Albemarle USDA Loan Rates, Closing Costs & Stats

Albemarle, NC

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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.

    Albemarle's 13 lenders originated 21 USDA loans during 2023. The total origination value was $5,215,000, with an average USDA loan value of $248,333.

    Albemarle USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Albemarle averaged 6.29% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Albemarle's average USDA mortgage closing costs are $5,541.

    The average rate for the prior week (2025-02-07) was 6.35% and one month ago for the week of 2025-01-10, the average rate was 6.09%.

    The average rate one year ago was 6.38%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.53%.

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

    Albemarle 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 Albemarle level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MOVEMENT MORTGAGE, LLC 4 6.25% $10,705
    Uwharrie Bank 3 6.42% $6,763
    CMG MORTGAGE, INC. 2 5.88% $8,533
    CORNERSTONE HOME LENDING, INC. 2 5.63% $12,686
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.69% $8,931
    GUARANTEED RATE AFFINITY, LLC 1 7.18% $6,301
    Mortgage Research Center, LLC 1 7.25% $7,285
    United Bank 1 7.00% $9,018
    EQUITY RESOURCES, INC. 1 5.63% $7,597
    Ameris Bank 1 5.75% $8,544
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.38% $8,468
    CROSSCOUNTRY MORTGAGE, LLC 1 6.88% $12,341
    ACADEMY MORTGAGE CORPORATION 1 6.63% $6,886

    The top Albemarle USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 4 USDA loans originated. Their average total fees are $10,705, which is $3,941 higher than the next largest lender, Uwharrie Bank.

    The lowest fee Albemarle USDA lenders (with over 10 loans originated) are .

    The lowest rate Albemarle USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Albemarle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $249,700 (7.6%) $317,158 (-5.5%) 0.00 250
    2018-02-01 $252,038 (2.4%) $323,624 (-9.5%) 0.00 235
    2018-03-01 $249,500 (2.6%) $340,211 (-4.9%) 0.00 240
    2018-04-01 $273,800 (9.6%) $364,002 (0.6%) 0.00 257
    2018-05-01 $275,375 (5.4%) $366,403 (1.4%) 0.00 270
    2018-06-01 $261,500 (-7.5%) $368,046 (1.8%) 0.00 281
    2018-07-01 $277,475 (-1.8%) $385,101 (6.7%) 0.00 285
    2018-08-01 $271,950 (-6.1%) $382,707 (4.0%) 0.00 294
    2018-09-01 $265,900 (-4.9%) $374,651 (1.5%) 0.00 312
    2018-10-01 $266,300 (-4.9%) $379,381 (3.6%) 0.00 301
    2018-11-01 $259,900 (-7.6%) $373,556 (4.7%) 0.00 286
    2018-12-01 $253,450 (-2.5%) $376,032 (13.0%) 0.00 263
    2019-01-01 $250,038 (0.1%) $371,957 (17.3%) 0.00 247
    2019-02-01 $257,175 (2.0%) $372,687 (15.2%) 0.00 248
    2019-03-01 $266,443 (6.8%) $385,792 (13.4%) 0.00 261
    2019-04-01 $274,850 (0.4%) $390,659 (7.3%) 0.00 283
    2019-05-01 $258,075 (-6.3%) $375,046 (2.4%) 0.00 320
    2019-06-01 $251,950 (-3.7%) $365,085 (-0.8%) 0.00 308
    2019-07-01 $249,900 (-9.9%) $359,037 (-6.8%) 0.00 290
    2019-08-01 $246,882 (-9.2%) $345,197 (-9.8%) 0.00 287
    2019-09-01 $242,955 (-8.6%) $333,839 (-10.9%) 0.00 293
    2019-10-01 $240,386 (-9.7%) $327,417 (-13.7%) 0.00 286
    2019-11-01 $249,900 (-3.9%) $338,350 (-9.4%) 0.00 263
    2019-12-01 $262,223 (3.5%) $359,826 (-4.3%) 0.00 237
    2020-01-01 $261,928 (4.8%) $365,732 (-1.7%) 0.00 201
    2020-02-01 $253,750 (-1.3%) $361,941 (-2.9%) 0.00 209
    2020-03-01 $257,450 (-3.4%) $371,415 (-3.7%) 0.00 220
    2020-04-01 $252,400 (-8.2%) $366,785 (-6.1%) 0.00 220
    2020-05-01 $259,900 (0.7%) $390,782 (4.2%) 0.00 191
    2020-06-01 $254,950 (1.2%) $388,177 (6.3%) 0.00 170
    2020-07-01 $254,950 (2.0%) $394,569 (9.9%) 0.00 155
    2020-08-01 $249,950 (1.2%) $402,941 (16.7%) 0.00 142
    2020-09-01 $239,625 (-1.4%) $380,545 (14.0%) 0.00 141
    2020-10-01 $250,000 (4.0%) $385,612 (17.8%) 0.00 133
    2020-11-01 $238,725 (-4.5%) $387,290 (14.5%) 0.00 127
    2020-12-01 $230,375 (-12.2%) $390,798 (8.6%) 0.00 119
    2021-01-01 $217,500 (-17.0%) $382,084 (4.5%) 0.00 104
    2021-02-01 $214,975 (-15.3%) $388,759 (7.4%) 0.00 93
    2021-03-01 $251,175 (-2.4%) $389,505 (4.9%) 0.00 84
    2021-04-01 $259,500 (2.8%) $423,550 (15.5%) 0.00 78
    2021-05-01 $269,000 (3.5%) $418,557 (7.1%) 0.00 94
    2021-06-01 $293,975 (15.3%) $418,169 (7.7%) 0.00 112
    2021-07-01 $299,900 (17.6%) $429,433 (8.8%) 0.00 106
    2021-08-01 $269,950 (8.0%) $386,590 (-4.1%) 0.00 128
    2021-09-01 $276,725 (15.5%) $377,211 (-0.9%) 0.00 122
    2021-10-01 $269,900 (8.0%) $350,170 (-9.2%) 0.00 108
    2021-11-01 $260,000 (8.9%) $353,111 (-8.8%) 0.00 90
    2021-12-01 $263,650 (14.4%) $332,485 (-14.9%) 0.00 96
    2022-01-01 $329,000 (51.3%) $365,557 (-4.3%) 0.00 80
    2022-02-01 $312,425 (45.3%) $360,140 (-7.4%) 0.00 62
    2022-03-01 $284,231 (13.2%) $344,032 (-11.7%) 0.00 67
    2022-04-01 $296,900 (14.4%) $382,191 (-9.8%) 0.00 71
    2022-05-01 $348,848 (29.7%) $442,774 (5.8%) 0.00 87
    2022-06-01 $348,200 (18.5%) $423,458 (1.3%) 0.00 96
    2022-07-01 $329,900 (10.0%) $410,634 (-4.4%) 0.00 127
    2022-08-01 $314,700 (16.6%) $405,905 (5.0%) 0.00 146
    2022-09-01 $301,175 (8.8%) $364,699 (-3.3%) 0.00 190
    2022-10-01 $319,950 (18.5%) $389,162 (11.1%) 0.00 203
    2022-11-01 $324,125 (24.7%) $371,194 (5.1%) 0.00 217
    2022-12-01 $302,500 (14.7%) $348,402 (4.8%) 0.00 195
    2023-01-01 $304,500 (-7.5%) $349,129 (-4.5%) 0.00 195
    2023-02-01 $330,000 (5.6%) $402,787 (11.8%) 0.00 168
    2023-03-01 $329,950 (16.1%) $440,005 (27.9%) 0.00 165
    2023-04-01 $329,900 (11.1%) $437,923 (14.6%) 0.00 152
    2023-05-01 $332,000 (-4.8%) $460,610 (4.0%) 0.00 138
    2023-06-01 $329,900 (-5.3%) $444,581 (5.0%) 0.00 155
    2023-07-01 $339,100 (2.8%) $455,675 (11.0%) 0.00 164
    2023-08-01 $347,225 (10.3%) $461,942 (13.8%) 0.00 160
    2023-09-01 $339,900 (12.9%) $458,547 (25.7%) 0.00 157
    2023-10-01 $357,963 (11.9%) $463,681 (19.2%) 0.00 168
    2023-11-01 $326,860 (0.8%) $449,055 (21.0%) 0.00 174
    2023-12-01 $325,000 (7.4%) $454,878 (30.6%) 0.00 175
    2024-01-01 $329,675 (8.3%) $448,950 (28.6%) 0.00 175
    2024-02-01 $340,350 (3.1%) $480,827 (19.4%) 0.00 162
    2024-03-01 $350,000 (6.1%) $457,539 (4.0%) 0.00 164
    2024-04-01 $360,875 (9.4%) $462,667 (5.7%) 0.00 158
    2024-05-01 $375,850 (13.2%) $480,790 (4.4%) 0.00 167
    2024-06-01 $352,200 (6.8%) $469,550 (5.6%) 0.00 177
    2024-07-01 $351,225 (3.6%) $459,731 (0.9%) 0.00 203
    2024-08-01 $351,450 (1.2%) $443,326 (-4.0%) 0.00 198
    2024-09-01 $350,000 (3.0%) $426,749 (-6.9%) 0.00 207
    2024-10-01 $349,950 (-2.2%) $424,042 (-8.6%) 0.00 215
    2024-11-01 $337,950 (3.4%) $423,072 (-5.8%) 0.00 225
    2024-12-01 $344,900 (6.1%) $442,170 (-2.8%) 0.00 207
    2025-01-01 $329,998 (0.1%) $445,563 (-0.8%) 0.00 193
    Albemarle's median listing price for 2025-01-01 was $329,998, a difference of $323 (0.1%) versus the prior year and $-14,902 versus the prior month.

    Albemarle's median listing price comes in at 0% of the national average.

    Albemarle's average listing price for 2025-01-01 was $445,563, a difference of $-3,387 (-0.8%) versus the prior year and $3,393 versus the prior month.

    For the 2025-01-01 period, Albemarle had 193 MLS listings, a difference of -14 listings (-7%) versus the prior month and 18 listings (10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Albemarle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,957 sqft
    2018-02-01 0 days 1,979 sqft
    2018-03-01 0 days 1,953 sqft
    2018-04-01 0 days 2,045 sqft
    2018-05-01 0 days 2,019 sqft
    2018-06-01 0 days 1,999 sqft
    2018-07-01 0 days 1,999 sqft
    2018-08-01 0 days 1,955 sqft
    2018-09-01 0 days 1,824 sqft
    2018-10-01 0 days 1,831 sqft
    2018-11-01 0 days 1,840 sqft
    2018-12-01 0 days 1,885 sqft
    2019-01-01 0 days 1,812 sqft
    2019-02-01 0 days 1,811 sqft
    2019-03-01 0 days 1,828 sqft
    2019-04-01 0 days 1,828 sqft
    2019-05-01 0 days 1,824 sqft
    2019-06-01 0 days 2,005 sqft
    2019-07-01 0 days 2,009 sqft
    2019-08-01 0 days 1,979 sqft
    2019-09-01 0 days 1,986 sqft
    2019-10-01 0 days 2,000 sqft
    2019-11-01 0 days 1,911 sqft
    2019-12-01 0 days 1,995 sqft
    2020-01-01 0 days 1,981 sqft
    2020-02-01 0 days 1,876 sqft
    2020-03-01 0 days 1,842 sqft
    2020-04-01 0 days 1,824 sqft
    2020-05-01 0 days 1,866 sqft
    2020-06-01 0 days 1,840 sqft
    2020-07-01 0 days 1,921 sqft
    2020-08-01 0 days 1,887 sqft
    2020-09-01 0 days 1,793 sqft
    2020-10-01 0 days 1,946 sqft
    2020-11-01 0 days 1,838 sqft
    2020-12-01 0 days 1,757 sqft
    2021-01-01 0 days 1,732 sqft
    2021-02-01 0 days 1,669 sqft
    2021-03-01 0 days 1,684 sqft
    2021-04-01 0 days 1,717 sqft
    2021-05-01 0 days 1,800 sqft
    2021-06-01 0 days 1,754 sqft
    2021-07-01 0 days 1,774 sqft
    2021-08-01 0 days 1,594 sqft
    2021-09-01 0 days 1,628 sqft
    2021-10-01 0 days 1,634 sqft
    2021-11-01 0 days 1,633 sqft
    2021-12-01 0 days 1,561 sqft
    2022-01-01 0 days 1,738 sqft
    2022-02-01 0 days 1,715 sqft
    2022-03-01 0 days 1,669 sqft
    2022-04-01 0 days 1,676 sqft
    2022-05-01 0 days 1,792 sqft
    2022-06-01 0 days 1,706 sqft
    2022-07-01 0 days 1,670 sqft
    2022-08-01 0 days 1,614 sqft
    2022-09-01 0 days 1,589 sqft
    2022-10-01 0 days 1,673 sqft
    2022-11-01 0 days 1,632 sqft
    2022-12-01 0 days 1,548 sqft
    2023-01-01 0 days 1,538 sqft
    2023-02-01 0 days 1,642 sqft
    2023-03-01 0 days 1,617 sqft
    2023-04-01 0 days 1,568 sqft
    2023-05-01 0 days 1,698 sqft
    2023-06-01 0 days 1,645 sqft
    2023-07-01 0 days 1,736 sqft
    2023-08-01 0 days 1,695 sqft
    2023-09-01 0 days 1,664 sqft
    2023-10-01 0 days 1,733 sqft
    2023-11-01 0 days 1,620 sqft
    2023-12-01 0 days 1,602 sqft
    2024-01-01 0 days 1,594 sqft
    2024-02-01 0 days 1,626 sqft
    2024-03-01 0 days 1,622 sqft
    2024-04-01 0 days 1,671 sqft
    2024-05-01 0 days 1,778 sqft
    2024-06-01 0 days 1,787 sqft
    2024-07-01 0 days 1,775 sqft
    2024-08-01 0 days 1,790 sqft
    2024-09-01 0 days 1,757 sqft
    2024-10-01 0 days 1,727 sqft
    2024-11-01 0 days 1,701 sqft
    2024-12-01 0 days 1,756 sqft
    2025-01-01 0 days 1,683 sqft
    Albemarle's median listing age (time on market) for 2025-01-01 was 0 days.

    Albemarle's median square footage for active listings during the 2025-01-01 period was 1,683 sqft. One year prior, the average listing was 1,594 sqft.