Daphne USDA Loan Rates, Closing Costs & Stats

DAPHNE-FAIRHOPE-FOLEY, 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.

Daphne's 25 lenders originated 91 USDA loans during 2024. The total origination value was $25,195,000, with an average USDA loan value of $276,868.

Daphne USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Daphne averaged -0.19% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Daphne's average USDA mortgage closing costs are $4,706.

The average rate for the prior week (2025-06-13) was 6.21% and one month ago for the week of 2025-05-16, the average rate was 6.07%.

The average rate one year ago was 6.39%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.02%.

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

Daphne 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 Daphne level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 59 4.49% $4,727
NEWREZ LLC 3 6.33% $6,958
DSLD MORTGAGE, LLC 3 5.79% $3,830
UNITED WHOLESALE MORTGAGE, LLC 2 5.75% $11,903
GMFS LLC 2 5.88% $4,952
FirstBank 2 5.69% $7,872
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $12,187
BancorpSouth 1 5.25% $11,116
Loan Simple, Inc. 1 7.25% $9,026
Magnolia Bank 1 6.25% $7,752
MOVEMENT MORTGAGE, LLC 1 6.63% $8,250
NORWICH COMMERCIAL GROUP, INC. 1 5.75% $3,677
Plains Commerce Bank 1 6.25% $8,528
Regions Bank 1 5.75% $6,340
Residential Acceptance Corporation 1 7.50% $4,686
Synovus Bank 1 6.25% $4,247
THE MORTGAGE FIRM, INC. 1 6.49% $5,238
Tyndall Federal Credit Union 1 6.38% $7,473
Legends Bank 1 6.88% $5,495
CALCON MUTUAL MORTGAGE LLC 1 6.38% $11,921
CARDINAL FINANCIAL 1 6.25% $5,203
EAGLE HOME MORTGAGE, LLC 1 4.99% $6,624
Equity Prime Mortgage LLC 1 5.88% $7,181
FBC MORTGAGE, LLC 1 4.99% $5,247
GUARANTEED RATE, INC. 1 5.38% $11,246

The top Daphne USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 59 USDA loans originated. Their average total fees are $4,727, which is $2,232 lower than the next largest lender, NEWREZ LLC.

The lowest fee Daphne USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($4,727), .

The lowest rate Daphne USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.49%), .