Macon USDA Loan Rates, Closing Costs & Stats

MACON-BIBB COUNTY, 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.

Macon's 13 lenders originated 17 USDA loans during 2023. The total origination value was $3,145,000, with an average USDA loan value of $185,000.

Macon USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Macon averaged 6.59% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Macon's average USDA mortgage closing costs are $5,087.

The average rate for the prior week (2024-04-05) was 6.81% and one month ago for the week of 2024-03-08, the average rate was 6.77%.

The average rate one year ago was 6.28%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.82%.

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

Macon 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 Macon level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.46% $6,812
Renasant Bank 2 6.25% $5,736
ACOPIA, LLC 2 6.56% $8,122
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $2,115
FIRST COMMUNITY MORTGAGE, INC. 1 6.13% $8,789
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.50% $10,769
HOMESPIRE MORTGAGE CORPORATION 1 6.25% $4,588
PLANET HOME LENDING, LLC 1 6.63% $9,915
UNITED WHOLESALE MORTGAGE, LLC 1 5.88% $7,194
US MORTGAGE CORPORATION 1 7.50% $8,830
VAN DYK MORTGAGE CORPORATION 1 7.25% $2,531
BROKER SOLUTIONS, INC. 1 6.75% $8,479
CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $9,928

The top Macon USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 3 USDA loans originated. Their average total fees are $6,812, which is $1,075 higher than the next largest lender, Renasant Bank.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Macon (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 $140,995 (1.1%) $187,948 (-1.2%) 0.52 750
2018-02-01 $139,925 (0.0%) $187,262 (-1.7%) 0.51 763
2018-03-01 $144,990 (-1.0%) $194,567 (-2.6%) 0.51 785
2018-04-01 $149,700 (0.3%) $202,669 (1.7%) 0.51 815
2018-05-01 $150,445 (0.4%) $210,527 (6.7%) 0.50 833
2018-06-01 $157,500 (4.5%) $215,471 (7.6%) 0.53 843
2018-07-01 $159,800 (6.6%) $213,850 (6.8%) 0.53 864
2018-08-01 $162,300 (4.7%) $216,747 (5.3%) 0.54 878
2018-09-01 $164,000 (9.4%) $219,606 (8.3%) 0.55 883
2018-10-01 $165,000 (17.9%) $219,445 (14.6%) 0.56 883
2018-11-01 $164,000 (13.3%) $222,004 (13.2%) 0.56 881
2018-12-01 $159,500 (12.3%) $217,171 (15.5%) 0.55 850
2019-01-01 $152,990 (8.5%) $218,217 (16.1%) 0.53 791
2019-02-01 $153,973 (10.0%) $219,011 (17.0%) 0.52 803
2019-03-01 $125,671 (-13.3%) $192,902 (-0.9%) 0.41 1,145
2019-04-01 $88,850 (-40.7%) $162,585 (-19.8%) 0.28 1,605
2019-05-01 $90,000 (-40.2%) $166,572 (-20.9%) 0.28 1,616
2019-06-01 $172,000 (9.2%) $242,775 (12.7%) 0.54 935
2019-07-01 $159,990 (0.1%) $235,355 (10.1%) 0.50 953
2019-08-01 $158,602 (-2.3%) $237,016 (9.4%) 0.50 944
2019-09-01 $156,520 (-4.6%) $236,601 (7.7%) 0.50 928
2019-10-01 $157,631 (-4.5%) $239,748 (9.3%) 0.51 910
2019-11-01 $159,990 (-2.5%) $245,946 (10.8%) 0.52 848
2019-12-01 $159,900 (0.3%) $242,357 (11.6%) 0.53 825
2020-01-01 $159,000 (3.9%) $238,455 (9.3%) 0.53 785
2020-02-01 $152,990 (-0.6%) $237,365 (8.4%) 0.50 800
2020-03-01 $150,990 (20.2%) $236,197 (22.4%) 0.47 779
2020-04-01 $150,495 (69.4%) $240,194 (47.7%) 0.47 775
2020-05-01 $158,500 (76.1%) $254,809 (53.0%) 0.48 705
2020-06-01 $163,745 (-4.8%) $266,163 (9.6%) 0.48 594
2020-07-01 $172,423 (7.8%) $271,355 (15.3%) 0.50 583
2020-08-01 $179,900 (13.4%) $281,427 (18.7%) 0.52 503
2020-09-01 $170,450 (8.9%) $278,673 (17.8%) 0.49 470
2020-10-01 $168,995 (7.2%) $493,202 (105.7%) 0.48 464
2020-11-01 $174,945 (9.4%) $289,133 (17.6%) 0.51 436
2020-12-01 $182,495 (14.1%) $298,290 (23.1%) 0.54 423
2021-01-01 $175,990 (10.7%) $295,210 (23.8%) 0.53 397
2021-02-01 $179,300 (17.2%) $289,626 (22.0%) 0.52 348
2021-03-01 $197,400 (30.7%) $292,133 (23.7%) 0.56 354
2021-04-01 $198,300 (31.8%) $295,016 (22.8%) 0.54 369
2021-05-01 $189,900 (19.8%) $264,810 (3.9%) 0.50 371
2021-06-01 $183,445 (12.0%) $261,830 (-1.6%) 0.48 417
2021-07-01 $190,000 (10.2%) $261,584 (-3.6%) 0.50 454
2021-08-01 $196,373 (9.2%) $258,634 (-8.1%) 0.52 499
2021-09-01 $208,868 (22.5%) $327,487 (17.5%) 0.56 542
2021-10-01 $214,995 (27.2%) $427,097 (-13.4%) 0.57 492
2021-11-01 $213,240 (21.9%) $452,708 (56.6%) 0.57 467
2021-12-01 $207,748 (13.8%) $472,086 (58.3%) 0.56 402
2022-01-01 $199,000 (13.1%) $468,284 (58.6%) 0.54 402
2022-02-01 $167,550 (-6.6%) $445,081 (53.7%) 0.44 394
2022-03-01 $169,950 (-13.9%) $337,399 (15.5%) 0.43 394
2022-04-01 $187,900 (-5.2%) $462,495 (56.8%) 0.45 391
2022-05-01 $214,500 (13.0%) $572,196 (116.1%) 0.49 425
2022-06-01 $232,500 (26.7%) $454,531 (73.6%) 0.52 481
2022-07-01 $239,990 (26.3%) $461,285 (76.3%) 0.54 516
2022-08-01 $229,947 (17.1%) $427,164 (65.2%) 0.53 527
2022-09-01 $235,000 (12.5%) $396,524 (21.1%) 0.55 538
2022-10-01 $225,000 (4.7%) $390,903 (-8.5%) 0.53 562
2022-11-01 $225,000 (5.5%) $413,142 (-8.7%) 0.54 579
2022-12-01 $239,450 (15.3%) $417,961 (-11.5%) 0.59 561
2023-01-01 $236,975 (19.1%) $405,444 (-13.4%) 0.59 549
2023-02-01 $209,073 (24.8%) $312,295 (-29.8%) 0.50 531
2023-03-01 $227,000 (33.6%) $293,360 (-13.1%) 0.54 529
2023-04-01 $232,500 (23.7%) $287,293 (-37.9%) 0.54 545
2023-05-01 $244,900 (14.2%) $292,299 (-48.9%) 0.56 550
2023-06-01 $259,375 (11.6%) $303,360 (-33.3%) 0.58 562
2023-07-01 $259,000 (7.9%) $305,180 (-33.8%) 0.59 593
2023-08-01 $252,075 (9.6%) $300,382 (-29.7%) 0.58 645
2023-09-01 $249,900 (6.3%) $292,115 (-26.3%) 0.58 688
2023-10-01 $240,000 (6.7%) $291,622 (-25.4%) 0.56 726
2023-11-01 $233,931 (4.0%) $288,200 (-30.2%) 0.56 721
2023-12-01 $225,000 (-6.0%) $282,654 (-32.4%) 0.55 694
2024-01-01 $229,950 (-3.0%) $280,682 (-30.8%) 0.56 683
2024-02-01 $233,153 (11.5%) $288,226 (-7.7%) 0.56 688
2024-03-01 $217,500 (-4.2%) $278,287 (-5.1%) 0.51 719
Macon's median listing price for 2024-03-01 was $217,500, a difference of $-9,500 (-4.2%) versus the prior year and $-15,653 versus the prior month.

Macon's median listing price comes in at 51% of the national average.

Macon's average listing price for 2024-03-01 was $278,287, a difference of $-15,073 (-5.1%) versus the prior year and $-9,939 versus the prior month.

For the 2024-03-01 period, Macon had 719 MLS listings, a difference of 31 listings (5%) versus the prior month and 190 listings (36%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Macon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 79 days 1,914 sqft
2018-02-01 82 days 1,917 sqft
2018-03-01 66 days 1,981 sqft
2018-04-01 70 days 2,020 sqft
2018-05-01 67 days 2,021 sqft
2018-06-01 73 days 2,024 sqft
2018-07-01 74 days 2,021 sqft
2018-08-01 71 days 2,051 sqft
2018-09-01 79 days 2,033 sqft
2018-10-01 83 days 2,074 sqft
2018-11-01 88 days 2,052 sqft
2018-12-01 93 days 2,007 sqft
2019-01-01 102 days 1,982 sqft
2019-02-01 97 days 1,955 sqft
2019-03-01 83 days 1,969 sqft
2019-04-01 76 days 2,000 sqft
2019-05-01 77 days 2,027 sqft
2019-06-01 74 days 2,017 sqft
2019-07-01 73 days 2,007 sqft
2019-08-01 77 days 2,004 sqft
2019-09-01 80 days 1,995 sqft
2019-10-01 85 days 1,990 sqft
2019-11-01 92 days 2,007 sqft
2019-12-01 93 days 1,998 sqft
2020-01-01 100 days 1,971 sqft
2020-02-01 84 days 1,897 sqft
2020-03-01 67 days 1,886 sqft
2020-04-01 76 days 1,870 sqft
2020-05-01 75 days 1,886 sqft
2020-06-01 81 days 1,964 sqft
2020-07-01 65 days 2,070 sqft
2020-08-01 68 days 2,079 sqft
2020-09-01 63 days 1,957 sqft
2020-10-01 59 days 1,897 sqft
2020-11-01 53 days 1,902 sqft
2020-12-01 54 days 1,928 sqft
2021-01-01 54 days 1,950 sqft
2021-02-01 50 days 1,949 sqft
2021-03-01 42 days 1,961 sqft
2021-04-01 39 days 1,961 sqft
2021-05-01 44 days 1,927 sqft
2021-06-01 38 days 1,863 sqft
2021-07-01 47 days 1,866 sqft
2021-08-01 47 days 1,908 sqft
2021-09-01 46 days 1,968 sqft
2021-10-01 51 days 1,960 sqft
2021-11-01 56 days 1,972 sqft
2021-12-01 59 days 1,933 sqft
2022-01-01 54 days 1,800 sqft
2022-02-01 36 days 1,666 sqft
2022-03-01 34 days 1,671 sqft
2022-04-01 37 days 1,786 sqft
2022-05-01 39 days 1,850 sqft
2022-06-01 33 days 1,885 sqft
2022-07-01 43 days 1,886 sqft
2022-08-01 47 days 1,871 sqft
2022-09-01 45 days 1,929 sqft
2022-10-01 43 days 1,914 sqft
2022-11-01 49 days 1,920 sqft
2022-12-01 61 days 1,908 sqft
2023-01-01 61 days 1,924 sqft
2023-02-01 52 days 1,869 sqft
2023-03-01 49 days 1,877 sqft
2023-04-01 44 days 1,899 sqft
2023-05-01 46 days 1,972 sqft
2023-06-01 48 days 2,100 sqft
2023-07-01 48 days 2,100 sqft
2023-08-01 49 days 2,075 sqft
2023-09-01 54 days 1,976 sqft
2023-10-01 56 days 1,952 sqft
2023-11-01 61 days 1,909 sqft
2023-12-01 72 days 1,870 sqft
2024-01-01 72 days 1,866 sqft
2024-02-01 58 days 1,865 sqft
2024-03-01 59 days 1,782 sqft
Macon's median listing age (time on market) for 2024-03-01 was 59 days. This is 20% longer than the same period one year ago.

Macon's median square footage for active listings during the 2024-03-01 period was 1,782 sqft. One year prior, the average listing was 1,877 sqft.