Cullman USDA Loan Rates, Closing Costs & Stats

Cullman, AL

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 6.64% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

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

The average rate for the prior week (2024-05-10) was 6.58% and one month ago for the week of 2024-04-12, the average rate was 6.51%.

The average rate one year ago was 6.29%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.75%.

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
2024-04-01 $314,925 (-2.2%) $626,469 (20.8%) 0.00 333
Cullman's median listing price for 2024-04-01 was $314,925, a difference of $-7,106 (-2.2%) versus the prior year and $8,375 versus the prior month.

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

Cullman's average listing price for 2024-04-01 was $626,469, a difference of $107,828 (20.8%) versus the prior year and $912 versus the prior month.

For the 2024-04-01 period, Cullman had 333 MLS listings, a difference of 22 listings (7%) versus the prior month and 47 listings (16%) 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
2024-04-01 0 days 1,903 sqft
Cullman's median listing age (time on market) for 2024-04-01 was 0 days.

Cullman's median square footage for active listings during the 2024-04-01 period was 1,903 sqft. One year prior, the average listing was 1,960 sqft.