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 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
6.58%
for the week of 2022-12-02, compared to the national average (all USDA variants) of
6.437% for the same period.
Atlanta's average USDA mortgage closing costs are $4,957.
The average rate for the prior week (2022-11-25) was
6.51% and
one month ago for the week of 2022-10-28, the
average rate was 6.88%.
The average rate one year ago was 3.48%.
For refis of the same type during the week of 2022-12-02, the average rate
was 6.03%.
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.
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 | $302,500 (12.3%) | $421,170 (8.5%) | 1.12 | 21,597 |
| 2018-02-01 | $311,900 (13.2%) | $430,938 (7.8%) | 1.13 | 21,000 |
| 2018-03-01 | $324,745 (14.5%) | $443,014 (7.2%) | 1.14 | 21,478 |
| 2018-04-01 | $336,891 (12.9%) | $460,516 (8.8%) | 1.14 | 22,029 |
| 2018-05-01 | $339,450 (13.2%) | $460,855 (8.3%) | 1.13 | 22,852 |
| 2018-06-01 | $339,900 (13.3%) | $458,921 (8.6%) | 1.13 | 23,825 |
| 2018-07-01 | $329,763 (10.5%) | $443,391 (7.3%) | 1.10 | 25,497 |
| 2018-08-01 | $325,000 (10.2%) | $442,632 (7.7%) | 1.09 | 25,887 |
| 2018-09-01 | $324,345 (9.6%) | $432,388 (5.8%) | 1.09 | 26,313 |
| 2018-10-01 | $315,750 (6.3%) | $430,072 (4.4%) | 1.07 | 28,366 |
| 2018-11-01 | $315,350 (5.6%) | $434,382 (5.1%) | 1.07 | 28,035 |
| 2018-12-01 | $313,491 (4.5%) | $432,009 (4.1%) | 1.08 | 27,137 |
| 2019-01-01 | $309,900 (2.5%) | $428,601 (1.8%) | 1.07 | 25,489 |
| 2019-02-01 | $319,450 (2.4%) | $440,012 (2.1%) | 1.08 | 25,223 |
| 2019-03-01 | $322,143 (-0.8%) | $440,937 (-0.5%) | 1.05 | 26,424 |
| 2019-04-01 | $325,000 (-3.5%) | $438,116 (-4.9%) | 1.03 | 28,337 |
| 2019-05-01 | $329,900 (-2.8%) | $441,563 (-4.2%) | 1.03 | 29,154 |
| 2019-06-01 | $325,000 (-4.4%) | $437,744 (-4.6%) | 1.02 | 29,673 |
| 2019-07-01 | $324,945 (-1.5%) | $432,652 (-2.4%) | 1.02 | 30,477 |
| 2019-08-01 | $320,182 (-1.5%) | $423,075 (-4.4%) | 1.01 | 30,571 |
| 2019-09-01 | $314,455 (-3.1%) | $416,908 (-3.6%) | 1.01 | 30,308 |
| 2019-10-01 | $317,636 (0.6%) | $422,425 (-1.8%) | 1.02 | 28,728 |
| 2019-11-01 | $322,000 (2.1%) | $431,664 (-0.6%) | 1.06 | 26,205 |
| 2019-12-01 | $317,706 (1.3%) | $429,944 (-0.5%) | 1.06 | 24,429 |
| 2020-01-01 | $316,668 (2.2%) | $429,381 (0.2%) | 1.06 | 22,496 |
| 2020-02-01 | $320,000 (0.2%) | $437,929 (-0.5%) | 1.05 | 21,572 |
| 2020-03-01 | $329,423 (2.3%) | $446,748 (1.3%) | 1.03 | 21,626 |
| 2020-04-01 | $325,000 (0.0%) | $438,435 (0.1%) | 1.02 | 23,535 |
| 2020-05-01 | $334,900 (1.5%) | $451,524 (2.3%) | 1.02 | 23,202 |
| 2020-06-01 | $345,375 (6.3%) | $467,182 (6.7%) | 1.02 | 21,068 |
| 2020-07-01 | $349,950 (7.7%) | $481,508 (11.3%) | 1.01 | 18,968 |
| 2020-08-01 | $350,000 (9.3%) | $486,132 (14.9%) | 1.00 | 17,633 |
| 2020-09-01 | $350,415 (11.4%) | $491,842 (18.0%) | 1.00 | 16,347 |
| 2020-10-01 | $353,900 (11.4%) | $498,227 (17.9%) | 1.01 | 15,943 |
| 2020-11-01 | $350,363 (8.8%) | $502,850 (16.5%) | 1.02 | 14,534 |
| 2020-12-01 | $349,950 (10.2%) | $500,012 (16.3%) | 1.04 | 12,977 |
| 2021-01-01 | $350,000 (10.5%) | $508,290 (18.4%) | 1.04 | 11,249 |
| 2021-02-01 | $359,900 (12.5%) | $525,416 (20.0%) | 1.05 | 9,524 |
| 2021-03-01 | $365,683 (11.0%) | $533,345 (19.4%) | 1.04 | 9,083 |
| 2021-04-01 | $382,450 (17.7%) | $548,092 (25.0%) | 1.04 | 9,067 |
| 2021-05-01 | $389,000 (16.2%) | $563,598 (24.8%) | 1.03 | 9,213 |
| 2021-06-01 | $392,206 (13.6%) | $556,102 (19.0%) | 1.03 | 10,046 |
| 2021-07-01 | $399,000 (14.0%) | $562,644 (16.9%) | 1.05 | 11,354 |
| 2021-08-01 | $395,000 (12.9%) | $551,370 (13.4%) | 1.05 | 11,726 |
| 2021-09-01 | $395,584 (12.9%) | $551,809 (12.2%) | 1.05 | 11,756 |
| 2021-10-01 | $393,000 (11.1%) | $548,641 (10.1%) | 1.05 | 11,402 |
| 2021-11-01 | $394,750 (12.7%) | $548,896 (9.2%) | 1.05 | 11,149 |
| 2021-12-01 | $389,950 (11.4%) | $548,327 (9.7%) | 1.06 | 10,577 |
| 2022-01-01 | $389,000 (11.1%) | $556,007 (9.4%) | 1.05 | 8,744 |
| 2022-02-01 | $390,188 (8.4%) | $574,493 (9.3%) | 1.01 | 7,861 |
| 2022-03-01 | $398,750 (9.0%) | $574,290 (7.7%) | 1.00 | 7,894 |
| 2022-04-01 | $414,900 (8.5%) | $592,950 (8.2%) | 0.99 | 8,228 |
| 2022-05-01 | $429,589 (10.4%) | $605,385 (7.4%) | 0.98 | 10,103 |
| 2022-06-01 | $448,225 (14.3%) | $615,928 (10.8%) | 1.00 | 12,207 |
| 2022-07-01 | $436,714 (9.5%) | $594,634 (5.7%) | 0.99 | 15,604 |
| 2022-08-01 | $425,000 (7.6%) | $579,830 (5.2%) | 0.98 | 16,905 |
| 2022-09-01 | $419,900 (6.2%) | $565,208 (2.4%) | 0.98 | 17,216 |
| 2022-10-01 | $412,000 (4.8%) | $552,551 (0.7%) | 0.97 | 18,246 |
| 2022-11-01 | $401,838 (1.8%) | $549,468 (0.1%) | 0.97 | 18,281 |
Atlanta's median listing price comes in at 97% of the national average.
Atlanta's average listing price for 2022-11-01 was $549,468, a difference of $572 (0.1%) versus the prior year and $-3,083 versus the prior month.
For the 2022-11-01 period, Atlanta had 18,281 MLS listings, a difference of 35 listings (0%) versus the prior month and 7,132 listings (64%) 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 | 2,576 sqft |
| 2018-02-01 | 65 days | 2,601 sqft |
| 2018-03-01 | 49 days | 2,641 sqft |
| 2018-04-01 | 47 days | 2,706 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 | 2,597 sqft |
| 2018-09-01 | 54 days | 2,580 sqft |
| 2018-10-01 | 58 days | 2,537 sqft |
| 2018-11-01 | 59 days | 2,536 sqft |
| 2018-12-01 | 67 days | 2,510 sqft |
| 2019-01-01 | 72 days | 2,477 sqft |
| 2019-02-01 | 63 days | 2,469 sqft |
| 2019-03-01 | 52 days | 2,510 sqft |
| 2019-04-01 | 50 days | 2,549 sqft |
| 2019-05-01 | 52 days | 2,584 sqft |
| 2019-06-01 | 54 days | 2,566 sqft |
| 2019-07-01 | 58 days | 2,531 sqft |
| 2019-08-01 | 58 days | 2,507 sqft |
| 2019-09-01 | 60 days | 2,482 sqft |
| 2019-10-01 | 61 days | 2,458 sqft |
| 2019-11-01 | 64 days | 2,438 sqft |
| 2019-12-01 | 74 days | 2,410 sqft |
| 2020-01-01 | 74 days | 2,404 sqft |
| 2020-02-01 | 64 days | 2,414 sqft |
| 2020-03-01 | 53 days | 2,422 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 | 2,423 sqft |
| 2020-08-01 | 59 days | 2,404 sqft |
| 2020-09-01 | 57 days | 2,345 sqft |
| 2020-10-01 | 55 days | 2,309 sqft |
| 2020-11-01 | 59 days | 2,263 sqft |
| 2020-12-01 | 64 days | 2,224 sqft |
| 2021-01-01 | 61 days | 2,206 sqft |
| 2021-02-01 | 47 days | 2,185 sqft |
| 2021-03-01 | 41 days | 2,198 sqft |
| 2021-04-01 | 37 days | 2,245 sqft |
| 2021-05-01 | 36 days | 2,239 sqft |
| 2021-06-01 | 36 days | 2,252 sqft |
| 2021-07-01 | 36 days | 2,240 sqft |
| 2021-08-01 | 39 days | 2,224 sqft |
| 2021-09-01 | 44 days | 2,203 sqft |
| 2021-10-01 | 46 days | 2,174 sqft |
| 2021-11-01 | 44 days | 2,177 sqft |
| 2021-12-01 | 49 days | 2,158 sqft |
| 2022-01-01 | 53 days | 2,136 sqft |
| 2022-02-01 | 37 days | 2,117 sqft |
| 2022-03-01 | 34 days | 2,115 sqft |
| 2022-04-01 | 32 days | 2,184 sqft |
| 2022-05-01 | 31 days | 2,238 sqft |
| 2022-06-01 | 27 days | 2,308 sqft |
| 2022-07-01 | 30 days | 2,300 sqft |
| 2022-08-01 | 37 days | 2,275 sqft |
| 2022-09-01 | 43 days | 2,266 sqft |
| 2022-10-01 | 45 days | 2,250 sqft |
| 2022-11-01 | 51 days | 2,231 sqft |
Atlanta's median square footage for active listings during the 2022-11-01 period was 2,231 sqft. One year prior, the average listing was 2,177 sqft.
