Milledgeville USDA Loan Rates, Closing Costs & Stats
Milledgeville, 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.
Milledgeville's 5 lenders originated 7 USDA loans during 2023. The total origination value was $1,375,000, with an average USDA loan value of $196,429.
Milledgeville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Milledgeville
averaged
6.72%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Milledgeville's average USDA mortgage closing costs are $4,656.
The average rate for the prior week (2024-04-12) was
6.97% and
one month ago for the week of 2024-03-15, the
average rate was 6.55%.
The average rate one year ago was 6.29%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
Milledgeville 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 Milledgeville level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 7.00% | $7,640 |
| BANKSOUTH MORTGAGE COMPANY, LLC | 1 | 7.00% | $6,905 |
| HOMESPIRE MORTGAGE CORPORATION | 1 | 6.13% | $6,471 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.88% | $10,725 |
| VAN DYK MORTGAGE CORPORATION | 1 | 6.88% | $2,672 |
The top Milledgeville USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
3 USDA loans originated. Their average total fees are
$7,640, which is $734
higher than the next largest lender,
BANKSOUTH MORTGAGE COMPANY, LLC.
The lowest fee Milledgeville USDA lenders (with over 10 loans originated) are
.
The lowest rate Milledgeville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Milledgeville (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 | $187,475 (7.1%) | $225,647 (9.8%) | 0.00 | 253 |
| 2018-02-01 | $189,200 (7.7%) | $228,910 (9.5%) | 0.00 | 261 |
| 2018-03-01 | $186,900 (6.8%) | $234,920 (9.6%) | 0.00 | 268 |
| 2018-04-01 | $188,450 (7.7%) | $243,359 (14.5%) | 0.00 | 284 |
| 2018-05-01 | $189,000 (7.6%) | $246,990 (18.8%) | 0.00 | 278 |
| 2018-06-01 | $191,900 (6.7%) | $260,109 (19.3%) | 0.00 | 264 |
| 2018-07-01 | $194,975 (5.4%) | $258,585 (13.7%) | 0.00 | 271 |
| 2018-08-01 | $194,900 (5.8%) | $252,634 (13.7%) | 0.00 | 307 |
| 2018-09-01 | $191,900 (3.8%) | $247,899 (7.5%) | 0.00 | 300 |
| 2018-10-01 | $191,150 (6.2%) | $245,909 (9.2%) | 0.00 | 291 |
| 2018-11-01 | $190,900 (2.4%) | $243,191 (7.7%) | 0.00 | 277 |
| 2018-12-01 | $190,900 (3.2%) | $238,656 (6.0%) | 0.00 | 254 |
| 2019-01-01 | $190,900 (1.8%) | $231,097 (2.4%) | 0.00 | 257 |
| 2019-02-01 | $193,500 (2.3%) | $234,560 (2.5%) | 0.00 | 273 |
| 2019-03-01 | $207,229 (10.9%) | $245,262 (4.4%) | 0.00 | 303 |
| 2019-04-01 | $229,000 (21.5%) | $262,296 (7.8%) | 0.00 | 339 |
| 2019-05-01 | $235,975 (24.9%) | $270,952 (9.7%) | 0.00 | 332 |
| 2019-06-01 | $225,000 (17.3%) | $273,679 (5.2%) | 0.00 | 324 |
| 2019-07-01 | $222,450 (14.1%) | $265,511 (2.7%) | 0.00 | 325 |
| 2019-08-01 | $227,973 (17.0%) | $271,070 (7.3%) | 0.00 | 324 |
| 2019-09-01 | $232,432 (21.1%) | $272,421 (9.9%) | 0.00 | 315 |
| 2019-10-01 | $240,950 (26.1%) | $275,310 (12.0%) | 0.00 | 296 |
| 2019-11-01 | $239,000 (25.2%) | $273,998 (12.7%) | 0.00 | 287 |
| 2019-12-01 | $229,608 (20.3%) | $275,544 (15.5%) | 0.00 | 266 |
| 2020-01-01 | $244,900 (28.3%) | $288,537 (24.9%) | 0.00 | 237 |
| 2020-02-01 | $242,000 (25.1%) | $298,949 (27.5%) | 0.00 | 222 |
| 2020-03-01 | $244,950 (18.2%) | $309,844 (26.3%) | 0.00 | 220 |
| 2020-04-01 | $240,475 (5.0%) | $307,260 (17.1%) | 0.00 | 204 |
| 2020-05-01 | $259,950 (10.2%) | $314,871 (16.2%) | 0.00 | 190 |
| 2020-06-01 | $244,000 (8.4%) | $313,555 (14.6%) | 0.00 | 160 |
| 2020-07-01 | $234,000 (5.2%) | $326,290 (22.9%) | 0.00 | 147 |
| 2020-08-01 | $237,000 (4.0%) | $323,510 (19.4%) | 0.00 | 136 |
| 2020-09-01 | $237,000 (2.0%) | $315,873 (16.0%) | 0.00 | 148 |
| 2020-10-01 | $240,000 (-0.4%) | $313,742 (14.0%) | 0.00 | 151 |
| 2020-11-01 | $239,000 (0.0%) | $313,377 (14.4%) | 0.00 | 130 |
| 2020-12-01 | $233,850 (1.9%) | $331,340 (20.3%) | 0.00 | 141 |
| 2021-01-01 | $223,450 (-8.8%) | $295,447 (2.4%) | 0.00 | 136 |
| 2021-02-01 | $220,000 (-9.1%) | $314,909 (5.3%) | 0.00 | 125 |
| 2021-03-01 | $230,000 (-6.1%) | $296,597 (-4.3%) | 0.00 | 93 |
| 2021-04-01 | $233,975 (-2.7%) | $306,844 (-0.1%) | 0.00 | 92 |
| 2021-05-01 | $239,950 (-7.7%) | $325,470 (3.4%) | 0.00 | 85 |
| 2021-06-01 | $212,000 (-13.1%) | $332,422 (6.0%) | 0.00 | 93 |
| 2021-07-01 | $212,000 (-9.4%) | $335,976 (3.0%) | 0.00 | 88 |
| 2021-08-01 | $270,500 (14.1%) | $353,178 (9.2%) | 0.00 | 101 |
| 2021-09-01 | $269,900 (13.9%) | $347,415 (10.0%) | 0.00 | 105 |
| 2021-10-01 | $215,000 (-10.4%) | $330,590 (5.4%) | 0.00 | 102 |
| 2021-11-01 | $189,950 (-20.5%) | $318,866 (1.8%) | 0.00 | 95 |
| 2021-12-01 | $185,225 (-20.8%) | $287,208 (-13.3%) | 0.00 | 94 |
| 2022-01-01 | $229,900 (2.9%) | $297,540 (0.7%) | 0.00 | 90 |
| 2022-02-01 | $263,000 (19.6%) | $307,209 (-2.5%) | 0.00 | 91 |
| 2022-03-01 | $295,875 (28.6%) | $322,814 (8.8%) | 0.00 | 99 |
| 2022-04-01 | $310,000 (32.5%) | $352,638 (14.9%) | 0.00 | 114 |
| 2022-05-01 | $314,950 (31.3%) | $391,044 (20.2%) | 0.00 | 132 |
| 2022-06-01 | $347,499 (63.9%) | $426,436 (28.3%) | 0.00 | 134 |
| 2022-07-01 | $349,850 (65.0%) | $437,783 (30.3%) | 0.00 | 129 |
| 2022-08-01 | $379,500 (40.3%) | $429,119 (21.5%) | 0.00 | 126 |
| 2022-09-01 | $367,950 (36.3%) | $414,742 (19.4%) | 0.00 | 135 |
| 2022-10-01 | $368,000 (71.2%) | $419,359 (26.9%) | 0.00 | 132 |
| 2022-11-01 | $355,975 (87.4%) | $426,142 (33.6%) | 0.00 | 120 |
| 2022-12-01 | $349,900 (88.9%) | $429,870 (49.7%) | 0.00 | 110 |
| 2023-01-01 | $349,450 (52.0%) | $416,419 (40.0%) | 0.00 | 117 |
| 2023-02-01 | $334,675 (27.3%) | $406,708 (32.4%) | 0.00 | 102 |
| 2023-03-01 | $349,225 (18.0%) | $456,154 (41.3%) | 0.00 | 99 |
| 2023-04-01 | $340,000 (9.7%) | $449,028 (27.3%) | 0.00 | 114 |
| 2023-05-01 | $347,000 (10.2%) | $460,832 (17.9%) | 0.00 | 102 |
| 2023-06-01 | $346,750 (-0.2%) | $495,685 (16.2%) | 0.00 | 103 |
| 2023-07-01 | $279,400 (-20.1%) | $438,745 (0.2%) | 0.00 | 126 |
| 2023-08-01 | $299,450 (-21.1%) | $444,937 (3.7%) | 0.00 | 130 |
| 2023-09-01 | $299,450 (-18.6%) | $463,715 (11.8%) | 0.00 | 129 |
| 2023-10-01 | $279,250 (-24.1%) | $448,874 (7.0%) | 0.00 | 138 |
| 2023-11-01 | $278,475 (-21.8%) | $459,422 (7.8%) | 0.00 | 137 |
| 2023-12-01 | $302,450 (-13.6%) | $462,298 (7.5%) | 0.00 | 135 |
| 2024-01-01 | $299,875 (-14.2%) | $463,802 (11.4%) | 0.00 | 133 |
| 2024-02-01 | $319,975 (-4.4%) | $484,978 (19.2%) | 0.00 | 141 |
| 2024-03-01 | $334,950 (-4.1%) | $512,779 (12.4%) | 0.00 | 135 |
Milledgeville's median listing price comes in at 0% of the national average.
Milledgeville's average listing price for 2024-03-01 was $512,779, a difference of $56,625 (12.4%) versus the prior year and $27,801 versus the prior month.
For the 2024-03-01 period, Milledgeville had 135 MLS listings, a difference of -6 listings (-4%) versus the prior month and 36 listings (36%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Milledgeville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,835 sqft |
| 2018-02-01 | 0 days | 1,917 sqft |
| 2018-03-01 | 0 days | 1,902 sqft |
| 2018-04-01 | 0 days | 1,898 sqft |
| 2018-05-01 | 0 days | 1,834 sqft |
| 2018-06-01 | 0 days | 1,916 sqft |
| 2018-07-01 | 0 days | 1,937 sqft |
| 2018-08-01 | 0 days | 1,852 sqft |
| 2018-09-01 | 0 days | 1,889 sqft |
| 2018-10-01 | 0 days | 1,911 sqft |
| 2018-11-01 | 0 days | 1,909 sqft |
| 2018-12-01 | 0 days | 1,886 sqft |
| 2019-01-01 | 0 days | 1,848 sqft |
| 2019-02-01 | 0 days | 1,886 sqft |
| 2019-03-01 | 0 days | 2,009 sqft |
| 2019-04-01 | 0 days | 2,174 sqft |
| 2019-05-01 | 0 days | 2,151 sqft |
| 2019-06-01 | 0 days | 2,150 sqft |
| 2019-07-01 | 0 days | 2,105 sqft |
| 2019-08-01 | 0 days | 2,079 sqft |
| 2019-09-01 | 0 days | 2,074 sqft |
| 2019-10-01 | 0 days | 2,057 sqft |
| 2019-11-01 | 0 days | 2,030 sqft |
| 2019-12-01 | 0 days | 2,017 sqft |
| 2020-01-01 | 0 days | 2,124 sqft |
| 2020-02-01 | 0 days | 2,100 sqft |
| 2020-03-01 | 0 days | 2,108 sqft |
| 2020-04-01 | 0 days | 2,065 sqft |
| 2020-05-01 | 0 days | 2,100 sqft |
| 2020-06-01 | 0 days | 2,126 sqft |
| 2020-07-01 | 0 days | 2,163 sqft |
| 2020-08-01 | 0 days | 2,275 sqft |
| 2020-09-01 | 0 days | 2,233 sqft |
| 2020-10-01 | 0 days | 2,295 sqft |
| 2020-11-01 | 0 days | 2,240 sqft |
| 2020-12-01 | 0 days | 2,150 sqft |
| 2021-01-01 | 0 days | 2,128 sqft |
| 2021-02-01 | 0 days | 2,128 sqft |
| 2021-03-01 | 0 days | 2,091 sqft |
| 2021-04-01 | 0 days | 1,893 sqft |
| 2021-05-01 | 0 days | 1,776 sqft |
| 2021-06-01 | 0 days | 1,850 sqft |
| 2021-07-01 | 0 days | 1,892 sqft |
| 2021-08-01 | 0 days | 1,933 sqft |
| 2021-09-01 | 0 days | 1,935 sqft |
| 2021-10-01 | 0 days | 1,748 sqft |
| 2021-11-01 | 0 days | 1,632 sqft |
| 2021-12-01 | 0 days | 1,643 sqft |
| 2022-01-01 | 0 days | 1,752 sqft |
| 2022-02-01 | 0 days | 1,764 sqft |
| 2022-03-01 | 0 days | 2,006 sqft |
| 2022-04-01 | 0 days | 1,947 sqft |
| 2022-05-01 | 0 days | 1,942 sqft |
| 2022-06-01 | 0 days | 1,800 sqft |
| 2022-07-01 | 0 days | 1,800 sqft |
| 2022-08-01 | 0 days | 1,806 sqft |
| 2022-09-01 | 0 days | 1,800 sqft |
| 2022-10-01 | 0 days | 1,944 sqft |
| 2022-11-01 | 0 days | 2,057 sqft |
| 2022-12-01 | 0 days | 2,090 sqft |
| 2023-01-01 | 0 days | 1,953 sqft |
| 2023-02-01 | 0 days | 1,853 sqft |
| 2023-03-01 | 0 days | 2,049 sqft |
| 2023-04-01 | 0 days | 1,836 sqft |
| 2023-05-01 | 0 days | 1,806 sqft |
| 2023-06-01 | 0 days | 1,691 sqft |
| 2023-07-01 | 0 days | 1,632 sqft |
| 2023-08-01 | 0 days | 1,720 sqft |
| 2023-09-01 | 0 days | 1,786 sqft |
| 2023-10-01 | 0 days | 1,652 sqft |
| 2023-11-01 | 0 days | 1,800 sqft |
| 2023-12-01 | 0 days | 1,788 sqft |
| 2024-01-01 | 0 days | 1,796 sqft |
| 2024-02-01 | 0 days | 1,986 sqft |
| 2024-03-01 | 0 days | 2,036 sqft |
Milledgeville's median square footage for active listings during the 2024-03-01 period was 2,036 sqft. One year prior, the average listing was 2,049 sqft.