Dalton USDA Loans

DALTON, 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.

    Dalton's 41 lenders originated 119 USDA loans during 2021. The total origination value was $21,905,000, with an average USDA loan value of $184,076.

    Dalton USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Dalton averaged 5.57% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

    The average rate for the prior week (2022-05-13) was 5.15% and one month ago for the week of 2022-04-15, the average rate was 5.15%.

    The average rate one year ago was 3.39%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.19%.

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

    Dalton USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Dalton level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 3.17% $5,308
    PRIMELENDING, A PLAINSCAPITAL COMPANY 12 3.17% $6,206
    STOCKTON MORTGAGE CORPORATION 11 3.06% $5,971
    HOMESTAR FINANCIAL CORPORATION 10 3.18% $3,833
    MOVEMENT MORTGAGE, LLC 7 2.84% $6,306
    FirstBank 5 2.75% $4,998
    INSPIRE HOME LOANS INC. 5 3.18% $5,499
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.56% $6,105
    SUCCESS MORTGAGE PARTNERS, INC. 4 2.88% $5,770
    VANDERBILT MORTGAGE AND FINANCE, INC. 3 3.13% $5,565
    BANKSOUTH MORTGAGE COMPANY, LLC 3 2.88% $5,903
    HOME POINT FINANCIAL CORPORATION 3 2.79% $6,085
    South State Bank 3 2.71% $4,274
    CALIBER HOME LOANS, INC. 3 2.75% $5,471
    CRESCENT MORTGAGE COMPANY 2 2.75% $6,167
    TJC Mortgage, Inc. 2 3.06% $5,553
    Colten Mortgage, LLC 2 2.69% $4,985
    Ameris Bank 2 3.25% $5,399
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.50% $1,991
    AMERIFIRST FINANCIAL CORPORATION 1 3.50% $7,753
    SWBC MORTGAGE CORPORATION 1 2.38% $6,795
    THE MORTGAGE FIRM, INC. 1 2.75% $5,384
    UNIVERSAL MORTGAGE & FINANCE, INC. 1 3.25% $5,657
    SUMMIT FUNDING, INC. 1 3.75% $6,073
    ANGEL OAK HOME LOANS LLC 1 2.75% $5,738
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.25% $1,792
    Bank of England 1 3.38% $4,416
    CERTAINTY HOME LOANS, LLC 1 3.25% $5,731
    Citizens Bank 1 2.75% $4,882
    CMG MORTGAGE, INC. 1 3.75% $4,592
    First Option Mortgage, LLC 1 3.00% $6,168
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.50% $5,204
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.13% $5,010
    LEADERONE FINANCIAL CORPORATION 1 3.13% $5,789
    MID AMERICA MORTGAGE, INC. 1 2.99% $1,827
    Mortgage Assurance Inc. 1 2.75% $4,771
    PANORAMA MORTGAGE GROUP, LLC 1 3.50% $6,911
    Prosperity Home Mortgage, LLC 1 2.50% $4,588
    Regions Bank 1 3.25% $5,626
    Renasant Bank 1 3.25% $5,728
    SECURITYNATIONAL MORTGAGE COMPANY 1 3.00% $6,081

    The top Dalton USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 15 USDA loans originated. Their average total fees are $5,308, which is $898 lower than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

    The lowest fee Dalton USDA lenders (with over 10 loans originated) are HOMESTAR FINANCIAL CORPORATION ($3,833), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,308), STOCKTON MORTGAGE CORPORATION ($5,971), PRIMELENDING, A PLAINSCAPITAL COMPANY ($6,206) and .

    The lowest rate Dalton USDA lenders (with over 10 loans originated) are STOCKTON MORTGAGE CORPORATION (3.06%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (3.17%), PRIMELENDING, A PLAINSCAPITAL COMPANY (3.17%), HOMESTAR FINANCIAL CORPORATION (3.18%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Dalton (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 $173,750 (4.0%) $250,244 (7.0%) 0.00 395
    2018-02-01 $179,700 (6.7%) $251,813 (9.9%) 0.00 396
    2018-03-01 $179,900 (7.4%) $256,174 (18.2%) 0.00 396
    2018-04-01 $188,650 (8.5%) $267,562 (19.5%) 0.00 394
    2018-05-01 $189,950 (8.6%) $269,351 (13.5%) 0.00 360
    2018-06-01 $189,900 (7.3%) $263,383 (9.0%) 0.00 383
    2018-07-01 $187,000 (-1.1%) $260,061 (4.0%) 0.00 414
    2018-08-01 $186,500 (2.3%) $263,608 (7.0%) 0.00 401
    2018-09-01 $185,000 (8.8%) $265,114 (9.4%) 0.00 426
    2018-10-01 $189,900 (12.4%) $262,154 (10.1%) 0.00 424
    2018-11-01 $189,950 (11.8%) $265,209 (10.0%) 0.00 410
    2018-12-01 $185,000 (8.8%) $257,525 (6.2%) 0.00 405
    2019-01-01 $185,950 (7.0%) $249,917 (-0.1%) 0.00 383
    2019-02-01 $184,900 (2.9%) $251,206 (-0.2%) 0.00 368
    2019-03-01 $190,800 (6.1%) $253,397 (-1.1%) 0.00 356
    2019-04-01 $191,850 (1.7%) $251,271 (-6.1%) 0.00 330
    2019-05-01 $195,000 (2.7%) $248,056 (-7.9%) 0.00 337
    2019-06-01 $195,000 (2.7%) $256,517 (-2.6%) 0.00 372
    2019-07-01 $189,950 (1.6%) $249,013 (-4.3%) 0.00 372
    2019-08-01 $194,528 (4.3%) $253,676 (-3.8%) 0.00 378
    2019-09-01 $189,900 (2.7%) $249,464 (-5.9%) 0.00 404
    2019-10-01 $194,950 (2.7%) $248,822 (-5.1%) 0.00 428
    2019-11-01 $189,900 (0.0%) $245,710 (-7.4%) 0.00 414
    2019-12-01 $189,950 (2.7%) $244,895 (-4.9%) 0.00 392
    2020-01-01 $186,247 (0.2%) $239,763 (-4.1%) 0.00 365
    2020-02-01 $199,900 (8.1%) $245,815 (-2.2%) 0.00 370
    2020-03-01 $209,450 (9.8%) $249,397 (-1.6%) 0.00 353
    2020-04-01 $214,200 (11.7%) $254,029 (1.1%) 0.00 335
    2020-05-01 $227,900 (16.9%) $265,989 (7.2%) 0.00 301
    2020-06-01 $239,450 (22.8%) $278,433 (8.5%) 0.00 260
    2020-07-01 $244,450 (28.7%) $280,072 (12.5%) 0.00 227
    2020-08-01 $248,000 (27.5%) $293,652 (15.8%) 0.00 207
    2020-09-01 $252,500 (33.0%) $299,547 (20.1%) 0.00 215
    2020-10-01 $250,000 (28.2%) $298,905 (20.1%) 0.00 226
    2020-11-01 $249,900 (31.6%) $287,872 (17.2%) 0.00 245
    2020-12-01 $250,000 (31.6%) $292,309 (19.4%) 0.00 224
    2021-01-01 $249,900 (34.2%) $292,927 (22.2%) 0.00 209
    2021-02-01 $259,950 (30.0%) $306,519 (24.7%) 0.00 150
    2021-03-01 $242,450 (15.8%) $309,082 (23.9%) 0.00 115
    2021-04-01 $247,400 (15.5%) $332,326 (30.8%) 0.00 116
    2021-05-01 $259,000 (13.7%) $347,568 (30.7%) 0.00 124
    2021-06-01 $264,950 (10.7%) $362,989 (30.4%) 0.00 137
    2021-07-01 $255,850 (4.7%) $354,958 (26.7%) 0.00 177
    2021-08-01 $263,450 (6.2%) $349,185 (18.9%) 0.00 222
    2021-09-01 $249,900 (-1.0%) $345,065 (15.2%) 0.00 228
    2021-10-01 $265,000 (6.0%) $368,889 (23.4%) 0.00 242
    2021-11-01 $252,500 (1.0%) $364,888 (26.8%) 0.00 252
    2021-12-01 $249,900 (0.0%) $390,271 (33.5%) 0.00 246
    2022-01-01 $243,900 (-2.4%) $399,106 (36.3%) 0.00 220
    2022-02-01 $254,950 (-1.9%) $411,475 (34.2%) 0.00 187
    2022-03-01 $269,900 (11.3%) $417,216 (35.0%) 0.00 166
    2022-04-01 $279,900 (13.1%) $433,117 (30.3%) 0.00 168
    Dalton's median listing price for 2022-04-01 was $279,900, a difference of $32,500 (13.1%) versus the prior year and $10,000 versus the prior month.

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

    Dalton's average listing price for 2022-04-01 was $433,117, a difference of $100,791 (30.3%) versus the prior year and $15,901 versus the prior month.

    For the 2022-04-01 period, Dalton had 168 MLS listings, a difference of 2 listings (1%) versus the prior month and 52 listings (45%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Dalton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,132 sqft
    2018-02-01 0 days 2,166 sqft
    2018-03-01 0 days 2,158 sqft
    2018-04-01 0 days 2,276 sqft
    2018-05-01 0 days 2,349 sqft
    2018-06-01 0 days 2,334 sqft
    2018-07-01 0 days 2,201 sqft
    2018-08-01 0 days 2,147 sqft
    2018-09-01 0 days 2,100 sqft
    2018-10-01 0 days 2,134 sqft
    2018-11-01 0 days 2,126 sqft
    2018-12-01 0 days 2,051 sqft
    2019-01-01 0 days 2,126 sqft
    2019-02-01 0 days 2,154 sqft
    2019-03-01 0 days 2,216 sqft
    2019-04-01 0 days 2,244 sqft
    2019-05-01 0 days 2,169 sqft
    2019-06-01 0 days 2,160 sqft
    2019-07-01 0 days 2,105 sqft
    2019-08-01 0 days 2,090 sqft
    2019-09-01 0 days 2,021 sqft
    2019-10-01 0 days 1,983 sqft
    2019-11-01 0 days 2,000 sqft
    2019-12-01 0 days 2,000 sqft
    2020-01-01 0 days 2,002 sqft
    2020-02-01 0 days 2,002 sqft
    2020-03-01 0 days 2,080 sqft
    2020-04-01 0 days 2,128 sqft
    2020-05-01 0 days 2,166 sqft
    2020-06-01 0 days 2,290 sqft
    2020-07-01 0 days 2,354 sqft
    2020-08-01 0 days 2,380 sqft
    2020-09-01 0 days 2,421 sqft
    2020-10-01 0 days 2,314 sqft
    2020-11-01 0 days 2,278 sqft
    2020-12-01 0 days 2,276 sqft
    2021-01-01 0 days 2,120 sqft
    2021-02-01 0 days 2,398 sqft
    2021-03-01 0 days 2,194 sqft
    2021-04-01 0 days 2,043 sqft
    2021-05-01 0 days 2,200 sqft
    2021-06-01 0 days 2,042 sqft
    2021-07-01 0 days 2,068 sqft
    2021-08-01 0 days 2,021 sqft
    2021-09-01 0 days 1,813 sqft
    2021-10-01 0 days 1,884 sqft
    2021-11-01 0 days 1,806 sqft
    2021-12-01 0 days 1,759 sqft
    2022-01-01 0 days 1,748 sqft
    2022-02-01 0 days 1,792 sqft
    2022-03-01 0 days 1,850 sqft
    2022-04-01 0 days 1,930 sqft
    Dalton's median listing age (time on market) for 2022-04-01 was 0 days.

    Dalton's median square footage for active listings during the 2022-04-01 period was 1,930 sqft. One year prior, the average listing was 2,043 sqft.