Augusta USDA Loan Rates, Closing Costs & Stats

AUGUSTA-RICHMOND COUNTY, GA-SC

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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.

    Augusta's 36 lenders originated 122 USDA loans during 2022. The total origination value was $24,780,000, with an average USDA loan value of $203,115.

    Augusta USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Augusta averaged 5.94% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

    Augusta's average USDA mortgage closing costs are $4,998.

    The average rate for the prior week (2023-05-19) was 5.98% and one month ago for the week of 2023-04-21, the average rate was 6.09%.

    The average rate one year ago was 4.91%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.41%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 15 5.12% $8,463
    Security Federal Bank 9 3.68% $6,559
    DHI MORTGAGE COMPANY, LTD. 8 4.69% $5,140
    BROKER SOLUTIONS, INC. 7 4.59% $6,588
    BANKSOUTH MORTGAGE COMPANY, LLC 5 3.13% $8,331
    Queensborough National Bank & Trust Company 5 5.15% $5,092
    UNITED WHOLESALE MORTGAGE, LLC 5 5.23% $5,816
    VANDERBILT MORTGAGE AND FINANCE, INC. 5 4.25% $6,685
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 4.60% $6,189
    First Heritage Mortgage, LLC 4 3.65% $9,500
    Assurance Financial Group, L.L.C. 4 5.31% $5,420
    Ameris Bank 3 3.92% $5,986
    CARDINAL FINANCIAL 3 6.33% $8,491
    Colony Bank 3 5.08% $8,050
    First Community Bank 3 5.25% $6,893
    South State Bank 3 3.96% $6,220
    MOVEMENT MORTGAGE, LLC 2 4.94% $7,788
    Regions Bank 2 5.00% $5,394
    First-Citizens Bank & Trust Company 2 4.50% $6,301
    Magnolia Bank 2 4.63% $9,106
    HANCOCK MORTGAGE PARTNERS, LLC 2 6.13% $7,122
    Mortgage Research Center, LLC 1 6.75% $2,469
    PENNYMAC LOAN SERVICES, LLC 1 3.63% $4,742
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.75% $8,502
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.50% $10,961
    First Palmetto Bank 1 3.75% $4,788
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.50% $2,773
    Bank of England 1 5.50% $8,295
    SUCCESS MORTGAGE PARTNERS, INC. 1 3.50% $6,471
    Synovus Bank 1 5.50% $6,341
    CMG MORTGAGE, INC. 1 3.75% $5,544
    Flagstar Bank, FSB 1 3.55% $5,229
    HOME POINT FINANCIAL CORPORATION 1 3.50% $6,057
    HOMESIDE FINANCIAL, LLC 1 4.00% $5,487
    KELLER MORTGAGE, LLC 1 3.75% $4,498
    Legends Bank 1 3.88% $6,149

    The top Augusta USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 15 USDA loans originated. Their average total fees are $8,463, which is $1,904 higher than the next largest lender, Security Federal Bank.

    The lowest fee Augusta USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($8,463), .

    The lowest rate Augusta USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (5.12%), .

    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%) $273,840 (7.6%) 0.81 2,497
    2018-02-01 $221,450 (8.0%) $280,883 (9.2%) 0.81 2,500
    2018-03-01 $224,900 (7.6%) $286,197 (9.8%) 0.79 2,444
    2018-04-01 $228,450 (8.8%) $289,107 (9.4%) 0.77 2,451
    2018-05-01 $229,950 (5.7%) $292,601 (7.7%) 0.77 2,464
    2018-06-01 $229,000 (6.0%) $291,560 (6.9%) 0.76 2,444
    2018-07-01 $224,950 (4.6%) $287,097 (6.5%) 0.75 2,491
    2018-08-01 $219,900 (2.3%) $282,511 (5.0%) 0.74 2,493
    2018-09-01 $218,450 (0.8%) $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 $218,600 (0.6%) $272,367 (0.0%) 0.74 2,545
    2018-12-01 $215,000 (-0.4%) $277,646 (2.1%) 0.74 2,467
    2019-01-01 $215,000 (-1.8%) $278,846 (1.8%) 0.74 2,371
    2019-02-01 $217,000 (-2.0%) $282,062 (0.4%) 0.73 2,336
    2019-03-01 $221,900 (-1.3%) $288,612 (0.8%) 0.74 2,296
    2019-04-01 $229,548 (0.5%) $293,651 (1.6%) 0.73 2,246
    2019-05-01 $230,000 (0.0%) $296,331 (1.3%) 0.72 2,266
    2019-06-01 $234,900 (2.6%) $298,875 (2.5%) 0.73 2,203
    2019-07-01 $235,450 (4.7%) $303,811 (5.8%) 0.74 2,243
    2019-08-01 $236,000 (7.3%) $303,237 (7.3%) 0.74 2,234
    2019-09-01 $239,945 (9.8%) $309,517 (11.0%) 0.76 2,057
    2019-10-01 $234,345 (6.9%) $297,641 (8.2%) 0.76 2,188
    2019-11-01 $229,000 (4.8%) $295,226 (8.4%) 0.75 2,109
    2019-12-01 $229,450 (6.7%) $292,859 (5.5%) 0.77 2,017
    2020-01-01 $229,900 (6.9%) $299,176 (7.3%) 0.77 1,881
    2020-02-01 $232,230 (7.0%) $306,846 (8.8%) 0.76 1,794
    2020-03-01 $236,058 (6.4%) $307,310 (6.5%) 0.74 1,764
    2020-04-01 $244,651 (6.6%) $315,730 (7.5%) 0.77 1,748
    2020-05-01 $249,900 (8.7%) $325,612 (9.9%) 0.76 1,575
    2020-06-01 $254,950 (8.5%) $338,343 (13.2%) 0.75 1,368
    2020-07-01 $250,200 (6.3%) $339,139 (11.6%) 0.73 1,326
    2020-08-01 $259,000 (9.8%) $343,693 (13.3%) 0.74 1,258
    2020-09-01 $264,900 (10.4%) $350,327 (13.2%) 0.76 1,159
    2020-10-01 $262,690 (12.1%) $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 $251,693 (9.7%) $358,294 (22.3%) 0.75 1,027
    2021-01-01 $259,450 (12.9%) $358,291 (19.8%) 0.77 944
    2021-02-01 $259,900 (11.9%) $376,795 (22.8%) 0.76 795
    2021-03-01 $262,663 (11.3%) $390,661 (27.1%) 0.75 715
    2021-04-01 $275,299 (12.5%) $413,624 (31.0%) 0.75 674
    2021-05-01 $290,285 (16.2%) $411,861 (26.5%) 0.77 732
    2021-06-01 $287,450 (12.8%) $404,062 (19.4%) 0.76 803
    2021-07-01 $289,000 (15.5%) $395,705 (16.7%) 0.76 865
    2021-08-01 $284,900 (10.0%) $377,174 (9.7%) 0.76 947
    2021-09-01 $285,500 (7.8%) $372,457 (6.3%) 0.76 971
    2021-10-01 $279,900 (6.6%) $363,940 (5.4%) 0.75 996
    2021-11-01 $287,225 (14.9%) $365,587 (1.3%) 0.77 956
    2021-12-01 $280,675 (11.5%) $357,197 (-0.3%) 0.76 856
    2022-01-01 $281,670 (8.6%) $356,852 (-0.4%) 0.76 733
    2022-02-01 $284,675 (9.5%) $355,442 (-5.7%) 0.74 626
    2022-03-01 $281,441 (7.2%) $359,087 (-8.1%) 0.70 635
    2022-04-01 $290,250 (5.4%) $362,741 (-12.3%) 0.69 723
    2022-05-01 $307,273 (5.9%) $373,834 (-9.2%) 0.70 955
    2022-06-01 $313,625 (9.1%) $377,437 (-6.6%) 0.70 1,089
    2022-07-01 $315,000 (9.0%) $371,194 (-6.2%) 0.71 1,272
    2022-08-01 $313,950 (10.2%) $370,032 (-1.9%) 0.73 1,361
    2022-09-01 $312,989 (9.6%) $368,808 (-1.0%) 0.73 1,358
    2022-10-01 $313,834 (12.1%) $365,201 (0.4%) 0.74 1,522
    2022-11-01 $319,800 (11.3%) $369,436 (1.1%) 0.77 1,638
    2022-12-01 $319,615 (13.9%) $368,451 (3.2%) 0.79 1,647
    2023-01-01 $324,250 (15.1%) $379,428 (6.3%) 0.80 1,571
    2023-02-01 $328,900 (15.5%) $385,784 (8.5%) 0.79 1,400
    2023-03-01 $320,000 (13.7%) $384,714 (7.1%) 0.75 1,360
    2023-04-01 $315,000 (8.5%) $383,995 (5.9%) 0.73 1,367
    Augusta's median listing price for 2023-04-01 was $315,000, a difference of $24,750 (8.5%) versus the prior year and $-5,000 versus the prior month.

    Augusta's median listing price comes in at 73% of the national average.

    Augusta's average listing price for 2023-04-01 was $383,995, a difference of $21,254 (5.9%) versus the prior year and $-719 versus the prior month.

    For the 2023-04-01 period, Augusta had 1,367 MLS listings, a difference of 7 listings (1%) versus the prior month and 644 listings (89%) 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
    2018-01-01 107 days 2,190 sqft
    2018-02-01 102 days 2,222 sqft
    2018-03-01 86 days 2,240 sqft
    2018-04-01 75 days 2,270 sqft
    2018-05-01 70 days 2,300 sqft
    2018-06-01 72 days 2,299 sqft
    2018-07-01 74 days 2,255 sqft
    2018-08-01 80 days 2,200 sqft
    2018-09-01 81 days 2,175 sqft
    2018-10-01 86 days 2,174 sqft
    2018-11-01 87 days 2,128 sqft
    2018-12-01 96 days 2,106 sqft
    2019-01-01 104 days 2,103 sqft
    2019-02-01 103 days 2,113 sqft
    2019-03-01 74 days 2,178 sqft
    2019-04-01 67 days 2,226 sqft
    2019-05-01 61 days 2,236 sqft
    2019-06-01 64 days 2,246 sqft
    2019-07-01 64 days 2,244 sqft
    2019-08-01 72 days 2,261 sqft
    2019-09-01 82 days 2,322 sqft
    2019-10-01 84 days 2,257 sqft
    2019-11-01 87 days 2,209 sqft
    2019-12-01 97 days 2,208 sqft
    2020-01-01 99 days 2,204 sqft
    2020-02-01 94 days 2,202 sqft
    2020-03-01 69 days 2,231 sqft
    2020-04-01 68 days 2,280 sqft
    2020-05-01 78 days 2,285 sqft
    2020-06-01 79 days 2,293 sqft
    2020-07-01 69 days 2,284 sqft
    2020-08-01 55 days 2,294 sqft
    2020-09-01 53 days 2,300 sqft
    2020-10-01 59 days 2,166 sqft
    2020-11-01 55 days 2,219 sqft
    2020-12-01 58 days 2,263 sqft
    2021-01-01 61 days 2,250 sqft
    2021-02-01 64 days 2,237 sqft
    2021-03-01 45 days 2,194 sqft
    2021-04-01 39 days 2,216 sqft
    2021-05-01 31 days 2,272 sqft
    2021-06-01 31 days 2,260 sqft
    2021-07-01 32 days 2,195 sqft
    2021-08-01 34 days 2,156 sqft
    2021-09-01 39 days 2,153 sqft
    2021-10-01 46 days 2,119 sqft
    2021-11-01 48 days 2,161 sqft
    2021-12-01 53 days 2,156 sqft
    2022-01-01 57 days 2,156 sqft
    2022-02-01 44 days 2,099 sqft
    2022-03-01 34 days 2,050 sqft
    2022-04-01 33 days 2,091 sqft
    2022-05-01 32 days 2,112 sqft
    2022-06-01 38 days 2,113 sqft
    2022-07-01 40 days 2,103 sqft
    2022-08-01 46 days 2,105 sqft
    2022-09-01 50 days 2,104 sqft
    2022-10-01 51 days 2,102 sqft
    2022-11-01 57 days 2,155 sqft
    2022-12-01 71 days 2,158 sqft
    2023-01-01 80 days 2,166 sqft
    2023-02-01 84 days 2,160 sqft
    2023-03-01 67 days 2,136 sqft
    2023-04-01 51 days 2,112 sqft
    Augusta's median listing age (time on market) for 2023-04-01 was 51 days. This is 55% longer than the same period one year ago.

    Augusta's median square footage for active listings during the 2023-04-01 period was 2,112 sqft. One year prior, the average listing was 2,091 sqft.