Dalton USDA Loans

DALTON, 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.

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.