Alabama USDA Loan Rates, Closing Costs & Stats

Alabama

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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.

    Alabama USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Alabama averaged 6.32% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

    Alabama's average USDA mortgage closing costs are $4,689.

    The average rate for the prior week (2025-03-28) was 6.28% and one month ago for the week of 2025-02-28, the average rate was 6.63%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.3%.

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

    Alabama 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 Alabama level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 163 4.68% $4,945
    UNITED WHOLESALE MORTGAGE, LLC 91 6.02% $7,760
    Renasant Bank 77 6.24% $6,359
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 69 6.52% $6,838
    GUILD MORTGAGE COMPANY 64 6.20% $6,469
    STOCKTON MORTGAGE CORPORATION 63 6.40% $7,648
    GMFS LLC 55 6.36% $3,866
    Hamilton Mortgage Corporation 54 6.43% $6,080
    First Federal Bank, A FSB 42 5.97% $7,216
    FIRST COMMUNITY MORTGAGE, INC. 41 6.23% $7,118
    Synovus Bank 38 6.02% $6,227
    Trustmark National Bank 36 5.89% $6,876
    CANOPY MORTGAGE, LLC 35 6.17% $10,143
    NEWREZ LLC 34 6.29% $5,321
    MOVEMENT MORTGAGE, LLC 34 6.63% $7,488
    UNION HOME MORTGAGE CORP. 33 6.26% $7,292
    TOWNE MORTGAGE COMPANY 32 6.22% $6,451
    CROSSCOUNTRY MORTGAGE, LLC 25 6.54% $6,958
    EAGLE HOME MORTGAGE, LLC 25 4.37% $4,658
    FirstBank 23 6.03% $7,729
    MORIA DEVELOPMENT, INC. 22 6.02% $6,303
    Regions Bank 21 6.26% $7,069
    CMG MORTGAGE, INC. 21 6.74% $7,296
    SouthPoint Bank 19 6.03% $3,603
    LEADERONE FINANCIAL CORPORATION 18 6.85% $5,981
    Magnolia Bank 16 6.38% $7,268
    Mortgage Research Center, LLC 16 6.42% $2,331
    Ameris Bank 15 6.09% $8,219
    Consumer First Mortgage, Inc. 15 6.57% $6,925
    Flagstar Bank, FSB 14 6.40% $7,121
    RELIANCE FIRST CAPITAL, LLC 14 6.25% $4,152
    Assurance Financial Group, L.L.C. 13 6.72% $5,669
    PLANET HOME LENDING, LLC 13 6.31% $7,235
    BROKER SOLUTIONS, INC. 13 6.54% $8,233
    SOUTHWEST FUNDING, LP 13 6.80% $7,329
    INTERLINC MORTGAGE SERVICES, LLC 13 6.73% $3,363
    SUCCESS MORTGAGE PARTNERS, INC. 12 6.59% $6,910
    BancorpSouth 12 6.13% $6,062
    ENVOY MORTGAGE, LTD 11 6.81% $5,938
    Plains Commerce Bank 11 6.48% $6,334
    VANDERBILT MORTGAGE AND FINANCE, INC. 11 6.41% $6,328
    TJC Mortgage, Inc. 10 6.48% $6,366
    Paramount Residential Mortgage Group, Inc. 10 6.40% $6,921
    FBC MORTGAGE, LLC 10 5.07% $5,431
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 9 6.51% $6,301
    EMBRACE HOME LOANS, INC. 9 6.54% $8,054
    CIS Financial Services, Inc. 9 6.25% $7,274
    Prosperity Home Mortgage, LLC 9 6.39% $6,041
    BAYSHORE MORTGAGE FUNDING, LLC 9 7.08% $7,369
    United Community Bank 9 6.35% $6,787
    AMERICAN FINANCIAL RESOURCES, INC. 9 6.54% $7,311
    EVERETT FINANCIAL, INC. 8 6.66% $5,947
    REDSTONE Federal Credit Union 8 6.13% $5,086
    Equity Prime Mortgage LLC 8 6.50% $7,161
    South State Bank 8 5.89% $8,352
    DSLD MORTGAGE, LLC 8 5.32% $4,459
    LOANDEPOT.COM, LLC 7 6.43% $6,381
    Tyndall Federal Credit Union 7 5.93% $6,394
    DIRECT MORTGAGE LOANS, LLC 7 6.82% $7,283
    MORTGAGE INVESTORS GROUP, INC. 7 6.28% $6,030
    FIRST COLONY MORTGAGE CORPORATION 6 6.21% $7,446
    GUARANTEED RATE, INC. 6 6.36% $7,177
    Bank Independent 6 6.06% $6,276
    Keystone Funding, Inc. 6 6.54% $6,558
    INSPIRE HOME LOANS INC. 6 5.60% $5,802
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.13% $5,064
    THE MORTGAGE FIRM, INC. 5 6.15% $6,982
    Century Mortgage Company DBA Century Lending Company 5 6.27% $7,571
    CARDINAL FINANCIAL 5 6.75% $5,649
    AVADIAN 5 6.25% $6,362
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 6.13% $8,235
    Ixonia Bank 5 7.30% $5,647
    Legends Bank 5 6.53% $5,057
    DAS Acquisition Company, LLC 4 6.44% $8,440
    Listerhill Credit Union 4 6.03% $7,819
    HUNT MORTGAGE CORPORATION 4 6.09% $6,491
    SeaTrust Mortgage Company 4 6.18% $6,381
    Hancock Whitney Bank 4 6.22% $5,736
    Capital City Home Loans, LLC 4 6.47% $5,164
    Truist 4 5.72% $5,610
    EMM LOANS LLC 4 6.53% $5,774
    Princeton Mortgage Corporation 4 5.91% $6,969
    Cornerstone First Mortgage, Inc 4 6.75% $5,824
    NORWICH COMMERCIAL GROUP, INC. 4 6.25% $3,979
    SWBC MORTGAGE CORPORATION 3 6.00% $3,190
    AMERICAN FINANCIAL NETWORK, INC. 3 6.21% $7,774
    Bank of England 3 6.29% $6,876
    COMMUNITY MORTGAGE CORPORATION 3 6.16% $5,227
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.13% $9,922
    Loan Simple, Inc. 3 6.88% $10,706
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.42% $6,575
    S1L, Inc. 3 5.75% $8,932
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 3 6.38% $5,820
    The Loan Store, Inc. 3 5.75% $5,500
    THE MORTGAGE LINK, INC. 3 7.17% $11,499
    MICHIGAN MUTUAL, INC. 2 6.00% $7,076
    Victorian Finance, LLC 2 6.75% $8,034
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.62% $7,515
    Wolfe Financial, Inc 2 6.63% $7,134
    LAND HOME FINANCIAL SERVICES, INC. 2 6.00% $5,908
    HOMESIDE FINANCIAL, LLC 2 6.44% $6,126
    ACOPIA, LLC 2 6.50% $5,326
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 6.56% $7,487
    SOUTHPOINT FINANCIAL SERVICES, INC. 2 6.50% $7,870
    AmRes Corporation 2 6.13% $9,813
    Residential Acceptance Corporation 2 7.50% $4,799
    First Horizon Bank 2 6.00% $7,254
    EVANSVILLE TEACHERS 2 6.00% $5,224
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.44% $7,368
    OPEN MORTGAGE, LLC 2 5.81% $7,683
    SUN WEST MORTGAGE COMPANY, INC. 2 6.18% $7,309
    1ST SIGNATURE LENDING, LLC 2 6.38% $10,010
    Colony Bank 1 6.13% $6,252
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $6,985
    Centennial Bank 1 6.50% $4,860
    CB&S Bank, Inc. 1 6.25% $5,786
    CALCON MUTUAL MORTGAGE LLC 1 6.38% $11,921
    BankPlus 1 5.63% $3,126
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $12,211
    AlaTrust Credit Union 1 6.13% $6,120
    University Bank 1 6.63% $7,214
    Northpointe Bank 1 6.63% $4,233
    NFM, INC. 1 7.13% $9,441
    PIKE CREEK MORTGAGE SERVICES, INC. 1 6.99% $5,162
    PENNYMAC LOAN SERVICES, LLC 1 5.75% $8,078
    Nations Lending Corporation 1 7.25% $7,023
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $6,111
    PLAZA HOME MORTGAGE, INC. 1 6.75% $6,445
    PNC Bank 1 7.25% $3,896
    Presidential Bank, FSB 1 6.50% $7,083
    Mortgage Assurance Inc. 1 6.75% $3,874
    METROPLEX MORTGAGE SERVICES, INC. 1 6.75% $10,344
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 7.13% $6,204
    Valley National Bank 1 6.25% $5,543
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.62% $7,275
    Sierra Pacific Mortgage Company, Inc. 1 6.25% $6,066
    SmartBank 1 6.25% $4,161
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 4.99% $5,644
    GENEVA FINANCIAL, LLC 1 7.13% $6,278
    DIRECT LENDERS, LLC 1 5.25% $10,147
    CONTOUR MORTGAGE CORPORATION 1 6.50% $5,816

    The top Alabama USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 163 USDA loans originated. Their average total fees are $4,945, which is $2,815 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Alabama USDA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($2,331), INTERLINC MORTGAGE SERVICES, LLC ($3,363), SouthPoint Bank ($3,603), GMFS LLC ($3,866) and RELIANCE FIRST CAPITAL, LLC ($4,152).

    The lowest rate Alabama USDA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.37%), DHI MORTGAGE COMPANY, LTD. (4.68%), FBC MORTGAGE, LLC (5.07%), Trustmark National Bank (5.89%) and First Federal Bank, A FSB (5.97%).