Montgomery USDA Loan Rates, Closing Costs & Stats
MONTGOMERY, AL
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.
Montgomery's 14 lenders originated 30 USDA loans during 2023. The total origination value was $5,510,000, with an average USDA loan value of $183,667.
Montgomery USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Montgomery
averaged
6.72%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Montgomery's average USDA mortgage closing costs are $4,367.
The average rate for the prior week (2025-02-07) was
6.58% and
one month ago for the week of 2025-01-10, the
average rate was 6.72%.
The average rate one year ago was 6.31%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.72%.
Montgomery 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 Montgomery level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| CROSSCOUNTRY MORTGAGE, LLC | 10 | 6.43% | $7,583 |
| GMFS LLC | 3 | 6.58% | $2,848 |
| NEWREZ LLC | 3 | 5.88% | $8,514 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 7.21% | $6,029 |
| GUILD MORTGAGE COMPANY | 2 | 6.88% | $4,894 |
| Mortgage Research Center, LLC | 1 | 7.25% | $3,537 |
| PNC Bank | 1 | 8.00% | $4,619 |
| Regions Bank | 1 | 5.75% | $4,639 |
| Ameris Bank | 1 | 5.25% | $10,963 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.50% | $9,191 |
| CMG MORTGAGE, INC. | 1 | 6.25% | $10,742 |
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 7.13% | $4,434 |
| Hamilton Mortgage Corporation | 1 | 7.25% | $4,639 |
| HOMESIDE FINANCIAL, LLC | 1 | 6.63% | $5,440 |
The top Montgomery USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
10 USDA loans originated. Their average total fees are
$7,583, which is $4,735
higher than the next largest lender,
GMFS LLC.
The lowest fee Montgomery USDA lenders (with over 10 loans originated) are
CROSSCOUNTRY MORTGAGE, LLC ($7,583), .
The lowest rate Montgomery USDA lenders (with over 10 loans originated) are
CROSSCOUNTRY MORTGAGE, LLC (6.43%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Montgomery (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 | $170,950 (3.6%) | $220,991 (-2.5%) | 0.63 | 1,893 |
| 2018-02-01 | $178,500 (5.8%) | $232,723 (2.0%) | 0.65 | 1,892 |
| 2018-03-01 | $179,900 (5.9%) | $240,141 (1.4%) | 0.63 | 1,969 |
| 2018-04-01 | $189,945 (11.7%) | $250,530 (4.4%) | 0.65 | 2,069 |
| 2018-05-01 | $194,900 (14.1%) | $254,535 (4.7%) | 0.65 | 2,077 |
| 2018-06-01 | $194,900 (13.7%) | $255,190 (4.6%) | 0.65 | 2,088 |
| 2018-07-01 | $197,500 (14.8%) | $255,607 (5.8%) | 0.66 | 2,059 |
| 2018-08-01 | $199,700 (17.4%) | $260,018 (8.8%) | 0.67 | 1,981 |
| 2018-09-01 | $199,900 (11.7%) | $259,132 (8.4%) | 0.67 | 1,943 |
| 2018-10-01 | $197,000 (12.6%) | $254,254 (6.9%) | 0.67 | 1,919 |
| 2018-11-01 | $194,925 (14.7%) | $251,699 (9.7%) | 0.66 | 1,824 |
| 2018-12-01 | $190,500 (10.8%) | $245,374 (8.6%) | 0.66 | 1,745 |
| 2019-01-01 | $192,200 (12.4%) | $246,181 (11.4%) | 0.67 | 1,654 |
| 2019-02-01 | $197,884 (10.9%) | $251,249 (8.0%) | 0.67 | 1,684 |
| 2019-03-01 | $207,929 (15.6%) | $261,496 (8.9%) | 0.68 | 1,681 |
| 2019-04-01 | $220,700 (16.2%) | $276,980 (10.6%) | 0.70 | 1,731 |
| 2019-05-01 | $224,800 (15.3%) | $275,726 (8.3%) | 0.70 | 1,647 |
| 2019-06-01 | $220,000 (12.9%) | $271,627 (6.4%) | 0.69 | 1,671 |
| 2019-07-01 | $223,700 (13.3%) | $271,754 (6.3%) | 0.70 | 1,664 |
| 2019-08-01 | $223,536 (11.9%) | $267,994 (3.1%) | 0.71 | 1,605 |
| 2019-09-01 | $221,491 (10.8%) | $263,979 (1.9%) | 0.71 | 1,571 |
| 2019-10-01 | $219,900 (11.6%) | $260,756 (2.6%) | 0.71 | 1,547 |
| 2019-11-01 | $216,000 (10.8%) | $253,641 (0.8%) | 0.71 | 1,524 |
| 2019-12-01 | $219,900 (15.4%) | $254,326 (3.7%) | 0.73 | 1,452 |
| 2020-01-01 | $223,800 (16.4%) | $255,642 (3.8%) | 0.75 | 1,381 |
| 2020-02-01 | $225,500 (14.0%) | $264,362 (5.2%) | 0.74 | 1,359 |
| 2020-03-01 | $239,450 (15.2%) | $274,927 (5.1%) | 0.75 | 1,346 |
| 2020-04-01 | $243,300 (10.2%) | $277,420 (0.2%) | 0.76 | 1,329 |
| 2020-05-01 | $244,900 (8.9%) | $276,293 (0.2%) | 0.74 | 1,243 |
| 2020-06-01 | $244,900 (11.3%) | $276,288 (1.7%) | 0.72 | 1,133 |
| 2020-07-01 | $243,650 (8.9%) | $273,981 (0.8%) | 0.71 | 1,075 |
| 2020-08-01 | $237,950 (6.5%) | $278,935 (4.1%) | 0.68 | 1,081 |
| 2020-09-01 | $238,975 (7.9%) | $281,214 (6.5%) | 0.68 | 980 |
| 2020-10-01 | $239,000 (8.7%) | $284,416 (9.1%) | 0.68 | 903 |
| 2020-11-01 | $217,450 (0.7%) | $273,234 (7.7%) | 0.64 | 895 |
| 2020-12-01 | $212,700 (-3.3%) | $271,413 (6.7%) | 0.63 | 816 |
| 2021-01-01 | $209,000 (-6.6%) | $269,779 (5.5%) | 0.62 | 736 |
| 2021-02-01 | $224,900 (-0.3%) | $294,066 (11.2%) | 0.65 | 580 |
| 2021-03-01 | $235,000 (-1.9%) | $304,742 (10.8%) | 0.67 | 555 |
| 2021-04-01 | $262,700 (8.0%) | $327,711 (18.1%) | 0.71 | 561 |
| 2021-05-01 | $259,700 (6.0%) | $325,146 (17.7%) | 0.69 | 571 |
| 2021-06-01 | $234,500 (-4.3%) | $300,481 (8.8%) | 0.61 | 572 |
| 2021-07-01 | $229,900 (-5.6%) | $300,640 (9.7%) | 0.61 | 620 |
| 2021-08-01 | $234,925 (-1.3%) | $306,582 (9.9%) | 0.63 | 638 |
| 2021-09-01 | $235,000 (-1.7%) | $303,238 (7.8%) | 0.63 | 601 |
| 2021-10-01 | $232,500 (-2.7%) | $295,671 (4.0%) | 0.62 | 549 |
| 2021-11-01 | $234,225 (7.7%) | $288,880 (5.7%) | 0.62 | 514 |
| 2021-12-01 | $211,175 (-0.7%) | $274,183 (1.0%) | 0.57 | 484 |
| 2022-01-01 | $205,000 (-1.9%) | $274,556 (1.8%) | 0.55 | 436 |
| 2022-02-01 | $202,400 (-10.0%) | $301,069 (2.4%) | 0.52 | 365 |
| 2022-03-01 | $229,600 (-2.3%) | $297,026 (-2.5%) | 0.57 | 414 |
| 2022-04-01 | $249,450 (-5.0%) | $305,963 (-6.6%) | 0.60 | 436 |
| 2022-05-01 | $246,825 (-5.0%) | $307,241 (-5.5%) | 0.57 | 506 |
| 2022-06-01 | $249,900 (6.6%) | $303,396 (1.0%) | 0.56 | 577 |
| 2022-07-01 | $288,500 (25.5%) | $324,184 (7.8%) | 0.65 | 678 |
| 2022-08-01 | $281,825 (20.0%) | $334,505 (9.1%) | 0.65 | 729 |
| 2022-09-01 | $269,900 (14.9%) | $348,781 (15.0%) | 0.63 | 710 |
| 2022-10-01 | $264,543 (13.8%) | $344,789 (16.6%) | 0.62 | 759 |
| 2022-11-01 | $263,750 (12.6%) | $332,561 (15.1%) | 0.63 | 793 |
| 2022-12-01 | $259,900 (23.1%) | $326,728 (19.2%) | 0.64 | 766 |
| 2023-01-01 | $277,100 (35.2%) | $327,971 (19.5%) | 0.69 | 693 |
| 2023-02-01 | $302,000 (49.2%) | $342,734 (13.8%) | 0.73 | 664 |
| 2023-03-01 | $309,325 (34.7%) | $358,512 (20.7%) | 0.73 | 647 |
| 2023-04-01 | $320,900 (28.6%) | $382,939 (25.2%) | 0.75 | 647 |
| 2023-05-01 | $308,950 (25.2%) | $388,422 (26.4%) | 0.70 | 653 |
| 2023-06-01 | $299,250 (19.8%) | $372,533 (22.8%) | 0.67 | 690 |
| 2023-07-01 | $315,000 (9.2%) | $370,584 (14.3%) | 0.72 | 743 |
| 2023-08-01 | $312,300 (10.8%) | $361,803 (8.2%) | 0.72 | 797 |
| 2023-09-01 | $305,000 (13.0%) | $355,753 (2.0%) | 0.71 | 848 |
| 2023-10-01 | $297,600 (12.5%) | $338,096 (-1.9%) | 0.70 | 926 |
| 2023-11-01 | $296,100 (12.3%) | $338,919 (1.9%) | 0.71 | 918 |
| 2023-12-01 | $299,000 (15.0%) | $331,287 (1.4%) | 0.73 | 903 |
| 2024-01-01 | $289,675 (4.5%) | $325,032 (-0.9%) | 0.71 | 836 |
| 2024-02-01 | $294,450 (-2.5%) | $336,035 (-2.0%) | 0.71 | 807 |
| 2024-03-01 | $309,900 (0.2%) | $354,598 (-1.1%) | 0.73 | 852 |
| 2024-04-01 | $317,500 (-1.1%) | $374,038 (-2.3%) | 0.74 | 864 |
| 2024-05-01 | $324,900 (5.2%) | $374,925 (-3.5%) | 0.73 | 889 |
| 2024-06-01 | $324,000 (8.3%) | $374,974 (0.7%) | 0.74 | 931 |
| 2024-07-01 | $317,000 (0.6%) | $372,238 (0.5%) | 0.72 | 1,008 |
| 2024-08-01 | $299,900 (-4.0%) | $368,975 (2.0%) | 0.70 | 1,067 |
| 2024-09-01 | $296,700 (-2.7%) | $372,886 (4.8%) | 0.70 | 1,148 |
| 2024-10-01 | $297,000 (-0.2%) | $365,668 (8.2%) | 0.70 | 1,165 |
| 2024-11-01 | $274,900 (-7.2%) | $340,051 (0.3%) | 0.66 | 1,190 |
| 2024-12-01 | $269,950 (-9.7%) | $331,641 (0.1%) | 0.67 | 1,131 |
| 2025-01-01 | $262,450 (-9.4%) | $324,150 (-0.3%) | 0.00 | 1,057 |
Montgomery's median listing price comes in at 0% of the national average.
Montgomery's average listing price for 2025-01-01 was $324,150, a difference of $-882 (-0.3%) versus the prior year and $-7,491 versus the prior month.
For the 2025-01-01 period, Montgomery had 1,057 MLS listings, a difference of -74 listings (-7%) versus the prior month and 221 listings (26%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Montgomery (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 99 days | 1,959 sqft |
| 2018-02-01 | 96 days | 1,992 sqft |
| 2018-03-01 | 71 days | 2,003 sqft |
| 2018-04-01 | 66 days | 2,067 sqft |
| 2018-05-01 | 66 days | 2,082 sqft |
| 2018-06-01 | 74 days | 2,080 sqft |
| 2018-07-01 | 75 days | 2,099 sqft |
| 2018-08-01 | 78 days | 2,122 sqft |
| 2018-09-01 | 79 days | 2,133 sqft |
| 2018-10-01 | 80 days | 2,089 sqft |
| 2018-11-01 | 85 days | 2,086 sqft |
| 2018-12-01 | 92 days | 2,052 sqft |
| 2019-01-01 | 100 days | 2,049 sqft |
| 2019-02-01 | 84 days | 2,100 sqft |
| 2019-03-01 | 73 days | 2,146 sqft |
| 2019-04-01 | 65 days | 2,192 sqft |
| 2019-05-01 | 61 days | 2,205 sqft |
| 2019-06-01 | 65 days | 2,188 sqft |
| 2019-07-01 | 71 days | 2,172 sqft |
| 2019-08-01 | 74 days | 2,162 sqft |
| 2019-09-01 | 77 days | 2,141 sqft |
| 2019-10-01 | 80 days | 2,120 sqft |
| 2019-11-01 | 85 days | 2,112 sqft |
| 2019-12-01 | 87 days | 2,126 sqft |
| 2020-01-01 | 92 days | 2,140 sqft |
| 2020-02-01 | 87 days | 2,157 sqft |
| 2020-03-01 | 64 days | 2,200 sqft |
| 2020-04-01 | 63 days | 2,214 sqft |
| 2020-05-01 | 71 days | 2,241 sqft |
| 2020-06-01 | 73 days | 2,248 sqft |
| 2020-07-01 | 61 days | 2,247 sqft |
| 2020-08-01 | 51 days | 2,241 sqft |
| 2020-09-01 | 55 days | 2,243 sqft |
| 2020-10-01 | 62 days | 2,239 sqft |
| 2020-11-01 | 59 days | 2,144 sqft |
| 2020-12-01 | 65 days | 2,092 sqft |
| 2021-01-01 | 67 days | 2,080 sqft |
| 2021-02-01 | 60 days | 2,204 sqft |
| 2021-03-01 | 43 days | 2,221 sqft |
| 2021-04-01 | 30 days | 2,226 sqft |
| 2021-05-01 | 30 days | 2,192 sqft |
| 2021-06-01 | 35 days | 2,067 sqft |
| 2021-07-01 | 35 days | 1,986 sqft |
| 2021-08-01 | 35 days | 2,065 sqft |
| 2021-09-01 | 45 days | 2,077 sqft |
| 2021-10-01 | 49 days | 2,080 sqft |
| 2021-11-01 | 53 days | 2,093 sqft |
| 2021-12-01 | 48 days | 1,933 sqft |
| 2022-01-01 | 51 days | 1,883 sqft |
| 2022-02-01 | 41 days | 1,958 sqft |
| 2022-03-01 | 29 days | 1,916 sqft |
| 2022-04-01 | 29 days | 2,074 sqft |
| 2022-05-01 | 25 days | 2,076 sqft |
| 2022-06-01 | 30 days | 2,016 sqft |
| 2022-07-01 | 31 days | 2,123 sqft |
| 2022-08-01 | 40 days | 2,091 sqft |
| 2022-09-01 | 46 days | 2,098 sqft |
| 2022-10-01 | 45 days | 2,078 sqft |
| 2022-11-01 | 50 days | 2,079 sqft |
| 2022-12-01 | 61 days | 2,089 sqft |
| 2023-01-01 | 74 days | 2,109 sqft |
| 2023-02-01 | 58 days | 2,164 sqft |
| 2023-03-01 | 52 days | 2,166 sqft |
| 2023-04-01 | 50 days | 2,188 sqft |
| 2023-05-01 | 46 days | 2,153 sqft |
| 2023-06-01 | 48 days | 2,094 sqft |
| 2023-07-01 | 46 days | 2,140 sqft |
| 2023-08-01 | 45 days | 2,142 sqft |
| 2023-09-01 | 51 days | 2,135 sqft |
| 2023-10-01 | 53 days | 2,052 sqft |
| 2023-11-01 | 59 days | 2,025 sqft |
| 2023-12-01 | 68 days | 2,045 sqft |
| 2024-01-01 | 78 days | 2,019 sqft |
| 2024-02-01 | 65 days | 2,022 sqft |
| 2024-03-01 | 53 days | 2,098 sqft |
| 2024-04-01 | 50 days | 2,122 sqft |
| 2024-05-01 | 49 days | 2,136 sqft |
| 2024-06-01 | 52 days | 2,135 sqft |
| 2024-07-01 | 51 days | 2,114 sqft |
| 2024-08-01 | 50 days | 2,041 sqft |
| 2024-09-01 | 55 days | 2,035 sqft |
| 2024-10-01 | 60 days | 2,063 sqft |
| 2024-11-01 | 64 days | 2,011 sqft |
| 2024-12-01 | 75 days | 1,972 sqft |
| 2025-01-01 | 0 days | 1,926 sqft |
Montgomery's median square footage for active listings during the 2025-01-01 period was 1,926 sqft. One year prior, the average listing was 2,019 sqft.