $550,859 (25.4%) 1.04 8,989
2021-05-01 $389,900 (16.4%) $566,756 (25.3%) 1.04 9,145
2021-06-01 $395,000 (14.1%) $558,981 (19.4%) 1.04 9,979
2021-07-01 $399,900 (14.2%) $565,012 (17.0%) 1.06 11,285
2021-08-01 $395,500 (13.0%) $553,103 (13.5%) 1.05 11,649
2021-09-01 $397,950 (12.8%) $553,503 (12.3%) 1.06 11,695
2021-10-01 $394,900 (11.2%) $550,413 (10.2%) 1.05 11,338
2021-11-01 $395,000 (12.2%) $551,459 (9.3%) 1.06 11,083
2021-12-01 $390,746 (11.7%) $550,306 (9.6%) 1.06 10,517
2022-01-01 $389,900 (11.4%) $556,936 (9.1%) 1.05 8,661
2022-02-01 $393,450 (9.3%) $577,483 (9.4%) 1.02 7,796
2022-03-01 $399,450 (8.7%) $577,113 (7.6%) 1.00 7,839
2022-04-01 $415,000 (8.2%) $595,679 (8.1%) 0.99 8,184
2022-05-01 $429,950 (10.3%) $607,456 (7.2%) 0.98 10,057
2022-06-01 $449,675 (13.8%) $618,245 (10.6%) 1.00 12,151
2022-07-01 $439,500 (9.9%) $596,692 (5.6%) 0.99 15,552
2022-08-01 $425,000 (7.5%) $581,598 (5.2%) 0.98 16,848
2022-09-01 $420,000 (5.5%) $566,973 (2.4%) 0.98 17,158
2022-10-01 $414,338 (4.9%) $554,032 (0.7%) 0.97 18,186
2022-11-01 $403,726 (2.2%) $550,724 (-0.1%) 0.97 18,244
2022-12-01 $399,900 (2.3%) $545,097 (-1.0%) 0.99 17,053
2023-01-01 $399,900 (2.6%) $550,671 (-1.1%) 0.99 15,131
2023-02-01 $399,950 (1.7%) $561,375 (-2.8%) 0.97 14,056
2023-03-01 $410,000 (2.6%) $575,533 (-0.3%) 0.97 13,294
2023-04-01 $420,000 (1.2%) $594,329 (-0.2%) 0.98 12,275
2023-05-01 $431,059 (0.3%) $610,171 (0.5%) 0.98 12,276
2023-06-01 $439,344 (-2.3%) $614,354 (-0.6%) 0.99 13,096
2023-07-01 $438,000 (-0.3%) $615,761 (3.2%) 1.00 14,158
2023-08-01 $431,530 (1.5%) $610,054 (4.9%) 0.99 14,545
2023-09-01 $429,000 (2.1%) $603,023 (6.4%) 1.00 15,685
2023-10-01 $425,000 (2.6%) $596,840 (7.7%) 1.00 16,719
2023-11-01 $420,000 (4.0%) $593,607 (7.8%) 1.00 17,186
2023-12-01 $415,000 (3.8%) $592,698 (8.7%) 1.01 16,442
Atlanta's median listing price for 2023-12-01 was $415,000, a difference of $15,100 (3.8%) versus the prior year and $-5,000 versus the prior month.

Atlanta's median listing price comes in at 101% of the national average.

Atlanta's average listing price for 2023-12-01 was $592,698, a difference of $47,601 (8.7%) versus the prior year and $-909 versus the prior month.

For the 2023-12-01 period, Atlanta had 16,442 MLS listings, a difference of -744 listings (-4%) versus the prior month and -611 listings (-4%) 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 2,582 sqft
2018-02-01 62 days 2,609 sqft
2018-03-01 47 days 2,649 sqft
2018-04-01 46 days 2,708 sqft
2018-05-01 45 days 2,703 sqft
2018-06-01 47 days 2,680 sqft
2018-07-01 48 days 2,631 sqft
2018-08-01 51 days 2,605 sqft
2018-09-01 53 days 2,589 sqft
2018-10-01 57 days 2,550 sqft
2018-11-01 58 days 2,546 sqft
2018-12-01 65 days 2,524 sqft
2019-01-01 70 days 2,489 sqft
2019-02-01 59 days 2,484 sqft
2019-03-01 49 days 2,523 sqft
2019-04-01 47 days 2,561 sqft
2019-05-01 49 days 2,600 sqft
2019-06-01 52 days 2,580 sqft
2019-07-01 55 days 2,538 sqft
2019-08-01 55 days 2,513 sqft
2019-09-01 57 days 2,487 sqft
2019-10-01 58 days 2,463 sqft
2019-11-01 61 days 2,443 sqft
2019-12-01 72 days 2,414 sqft
2020-01-01 72 days 2,406 sqft
2020-02-01 61 days 2,422 sqft
2020-03-01 51 days 2,429 sqft
2020-04-01 52 days 2,404 sqft
2020-05-01 58 days 2,410 sqft
2020-06-01 56 days 2,427 sqft
2020-07-01 58 days 2,427 sqft
2020-08-01 57 days 2,406 sqft
2020-09-01 53 days 2,352 sqft
2020-10-01 53 days 2,317 sqft
2020-11-01 56 days 2,270 sqft
2020-12-01 62 days 2,229 sqft
2021-01-01 58 days 2,211 sqft
2021-02-01 44 days 2,197 sqft
2021-03-01 39 days 2,206 sqft
2021-04-01 36 days 2,247 sqft
2021-05-01 35 days 2,244 sqft
2021-06-01 34 days 2,259 sqft
2021-07-01 33 days 2,248 sqft
2021-08-01 38 days 2,229 sqft
2021-09-01 42 days 2,209 sqft
2021-10-01 44 days 2,178 sqft
2021-11-01 43 days 2,182 sqft
2021-12-01 48 days 2,160 sqft
2022-01-01 52 days 2,133 sqft
2022-02-01 36 days 2,120 sqft
2022-03-01 33 days 2,121 sqft
2022-04-01 32 days 2,186 sqft
2022-05-01 30 days 2,240 sqft
2022-06-01 27 days 2,314 sqft
2022-07-01 29 days 2,300 sqft
2022-08-01 36 days 2,279 sqft
2022-09-01 41 days 2,269 sqft
2022-10-01 44 days 2,250 sqft
2022-11-01 49 days 2,232 sqft
2022-12-01 59 days 2,200 sqft
2023-01-01 66 days 2,192 sqft
2023-02-01 51 days 2,189 sqft
2023-03-01 46 days 2,220 sqft
2023-04-01 43 days 2,248 sqft
2023-05-01 40 days 2,282 sqft
2023-06-01 39 days 2,307 sqft
2023-07-01 40 days 2,285 sqft
2023-08-01 41 days 2,273 sqft
2023-09-01 43 days 2,250 sqft
2023-10-01 43 days 2,237 sqft
2023-11-01 45 days 2,212 sqft
2023-12-01 53 days 2,200 sqft
Atlanta's median listing age (time on market) for 2023-12-01 was 53 days. This is -10% shorter than the same period one year ago.

Atlanta's median square footage for active listings during the 2023-12-01 period was 2,200 sqft. One year prior, the average listing was 2,200 sqft.