Cornelia USDA Loan Rates, Closing Costs & Stats

Cornelia, GA

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.

Cornelia's 28 lenders originated 87 USDA loans during 2021. The total origination value was $17,175,000, with an average USDA loan value of $197,414.

Cornelia USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Cornelia averaged 6.3% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Cornelia's average USDA mortgage closing costs are $4,204.

The average rate for the prior week (2022-11-25) was 6.64% and one month ago for the week of 2022-10-28, the average rate was 6.71%.

The average rate one year ago was 3.3%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.04%.

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

Cornelia 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 Cornelia level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
HOMESTAR FINANCIAL CORPORATION 30 3.16% $4,002
STOCKTON MORTGAGE CORPORATION 7 3.61% $6,091
Renasant Bank 5 3.00% $5,294
CROSSCOUNTRY MORTGAGE, LLC 5 2.75% $9,559
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.00% $6,793
ACOPIA, LLC 3 3.21% $5,273
HOMEOWNERS FINANCIAL GROUP USA, LLC 3 2.88% $6,548
Prosperity Home Mortgage, LLC 3 2.63% $6,036
Synovus Bank 2 2.56% $7,534
United Community Bank 2 2.63% $3,937
CRESCENT MORTGAGE COMPANY 2 2.88% $4,531
STEARNS LENDING, LLC 2 2.63% $4,882
FIRST COMMUNITY MORTGAGE, INC. 2 3.13% $5,207
Flagstar Bank, FSB 2 2.69% $6,580
South State Bank 2 2.88% $4,316
VANDERBILT MORTGAGE AND FINANCE, INC. 1 3.00% $6,334
AMERICAN FINANCIAL NETWORK, INC. 1 2.88% $7,724
CALIBER HOME LOANS, INC. 1 2.75% $4,348
CREDIT UNION FINANCIAL SERVICES, LLC 1 2.75% $4,852
DAS Acquisition Company, LLC 1 2.75% $5,606
GMFS LLC 1 2.88% $3,987
MOVEMENT MORTGAGE, LLC 1 3.50% $5,632
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.25% $5,592
PENNYMAC LOAN SERVICES, LLC 1 2.88% $5,154
SUCCESS MORTGAGE PARTNERS, INC. 1 2.88% $5,900
SWBC MORTGAGE CORPORATION 1 3.25% $5,235
THE MORTGAGE FIRM, INC. 1 3.63% $4,904
US MORTGAGE CORPORATION 1 3.63% $5,651

The top Cornelia USDA lender as defined by loan originations is HOMESTAR FINANCIAL CORPORATION, with 30 USDA loans originated. Their average total fees are $4,002, which is $2,089 lower than the next largest lender, STOCKTON MORTGAGE CORPORATION.

The lowest fee Cornelia USDA lenders (with over 10 loans originated) are HOMESTAR FINANCIAL CORPORATION ($4,002), .

The lowest rate Cornelia USDA lenders (with over 10 loans originated) are HOMESTAR FINANCIAL CORPORATION (3.16%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Cornelia (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 $299,000 (-0.2%) $470,611 (-12.9%) 0.00 230
2018-02-01 $303,100 (5.2%) $479,713 (-9.4%) 0.00 227
2018-03-01 $324,900 (18.4%) $563,836 (7.1%) 0.00 228
2018-04-01 $329,675 (4.7%) $576,741 (6.4%) 0.00 229
2018-05-01 $329,675 (3.1%) $584,358 (7.7%) 0.00 219
2018-06-01 $339,000 (5.4%) $579,541 (5.4%) 0.00 236
2018-07-01 $333,650 (1.7%) $582,127 (9.3%) 0.00 254
2018-08-01 $328,450 (7.1%) $590,445 (14.7%) 0.00 244
2018-09-01 $332,450 (7.6%) $593,552 (18.7%) 0.00 261
2018-10-01 $327,000 (4.2%) $593,955 (19.3%) 0.00 282
2018-11-01 $299,950 (0.0%) $599,360 (24.9%) 0.00 280
2018-12-01 $296,950 (-1.0%) $625,292 (31.8%) 0.00 264
2019-01-01 $295,475 (-1.2%) $637,950 (35.6%) 0.00 242
2019-02-01 $333,750 (10.1%) $644,999 (34.5%) 0.00 237
2019-03-01 $328,129 (1.0%) $641,338 (13.8%) 0.00 238
2019-04-01 $303,254 (-8.0%) $607,966 (5.4%) 0.00 259
2019-05-01 $341,625 (3.6%) $630,628 (7.9%) 0.00 263
2019-06-01 $339,900 (0.3%) $621,347 (7.2%) 0.00 272
2019-07-01 $320,999 (-3.8%) $624,374 (7.3%) 0.00 275
2019-08-01 $294,091 (-10.5%) $593,961 (0.6%) 0.00 272
2019-09-01 $277,727 (-16.5%) $562,867 (-5.2%) 0.00 280
2019-10-01 $284,268 (-13.1%) $568,765 (-4.2%) 0.00 265
2019-11-01 $299,900 (0.0%) $600,549 (0.2%) 0.00 233
2019-12-01 $299,900 (1.0%) $640,617 (2.5%) 0.00 227
2020-01-01 $324,875 (10.0%) $681,388 (6.8%) 0.00 207
2020-02-01 $329,500 (-1.3%) $654,641 (1.5%) 0.00 210
2020-03-01 $344,950 (5.1%) $636,493 (-0.8%) 0.00 195
2020-04-01 $344,950 (13.8%) $624,580 (2.7%) 0.00 204
2020-05-01 $335,000 (-1.9%) $621,769 (-1.4%) 0.00 206
2020-06-01 $347,725 (2.3%) $670,332 (7.9%) 0.00 187
2020-07-01 $333,725 (4.0%) $655,991 (5.1%) 0.00 172
2020-08-01 $329,450 (12.0%) $646,177 (8.8%) 0.00 149
2020-09-01 $327,175 (17.8%) $599,245 (6.5%) 0.00 135
2020-10-01 $324,950 (14.3%) $621,921 (9.4%) 0.00 112
2020-11-01 $322,500 (7.5%) $639,826 (6.5%) 0.00 109
2020-12-01 $299,725 (-0.1%) $653,235 (2.0%) 0.00 105
2021-01-01 $347,400 (6.9%) $654,950 (-3.9%) 0.00 95
2021-02-01 $325,500 (-1.2%) $587,301 (-10.3%) 0.00 87
2021-03-01 $353,450 (2.5%) $602,743 (-5.3%) 0.00 83
2021-04-01 $359,250 (4.2%) $594,563 (-4.8%) 0.00 66
2021-05-01 $325,000 (-3.0%) $561,949 (-9.6%) 0.00 69
2021-06-01 $338,000 (-2.8%) $585,788 (-12.6%) 0.00 76
2021-07-01 $390,000 (16.9%) $654,047 (-0.3%) 0.00 73
2021-08-01 $349,900 (6.2%) $590,275 (-8.7%) 0.00 77
2021-09-01 $302,425 (-7.6%) $584,553 (-2.5%) 0.00 87
2021-10-01 $314,900 (-3.1%) $545,989 (-12.2%) 0.00 87
2021-11-01 $332,000 (3.0%) $528,939 (-17.3%) 0.00 87
2021-12-01 $325,950 (8.8%) $536,907 (-17.8%) 0.00 77
2022-01-01 $331,980 (-4.4%) $490,390 (-25.1%) 0.00 78
2022-02-01 $328,725 (1.0%) $478,583 (-18.5%) 0.00 79
2022-03-01 $349,925 (-1.0%) $441,346 (-26.8%) 0.00 76
2022-04-01 $331,950 (-7.6%) $455,169 (-23.4%) 0.00 80
2022-05-01 $329,450 (1.4%) $482,706 (-14.1%) 0.00 76
2022-06-01 $346,225 (2.4%) $546,660 (-6.7%) 0.00 99
2022-07-01 $369,900 (-5.2%) $577,379 (-11.7%) 0.00 136
2022-08-01 $367,450 (5.0%) $538,306 (-8.8%) 0.00 149
2022-09-01 $351,994 (16.4%) $520,178 (-11.0%) 0.00 149
2022-10-01 $349,900 (11.1%) $546,946 (0.2%) 0.00 157
2022-11-01 $357,400 (7.7%) $584,759 (10.6%) 0.00 167
Cornelia's median listing price for 2022-11-01 was $357,400, a difference of $25,400 (7.7%) versus the prior year and $7,500 versus the prior month.

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

Cornelia's average listing price for 2022-11-01 was $584,759, a difference of $55,820 (10.6%) versus the prior year and $37,813 versus the prior month.

For the 2022-11-01 period, Cornelia had 167 MLS listings, a difference of 10 listings (6%) versus the prior month and 80 listings (92%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Cornelia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,302 sqft
2018-02-01 0 days 2,433 sqft
2018-03-01 0 days 2,520 sqft
2018-04-01 0 days 2,623 sqft
2018-05-01 0 days 2,585 sqft
2018-06-01 0 days 2,542 sqft
2018-07-01 0 days 2,467 sqft
2018-08-01 0 days 2,484 sqft
2018-09-01 0 days 2,573 sqft
2018-10-01 0 days 2,493 sqft
2018-11-01 0 days 2,442 sqft
2018-12-01 0 days 2,400 sqft
2019-01-01 0 days 2,471 sqft
2019-02-01 0 days 2,583 sqft
2019-03-01 0 days 2,573 sqft
2019-04-01 0 days 2,563 sqft
2019-05-01 0 days 2,579 sqft
2019-06-01 0 days 2,576 sqft
2019-07-01 0 days 2,502 sqft
2019-08-01 0 days 2,413 sqft
2019-09-01 0 days 2,363 sqft
2019-10-01 0 days 2,329 sqft
2019-11-01 0 days 2,321 sqft
2019-12-01 0 days 2,363 sqft
2020-01-01 0 days 2,496 sqft
2020-02-01 0 days 2,414 sqft
2020-03-01 0 days 2,394 sqft
2020-04-01 0 days 2,372 sqft
2020-05-01 0 days 2,420 sqft
2020-06-01 0 days 2,469 sqft
2020-07-01 0 days 2,441 sqft
2020-08-01 0 days 2,400 sqft
2020-09-01 0 days 2,306 sqft
2020-10-01 0 days 2,214 sqft
2020-11-01 0 days 2,295 sqft
2020-12-01 0 days 2,290 sqft
2021-01-01 0 days 2,470 sqft
2021-02-01 0 days 2,147 sqft
2021-03-01 0 days 2,197 sqft
2021-04-01 0 days 2,233 sqft
2021-05-01 0 days 2,048 sqft
2021-06-01 0 days 2,184 sqft
2021-07-01 0 days 2,280 sqft
2021-08-01 0 days 2,189 sqft
2021-09-01 0 days 2,164 sqft
2021-10-01 0 days 2,138 sqft
2021-11-01 0 days 1,989 sqft
2021-12-01 0 days 2,037 sqft
2022-01-01 0 days 1,958 sqft
2022-02-01 0 days 1,887 sqft
2022-03-01 0 days 1,990 sqft
2022-04-01 0 days 1,800 sqft
2022-05-01 0 days 1,757 sqft
2022-06-01 0 days 1,919 sqft
2022-07-01 0 days 2,105 sqft
2022-08-01 0 days 2,172 sqft
2022-09-01 0 days 2,137 sqft
2022-10-01 0 days 2,105 sqft
2022-11-01 0 days 2,209 sqft
Cornelia's median listing age (time on market) for 2022-11-01 was 0 days.

Cornelia's median square footage for active listings during the 2022-11-01 period was 2,209 sqft. One year prior, the average listing was 1,989 sqft.