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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.