Ozark USDA Loan Rates, Closing Costs & Stats

Ozark, AL

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    • 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.

    Ozark's 13 lenders originated 40 USDA loans during 2023. The total origination value was $5,390,000, with an average USDA loan value of $134,750.

    Ozark USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Ozark averaged -0.24% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Ozark's average USDA mortgage closing costs are $3,846.

    The average rate for the prior week (2024-11-08) was 6.31% and one month ago for the week of 2024-10-11, the average rate was 5.87%.

    The average rate one year ago was 7.4%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Ozark 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 Ozark level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    ENVOY MORTGAGE, LTD 16 6.72% $6,749
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 7.00% $4,186
    Mortgage Research Center, LLC 3 6.67% $3,604
    UNION HOME MORTGAGE CORP. 2 6.63% $6,994
    INTERLINC MORTGAGE SERVICES, LLC 2 6.88% $4,606
    Renasant Bank 2 6.69% $5,435
    Synovus Bank 1 6.25% $5,618
    Assurance Financial Group, L.L.C. 1 6.63% $5,414
    Ameris Bank 1 6.63% $5,069
    SmartBank 1 6.63% $4,296
    STOCKTON MORTGAGE CORPORATION 1 6.75% $4,756
    Consumer First Mortgage, Inc. 1 6.25% $8,525
    GMFS LLC 1 5.75% $3,483

    The top Ozark USDA lender as defined by loan originations is ENVOY MORTGAGE, LTD, with 16 USDA loans originated. Their average total fees are $6,749, which is $2,563 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Ozark USDA lenders (with over 10 loans originated) are ENVOY MORTGAGE, LTD ($6,749), .

    The lowest rate Ozark USDA lenders (with over 10 loans originated) are ENVOY MORTGAGE, LTD (6.72%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ozark (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 $124,825 (4.0%) $151,579 (3.9%) 0.00 215
    2018-02-01 $119,900 (-3.9%) $156,098 (1.3%) 0.00 227
    2018-03-01 $124,500 (-11.1%) $158,086 (-1.0%) 0.00 219
    2018-04-01 $125,950 (-10.0%) $155,264 (-4.0%) 0.00 237
    2018-05-01 $132,125 (-2.1%) $160,441 (5.2%) 0.00 273
    2018-06-01 $135,000 (5.7%) $160,623 (6.1%) 0.00 235
    2018-07-01 $134,350 (4.0%) $161,450 (5.2%) 0.00 237
    2018-08-01 $127,325 (3.1%) $164,349 (11.7%) 0.00 233
    2018-09-01 $125,000 (0.1%) $157,409 (7.4%) 0.00 233
    2018-10-01 $127,000 (5.9%) $158,084 (5.6%) 0.00 241
    2018-11-01 $119,700 (-0.2%) $150,862 (0.1%) 0.00 237
    2018-12-01 $119,900 (0.0%) $150,579 (0.8%) 0.00 242
    2019-01-01 $118,950 (-4.7%) $140,903 (-7.0%) 0.00 241
    2019-02-01 $119,225 (-0.6%) $141,905 (-9.1%) 0.00 231
    2019-03-01 $125,943 (1.2%) $153,395 (-3.0%) 0.00 209
    2019-04-01 $135,750 (7.8%) $165,778 (6.8%) 0.00 190
    2019-05-01 $132,900 (0.6%) $167,308 (4.3%) 0.00 182
    2019-06-01 $132,900 (-1.6%) $167,839 (4.5%) 0.00 198
    2019-07-01 $134,424 (0.1%) $173,446 (7.4%) 0.00 184
    2019-08-01 $132,755 (4.3%) $176,730 (7.5%) 0.00 181
    2019-09-01 $131,036 (4.8%) $174,272 (10.7%) 0.00 186
    2019-10-01 $129,800 (2.2%) $174,090 (10.1%) 0.00 187
    2019-11-01 $129,500 (8.2%) $176,650 (17.1%) 0.00 181
    2019-12-01 $130,850 (9.1%) $175,667 (16.7%) 0.00 167
    2020-01-01 $138,975 (16.8%) $181,011 (28.5%) 0.00 159
    2020-02-01 $139,700 (17.2%) $175,239 (23.5%) 0.00 163
    2020-03-01 $140,725 (11.7%) $183,104 (19.4%) 0.00 157
    2020-04-01 $147,500 (8.7%) $185,348 (11.8%) 0.00 151
    2020-05-01 $148,950 (12.1%) $180,750 (8.0%) 0.00 133
    2020-06-01 $146,175 (10.0%) $186,200 (10.9%) 0.00 125
    2020-07-01 $131,500 (-2.2%) $177,927 (2.6%) 0.00 112
    2020-08-01 $149,900 (12.9%) $187,707 (6.2%) 0.00 112
    2020-09-01 $149,225 (13.9%) $194,843 (11.8%) 0.00 100
    2020-10-01 $156,250 (20.4%) $199,265 (14.5%) 0.00 92
    2020-11-01 $147,175 (13.7%) $186,755 (5.7%) 0.00 83
    2020-12-01 $145,600 (11.3%) $180,080 (2.5%) 0.00 79
    2021-01-01 $149,900 (7.9%) $164,781 (-9.0%) 0.00 69
    2021-02-01 $154,075 (10.3%) $177,159 (1.1%) 0.00 67
    2021-03-01 $155,000 (10.1%) $192,814 (5.3%) 0.00 62
    2021-04-01 $162,750 (10.3%) $200,871 (8.4%) 0.00 66
    2021-05-01 $168,000 (12.8%) $226,343 (25.2%) 0.00 59
    2021-06-01 $164,625 (12.6%) $253,937 (36.4%) 0.00 49
    2021-07-01 $159,950 (21.6%) $265,901 (49.4%) 0.00 56
    2021-08-01 $148,875 (-0.7%) $233,153 (24.2%) 0.00 65
    2021-09-01 $142,500 (-4.5%) $216,679 (11.2%) 0.00 63
    2021-10-01 $140,500 (-10.1%) $192,488 (-3.4%) 0.00 60
    2021-11-01 $151,375 (2.9%) $207,048 (10.9%) 0.00 50
    2021-12-01 $166,000 (14.0%) $190,670 (5.9%) 0.00 45
    2022-01-01 $142,500 (-4.9%) $182,452 (10.7%) 0.00 49
    2022-02-01 $139,700 (-9.3%) $185,884 (4.9%) 0.00 46
    2022-03-01 $141,250 (-8.9%) $200,329 (3.9%) 0.00 39
    2022-04-01 $175,000 (7.5%) $213,392 (6.2%) 0.00 47
    2022-05-01 $167,225 (-0.5%) $220,358 (-2.6%) 0.00 54
    2022-06-01 $179,900 (9.3%) $225,733 (-11.1%) 0.00 63
    2022-07-01 $184,500 (15.4%) $249,534 (-6.2%) 0.00 64
    2022-08-01 $187,000 (25.6%) $234,868 (0.7%) 0.00 77
    2022-09-01 $159,250 (11.8%) $208,861 (-3.6%) 0.00 77
    2022-10-01 $175,000 (24.6%) $219,134 (13.8%) 0.00 89
    2022-11-01 $196,575 (29.9%) $233,590 (12.8%) 0.00 78
    2022-12-01 $199,900 (20.4%) $235,286 (23.4%) 0.00 69
    2023-01-01 $214,400 (50.5%) $250,677 (37.4%) 0.00 63
    2023-02-01 $195,000 (39.6%) $240,489 (29.4%) 0.00 52
    2023-03-01 $170,000 (20.4%) $239,577 (19.6%) 0.00 47
    2023-04-01 $220,000 (25.7%) $264,428 (23.9%) 0.00 49
    2023-05-01 $229,950 (37.5%) $285,627 (29.6%) 0.00 55
    2023-06-01 $222,900 (23.9%) $293,469 (30.0%) 0.00 60
    2023-07-01 $225,000 (22.0%) $291,878 (17.0%) 0.00 59
    2023-08-01 $212,300 (13.5%) $267,958 (14.1%) 0.00 61
    2023-09-01 $185,000 (16.2%) $240,556 (15.2%) 0.00 70
    2023-10-01 $193,500 (10.6%) $240,792 (9.9%) 0.00 80
    2023-11-01 $179,450 (-8.7%) $235,394 (0.8%) 0.00 84
    2023-12-01 $182,000 (-9.0%) $223,854 (-4.9%) 0.00 86
    2024-01-01 $170,725 (-20.4%) $215,768 (-13.9%) 0.00 84
    2024-02-01 $180,450 (-7.5%) $219,913 (-8.6%) 0.00 84
    2024-03-01 $192,400 (13.2%) $242,313 (1.1%) 0.00 97
    2024-04-01 $191,250 (-13.1%) $243,239 (-8.0%) 0.00 91
    2024-05-01 $199,700 (-13.2%) $238,475 (-16.5%) 0.00 102
    2024-06-01 $195,500 (-12.3%) $235,869 (-19.6%) 0.00 104
    2024-07-01 $222,975 (-0.9%) $254,596 (-12.8%) 0.00 112
    2024-08-01 $237,450 (11.9%) $264,335 (-1.4%) 0.00 119
    2024-09-01 $239,900 (29.7%) $266,940 (11.0%) 0.00 132
    2024-10-01 $236,175 (22.1%) $255,250 (6.0%) 0.00 138
    Ozark's median listing price for 2024-10-01 was $236,175, a difference of $42,675 (22.1%) versus the prior year and $-3,725 versus the prior month.

    Ozark's median listing price comes in at 0% of the national average.

    Ozark's average listing price for 2024-10-01 was $255,250, a difference of $14,458 (6.0%) versus the prior year and $-11,690 versus the prior month.

    For the 2024-10-01 period, Ozark had 138 MLS listings, a difference of 6 listings (5%) versus the prior month and 58 listings (73%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ozark (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,690 sqft
    2018-02-01 0 days 1,668 sqft
    2018-03-01 0 days 1,687 sqft
    2018-04-01 0 days 1,684 sqft
    2018-05-01 0 days 1,743 sqft
    2018-06-01 0 days 1,736 sqft
    2018-07-01 0 days 1,767 sqft
    2018-08-01 0 days 1,793 sqft
    2018-09-01 0 days 1,769 sqft
    2018-10-01 0 days 1,758 sqft
    2018-11-01 0 days 1,692 sqft
    2018-12-01 0 days 1,661 sqft
    2019-01-01 0 days 1,615 sqft
    2019-02-01 0 days 1,620 sqft
    2019-03-01 0 days 1,681 sqft
    2019-04-01 0 days 1,750 sqft
    2019-05-01 0 days 1,758 sqft
    2019-06-01 0 days 1,744 sqft
    2019-07-01 0 days 1,751 sqft
    2019-08-01 0 days 1,759 sqft
    2019-09-01 0 days 1,782 sqft
    2019-10-01 0 days 1,773 sqft
    2019-11-01 0 days 1,704 sqft
    2019-12-01 0 days 1,734 sqft
    2020-01-01 0 days 1,735 sqft
    2020-02-01 0 days 1,739 sqft
    2020-03-01 0 days 1,776 sqft
    2020-04-01 0 days 1,814 sqft
    2020-05-01 0 days 1,730 sqft
    2020-06-01 0 days 1,719 sqft
    2020-07-01 0 days 1,700 sqft
    2020-08-01 0 days 1,820 sqft
    2020-09-01 0 days 1,760 sqft
    2020-10-01 0 days 1,848 sqft
    2020-11-01 0 days 1,764 sqft
    2020-12-01 0 days 1,750 sqft
    2021-01-01 0 days 1,764 sqft
    2021-02-01 0 days 1,757 sqft
    2021-03-01 0 days 1,704 sqft
    2021-04-01 0 days 1,727 sqft
    2021-05-01 0 days 1,820 sqft
    2021-06-01 0 days 1,891 sqft
    2021-07-01 0 days 1,794 sqft
    2021-08-01 0 days 1,686 sqft
    2021-09-01 0 days 1,648 sqft
    2021-10-01 0 days 1,614 sqft
    2021-11-01 0 days 1,682 sqft
    2021-12-01 0 days 1,632 sqft
    2022-01-01 0 days 1,592 sqft
    2022-02-01 0 days 1,555 sqft
    2022-03-01 0 days 1,586 sqft
    2022-04-01 0 days 1,739 sqft
    2022-05-01 0 days 1,604 sqft
    2022-06-01 0 days 1,703 sqft
    2022-07-01 0 days 2,000 sqft
    2022-08-01 0 days 1,845 sqft
    2022-09-01 0 days 1,638 sqft
    2022-10-01 0 days 1,666 sqft
    2022-11-01 0 days 1,792 sqft
    2022-12-01 0 days 1,765 sqft
    2023-01-01 0 days 1,963 sqft
    2023-02-01 0 days 1,925 sqft
    2023-03-01 0 days 1,971 sqft
    2023-04-01 0 days 2,154 sqft
    2023-05-01 0 days 2,232 sqft
    2023-06-01 0 days 2,192 sqft
    2023-07-01 0 days 2,118 sqft
    2023-08-01 0 days 1,995 sqft
    2023-09-01 0 days 1,707 sqft
    2023-10-01 0 days 1,745 sqft
    2023-11-01 0 days 1,703 sqft
    2023-12-01 0 days 1,729 sqft
    2024-01-01 0 days 1,707 sqft
    2024-02-01 0 days 1,671 sqft
    2024-03-01 0 days 1,766 sqft
    2024-04-01 0 days 1,736 sqft
    2024-05-01 0 days 1,712 sqft
    2024-06-01 0 days 1,725 sqft
    2024-07-01 0 days 1,847 sqft
    2024-08-01 0 days 1,870 sqft
    2024-09-01 0 days 1,825 sqft
    2024-10-01 0 days 1,739 sqft
    Ozark's median listing age (time on market) for 2024-10-01 was 0 days.

    Ozark's median square footage for active listings during the 2024-10-01 period was 1,739 sqft. One year prior, the average listing was 1,745 sqft.