Augusta USDA Loan Rates, Closing Costs & Stats

AUGUSTA-RICHMOND COUNTY, GA-SC

  • 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.

    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 6.52% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.57% and one month ago for the week of 2024-03-15, the average rate was 6.35%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

    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.