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
6.71%
for the week of 2024-07-19, compared to the national average (all USDA variants) of
6.628% for the same period.
Macon's average USDA mortgage closing costs are $5,087.
The average rate for the prior week (2024-07-12) was
6.74% and
one month ago for the week of 2024-06-14, the
average rate was 6.47%.
The average rate one year ago was 6.62%.
For refis of the same type during the week of 2024-07-19, the average rate
was 6.75%.
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
.