Ozark USDA Loan Rates, Closing Costs & Stats
Ozark, 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.
Ozark's 21 lenders originated 47 USDA loans during 2024. The total origination value was $7,575,000, with an average USDA loan value of $161,170.
Ozark USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Ozark
averaged
0.38%
for the week of 2025-06-20, compared to the national average (all USDA variants) of
0% for the same period.
Ozark's average USDA mortgage closing costs are $4,008.
The average rate for the prior week (2025-06-13) was
6.48% and
one month ago for the week of 2025-05-16, the
average rate was 6.55%.
The average rate one year ago was 6.77%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.1%.
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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 5 | 6.85% | $5,074 |
| UNITED WHOLESALE MORTGAGE, LLC | 4 | 6.13% | $8,259 |
| INTERLINC MORTGAGE SERVICES, LLC | 4 | 6.84% | $3,029 |
| MOVEMENT MORTGAGE, LLC | 3 | 7.17% | $6,914 |
| ENVOY MORTGAGE, LTD | 3 | 6.79% | $6,314 |
| Renasant Bank | 3 | 6.04% | $4,535 |
| Synovus Bank | 2 | 6.38% | $4,934 |
| Mortgage Research Center, LLC | 2 | 6.44% | $3,353 |
| Assurance Financial Group, L.L.C. | 1 | 7.63% | $4,793 |
| Ameris Bank | 1 | 5.75% | $7,603 |
| PNC Bank | 1 | 7.25% | $3,896 |
| SmartBank | 1 | 6.25% | $4,161 |
| TOWNE MORTGAGE COMPANY | 1 | 5.63% | $5,322 |
| Tyndall Federal Credit Union | 1 | 5.25% | $7,122 |
| UNION HOME MORTGAGE CORP. | 1 | 6.50% | $5,481 |
| Capital City Home Loans, LLC | 1 | 6.50% | $5,536 |
| CANOPY MORTGAGE, LLC | 1 | 6.50% | $4,984 |
| CMG MORTGAGE, INC. | 1 | 6.88% | $7,177 |
| Consumer First Mortgage, Inc. | 1 | 6.49% | $7,309 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.25% | $7,187 |
| Equity Prime Mortgage LLC | 1 | 6.25% | $4,492 |
The top Ozark USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
5 USDA loans originated. Their average total fees are
$5,074, which is $3,185
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Ozark USDA lenders (with over 10 loans originated) are
.
The lowest rate Ozark USDA lenders (with over 10 loans originated) are
.