Georgia USDA Loan Rates, Closing Costs & Stats

Georgia

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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.

    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%).