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 6.58% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.55% and one month ago for the week of 2024-10-04, the average rate was 5.97%.

    The average rate one year ago was 7.41%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.5%.

    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%).