Augusta USDA Loan Rates, Closing Costs & Stats

Augusta-Waterville, ME

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 59 USDA loans during 2024. The total origination value was $12,815,000, with an average USDA loan value of $217,203.

Augusta USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Augusta averaged 6.58% for the week of 2025-07-11, compared to the national average (all USDA variants) of 6.449% for the same period.

Augusta's average USDA mortgage closing costs are $5,025.

The average rate for the prior week (2025-07-04) was 6.79% and one month ago for the week of 2025-06-06, the average rate was 6.49%.

The average rate one year ago was 6.87%.

For refis of the same type during the week of 2025-07-11, the average rate was 6.26%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 5.64% $6,483
GUILD MORTGAGE COMPANY 9 5.88% $6,026
NORTHPOINT MORTGAGE, INC. 7 5.89% $6,845
The Camden National Bank 5 5.85% $6,144
Bangor Savings Bank 4 5.81% $5,335
CMG MORTGAGE, INC. 4 5.70% $6,346
CUSO MORTGAGE CORPORATION 3 5.43% $4,615
First National Bank 2 5.95% $5,932
Keystone Funding, Inc. 1 6.63% $6,627
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $10,811
CROSSCOUNTRY MORTGAGE, LLC 1 6.88% $7,189
MEGASTAR FINANCIAL CORP. 1 4.95% $10,144
EMBRACE HOME LOANS, INC. 1 5.95% $6,685

The top Augusta USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 12 USDA loans originated. Their average total fees are $6,483, which is $457 higher than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Augusta USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,483), .

The lowest rate Augusta USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION (5.64%), .