Jasper USDA Loan Rates, Closing Costs & Stats

Jasper, 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.

    Jasper's 14 lenders originated 27 USDA loans during 2023. The total origination value was $4,375,000, with an average USDA loan value of $162,037.

    Jasper USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Jasper averaged -0.05% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Jasper's average USDA mortgage closing costs are $4,683.

    The average rate for the prior week (2024-11-08) was 6.6% and one month ago for the week of 2024-10-11, the average rate was 5.87%.

    The average rate one year ago was 7.29%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

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

    Jasper 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 Jasper level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 8 6.32% $5,597
    FIRST COMMUNITY MORTGAGE, INC. 3 5.88% $5,131
    MOVEMENT MORTGAGE, LLC 2 6.25% $8,357
    GUILD MORTGAGE COMPANY 2 6.56% $5,784
    Prosperity Home Mortgage, LLC 2 7.19% $5,694
    Synovus Bank 2 6.50% $4,897
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $2,989
    STOCKTON MORTGAGE CORPORATION 1 8.13% $3,445
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $9,540
    BROKER SOLUTIONS, INC. 1 6.75% $4,977
    Consumer First Mortgage, Inc. 1 7.25% $4,867
    DAS Acquisition Company, LLC 1 6.88% $7,006
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $7,625
    BancorpSouth 1 6.13% $4,988

    The top Jasper USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 8 USDA loans originated. Their average total fees are $5,597, which is $466 higher than the next largest lender, FIRST COMMUNITY MORTGAGE, INC..

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

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