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 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 6.8% for the week of 2024-06-14, compared to the national average (all USDA variants) of 6.709% for the same period.

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

The average rate for the prior week (2024-06-07) was 6.5% and one month ago for the week of 2024-05-10, the average rate was 6.88%.

The average rate one year ago was 6.34%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.58%.

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
Atlanta's median listing price for 2024-05-01 was $423,950, a difference of $-6,158 (-1.4%) versus the prior year and $8,950 versus the prior month.

Atlanta's median listing price comes in at 96% of the national average.

Atlanta's average listing price for 2024-05-01 was $614,872, a difference of $6,360 (1.1%) versus the prior year and $9,571 versus the prior month.

For the 2024-05-01 period, Atlanta had 18,865 MLS listings, a difference of 1,396 listings (8%) versus the prior month and 6,629 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 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 2,162 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
Atlanta's median listing age (time on market) for 2024-05-01 was 37 days. This is -9% shorter than the same period one year ago.

Atlanta's median square footage for active listings during the 2024-05-01 period was 2,187 sqft. One year prior, the average listing was 2,279 sqft.