Valdosta USDA Loans

VALDOSTA, 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.

Valdosta's 27 lenders originated 96 USDA loans during 2021. The total origination value was $17,120,000, with an average USDA loan value of $178,333.

Valdosta USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Valdosta averaged 5.03% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.42% and one month ago for the week of 2022-04-15, the average rate was 4.71%.

The average rate one year ago was 2.96%.

For refis of the same type during the week of 2022-05-20, the average rate was 4.91%.

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

Valdosta USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Valdosta level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Ameris Bank 14 2.88% $5,396
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 2.95% $6,262
OPEN MORTGAGE, LLC 11 2.74% $6,047
HOME POINT FINANCIAL CORPORATION 8 2.80% $4,779
ANGEL OAK HOME LOANS LLC 8 2.92% $5,426
Renasant Bank 8 3.07% $6,991
BANKSOUTH MORTGAGE COMPANY, LLC 4 2.56% $6,005
GoPrime Mortgage, Inc. 4 2.97% $5,620
Blue Ridge Bank 3 2.96% $5,201
HOMESTAR FINANCIAL CORPORATION 3 3.00% $3,617
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 2.94% $5,747
PENNYMAC LOAN SERVICES, LLC 2 3.12% $4,190
Synovus Bank 2 2.69% $5,273
Colony Bank 2 2.63% $5,356
First Heritage Mortgage, LLC 2 2.88% $4,850
VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.75% $6,458
ACOPIA, LLC 1 2.88% $7,882
CALIBER HOME LOANS, INC. 1 3.50% $6,151
CHURCHILL MORTGAGE CORPORATION 1 3.25% $4,541
Colten Mortgage, LLC 1 2.75% $3,482
First Federal Bank 1 2.75% $6,951
Flagstar Bank, FSB 1 3.13% $6,621
INSPIRE HOME LOANS INC. 1 3.00% $4,652
Magnolia Bank 1 2.50% $7,444
THE MORTGAGE FIRM, INC. 1 2.75% $6,037
UNION HOME MORTGAGE CORP. 1 3.25% $4,953
1ST SIGNATURE LENDING, LLC 1 3.25% $7,898

The top Valdosta USDA lender as defined by loan originations is Ameris Bank, with 14 USDA loans originated. Their average total fees are $5,396, which is $866 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Valdosta USDA lenders (with over 10 loans originated) are Ameris Bank ($5,396), OPEN MORTGAGE, LLC ($6,047), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,262), .

The lowest rate Valdosta USDA lenders (with over 10 loans originated) are OPEN MORTGAGE, LLC (2.74%), Ameris Bank (2.88%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (2.95%), .