Macon USDA Loans

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 22 lenders originated 40 USDA loans during 2021. The total origination value was $7,640,000, with an average USDA loan value of $191,000.

Macon USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Macon averaged 5.29% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.33% and one month ago for the week of 2022-04-08, the average rate was 5.19%.

The average rate one year ago was 3.2%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.34%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Macon level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 2.98% $4,343
Renasant Bank 6 2.96% $5,622
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 4 3.06% $5,583
First Reliance Bank 3 2.54% $4,477
GUILD MORTGAGE COMPANY 2 2.88% $8,918
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 3.38% $5,558
HOMESTAR FINANCIAL CORPORATION 2 2.94% $5,093
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.00% $4,590
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.75% $2,732
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.75% $5,057
SECURITYNATIONAL MORTGAGE COMPANY 1 2.75% $6,239
SIGNATURE MORTGAGE CORPORATION 1 3.25% $5,568
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 3.38% $8,296
South State Bank 1 2.63% $5,631
ACOPIA, LLC 1 2.88% $4,807
VAN DYK MORTGAGE CORPORATION 1 2.88% $4,915
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.00% $5,686
Cadence Bank, N.A. 1 2.38% $3,357
CITIZENS EQUITY FIRST 1 3.25% $3,026
Colony Bank 1 2.75% $5,056
GMFS LLC 1 2.50% $4,789
GUARANTEED RATE, INC. 1 2.75% $6,257

The top Macon USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 6 USDA loans originated. Their average total fees are $4,343, which is $1,278 lower 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 .