Summerville USDA Loan Rates, Closing Costs & Stats

Summerville, GA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Summerville's 13 lenders originated 20 USDA loans during 2023. The total origination value was $3,300,000, with an average USDA loan value of $165,000.

    Summerville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Summerville averaged 6.54% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Summerville's average USDA mortgage closing costs are $5,055.

    The average rate for the prior week (2025-02-07) was 6.7% and one month ago for the week of 2025-01-10, the average rate was 6.55%.

    The average rate one year ago was 6.84%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.33%.

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

    Summerville 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 Summerville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FirstBank 4 6.69% $7,699
    HOMESTAR FINANCIAL CORPORATION 3 6.54% $6,113
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.50% $7,602
    LEADERONE FINANCIAL CORPORATION 2 7.00% $6,529
    GUARANTEED RATE, INC. 1 6.25% $5,003
    Flagstar Bank, FSB 1 6.13% $8,337
    United Community Bank 1 6.50% $4,066
    Magnolia Bank 1 5.13% $10,591
    Mortgage Assurance Inc. 1 6.63% $5,950
    Mortgage Research Center, LLC 1 6.13% $2,569
    SUMMIT FUNDING, INC. 1 7.63% $7,566
    UNION HOME MORTGAGE CORP. 1 6.50% $10,732
    Goldwater Bank, N.A. 1 7.13% $9,126

    The top Summerville USDA lender as defined by loan originations is FirstBank, with 4 USDA loans originated. Their average total fees are $7,699, which is $1,586 higher than the next largest lender, HOMESTAR FINANCIAL CORPORATION.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Summerville (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 $99,575 (7.2%) $184,358 (-4.1%) 0.00 58
    2018-02-01 $103,750 (11.7%) $184,046 (-5.7%) 0.00 63
    2018-03-01 $100,000 (4.2%) $169,122 (-9.1%) 0.00 66
    2018-04-01 $97,500 (-6.7%) $159,013 (-15.5%) 0.00 73
    2018-05-01 $98,925 (1.5%) $149,302 (-16.1%) 0.00 71
    2018-06-01 $129,900 (36.1%) $173,514 (-1.3%) 0.00 69
    2018-07-01 $127,425 (26.2%) $173,560 (2.4%) 0.00 76
    2018-08-01 $128,325 (33.8%) $181,549 (8.9%) 0.00 74
    2018-09-01 $128,700 (18.1%) $195,487 (2.1%) 0.00 63
    2018-10-01 $117,425 (-7.1%) $176,939 (-10.2%) 0.00 69
    2018-11-01 $128,175 (1.4%) $206,288 (3.1%) 0.00 70
    2018-12-01 $130,000 (6.6%) $240,489 (23.9%) 0.00 65
    2019-01-01 $146,250 (46.9%) $238,597 (29.4%) 0.00 60
    2019-02-01 $149,475 (44.1%) $246,212 (33.8%) 0.00 61
    2019-03-01 $150,814 (50.8%) $241,801 (43.0%) 0.00 61
    2019-04-01 $142,789 (46.5%) $229,136 (44.1%) 0.00 62
    2019-05-01 $147,250 (48.9%) $229,731 (53.9%) 0.00 68
    2019-06-01 $136,450 (5.0%) $230,071 (32.6%) 0.00 68
    2019-07-01 $134,450 (5.5%) $227,598 (31.1%) 0.00 74
    2019-08-01 $131,527 (2.5%) $230,449 (26.9%) 0.00 73
    2019-09-01 $130,106 (1.1%) $240,376 (23.0%) 0.00 74
    2019-10-01 $129,383 (10.2%) $251,246 (42.0%) 0.00 73
    2019-11-01 $125,000 (-2.5%) $231,604 (12.3%) 0.00 70
    2019-12-01 $122,200 (-6.0%) $200,100 (-16.8%) 0.00 68
    2020-01-01 $120,575 (-17.6%) $198,959 (-16.6%) 0.00 64
    2020-02-01 $120,000 (-19.7%) $216,120 (-12.2%) 0.00 65
    2020-03-01 $121,200 (-19.6%) $203,580 (-15.8%) 0.00 65
    2020-04-01 $123,500 (-13.5%) $188,425 (-17.8%) 0.00 67
    2020-05-01 $125,000 (-15.1%) $210,048 (-8.6%) 0.00 51
    2020-06-01 $161,150 (18.1%) $229,354 (-0.3%) 0.00 45
    2020-07-01 $167,225 (24.4%) $231,035 (1.5%) 0.00 38
    2020-08-01 $169,500 (28.9%) $193,303 (-16.1%) 0.00 35
    2020-09-01 $165,925 (27.5%) $186,691 (-22.3%) 0.00 25
    2020-10-01 $124,900 (-3.5%) $194,683 (-22.5%) 0.00 23
    2020-11-01 $124,925 (-0.1%) $164,090 (-29.2%) 0.00 22
    2020-12-01 $122,450 (0.2%) $163,045 (-18.5%) 0.00 19
    2021-01-01 $114,900 (-4.7%) $140,782 (-29.2%) 0.00 17
    2021-02-01 $124,425 (3.7%) $139,852 (-35.3%) 0.00 15
    2021-03-01 $132,500 (9.3%) $179,215 (-12.0%) 0.00 21
    2021-04-01 $166,625 (34.9%) $201,209 (6.8%) 0.00 19
    2021-05-01 $146,900 (17.5%) $176,995 (-15.7%) 0.00 18
    2021-06-01 $146,900 (-8.8%) $179,234 (-21.9%) 0.00 21
    2021-07-01 $179,900 (7.6%) $211,857 (-8.3%) 0.00 23
    2021-08-01 $201,725 (19.0%) $248,301 (28.5%) 0.00 25
    2021-09-01 $187,700 (13.1%) $266,144 (42.6%) 0.00 28
    2021-10-01 $247,400 (98.1%) $298,379 (53.3%) 0.00 32
    2021-11-01 $261,250 (109.1%) $368,258 (124.4%) 0.00 30
    2021-12-01 $268,124 (119.0%) $384,268 (135.7%) 0.00 36
    2022-01-01 $235,000 (104.5%) $358,866 (154.9%) 0.00 34
    2022-02-01 $208,675 (67.7%) $387,637 (177.2%) 0.00 33
    2022-03-01 $187,000 (41.1%) $357,846 (99.7%) 0.00 37
    2022-04-01 $235,000 (41.0%) $322,692 (60.4%) 0.00 37
    2022-05-01 $226,000 (53.9%) $339,756 (92.0%) 0.00 35
    2022-06-01 $249,225 (69.7%) $349,398 (94.9%) 0.00 37
    2022-07-01 $249,450 (38.7%) $362,153 (70.9%) 0.00 36
    2022-08-01 $279,725 (38.7%) $428,252 (72.5%) 0.00 34
    2022-09-01 $249,000 (32.7%) $356,700 (34.0%) 0.00 34
    2022-10-01 $229,950 (-7.1%) $352,285 (18.1%) 0.00 33
    2022-11-01 $224,675 (-14.0%) $326,681 (-11.3%) 0.00 38
    2022-12-01 $234,500 (-12.5%) $349,265 (-9.1%) 0.00 40
    2023-01-01 $226,175 (-3.8%) $330,905 (-7.8%) 0.00 42
    2023-02-01 $250,000 (19.8%) $362,790 (-6.4%) 0.00 38
    2023-03-01 $249,900 (33.6%) $385,035 (7.6%) 0.00 38
    2023-04-01 $232,400 (-1.1%) $325,622 (0.9%) 0.00 44
    2023-05-01 $204,200 (-9.7%) $311,477 (-8.3%) 0.00 51
    2023-06-01 $221,050 (-11.3%) $352,684 (0.9%) 0.00 59
    2023-07-01 $244,450 (-2.0%) $353,182 (-2.5%) 0.00 53
    2023-08-01 $268,425 (-4.0%) $366,668 (-14.4%) 0.00 48
    2023-09-01 $299,000 (20.1%) $436,281 (22.3%) 0.00 42
    2023-10-01 $269,000 (17.0%) $406,708 (15.5%) 0.00 43
    2023-11-01 $246,950 (9.9%) $391,914 (20.0%) 0.00 50
    2023-12-01 $224,750 (-4.2%) $353,804 (1.3%) 0.00 50
    2024-01-01 $253,550 (12.1%) $406,730 (22.9%) 0.00 48
    2024-02-01 $279,450 (11.8%) $420,798 (16.0%) 0.00 50
    2024-03-01 $260,000 (4.0%) $396,994 (3.1%) 0.00 52
    2024-04-01 $214,500 (-7.7%) $377,547 (16.0%) 0.00 46
    2024-05-01 $206,250 (1.0%) $380,515 (22.2%) 0.00 44
    2024-06-01 $214,500 (-3.0%) $394,296 (11.8%) 0.00 57
    2024-07-01 $193,249 (-21.0%) $370,330 (4.9%) 0.00 72
    2024-08-01 $195,000 (-27.4%) $345,521 (-5.8%) 0.00 72
    2024-09-01 $194,100 (-35.1%) $320,852 (-26.5%) 0.00 72
    2024-10-01 $211,175 (-21.5%) $310,135 (-23.8%) 0.00 70
    2024-11-01 $209,900 (-15.0%) $307,284 (-21.6%) 0.00 68
    2024-12-01 $213,675 (-4.9%) $301,809 (-14.7%) 0.00 69
    2025-01-01 $199,850 (-21.2%) $294,496 (-27.6%) 0.00 67
    Summerville's median listing price for 2025-01-01 was $199,850, a difference of $-53,700 (-21.2%) versus the prior year and $-13,825 versus the prior month.

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

    Summerville's average listing price for 2025-01-01 was $294,496, a difference of $-112,234 (-27.6%) versus the prior year and $-7,313 versus the prior month.

    For the 2025-01-01 period, Summerville had 67 MLS listings, a difference of -2 listings (-3%) versus the prior month and 19 listings (40%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Summerville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,542 sqft
    2018-02-01 0 days 1,586 sqft
    2018-03-01 0 days 1,696 sqft
    2018-04-01 0 days 1,658 sqft
    2018-05-01 0 days 1,619 sqft
    2018-06-01 0 days 1,600 sqft
    2018-07-01 0 days 1,554 sqft
    2018-08-01 0 days 1,592 sqft
    2018-09-01 0 days 1,608 sqft
    2018-10-01 0 days 1,562 sqft
    2018-11-01 0 days 1,610 sqft
    2018-12-01 0 days 1,684 sqft
    2019-01-01 0 days 1,780 sqft
    2019-02-01 0 days 1,634 sqft
    2019-03-01 0 days 1,647 sqft
    2019-04-01 0 days 1,664 sqft
    2019-05-01 0 days 1,749 sqft
    2019-06-01 0 days 1,768 sqft
    2019-07-01 0 days 1,726 sqft
    2019-08-01 0 days 1,725 sqft
    2019-09-01 0 days 1,662 sqft
    2019-10-01 0 days 1,526 sqft
    2019-11-01 0 days 1,371 sqft
    2019-12-01 0 days 1,389 sqft
    2020-01-01 0 days 1,420 sqft
    2020-02-01 0 days 1,530 sqft
    2020-03-01 0 days 1,396 sqft
    2020-04-01 0 days 1,378 sqft
    2020-05-01 0 days 1,519 sqft
    2020-06-01 0 days 1,616 sqft
    2020-07-01 0 days 1,663 sqft
    2020-08-01 0 days 1,675 sqft
    2020-09-01 0 days 1,612 sqft
    2020-10-01 0 days 1,457 sqft
    2020-11-01 0 days 1,241 sqft
    2020-12-01 0 days 1,307 sqft
    2021-01-01 0 days 1,296 sqft
    2021-02-01 0 days 1,475 sqft
    2021-03-01 0 days 1,481 sqft
    2021-04-01 0 days 1,799 sqft
    2021-05-01 0 days 1,561 sqft
    2021-06-01 0 days 1,620 sqft
    2021-07-01 0 days 1,736 sqft
    2021-08-01 0 days 1,826 sqft
    2021-09-01 0 days 1,908 sqft
    2021-10-01 0 days 2,021 sqft
    2021-11-01 0 days 2,326 sqft
    2021-12-01 0 days 2,347 sqft
    2022-01-01 0 days 1,990 sqft
    2022-02-01 0 days 1,638 sqft
    2022-03-01 0 days 1,625 sqft
    2022-04-01 0 days 1,710 sqft
    2022-05-01 0 days 1,599 sqft
    2022-06-01 0 days 1,713 sqft
    2022-07-01 0 days 2,095 sqft
    2022-08-01 0 days 2,267 sqft
    2022-09-01 0 days 1,924 sqft
    2022-10-01 0 days 1,884 sqft
    2022-11-01 0 days 1,870 sqft
    2022-12-01 0 days 1,828 sqft
    2023-01-01 0 days 1,757 sqft
    2023-02-01 0 days 1,794 sqft
    2023-03-01 0 days 1,753 sqft
    2023-04-01 0 days 1,545 sqft
    2023-05-01 0 days 1,556 sqft
    2023-06-01 0 days 1,608 sqft
    2023-07-01 0 days 1,543 sqft
    2023-08-01 0 days 1,570 sqft
    2023-09-01 0 days 1,868 sqft
    2023-10-01 0 days 1,891 sqft
    2023-11-01 0 days 1,559 sqft
    2023-12-01 0 days 1,464 sqft
    2024-01-01 0 days 1,813 sqft
    2024-02-01 0 days 1,922 sqft
    2024-03-01 0 days 1,871 sqft
    2024-04-01 0 days 1,591 sqft
    2024-05-01 0 days 1,600 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,633 sqft
    2024-08-01 0 days 1,560 sqft
    2024-09-01 0 days 1,550 sqft
    2024-10-01 0 days 1,600 sqft
    2024-11-01 0 days 1,531 sqft
    2024-12-01 0 days 1,575 sqft
    2025-01-01 0 days 1,603 sqft
    Summerville's median listing age (time on market) for 2025-01-01 was 0 days.

    Summerville's median square footage for active listings during the 2025-01-01 period was 1,603 sqft. One year prior, the average listing was 1,813 sqft.