Statesboro USDA Loan Rates, Closing Costs & Stats
Statesboro, 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.
Statesboro's 10 lenders originated 16 USDA loans during 2023. The total origination value was $3,630,000, with an average USDA loan value of $226,875.
Statesboro USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Statesboro
averaged
6.97%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Statesboro's average USDA mortgage closing costs are $4,976.
The average rate for the prior week (2024-04-12) was
6.82% and
one month ago for the week of 2024-03-15, the
average rate was 6.6%.
The average rate one year ago was 6.24%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
Statesboro 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 Statesboro level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Renasant Bank | 3 | 6.13% | $7,561 |
| BANKSOUTH MORTGAGE COMPANY, LLC | 2 | 6.56% | $10,130 |
| CRESCENT MORTGAGE COMPANY | 2 | 6.69% | $8,765 |
| Ameris Bank | 2 | 6.50% | $5,949 |
| HOMESTAR FINANCIAL CORPORATION | 2 | 6.56% | $4,990 |
| MOVEMENT MORTGAGE, LLC | 1 | 5.63% | $13,479 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.00% | $9,168 |
| CARDINAL FINANCIAL | 1 | 7.75% | $4,036 |
| Century Mortgage Company DBA Century Lending Company | 1 | 7.25% | $7,563 |
| Colony Bank | 1 | 6.63% | $6,583 |
The top Statesboro USDA lender as defined by loan originations is Renasant Bank, with
3 USDA loans originated. Their average total fees are
$7,561, which is $2,569
lower than the next largest lender,
BANKSOUTH MORTGAGE COMPANY, LLC.
The lowest fee Statesboro USDA lenders (with over 10 loans originated) are
.
The lowest rate Statesboro USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Statesboro (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 | $159,450 (-0.1%) | $192,816 (0.2%) | 0.00 | 366 |
| 2018-02-01 | $154,100 (-3.1%) | $185,185 (-2.8%) | 0.00 | 384 |
| 2018-03-01 | $159,900 (0.0%) | $193,035 (0.0%) | 0.00 | 403 |
| 2018-04-01 | $159,900 (0.0%) | $193,622 (-1.0%) | 0.00 | 413 |
| 2018-05-01 | $154,900 (-3.1%) | $193,544 (-1.3%) | 0.00 | 406 |
| 2018-06-01 | $160,000 (0.1%) | $202,678 (6.7%) | 0.00 | 388 |
| 2018-07-01 | $160,250 (-0.8%) | $210,411 (9.0%) | 0.00 | 359 |
| 2018-08-01 | $164,800 (-2.3%) | $212,664 (8.4%) | 0.00 | 356 |
| 2018-09-01 | $160,000 (-3.0%) | $209,070 (3.4%) | 0.00 | 347 |
| 2018-10-01 | $159,925 (0.2%) | $206,955 (3.9%) | 0.00 | 358 |
| 2018-11-01 | $168,925 (5.6%) | $208,960 (7.8%) | 0.00 | 344 |
| 2018-12-01 | $169,900 (7.7%) | $202,349 (5.9%) | 0.00 | 336 |
| 2019-01-01 | $169,900 (6.6%) | $202,908 (5.2%) | 0.00 | 319 |
| 2019-02-01 | $171,200 (11.1%) | $206,455 (11.5%) | 0.00 | 312 |
| 2019-03-01 | $171,786 (7.4%) | $206,955 (7.2%) | 0.00 | 314 |
| 2019-04-01 | $175,050 (9.5%) | $214,035 (10.5%) | 0.00 | 319 |
| 2019-05-01 | $177,350 (14.5%) | $223,130 (15.3%) | 0.00 | 303 |
| 2019-06-01 | $179,550 (12.2%) | $230,214 (13.6%) | 0.00 | 292 |
| 2019-07-01 | $177,875 (11.0%) | $223,301 (6.1%) | 0.00 | 308 |
| 2019-08-01 | $174,291 (5.8%) | $222,236 (4.5%) | 0.00 | 290 |
| 2019-09-01 | $176,377 (10.2%) | $224,138 (7.2%) | 0.00 | 264 |
| 2019-10-01 | $181,450 (13.5%) | $227,799 (10.1%) | 0.00 | 239 |
| 2019-11-01 | $179,900 (6.5%) | $223,048 (6.7%) | 0.00 | 238 |
| 2019-12-01 | $183,075 (7.8%) | $220,448 (8.9%) | 0.00 | 248 |
| 2020-01-01 | $184,900 (8.8%) | $229,379 (13.1%) | 0.00 | 248 |
| 2020-02-01 | $183,800 (7.4%) | $227,584 (10.2%) | 0.00 | 262 |
| 2020-03-01 | $189,900 (10.5%) | $232,025 (12.1%) | 0.00 | 253 |
| 2020-04-01 | $192,900 (10.2%) | $233,036 (8.9%) | 0.00 | 270 |
| 2020-05-01 | $199,000 (12.2%) | $232,934 (4.4%) | 0.00 | 254 |
| 2020-06-01 | $199,900 (11.3%) | $244,193 (6.1%) | 0.00 | 225 |
| 2020-07-01 | $209,900 (18.0%) | $246,555 (10.4%) | 0.00 | 210 |
| 2020-08-01 | $208,000 (19.3%) | $250,708 (12.8%) | 0.00 | 197 |
| 2020-09-01 | $212,925 (20.7%) | $255,104 (13.8%) | 0.00 | 170 |
| 2020-10-01 | $201,520 (11.1%) | $244,618 (7.4%) | 0.00 | 160 |
| 2020-11-01 | $203,575 (13.2%) | $248,995 (11.6%) | 0.00 | 160 |
| 2020-12-01 | $191,200 (4.4%) | $243,987 (10.7%) | 0.00 | 151 |
| 2021-01-01 | $198,950 (7.6%) | $261,127 (13.8%) | 0.00 | 121 |
| 2021-02-01 | $215,381 (17.2%) | $277,898 (22.1%) | 0.00 | 105 |
| 2021-03-01 | $207,200 (9.1%) | $273,512 (17.9%) | 0.00 | 92 |
| 2021-04-01 | $235,300 (22.0%) | $298,374 (28.0%) | 0.00 | 85 |
| 2021-05-01 | $219,950 (10.5%) | $294,657 (26.5%) | 0.00 | 89 |
| 2021-06-01 | $222,450 (11.3%) | $282,620 (15.7%) | 0.00 | 83 |
| 2021-07-01 | $229,900 (9.5%) | $282,039 (14.4%) | 0.00 | 93 |
| 2021-08-01 | $251,650 (21.0%) | $298,176 (18.9%) | 0.00 | 98 |
| 2021-09-01 | $257,775 (21.1%) | $307,003 (20.3%) | 0.00 | 103 |
| 2021-10-01 | $267,000 (32.5%) | $317,673 (29.9%) | 0.00 | 92 |
| 2021-11-01 | $265,850 (30.6%) | $345,815 (38.9%) | 0.00 | 89 |
| 2021-12-01 | $275,500 (44.1%) | $337,973 (38.5%) | 0.00 | 88 |
| 2022-01-01 | $269,500 (35.5%) | $337,832 (29.4%) | 0.00 | 82 |
| 2022-02-01 | $264,500 (22.8%) | $336,672 (21.2%) | 0.00 | 74 |
| 2022-03-01 | $275,735 (33.1%) | $323,764 (18.4%) | 0.00 | 83 |
| 2022-04-01 | $290,000 (23.3%) | $333,365 (11.7%) | 0.00 | 98 |
| 2022-05-01 | $299,500 (36.2%) | $346,387 (17.6%) | 0.00 | 95 |
| 2022-06-01 | $293,745 (32.1%) | $335,678 (18.8%) | 0.00 | 104 |
| 2022-07-01 | $299,999 (30.5%) | $348,481 (23.6%) | 0.00 | 107 |
| 2022-08-01 | $318,994 (26.8%) | $376,547 (26.3%) | 0.00 | 105 |
| 2022-09-01 | $325,500 (26.3%) | $398,343 (29.8%) | 0.00 | 104 |
| 2022-10-01 | $339,000 (27.0%) | $396,944 (25.0%) | 0.00 | 124 |
| 2022-11-01 | $326,750 (22.9%) | $385,429 (11.5%) | 0.00 | 138 |
| 2022-12-01 | $339,900 (23.4%) | $399,342 (18.2%) | 0.00 | 126 |
| 2023-01-01 | $347,250 (28.9%) | $401,846 (19.0%) | 0.00 | 114 |
| 2023-02-01 | $351,975 (33.1%) | $428,281 (27.2%) | 0.00 | 97 |
| 2023-03-01 | $332,675 (20.7%) | $422,017 (30.4%) | 0.00 | 88 |
| 2023-04-01 | $319,900 (10.3%) | $409,650 (22.9%) | 0.00 | 85 |
| 2023-05-01 | $332,450 (11.0%) | $388,058 (12.0%) | 0.00 | 94 |
| 2023-06-01 | $338,250 (15.2%) | $398,300 (18.7%) | 0.00 | 88 |
| 2023-07-01 | $339,900 (13.3%) | $414,897 (19.1%) | 0.00 | 91 |
| 2023-08-01 | $336,175 (5.4%) | $396,675 (5.4%) | 0.00 | 98 |
| 2023-09-01 | $333,383 (2.4%) | $374,447 (-6.0%) | 0.00 | 108 |
| 2023-10-01 | $329,725 (-2.7%) | $371,372 (-6.4%) | 0.00 | 128 |
| 2023-11-01 | $322,800 (-1.2%) | $384,612 (-0.2%) | 0.00 | 154 |
| 2023-12-01 | $325,000 (-4.4%) | $399,184 (0.0%) | 0.00 | 150 |
| 2024-01-01 | $324,925 (-6.4%) | $398,269 (-0.9%) | 0.00 | 146 |
| 2024-02-01 | $319,700 (-9.2%) | $381,711 (-10.9%) | 0.00 | 136 |
| 2024-03-01 | $330,900 (-0.5%) | $396,235 (-6.1%) | 0.00 | 124 |
Statesboro's median listing price comes in at 0% of the national average.
Statesboro's average listing price for 2024-03-01 was $396,235, a difference of $-25,782 (-6.1%) versus the prior year and $14,524 versus the prior month.
For the 2024-03-01 period, Statesboro had 124 MLS listings, a difference of -12 listings (-9%) versus the prior month and 36 listings (41%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Statesboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,854 sqft |
| 2018-02-01 | 0 days | 1,810 sqft |
| 2018-03-01 | 0 days | 1,841 sqft |
| 2018-04-01 | 0 days | 1,853 sqft |
| 2018-05-01 | 0 days | 1,841 sqft |
| 2018-06-01 | 0 days | 1,845 sqft |
| 2018-07-01 | 0 days | 1,882 sqft |
| 2018-08-01 | 0 days | 1,877 sqft |
| 2018-09-01 | 0 days | 1,845 sqft |
| 2018-10-01 | 0 days | 1,850 sqft |
| 2018-11-01 | 0 days | 1,922 sqft |
| 2018-12-01 | 0 days | 1,922 sqft |
| 2019-01-01 | 0 days | 1,895 sqft |
| 2019-02-01 | 0 days | 1,904 sqft |
| 2019-03-01 | 0 days | 1,893 sqft |
| 2019-04-01 | 0 days | 1,923 sqft |
| 2019-05-01 | 0 days | 1,930 sqft |
| 2019-06-01 | 0 days | 1,966 sqft |
| 2019-07-01 | 0 days | 1,964 sqft |
| 2019-08-01 | 0 days | 1,946 sqft |
| 2019-09-01 | 0 days | 1,929 sqft |
| 2019-10-01 | 0 days | 1,921 sqft |
| 2019-11-01 | 0 days | 1,934 sqft |
| 2019-12-01 | 0 days | 1,956 sqft |
| 2020-01-01 | 0 days | 1,962 sqft |
| 2020-02-01 | 0 days | 1,965 sqft |
| 2020-03-01 | 0 days | 2,098 sqft |
| 2020-04-01 | 0 days | 2,150 sqft |
| 2020-05-01 | 0 days | 2,201 sqft |
| 2020-06-01 | 0 days | 2,219 sqft |
| 2020-07-01 | 0 days | 2,205 sqft |
| 2020-08-01 | 0 days | 2,185 sqft |
| 2020-09-01 | 0 days | 2,232 sqft |
| 2020-10-01 | 0 days | 2,008 sqft |
| 2020-11-01 | 0 days | 1,958 sqft |
| 2020-12-01 | 0 days | 1,944 sqft |
| 2021-01-01 | 0 days | 1,915 sqft |
| 2021-02-01 | 0 days | 1,959 sqft |
| 2021-03-01 | 0 days | 1,961 sqft |
| 2021-04-01 | 0 days | 2,055 sqft |
| 2021-05-01 | 0 days | 1,991 sqft |
| 2021-06-01 | 0 days | 1,986 sqft |
| 2021-07-01 | 0 days | 1,986 sqft |
| 2021-08-01 | 0 days | 2,042 sqft |
| 2021-09-01 | 0 days | 2,114 sqft |
| 2021-10-01 | 0 days | 2,068 sqft |
| 2021-11-01 | 0 days | 2,120 sqft |
| 2021-12-01 | 0 days | 2,089 sqft |
| 2022-01-01 | 0 days | 2,110 sqft |
| 2022-02-01 | 0 days | 2,046 sqft |
| 2022-03-01 | 0 days | 1,985 sqft |
| 2022-04-01 | 0 days | 2,016 sqft |
| 2022-05-01 | 0 days | 2,111 sqft |
| 2022-06-01 | 0 days | 2,041 sqft |
| 2022-07-01 | 0 days | 2,065 sqft |
| 2022-08-01 | 0 days | 2,127 sqft |
| 2022-09-01 | 0 days | 2,196 sqft |
| 2022-10-01 | 0 days | 2,282 sqft |
| 2022-11-01 | 0 days | 2,200 sqft |
| 2022-12-01 | 0 days | 2,363 sqft |
| 2023-01-01 | 0 days | 2,445 sqft |
| 2023-02-01 | 0 days | 2,433 sqft |
| 2023-03-01 | 0 days | 2,294 sqft |
| 2023-04-01 | 0 days | 2,040 sqft |
| 2023-05-01 | 0 days | 2,089 sqft |
| 2023-06-01 | 0 days | 2,063 sqft |
| 2023-07-01 | 0 days | 2,100 sqft |
| 2023-08-01 | 0 days | 2,048 sqft |
| 2023-09-01 | 0 days | 1,961 sqft |
| 2023-10-01 | 0 days | 1,913 sqft |
| 2023-11-01 | 0 days | 1,911 sqft |
| 2023-12-01 | 0 days | 1,890 sqft |
| 2024-01-01 | 0 days | 1,936 sqft |
| 2024-02-01 | 0 days | 1,891 sqft |
| 2024-03-01 | 0 days | 2,005 sqft |
Statesboro's median square footage for active listings during the 2024-03-01 period was 2,005 sqft. One year prior, the average listing was 2,294 sqft.