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 6.51% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Georgia's average USDA mortgage closing costs are $5,117.

The average rate for the prior week (2024-04-05) was 6.73% and one month ago for the week of 2024-03-08, the average rate was 6.59%.

The average rate one year ago was 6%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.53%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
HOMESTAR FINANCIAL CORPORATION 83 6.58% $4,456
UNITED WHOLESALE MORTGAGE, LLC 68 6.08% $8,554
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 62 6.84% $7,754
BANKSOUTH MORTGAGE COMPANY, LLC 37 6.15% $8,677
Magnolia Bank 34 6.30% $7,134
Flagstar Bank, FSB 32 6.68% $8,213
Renasant Bank 29 6.41% $6,908
Ameris Bank 29 6.33% $7,331
GUARANTEED RATE, INC. 29 6.46% $7,910
BROKER SOLUTIONS, INC. 29 6.10% $8,498
SWBC MORTGAGE CORPORATION 23 6.47% $4,455
CROSSCOUNTRY MORTGAGE, LLC 22 6.32% $9,652
Synovus Bank 21 5.99% $9,674
MOVEMENT MORTGAGE, LLC 21 6.38% $8,156
VAN DYK MORTGAGE CORPORATION 20 6.99% $4,064
STOCKTON MORTGAGE CORPORATION 19 6.88% $7,305
UNION HOME MORTGAGE CORP. 19 6.62% $7,867
VANDERBILT MORTGAGE AND FINANCE, INC. 17 6.65% $9,186
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 15 6.61% $8,073
FIRST COMMUNITY MORTGAGE, INC. 15 6.51% $8,043
Colony Bank 15 6.41% $6,695
MORTGAGE INVESTORS GROUP, INC. 15 6.27% $8,311
SOUTHEAST MORTGAGE OF GEORGIA, INC. 14 6.60% $7,372
HOMEOWNERS FINANCIAL GROUP USA, LLC 14 6.70% $9,252
NEWREZ LLC 14 6.51% $7,225
Paramount Residential Mortgage Group, Inc. 13 6.71% $7,967
CMG MORTGAGE, INC. 12 6.70% $7,816
ACOPIA, LLC 12 6.23% $8,226
PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.75% $9,528
CARDINAL FINANCIAL 11 6.16% $7,904
TOWNE MORTGAGE COMPANY 11 6.18% $7,104
GUILD MORTGAGE COMPANY 10 6.65% $7,460
Equity Prime Mortgage LLC 10 6.46% $8,973
FirstBank 10 6.43% $7,859
SOUTHPOINT FINANCIAL SERVICES, INC. 10 6.91% $3,228
CRESCENT MORTGAGE COMPANY 9 6.39% $6,789
Mortgage Research Center, LLC 9 6.29% $4,740
Capital City Home Loans, LLC 9 6.21% $7,535
PLAZA HOME MORTGAGE, INC. 7 6.41% $10,387
Century Mortgage Company DBA Century Lending Company 7 6.84% $6,933
Plains Commerce Bank 7 6.34% $7,245
Bank of England 6 6.46% $8,560
ACADEMY MORTGAGE CORPORATION 6 6.38% $10,871
DHI MORTGAGE COMPANY, LTD. 6 5.50% $5,889
Prosperity Home Mortgage, LLC 6 6.62% $8,758
FBC MORTGAGE, LLC 6 5.32% $7,758
CANOPY MORTGAGE, LLC 6 6.60% $9,575
Queensborough National Bank & Trust Company 6 6.42% $5,683
LEADERONE FINANCIAL CORPORATION 6 6.96% $7,283
INSPIRE HOME LOANS INC. 6 6.06% $8,532
United Community Bank 5 6.48% $6,403
AMERICAN FINANCIAL NETWORK, INC. 5 6.40% $9,055
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.93% $7,169
DAS Acquisition Company, LLC 5 6.45% $6,903
First Option Mortgage, LLC 5 6.48% $10,580
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.43% $4,964
THRIVE MORTGAGE, LLC 4 6.41% $7,466
Mortgage Assurance Inc. 4 6.28% $6,670
MUTUAL OF OMAHA MORTGAGE, INC. 4 6.25% $7,225
HOMESIDE FINANCIAL, LLC 4 6.47% $8,288
HOMESPIRE MORTGAGE CORPORATION 4 6.78% $5,877
Loan Simple, Inc. 4 6.75% $11,795
EVERETT FINANCIAL, INC. 3 6.67% $6,771
TJC Mortgage, Inc. 3 6.54% $7,433
Regions Bank 3 5.88% $7,533
AMERICAN FINANCIAL RESOURCES, INC. 3 6.38% $8,809
Alcova Mortgage LLC 3 7.12% $3,476
GMFS LLC 3 5.88% $6,322
Keystone Funding, Inc. 3 6.13% $9,878
GENEVA FINANCIAL, LLC 3 6.79% $9,970
Truist 3 6.13% $5,636
SUMMIT FUNDING, INC. 3 7.33% $9,580
SECURITYNATIONAL MORTGAGE COMPANY 3 6.42% $6,887
CHURCHILL MORTGAGE CORPORATION 3 6.96% $9,078
GUARANTY MORTGAGE SERVICES, L.L.C. 3 7.08% $13,509
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.58% $9,096
OPEN MORTGAGE, LLC 3 6.67% $6,508
Wolfe Financial, Inc 2 6.31% $8,705
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.81% $9,425
BAYSHORE MORTGAGE FUNDING, LLC 2 6.56% $11,452
First Federal Bank 2 6.56% $5,379
Goldwater Bank, N.A. 2 7.13% $9,803
GUARANTEED RATE AFFINITY, LLC 2 6.65% $8,473
Hometown Equity Mortgage, LLC 2 6.25% $9,250
INTERLINC MORTGAGE SERVICES, LLC 2 6.44% $2,550
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.50% $4,536
NFM, INC. 2 6.88% $7,401
NVR Mortgage Finance, Inc. 2 4.94% $9,401
SUCCESS MORTGAGE PARTNERS, INC. 2 6.31% $9,938
T2 FINANCIAL LLC 2 6.81% $9,395
NP, Inc. 1 8.13% $15,235
PLANET HOME LENDING, LLC 1 6.63% $9,915
Northpointe Bank 1 5.75% $7,557
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.00% $9,730
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $9,377
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.00% $17,435
MEMBER FIRST MORTGAGE, LLC 1 6.13% $5,882
LOANDEPOT.COM, LLC 1 6.88% $7,153
RADIUS FINANCIAL GROUP INC. 1 7.00% $5,353
GUARANTY HOME MORTGAGE CORPORATION 1 6.75% $3,113
Gateway First Bank 1 6.13% $11,782
RESIDENTIAL HOME FUNDING CORP. 1 6.00% $5,446
First Horizon Bank 1 7.00% $5,884
First Heritage Mortgage, LLC 1 6.63% $8,657
FIRST COLONY MORTGAGE CORPORATION 1 6.25% $9,518
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.50% $5,050
Wilson Bank And Trust 1 7.00% $3,032
Encompass Lending Group, LP 1 6.88% $9,349
EMM LOANS LLC 1 7.00% $7,947
DIRECT LENDERS, LLC 1 7.25% $4,874
1ST SIGNATURE LENDING, LLC 1 6.63% $8,798
The Central Trust Bank 1 6.25% $6,565
THE MORTGAGE FIRM, INC. 1 6.25% $8,715
Cornerstone First Mortgage, Inc 1 7.13% $10,486
COMMUNITY MORTGAGE CORPORATION 1 7.13% $5,719
TOTAL MORTGAGE SERVICES, LLC 1 6.63% $4,647
CERTAINTY HOME LOANS, LLC 1 6.00% $7,302
CALCON MUTUAL MORTGAGE LLC 1 5.75% $6,787
BM Real Estate Services, Inc. 1 6.13% $7,277
United Bank 1 6.13% $6,602
Blue Ridge Bank 1 6.49% $4,476
AXIA FINANCIAL, LLC 1 7.13% $7,210
US MORTGAGE CORPORATION 1 7.50% $8,830
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 6.13% $9,713
ALAMEDA MORTGAGE CORPORATION 1 6.50% $7,224
Wells Fargo Bank 1 5.88% $9,389
PANORAMA MORTGAGE GROUP, LLC 1 6.75% $8,286
OCMBC, INC. 1 7.25% $3,986

The top Georgia USDA lender as defined by loan originations is HOMESTAR FINANCIAL CORPORATION, with 83 USDA loans originated. Their average total fees are $4,456, which is $4,098 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Georgia USDA lenders (with over 10 loans originated) are SOUTHPOINT FINANCIAL SERVICES, INC. ($3,228), VAN DYK MORTGAGE CORPORATION ($4,064), SWBC MORTGAGE CORPORATION ($4,455), HOMESTAR FINANCIAL CORPORATION ($4,456) and Colony Bank ($6,695).

The lowest rate Georgia USDA lenders (with over 10 loans originated) are Synovus Bank (5.99%), UNITED WHOLESALE MORTGAGE, LLC (6.08%), BROKER SOLUTIONS, INC. (6.10%), BANKSOUTH MORTGAGE COMPANY, LLC (6.15%) and CARDINAL FINANCIAL (6.16%).