Enterprise USDA Loan Rates, Closing Costs & Stats

Enterprise, AL

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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.

    Enterprise's 11 lenders originated 28 USDA loans during 2023. The total origination value was $5,040,000, with an average USDA loan value of $180,000.

    Enterprise USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Enterprise averaged 6.44% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Enterprise's average USDA mortgage closing costs are $3,821.

    The average rate for the prior week (2024-12-06) was 6.28% and one month ago for the week of 2024-11-08, the average rate was 6.39%.

    The average rate one year ago was 6.86%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.1%.

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

    Enterprise 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 Enterprise level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 7.04% $4,670
    UNITED WHOLESALE MORTGAGE, LLC 4 6.09% $9,916
    ENVOY MORTGAGE, LTD 4 6.50% $9,744
    Mortgage Research Center, LLC 4 6.75% $2,707
    Ameris Bank 2 6.81% $7,222
    MOVEMENT MORTGAGE, LLC 1 6.75% $5,818
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $9,462
    Renasant Bank 1 6.88% $4,122
    CROSSCOUNTRY MORTGAGE, LLC 1 7.56% $5,191
    Synovus Bank 1 6.75% $6,205
    Regions Bank 1 6.75% $5,445

    The top Enterprise USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 6 USDA loans originated. Their average total fees are $4,670, which is $5,245 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Enterprise USDA lenders (with over 10 loans originated) are .

    The lowest rate Enterprise USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Enterprise (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 $168,538 (8.0%) $185,289 (0.0%) 0.00 358
    2018-02-01 $166,600 (2.9%) $184,865 (-0.5%) 0.00 369
    2018-03-01 $172,500 (7.3%) $190,699 (4.0%) 0.00 384
    2018-04-01 $171,125 (4.4%) $188,553 (0.3%) 0.00 405
    2018-05-01 $170,000 (0.0%) $196,259 (1.9%) 0.00 476
    2018-06-01 $168,850 (-1.0%) $192,319 (1.3%) 0.00 412
    2018-07-01 $169,825 (-3.0%) $193,499 (1.5%) 0.00 408
    2018-08-01 $174,819 (1.7%) $193,554 (2.6%) 0.00 410
    2018-09-01 $179,900 (6.0%) $198,572 (6.5%) 0.00 391
    2018-10-01 $178,500 (6.0%) $200,473 (8.1%) 0.00 372
    2018-11-01 $179,325 (6.1%) $202,467 (8.6%) 0.00 361
    2018-12-01 $178,500 (8.3%) $200,826 (9.0%) 0.00 365
    2019-01-01 $179,000 (6.2%) $200,373 (8.1%) 0.00 346
    2019-02-01 $178,375 (7.1%) $200,006 (8.2%) 0.00 348
    2019-03-01 $177,286 (2.8%) $203,782 (6.9%) 0.00 338
    2019-04-01 $176,611 (3.2%) $211,393 (12.1%) 0.00 334
    2019-05-01 $178,500 (5.0%) $213,349 (8.7%) 0.00 327
    2019-06-01 $174,950 (3.6%) $214,771 (11.7%) 0.00 314
    2019-07-01 $178,900 (5.3%) $217,089 (12.2%) 0.00 314
    2019-08-01 $180,745 (3.4%) $217,068 (12.2%) 0.00 288
    2019-09-01 $182,014 (1.2%) $216,902 (9.2%) 0.00 269
    2019-10-01 $182,859 (2.4%) $217,802 (8.6%) 0.00 256
    2019-11-01 $178,500 (-0.5%) $212,218 (4.8%) 0.00 252
    2019-12-01 $178,500 (0.0%) $212,366 (5.8%) 0.00 239
    2020-01-01 $179,700 (0.4%) $212,619 (6.1%) 0.00 221
    2020-02-01 $174,950 (-1.9%) $204,985 (2.5%) 0.00 223
    2020-03-01 $170,575 (-3.8%) $207,820 (2.0%) 0.00 219
    2020-04-01 $179,200 (1.5%) $213,285 (0.9%) 0.00 208
    2020-05-01 $187,500 (5.0%) $222,647 (4.4%) 0.00 197
    2020-06-01 $203,750 (16.5%) $236,169 (10.0%) 0.00 172
    2020-07-01 $198,250 (10.8%) $237,274 (9.3%) 0.00 151
    2020-08-01 $199,975 (10.6%) $250,653 (15.5%) 0.00 142
    2020-09-01 $214,725 (18.0%) $265,396 (22.4%) 0.00 119
    2020-10-01 $213,250 (16.6%) $231,582 (6.3%) 0.00 136
    2020-11-01 $197,450 (10.6%) $220,730 (4.0%) 0.00 150
    2020-12-01 $207,375 (16.2%) $230,011 (8.3%) 0.00 151
    2021-01-01 $206,500 (14.9%) $226,841 (6.7%) 0.00 137
    2021-02-01 $195,825 (11.9%) $224,562 (9.6%) 0.00 125
    2021-03-01 $192,475 (12.8%) $238,467 (14.8%) 0.00 103
    2021-04-01 $181,000 (1.0%) $231,377 (8.5%) 0.00 95
    2021-05-01 $199,750 (6.5%) $250,639 (12.6%) 0.00 87
    2021-06-01 $223,625 (9.8%) $257,537 (9.1%) 0.00 97
    2021-07-01 $215,000 (8.5%) $256,173 (8.0%) 0.00 109
    2021-08-01 $202,450 (1.2%) $250,047 (-0.2%) 0.00 114
    2021-09-01 $195,920 (-8.8%) $243,240 (-8.4%) 0.00 104
    2021-10-01 $195,000 (-8.6%) $227,229 (-1.9%) 0.00 109
    2021-11-01 $193,724 (-1.9%) $225,961 (2.4%) 0.00 98
    2021-12-01 $193,724 (-6.6%) $228,539 (-0.6%) 0.00 87
    2022-01-01 $195,000 (-5.6%) $221,393 (-2.4%) 0.00 77
    2022-02-01 $199,000 (1.6%) $239,647 (6.7%) 0.00 63
    2022-03-01 $190,500 (-1.0%) $231,104 (-3.1%) 0.00 60
    2022-04-01 $218,750 (20.9%) $254,411 (10.0%) 0.00 57
    2022-05-01 $246,825 (23.6%) $280,397 (11.9%) 0.00 64
    2022-06-01 $292,200 (30.7%) $307,400 (19.4%) 0.00 82
    2022-07-01 $327,950 (52.5%) $326,524 (27.5%) 0.00 92
    2022-08-01 $335,750 (65.8%) $319,930 (28.0%) 0.00 94
    2022-09-01 $343,500 (75.3%) $321,379 (32.1%) 0.00 100
    2022-10-01 $347,000 (78.0%) $326,703 (43.8%) 0.00 106
    2022-11-01 $336,500 (73.7%) $326,892 (44.7%) 0.00 108
    2022-12-01 $336,000 (73.4%) $335,788 (46.9%) 0.00 107
    2023-01-01 $345,000 (76.9%) $326,613 (47.5%) 0.00 96
    2023-02-01 $347,000 (74.4%) $324,126 (35.3%) 0.00 93
    2023-03-01 $353,725 (85.7%) $337,669 (46.1%) 0.00 106
    2023-04-01 $359,000 (64.1%) $342,234 (34.5%) 0.00 113
    2023-05-01 $359,000 (45.5%) $344,300 (22.8%) 0.00 95
    2023-06-01 $359,425 (23.0%) $339,704 (10.5%) 0.00 106
    2023-07-01 $365,000 (11.3%) $336,313 (3.0%) 0.00 113
    2023-08-01 $356,450 (6.2%) $336,056 (5.0%) 0.00 124
    2023-09-01 $328,000 (-4.5%) $322,351 (0.3%) 0.00 136
    2023-10-01 $322,225 (-7.1%) $322,110 (-1.4%) 0.00 148
    2023-11-01 $315,625 (-6.2%) $323,740 (-1.0%) 0.00 147
    2023-12-01 $273,500 (-18.6%) $303,343 (-9.7%) 0.00 145
    2024-01-01 $275,000 (-20.3%) $304,701 (-6.7%) 0.00 136
    2024-02-01 $281,225 (-19.0%) $305,615 (-5.7%) 0.00 140
    2024-03-01 $259,900 (-26.5%) $300,506 (-11.0%) 0.00 146
    2024-04-01 $298,750 (-16.8%) $312,294 (-8.8%) 0.00 133
    2024-05-01 $336,000 (-6.4%) $346,629 (0.7%) 0.00 134
    2024-06-01 $313,453 (-12.8%) $331,926 (-2.3%) 0.00 153
    2024-07-01 $279,500 (-23.4%) $312,208 (-7.2%) 0.00 174
    2024-08-01 $265,000 (-25.7%) $309,052 (-8.0%) 0.00 177
    2024-09-01 $280,600 (-14.5%) $301,239 (-6.6%) 0.00 204
    2024-10-01 $274,375 (-14.9%) $305,515 (-5.2%) 0.00 202
    2024-11-01 $268,750 (-14.9%) $304,081 (-6.1%) 0.00 206
    Enterprise's median listing price for 2024-11-01 was $268,750, a difference of $-46,875 (-14.9%) versus the prior year and $-5,625 versus the prior month.

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

    Enterprise's average listing price for 2024-11-01 was $304,081, a difference of $-19,659 (-6.1%) versus the prior year and $-1,434 versus the prior month.

    For the 2024-11-01 period, Enterprise had 206 MLS listings, a difference of 4 listings (2%) versus the prior month and 59 listings (40%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Enterprise (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,998 sqft
    2018-02-01 0 days 1,947 sqft
    2018-03-01 0 days 1,949 sqft
    2018-04-01 0 days 1,960 sqft
    2018-05-01 0 days 1,961 sqft
    2018-06-01 0 days 1,956 sqft
    2018-07-01 0 days 1,966 sqft
    2018-08-01 0 days 2,011 sqft
    2018-09-01 0 days 1,988 sqft
    2018-10-01 0 days 2,001 sqft
    2018-11-01 0 days 2,010 sqft
    2018-12-01 0 days 1,968 sqft
    2019-01-01 0 days 1,958 sqft
    2019-02-01 0 days 1,924 sqft
    2019-03-01 0 days 1,937 sqft
    2019-04-01 0 days 1,966 sqft
    2019-05-01 0 days 1,960 sqft
    2019-06-01 0 days 1,947 sqft
    2019-07-01 0 days 2,020 sqft
    2019-08-01 0 days 2,012 sqft
    2019-09-01 0 days 2,002 sqft
    2019-10-01 0 days 1,998 sqft
    2019-11-01 0 days 1,980 sqft
    2019-12-01 0 days 1,974 sqft
    2020-01-01 0 days 1,931 sqft
    2020-02-01 0 days 1,895 sqft
    2020-03-01 0 days 1,986 sqft
    2020-04-01 0 days 2,043 sqft
    2020-05-01 0 days 2,074 sqft
    2020-06-01 0 days 2,136 sqft
    2020-07-01 0 days 2,094 sqft
    2020-08-01 0 days 2,131 sqft
    2020-09-01 0 days 2,092 sqft
    2020-10-01 0 days 2,017 sqft
    2020-11-01 0 days 2,028 sqft
    2020-12-01 0 days 2,049 sqft
    2021-01-01 0 days 1,988 sqft
    2021-02-01 0 days 1,970 sqft
    2021-03-01 0 days 2,000 sqft
    2021-04-01 0 days 1,945 sqft
    2021-05-01 0 days 1,926 sqft
    2021-06-01 0 days 1,981 sqft
    2021-07-01 0 days 2,000 sqft
    2021-08-01 0 days 2,027 sqft
    2021-09-01 0 days 1,951 sqft
    2021-10-01 0 days 1,996 sqft
    2021-11-01 0 days 1,992 sqft
    2021-12-01 0 days 1,912 sqft
    2022-01-01 0 days 1,903 sqft
    2022-02-01 0 days 1,932 sqft
    2022-03-01 0 days 1,751 sqft
    2022-04-01 0 days 1,958 sqft
    2022-05-01 0 days 2,040 sqft
    2022-06-01 0 days 2,219 sqft
    2022-07-01 0 days 2,259 sqft
    2022-08-01 0 days 2,257 sqft
    2022-09-01 0 days 2,234 sqft
    2022-10-01 0 days 2,297 sqft
    2022-11-01 0 days 2,280 sqft
    2022-12-01 0 days 2,260 sqft
    2023-01-01 0 days 2,250 sqft
    2023-02-01 0 days 2,221 sqft
    2023-03-01 0 days 2,223 sqft
    2023-04-01 0 days 2,240 sqft
    2023-05-01 0 days 2,250 sqft
    2023-06-01 0 days 2,293 sqft
    2023-07-01 0 days 2,281 sqft
    2023-08-01 0 days 2,288 sqft
    2023-09-01 0 days 2,114 sqft
    2023-10-01 0 days 2,110 sqft
    2023-11-01 0 days 2,116 sqft
    2023-12-01 0 days 2,105 sqft
    2024-01-01 0 days 2,110 sqft
    2024-02-01 0 days 2,110 sqft
    2024-03-01 0 days 2,063 sqft
    2024-04-01 0 days 2,114 sqft
    2024-05-01 0 days 2,226 sqft
    2024-06-01 0 days 2,192 sqft
    2024-07-01 0 days 2,081 sqft
    2024-08-01 0 days 2,075 sqft
    2024-09-01 0 days 2,100 sqft
    2024-10-01 0 days 2,096 sqft
    2024-11-01 0 days 2,058 sqft
    Enterprise's median listing age (time on market) for 2024-11-01 was 0 days.

    Enterprise's median square footage for active listings during the 2024-11-01 period was 2,058 sqft. One year prior, the average listing was 2,116 sqft.