Atlanta USDA Loans

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 5.33% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.57% and one month ago for the week of 2022-04-08, the average rate was 5.13%.

The average rate one year ago was 3.24%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.09%.

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 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. Total Fees
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 Bank 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 $306,950 (13.7%) $420,649 (8.4%) 1.13 31,596
2018-02-01 $312,450 (13.7%) $429,864 (8.1%) 1.13 30,862
2018-03-01 $324,900 (15.0%) $439,915 (6.3%) 1.12 31,786
2018-04-01 $337,000 (13.5%) $459,576 (9.2%) 1.13 33,133
2018-05-01 $341,200 (13.8%) $457,395 (8.3%) 1.14 34,798
2018-06-01 $339,900 (13.3%) $450,984 (7.6%) 1.13 36,707
2018-07-01 $330,772 (11.0%) $442,119 (7.8%) 1.10 39,645
2018-08-01 $325,000 (8.4%) $437,679 (6.5%) 1.09 40,355
2018-09-01 $324,900 (8.3%) $428,724 (4.1%) 1.09 40,907
2018-10-01 $319,450 (6.5%) $428,758 (3.5%) 1.07 43,412
2018-11-01 $319,116 (6.4%) $433,446 (4.3%) 1.07 42,799
2018-12-01 $315,000 (5.0%) $430,358 (3.5%) 1.08 41,239
2019-01-01 $313,950 (2.3%) $426,742 (1.5%) 1.08 38,751
2019-02-01 $317,446 (1.6%) $431,742 (0.4%) 1.06 38,408
2019-03-01 $324,237 (-0.2%) $437,858 (-0.5%) 1.06 39,965
2019-04-01 $329,950 (-2.1%) $441,475 (-3.9%) 1.04 42,472
2019-05-01 $337,510 (-1.1%) $445,536 (-2.6%) 1.04 44,114
2019-06-01 $334,900 (-1.5%) $441,204 (-2.2%) 1.03 45,459
2019-07-01 $329,450 (-0.4%) $437,383 (-1.1%) 1.02 46,695
2019-08-01 $323,803 (-0.4%) $428,339 (-2.1%) 1.02 46,404
2019-09-01 $320,000 (-1.5%) $424,767 (-0.9%) 1.02 45,741
2019-10-01 $322,450 (0.9%) $425,889 (-0.7%) 1.03 45,447
2019-11-01 $325,000 (1.8%) $432,609 (-0.2%) 1.05 42,567
2019-12-01 $319,950 (1.6%) $432,699 (0.5%) 1.07 39,610
2020-01-01 $319,450 (1.8%) $428,857 (0.5%) 1.07 36,029
2020-02-01 $324,816 (2.3%) $437,514 (1.3%) 1.05 34,358
2020-03-01 $329,950 (1.8%) $447,343 (2.2%) 1.03 34,219
2020-04-01 $325,450 (-1.4%) $435,520 (-1.4%) 1.01 37,555
2020-05-01 $334,848 (-0.8%) $448,284 (0.6%) 1.01 36,728
2020-06-01 $347,000 (3.6%) $465,635 (5.5%) 1.01 32,950
2020-07-01 $356,508 (8.2%) $487,217 (11.4%) 1.02 29,473
2020-08-01 $365,000 (12.7%) $499,231 (16.6%) 1.04 27,410
2020-09-01 $369,000 (15.3%) $509,326 (19.9%) 1.05 25,550
2020-10-01 $369,000 (14.4%) $512,528 (20.3%) 1.05 24,793
2020-11-01 $359,950 (10.8%) $509,917 (17.9%) 1.03 22,636
2020-12-01 $354,950 (10.9%) $511,310 (18.2%) 1.04 20,061
2021-01-01 $352,000 (10.2%) $509,032 (18.7%) 1.04 17,249
2021-02-01 $361,183 (11.2%) $525,895 (20.2%) 1.04 14,377
2021-03-01 $366,795 (11.2%) $527,725 (18.0%) 1.03 13,694
2021-04-01 $379,950 (16.8%) $538,171 (23.6%) 1.02 13,808
2021-05-01 $389,900 (16.4%) $550,399 (22.8%) 1.03 14,138
2021-06-01 $394,950 (13.8%) $549,503 (18.0%) 1.03 15,605
2021-07-01 $399,900 (12.2%) $561,007 (15.2%) 1.04 17,254
2021-08-01 $396,000 (8.5%) $546,586 (9.5%) 1.04 18,500
2021-09-01 $397,500 (7.7%) $543,834 (6.8%) 1.05 18,409
2021-10-01 $393,900 (6.8%) $541,183 (5.6%) 1.04 18,203
2021-11-01 $393,980 (9.5%) $544,044 (6.7%) 1.04 17,333
2021-12-01 $389,945 (9.9%) $538,092 (5.2%) 1.04 15,990
2022-01-01 $385,900 (9.6%) $545,479 (7.2%) 1.03 13,416
2022-02-01 $389,950 (8.0%) $566,392 (7.7%) 0.99 12,055
2022-03-01 $399,450 (8.9%) $568,445 (7.7%) 0.99 12,135
2022-04-01 $412,000 (8.4%) $588,140 (9.3%) 0.97 12,593
Atlanta's median listing price for 2022-04-01 was $412,000, a difference of $32,050 (8.4%) versus the prior year and $12,550 versus the prior month.

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

Atlanta's average listing price for 2022-04-01 was $588,140, a difference of $49,969 (9.3%) versus the prior year and $19,695 versus the prior month.

For the 2022-04-01 period, Atlanta had 12,593 MLS listings, a difference of 458 listings (4%) versus the prior month and -1,215 listings (-9%) 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 68 days 2,587 sqft
2018-02-01 54 days 2,609 sqft
2018-03-01 43 days 2,650 sqft
2018-04-01 44 days 2,710 sqft
2018-05-01 44 days 2,702 sqft
2018-06-01 45 days 2,678 sqft
2018-07-01 46 days 2,635 sqft
2018-08-01 49 days 2,604 sqft
2018-09-01 51 days 2,580 sqft
2018-10-01 54 days 2,550 sqft
2018-11-01 55 days 2,545 sqft
2018-12-01 64 days 2,529 sqft
2019-01-01 67 days 2,494 sqft
2019-02-01 56 days 2,483 sqft
2019-03-01 49 days 2,531 sqft
2019-04-01 46 days 2,572 sqft
2019-05-01 47 days 2,600 sqft
2019-06-01 49 days 2,588 sqft
2019-07-01 52 days 2,559 sqft
2019-08-01 52 days 2,525 sqft
2019-09-01 56 days 2,498 sqft
2019-10-01 53 days 2,498 sqft
2019-11-01 56 days 2,489 sqft
2019-12-01 64 days 2,457 sqft
2020-01-01 67 days 2,445 sqft
2020-02-01 57 days 2,459 sqft
2020-03-01 49 days 2,478 sqft
2020-04-01 49 days 2,424 sqft
2020-05-01 56 days 2,437 sqft
2020-06-01 52 days 2,458 sqft
2020-07-01 49 days 2,476 sqft
2020-08-01 44 days 2,448 sqft
2020-09-01 42 days 2,397 sqft
2020-10-01 43 days 2,361 sqft
2020-11-01 46 days 2,295 sqft
2020-12-01 52 days 2,250 sqft
2021-01-01 54 days 2,227 sqft
2021-02-01 42 days 2,198 sqft
2021-03-01 38 days 2,206 sqft
2021-04-01 35 days 2,250 sqft
2021-05-01 33 days 2,247 sqft
2021-06-01 33 days 2,271 sqft
2021-07-01 32 days 2,272 sqft
2021-08-01 34 days 2,233 sqft
2021-09-01 36 days 2,216 sqft
2021-10-01 37 days 2,181 sqft
2021-11-01 38 days 2,174 sqft
2021-12-01 43 days 2,143 sqft
2022-01-01 46 days 2,112 sqft
2022-02-01 36 days 2,092 sqft
2022-03-01 33 days 2,094 sqft
2022-04-01 31 days 2,154 sqft
Atlanta's median listing age (time on market) for 2022-04-01 was 31 days. This is -11% shorter than the same period one year ago.

Atlanta's median square footage for active listings during the 2022-04-01 period was 2,154 sqft. One year prior, the average listing was 2,250 sqft.