Cornelia USDA Loan Rates, Closing Costs & Stats

Cornelia, GA

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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.

    Cornelia's 8 lenders originated 13 USDA loans during 2023. The total origination value was $3,355,000, with an average USDA loan value of $258,077.

    Cornelia USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Cornelia averaged 6.64% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Cornelia's average USDA mortgage closing costs are $4,685.

    The average rate for the prior week (2024-04-12) was 6.8% and one month ago for the week of 2024-03-15, the average rate was 6.48%.

    The average rate one year ago was 6.52%.

    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.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 4 6.06% $9,956
    HOMESTAR FINANCIAL CORPORATION 2 6.50% $3,616
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 6.63% $7,303
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $12,580
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.63% $14,896
    Prosperity Home Mortgage, LLC 1 7.13% $13,421
    Synovus Bank 1 5.50% $8,111
    First Option Mortgage, LLC 1 7.13% $10,211

    The top Cornelia USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 4 USDA loans originated. Their average total fees are $9,956, which is $6,340 higher than the next largest lender, HOMESTAR FINANCIAL CORPORATION.

    The lowest fee Cornelia USDA lenders (with over 10 loans originated) are .

    The lowest rate Cornelia USDA lenders (with over 10 loans originated) are .

    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%) $472,658 (-12.5%) 0.00 228
    2018-02-01 $303,100 (5.2%) $481,822 (-9.0%) 0.00 225
    2018-03-01 $324,900 (18.4%) $566,702 (7.7%) 0.00 226
    2018-04-01 $334,450 (6.2%) $579,816 (6.9%) 0.00 227
    2018-05-01 $329,900 (3.1%) $587,001 (8.2%) 0.00 218
    2018-06-01 $339,450 (4.7%) $581,490 (5.5%) 0.00 235
    2018-07-01 $334,925 (2.3%) $583,940 (9.5%) 0.00 253
    2018-08-01 $330,200 (9.3%) $592,336 (14.9%) 0.00 243
    2018-09-01 $334,900 (8.4%) $595,367 (18.9%) 0.00 260
    2018-10-01 $327,750 (4.5%) $595,622 (19.2%) 0.00 281
    2018-11-01 $302,200 (0.8%) $601,094 (24.7%) 0.00 279
    2018-12-01 $299,900 (0.0%) $627,203 (31.7%) 0.00 263
    2019-01-01 $298,425 (-0.2%) $640,070 (35.4%) 0.00 241
    2019-02-01 $335,000 (10.5%) $646,154 (34.1%) 0.00 237
    2019-03-01 $329,307 (1.4%) $643,205 (13.5%) 0.00 237
    2019-04-01 $305,725 (-8.6%) $612,012 (5.6%) 0.00 257
    2019-05-01 $344,450 (4.4%) $635,073 (8.2%) 0.00 261
    2019-06-01 $339,900 (0.1%) $625,617 (7.6%) 0.00 271
    2019-07-01 $320,999 (-4.2%) $625,454 (7.1%) 0.00 275
    2019-08-01 $294,077 (-10.9%) $594,133 (0.3%) 0.00 272
    2019-09-01 $277,693 (-17.1%) $563,298 (-5.4%) 0.00 279
    2019-10-01 $284,020 (-13.3%) $569,527 (-4.4%) 0.00 264
    2019-11-01 $299,900 (-0.8%) $601,555 (0.1%) 0.00 232
    2019-12-01 $299,675 (-0.1%) $641,840 (2.3%) 0.00 226
    2020-01-01 $323,375 (8.4%) $682,955 (6.7%) 0.00 206
    2020-02-01 $327,200 (-2.3%) $655,987 (1.5%) 0.00 209
    2020-03-01 $346,000 (5.1%) $637,989 (-0.8%) 0.00 194
    2020-04-01 $346,225 (13.3%) $625,977 (2.3%) 0.00 203
    2020-05-01 $339,900 (-1.3%) $627,209 (-1.2%) 0.00 203
    2020-06-01 $349,450 (2.8%) $674,457 (7.8%) 0.00 186
    2020-07-01 $337,450 (5.1%) $657,744 (5.2%) 0.00 171
    2020-08-01 $329,900 (12.2%) $648,171 (9.1%) 0.00 148
    2020-09-01 $320,925 (15.6%) $601,078 (6.7%) 0.00 134
    2020-10-01 $324,900 (14.4%) $627,285 (10.1%) 0.00 111
    2020-11-01 $327,500 (9.2%) $644,314 (7.1%) 0.00 108
    2020-12-01 $299,725 (0.0%) $659,910 (2.8%) 0.00 103
    2021-01-01 $354,900 (9.8%) $658,137 (-3.6%) 0.00 94
    2021-02-01 $337,250 (3.1%) $593,663 (-9.5%) 0.00 85
    2021-03-01 $355,950 (2.9%) $605,739 (-5.1%) 0.00 82
    2021-04-01 $359,725 (3.9%) $596,598 (-4.7%) 0.00 66
    2021-05-01 $331,000 (-2.6%) $565,322 (-9.9%) 0.00 68
    2021-06-01 $341,000 (-2.4%) $587,376 (-12.9%) 0.00 76
    2021-07-01 $399,900 (18.5%) $651,865 (-0.9%) 0.00 73
    2021-08-01 $352,860 (7.0%) $588,933 (-9.1%) 0.00 78
    2021-09-01 $307,225 (-4.3%) $586,199 (-2.5%) 0.00 87
    2021-10-01 $316,400 (-2.6%) $545,199 (-13.1%) 0.00 88
    2021-11-01 $334,500 (2.1%) $528,220 (-18.0%) 0.00 88
    2021-12-01 $327,000 (9.1%) $537,275 (-18.6%) 0.00 78
    2022-01-01 $334,900 (-5.6%) $490,004 (-25.6%) 0.00 79
    2022-02-01 $334,300 (-0.9%) $478,378 (-19.4%) 0.00 80
    2022-03-01 $349,975 (-1.7%) $441,563 (-27.1%) 0.00 77
    2022-04-01 $333,000 (-7.4%) $455,218 (-23.7%) 0.00 81
    2022-05-01 $329,450 (-0.5%) $481,219 (-14.9%) 0.00 76
    2022-06-01 $346,225 (1.5%) $545,424 (-7.1%) 0.00 99
    2022-07-01 $369,900 (-7.5%) $576,483 (-11.6%) 0.00 136
    2022-08-01 $368,675 (4.5%) $537,663 (-8.7%) 0.00 149
    2022-09-01 $353,988 (15.2%) $519,974 (-11.3%) 0.00 149
    2022-10-01 $349,900 (10.6%) $546,946 (0.3%) 0.00 157
    2022-11-01 $357,400 (6.9%) $584,759 (10.7%) 0.00 167
    2022-12-01 $379,900 (16.2%) $661,026 (23.0%) 0.00 151
    2023-01-01 $399,200 (19.2%) $724,269 (47.8%) 0.00 133
    2023-02-01 $399,900 (19.6%) $749,116 (56.6%) 0.00 122
    2023-03-01 $401,950 (14.9%) $795,782 (80.2%) 0.00 114
    2023-04-01 $410,000 (23.1%) $782,233 (71.8%) 0.00 101
    2023-05-01 $448,000 (36.0%) $813,195 (69.0%) 0.00 104
    2023-06-01 $439,675 (27.0%) $737,625 (35.2%) 0.00 107
    2023-07-01 $399,000 (7.9%) $680,224 (18.0%) 0.00 133
    2023-08-01 $388,250 (5.3%) $650,895 (21.1%) 0.00 132
    2023-09-01 $390,000 (10.2%) $635,411 (22.2%) 0.00 139
    2023-10-01 $384,450 (9.9%) $566,400 (3.6%) 0.00 139
    2023-11-01 $385,725 (7.9%) $629,078 (7.6%) 0.00 133
    2023-12-01 $375,000 (-1.3%) $641,177 (-3.0%) 0.00 137
    2024-01-01 $373,375 (-6.5%) $631,104 (-12.9%) 0.00 123
    2024-02-01 $399,225 (-0.2%) $679,358 (-9.3%) 0.00 111
    2024-03-01 $399,900 (-0.5%) $669,282 (-15.9%) 0.00 124
    Cornelia's median listing price for 2024-03-01 was $399,900, a difference of $-2,050 (-0.5%) versus the prior year and $675 versus the prior month.

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

    Cornelia's average listing price for 2024-03-01 was $669,282, a difference of $-126,500 (-15.9%) versus the prior year and $-10,076 versus the prior month.

    For the 2024-03-01 period, Cornelia had 124 MLS listings, a difference of 13 listings (12%) versus the prior month and 10 listings (9%) 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 2,325 sqft
    2018-02-01 0 days 2,457 sqft
    2018-03-01 0 days 2,520 sqft
    2018-04-01 0 days 2,631 sqft
    2018-05-01 0 days 2,616 sqft
    2018-06-01 0 days 2,567 sqft
    2018-07-01 0 days 2,487 sqft
    2018-08-01 0 days 2,495 sqft
    2018-09-01 0 days 2,573 sqft
    2018-10-01 0 days 2,493 sqft
    2018-11-01 0 days 2,416 sqft
    2018-12-01 0 days 2,400 sqft
    2019-01-01 0 days 2,467 sqft
    2019-02-01 0 days 2,592 sqft
    2019-03-01 0 days 2,584 sqft
    2019-04-01 0 days 2,574 sqft
    2019-05-01 0 days 2,582 sqft
    2019-06-01 0 days 2,576 sqft
    2019-07-01 0 days 2,511 sqft
    2019-08-01 0 days 2,431 sqft
    2019-09-01 0 days 2,390 sqft
    2019-10-01 0 days 2,363 sqft
    2019-11-01 0 days 2,333 sqft
    2019-12-01 0 days 2,391 sqft
    2020-01-01 0 days 2,517 sqft
    2020-02-01 0 days 2,464 sqft
    2020-03-01 0 days 2,446 sqft
    2020-04-01 0 days 2,439 sqft
    2020-05-01 0 days 2,531 sqft
    2020-06-01 0 days 2,569 sqft
    2020-07-01 0 days 2,500 sqft
    2020-08-01 0 days 2,431 sqft
    2020-09-01 0 days 2,355 sqft
    2020-10-01 0 days 2,234 sqft
    2020-11-01 0 days 2,332 sqft
    2020-12-01 0 days 2,301 sqft
    2021-01-01 0 days 2,500 sqft
    2021-02-01 0 days 2,182 sqft
    2021-03-01 0 days 2,220 sqft
    2021-04-01 0 days 2,191 sqft
    2021-05-01 0 days 2,044 sqft
    2021-06-01 0 days 2,218 sqft
    2021-07-01 0 days 2,328 sqft
    2021-08-01 0 days 2,166 sqft
    2021-09-01 0 days 2,128 sqft
    2021-10-01 0 days 2,126 sqft
    2021-11-01 0 days 1,984 sqft
    2021-12-01 0 days 2,019 sqft
    2022-01-01 0 days 1,991 sqft
    2022-02-01 0 days 1,880 sqft
    2022-03-01 0 days 1,990 sqft
    2022-04-01 0 days 1,778 sqft
    2022-05-01 0 days 1,733 sqft
    2022-06-01 0 days 1,916 sqft
    2022-07-01 0 days 2,071 sqft
    2022-08-01 0 days 2,179 sqft
    2022-09-01 0 days 2,172 sqft
    2022-10-01 0 days 2,105 sqft
    2022-11-01 0 days 2,215 sqft
    2022-12-01 0 days 2,124 sqft
    2023-01-01 0 days 2,197 sqft
    2023-02-01 0 days 2,189 sqft
    2023-03-01 0 days 2,211 sqft
    2023-04-01 0 days 2,350 sqft
    2023-05-01 0 days 2,395 sqft
    2023-06-01 0 days 2,210 sqft
    2023-07-01 0 days 2,160 sqft
    2023-08-01 0 days 2,143 sqft
    2023-09-01 0 days 2,131 sqft
    2023-10-01 0 days 2,162 sqft
    2023-11-01 0 days 2,164 sqft
    2023-12-01 0 days 2,102 sqft
    2024-01-01 0 days 1,912 sqft
    2024-02-01 0 days 2,179 sqft
    2024-03-01 0 days 2,188 sqft
    Cornelia's median listing age (time on market) for 2024-03-01 was 0 days.

    Cornelia's median square footage for active listings during the 2024-03-01 period was 2,188 sqft. One year prior, the average listing was 2,211 sqft.