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 10 lenders originated 14 USDA loans during 2022. The total origination value was $2,750,000, with an average USDA loan value of $196,429.
Georgetown USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Georgetown
averaged
-0.58%
for the week of 2023-11-24, compared to the national average (all USDA variants) of
0% for the same period.
Georgetown's average USDA mortgage closing costs are $5,016.
The average rate for the prior week (2023-11-17) was
6.61% and
one month ago for the week of 2023-10-20, the
average rate was 7.03%.
The average rate one year ago was 5.77%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.44%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| Ameris Bank | 3 | 5.46% | $10,116 |
| SOUTHPOINT FINANCIAL SERVICES, INC. | 3 | 5.08% | $4,328 |
| Bank of England | 1 | 4.50% | $9,032 |
| Carrington Mortgage Services, LLC | 1 | 2.63% | $5,344 |
| CMG MORTGAGE, INC. | 1 | 5.13% | $8,134 |
| Flagstar Bank, FSB | 1 | 2.75% | $6,236 |
| Gateway First Bank | 1 | 4.63% | $8,674 |
| MOVEMENT MORTGAGE, LLC | 1 | 5.25% | $9,905 |
| Renasant Bank | 1 | 5.50% | $5,527 |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 1 | 3.75% | $7,035 |
The top Georgetown USDA lender as defined by loan originations is Ameris Bank, with
3 USDA loans originated. Their average total fees are
$10,116, which is $5,788
higher than the next largest lender,
SOUTHPOINT FINANCIAL SERVICES, INC..
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 | $389,750 (9.9%) | $580,223 (6.2%) | 0.00 | 813 |
| 2018-02-01 | $372,450 (2.7%) | $549,377 (-0.4%) | 0.00 | 861 |
| 2018-03-01 | $379,000 (3.6%) | $547,061 (-1.1%) | 0.00 | 918 |
| 2018-04-01 | $383,450 (3.7%) | $559,797 (-0.1%) | 0.00 | 915 |
| 2018-05-01 | $377,450 (-0.1%) | $555,478 (-2.0%) | 0.00 | 942 |
| 2018-06-01 | $373,950 (-1.9%) | $558,663 (-2.7%) | 0.00 | 926 |
| 2018-07-01 | $393,725 (-1.3%) | $581,753 (-1.0%) | 0.00 | 893 |
| 2018-08-01 | $399,450 (0.0%) | $598,005 (2.2%) | 0.00 | 891 |
| 2018-09-01 | $399,000 (-0.2%) | $586,703 (-0.8%) | 0.00 | 896 |
| 2018-10-01 | $398,125 (-0.5%) | $583,435 (-1.0%) | 0.00 | 903 |
| 2018-11-01 | $383,125 (-4.1%) | $564,588 (-2.9%) | 0.00 | 937 |
| 2018-12-01 | $369,445 (-7.4%) | $552,314 (-6.0%) | 0.00 | 941 |
| 2019-01-01 | $369,900 (-5.1%) | $545,498 (-6.0%) | 0.00 | 899 |
| 2019-02-01 | $388,279 (4.3%) | $561,686 (2.2%) | 0.00 | 886 |
| 2019-03-01 | $393,671 (3.9%) | $653,610 (19.5%) | 0.00 | 911 |
| 2019-04-01 | $399,000 (4.1%) | $657,055 (17.4%) | 0.00 | 929 |
| 2019-05-01 | $398,750 (5.6%) | $573,409 (3.2%) | 0.00 | 917 |
| 2019-06-01 | $399,900 (6.9%) | $577,335 (3.3%) | 0.00 | 893 |
| 2019-07-01 | $415,673 (5.6%) | $578,390 (-0.6%) | 0.00 | 876 |
| 2019-08-01 | $417,387 (4.5%) | $577,135 (-3.5%) | 0.00 | 854 |
| 2019-09-01 | $407,551 (2.1%) | $570,080 (-2.8%) | 0.00 | 843 |
| 2019-10-01 | $399,950 (0.5%) | $565,747 (-3.0%) | 0.00 | 836 |
| 2019-11-01 | $399,900 (4.4%) | $573,371 (1.6%) | 0.00 | 812 |
| 2019-12-01 | $390,750 (5.8%) | $566,387 (2.6%) | 0.00 | 804 |
| 2020-01-01 | $386,950 (4.6%) | $566,482 (3.9%) | 0.00 | 773 |
| 2020-02-01 | $379,900 (-2.2%) | $554,941 (-1.2%) | 0.00 | 806 |
| 2020-03-01 | $379,900 (-3.5%) | $557,775 (-14.7%) | 0.00 | 788 |
| 2020-04-01 | $383,225 (-4.0%) | $554,560 (-15.6%) | 0.00 | 782 |
| 2020-05-01 | $384,900 (-3.5%) | $557,212 (-2.8%) | 0.00 | 763 |
| 2020-06-01 | $383,473 (-4.1%) | $545,457 (-5.5%) | 0.00 | 714 |
| 2020-07-01 | $385,604 (-7.2%) | $560,252 (-3.1%) | 0.00 | 650 |
| 2020-08-01 | $359,900 (-13.8%) | $548,016 (-5.1%) | 0.00 | 608 |
| 2020-09-01 | $330,850 (-18.8%) | $527,424 (-7.5%) | 0.00 | 582 |
| 2020-10-01 | $329,250 (-17.7%) | $523,464 (-7.5%) | 0.00 | 585 |
| 2020-11-01 | $349,500 (-12.6%) | $526,876 (-8.1%) | 0.00 | 567 |
| 2020-12-01 | $336,975 (-13.8%) | $531,521 (-6.2%) | 0.00 | 553 |
| 2021-01-01 | $324,900 (-16.0%) | $539,161 (-4.8%) | 0.00 | 503 |
| 2021-02-01 | $333,036 (-12.3%) | $563,421 (1.5%) | 0.00 | 443 |
| 2021-03-01 | $339,900 (-10.5%) | $584,473 (4.8%) | 0.00 | 356 |
| 2021-04-01 | $347,500 (-9.3%) | $631,614 (13.9%) | 0.00 | 319 |
| 2021-05-01 | $384,500 (-0.1%) | $677,341 (21.6%) | 0.00 | 268 |
| 2021-06-01 | $382,000 (-0.4%) | $677,102 (24.1%) | 0.00 | 252 |
| 2021-07-01 | $400,000 (3.7%) | $724,567 (29.3%) | 0.00 | 261 |
| 2021-08-01 | $399,924 (11.1%) | $688,027 (25.6%) | 0.00 | 289 |
| 2021-09-01 | $410,950 (24.2%) | $691,538 (31.1%) | 0.00 | 289 |
| 2021-10-01 | $399,900 (21.5%) | $701,118 (33.9%) | 0.00 | 282 |
| 2021-11-01 | $388,503 (11.2%) | $662,852 (25.8%) | 0.00 | 291 |
| 2021-12-01 | $361,250 (7.2%) | $668,529 (25.8%) | 0.00 | 283 |
| 2022-01-01 | $389,000 (19.7%) | $701,672 (30.1%) | 0.00 | 237 |
| 2022-02-01 | $363,950 (9.3%) | $715,556 (27.0%) | 0.00 | 182 |
| 2022-03-01 | $399,000 (17.4%) | $743,853 (27.3%) | 0.00 | 169 |
| 2022-04-01 | $425,000 (22.3%) | $765,810 (21.3%) | 0.00 | 176 |
| 2022-05-01 | $438,437 (14.0%) | $724,204 (6.9%) | 0.00 | 201 |
| 2022-06-01 | $484,950 (27.0%) | $752,712 (11.2%) | 0.00 | 230 |
| 2022-07-01 | $484,000 (21.0%) | $748,563 (3.3%) | 0.00 | 245 |
| 2022-08-01 | $499,529 (24.9%) | $777,349 (13.0%) | 0.00 | 267 |
| 2022-09-01 | $504,675 (22.8%) | $772,350 (11.7%) | 0.00 | 249 |
| 2022-10-01 | $529,998 (32.5%) | $771,100 (10.0%) | 0.00 | 238 |
| 2022-11-01 | $490,725 (26.3%) | $713,726 (7.7%) | 0.00 | 248 |
| 2022-12-01 | $445,000 (23.2%) | $667,453 (-0.2%) | 0.00 | 244 |
| 2023-01-01 | $476,000 (22.4%) | $671,795 (-4.3%) | 0.00 | 255 |
| 2023-02-01 | $459,993 (26.4%) | $702,994 (-1.8%) | 0.00 | 259 |
| 2023-03-01 | $462,495 (15.9%) | $683,458 (-8.1%) | 0.00 | 281 |
| 2023-04-01 | $459,990 (8.2%) | $701,975 (-8.3%) | 0.00 | 292 |
| 2023-05-01 | $431,975 (-1.5%) | $679,696 (-6.2%) | 0.00 | 274 |
| 2023-06-01 | $444,950 (-8.3%) | $671,904 (-10.7%) | 0.00 | 280 |
| 2023-07-01 | $462,400 (-4.5%) | $674,133 (-9.9%) | 0.00 | 282 |
| 2023-08-01 | $488,200 (-2.3%) | $715,023 (-8.0%) | 0.00 | 284 |
| 2023-09-01 | $484,500 (-4.0%) | $742,244 (-3.9%) | 0.00 | 309 |
| 2023-10-01 | $492,348 (-7.1%) | $765,198 (-0.8%) | 0.00 | 332 |
Georgetown's median listing price comes in at 0% of the national average.
Georgetown's average listing price for 2023-10-01 was $765,198, a difference of $-5,902 (-0.8%) versus the prior year and $22,954 versus the prior month.
For the 2023-10-01 period, Georgetown had 332 MLS listings, a difference of 23 listings (7%) versus the prior month and 94 listings (39%) 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 | 2,089 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 | 2,101 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 | 2,101 sqft |
| 2018-12-01 | 0 days | 2,001 sqft |
| 2019-01-01 | 0 days | 2,001 sqft |
| 2019-02-01 | 0 days | 2,101 sqft |
| 2019-03-01 | 0 days | 2,058 sqft |
| 2019-04-01 | 0 days | 2,001 sqft |
| 2019-05-01 | 0 days | 1,994 sqft |
| 2019-06-01 | 0 days | 2,001 sqft |
| 2019-07-01 | 0 days | 2,085 sqft |
| 2019-08-01 | 0 days | 2,079 sqft |
| 2019-09-01 | 0 days | 2,063 sqft |
| 2019-10-01 | 0 days | 2,052 sqft |
| 2019-11-01 | 0 days | 2,051 sqft |
| 2019-12-01 | 0 days | 2,013 sqft |
| 2020-01-01 | 0 days | 2,022 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 | 1,849 sqft |
| 2020-12-01 | 0 days | 1,838 sqft |
| 2021-01-01 | 0 days | 1,846 sqft |
| 2021-02-01 | 0 days | 1,872 sqft |
| 2021-03-01 | 0 days | 1,851 sqft |
| 2021-04-01 | 0 days | 1,911 sqft |
| 2021-05-01 | 0 days | 2,016 sqft |
| 2021-06-01 | 0 days | 1,983 sqft |
| 2021-07-01 | 0 days | 1,984 sqft |
| 2021-08-01 | 0 days | 2,016 sqft |
| 2021-09-01 | 0 days | 2,025 sqft |
| 2021-10-01 | 0 days | 2,007 sqft |
| 2021-11-01 | 0 days | 1,990 sqft |
| 2021-12-01 | 0 days | 1,935 sqft |
| 2022-01-01 | 0 days | 1,939 sqft |
| 2022-02-01 | 0 days | 1,925 sqft |
| 2022-03-01 | 0 days | 1,890 sqft |
| 2022-04-01 | 0 days | 1,900 sqft |
| 2022-05-01 | 0 days | 2,033 sqft |
| 2022-06-01 | 0 days | 2,176 sqft |
| 2022-07-01 | 0 days | 2,155 sqft |
| 2022-08-01 | 0 days | 2,190 sqft |
| 2022-09-01 | 0 days | 2,168 sqft |
| 2022-10-01 | 0 days | 2,174 sqft |
| 2022-11-01 | 0 days | 2,102 sqft |
| 2022-12-01 | 0 days | 2,038 sqft |
| 2023-01-01 | 0 days | 2,107 sqft |
| 2023-02-01 | 0 days | 2,086 sqft |
| 2023-03-01 | 0 days | 2,102 sqft |
| 2023-04-01 | 0 days | 2,056 sqft |
| 2023-05-01 | 0 days | 1,873 sqft |
| 2023-06-01 | 0 days | 1,884 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 |
Georgetown's median square footage for active listings during the 2023-10-01 period was 1,874 sqft. One year prior, the average listing was 2,174 sqft.