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 6.39% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

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

The average rate for the prior week (2023-05-19) was 6.33% and one month ago for the week of 2023-04-21, the average rate was 5.94%.

The average rate one year ago was 4.96%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.32%.

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 $302,500 (12.3%) $421,191 (8.5%) 1.12 21,595
2018-02-01 $311,900 (13.2%) $430,962 (7.8%) 1.13 20,996
2018-03-01 $324,815 (14.6%) $443,036 (7.2%) 1.14 21,476
2018-04-01 $336,883 (12.9%) $460,539 (8.8%) 1.14 22,027
2018-05-01 $339,450 (13.2%) $460,893 (8.3%) 1.13 22,849
2018-06-01 $339,900 (13.3%) $458,975 (8.6%) 1.13 23,823
2018-07-01 $329,792 (10.5%) $443,449 (7.3%) 1.10 25,494
2018-08-01 $325,000 (10.2%) $442,694 (7.7%) 1.09 25,883
2018-09-01 $324,348 (9.6%) $432,447 (5.8%) 1.09 26,306
2018-10-01 $315,748 (6.3%) $430,111 (4.4%) 1.07 28,359
2018-11-01 $315,350 (5.6%) $434,424 (5.1%) 1.07 28,029
2018-12-01 $313,482 (4.5%) $432,051 (4.1%) 1.08 27,130
2019-01-01 $309,900 (2.5%) $428,642 (1.8%) 1.07 25,482
2019-02-01 $319,450 (2.4%) $440,069 (2.1%) 1.08 25,215
2019-03-01 $319,900 (-1.5%) $433,210 (-2.2%) 1.07 27,345
2019-04-01 $325,000 (-3.5%) $437,672 (-5.0%) 1.03 28,309
2019-05-01 $329,900 (-2.8%) $441,703 (-4.2%) 1.03 29,102
2019-06-01 $325,000 (-4.4%) $437,906 (-4.6%) 1.02 29,612
2019-07-01 $324,945 (-1.5%) $432,838 (-2.4%) 1.02 30,411
2019-08-01 $325,000 (0.0%) $431,513 (-2.5%) 1.02 29,764
2019-09-01 $324,868 (0.2%) $430,870 (-0.4%) 1.02 27,645
2019-10-01 $318,500 (0.9%) $422,924 (-1.7%) 1.03 28,518
2019-11-01 $322,000 (2.1%) $431,986 (-0.6%) 1.06 26,123
2019-12-01 $318,138 (1.5%) $430,252 (-0.4%) 1.06 24,346
2020-01-01 $316,745 (2.2%) $429,708 (0.3%) 1.06 22,408
2020-02-01 $320,000 (0.2%) $438,333 (-0.4%) 1.05 21,483
2020-03-01 $329,450 (3.0%) $447,159 (3.2%) 1.03 21,532
2020-04-01 $325,000 (0.0%) $438,763 (0.3%) 1.02 23,442
2020-05-01 $334,900 (1.5%) $451,906 (2.3%) 1.02 23,110
2020-06-01 $345,450 (6.3%) $467,669 (6.8%) 1.02 20,975
2020-07-01 $349,950 (7.7%) $482,068 (11.4%) 1.01 18,878
2020-08-01 $350,000 (7.7%) $486,746 (12.8%) 1.00 17,542
2020-09-01 $351,019 (8.1%) $492,500 (14.3%) 1.01 16,262
2020-10-01 $353,968 (11.1%) $498,954 (18.0%) 1.01 15,854
2020-11-01 $350,858 (9.0%) $503,703 (16.6%) 1.03 14,447
2020-12-01 $349,950 (10.0%) $500,998 (16.4%) 1.04 12,883
2021-01-01 $350,000 (10.5%) $509,465 (18.6%) 1.04 11,157
2021-02-01 $359,900 (12.5%) $526,918 (20.2%) 1.05 9,430
2021-03-01 $366,900 (11.4%) $534,957 (19.6%) 1.04 8,992
2021-04-01 $382,500 (17.7%) $549,817 (25.3%) 1.04 8,979
2021-05-01 $389,900 (16.4%) $565,458 (25.1%) 1.04 9,127
2021-06-01 $394,900 (14.3%) $557,693 (19.3%) 1.04 9,960
2021-07-01 $399,900 (14.3%) $564,165 (17.0%) 1.06 11,271
2021-08-01 $395,350 (13.0%) $552,265 (13.5%) 1.05 11,644
2021-09-01 $396,750 (13.0%) $552,536 (12.2%) 1.06 11,687
2021-10-01 $393,900 (11.3%) $549,472 (10.1%) 1.05 11,322
2021-11-01 $394,995 (12.6%) $550,149 (9.2%) 1.06 11,070
2021-12-01 $390,000 (11.4%) $549,678 (9.7%) 1.06 10,498
2022-01-01 $389,900 (11.4%) $555,811 (9.1%) 1.05 8,664
2022-02-01 $391,495 (8.8%) $576,574 (9.4%) 1.02 7,773
2022-03-01 $399,450 (8.9%) $576,317 (7.7%) 1.00 7,810
2022-04-01 $415,000 (8.5%) $595,112 (8.2%) 0.99 8,140
2022-05-01 $429,950 (10.3%) $607,096 (7.4%) 0.98 10,019
2022-06-01 $449,000 (13.7%) $617,596 (10.7%) 1.00 12,122
2022-07-01 $439,000 (9.8%) $595,969 (5.6%) 0.99 15,519
2022-08-01 $425,000 (7.5%) $580,982 (5.2%) 0.98 16,821
2022-09-01 $419,945 (5.9%) $566,281 (2.5%) 0.98 17,126
2022-10-01 $413,500 (5.0%) $553,501 (0.7%) 0.97 18,156
2022-11-01 $402,995 (2.0%) $550,383 (0.0%) 0.97 18,191
2022-12-01 $399,900 (2.5%) $544,372 (-1.0%) 0.99 17,015
2023-01-01 $399,900 (2.6%) $550,276 (-1.0%) 0.99 15,108
2023-02-01 $399,945 (2.2%) $560,562 (-2.8%) 0.96 14,034
2023-03-01 $409,519 (2.5%) $574,537 (-0.3%) 0.96 13,278
2023-04-01 $425,000 (2.4%) $605,128 (1.7%) 0.99 12,507
Atlanta's median listing price for 2023-04-01 was $425,000, a difference of $10,000 (2.4%) versus the prior year and $15,481 versus the prior month.

Atlanta's median listing price comes in at 99% of the national average.

Atlanta's average listing price for 2023-04-01 was $605,128, a difference of $10,016 (1.7%) versus the prior year and $30,591 versus the prior month.

For the 2023-04-01 period, Atlanta had 12,507 MLS listings, a difference of -771 listings (-6%) versus the prior month and 4,367 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 74 days 2,578 sqft
2018-02-01 65 days 2,602 sqft
2018-03-01 49 days 2,641 sqft
2018-04-01 47 days 2,705 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 2,596 sqft
2018-09-01 54 days 2,584 sqft
2018-10-01 58 days 2,541 sqft
2018-11-01 59 days 2,539 sqft
2018-12-01 67 days 2,516 sqft
2019-01-01 72 days 2,481 sqft
2019-02-01 63 days 2,472 sqft
2019-03-01 54 days 2,512 sqft
2019-04-01 51 days 2,554 sqft
2019-05-01 52 days 2,589 sqft
2019-06-01 54 days 2,571 sqft
2019-07-01 58 days 2,533 sqft
2019-08-01 64 days 2,540 sqft
2019-09-01 67 days 2,537 sqft
2019-10-01 61 days 2,461 sqft
2019-11-01 64 days 2,440 sqft
2019-12-01 73 days 2,411 sqft
2020-01-01 73 days 2,405 sqft
2020-02-01 64 days 2,417 sqft
2020-03-01 52 days 2,426 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 2,424 sqft
2020-08-01 59 days 2,404 sqft
2020-09-01 56 days 2,347 sqft
2020-10-01 54 days 2,310 sqft
2020-11-01 58 days 2,265 sqft
2020-12-01 64 days 2,224 sqft
2021-01-01 60 days 2,206 sqft
2021-02-01 46 days 2,187 sqft
2021-03-01 40 days 2,199 sqft
2021-04-01 37 days 2,245 sqft
2021-05-01 36 days 2,236 sqft
2021-06-01 35 days 2,254 sqft
2021-07-01 35 days 2,240 sqft
2021-08-01 39 days 2,224 sqft
2021-09-01 43 days 2,202 sqft
2021-10-01 46 days 2,171 sqft
2021-11-01 44 days 2,174 sqft
2021-12-01 49 days 2,153 sqft
2022-01-01 52 days 2,130 sqft
2022-02-01 37 days 2,113 sqft
2022-03-01 34 days 2,113 sqft
2022-04-01 32 days 2,180 sqft
2022-05-01 30 days 2,237 sqft
2022-06-01 27 days 2,309 sqft
2022-07-01 30 days 2,300 sqft
2022-08-01 37 days 2,274 sqft
2022-09-01 42 days 2,265 sqft
2022-10-01 45 days 2,249 sqft
2022-11-01 50 days 2,231 sqft
2022-12-01 60 days 2,200 sqft
2023-01-01 66 days 2,187 sqft
2023-02-01 52 days 2,183 sqft
2023-03-01 47 days 2,213 sqft
2023-04-01 45 days 2,257 sqft
Atlanta's median listing age (time on market) for 2023-04-01 was 45 days. This is 41% longer than the same period one year ago.

Atlanta's median square footage for active listings during the 2023-04-01 period was 2,257 sqft. One year prior, the average listing was 2,180 sqft.