Rome USDA Loan Rates, Closing Costs & Stats
ROME, 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.
Rome's 19 lenders originated 27 USDA loans during 2023. The total origination value was $5,315,000, with an average USDA loan value of $196,852.
Rome USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Rome
averaged
-0.11%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Rome's average USDA mortgage closing costs are $4,809.
The average rate for the prior week (2024-11-22) was
6.39% and
one month ago for the week of 2024-10-25, the
average rate was 6.49%.
The average rate one year ago was 6.89%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.49%.
Rome 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 Rome level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
HOMESTAR FINANCIAL CORPORATION | 3 | 6.33% | $3,024 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 7.58% | $7,621 |
SWBC MORTGAGE CORPORATION | 2 | 5.75% | $6,838 |
First Heritage Mortgage, LLC | 1 | 6.63% | $8,657 |
Flagstar Bank, FSB | 1 | 6.75% | $5,568 |
GUARANTEED RATE AFFINITY, LLC | 1 | 7.05% | $7,637 |
GUARANTEED RATE, INC. | 1 | 6.25% | $4,972 |
Loan Simple, Inc. | 1 | 6.75% | $9,935 |
Mortgage Assurance Inc. | 1 | 6.00% | $7,382 |
MOVEMENT MORTGAGE, LLC | 1 | 6.75% | $8,741 |
PLAZA HOME MORTGAGE, INC. | 1 | 7.63% | $9,926 |
Prosperity Home Mortgage, LLC | 1 | 7.49% | $8,978 |
Renasant Bank | 1 | 6.50% | $8,390 |
SOUTHEAST MORTGAGE OF GEORGIA, INC. | 1 | 6.38% | $9,137 |
Synovus Bank | 1 | 6.25% | $8,388 |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 6.63% | $5,075 |
VANDERBILT MORTGAGE AND FINANCE, INC. | 1 | 7.13% | $6,718 |
CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.25% | $10,799 |
FirstBank | 1 | 6.63% | $6,380 |
The top Rome USDA lender as defined by loan originations is HOMESTAR FINANCIAL CORPORATION, with
3 USDA loans originated. Their average total fees are
$3,024, which is $4,597
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Rome USDA lenders (with over 10 loans originated) are
.
The lowest rate Rome USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Rome (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $179,700 (15.5%) | $243,993 (5.7%) | 0.00 | 320 |
2018-02-01 | $170,575 (12.9%) | $229,231 (5.2%) | 0.00 | 326 |
2018-03-01 | $175,000 (16.7%) | $233,905 (5.9%) | 0.00 | 339 |
2018-04-01 | $179,900 (13.9%) | $249,023 (8.9%) | 0.00 | 362 |
2018-05-01 | $189,500 (18.5%) | $260,546 (11.6%) | 0.00 | 353 |
2018-06-01 | $199,000 (18.5%) | $268,334 (13.5%) | 0.00 | 353 |
2018-07-01 | $192,350 (16.7%) | $264,456 (13.6%) | 0.00 | 381 |
2018-08-01 | $177,400 (4.4%) | $255,653 (7.2%) | 0.00 | 427 |
2018-09-01 | $174,950 (3.0%) | $264,159 (11.8%) | 0.00 | 402 |
2018-10-01 | $159,683 (-8.7%) | $240,117 (-1.9%) | 0.00 | 447 |
2018-11-01 | $164,900 (-5.8%) | $242,640 (0.0%) | 0.00 | 459 |
2018-12-01 | $160,000 (-8.5%) | $244,447 (1.8%) | 0.00 | 440 |
2019-01-01 | $158,563 (-11.8%) | $246,323 (1.0%) | 0.00 | 399 |
2019-02-01 | $169,900 (-0.4%) | $274,795 (19.9%) | 0.00 | 385 |
2019-03-01 | $175,614 (0.4%) | $281,539 (20.4%) | 0.00 | 376 |
2019-04-01 | $171,264 (-4.8%) | $277,041 (11.3%) | 0.00 | 405 |
2019-05-01 | $187,425 (-1.1%) | $290,157 (11.4%) | 0.00 | 416 |
2019-06-01 | $189,900 (-4.6%) | $275,752 (2.8%) | 0.00 | 431 |
2019-07-01 | $195,279 (1.5%) | $277,182 (4.8%) | 0.00 | 443 |
2019-08-01 | $207,950 (17.2%) | $279,353 (9.3%) | 0.00 | 433 |
2019-09-01 | $209,075 (19.5%) | $278,034 (5.3%) | 0.00 | 413 |
2019-10-01 | $217,325 (36.1%) | $286,841 (19.5%) | 0.00 | 382 |
2019-11-01 | $219,900 (33.4%) | $290,946 (19.9%) | 0.00 | 344 |
2019-12-01 | $219,900 (37.4%) | $287,387 (17.6%) | 0.00 | 348 |
2020-01-01 | $219,675 (38.5%) | $283,184 (15.0%) | 0.00 | 308 |
2020-02-01 | $232,500 (36.9%) | $289,491 (5.4%) | 0.00 | 317 |
2020-03-01 | $230,750 (31.4%) | $284,290 (1.0%) | 0.00 | 307 |
2020-04-01 | $222,200 (29.7%) | $288,409 (4.1%) | 0.00 | 307 |
2020-05-01 | $239,900 (28.0%) | $307,120 (5.9%) | 0.00 | 286 |
2020-06-01 | $248,200 (30.7%) | $312,405 (13.3%) | 0.00 | 254 |
2020-07-01 | $245,925 (25.9%) | $318,620 (15.0%) | 0.00 | 229 |
2020-08-01 | $246,950 (18.8%) | $334,284 (19.7%) | 0.00 | 219 |
2020-09-01 | $234,950 (12.4%) | $307,416 (10.6%) | 0.00 | 221 |
2020-10-01 | $219,950 (1.2%) | $288,505 (0.6%) | 0.00 | 218 |
2020-11-01 | $220,000 (0.1%) | $287,644 (-1.1%) | 0.00 | 207 |
2020-12-01 | $231,200 (5.1%) | $299,369 (4.2%) | 0.00 | 194 |
2021-01-01 | $231,200 (5.3%) | $319,735 (12.9%) | 0.00 | 162 |
2021-02-01 | $237,000 (1.9%) | $341,119 (17.8%) | 0.00 | 148 |
2021-03-01 | $245,875 (6.6%) | $342,749 (20.6%) | 0.00 | 133 |
2021-04-01 | $240,425 (8.2%) | $339,622 (17.8%) | 0.00 | 119 |
2021-05-01 | $249,450 (4.0%) | $370,879 (20.8%) | 0.00 | 121 |
2021-06-01 | $244,631 (-1.4%) | $359,343 (15.0%) | 0.00 | 158 |
2021-07-01 | $234,900 (-4.5%) | $344,706 (8.2%) | 0.00 | 172 |
2021-08-01 | $217,400 (-12.0%) | $319,712 (-4.4%) | 0.00 | 184 |
2021-09-01 | $212,175 (-9.7%) | $321,896 (4.7%) | 0.00 | 165 |
2021-10-01 | $210,000 (-4.5%) | $319,739 (10.8%) | 0.00 | 163 |
2021-11-01 | $200,000 (-9.1%) | $333,201 (15.8%) | 0.00 | 155 |
2021-12-01 | $226,200 (-2.2%) | $339,259 (13.3%) | 0.00 | 141 |
2022-01-01 | $234,900 (1.6%) | $369,939 (15.7%) | 0.00 | 109 |
2022-02-01 | $244,675 (3.2%) | $381,733 (11.9%) | 0.00 | 114 |
2022-03-01 | $241,750 (-1.7%) | $361,541 (5.5%) | 0.00 | 138 |
2022-04-01 | $249,000 (3.6%) | $353,260 (4.0%) | 0.00 | 141 |
2022-05-01 | $247,528 (-0.8%) | $337,838 (-8.9%) | 0.00 | 168 |
2022-06-01 | $250,000 (2.2%) | $373,231 (3.9%) | 0.00 | 170 |
2022-07-01 | $257,900 (9.8%) | $366,431 (6.3%) | 0.00 | 195 |
2022-08-01 | $251,200 (15.6%) | $364,409 (14.0%) | 0.00 | 191 |
2022-09-01 | $259,450 (22.3%) | $370,306 (15.0%) | 0.00 | 189 |
2022-10-01 | $243,750 (16.1%) | $339,233 (6.1%) | 0.00 | 210 |
2022-11-01 | $239,500 (19.8%) | $344,146 (3.3%) | 0.00 | 219 |
2022-12-01 | $242,475 (7.2%) | $342,854 (1.1%) | 0.00 | 200 |
2023-01-01 | $244,912 (4.3%) | $330,321 (-10.7%) | 0.00 | 195 |
2023-02-01 | $247,100 (1.0%) | $320,176 (-16.1%) | 0.00 | 200 |
2023-03-01 | $261,230 (8.1%) | $338,343 (-6.4%) | 0.00 | 183 |
2023-04-01 | $265,450 (6.6%) | $334,318 (-5.4%) | 0.00 | 166 |
2023-05-01 | $285,000 (15.1%) | $345,872 (2.4%) | 0.00 | 156 |
2023-06-01 | $280,000 (12.0%) | $340,470 (-8.8%) | 0.00 | 152 |
2023-07-01 | $289,000 (12.1%) | $360,199 (-1.7%) | 0.00 | 159 |
2023-08-01 | $286,750 (14.2%) | $357,529 (-1.9%) | 0.00 | 164 |
2023-09-01 | $285,000 (9.9%) | $355,756 (-3.9%) | 0.00 | 174 |
2023-10-01 | $288,200 (18.2%) | $350,573 (3.3%) | 0.00 | 215 |
2023-11-01 | $284,900 (19.0%) | $348,137 (1.2%) | 0.00 | 227 |
2023-12-01 | $289,900 (19.6%) | $345,898 (0.9%) | 0.00 | 225 |
2024-01-01 | $275,000 (12.3%) | $345,980 (4.7%) | 0.00 | 209 |
2024-02-01 | $268,750 (8.8%) | $331,938 (3.7%) | 0.00 | 221 |
2024-03-01 | $274,950 (5.3%) | $328,975 (-2.8%) | 0.00 | 226 |
2024-04-01 | $292,575 (10.2%) | $344,386 (3.0%) | 0.00 | 236 |
2024-05-01 | $296,000 (3.9%) | $354,986 (2.6%) | 0.00 | 251 |
2024-06-01 | $292,388 (4.4%) | $354,340 (4.1%) | 0.00 | 277 |
2024-07-01 | $294,605 (1.9%) | $364,411 (1.2%) | 0.00 | 282 |
2024-08-01 | $282,950 (-1.3%) | $361,917 (1.2%) | 0.00 | 310 |
2024-09-01 | $279,550 (-1.9%) | $359,471 (1.0%) | 0.00 | 340 |
2024-10-01 | $279,925 (-2.9%) | $355,894 (1.5%) | 0.00 | 343 |
Rome's median listing price comes in at 0% of the national average.
Rome's average listing price for 2024-10-01 was $355,894, a difference of $5,321 (1.5%) versus the prior year and $-3,577 versus the prior month.
For the 2024-10-01 period, Rome had 343 MLS listings, a difference of 3 listings (1%) versus the prior month and 128 listings (60%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Rome (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,002 sqft |
2018-02-01 | 0 days | 1,816 sqft |
2018-03-01 | 0 days | 1,833 sqft |
2018-04-01 | 0 days | 1,907 sqft |
2018-05-01 | 0 days | 1,926 sqft |
2018-06-01 | 0 days | 1,938 sqft |
2018-07-01 | 0 days | 1,869 sqft |
2018-08-01 | 0 days | 1,820 sqft |
2018-09-01 | 0 days | 1,817 sqft |
2018-10-01 | 0 days | 1,877 sqft |
2018-11-01 | 0 days | 1,876 sqft |
2018-12-01 | 0 days | 1,872 sqft |
2019-01-01 | 0 days | 1,873 sqft |
2019-02-01 | 0 days | 1,854 sqft |
2019-03-01 | 0 days | 1,897 sqft |
2019-04-01 | 0 days | 1,914 sqft |
2019-05-01 | 0 days | 2,025 sqft |
2019-06-01 | 0 days | 2,156 sqft |
2019-07-01 | 0 days | 2,129 sqft |
2019-08-01 | 0 days | 2,079 sqft |
2019-09-01 | 0 days | 2,034 sqft |
2019-10-01 | 0 days | 2,011 sqft |
2019-11-01 | 0 days | 2,047 sqft |
2019-12-01 | 0 days | 1,958 sqft |
2020-01-01 | 0 days | 2,013 sqft |
2020-02-01 | 0 days | 2,026 sqft |
2020-03-01 | 0 days | 1,987 sqft |
2020-04-01 | 0 days | 1,974 sqft |
2020-05-01 | 0 days | 2,187 sqft |
2020-06-01 | 0 days | 2,242 sqft |
2020-07-01 | 0 days | 2,143 sqft |
2020-08-01 | 0 days | 2,081 sqft |
2020-09-01 | 0 days | 1,922 sqft |
2020-10-01 | 0 days | 1,837 sqft |
2020-11-01 | 0 days | 1,851 sqft |
2020-12-01 | 0 days | 1,820 sqft |
2021-01-01 | 0 days | 1,844 sqft |
2021-02-01 | 0 days | 1,840 sqft |
2021-03-01 | 0 days | 1,901 sqft |
2021-04-01 | 0 days | 1,878 sqft |
2021-05-01 | 0 days | 2,033 sqft |
2021-06-01 | 0 days | 1,860 sqft |
2021-07-01 | 0 days | 1,925 sqft |
2021-08-01 | 0 days | 1,748 sqft |
2021-09-01 | 0 days | 1,677 sqft |
2021-10-01 | 0 days | 1,670 sqft |
2021-11-01 | 0 days | 1,553 sqft |
2021-12-01 | 0 days | 1,627 sqft |
2022-01-01 | 0 days | 1,637 sqft |
2022-02-01 | 0 days | 1,744 sqft |
2022-03-01 | 0 days | 1,631 sqft |
2022-04-01 | 0 days | 1,800 sqft |
2022-05-01 | 0 days | 1,690 sqft |
2022-06-01 | 0 days | 1,871 sqft |
2022-07-01 | 0 days | 1,800 sqft |
2022-08-01 | 0 days | 1,752 sqft |
2022-09-01 | 0 days | 1,758 sqft |
2022-10-01 | 0 days | 1,733 sqft |
2022-11-01 | 0 days | 1,694 sqft |
2022-12-01 | 0 days | 1,659 sqft |
2023-01-01 | 0 days | 1,616 sqft |
2023-02-01 | 0 days | 1,638 sqft |
2023-03-01 | 0 days | 1,701 sqft |
2023-04-01 | 0 days | 1,686 sqft |
2023-05-01 | 0 days | 1,840 sqft |
2023-06-01 | 0 days | 1,850 sqft |
2023-07-01 | 0 days | 1,850 sqft |
2023-08-01 | 0 days | 1,894 sqft |
2023-09-01 | 0 days | 1,846 sqft |
2023-10-01 | 0 days | 1,807 sqft |
2023-11-01 | 0 days | 1,721 sqft |
2023-12-01 | 0 days | 1,778 sqft |
2024-01-01 | 0 days | 1,750 sqft |
2024-02-01 | 0 days | 1,660 sqft |
2024-03-01 | 0 days | 1,640 sqft |
2024-04-01 | 0 days | 1,772 sqft |
2024-05-01 | 0 days | 1,708 sqft |
2024-06-01 | 0 days | 1,737 sqft |
2024-07-01 | 0 days | 1,724 sqft |
2024-08-01 | 0 days | 1,666 sqft |
2024-09-01 | 0 days | 1,660 sqft |
2024-10-01 | 0 days | 1,694 sqft |
Rome's median square footage for active listings during the 2024-10-01 period was 1,694 sqft. One year prior, the average listing was 1,807 sqft.