Atlanta USDA Loans

ATLANTA-SANDY SPRINGS-ALPHARETTA, GA

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    • 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.