Georgia USDA Loan Rates, Closing Costs & Stats

Georgia

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.

Georgia USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Georgia averaged 6.67% for the week of 2023-09-22, compared to the national average (all USDA variants) of 7.021% for the same period.

Georgia's average USDA mortgage closing costs are $4,976.

The average rate for the prior week (2023-09-15) was 6.63% and one month ago for the week of 2023-08-18, the average rate was 6.73%.

The average rate one year ago was 5.46%.

For refis of the same type during the week of 2023-09-22, the average rate was 5.8%.

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

Georgia 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 Georgia level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
HOMESTAR FINANCIAL CORPORATION 265 4.91% $4,743
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 94 4.97% $6,842
Renasant Bank 71 4.47% $6,234
UNITED WHOLESALE MORTGAGE, LLC 68 4.84% $7,519
Flagstar Bank, FSB 58 4.33% $6,264
Ameris Bank 56 4.81% $6,764
HOME POINT FINANCIAL CORPORATION 48 4.69% $6,779
MOVEMENT MORTGAGE, LLC 43 4.78% $6,724
GUARANTEED RATE, INC. 39 4.82% $7,256
BANKSOUTH MORTGAGE COMPANY, LLC 35 4.11% $7,448
HOMEBRIDGE FINANCIAL SERVICES, INC. 34 4.62% $7,824
SWBC MORTGAGE CORPORATION 34 4.78% $5,442
Magnolia Bank 31 4.75% $6,258
BROKER SOLUTIONS, INC. 30 4.92% $7,186
HOMEOWNERS FINANCIAL GROUP USA, LLC 30 4.88% $8,216
STOCKTON MORTGAGE CORPORATION 28 4.77% $7,669
CARDINAL FINANCIAL 27 5.30% $7,919
VANDERBILT MORTGAGE AND FINANCE, INC. 27 4.63% $6,425
CALIBER HOME LOANS, INC. 27 4.55% $6,684
Synovus Bank 26 4.47% $7,106
VAN DYK MORTGAGE CORPORATION 26 4.92% $4,917
ANGEL OAK HOME LOANS LLC 24 4.70% $6,719
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 23 4.86% $6,983
GUILD MORTGAGE COMPANY 22 4.80% $7,286
Colony Bank 21 4.90% $5,690
South State Bank 20 3.91% $6,285
FirstBank 20 4.69% $6,462
PENNYMAC LOAN SERVICES, LLC 20 3.09% $5,651
ACOPIA, LLC 18 5.28% $8,651
GUARANTY HOME MORTGAGE CORPORATION 18 4.01% $5,608
THE MORTGAGE FIRM, INC. 18 4.51% $6,317
EVERETT FINANCIAL, INC. 17 5.10% $4,698
United Community Bank 17 4.43% $6,069
CRESCENT MORTGAGE COMPANY 16 5.06% $6,189
SOUTHPOINT FINANCIAL SERVICES, INC. 16 4.93% $4,283
SOUTHEAST MORTGAGE OF GEORGIA, INC. 15 4.80% $7,772
CERTAINTY HOME LOANS, LLC 15 4.38% $7,088
Equity Prime Mortgage LLC 15 5.12% $8,908
MORTGAGE INVESTORS GROUP, INC. 14 4.64% $7,122
Paramount Residential Mortgage Group, Inc. 14 4.99% $7,063
CMG MORTGAGE, INC. 13 4.33% $6,522
UNION HOME MORTGAGE CORP. 13 4.12% $5,495
PRIMELENDING, A PLAINSCAPITAL COMPANY 11 4.84% $9,346
Capital City Home Loans, LLC 11 4.77% $7,759
CROSSCOUNTRY MORTGAGE, LLC 10 4.79% $8,527
SECURITYNATIONAL MORTGAGE COMPANY 10 4.90% $6,272
DHI MORTGAGE COMPANY, LTD. 10 4.01% $6,581
NEWREZ LLC 9 3.93% $9,261
NFM, INC. 9 6.00% $6,752
LOANDEPOT.COM, LLC 9 4.29% $7,674
DAS Acquisition Company, LLC 8 5.03% $7,677
TJC Mortgage, Inc. 8 3.97% $6,662
PRIMARY RESIDENTIAL MORTGAGE, INC. 8 4.98% $7,930
SUMMIT FUNDING, INC. 8 5.64% $8,822
GENEVA FINANCIAL, LLC 8 4.73% $8,042
Century Mortgage Company DBA Century Lending Company 8 4.36% $5,847
Bank of England 8 5.09% $7,670
INSPIRE HOME LOANS INC. 8 5.20% $9,766
TOWNE MORTGAGE COMPANY 8 4.06% $7,254
Alcova Mortgage LLC 7 4.86% $5,507
LEADERONE FINANCIAL CORPORATION 7 4.80% $6,398
INTERLINC MORTGAGE SERVICES, LLC 7 4.66% $6,370
Truist 7 3.75% $5,084
Regions Bank 7 3.91% $7,071
Prosperity Home Mortgage, LLC 6 4.27% $6,367
GMFS LLC 6 3.79% $5,472
Goldwater Bank, N.A. 6 3.83% $5,819
HOMESPIRE MORTGAGE CORPORATION 6 4.48% $8,712
Plains Commerce Bank 6 5.67% $7,986
United Bank 5 4.05% $5,335
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 5.15% $8,063
CHURCHILL MORTGAGE CORPORATION 5 3.80% $6,604
Queensborough National Bank & Trust Company 5 5.08% $4,858
PLAZA HOME MORTGAGE, INC. 5 4.93% $7,471
Blue Ridge Bank 5 4.48% $6,521
SUCCESS MORTGAGE PARTNERS, INC. 5 5.50% $7,617
Hometown Equity Mortgage, LLC 5 4.95% $6,807
ON Q FINANCIAL, INC. 4 4.88% $7,605
GoPrime Mortgage, Inc. 4 5.22% $5,589
PANORAMA MORTGAGE GROUP, LLC 4 5.34% $8,367
Wells Fargo Bank 4 5.63% $6,085
Mortgage Research Center, LLC 3 5.41% $3,588
Ixonia Bank 3 3.83% $5,711
Gateway First Bank 3 4.58% $5,149
First Federal Bank 3 4.41% $6,685
AMERICAN FINANCIAL RESOURCES, INC. 3 4.13% $8,032
LIBERTY HOME MORTGAGE CORPORATION 3 5.67% $4,540
US MORTGAGE CORPORATION 3 4.83% $7,643
First Option Mortgage, LLC 3 5.25% $8,033
The Federal Savings Bank 3 3.29% $5,985
T2 FINANCIAL LLC 3 6.04% $9,150
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 5.46% $5,616
DRAPER AND KRAMER MORTGAGE CORP. 3 3.54% $5,319
MORIA DEVELOPMENT, INC. 3 5.46% $6,559
Atlantic Union Bank 3 5.21% $9,304
DIRECT LENDERS, LLC 3 4.08% $3,474
Sierra Pacific Mortgage Company, Inc. 3 3.67% $8,701
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 3 5.58% $11,008
Mortgage Assurance Inc. 3 3.75% $8,130
BAY EQUITY LLC 3 4.83% $8,671
Northpointe Bank 2 6.44% $6,184
HOMESIDE FINANCIAL, LLC 2 4.62% $7,994
Home State Bank 2 5.62% $5,845
KELLER MORTGAGE, LLC 2 3.44% $4,487
LAND HOME FINANCIAL SERVICES, INC. 2 5.25% $7,144
Legends Bank 2 4.69% $5,397
FIRST COMMUNITY MORTGAGE, INC. 2 4.31% $6,536
Loan Simple, Inc. 2 4.62% $8,593
First-Citizens Bank & Trust Company 2 5.00% $6,288
MUTUAL OF OMAHA MORTGAGE, INC. 2 4.69% $9,884
Nations Lending Corporation 2 5.50% $9,354
EAGLE HOME MORTGAGE, LLC 2 4.63% $11,250
OPEN MORTGAGE, LLC 2 4.56% $7,450
PLANET HOME LENDING, LLC 2 3.25% $4,107
PNC Bank 2 6.25% $6,830
RADIUS FINANCIAL GROUP INC. 2 6.50% $7,038
ROUNDPOINT MORTGAGE SERVICING CORPORATION 2 4.50% $3,595
CDC Federal Credit Union 2 4.25% $6,628
AMERISAVE MORTGAGE CORPORATION 2 5.00% $6,280
AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.38% $8,564
Waterstone Mortgage Corporation 2 4.75% $7,106
GUARANTEED RATE AFFINITY, LLC 2 5.13% $8,218
RAPID MORTGAGE COMPANY 1 3.13% $8,925
Cornerstone First Mortgage, Inc 1 6.63% $7,050
COMMUNITY MORTGAGE CORPORATION 1 5.12% $8,274
RESIDENTIAL HOME FUNDING CORP. 1 5.25% $10,319
First Vision Bank of Tennessee 1 5.63% $4,365
S1L, Inc. 1 4.63% $12,920
Peoples Bank 1 6.63% $14,308
Servion, Inc. 1 3.50% $4,710
Shamrock Home Loans, Inc. 1 3.88% $6,458
Paramount Bank 1 4.75% $9,020
Central Bank 1 4.25% $6,905
Centennial Bank 1 6.63% $6,152
HOME SOLUTION LENDERS INC. 1 4.00% $5,365
CALCON MUTUAL MORTGAGE LLC 1 5.63% $5,322
FBC MORTGAGE, LLC 1 4.99% $11,488
FINANCE OF AMERICA MORTGAGE LLC 1 5.63% $9,522
MORTGAGE FINANCIAL GROUP, INC. 1 3.50% $7,694
Barrington Bank & Trust Company, N.A. 1 3.50% $4,782
MILEND, INC. 1 4.25% $14,486
Meridian Bank Corporation 1 2.88% $13,236
AUGUSTA MORTGAGE CO. 1 3.38% $5,062
THRIVE MORTGAGE, LLC 1 5.88% $11,414
First Guaranty Mortgage Corporation 1 3.50% $7,730
Assurance Financial Group, L.L.C. 1 3.63% $2,980
ASSEMBLIES OF GOD Credit Union 1 3.50% $4,710
Trustmark National Bank 1 5.38% $7,116
First Horizon Bank 1 6.25% $8,940
Independent Bank 1 3.25% $5,672
FREEDOM MORTGAGE CORPORATION 1 5.75% $6,931
UNITED SECURITY FINANCIAL CORP 1 5.75% $5,025
Wyndham Capital Mortgage, Inc. 1 4.38% $6,033
Amerifirst Financial, Inc. 1 5.75% $2,674
PREMIER LENDING, INC. 1 3.00% $7,502
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.63% $8,298
Countybank 1 2.88% $7,310
1ST PREFERENCE MORTGAGE CORP. 1 5.63% $5,960
Pinnacle Bank 1 5.88% $5,668
Wolfe Financial, Inc 1 5.63% $6,149

The top Georgia USDA lender as defined by loan originations is HOMESTAR FINANCIAL CORPORATION, with 265 USDA loans originated. Their average total fees are $4,743, which is $2,098 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Georgia USDA lenders (with over 10 loans originated) are SOUTHPOINT FINANCIAL SERVICES, INC. ($4,283), EVERETT FINANCIAL, INC. ($4,698), HOMESTAR FINANCIAL CORPORATION ($4,743), VAN DYK MORTGAGE CORPORATION ($4,917) and SWBC MORTGAGE CORPORATION ($5,442).

The lowest rate Georgia USDA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.09%), South State Bank (3.91%), DHI MORTGAGE COMPANY, LTD. (4.01%), GUARANTY HOME MORTGAGE CORPORATION (4.01%) and BANKSOUTH MORTGAGE COMPANY, LLC (4.11%).