Georgetown USDA Loan Rates, Closing Costs & Stats

Georgetown, SC

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.

Georgetown's 4 lenders originated 5 USDA loans during 2023. The total origination value was $1,005,000, with an average USDA loan value of $201,000.

Georgetown USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Georgetown averaged 7.03% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Georgetown's average USDA mortgage closing costs are $5,139.

The average rate for the prior week (2024-05-31) was 6.81% and one month ago for the week of 2024-05-03, the average rate was 7.1%.

The average rate one year ago was 6.6%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.8%.

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

Georgetown 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 Georgetown level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
MORTGAGE INVESTORS GROUP, INC. 2 6.87% $6,810
GUILD MORTGAGE COMPANY 1 7.13% $9,968
Servion, Inc. 1 6.13% $5,190
UNION HOME MORTGAGE CORP. 1 6.50% $7,731

The top Georgetown USDA lender as defined by loan originations is MORTGAGE INVESTORS GROUP, INC., with 2 USDA loans originated. Their average total fees are $6,810, which is $3,158 lower than the next largest lender, GUILD MORTGAGE COMPANY.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Georgetown (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 $390,000 (7.5%) $585,751 (6.2%) 0.00 791
2018-02-01 $373,450 (1.0%) $555,033 (-0.4%) 0.00 841
2018-03-01 $379,900 (2.7%) $552,430 (-1.2%) 0.00 896
2018-04-01 $389,500 (4.3%) $565,069 (-0.3%) 0.00 895
2018-05-01 $382,475 (0.0%) $561,529 (-2.1%) 0.00 917
2018-06-01 $375,500 (-2.8%) $564,534 (-2.8%) 0.00 901
2018-07-01 $396,750 (-0.8%) $585,550 (-1.7%) 0.00 875
2018-08-01 $399,925 (0.1%) $602,604 (2.0%) 0.00 869
2018-09-01 $399,900 (0.0%) $591,490 (-0.6%) 0.00 878
2018-10-01 $399,450 (-0.1%) $588,320 (-0.6%) 0.00 883
2018-11-01 $387,625 (-2.9%) $570,566 (-2.2%) 0.00 915
2018-12-01 $374,900 (-6.0%) $558,248 (-5.4%) 0.00 914
2019-01-01 $371,075 (-4.9%) $548,332 (-6.4%) 0.00 876
2019-02-01 $389,000 (4.2%) $561,909 (1.2%) 0.00 866
2019-03-01 $393,671 (3.6%) $655,659 (18.7%) 0.00 892
2019-04-01 $399,450 (2.6%) $659,963 (16.8%) 0.00 911
2019-05-01 $399,450 (4.4%) $575,516 (2.5%) 0.00 896
2019-06-01 $402,500 (7.2%) $580,097 (2.8%) 0.00 870
2019-07-01 $422,450 (6.5%) $579,814 (-1.0%) 0.00 855
2019-08-01 $418,182 (4.6%) $579,338 (-3.9%) 0.00 833
2019-09-01 $407,955 (2.0%) $573,508 (-3.0%) 0.00 820
2019-10-01 $401,136 (0.4%) $569,637 (-3.2%) 0.00 810
2019-11-01 $400,000 (3.2%) $577,210 (1.2%) 0.00 789
2019-12-01 $397,225 (6.0%) $571,690 (2.4%) 0.00 781
2020-01-01 $389,473 (5.0%) $573,311 (4.6%) 0.00 752
2020-02-01 $384,000 (-1.3%) $557,224 (-0.8%) 0.00 779
2020-03-01 $380,975 (-3.2%) $559,246 (-14.7%) 0.00 762
2020-04-01 $385,750 (-3.4%) $554,893 (-15.9%) 0.00 756
2020-05-01 $384,900 (-3.6%) $557,309 (-3.2%) 0.00 741
2020-06-01 $385,779 (-4.2%) $545,839 (-5.9%) 0.00 695
2020-07-01 $388,000 (-8.2%) $558,881 (-3.6%) 0.00 634
2020-08-01 $359,900 (-13.9%) $545,997 (-5.8%) 0.00 591
2020-09-01 $334,875 (-17.9%) $527,063 (-8.1%) 0.00 566
2020-10-01 $343,585 (-14.4%) $528,768 (-7.2%) 0.00 556
2020-11-01 $364,850 (-8.8%) $536,179 (-7.1%) 0.00 530
2020-12-01 $359,499 (-9.5%) $545,397 (-4.6%) 0.00 510
2021-01-01 $359,000 (-7.8%) $552,383 (-3.7%) 0.00 461
2021-02-01 $357,475 (-6.9%) $581,669 (4.4%) 0.00 404
2021-03-01 $360,725 (-5.3%) $603,615 (7.9%) 0.00 331
2021-04-01 $363,250 (-5.8%) $647,772 (16.7%) 0.00 303
2021-05-01 $399,900 (3.9%) $694,081 (24.5%) 0.00 254
2021-06-01 $387,450 (0.4%) $684,664 (25.4%) 0.00 238
2021-07-01 $419,450 (8.1%) $732,495 (31.1%) 0.00 251
2021-08-01 $419,000 (16.4%) $694,169 (27.1%) 0.00 274
2021-09-01 $412,200 (23.1%) $696,493 (32.2%) 0.00 275
2021-10-01 $392,000 (14.1%) $708,145 (33.9%) 0.00 266
2021-11-01 $375,000 (2.8%) $661,198 (23.3%) 0.00 274
2021-12-01 $347,964 (-3.2%) $665,486 (22.0%) 0.00 267
2022-01-01 $362,450 (1.0%) $699,604 (26.7%) 0.00 222
2022-02-01 $344,815 (-3.5%) $726,867 (25.0%) 0.00 172
2022-03-01 $372,500 (3.3%) $760,979 (26.1%) 0.00 158
2022-04-01 $425,000 (17.0%) $782,747 (20.8%) 0.00 160
2022-05-01 $432,000 (8.0%) $743,484 (7.1%) 0.00 186
2022-06-01 $457,700 (18.1%) $765,150 (11.8%) 0.00 214
2022-07-01 $476,450 (13.6%) $763,813 (4.3%) 0.00 229
2022-08-01 $499,450 (19.2%) $789,522 (13.7%) 0.00 251
2022-09-01 $499,225 (21.1%) $779,901 (12.0%) 0.00 237
2022-10-01 $509,900 (30.1%) $773,322 (9.2%) 0.00 234
2022-11-01 $482,000 (28.5%) $715,661 (8.2%) 0.00 242
2022-12-01 $445,000 (27.9%) $665,965 (0.1%) 0.00 240
2023-01-01 $471,998 (30.2%) $669,522 (-4.3%) 0.00 250
2023-02-01 $453,495 (31.5%) $707,401 (-2.7%) 0.00 252
2023-03-01 $456,368 (22.5%) $685,385 (-9.9%) 0.00 275
2023-04-01 $452,395 (6.5%) $698,633 (-10.8%) 0.00 286
2023-05-01 $429,725 (-0.5%) $679,366 (-8.6%) 0.00 271
2023-06-01 $442,225 (-3.4%) $669,114 (-12.6%) 0.00 279
2023-07-01 $462,150 (-3.0%) $671,313 (-12.1%) 0.00 281
2023-08-01 $488,200 (-2.3%) $715,023 (-9.4%) 0.00 284
2023-09-01 $484,500 (-3.0%) $742,244 (-4.8%) 0.00 309
2023-10-01 $492,348 (-3.4%) $765,198 (-1.1%) 0.00 332
2023-11-01 $508,700 (5.5%) $742,619 (3.8%) 0.00 347
2023-12-01 $509,900 (14.6%) $702,203 (5.4%) 0.00 337
2024-01-01 $499,638 (5.9%) $687,989 (2.8%) 0.00 342
2024-02-01 $508,698 (12.2%) $699,554 (-1.1%) 0.00 354
2024-03-01 $499,825 (9.5%) $692,788 (1.1%) 0.00 359
2024-04-01 $475,806 (5.2%) $671,127 (-3.9%) 0.00 389
2024-05-01 $449,000 (4.5%) $642,651 (-5.4%) 0.00 394
Georgetown's median listing price for 2024-05-01 was $449,000, a difference of $19,275 (4.5%) versus the prior year and $-26,806 versus the prior month.

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

Georgetown's average listing price for 2024-05-01 was $642,651, a difference of $-36,715 (-5.4%) versus the prior year and $-28,476 versus the prior month.

For the 2024-05-01 period, Georgetown had 394 MLS listings, a difference of 5 listings (1%) versus the prior month and 123 listings (45%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Georgetown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,101 sqft
2018-02-01 0 days 2,101 sqft
2018-03-01 0 days 2,101 sqft
2018-04-01 0 days 2,101 sqft
2018-05-01 0 days 2,101 sqft
2018-06-01 0 days 2,101 sqft
2018-07-01 0 days 2,201 sqft
2018-08-01 0 days 2,201 sqft
2018-09-01 0 days 2,201 sqft
2018-10-01 0 days 2,201 sqft
2018-11-01 0 days 2,176 sqft
2018-12-01 0 days 2,101 sqft
2019-01-01 0 days 2,051 sqft
2019-02-01 0 days 2,101 sqft
2019-03-01 0 days 2,079 sqft
2019-04-01 0 days 2,051 sqft
2019-05-01 0 days 2,048 sqft
2019-06-01 0 days 2,119 sqft
2019-07-01 0 days 2,150 sqft
2019-08-01 0 days 2,144 sqft
2019-09-01 0 days 2,136 sqft
2019-10-01 0 days 2,130 sqft
2019-11-01 0 days 2,129 sqft
2019-12-01 0 days 2,067 sqft
2020-01-01 0 days 2,050 sqft
2020-02-01 0 days 1,951 sqft
2020-03-01 0 days 1,950 sqft
2020-04-01 0 days 1,950 sqft
2020-05-01 0 days 1,950 sqft
2020-06-01 0 days 1,950 sqft
2020-07-01 0 days 1,950 sqft
2020-08-01 0 days 1,901 sqft
2020-09-01 0 days 1,850 sqft
2020-10-01 0 days 1,850 sqft
2020-11-01 0 days 1,890 sqft
2020-12-01 0 days 1,877 sqft
2021-01-01 0 days 1,900 sqft
2021-02-01 0 days 1,907 sqft
2021-03-01 0 days 1,900 sqft
2021-04-01 0 days 1,928 sqft
2021-05-01 0 days 2,068 sqft
2021-06-01 0 days 1,995 sqft
2021-07-01 0 days 2,006 sqft
2021-08-01 0 days 2,031 sqft
2021-09-01 0 days 2,058 sqft
2021-10-01 0 days 2,038 sqft
2021-11-01 0 days 2,017 sqft
2021-12-01 0 days 1,954 sqft
2022-01-01 0 days 1,992 sqft
2022-02-01 0 days 1,971 sqft
2022-03-01 0 days 1,940 sqft
2022-04-01 0 days 1,940 sqft
2022-05-01 0 days 2,125 sqft
2022-06-01 0 days 2,197 sqft
2022-07-01 0 days 2,158 sqft
2022-08-01 0 days 2,192 sqft
2022-09-01 0 days 2,161 sqft
2022-10-01 0 days 2,158 sqft
2022-11-01 0 days 2,093 sqft
2022-12-01 0 days 2,025 sqft
2023-01-01 0 days 2,112 sqft
2023-02-01 0 days 2,086 sqft
2023-03-01 0 days 2,094 sqft
2023-04-01 0 days 2,049 sqft
2023-05-01 0 days 1,873 sqft
2023-06-01 0 days 1,886 sqft
2023-07-01 0 days 1,850 sqft
2023-08-01 0 days 1,895 sqft
2023-09-01 0 days 1,884 sqft
2023-10-01 0 days 1,874 sqft
2023-11-01 0 days 1,931 sqft
2023-12-01 0 days 1,888 sqft
2024-01-01 0 days 1,882 sqft
2024-02-01 0 days 1,869 sqft
2024-03-01 0 days 1,847 sqft
2024-04-01 0 days 1,801 sqft
2024-05-01 0 days 1,799 sqft
Georgetown's median listing age (time on market) for 2024-05-01 was 0 days.

Georgetown's median square footage for active listings during the 2024-05-01 period was 1,799 sqft. One year prior, the average listing was 1,873 sqft.