Savannah USDA Loan Rates, Closing Costs & Stats

SAVANNAH, 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.

    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 6.6% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

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

    The average rate for the prior week (2025-03-28) was 6.46% and one month ago for the week of 2025-02-28, the average rate was 6.71%.

    The average rate one year ago was 6.86%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.76%.

    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 .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Savannah (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 $266,650 (6.9%) $384,285 (12.1%) 0.99 2,367
    2018-02-01 $274,623 (6.7%) $387,796 (9.6%) 1.00 2,425
    2018-03-01 $279,000 (6.3%) $388,826 (7.6%) 0.98 2,526
    2018-04-01 $279,561 (5.5%) $388,248 (5.9%) 0.95 2,542
    2018-05-01 $279,900 (5.6%) $388,548 (6.0%) 0.93 2,563
    2018-06-01 $279,000 (4.3%) $381,338 (2.9%) 0.93 2,591
    2018-07-01 $279,900 (5.2%) $384,867 (3.2%) 0.93 2,529
    2018-08-01 $275,071 (4.6%) $382,995 (4.0%) 0.92 2,467
    2018-09-01 $279,250 (5.4%) $389,745 (5.5%) 0.94 2,417
    2018-10-01 $279,500 (7.3%) $393,779 (6.1%) 0.95 2,445
    2018-11-01 $278,975 (5.3%) $392,039 (4.1%) 0.95 2,542
    2018-12-01 $278,000 (4.9%) $395,523 (4.3%) 0.96 2,500
    2019-01-01 $278,200 (4.3%) $402,217 (4.7%) 0.96 2,427
    2019-02-01 $283,555 (3.3%) $410,377 (5.8%) 0.96 2,412
    2019-03-01 $288,186 (3.3%) $417,281 (7.3%) 0.94 2,434
    2019-04-01 $291,423 (4.2%) $419,903 (8.2%) 0.93 2,487
    2019-05-01 $289,950 (3.6%) $419,564 (8.0%) 0.91 2,484
    2019-06-01 $290,000 (3.9%) $421,639 (10.6%) 0.91 2,443
    2019-07-01 $290,363 (3.7%) $418,300 (8.7%) 0.91 2,438
    2019-08-01 $291,845 (6.1%) $416,150 (8.7%) 0.92 2,437
    2019-09-01 $293,564 (5.1%) $414,237 (6.3%) 0.94 2,449
    2019-10-01 $294,709 (5.4%) $412,962 (4.9%) 0.95 2,446
    2019-11-01 $294,000 (5.4%) $414,040 (5.6%) 0.96 2,356
    2019-12-01 $295,600 (6.3%) $422,490 (6.8%) 0.99 2,328
    2020-01-01 $297,445 (6.9%) $424,131 (5.5%) 0.99 2,195
    2020-02-01 $299,900 (5.8%) $430,805 (5.0%) 0.98 2,211
    2020-03-01 $304,888 (5.8%) $435,587 (4.4%) 0.96 2,182
    2020-04-01 $300,367 (3.1%) $430,237 (2.5%) 0.94 2,215
    2020-05-01 $309,000 (6.6%) $437,326 (4.2%) 0.94 2,120
    2020-06-01 $318,564 (9.9%) $445,897 (5.8%) 0.94 1,966
    2020-07-01 $322,350 (11.0%) $451,189 (7.9%) 0.93 1,850
    2020-08-01 $322,990 (10.7%) $457,713 (10.0%) 0.93 1,704
    2020-09-01 $325,000 (10.7%) $472,791 (14.1%) 0.93 1,618
    2020-10-01 $319,000 (8.2%) $469,196 (13.6%) 0.91 1,564
    2020-11-01 $304,360 (3.5%) $455,906 (10.1%) 0.89 1,537
    2020-12-01 $300,000 (1.5%) $452,665 (7.1%) 0.89 1,414
    2021-01-01 $305,000 (2.5%) $464,487 (9.5%) 0.91 1,204
    2021-02-01 $306,788 (2.3%) $482,200 (11.9%) 0.89 1,009
    2021-03-01 $312,060 (2.4%) $500,798 (15.0%) 0.89 832
    2021-04-01 $319,725 (6.4%) $496,215 (15.3%) 0.87 759
    2021-05-01 $321,308 (4.0%) $516,510 (18.1%) 0.85 737
    2021-06-01 $322,484 (1.2%) $526,045 (18.0%) 0.85 726
    2021-07-01 $329,000 (2.1%) $523,504 (16.0%) 0.87 791
    2021-08-01 $329,500 (2.0%) $526,566 (15.0%) 0.88 776
    2021-09-01 $329,248 (1.3%) $537,634 (13.7%) 0.88 768
    2021-10-01 $339,857 (6.5%) $546,272 (16.4%) 0.91 733
    2021-11-01 $339,102 (11.4%) $543,500 (19.2%) 0.91 654
    2021-12-01 $349,450 (16.5%) $560,952 (23.9%) 0.95 602
    2022-01-01 $349,610 (14.6%) $577,187 (24.3%) 0.95 494
    2022-02-01 $372,080 (21.3%) $616,999 (28.0%) 0.97 422
    2022-03-01 $383,128 (22.8%) $629,561 (25.7%) 0.96 436
    2022-04-01 $395,000 (23.5%) $640,365 (29.1%) 0.94 453
    2022-05-01 $394,725 (22.9%) $609,964 (18.1%) 0.90 603
    2022-06-01 $399,900 (24.0%) $608,139 (15.6%) 0.89 694
    2022-07-01 $404,842 (23.1%) $611,510 (16.8%) 0.91 832
    2022-08-01 $399,000 (21.1%) $589,938 (12.0%) 0.92 939
    2022-09-01 $399,900 (21.5%) $601,566 (11.9%) 0.93 952
    2022-10-01 $400,000 (17.7%) $606,646 (11.1%) 0.94 1,004
    2022-11-01 $399,701 (17.9%) $594,487 (9.4%) 0.96 1,046
    2022-12-01 $399,900 (14.4%) $595,112 (6.1%) 0.99 1,006
    2023-01-01 $399,495 (14.3%) $594,455 (3.0%) 0.99 900
    2023-02-01 $399,048 (7.3%) $612,638 (-0.7%) 0.96 757
    2023-03-01 $409,257 (6.8%) $625,888 (-0.6%) 0.97 757
    2023-04-01 $428,048 (8.4%) $665,390 (3.9%) 1.00 693
    2023-05-01 $432,975 (9.7%) $679,370 (11.4%) 0.98 738
    2023-06-01 $432,450 (8.1%) $856,648 (40.9%) 0.97 792
    2023-07-01 $425,000 (5.0%) $850,067 (39.0%) 0.97 797
    2023-08-01 $425,998 (6.8%) $840,921 (42.5%) 0.98 824
    2023-09-01 $429,941 (7.5%) $834,273 (38.7%) 1.00 879
    2023-10-01 $426,604 (6.7%) $819,183 (35.0%) 1.00 998
    2023-11-01 $417,250 (4.4%) $810,060 (36.3%) 0.99 1,054
    2023-12-01 $423,115 (5.8%) $797,093 (33.9%) 1.03 1,025
    2024-01-01 $420,500 (5.3%) $828,422 (39.4%) 1.03 937
    2024-02-01 $430,495 (7.9%) $872,123 (42.4%) 1.04 919
    2024-03-01 $439,900 (7.5%) $887,535 (41.8%) 1.04 938
    2024-04-01 $429,900 (0.4%) $859,139 (29.1%) 1.00 1,082
    2024-05-01 $440,175 (1.7%) $850,577 (25.2%) 1.00 1,123
    2024-06-01 $438,081 (1.3%) $798,429 (-6.8%) 1.00 1,280
    2024-07-01 $430,500 (1.3%) $788,645 (-7.2%) 0.98 1,418
    2024-08-01 $425,000 (-0.2%) $776,341 (-7.7%) 0.99 1,469
    2024-09-01 $432,450 (0.6%) $758,604 (-9.1%) 1.02 1,522
    2024-10-01 $435,233 (2.0%) $766,402 (-6.4%) 1.02 1,562
    2024-11-01 $426,558 (2.2%) $759,259 (-6.3%) 1.02 1,648
    2024-12-01 $423,906 (0.2%) $721,501 (-9.5%) 1.05 1,640
    2025-01-01 $421,450 (0.2%) $645,727 (-22.1%) 1.05 1,552
    2025-02-01 $425,000 (-1.3%) $649,546 (-25.5%) 1.03 1,587
    2025-03-01 $430,000 (-2.3%) $654,674 (-26.2%) 0.00 1,748
    Savannah's median listing price for 2025-03-01 was $430,000, a difference of $-9,900 (-2.3%) versus the prior year and $5,000 versus the prior month.

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

    Savannah's average listing price for 2025-03-01 was $654,674, a difference of $-232,861 (-26.2%) versus the prior year and $5,128 versus the prior month.

    For the 2025-03-01 period, Savannah had 1,748 MLS listings, a difference of 161 listings (10%) versus the prior month and 810 listings (86%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Savannah (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 92 days 2,173 sqft
    2018-02-01 83 days 2,200 sqft
    2018-03-01 61 days 2,248 sqft
    2018-04-01 64 days 2,264 sqft
    2018-05-01 66 days 2,239 sqft
    2018-06-01 68 days 2,224 sqft
    2018-07-01 72 days 2,228 sqft
    2018-08-01 77 days 2,192 sqft
    2018-09-01 79 days 2,209 sqft
    2018-10-01 77 days 2,200 sqft
    2018-11-01 75 days 2,201 sqft
    2018-12-01 81 days 2,202 sqft
    2019-01-01 89 days 2,200 sqft
    2019-02-01 92 days 2,211 sqft
    2019-03-01 78 days 2,238 sqft
    2019-04-01 65 days 2,262 sqft
    2019-05-01 64 days 2,279 sqft
    2019-06-01 67 days 2,294 sqft
    2019-07-01 71 days 2,293 sqft
    2019-08-01 73 days 2,289 sqft
    2019-09-01 76 days 2,289 sqft
    2019-10-01 78 days 2,286 sqft
    2019-11-01 84 days 2,273 sqft
    2019-12-01 88 days 2,245 sqft
    2020-01-01 95 days 2,247 sqft
    2020-02-01 87 days 2,253 sqft
    2020-03-01 69 days 2,296 sqft
    2020-04-01 74 days 2,290 sqft
    2020-05-01 78 days 2,300 sqft
    2020-06-01 80 days 2,295 sqft
    2020-07-01 71 days 2,345 sqft
    2020-08-01 64 days 2,312 sqft
    2020-09-01 65 days 2,270 sqft
    2020-10-01 65 days 2,203 sqft
    2020-11-01 64 days 2,147 sqft
    2020-12-01 69 days 2,104 sqft
    2021-01-01 75 days 2,097 sqft
    2021-02-01 57 days 2,056 sqft
    2021-03-01 45 days 2,036 sqft
    2021-04-01 41 days 2,055 sqft
    2021-05-01 33 days 2,103 sqft
    2021-06-01 38 days 2,041 sqft
    2021-07-01 36 days 2,094 sqft
    2021-08-01 40 days 2,007 sqft
    2021-09-01 44 days 2,017 sqft
    2021-10-01 50 days 2,047 sqft
    2021-11-01 53 days 2,046 sqft
    2021-12-01 56 days 2,064 sqft
    2022-01-01 60 days 2,046 sqft
    2022-02-01 30 days 2,081 sqft
    2022-03-01 26 days 2,112 sqft
    2022-04-01 26 days 2,160 sqft
    2022-05-01 19 days 2,129 sqft
    2022-06-01 25 days 2,217 sqft
    2022-07-01 30 days 2,161 sqft
    2022-08-01 37 days 2,161 sqft
    2022-09-01 44 days 2,151 sqft
    2022-10-01 48 days 2,126 sqft
    2022-11-01 50 days 2,156 sqft
    2022-12-01 58 days 2,126 sqft
    2023-01-01 68 days 2,132 sqft
    2023-02-01 63 days 2,114 sqft
    2023-03-01 45 days 2,184 sqft
    2023-04-01 41 days 2,244 sqft
    2023-05-01 32 days 2,236 sqft
    2023-06-01 33 days 2,200 sqft
    2023-07-01 39 days 2,161 sqft
    2023-08-01 40 days 2,087 sqft
    2023-09-01 42 days 2,081 sqft
    2023-10-01 44 days 2,092 sqft
    2023-11-01 49 days 2,042 sqft
    2023-12-01 55 days 2,008 sqft
    2024-01-01 60 days 1,977 sqft
    2024-02-01 49 days 2,021 sqft
    2024-03-01 43 days 2,060 sqft
    2024-04-01 40 days 2,027 sqft
    2024-05-01 40 days 2,093 sqft
    2024-06-01 43 days 2,080 sqft
    2024-07-01 48 days 2,023 sqft
    2024-08-01 52 days 2,007 sqft
    2024-09-01 58 days 2,041 sqft
    2024-10-01 60 days 2,039 sqft
    2024-11-01 64 days 1,983 sqft
    2024-12-01 66 days 1,970 sqft
    2025-01-01 73 days 1,970 sqft
    2025-02-01 66 days 1,959 sqft
    2025-03-01 0 days 1,980 sqft
    Savannah's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Savannah's median square footage for active listings during the 2025-03-01 period was 1,980 sqft. One year prior, the average listing was 2,060 sqft.