Lagrange USDA Loan Rates, Closing Costs & Stats

LaGrange, GA-AL

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.

Lagrange's 25 lenders originated 44 USDA loans during 2023. The total origination value was $7,460,000, with an average USDA loan value of $169,545.

Lagrange USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Lagrange averaged 6.5% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Lagrange's average USDA mortgage closing costs are $4,745.

The average rate for the prior week (2024-05-10) was 6.94% and one month ago for the week of 2024-04-12, the average rate was 6.67%.

The average rate one year ago was 6.25%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.95%.

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

Lagrange 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 Lagrange level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CMG MORTGAGE, INC. 5 6.45% $6,518
Ameris Bank 5 6.80% $5,698
Keystone Funding, Inc. 4 6.19% $6,551
Magnolia Bank 3 6.58% $6,009
MOVEMENT MORTGAGE, LLC 2 7.25% $7,035
GUARANTEED RATE, INC. 2 6.69% $8,216
Barrington Bank & Trust Company, N.A. 2 7.00% $5,637
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.75% $3,980
INTERLINC MORTGAGE SERVICES, LLC 1 6.25% $2,383
NEWREZ LLC 1 7.13% $8,880
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.00% $8,844
SouthPoint Bank 1 7.38% $2,493
STOCKTON MORTGAGE CORPORATION 1 0.00% $10,833
Trustmark National Bank 1 6.50% $11,472
United Bank 1 6.13% $6,602
UNITED WHOLESALE MORTGAGE, LLC 1 7.75% $6,928
AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $3,894
Wilson Bank And Trust 1 7.00% $3,032
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $4,910
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.25% $9,697
CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $9,568
DAS Acquisition Company, LLC 1 5.25% $9,462
EMM LOANS LLC 1 6.13% $6,966
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $6,913
Hometown Equity Mortgage, LLC 1 6.38% $12,322

The top Lagrange USDA lender as defined by loan originations is CMG MORTGAGE, INC., with 5 USDA loans originated. Their average total fees are $6,518, which is $820 higher than the next largest lender, Ameris Bank.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Lagrange (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 $149,100 (3.8%) $200,245 (10.3%) 0.00 357
2018-02-01 $149,925 (7.5%) $205,859 (14.8%) 0.00 343
2018-03-01 $159,900 (14.9%) $206,954 (11.8%) 0.00 348
2018-04-01 $169,800 (21.4%) $207,359 (9.9%) 0.00 379
2018-05-01 $170,950 (15.2%) $207,172 (6.4%) 0.00 377
2018-06-01 $169,900 (14.5%) $209,173 (5.2%) 0.00 386
2018-07-01 $170,975 (6.8%) $210,893 (3.1%) 0.00 422
2018-08-01 $162,375 (8.3%) $211,582 (5.6%) 0.00 418
2018-09-01 $169,900 (13.7%) $208,581 (2.4%) 0.00 427
2018-10-01 $175,000 (18.5%) $210,497 (4.3%) 0.00 426
2018-11-01 $183,700 (23.8%) $211,122 (5.7%) 0.00 426
2018-12-01 $180,000 (22.9%) $214,464 (6.5%) 0.00 417
2019-01-01 $182,725 (22.6%) $212,457 (6.1%) 0.00 386
2019-02-01 $189,575 (26.5%) $214,500 (4.2%) 0.00 370
2019-03-01 $183,514 (14.8%) $215,003 (3.9%) 0.00 374
2019-04-01 $175,000 (3.1%) $208,340 (0.5%) 0.00 387
2019-05-01 $177,075 (3.6%) $209,352 (1.1%) 0.00 396
2019-06-01 $177,995 (4.8%) $208,156 (-0.5%) 0.00 406
2019-07-01 $172,700 (1.0%) $204,946 (-2.8%) 0.00 412
2019-08-01 $177,577 (9.4%) $207,349 (-2.0%) 0.00 401
2019-09-01 $181,443 (6.8%) $209,268 (0.3%) 0.00 390
2019-10-01 $181,745 (3.9%) $210,184 (-0.2%) 0.00 381
2019-11-01 $174,000 (-5.3%) $204,817 (-3.0%) 0.00 367
2019-12-01 $169,935 (-5.6%) $203,676 (-5.0%) 0.00 364
2020-01-01 $169,900 (-7.0%) $199,922 (-5.9%) 0.00 349
2020-02-01 $169,900 (-10.4%) $201,146 (-6.2%) 0.00 346
2020-03-01 $176,200 (-4.0%) $203,808 (-5.2%) 0.00 323
2020-04-01 $176,450 (0.8%) $204,751 (-1.7%) 0.00 319
2020-05-01 $188,000 (6.2%) $222,618 (6.3%) 0.00 291
2020-06-01 $204,926 (15.1%) $234,227 (12.5%) 0.00 263
2020-07-01 $216,725 (25.5%) $244,367 (19.2%) 0.00 238
2020-08-01 $219,900 (23.8%) $248,814 (20.0%) 0.00 214
2020-09-01 $216,075 (19.1%) $255,277 (22.0%) 0.00 195
2020-10-01 $209,900 (15.5%) $255,820 (21.7%) 0.00 185
2020-11-01 $189,490 (8.9%) $247,460 (20.8%) 0.00 180
2020-12-01 $185,615 (9.2%) $242,921 (19.3%) 0.00 192
2021-01-01 $192,990 (13.6%) $249,471 (24.8%) 0.00 175
2021-02-01 $204,700 (20.5%) $257,764 (28.2%) 0.00 142
2021-03-01 $213,725 (21.3%) $260,314 (27.7%) 0.00 125
2021-04-01 $227,450 (28.9%) $271,361 (32.5%) 0.00 123
2021-05-01 $214,975 (14.4%) $287,367 (29.1%) 0.00 103
2021-06-01 $190,373 (-7.1%) $289,249 (23.5%) 0.00 109
2021-07-01 $179,000 (-17.4%) $316,114 (29.4%) 0.00 122
2021-08-01 $230,950 (5.0%) $332,302 (33.6%) 0.00 151
2021-09-01 $236,175 (9.3%) $350,377 (37.3%) 0.00 148
2021-10-01 $239,000 (13.9%) $359,839 (40.7%) 0.00 131
2021-11-01 $219,445 (15.8%) $345,032 (39.4%) 0.00 135
2021-12-01 $213,970 (15.3%) $356,631 (46.8%) 0.00 122
2022-01-01 $165,000 (-14.5%) $327,342 (31.2%) 0.00 108
2022-02-01 $177,675 (-13.2%) $314,680 (22.1%) 0.00 105
2022-03-01 $179,950 (-15.8%) $310,394 (19.2%) 0.00 96
2022-04-01 $209,900 (-7.7%) $293,079 (8.0%) 0.00 98
2022-05-01 $229,750 (6.9%) $297,196 (3.4%) 0.00 104
2022-06-01 $254,900 (33.9%) $320,345 (10.8%) 0.00 133
2022-07-01 $250,000 (39.7%) $328,348 (3.9%) 0.00 142
2022-08-01 $264,625 (14.6%) $317,641 (-4.4%) 0.00 171
2022-09-01 $290,515 (23.0%) $326,541 (-6.8%) 0.00 173
2022-10-01 $294,990 (23.4%) $328,421 (-8.7%) 0.00 189
2022-11-01 $291,882 (33.0%) $323,203 (-6.3%) 0.00 207
2022-12-01 $281,427 (31.5%) $310,840 (-12.8%) 0.00 216
2023-01-01 $284,978 (72.7%) $307,539 (-6.1%) 0.00 202
2023-02-01 $289,973 (63.2%) $314,282 (-0.1%) 0.00 207
2023-03-01 $278,770 (54.9%) $310,002 (-0.1%) 0.00 195
2023-04-01 $278,625 (32.7%) $303,631 (3.6%) 0.00 193
2023-05-01 $285,136 (24.1%) $309,081 (4.0%) 0.00 184
2023-06-01 $289,314 (13.5%) $316,130 (-1.3%) 0.00 194
2023-07-01 $285,624 (14.3%) $303,101 (-7.7%) 0.00 184
2023-08-01 $285,945 (8.1%) $310,992 (-2.1%) 0.00 209
2023-09-01 $298,850 (2.9%) $321,232 (-1.6%) 0.00 259
2023-10-01 $297,500 (0.9%) $322,251 (-1.9%) 0.00 283
2023-11-01 $279,230 (-4.3%) $314,788 (-2.6%) 0.00 303
2023-12-01 $278,400 (-1.1%) $312,890 (0.7%) 0.00 287
2024-01-01 $270,500 (-5.1%) $308,455 (0.3%) 0.00 277
2024-02-01 $268,425 (-7.4%) $297,671 (-5.3%) 0.00 282
2024-03-01 $259,900 (-6.8%) $285,136 (-8.0%) 0.00 275
2024-04-01 $251,350 (-9.8%) $291,488 (-4.0%) 0.00 261
Lagrange's median listing price for 2024-04-01 was $251,350, a difference of $-27,275 (-9.8%) versus the prior year and $-8,550 versus the prior month.

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

Lagrange's average listing price for 2024-04-01 was $291,488, a difference of $-12,143 (-4.0%) versus the prior year and $6,352 versus the prior month.

For the 2024-04-01 period, Lagrange had 261 MLS listings, a difference of -14 listings (-5%) versus the prior month and 68 listings (35%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lagrange (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,936 sqft
2018-02-01 0 days 1,989 sqft
2018-03-01 0 days 2,056 sqft
2018-04-01 0 days 2,081 sqft
2018-05-01 0 days 2,075 sqft
2018-06-01 0 days 2,077 sqft
2018-07-01 0 days 2,065 sqft
2018-08-01 0 days 2,004 sqft
2018-09-01 0 days 2,032 sqft
2018-10-01 0 days 2,050 sqft
2018-11-01 0 days 2,071 sqft
2018-12-01 0 days 2,072 sqft
2019-01-01 0 days 2,109 sqft
2019-02-01 0 days 2,134 sqft
2019-03-01 0 days 2,186 sqft
2019-04-01 0 days 2,186 sqft
2019-05-01 0 days 2,135 sqft
2019-06-01 0 days 2,172 sqft
2019-07-01 0 days 2,120 sqft
2019-08-01 0 days 2,148 sqft
2019-09-01 0 days 2,119 sqft
2019-10-01 0 days 2,086 sqft
2019-11-01 0 days 2,039 sqft
2019-12-01 0 days 2,020 sqft
2020-01-01 0 days 1,997 sqft
2020-02-01 0 days 1,945 sqft
2020-03-01 0 days 2,029 sqft
2020-04-01 0 days 2,030 sqft
2020-05-01 0 days 2,048 sqft
2020-06-01 0 days 2,124 sqft
2020-07-01 0 days 2,187 sqft
2020-08-01 0 days 2,191 sqft
2020-09-01 0 days 2,142 sqft
2020-10-01 0 days 2,106 sqft
2020-11-01 0 days 2,026 sqft
2020-12-01 0 days 1,998 sqft
2021-01-01 0 days 2,021 sqft
2021-02-01 0 days 2,084 sqft
2021-03-01 0 days 2,097 sqft
2021-04-01 0 days 2,085 sqft
2021-05-01 0 days 2,153 sqft
2021-06-01 0 days 1,894 sqft
2021-07-01 0 days 1,716 sqft
2021-08-01 0 days 2,064 sqft
2021-09-01 0 days 2,069 sqft
2021-10-01 0 days 1,963 sqft
2021-11-01 0 days 1,814 sqft
2021-12-01 0 days 1,796 sqft
2022-01-01 0 days 1,774 sqft
2022-02-01 0 days 1,706 sqft
2022-03-01 0 days 1,793 sqft
2022-04-01 0 days 1,800 sqft
2022-05-01 0 days 1,871 sqft
2022-06-01 0 days 1,830 sqft
2022-07-01 0 days 1,939 sqft
2022-08-01 0 days 1,956 sqft
2022-09-01 0 days 2,001 sqft
2022-10-01 0 days 2,100 sqft
2022-11-01 0 days 2,123 sqft
2022-12-01 0 days 2,100 sqft
2023-01-01 0 days 2,044 sqft
2023-02-01 0 days 2,063 sqft
2023-03-01 0 days 1,949 sqft
2023-04-01 0 days 1,942 sqft
2023-05-01 0 days 1,955 sqft
2023-06-01 0 days 1,939 sqft
2023-07-01 0 days 1,816 sqft
2023-08-01 0 days 1,848 sqft
2023-09-01 0 days 2,000 sqft
2023-10-01 0 days 1,944 sqft
2023-11-01 0 days 1,976 sqft
2023-12-01 0 days 1,924 sqft
2024-01-01 0 days 1,824 sqft
2024-02-01 0 days 1,750 sqft
2024-03-01 0 days 1,707 sqft
2024-04-01 0 days 1,678 sqft
Lagrange's median listing age (time on market) for 2024-04-01 was 0 days.

Lagrange's median square footage for active listings during the 2024-04-01 period was 1,678 sqft. One year prior, the average listing was 1,942 sqft.