Augusta USDA Loan Rates, Closing Costs & Stats

AUGUSTA-RICHMOND COUNTY, GA-SC

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.

Augusta's 32 lenders originated 68 USDA loans during 2023. The total origination value was $14,770,000, with an average USDA loan value of $217,206.

Augusta USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Augusta averaged 6.66% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Augusta's average USDA mortgage closing costs are $5,158.

The average rate for the prior week (2024-04-05) was 6.38% and one month ago for the week of 2024-03-08, the average rate was 6.24%.

The average rate one year ago was 6.05%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.8%.

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

Augusta 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 Augusta level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 12 5.37% $4,754
GUILD MORTGAGE COMPANY 7 6.45% $7,951
CARDINAL FINANCIAL 6 6.29% $6,226
UNITED WHOLESALE MORTGAGE, LLC 5 6.26% $10,477
Synovus Bank 3 6.00% $7,396
Assurance Financial Group, L.L.C. 3 7.04% $7,585
MOVEMENT MORTGAGE, LLC 2 5.56% $9,097
Regions Bank 2 6.75% $6,901
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $8,461
BANKSOUTH MORTGAGE COMPANY, LLC 2 5.81% $7,101
BROKER SOLUTIONS, INC. 2 6.50% $8,525
Magnolia Bank 1 6.38% $10,868
Mortgage Research Center, LLC 1 6.99% $3,237
NEWREZ LLC 1 6.25% $4,491
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $8,467
Queensborough National Bank & Trust Company 1 6.13% $8,527
RESOURCE FINANCIAL SERVICES, INC. 1 7.13% $4,897
Security Federal Bank 1 5.88% $12,587
Truist 1 6.25% $6,808
VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.13% $6,749
ACADEMY MORTGAGE CORPORATION 1 6.88% $12,269
VAN DYK MORTGAGE CORPORATION 1 6.88% $9,277
CMG MORTGAGE, INC. 1 6.25% $12,837
Colony Bank 1 6.13% $10,924
CRESCENT MORTGAGE COMPANY 1 6.13% $6,686
Encompass Lending Group, LP 1 6.75% $8,295
FBC MORTGAGE, LLC 1 5.49% $4,527
FIRST CHOICE MORTGAGE, INC. 1 6.25% $12,837
First Heritage Mortgage, LLC 1 5.99% $5,929
First Palmetto Bank 1 7.49% $6,236
GUARANTEED RATE, INC. 1 6.00% $9,489
HOMESIDE FINANCIAL, LLC 1 6.63% $7,347

The top Augusta USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 12 USDA loans originated. Their average total fees are $4,754, which is $3,197 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Augusta USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($4,754), .

The lowest rate Augusta USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.37%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Augusta (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 $219,000 (9.6%) $273,886 (7.6%) 0.81 2,496
2018-02-01 $221,620 (8.1%) $280,935 (9.3%) 0.80 2,499
2018-03-01 $224,900 (7.6%) $286,253 (9.9%) 0.79 2,443
2018-04-01 $228,450 (8.8%) $289,163 (9.5%) 0.77 2,450
2018-05-01 $230,063 (5.8%) $292,658 (7.7%) 0.77 2,463
2018-06-01 $229,000 (5.9%) $291,560 (6.8%) 0.76 2,443
2018-07-01 $224,950 (4.6%) $287,153 (6.5%) 0.75 2,490
2018-08-01 $219,900 (2.3%) $282,511 (5.0%) 0.74 2,493
2018-09-01 $218,450 (0.7%) $278,832 (3.6%) 0.73 2,563
2018-10-01 $219,250 (2.0%) $275,085 (2.6%) 0.74 2,564
2018-11-01 $218,610 (0.5%) $272,379 (0.0%) 0.74 2,545
2018-12-01 $215,000 (-0.4%) $277,722 (2.1%) 0.74 2,468
2019-01-01 $215,000 (-1.8%) $278,969 (1.9%) 0.74 2,370
2019-02-01 $217,000 (-2.1%) $282,184 (0.4%) 0.73 2,335
2019-03-01 $223,800 (-0.5%) $287,721 (0.5%) 0.73 2,272
2019-04-01 $229,750 (0.6%) $293,681 (1.6%) 0.73 2,243
2019-05-01 $230,000 (0.0%) $296,445 (1.3%) 0.72 2,264
2019-06-01 $234,900 (2.6%) $299,033 (2.6%) 0.73 2,201
2019-07-01 $235,900 (4.9%) $303,928 (5.8%) 0.74 2,241
2019-08-01 $234,245 (6.5%) $297,480 (5.3%) 0.74 2,244
2019-09-01 $233,264 (6.8%) $297,617 (6.7%) 0.75 2,209
2019-10-01 $233,266 (6.4%) $297,683 (8.2%) 0.75 2,185
2019-11-01 $229,000 (4.8%) $295,282 (8.4%) 0.75 2,107
2019-12-01 $229,450 (6.7%) $292,969 (5.5%) 0.77 2,015
2020-01-01 $229,918 (6.9%) $299,294 (7.3%) 0.77 1,879
2020-02-01 $232,600 (7.2%) $306,976 (8.8%) 0.76 1,792
2020-03-01 $236,545 (5.7%) $307,441 (6.9%) 0.74 1,764
2020-04-01 $244,651 (6.5%) $315,731 (7.5%) 0.77 1,748
2020-05-01 $249,900 (8.7%) $325,612 (9.8%) 0.76 1,575
2020-06-01 $254,950 (8.5%) $338,343 (13.2%) 0.75 1,368
2020-07-01 $250,200 (6.1%) $339,139 (11.6%) 0.73 1,326
2020-08-01 $259,000 (10.6%) $343,693 (15.5%) 0.74 1,258
2020-09-01 $264,900 (13.6%) $350,327 (17.7%) 0.76 1,159
2020-10-01 $262,690 (12.6%) $345,195 (16.0%) 0.75 1,179
2020-11-01 $249,995 (9.2%) $360,987 (22.3%) 0.73 1,060
2020-12-01 $251,892 (9.8%) $358,199 (22.3%) 0.75 1,027
2021-01-01 $259,000 (12.7%) $358,350 (19.7%) 0.77 943
2021-02-01 $259,850 (11.7%) $376,888 (22.8%) 0.76 794
2021-03-01 $262,500 (11.0%) $390,452 (27.0%) 0.74 715
2021-04-01 $275,299 (12.5%) $414,082 (31.2%) 0.75 673
2021-05-01 $290,000 (16.1%) $411,397 (26.4%) 0.77 731
2021-06-01 $287,450 (12.8%) $404,021 (19.4%) 0.76 801
2021-07-01 $289,900 (15.9%) $395,724 (16.7%) 0.76 863
2021-08-01 $284,900 (10.0%) $376,965 (9.7%) 0.76 946
2021-09-01 $285,125 (7.6%) $371,830 (6.1%) 0.76 971
2021-10-01 $279,900 (6.6%) $363,729 (5.4%) 0.75 996
2021-11-01 $287,450 (15.0%) $365,671 (1.3%) 0.77 955
2021-12-01 $281,175 (11.6%) $357,277 (-0.3%) 0.76 856
2022-01-01 $281,670 (8.8%) $356,746 (-0.5%) 0.76 733
2022-02-01 $284,900 (9.6%) $355,569 (-5.7%) 0.74 626
2022-03-01 $281,503 (7.2%) $358,846 (-8.1%) 0.70 635
2022-04-01 $290,000 (5.3%) $362,661 (-12.4%) 0.69 723
2022-05-01 $307,370 (6.0%) $373,738 (-9.2%) 0.70 955
2022-06-01 $313,915 (9.2%) $377,375 (-6.6%) 0.70 1,089
2022-07-01 $315,000 (8.7%) $371,292 (-6.2%) 0.71 1,272
2022-08-01 $313,869 (10.2%) $370,028 (-1.8%) 0.73 1,360
2022-09-01 $312,989 (9.8%) $368,660 (-0.9%) 0.73 1,358
2022-10-01 $312,900 (11.8%) $365,109 (0.4%) 0.74 1,522
2022-11-01 $319,800 (11.3%) $369,405 (1.0%) 0.77 1,638
2022-12-01 $319,700 (13.7%) $368,455 (3.1%) 0.79 1,647
2023-01-01 $324,200 (15.1%) $379,091 (6.3%) 0.80 1,571
2023-02-01 $329,900 (15.8%) $385,641 (8.5%) 0.80 1,400
2023-03-01 $320,080 (13.7%) $384,587 (7.2%) 0.75 1,360
2023-04-01 $315,000 (8.6%) $383,794 (5.8%) 0.73 1,367
2023-05-01 $316,250 (2.9%) $385,697 (3.2%) 0.72 1,380
2023-06-01 $317,175 (1.0%) $391,524 (3.8%) 0.71 1,407
2023-07-01 $309,900 (-1.6%) $377,758 (1.7%) 0.70 1,504
2023-08-01 $299,950 (-4.4%) $368,204 (-0.5%) 0.69 1,587
2023-09-01 $302,430 (-3.4%) $370,026 (0.4%) 0.70 1,638
2023-10-01 $309,950 (-0.9%) $373,732 (2.4%) 0.73 1,762
2023-11-01 $309,900 (-3.1%) $372,866 (0.9%) 0.74 1,854
2023-12-01 $309,999 (-3.0%) $369,412 (0.3%) 0.76 1,834
2024-01-01 $309,925 (-4.4%) $364,872 (-3.8%) 0.76 1,802
2024-02-01 $307,942 (-6.7%) $359,807 (-6.7%) 0.74 1,742
2024-03-01 $304,500 (-4.9%) $358,250 (-6.9%) 0.72 1,834
Augusta's median listing price for 2024-03-01 was $304,500, a difference of $-15,580 (-4.9%) versus the prior year and $-3,442 versus the prior month.

Augusta's median listing price comes in at 72% of the national average.

Augusta's average listing price for 2024-03-01 was $358,250, a difference of $-26,337 (-6.9%) versus the prior year and $-1,557 versus the prior month.

For the 2024-03-01 period, Augusta had 1,834 MLS listings, a difference of 92 listings (5%) versus the prior month and 474 listings (35%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Augusta (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 93 days 2,190 sqft
2018-02-01 87 days 2,223 sqft
2018-03-01 67 days 2,241 sqft
2018-04-01 65 days 2,271 sqft
2018-05-01 60 days 2,300 sqft
2018-06-01 61 days 2,299 sqft
2018-07-01 66 days 2,255 sqft
2018-08-01 71 days 2,200 sqft
2018-09-01 74 days 2,175 sqft
2018-10-01 76 days 2,175 sqft
2018-11-01 79 days 2,132 sqft
2018-12-01 85 days 2,106 sqft
2019-01-01 94 days 2,104 sqft
2019-02-01 91 days 2,115 sqft
2019-03-01 75 days 2,177 sqft
2019-04-01 59 days 2,230 sqft
2019-05-01 54 days 2,238 sqft
2019-06-01 53 days 2,250 sqft
2019-07-01 55 days 2,246 sqft
2019-08-01 61 days 2,233 sqft
2019-09-01 68 days 2,240 sqft
2019-10-01 75 days 2,249 sqft
2019-11-01 79 days 2,211 sqft
2019-12-01 87 days 2,212 sqft
2020-01-01 89 days 2,206 sqft
2020-02-01 82 days 2,205 sqft
2020-03-01 62 days 2,234 sqft
2020-04-01 63 days 2,282 sqft
2020-05-01 72 days 2,287 sqft
2020-06-01 73 days 2,294 sqft
2020-07-01 61 days 2,284 sqft
2020-08-01 50 days 2,294 sqft
2020-09-01 51 days 2,304 sqft
2020-10-01 51 days 2,156 sqft
2020-11-01 51 days 2,219 sqft
2020-12-01 53 days 2,263 sqft
2021-01-01 55 days 2,250 sqft
2021-02-01 53 days 2,234 sqft
2021-03-01 38 days 2,195 sqft
2021-04-01 32 days 2,221 sqft
2021-05-01 27 days 2,271 sqft
2021-06-01 30 days 2,256 sqft
2021-07-01 31 days 2,188 sqft
2021-08-01 32 days 2,147 sqft
2021-09-01 38 days 2,146 sqft
2021-10-01 45 days 2,119 sqft
2021-11-01 45 days 2,159 sqft
2021-12-01 52 days 2,157 sqft
2022-01-01 54 days 2,156 sqft
2022-02-01 42 days 2,099 sqft
2022-03-01 33 days 2,052 sqft
2022-04-01 31 days 2,088 sqft
2022-05-01 32 days 2,112 sqft
2022-06-01 38 days 2,115 sqft
2022-07-01 40 days 2,103 sqft
2022-08-01 46 days 2,105 sqft
2022-09-01 49 days 2,103 sqft
2022-10-01 50 days 2,100 sqft
2022-11-01 56 days 2,153 sqft
2022-12-01 70 days 2,159 sqft
2023-01-01 79 days 2,161 sqft
2023-02-01 81 days 2,163 sqft
2023-03-01 65 days 2,138 sqft
2023-04-01 48 days 2,112 sqft
2023-05-01 48 days 2,139 sqft
2023-06-01 47 days 2,121 sqft
2023-07-01 45 days 2,095 sqft
2023-08-01 47 days 2,025 sqft
2023-09-01 52 days 2,033 sqft
2023-10-01 54 days 2,079 sqft
2023-11-01 57 days 2,063 sqft
2023-12-01 66 days 2,046 sqft
2024-01-01 77 days 2,027 sqft
2024-02-01 70 days 2,013 sqft
2024-03-01 56 days 2,013 sqft
Augusta's median listing age (time on market) for 2024-03-01 was 56 days. This is -14% shorter than the same period one year ago.

Augusta's median square footage for active listings during the 2024-03-01 period was 2,013 sqft. One year prior, the average listing was 2,138 sqft.