Gadsden USDA Loan Rates, Closing Costs & Stats

GADSDEN, 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.

    Gadsden's 19 lenders originated 48 USDA loans during 2023. The total origination value was $8,490,000, with an average USDA loan value of $176,875.

    Gadsden USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Gadsden averaged 6.54% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Gadsden's average USDA mortgage closing costs are $4,166.

    The average rate for the prior week (2025-02-07) was 6.5% and one month ago for the week of 2025-01-10, the average rate was 6.35%.

    The average rate one year ago was 6.34%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.47%.

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

    Gadsden 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 Gadsden level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.28% $6,051
    GMFS LLC 9 6.58% $2,534
    First Federal Bank, A FSB 8 5.95% $6,537
    GUILD MORTGAGE COMPANY 4 6.66% $6,129
    HUNT MORTGAGE CORPORATION 2 7.25% $5,740
    Renasant Bank 2 6.56% $4,311
    FirstBank 2 6.63% $8,310
    MOVEMENT MORTGAGE, LLC 1 7.13% $7,632
    NEWREZ LLC 1 5.75% $11,333
    PLAZA HOME MORTGAGE, INC. 1 5.63% $3,183
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $7,074
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $8,591
    UNION HOME MORTGAGE CORP. 1 6.13% $5,360
    BROKER SOLUTIONS, INC. 1 7.13% $10,173
    DHI MORTGAGE COMPANY, LTD. 1 5.25% $4,487
    Hamilton Mortgage Corporation 1 5.75% $4,350
    INSPIRE HOME LOANS INC. 1 5.38% $6,594
    LEADERONE FINANCIAL CORPORATION 1 6.63% $7,245
    MORTGAGE INVESTORS GROUP, INC. 1 6.63% $5,835

    The top Gadsden USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 9 USDA loans originated. Their average total fees are $6,051, which is $3,517 higher than the next largest lender, GMFS LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Gadsden (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 $148,450 (8.4%) $188,992 (9.4%) 0.00 451
    2018-02-01 $152,413 (12.8%) $192,072 (11.1%) 0.00 450
    2018-03-01 $154,950 (5.5%) $193,180 (6.6%) 0.00 455
    2018-04-01 $154,950 (3.4%) $190,989 (1.6%) 0.00 473
    2018-05-01 $149,575 (-0.2%) $187,427 (-0.9%) 0.00 474
    2018-06-01 $149,900 (0.0%) $191,696 (2.1%) 0.00 476
    2018-07-01 $149,900 (0.0%) $192,452 (4.0%) 0.00 509
    2018-08-01 $149,900 (0.6%) $189,198 (1.9%) 0.00 518
    2018-09-01 $159,900 (4.2%) $195,883 (2.5%) 0.00 522
    2018-10-01 $159,900 (3.2%) $195,499 (2.7%) 0.00 522
    2018-11-01 $159,900 (3.8%) $195,784 (2.3%) 0.00 500
    2018-12-01 $155,900 (4.0%) $193,873 (3.2%) 0.00 473
    2019-01-01 $149,900 (1.0%) $191,527 (1.3%) 0.00 449
    2019-02-01 $149,675 (-1.8%) $188,608 (-1.8%) 0.00 438
    2019-03-01 $155,757 (0.5%) $193,994 (0.4%) 0.00 422
    2019-04-01 $164,900 (6.4%) $198,598 (4.0%) 0.00 404
    2019-05-01 $169,900 (13.6%) $204,806 (9.3%) 0.00 397
    2019-06-01 $174,700 (16.5%) $204,496 (6.7%) 0.00 399
    2019-07-01 $174,900 (16.7%) $207,933 (8.0%) 0.00 412
    2019-08-01 $169,936 (13.4%) $206,204 (9.0%) 0.00 419
    2019-09-01 $164,291 (2.8%) $205,032 (4.7%) 0.00 427
    2019-10-01 $160,527 (0.4%) $204,334 (4.5%) 0.00 432
    2019-11-01 $169,900 (6.3%) $208,471 (6.5%) 0.00 403
    2019-12-01 $169,900 (9.0%) $211,146 (8.9%) 0.00 381
    2020-01-01 $169,900 (13.3%) $213,650 (11.6%) 0.00 368
    2020-02-01 $165,000 (10.2%) $208,079 (10.3%) 0.00 355
    2020-03-01 $179,900 (15.5%) $218,205 (12.5%) 0.00 311
    2020-04-01 $183,075 (11.0%) $222,147 (11.9%) 0.00 299
    2020-05-01 $179,900 (5.9%) $223,599 (9.2%) 0.00 289
    2020-06-01 $184,425 (5.6%) $227,804 (11.4%) 0.00 268
    2020-07-01 $189,900 (8.6%) $234,581 (12.8%) 0.00 266
    2020-08-01 $175,000 (3.0%) $231,744 (12.4%) 0.00 242
    2020-09-01 $172,400 (4.9%) $229,737 (12.1%) 0.00 214
    2020-10-01 $169,900 (5.8%) $227,044 (11.1%) 0.00 213
    2020-11-01 $169,900 (0.0%) $229,932 (10.3%) 0.00 206
    2020-12-01 $169,900 (0.0%) $230,414 (9.1%) 0.00 202
    2021-01-01 $168,900 (-0.6%) $232,090 (8.6%) 0.00 173
    2021-02-01 $177,450 (7.6%) $243,861 (17.2%) 0.00 136
    2021-03-01 $185,550 (3.1%) $251,617 (15.3%) 0.00 127
    2021-04-01 $188,900 (3.2%) $253,225 (14.0%) 0.00 136
    2021-05-01 $187,900 (4.5%) $260,142 (16.3%) 0.00 118
    2021-06-01 $206,250 (11.8%) $265,990 (16.8%) 0.00 128
    2021-07-01 $229,900 (21.1%) $264,011 (12.6%) 0.00 167
    2021-08-01 $231,150 (32.1%) $273,704 (18.1%) 0.00 170
    2021-09-01 $222,475 (29.1%) $272,359 (18.6%) 0.00 166
    2021-10-01 $199,900 (17.7%) $258,212 (13.7%) 0.00 160
    2021-11-01 $199,900 (17.7%) $239,090 (4.0%) 0.00 160
    2021-12-01 $189,900 (11.8%) $231,831 (0.6%) 0.00 154
    2022-01-01 $196,500 (16.3%) $245,357 (5.7%) 0.00 122
    2022-02-01 $204,250 (15.1%) $245,349 (0.6%) 0.00 100
    2022-03-01 $173,450 (-6.5%) $198,762 (-21.0%) 0.00 127
    2022-04-01 $189,900 (0.5%) $213,605 (-15.7%) 0.00 119
    2022-05-01 $231,150 (23.0%) $258,778 (-0.5%) 0.00 161
    2022-06-01 $218,650 (6.0%) $265,878 (0.0%) 0.00 171
    2022-07-01 $224,900 (-2.2%) $244,412 (-7.4%) 0.00 202
    2022-08-01 $229,468 (-0.7%) $256,177 (-6.4%) 0.00 213
    2022-09-01 $226,000 (1.6%) $264,485 (-2.9%) 0.00 230
    2022-10-01 $225,198 (12.7%) $258,700 (0.2%) 0.00 233
    2022-11-01 $225,000 (12.6%) $258,928 (8.3%) 0.00 243
    2022-12-01 $226,950 (19.5%) $259,629 (12.0%) 0.00 220
    2023-01-01 $224,900 (14.5%) $255,285 (4.1%) 0.00 191
    2023-02-01 $224,950 (10.1%) $258,429 (5.3%) 0.00 190
    2023-03-01 $214,450 (23.6%) $245,865 (23.7%) 0.00 184
    2023-04-01 $237,000 (24.8%) $272,933 (27.8%) 0.00 166
    2023-05-01 $223,475 (-3.3%) $255,303 (-1.3%) 0.00 186
    2023-06-01 $220,600 (0.9%) $255,577 (-3.9%) 0.00 188
    2023-07-01 $220,000 (-2.2%) $263,839 (8.0%) 0.00 187
    2023-08-01 $229,925 (0.2%) $288,831 (12.8%) 0.00 194
    2023-09-01 $229,900 (1.7%) $276,774 (4.7%) 0.00 198
    2023-10-01 $222,500 (-1.2%) $275,459 (6.5%) 0.00 217
    2023-11-01 $233,500 (3.8%) $291,769 (12.7%) 0.00 224
    2023-12-01 $229,900 (1.3%) $288,445 (11.1%) 0.00 230
    2024-01-01 $247,950 (10.3%) $299,045 (17.1%) 0.00 219
    2024-02-01 $250,750 (11.5%) $299,860 (16.0%) 0.00 216
    2024-03-01 $248,000 (15.6%) $294,492 (19.8%) 0.00 235
    2024-04-01 $247,425 (4.4%) $288,490 (5.7%) 0.00 240
    2024-05-01 $247,725 (10.9%) $291,615 (14.2%) 0.00 249
    2024-06-01 $249,000 (12.9%) $303,720 (18.8%) 0.00 275
    2024-07-01 $264,450 (20.2%) $317,018 (20.2%) 0.00 281
    2024-08-01 $260,000 (13.1%) $316,601 (9.6%) 0.00 305
    2024-09-01 $252,400 (9.8%) $315,746 (14.1%) 0.00 325
    2024-10-01 $249,900 (12.3%) $304,208 (10.4%) 0.00 325
    2024-11-01 $249,900 (7.0%) $305,397 (4.7%) 0.00 308
    2024-12-01 $243,450 (5.9%) $301,842 (4.6%) 0.00 291
    2025-01-01 $239,900 (-3.3%) $299,160 (0.0%) 0.00 281
    Gadsden's median listing price for 2025-01-01 was $239,900, a difference of $-8,050 (-3.3%) versus the prior year and $-3,550 versus the prior month.

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

    Gadsden's average listing price for 2025-01-01 was $299,160, a difference of $115 (0.0%) versus the prior year and $-2,682 versus the prior month.

    For the 2025-01-01 period, Gadsden had 281 MLS listings, a difference of -10 listings (-3%) versus the prior month and 62 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Gadsden (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,884 sqft
    2018-02-01 0 days 1,900 sqft
    2018-03-01 0 days 1,900 sqft
    2018-04-01 0 days 1,895 sqft
    2018-05-01 0 days 1,879 sqft
    2018-06-01 0 days 1,897 sqft
    2018-07-01 0 days 1,899 sqft
    2018-08-01 0 days 1,869 sqft
    2018-09-01 0 days 1,900 sqft
    2018-10-01 0 days 1,900 sqft
    2018-11-01 0 days 1,900 sqft
    2018-12-01 0 days 1,900 sqft
    2019-01-01 0 days 1,891 sqft
    2019-02-01 0 days 1,885 sqft
    2019-03-01 0 days 1,942 sqft
    2019-04-01 0 days 2,000 sqft
    2019-05-01 0 days 2,026 sqft
    2019-06-01 0 days 2,083 sqft
    2019-07-01 0 days 2,087 sqft
    2019-08-01 0 days 2,063 sqft
    2019-09-01 0 days 2,032 sqft
    2019-10-01 0 days 2,017 sqft
    2019-11-01 0 days 2,052 sqft
    2019-12-01 0 days 2,059 sqft
    2020-01-01 0 days 2,009 sqft
    2020-02-01 0 days 2,000 sqft
    2020-03-01 0 days 2,070 sqft
    2020-04-01 0 days 2,107 sqft
    2020-05-01 0 days 2,110 sqft
    2020-06-01 0 days 2,118 sqft
    2020-07-01 0 days 2,160 sqft
    2020-08-01 0 days 2,100 sqft
    2020-09-01 0 days 2,053 sqft
    2020-10-01 0 days 2,035 sqft
    2020-11-01 0 days 2,086 sqft
    2020-12-01 0 days 2,021 sqft
    2021-01-01 0 days 2,000 sqft
    2021-02-01 0 days 2,064 sqft
    2021-03-01 0 days 2,145 sqft
    2021-04-01 0 days 2,120 sqft
    2021-05-01 0 days 2,095 sqft
    2021-06-01 0 days 2,100 sqft
    2021-07-01 0 days 2,100 sqft
    2021-08-01 0 days 2,094 sqft
    2021-09-01 0 days 2,058 sqft
    2021-10-01 0 days 2,045 sqft
    2021-11-01 0 days 1,998 sqft
    2021-12-01 0 days 1,988 sqft
    2022-01-01 0 days 1,936 sqft
    2022-02-01 0 days 1,965 sqft
    2022-03-01 0 days 1,740 sqft
    2022-04-01 0 days 1,909 sqft
    2022-05-01 0 days 1,916 sqft
    2022-06-01 0 days 1,914 sqft
    2022-07-01 0 days 1,932 sqft
    2022-08-01 0 days 1,932 sqft
    2022-09-01 0 days 1,931 sqft
    2022-10-01 0 days 1,904 sqft
    2022-11-01 0 days 1,975 sqft
    2022-12-01 0 days 1,975 sqft
    2023-01-01 0 days 1,969 sqft
    2023-02-01 0 days 1,970 sqft
    2023-03-01 0 days 1,938 sqft
    2023-04-01 0 days 2,100 sqft
    2023-05-01 0 days 1,953 sqft
    2023-06-01 0 days 1,919 sqft
    2023-07-01 0 days 1,946 sqft
    2023-08-01 0 days 1,962 sqft
    2023-09-01 0 days 1,934 sqft
    2023-10-01 0 days 1,877 sqft
    2023-11-01 0 days 1,902 sqft
    2023-12-01 0 days 1,963 sqft
    2024-01-01 0 days 2,012 sqft
    2024-02-01 0 days 1,994 sqft
    2024-03-01 0 days 1,900 sqft
    2024-04-01 0 days 1,899 sqft
    2024-05-01 0 days 1,951 sqft
    2024-06-01 0 days 1,958 sqft
    2024-07-01 0 days 2,060 sqft
    2024-08-01 0 days 2,089 sqft
    2024-09-01 0 days 1,963 sqft
    2024-10-01 0 days 1,945 sqft
    2024-11-01 0 days 1,990 sqft
    2024-12-01 0 days 1,989 sqft
    2025-01-01 0 days 1,965 sqft
    Gadsden's median listing age (time on market) for 2025-01-01 was 0 days.

    Gadsden's median square footage for active listings during the 2025-01-01 period was 1,965 sqft. One year prior, the average listing was 2,012 sqft.