Asheville USDA Loan Rates, Closing Costs & Stats
ASHEVILLE, NC
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.
Asheville's 10 lenders originated 16 USDA loans during 2023. The total origination value was $4,500,000, with an average USDA loan value of $281,250.
Asheville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Asheville
averaged
6.75%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Asheville's average USDA mortgage closing costs are $5,916.
The average rate for the prior week (2024-04-12) was
6.7% and
one month ago for the week of 2024-03-15, the
average rate was 6.38%.
The average rate one year ago was 6.02%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.68%.
Asheville 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 Asheville level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| MOVEMENT MORTGAGE, LLC | 4 | 6.25% | $10,032 |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 2 | 6.75% | $10,292 |
| HomeTrust Bank | 2 | 5.50% | $7,136 |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | 1 | 6.00% | $7,064 |
| RADIUS FINANCIAL GROUP INC. | 1 | 6.50% | $6,728 |
| UNITED | 1 | 7.75% | $5,199 |
| Alcova Mortgage LLC | 1 | 6.13% | $9,167 |
| United Community Bank | 1 | 5.63% | $6,100 |
| CARDINAL FINANCIAL | 1 | 5.75% | $13,210 |
| GoPrime Mortgage, Inc. | 1 | 6.50% | $7,269 |
The top Asheville USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with
4 USDA loans originated. Their average total fees are
$10,032, which is $259
lower than the next largest lender,
ATLANTIC BAY MORTGAGE GROUP, L.L.C..
The lowest fee Asheville USDA lenders (with over 10 loans originated) are
.
The lowest rate Asheville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Asheville (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 | $349,998 (0.2%) | $496,161 (-3.6%) | 1.30 | 2,448 |
| 2018-02-01 | $349,975 (-2.8%) | $492,639 (-6.2%) | 1.27 | 2,391 |
| 2018-03-01 | $354,900 (-2.5%) | $498,344 (-5.2%) | 1.25 | 2,443 |
| 2018-04-01 | $358,900 (-3.0%) | $495,611 (-5.8%) | 1.22 | 2,575 |
| 2018-05-01 | $363,950 (-3.2%) | $494,599 (-7.2%) | 1.22 | 2,671 |
| 2018-06-01 | $385,000 (1.3%) | $530,612 (0.4%) | 1.28 | 2,595 |
| 2018-07-01 | $387,000 (2.9%) | $524,412 (-0.4%) | 1.29 | 2,679 |
| 2018-08-01 | $385,000 (0.7%) | $519,359 (-3.1%) | 1.29 | 2,776 |
| 2018-09-01 | $380,000 (0.3%) | $518,962 (-3.3%) | 1.28 | 2,886 |
| 2018-10-01 | $377,200 (0.4%) | $514,577 (-3.8%) | 1.28 | 2,982 |
| 2018-11-01 | $375,000 (-1.1%) | $511,281 (-4.0%) | 1.27 | 2,872 |
| 2018-12-01 | $375,000 (-1.1%) | $512,127 (-4.1%) | 1.29 | 2,654 |
| 2019-01-01 | $379,000 (8.3%) | $519,692 (4.7%) | 1.31 | 2,358 |
| 2019-02-01 | $375,000 (7.2%) | $522,430 (6.1%) | 1.27 | 2,259 |
| 2019-03-01 | $383,357 (8.0%) | $533,796 (7.1%) | 1.25 | 2,341 |
| 2019-04-01 | $396,500 (10.5%) | $549,239 (10.8%) | 1.26 | 2,462 |
| 2019-05-01 | $399,945 (9.9%) | $559,405 (13.1%) | 1.25 | 2,595 |
| 2019-06-01 | $399,500 (3.8%) | $559,590 (5.5%) | 1.25 | 2,771 |
| 2019-07-01 | $399,000 (3.1%) | $552,197 (5.3%) | 1.25 | 2,767 |
| 2019-08-01 | $399,364 (3.7%) | $551,906 (6.3%) | 1.26 | 2,795 |
| 2019-09-01 | $399,159 (5.0%) | $548,221 (5.6%) | 1.28 | 2,812 |
| 2019-10-01 | $399,000 (5.8%) | $546,946 (6.3%) | 1.29 | 2,825 |
| 2019-11-01 | $399,000 (6.4%) | $549,424 (7.5%) | 1.31 | 2,640 |
| 2019-12-01 | $398,975 (6.4%) | $548,608 (7.1%) | 1.33 | 2,317 |
| 2020-01-01 | $399,450 (5.4%) | $560,369 (7.8%) | 1.33 | 2,017 |
| 2020-02-01 | $400,000 (6.7%) | $562,546 (7.7%) | 1.31 | 1,844 |
| 2020-03-01 | $404,500 (5.5%) | $567,078 (6.2%) | 1.27 | 1,871 |
| 2020-04-01 | $399,450 (0.7%) | $555,148 (1.1%) | 1.25 | 2,023 |
| 2020-05-01 | $419,950 (5.0%) | $578,249 (3.4%) | 1.28 | 2,016 |
| 2020-06-01 | $427,000 (6.9%) | $596,762 (6.6%) | 1.26 | 1,959 |
| 2020-07-01 | $428,000 (7.3%) | $606,190 (9.8%) | 1.24 | 1,859 |
| 2020-08-01 | $429,000 (7.4%) | $614,941 (11.4%) | 1.23 | 1,687 |
| 2020-09-01 | $442,500 (10.9%) | $649,081 (18.4%) | 1.27 | 1,588 |
| 2020-10-01 | $449,500 (12.7%) | $658,258 (20.4%) | 1.29 | 1,558 |
| 2020-11-01 | $454,345 (13.9%) | $670,608 (22.1%) | 1.33 | 1,427 |
| 2020-12-01 | $469,000 (17.6%) | $689,163 (25.6%) | 1.39 | 1,280 |
| 2021-01-01 | $464,000 (16.2%) | $694,304 (23.9%) | 1.39 | 1,064 |
| 2021-02-01 | $449,725 (12.4%) | $690,087 (22.7%) | 1.31 | 914 |
| 2021-03-01 | $457,500 (13.1%) | $698,079 (23.1%) | 1.30 | 821 |
| 2021-04-01 | $465,000 (16.4%) | $718,303 (29.4%) | 1.26 | 847 |
| 2021-05-01 | $479,000 (14.1%) | $736,951 (27.5%) | 1.27 | 867 |
| 2021-06-01 | $472,475 (10.7%) | $713,142 (19.5%) | 1.24 | 1,098 |
| 2021-07-01 | $454,880 (6.3%) | $689,306 (13.7%) | 1.20 | 1,210 |
| 2021-08-01 | $449,500 (4.8%) | $690,396 (12.3%) | 1.20 | 1,232 |
| 2021-09-01 | $457,105 (3.3%) | $715,568 (10.2%) | 1.22 | 1,207 |
| 2021-10-01 | $471,320 (4.9%) | $728,622 (10.7%) | 1.26 | 1,163 |
| 2021-11-01 | $472,475 (4.0%) | $743,295 (10.8%) | 1.26 | 1,014 |
| 2021-12-01 | $479,950 (2.3%) | $770,423 (11.8%) | 1.30 | 870 |
| 2022-01-01 | $499,900 (7.7%) | $828,819 (19.4%) | 1.35 | 678 |
| 2022-02-01 | $537,933 (19.6%) | $910,511 (31.9%) | 1.40 | 540 |
| 2022-03-01 | $555,925 (21.5%) | $919,082 (31.7%) | 1.39 | 520 |
| 2022-04-01 | $550,000 (18.3%) | $884,179 (23.1%) | 1.31 | 604 |
| 2022-05-01 | $567,450 (18.5%) | $862,792 (17.1%) | 1.30 | 821 |
| 2022-06-01 | $562,233 (19.0%) | $826,393 (15.9%) | 1.25 | 965 |
| 2022-07-01 | $530,000 (16.5%) | $789,064 (14.5%) | 1.19 | 1,139 |
| 2022-08-01 | $521,000 (15.9%) | $760,825 (10.2%) | 1.20 | 1,154 |
| 2022-09-01 | $523,725 (14.6%) | $773,395 (8.1%) | 1.22 | 1,188 |
| 2022-10-01 | $529,000 (12.2%) | $792,464 (8.8%) | 1.24 | 1,292 |
| 2022-11-01 | $534,500 (13.1%) | $797,589 (7.3%) | 1.28 | 1,231 |
| 2022-12-01 | $539,450 (12.4%) | $797,555 (3.5%) | 1.33 | 1,098 |
| 2023-01-01 | $531,200 (6.3%) | $798,957 (-3.6%) | 1.32 | 959 |
| 2023-02-01 | $575,000 (6.9%) | $832,146 (-8.6%) | 1.39 | 820 |
| 2023-03-01 | $575,000 (3.4%) | $840,919 (-8.5%) | 1.36 | 837 |
| 2023-04-01 | $589,500 (7.2%) | $854,280 (-3.4%) | 1.37 | 924 |
| 2023-05-01 | $599,000 (5.6%) | $875,566 (1.5%) | 1.36 | 1,055 |
| 2023-06-01 | $607,185 (8.0%) | $887,871 (7.4%) | 1.36 | 1,106 |
| 2023-07-01 | $599,000 (13.0%) | $880,743 (11.6%) | 1.36 | 1,144 |
| 2023-08-01 | $600,000 (15.2%) | $874,653 (15.0%) | 1.38 | 1,172 |
| 2023-09-01 | $600,000 (14.6%) | $857,769 (10.9%) | 1.40 | 1,245 |
| 2023-10-01 | $592,225 (12.0%) | $853,475 (7.7%) | 1.39 | 1,375 |
| 2023-11-01 | $575,000 (7.6%) | $840,927 (5.4%) | 1.37 | 1,389 |
| 2023-12-01 | $549,900 (1.9%) | $823,351 (3.2%) | 1.34 | 1,271 |
| 2024-01-01 | $552,475 (4.0%) | $851,280 (6.6%) | 1.35 | 1,087 |
| 2024-02-01 | $547,000 (-4.9%) | $846,333 (1.7%) | 1.32 | 1,022 |
| 2024-03-01 | $550,000 (-4.4%) | $849,221 (1.0%) | 1.29 | 1,138 |
Asheville's median listing price comes in at 129% of the national average.
Asheville's average listing price for 2024-03-01 was $849,221, a difference of $8,302 (1.0%) versus the prior year and $2,888 versus the prior month.
For the 2024-03-01 period, Asheville had 1,138 MLS listings, a difference of 116 listings (11%) versus the prior month and 301 listings (36%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Asheville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 106 days | 2,214 sqft |
| 2018-02-01 | 46 days | 2,193 sqft |
| 2018-03-01 | 68 days | 2,153 sqft |
| 2018-04-01 | 80 days | 2,156 sqft |
| 2018-05-01 | 73 days | 2,163 sqft |
| 2018-06-01 | 72 days | 2,160 sqft |
| 2018-07-01 | 72 days | 2,187 sqft |
| 2018-08-01 | 79 days | 2,185 sqft |
| 2018-09-01 | 81 days | 2,172 sqft |
| 2018-10-01 | 85 days | 2,130 sqft |
| 2018-11-01 | 86 days | 2,114 sqft |
| 2018-12-01 | 99 days | 2,089 sqft |
| 2019-01-01 | 111 days | 2,080 sqft |
| 2019-02-01 | 114 days | 2,063 sqft |
| 2019-03-01 | 93 days | 2,113 sqft |
| 2019-04-01 | 63 days | 2,166 sqft |
| 2019-05-01 | 60 days | 2,214 sqft |
| 2019-06-01 | 60 days | 2,216 sqft |
| 2019-07-01 | 66 days | 2,211 sqft |
| 2019-08-01 | 70 days | 2,185 sqft |
| 2019-09-01 | 75 days | 2,163 sqft |
| 2019-10-01 | 78 days | 2,153 sqft |
| 2019-11-01 | 81 days | 2,144 sqft |
| 2019-12-01 | 92 days | 2,130 sqft |
| 2020-01-01 | 107 days | 2,128 sqft |
| 2020-02-01 | 109 days | 2,110 sqft |
| 2020-03-01 | 91 days | 2,112 sqft |
| 2020-04-01 | 75 days | 2,079 sqft |
| 2020-05-01 | 75 days | 2,149 sqft |
| 2020-06-01 | 72 days | 2,172 sqft |
| 2020-07-01 | 62 days | 2,204 sqft |
| 2020-08-01 | 62 days | 2,181 sqft |
| 2020-09-01 | 59 days | 2,211 sqft |
| 2020-10-01 | 57 days | 2,176 sqft |
| 2020-11-01 | 60 days | 2,141 sqft |
| 2020-12-01 | 68 days | 2,110 sqft |
| 2021-01-01 | 79 days | 2,055 sqft |
| 2021-02-01 | 82 days | 1,990 sqft |
| 2021-03-01 | 57 days | 1,941 sqft |
| 2021-04-01 | 45 days | 1,930 sqft |
| 2021-05-01 | 38 days | 1,992 sqft |
| 2021-06-01 | 35 days | 1,941 sqft |
| 2021-07-01 | 41 days | 1,906 sqft |
| 2021-08-01 | 48 days | 1,870 sqft |
| 2021-09-01 | 52 days | 1,898 sqft |
| 2021-10-01 | 53 days | 1,938 sqft |
| 2021-11-01 | 57 days | 1,917 sqft |
| 2021-12-01 | 67 days | 1,930 sqft |
| 2022-01-01 | 79 days | 1,939 sqft |
| 2022-02-01 | 74 days | 1,936 sqft |
| 2022-03-01 | 48 days | 2,023 sqft |
| 2022-04-01 | 30 days | 2,005 sqft |
| 2022-05-01 | 30 days | 2,074 sqft |
| 2022-06-01 | 33 days | 2,054 sqft |
| 2022-07-01 | 36 days | 2,026 sqft |
| 2022-08-01 | 45 days | 2,025 sqft |
| 2022-09-01 | 49 days | 1,988 sqft |
| 2022-10-01 | 50 days | 2,040 sqft |
| 2022-11-01 | 56 days | 2,062 sqft |
| 2022-12-01 | 71 days | 2,046 sqft |
| 2023-01-01 | 83 days | 1,971 sqft |
| 2023-02-01 | 85 days | 2,017 sqft |
| 2023-03-01 | 61 days | 2,030 sqft |
| 2023-04-01 | 46 days | 2,051 sqft |
| 2023-05-01 | 43 days | 2,056 sqft |
| 2023-06-01 | 46 days | 2,102 sqft |
| 2023-07-01 | 52 days | 2,089 sqft |
| 2023-08-01 | 54 days | 2,110 sqft |
| 2023-09-01 | 50 days | 2,105 sqft |
| 2023-10-01 | 51 days | 2,080 sqft |
| 2023-11-01 | 57 days | 2,008 sqft |
| 2023-12-01 | 69 days | 1,987 sqft |
| 2024-01-01 | 82 days | 1,931 sqft |
| 2024-02-01 | 84 days | 1,886 sqft |
| 2024-03-01 | 57 days | 1,902 sqft |
Asheville's median square footage for active listings during the 2024-03-01 period was 1,902 sqft. One year prior, the average listing was 2,030 sqft.