Rome USDA Loans

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 21 lenders originated 66 USDA loans during 2021. The total origination value was $11,790,000, with an average USDA loan value of $178,636.

Rome USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Rome averaged 5.37% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.2% and one month ago for the week of 2022-04-08, the average rate was 4.86%.

The average rate one year ago was 3.38%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.01%.

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

Rome USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Rome level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
HOMESTAR FINANCIAL CORPORATION 21 2.93% $4,364
FirstBank 11 2.88% $6,009
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.00% $5,472
Synovus Bank 4 2.63% $6,401
South State Bank 4 2.63% $6,397
THE MORTGAGE FIRM, INC. 2 3.13% $5,148
LENDUS, LLC 2 2.69% $5,967
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 3.25% $7,817
STOCKTON MORTGAGE CORPORATION 1 4.13% $4,265
SWBC MORTGAGE CORPORATION 1 2.50% $1,428
Truist Bank 1 2.75% $7,986
United Community Bank 1 3.13% $4,609
US MORTGAGE CORPORATION 1 2.88% $5,980
CERTAINTY HOME LOANS, LLC 1 3.00% $6,227
VANDERBILT MORTGAGE AND FINANCE, INC. 1 3.00% $4,848
First Guaranty Mortgage Corporation 1 3.25% $7,989
GUILD MORTGAGE COMPANY 1 3.63% $7,088
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 4.00% $6,097
Hometown Equity Mortgage, LLC 1 3.13% $3,348
NEWREZ LLC 1 3.25% $4,758
Renasant Bank 1 2.75% $4,473

The top Rome USDA lender as defined by loan originations is HOMESTAR FINANCIAL CORPORATION, with 21 USDA loans originated. Their average total fees are $4,364, which is $1,645 lower than the next largest lender, FirstBank.

The lowest fee Rome USDA lenders (with over 10 loans originated) are HOMESTAR FINANCIAL CORPORATION ($4,364), FirstBank ($6,009), .

The lowest rate Rome USDA lenders (with over 10 loans originated) are FirstBank (2.88%), HOMESTAR FINANCIAL CORPORATION (2.93%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Rome (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 $192,000 (28.0%) $244,307 (13.2%) 0.00 460
2018-02-01 $174,000 (16.1%) $228,900 (13.3%) 0.00 478
2018-03-01 $179,900 (20.4%) $232,799 (14.1%) 0.00 500
2018-04-01 $187,450 (20.9%) $250,223 (14.9%) 0.00 529
2018-05-01 $199,900 (25.4%) $261,049 (17.7%) 0.00 495
2018-06-01 $199,900 (19.4%) $267,214 (15.9%) 0.00 506
2018-07-01 $197,400 (16.2%) $262,163 (12.3%) 0.00 558
2018-08-01 $179,950 (1.7%) $253,906 (6.3%) 0.00 604
2018-09-01 $174,900 (-1.7%) $262,565 (9.0%) 0.00 577
2018-10-01 $169,950 (-5.5%) $252,859 (2.6%) 0.00 611
2018-11-01 $173,950 (-5.7%) $254,712 (5.3%) 0.00 617
2018-12-01 $170,000 (-8.1%) $255,459 (5.3%) 0.00 596
2019-01-01 $167,500 (-12.8%) $259,631 (6.3%) 0.00 538
2019-02-01 $172,400 (-0.9%) $272,421 (19.0%) 0.00 540
2019-03-01 $182,157 (1.3%) $279,452 (20.0%) 0.00 517
2019-04-01 $179,707 (-4.1%) $278,884 (11.5%) 0.00 544
2019-05-01 $194,400 (-2.8%) $286,704 (9.8%) 0.00 563
2019-06-01 $199,900 (0.0%) $278,533 (4.2%) 0.00 590
2019-07-01 $202,200 (2.4%) $276,773 (5.6%) 0.00 617
2019-08-01 $208,143 (15.7%) $273,855 (7.9%) 0.00 613
2019-09-01 $200,593 (14.7%) $267,866 (2.0%) 0.00 607
2019-10-01 $219,750 (29.3%) $283,031 (11.9%) 0.00 566
2019-11-01 $222,000 (27.6%) $287,033 (12.7%) 0.00 517
2019-12-01 $219,450 (29.1%) $284,709 (11.5%) 0.00 511
2020-01-01 $219,900 (31.3%) $279,794 (7.8%) 0.00 452
2020-02-01 $234,500 (36.0%) $287,726 (5.6%) 0.00 450
2020-03-01 $229,900 (26.2%) $276,473 (-1.1%) 0.00 440
2020-04-01 $217,450 (21.0%) $282,554 (1.3%) 0.00 439
2020-05-01 $239,500 (23.2%) $298,243 (4.0%) 0.00 413
2020-06-01 $239,900 (20.0%) $304,691 (9.4%) 0.00 375
2020-07-01 $242,200 (19.8%) $316,065 (14.2%) 0.00 344
2020-08-01 $249,900 (20.1%) $341,672 (24.8%) 0.00 314
2020-09-01 $235,750 (17.5%) $308,358 (15.1%) 0.00 328
2020-10-01 $219,900 (0.1%) $282,117 (-0.3%) 0.00 335
2020-11-01 $214,750 (-3.3%) $282,752 (-1.5%) 0.00 310
2020-12-01 $222,400 (1.3%) $279,836 (-1.7%) 0.00 283
2021-01-01 $225,000 (2.3%) $301,004 (7.6%) 0.00 235
2021-02-01 $229,900 (-2.0%) $314,730 (9.4%) 0.00 219
2021-03-01 $246,750 (7.3%) $323,188 (16.9%) 0.00 193
2021-04-01 $239,700 (10.2%) $312,213 (10.5%) 0.00 173
2021-05-01 $243,500 (1.7%) $327,680 (9.9%) 0.00 178
2021-06-01 $239,450 (-0.2%) $329,591 (8.2%) 0.00 230
2021-07-01 $239,450 (-1.1%) $324,857 (2.8%) 0.00 254
2021-08-01 $217,400 (-13.0%) $307,793 (-9.9%) 0.00 271
2021-09-01 $207,000 (-12.2%) $308,373 (0.0%) 0.00 243
2021-10-01 $208,000 (-5.4%) $308,731 (9.4%) 0.00 243
2021-11-01 $207,500 (-3.4%) $321,192 (13.6%) 0.00 224
2021-12-01 $229,900 (3.4%) $328,058 (17.2%) 0.00 199
2022-01-01 $240,000 (6.7%) $357,224 (18.7%) 0.00 158
2022-02-01 $244,950 (6.6%) $364,879 (15.9%) 0.00 160
2022-03-01 $239,900 (-2.8%) $354,026 (9.5%) 0.00 196
2022-04-01 $259,000 (8.1%) $348,170 (11.5%) 0.00 203
Rome's median listing price for 2022-04-01 was $259,000, a difference of $19,300 (8.1%) versus the prior year and $19,100 versus the prior month.

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

Rome's average listing price for 2022-04-01 was $348,170, a difference of $35,957 (11.5%) versus the prior year and $-5,856 versus the prior month.

For the 2022-04-01 period, Rome had 203 MLS listings, a difference of 7 listings (4%) versus the prior month and 30 listings (17%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Rome (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,090 sqft
2018-02-01 0 days 2,000 sqft
2018-03-01 0 days 1,992 sqft
2018-04-01 0 days 2,026 sqft
2018-05-01 0 days 2,033 sqft
2018-06-01 0 days 2,101 sqft
2018-07-01 0 days 2,051 sqft
2018-08-01 0 days 1,958 sqft
2018-09-01 0 days 1,931 sqft
2018-10-01 0 days 1,924 sqft
2018-11-01 0 days 1,904 sqft
2018-12-01 0 days 1,901 sqft
2019-01-01 0 days 1,903 sqft
2019-02-01 0 days 1,872 sqft
2019-03-01 0 days 1,942 sqft
2019-04-01 0 days 2,003 sqft
2019-05-01 0 days 2,032 sqft
2019-06-01 0 days 2,144 sqft
2019-07-01 0 days 2,109 sqft
2019-08-01 0 days 2,033 sqft
2019-09-01 0 days 1,950 sqft
2019-10-01 0 days 1,980 sqft
2019-11-01 0 days 2,015 sqft
2019-12-01 0 days 2,015 sqft
2020-01-01 0 days 2,021 sqft
2020-02-01 0 days 2,038 sqft
2020-03-01 0 days 2,000 sqft
2020-04-01 0 days 1,976 sqft
2020-05-01 0 days 2,175 sqft
2020-06-01 0 days 2,219 sqft
2020-07-01 0 days 2,255 sqft
2020-08-01 0 days 2,297 sqft
2020-09-01 0 days 2,087 sqft
2020-10-01 0 days 1,844 sqft
2020-11-01 0 days 1,873 sqft
2020-12-01 0 days 1,712 sqft
2021-01-01 0 days 1,631 sqft
2021-02-01 0 days 1,721 sqft
2021-03-01 0 days 1,943 sqft
2021-04-01 0 days 1,870 sqft
2021-05-01 0 days 1,921 sqft
2021-06-01 0 days 1,712 sqft
2021-07-01 0 days 1,737 sqft
2021-08-01 0 days 1,686 sqft
2021-09-01 0 days 1,671 sqft
2021-10-01 0 days 1,670 sqft
2021-11-01 0 days 1,633 sqft
2021-12-01 0 days 1,705 sqft
2022-01-01 0 days 1,570 sqft
2022-02-01 0 days 1,700 sqft
2022-03-01 0 days 1,626 sqft
2022-04-01 0 days 1,742 sqft
Rome's median listing age (time on market) for 2022-04-01 was 0 days.

Rome's median square footage for active listings during the 2022-04-01 period was 1,742 sqft. One year prior, the average listing was 1,870 sqft.