Macon USDA Loan Rates, Closing Costs & Stats

MACON-BIBB COUNTY, GA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.95% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.7% and one month ago for the week of 2024-03-15, the average rate was 6.78%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.78%.

    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.