Scottsboro USDA Loan Rates, Closing Costs & Stats

Scottsboro, AL

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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.

    Scottsboro's 12 lenders originated 28 USDA loans during 2023. The total origination value was $4,320,000, with an average USDA loan value of $154,286.

    Scottsboro USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Scottsboro averaged -0.06% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Scottsboro's average USDA mortgage closing costs are $4,641.

    The average rate for the prior week (2024-11-08) was 6.4% and one month ago for the week of 2024-10-11, the average rate was 6.06%.

    The average rate one year ago was 7.49%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

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

    Scottsboro 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 Scottsboro level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.52% $6,104
    GUARANTEED RATE, INC. 5 6.73% $7,060
    Victorian Finance, LLC 3 6.88% $5,306
    Renasant Bank 3 6.71% $6,839
    GMFS LLC 2 6.69% $3,793
    UNION HOME MORTGAGE CORP. 2 6.81% $5,493
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $6,393
    CMG MORTGAGE, INC. 1 6.75% $6,278
    Century Mortgage Company DBA Century Lending Company 1 7.13% $5,442
    BancorpSouth 1 6.63% $3,777
    UNITED WHOLESALE MORTGAGE, LLC 1 7.46% $8,154
    FirstBank 1 6.13% $5,685

    The top Scottsboro USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 7 USDA loans originated. Their average total fees are $6,104, which is $956 lower than the next largest lender, GUARANTEED RATE, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Scottsboro (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 $169,450 (-1.2%) $227,726 (-2.4%) 0.00 193
    2018-02-01 $168,925 (-6.1%) $234,598 (0.4%) 0.00 190
    2018-03-01 $172,400 (-9.1%) $256,181 (7.0%) 0.00 185
    2018-04-01 $179,000 (-8.4%) $266,127 (8.4%) 0.00 191
    2018-05-01 $189,900 (-4.9%) $274,297 (12.1%) 0.00 183
    2018-06-01 $189,900 (0.0%) $280,582 (18.8%) 0.00 200
    2018-07-01 $189,150 (-0.4%) $267,302 (13.1%) 0.00 193
    2018-08-01 $182,250 (1.5%) $256,413 (10.6%) 0.00 193
    2018-09-01 $186,900 (6.8%) $259,511 (14.0%) 0.00 196
    2018-10-01 $182,900 (7.7%) $250,495 (11.4%) 0.00 202
    2018-11-01 $178,650 (5.2%) $251,269 (13.0%) 0.00 189
    2018-12-01 $169,000 (-0.5%) $247,609 (8.4%) 0.00 174
    2019-01-01 $169,000 (-0.3%) $248,061 (8.9%) 0.00 168
    2019-02-01 $167,000 (-1.1%) $257,613 (9.8%) 0.00 167
    2019-03-01 $167,100 (-3.1%) $266,600 (4.1%) 0.00 158
    2019-04-01 $169,900 (-5.1%) $274,375 (3.1%) 0.00 161
    2019-05-01 $174,425 (-8.2%) $276,266 (0.7%) 0.00 163
    2019-06-01 $179,900 (-5.3%) $279,765 (-0.3%) 0.00 170
    2019-07-01 $179,900 (-4.9%) $282,641 (5.7%) 0.00 166
    2019-08-01 $185,777 (1.9%) $286,084 (11.6%) 0.00 153
    2019-09-01 $194,593 (4.1%) $289,500 (11.6%) 0.00 158
    2019-10-01 $205,675 (12.5%) $295,227 (17.9%) 0.00 160
    2019-11-01 $199,900 (11.9%) $298,686 (18.9%) 0.00 159
    2019-12-01 $189,900 (12.4%) $299,242 (20.9%) 0.00 152
    2020-01-01 $183,600 (8.6%) $304,503 (22.8%) 0.00 145
    2020-02-01 $188,450 (12.8%) $298,548 (15.9%) 0.00 133
    2020-03-01 $194,675 (16.5%) $308,559 (15.7%) 0.00 131
    2020-04-01 $204,900 (20.6%) $310,918 (13.3%) 0.00 120
    2020-05-01 $224,900 (28.9%) $320,141 (15.9%) 0.00 110
    2020-06-01 $224,950 (25.0%) $318,711 (13.9%) 0.00 101
    2020-07-01 $222,450 (23.7%) $327,254 (15.8%) 0.00 102
    2020-08-01 $275,500 (48.3%) $370,799 (29.6%) 0.00 88
    2020-09-01 $247,675 (27.3%) $348,674 (20.4%) 0.00 85
    2020-10-01 $239,900 (16.6%) $338,804 (14.8%) 0.00 86
    2020-11-01 $239,900 (20.0%) $347,896 (16.5%) 0.00 82
    2020-12-01 $201,375 (6.0%) $327,660 (9.5%) 0.00 80
    2021-01-01 $209,000 (13.8%) $317,031 (4.1%) 0.00 71
    2021-02-01 $209,925 (11.4%) $337,926 (13.2%) 0.00 62
    2021-03-01 $209,900 (7.8%) $312,938 (1.4%) 0.00 59
    2021-04-01 $199,900 (-2.4%) $315,378 (1.4%) 0.00 51
    2021-05-01 $194,450 (-13.5%) $334,448 (4.5%) 0.00 51
    2021-06-01 $202,500 (-10.0%) $327,366 (2.7%) 0.00 67
    2021-07-01 $279,900 (25.8%) $371,952 (13.7%) 0.00 71
    2021-08-01 $299,000 (8.5%) $372,534 (0.5%) 0.00 73
    2021-09-01 $255,175 (3.0%) $345,791 (-0.8%) 0.00 76
    2021-10-01 $234,000 (-2.5%) $378,837 (11.8%) 0.00 82
    2021-11-01 $262,900 (9.6%) $459,586 (32.1%) 0.00 76
    2021-12-01 $254,925 (26.6%) $451,069 (37.7%) 0.00 81
    2022-01-01 $271,700 (30.0%) $496,097 (56.5%) 0.00 58
    2022-02-01 $284,900 (35.7%) $542,622 (60.6%) 0.00 58
    2022-03-01 $339,450 (61.7%) $593,785 (89.8%) 0.00 58
    2022-04-01 $289,250 (44.7%) $534,874 (69.6%) 0.00 56
    2022-05-01 $282,000 (45.0%) $409,656 (22.5%) 0.00 62
    2022-06-01 $272,725 (34.7%) $352,329 (7.6%) 0.00 80
    2022-07-01 $285,000 (1.8%) $380,650 (2.3%) 0.00 81
    2022-08-01 $257,450 (-13.9%) $373,717 (0.3%) 0.00 93
    2022-09-01 $272,450 (6.8%) $393,415 (13.8%) 0.00 100
    2022-10-01 $297,000 (26.9%) $414,678 (9.5%) 0.00 107
    2022-11-01 $272,900 (3.8%) $391,027 (-14.9%) 0.00 113
    2022-12-01 $266,750 (4.6%) $379,289 (-15.9%) 0.00 101
    2023-01-01 $272,000 (0.1%) $370,458 (-25.3%) 0.00 88
    2023-02-01 $289,900 (1.8%) $392,845 (-27.6%) 0.00 80
    2023-03-01 $279,500 (-17.7%) $395,158 (-33.5%) 0.00 80
    2023-04-01 $274,900 (-5.0%) $370,460 (-30.7%) 0.00 75
    2023-05-01 $273,500 (-3.0%) $385,851 (-5.8%) 0.00 74
    2023-06-01 $264,913 (-2.9%) $379,099 (7.6%) 0.00 77
    2023-07-01 $299,800 (5.2%) $422,823 (11.1%) 0.00 93
    2023-08-01 $276,725 (7.5%) $395,176 (5.7%) 0.00 103
    2023-09-01 $287,400 (5.5%) $401,562 (2.1%) 0.00 101
    2023-10-01 $289,500 (-2.5%) $398,898 (-3.8%) 0.00 105
    2023-11-01 $298,725 (9.5%) $387,960 (-0.8%) 0.00 104
    2023-12-01 $308,750 (15.8%) $403,467 (6.4%) 0.00 105
    2024-01-01 $299,000 (9.9%) $401,276 (8.3%) 0.00 92
    2024-02-01 $307,175 (6.0%) $394,061 (0.3%) 0.00 91
    2024-03-01 $299,200 (7.1%) $388,021 (-1.8%) 0.00 94
    2024-04-01 $299,675 (9.0%) $410,879 (10.9%) 0.00 102
    2024-05-01 $295,925 (8.2%) $422,341 (9.5%) 0.00 110
    2024-06-01 $296,950 (12.1%) $433,915 (14.5%) 0.00 112
    2024-07-01 $294,855 (-1.7%) $442,284 (4.6%) 0.00 120
    2024-08-01 $325,000 (17.5%) $473,891 (19.9%) 0.00 126
    2024-09-01 $318,750 (10.9%) $434,745 (8.3%) 0.00 122
    2024-10-01 $299,925 (3.6%) $431,687 (8.2%) 0.00 122
    Scottsboro's median listing price for 2024-10-01 was $299,925, a difference of $10,425 (3.6%) versus the prior year and $-18,825 versus the prior month.

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

    Scottsboro's average listing price for 2024-10-01 was $431,687, a difference of $32,789 (8.2%) versus the prior year and $-3,058 versus the prior month.

    For the 2024-10-01 period, Scottsboro had 122 MLS listings, a difference of 0 listings (0%) versus the prior month and 17 listings (16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Scottsboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,988 sqft
    2018-02-01 0 days 1,951 sqft
    2018-03-01 0 days 2,037 sqft
    2018-04-01 0 days 2,054 sqft
    2018-05-01 0 days 2,103 sqft
    2018-06-01 0 days 2,200 sqft
    2018-07-01 0 days 2,096 sqft
    2018-08-01 0 days 2,065 sqft
    2018-09-01 0 days 2,091 sqft
    2018-10-01 0 days 2,025 sqft
    2018-11-01 0 days 2,059 sqft
    2018-12-01 0 days 2,000 sqft
    2019-01-01 0 days 1,991 sqft
    2019-02-01 0 days 1,943 sqft
    2019-03-01 0 days 1,958 sqft
    2019-04-01 0 days 1,995 sqft
    2019-05-01 0 days 1,975 sqft
    2019-06-01 0 days 1,966 sqft
    2019-07-01 0 days 1,931 sqft
    2019-08-01 0 days 2,007 sqft
    2019-09-01 0 days 2,104 sqft
    2019-10-01 0 days 2,185 sqft
    2019-11-01 0 days 2,100 sqft
    2019-12-01 0 days 2,059 sqft
    2020-01-01 0 days 2,050 sqft
    2020-02-01 0 days 2,077 sqft
    2020-03-01 0 days 2,087 sqft
    2020-04-01 0 days 2,093 sqft
    2020-05-01 0 days 2,126 sqft
    2020-06-01 0 days 2,094 sqft
    2020-07-01 0 days 2,100 sqft
    2020-08-01 0 days 2,203 sqft
    2020-09-01 0 days 2,214 sqft
    2020-10-01 0 days 2,214 sqft
    2020-11-01 0 days 2,232 sqft
    2020-12-01 0 days 2,100 sqft
    2021-01-01 0 days 1,940 sqft
    2021-02-01 0 days 2,098 sqft
    2021-03-01 0 days 2,058 sqft
    2021-04-01 0 days 2,100 sqft
    2021-05-01 0 days 2,096 sqft
    2021-06-01 0 days 2,000 sqft
    2021-07-01 0 days 2,016 sqft
    2021-08-01 0 days 2,212 sqft
    2021-09-01 0 days 2,035 sqft
    2021-10-01 0 days 2,045 sqft
    2021-11-01 0 days 2,187 sqft
    2021-12-01 0 days 2,142 sqft
    2022-01-01 0 days 2,200 sqft
    2022-02-01 0 days 2,225 sqft
    2022-03-01 0 days 2,175 sqft
    2022-04-01 0 days 2,029 sqft
    2022-05-01 0 days 2,146 sqft
    2022-06-01 0 days 2,050 sqft
    2022-07-01 0 days 2,117 sqft
    2022-08-01 0 days 2,107 sqft
    2022-09-01 0 days 2,076 sqft
    2022-10-01 0 days 2,163 sqft
    2022-11-01 0 days 2,052 sqft
    2022-12-01 0 days 1,920 sqft
    2023-01-01 0 days 2,051 sqft
    2023-02-01 0 days 2,093 sqft
    2023-03-01 0 days 2,053 sqft
    2023-04-01 0 days 2,016 sqft
    2023-05-01 0 days 2,071 sqft
    2023-06-01 0 days 2,074 sqft
    2023-07-01 0 days 2,095 sqft
    2023-08-01 0 days 1,956 sqft
    2023-09-01 0 days 1,934 sqft
    2023-10-01 0 days 1,904 sqft
    2023-11-01 0 days 1,907 sqft
    2023-12-01 0 days 2,010 sqft
    2024-01-01 0 days 1,980 sqft
    2024-02-01 0 days 2,050 sqft
    2024-03-01 0 days 1,991 sqft
    2024-04-01 0 days 1,950 sqft
    2024-05-01 0 days 2,023 sqft
    2024-06-01 0 days 2,088 sqft
    2024-07-01 0 days 2,208 sqft
    2024-08-01 0 days 2,250 sqft
    2024-09-01 0 days 2,186 sqft
    2024-10-01 0 days 2,091 sqft
    Scottsboro's median listing age (time on market) for 2024-10-01 was 0 days.

    Scottsboro's median square footage for active listings during the 2024-10-01 period was 2,091 sqft. One year prior, the average listing was 1,904 sqft.