Augusta USDA Loan Rates, Closing Costs & Stats

Augusta-Waterville, ME

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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 13 lenders originated 53 USDA loans during 2023. The total origination value was $10,835,000, with an average USDA loan value of $204,434.

    Augusta USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Augusta averaged 6.31% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Augusta's average USDA mortgage closing costs are $4,934.

    The average rate for the prior week (2024-12-06) was 6.15% and one month ago for the week of 2024-11-08, the average rate was 6.46%.

    The average rate one year ago was 6.73%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.5%.

    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
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 5.72% $6,212
    Bangor Savings Bank 9 5.49% $5,071
    GUILD MORTGAGE COMPANY 9 5.44% $6,149
    CUSO MORTGAGE CORPORATION 3 5.42% $5,216
    NORTHPOINT MORTGAGE, INC. 3 5.32% $6,851
    CMG MORTGAGE, INC. 2 7.13% $8,215
    University Credit Union 1 4.95% $5,292
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.50% $9,247
    Norway Savings Bank 1 5.95% $5,053
    The Camden National Bank 1 5.50% $4,334
    TOTAL MORTGAGE SERVICES, LLC 1 5.50% $6,507
    Citizens Bank 1 6.25% $9,603
    DAS Acquisition Company, LLC 1 4.95% $6,208

    The top Augusta USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 10 USDA loans originated. Their average total fees are $6,212, which is $1,141 higher than the next largest lender, Bangor Savings Bank.

    The lowest fee Augusta USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,212), .

    The lowest rate Augusta USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION (5.72%), .

    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 $179,450 (10.1%) $239,658 (15.1%) 0.00 554
    2018-02-01 $179,900 (8.1%) $246,339 (17.5%) 0.00 520
    2018-03-01 $194,900 (13.8%) $254,778 (19.9%) 0.00 503
    2018-04-01 $204,975 (13.9%) $256,095 (14.9%) 0.00 512
    2018-05-01 $215,950 (14.0%) $259,893 (10.1%) 0.00 593
    2018-06-01 $219,000 (12.9%) $264,993 (10.4%) 0.00 698
    2018-07-01 $215,000 (10.7%) $265,841 (10.3%) 0.00 740
    2018-08-01 $217,100 (14.6%) $264,905 (12.9%) 0.00 755
    2018-09-01 $214,998 (13.8%) $262,348 (12.4%) 0.00 763
    2018-10-01 $213,975 (12.8%) $261,808 (10.8%) 0.00 729
    2018-11-01 $214,400 (13.2%) $263,824 (11.9%) 0.00 659
    2018-12-01 $199,950 (8.1%) $258,314 (9.5%) 0.00 578
    2019-01-01 $206,000 (14.8%) $253,702 (5.9%) 0.00 521
    2019-02-01 $209,317 (16.4%) $255,893 (3.9%) 0.00 474
    2019-03-01 $213,869 (9.7%) $263,580 (3.5%) 0.00 446
    2019-04-01 $222,500 (8.6%) $273,077 (6.6%) 0.00 431
    2019-05-01 $233,500 (8.1%) $276,772 (6.5%) 0.00 507
    2019-06-01 $235,000 (7.3%) $279,831 (5.6%) 0.00 576
    2019-07-01 $239,675 (11.5%) $285,027 (7.2%) 0.00 614
    2019-08-01 $234,145 (7.9%) $283,939 (7.2%) 0.00 599
    2019-09-01 $226,189 (5.2%) $283,062 (7.9%) 0.00 581
    2019-10-01 $220,884 (3.2%) $282,795 (8.0%) 0.00 564
    2019-11-01 $219,000 (2.2%) $278,054 (5.4%) 0.00 527
    2019-12-01 $211,000 (5.5%) $273,483 (5.9%) 0.00 431
    2020-01-01 $210,500 (2.2%) $273,408 (7.8%) 0.00 379
    2020-02-01 $211,000 (0.8%) $273,880 (7.0%) 0.00 344
    2020-03-01 $242,450 (13.4%) $302,395 (14.7%) 0.00 323
    2020-04-01 $244,925 (10.1%) $291,589 (6.8%) 0.00 327
    2020-05-01 $235,000 (0.6%) $284,975 (3.0%) 0.00 314
    2020-06-01 $254,250 (8.2%) $300,109 (7.3%) 0.00 311
    2020-07-01 $274,975 (14.7%) $325,044 (14.0%) 0.00 311
    2020-08-01 $269,000 (14.9%) $333,622 (17.5%) 0.00 275
    2020-09-01 $273,950 (21.1%) $342,894 (21.1%) 0.00 264
    2020-10-01 $268,500 (21.6%) $356,256 (26.0%) 0.00 275
    2020-11-01 $295,000 (34.7%) $365,457 (31.4%) 0.00 256
    2020-12-01 $311,250 (47.5%) $379,004 (38.6%) 0.00 217
    2021-01-01 $319,900 (52.0%) $389,834 (42.6%) 0.00 174
    2021-02-01 $304,950 (44.5%) $396,506 (44.8%) 0.00 143
    2021-03-01 $310,000 (27.9%) $380,113 (25.7%) 0.00 126
    2021-04-01 $285,972 (16.8%) $396,737 (36.1%) 0.00 128
    2021-05-01 $319,950 (36.2%) $392,457 (37.7%) 0.00 147
    2021-06-01 $320,000 (25.9%) $381,601 (27.2%) 0.00 204
    2021-07-01 $295,000 (7.3%) $360,006 (10.8%) 0.00 253
    2021-08-01 $295,000 (9.7%) $367,449 (10.1%) 0.00 279
    2021-09-01 $284,450 (3.8%) $367,284 (7.1%) 0.00 274
    2021-10-01 $279,450 (4.1%) $367,501 (3.2%) 0.00 239
    2021-11-01 $287,000 (-2.7%) $393,810 (7.8%) 0.00 185
    2021-12-01 $292,000 (-6.2%) $388,344 (2.5%) 0.00 166
    2022-01-01 $299,000 (-6.5%) $407,748 (4.6%) 0.00 113
    2022-02-01 $315,000 (3.3%) $408,056 (2.9%) 0.00 89
    2022-03-01 $330,000 (6.5%) $444,928 (17.1%) 0.00 94
    2022-04-01 $320,000 (11.9%) $448,191 (13.0%) 0.00 100
    2022-05-01 $318,725 (-0.4%) $441,762 (12.6%) 0.00 123
    2022-06-01 $328,725 (2.7%) $443,603 (16.3%) 0.00 178
    2022-07-01 $349,000 (18.3%) $452,611 (25.7%) 0.00 251
    2022-08-01 $349,000 (18.3%) $452,748 (23.2%) 0.00 248
    2022-09-01 $344,000 (20.9%) $431,094 (17.4%) 0.00 239
    2022-10-01 $347,000 (24.2%) $434,065 (18.1%) 0.00 249
    2022-11-01 $339,000 (18.1%) $434,793 (10.4%) 0.00 242
    2022-12-01 $340,000 (16.4%) $439,965 (13.3%) 0.00 210
    2023-01-01 $320,000 (7.0%) $413,728 (1.5%) 0.00 162
    2023-02-01 $339,725 (7.9%) $417,754 (2.4%) 0.00 126
    2023-03-01 $375,000 (13.6%) $466,912 (4.9%) 0.00 117
    2023-04-01 $389,999 (21.9%) $498,392 (11.2%) 0.00 122
    2023-05-01 $410,925 (28.9%) $524,725 (18.8%) 0.00 131
    2023-06-01 $418,725 (27.4%) $547,502 (23.4%) 0.00 152
    2023-07-01 $399,900 (14.6%) $530,844 (17.3%) 0.00 196
    2023-08-01 $402,175 (15.2%) $521,997 (15.3%) 0.00 223
    2023-09-01 $399,000 (16.0%) $517,683 (20.1%) 0.00 232
    2023-10-01 $386,250 (11.3%) $484,244 (11.6%) 0.00 234
    2023-11-01 $375,000 (10.6%) $461,642 (6.2%) 0.00 228
    2023-12-01 $385,000 (13.2%) $470,631 (7.0%) 0.00 204
    2024-01-01 $395,000 (23.4%) $462,231 (11.7%) 0.00 174
    2024-02-01 $394,000 (16.0%) $439,392 (5.2%) 0.00 154
    2024-03-01 $399,900 (6.6%) $455,317 (-2.5%) 0.00 134
    2024-04-01 $388,500 (-0.4%) $460,901 (-7.5%) 0.00 147
    2024-05-01 $399,843 (-2.7%) $472,897 (-9.9%) 0.00 185
    2024-06-01 $409,900 (-2.1%) $502,685 (-8.2%) 0.00 235
    2024-07-01 $409,675 (2.4%) $520,314 (-2.0%) 0.00 282
    2024-08-01 $405,000 (0.7%) $527,988 (1.2%) 0.00 288
    2024-09-01 $441,500 (10.7%) $549,169 (6.1%) 0.00 310
    2024-10-01 $430,575 (11.5%) $541,264 (11.8%) 0.00 330
    2024-11-01 $404,500 (7.9%) $524,843 (13.7%) 0.00 326
    Augusta's median listing price for 2024-11-01 was $404,500, a difference of $29,500 (7.9%) versus the prior year and $-26,075 versus the prior month.

    Augusta's median listing price comes in at 0% of the national average.

    Augusta's average listing price for 2024-11-01 was $524,843, a difference of $63,201 (13.7%) versus the prior year and $-16,421 versus the prior month.

    For the 2024-11-01 period, Augusta had 326 MLS listings, a difference of -4 listings (-1%) versus the prior month and 98 listings (43%) 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 0 days 1,678 sqft
    2018-02-01 0 days 1,683 sqft
    2018-03-01 0 days 1,704 sqft
    2018-04-01 0 days 1,733 sqft
    2018-05-01 0 days 1,734 sqft
    2018-06-01 0 days 1,750 sqft
    2018-07-01 0 days 1,793 sqft
    2018-08-01 0 days 1,791 sqft
    2018-09-01 0 days 1,800 sqft
    2018-10-01 0 days 1,800 sqft
    2018-11-01 0 days 1,800 sqft
    2018-12-01 0 days 1,792 sqft
    2019-01-01 0 days 1,796 sqft
    2019-02-01 0 days 1,812 sqft
    2019-03-01 0 days 1,800 sqft
    2019-04-01 0 days 1,800 sqft
    2019-05-01 0 days 1,800 sqft
    2019-06-01 0 days 1,785 sqft
    2019-07-01 0 days 1,795 sqft
    2019-08-01 0 days 1,786 sqft
    2019-09-01 0 days 1,774 sqft
    2019-10-01 0 days 1,765 sqft
    2019-11-01 0 days 1,782 sqft
    2019-12-01 0 days 1,746 sqft
    2020-01-01 0 days 1,726 sqft
    2020-02-01 0 days 1,727 sqft
    2020-03-01 0 days 1,792 sqft
    2020-04-01 0 days 1,742 sqft
    2020-05-01 0 days 1,677 sqft
    2020-06-01 0 days 1,716 sqft
    2020-07-01 0 days 1,800 sqft
    2020-08-01 0 days 1,855 sqft
    2020-09-01 0 days 1,850 sqft
    2020-10-01 0 days 1,860 sqft
    2020-11-01 0 days 1,853 sqft
    2020-12-01 0 days 1,812 sqft
    2021-01-01 0 days 1,786 sqft
    2021-02-01 0 days 1,768 sqft
    2021-03-01 0 days 1,786 sqft
    2021-04-01 0 days 1,717 sqft
    2021-05-01 0 days 1,657 sqft
    2021-06-01 0 days 1,672 sqft
    2021-07-01 0 days 1,600 sqft
    2021-08-01 0 days 1,632 sqft
    2021-09-01 0 days 1,597 sqft
    2021-10-01 0 days 1,565 sqft
    2021-11-01 0 days 1,563 sqft
    2021-12-01 0 days 1,599 sqft
    2022-01-01 0 days 1,594 sqft
    2022-02-01 0 days 1,645 sqft
    2022-03-01 0 days 1,653 sqft
    2022-04-01 0 days 1,676 sqft
    2022-05-01 0 days 1,696 sqft
    2022-06-01 0 days 1,741 sqft
    2022-07-01 0 days 1,764 sqft
    2022-08-01 0 days 1,781 sqft
    2022-09-01 0 days 1,755 sqft
    2022-10-01 0 days 1,759 sqft
    2022-11-01 0 days 1,727 sqft
    2022-12-01 0 days 1,718 sqft
    2023-01-01 0 days 1,702 sqft
    2023-02-01 0 days 1,734 sqft
    2023-03-01 0 days 1,755 sqft
    2023-04-01 0 days 1,775 sqft
    2023-05-01 0 days 1,788 sqft
    2023-06-01 0 days 1,828 sqft
    2023-07-01 0 days 1,728 sqft
    2023-08-01 0 days 1,711 sqft
    2023-09-01 0 days 1,704 sqft
    2023-10-01 0 days 1,628 sqft
    2023-11-01 0 days 1,709 sqft
    2023-12-01 0 days 1,786 sqft
    2024-01-01 0 days 1,741 sqft
    2024-02-01 0 days 1,707 sqft
    2024-03-01 0 days 1,632 sqft
    2024-04-01 0 days 1,689 sqft
    2024-05-01 0 days 1,695 sqft
    2024-06-01 0 days 1,630 sqft
    2024-07-01 0 days 1,639 sqft
    2024-08-01 0 days 1,766 sqft
    2024-09-01 0 days 1,832 sqft
    2024-10-01 0 days 1,790 sqft
    2024-11-01 0 days 1,733 sqft
    Augusta's median listing age (time on market) for 2024-11-01 was 0 days.

    Augusta's median square footage for active listings during the 2024-11-01 period was 1,733 sqft. One year prior, the average listing was 1,709 sqft.