Gainesville USDA Loan Rates, Closing Costs & Stats
GAINESVILLE, 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.
Gainesville's 4 lenders originated 4 USDA loans during 2023. The total origination value was $1,160,000, with an average USDA loan value of $290,000.
Gainesville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Gainesville
averaged
6.24%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Gainesville's average USDA mortgage closing costs are $5,100.
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 6.65%.
The average rate one year ago was 6.44%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.83%.
Gainesville 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 Gainesville level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.75% | $11,574 |
| First Option Mortgage, LLC | 1 | 6.13% | $12,996 |
| GMFS LLC | 1 | 5.63% | $10,852 |
| HOMESTAR FINANCIAL CORPORATION | 1 | 7.00% | $4,131 |
The top Gainesville USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
1 USDA loans originated. Their average total fees are
$11,574, which is $1,422
lower than the next largest lender,
First Option Mortgage, LLC.
The lowest fee Gainesville USDA lenders (with over 10 loans originated) are
.
The lowest rate Gainesville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Gainesville (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 | $317,450 (5.8%) | $428,548 (0.9%) | 1.18 | 840 |
| 2018-02-01 | $322,225 (4.0%) | $429,091 (-0.6%) | 1.18 | 881 |
| 2018-03-01 | $333,111 (4.4%) | $435,876 (1.7%) | 1.18 | 906 |
| 2018-04-01 | $349,900 (7.7%) | $468,659 (8.9%) | 1.19 | 1,006 |
| 2018-05-01 | $349,900 (6.4%) | $447,745 (3.1%) | 1.17 | 1,058 |
| 2018-06-01 | $351,717 (6.6%) | $461,541 (9.0%) | 1.18 | 1,060 |
| 2018-07-01 | $352,746 (8.5%) | $454,052 (7.7%) | 1.18 | 1,065 |
| 2018-08-01 | $355,450 (9.4%) | $457,614 (8.1%) | 1.19 | 1,058 |
| 2018-09-01 | $352,025 (8.3%) | $452,336 (7.4%) | 1.18 | 1,069 |
| 2018-10-01 | $339,900 (4.5%) | $438,615 (4.2%) | 1.15 | 1,218 |
| 2018-11-01 | $339,950 (7.1%) | $441,191 (5.8%) | 1.15 | 1,172 |
| 2018-12-01 | $337,900 (9.5%) | $432,049 (3.4%) | 1.17 | 1,160 |
| 2019-01-01 | $338,450 (6.6%) | $443,034 (3.4%) | 1.17 | 1,084 |
| 2019-02-01 | $347,953 (8.0%) | $471,391 (9.9%) | 1.17 | 1,055 |
| 2019-03-01 | $328,471 (-1.4%) | $442,117 (1.4%) | 1.07 | 1,206 |
| 2019-04-01 | $299,900 (-14.3%) | $390,673 (-16.6%) | 0.95 | 1,471 |
| 2019-05-01 | $299,900 (-14.3%) | $393,158 (-12.2%) | 0.94 | 1,512 |
| 2019-06-01 | $289,700 (-17.6%) | $394,889 (-14.4%) | 0.91 | 1,544 |
| 2019-07-01 | $286,722 (-18.7%) | $395,220 (-13.0%) | 0.90 | 1,559 |
| 2019-08-01 | $285,267 (-19.7%) | $387,951 (-15.2%) | 0.90 | 1,542 |
| 2019-09-01 | $285,668 (-18.9%) | $379,542 (-16.1%) | 0.92 | 1,481 |
| 2019-10-01 | $304,855 (-10.3%) | $406,372 (-7.4%) | 0.99 | 1,225 |
| 2019-11-01 | $322,980 (-5.0%) | $438,742 (-0.6%) | 1.06 | 1,010 |
| 2019-12-01 | $321,265 (-4.9%) | $440,222 (1.9%) | 1.07 | 969 |
| 2020-01-01 | $318,243 (-6.0%) | $447,270 (1.0%) | 1.06 | 902 |
| 2020-02-01 | $324,000 (-6.9%) | $458,702 (-2.7%) | 1.05 | 881 |
| 2020-03-01 | $341,401 (3.9%) | $470,286 (6.4%) | 1.07 | 939 |
| 2020-04-01 | $342,992 (14.4%) | $473,103 (21.1%) | 1.07 | 975 |
| 2020-05-01 | $350,000 (16.7%) | $487,135 (23.9%) | 1.06 | 916 |
| 2020-06-01 | $353,048 (21.9%) | $492,891 (24.8%) | 1.04 | 794 |
| 2020-07-01 | $352,450 (22.9%) | $499,084 (26.3%) | 1.02 | 746 |
| 2020-08-01 | $365,000 (28.0%) | $512,720 (32.2%) | 1.05 | 660 |
| 2020-09-01 | $369,550 (29.4%) | $540,678 (42.5%) | 1.07 | 589 |
| 2020-10-01 | $362,500 (18.9%) | $521,444 (28.3%) | 1.04 | 570 |
| 2020-11-01 | $363,500 (12.6%) | $540,629 (23.2%) | 1.06 | 508 |
| 2020-12-01 | $363,100 (13.0%) | $549,093 (24.7%) | 1.06 | 457 |
| 2021-01-01 | $369,900 (16.2%) | $572,317 (28.0%) | 1.09 | 372 |
| 2021-02-01 | $398,843 (23.1%) | $611,483 (33.3%) | 1.16 | 281 |
| 2021-03-01 | $385,283 (12.9%) | $616,486 (31.1%) | 1.09 | 282 |
| 2021-04-01 | $409,450 (19.4%) | $671,321 (41.9%) | 1.12 | 267 |
| 2021-05-01 | $444,875 (27.1%) | $671,413 (37.8%) | 1.17 | 277 |
| 2021-06-01 | $420,752 (19.2%) | $693,245 (40.7%) | 1.11 | 319 |
| 2021-07-01 | $420,000 (19.2%) | $708,695 (42.0%) | 1.11 | 397 |
| 2021-08-01 | $418,000 (14.5%) | $659,716 (28.7%) | 1.11 | 428 |
| 2021-09-01 | $426,000 (15.3%) | $626,143 (15.8%) | 1.14 | 413 |
| 2021-10-01 | $449,899 (24.1%) | $628,286 (20.5%) | 1.20 | 405 |
| 2021-11-01 | $469,365 (29.1%) | $637,495 (17.9%) | 1.25 | 401 |
| 2021-12-01 | $461,750 (27.2%) | $644,989 (17.5%) | 1.25 | 354 |
| 2022-01-01 | $459,396 (24.2%) | $631,894 (10.4%) | 1.24 | 292 |
| 2022-02-01 | $459,950 (15.3%) | $614,619 (0.5%) | 1.20 | 303 |
| 2022-03-01 | $487,267 (26.5%) | $621,024 (0.7%) | 1.22 | 315 |
| 2022-04-01 | $496,225 (21.2%) | $664,164 (-1.1%) | 1.19 | 336 |
| 2022-05-01 | $498,190 (12.0%) | $657,382 (-2.1%) | 1.14 | 412 |
| 2022-06-01 | $514,150 (22.2%) | $667,907 (-3.7%) | 1.15 | 501 |
| 2022-07-01 | $501,915 (19.5%) | $653,013 (-7.9%) | 1.13 | 606 |
| 2022-08-01 | $499,450 (19.5%) | $616,679 (-6.5%) | 1.15 | 658 |
| 2022-09-01 | $493,609 (15.9%) | $606,442 (-3.2%) | 1.15 | 684 |
| 2022-10-01 | $484,995 (7.8%) | $586,163 (-6.7%) | 1.14 | 686 |
| 2022-11-01 | $476,645 (1.6%) | $566,613 (-11.1%) | 1.15 | 672 |
| 2022-12-01 | $479,000 (3.7%) | $576,277 (-10.7%) | 1.18 | 605 |
| 2023-01-01 | $478,320 (4.1%) | $576,744 (-8.7%) | 1.19 | 529 |
| 2023-02-01 | $477,000 (3.7%) | $591,366 (-3.8%) | 1.15 | 493 |
| 2023-03-01 | $470,000 (-3.5%) | $596,407 (-4.0%) | 1.12 | 493 |
| 2023-04-01 | $494,288 (-0.4%) | $668,411 (0.6%) | 1.15 | 435 |
| 2023-05-01 | $496,104 (-0.4%) | $694,883 (5.7%) | 1.13 | 438 |
| 2023-06-01 | $496,430 (-3.5%) | $690,876 (3.4%) | 1.12 | 492 |
| 2023-07-01 | $495,250 (-1.3%) | $671,540 (2.8%) | 1.13 | 494 |
| 2023-08-01 | $480,445 (-3.8%) | $674,980 (9.5%) | 1.11 | 534 |
| 2023-09-01 | $475,900 (-3.6%) | $660,590 (8.9%) | 1.12 | 522 |
| 2023-10-01 | $483,870 (-0.2%) | $636,923 (8.7%) | 1.15 | 538 |
| 2023-11-01 | $486,814 (2.1%) | $646,791 (14.2%) | 1.16 | 582 |
| 2023-12-01 | $494,605 (3.3%) | $664,747 (15.4%) | 1.21 | 575 |
| 2024-01-01 | $510,733 (6.8%) | $673,792 (16.8%) | 1.25 | 524 |
| 2024-02-01 | $522,445 (9.5%) | $698,090 (18.1%) | 1.26 | 516 |
| 2024-03-01 | $539,900 (14.9%) | $711,198 (19.3%) | 1.27 | 520 |
| 2024-04-01 | $548,425 (11.0%) | $717,019 (7.3%) | 1.27 | 545 |
| 2024-05-01 | $544,456 (9.8%) | $738,120 (6.2%) | 1.24 | 609 |
| 2024-06-01 | $544,900 (9.8%) | $732,514 (6.0%) | 1.23 | 659 |
| 2024-07-01 | $543,300 (9.7%) | $739,207 (10.1%) | 1.24 | 730 |
| 2024-08-01 | $520,000 (8.2%) | $719,982 (6.7%) | 1.20 | 778 |
| 2024-09-01 | $502,500 (5.6%) | $711,393 (7.7%) | 1.18 | 790 |
| 2024-10-01 | $494,500 (2.2%) | $698,675 (9.7%) | 1.16 | 833 |
| 2024-11-01 | $488,450 (0.3%) | $691,833 (7.0%) | 1.17 | 846 |
| 2024-12-01 | $484,629 (-2.0%) | $698,411 (5.1%) | 1.20 | 807 |
| 2025-01-01 | $491,293 (-3.8%) | $697,517 (3.5%) | 0.00 | 772 |
Gainesville's median listing price comes in at 0% of the national average.
Gainesville's average listing price for 2025-01-01 was $697,517, a difference of $23,725 (3.5%) versus the prior year and $-894 versus the prior month.
For the 2025-01-01 period, Gainesville had 772 MLS listings, a difference of -35 listings (-4%) versus the prior month and 248 listings (47%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Gainesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 80 days | 2,590 sqft |
| 2018-02-01 | 78 days | 2,645 sqft |
| 2018-03-01 | 60 days | 2,651 sqft |
| 2018-04-01 | 60 days | 2,670 sqft |
| 2018-05-01 | 59 days | 2,690 sqft |
| 2018-06-01 | 71 days | 2,767 sqft |
| 2018-07-01 | 77 days | 2,747 sqft |
| 2018-08-01 | 78 days | 2,790 sqft |
| 2018-09-01 | 72 days | 2,790 sqft |
| 2018-10-01 | 75 days | 2,676 sqft |
| 2018-11-01 | 79 days | 2,659 sqft |
| 2018-12-01 | 86 days | 2,637 sqft |
| 2019-01-01 | 86 days | 2,648 sqft |
| 2019-02-01 | 79 days | 2,693 sqft |
| 2019-03-01 | 76 days | 2,765 sqft |
| 2019-04-01 | 72 days | 2,773 sqft |
| 2019-05-01 | 64 days | 2,782 sqft |
| 2019-06-01 | 65 days | 2,700 sqft |
| 2019-07-01 | 74 days | 2,730 sqft |
| 2019-08-01 | 78 days | 2,749 sqft |
| 2019-09-01 | 80 days | 2,720 sqft |
| 2019-10-01 | 78 days | 2,652 sqft |
| 2019-11-01 | 78 days | 2,600 sqft |
| 2019-12-01 | 80 days | 2,600 sqft |
| 2020-01-01 | 77 days | 2,572 sqft |
| 2020-02-01 | 68 days | 2,577 sqft |
| 2020-03-01 | 56 days | 2,694 sqft |
| 2020-04-01 | 59 days | 2,685 sqft |
| 2020-05-01 | 74 days | 2,684 sqft |
| 2020-06-01 | 81 days | 2,769 sqft |
| 2020-07-01 | 67 days | 2,744 sqft |
| 2020-08-01 | 60 days | 2,769 sqft |
| 2020-09-01 | 59 days | 2,789 sqft |
| 2020-10-01 | 52 days | 2,733 sqft |
| 2020-11-01 | 55 days | 2,667 sqft |
| 2020-12-01 | 66 days | 2,695 sqft |
| 2021-01-01 | 67 days | 2,726 sqft |
| 2021-02-01 | 43 days | 2,729 sqft |
| 2021-03-01 | 38 days | 2,568 sqft |
| 2021-04-01 | 41 days | 2,815 sqft |
| 2021-05-01 | 33 days | 2,827 sqft |
| 2021-06-01 | 33 days | 2,629 sqft |
| 2021-07-01 | 31 days | 2,707 sqft |
| 2021-08-01 | 42 days | 2,618 sqft |
| 2021-09-01 | 48 days | 2,626 sqft |
| 2021-10-01 | 53 days | 2,680 sqft |
| 2021-11-01 | 51 days | 2,701 sqft |
| 2021-12-01 | 58 days | 2,569 sqft |
| 2022-01-01 | 60 days | 2,500 sqft |
| 2022-02-01 | 33 days | 2,449 sqft |
| 2022-03-01 | 36 days | 2,519 sqft |
| 2022-04-01 | 34 days | 2,604 sqft |
| 2022-05-01 | 31 days | 2,541 sqft |
| 2022-06-01 | 30 days | 2,653 sqft |
| 2022-07-01 | 35 days | 2,584 sqft |
| 2022-08-01 | 47 days | 2,537 sqft |
| 2022-09-01 | 51 days | 2,493 sqft |
| 2022-10-01 | 54 days | 2,491 sqft |
| 2022-11-01 | 65 days | 2,496 sqft |
| 2022-12-01 | 77 days | 2,517 sqft |
| 2023-01-01 | 87 days | 2,549 sqft |
| 2023-02-01 | 58 days | 2,476 sqft |
| 2023-03-01 | 44 days | 2,433 sqft |
| 2023-04-01 | 42 days | 2,499 sqft |
| 2023-05-01 | 39 days | 2,532 sqft |
| 2023-06-01 | 37 days | 2,528 sqft |
| 2023-07-01 | 44 days | 2,537 sqft |
| 2023-08-01 | 47 days | 2,515 sqft |
| 2023-09-01 | 49 days | 2,470 sqft |
| 2023-10-01 | 47 days | 2,500 sqft |
| 2023-11-01 | 51 days | 2,495 sqft |
| 2023-12-01 | 58 days | 2,470 sqft |
| 2024-01-01 | 60 days | 2,554 sqft |
| 2024-02-01 | 47 days | 2,573 sqft |
| 2024-03-01 | 45 days | 2,627 sqft |
| 2024-04-01 | 44 days | 2,638 sqft |
| 2024-05-01 | 37 days | 2,654 sqft |
| 2024-06-01 | 42 days | 2,621 sqft |
| 2024-07-01 | 44 days | 2,611 sqft |
| 2024-08-01 | 49 days | 2,546 sqft |
| 2024-09-01 | 54 days | 2,510 sqft |
| 2024-10-01 | 52 days | 2,458 sqft |
| 2024-11-01 | 54 days | 2,438 sqft |
| 2024-12-01 | 65 days | 2,416 sqft |
| 2025-01-01 | 0 days | 2,426 sqft |
Gainesville's median square footage for active listings during the 2025-01-01 period was 2,426 sqft. One year prior, the average listing was 2,554 sqft.