Auburn USDA Loan Rates, Closing Costs & Stats

AUBURN-OPELIKA, AL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Auburn's 9 lenders originated 17 USDA loans during 2023. The total origination value was $3,325,000, with an average USDA loan value of $195,588.

    Auburn USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Auburn averaged 6.96% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Auburn's average USDA mortgage closing costs are $4,695.

    The average rate for the prior week (2024-04-12) was 6.41% and one month ago for the week of 2024-03-15, the average rate was 6.4%.

    The average rate one year ago was 6.13%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.11%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Auburn 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 Auburn level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 7 6.58% $5,787
    CMG MORTGAGE, INC. 2 6.50% $6,900
    Synovus Bank 2 6.25% $5,861
    Ameris Bank 1 5.75% $7,346
    Plains Commerce Bank 1 6.25% $7,828
    Regions Bank 1 6.75% $5,600
    MOVEMENT MORTGAGE, LLC 1 5.75% $6,833
    GUILD MORTGAGE COMPANY 1 7.13% $7,644
    Mortgage Research Center, LLC 1 5.25% $2,422

    The top Auburn USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 7 USDA loans originated. Their average total fees are $5,787, which is $1,113 lower than the next largest lender, CMG MORTGAGE, INC..

    The lowest fee Auburn USDA lenders (with over 10 loans originated) are .

    The lowest rate Auburn USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Auburn (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 $277,389 (22.6%) $309,844 (14.2%) 1.03 661
    2018-02-01 $279,089 (17.2%) $308,890 (9.2%) 1.01 700
    2018-03-01 $272,500 (9.0%) $302,835 (4.5%) 0.96 739
    2018-04-01 $282,300 (9.0%) $313,185 (6.3%) 0.96 730
    2018-05-01 $289,450 (9.5%) $327,641 (9.6%) 0.97 726
    2018-06-01 $289,000 (9.7%) $329,271 (10.1%) 0.96 766
    2018-07-01 $286,951 (6.3%) $329,073 (6.7%) 0.96 793
    2018-08-01 $279,900 (3.7%) $323,502 (3.7%) 0.94 824
    2018-09-01 $279,950 (4.1%) $324,090 (4.1%) 0.94 805
    2018-10-01 $283,909 (5.2%) $324,590 (5.0%) 0.96 782
    2018-11-01 $286,354 (4.9%) $320,121 (2.4%) 0.97 761
    2018-12-01 $286,000 (4.0%) $314,097 (-0.1%) 0.99 761
    2019-01-01 $284,900 (2.7%) $313,635 (1.2%) 0.98 743
    2019-02-01 $285,144 (2.2%) $317,622 (2.8%) 0.96 770
    2019-03-01 $291,034 (6.8%) $322,458 (6.5%) 0.95 806
    2019-04-01 $297,925 (5.5%) $327,515 (4.6%) 0.95 836
    2019-05-01 $295,000 (1.9%) $326,328 (-0.4%) 0.92 851
    2019-06-01 $292,622 (1.3%) $322,269 (-2.1%) 0.91 863
    2019-07-01 $292,033 (1.8%) $325,454 (-1.1%) 0.91 845
    2019-08-01 $290,980 (4.0%) $326,061 (0.8%) 0.92 830
    2019-09-01 $286,201 (2.2%) $324,271 (0.1%) 0.92 808
    2019-10-01 $284,023 (0.0%) $323,489 (-0.3%) 0.92 789
    2019-11-01 $284,000 (-0.8%) $321,346 (0.4%) 0.93 781
    2019-12-01 $285,500 (-0.2%) $323,953 (3.1%) 0.95 748
    2020-01-01 $284,900 (0.0%) $321,674 (2.6%) 0.95 719
    2020-02-01 $280,326 (-1.7%) $320,164 (0.8%) 0.92 746
    2020-03-01 $284,925 (-2.1%) $319,980 (-0.8%) 0.89 768
    2020-04-01 $289,796 (-2.7%) $321,464 (-1.9%) 0.91 801
    2020-05-01 $293,000 (-0.7%) $324,117 (-0.7%) 0.89 764
    2020-06-01 $299,000 (2.2%) $341,230 (5.9%) 0.88 730
    2020-07-01 $297,066 (1.7%) $340,996 (4.8%) 0.86 699
    2020-08-01 $299,000 (2.8%) $338,049 (3.7%) 0.86 671
    2020-09-01 $299,000 (4.5%) $341,875 (5.4%) 0.86 664
    2020-10-01 $308,250 (8.5%) $351,272 (8.6%) 0.88 630
    2020-11-01 $312,400 (10.0%) $360,274 (12.1%) 0.91 596
    2020-12-01 $309,900 (8.6%) $367,360 (13.4%) 0.92 544
    2021-01-01 $312,900 (9.8%) $374,746 (16.5%) 0.93 496
    2021-02-01 $318,795 (13.7%) $380,759 (18.9%) 0.93 489
    2021-03-01 $319,900 (12.3%) $377,270 (17.9%) 0.91 488
    2021-04-01 $327,350 (13.0%) $386,252 (20.2%) 0.89 476
    2021-05-01 $335,716 (14.6%) $406,787 (25.5%) 0.89 408
    2021-06-01 $357,644 (19.6%) $413,142 (21.1%) 0.94 405
    2021-07-01 $343,600 (15.7%) $406,813 (19.3%) 0.91 424
    2021-08-01 $344,325 (15.2%) $402,843 (19.2%) 0.92 492
    2021-09-01 $345,308 (15.5%) $400,096 (17.0%) 0.92 456
    2021-10-01 $342,600 (11.1%) $409,143 (16.5%) 0.91 429
    2021-11-01 $349,923 (12.0%) $407,895 (13.2%) 0.94 382
    2021-12-01 $356,759 (15.1%) $415,147 (13.0%) 0.97 344
    2022-01-01 $359,000 (14.7%) $417,846 (11.5%) 0.97 325
    2022-02-01 $354,500 (11.2%) $415,295 (9.1%) 0.92 319
    2022-03-01 $368,436 (15.2%) $417,505 (10.7%) 0.92 332
    2022-04-01 $375,000 (14.6%) $422,885 (9.5%) 0.89 350
    2022-05-01 $373,200 (11.2%) $429,122 (5.5%) 0.85 377
    2022-06-01 $386,965 (8.2%) $444,726 (7.6%) 0.86 452
    2022-07-01 $383,000 (11.5%) $448,048 (10.1%) 0.86 502
    2022-08-01 $383,559 (11.4%) $440,996 (9.5%) 0.89 497
    2022-09-01 $380,731 (10.3%) $439,382 (9.8%) 0.89 494
    2022-10-01 $375,950 (9.7%) $430,441 (5.2%) 0.88 542
    2022-11-01 $374,500 (7.0%) $430,196 (5.5%) 0.90 549
    2022-12-01 $379,900 (6.5%) $442,823 (6.7%) 0.94 498
    2023-01-01 $380,000 (5.9%) $440,928 (5.5%) 0.94 494
    2023-02-01 $380,450 (7.3%) $437,943 (5.5%) 0.92 477
    2023-03-01 $382,450 (3.8%) $443,857 (6.3%) 0.90 474
    2023-04-01 $389,900 (4.0%) $455,985 (7.8%) 0.91 491
    2023-05-01 $395,225 (5.9%) $463,158 (7.9%) 0.90 538
    2023-06-01 $391,940 (1.3%) $466,818 (5.0%) 0.88 590
    2023-07-01 $399,000 (4.2%) $471,499 (5.2%) 0.91 604
    2023-08-01 $402,450 (4.9%) $470,482 (6.7%) 0.92 612
    2023-09-01 $403,147 (5.9%) $473,704 (7.8%) 0.94 600
    2023-10-01 $405,895 (8.0%) $500,140 (16.2%) 0.96 611
    2023-11-01 $395,725 (5.7%) $494,798 (15.0%) 0.94 626
    2023-12-01 $389,900 (2.6%) $484,490 (9.4%) 0.95 609
    2024-01-01 $394,680 (3.9%) $484,784 (10.0%) 0.96 614
    2024-02-01 $394,928 (3.8%) $484,357 (10.6%) 0.95 615
    2024-03-01 $392,650 (2.7%) $485,266 (9.3%) 0.92 629
    Auburn's median listing price for 2024-03-01 was $392,650, a difference of $10,200 (2.7%) versus the prior year and $-2,278 versus the prior month.

    Auburn's median listing price comes in at 92% of the national average.

    Auburn's average listing price for 2024-03-01 was $485,266, a difference of $41,409 (9.3%) versus the prior year and $909 versus the prior month.

    For the 2024-03-01 period, Auburn had 629 MLS listings, a difference of 14 listings (2%) versus the prior month and 155 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Auburn (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 80 days 2,408 sqft
    2018-02-01 64 days 2,424 sqft
    2018-03-01 58 days 2,406 sqft
    2018-04-01 54 days 2,420 sqft
    2018-05-01 56 days 2,446 sqft
    2018-06-01 61 days 2,440 sqft
    2018-07-01 66 days 2,471 sqft
    2018-08-01 64 days 2,446 sqft
    2018-09-01 71 days 2,449 sqft
    2018-10-01 85 days 2,472 sqft
    2018-11-01 95 days 2,420 sqft
    2018-12-01 94 days 2,380 sqft
    2019-01-01 89 days 2,358 sqft
    2019-02-01 77 days 2,357 sqft
    2019-03-01 62 days 2,379 sqft
    2019-04-01 56 days 2,390 sqft
    2019-05-01 59 days 2,406 sqft
    2019-06-01 62 days 2,366 sqft
    2019-07-01 67 days 2,394 sqft
    2019-08-01 71 days 2,405 sqft
    2019-09-01 77 days 2,402 sqft
    2019-10-01 83 days 2,403 sqft
    2019-11-01 82 days 2,406 sqft
    2019-12-01 88 days 2,406 sqft
    2020-01-01 90 days 2,389 sqft
    2020-02-01 80 days 2,326 sqft
    2020-03-01 55 days 2,306 sqft
    2020-04-01 64 days 2,312 sqft
    2020-05-01 74 days 2,319 sqft
    2020-06-01 69 days 2,350 sqft
    2020-07-01 59 days 2,303 sqft
    2020-08-01 60 days 2,290 sqft
    2020-09-01 61 days 2,276 sqft
    2020-10-01 67 days 2,332 sqft
    2020-11-01 74 days 2,319 sqft
    2020-12-01 83 days 2,300 sqft
    2021-01-01 77 days 2,261 sqft
    2021-02-01 51 days 2,238 sqft
    2021-03-01 40 days 2,225 sqft
    2021-04-01 50 days 2,239 sqft
    2021-05-01 36 days 2,237 sqft
    2021-06-01 37 days 2,267 sqft
    2021-07-01 37 days 2,238 sqft
    2021-08-01 34 days 2,189 sqft
    2021-09-01 40 days 2,165 sqft
    2021-10-01 52 days 2,181 sqft
    2021-11-01 53 days 2,181 sqft
    2021-12-01 54 days 2,228 sqft
    2022-01-01 56 days 2,249 sqft
    2022-02-01 38 days 2,234 sqft
    2022-03-01 33 days 2,277 sqft
    2022-04-01 31 days 2,279 sqft
    2022-05-01 33 days 2,281 sqft
    2022-06-01 31 days 2,288 sqft
    2022-07-01 39 days 2,300 sqft
    2022-08-01 57 days 2,293 sqft
    2022-09-01 59 days 2,300 sqft
    2022-10-01 59 days 2,311 sqft
    2022-11-01 58 days 2,324 sqft
    2022-12-01 75 days 2,354 sqft
    2023-01-01 84 days 2,346 sqft
    2023-02-01 65 days 2,277 sqft
    2023-03-01 57 days 2,238 sqft
    2023-04-01 52 days 2,254 sqft
    2023-05-01 46 days 2,316 sqft
    2023-06-01 46 days 2,288 sqft
    2023-07-01 51 days 2,300 sqft
    2023-08-01 55 days 2,330 sqft
    2023-09-01 63 days 2,304 sqft
    2023-10-01 65 days 2,352 sqft
    2023-11-01 65 days 2,251 sqft
    2023-12-01 71 days 2,200 sqft
    2024-01-01 77 days 2,229 sqft
    2024-02-01 68 days 2,203 sqft
    2024-03-01 60 days 2,213 sqft
    Auburn's median listing age (time on market) for 2024-03-01 was 60 days. This is 6% longer than the same period one year ago.

    Auburn's median square footage for active listings during the 2024-03-01 period was 2,213 sqft. One year prior, the average listing was 2,238 sqft.