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%.
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
.
