Rome USDA Loan Rates, Closing Costs & Stats

ROME, GA

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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.

    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 6.95% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Rome's average USDA mortgage closing costs are $4,809.

    The average rate for the prior week (2024-04-12) was 6.8% and one month ago for the week of 2024-03-15, the average rate was 6.48%.

    The average rate one year ago was 6.32%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.05%.

    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/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. Louis
    Date 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
    Rome's median listing price for 2024-03-01 was $274,950, a difference of $13,720 (5.3%) versus the prior year and $6,200 versus the prior month.

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

    Rome's average listing price for 2024-03-01 was $328,975, a difference of $-9,368 (-2.8%) versus the prior year and $-2,963 versus the prior month.

    For the 2024-03-01 period, Rome had 226 MLS listings, a difference of 5 listings (2%) versus the prior month and 43 listings (23%) 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 2,002 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 1,650 sqft
    Rome's median listing age (time on market) for 2024-03-01 was 0 days.

    Rome's median square footage for active listings during the 2024-03-01 period was 1,650 sqft. One year prior, the average listing was 1,701 sqft.