Talladega USDA Loan Rates, Closing Costs & Stats

Talladega-Sylacauga, 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.

    Talladega's 17 lenders originated 51 USDA loans during 2023. The total origination value was $8,615,000, with an average USDA loan value of $168,922.

    Talladega USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Talladega averaged 6.69% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Talladega's average USDA mortgage closing costs are $4,663.

    The average rate for the prior week (2024-04-12) was 6.64% and one month ago for the week of 2024-03-15, the average rate was 6.82%.

    The average rate one year ago was 6.16%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

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

    Talladega 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 Talladega level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MOVEMENT MORTGAGE, LLC 13 6.91% $5,987
    UNITED WHOLESALE MORTGAGE, LLC 6 6.40% $5,646
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.28% $5,092
    CORNERSTONE HOME LENDING, INC. 4 6.03% $7,076
    SouthPoint Bank 3 6.88% $2,671
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.94% $4,186
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.75% $8,069
    Prosperity Home Mortgage, LLC 2 6.24% $4,824
    RELIANCE FIRST CAPITAL, LLC 2 6.88% $3,765
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.81% $4,785
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.38% $7,781
    BAY EQUITY LLC 1 6.75% $4,876
    Assurance Financial Group, L.L.C. 1 6.13% $6,909
    Renasant Bank 1 6.25% $7,203
    GUILD MORTGAGE COMPANY 1 6.63% $5,664
    HOMESTAR FINANCIAL CORPORATION 1 6.75% $5,567
    First Horizon Bank 1 6.63% $3,658

    The top Talladega USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 13 USDA loans originated. Their average total fees are $5,987, which is $341 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Talladega USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($5,987), .

    The lowest rate Talladega USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC (6.91%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Talladega (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 $159,900 (12.4%) $215,256 (14.0%) 0.00 283
    2018-02-01 $154,925 (5.4%) $208,196 (7.7%) 0.00 281
    2018-03-01 $154,900 (3.3%) $219,535 (8.7%) 0.00 279
    2018-04-01 $168,000 (12.1%) $234,198 (12.8%) 0.00 269
    2018-05-01 $167,425 (4.9%) $231,057 (8.3%) 0.00 272
    2018-06-01 $168,950 (6.2%) $231,593 (9.5%) 0.00 274
    2018-07-01 $164,900 (3.1%) $222,597 (4.8%) 0.00 279
    2018-08-01 $163,875 (2.5%) $218,751 (3.2%) 0.00 287
    2018-09-01 $162,200 (2.7%) $221,859 (4.7%) 0.00 289
    2018-10-01 $159,975 (2.9%) $227,438 (8.8%) 0.00 304
    2018-11-01 $160,000 (0.1%) $239,076 (12.2%) 0.00 296
    2018-12-01 $149,900 (-6.3%) $231,650 (10.0%) 0.00 274
    2019-01-01 $150,600 (-5.8%) $228,421 (6.1%) 0.00 271
    2019-02-01 $156,925 (1.3%) $222,978 (7.1%) 0.00 276
    2019-03-01 $159,671 (3.1%) $234,716 (6.9%) 0.00 267
    2019-04-01 $162,200 (-3.5%) $240,716 (2.8%) 0.00 263
    2019-05-01 $169,900 (1.5%) $244,539 (5.8%) 0.00 264
    2019-06-01 $169,900 (0.6%) $249,189 (7.6%) 0.00 274
    2019-07-01 $164,250 (-0.4%) $242,419 (8.9%) 0.00 289
    2019-08-01 $169,991 (3.7%) $245,007 (12.0%) 0.00 303
    2019-09-01 $171,627 (5.8%) $247,933 (11.8%) 0.00 312
    2019-10-01 $172,900 (8.1%) $250,086 (10.0%) 0.00 311
    2019-11-01 $171,450 (7.2%) $237,900 (-0.5%) 0.00 297
    2019-12-01 $172,175 (14.9%) $230,066 (-0.7%) 0.00 297
    2020-01-01 $169,950 (12.9%) $231,167 (1.2%) 0.00 273
    2020-02-01 $169,900 (8.3%) $234,292 (5.1%) 0.00 268
    2020-03-01 $168,875 (5.8%) $230,118 (-2.0%) 0.00 274
    2020-04-01 $169,900 (4.8%) $229,766 (-4.6%) 0.00 275
    2020-05-01 $169,900 (0.0%) $232,042 (-5.1%) 0.00 254
    2020-06-01 $180,650 (6.3%) $234,340 (-6.0%) 0.00 224
    2020-07-01 $187,450 (14.1%) $249,609 (3.0%) 0.00 192
    2020-08-01 $184,950 (8.8%) $243,962 (-0.4%) 0.00 171
    2020-09-01 $184,900 (7.7%) $251,958 (1.6%) 0.00 168
    2020-10-01 $180,000 (4.1%) $263,853 (5.5%) 0.00 152
    2020-11-01 $184,055 (7.4%) $245,824 (3.3%) 0.00 163
    2020-12-01 $178,925 (3.9%) $229,565 (-0.2%) 0.00 160
    2021-01-01 $181,485 (6.8%) $247,130 (6.9%) 0.00 140
    2021-02-01 $162,093 (-4.6%) $243,046 (3.7%) 0.00 125
    2021-03-01 $174,050 (3.1%) $248,639 (8.1%) 0.00 129
    2021-04-01 $174,950 (3.0%) $273,148 (18.9%) 0.00 116
    2021-05-01 $175,900 (3.5%) $283,464 (22.2%) 0.00 119
    2021-06-01 $197,928 (9.6%) $309,005 (31.9%) 0.00 114
    2021-07-01 $219,900 (17.3%) $317,273 (27.1%) 0.00 131
    2021-08-01 $196,750 (6.4%) $305,153 (25.1%) 0.00 146
    2021-09-01 $188,675 (2.0%) $291,362 (15.6%) 0.00 142
    2021-10-01 $179,900 (-0.1%) $285,005 (8.0%) 0.00 145
    2021-11-01 $169,900 (-7.7%) $290,957 (18.4%) 0.00 134
    2021-12-01 $171,225 (-4.3%) $299,051 (30.3%) 0.00 127
    2022-01-01 $179,900 (-0.9%) $295,997 (19.8%) 0.00 113
    2022-02-01 $193,925 (19.6%) $297,813 (22.5%) 0.00 104
    2022-03-01 $178,675 (2.7%) $255,148 (2.6%) 0.00 87
    2022-04-01 $187,450 (7.1%) $271,879 (-0.5%) 0.00 103
    2022-05-01 $205,475 (16.8%) $286,655 (1.1%) 0.00 140
    2022-06-01 $211,175 (6.7%) $273,124 (-11.6%) 0.00 157
    2022-07-01 $214,950 (-2.3%) $267,080 (-15.8%) 0.00 172
    2022-08-01 $220,400 (12.0%) $280,332 (-8.1%) 0.00 181
    2022-09-01 $221,500 (17.4%) $275,788 (-5.4%) 0.00 176
    2022-10-01 $220,950 (22.8%) $282,226 (-1.0%) 0.00 175
    2022-11-01 $218,138 (28.4%) $269,925 (-7.2%) 0.00 200
    2022-12-01 $218,760 (27.8%) $266,170 (-11.0%) 0.00 188
    2023-01-01 $214,200 (19.1%) $266,305 (-10.0%) 0.00 182
    2023-02-01 $199,900 (3.1%) $252,371 (-15.3%) 0.00 178
    2023-03-01 $201,028 (12.5%) $258,165 (1.2%) 0.00 166
    2023-04-01 $204,185 (8.9%) $266,746 (-1.9%) 0.00 158
    2023-05-01 $201,955 (-1.7%) $264,226 (-7.8%) 0.00 158
    2023-06-01 $200,950 (-4.8%) $261,914 (-4.1%) 0.00 190
    2023-07-01 $215,000 (0.0%) $270,287 (1.2%) 0.00 206
    2023-08-01 $214,975 (-2.5%) $277,555 (-1.0%) 0.00 194
    2023-09-01 $212,435 (-4.1%) $261,517 (-5.2%) 0.00 198
    2023-10-01 $213,605 (-3.3%) $259,234 (-8.2%) 0.00 215
    2023-11-01 $217,583 (-0.3%) $269,558 (-0.1%) 0.00 212
    2023-12-01 $220,180 (0.7%) $278,252 (4.5%) 0.00 210
    2024-01-01 $213,075 (-0.5%) $262,468 (-1.4%) 0.00 212
    2024-02-01 $223,285 (11.7%) $272,132 (7.8%) 0.00 206
    2024-03-01 $230,530 (14.7%) $294,760 (14.2%) 0.00 200
    Talladega's median listing price for 2024-03-01 was $230,530, a difference of $29,502 (14.7%) versus the prior year and $7,245 versus the prior month.

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

    Talladega's average listing price for 2024-03-01 was $294,760, a difference of $36,595 (14.2%) versus the prior year and $22,628 versus the prior month.

    For the 2024-03-01 period, Talladega had 200 MLS listings, a difference of -6 listings (-3%) versus the prior month and 34 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Talladega (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,000 sqft
    2018-02-01 0 days 1,977 sqft
    2018-03-01 0 days 1,999 sqft
    2018-04-01 0 days 1,997 sqft
    2018-05-01 0 days 1,993 sqft
    2018-06-01 0 days 2,000 sqft
    2018-07-01 0 days 1,939 sqft
    2018-08-01 0 days 1,909 sqft
    2018-09-01 0 days 1,889 sqft
    2018-10-01 0 days 1,863 sqft
    2018-11-01 0 days 1,895 sqft
    2018-12-01 0 days 1,869 sqft
    2019-01-01 0 days 1,817 sqft
    2019-02-01 0 days 1,800 sqft
    2019-03-01 0 days 1,831 sqft
    2019-04-01 0 days 1,871 sqft
    2019-05-01 0 days 1,897 sqft
    2019-06-01 0 days 1,860 sqft
    2019-07-01 0 days 1,801 sqft
    2019-08-01 0 days 1,799 sqft
    2019-09-01 0 days 1,781 sqft
    2019-10-01 0 days 1,770 sqft
    2019-11-01 0 days 1,800 sqft
    2019-12-01 0 days 1,801 sqft
    2020-01-01 0 days 1,806 sqft
    2020-02-01 0 days 1,811 sqft
    2020-03-01 0 days 1,806 sqft
    2020-04-01 0 days 1,802 sqft
    2020-05-01 0 days 1,808 sqft
    2020-06-01 0 days 1,801 sqft
    2020-07-01 0 days 1,851 sqft
    2020-08-01 0 days 1,932 sqft
    2020-09-01 0 days 1,894 sqft
    2020-10-01 0 days 1,909 sqft
    2020-11-01 0 days 1,852 sqft
    2020-12-01 0 days 1,802 sqft
    2021-01-01 0 days 1,801 sqft
    2021-02-01 0 days 1,692 sqft
    2021-03-01 0 days 1,713 sqft
    2021-04-01 0 days 1,744 sqft
    2021-05-01 0 days 1,689 sqft
    2021-06-01 0 days 1,788 sqft
    2021-07-01 0 days 1,908 sqft
    2021-08-01 0 days 1,809 sqft
    2021-09-01 0 days 1,731 sqft
    2021-10-01 0 days 1,765 sqft
    2021-11-01 0 days 1,800 sqft
    2021-12-01 0 days 1,718 sqft
    2022-01-01 0 days 1,690 sqft
    2022-02-01 0 days 1,723 sqft
    2022-03-01 0 days 1,670 sqft
    2022-04-01 0 days 1,687 sqft
    2022-05-01 0 days 1,669 sqft
    2022-06-01 0 days 1,639 sqft
    2022-07-01 0 days 1,665 sqft
    2022-08-01 0 days 1,749 sqft
    2022-09-01 0 days 1,786 sqft
    2022-10-01 0 days 1,844 sqft
    2022-11-01 0 days 1,746 sqft
    2022-12-01 0 days 1,723 sqft
    2023-01-01 0 days 1,730 sqft
    2023-02-01 0 days 1,570 sqft
    2023-03-01 0 days 1,615 sqft
    2023-04-01 0 days 1,650 sqft
    2023-05-01 0 days 1,653 sqft
    2023-06-01 0 days 1,572 sqft
    2023-07-01 0 days 1,595 sqft
    2023-08-01 0 days 1,584 sqft
    2023-09-01 0 days 1,562 sqft
    2023-10-01 0 days 1,624 sqft
    2023-11-01 0 days 1,646 sqft
    2023-12-01 0 days 1,652 sqft
    2024-01-01 0 days 1,643 sqft
    2024-02-01 0 days 1,748 sqft
    2024-03-01 0 days 1,808 sqft
    Talladega's median listing age (time on market) for 2024-03-01 was 0 days.

    Talladega's median square footage for active listings during the 2024-03-01 period was 1,808 sqft. One year prior, the average listing was 1,615 sqft.