Savannah USDA Loan Rates, Closing Costs & Stats

SAVANNAH, 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.

Savannah's 17 lenders originated 20 USDA loans during 2024. The total origination value was $5,360,000, with an average USDA loan value of $268,000.

Savannah USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Savannah averaged 0.17% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Savannah's average USDA mortgage closing costs are $5,705.

The average rate for the prior week (2025-06-13) was 6.37% and one month ago for the week of 2025-05-16, the average rate was 6.34%.

The average rate one year ago was 6.76%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.26%.

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

Savannah 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 Savannah level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 2 6.00% $10,664
Flagstar Bank, FSB 2 6.19% $8,413
DHI MORTGAGE COMPANY, LTD. 1 5.50% $6,212
Equity Prime Mortgage LLC 1 6.25% $12,016
GUILD MORTGAGE COMPANY 1 6.13% $9,813
Magnolia Bank 1 6.49% $6,679
MEMBER FIRST MORTGAGE, LLC 1 6.50% $6,014
MORTGAGE INVESTORS GROUP, INC. 1 6.00% $10,620
Renasant Bank 1 5.88% $7,928
South State Bank 1 5.13% $15,649
SUMMIT FUNDING, INC. 1 7.25% $9,594
Towne Bank 1 5.88% $10,284
Truist 1 6.13% $7,686
Union Savings Bank 1 5.75% $12,308
AMERICAN FINANCIAL NETWORK, INC. 1 6.00% $11,908
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.13% $10,452
BANKSOUTH MORTGAGE COMPANY, LLC 1 5.50% $9,973

The top Savannah USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 2 USDA loans originated. Their average total fees are $10,664, which is $2,251 higher than the next largest lender, Flagstar Bank, FSB.

The lowest fee Savannah USDA lenders (with over 10 loans originated) are .

The lowest rate Savannah USDA lenders (with over 10 loans originated) are .