Cullman USDA Loan Rates, Closing Costs & Stats

Cullman, AL

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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.

    Cullman's 22 lenders originated 57 USDA loans during 2023. The total origination value was $10,995,000, with an average USDA loan value of $192,895.

    Cullman USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Cullman averaged 6.86% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Cullman's average USDA mortgage closing costs are $4,133.

    The average rate for the prior week (2024-04-12) was 6.71% and one month ago for the week of 2024-03-15, the average rate was 6.29%.

    The average rate one year ago was 6.13%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Cullman 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 Cullman level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 10 6.45% $6,744
    UNITED WHOLESALE MORTGAGE, LLC 9 6.29% $6,901
    Gateway First Bank 6 6.04% $3,265
    UNION HOME MORTGAGE CORP. 5 7.00% $7,113
    FirstBank 4 6.31% $6,633
    NEWREZ LLC 4 6.41% $7,099
    TJC Mortgage, Inc. 2 5.94% $9,027
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.37% $5,259
    SouthPoint Bank 2 6.31% $4,618
    STOCKTON MORTGAGE CORPORATION 1 7.25% $7,145
    The Federal Savings Bank 1 6.25% $7,834
    Trustmark National Bank 1 5.88% $4,568
    Ameris Bank 1 6.25% $5,284
    Victorian Finance, LLC 1 4.88% $15,986
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $5,429
    CORNERSTONE HOME LENDING, INC. 1 6.63% $6,893
    CROSSCOUNTRY MORTGAGE, LLC 1 6.50% $6,495
    DHI MORTGAGE COMPANY, LTD. 1 5.99% $4,925
    EAGLE HOME MORTGAGE, LLC 1 4.99% $3,092
    MORTGAGE INVESTORS GROUP, INC. 1 5.50% $6,967
    Paramount Residential Mortgage Group, Inc. 1 5.88% $7,085
    Renasant Bank 1 7.00% $7,104

    The top Cullman USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 10 USDA loans originated. Their average total fees are $6,744, which is $157 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Cullman USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($6,744), .

    The lowest rate Cullman USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (6.45%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Cullman (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 $202,450 (12.1%) $282,025 (9.7%) 0.00 555
    2018-02-01 $210,700 (17.1%) $283,009 (9.2%) 0.00 588
    2018-03-01 $214,900 (13.3%) $284,391 (7.9%) 0.00 577
    2018-04-01 $225,000 (13.7%) $291,264 (8.9%) 0.00 566
    2018-05-01 $225,000 (5.6%) $291,603 (4.4%) 0.00 563
    2018-06-01 $225,000 (-1.0%) $305,121 (3.5%) 0.00 569
    2018-07-01 $229,450 (4.3%) $308,220 (6.0%) 0.00 577
    2018-08-01 $233,325 (9.0%) $312,335 (9.4%) 0.00 587
    2018-09-01 $232,550 (10.8%) $308,604 (9.4%) 0.00 593
    2018-10-01 $225,000 (4.4%) $298,572 (4.9%) 0.00 586
    2018-11-01 $214,675 (-1.1%) $291,827 (2.7%) 0.00 586
    2018-12-01 $212,000 (1.0%) $286,208 (2.3%) 0.00 547
    2019-01-01 $206,950 (2.2%) $295,966 (4.9%) 0.00 527
    2019-02-01 $214,450 (1.8%) $308,191 (8.9%) 0.00 528
    2019-03-01 $220,193 (2.5%) $320,457 (12.7%) 0.00 535
    2019-04-01 $220,943 (-1.8%) $328,539 (12.8%) 0.00 550
    2019-05-01 $219,450 (-2.5%) $328,841 (12.8%) 0.00 566
    2019-06-01 $220,000 (-2.2%) $334,006 (9.5%) 0.00 556
    2019-07-01 $213,132 (-7.1%) $321,054 (4.2%) 0.00 604
    2019-08-01 $211,264 (-9.5%) $316,378 (1.3%) 0.00 637
    2019-09-01 $213,309 (-8.3%) $312,280 (1.2%) 0.00 689
    2019-10-01 $214,900 (-4.5%) $310,414 (4.0%) 0.00 716
    2019-11-01 $220,895 (2.9%) $315,253 (8.0%) 0.00 675
    2019-12-01 $234,450 (10.6%) $323,315 (13.0%) 0.00 622
    2020-01-01 $226,975 (9.7%) $323,580 (9.3%) 0.00 561
    2020-02-01 $234,895 (9.5%) $328,428 (6.6%) 0.00 547
    2020-03-01 $242,370 (10.1%) $333,420 (4.0%) 0.00 534
    2020-04-01 $244,566 (10.7%) $333,503 (1.5%) 0.00 502
    2020-05-01 $246,150 (12.2%) $331,388 (0.8%) 0.00 450
    2020-06-01 $263,375 (19.7%) $339,353 (1.6%) 0.00 366
    2020-07-01 $257,175 (20.7%) $345,137 (7.5%) 0.00 325
    2020-08-01 $252,450 (19.5%) $351,906 (11.2%) 0.00 293
    2020-09-01 $283,700 (33.0%) $368,084 (17.9%) 0.00 257
    2020-10-01 $271,450 (26.3%) $369,946 (19.2%) 0.00 240
    2020-11-01 $251,175 (13.7%) $349,925 (11.0%) 0.00 240
    2020-12-01 $247,400 (5.5%) $342,829 (6.0%) 0.00 230
    2021-01-01 $246,600 (8.7%) $355,427 (9.8%) 0.00 193
    2021-02-01 $262,125 (11.6%) $379,479 (15.5%) 0.00 192
    2021-03-01 $279,900 (15.5%) $397,230 (19.1%) 0.00 186
    2021-04-01 $277,450 (13.5%) $392,293 (17.6%) 0.00 184
    2021-05-01 $279,900 (13.7%) $410,558 (23.9%) 0.00 164
    2021-06-01 $280,554 (6.5%) $399,137 (17.6%) 0.00 171
    2021-07-01 $279,900 (8.8%) $395,812 (14.7%) 0.00 209
    2021-08-01 $292,450 (15.8%) $401,311 (14.0%) 0.00 232
    2021-09-01 $299,225 (5.5%) $397,270 (7.9%) 0.00 246
    2021-10-01 $284,950 (5.0%) $406,381 (9.9%) 0.00 252
    2021-11-01 $297,465 (18.4%) $430,035 (22.9%) 0.00 240
    2021-12-01 $281,200 (13.7%) $424,328 (23.8%) 0.00 206
    2022-01-01 $305,000 (23.7%) $440,609 (24.0%) 0.00 175
    2022-02-01 $294,225 (12.3%) $462,015 (21.8%) 0.00 171
    2022-03-01 $309,593 (10.6%) $497,894 (25.3%) 0.00 179
    2022-04-01 $324,900 (17.1%) $496,664 (26.6%) 0.00 209
    2022-05-01 $326,777 (16.8%) $503,058 (22.5%) 0.00 239
    2022-06-01 $335,885 (19.7%) $513,517 (28.7%) 0.00 286
    2022-07-01 $339,900 (21.4%) $521,073 (31.7%) 0.00 296
    2022-08-01 $344,615 (17.8%) $521,114 (29.9%) 0.00 307
    2022-09-01 $330,256 (10.4%) $487,473 (22.7%) 0.00 324
    2022-10-01 $326,995 (14.8%) $483,394 (19.0%) 0.00 339
    2022-11-01 $320,935 (7.9%) $479,242 (11.4%) 0.00 335
    2022-12-01 $328,030 (16.7%) $494,982 (16.7%) 0.00 369
    2023-01-01 $323,790 (6.2%) $467,735 (6.2%) 0.00 329
    2023-02-01 $318,115 (8.1%) $459,235 (-0.6%) 0.00 283
    2023-03-01 $319,450 (3.2%) $483,549 (-2.9%) 0.00 286
    2023-04-01 $322,031 (-0.9%) $518,641 (4.4%) 0.00 286
    2023-05-01 $321,781 (-1.5%) $519,579 (3.3%) 0.00 289
    2023-06-01 $324,939 (-3.3%) $536,017 (4.4%) 0.00 289
    2023-07-01 $299,900 (-11.8%) $518,957 (-0.4%) 0.00 298
    2023-08-01 $299,130 (-13.2%) $506,465 (-2.8%) 0.00 322
    2023-09-01 $299,900 (-9.2%) $535,915 (9.9%) 0.00 344
    2023-10-01 $289,900 (-11.3%) $549,283 (13.6%) 0.00 327
    2023-11-01 $272,425 (-15.1%) $508,429 (6.1%) 0.00 373
    2023-12-01 $274,900 (-16.2%) $524,674 (6.0%) 0.00 352
    2024-01-01 $281,725 (-13.0%) $568,380 (21.5%) 0.00 324
    2024-02-01 $292,000 (-8.2%) $592,869 (29.1%) 0.00 304
    2024-03-01 $306,550 (-4.0%) $625,557 (29.4%) 0.00 311
    Cullman's median listing price for 2024-03-01 was $306,550, a difference of $-12,900 (-4.0%) versus the prior year and $14,550 versus the prior month.

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

    Cullman's average listing price for 2024-03-01 was $625,557, a difference of $142,008 (29.4%) versus the prior year and $32,688 versus the prior month.

    For the 2024-03-01 period, Cullman had 311 MLS listings, a difference of 7 listings (2%) versus the prior month and 25 listings (9%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Cullman (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,972 sqft
    2018-02-01 0 days 1,992 sqft
    2018-03-01 0 days 1,984 sqft
    2018-04-01 0 days 1,997 sqft
    2018-05-01 0 days 2,000 sqft
    2018-06-01 0 days 2,000 sqft
    2018-07-01 0 days 2,022 sqft
    2018-08-01 0 days 2,065 sqft
    2018-09-01 0 days 2,002 sqft
    2018-10-01 0 days 2,000 sqft
    2018-11-01 0 days 2,000 sqft
    2018-12-01 0 days 1,975 sqft
    2019-01-01 0 days 1,947 sqft
    2019-02-01 0 days 1,989 sqft
    2019-03-01 0 days 2,009 sqft
    2019-04-01 0 days 2,023 sqft
    2019-05-01 0 days 2,022 sqft
    2019-06-01 0 days 2,013 sqft
    2019-07-01 0 days 1,965 sqft
    2019-08-01 0 days 1,954 sqft
    2019-09-01 0 days 1,980 sqft
    2019-10-01 0 days 1,997 sqft
    2019-11-01 0 days 2,037 sqft
    2019-12-01 0 days 2,075 sqft
    2020-01-01 0 days 2,020 sqft
    2020-02-01 0 days 2,016 sqft
    2020-03-01 0 days 2,104 sqft
    2020-04-01 0 days 2,136 sqft
    2020-05-01 0 days 2,133 sqft
    2020-06-01 0 days 2,165 sqft
    2020-07-01 0 days 2,192 sqft
    2020-08-01 0 days 2,227 sqft
    2020-09-01 0 days 2,304 sqft
    2020-10-01 0 days 2,282 sqft
    2020-11-01 0 days 2,191 sqft
    2020-12-01 0 days 2,110 sqft
    2021-01-01 0 days 2,112 sqft
    2021-02-01 0 days 1,977 sqft
    2021-03-01 0 days 2,020 sqft
    2021-04-01 0 days 1,930 sqft
    2021-05-01 0 days 2,015 sqft
    2021-06-01 0 days 2,024 sqft
    2021-07-01 0 days 1,956 sqft
    2021-08-01 0 days 2,046 sqft
    2021-09-01 0 days 2,075 sqft
    2021-10-01 0 days 2,008 sqft
    2021-11-01 0 days 2,023 sqft
    2021-12-01 0 days 1,924 sqft
    2022-01-01 0 days 1,949 sqft
    2022-02-01 0 days 1,930 sqft
    2022-03-01 0 days 1,995 sqft
    2022-04-01 0 days 2,058 sqft
    2022-05-01 0 days 1,998 sqft
    2022-06-01 0 days 1,994 sqft
    2022-07-01 0 days 2,022 sqft
    2022-08-01 0 days 2,040 sqft
    2022-09-01 0 days 1,957 sqft
    2022-10-01 0 days 2,016 sqft
    2022-11-01 0 days 1,993 sqft
    2022-12-01 0 days 1,990 sqft
    2023-01-01 0 days 1,947 sqft
    2023-02-01 0 days 1,910 sqft
    2023-03-01 0 days 1,939 sqft
    2023-04-01 0 days 1,960 sqft
    2023-05-01 0 days 1,950 sqft
    2023-06-01 0 days 1,930 sqft
    2023-07-01 0 days 1,851 sqft
    2023-08-01 0 days 1,832 sqft
    2023-09-01 0 days 1,832 sqft
    2023-10-01 0 days 1,804 sqft
    2023-11-01 0 days 1,804 sqft
    2023-12-01 0 days 1,809 sqft
    2024-01-01 0 days 1,846 sqft
    2024-02-01 0 days 1,850 sqft
    2024-03-01 0 days 1,883 sqft
    Cullman's median listing age (time on market) for 2024-03-01 was 0 days.

    Cullman's median square footage for active listings during the 2024-03-01 period was 1,883 sqft. One year prior, the average listing was 1,939 sqft.