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 6.59% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.57% and one month ago for the week of 2024-10-04, the average rate was 5.99%.

    The average rate one year ago was 7.33%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.62%.

    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%) $189,116 (9.4%) 0.00 450
    2018-02-01 $152,738 (13.0%) $192,205 (11.1%) 0.00 449
    2018-03-01 $155,000 (5.4%) $193,312 (6.6%) 0.00 455
    2018-04-01 $155,175 (3.5%) $191,110 (1.6%) 0.00 472
    2018-05-01 $149,700 (-0.1%) $187,542 (-0.9%) 0.00 473
    2018-06-01 $149,900 (0.0%) $191,817 (2.2%) 0.00 475
    2018-07-01 $149,900 (0.0%) $192,571 (4.0%) 0.00 508
    2018-08-01 $149,900 (0.6%) $189,307 (1.9%) 0.00 517
    2018-09-01 $159,900 (4.2%) $195,883 (2.5%) 0.00 521
    2018-10-01 $159,900 (3.2%) $195,499 (2.7%) 0.00 522
    2018-11-01 $159,900 (3.4%) $195,784 (2.2%) 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 (-2.0%) $188,608 (-1.9%) 0.00 438
    2019-03-01 $155,757 (0.5%) $193,994 (0.4%) 0.00 422
    2019-04-01 $164,900 (6.3%) $198,598 (3.9%) 0.00 404
    2019-05-01 $169,900 (13.5%) $204,806 (9.2%) 0.00 397
    2019-06-01 $174,700 (16.5%) $204,496 (6.6%) 0.00 399
    2019-07-01 $174,900 (16.7%) $207,933 (8.0%) 0.00 412
    2019-08-01 $169,936 (13.4%) $206,077 (8.9%) 0.00 419
    2019-09-01 $164,291 (2.8%) $204,714 (4.5%) 0.00 426
    2019-10-01 $160,425 (0.3%) $203,894 (4.3%) 0.00 431
    2019-11-01 $169,900 (6.3%) $207,990 (6.2%) 0.00 402
    2019-12-01 $169,900 (9.0%) $210,659 (8.7%) 0.00 380
    2020-01-01 $169,900 (13.3%) $213,145 (11.3%) 0.00 367
    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 (12.5%) 0.00 242
    2020-09-01 $172,400 (4.9%) $229,737 (12.2%) 0.00 214
    2020-10-01 $169,900 (5.9%) $227,044 (11.4%) 0.00 213
    2020-11-01 $169,900 (0.0%) $229,932 (10.6%) 0.00 206
    2020-12-01 $169,900 (0.0%) $230,414 (9.4%) 0.00 202
    2021-01-01 $168,900 (-0.6%) $232,090 (8.9%) 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 $207,500 (12.5%) $265,886 (16.7%) 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%) $239,881 (4.3%) 0.00 160
    2021-12-01 $189,900 (11.8%) $233,642 (1.4%) 0.00 155
    2022-01-01 $198,000 (17.2%) $247,562 (6.7%) 0.00 123
    2022-02-01 $205,725 (15.9%) $247,703 (1.6%) 0.00 101
    2022-03-01 $174,450 (-6.0%) $201,022 (-20.1%) 0.00 128
    2022-04-01 $192,400 (1.9%) $215,856 (-14.8%) 0.00 120
    2022-05-01 $231,175 (23.0%) $258,654 (-0.6%) 0.00 162
    2022-06-01 $219,900 (6.0%) $267,037 (0.4%) 0.00 172
    2022-07-01 $224,900 (-2.2%) $245,569 (-7.0%) 0.00 203
    2022-08-01 $229,945 (-0.5%) $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 (7.9%) 0.00 243
    2022-12-01 $226,950 (19.5%) $259,629 (11.1%) 0.00 220
    2023-01-01 $224,900 (13.6%) $255,285 (3.1%) 0.00 191
    2023-02-01 $224,950 (9.3%) $258,429 (4.3%) 0.00 190
    2023-03-01 $214,450 (22.9%) $245,865 (22.3%) 0.00 184
    2023-04-01 $237,000 (23.2%) $272,933 (26.4%) 0.00 166
    2023-05-01 $223,475 (-3.3%) $255,303 (-1.3%) 0.00 186
    2023-06-01 $220,600 (0.3%) $255,577 (-4.3%) 0.00 188
    2023-07-01 $220,000 (-2.2%) $263,839 (7.4%) 0.00 187
    2023-08-01 $229,925 (0.0%) $288,831 (12.8%) 0.00 194
    2023-09-01 $229,900 (1.7%) $280,021 (5.9%) 0.00 199
    2023-10-01 $223,725 (-0.7%) $277,651 (7.3%) 0.00 218
    2023-11-01 $237,725 (5.7%) $293,773 (13.5%) 0.00 225
    2023-12-01 $230,950 (1.8%) $290,317 (11.8%) 0.00 231
    2024-01-01 $248,225 (10.4%) $301,002 (17.9%) 0.00 220
    2024-02-01 $252,225 (12.1%) $301,817 (16.8%) 0.00 217
    2024-03-01 $248,950 (16.1%) $296,370 (20.5%) 0.00 236
    2024-04-01 $247,450 (4.4%) $290,126 (6.3%) 0.00 241
    2024-05-01 $248,450 (11.2%) $295,340 (15.7%) 0.00 250
    2024-06-01 $249,000 (12.9%) $306,211 (19.8%) 0.00 275
    2024-07-01 $264,450 (20.2%) $317,018 (20.2%) 0.00 281
    2024-08-01 $259,950 (13.1%) $316,403 (9.6%) 0.00 306
    2024-09-01 $251,175 (9.3%) $315,555 (12.7%) 0.00 326
    2024-10-01 $249,900 (11.7%) $304,208 (9.6%) 0.00 326
    Gadsden's median listing price for 2024-10-01 was $249,900, a difference of $26,175 (11.7%) versus the prior year and $-1,275 versus the prior month.

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

    Gadsden's average listing price for 2024-10-01 was $304,208, a difference of $26,557 (9.6%) versus the prior year and $-11,347 versus the prior month.

    For the 2024-10-01 period, Gadsden had 326 MLS listings, a difference of 0 listings (0%) versus the prior month and 108 listings (50%) 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 1,897 sqft
    2018-05-01 0 days 1,879 sqft
    2018-06-01 0 days 1,900 sqft
    2018-07-01 0 days 1,900 sqft
    2018-08-01 0 days 1,872 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 2,028 sqft
    2019-06-01 0 days 2,084 sqft
    2019-07-01 0 days 2,091 sqft
    2019-08-01 0 days 2,065 sqft
    2019-09-01 0 days 2,033 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 2,075 sqft
    2020-04-01 0 days 2,110 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 2,105 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 1,992 sqft
    2022-01-01 0 days 1,936 sqft
    2022-02-01 0 days 1,973 sqft
    2022-03-01 0 days 1,753 sqft
    2022-04-01 0 days 1,915 sqft
    2022-05-01 0 days 1,919 sqft
    2022-06-01 0 days 1,918 sqft
    2022-07-01 0 days 1,936 sqft
    2022-08-01 0 days 1,934 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 1,874 sqft
    2023-11-01 0 days 1,899 sqft
    2023-12-01 0 days 1,958 sqft
    2024-01-01 0 days 2,007 sqft
    2024-02-01 0 days 1,983 sqft
    2024-03-01 0 days 1,894 sqft
    2024-04-01 0 days 1,877 sqft
    2024-05-01 0 days 1,958 sqft
    2024-06-01 0 days 1,958 sqft
    2024-07-01 0 days 2,056 sqft
    2024-08-01 0 days 2,091 sqft
    2024-09-01 0 days 1,969 sqft
    2024-10-01 0 days 1,946 sqft
    Gadsden's median listing age (time on market) for 2024-10-01 was 0 days.

    Gadsden's median square footage for active listings during the 2024-10-01 period was 1,946 sqft. One year prior, the average listing was 1,874 sqft.