Cullman USDA Loan Rates, Closing Costs & Stats
Cullman, AL
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.
Cullman's 28 lenders originated 86 USDA loans during 2024. The total origination value was $17,180,000, with an average USDA loan value of $199,767.
Cullman USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Cullman
averaged
6.38%
for the week of 2025-07-18, compared to the national average (all USDA variants) of
6.472% for the same period.
Cullman's average USDA mortgage closing costs are $4,393.
The average rate for the prior week (2025-07-11) was
6.35% and
one month ago for the week of 2025-06-13, the
average rate was 6.31%.
The average rate one year ago was 6.76%.
For refis of the same type during the week of 2025-07-18, the average rate
was 6.06%.
Cullman 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 Cullman level.
The top Cullman USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
22 USDA loans originated. Their average total fees are
$6,495, which is $375
higher than the next largest lender,
Renasant Bank.
The lowest fee Cullman USDA lenders (with over 10 loans originated) are
Renasant Bank ($6,119), GUILD MORTGAGE COMPANY ($6,495), .
The lowest rate Cullman USDA lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY (6.18%), Renasant Bank (6.50%), .